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So, here is the first breakdown I have for the store. I lumped the Bonanza & TruGether sales into the eBay numbers since they are autolisted from eBay.
eBay Clothing
# Listed: 998
# Sold: 61
STR: 26%
ASP: $28.88eBay Hard Goods
# Listed: 712
# Sold: 28
STR: 17%
ASP: $20.95Etsy Hard Goods
# Listed: 112
# Sold: 3
STR: 11%
ASP: $29.88Manateejaq: Very awesome on your $3k milestone!
I’m about to post our breakout of eBay vs Etsy numbers, and I can see you are doing well on Etsy. Did you see a linear growth on your Etsy sales as you increased your store? Or did you see some dropoff as you have grown?
And that is the $64,000 question.
And that is the overall plan. We have eBay down pretty solid now, with our processes down to a pretty efficient level (though I still want higher output…never satisfied). For now, eBay is 90% about execution for us.
With our FOCUS method (Follow One Course Until Successful), now we feel that we can expand out into Etsy efficiently and make that a priority for growth for 2018. I’m also looking to keep our efficiency up on listing to allow time for us to create another income stream in 2018, either real estate or some other side gigs I am interested in.
Week of 11/26-12/02
Total Items in Store: 1,700
Number of Items Listed: 97
Number of Items Sold: 92
(Includes 3 Etsy, 2 Bonanza 1 TruGether)
Weekly STR: 23%Total Product Sales: $2,411
Cost of Items Sold: $421
Gross Profit for Week: $1,704
Highest Item Sold: $125 – Wilsons Leather Brown Suede Shearling Overcoat
Competition: Highest Priced Sale: Troy wins the week and Veronica leads for the year 27-20.November 2017
Number of Items Listed: 373 (Forecast: 400)
Number of Items Sold: 357 (Forecast: 312)November Sales Breakdown:
eBay – 339
Etsy – 17
Bonanza – 8
TruGether – 3
Amazon – 1Monthly STR: 21% (Forecast: 19%)
Total Product Sales: $9,655 (Forecast: $7,565) – Increase of 54% YOY
Cost of Items Sold: $1,931 (Forecast: $1,891)
Gross Profit $6,327 (Forecast: $4,375)Cracked $12k in Total Revenue (Product + Shipping) for the first time in November. We came in just under our listing goal for the month. Not bad considering some of the outside challenges that we had this month. Etsy is continuing to be a nice sales platform for us, and we have decided to keep Etsy going via SixBit for 2018.
Good question. I would think that if they are not crosslisting, that yes, they are making more on one and less on the other. You only have so much time in the day.
However, by crosslisting efficiently, you should be expanding your reach and increasing sales overall. This is why I wanted to use SixBit to efficiently crosslist. Expand our overall sales with a minimal amount of time spent.
I will look to start breaking down our Etsy numbers, and splitting out our EBay Hard Goods from Clothing. That way I can show how the STR for EBay compares to Etsy.
We list our vintage collectibles on both Etsy and EBay since November 1. Etsy has taken off for us. I need to start tracking EBay hard goods separate from clothing so that I can get an STR for each. Then I compare to Etsy STR. I think the Average Selling Price in Etsy is better, but a slower STR, but I need to prove that out.
It depends on the items you are listing. I can run about twice as fast on clothes than what Veronica does on hard goods since I can use templates and each listing is similar to other listings, while many of hers are unique.
Are you still listing consistently?
My sales on clothes have stayed consistent week to week. Though I know Cindy has said that her sales drop around now.
Do you have winter type clothing as well? Sweaters, jackets, suits, and Sport Coats?
100% agree. We are very reliant on USPS doing their job to help us serve our customers. I would go up the chain, higher and higher until the solution is fixed.
Completely understand. I have some really solid ones similar to yours, and I get having that solid feel. Plus, there is definitely something to be said for having a lot of similar bins and shelves, so that it stays organized and the pieces are interchangeable, rather than the hodgepodge you can get when scavenging.
I am always fighting the OCD side with the scavenging side…
And it may be that the items you sell are always longer tail too. I would check your category and see, by comparing the number Sold with the number listed. That should give an estimate.
I agree on scavenging for shelves and bins. We have purchased a TON of these for low dollars through those methods. You might try the Nextdoor app as well…
Love your ASP Geoff! I think if you can keep that up and keep up your listing numbers, you will be where you want to be. Your STR is still lower than what you want, but as long as you can get the storage solution, you won’t care because you will be making a solid profit off of less listings.
It would be great if your wife starts to enjoy it too. I love that I get to do this with Veronica and we get to spend time together. We have separate parts of the business, but it is great that we get to spend a lot of time together too.
