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I posted this a while back and didn’t get much of a response. It’s a bit of work, but is actually easier than it looks.
Interesting podcast.
As a kid, I obtained a small inheritance in the late 1970’s. My mom put it in CD’s and over the course of 10 years it doubled, which works out to just over 7% a year, which is not bad. That basically paid for my college and a bit of youthful foolish spending.
Yes, mortgage rates were in the teens. Gold and silver had a really nice run up too, before basically crashing. Inflation ran up and was really high in the 1970’s during the Carter administration and into the early 1980’s.
If I remember right, college tuition was $2500 a semester in the late 1980’s.
How times have changed.
Hi Doublythumbs,
Nice buy on the bike. I’ve been finding deals on older bikes via “Offerup” lately. Around here, there are several people flipping them on Craigslist and the asking prices are pretty high.
I like to buy old mountain bikes and convert them to indestructible street bikes.
If you think you’ll be riding it, or selling it as a runner, you should take a good look at the brake shoes. They rarely get replaced and on the older bikes tend to dry up and become useless. I generally pay about $8 for 2 sets on Ebay (front and back).
So far every bike I’ve bought, has had junk brake shoes on it. I even bought one for $20 with $70 worth of brand new tires and tubes on it, but the brakes shoes were junk.
Great finds as always.
Yes, I couldn’t agree more on the western Massachusetts thing. I grew up in Boston and went to U-Mass Amherst for my undergrad. It was like another country altogether. Driving that 100 miles or so to get there, was a lot like driving to the moon.
When I grew up, everything we did was local. Nobody ever seemed to go anywhere and if they moved away, it seemed like you never saw them again.
Out on the west coast, it’a no big deal to drive from Los Angeles to the Bay area or Las Vegas for a weekend trip. It’s sure a different world out here.
Life is funny.
A lot of people buys hats for display, so if it’s that unique, I’d list it as Jay says with good pictures and full disclosure of the damage.
You can change your handling time to up to 30 business days.
That should give you about 6 weeks to ship anything that sells.
Your sales will most likely slow down, due to the extended handling time.
Good Luck.
Hi Shawn,
A couple of things you may want to consider, while your store is still relatively small.
1. Set up shipping polices through the business policies section of Ebay.
2. Set up an inventory system, so that somewhere in the listing, it will tell you where the sold item is located.
Both these are much easier to set up while your store is small. If you’ve already done so, then great, otherwise, there are a bunch of posts on both topics.
Welcome to the group.
I think you’re right on the drop shipping.
I read some of the negative feedbacks. They tend to tell the story.
I’m in the laptop camp too, not just for listing, but for researching prices and even when making purchases.
I use my phone for pictures and to keep an eye on questions, sales etc.
I don’t think the App is near as versatile.
The best advice I can give you is to try them both.
Good Luck.
If you have to take out the money, it sounds like you don’t need it to live on yet. You could just reinvest it in similar investments outside of the retirement account. If that means index funds, then the tax implications on future earnings would be minimal, until it’s time to sell.
If you empty your Paypal account (transfer money to your bank) before printing your shipping labels, then it should take the money from your backup source or credit card.
This is probably not as clean, but a work around to get the points for your shipping expenses.
+1 on the dual monitors..
Sometimes I’ll have two different browsers open with two different Ebay accounts, so that I can see my items from the outside (like a buyer would).
I saw the interview with the girl who dropped it. Unless she’s lying (or staged it) it’s probably true. Then again if In-N-Out suddenly opens up on the east coast, it may not be.
Either way, they’re getting a lot of publicity from the deal..
