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Godaddy Bookkeeping has felt in decline for at least the last couple years.
We moved over to Quickbooks after using it for our coffee business. More expensive and a bigger learning curve, but it is supported and does everything.
It’s sad seeing this group slowly die. Less and less people post numbers each week. I’ll keep posting because it is good accountability for myself. Hopefully others will too.
Yeah, having been a part of numerous online community, it’s natural for them to come and go (unless you monetize the community and then it becomes something else).
We remind ourselves that our business has to keep chugging along no matter what. It’s fun to have community, but can we stay focused and motivated without it? This is the unglamorous part of on line selling.
I’ll be here as long as someone else keeps posting. It’ll be me and you 😉
Hey, I have no idea why things change from week to week other than its the randomness of our store. All we can do is have stuff out there ready for the right search term 🙂
If you’re making almost $4k a month on eBay, how much would you need to be comfortable and not have to take other work?
Are you a single income family?
Congrats! You’ll learn the right amount of listing that keeps you from burning out. Keep plugging way.
His statement has always been true IMHO for clothes and commodity items. If you’re one of 1000 of the same item in search, you have to compete on price, free shipping, etc.
Our “list and forget” only works when you’re one of 100, or one of 10 items in a search. Weird, vintage items. People who sell cheap get taken out of search quick with no one to replace. Also, quality matters for weird vintage items.
We interviewed a clothing seller way back when who sold clothes. She cranked. She sold 30-40 pieces a day, but her average gross selling price might have been $12. The definition of a grind for us. The more she sells, then more she has to always be sourcing cheap clothing to list.
Do you know what the average selling price is for Technsports? I always wonder what the equation is between COGS, paying helpers, storage/office costs.
Retro, I think you have a great system. You’re a one person operator. Large inventory. Low overhead. Make between $600-$1500/week. Could you grow this without spending more time/money on operations?
Can you ship guns? Or just local pick up? Or do you have to go through an FFL dealer?
Do those guys have an end goal? Like make enought to pay off the mortgage or save $500k to retire?
Or are they just selling to sell and then just keep selling? I know we need eBay to be a means to an end (investing in assets that make us money semi-passively).
The more you can be a robot about listing, the more money you’ll make. But I think that’s the real challenge: can you be motivated each and every day for a chunk of time, especially if you’re listing items that are “boring”? This has been our struggle for over a decade.
For us, we had to be honest that “boring items” would paralyze us. That’s how we came up with Death Piles: items we know would sell, but we couldn’t get motivated to list. I guess we each have to figure out a system that you can keep up with.
I really have a lot of admiration for people like technsports who just crank day in and day out. Very dedicated.
Im also impressed that they created a community here: https://www.patreon.com/theresellerspodcast
2100 members!15% is really quite a big piece of the pie. Even crazier that Etsy also includes shipping.
Still in the middle of my life transition. All is well.
Time takes time. Glad you checked in.
