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Jay,
I think it has been more than successful so far.
I only have about 1800 vintage items, so ebay will always have more inventory listed. The 1800 is only about 38% of what I have on ebay. But, I am thinking that Etsy will end up with a higher STR than my ebay store. So far, the Etsy STR is way higher.
Mark
Jay,
Yes, same items listed in my Etsy store are the same as those listed in my eBay store. And, the prices are identical.
01/29/23 – 02/04/23
Total Items In ebay Store: 4668 (was 4656 last week)
Total Items In Etsy Store: 595 (was 564 last week)
Total Items listed: 5,263
ebay Items Sold: 5 items for $ 269.52 Net $ 206.96
Etsy Items Sold: 9 items for $ 408.99 Net $ 318.86Total Gross Sales: $ 678.51 (including eBay\etsy fees, shipping, and taxes)
Net Sales: $ 525.82 (minus shipping, and taxes)
Items Sold: 14 items
Highest Price Sold: $ 100 (Plate)
Average Price Sold: $ 37.56
Money Spent on New Inventory: $ 54Number of items listed: 26 ebay, 41 Etsy
Gut Sales Report for the week: Well, this is a first. My Etsy store beat ebay hands down with only 13% of the number of the number of items listed compared to my ebay store. This is the slowest week for my ebay store in recent memory. And I was listing on ebay.
Focus for the week : Just getting listings out there.
Scavenge of the week: Picked up a nice vintage London Fog Leather Trench Coat.
Thoughts for the week: Etsy saves the week!
Mark
Retro,
As I replied to Jay, my total ebay fees are closer to 20%. That is why other sites are looking even more appealing. I will not be doing much promoting. I have stopped Etsy ads.
What “deduct daily life” things do you have in mind? I have the normal deductions, but do have more creative deductions?
Mark
Jay,
I found that when I added up all my ebay fees, including my store subscription, it came to 19%+, real close to 20%. Not too much I can do, except I will not do much more promoting. For Etsy, I removed the Etsy external ads. The ads charge you 15% of both the price and shipping. This is not worth it to me.
Yes, trying to minimize federal taxes. Looking for all deductions I can find. I am also looking into doing a SEP for an IRA. This will reduce my taxes, but will require a cash outlay.
Mark
01/22/23 – 01/28/23
Total Items In ebay Store: 4656 (was 4649 last week)
Total Items In Etsy Store: 564 (was 520 last week)
Total Items listed: 5,220
ebay Items Sold: 22 items for $ 978.49 Net $ 858.49
Etsy Items Sold: 4 items for $ 150.01 Net $ 112.96Total Gross Sales: $ 1128.5 (including eBay\etsy fees, shipping, and taxes)
Net Sales: $ 971.45 (minus shipping, and taxes)
Items Sold: 26 items
Highest Price Sold: $ 125 (hubcap)
Average Price Sold: $ 37.36
Money Spent on New Inventory: $ 62.50Number of items listed: 31 ebay, 50 Etsy
Gut Sales Report for the week: ebay felt slow, but was better than last week. With help from Etsy, I was able to do just about $1000 in net sales.
Focus for the week : Just staying afloat.
Scavenge of the week: Got some old smurf figures and the pre-cursor gnomes. I will have to do some more research to see if there are any good ones.
Thoughts for the week: Fees and taxes sucking up a lot of my profit. Trying to minimize both of these right now.
