Forum Replies Created
03/29/2021 at 3:24 pm in reply to: Scavenger Life Episode 507: The Professionalization of Online Selling #87120
Thanks for the podcast R&J
Here are my numbers for the week:
Items Sold: 64
Total Sales: $1315.52
Cost of Items Sold: $194
Average Price Sold: $20.56
Average Cost of Item: $3.04
Highest Price Item Sold: $59.95 Panasonic DVD VCR Player Combo
Number of items listed this week: 89 worth approx. $1945
YTD sales compared to this time last year: +25%
Hats sold this week: 51 (79% of sales) worth $929 (70% of sales $)
The changes to distribution of 1099s that was mentioned in this week’s podcast is applicable to the 2022 tax year so people wont see those till 2023 and many people are going to get a nasty shock. I was interested to see discussions in various places online about that. I’m surprised by the number of people saying that small sellers shouldn’t have to get 1099s, it’s not fair etc etc. I think of all the people working in minimum wage jobs that pay taxes and dont get a choice. Ultimately, if everyone paid their fair share of taxes (including the ultra rich and large corporations), taxes would be lower for all of us. Steps down from his soapbox.
We had a few garage sales around nearby this weekend and I bumped into regular garage sale (buyers) folk that I haven’t seen in the last 12 months. I feel a very gradual return towards normal in the air. The first offices in the Bay Area reopened this week including Uber.
My big sale of the weekend was some high end stereo equipment that I bought from a rich person garage sale. I paid up for it but I’m hoping the returns will be good.
I hope everyone has a fun and profitable week.
It is really really difficult to reconcile 1099s with our own records but here’s what you should look at:
The revenue number on the 1099 includes :
– sales cost of the items you sold
– shipping paid by the buyer
– sales tax paid by the buyer (including the sales tax that ebay manages and pays to states on your behalf)
I haven’t yet figured out whether the 1099 figures includes orders that were cancelled or orders that were returned & refunded.
@martyholthaus – I was making a joke. In this week’s show Jay mentioned the conspiracy theory that ebay throttles accounts. I was observing that R&J’s sales have been consistently around $1400/wk so eBay must be throttling them at that level.
Thanks for the podcast R&J.
I’ve been a bit lax about posting my numbers for no particular reason but here are my numbers for the most recent week:
Total Items in Store: 4485
Items Sold: 64
Total Sales: $1517.3
Cost of Items Sold: $207
Average Price Sold: $23.71
Average Cost of Item: $3.25
Highest Price Item Sold: $139.95 Samsung SCL906 8mm Camcorder
Number of items listed this week: 74 worth approx. $1677
Sales have stayed pretty consistent for me. Camera’s have started to be good flips for me so I’ve been buying as many as I can find at garage sales & estate sales. I haven’t yet made the leap into buying lots online.
Regarding Jay’s mention of the eBay’s sales limit issue. It’s true. It’s based on $ value. The limit for your account is currently $1400 per week. Prove me wrong. 🙂 lol.
I hope everyone has a good week!
Regarding downgrading stores, 2 people on a Facebook Reseller group said that they spoke to ebay customer support and we’ll be allowed to downgrade until the end of April without penalty. This sounds great but please verify this independently before downgrading your store if there’s a potential for large penalties.
Actually, I think I just found my own answer. If I’m reading this right there is apparently an early termination fee for store downgrades. See here: https://pages.ebay.com/stores/subscriptionterms.html
Could you find the end of your current store subscription here: https://www.ebay.com/sub/manage
Do the math to figure out what you’ll save / pay to downgrade early.
I’ll be downgrading to a premium store too. I only speak to Anchor Support a few times per year at most. Is there any “early termination” penalty for doing this? I imagine a lot of people will be doing the downgrade. I hope eBay is prepared for that.03/01/2021 at 12:58 am in reply to: Ebay is Deleting Listings Right in Front of My Eyes! #86310
I just watched one of my active listings renew. It disappeared from my active listings page and the search results but I could still get to the actual listing with the URL that I saved so I believe the listings are still there but they are missing from the search index. My guess is that the refreshing the search index has a delay. I’m going to be extra safe. I just ended 200 listings that were set to renew in the next 18 hours. I painfully remember when all our photos were deleted as the listings renewed and ebay promised they would be recovered. I’m not waiting around to see what happens this time. I’ll relist those 200 tomorrow if the problem is fixed.
I’m a little late post my numbers this week (as I was out in the hills hiking on a Monday!) but here there are now:
Items Sold: 74
Total Sales: $1743.74
Cost of Items Sold: $199
Average Price Sold: $23.56
Average Cost of Item: $2.7
Highest Price Item Sold: 2 sales at $174.95 i) Sony DCR-TRV103 Camcorder ii) Sims Boat Bag
Number of items listed this week: 46 worth approx. $1744
YTD Sales: $9277
YTD sales compared to this time last year: +19%
Hats sold this week: 53 (71% of sales) worth $884 (50% of sales $)
I had a great week. One of my best weeks ever. I had a couple of decent high $ sales (mentioned above) but mainly it was just a very large volume of regular sales without any real explanation as to why there were more of them.
I’ll echo the other comments here about having enjoyed your interviews in the past. Jay asks interesting questions when he interviews.
