As many of you know, we rave about our Brother Laser Printer. It is a real workhorse when it comes to printing eBay shipping labels (these are the ones I love), invoices and thank you inserts. I’ve had mine for 3 years, printed 17,853 pages on it, and only refilled the toner about 5-6 times (at about $5 for each refill) rather than buy a $50 new cartridge each of those times. I just buy bulk refill powder
on eBay for cheap and refill it when it gets low. So easy. So cheap. That’s what we call digital scavenging!
Scavenger Life Episode 140: Interview with Andrew from “Picking Profits”
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If you’ve spent any time on YouTube searching for eBay related info, you’ve probably come across Andrew at Picking Profits. There’s a ton of overly exuberant people who talk about their eBay and Amazon lives, but Andrew is a good, stable figure in that scene who maintains a measured sense of his progress. We like this.
I love his methodical and detailed discussions of how he approaches his store. He works hard but is always thinking of the future. Plus it’s exciting to see someone young (28) skip the grinding life working for someone else and jump right into building his own business.
After emailing back and forth, we decided to record a conversation about our different philosophies and processes when scavenging and selling online. He shares how he currently makes most of his income selling books on Amazon (over 10,000 books in his Amazon FBA store), but how he really loves selling the one-of-kind items on eBay.
WARNING: I’m sorry guys. You must forgive me. You know we like to keep it short and sweet, but it wasn’t my fault. Somehow this interview turned into an hour and twenty minute marathon (even with editing). I was interested the entire time talking with Andrew so hopefully you’ll find it informative as well. Now go get a lot of packing done while listening.
Andrew will be answering any questions you have in the comments below. You can find him at these fine establishments:
Like Him On Facebook ► http://on.fb.me/1mipHap
Follow Him On Twitter ►
Check Out His Website ►
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Scavenger Life Episode 139: What’s Happening In Your eBay Store This Week?
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Despite being a slow week, we sold this $11 desk for $200. Not bad!
This week was painfully slow. We still made enough to pay our bills, but everything else was put on hold until sales pick up. We put our heads down and just listed like crazy because of the lull, and sales did pick up. We answer a question about how to identify vintage fabrics, here is a pdf and a video on to how to do a burn test to determine what fabric you have. We also mention how to print two shipping labels () on our favorite Brother Laser Printer. And here’s the link to the article discussing how eBay tells Chinese manufacturers what vintage items are hot so they can make reproductions.
The Weekly Scavenger Numbers
Our Store Week August 2-9, 2014
- Total Items in Store: 3501
- Items Sold: 37
- Cost of Items Sold: $87
- Total Sales: $1,217.63
- Highest Price Sold: $200 (Mid Century Desk)
- Average Price Sold: $32.89
- International Sales: 10 (8 GSP)
- Returns: 1
- Positive Feedback: 21
- Neutral Feedback: 0
- Negative Feedback: 0
- Money Spent on New Inventory This Week: $230
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Mid-Week Q&A: Open Thread
Several listeners have pointed out a mistake I’ve made over the past year. I have stated many times that I assume that eBay/Paypal fees are about 17% of our profit. But as Mike points out, I’ve been way off base:
I understand for Paypal, it’s 2.9% plus $0.30 USD of the amount you receive.
eBay is up to 8% (minus 20% for Top Rated Sellers) of final value plus maybe $.20 listing fee if that applies and an average of $.22 an item sold for the monthly store fee.
So eBay/Payal fees are in reality closer to 11% of the profit we make. In my defense, I came up with that number is our early selling days as a quick way to estimate our expenses. I was probably including all our costs such as taxes, storage, etc. But it’s good to be clear on the numbers. Thanks to everyone who pointed out my error.
This is an open thread. A perfect place to sort out your own errors…so have at it. We hope you guys are having a good week.
Some simple rules-
- We do allow anonymous commenters, but we encourage you to use your
ID so people can get to know you. Plus you won’t have to re-enter the
code for each comment. - Be civil. People have different ways of doing the same thing. If we disagree, no big deal.
- We are solution oriented. If you want to simply hate on eBay, go to
the dark depths of the eBay forums where your hate can be polished like a
precious jewel. - Please back up any issues with facts and specific links. We don’t deal in rumors.
