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Yeah I am on the same page with everyone. Just saying that defining NET in Tony 2 times formula is difficult at best and is very hard to define without detailed tracking. And those with a simple program like Quicken or Go Daddy can automate everything once set-up. No body wants a surprise at year end, that is why you pay quarterlies.
In any case I went from being in the Red earlier today to being in the Black with a 6 second process, clicked on update, and Quicken downloaded all new cash deposits and captured any new expenses, even Sue’s purchases two hours ago, into in our accounts and also pulled in all credit card movement and Bingo, we are back in the black again. Literally took seconds. Pretty simple to me.
So for new comers, the formula is very loosey goosey. T2T formulas states for $1,800 a month one would need 4,000 items at the same sell through rate and cost per item. We have little over a 1,000 items and Gross approx. $3,000 that. That’s because we started focusing on higher sales price items several years ago when you put forth that theory. Pay more, sell higher, work less, make more.
So I counted in T2T scenario whereby the formulas relies on 5 What Ifs. That is a lot of what If’s for me.
Even if one plays the game that most antique booth guys do is the Cash in My Pants game. My receivables [cash from sold items is in my left pocket] my payables is the cash in my right pocket, when I buy something or will spend for something, even rent, gas, food, I put the expected amounts in that right pocket, and at the end of the month I hope my left pocket is larger than my right pocket. The booth guys were always telling me there was not enough money in their right pocket, then when I ask how much do they pay for their booths, how much gas do they burn coming out to their booths twice a week, how often do they buy new tires for their car that they wear out, how many paper towels and windex and magic markers do they buy. No one ever knew. That’s about as simple as it gets.. Pants on the ground, pants on the ground.. 🙂 🙂 LOL
BINGO INDY Sales. I showed I was in the BLACK last month. We don’t have any personal needs right now. P&L showed a surplus so we spent about $2,000 first few weeks of Sept. and now we are in the red again as well as year to date because we have been spending a lot more on inventory.
Also on the Ebay Seller Dashboard is a section that shows some of this and it shows that the overall expense of Ebay is a lot more than we throw around here on SL. It on the Ebay selling cost area of the Sellers Dashboard. Interesting how Ebay breaks it down, now add on top of all of there numbers, one’s own categories and costs and it will take up a lot of that Gross Profit number.
Yep.. If you factor in everything that is an expense.
You say: “I honestly dont know how to create the complicated spreadsheets and reports I hear you guys discuss.” ….. Well you are already doing it.
I hear Ryanne say that at the end of the month, she sometimes has to go and categprize things that GDB missed. The other items not missed have already been categorized by her. So you are running what is called a Journal entry bookkeeping system. You said GDB furnishes a P&L. Bet you dollars to donuts there is a category that says uncategorized. Once everything gets into it’s category then, there you go, you are putting everything into a category. You are doing the exact same thing. Again dollars to donuts you have every expense put into a category so when you give your summary sheet to your accountant he has the areas to fill in on your tax return.You are doing category accounting you just may not know it. I would doubt very seriously if you have a misc. category that shows $85,000 worth of expenses that are not assigned to a category. Dining, mortgage, utilitizes [whether you break it out or not by type of utility]. Bet you Ryanne has already set all those up when you guys first started with GDB and she only has to tag those that don’t automatically fall into those categories.
NOE just Google avg. net profit of corporations which can be any small business also. Or better still NET Profit of americas small business. Actually here’s one result for you.
