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Thanks, I’ll look into it!
I actually like the idea of an auto-repricer but I want to be able to set the percentages and timeframes myself.
Yeah let me pile on too. Gambling against the house is a sure method for turning some money into less money. That’s why casinos exist in the first place. Unless you count cards or are a poker shark or something, just fuhgedaboudit.
Cool necklace you guys sold! I would never have found that.
Some bad news for Canadian sellers came last week. Canada Post, already a good 20 or 30% more expensive than USPS (and so impractical for shipping outside of North America that some Canadians actually use special services to ship internationally via USPS), is now ending their deal with eBay/Shippo, and we will now be paying full retail price for labels. Realistically for me that means about 10% less profit. US buyers already think my shipping is too high. That being said, I’m trying to sell higher-dollar stuff where shipping is less of a dealbreaker.
I will continue to ship Canada Post but this makes me grumpy.
Fair to middling week. Still keeping the purse strings tight till the credit cards are all paid off.
Sales: CAD$1006, 10 items, COGS: $161 –> Item profit: $673
Expenditures: $148 –> After-tax cashflow: $511
Notable sales: $128 pipette plugger, $125 hair steamer, $100 HDMI presentation hub thing. No home runs.
Notable buys: Bought a fancy Acroprint time clock at a country garage sale for $70 with a couple throw-ins. Hoping to get about $300 from it.
Listed: $415, 9 items
Hours: 8, $64/hrI agree that the expectation that a business needs to be growing is a sort of lost purpose. I’m interested in growing but not at the cost of spending much less time with my kids. Challenge is to use the same hours to achieve more, not to work harder.
You full timers are awesome! Good luck Julie!
I hope I will get to that point within 2 years while my kids are still young.
I sometimes joke that calling millenials on the telephone without warning is an act of violence.
We have talked about the diminishing marginal returns to inventory size before. I think it’s basically a selection effect. Huge inventory implies a large fraction of old inventory.
The best items you listed in 2016 have sold already so the proportion of stinkers (at least, stinkers AT the listed price) grows with bigger inventories.
Curious now why you needed a tractor. Mower attachment?
Didja part it out?
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This reply was modified 3 years, 3 months ago by
simplicio.
Re your comment in the podcast on all these free shipping, free returns questions.
99% of my listings have calculated shipping (and Canada Post is kinda pricey compared to USPS). I have 3-day handling. And I take returns but buyer pays shipping. Dunno how things would be if my policies were more aggressive but I’m doing OK.
Cool, I’ll check it out. Hadn’t got too far into it, that’s just one brand I’d heard mentioned. Looking at prices I see you’re right.
It’s just like insurance, right? Ideally, your house never burns down. That doesn’t make the premiums a waste of money.
That’s great! Sounds like you’re much farther ahead than we are.
Our food situation is pretty pathetic atm but I plan to rectify that by the end of the year. We may go nuts and just get a big order of freeze dried stuff from Mountain House or something.
Business/industrial is the eBay supercategory I find myself listing in most. It’s kind of a catchall but includes: medical & scientific equipment, industrial parts (for e.g., lathes, drills, arc welders… etc etc etc), restaurant equipment, point of sale equipment… to many to list. Have a flip through the category and you’ll get a feel for it.
I get a lot of stuff from government surplus and from industrial auctions (e.g., a machine shop closes and their equipment and inventory gets auctioned). Obviously at the latter I’m “small fry” – I’m not buying the lathes or whatever, just the smaller parts & consumables.
Anyway the point is, this kind of stuff is bought for a purpose, not as a christmas gift.
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This reply was modified 3 years, 3 months ago by
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