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Welcome back Kate! Assume the school job is on hold for now.
Things havent changed much on eBay. People still buying weird stuff.
On the topic of draft listings. I often have more than 100 drafts. I’ve not been able to find any official info about how many drafts are allowed. (I have an anchor store). I occasionally bump into the draft decay problem where photos start to disappear off the listings. I wish ebay would fix this to allow us to keep drafts for longer. Especially for people paying considerable monthly fees.
I’m not sure why eBay doesnt just have a set expiration date on drafts. As someone who works with software, you must have an idea why? Maybe just a barely held together database structure?
Those kinds of auctions are so very rare. All good stuff and very few people. I always go all-in like it sounds you did.
Here’s a comment from someone on Youtube on this week’s podcast:
AJ Moose
We had a Salvador Dali print back in 2011. Sold for $10,800 on eBay. It can be done. Mad props to debits and credits for finding several while thrifting. Issue print Date: 1976 Title: American Clock “Timeless Statue” from his “Time Suite” Artist: Salvador Dali 5/11/1904-1/23/1989 Style: Lithograph – Surrealist style featuring his soft watch theme as the face of the Statue of Liberty. The soft watch was a common symbol for Dali, time was relative, not fixed. Notes: 30 EA (artist edition) were printed. Dali has boldly signed the piece in silver point pencil in the lower right hand side of the piece. Size: Art only 20.25″ by 29″, framed size 29.5″ by 39″ Condition: several creases are noted in the heavy stock paper the largest in the bottom left corner at 6″ long. Gold tone frame.06/28/2020 at 7:51 pm in reply to: What percentage of your inventory do you sell every month? #78828That’s incredible. Well done.
Do you think you can keep up that level of scavenging and quick flipping over the long term? Or do you have an exit plan where you wont be needing to always find inventory since its always selling so fast?
I think a retail space always sounds good, but I think we sell online for a reason: able to work when we want and when we dont want to.
But we’re also starting a coffee shop soon, so we’ll see how we like those hours.
Welcome to another UK member. Sounds like you have a real eclectic mix of items for sale on different platforms.
–Do you have a physical retail store as well?
–How is this working out fo you?
–Is it more for storage and a place to photo/list?
–Or do you actually make money from in person sales?I’ve never heard of another online marketplace to sell expensive art in a safer way. Unless you find an auction house with an online component.
We’ve tried selling art at auctions. They want an up front fee just to list in their catalogue. You lose that money if the item doesnt sell. Then they want 19%-28% of the hammer price. Good news is that once the auction is done, the buyer cant return it.
We used to be scared to sell items on eBay that were “expensive”. In the days of selling items for $9.99, we were scared to sell items for $200. Now we realize that $10k isn’t really like big a deal on eBay. https://www.ebay.com/sch/i.html?_from=R40&_trksid=p2334524.m570.l1313.TR12.TRC2.A0.H1.Xgold+coins.TRS0&_nkw=gold+coins&_sacat=0&LH_TitleDesc=0&_sop=16&_odkw=antique+painting&LH_Complete=1&rt=nc&LH_Sold=1
Sounds like you’re on an adventure which is why we love scavenging. We find weird things and then get to learn about them + figure out how to best sell them. I’d love to hear what you figure out. Hope they each sell for $10k!
06/27/2020 at 2:50 pm in reply to: What percentage of your inventory do you sell every month? #78795Yep, its a personal equation we each have to choose.
We really like low risk on eBay. I can’t imagine buying tens of thousands of dollars of inventory hoping it sells. But I can spend a couple hundred bucks knowing we’ll make thousands of dollars over the long term.
On the other hand, we spend tens of thousands of dollars up front on renovating buildings, hoping we’ll make money on rent. Each of our risk tolerances are different.
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This reply was modified 1 year, 2 months ago by
Jay.
06/27/2020 at 11:59 am in reply to: What percentage of your inventory do you sell every month? #78792Yes, this is a very important point. Its the “wholesale model” or what we think of what many big Amazon sellers do.
I love the idea of finding a handful of popular SKUs, find a wholesaler with unlimited quantity, and then just sell. Re-order when I’m running low. What a life.
My fear is the wholesaler would run out of inventory, or other sellers would move in on my SKU’s and push the price down so far its not profitable. Then I’m always chasing new SKU’s. But that’s probably just the game.
Old Dad, do you have an eBay store with 32,000 individual listings? Or you have 3000 individual listings, but 32,000 items in your inventory since you have multiple quantity?
06/27/2020 at 10:52 am in reply to: What percentage of your inventory do you sell every month? #78790Yeah, this is the endless debate we have in the community. It all depends on how you want to run your business.
To keep getting high quality inventory that sell fast, I assume you’d need to spend a lot of time scavenging and/or pay up for items.
We definitely are the poster kids for “lazy selling”. We source once or twice a month to buy a truckload of stuff. We pay as little as we can for items, seeking out items no one wants. Risk is very low. We list and forget. Stuff sells when it sells. We have consistently made enough each week to pay our bills. This buys us our time to live life.
But if you’re motivated to always be sourcing, you can be much more in control of your sales.
Yep, I wish your interpretation was true because we’d save several thousands of dollars per year. But it’d be a dumb business model for eBay 🙂
eBay caps the total FVF for a single item. If you sell an item for $10k, they will only take a certain amount. So only helpful if you sell very expensive items.
06/27/2020 at 9:15 am in reply to: What percentage of your inventory do you sell every month? #78784It’s awesome that you can sell all your items so quickly. That’s the dream store. You must have a really good eye and/or access to really sought after items.
How much do pay for your items? I often see that people who sell items quick often pay more for their items. What’s your average net profit per items?
I think I understand your thought, but I’m not sure what you say is true.
We have an Anchor subscription and paid $795.87 in final value fees in June. Are you saying our fees should be capped at $350 and we paid $450 ore than we should?
Where on eBay.com do you see your assertion documented?
06/27/2020 at 8:41 am in reply to: What percentage of your inventory do you sell every month? #78779It’s an interesting question, but I think it can be a loaded question.
How long have you been selling? I’ve seen sellers have high sell-through rates in their early eBay careers, but then they see their inventory grow and sell-through rate lower over time.
Why? Because not everything sells quick so inventory stacks up. Doesn’t mean they don’t make good money each month. Some items just take time to sell.
Some sellers choose to keep lean and mean by dumping inventory if it doesn’t sell in 90 days. But many long term sellers realize that everything eventually sells. As long as you have proper storage, might as well build up the inventory. No downside.
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This reply was modified 1 year, 2 months ago by
Jay.
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This reply was modified 1 year, 2 months ago by
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