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Thanks Jay and T-Satt, I appreciate the kind words from both of you, that really means a lot to me. It’s been a long road but I finally feel pretty comfortable behind the wheel 🙂
Well let’s face it, it’s not easy getting old, lol. I am 57 going on 58 this year and good grief it seems like it is getting harder and harder to get over a cold. I got sick around the middle of the month in Feb and took me about 10 days to get to where I could list again. Nonetheless here are my numbers.
ok from my last post in the middle of Feb, I said ”
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.
”
Here is what actually happened
We finished the month with 225 listings and we sold 17 items for a total of $335.00 (shipping not included). This gave us a .08 STR and a APS of 19.71
Well it’s not fun getting sick but I am fine now and it’s time to get to getting so there ya go. To be honest I am not at all dissatisfied with the results, I did manage to push through some difficult days and despite getting sick we kept a decent if not impressive STR and APS so all in all I am quite happy.
My question is how will my APS and STR look in 6 months? Well I seriously can’t wait to answer that. Hope your all having great sales ! I will try to keep this updated every month so you can watch my progress. I hope this log will help to motivate someone else in their struggle.
CYA !
TonyI don’t do any sharing, I list it and forget it just like ebay. Honestly we would probably sell more doing the whole sharing thing but I am happy with our sales with the list it and forget it model. The only thing I did was follow a ton of people on there. If you follow thousands of people then about 1/4 of them will follow you back. I have like 11,000 followers now.
Is that needed or necessary? I seriously doubt it because many times people find my stuff by search that don’t even follow me. I will see something that goes a little like….. key24086 just liked your item, key24086 has started following you and then CONGRATS key24086 just purchased your item. So I don’t think it matters that much if your not trying to make a full time income on there.
We are happy with whatever sales we get on there because for us it’s just extra cash.
well the way we look at it and this may be different for others is, we only paid one dollar for a shirt that sold for $30.00 and we made $24.00 and we don’t have to worry about shipping cost or listing fees so hey $24.00 from a dollar, yeah I will take that all day long, lol.
my ebayers have the same opportunity to buy the thing, if it’s just sitting there not getting a bite on ebay and a posher baby wants it, heck yeah take that thing !!! lol
Man I really love Poshmark, I have had nothing but good experiences on there so far. Don’t get me wrong, I love ebay too, it’s the engine that keeps the ship going but I am loving the extra income.
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 🙂
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, lol
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.
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.
Mark S,
It is amazing what they can do with animation now, it really is.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.
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.
