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[T-Satt]

@Mike and Mark: Love your data Mike, as usual. My two cents on some things…

Regarding duplicate sales (one on one platform, one on another). We have only had that one time, and interestingly it was Ebay and Bonanza. Other than that, we don’t stress too much. I have a daily morning routine with my coffee. I look at all the sales on Ebay and any “-PM” in the SKU is inactivated from Poshmark and any “-ET” is inactivated from Etsy (now that we are no longer Duo version).

Then I look at Poshmark and any sales are entered into SixBit (with “POSHMARK MMDDYY) as the eCommerce ID for the sale, as that tells me what platform it sold on and on what day, so 091819 for today. By entering this into SixBit, it keeps my sales reporting accurate and will remove the listing from eBay. Then I do the same for Etsy Sales, as “ETSY 091819” for a sale today. Again, this removes the item from Ebay.

I’m not convinced that you HAVE to stay on top of it that much. I have let things sit for a weekend. And if I do get a duplicate sale, the Ebay sale is the one that stays pure. They hate cancellations more than any other platform, so we keep them happy… 🙂

Now, I am absolutely going to tell you that once you cross over 500, get the Duo version and let this happen for you. I am always keeping Poshmark reconciled, and wish I could get SixBit to do it for us. But, I have a solid process that works, just takes discipline and a plan.

PS – For those that want to to it, when you are in Poshmark, go to Sales, My Posh Stats, and it lists your total number of active listings on Poshmark. I compare that to my Items in SixBit by using the QBE line in the grid (the line above the grid you can type into is Query By Example). I type -PM in the SKU field and >0 in the Uncommitted Quantity line. The totals should match. If not, I do some quick checks to find out what got missed.

I will say this: If not for SixBit, I am not sure how comfortable I would be crossposting and making sure I don’t have issues on Inventory. Plus, with the data on my computer in my database, the crossposting is very fast. You can find the right photos quickly, copy paste, etc.

[T-Satt]

@Mark: The way that SixBit works is that it is a database. You have three levels in the database: Items, Listings, and Orders. You create/import your Items into the database. At this level you have all the data for the listing in a tab for each platform. So each item has an Ebay tab and an Etsy tab.

When you import your eBay listings into SixBit Duo, it will bring over all of the data into an “Ebay” tab of the Item. From there, you can copy/paste the description to the Etsy tab of the listing, and finish populating the Tags, colors, etc. that are specific to Etsy. Some of that data will come over, and you can have the Description come over as well.

But to your point. The items will come in to the Ebay tab on the item. You will have to finish the Etsy tab of the listing.

Submission to each platform is a separate step. So once an Item is created, you submit the Item to be a Listing on a platform. The Ebay submission is a separate step from the Etsy submission. So if you create a new item, you will have to submit two times, once to eBay, once to Etsy.

It is easy and quick, but I wanted to be clear on that point. And you can have either Etsy handle relisting your items for you, or you can have SixBit do it.

[T-Satt]

I think so. We drop a listing in there as much as we can, and happy when we get sales. Only $0.05/mo for a listing, and fees are only 5%. Not bad. STR on Etsy is 1%-3% during the summer, then 5%-10% in Q4. Last December the 4 week average STR was 11%-14%. Always best in Q4.

Better for you guys than us, as you have more hard goods.

But the lack of sales and available inventory is why we scaled back our SixBit from Duo to just eBay, saving $30/mo. With SixBit, we can crosspost very quickly to Poshmark, so we used that process to crosspost to Etsy, and just added “-ET” to the SKU of each item crossposted. Then I can easily manage all three platforms (eBay, Etsy, and Poshmark) and make sure we don’t have any issues.

For folks like Mike that have 600+ Etsy listings, the SixBit duo is perfect since it does the backend maintenance for you. If you guys ever get serious on Etsy, you gotta go with a SixBit to handle your backend when you get over 500+ listings crossposted.

[T-Satt]

Yeah, and as usual, Etsy was starting to be more active. Always the same time of year.

So far this week is doing well on PM and EB as well. Again…samee time of year…

[T-Satt]

Yes, this happens all the time. It is how Google, Apple, eBay, etc track what you view and try to use that for ads to get you to buy.

They haven’t been able (and may have issues legally) to discern what you were shopping for vs. selling. May be some privacy rights out there, but then again, we are freely giving our privacy away daily anyway to these folks…

[T-Satt]

Week of 09/08-09/14
Total Items in Store: 3,368 (Up 24% YOY)
Number of Items Listed: 122
Number of Items Sold: 85 (Up 31% YOY)
(Includes 5 Etsy, 13 Poshmark, 1 Bonanza, 0 TrueGether)
Weekly STR: 11% (Up 1% YOY)

Total Product Sales: $2,630 (Up 26% YOY)
Sales Volume Variance to Prior Year: Up $640
Sales Price Variance to Prior Year: Down $89
Cost of Items Sold: $429
Cost of Labor: $105
Highest Item Sold: $175 – Chanel Flats
Competition: Highest Priced Sale: Veronica wins the week and Veronica leads for the year 22-16.