>>> ” Each employee in a small business drives the margins lower. One study found that 90% of all service and manufacturing businesses with more than in gross sales are operating at under 10% margins, when 15% to 20% are likely ideal.Aug 2, 2017″And yes, you can make zero on a sale but not on an item by item bases. We all just read that RTWV showed ZERO=$0 Zip at years end. I did not say just 10% on a one time $30 dollar single item. I said on a basis of total gross sales. If you expense everything you can, like RTWV and we do, we both run our business at close to Zero. I even evry one or two years run our business in the red. I do it by design. So with that in mind, Year to date our P&L shows a Gross Sales figure of $20,035.22 our Cost of buying inventory is only $5,271 but our NET PROFIT is showing a loss to us [in the RED by -$2,471.63]. So HOW CAN THAT BE! Well therein lies the secret of detailed business expenditures just as RTWV said above. They took a trip BUT did buying while they were on the trip. Bet you agagin, dollars t donuts that trip went into “business expenses”, may not, but as said above, the business is intewined into our way of living.
Ask Mark Twes about this and he will tell and show you the secret.You need a new sofa for your rental. You buy 2 of them for $200 each. You buy with your business money or card. You put one in the farm house, you replace your current couch with the second one you bought and now you have a new couch, BUT you create an inventory tag for it, you use your house as the storage of it, you sit on it and you list it for sale. I will sell anything in my house for the right price. AND nobody says you have to list it for sale this year, Sit on it for a year then maybe put it on Craigs lList for $5,000. Whatever. But it was expensed, you bought it, are using it “until sold” and so far have made zero on it.
Mobile Oil type Corp. live in the single didgits for Net Profit. So do most large Corp. but they make billions. One safe haven is to buy famous artwork. It is an investment piece for $32 million dollars. They won it, it will appreciate but they also donate it so a Museum and Bingo, tax write off. Ever heard of the J. Paul Getty Art Museum as in Getty Oil Corp.? Same concept only on a huge scale.
But it is not complicated. And I don’t disagree that using weekly numbers can be of value when you are looking at specific type of things. But you can stare at the minute details a little too much also. Most don’t buy stock then watch the ticker tape every hour on the hour. But if it tells you something then it is still OK.
What I am saying is that many dont categorize their expenses, or don’t categorize into correct categories, but still bet Ryanne does when she reviews those expenses on her monthly reconcillation.
Here is a good question to ask mark Tewes, If I make $50,000 next year how can I show a loss at year end. He will then show you the magic formula. Exepnse everything you can, legally. What is legal, that is what I pay my CPA for, and guess what, he has the answers.
Boy, didn’t want to wade into the weeds so deep. Been a while, but guess I dig my own holes when I do.
TTFN … mike at MDCGFA
Sharyn.. Funny. Worse thing we have at our local Kroger grocery store is a StarBucks inside. Wife Susan walks in the door and first thing she does is buy a Large / Grande Latte, Mocha, something sweet, super hot something, something at about $4 per cup. I can buy a whole can of coffe for less than that on sale. I can’t go shopping with her, she hates it. I am looking at every unit price sticker, searching on my phone for coupons, looking for BOGO’s, taking way to long. She sneaks off to the store so I won’t hear her and ask to go along. I slow her down and she says, all I do is complain about the prices. AND SHE IS RIGHT!!!! LOL 🙂 🙂
MC at MDCGFA in ATL GA
Exactly Inglewood. That is why using an accounting program for your whole financial picture and a P&L is so important. A P&L does show you an exct picture of where your profit is and if you are running your business in the red or the black and by how much.
I like to keep my NET Porfit as low as I can. I try to run my business as close to a break even point as I can, but everything in our lives can’t be expensed, but you will be surprised how much can be.
We do expense out our office space from our personal space. We use approx. 50% of the square footage of our house for work. So 50% of our mortgage, taxes, all utilities, yard, house maintenance, everything is expensed against the business. Most of our auto expenses is business related. So keeps our NET PROFIT lower due to those expenses being deducted from the GROSS income.
Mark Twese “Not Your Dads Accountant” explains a lot of this in his articles and interviews with Jay and he also has some downloadable booklets.
And BTW, doing your business accounting correctly is a standard part of running any business, large, small, [part time, full time. If you don’t understand it all then as J&R say and do as well as many other SL members, seek out a CPA and get an apointment and go over all of this.
As Tony 2 Times originally said, “if you want to grow”, then to do this is to get a handle on a proper accounting procedure.
