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The image is too small. Upscaling it in some photo editing software should work, although the quality will be less than stellar.
My first thought is that these larger thrift operations probably became better at filtering out the expensive stuff before they hit the floor. Smaller (mom & pop) stores don’t have the time, hence the stuff is more readily available there.
Speaking of clothes, I’m a regular “bins” shopper, and the amount of clothes that come out hourly is honestly shocking. I don’t dabble, but frequently see clothing resellers filling up entire carts with what is (presumably) quality stuff. There’s a group of younger (say, early 20s) clothing resellers I keep my eye on that are clearly looking for trendy items they can flip for high prices. I can only describe the style as “ironic”, like a NASCAR or WWE wrestling shirt from the late 90s or early 2000s, where it’s like the entire shirt is one big advertisement. I looked up the prices of a few and was amazed, like an average of $50 it seemed, sometimes more.
If the thrift stores are filtering the good stuff, then it becomes a game of getting better at following trends, I guess. None of it makes sense to me! That’s why I stay in my lane.
We’re scavengers, so we like to search for the best price. We also don’t mind waiting if the price isn’t right. Personally, when I find something I want, I set up alerts for newly listed items, and usually within a week or two I’m able to purchase it outright for a fair price or snipe the auction.
This isn’t the case for everyone. Some people just go to eBay, smash the terms into the search bar, and purchase outright.
Example: Some of my items are priced 1.5x-2x the competition. Why? Because I promote the listings, and apparently people won’t scroll down to see the same item at literally half the price. They just buy it because it’s there at the top.
Search rank is hugely important. Perhaps more important than price in some cases.
Thanks for posting. I remembered they were upping the rate, but forgot when it was happening. I promoted everything in my store at 3% last July and business took off almost instantly. I don’t mind kicking some more $$$ over to eBay, as clearly the extra advertising works for the categories I sell in. I mostly only deal with consumer electronics, so I’m very much vying for top 5 or 10 in the search rank for whatever it is I’m selling.
In May, I spent approx. $100 in ad fees for approx. 85 sales. Will be curious to compare against June with the new rates.
I do nightly reports. I’ve had problems maybe once or twice in the last 6 months. Most I’ve ever waited was 5 minutes, even for months worth of data. I’d wager something is wrong with your browser. Try another.
GoDaddy was convenient, but frequently made mistakes:
- In 2020 it started missing FedEx labels, and in 2021 mislabeled credits as additional expenses rather than income. I’m not convinced these were ever fixed properly.
- A few months ago I realized some sales weren’t reported, but GoDaddy claimed it had pulled the latest data from eBay. I later found it was adding a few hours onto the timestamp of each transaction, rolling some off to the next day.
- The team working on it has been aware of technical issues in the past, but required you to call in and have them apply the fix (see: FedEx labels) instead of just applying the fix to every account. This signals to me that they weren’t confident in the software and didn’t want to risk hosing a bunch of accounts at once if their “fix” didn’t work.
I guess for most of us the numbers reported by GoDaddy were “close enough” to use for tax purposes, but it still worried me a great deal that it had so many weird quirks. Seeing the price of the competition, I guess you get what you pay for.
Moving forward, I’ll be using eBay’s own reports and my usual financial tracking/budgeting software to track business expenses that aren’t in the eBay reports. Like everyone else, there doesn’t seem to be a good, general-use tool for grabbing bank transactions, so I’ve been doing it manually. I’ll miss GoDaddy’s automation, but not having to spend a week at the end of each year trying to track down all the stuff it goofed up won’t be.
As I understand it, NFTs are just ways to prove ownership, kinda like having a title to a car, or a deed to land (if I’m using that term correctly.) Since NFTs live on the blockchain, the transaction/proof ownership can never be altered or lost. It can also be viewed by anyone since the blockchain is a public ledger.
The tragic misstep for NFTs was focusing on digital assets first, like JPEGs of “bored apes,” etc. You can literally just take a picture of it, LOL. That’s crypto for you.
I find it funny the podcast linked above has 30 ads on it.
The biggest red flag here was selling production samples from well-known shoe brands. Why even risk that? They were never for sale at any point, and were either 1) “walked” off the production line (stolen), or 2) Gifted to people who would presumably never resell them, who in turn sold them to this guy.
I put this in the other thread, but yes, GoDaddy is mishandling Ad Fee credits. Instead of being credited (listed as income, or as a negative entry under expenses), it’s just written off again. You can confirm this yourself by generating and checking an eBay transaction report, finding the line item for the ad fee credit, then copying the text that starts with “FEE-“. Next, go to GoDaddy and search your Income and Expenses for the credit by plugging that copied text into to the “Description” section. On my end, the “credit” is listed incorrectly under Expenses instead of Income.
I’m also jumping ship from GoDaddy
I don’t trust the data GoDaddy gives us anyway. If anything, it’s good for a quick glance and entering data by hand. Anything automated shouldn’t be trusted, especially after the issues they had with FedEx labels last year.
Case in point: They aren’t handling certain eBay credits correctly. If you sell an item via Promoted Listings, they correctly enter the fee as an expense, but if you end up refunding that order and eBay gives you credit for the promo fee, GoDaddy doesn’t enter a negative balance to reverse the fee. Instead, the amount is written off again, doubling your promo expenses. It’s $1.50 + $1.50 ($3) instead of $1.50 – $1.50 ($0.) This isn’t true for other credits.
Seems like something we should get an email about, right?
Didn’t eBay announce some kind of partnership with QuickBooks recently? Maybe I’ll give that a shot. I’ve already got my eBay data importing into another bit of software (FireFly III), but I’d like another cloud-based solution so I have redundancy.
Before July 2021, I carefully chose what got promoted and at what rate. In July 2021, I universally promoted my listings at a fixed rate and saw a huge, almost immediate boost in sales that has remained consistent through this year. Approx. 75% of my sales are now via Promoted Listings.
Hopefully we can crowdsource some stats here on the forum and see what’s up before the change happens. I’m promoting everything at 3% I believe – maybe I’ll try 1%?
What helped me with the annoying aspects of eBay (bad offers, returns, messages, etc) was turning off all notifications from the app and filtering all non-urgent emails to skip my inbox. Now I have a choice when I want to interact with eBay, and I find myself more level-headed in response to issues that pop up.
Appreciate the input and support everyone. This definitely gave me some motivation to deep clean my office and do some better labeling today.
Temudgin, you’re right on. At one point I said, “Hmm, I should wait until the morning to cancel this”, then talked myself out of it – “Why would it matter if I waited?” Then, 10 minutes later…
Ah, lesson learned.
