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I do my COGS every week when I calculate my numbers. I put them into the accounting system I use, Seller Ledger. At the end of the year, it automatically rolls in those expenses against my taxable profit.
For the past five or more years, I’ve taken all the COGS for a purchase from the first several items that sell. Anything after that is $0 COGS. I’m consistent about it, so I’m pretty sure it is copasetic by the IRS.
When I tried to divide the COGS among the items, I would have an issue when I decided something wasn’t worth selling, and I got rid of it. The COGS for the items I donated didn’t necessarily get accounted for.
Point is I probably wouldn’t use the feature at this time unless I changed my methods.
I haven’t been posting my sales as I haven’t had been selling much. However, I thought I’d post these sets of four teaspoons. I’ve had them listed for a long time (years), but, for some reason, I’ve sold four sets in the past two months to three different buyers. I have only one teaspoon set left (plus some other knives and serving pieces from the original purchase).
Week of June 29 – July 4
Total Items in Store: 1323 eBay, 33 Etsy
Items Sold: 5 eBay, 0 Etsy
Cost of Items Sold: $0 + $14 Commission
Total Sales: $80.76 eBay, $0 Etsy
Highest Price Sold: $22 for 1990s Claris FileMaker Pro Apple 3.5″ Disks
Average price: $16.15
Returns: 0
Money Spent on New Inventory This Week: $0
Number of items listed this week: 5I listed 5 items.
The past several weeks seem to be the same; list five items and sell five items. Usually, the items I sell are much less than the ones I’m listing.
If your item was delivered to eBay’s processing center without an issue, then it doesn’t matter where the damage occurred. Your buyer should open up a case stating that item arrived damaged. The last time I had to do this (maybe a year ago), the buyer was automatically reimbursed.
Week of June 22 – 28
Total Items in Store: 1320 eBay, 33 Etsy
Items Sold: 5 eBay, 0 Etsy
Cost of Items Sold: $4.44 + $11.50 Commission
Total Sales: $85.53 eBay, $0 Etsy
Highest Price Sold: $25 for Merkur 38B Safety Razor
Average price: $17.10
Returns: 0
Money Spent on New Inventory This Week: $0
Number of items listed this week: 0
@ChristineR – You know that you can get bad feedback removed if she threatened you.Obviously, from my numbers above, I’ve been accepting offers, some of them kinda low, and I had no higher value sales. I did retake the Etsy photo I mentioned last week to show that one of my vintage blue glass items is actually uranium glass.
I didn’t list anything this past week, but I did create some drafts and took some photos. Those will all be counted next week.
Just to be clear, I did clear out about 90% of my death piles in my auction. However, that 10%? SSSLLLOOOWWW ….
@craig-rex – Doing anything for eBay these days is rough for me, but, yes, whether it is taking photos or writing listings, I need to push myself to start and then to stay focused.
On Etsy, a person messaged that one of my blue glass trays was probably uranium glass. Lo and behold, it fluoresces green under a black light. I need to take a new photo and then make it active again. In my numbers, I have a 32* for Etsy listings; once I relist the tray, it will go back to 33.
Week of June 15 – 21
Total Items in Store: 1327 eBay, 32* Etsy
Items Sold: 5 eBay, 0 Etsy
Cost of Items Sold: $0 + $4 Commission
Total Sales: $148.06 eBay, $0 Etsy
Highest Price Sold: $60 for2 Rorstrand Kadett Cup Saucer Sets Red Stripehttps://www.ebay.com/itm/186557566206
Average price: $29.61
Returns: 0
Money Spent on New Inventory This Week: $0
Number of items listed this week: 5I listed five items this past week. Four were from the books mentioned above, and one was from a bag of jewelry that I’m working on now.
@Amatino – Nice to hear from you. I also shipped an item a day late, but I don’t know if I got a ding or not. My career job just keeps getting in the way, plus I forgot that I had planned a USPO run after dinner.Week of June 8 – 14
Total Items in Store: 1326 eBay, 32 Etsy
Items Sold: 5 eBay, 0 Etsy
Cost of Items Sold: $0 + $19 Commission
Total Sales: $160.01 eBay, $0 Etsy
Highest Price Sold: $80 for 1989 book The Intimate World of Alexander Calder
Average price: $32
Returns: 0
Money Spent on New Inventory This Week: $0
Number of items listed this week: 1My mom grabs books that her library is giving away, and I take the ones that are worth something. My high sale last week was one of those. I had two Calder books, and this is the second one to sell for best offer of $80.
I listed one.
I set up listings for several books my mom gave me, but only one went active. I will at least have four listings for next week, but hopefully I can get to more.
I was away for a good bit of last week, and I did not list anything, so my numbers continue to be low.
Week of June 1 – 7
Total Items in Store: 1327 eBay, 33 Etsy
Items Sold: 1 eBay, 1 Etsy
Cost of Items Sold: $11 + $0 Commission
Total Sales: $16 eBay, $82 Etsy
Highest Price Sold: Etsy for $82 for Phillip M Fragua Jemez Pueblo Storyteller Clay Pottery Figurehttps://www.etsy.com/listing/1750554316/phillip-m-fragua-jemez-pueblo?transaction_id=4617806173
Average price: $49
Returns: 0
Money Spent on New Inventory This Week: $0
Number of items listed this week: 0Zero for me. We were away for half the week.
@VT – I hear what you are saying. That is one of the reasons I haven’t listed some of my DPs that were left after my auction. These were items I wasn’t willing to put in the auction, and, apparently, they are items that I’m not so willing to do the work to clean or test.
During our trip this past week, my mom brought me some books that should be easy to list. My goal is to get some of those up so I’m at least on the board plus clean or test something in my DPs.