These SL weekly number don’t do a whole lot for me. One reason i never post ours. Doesn’t mean a whole lot about the bottom line. What would trip my trigger is for everyone to post their P&L from their accounting app every quarter. Would love to see J&R P&L for the last 5 years!!! LOL 🙂 :-). Sure make a $100k per year gross, but what was their bottom line??? Obviouslt their Retained Earnings or OCRA Account has been sufficient enough to allow for “Plowing Funds Back Into” their business which happens to be Real Estate Investment. This is their accountants way of showing them how to reduce the bottom line that they have to pay taxes on, and by plowing back into their business, they are re-investing for the future. Their profits will come through landhold capital improvements which they have done on 2 properties and are now doing on a third, appreciation in value but from the increase in property values and building equity, and then from the profit made at resale.
Which mark my words they will probably do when they do retire!! No kids probably to inherit their “empire”, so can you imagine when it comes time for J&R to “DOWNSIZE”…WOW!!! They worlds largest yardsale!! LOL 🙂 :-). I won’t be there to see it because I am 69.5 years old, but the time will come for them to “Divest”.
A Souhtern Boy running off at the mouth who should be listing and building our nest egg, but worth may expressing my opinion. And opinion is all that it is.
Mike at MDC Galleries and Fine Art in Atlanta, Ga.
I agree but the problem for most is the calculation of that NET PROFIT NUMBER.
If you sell and item for $50 and it costs you $10 to buy it, subtract that $10 from the $50 and you get $40, well that is nowhere near the end of it. I use an accounting program and so do most business that have a COA [chart of accounts] that takes into account the categories that all of your business expenses go into. My COA has about 25 to 30 line items in it.
Most busineeses average about 10% of their GROSS SALES that end up as NET profit. If one can avg. 15%-20% you are the rare few. Most corporations are only in the single digits.
So the Sell through rate is easily found, so is how many you sold for the month and the 12 month avg. of those items, but the next number, most people and I am going to go out on a limb and say 90% of sellers can not accurately come up with the real net profit per item.
Here is using J&R rentals as an example and this includes a term called capacity. Take their farm house.
Their capacity is 365 nights rental. They can’t rent for more nights than that because that’s all the days there are in a year. So if they rent every night of the year for 1 year.That’s a 100% sell through rate = 365 sales at $150 per night = $54,750 per year max. GROSS, now down to that net number? What does it cost them per day to run that Farm House Rental. The expenses are not per day but “Periodic”
Labor [cleaning help], electricity, heat, water, laundry, soap, mortgage, taxes, interst, replacing lost-stolen worn out items, depreciation, legal fees, phone costs, accounting fees, etc., etc. So then what are they actually NETTING OUT PER DAY and what are they actually then paying themselves per day?So the cost per item is the actual cost of an item, the auto expense to go to that auction or estate sale, the box you ship it in, the tape you use, the label you buy to print on, the cost of the printer ink, the label, the electricity used to keep the lights on in your office, the bank fees, your accounting fees at year end, part of your automobile insurance that is used for business, cleaning supllies, paper towels, silver polish, dryer sheets, soap, magic markers, staples for your stapler, pencils, pens, storage tubs, tape measures, rulers, calculators.. etc., etc. Granted some of these are one time purchases, but in the year they are purchased they are EXPENSES that goes agaginst your business which comes out of those gross sales numbers.
Now those using QuickBooks, Go Daddy, Quicken any type of real accounting programs that allow the set up of a COA or Categories as some call it allow the lumping togather of all of these extrememly small items, but the individual costs are still there, just lumped into those categories.
