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my experience has been that a markdown sale of 20 to 30 percent combined with sending an offer to the watcher of an additional 10 percent off has a very high sell through rate, anecdotally something like 1 in 3.
So you’re basically doing 40% off sales? Do you just raise the price high and then give a discount so its a normal price? Or are you actually selling 40% less than your competitors?
Glad we had this time together. Ultimately we have no idea who any of you are, but feel like we made friends. It’s fun to see how those of you who shared your lives each week have built systems to have a good life. Sharing info is how we all make it through this wacky world.
It must be so easy to sell two $1000 items in a week and make $2000 for just a few minutes work. But that’s much less repeatable than an average sales price of $37.47. There are far more buyers out there with a weekly budget of $20 to $200 than a weekly budget of $1000 and up. So my philosophy (learned from our beloved podcast) has been to keep listing and eventually the buyers find you. And in doing that, you’ll get an odd high priced sale here and there. But build up the store and the $20 and $40 sales will add up over time.
Agreed. We lived through the “get rich on amazon” era where sellers could find items to sell quick and make big money. Never seemed sustainable to me because the pipeline wasn’t repeatable. Just a different way of making money. We like the consistency.
Thanks for all your support over the years, both in the tip jar….but more importantly on the conversations here. Always enjoy reading your deep knowledge of topics from being a scavenger pre-eBay.
Has anyone seen a difference in sales when using Promoted Listings Vs Coupons Vs Sales?
Just seems like its all about selling stuff cheaper 🙂
I’ll be over 30,000 by the end of today.
!!!!!!
Are you seeing sales grow as you list more? Or just more consistency? Or more possibilities for “big sales days”?
This is helpful. A real experiment!
So do you think you’ll end/relist every quarter? or every month?
I always like your weekly wrap ups and ways to improve. It’s all about little successes each week.
Are you finding that online auctions in your area (which we kind of share) are still crazy high? I havent looked for about three months now.
Yeah, the good news is you can go back and forth between items you like. Your listed clothing inventory will keep selling as you start listing hard goods. It’s all deferred income 🙂
That’s my nightmare anxiety attack of not being able to breathe. Glad your progress is improving.
Ha! Yesterday was one of our busiest days in the past four months of being open. Everything else was closed so we got all the business 🙂 Glad you were willing to wait in line. (We’re usually the afternoon crew who helps clean up)
Yes, West Virginia and Virginia are beautiful rugged states. No good North-South highways.
Luray has a lot of potential and we see it only getting better.
Ha! Yesterday was one of our busiest days in the past four months of being open. Everything else was closed so we got all the business 🙂 Glad you were willing to wait in line. (We’re usually the afternoon crew who helps clean up)
Yes, West Virginia and Virginia are beautiful rugged states. No good North-South highways.
Luray has a lot of potential and we see it only getting better.
That’s it! These eBay sellers are like walking into junk shops where the sellers don’t really want to sell so they price everything super high. Maybe its a form of hoarding with a great cover story?
At one of these stores, I remember being willing to buy an item at their price, and he decided he didn’t want to sell it.
As an experiment, I’ll post out weekly numbers to the blog to start a new thread. I still like talking about eBay: https://www.scavengerlife.com/2021/09/new-beginnings-but-just-the-weekly-numbers/
