Forum Replies Created
02/25/2019 at 10:46 am in reply to: Scavenger Life Episode 400: Tax Season Advice for Newbies from Strangers On The Internet #57598
I can’t speak for everyone Jay but we are excited about Poshmark because it’s an additional income stream that actually works and works month after month like clockwork you can count on it. many of these online markets are pure crap that are so up and down in sales you can’t predict anything. Much like Bonanza, just a waste of time.
It’s a completely different pool of buyers too so there is that.
2 cents given 🙂02/25/2019 at 10:37 am in reply to: Scavenger Life Episode 400: Tax Season Advice for Newbies from Strangers On The Internet #57596
400 EPISODES !!!!!!! SIMULATED FIREWORKS HERE !!!! BOOM !!!!!
Congrats on a truly amazing feat, You both ROCK !
Great Episode, lots of information for both new and veteran ebayers.
About 10% of my current sales are on Poshmark but I only have like 80 things listed, I have just started making it a regular part of my process. Definitely worth it if you have the time. I can see where if you had a full time job it might be too much but for those of us who do ebay full time it shouldn’t be much of an issue to put an extra 2 minutes into your process to add your listing to poshmark.
here is the fee policy
Listing is always free on Poshmark
When you make a sale, we deduct a fee from your listing price. For sales under $15, the fee is a single flat rate of $2.95. You keep the rest. For sales of $15 or more, the fee is 20% of the listing price and you keep 80%.
Hey money is money, I’ll take it, lol02/20/2019 at 10:44 am in reply to: Scavenger Life Episode 399: Our eBay Manifesto Breakdown #57354
Another great episode, I generally listen to the weekly episode multiple times and this one was no exception. I completely agree with the Scavenger Life Manifesto still being a solid blueprint, it was accurate in 2013 and it’s still accurate today. I can barely wrap my head around the fact you guys are about to hit episode 400!!! Holy cow, that doesn’t even seem real.
I think T-Satt gave some really good advice … “If you can keep the day job and build up the side gig and that makes a happy life, so be it. Making the life that you want is the ultimate goal.”
Kudos T-Satt, I will give that advice 2 thumbs up. I wish I had done that the first time around.
I think sales were down for many of us but it’s like a roller coaster sometimes and the trick is to learn to pay it NO attention, up or down, it always comes back. I like Jay’s stock market analogy, very accurate.02/12/2019 at 1:43 pm in reply to: Why We Failed The First Time Going Full Time on eBay #56863
WhoooHooo ! I hit 200 items today 🙂 Yep that felt pretty good. I am trying to raise the number of items listed by 100 per month. In order to do that I have put in place some realistic and achievable daily task.
For Feb 2019 Daily I have to …
- Photograph, Measure and List 6 items
- Prep the next 6 items for the next day
I do this 5 days a week and 1 day per week is spent sourcing. I take 1 day off completely.
As my sales per month increase so will my items per day. By October of this year I will have to list 10 items per day(5 days a week) in order to keep up with the amount of items sold and increase my inventory by 100 items for each month. Since this is progressive it allows me the time to get used to the ever increasing daily goals.
If I am able to reach my goals each month then by December of this year I should reach about 1300 listings. By July of 2020, I will reach the end goal of 2000 listings and can fall back to a maintenance pace of 8 items per day.
Of course the end goal is based on a projected .08 STR and APS of $15.00. If the STR or APS falls or rises then it may take more or less than the 2000 listings to meet our needs. I won’t know for sure until I get closer to the end of this year.
For January we had a STR of .12 and APS of 16.75 with an ending gross of $402.00 (no shipping included) which is great since I was shooting for $240.00 gross. Bah but it’s Jan so I am not hanging my hat on that very seasonal month as any kind of indicator.
As of today for Feb 2019 we have sold 8 items for $175.00. I have a projected goal of $340.00 gross ( no shipping ) with a .08 STR and APS of $15.00 and Total of 284 listings by the end of the month.
I guess that about it for now, I will try to update this again after the 1st of March to let yall know how I’m doing.02/04/2019 at 7:58 am in reply to: Best ebay movie ever! You have to see this movie – Ralph wrecks the internet! #56355
It is amazing what they can do with animation now, it really is.02/04/2019 at 7:04 am in reply to: Best ebay movie ever! You have to see this movie – Ralph wrecks the internet! #56350
I love that they are being Rick Rolled during the trailer, that was genius !
my head hurts after watching this video, this is a good reminder of why we pay for an accountant.
@bcfol440 That is a great tip on the vintage clothing, I haven’t tried many vintage items on there, wasn’t having a lot of success so just stopped but I had not listed that many vintage items on Posh either so yeah I will definitely give that another go.
Completely agree with you on the community sharing, big waste of time. I also do mass follows from time to time, right now I have over 11,000 followers and hope to grow that over time.
I share some of my higher dollar items but sharing on Posh is so time consuming I don’t do it as much as I probably should, really wish you could share the whole closet instead of 1 item at a time.
You are also right about listing your item higher because the offers are normally never close to the asking price.
Some great tips, thanks for sharing !
