Forum Replies Created
-
AuthorPosts
-
09/05/2019 at 8:42 am in reply to: Scavenger Life Episode 426: Our Financial Lives Are Tied To The Mysterious Whims Of A Website #67414
I love hearing your “origin story”. It parallels mine so much, and really helps me envision doing this full time.
My business name “Retro Treasures” is because I also started with cool toys and electronics from the 80’s.Man, I posted this because I thought it was cool this guy has committed to the point he builds giant crates. I didn’t expect to open a can of worms on their paid service. Does this guy have a reputation I’m not aware of or something?
Personally, I have zero problems with their paid service. Just like I’d have no problems with J&R doing it. Some people just want to be spoon fed and be held accountable. If that’s what they need to get off the ground then so be it.
“See a need, fill a need”
Alot, Jay. A whole lot.
Sadly, you shot yourself in the foot last episode on that front. Lol!
Better delete that one before starting your ebay guru pay site.08/29/2019 at 11:12 am in reply to: Where do the hot Q4 toys start actually getting discussed? #67089A few years back I sold a bunch of star wars electronic lightsabers during christmas. I was buying them for $10-15 and selling for $30.
I suppose this was the surge in popularity from The force awakens.
I just happened across it at a drug store where they had a display of them on sale. There was no online “secret list” that alerted me to their popularity.Another year I picked a toy that I thought would get hot. I bought one and then put a few more on layaway. It never materialized though.
I hope this year I can get in on one or two hot items. I should have the capital to do it.
It would still be a FAR better scenario than defaulting on a standard loan. Imagine having a $50k loan that was called where you legit had to come up with $50k you didn’t have?
No joke, I felt really off on Monday and Tuesday. I really do rely on that dose of J&R positivity on Monday morning it seems.
Yep,
The MLM companies convince the newly converted that their friends and family “owe them”.I have a version of this shirt that I like to wear when I go out to yard sales. MLM attributed the lions share of the reasons this shirt spoke to me on a personal level. Lol.
I don’t really think I’d put MLM in the buy low sell high camp. They are all about “recruit more sellers”, and then each seller has to buy a minimum amount each month to maintain some sort of “status”.
Most MLM sellers just end up buying product for themselves that they won’t use until they give up.
Here’s a neat article showing the reality of selling DoTerra Essential Oils.
MLM schemes have stole alot of good friends from us. They become unapproachable leaches once the MLM gets their hooks in them. Can’t even have a damn conversation without them trying to market themselves or sell you something.
Yep, any personal item I sell with no profit gets a COGS of the sales price, and categorized as a “personal” transaction on my COGS spreadsheet. I always differentiate my thrift store, yard sale, Retail Arbitrage, and personal items.
Nice!
There ain’t a better feeling in the world than a fully realized efficient system put into practice.
I love when I get into that groove and crank out 20+ shipments in less than 30 minutes. The only thing holding me back is the ebay loading times when processing the label. I mitigate that by prepping the next item during the delay. Have to be careful though, so I don’t mix up labels/packages so I only partially prep.Yes, it appears the policy at my current 401k managing firm has a policy that if you leave work then you have 60 days to pay it in full. Otherwise they will consider it a withdrawal and you’ll pay the tax man 10% penalty and pay income taxes.
Something to think about though….do I really see myself at this place for 5 more years?
If I wanted to cherry pick, I have definitely had many weeks that I have worked only 2 hours on ebay and made $500+. Looking at my records, in the last year I’ve had 20 weeks where I did not list and made more than $500. My average items sold is 21 a week and it takes me less than 5 minutes to pull/pack items per item. Most of my sales are very easy to pack/ship. That’s less than 2 hours a week.
BUT, I had already put in the work to find the items, clean, list, photograph, and store. Nevermind the countless hours of research learning how to sell, all the time and capital I’ve invested in infrastructure, etc.
The easy part is grabbing it and shipping it. Those 2 hour weeks are when I sell a bunch of easy to ship items like clothes/shoes. I have 3 business day handling so I only ship twice those weeks.So I should start a business where I show people how to “Make $2000 a month and only work 2 hours a week!” After all, it is an accurate statement…mmostly.
Ebay has been doing alot of undocumented changes in the last few months. It is irritating!
Also, I have a 95% full bottle of Chanel I was just getting ready to list. Darn it!
That darn “phase two” gets many people.
The consumables I’d want is in the post: $70 for a 16″ wide large bubble pattern 980′ long. It comes out to like 7 cents a linear foot for a 16″ wide roll. Super cheap in the grand scheme of things. I could wrap a VCR in nice bubble wrap made on demand for about 25 cents.
The nicer tabletop version is the mini pak’r, and it goes for $400-500 used.
-
AuthorPosts