The real way to know what you are making is to use an accounting approach and pull a Profit and Loss sheet. That will show you the picture. If you are OCD and want to see that Net profit per week, then pull your P&L at weeks end, I do ours monthly and also shows what percentage of our gross sales each category is using. i.e. is our Office Supplies 7% of our gross sales, then if I want more NET PROFIT one way to accomplish that is to REDUCE those PERCENTAGES per category. Buy less office supplies, electricity, turn off the lights, use less tape per box, travel less miles to acquire the merchandise. This is the way large companies reduce costs, is by reading their P&L, looking at the percentages of GROSS SALES each category [line item of expenes] was using up and tell everybody to knock off the over spending and cut back on costs.
That is why when large company see over spending the fastest and easiest way to immediately reduce costs is to lay-off or fire people. Dump 30 people of Friday and come Monday morning, you have reduced your costs via Payroll cuts by XX percentage.
Not knocking your formula, but you said it was simplified. Well, extremely simplified and for the real business minded would not be of a whole lot of help. For those not accounting inclined it could give a false sense of security when it comes to what you are NETTING out of the business.
Here is a very simple way to accomplish the same thing it is called OCRA [Operating Capital Reserve Account]. Every business large or small should have this. A business savings account in other words.
Start on Jan 1st with a separarte savings account. At months end take every dollar in your paypal account and put it in the savings [operating Capital Account]. Then at the end of the year take the amount in that account and split it in half. Half is your salary for the year and the other half is for your company. That is your operating reserve funds for the coming year. Every business deserves to be treated as an entity and should be being paid just like you are.
I really belive why so many stores open and close each year on all platforms, Ebay, Etsy, any of them, is the fact that most people who start these businesses do not understand business.
All of this is just one Sotherners opinion and that with $.50 will still only get you that half a cup of coffee.
Respectfully responded to and no offense intended at all. Just the sharing of 50 years of running a business and one of those being an 18 million dollar plant.
Mike at MDC Galleries and Fine Art in Atlanta [for the SEO Gods and another wall of Text for Jay] LOL 🙂 🙂
Hey Steve.. We have a Westbend Penguin Stainless Ice Bucket currently listed in our stores. But have it at $69.99 and MO. Guees we should adjust that based on what you mentioned. yep, there were lots listed, many have sold. We always list at over the higest price sold which ever is higher Ebay or Worthpoint. That allows us to run a Sale and take offers on top of that to boot. But at $69.99 we may be “too” high.
Thanks for the info. missed the doggies and Kitty this time around.
Mike at MDC Galleries and Fine Art in Atlanta
Hey Sonia:
Yep, we offer free returns and on the few that we have had, we had the options to refunds partial, complete, without with shipping. And of course there is a work around for backing out the shipping in either direction and that is select partial refund and input the amount of the item only and don’t include the shipping to or from.There is a big red caution that also states the obvious, don’t do any type of refund until you have gottent the item back, opened it and inspected for yourself.
we have selected that we wish to review every return and use an RMA Number. [“Return Authorization Number”] just like we did in the prining company. We just use our SKU number.
mike at MDCGFA in ATL
Hey Guys:
First wonderLister is coming along with the Shopify module. I did a transfer of 1053 Ebay listings over to the Shopify Store this weekend. They are all live. It took a few hours to make the complete move. Then yesterday was running a few tests for WL team and found an issue they are working on now. In the “upload to Shopify” tab everything went fine except on any item that had multiple quantities, the Shopify store only picked up a quantity of 1 instead of the multiple quantity. Luckily we only have about 50 or less items that have a quantity of more than one.This is a Shopify issue not a WL issue, so the enginners are talking with Shopify to work out having the multiple quantities picked up by Shopify.
But at this point, when I click a listing line and right click send to Shopify, everything goes. The photos, the Condition section and my copy, the decsription area, and within the description area all of the item specifics. Behind the scenes the shipping box size and weight goes in and calculated shipping seems to be showing. BUT we still have BETA TESTING to be done. It is not for public consumption yet. But I can work with it at this point.
No word on the status of the Etsy interface. I just haven’t asked lately, but will ask and report back.
