Forum Replies Created
-
AuthorPosts
-
06/26/2017 at 10:38 am in reply to: A minor philosophical point on ROI versus "value of your time" #19792
Yep. Me too!
06/26/2017 at 10:38 am in reply to: A minor philosophical point on ROI versus "value of your time" #19791That makes sense.
I agree that I underused the PFR until recently. I’ve gotten good at stuffing with class…😄
06/24/2017 at 8:18 pm in reply to: A minor philosophical point on ROI versus "value of your time" #19756I agree. This is also why I want to make the listing process as efficient as possible. If I can keep to listing 4 items an hour, at a MINIMUM of $10 profit per hour, I am getting $40/hr. When I do my consulting, I get a bit more than that, so that makes it even.
I always think about how long to list (and Veronica also adds in how long to ship for bulky items), and any prep time, into the buy decisions. That holds us back on some shoes, as I know that it will take 15 minutes to clean and prep, and for us shoes are long tail, so unless the potential sales price is large, I will pass. If they are in great shape, no problem. But if they need prep, it has to be a bigger return.
On your shipping of 1-2lb items, can they fit in a Priority Padded Flat Rate Envelope? That shipping is only $6.30.
06/23/2017 at 8:30 pm in reply to: What Sells On eBay: Cosco serving cart, Speakers, Wear Ever pans, Trav L Bar, Vintage fan, and Norman won't drop it. #19735Thanks Mike! I really appreciate you going to the tech team for the accurate info!
06/23/2017 at 5:08 pm in reply to: A minor philosophical point on ROI versus "value of your time" #19731Good post. Gives me some math to think about in the business!
06/23/2017 at 5:03 pm in reply to: What Sells On eBay: Cosco serving cart, Speakers, Wear Ever pans, Trav L Bar, Vintage fan, and Norman won't drop it. #19730Thanks for the update. I’m thinking about getting the free trial in the next week or so and give it a look over.
Mark (or Mike), will WonderLister import from eBay your Scheduled Listings? We are starting to put more items into Scheduled so that we can spread the new listing out over a longer timeframe, so that our new listings are more consistent.
Also (and because I may need this process) will it import your draft listings from eBay? I may need this if our networking issue isn’t fixed, so I can create the draft listing on eBay from one machine, then pull it into Wonderlister from the other machine.
06/22/2017 at 11:28 pm in reply to: Scavenger Life Episode 315: Okay, you’re making money. Now what? #19717Thanks Mike. Something we are looking forward to. Big change for the business to be able to add Etsy with little extra labor…
06/22/2017 at 10:22 pm in reply to: Scavenger Life Episode 315: Okay, you’re making money. Now what? #19713Paulo, I understand your dilemma. We are similar, but hoping a solution is on the horizon.
Mike, isn’t WonderLister adding Etsy in September?
06/21/2017 at 2:35 pm in reply to: Scavenger Life Episode 315: Okay, you’re making money. Now what? #19678I have used Quickbooks before in a previous job. I’m sure the connection would work, but I would not need that much power for reselling.
And it is my accounting mind that makes it longer. I like to see Sales, Shipping, and PayPal split out for analysis.
I make this mess myself…😄
06/21/2017 at 11:57 am in reply to: Scavenger Life Episode 315: Okay, you’re making money. Now what? #19669Yeah, I have thought about it. I have everything in Quicken now the way I like it for weekly and Monthly reporting, so far the hour per week doesn’t hurt yet. WL to speed up listing and relisting is priority 1 right now.
If I switch though, I think GoDaddy is how I would go.
Thanks for the advice. Another vote for GoDaddy!
06/21/2017 at 9:39 am in reply to: Scavenger Life Episode 315: Okay, you’re making money. Now what? #19661Thanks Mike. I have the same version, but I still run into trouble.
First, I am an OCD accountant (Acceptance is the first step on the road to Recovery). To that end, the dollar amounts that come in from PayPal for sales are just the net amount. I want to split them out into their 3 (or sometimes 4) components. Each sale has the Sales Price (Gross Purchase Price the buyer pays), Shipping Revenue (Shipping Cost paid by the buyer), PayPal Fee (expense that I pay to PayPal), and sometimes Sales Tax Collected (amount that I must remit to Colorado).
The other trouble that I have is that there are so many extra transactions that it brings in that are NOT part of changing the balance, that I spend a lot of time working out what is a true transaction and what isn’t. Each purchase seems to have three transactions, spread across 2-3 days, it drives me nuts.
So it is my OCD that is the big problem, I realize that. I just wish Quicken would only pull in the transactions the way I want it. You know, they should just do it MY way… 🙂
06/21/2017 at 8:14 am in reply to: Scavenger Life Episode 315: Okay, you’re making money. Now what? #19658Thanks. Just another reason to get moving on WL.
My longer process I need to clean up is my accounting. I use Quicken for both the business and personal accounting, but PayPal does not bring in the transactions in a way that I would like. I manually enter each transaction on Sunday/Monday for the prior week, takes longer than I would like. At some point I need to find a solution for that, but saving time on listing is more important.
Thanks for another kick in the butt on getting on WL!
06/20/2017 at 8:47 pm in reply to: Scavenger Life Episode 315: Okay, you’re making money. Now what? #19651Week of 6/11-6/17
Total Items in Store: 1,565
Items Sold: 50
Number of Items Listed This Week: 100
Total Sales: $1,227.23
Cost of Items Sold: $250.88
Highest Item Sold: $69.86 – Circle S Western Suit
Competition: Highest Priced Sale: Troy wins the week, Veronica leads for the year 14-9.
Competition: Highest Total Sales: Troy leads the year $19.6k to $14.5kSummer slowdown was worse this week, and more returns. But we plan for this, have cash reserves to cover the shortfalls, and we focus on what we can control…we list. Keep focus on listing at least 100 items a week…it will pay off down the road. It does every year…
06/20/2017 at 2:14 pm in reply to: Scavenger Life Episode 315: Okay, you’re making money. Now what? #19645Well said Paulo!
I’m not as good with Women’s Clothing, but I would say Button Up, Casual, Comic…
Keep researching as much as you can on the brand is all I can say…
-
AuthorPosts