I hope everyone has a good week!02/16/2021 at 2:25 am in reply to: Scavenger Life Episode 501: Shout Out To Everyone Who Shows Up and Works #85950
Hi R&J – Thanks for the podcast!
Here are my numbers for this week:
Total Items in Store: 4457
Items Sold: 53
Total Sales: $962.19
Cost of Items Sold: $106
Average Price Sold: $18.15
Average Cost of Item: $2.01
Highest Price Item Sold: $34.97 Family Holy Bible Catholic Edition 1957
Number of items listed this week: 79
Average number of days between listing and selling this week: 373
Median age of sales (in days, between listing and selling): 156
It was an uneventful week on ebay though ultimately my total sales were better than expected since my highest priced item was a measly $34!
Jay you’re not alone about reliving life’s embarrassing moments. That’s been a real thing for me. I will visible wince or react at some of the dumb moments in my life as I relive them. I wish I had such similar strong reactions and vivid memories of the happy moments in my life too. In my 40s I tried to make a pact with myself that any dumb thing that I had done before age 40 could be forgotten / forgiven. After all, why should I be embarrassed about that dumb thing I said in front of the class in 3rd grade. It kinda worked. I’ve been able to take some of the feeling out of some of those really old thoughts.
Ebay-related: Before Christmas I received an email from an eBay employee who has the title of Growth Advisor. He offered to work with me, at no charge, to increase my sales. I met with him for about 30 minutes each week for 6 weeks and he would make suggestions about things I should try like running different kinds of promotions, and changing the placement of keywords in my titles etc. Ultimately I dont think his suggestions made a big improvement to be sales as I was already doing most of the best practices but it was pretty fun to be able to chat about my business to someone else who understood how ebay businesses work. I’d recommend the process for anyone else that gets an offer for something similar.
I hope everyone has a good week!02/09/2021 at 2:49 am in reply to: Scavenger Life Episode 500: Fireworks! Lasers! Weekly Numbers! #85767
Congratulations on 500 shows R&J. That takes a lot of grit. So many youtubers and podcasts have come and gone since I’ve been reselling but Scavenger Life has always been there encouraging and educating me.
Here are my numbers for the week:
Total Items in Store: 4431
Items Sold: 60
Total Sales: $1169.81
Cost of Items Sold: $121
Average Price Sold: $19.5
Average Cost of Item: $2.02
Highest Price Item Sold: $220 Magnavox DVD Recorder & 4 Head Hi-Fi Stereo VCR
Number of items listed this week: 54
Hats sold this week: 48 (80% of sales) worth $722 (61% of sales $)
It turned out to be another solid week. No complaints here.
Regarding seeing past best offers for a particular item, you can use this link. Replace the xxxxxxxxx bit with your item number:
Regarding using a rewards/points credit card for shipping fees when under managed payments, the only way I’ve heard of that being done is to empty your PayPal account so it doesn’t have a balance and then have a rewards/points credit card as a backup payment option in PayPal and select PayPal when creating a shipping label. I haven’t tried that myself but I remember hearing it somewhere. YMMV
I hope everyone has a profitable week!
<div class=”loop-item–1 user-id-2 bbp-parent-forum-26 bbp-parent-topic-85525 bbp-reply-position-34 even post-85589 reply type-reply status-publish entry”>
> Is this because of the pandemic?
Yes. Even at this time of year I’d expect to be able to go out and find some garage sales. And estate sales would be far more common. Thrift Shops aren’t a good source for me but 2 out of 3 Thrift Shops in my town closed last March and have never reopened.
Thanks for the podcast! I hope things settle down a bit for you. It sounds like you’re pushing the limits at the moment. (Though I can only see things getting busier for a while longer until the coffee shop is running smoothly).
Here are my numbers for the week:
Total Items in Store: 4437
Items Sold: 63
Total Sales: $1248.09
Cost of Items Sold: $176
Average Price Sold: $19.81
Average Cost of Item: $2.8
Highest Price Item Sold: $59.95 Chauvet DJ Obey DJ LED Light Controller
Number of items listed this week: 121
Average number of days between listing and selling this week: 359
Median age of sales (in days, between listing and selling): 118
Another reasonable week for me. I have a hunch this week is going to be quiet for me. There are still almost no real local sourcing options so I’m running out of everything (other than hats) which is likely to result in lower sales numbers.
I’m in the holey sock club too though I have a self-imposed rule that I’ll wear things till they get holes but once they get holes they get thrown out. Of course, since retiring I’ve learned how to use a sewing machine so maybe I’ll be trying some repairs in the future.
Random topic that I didn’t see mentioned in the forums. Apparently eBay is going to be phasing out Parcel Select as as shipping option. This last week I saw several people complain on Facebook forums that Parcel Select was missing as a shipping option even when that was the shipping option on a listing that sold. (It’s going to be a gradual phase out). Source
I hope all the east-coast folk get through the big winter storm unscathed this week.01/26/2021 at 7:19 pm in reply to: Scavenger Life Episode 498: eBay New Listing Experience #8542801/26/2021 at 7:16 pm in reply to: Scavenger Life Episode 498: eBay New Listing Experience #85427
@lukastreasuretrove – The other report that I tried (unsuccessfully) to link to above includes additional types of transactions including shipping labels, refund etc. It’s more detailed. For orders it also includes final value fees. And, yes, this is under the managed payments section of the website. The corrected link is : https://www.ebay.com/sh/fin/report