[T-Satt]

Yes, if you are selling something to a buyer that is in your state, then you have to collect and remit sales tax.

The Sales Tax Exemption is something you use when you are buying items. By presenting to the retailer, you are stating that these items are for resale, and you don’t have to pay the sales tax. And you don’t have to collect it and pay it later if the buyer is in another state.

[T-Satt]

Regarding Sales Tax: If you are purchasing the item for resale, and you have a Sales Tax Exemption Certificate, you do not have to pay sales tax on the purchase. For us in Colorado, that is about an 8%+ savings on inventory purchases.

Collecting and remitting sales tax is a different transaction, that will change state by state based on the nexus of the business (where you are) and where the transaction took place.

Bottom line: You will not have to pay sales tax on your purchases of inventory with a Sales Tax Exemption Certificate.

[T-Satt]

$1.50 per item.

[T-Satt]

Week of 3/18-3/24
Total Items in Store: 1,894 (Up 27% YOY)
Number of Items Listed: 80
Number of Items Sold: 62 (Down 21% YOY)
(Includes 2 Etsy, 0 Bonanza, 0 TrueGether, 0 Amazon)
Weekly STR: 14% (Down 8% YOY)

Total Product Sales: $1,704 (Up 4% YOY)
Cost of Items Sold: $284
Highest Item Sold: $126 – VTG Harris Tweed Three Button Sport Coat
Competition: Highest Priced Sale: Troy wins the week and Troy leads the year at 7-5.

eBay Clothing
# Listed: 1,132
# Sold: 43
STR: 16%
ASP: $26.60

eBay Shoes
# Listed: 119
# Sold: 8
STR: 29%
ASP: $39.77

eBay Hard Goods
# Listed: 643
# Sold: 9
STR: 6%
ASP: $22.03

Etsy Hard Goods
# Listed: 154
# Sold: 2
STR: 6%
ASP: $19.87

We start a new phase in our business today, when our photographer starts with the first batch of items. We found someone who will work on a contract basis, and he has his own studio where he works. He will take items to his place, do the photos, then bring them back with the photos and we can list. Hoping this goes well, as it could really help our plans.

Love your conversation on the sourcing road trip. That is something we are going to plan as well. When we have our second person to list/ship (maybe later this year), then it will free us up to focus on sourcing and pricing listings, and we can do that from the road.

Also love the lifestyle discussion. First identify what you want for a life, then put the plans in motion…

On that lifestyle, I did some more training for the Colorado Trail yesterday. 17 miles with a 42 lb pack, 4,692 ft of elevation gain, 8.5 hours. A big part of that ended up being one HECK of a climb (2000 feet up in 1 mile). Now, I just have to be able to do that 30 days in a row…

[T-Satt]

We are soooo trying this!!!

Thanks!

[T-Satt]

If you are in the Handling Program (which you should be), as long as you get the acceptance scan from the USPS within your stated Handling Time, then EBay would pay for the shipping reimbursement. You would not pay anything.

[T-Satt]

Mdm123: very impressive STR and ASP on your store!

[T-Satt]

Printing to a Dymo should be no issue. Our EBay and Etsy are linked already, anything on other platforms are entered manually.

Check their site. Really easy to sign up, site is easy to learn.

[T-Satt]

Very cool story. Reminds me that there isn’t a “right” path, only the right path for you.

[T-Satt]

We use up way more than $30, so I saw the full $30 credit in Feb.

[T-Satt]

Tina: look at Shippo. Your Padded Flat Rate will be $5.83. Keeping a $6.99 Shipping Price, you can build up a reserve to cover returns. This is what we are doing.

[T-Satt]

Amen Sonia! We got 20 garbage bags full of free packing paper. Love Craigslist and IFTTT.

[T-Satt]

Week of 3/11-3/17
Total Items in Store: 1,920 (Up 33% YOY)
Number of Items Listed: 27
Number of Items Sold: 61 (Down 19% YOY)
(Includes 4 Etsy, 1 Bonanza, 0 TrueGether, 1 Amazon)
Weekly STR: 14% (Down 9% YOY)

Total Product Sales: $1,773 (Up 24% YOY)
Cost of Items Sold: $363
Highest Item Sold: $150 – Original Microsoft XBox Console Lot
Competition: Highest Priced Sale: Veronica wins the week and Troy leads the year at 6-5.

eBay Clothing
# Listed: 1,173
# Sold: 36
STR: 13%
ASP: $21.64

eBay Shoes
# Listed: 120
# Sold: 5
STR: 18%
ASP: $31.96

eBay Hard Goods
# Listed: 627
# Sold: 16
STR: 11%
ASP: $39.17

Etsy Hard Goods
# Listed: 149
# Sold: 4
STR: 12%
ASP: $51.89

Focus for last week (and early this week) has been on getting our first employee hired. We had a great phone interview on Friday, but he decided on another path last night before we could meet in person. Had one phone interview this morning, and hope to have another later tonight.

[T-Satt]

Nice job on the 2x-3x sale Retro. Get those sometimes as well, as long as the profit is worth our time.

[T-Satt]

Shayward: I’m with Christine in believing in listing a little each day. From our side, we see that eBay likes consistent new items. I have it easier, being that we are large enough to use SixBit, so we schedule for free.

[Author]

Posts