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26 listings for me.
Vintage Treasures I like your challenge. I don’t think I could make it to 100 but I’m going to try something similar – maybe keep it to like 20 or 25 items at a time before I go thrifting again. I think that you getting to 60 items was quite impressive. Good job!
I didn’t get as much listed this week but I scavenged some great items, including a Hallmark Christmas ornament I currently have listed for $479.99. Here’s hoping it sells for full or close to full price and that whoever buys it, loves it and keeps it forever.
Amatino! What.The.Heck!? That was an expensive cat bite. I’m so glad you were smart and got it treated before it was too late!
My husband got the slightest dog bite on his face when roughhousing with our dog (husband’s fault, dog wasn’t expecting it.) It was really just a scrap from the dog’s fang but I insisted he get it checked at urgent care because I’ve heard how sometimes these things can take a bad turn, resulting in amputations, etc. The staff at urgent care treated us like we were weird for coming in but I wasn’t about to take any chances.
Well this is a make or break year for me as far as full time reselling. I dipped into savings way too much last year and can’t continue to do that so I have made it a goal to work smarter and double my profits over last year. I was able to do that for the month of January without creating a sweatshop for myself. But February is off to a bit slower start. I’m sure I can do it if I just imagine having to draft a resume, go on job interviews and work regular hours for someone else! I don’t think I can ever do that again! And with that said, I’m off to list. 🙂
Sharyn – I found a space on a wall and put up a heavy duty command hook so all I have to do is hang everything when I photograph it. If you don’t like how the wall color appears in the photo, the PhotoRoom app is free, fast and amazing! You open app, hit the “+” symbol, find the photo you want to have a white background and PhotoRoom creates a white background instantly. Then you just save it to your photos on your phone. It’s usually accurate and the best app I’ve found in quite awhile. I usually just do it to the first photo I’m going to display in my listing and the rest I leave as is, but you can do all of them if you want. Here’s one of my listings using it. You can see the other photos in the listing I kept the background as is.
23 listings for me.
My #7 goal for February is to list all of the unlisted items currently sitting in the laundry basket. But first I need to clean everything out of the way in order to get to it. I’m working on that now.
I have reseller whiplash from how quickly my sales hit the skids this month compared to last. A big reason is I haven’t listed as much due to having spent weeks taking inventory (my county tax assessor sent me a letter that I am to be taxed on my inventory – boo!) But as of this weekend I’m back to listing regularly.
I had a good estate sale haul yesterday, even though I waited until the last day of the sale. It was the estate of a couple who specialized in dealing Haviland china. I think everyone was spending so much time looking at the china sets that they walked right by all of the money items sitting in the driveway. The last day everything was 75% off. I only bought 7 things, none of them china. Each item cost between $5 and $20. 5 of the items should sell for around $150 each and the other two should be around $60 to $75.
About two years ago my local Goodwill started to individually price every single item. Before that, it was a fixed price: every shirt $5.99 each, shoes $6.99 each, with the exception of a few higher end items behind the counter. They have taken the “every item gets a price tag” policy to the extreme – for example they will get a box of Xmas cards and individually price every single card with a sticky price sticker stuck right to the card. Someone donates a bag of old cabinet knobs – every single knob has a price sticker on it. It has really trashed the store shelves because items are no longer kept together in bags and boxes. The toy aisle is especially crazy – every single toy has a price on it rather than like-items being sold as a set. It’s made it too expensive and hard to find items that should have gone together. I’m hoping this policy doesn’t last much longer.
I listed 11, which is half of last week’s total. And last week’s total was half of the total from the week prior. I have some listing to catch up on, to say the least.
Amatino I love looking at other people’s ebay spaces. I geek out over shipping supply organization especially. 🙂 My space currently looks like a cyclone went through it. Once inventory is done, I will get the room under control.
January challenge – if I put my head down and get at it I can complete it today. I need to shut out all distractions and just do it!
My goal for the year is to double my profits. So far so good, exceeded my goal for January and that’s even with not posting much the last few weeks due to taking inventory. Ebay has always been my #1 and Poshmark was a distant 2nd, usually accounting for 10% of my sales but this month Posh has been on fire and accounts for 34% of my January profit. I’ve been crossposting some stale ebay items over there. Some items that have sat on Ebay for years have sold within 24-48 hours on Poshmark and for more money!
I’m still not impressed with Mercari however. Since I’m already paying for ListPerfectly to crosspost to Poshmark, I figured I may as well crosspost some things to Mercari as well as it won’t cost me anything and doesn’t take much time. I hate that nearly every field is a drop down menu. And everyone wants me to sell them my stuff at a loss. I’ve also had issues with their shipping not updating tracking info until after the buyer receives the item which has caused some issues. I’ll give it another month or so but I may bail on Mercari.
Amatino, I looked into Easy Auction Tracker after a recommendation from another thread in these forums and it looks like a great tool! I was all set to shell out funds to purchase it when I discovered it is not compatible with Apple products. Booo! But, I have a decent spreadsheet so as long as I remember to enter new purchases it should work okay.
I’m sorry I ruined the surprise Vintage Lacy and Amatino! Last night I finally went thru my emails and read the one from Amatino requesting we not post a picture of the prize until everyone got theirs. Oops! Sorry, y’all (insert cringe face emoji here).
I’ve been taking inventory due to my county assessing a tax on all inventory on hand this year. I never kept a running total of inventory – I logged my COGs at the time I sold something. The original cost I keep on a little sticker on the item. Its been taking me forever but on the plus side, I’ve been adjusting prices, getting rid of some of the bad buys that have haunted me and been listed forever and cross posting to other platforms where some things sell better. I’ve been doing this while also trying to double my profits over last year. It seems the magic number of new listings to keep the sales coming in at a good volume for me to reach my goal is 40 new listings a week. I’m amazed at resellers who claim to list that many in a single day! I feel like I would be drowning in money if I was able to list that much in a day.
While Ebay is my main platform, Poshmark has really taken off this month, giving me my best Poshmark month since I started posting there back in June 2020. I’m assuming perhaps people got Poshmark gift cards over Christmas. Or people have realized how much cheaper Priority postage is over there compared to other platforms – $7.65 Priority up to 5 lbs no matter where in the US it ships.
22 listings – which is half of what I’ve been posting so far this year. I’m still taking inventory – I really need to get my butt in gear or I’ll never finish. On the bright side I am feeling good about removing some very old stale inventory that were bad buys to begin with. The thrift store I donate to is probably wondering why they are suddenly getting an influx of bubble wrapped breakables and individually poly-bagged clothing items.
I recommend watching this short YouTube video by Not Your Dad’s CPA. The video is specifically about calculating COGs on personal items. He posted the video just 2 weeks ago so the info is up to date. He is a reseller and also a CPA. He sells an online accounting/tax course for resellers but you can get plenty of free information from his YouTube videos and from the free Facebook group he has where resellers ask and answer accounting related questions.
