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I like the “buy and hold” strategy for stocks. Buy stocks that have value and be willing to wait. Don’t waste energy timing the market.
You’ve heard us discuss a million times its the same for us with scavenging. We value finding items for cheap because when they do eventually sell, we always make money. This makes more sense than paying big money for items and selling quick for a slim margin. That’s too stressful for us.
But I do like Retro’s experiment. He knows our game so it’ll be interesting to see if he can move the needle at all.
By the way, I’ve seen less and less of the big Amazon sellers (or maybe I just dot see them). Is dropshipping still a thing or did that business model die out?
my only only other hypothesis is that covid forced in-person auctions online and collectors have now realized they can sit at home and collect/hoard. These are people with enough money that they can just buy.
Unless we have a big day today, we may have the slowest week we’ve had in a long long time.
Because I was in the city, I bid on a bunch of items at an online auction. I only won two lots because prices were simply insane. I have no idea who’s purchasing these lots. I cant imagine its resellers. If so, no idea how they can make money.
I’d keep an eye on it. The mobile app often changes so difficult to know what permanent. eBay does continue to simplify the mobile app.
I love to hear your updates. Do you think items your listings are traffic generators? I dont follow my eBay traffic but I bet its garbage. We got weird stuff!
the point that I wanted to make was that the town is not building affordable options for the first time home buyer, only rentals.
Understood. Building only rentals isnt great.
This morning there is an article in the Wall Street Journal about owing taxes selling on eBay and how more and more Americans have a side hustle.
It does seem to be more normal to sell things on the side, or offer services for money. Whats surprising all these new people is that you have to pay taxes on this income. If these side hustles become businesses.
Even though all my listings have best offer, I think many buyers are intimidated by the offer system. I’m rechecking comps on some since eBay is providing better data.
For items that have stuff competition with clear prices (especially collectibles), I think most buyers skip over “make offer”.
“Make offer” works best for us when our item is better quality, or we provide more photos, than the competition.
Those are good numbers! Probably a better sell through rate with a 300 item store than us with a 9000 item store!
Its exciting that your daughter is part of your team. Look forward to seeing how your daily listing experience works over time. At the end of the day, it cant hurt!
We’ve never done a house clean out, but it might be fun if its not all trash.
