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Mike,
Thanks for the info. That is kinda what I was thinking. Not an easy way to drive traffic to your Shopify site. I am not a SEO guy, so I think I should pass. I don’t think it would be worth my time (but maybe interesting). Right now I would rather pay ebay their fees and keep going.
But it may make sense in the future. I have some ideas for some things to patent and manufacture. Shopify may be a good place to sell them. But then again, I could also sell them on ebay.
Mark
Thanks Mike!
That is some good information. Hope they get Etsy by October so I can cash in for the end of the year sales.
What do you expect to do with Shopify? How are you going to market it? I was under the impression that Shopify would not work well for the type of items most of us are doing on ebay. What is your take on this and should I be going to Shopify? What would be the best type of items to cross list on Shopify? Just any insights that you have on Shopify.
Mark
Mike,
I have been wanting to get my vintage items on Etsy for a long time. Any idea on how long that may take Wonder Lister? When is Shopify going live?
Mark
I think this would work best for sellers selling new items that they manufacture. Then they could send them 10 different shirts (or whatever) and then send more when those sell out.
But for sellers who are list it and forget it, I think storage fees would creep in and erode the profits at some point.
Mark
Mike,
I think in theory it is a great idea. You get your items to ebay and then they can ship them for you and maybe do a “Ebay Prime Free shipping” thing. But as we have seen at Amazon, things don’t quite go that well for sellers. They start charging crazy storage fees if things don’t sell fast, then they want to send the items back or dispose of them.
I would be all for it if I could drive to the ebay warehouse, drop off my containers and have assurances of set rates and practices for several years out. But I don’t think that is going to happen.
Mark
04/01/18 – 04/07/18
Total Items In Store: 2,284
Items Sold: 11
Cost of Items Sold: $40 (around)
Total Sales: $348
Highest Price Sold: $70 (Sears Craftsman Screw Drivers)
Average Price Sold: $31.64
Returns: 0
Money Spent on New Inventory This Week: $ 0 (Not very many good sales out there this week)
Number of Items listed this week: 68Sales this week SUnday – Thursday were not slow or soft, they were down right non-existant! I thought something was wrong. I only had $104 in sales for the week when I went to bed Thursday night. Sales have picked up, but that was really bad for a bit. I think my lack of listing caught up with me and the after Easter slow down. I just started listing and got up 68 items and 2 sold right away.
Since I was not selling much and I didn’t buy anything, I spent time reclaiming (combining containers that don’t have much in them) containers. I was able to get back 7 small (18 gallon) containers and 1 large 930 gallon). That is a savings of about $45 ($5 each for the smalls and $9 for the Large). But, the real savings is the space in my basement. I can’t add any space and this gets me some space back. I in the process of clearing out another 100 Sq. Ft. to use in the basement. That equates to about 1500 items by my estimation – 15 items per square foot.
Mark
Sharyn,
Yes, I don’t know why they are getting rid of the 18x14x12 boxes, those are great. I have only 9 left. I was thinking that they would expand the selection of items you can buy from the ebay shipping supplies. But from what I can see, the selection keeps getting smaller! What is going on with that?!! I would say it looks like they want to get rid of it instead of growing it. Why else would you reduce the selection unless some of it is just not profitable. But I can’t imagine that.
I will admit that I had a ton of 15 X 12 X 12 from the Post Office. I still have 16 left. I will miss those when they are gone. I guess the morale of the story is: if you like a box size, stock up on it because it may be discontinued.
Mark
calljac86,
You are doing quite a bit of volume. What are your typical COGS for a week?
It appears that you have a lot of NWT. Are you doing Retail Arbitrage, or are you finding these items in the wild?
Mark
Seems like a lot of people have a difference of opinion about what is too big.
I think we each have to set our own limits and stick to them. That is the key. If you can handle storing and shipping the big stuff, do it. But, stuff that is too big for you to easily store and ship. You will ignore it and it will take up a lot of room you do not have.
Know your limits and stick to it!
Mark
I have the formula in a spreadsheet for each month of 2018. I will have to see how close I am each month.
Mark
Laura,
I don’t see this meet up posted anywhere here on the blog.
Where did you see the post for this meet up?
Mark
03/25/18 – 03/31/18
Total Items In Store: 2,224
Items Sold: 22
Cost of Items Sold: $90 (around)
Total Sales: $909.40 + 1 TrueGether for $12.36
Highest Price Sold: $100 (LL Bean Leather Jacket)
Average Price Sold: $41.34
Returns: 2
Money Spent on New Inventory This Week: $ 130 (Not very many good sales out there this week)
Number of Items listed this week: 0Ten years is awesome. Most small business’s don’t make it past 5 years.
I had a good week despite not listing for several weeks. My lister must be busy. The promoted sales got me through.
I did an experiment. I took the STR %, ASP, and Number of items I had in my store from March 2017. I multipiled the STR * Currently Listed Number of items. That gave me the projected number of sales. Then I multipled that by * the ASP to see how close it would be. It was 1 item off and $11 off. I think that it was fairly coincendental because of all the promoted listing sales and my lack of listing.
I had crazy Wierd sale that I will detail below. It definitely took me out of my comfort zone.
Mark
