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Week Nov 24 – Nov 30, 2019
Items in store: 4491 Listings for 7351 Items
Items Sold: 99 transactions for 106 Items
Gross Sales: $8281.65
Highest Price Sold: $450 Vintage Tanuki Fur Coat….sold a few weeks ago and was never paid, relisted and resold for $75 more.
Lowest Price Sold: $12….Bowtie
Average Sale Price: $78.13
Cost of Goods Sold $398, Plus consignment payout, roughly $1200
Number of new items listed this week: 74 listings for 146 items
$$ spent on new inventory this week $427
International Sales, 29%
Returning Customers 11Scavenge of the Week: Chester Barrie Cashmere Sport Coat
Broke a new monthly sales record in November!!! $31,042.84
Another spot the buyers email is stored…
You can set up file exchange to automatically download all your sales hourly/daily/weekly/monthly. The buyer information is all stored in that CSV spreadsheet.
https://bulksell.ebay.com/ws/eBayISAPI.dll?FileExchangeCenter
Also, the seller would need to first enroll in the global shipping program to have the options to use it while listing. You can opt in to GSP on the account settings page, which now redirects to the shipping preferences page here….
After the international inquiry comes back that they can’t locate it, you will generally have to wait 30 days from that response to reopen the case as an appeal. I Mark my calendar so I don’t forget. The appeal is typically approved within a day and the check sent within a week.
Typically the USPS sends me a check for both the item and the postage which is nice. The third party eBay insurance, on the other hand, only covers the item cost.
Week Nov 17 – Nov 23, 2019
Items in store: 4509 Listings for 7306 Items
Items Sold: 120
Gross Sales: $7746.92
Highest Price Sold: $300 Reversible Burberry Balmacaan
Lowest Price Sold: $2.74….Shoelaces
Average Sale Price: $64.56
Cost of Goods Sold $470, Plus consignment payout, roughly $1130
Number of new items listed this week: 106 listings for 218 items
$$ spent on new inventory this week $356
International Sales, 26%
Returning Customers 17Scavenge of the Week: 1930s Deadstock Crosby Square Oxfords. $24, sold overnight for $200
@Ryanne, it sounded like you said the package to Venezuela was shipped priority. If so, it would be covered by the automatic $200 insurance for priority international shipments. You should open a missing mail inquiry now, as the international claims typically take over a month to settle.
+1, I’d shop home brew rather than Starsucks or Stunkin’ any day of the week.
Yeah, I’ve seen the buyers notes on the orders page for several years….pretty much as long as I can recall.
Yeah, hopefully she will be making the big bucks when she’s finished, and I’ll be able to slow down a little….she’s likely to go for the doctorate too, which will be an extra year (4 total), but would be worth it.
Just checked, my total gross sales for the year to date is about $238K…with another $45K or so expected by the end of the year. Net will likely be 50% or so.
Yeah, it wasn’t really a big surprise, but still not too fun to hear the confirmation. My net is nowhere near that high though…after all expenses/deductions it will be roughly half that I’d say.
I feel like we live an average life, but I don’t really compare myself to others. We are fairly comfortable, but never have much extra cash. Mainly because we are focused on paying stuff off at an accelerated rate, and growing our businesses. We aren’t extravagant spenders, but we do like to dine out from time to time and go on vacation. Health insurance is annoyingly expensive, and I’m planning to pay for my wife’s expensive schooling as we go without going into debt. There’s really not too much left after all that.
Currently in search of a second home near the school, to cut out the long commute and give her more study/rest time in order to maximize the value. A second mortgage will wipe out any left over money, but I think the benefit will out weigh the cost in the long run. And we should be able to sell or rent it quickly when school is finished.
Hmm, glad I copy/pasted this before editing.
Week Nov 10 – Nov 16, 2019
Items in store: 4545 Listings for 7344 Items
Items Sold: 84 transactions for 101 Items
Gross Sales: $6559.83
Highest Price Sold: $350 M-51 Fishtail parka
Lowest Price Sold: $9.98….Shoelaces
Average Sale Price: $64.95
Cost of Goods Sold $445, Plus consignment payout, roughly $1130
Number of new items listed this week: 26
$$ spent on new inventory this week $0
International Sales, 19%
Returning Customers 10Grrr, tech issues kept listings levels quite low again this week. Finally got my listings caught up today, but those listings will have to go on next weeks report.
Met with the accountant this week. Mixed results…. His projections basically put my spending on hold for a while. He estimates I’ll owe an additional $25K in taxes by the end of the year, in addition to the quarterlies I’ve sent in. I hope he’s overshooting it a bit. Ooof. On the bright side, he said we’ve hit the level where we can save about $4K a year in taxes, after accountant fees, by switching to an S Corp for next year.
Also met with my investments guy this week. We’ve decided to switch our life insurance policies to Term Life (pending physical exams) and save a little money each month, while more than doubling our death benefit. Plus we can cash in our current whole life policies for the $8000+ cash value, without penalty…..which may come in handy for that $25K tax bill….or more preferably to invest in our future retirement.
My wife starts her masters program in about 6 weeks, and I will likely be back on my own for this endeavor. She doesn’t do a whole lot really, but every little bit she does is a huge help in my eyes.
Spent 14 weeks in our crawlspace with my father-in-law when we first bought our house. What an experience. Never again.
Made the same observation this week about the internet sales tax and the paypal fee associated with it. I figure the small amount of money that it will cost me in a year is worth not having to collect and remit taxes for hundreds of different tax rates across the US.
Example, for $100K sales a year, at say 8% average sales tax. The extra paypal fee on the tax would only be about $235. $20 a month for someone else to handle the taxes? Yes please! I can’t even begin to imagine how much time that is saving.Yes, found you on my Spotify dash this morning.
Week Nov 03 – Nov 09, 2019
Items in store: 4530 Listings for 7229 Items
Items Sold: 108 transactions for 124 Items
Gross Sales: $7937.40
Highest Price Sold: $190 Vintage Mid Western Sports Togs leather jacket.
Lowest Price Sold: $4.99….Shoelaces
Average Sale Price: $64.01
Cost of Goods Sold $502, Plus consignment payout, roughly $1130
Number of new items listed this week: 62
$$ spent on new inventory this week $0
International Sales, 36%
Returning Customers 13Some less than careful furniture moving put my arthritic spine into full hum this week….and the colder weather didn’t help. So I didn’t get as much listed as I would have liked. I did take this weekend off (besides shipping, there always seems to be shipping) so I’m feeling much better and hopefully will be back in full swing this week. Only 3 weeks until cyber week so it’s gotta be all in from here on out.
Meeting with the accountant this week. Hope he’s ok with the $18K I spent on inventory the other week. I really didn’t have much choice, my supplier would likely have sold the lot to someone else, and then I would probably have competition to deal with.
Sorry. I included how I list them, but should have made those points bold text. Too late to change it now.
In short:
1. Vanity sized items like jeans I list using the tagged size, with the exception if an item has had the inseam changed.2. Tailored items I list using the measured size.
3. I always include detailed measurements for both, and point out tagged size/measured size discrepancies.
Ebay can side with whomever they may, though since we use free returns we have the ability to re-claim the original shipping for those sorts of returns. I just accept the return and move on. I verify all my measurements when the item arrives, attach photos to the return if needed and refund appropriately. I’ve been backed by ebay each time I’ve had to do that at this point, though I’m not sure the same applies to ‘buyer paid returns’ and ‘no returns’ policies.
