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I think that it might be possible to only sell the high dollar items, but I think that is something that you have to build to.
For the most part, the high dollar items require the right buyers, and you have to be willing to wait longer for the higher price. I will have to figure out the average days listed for our $100+ items vs <$100 items. I am assuming that the higher dollar items will be longer tail, but I should try to prove that.
I would also guess warehousing space is an issue with the higher dollar items. I would think they are generally larger, require more care to keep in good shape, and again, assume that they are longer tail.
Your swings in seasonality will also potentially be larger, as I would assume to get in the higher dollar items, you would be in a smaller niche, so daily/weekly/monthly swings in sales would be higher.
I would think that if you CAN do this, getting a following is huge. I think the owner of this store was at eBay Open. If he is the same as the gentleman I talked to, it was having the reputation for quality that developed his following (if you will notice, almost 12,000 people are following the seller you listed). That can help drive the sales, plus easier to market outside of eBay (Pinterest, Instagram, Facebook, etc.)
But the goal of driving up the ASP is always one to work on! Improve the process to make listing efficient, then cash flow up for larger and better inventory. That is our plan…
We were slower on Thursday, but Friday picked back up and Saturday was when we finalized the Dicken’s Village sale for $5k. Can’t say that they were was a large effect, as our sales were in our normal range.
We did run a Promotion from Thursday through Monday with 20% off, and had $243 in sales so far through that promotion.
I agree on the Promoted Listings. We are getting a nice bump from them ourselves. We have had 123 sales through Promoted Listings in the past month.
Yes, the purchase was through our eBay store. This was on a buy it now, and the buyer messaged their offer and terms until it was in agreement with the original seller. They accepted the offer of $5,000, payable in monthly installments starting on December 5. I am having the buyer and original seller get in contact with each other to handle the payment and pickup (I have stated to the original seller that I believe he should ask for money orders from Western Union, and that he should take them directly to Western Union to cash them to ensure their is no fraud).
Yes, I will just keep this as an unpaid item until paid. If they get late on the first installment and don’t follow up, I will open an Unpaid Item case to get the fees returned.
Ours have still been strong, and some of our best weeks of the year.
Veronica sells a lot of Christmas & Holiday items, so that definitely helps. But she also sells collectibles that we could see people sending as gifts.
For me, I start seeing jackets, coats, suits, dress pants, flannel shirts, sweaters all increase. Makes sense this time of year.
It all just depends on what you are selling.
No, you can’t use FedEx via PayPal.
But, you can try going to a FedEx office, shipping the item, then adding the tracking number into PayPal.
Week of 11/19-11/25
Total Items in Store: 1,696
Number of Items Listed: 44
Number of Items Sold: 64 (Includes 2 Etsy)
Weekly STR: 16%
Total Product Sales: $6,726
Cost of Items Sold: $328
Gross Profit for Week: $5,946
Highest Item Sold: $5,000 – 275+ Piece Department 56 Dicken’s Village
Competition: Highest Priced Sale: Veronica wins the week and Veronica leads for the year 27-19.No, that total sales number is not a mistake.
However, that includes a $5,000 sale of a 275+ piece Dicken’s Village collection we sold on consignment for a person in our area. Now to hope that it all goes through. They are paying for this on a monthly plan with the original seller, and we are just in the middle making sure it all goes smooth. We are due a 15% commission on the sale once it is complete in April, so let’s hope it goes through.
The listing numbers are down with the holidays and taking some time off to spend it with my family. Was a bit of a rough week on a lot of fronts, so we could use some prayers for some smoother water…
Working on my contract job for the next two weeks, but I’m committing to still getting listings up each day early. So list from 5-9, work the contract job from 10-6. Trying to keep both gigs going right now.
Yep, Luke is pretty good. Steve Raiken started me on this path as well. I wrote my take on suits and Sport Coats about a month ago if you are interested.
As a follow-up, SixBit got back with me and showed how I can pull the Item Description into the Etsy tab, and how to copy the Item Specifics from EBay into the Tags in Etsy. That will save a little time.
I’m not sure if you can or if they have that functionality, but similar to using the snippets in SixBit.
You can use the snippets inside your description, so that whatever you put in item specifics, condition, etc., it is also put in your listing description. I would like to see if they have the ability to link the item categories in eBay with the categories in Etsy. Or the Item Specifics with the Attributes. That way, whatever I put into eBay can already populate the Etsy tab.
It would speed things along for Veronica. Similar to why I have 17 templates just for clothes, because I already have a lot of stuff filled out for that item (eBay Store category, My Store category, item specifics, etc.) Just wanting to speed up and automate the process.
One of my favorite lines!
“There is no way…NO WAY…that you could come from my loins.”
I can neither confirm nor deny that I have said this to my sons…
It isn’t a one-click, but it is pretty quick. She basically just copies the Item Description from the eBay tab to the Etsy tab (in SixBit), then fill out the Attributes, Tags, and Categories on the Etsy tab, then send it. Really quick.
I’m going to ask the SixBit crew if there is anyway to automate the Etsy side (like IF/THEN statements).
It is better than Bonanza and TruGether as well, since once something sells on Etsy, the eBay listing is taken down (and Vice Versa). With Bonanza and TruGether, we have to enter the order into SixBit manually.
Yeah, I think I saw that at one point. First, I need to get the knowledge and try 1 or 2 before trying to get more into it. At that point, I can see how I like it and what to do to comply with the law.
Vehicle arbitrage is something I wished I knew more about and could make money at. Being able to inspect a car, know that you can get it for a deal, repair/clean it, and then flip for $500+ profit or more, and have less than 10 hours work into the deal. Being able to do that once a month would be great.