Mark
01/15/23 – 01/21/23
Total Items In ebay Store: 4649 (was 4643 last week)
Total Items In Etsy Store: 520 (was 500 last week)
Total Items listed: 5,169
ebay Items Sold: 19 items for $ 821.53 Net $ 703.97
Etsy Items Sold: 6 items for $ 205.25 Net $ 151.94Total Gross Sales: $ 1026.78 (including eBay\etsy fees, shipping, and taxes)
Net Sales: $ 855.91 (minus shipping, and taxes)
Items Sold: 25 items
Highest Price Sold: $ 80 (coat)
Average Price Sold: $ 34.24
Money Spent on New Inventory: $ around $250Number of items listed: 24 ebay, 44 Etsy
Gut Sales Report for the week: ebay was about the same as last week; just average. With help from Etsy, I was able to do over $1000 in gross sales. Etsy seemed slow and it did have a low ASP. However, for Etsy, I had an average of 506 items listed for the week. I sold 6 items. So, 6 for 506 is about a 5% monthly sell thru rate. That is still more than 3 times my ebay STR.
Focus for the week : Just staying afloat. It was a busy week. I now qualify to be a Star Seller on Etsy because I meet the metrics in 5 areas. However, you can’t officially become a star seller till 90 days after your first sale. So, I will have to wait till about March 1st.
Scavenge of the week: Went to an estate sale and cleaned up. The house had some real expensive art. I focused on other items they overlooked and did quite well.
Thoughts for the week: I ordered another 100 top loading Regional A Boxes to now use for regular postage.
Mark
01/08/23 – 01/15/23
Total Items In ebay Store: 4643 (was 4644 last week)
Total Items In Etsy Store: 500 (was 375 last week)
Total Items listed: 5,079
ebay Items Sold: 20 items for $ 895.88 Net $ 723.13
Etsy Items Sold: 9 items for $ 534.26 Net $ 396.91Total Gross Sales: $ 1430.14 (including eBay\etsy fees, shipping, and taxes)
Net Sales: $ 1120.04 (minus shipping, and taxes)
Items Sold: 29 items
Highest Price Sold: $ 110 (boots)
Average Price Sold: $ 38.62
Money Spent on New Inventory: $ around $350Number of items listed: 22 ebay, 59 Etsy
Gut Sales Report for the week: Was an ok week on ebay. With the help from Etsy, that made it a great week. I am close to becoming a Star Seller on Etsy. You need a 4.8 rating out of 5 and I am at a 4.7 rating. Not many Etsy sellers are Star sellers – only .5% are. But, it is kinda like be a Top Seller on ebay, doesn’t help a lot, but it is good to have.
Focus for the week : Prepping what I need to do to prepare for more sales for the year.
Scavenge of the week: Got another big haul from the thrift store.
Thoughts for the week: Regional Boxes are being discontinued after Jan. 22. So, I ordered 100 Regional A Boxes because after Jan. 22, you can use them for regular postage.
Plans for 2023: I am going into this year believing that I can do $100K in sales. If that is true, I need to list about 200 items a month so that I don’t lose ground. So, I have put processes in place to get that accomplished.
So, I have a big target for the year. Don’t know if I will be able to hit it or not, but if I even come close I will be happy. As my dad always used to say, “If you aim for nothing, chances are you will hit it.” So, I am putting a big target out there to challenge myself this year.
Mark
Jay,
Here are the other 10 sites:
PoshMark
Grailed
Depop
Mercari
FB
Ruby Lane
SidelineSwap
Goat
StockX
BiblioYes, I will code it so that when something sells on one site, it will automatically end (or quantity adjusted) on all the other sites.
Mark
01/01/23 – 01/07/23
Total Items In ebay Store: 4644 (was 4654 last week)
Total Items In Etsy Store: 435 (was 375 last week)
Total Items listed: 5,079
ebay Items Sold: 18 items for $ 841.41 Net $ 679.82
Etsy Items Sold: 8 items for $ 369.59 Net $ 250.92Total Gross Sales: $ 1,211 (including eBay\etsy fees, shipping, and taxes)
Net Sales: $ 930.74 (minus shipping, and taxes)
Items Sold: 26 items
Highest Price Sold: $ 100 (Vest)
Average Price Sold: $ 35.80
Money Spent on New Inventory: $ 763.9 (Did some large retail arbitraige)Number of items listed: 12 ebay, 77 Etsy
Gut Sales Report for the week: Seemed slower and lower dollar than it was. I guess compared to last week, anything would seem slow. Etsy helped out more than I thought this week. Low ASP selling on Etsy, but it added up.
