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10/11/2018 at 8:36 am in reply to: Scavenger Life Episode 380: What Do Lifetime Sales Really Mean? #49997
lavender: Very nice sales week! Are you mostly clothes?
antarestar: Thanks. Very good to know!
bcfo: Will do, and thanks. Good to hear!
Do you find the buyers on Poshmark more accommodating than on eBay? Then same? Worse?
Thanks! Shipping was easy too. Just weird to ship without being paid first…
Thanks for those that had me do the push to crosslist on Poshmark…
We just had our first sale!
$100 shoes. Asked $115, took the $100 offer.
Feels weird that we ship out BEFORE we are paid. Looks like we get paid within 3 days of the person receiving the item.
–Has anyone had issues with items being rejected before?
–If they reject, do WE have to pay for the return shipping?Wow…
Yeah, thanks for the folks letting us know that. I see that our stuff is now going on sale (I had a sale on clothes running for about a month, knowing that when items moved past 14 days, they would go on sale. Now EVERYTHING is going on sale.
You know, a heads up on this stuff would be nice… 🙂
Welcome! Yep, always fun to do it together! Veronica and I love it!
10/09/2018 at 11:35 am in reply to: (Almost) Quarterly Ebay Sales Report from a bloody beginner #49859Ostap: “This leads to the questions for all of the users who use 30-days-listing:
How do you keep track in Excel of items where you changed the item description, pictures, titles, etc. ?
Do you always create a new entry into your spread sheet or do you simply keep track of the items by one fixed description (article number, e.g.)?”I have always just used a single row for each item. Best way to keep track of each one is to use the Custom Label/SKU field, using a unique number for each listing. Then when the item sells, you can easily find it to enter your info. Even better, purchase the Easy Auction Tracker spreadsheet for $50 per year. It will link to your eBay store and do everything for you.
“Another question:
Is it possible to some how predict the possibility of a sale by tracking publically available infos ?
T-Satt mentioned that he can predict sales some how, but i (forgive me) forgot the details of his method.”The best way that I do this is to look at the number of items for sale in your search compared to the number of SOLDS for that same search. So if 1000 are available and 1000 are showing as sold (eBay shows 90 days of sales), the you should expect a sale in 90 days. Just keep in mind seasonality (looking up coats in summer vs in winter).
10/09/2018 at 11:17 am in reply to: Scavenger Life Episode 380: What Do Lifetime Sales Really Mean? #49858Jay: Amen Brother!
10/09/2018 at 9:58 am in reply to: Scavenger Life Episode 380: What Do Lifetime Sales Really Mean? #49846Welcome Darwinman1!
I couldn’t get to your STR%. How did you calculate it?
For the week, I have a 2.4% STR – 18/755
I always do our Weekly STR on a Monthly Rate. For you I would have 10.2% – (18/7*30)/755
10/09/2018 at 9:52 am in reply to: Scavenger Life Episode 380: What Do Lifetime Sales Really Mean? #49845Doubly: Completely understandable. Just keep exercising that risk muscle, and it will get stronger. I wasn’t as good at it either. That conservative accountant streak is strong in my family…
But I was lucky to have married well, and Veronica convinced me to make the leap. We all get better at it the more we do it. School always teaches us to always have the right answer. Life ain’t like that. You WILL make mistakes. Learn from them and move forward. I’m trying to teach my boys that now. You will make mistakes, just don’t make them FATAL mistakes.
Atomic: We have seen similar results, where we are really starting to take off. Very nice on the $1k weekend!!!
10/08/2018 at 11:35 am in reply to: Scavenger Life Episode 380: What Do Lifetime Sales Really Mean? #49765Doubly: “My numbers aren’t that great, but I do have the data to show that this is historically my slow period. The tail end of 3rd and the tip of 4th quarters have always been pathetic in terms of sales. ”
Perfect reason to track your numbers and review your trends. Yes, it is slow, but it has been this way at this time of year before. Take heart. Keep building up your inventory of solid items that will sell, and things will work out.
Before you jump, a couple of pieces of advice.
1) Have 6 months of living expenses saved up. 6 months that you can live on with $0 sales
2) Make sure you have a projection of what your cash needs for BUSINESS purposes will be each week/month now that you are full time. Weekly inventory purchases, eBay fees, etc. Make sure you have this ALSO set aside so that you can continue to purchase inventory while full time. You will be buying and listing at a much higher rate, so the cash needs will be higher, but sales will show up based on your average Sell Thru Rate. So remember that just because you are listing much more, it will take a while for sales to catch up. The lower your STR is, the longer it will take for sales to catch up to purchases. I can help you do some forecasting if you would like.
3) Just know going in that there is only so much you can control. Bad days happen, even a few in a row. THIS is why you have steps 1 and 2 above to overcome that…
10/08/2018 at 11:22 am in reply to: Scavenger Life Episode 380: What Do Lifetime Sales Really Mean? #49760Week of 9/30-10/6
Total Items in Store: 2,728 (Up 52% YOY)
Number of Items Listed: 101
Number of Items Sold: 99 (Up 30% YOY)
(Includes 1 Etsy, 0 Bonanza, 1 TrueGether)
Weekly STR: 16% (Down 2% YOY)Total Product Sales: $2,887 (Up 45% YOY)
Cost of Items Sold: $666
Highest Item Sold: $125 – Under Armour Brow Tine Hunting Boots
Competition: Highest Priced Sale: Veronica wins the week and Veronica leads for the year 24-16eBay Clothing
# Listed: 1,684
# Sold: 64
STR: 16%
ASP: $25.20eBay Shoes
# Listed: 422
# Sold: 19
STR: 19%
ASP: $41.37eBay Hard Goods
# Listed: 622
# Sold: 15
STR: 11%
ASP: $30.53Etsy Hard Goods
# Listed: 162
# Sold: 1
STR: 3%
ASP: $19.89Poshmark Clothes
# Listed: 32
# Sold: 0
STR: 0%
ASP: $0Business Improvement for the Week – Start new purchasing streams. Got our first delivery on a new sourcing vendor. So far, so good. I still need to complete going through all the items. One item is too damaged to list, and one will need to be repaired. I’m going to list them this week, so that will let me know more about the value, but I’m seeing at least a 4X-5X from what I have seen.
Business Improvement for the Week – Start cross-posting to Poshmark. I started this week, and we are up to 32 items so far. I got a good process of copy and paste from SixBit now, so each cross-post only takes 1-2 minutes.
Heads up to others! Double check your % on your account on On Time Shipping. For some reason, we dropped to 95% due to a glitch. The report said that all our shipments for 9/28-9/30 were not scanned, but when you check each listing, ALL had the scans on time. They corrected the report, but our % is still incorrect. They have my notes on file with the error, so we are covered, but I wanted to let everyone know.
Jay, Amen about keeping your burn rate low when you go full time! Even better to keep your burn rate low ALL THE TIME…
bcfo: Thanks. I did a check on it, and may be something for me to consider to move some of my lower end pop culture t-shirts. Thanks!
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