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[T-Satt]

Spreadsheets can save the world… 🙂

[T-Satt]

You are really tempting me to test Mercari…

[T-Satt]

Amen Simplico. I’m all about the business side of it too (cash flow, inventory growth, business processes, etc.). And don’t knock the “get out of debt” reason for this. If everyone would only have good debt (on assets) and not bad debt, we would be in a much better society!

[T-Satt]

Solid numbers Doubly. Love that Ham Radio sale!

[T-Satt]

Love this story and journey!

When you move to eBay/Amazon full time, do you expect that you will increase your weekly purchases of inventory by 50%? 100%? How are you funding that extra capital expense to keep the business flowing?

Also, what is your normal STR? Looking to see how soon you should start to see returns on your increased listing activity. Would you expect to see significant cash flow returns in 4 months? 6 months?

[T-Satt]

Week of 11/11-11/17
Total Items in Store: 2,747 (Up 62% YOY)
Number of Items Listed: 99
Number of Items Sold: 101 (Down 16% YOY)
(Includes 4 Etsy, 1 Bonanza, 1 TrueGether, 0 Poshmark)
Weekly STR: 16% (Down 14% YOY)

Total Product Sales: $2,969 (Down 14% YOY)
Cost of Items Sold: $600
Highest Item Sold: $100 – Corral Vintage Lizard Brown Inlay Cowboy Boots
Competition: Highest Priced Sale: Veronica wins the week and Veronica leads for the year 27-19 (that officially means she won for the year…again…  )

Clothing
# Listed: 1,692
# Sold: 61
STR: 15%
ASP: $27.18

Shoes
# Listed: 442
# Sold: 17
STR: 16%
ASP: $37.16

Hard Goods
# Listed: 613
# Sold: 19
STR: 13%
ASP: $29.57

Etsy
# Listed: 172
# Sold: 4
STR: 10%
ASP: $38.63

Poshmark
# Listed: 89
# Sold: 0
STR: 0%
ASP: $0

Much calmer week, Veronica back at home and mostly back to health. Surgery date set for December 11…

Solid week (though interestingly DOWN from last year), and seeing Etsy sales get stronger. First week we haven’t made a sale on Poshmark, but Bonanza and TrueGether show up. Gotta love retail…

Gonna grind out some listings this week before Turkey Day. Our oldest son is home from college and brought his girlfriend (Love Her!), though his Jeep didn’t make it. Alternator conked out about 2 hours from here on Friday night, so we will plan to pick it up on Saturday when he goes back.

[T-Satt]

Yep! Feels good!

[T-Satt]

Absolutely. NEVER confuse Money with Happiness. Money (physically) is a tool. A car is a tool. Even a house is a tool. These things are physical items that serve a purpose. They are means to an end, not the end itself. Look at the number of people that win the lottery that are broke (or worse) just a few years later. Tools in the hands of a poor operator won’t yield good results.

In reality, money is an idea. A story. We all believe that these little pieces of paper represent value. Money is the second greatest story ever told.

You won’t things? It is easy. My favorite commercial from a while back…

[T-Satt]

I still get tickled at people that don’t understand what money truly is. Money that you collect represents value that you provided to someone else. That value can be in the form of work that you perform, or in providing a product that someone else values. At every turn, money that you attract represents value that you provided to someone else.

Start by providing a value to others, and money will come after that. MLM that tries to just sell creating a downline, violates that rule. People have to value the product that you are selling first, THEN you have to provide value to others in your downline (management, guidance, etc), so that you are providing value.

Resellers provide value to customers, in the form of products that people want. Rare, vintage, or even just commodities at a good price. When we look at providing value first, our businesses thrive.

[T-Satt]

Very cool. Good that you can source during the week. We seem to stay only on Fridays and Saturdays.

[T-Satt]

Yep! Troll craigslist for them.

I don’t use the lateral (side) ones, as they won’t work as well. I also like the legal size as they fit more.

[T-Satt]

Amatino: true statement on the SKU, and a warning for anyone that wants to move to a SixBit or Wonderlister. One listing, one unique SKU. This rule can’t be broken…

[T-Satt]

True statement.

For us, we look at building these items up like you build up your eBay store…one listing at a time.

So we spend a little time when we are “down” to just add a few new crosspostings. I’m trying to do about 5 Posh and 5 Grailed at the end of the day. Poshmark has really done well for the time we put into it. And that strange thing…a lot of the items we added to Posh then sold on eBay…weird how that happens…

[T-Satt]

Not at this point. Crossposting is really pretty easy, no more than 2 minutes to do (Grailed and Poshmark are like 1 minute to crosspost).

I don’t see it as taking time away at this point. We usually do crossposting at a time we aren’t listing, like at the end of the day when we don’t feel like doing any more listing (so we aren’t losing listing time). It is a simple, somewhat mindless task to do, so great to do at the end of the day. Helps get a little more velocity to our sales.

It is like making those little 1% changes to a process, that when you add them up, you get good sized gains. Plus, seeing what else is out there selling on other platforms is useful knowledge…

[T-Satt]

Jan – $75
Feb – $43
Mar – $384
Apr – $521
May – $140
Jun – $225
Jul – $437
Aug – $377
Sep – $65
Oct – $111
Nov – $164 (So far)

Started the year with 125 items listed on Etsy, currently at 178. Like Poshmark (and eventually Grailed), just a little side stream to add velocity to sales.

[Author]

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