Focus for the week : Still plugging away to get all my 1800 vintage listings on Etsy.
Scavenge of the week: Bought a pair of Yeezy’s for $7. I think I can sell them for about $400. I bought 10 Buyrberry’s of London dress shirts – all still new in the package for $5 each. That was part of a huge buy at the thrift store.
Thoughts for the week: Things are calming down a bit. I posted this elsewhere in another forum, but i will post it again: I have been thinking about my Etsy sales, and I think I may know why they have been so good. I think it is in part to the time I have spent learning about tags and entering them for each item. But more importantly, I have been listing consistently on Etsy nearly everyday. I think that goes a long way. So, now instead of being in a big rush to get for 1800 vintage items listed, I am going to list 10 a day Jan-Feb Mon-Fri. Then, for the rest of the year, 5 a day Mar-Dec Mon-Fri.
That should take me right to the busy season to rack up the sales. That is going to be my approach on all the new sites I start listing on, regardless of whether I automate it or not. I think most sites will reward those who have
an active store that is continuously listing new items.I now have my sights set on getting listed on 10 more sites in addition to ebay and Etsy. That may take all year or more. I have done a lot of research and have picked the best sites I could find. I don’t think I will have any issues with things selling once I am on these sites. I am more concerned of being overwhelmed with sales that I can’t ship in time during the Holiday season. Working a full time job limits your time.
Mark
By the way, I really get some good information from the posts from the two of you: lukastreasuretrove and Craig Rex. Keep up the good work!
Mark
Lukastreasure,
I also have been concentrating on buying better items. I am now looking for $50+ items. I will buy items that sell for less than that if it make sense, but always looking to get higher priced items.
I have been thinking about my Etsy sales, and I think I may know why they have been so good. I think it is in part to the time I have spent learning about tags and entering them for each item. But more importantly, I have been listing consistently on Etsy nearly everyday. I think that goes a long way. So, now instead of being in a big rush to get for 1800 vintage items listed, I am going to do 10 a day Jan-Feb Mon-Fri. Then, for the rest of the year, 5 a day Mar-Dec Mon-Fri. That should take me right to the busy season to rack up the sales. That is going to be my approach on all the new sites I start listing on, regardless of whether I automate it or not.
Mark
12/24/22 – 12/31/22
Total Items In ebay Store: 4654 (was 4663 last week)
Total Items In Etsy Store: 375 (was 296 last week)
Total Items listed: 5,017
ebay Items Sold: 28 items for $ 1,886.36 Net $1628.82
Etsy Items Sold: 4 items for $ 219.70 Net $185.96Total Gross Sales: 2,106.06 (including eBay\etsy fees, shipping, and taxes)
Net Sales: $ 1,814.78 (minus shipping, and taxes)
Items Sold: 32 items
Highest Price Sold: $ 210 (boots, but had 4 items $150 or more sell this week)
Average Price Sold: $ 56.71
Money Spent on New Inventory: $ 50 ishNumber of items listed: 15 ebay, 72 Etsy
Gut Sales Report for the week: Very good week for the week of Christmas. Sales right on Christmas and after on ebay were great. Etsy died out after 12/20, but had a few sales after Christmas on Etsy.
Focus for the week : Still trying to get all my 1800 vintage listings on Etsy. I have only 375 listed on Etsy so far. I have some parts semi-automated, but, trying to fully automate that.
Scavenge of the week: Found some decent clothes.
Thoughts for the week: Still too much is hitting at once. Trying to ship all the sold items. Listing on Etsy. Trying to code my cross-listing.
Etsy sales took a break just before Christmas, but started to come back now after Christmas. I really like have two Market Places to count on. If one isn’t getting sales, the other is. If both are getting sales at the same time, it is great.
Mark
