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2019-07-07 – 2019-07-13
Total Items In Store: 3031
Items Sold: 18
Cost of Items Sold: $65
Total Sales: $676.38
Highest Price Sold: $140 (CD Changer)
Average Price Sold: $37.58
# Items Listed: 0
Money Spent on New Inventory: $82I haven’t posted in several weeks because I have been on vacation.
Gut Sales Report for the week: Pretty good sales for my store for this time of year. Plus, I just got back from a long vacation with just some listing.
Challenge of the week: Trying to get items listed by the end of the summer to build up the store. Shooting to go to an anchor store by the end of August.
Scavenge of the week: Bought a Sony Super Betamax from the Thrift store for $12.99. Works great and will list high.
Scavenge of another kind: While I was on vacation in Florida, I was invited to go to a dig for Native American artifacts on private property. I got the opportunity to dig for 3000 year old arrowheads. I didn’t find any fully intact “points” as they are called, but I was able to find a number of tools that were used. It is quite incredible to take something out of the dirt that may not have been touched by human hands for nearly 3000 years!
Mark S
Jay & Troy,
I think part time sellers see workers differently. We are so overwhelmed with regular work, family, and our eBay business. Getting workers is a great way for us to grow because our hours are very limited. But the basics are still the same: stay engaged and know what is going on. That seems to be a recurring issue on the show “The Profit” (which I love to eatch by the way). These people seem to get them selfs in a bad place by not being emgsged with what is going on in their business.
Mark
06/20/2019 at 10:52 pm in reply to: Answers on Finance, STR, and ROI to Mr Vintage Estate Liquidation from eBay #63813Good example Troy, thanks for the analysis.
Mark
I thought about this in case this became an issue ir Something I wanted to do.
My best idea for this was to purchase 2 26’ uhaul like trailers and put all of my containers in them.
Then, when you get to the 2nd location, you just keave the majority in the trucks if possible. Then just pick items from the trucks as they sell AMD you ship. When it is time to move back to the 1st lication, you are already Packed and ready to Go.
I would drive one truck and my wife could drive the other.
May have to fly 1 way 1 time to get a vehicle to location 2.
This was the best I could come up with. Optionally you could unload the truck at each location bit with my inventory size, that would be a ton of work and require St least 2 trip to the Chiropractor!
The main down side for this plan is the cost of the trucks up front. But, if you bought good used trucks, you may be able to get 2 of them for around $25,000 which would pay for itself in a short smoust of time.
Mark
06/16/2019 at 8:01 pm in reply to: Scavenger Life Episode 415: Importance Of Being Honest As A Business Owner #635382019-06-09 – 2019-06-15
Total Items In Store: 3016 (was 3013)
Items Sold: 18 (16 ebay, 2 Bonanza)
Cost of Items Sold: $ 60
Total Sales: $ 680
Highest Price Sold: $ 170 (Betamax vcr)
Average Price Sold: $ 37.78
# Items Listed: 19
Money Spent on New Inventory: $ 36Gut Sales Report for the week: Sales were ok. Big surprise was the activity on Bonanza. 2 sales and a few inquiries. Hope that keeps up.
Challenge of the week: Trying to get items listed.
Scavenge of the week: I went to a thrift store that I hadn’t been to in awhile. They had a much better selection now of non-clothes and got some really good items.
Mark S
Brian & Mike,
Yes, I just use the default message also.
I am giving about 10%- 20% discount.
Mark
Brian,
Yes, records are gaining popularity. But for the general public, I would say most are streaming music.
Mark
Mike,
Summer is busy as it is. But now you are in survival mode. Looks like carry out pizza and Chinese for a while!
The Fall would be a good time for Sixbit video or hang out.
Mark
Jay,
I get it that you gave them away, but seriously, who listens to records anymore these days? Well, people here do and some buyers on eBay do, but the average person hasn’t listened to them in a very long time if they haven’t already tossed them. That is most likely – they tossed them.
Mark
Mike,
This is the “problem” I always seem to have. If I stop to make things better and fix things that are broken or not quite right, then I take for foot off of listing and sales go down. I don’t mean small things you always do, just more major like you mentioned – changing over to Sixbit. So, I don’t get major things done very often.
If you or Troy could do a video or hangout on Sixbit, that would be great!
Mark
Jay,
Maybe see if you can find your friend and see if he stills has the records. A shot in the dark, but who knows. At least you can get in touch with an old friend st the very least,
Mark
I became a fan of sending offers this weekend in eBay. I heard Ryanne talking about it and wanted to give it a try. First time I did about 25 offers on items about $50 and up. Nothing. Then I Sent about 30 offers on items $36.99 and up. Bam! Got a sale on 1 within a few minutes. Then 2 more sold by the next morning.
This is great because this is a way to boost sales. Plus, it is good physiologically, because it makes you feel like you can directly do something to help sales.
Mark
2019-06-02 – 2019-06-08
Total Items In Store: 3013
Items Sold: 16
Cost of Items Sold: $ 60
Total Sales: $ 606.89
Highest Price Sold: $ 70 (Boombox)
Average Price Sold: $ 37.93
# Items Listed: 15
Money Spent on New Inventory: $ 275Gut Sales Report for the week: Sales were sparatic. Higher priced items still selling.
Challenge of the week: Trying to get all of the great items I bought this week listed.
Scavenge of the week: The story again this week was subdivision wide garage sales. I am finding great items at these sales. I found 3 items worth close to $200 each that I paid $20 each for. These $200 items are similar to others I have bought before, but just a little different to be worth a lot more. Well, one of them was completely out of my wheelhouse and a new kind of buy for me. It was a new bathroom marble sink in the box. I remember R&J talking about something similar, so I looked it up and it was worth a lot. Found out later it is close to $200.
Mark S
Daisy,
I think you are sitting on a gold mine here. Conservatively, you have 4k – 5k worth of product.
I would be entertaining offers in the 2.5k -3k range for all if I were in this situation.
If you take the time to list in small lots and the expensive ones individually, you may realize 5k or more over time. This is one of those great pipelines that you now have. I have learned from R&J the art of listing items individually (if it makes sense) from a large set and realizing the full potential over time.
Mark
My theory is the more sales \ stores you go to, the better your chances of scoring big.
I haven’t had a haul quite as good as this, but about every 6 months or so I get a great cache of items to buy.
ABB – Always Be Buying!
Mark
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