- Comments are threaded (what?). So you can either reply to a specific comment or start an overall new topic.
Scavenger Life Episode 138: How To Make Money Selling Items On eBay That You Bought On eBay
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Last week we had a mystery commenter make a very bold claim: he bought items on eBay and sold the exact same items on eBay with a 50% markup. He said it did it every week consistently, making about $5k+ every month. He was a part-time seller for a long time until he was recently laid off from his job.
As you know, we love numbers and facts so I began speaking to him through email. This is how I got to know Chris the Coin Guy. I couldn’t believe that the same exact item could be sold twice on eBay (sometimes in the same week) for that big of a profit. It’s like a snake eating its tail. He agreed to do an interview and explain his process buying and selling coins if he could remain anonymous. I’ve seen his eBay store and can verify that all his claims are true.
What’s interesting to me is that Chris says that he capitalizes on the inefficiency of eBay auctions. Yes, sellers think the market will set the best price…but as Chris points out, most buyers don’t obsessively follow every auction. He wins about 25% of the auctions he bids on for way under what a coin is worth. Then he puts it back on eBay at Fixed Price for the price it should sell for. It’s unbelievable he can do this regularly.
The eBay forums are full of people who hypothesize how eBay works. Great to hear from sellers who lay out their process and share their numbers. No mystery involved. No one can argue with a seller who can pay their bills at the end of the month.
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Scavenger Life Episode 137: What’s Happening In Your eBay Store This Week?
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Favorite sale this week was a junky looking $2 Hoover handheld. Just replace the belt and charge $50!
Our sales have picked up a bunch this week. Lots of random, bread and butter items selling, which we love. Had a ton of photographing and organizing to do in order to prepare for family guests. That motivated us to clean and clear out our office. We’ll try to keep it that way from now on, wish us luck! Jay challenges Ryanne to list as much as humanly possible in August before we go away for 6 weeks again. We again mentioned our love of Ting.com, since our next phone bill will only be $45 total for two of us instead of $200 like it was before. Also mentioned are our favorite Brother Laser printer for printing labels. Could not live without those two combined.
The Weekly Scavenger Numbers
Our Store Week July 26-August 2, 2014
- Total Items in Store: 3457
- Items Sold: 37
- Cost of Items Sold: $401
- Total Sales: $1,843.72
- Highest Price Sold: $280 (scrap gold)
- Average Price Sold: $49.81
- International Sales: 7 (6 GSP)
- Returns: 0
- Positive Feedback: 27
- Neutral Feedback: 0
- Negative Feedback: 0
- Money Spent on New Inventory This Week: $45
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Are We Yuppies? Y/N?
In our last podcast, we mentioned working with a local carpenter who
has been building custom furniture for a vacation home that
we’re getting ready to rent. We’ve used our eBay profits from the past two years to
buy and improve this 1850’s brick house so we can have another income stream.
Instead of just seeing eBay as a grind, we’re making sure eBay is
opening up new avenues for us since we need to think of our own
retirement. Maybe one day we won’t be selling old shoes on the internet.
Anyway, a listener wrote in to ask us to post photos of some of the stuff we’re having built. So here’s some examples-
This is our most recent project. We worked with a great stone mason to build this outdoor BBQ/Fire Pit. It was fun to draw out a design, scavenge the material, and see him bring it to life. Those are soapstone tiles that Ryanne’s father gave us that were just lying around in his yard. He also built that little stone patio and wall that you see in the background.
This is an old farmhouse so the space is very funky. We put the stove where the cooking fireplace used to be. Our carpenter friend built us these custom shelves out of wood we scavenged from a bookcase in the house. That’s heartwood pine that was hiding under ten layers of thick paint.
This is a desk we had made from old oak beams that we bought for $10 each! The guy told us they were from a Civil War-era building that had been torn down. They were just sitting in his back yard getting wet. We, of course, bought all of them and used them for several other projects. Wood like this is priceless (and very heavy).
Just a detail of the same desk. We wanted a more minimal modern design.
