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02/15/2019 at 1:36 pm in reply to: Scavenger Life Episode 398: How To Buy or Not To Buy on eBay #57038
Hey Mike, wow. But, at least now you know were the wall is, and you know what to do to get some rest.
I can have the same issue, working too hard. The only thing that helps me slow down is when I remember that on the day I die…I will still have items on my To Do list.
Take a rest, get healthy, and you will be good.
Take care big man!
Makes sense. Stick with some cool things, and interests will arise.
Good luck out there!
02/14/2019 at 2:52 pm in reply to: Scavenger Life Episode 398: How To Buy or Not To Buy on eBay #56980Mike, I have to admit, you had me there. I had to look it up…
Topo Gigio on the Ed Sullivan Show.
I never did watch that show. Just a bit before my time.
I was Knight Rider, Dukes of Hazzard, A-Team kinda guy… 🙂
02/13/2019 at 4:11 pm in reply to: Scavenger Life Episode 398: How To Buy or Not To Buy on eBay #56936100% correct sonia!
We used to live in that area a while back, and we go sourcing down there about once a month.
What types of items do you focus on?
02/13/2019 at 4:02 pm in reply to: Scavenger Life Episode 398: How To Buy or Not To Buy on eBay #56933Anytime Doubly. More than willing to talk and provide any assistance that I can!
“If you want to go fast, go alone. If you want to go far, go together.”
This forum and the people here are the definition of together! 🙂
02/13/2019 at 3:59 pm in reply to: Scavenger Life Episode 398: How To Buy or Not To Buy on eBay #56932I second that SEAM!
02/13/2019 at 3:58 pm in reply to: Scavenger Life Episode 398: How To Buy or Not To Buy on eBay #56931twizzle: Regarding SixBit, yes, it will automatically do your COGS for you. This is what I use each week for our reporting, since it is your true COGS for each item sold (provided that you add in the cost of each item into SixBit when you create the listing).
The one caveat to that is that for tax purposes, you will be calculating COGS differently. For tax purposes, you will take your beginning of the year inventory value, plus all of your inventory purchases during the year, less your ending inventory value. So for that calculation, you won’t need an item by item COGS. They SHOULD be the same number, but I know that variations and errors happen. 99% of the time they are close enough to each other.
So SixBit is great for management analysis and reporting, but tax reporting will be all based on true cash in and cash out, since we are not on Accrual Basis for taxes, we are on Cash Basis.
02/13/2019 at 3:53 pm in reply to: Scavenger Life Episode 398: How To Buy or Not To Buy on eBay #56930Thanks for the info Mike, and hit me up whenever you want to talk SixBit details so that I can make your transition easier.
Regarding the sales price issue, I haven’t seen that in the past 6-9 months. There is a caveat to that:
I see that if you have a sale running on the item, and then it ends on sale, the item is relisted at the original price (not the sales price), which I would prefer. This is because there are three levels of tables in the database: Items, Listings, and Sales.
You create an Item (essentially a new row of data in the Item Table) and fill out all the relevant data. Then each time and Item is submitted to a platform (or relisted), it creates a new Listing record. Then, each sale creates a record in the Sales table.
So each time a listing ends, and you have the Auto Relist turned on, it looks back at the data in the Item table to relist. The Item table will still have the original price (not the price on the ended listing).
What can happen to overwrite your price is editing an active Listing AND having the box checked that says “Update this and all future listings”. What this does is update the active listing AND then updates the Item Table as well. If you remember that little box, you are safe.
02/12/2019 at 12:13 pm in reply to: Scavenger Life Episode 398: How To Buy or Not To Buy on eBay #56855Retro and SEAM: Yep, we are all square photos now. Our photographer is great, so no issue on our end.
02/12/2019 at 12:12 pm in reply to: Scavenger Life Episode 398: How To Buy or Not To Buy on eBay #56853“As always the caveat that correlation doesn’t prove causality”
Boy did that bring me back to my Consulting days…But it is true. But…sometimes correlation is enough… 🙂
02/12/2019 at 10:03 am in reply to: Scavenger Life Episode 398: How To Buy or Not To Buy on eBay #56840Yep, we can’t wait for garage sale and church sale season. Good money there.
We need to try some auctions. Haven’t done that yet, and it could be a good new sourcing stream…
02/12/2019 at 10:01 am in reply to: Scavenger Life Episode 398: How To Buy or Not To Buy on eBay #56839No, Etsy is still good, just much slower and still has a lower inventory amount. Veronica does the crossposting to Etsy, and she just passed 200 listings. Goal is to get that side up much higher this year (200 is a record for us).
Like the rule says…get to 500 listings!
02/12/2019 at 9:58 am in reply to: Scavenger Life Episode 398: How To Buy or Not To Buy on eBay #56838Yep. That is how I do my Posh crosspostings. Do the work in SixBit to have it ready for eBay, then open Posh and copy/paste and upload the photos right then.
Then on the days I’m doing drafts (everything but the photos from the photographer), I’m grabbing about 10 existing listings to crosspost to Posh. That way I have new listings to Posh about every day.
02/12/2019 at 8:36 am in reply to: Scavenger Life Episode 398: How To Buy or Not To Buy on eBay #56829Thanks Shayward! I know it seems like tin foil hat stuff, but it does help. The same is true on Poshmark, where it rewards consistency over feast and famine on new listings.
This is probably good with most things in life: Better to do a little every day than try to do it all at once…
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