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You guys made the Southern Split roast sounds so good that I ordered a 2-pound bag. I was very impressed by how quickly it shipped and even more impressed by the incredible taste. It was AMAZING.
I told my sister that I would mail her a bag, but when I just went to buy it it now is charging $6 for shipping instead of being free and also it says your SL10 code is no longer valid. So now instead of $27 it’s going to cost $36 which is a huge bummer.
Do you know if that is how it’s going to stay from now on?
It just happened again to me tonight that I went to refund someone after I had drained my PayPal before I shipped and it wouldn’t let me.refund them. Before when it happened to me I gave the refund during the day when I had money in my account and it was fine, but it must have actually tried to refund them during the window in the middle of the night that my account was at zero (because I woke up to a message that the refund didn’t go through). That’s why I thought it was a glitch especially after reading the Reddit thread where someone called PayPal and PayPal told them it was a recent glitch.
However because it happened tonight where it immediately rejected the refund it makes me feel like it’s a new rule PayPal has started recently. It would make sense that some reps were misinformed and calling it a glitch when its not.
I think that when people get so critical of flippers there is definitely a seed of jealousy in there. It’s not anything that they’re conscious of but subconsciously they think that if they can’t do something like that somehow it shouldn’t be right for others to do it.
That’s so awesome that you do Amazon FBA. #Goals
Also I wanted to add that Paypal experienced a bug the last few days where if you did a refund when your account is at zero it denied the refund. This is not normal it should just take it from the connected bank account.
I empty my PayPal account to zero every single night right before I buy my shipping. That way when I buy my shipping it charges it to my default payment method which is my PayPal credit card. Since I buy between $100 and $200 of shipping a night I’m getting back 2% on all of that in cash back rewards.
So this caller (and anyone else) doesn’t have to stress about keeping money in their PayPal… what he experienced the other day (it happened to me as well) was a glitch. There was a post about it on Reddit.
I have to wonder if the $0.10 has anything to do with the fees PayPal takes out on the tax.
(Side note on taxes is that I believe the new sales taxes that Ebay is charging buyers is part of why the end of 2019 was so bad for a lot of sellers.)
Such great advice and I definitely want to save at least 10k before I get off help… If not more
What is great is that for 5 years if something happens and you lose your income you can right back on SSDI, so it is nice to have that fall back.
Yay congrats on such an awesome sales week!!!
I feel so happy for you guys and I hope its the start of a new trend.
I guess should have worded it more like maybe some people come looking for more of a social platform but then they leave again when it’s not as much chatting as they expected (but they aren’t necessarily leaving because they’re eBay businesses have stopped).
I guess it’s probably a really good thing that it’s not super social because with less clutter it saves a lot of time for people. I’m sure we are all crunched for time in this business.
As far as my living expenses they are very low right now because I get subsidized for my housing by a program because of having Social Security (due to a bipolar diagnosis that I have been able to manage for years now on the right medication).
I only have to pay $150 a month in rent and the rest is paid for by this program. I have been able to live completely on food stamps and the $800 I make a month on Social Security. So all the profits that I have been making with eBay I have not had to use for my living expenses I have been able to put them back into more inventory. So I am definitely in a very unique situation that has enabled me to grow the business quickly. I can’t imagine how hard it would be to grow if you had to siphon off money from your profits to pay for your living expenses (or if you had to try to grow it while working a full-time job).
I’m trying to grow as quickly as possible because I know that the time I will have support will end eventually and I will have to fully pay for all my bills with my eBay/Amazom income. Luckily when I move this summer they’re still going to pay about half my rent so we will probably each be pitching in about $900. I have been very open with them about my eBay business and they have been very supportive of still helping me make the transition.
Sorry if that was way too much detail but I know you like numbers. Thanks so much for the response.
Thanks for the response Mike!
Yeah after I talked about my business and shared my numbers a couple months ago Jay had some questions which was really cool but I guess since I didn’t get a response like the one you just shared from anyone else I sort of assumed that I was bugging people which I definitely didn’t want to do. I really appreciate you welcoming me thank you <3
I don’t Source wholesale but I definitely have been trying to figure out how to do that so that I can get ungated in topicals on Amazon (and potentially grow bigger using Amazon FBA). It seems that if you’re honest with wholesalers about wanting to sell on Amazon they pretty much shut you down. When I found a wholesaler that I thought showed potential and supported Amazon it turned out that what they really wanted to do was charge me several hundred dollar for their ungating service (which I did not fall for).