Clothing
# Listed: 1,920
# Sold: 56
STR: 13%
ASP: $26.67

Shoes
# Listed: 881
# Sold: 20
STR: 10%
ASP: $41.34

Hard Goods
# Listed: 567
# Sold: 9
STR: 7%
ASP: $34.40

EBay
# Listed: 3,368
# Sold: 67
STR: 9%
ASP: $29.32

Etsy
# Listed: 212
# Sold: 5
STR: 10%
ASP: $34.81

Poshmark
# Listed: 912
# Sold: 13
STR: 6%
ASP: $37.77

Funny that you mentioned the bug on the offer screen. I called on this same issue this week and was told the same thing, it is in fact a bug. But I called him out on a new AI feature that they are putting on this screen and it ticks me off.

When you the offer screen, the bottom left button USED to always be “Accept” and highlighted in Blue, the middle button was “Submit Counteroffer”, and the far right is “Decline”. About 2 weeks ago, I noticed that if the offer was roughtly 75% or more of the asking price, the buttons were the same as always. But if the offer is lower (whatever eBay deems as “too low”), they swap the order of the buttons to have “Submit Counteroffer” on the left and highlighted in Blue, and “Accept Offer” is in the middle.

I REALLY despise when somebody tries to do my thinking for me, and actually is changing programming to influence my decisions. DON’T DO THAT!

The Ebay Rep admitted that this was a change and it is “working as designed”, and IT phrase I abhor. I don’t care that it is working the way you want. I’m saying the design is bad, and it needs to stop.

First they change the shipping options shown to the buyer (not trusting them and changing what the seller did), now they are changing programming to manipulate seller behavior.

If they want to sell my stuff for me, by all means, come here and do my listings and photos for me. Otherwise, let me decide and keep the damn site working (which they didn’t this week and they had a sitewide issue that I ALSO had to call about).

Stay in your lane, I’ll stay in mine…

[T-Satt]

Yep, same guy. LOVE HIM! We get a lot of messages asking if the photos are of the product or a stock photo.

About 1.5 years now. April of 2018…

Yep, we keep cranking. Starting to get where we want to with this….

[T-Satt]

We have sold one once, but I couldn’t help on identification.

Main part is to see if it is real and not a print. Looking close at the front, and most importantly, check the back to see if you have bleed through to prove authentic.

Google how to check and you should have all the data you need.

[T-Satt]

Week of 09/01-09/07
Total Items in Store: 3,351 (Up 23% YOY)
Number of Items Listed: 51
Number of Items Sold: 98 (Up 20% YOY)
(Includes 1 Etsy, 8 Poshmark, 2 Bonanza, 0 TrueGether)
Weekly STR: 14% (Up 2% YOY)

Total Product Sales: $3,187 (Up 47% YOY)
Sales Volume Variance to Prior Year: Up $422
Sales Price Variance to Prior Year: Up $605
Cost of Items Sold: $698
Cost of Labor: $149
Highest Item Sold: $180 – Vintage Air Force Jacket
Competition: Highest Priced Sale: Troy wins the week and Veronica leads for the year 21-16.

Clothing
# Listed: 1,917
# Sold: 66
STR: 15%
ASP: $30.11

Shoes
# Listed: 867
# Sold: 20
STR: 10%
ASP: $34.53

Hard Goods
# Listed: 567
# Sold: 12
STR: 9%
ASP: $42.40

EBay
# Listed: 3,351
# Sold: 89
STR: 11%
ASP: $32.19

Etsy
# Listed: 214
# Sold: 1
STR: 2%
ASP: $74.83

Poshmark
# Listed: 903
# Sold: 8
STR: 4%
ASP: $30.88

Not surprisingly, I am huge on efficiency. When we are going out to do the warehouse and Post Office run, have the grocery list / bank check / library return / etc. with you. When listing, list like items together so you are already in a certain mode. Do all photos, then all listing, then all shipping (“chunking”).

I love the action even more. Move! When you need to do something, just do it. Our actions dictate our destination more than our guidance system. We need both, but pointing your boat does no good if it is still in the dock…

Officially dropped our SixBit to just eBay this past week. So now we crosspost Etsy the same way we do Poshmark. Just not finding enough or selling enough to pay for the backend. I’m already manually doing 8-10 Poshmark orders a week, so 1-2 Etsy ain’t a thing…

[T-Satt]

@Jay: That is our plan as well…

[T-Satt]

One follow-on to that: The biggest issue in this business is the ability to scale. Unless you can find large amounts of product consistently that have enough margin to absorb the extra labor necessary to scale, the volume has a limit (of what can be listed).

At that point, the only change is how to improve the $ per effort…

[T-Satt]

@Inglewood: Yep, you are correct. At some point, you hit stasis and are just in maintenance mode. We are almost there now, and should be there next year based on my forecasting.

I can definitely scale back and maintain with the photographer. It will mean shifting around my day, but it is doable.

1 pipeline built, a second on the way, and working on the third…

Multiple streams of income…

[T-Satt]

@SEAM: Great origin story!

[T-Satt]

Welcome Sam! What part of Colorado are you from?

[T-Satt]

Amen brother. Getting back into some hardcore Cost Accounting will be nice. Never know where that career track can lead, plus it gives a second stream of income (and actually fuels the capital for the third stream of income).

And it sounds like they need the hardcore data nerd to fix some problems. And that is what I love…fixing problems…

Gonna be a great time coming!

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