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Yeah, I wish I could tell you the store is browsed, but you have a high repeat buyer rate compared to us, so you are doing something right!
For low dollar items, no gap. So a shirt that is for sale at $24, I would do $17/$16.99.
For higher dollar items, I will gap. So a $125 suit may have $90/$75.
For clothes, I use the auto accept/auto decline. Most of the price points are below $40, so I don’t want to waste the time with lots of $5 + Free Shipping offers. Plus, I like that if I’m working, shopping or sleeping, the sale can be made and the buyer can pay.
For higher dollar items and all of Veronica’s stuff, we will use the auto decline at around 50%. The rest is negotiated.
We haven’t been stalked, but we have been contacted twice through our Facebook page related to our store. One resulted in a sale (through eBay), the other didn’t.
The main question is how many people browse “your store” vs search on eBay in general and find your items. That is a question I wish I could answer.
If you have repeat buyers on a regular basis, you may have people that truly are searching your store regularly (like a web page). In that case, you want to keep relevant items in that store for those buyers, and your other items would go in your other “General” store.
Depending on the niche, you may be able to have that relevant store via Pinterest and Instragram work…
+1 on the beautiful work. Those are some really nice pieces that you showed. Very nice work!
LOL!!!
I think either one is good, just more of a Coke/Pepsi, PC/MAC thing. Whichever fits best!
I do like that SixBit is customizable, so I can make my screen flow with how I enter data, and the Etsy piece is great too (though that platform is still really slow for us). But try them both and pick the one that fits your style. They both have free trial periods, so try them out.
100% Agree!!!
Our listing plan is that we don’t put it into SixBit until we list, so our unlisted items are not in “Inventory” until then. But in about 1 hour max at the end of the year, we create the database records for the value of the unlisted items and we are complete.
So many ways to do this, as long as you get it right.
When you have some time, check out videos of how the software works on YouTube. Great place to start.
+1 on what Mike said regarding the inventory software like SixBit or WonderLister. SixBit has a similar feel to the JDEdwards software I have used (and still use at my side gig) for accounting, so I slid into it well and have been able to coach Veronica on it.
+1 on the inventory of your death piles. While not critical now, we make sure that before we end the year, we have everything inventoried so that we have proper accounting for tax and for year end.
For our financials, I use a spreadsheet that I created that used information from SixBit as well as Quicken (where I manage the cash for the business as well as personal). I use the spreadsheet since there are more items I like to see than what they can calculate, plus I maintain charts and graphs to get good visuals on the business.
Sounds like you are on the right track. I would start working on it now to build your online inventory up and let that start generating more and more average sales per day. The work you put in now will start bearing fruit in a couple of months. Growth takes time. As they say…the best time to plant an apple tree is 10 years ago. The second best time is now.
Let me know if you ever want to connect directly to talk about numbers, forecasts, lifestyle, schedule, inventory, process, etc. when you go full time. I am by no means a 100% expert, but I would be glad to share what has worked and not worked for us, and can be someone that you can bounce ideas off of.
We should all put our story and manifesto out there. We can all learn and get motivation from each other.
Amazing how different areas price differently. When we were in Phoenix, I found some cold weather type clothes that were dirt cheap because they had no idea…I would never find them cheap in Denver!
Yeah, I get worried about yard sales sometimes when there is all Walmart/Target stuff for sale…