Now to the use of your own domain name and the use of your own store. Shopify is a web site, e-commerce platform. It does not bring any customers at all to the platform. It is a parking place and merchant gateway [credit card payments] for your inventory. You have to do ALL OF THE MARKETING AND DRIVE ANY AND ALL VIEWERS AND SEARCHERS TO YOUR SITE.
Thus you have to have SEO knowledge, you have to have pre-pared your listing to have correct keyword placement, [i.e. the first five words of a title needs to be high ranking Google Adwords]. You need to know how to use Google Analytics, have an Instagram account and attach it to your store, A Facebook Marketing page, a Pinterest account and have it linked to your account. You need to have meta tags defined and WonderLister has a field for this, don’t think Ebay does, and it helps to have named everyone of your photos with a short title that contains a couple of key words.
The answer is yes, we have been doing this for about a year and a half pre-paring for the day we go directly live with our store. We still have design work to be done on our HOME landing page and BLOG pages to create. But atleast for now our store can be directly reached by typing our name into the URL line. If you try a Google search, you will find our store name but it will mostly link back to our Ebay store. we have not submitted to Google yet to crawl our store. We wanted all 1,000 items to be listed before we did that. But we did that all this weekend.
Next you have to have a site map. Luckily Shopify does this automatically. But you have to do your own third party verification and once verified, submit your domain / shopify store to Google to request for a review. If you have done your SEO properly google will accept your domain and then schedule your store to be “crawled” by the spiders and “Bots”. This is the stage we are currently at. We hope to submit this week.
Then everytime we list on Wonderlister a new item, it will also get automatically sent to Twitter and to Shopify. From Shopify we have it set up to then send [manually] by clicking the Pinterest, Instagram, Facebook Icon to share on those places. And from here we will be on our way to building our own traffic which we will monitor those stats from within Google Analaytics [which we already have an account for].
Once Google approves your web site and schedules your first “Crawl”, it can be from a few weeks to I have read as much as 2 to 3 months, but usually 3 to 4 weeks. Then Google’s bots will revisit your site periodically. as long as you have fresh content [sound familiar guys], and new listings, they will keep rescheduling you for a re-visit at future dates. If you let your store go stale and not updated, then at some point they will either drop you out of their revisit schedule or do so a whole lot less frequently.
From these visits, and the back links from all the social media sites, that is where all of your “organic traffic” begins to build and you began to create an Alexia Ranking for your site. as your Alexia Ranking graws, so will your placement in Google increase. Where you rank in those listings will depend on how good you are and have been on preparing your web site, knowing how to key word place, what keywords are the most frequently searched [which comes from Google analytics. This is why I have always signed my SL posts with my domain name at the bottom. Google picks those up because a “bot” crawls Scavengerlife and picks up that as a key word.
So it is a lot of work but worth it in the LONG RUN. We have several artists that we have watched for years and watched how they transition off of Ebay over to their own stores and have done so much better and make full time incomes in the neighborhood of J & R store.
Yes you “may” get an occasional sale like Bonanza or truegther, but without any traffic at all the chances are slim to none. At least on Bonanza and Truegther there is some traffic being generated. When you create your Shopify store, you will see “NO TRAFFIC” and there will not be any until you create it yourself. Sorry for the bad news, but Shopify is not a list it and forget it. It is a list it and then work at it hard because the ultimate goal is to REPLACE EBAY at some point. You get to keep all the money so you can sell less on Shopify to arrive at the “same Net” as Ebay, but you still have to sell. And that comes from SEO, Optimizing, working social media, building your brand and logo recognition on many other channels.
One nice thing about Shopify is that they have a Strong Support Section and also have their Shopify University. This offers at no cost a complete coverage of how to build a site, SEO systems, key word optimization, wiritng HTML codes, Marketing strategies and tons more.
Shopify is having an Atlanta training workshop here in Atlanta that is like the old Ebay local getherings they used to have. Sort of like a mini Ebay open only for Shopify. They have several days of classes, one on one meet-ups with Shopify staff, they will help you build your store, SEO traing and help. We got over invitation a couple of days ago.
