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Hey Jay, thanks. I think of y’all often. We are looking into purchasing our retirement property in the next 10 years and keep bouncing between Maine and Va b/c of cost of property. We now run a small STR in our converted school bus motor home on our property in Oregon. Ebay has allowed that. And my husband runs a small etsy shop making wooden toys and household products. And he drives for food delivery apps in the evenings. ALL of this is made possible by reselling…we own our time and we are flexible to be available for our growing kids and their changing needs.
Back to your question. Mostly the bins these days…I think I do have a good eye. I have teens now, so I’m pretty aware of “what the kids are wearing” and that helps a lot. I’m also willing to take low dollar sales to move stuff out when its time has run it’s course. Which is still tricky for me after so many years of list it and forget it.
Hi everyone.
It’s literally been years since I was here, I’ve been pretty head down working on my reselling business. I am now in almost entirely clothing b/c its the easiest thing for me to source and store at this point.
I rented an office space for 2 years and am now finally at home after building a backyard office. Anyway, here is my numbers for the week of the 15-21.
Total Items in Store: 3913
Items Sold: 31 on poshmark, 30 on ebay 61 total
Gross Sales: $1917.55 (including platform fees, shipping, and taxes)
Net Sales: $1,530.25 (minus platform fees, shipping, and taxes)
Cost of Items Sold: $106.75
Cost of helpers: $285
Highest Price Sold: $250 (Taylor swift sweater)
Average Price Sold: $25.09
Returns: 0
Money Spent on New Inventory This Week: $195
Number of items listed this week: 75They are quite heavy. Feel like ceramic. But not. They are not wood. It seems like some sort of really soft stone?…I don’t know
Blah!
Do these ones work??
The others worked for me but Inthink its bc I was already logged in. Bleck…
http://imgur.com/9qzpnGf
http://imgur.com/HLlD411
http://imgur.com/YEh5RuoI know that there are any number of possibilities. I will day though that I have only EVER had 3 returns. So I would know if one of these items had been returned. I don’t pull items until they have been paid. And if someone has a question I stand there and answer it while I have the bin open and then replace it. I truly can not think of any reason other than a problem inside of eBay for why this is happening in my case. But I absolutely could be missing something…
Oh, I wanted to update on something folks were talking about a long time ago.
The issue of listings going “missing”. I feel like the assumption back then was that these must be people who did 30 day listings and some just slipped through the cracks on re-listing.
Part of my restart is that I have settled on an inventory system and have been going to every single item in my store (b/c its a small store of just under 600 items right now its not that bad), and there are LOTS of items that have disappeared. I never do 30 day listings and know that these things were listed. Just this morning I inventoried 5 small bins (52 items total in those bins). Of the items in those bins, there were 18 that were no longer listed. just vanished. gone. This is another reason to do ink frog or whatever (which I don’t…) b/c now I have to resist these things all over again.
I don’t know how it happens or why, but I can absolutely say that it does happen. fairly often, it seems. It also seems completely random. These items were listed at different times and were across several categories.
I’m not sure what a person could really do about it, other than regular inventory checks which just don’t make sense, but just thought I would share.So, I haven’t posted in a long while and wasn’t much of a poster even when I did. I had a bunch of “life” things get in the way of full time work for the last 6 months. But, life has straightened out and here I am again, which a clean and organized eBay space in my garage, inventory completed and back at it. Full time. Well, as full time as a person can be with three kids and a household to run. 🙂
Here are my numbers for my first week back at the grind stone. Its a bit pathetic, but I am hopeful for quick listed inventory growth now that I have devoted space and no other “work” to get in the way of the good stuff.Total Items In Store today: 595
Items Sold: 9
Cost of Items Sold: $5
Total Sales: $157
Highest Price Sold: $36 (umbrella)
Average Price Sold: $17.44
# Items Listed: 75
Money Spent on New Inventory: $0Ryanne, it’s a 2017 Hyundai Elantra actually. I get 50MPG on the highway and we get about 30-35 in town depending on traffic and where we are going. Pretty decent for a cheap Econo car.
MDC- These are many of the reasons that we wont donate to Goodwill anymore.
I will say though, that the single shoes likely had a pair in the back. Our store only has singles out on the floor and you have to ask them to go get the other one if you want to purchase them…it started about 6 months ago..I never buy them for resale b/c of their crazy prices, but discovered this new system when my kiddo needed new basketball shoes for her own use. Crazy right?yes its a work tool. Also, we literally did research to find the cheapest car with the best MPG and bought it…without regard o ANYTHING else about it. it gets 30-50 MPG and at a year old it was just over 10k so it won.
Jay,
We do talk a lot with our kids about money. Currently they want to go to the American girl store to buy a new doll each, so we have two jars on the entry table in our house. One for that trip to American girl and the other for sending Masai girls to School I’m Kenya. We sponsor a family in a small Masai village and sending a girl to school makes a significant difference in their lives. We have a friend who grew up in the village and she helps us get money to our sponsor family. Anyway…when my kids earn money, half goes in each jar. One half to help others, one half to save for fun. They make money mostly by selling things they don’t want or need anymore on Facebook to eBay. Sometimes they return cans and bottles. It works for us. Everyone feels good about helping others AND saving up for something we want. It also helps the girls learn about selling what you don’t want so you can afford what you DO want.Just for a point of reference, our numbers show that in order to be paying all of our expenses (business and personal) and putting a small amount in savings for if things go sideways we need to bring in about $6000 gross a month. Which, of course, works out to ABOUT $200 a day in combined income. This seems to do-able not to just do it.
Yep. Thanks Jay.
We are pretty frugal people. No cable, we don’t eat out, shop at the thrift for clothes and household things. Neither of us are shoppers. We buy groceries at the grocery outlet and cook lots from scratch.
We do have a car payment now b/c Dave needed a good car to drive for uber/lyft and our old beater wouldn’t have been approved. But uber/lyft cover the $200 a month car payment in our budget.
Yes, we are paying over $750 a MONTH out of Dave’s paycheck to insure the 5 of us. Insanity. A slightly better plan through healthcare.gov *while it still exists* will cost us $600.I laugh often about the things you and Ryanne talk about doing to save money b/c we do lots of them too. Although we do pay too much for our cell phone bill through ATT because we have so many lines used by so many different people that it’ a mess I haven’t tackled dealing with yet.
Anyway, thanks for the vote of confidence.well, I didn’t sell it, but the first time I bought a storage unit I found all KINDS of things that embarrassed me. Toys and whips and fake boobs and well…lots of things that made me squirm quite a bit…things I didn’t even know existed. You learn something new everyday, and that day I learned a lot that I would have preferred not to learn. LOL
