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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
I can help with List Perfe tly.
Jay,
I still list new inventory on ebay because ebay requires that to keep your STR going on ebay. I just don’t list nearly as much right now on ebay.
Mark
Jay,
Let’s let Lukatreasure and Mike and others doing Etsy weigh in, but I believe that your time is better spent listing on Etsy. I believe it is way more profitable. Here is why.
If you have to list on ebay, I believe each listing takes about 20 min. of time. Here is that breakdown:
1. Find and buy the item – average time about 5 min per item
2. Research, title, price, Do dimensions and weight, tag, put in lot – average time about 5 min
3. Take pictures, adjust if necessary, upload if necessary, etc – average time about 5 min
4. List the item. Put it into inventory. – average time about 5 min
So, I am saying that a new item listed on ebay is going to take about 20 minutes of your time, give or take a few minutes.
But, with cross-listing, you have already put in the 20 minutes of time. Now you just have to copy and fill in a few details for a specific site such as Etsy.
This cross-listing, even with tags on Etsy, should take 2 min. or less. That is 1\10th of the time to list a new item on ebay.
So, let’s say you have an ebay STR of 1.5% per month and an ASP of $40. But, for new listings, the STR is probably higher, let’s say 3% per month.
You list 100 new items on ebay for the month. At a 3% STR, you should sell 3 of the items for an ASP of $40 each. You make $120 Gross.
Now, for the amount of time it took to list 100 new items on ebay, you could have cross listed 1000 items on Etsy.
Let’s go with an Etsy STR of 60% of your ebay STR (which is what I projected and what Lukatreasure and Mike seem to concur with).
With 1000 items listed on Etsy, a STR of 1.5% would sell 15 items and we are stating 60% of that for Etsy, so 9 items would sell. 9 items at $40 is $360 Gross.
So, $120 Gross for your time to list new items on ebay versus $360 Gross for the same time to cross-list to Etsy. That is 3X more profit for your time spent. Plus, you don’t have to spend time and money on new items to sell. And, you may see better results on Etsy as I have seen, that would be a bonus.
Of course, after you have all your vintage items listed on Etsy, that advantage will be gone, but then you can look to another platform to cross-list to if you want.
Mark
Mike,
Your Etsy store is only 75% the size of your ebay store. So, your adjusted ebay sales for this year would be .75 * $11,000 or $8,250. Your Etsy sales were about 50% of that.
That is about what I had originally projected; my Etsy store would have an STR of about 60% of that of my ebay store. So far, my Etsy STR is way higher than my ebay store by a factor of 5-10. That may settle down after the Holidays.
Did you put tags in all of you Etsy listings? I spent time putting tags on every Etsy listing. I am wondering if that is the difference or not.
Mark
Christine,
Part of my Etsy success is that I did it right near Christmas time. I didn’t plan that, it just happened that way. I am sure my STR will drop as 2023 wears on. However, I think I should be able to average at least the $700\month gross that I projected from Etsy after all 1800 listings are cross-listed. At this point I really think it will be much more than $700\month gross, but we will see.
I do promote some of my ebay listings. I have entered a lot of Etsy tags for each item, so maybe that is helping out. My photos are of high quality, so that shouldn’t hurt me.
Mark
12/18/22 – 12/24/22
Total Items In ebay Store: 4663
Total Items In Etsy Store: 296
ebay Items Sold: 21 items for $ 1,165.10 / Net 979.06
Etsy Items Sold: 6 items for $ 297.18 / Net $ 194.94Total Gross Sales: 1462.28 (including eBay\etsy fees, shipping, and taxes)
Net Sales: $ 1174 (minus shipping, and taxes)
Items Sold: 27 items
Highest Price Sold: $ 150 (Sweater)
Average Price Sold: $ 43.48
Money Spent on New Inventory: $ 25Number of items listed: 0 ebay, 56 Etsy
Gut Sales Report for the week: Very good week for the week of Christmas. Sales right up to and on Christmas were great.
Focus for the week : Still trying to get all my 1800 vintage listings on Etsy. I have only 296 listed on Etsy so far. But, trying to automate that.
Scavenge of the week: Found a Union Made 100% Camel Hair Trench Coat for $5.
Thoughts for the week: Too much is hitting at once. Trying to ship all the sold items. Listing on Etsy. Trying to code my cross-listing. Just one step at a time.
Mark
Jay,
List Perfectly does get the job done. The issue is that it is not done in the most efficient way for me. Everything is done manually. You can select multiple items to cross-list, but then you have to look at each and every listing and fill in fields that were not done automatically for you. Not much to do in Etsy, it is like 6 fields using the Pro version. But, if I want to do this for 17,000 listings or so, this is not very practical.
Also, there are things that you have to manually enter. Like cogs. You have to enter them 1 listing at a time. Not practical for nearly 5,000 listings that I have. I have my cogs in a database table and can get them into a spreadsheet, but there is no import option available.
Let me do an analogy. Can you get around in a horse and buggy? Yes, you can and it does work. If you just travel short distances, it works fine. But say you have to drive to Florida from Michigan, how will that work? Not very well. That is where I am at.
Remember when you copied your ebay items over to Bonanza? It was quick and easy, maybe several hours. That is because they were using the api (application program interface). Everything is done behind the scenes. That is what I want to do here. Copy all my data from ebay and then copy over to the other platforms that I want. It will take some coding time, but will probably be around 50 hours or so. If I had to do this manually, it would probably take 500 hours.
Then, the big thing for me is that if something is not working or not efficient, I can change it to work. But, when you use a 3rd party tool, you have to wait for them to take action – that can sometimes take years or maybe never get done. It just seems like pieces of data that you need are always missing.
Mark
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