So, if you just move your inventory over to Shopify and then don’t go at it as hard if not as doubly hard as you do your Ebay store, it will just sit there and not one person will find, you or visit your store much less buy anything from you. We sat for 3 months last year with out one visitor, but that is because we were ready to “publish” and go live. This we are approaching and starting this month.
Hope this sheds some like on your questions and curiousity about Shopify.
Here are some links to the Shopify Ecommerce University which will explain what all it covers in it’s online courses and videos.
https://help.shopify.com/en
https://www.shopify.com/videos/content-marketingAlso one thing to also remember. There are several big sites that do what Shopify Does. Wix, Volusion, Big Commerce, etc., etc.
Well, all said and done, that’s one man’s opinion and that and that $.50 I always mention still only buys you a third of a cup of coffee.
Mike at MDC Galleries and Fine art in Atlanta <<< for the SEO Gods! 🙂 🙂
Hey CRE… Check out Auction Tracker. Been discussed about a year ago here so you can search for that thread. Auction Tracker is a huge spread sheet running on a ton of Macros. The developer sells it for $50 per year. It does everything you mention plus a whole lot more.
I think you can download a free trial. It goes back and pulls everything from Ebay into it and then presents everything in a bunch of different ways, costs, fees, sales and profit by month, quarter, year. Keeps track of inventory, mileage, tons of stuff. and at 450 a year it is great for those who love spread sheets. this guy knows how to build a monster SS.
The only draw back is that it will go back and gather all of the data but only for the past 90 days. So if you want a full year of data, you need to buy it during the last quarter of this year or before March of next year. That way you will be able to start off on Jan. 1st, 2019 with all your data.
The trial version is a fully working version only it just goes back and gathers 30 days of data for you to see.
It hooks up to your Ebay account via a “Token” which is what Ebay uses for 3rd party access and will allow this SS to access all of your pertenent data for tracking and analysis.
We used this SS for a couple of years but wanted something more robust and that would list and track on multiple sales platforms, so we went with a third party app called WonderLister and so have several other SL members. T-Satt here on SL uses SixBit.
Take a look at the Easy Auction Tracker web site, look over all the screen shots, check out the demos and even try out the trial. Unless you can build a monster of a SS and code it to do all these multitude of interlinked function, it is so much easier to just buy this spreas sheet app at $50 a year and be done with it and save all that time. Plus they run sales during the last part of each year, so if you buy early it is even less expensive. Current users also get an additional discount when you renew.
Here is the web site link: http://www.easyauctionstracker.com/
They also have several YouTube videos, so check it out and see if a pre-made spread sheet may be a much better fit. We realised reall quick that by using our spread sheets we were trying to re-invent the wheel and that our wheel was not going to be as good as this one was by a long shot.
But if PayPal provides even more data that you rely on, then maybe not. But maybe you can manually add the PP data. Easy Auction Tracker does allow edits and they also provide support and can add columns and function by request.
Good luck.. Hopefully this will provide more data for you to analyze.
Mike at MDC Galleries and Fine Art
Hey Sonia:
Just printed a couple labels a few minutes ago and both printed fine. Got all the normals views I see and print screens, and all worked fine.You can always try to just close out of everything and do a cold reboot and open things up agagin. Before you do that, if you haven’t already, with as many searches as we all do, it is a good idea to empty a lot of your browser history as you feel comfortable doing. High the history tab, select last 1 day, 7 days or a month and right click and delte. That takes a whole bunch of old history [places you have been going to in your browser] and cleans it out [empties the cashe]. I do this everyday with all the searches we do. In nay case it makes your rig / browser run faster.
But simple answer, ours working fine.
Mike at MDCGFA in Atl.