I actually source using online arbitrage from mostly Ulta and Sephora… chasing sales, clearance items and stacking deals and free gift with purchases.
I live in a 875 square foot apartment with $60k worth of inventory so needless to say I have a long ways to go in optimizing my storage systems. I cannot wait until my lease is up this summer and I can move out into a bigger place.
I’m a single mom of a two year old and I have been on living on SSDI but now I am joining The ticket to work program to get off of it and support myself fully with this business.
Thanks again for your response.
I was very excited to hear another interview with Troy and the episode definitely did not disappoint!
I wanted to come forward as maybe one of the people you were referring to that stopped by very excited about eBay but then dropped off the forum.
I’m not sure if there are other people like me but I didn’t drop off from here because eBay isn’t going well for me.
I guess I posted my numbers here because in real life there’s not a lot of congratulations surrounding ebay success because people don’t really understand how hard it is. So I guess looking back I posted my numbers on here to get that validation that I was doing well from all my hard work.
However I feel like when I posted my numbers it was kind of awkward and no one really did congratulate and if anything it may be caused some tension or something. I can totally be reading into it but if I got that vibe there might be other people who have too.
Anyway I love your guys’s podcast so much and it’s what I look forward to the most every Sunday. I wouldn’t be where I’m at without binging on years worth of your episodes when I was getting started.
Here are my numbers. I am the one that sells new beauty products and makes about one-third of the sale price in profit… but I am doing good spending all my profits back on inventory and continuing to grow.
-Anna
The reason the new account can’t use Global Shipping is probably because all new accounts are being put into the Managed Payments system. And as we know Global Shipping is not available if you are signed up with Managed Payments.
Great Podcast! Congrats on the awesome week of sales 🙂
There was a talk by an eBay representative in the search program that was posted a while back here by Jay and Ryanne. He said that there is a temporary search boost that’s given to new listings.
I make about 25%-33% profit on those numbers.
I make a lot more than someone who is simply sourcing wholesale because I am actively finding sales on deep discount that usually come with many free gifts with purchase that I sell.
It takes many hours of deal-hunting a week but I really enjoy it for some reason.
Hey this is Anna, the girl that called a few weeks ago that is a new seller of Beauty Products.
I wanted to share my view about relisting every 30 days.
There are no solid rules about what everyone should be doing. Ebay is of course not hiding anyone’s listings, it really just comes down to your rank in search.
Ebay does bump up new listings in search, which is why some people do notice some increase in sales by relisting older items. However if there is not a demand for your item or you are priced too high this won’t help you.
In a store like Jay and Ryanne’s where they have unique items search rank may not be very important. If there are less than 20 of a certain item available than most likely the buyers will see them all, and rank will not matter.
If they had a pair of jeans that isn’t any different than hundreds of other pairs they may briefly benefit from relisting. But as was very well said in the podcast, is that chore going to take away from their enjoyment in the store?
I do think there are some sellers who enjoy ending their items and relisting because like Jay had said in the past it gives them a sense of control of what is happening.
I did an experiment where I relisted about 30 one-off items that have sat for a few months and one of them sold from doing that. With Bulk edit it only took me a few minutes to do.
I find that if I go through my store and lower the price on a ton of items by $1 it has a similar (if not greater) affect and I see an enormous boost of sales for a few days. Then it goes back to normal.
Anyway I don’t think we should be so polarized for or against the method of relisting. It is all about what you sell and what relisting will do for your quality of life. And know that by relisting you aren’t saving them from being invisible, you are just briefly bumping them up in search.
Thanks for another great podcast today.
Here are my recent numbers. I am growing fast and I wouldn’t be here without this podcast.
I had always had to live frugally because I only make $794 a month on SSDI. Even though I have this Ebay money coming in, I haven’t changed any of those habits. Basically I don’t take any money out of the business and have put all profits I make into more inventory. I think that is the biggest reason I have grown so fast. There always seems to be deals that pop up, and when they do I just pour the money I have made recently into buying as much as I can.
It varies quite a bit. A lot of of times you break even on an item you buy on sale but there will be a multiplier on points so you are getting half half or more of the cost you paid back in points. Plus you can get these free Beauty Bags of sample/travel size that you can break up and sell for quite a bit.
I would estimate that on that $8k of sales my profit after shipping, fees and cogs was $2k.
I am excited about doing my taxes and using Excel and really breaking down the numbers for myself.
