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Like getting paid twice for the same hours…
Yep! Fun with Excel!
Careful… you will start to sound like an accountant…
🙂
Only other options:
— Just more people looking for your stuff at that time
— Cassini liked you cause you were listing more, so all your stuff moved up.Harder to prove the second, but darn if it doesn’t seem to work that way. You list more, you sell more…
Could be that you got a boost since you were updating your items. Were these listings GTC? And if so, were they over 60 days old (stale to eBay and lowered in search)?
If you make the update on something that was over 60 days old, then you would get moved up in search. Not a certainty to get a sale, but staying up in search never hurts…
01/02/2019 at 3:38 pm in reply to: How do you spend your quarterly eBay Subscription Coupon for Shipping Supplies? #5440190% boxes, 10% polymailers when we need them, though I have a solid source for those now.
01/02/2019 at 3:34 pm in reply to: Scavenger Life Episode 392: No Alarm Clocks – We chat with Troy aka T-Satt about the eBay Lifestyle #54400Glad you enjoyed it Inglewood!
That is also why I love this forum…a virtual water cooler of people doing the same work, plus a great group to ask for advice!
Sounds great Inglewood!
For me, if you can quickly jot down any info you need for a listing, take that paper (or photo of info) to your current job along with the photos, I would spend that downtime at work by getting listings done. Then when you are at home, you build up the photos and listing sheets there and actually do the listings at work.
Going by starting can work, as long as you don’t add any new inventory in the process (only sales going through). It is the adding of inventory that messes things up…
Yeah, for what you are doing, you would want to know that.
I also track revenue per impression and revenue per page view. Since you are looking to advertise at the page view level, it would be good to know what that does to your margins at the page view level…especially if you end up advertising per page view…then it is VASTLY important to know.
PS – That is why mine is 14% as well.
The true calculation of STR should take the average inventory over the time frame of sales. So weekly, you would want to get the average inventory from Sunday-Saturday, not just one spot. That is too short of a timeframe to really move the needle, so I never do that.
But over a year, yeah, you can’t just choose the Jan 1 or the Dec 31 numbers, especially if you are growing your inventory.
The right way is to always use the average inventory, but sometimes accuracy isn’t worth the extra effort in calculation…
Doubly and Simplico:
To get the “right” number for Doubly:
From a yearly standpoint, it would be 78% for the year. To get there:
Average Inventory for Year: 1548 (1093+2002)/2
Total Sales for the Year: 1206
1206/1548 = 78%
Your monthly rate for the year is 6.49% (so you sold 6.49% of your inventory each month). You can get there a couple of ways, the easiest is 78%/12, or the long way is 1206/12/1548.
No worries. I would do this on a weekly basis. So if you need $300 per week to source, then you keep that amount sitting in your sourcing bucket (PayPal, separate account, etc.). When you have that bucket filled (so you can source the next week), then you can take money the rest of the week for other purposes.
But until you have enough money to source, you leave that money alone. If you can’t source, you can’t list, and you can’t sell.
That is me though…feed the business first, feed yourself second.
Of course I grew up on a ranch, so I’m used to feeding the animals before I feed myself…
This is interesting to watch.
So, question for you and all others following this: Do you track the average number of page views you need for a sale? Yes, I track this (as I find it interesting).
We average 75 Page Views per sale.
Anyone else have this number?
01/02/2019 at 8:48 am in reply to: Scavenger Life Episode 392: No Alarm Clocks – We chat with Troy aka T-Satt about the eBay Lifestyle #54356Marie: Your is STR is right for the week. Now for me, I like to see everything in Monthly terms. To see your STR for the week in monthly terms:
2 sales / 7 Days in the week * 30 days in a month = 9
So, at the rate you had this week, you would have sold 9 items for the month.
9 / 429 = 2.1% STR
So this would tell you that you are currently selling 2.1% of your inventory each month. At an Average Selling Price (ASP) of $22 this week, then your store would be generating $198 in Revenue each month.
01/02/2019 at 7:39 am in reply to: Scavenger Life Episode 392: No Alarm Clocks – We chat with Troy aka T-Satt about the eBay Lifestyle #54354Marie: Very good point, and it is mostly lazy writing on my part by just using acronyms.
And everyone had the definition right. It is a measure of the velocity of your store, how fast it turns inventory back into cash.
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