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I strongly discourage you from doing hourly rate. Honestly, I discourage you from participating at all. These kinds of things tend to turn into a total cluster…
If I were you, I’d let it be known that once everyone is done I would come in and remove the “junk”. This way you are free and clear and can get the great stuff that everyone else thinks is trash.
Items in Store 1090
Items Sold 14
Total Sales $506.75
COGS $44.10
Total Profit $462.65
Average profit $33.05
Average sales price $36.20I typed out a long post and hit send, but it is nowhere to be found and I appeared to be logged out once the page reloaded. This happened last week too. Grr….
I guess I’m going to have to start writing in Word and copying/pasting.
Anyways, ebay is on the back-burner. I only shipped this week. $500 for 2.5 hours of work is good stuff! That’s the beauty of this business: I can front load all the work when I have time. Then when a week like this comes up I can do minimal work and still reap the rewards. Ebay will stay on the backburner until I finish up a few house projects.
Truck, trailer, Harbor freight manual trailer winch. Get to moving those cars!
Whoah! So surely you must have had prior knowledge of that toy in order to know it was worthwhile?
I wouldn’t have given that a second look.
I have a photo of the actual tag of every clothing/shoe I sell in the listing. When I pull a pair of shoes or shirt, I compare the actual tag to the tag photo to verify it is indeed the right item.
A mistake led me to this practice.
Don’t get down when you make a mistake. Mistakes are golden opportunities to improve and refine best practices. Now if you make a mistake and refuse to identify the root cause and adjust so it doesn’t happen again…then shame on you!
I do sell vintage and modern sports apparel. Vintage has to have the “wow” factor or be a name brand. Big logos and/or big lettering are where the big money is. I occasionally get some pretty cool vintage stuff and even some athlete issued stuff for our local university that was donated to Goodwill. Smaller universities items do pretty good with the vintage stuff. Old Championship t-shirts and sweatshirts do pretty good.
For modern stuff the quality level has to be very high. Stick to like new name brands (Nike, Underarmour, etc). I also tend to stick to “bandwagon” teams that are popular across the whole country. I also like the large sizes. A 4x shirt is more likely to sell than a Medium, and for more money.
10/10/2018 at 11:11 am in reply to: Scavenger Life Episode 380: What Do Lifetime Sales Really Mean? #49931That statement hits the nail right on the head. I want to spend 100% of my time at home with my wife and kids. Even if I’m working for 8-10 hours a day, I would be able to split up my time as needed, stop work to go do whatever we want/need to do, etc.
I’m so conflicted on going full time. Work just made it harder too – I just got another week of vacation and my boss is putting in paperwork to give me a title promotion with a raise. I only put in 40 hours a week at this job and it really isn’t hard. I have a good thing going and it would be silly to walk away from it.
It would be INCREDIBLY hard for me to match my salary/benefits with full time ebay sales after this raise. This whole process started as a safety net for when/if I was laid off. The business has grown and grown, my backlog of unlisted inventory is reaching max capacity, and my free time is shrinking as the kids do more and more activities.
Official announcement to go with this subject: We are expecting another child in April! This will take us to 5. So even less time is on the horizon!
The time has come that I really need to hire and train an employee because I don’t see me going full time anytime soon. My wife is simply too busy to consistently help me with photographs. Abandoning the business is not an option. I want to continue growing!
Oh yeah, I went off on a tangent there…
I spend 3-5 hours a week packing/shipping. Lately I spend 4 or less hours a week listing – usually 0. I only scavenge on Sunday for an hour or so. Occasionally I’ll hit the local goodwill for 30-60 minutes, but it has been every other week since I only do shoes and hard goods there now.So for the last few months my ebay time has been at most 10-15 hours a week. The best part is that in my mind NONE of those hours are “work”. This is my hobby, my passion, my fun time, my relaxing time, etc. For the first time in my life I have found that elusive career dream of making your passion be your work – and to get paid pretty well for it too.
10/09/2018 at 3:24 pm in reply to: Scavenger Life Episode 380: What Do Lifetime Sales Really Mean? #49880So show note…has anyone else really started looking forward to hearing from Tony Katz every week? His enthusiasm brings a smile to my face every time!
10/09/2018 at 3:21 pm in reply to: Scavenger Life Episode 380: What Do Lifetime Sales Really Mean? #49879Paypal is at $80/share and has a market cap of almost 95 billion dollars.
Ebay is at $33/share and has a market cap of only about 33 billion dollars.Paypal has been busy diversifying over the last few years away from ebay, knowing that the ebay agreement was only for 5 years. They will be more than fine.
10/08/2018 at 12:57 pm in reply to: Scavenger Life Episode 380: What Do Lifetime Sales Really Mean? #49771Yes it looks nice, but I don’t see the point for my personal business. If I were selling new items and/or building a brand, I would absolutely do something special for packaging. I’m selling used shoes that still have dirt on them in many cases… adding fancy packaging is more akin to lipstick on a pig.
10/08/2018 at 9:54 am in reply to: Scavenger Life Episode 380: What Do Lifetime Sales Really Mean? #49744Items in Store 1100
Items Sold 23
Total Sales $600.25
COGS $60.00
Total Profit $540.25
Average profit $23.49
Average sales price $26.10It was house project week this week. We rearranged our bedroom. Part of the rearranging was that we would end up with enough room to add a sofa sleeper to the bedroom. Our kids tend to end up in our room anyways, so now we can just pull out the couch and they can join us.
Speaking of the sofa sleeper, I ended up buying a like new queen size one on facebook for $200. It isn’t the American Leather Comfort Sleeper I wanted, but it does the job just fine. I unloaded it, brought it up the porch stairs, through the house, and up the stairs to the bedroom….by myself. Beast mode baby!
I could have made it all the way quite easily if the turn to the stairs wasn’t so tight with my stair climbing appliance dolly. I ended up removing the sleeper assembly and bringing the couch frame up separate so I could bring the main frame up the stairs by hand. It was just a couple screws and it popped right out. People VASTLY overstate the difficulty in moving a sleeper sofa.
Also of note was that I purchased an air purifier for our bedroom. It makes a huge difference! You don’t realize just how bad your indoor air quality is until you purify one room, spend time in there, and then walk out in to the rest of the house. Now I have two box fans with furnace air filters running occasionally in the rest of the house to get our air cleaned up. Hopefully this helps us stay healthy this winter.
Yeah this is a weird one for me as well. My old exclusions pre GSP won’t go away no matter what I do.
In order to get them to go away I have to remove them all and then add in a single country.
Sorry democratic republic of congo, you ain’t gettin’ nuthin’ from me!It started showing up for me this week. It is terrible. The formatting sucks. Lots of wasted space to make it “pretty” to the point that even with a 17″ laptop I need to scroll the screen.
I am occasionally using it, but for most cases I am reverting to classic.
I wish ebay would quit “improving” things. Removing functionality is not improvement!!
8’s.
Hell, I hope we quickly get to a place where all cars are just self-driving and we dont need to own one. The robots just roam around and we just order a car on our phone for a couple bucks.
That’s the former big city talking in you. I’d say for the majority of your neighbors in rural VA that is a nighmare scenario. Lol!
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