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Oh and in regards to toner refills, “offbrand” toner cartridges for my printer are $12 for high capacity. No use going through the effort of refilling at that price point!
Tried the sale event thing again this week. I created the markdowns and then created the sale event. It timed out twice to a blank ebay screen and never created the event. I’m chalking this one up to a waste of time and sticking with just markdown manager. My sales pop just fine with just that.
There is a tipping point for each store level. I had a basic store, and found my tipping point was right around 500 items sustained inventory that made more sense to go to a mid-level store. Getting a store before you are at that tipping point is a good thing – it will drive you to get your minimum stock inventory up to a level where you aren’t losing money on the store.
I have this printer:
https://www.amazon.com/Brother-DCPL2540DW-Wireless-Compact-Replenishment/dp/B00MFG57ZK/ref=sr_1_fkmr1_3?ie=UTF8&qid=1486137022&sr=8-3-fkmr1&keywords=brother+em-630+laserIt is airprint capable so I can print from my phone easily for ebay. For unknown reasons, you cannot print a GSP label from mobile (lame), so you can’t completely ditch the computer.
Another option is many higher end wireless routers have the capability to turn any printer into a wireless and/or airprint capable printer. I have a Nighthawk A1900 and it is capable of making a printer airprint capable. One of these days if I get back into amazon or try out that sixbit software, I’ll try setting up my Dymo label printer as air-print.
02/03/2017 at 10:38 am in reply to: Scavenger Life Episode 295: The Challenges of Changing Your Strategy #11703You are looking at the wrong metric here. You are thinking profit margin when you should be looking at profit/time. If both items take you 10 minutes to list and both will sell in roughly the same 6 month time frame, then item #1 makes you $129 per hour of time invested (6 items an hour at $21.5 profit per item). Item #2 makes you $87 per hour.
This is exactly why I say COGS does not matter. As long as it is a well researched item, it will sell. A well researched price controls when it will sell. The one constant in your equation is your time. Every piece of clothing takes a certain amount of time to list, so get the most for each item.
I have no problem paying $3.50 for the shirt at a regular goodwill. It is cleaner and the junk is already weeded out.
It’s not economical at all to use sixbit for more than just ebay. According to their pricing structure, you have to have a $100 monthly subscription to list both places! What’s is gonna be to add etsy? $150?
You can find a plethora of sources on the internet that will complain about literally anything. Creating a store does not kill your sales. If you list quality, well researched inventory then it sells. Period.
As for a store, you just have to crunch the numbers to see if a store is in your best interest. Guess what – ebay has a calculator for that! http://www.fees.ebay.com/feeweb/feeillustrator
This software sounds VERY intriguing. I like the idea of creating a generic title with purchase date and cost along with a barcode for incoming inventory. I would love to organize my unlisted inventory in this fashion. Then just scan the barcode and convert to a listing when I am ready.
Now that I am not doing FBA, I am craving a use for my barcode scanner and label printer. Lol!
I bought several pair of nice vintage florsheim shoes at Goodwill once. This one pair was super nice Imperial oxfords with a v-cleat. I had sold a very similar pair a few months prior for $125. One Problem…when I brought them into the office to list one was missing! I didn’t find it in the parking lot, it wasn’t still at the Goodwill, and it wasn’t in my driveway. It just flat out disappeared. I still have the lone shoe sitting in my trunk just in case the match miraculously shows up some day.
You just have to move past the returns and issues and see the big picture. This weekend I had a buyer write me about an item that had damage. It was evident in the pictures if you looked for it, but I didn’t see it and didn’t disclose it in description. I wrote the buyer, apologized, and issued a full refund immediately. Told him to keep the item and get some use out of it if he could.
Once upon a time, I would not have reacted this way. I would have lost sleep, been frustrated, tried to negotiate a partial refund or a thousand other unproductive potential responses.
In the end, I am out $3 for the item and $7 in shipping. Whoopdedooo! I resolved the problem in less than 5 minutes and moved on with life. My time is too valuable to hem & haw over peanuts.
So take stock of your loss and value that against your time. Pick your battles and with experience, you will be able to better handle the road bumps on the scavenger life freeway.
Good luck!
01/30/2017 at 3:38 pm in reply to: Scavenger Life Episode 295: The Challenges of Changing Your Strategy #11415Total Items in Store: 614
Items Sold: 16
Cost of Items Sold: $63
Total Sales: $480
Profit: $417
Highest Price Sold: $77 Vintage Perry Ellis Windbreaker (on bonanza)
Average Price Sold: $30
Average Profit: $26
FBA items sold: 1
Total FBA sales: $19.99
FBA COGS: $1
FBA Fees: $7.49
FBA Profit: $11.50
FBA Average profit: $11.50No listing and no buying again this week. I did run a weekend sale through Saturday and it appeared to spur quite a bit of activity. I think I’ll restart the sale to see what happens.
This is such a weird situation. Ideally Amazon would just go ahead and handle all the sales tax and then send you a form at the end of the year showing all the tax they collected and paid to each state. Honestly before this subject came up I figured that is what happened. I have been charged sales tax on 3rd party FBA purchases plenty of times.
Open the film door and take photos of the foam seals. They are likely trash. Buyers will ask you for this. Google Canon AE-1 seals. As for the lenses, you can search on the numbers on the front of the lens. There should be a “mm” number and an “f” number. Both numbers can be variable or single numbers. Such as “18-55mm, f3.5-4.6”, or “55mm f1.8”. Single numbers are called Prime lenses.
Generally the less the f number is, the more valuable the lens is.
Well I went and created a 20% off markdown manager sale, then went back in and edited the “sale event”. It still did not pick up any items in my store that are now 20% off.
I tried the sale event and could not get any of my items to add to the sale.
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