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Oh crud, summer has hit!
Total Items in Store: 270
Items Sold: 3
Cost of Items Sold: $4
Total Sales: $35
Highest Price Sold: $18.50 Vintage FP letter/stamps toy
Average Price Sold: $11.50
Lowest Price Sold: $5.99 Chico’s jacket
Returns: 0
Money Spent on New Inventory This Week: $0
I will continue to have low sales like the Chicos. I have so many Chico’s. Stuff originally sells for $70-80, you would think it would resell well. I bought lots of it. Won’t again, but in the meantime I have a closet full of $6 Chicos items that I’m slowly listing.April 3-9
Total items in store-257
Sold 4
Total sold: $272
COGS $183*
Highest Price-Vintage Caviar sparkly eyeglasses $152.50
Lowest Price-Liz Claiborne faux leather bag that had been mine-$14.99
Returns 1 They opened a case. Almost fought it when I realized that I had shown but not mentioned the Reebok insert in the Asics shoe. Just accepted should get it back today.Spent on new merchandise $14 Red Wing Shoes and more Eyeglasses
The 2 pair of eyeglasses that sold were bought in a lot for about $180 a few weeks ago. I put several of them up for auction because I wasn’t totally sure of the price. 3 never got a bid. One sold for $50 and the last one had a bidding war between 2 people that brought it up to $152. I think I’ll keep starting with auctions with the glasses until I have a better sense of worth. Then I can switch them over to BIN when the auction runs out. I have 6-7 other pairs of eyeglasses to sell, but I think they will be in more of the $40-50 range than $150.
Decent sales # for me but would have been scary if someone hadn’t spent $202 on eyeglasses
I would have had a poor week, but I sold one great item. Makes all the difference in the world.
Total Items in Store: 251
Items Sold: 5
Total Sales: $473
Highest Price Sold: $425 Alden Shell Cordovan Shoes were branded by Nordstrom as well as Alden. I had them up for $549 and considered this best offer to be a good return for my investment of $10.
Lowest Price: Banana Republic shirt Won’t buy again unless it’s new
Average Price Sold: $94
Returns: 1 that the PO said went to a vacant address. What do I do with this?
Money Spent on New Inventory This Week: $1 Too many death pilesAnd it SOLD! Originally I asked $499 and got tons of attention. Ran a 10% off sale. More attention at $450. No sale. Someone asked if I could go lower right before I added Best Offer. I moved the price up a hundred to $549 with BO and boom. The go-lower-guy comes in at $425 and I took it. Thinking I should net about $300. Yes indeed I sell used shoes. Where’s the next pair?
Up to 8250 views. I got impatient and went with best offer. I’m starting to get nibbles and questions, and offers. It’s nice but why did I rate that number of views? It’ll probably sell this weekend from best offers, so I guess that’s better than waiting a week.
For everyone that thinks, “I never find anything like this,” these are the only pair of Aldens that I’ve ever touched. Got it the second day, markdown day, of an estate sale in a townhouse garage. Beats total sales of $65.
Jay, Where on Amazon is the site to compare ALL my listings to the lowest price? I’m trying to do a similar type of fire sale on my books. I know how to look up each individual book and compare my price to the lowest price. But it doesn’t sound like you took the time to do each individually. I’d love to do it en masse and be done. Thanks
Wow, lots of good comments this week. I like the idea of seeing someone’s lowest sale too. My lowest was an auction that I meant to list for $9.99. Except I forgot the first 9. And yes I sold a Chico’s sweater for $.99. Bagged it, shipped it out and I’m glad it’s gone. Highest sale-$89 Allen Edmonds. I have started to put all my lifeless listings on auction. It means I’m selling the items that I bought 3 years ago for $6-12, but these are items that I wouldn’t look at now. I want them gone. They are slowly selling. On weeks when I didn’t sell much, Ebay still sees these as sales, so I think it helps my other listings. I will keep listing these low items cuz I have piles(rooms) of them.
Shopping Hiatus I still let myself shop, but I’ve become very strict. If it’s a great buy, but I have something similar at home that’s unlisted, then I pass. 9 trips to thrift stores=one item to resell. I’m learning.
Amazon I’m reducing the price of my FBA almost daily. I think I’ve sold most of the good stuff, I am trying to break even before I have to face a loss on the remaining books
Beth, I am a very slow lister, don’t feel bad. Not unusual to spend 30-45 minutes. Now some of the research is that business or just plain fun?
Restocking-I have a 10% fee. I think I would take less on the return of the necklace. Now off of the boards and back to listingThe experiment that paid off for me was keeping up the Christmas items. Who buys a Grinch tie late on Christmas Eve? My kids think the purchaser was drunk, but they haven’t contacted me and it heads out today.
I’ve limited myself to 1 reselling purchase in 6 trips to thrift stores. Death piles are still too big.
Highest sale- leather Dooney & Burke bag for $63I had my most expensive sale ever! Sold a McIntosh pre-amp for $700. Wish I had a quarter of Steve’s expertise in electronics. I have 4 other electronic items that I picked up at the same estate sale. Not sure how to test them. I turned the whole set on at the estate and it sounded good, but that’s the extent of my knowledge.
I spent $1000 at the estate. I’m still in shock. One successful purchase has been an Omega 8004 Juicer. It worked fine, but I decided to piece it out. Smart move, I’ve sold 6 parts from it for $165, which is more than it could have sold whole. Still have parts listed.
Question???? So what’s best to list now? My closets are brimming with toys I meant to list before Christmas. Summer, winter, men’s, women’s, kid’s clothes. Many of these I would not buy again, but they will probably sell for $5-15 each. I have 3 bins of ephemera. Bins of shoes, fabric, vintage airplane parts, vintage everything….. So any obvious logic of where to start?I feel like I’m running 2 stores in one. The more promising items are the recently purchased things-like vintage McIntosh audio components or Allen Edmond shoes selling for $95. However, I am digging out from 2-3 years of buying stuff. The bins can make for dumb purchases. Stupid stuff that will only net $3-15 each. Way too much. I’m listing both, but the RL men’s shirts and other items that I shouldn’t have bought are being reduced drastically and are on auction. Some of it is walking out the door for $5 and that’s ok. It’s already written up and even very low sales has to help with my other listings.
Hopefully in a year or two the majority of my stuff will be items that yes I would buy again. Like the McIntosh components2 political points as short as I can make them
1) We need to listen when we talk politics. A very good friend of mine was torn going into the primary election between… Are you ready for this? Between Jeb Bush and Bernie Sanders! She liked and respected both of them. I could understand liking one or the other, but not both. So I asked questions. And listened. From her point of view it made sense. We need to listen.
2) As scavengers we source all over the place. Very few of us buy just from GW or just from garage sales. Likewise, I scavenge my news from multiple sources. On the night of the election the clicker was moving from BBC to FOX to CNN to MSNBC. We were online with a number of other sites. Sticking with just one news media makes you noseblind (or actually ear & eye blind) to their perspective. Definitely in the liberal or conservative camp? Make yourself watch FOX or MSNBC for 20 minutes. You might learn something.
Ebay was much slower this month than last month. Best sale this week was an Eileen Fischer sweater for $34
