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Ugh, I HATE the deceptive photographing in home listings. Yeah it gets me in the door to look, but it also gets me OUT the door just as fast. So many wasted trips and high hopes during the times we’ve house shopped.
When it comes to shoes, you need to stick to brands/models that originally sold for close to $100 to even come close to getting an average sale price of $25-35
Yeah those are not good brands to resell. You should consider lotting them up by size. You get less per pair that way but can move some product.
Mileage is the absolute easiest deduction that you should definitely be doing. I use the everlance app. It tracks every trip you take. At the end of the day you just swipe left for personal and right for business on each trip. At the end of the year you get a report for total miles and business miles along with the deduction amount you can take.
You’re throwing away hundreds of dollars in tax savings not doing this very simple deduction.
Items in Store 1766
Items Sold 35
Total Sales $994.00
COGS $104.00
Total Profit $890.00
Average profit $25.43
Average sales price $28.40
New Listings 53
Items scavenged 9
Listing 2022 weekly Avg 51
Sourcing Allotment 22I got back on track with the listing – having the day off work Friday helped as I got everything up during the day Friday. Not much else going on here. I’m so happy spring is here. Did some fishing with the kids this weekend. Looking forward to enjoying the weather, getting out and continuing getting healthier and recovering my health after a thoroughly sucky fall/winter recovering from Covid.
I’ll give him some coaching money right after I finish sending a check to Martin Shkrelli for investment coaching. Speaking of which, didn’t Shkrelli also start prolifically using social media after he was busted?
Podcast where he details more of what happened. His story keeps changing though. Now he claims all of the shoes were from a single “celebrity friend”.
He sold all the shoes during a no FVF promotion ebay was running. He claims his margin was only 10% and the only reason he could sell them was because of the no FVF promotion.
Really the best part of this podcast is technsports lecturing him the whole time about how stupid he was. They claim that he hid this whole endeavor from Technsports.
Maybe I’m too cynical or maybe I watched way too mush JCS criminial psychology interrogation analysis investigations (HIGH RECOMMENDED! https://www.youtube.com/c/JCSCriminalPsychology) but I feel like this is an attempt to publicly CYA.
In the BOSS group on Facebook, there is two big time clothing sellers on there who insinuated he has been permabanned from other sites prior to this. I don’t know where that info comes from,but he did start discouraging cross listing in his videos and said he would rather dissolve his online presence rather than go to Mercari or Poshmark. A bit extreme, unless he already can’t go to them.
yeah I got a chuckle out of all the celebrity worship people kissing his butt on the comments. It’s kinda like politics. Politicians who commit big crimes or take advantage of their privilege and get caught always get a pass from their supporters.
1.8 million in high end rare 1 of 1 shoes from “his buddies” in cash transactions in a single year…if you really let that sink in you really can’t blame eBay for thinking something is off enough to decided they no longer want his business whether they were pressured by Nike or law enforcement.
Well, all three non paying “buyers” never responded or paid. My week officially sucked with those 3 sales gone.
I did create 20 draft listings today to get a jump on my 40 for this week. Gotta get back on the listing train.
Items in Store 1748
Items Sold 23
Total Sales $625.00
COGS $87.00
Total Profit $538.00
Average profit $23.39
Average sales price $27.17
New Listings 24
Items scavenged 0
Listing 2022 weekly Avg 51
Sourcing Allotment 14Ooof, It’s actually much worse as I have 3 unpaid items pending. One of them is a $110 dryer part. I looked at that buyers feedback – he leaves alot of neutral feedbacks and the feedback left for him as a buyer has a BUNCH of false positive feedbacks where the seller said “buyer never paid or communicated”.
If I take out those three sales from my numbers my total sales drops to $468 and a net of $386.
I have a canned response I send unpaid item buyers on the 3rd day explaining how the unpaid item system works. It rarely matters – most never respond or pay. Occasionally I’ll get a response that they no longer want the item. I really only send the message to get those buyer confirmations that they won’t pay so I can go ahead and cancel/relist since the auto unpaid item system went away. I hate that ebay doesn’t send a message or relist after 4 days. I do get an email, but I don’t check emails that often.
I did not meet my 40 listings this week. It was a rough week. I haven’t been feeling great and my wife has been dealing with vertigo since last weekend. Ebay has taken a back seat for the time being. I’m just trying to stay on top of shipping for now and I really don’t even want to do that most days.
Hopefully once the weather stabilizes we’ll get outside more and get to feeling better.
Today I got the wonderful news that two of my coworkers have Covid. They went to a conference in Chicago last week and came in for a couple hours on Friday. I had conversations with both of them Friday morning – not within 6 feet of each other but I’m super anxious now.
Here’s a fun item I sold last week.
https://www.ebay.com/itm/265615109209
Found it at Goodwill for $50. They marked it as a pottery wheel. My wife does pottery and I did it in School so I knew this was definitely not a pottery wheel. It’s a bowling ball polishing machine. Sells fast and for good money. I hope I can find another some day.
Cool. Normally I don’t pay much attention to figurines as they tend to have a high junk to treasure ratio. If I saw a large lot of similar items like yours I would take an interest though.
I found a large box of Boyds bears figurines at Goodwill once. I’ve made quite a good penny off of those and only have 4 left. Multiple $50+ figures and one $100+. When I found it and was going through the box multiple people came up to me and were verbally and visually ticked off that I beat them to it.
Another time I found A huge lot of boxed christmas boyds snowman and santa figurines. I did not make a ton off of those as I hoped. Ended up creating one big lot as the STR was horrid on individual items. A buyer made me an offer and only wanted half of them. The offer was good enough that I just sent the whole lot since it was already securely packed up. I was NOT about to unpack the box, then unpack/photograph/repack the leftovers. Needless to say, the buyer was extremely happy.
Still made like $50, but far from the $100’s I envisioned when I bought them.
I love Chattanooga and Knoxville. My company has a location in Chattanooga and I looked to transfer there at one point but my wife didn’t want to move.
It’s been this way since they did away with the auto unpaid item system. It was supposed to be a temporary fix that has turned into a longterm “non fix”.
No message to remind you either. You just have to be diligent and remember to relist it.Cancellations are the same way. If a buyer pays and asks to cancel, when you cancel the summary screen will say it is “ineligble for auto relist”. It works if they haven’t paid though.
