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Hey! Sorry I’ve been quiet this week- I’m not disappearing, just had some health issues that took out the bulk of my week and I’ve been covering the last 4 days for a coworker at my boring retail job.
Numbers for this week:
Items in store: 240ish
Items sold: 7 on Ebay, 2 of FB Marketplace
Total sales: $202
COGS: $5.25 (I’m doing a new thing for SL purposes. If I buy something as a lot at an auction I’m counting it as $0.25 a listing, even though individual items may be a little more or less. I don’t tend to do exact COGS unless its a thrift shop, moreso “this is what I spent on inventory total, this is what I made”
Total profit: $196.75
Average profit: $21.86
Average sales price: $22.44
New Listings: 0
Customer issues: Sold a Fisher Price toy train with rolling wheels. Buyer messaged that she was a little disappointed that one of the wheels came off, but she fixed it. I checked it before it went out and nothing came off (not to mention this thing has moved from one office, been packed, and unpacked, to another and a wheel never came off) Asked if she thought it was damaged in shipping, she said no, told her I accept refunds and that she’s welcome to send it back, crickets. Waiting to see if this turns into a neg or a neutral, she never sent photos or anything either.
No listing this week, but a lot of prep was done. The office is looking a bit like a war zone with piles of stuff quarantining, but today I pulled out and seperated about 110 new listings from an auction, so we’ll see how many me and the girlfriend can get through tomorrow while we are both off.
Sorry about the helper, but I think it’ll work out better with the 16 year old anyways. I was 15 when I started selling on etsy (illegal? probably. We’ve created all new accounts after turning 18) and I feel like 15-16 is the perfect age to know the process of how to list and photograph without needing the knowledge to price, etc. Whenever they start shipping, it might be a learning curve. My gen and the gen below me just don’t seem to ship out and know enough about the post office unless its core to the job.
Speaking of the post office, my PO box came up for renewal this week. Technically I just used it as a return address for when I worked out of my house and I didnt *need* it anymore now that I have an office address, but it was $50 to renew for 6 months, and I figure thats cheaper than buying a couple books of stamps each month to support the post office between now and election day. I’ll cancel in February, but for now it keeps at least a little bit of funding at my P.O.
Thanks all for your thoughts!
I feel alot better knowing that I’m not the only one quarantining things. It feels over the top sometimes. Also interesting way to hear about how other people are sourcing in the time of the plauge.
Just to clarify, the idea behind quarantining is not that your customers don’t get sick, but that you don’t get sick from listing items. My office is not public and only has myself and imeadiate family in it, so we don’t feel the need to wear masks. However, we try to contain stuff that could be contaminated to outer walls of the office (It’s like 30 x 15 ft open space, with shelves running in a column down the middle). This kind of messes with my overall goal of having shelves on every wall, but so far since I’ve moved in I’ve only filled 4 new shelves out of 8 with 2 more on the way, but hopefully stuff keeps moving fast enough that I don’t run out of shelf space before all of this is over.
Keep on keeping on, glad to know everyone is safe
L
Planning on listening tonight, but here’s this week
Items in shop:249
Newly Listed: 90
Sold on Ebay: 2
Gross Sales w/o shipping: 29.98
Average: 14.99
Highest item: MCM Bud Vase, no name, 16.99
COGS: Less than $1
Another slow week, but we’ve been listing like crazy. Have some more FB Marketplace sales keeping us afloat, though it’s more quick nickle than slow dime stuff. Tons of questions being asked this week about products, so hopefully will see some sales.
I put promoted listings at 1% on all my listings and the bud vase sold via promoted. Going to set a 10% sale tonight too to boost some sales for the coming week.
Listed 2 auctions worth of stuff in the last 2 weeks, and still chipping away at that estate from the 85 y/o. So far every box has had something in it to at least pay for the box, but it’s not the ROI that I’m looking for.
On the local front, I have two consignment booths in town that I use to cull down sub $20 items. One of my booths asked if I wanted to move downstairs to the main floor and get 3 shelving units instead of 1 that I have upstairs for the same price ($40 a month, no commission), so I moved all my stuff down and figured out I have about 5 shelves worth of space more than what I had upstairs. Lots of old lady smalls going to the booths this week. My other booth didn’t turn a profit this month, which is the first time it hasn’t, but I also only moved stuff once last month because of the wisdom teeth debacle.
Wisdom teeth are good, but I found a cyst so I’ve been out of commision for the weekend until I can go to the doc tomorrow. Don’t worry too much about it, its not the big C word, but it’s annoying regardless. I’d love for all this medical stuff to be over.
Thanks for the podcast! Excited to listen.
I send offers too, and it seems like more often than not I send an offer, and then recieve an even lower counteroffer. I wish there was a way to turn off “recieve counteroffers” when I send one.
There is money in the games, that’s for sure!
Welcome! Those are killer numbers, and I’d be curious what your COGS (Cost of goods sold) is. Regardless, awesome job.
This is so real. I moved from California to Illinois for college and have just decided to stay in my college town. The average house is 70k, theres a whole network of thrift shops and auctions near me, and its just a quieter place without big freeways and traffic. I love it.
Yes! We had a fun game of trying to figure out what the sign in was, and then I got on today and it had signed me out of scavenger life, but it all got figured out. I *love* having like 8 variations of the same password, not. lol
Do you have a link? I tried searching the name and nothing came up in advance search.
Woohoo for new items!
So, here’s my struggle after working with Wave for about an hour. It doesn’t look like it syncs to Amazon. Now, of course amazon works as like managed payments (I’m assuming) does, but right now it is qualifying everything out of that bank account as a business expense and makes it look like I profitted $500 this whole year. I would love to not pay for bookkeeping anymore, but I think this is going to be a stretch project to switch to wave. Godaddy has always had an issue syncing to some of my banks but I just haven’t used that feature.
Does wave give you a schedule c at the end of the year like godaddy does? I’m just seeing profit/loss, and I’m pretty sure those are different.
