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It works really well. We had our first Etsy bug this weekend (SixBit missed some orders on Etsy, but I entered them manually and sent the support team a message).
Other than that, love it! We went from 0-100+ listings very quickly. There is still some manual work for the Etsy listing, but still a time savings from scratch.
Just remember our talk about you time to list…what is your time worth? It got Veronica down to 2 minutes per listing to cross list to Etsy.
For your troubleshooting, I did a big edit on mine, but it was fine and the edits went through. That was the first time it worked…but it worked! Happy bug hunting!
Week of 12/03-12/09
Total Items in Store: 1,675
Number of Items Listed: 93
Number of Items Sold: 78
(Includes 6 Etsy, 3 Bonanza 1 TruGether)
Weekly STR: 20%Total Product Sales: $2,020
Cost of Items Sold: $388
Gross Profit for Week: $1,540
Highest Item Sold: $149 – Members Only Genuine Leather Jacket
Competition: Highest Priced Sale: Troy wins the week and Veronica leads for the year 27-21.eBay Clothing
# Listed: 1,009
# Sold: 42
STR: 18%
ASP: $27.61eBay Hard Goods
# Listed: 675
# Sold: 30
STR: 19%
ASP: $19.66Etsy Hard Goods
# Listed: 125
# Sold: 6
STR: 21%
ASP: $45.05Regarding Etsy, I will say that if you are not cross-posting, it is a push vs listing on eBay. You can seem to get some higher prices, but the STR may be longer (though this week, Etsy had the highest STR). That is why we wanted to get our process solid with eBay, and then use SixBit to expand into Etsy without losing productivity. Our business model is to keep growing the eBay business, then bolt on other businesses without sacrificing the ones that are working.
Thanks and a huge shoutout to the caller on the digital lockbox for packages! When we move to a more rural area, that process will be huge for us to avoid having to travel into town to ship every day. Thanks!
Glad you are okay!
Agree with your process change as well. I do listings in batches. All the photos and create the draft (no price, just the item details), then the photo edits, then the pricing and submit. Helps you focus on your task at hand.
Yep, and when those regulations forced car manufacturers to put those on cars, we paid for it with higher car prices. The cost was passed right along to us. We got the benefit, and we paid for it.
Safety wasn’t always the highest priority in cars either, but now all car makers fight to show who is safest. They are giving the public what they ask for.
Laws can be passed to force what isn’t currently economically a competitive advantage, and companies will pass increased costs on to consumers.
We can get there the economic way, or we can all pay for it when it isn’t.
I’m of the philosophy that self interest will drive innovation faster than being forced. The company that cracks cheap renewable energy, and the one that cracks quick recharge stations will tske over the market and be paid for its innovation.
Yep, and especially here in Colorado. Here, natural gas is cheap. It is mainly a by-product when drilling for oil.
More drilling and fraking will have to take place to support the demand.
“The problem is that progress rarely happens unless it is profitable.”
That is how you solve it. Make it profitable. Simply that. When that happens, the rest will follow.
People, companies, and governments all act in their own self interest.
The largest hurdle for electric cars is the recharge issue. I have driven to Montana and back twice in the last few weeks. I can be in and out in under 10 minutes, with only 5 of that being the fill up of gas (the other 5 is the potty break!). Before they get too far…that is the issue.
Plus, the power consumption of all electric cars. We would need a MUCH larger electric generation process to handle that. Right now, a lot of electric cars are powered by coal…since that is how the electricity is generated in that area.
And self driving cars will have the same issue with refills. Short trips in town, sure. Longer hauls…not so much.
Concept is good, but 100% participation…those logistics are much harder…
Agree.
Though Veronica and I are somewhat tied to our store as well. When we are gone, who will do the shipping? We can do what we have in the past, extend handling time.
But if we have an employee that can ship for us? Store keeps churning and we are on vacation…
True, but if you are getting value from their work, it is a net positive to the bottom line.
I think you said at one time that you can get 6 listings per hour from your assistant, and you paid $15 per hour? That should be a net positive for you, if it is adding to your current listing work.
We are going to be hiring a photographer very soon, and I’m doing that dynamic forecasting now. If X cost per hour yields Y extra listings per week, what is the target range for cost and for their output to keep things profitable and yield an increase in the bottom line.
PS – How did you do your payroll calcs for your assistant? Yourself or your accountant? If yourself, did you use a payroll service or did you calc using a spreadsheet?
Yep. We should time capsule our forecasts for what life will be like in 10 years.
Robots: Nope, but AI intelligence in our phones and homes via voice control? That is my bet.
Self Driving Cars: In some major cities, yes. Rural, no, and probably never will be. We don’t have rail systems in Podunk Nebraska either for the same economic reason.
Renewables: Good question. Economics still have to come down for the generation and storage of energy from Wind and Solar. Still the reason that it has stalled. Nuclear? I would love to see that expanded here in the US. Bad press keeps it out, yet they have moved forward in Europe & Asia. We are way behind…
Space: Probably. Musk is shooting for Mars first mission in 2022, so I would add a few years to that (he is always late). Colony on Mars in 50 years? Just might. What we need is a Terraforming project for Mars. THAT gets really interesting for me. In 100 years? Possibly. 100 years ago, we just started having commercial air travel…