@Onthemark yep it is very easy and stuff sells on there so yeah it’s going to be a regular part of my listing process from now on.
I have 2 day handling time and I have never had a late shipment defect. I live by the ebay policy at https://www.ebay.com/help/policies/selling-policies/seller-protection-policy?id=4345
“We automatically adjust your late shipment rate, and remove feedback when:
The shipment receives a carrier scan within your handling time, even if it arrives late”
I go to the post office every Mon Wed and Fri and wait for the scan instead of just dropping off because I don’t trust some of those lazy postal workers to scan all my packages. I get the receipt and whistle my way out knowing I am fully protected no matter what, lol.
It’s a little more work but I get peace of mind knowing I have that protection.01/31/2019 at 10:52 am in reply to: Winchester38's Journal – A Journey To Full-time Reselling #56228
Winchester38, really interesting thread for sure, I am having flashbacks of me and my wife’s journey. I think your making a really smart move by your wife continuing to work for a while, that makes good sense. You seem to have a much better grasp on your numbers than we did the first go round. I wish you the best of luck with your business. Please keep us posted on how it’s going.01/30/2019 at 3:25 am in reply to: Scavenger Life Episode 396: Guaranteed Delivery? How is that working? #56128
Jay and Ryanne, thanks for the shout out! very hard lessons for us for sure. It’s really good to be back. I hope our initial failure helps steer someone away from doing the same things we did the first time around. It seemed like such a good idea at the time but boy were we wrong. Run your business like a business, not always fun but necessary for success.01/26/2019 at 10:39 am in reply to: Why We Failed The First Time Going Full Time on eBay #55922
Totally Agree Julie B, during our dark days we had the ACA ( obamacare ) health insurance and both of us needed dental work done which it didn’t cover. In Mississippi you can’t even get the expanded medicare because our state voted no on it and the only dental plans you could get covered children under 18 only. We didn’t know what to do until a neighbor told us about the family medical center in our town that had free dental care for people under a certain income.
We also had a pet that needed medical attention and none of the vets around us would take payments so we had to treat the poor baby ourselves the best we could with medicine we were able to get from friends. Luckily he survived the ordeal but yeah that can be a huge expense.
Home repair was for me not too bad since I am pretty handy with a hammer, plunger, paint brush and used to be an electrician a long time ago. I just had to buy the parts and do the work myself. Not everyone can do that stuff though.
our family helped us with some car repair and that was huge, I don’t know how we would have made it if not for family and friends.
It was not an experience I would ever want to go through again.01/26/2019 at 7:12 am in reply to: Why We Failed The First Time Going Full Time on eBay #55913
Thanks Jay, I will give updates as we progress, starting over nearly from scratch, we have 178 items listed. For this month we have already passed our goals. I was shooting for a 9% sell through rate at 16.00 and hoping for 278.00 in gross sales but have already hit 11% @ 16.82 for a total of 370.00 in gross sales not including shipping. Not bad for a first month back in the saddle.
01/26/2019 at 7:00 am in reply to: Why We Failed The First Time Going Full Time on eBay #55910
- This reply was modified 2 years, 4 months ago by Mississippi Pickers.
–how did you go from $3400/month in expenses to $1600/month? Was it debt repayment? Or are you in a smaller house?
–What kind of things are you buying and selling now? How have you learned not to buy and sell low cost junk?
Ok almost all of it was unsecured loans and credit cards to the tune of 1300.00 a month in unsecured debt. Once that stuff went to collections each one started writing us offering lower and lower amounts to pay them off. So we would wait till they reached a certain level like 1/3 or less than the original amount and take the deal. We did that one card at a time until they were all gone. I could not believe it.
Next we got rid of AT&T and combined our cable, telephone and internet all on Xfinity for 100.00 less than what we were paying before.
No we still have the same house, we have been here for 25 years and our house note is only 300.00 per month. We are probably going to move though, at some point to a nicer house 🙂
Deidre’s job pays for medical,dental,vision and that saves us 100.00 a month on medical insurance.
The last bit was embarrassing but it was food, we lowered our food cost by not eating out and cooking our own food. We went from 800.00 a month on food to 500.00 per month which includes 1 day of eating out each week.
We only buy clothing now, it’s what we know and it’s what we can get for cheap and sell at a good profit. I guess it’s our niche, lol. We stopped buying junk by looking everything up BEFORE purchasing on ebay SOLDS and by inspecting EVERYTHING for holes, stains, etc. So much money wasted in the past on stained clothing or clothing that had no resell value.
01/16/2019 at 9:36 am in reply to: Competitive Pricing vs. RARE – Pondering Research, shipping, wacky ideas #55238
- This reply was modified 2 years, 4 months ago by Mississippi Pickers.
hard to say without being an expert model train’s but there always seem to be some little easter eggs let out in almost all collectable items and the prices for those catches are usually demand driven. There may not be a single sale on ebay but the expert knows the demand price. Will he or she sell it on ebay? perhaps or perhaps not, they may have it listed on a specialty board or even have a brick and mortar, who knows.
- This reply was modified 2 years, 5 months ago by Mississippi Pickers.