Hi Cindi.. In this case, since they did send photos and you can see that the roll will not unroll by holding from it’s edges, seems to indicate a bad roll(s). If this was pre-pasted wall paper, it could be that over time heat, moisture, cold, and alternating temperatures has crystalized the adhesive and has bonded the paper together. If it is as she says, when unrolling that cohesion between paste and paper is indeed, pullng the print off the surface of the paper, it is shot. U would have be able to sell it as a usuable, roll to wallpaper with.
I would hope that she would realize you had no way to know this unless you had to open the roll and check this out for yourself. If the buyers photos are telltale that she is on the level with this type of defect, if it were me, I would refund her 100% [item cost + her shiiping], tell her to toss the product and apologize and state you had no way of knowing the state the roll was in without opening and unrolling it and if it was a sealed in original wrapping that was not possible.
No use paying for the shipping back on an item, which is essentially a totally unusable product and in effect a destroyed beyound use product.
Adhesives of any kind do crystalize for the environmental swings back and forth along with time. All tapes, decals, etc., etc.
But just my opinion and that along with $.50 will get you a third of a cup of coffee.
Mike at MDC Galleries and Fine Art in Atlanta
Great numbers on the military retirement pension. My wifes whole family was and or is retired military. Army. Full Colonial [her older brother] with 3 tours in Vietnam, dad Master Sargent and mother civil services as a GS14. She was a fire cracker and for a woman in pants in the Army in the 50’s as a GS14 was almost unheard of. She analyzied manpower and basically kept the military from over staffing and goofing off. A woman going into a motor pool, putting stop watches of a bunch of GI’s then telling the base commander that it does not take 7 men to pull out an engine in a deuce and a half truck, so re-assign 3 of them. They didn’t like when she came in.
After retirement she founded the Rape Crisis HotLine and the Rape Crisis Center in Georgia and from that most Rape Case victim program followed as their model through out the whole USA. She too was a cancer survivor in her late sixties.
All have passed away now except older brother Colonial M.J. Wolfe. Boy what a joy he is at family gatherings. Still stiff as an oak board. Sir, yes sir.. funny
Take care… mike
I worked at Fort benning every summer out where the Airborne, Rangers and Green Berets trained. We carried food out to their mess halls. Who-Ahh! LOL 🙂
Good for you.
Ahh. Good idea to just take them into the store. They surely will know. As for NYC, that is where all my wife’s friends come back from with all of their brand name stuff anf all of it is fake. I can tell you everyone of her firends “Coach” purses bought in NYC “off the street” so to speak is fake, except for one we know. She buys nothing but authentic everything, from, shoes, purses, watches, but she has a lot of money so no problem for her. And by the way, as you are pointing out, their are stores all over the US that one can buy poriginal items from, no need to travel to NYC just to buy “real” items. Especially with all the online buying now. I would think Chanel located in Paris would be glad to FedEx you a purchase for an $800 pair of shoes. Probably would ship today! LOL 🙂
In any case good luck with them.
Mike at MDC Galleries and Fine Art in Atlanta
Hey TS: One say in the middle about “re-listing” the shoes. I understand about not fighting an INAD but ‘ selling non-authentic” merchandise can draw consequences from Ebay. If they detect a seller doing this can’t they suspend a seller’s account or worse, pull a seller’s account down? A seller can take a misque on describing something or over looking a flaw and the item just gets returned, you correct the listing and relist. But if it is a “fake-knock off-counterfiet- inauthentic or whatever you call it that is agaginst Ebay’s policies and brings them into the equation.
Now granted a seller may know more than a buyer OR a buyer may know more about an item than the seller, but rather than risk repercussions from Ebay itself, wouldn’t you want to validate the authenticity of the shoes before relisting?
Just curious. Many of us here have gotton a VERO at one time or another and our policy is to pull the item or in some cases Ebay just kills the listing. But there are more serious things Ebay can do if they want to. Just wondering why you are taking the risk or have you already authenticated the shoes and are sure they are not fake and can prove it, and you know the buyer is wrong. If so, then hope they sell for you agagin quickly and you can get on to other great Sales.