This is an antique soapstone sink that we found on Craigslist up in Massachusetts (yes, we drove it down to Virginia from there). These sinks were in the basements of many old homes in the Northeast, and often used as just sloppy utility sinks. I’m just glad we didn’t have to haul it up some cellar stairs. We bought it from a very cool guy named, Eric, at Artistic Soapstone. He’s a teacher by day, but then scavenges and restores these old sinks.
We built the base from old pine timbers that had been pulled from a barn. Another great Craigslist score.
Our stone mason friend re-did the fireplace with stones we pulled from our yard. There had once been an outdoor summer kitchen with a collapsed chimney so the stones were perfect for stacking. The mantle is another one of those pine beams.
This used to be an old built-in china cabinet. Covered in decades of oil based paint and mold. We ripped it out, planed the wood, and built these open shelves. Cabinets just allow us to hide and forget things. We like open spaces where you can see everything.
As you can imagine in an old farmhouse, the bathrooms are tiny. We built this sink cabinet to fit the space perfectly. We used heartwood pine that I scavenged out of an old county building that was being torn down. They gave me a week to get anything I wanted. I pulled about eight truckloads of beautiful wood. The rest was just put in the landfill 🙁
Some good friends gave us that mantle that was sitting in their garage. The tiles were bought out of a reject box in the back of an architectural salvage store. We had the shelf built in to the corner for a little library.
We found a fence-building company going out of business on Craigslist and bought Western Red Cedar boards for $1/each. We had 5 of these custom Adirondack-style benches made for enjoying the BBQ. Cost about as much as something higher end at Lowes/Ikea (but we think more functional).
We love it all because of the designs and quality of materials. So does this make us Yuppies? (Yes or No)
Scavenger Life Episode 136: We Answer Your Questions and Comments
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As many of you know, we have been traveling a bunch in the last couple months. This has meant that we haven’t always had time to answer questions in the podcast consistently every week. To make up for that, we are dedicating this entire episode to answering questions. Remember, we do have a Q&A post every week (Thursdays or Fridays), where you can ask questions and they will get answered by a whole bunch of people who hang out on the blog, not just us. You can also email us, check the sidebar of the blog for that email address. If we haven’t covered everything your question asks, make sure you use the search function, also on the sidebar, to find topics we’ve covered in depth on other shows.
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Scavenger Life Episode 135: What’s Happening In Your eBay Store This Week?
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Perfume and playing cards are our new best selling items. So easy to store, pack and ship.
This week has been the slowest that we can remember. But, you know us, we just keep working. Had some great suggestions on new ways of scavenging from listeners. We’re getting some custom furniture built for our rental house that we’re very excited about. Check out Greg’s tool, the Defect Report Viewer, for viewing your defect ratings in a better way than eBay lets you. We like smart people.
The Weekly Scavenger Numbers
Our Store Week July 20-26, 2014
- Total Items in Store: 3481
- Items Sold: 30
- Cost of Items Sold: $85
- Total Sales: $1,086.73
- Highest Price Sold: $150 (Vintage art)
- Average Price Sold: $36.20
- International Sales: 3 (2 GSP)
- Returns: 0
- Positive Feedback: 12
- Neutral Feedback: 0
- Negative Feedback: 0
- Money Spent on New Inventory This Week: $80
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Mid-Week Q&A: Open Thread
If you’re like us, you are swamped with inventory from the summer yard sales and flea markets. Some of it we store away in plastic bins for the winter months, but the rest we are focused on getting up now. Today for instance, we’re photographing men’s winter coats. There’s a whole pile of them and we want to list them by September. This is the unglamorous part of being a Scavenger- after the treasure hunting is done, putting your head down and doing the work.
Anyway, this is an open thread so you know what to do.
Some simple rules-
- We do allow anonymous commenters, but we encourage you to use your
ID so people can get to know you. Plus you won’t have to re-enter the
code for each comment. - Be civil. People have different ways of doing the same thing. If we disagree, no big deal.
- We are solution oriented. If you want to simply hate on eBay, go to
the dark depths of the eBay forums where your hate can be polished like a
precious jewel. - Please back up any issues with facts and specific links. We don’t deal in rumors.
- Comments are threaded (what?). So you can either reply to a specific comment or start an overall new topic.
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