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Thanks for the feedback on the podcast. Glad that another accountant found it useful!
I understand the thought on just selling what you find as well. We have done that in the past, and are looking to ramp up with some online options as well.
Good luck and keep us informed on how you are doing!
09/20/2018 at 3:09 pm in reply to: What Sells On eBay: Spacemaker coffee, Settlers of Catan, Military jump boots, Sony 8mm Handycam, Yankee spiral screwdriver #48972“Peanut butter ice cream is serious business.”
That made me laugh… π
You could always try to use a free month with program, do the transfer, and then not signup…
I don’t know of an easy way to do it on eBay. If you have the photos, you can copy/paste and relist your items from one to the other.
Other than that, I think you need a third party app.
Welcome 3Monkeezpete!
Now that you are also moving to eBay, what types of items are you selling, and where are you sourcing?
Really hope that holds. I get states wanting to recoup some sales tax, but if they make it prohibitive for small business, they kill the Golden Goose…
09/19/2018 at 1:58 pm in reply to: Scavenger Life Episode 377: Talking Numbers with TSatt (Troy) #48932BourbonTrailBazaar: Very solid numbers. Great week!
09/18/2018 at 3:39 pm in reply to: Scavenger Life Episode 377: Talking Numbers with TSatt (Troy) #488991000% agree Mike. The first place to start on good Inventory Management is that EACH LISTING HAS A UNIQUE SKU. It all starts there. Whether EAT, SixBit, or WonderLister, they all REQUIRE a unique SKU to operate correctly.
We do this now in all our processes. When we list items, we have a Google Doc that we share that has all our items, along with a column for the next SKU. We create the listing, add to the Google Doc, get the next SKU (and add the inventory location to the end of it), write that on a tag, and hang the tag on the item. When the photographer does his part, his first photo is the tag, so we know which of our listings the next set of photos should be attached to. Items are returned with the tags, tags stay on the item and are put away. When the item sells, the SKU has the location, we find that number, picked and out the door. This helps us ship out shirts, pants, and jeans in 60 seconds, beginning to end.
For hard goods, when they are prepackaged and sent to the outside warehouse, the SKU and Location are written on the box (with a small description for more confidence. Print the labels at home, labels go over the SKU, drop it off at the post office on the way back home. Done.
09/18/2018 at 1:03 pm in reply to: Scavenger Life Episode 377: Talking Numbers with TSatt (Troy) #48894Steven S: yeah, you aren’t wrong. There are times it is a grind, but that is what Podcasts are for, to get us through the rough patches…
That “you are the average of the 5 people you spend the most time with”? Well, I podcast my “circle”… Keeps the brain going if it wants to sleep… π
09/18/2018 at 1:01 pm in reply to: Scavenger Life Episode 377: Talking Numbers with TSatt (Troy) #48892Steven S: Amen. To be successful, plan to be in the muck, keep costs down, and be frugal while you are growing. If you start a business and the first thing you do is measure for curtains in the corner office…not gonna be there long.
For me, best advice is this: How will this extra cost INCREASE PROFIT. That is it. Work your butt off until you can ONLY get better by hiring someone. Only increase overhead when you HAVE to do that to grow Revenue and Profit.
The rest is vanity…
Now, with a caveat that you HAVE to like your life. We “could” cram more inventory in our house and save the outside warehouse cost. But we would hate our life. At a low cost to the bottom line, worth the money. Plus, at some point, we want these items over there so when we are out of town, we can pay someone to go there and do the shipping, rather than give them a key to our house…
09/18/2018 at 12:05 pm in reply to: Scavenger Life Episode 377: Talking Numbers with TSatt (Troy) #48885Amen Mike. Love the KYN mantra.
And for $50/year, EAT is a perfect way to start for low cost. Very easy to use. Plus, if you know spreadsheet stuff, you can add tabs and do analysis on the data that it brings in.
Not that I ever did that… π
09/18/2018 at 10:48 am in reply to: Scavenger Life Episode 377: Talking Numbers with TSatt (Troy) #48882Inglewood: 100% agree. For me, a $10 net profit item HAS to have a short listing time. In clothing, I can list that item in about 6-8 minutes. So on a Profit/Hour scale, it is worth the time.
Now, on hard goods? Veronica ups the bar now. Longer to list (selecting categories, researching price and keywords, she has to do the photos, etc.). So it comes down to how low do you want to go in profit for the time invested.
Capital too. I’ll put out $2 for a shirt that will net me $8-$10 profit…Not $100 to net the same $8-$10. All comes back to Time, Talent, and Treasure….
09/18/2018 at 10:14 am in reply to: Scavenger Life Episode 377: Talking Numbers with TSatt (Troy) #48880bcfo: Thanks! Veronica tells me that a lot too. I have the heart of a teacher I think (I have been in that role a lot in my life), so I like to break things down so that new concepts can be easily understood. I have to understand things myself that way, so I guess I like to do that for others as well.
09/18/2018 at 10:09 am in reply to: Scavenger Life Episode 377: Talking Numbers with TSatt (Troy) #48878eBaymom: Go to the head of the class!
Yep, perfectly done. Price/Volume Variance is something that I like to see on a regular basis so that I can tell WHY we are up or down. Let’s me know where to look. This can be done Current Month to Prior Month, Current Year to Prior Year, or Current Month to Forecast.
Again, as you can see, THIS was what I did for a living…analyzing the heck out of data to understand WHY the numbers were what they were, so that I could understand where to put more or less effort in improving the bottom line. This is also why I started breaking out Clothes vs Shoes vs Hard Goods. Soon I will be able to do the same analysis that I do now, but at a deeper level, as these three parts of the business move differently. And honestly, if I can do it easily (praying), I would like to break down clothes even more (shirts, pants, jeans, suits, sport coats, other) so that I can see the price and selling dynamics of each over time. This lets me see if trends are changing and I can change pricing and sourcing to move from one segment to another.
09/18/2018 at 10:01 am in reply to: Scavenger Life Episode 377: Talking Numbers with TSatt (Troy) #48877LoveJam: Easiest and cheapest way to do this is to use Easy Auction Tracker. Links with your eBay store, pulls all that data in, and costs $50/year. It is a spreadsheet, so already has the data the way you need it.
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