Forum Replies Created
-
Posts
-
Thanks for the great feedback!
Custom label field – I have gone back and forth in the past on this with my book keeper. It was my inventory field. It then tuned into my cost field. Now transitioning into SixBit I do not know what do with it. One of the things I heard about SB is that it is good with tracking cost. I assume you are using the cost field? I plan to just transition to the fields as designed by SB “vanilla if you will.” I will put cost in the cost field (what I paid for an item) and I will put location in the appropriate slot etc For previous listings I have recently been using bottom of descriptions for location (for me same as item number). Fortunately I have an excel that also tracks location.
I did the 30 days import – it is a lot.
With snippets or anything else – any negative on mobile? I had been moving towards a minimalist description due to what I have heard on mobile – of course if there is a more expensive or complex item I will use the description – but then otherwise pretty basic largely due to the notion that ebay is more into structured data and moving away from description (not based on facts just impressions listening to other ebayers.) Seems like SB is as good as anyone in terms of keeping in sync with eBay trends. I am all for going back to more description (seems like your sales conversions are very good) and will definitely check out the snippets.
Do you find yourself more often listing off a template or off of a previous listing filed away in Sixbit?
I am using business policies – my understanding is you are not and hence using the shipping presents?
I am familiar too with QBE and also from the JDE ecosystem – I was selling JDE for Oracle and then a partner would be curious where you were. I would be very interested in seeing how you leverage QBE and I bet five minutes talking with you might stand to advance me substantially.
I am also very interested in the auto lister. That was one of the things I liked about Auctiva. I try to balance the list it and forget it patience philosophy with managing my inventory / looking for that correct tipping point and found auto lister really helpful in the past. I also saw your previous post about seeing sales drop off when you went to good till cancelled. There are some other big sellers I follow that take the 30 day (or even 10 day) listings and have a sell through crazy higher than mine — so this is definitely something I want to continue to evolve.
I would love to see your task list and frankly would be awesome to pick your brain for a few if you are ever up for it.
Again – really appreciate the feedback.
Geoff
T-Satt – Just wanted to mention that I am giving SixBit another try after reading some of your posts. I only tried it briefly years back and moved away from t quickly after being overwhelmed by the interface. My store is currently 738 items and I would like to get it to 1,000 before the New Year and then 2,0000 by mid 2018 while maintaining or improving my sell through rate ( I have taken the leap and have family to support – full time since April 3 )
My though process is that SB could be worth the investment if it is able to increase my efficiency by a meaningful percentage as well as be helpful once i hire someone. I am a one man operation today – my wife just does not have the bug – and i have been falling short of my current goal of 116 listing per week. (last week i did 120 but this week only 67 so far). I have the feeling that the future version of myself may advise me to hire someone soon, but probably like many of us, i am hesitant and determined to get to a high inventory value as a one man show through improved efficiency and determination (the more of the former the better)
Just thought i would mention my endeavor in case you or anyone else have any tips for someone gearing up on Sixbit based on your experiences. I intend on joining the group on the weekly updates w/numbers to help keep myself accountable (and everyone else not on the internet thinks I am nuts in regards to my business, so to hopefully keep me sane) — and I will be interested to see if i can increase my output in the coming months leveraging SB.
Cheers,
GeoffHi Ryanne – I probably am not close to the most knowledgeable person in the community on pottery but I happen to be up to my eyeballs myself in a ceramics collection. To make a long story short i looked at the images and mark and did not find a match — if it were me listing it i would go with amateur just looking at it overall
Gompers – thanks a lot for the thoughtful reply. I did not sign the contract but you totally have made me feel better about my decision. Have a good one!
and I just wanted to add – I sell all kinds of things and sometimes really big stuff. This summer for example i sold a vintage B&O stereo cabinet that someone paid 185 to ship from Boston to Florida. So maybe my shipping is high relative to sales.
Yes he has a store front and a lot more employees, as well as a partner. He is very generous with the info he shares – and one of the reasons i think a conversation between you guys would be so great is he is doing the ’empire’ thing you refer to many times on your podcast.
Obviously as you know the numbers vary a lot – and i am pulling the numbers from what he shares in different places. He does not break does not break down the math like you do — but it is all there if you watch every video.
Well to be clear I do not personally know him – but his average sale is about 115 dollars. He used to only have 200 – 300 items but now he usually carries 450-500 – right now its low because he is just moving stuff all at good prices. He has at least one employee always listing. Typically he is spending average 30-50 dollars on his products. He is dong 30,000 dollars to 60,000 dollars a month.
The really interesting thing is he is selling like 500 things every two months – he is just cranking. He is selling things that have higher demand and that there is a clear price point typically – and he is really good at selling at that just right price that moves and maximizes profit – almost all fixed price. He will slowly lower prices aggressively. He really pays attention to the competition and knows how to give just what it takes to move product and maximize his return.
So he is getting a great profit margin – not nearly as high as yours typically, more often. He is generating a ton of cash on a great return – but it requires a lot more capital reinvested and then in addition lots of human capital. Kind of building the empire model.
At first I thought it was a slam dunk that personally I liked his model for me – but the whole low capital think is sneaky awesome when you really think about it – so I just think it is a fascinating comparison.
Yea I get it – not having to list for a month sounds nice to me right about now. But staying with money and profits – one thing that I really like about the model you use in general is it requires a lot lower capital spend per item and you are generating huge returns. Some of the other ways of doing things i referenced could generate better profits for some sellers – which is great – but having such a low capital cost cannot be overstated.
Last thought – have you ever run into / thought about inviting Craigslisthunter for an interview? You conversation with Terminal99 was outstanding, and i just think you and that guy Pete getting together would be really good as well just because you guys both run such great businesses in two really different ways.
Take care,
Geoff– i have never sold a roulette wheel Roman Numeral Sundial before but sounds good. Thanks all!
The top flips open – i was going to attach a second photo but i was having issues just getting the first to upload (caveman computer skills)
I should have also included that the top spins — yea kind of like a roulette wheel. With the roman numerals going around in 12 spots i was thinking it looked like almost a sun dial – but i have no clue. Anyway yes did try google images and was only coming up with wheels.
