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A cool sale that happened, that I wish I could hold onto, was the Brother P-Touch Label Maker. I love a good label maker!
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Trash to Cash. A podcast about making a living on eBay.
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A cool sale that happened, that I wish I could hold onto, was the Brother P-Touch Label Maker. I love a good label maker!
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A slow week if you exclude the anomaly that was our highest sale ever, an $1800 piece of fabric. We’ve continued to pursue our Amazon FBA experiment with good results. It’s like learning a new online selling puzzle. We still love eBay for selling weird, one of a kind, vintage items though. If you haven’t listened, we posted an interview with Mark, an accountant who specializes in online businesses. We also just posted a new interview on Shampoo and Booze. Check em out. Hope all of your weeks pick up!
Links we talked about in this show:
Our Store Week February 14-20, 2016
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Bonanza: $0
Amazon: $468.57
Vangoe: $0
Etsy: $0
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Around this time every year, we start getting anxious messages from eBay sellers knowing that they have to do their taxes soon. Usually this is their first year selling online and they suddenly realize that they made a good deal of money. More than just “garage sale” money. More like a serious “part-time job” money. Or even more. And if it’s over $20k, Paypal automatically notifies the IRS of your earnings.
So I reached out to Mark Tew, who is a certified CPA and tax accountant. He runs the blog, Bare Budget Guy, which is about budgeting and personal finance.
We pepper him with all the questions we had about doing taxes as an eBay seller.
Of course if you ask a hundred tax accountants the same question, you could get a hundred different answers. But Mark is a smart guy and shares his knowledge, letting us know he’d have to find out more if he wasn’t sure. And that some answers depend on a seller’s particular circumstance. Consideration is an important trait in our book.
Mark is also taking new tax clients over at Not Your Dad’s CPA. Our local accountant is retiring this year, so we’re considering him for 2016. He lives in Michigan, but it can all be online these days.
If you have any questions, ask below. He’ll stop by to share his opinion.
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We made our highest sale of all time this week, a piece of Loro Piana cashmere and cotton fabric. $1800! Wow!
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We enjoy doing a weekly podcast and running this blog because it often feels like we’re all shopkeepers sharing the same street, interested in what each is selling and happy we’re all in business. Instead of being isolated in dark rooms across the country, we’re helping each other. Camaraderie over competition.
It’s the deep of winter where we are. This is Jay’s favorite time of year. Since there’s no yard sales or flea markets to distract us, we continue to get a lot done. “Death piles” (boxes of unlisted items) continue to disappear in our house. We are working on three years of stuff we have put off photographing. We keep mentioning “death piles” because they are the thing that often paralyze sellers who shop way more than they list. Attack those piles since it’s money just sitting there waiting to be sold.
We continue our Amazon FBA experiment, sending in 431 items in the past two weeks. About 25 items have sold. After in-bound shipping and final value fees, we’ve made about $145. Lots of low dollar items. We’re learning. We’ve become scan monkeys.
If it wasn’t for one very large $1500 commissioned art sale, we would have had the slowest week we’ve ever had. As others have said in the comments, sales trickled in for us. But we made the money we needed to make. When sales are good, keep listing. When sales are bad, keep listing.
Here are links we discussed this week:
Our Store Week February 7-13, 2016
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Bonanza: $0
Amazon: $160
Vangoe: $0
Etsy: $0
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One of my favorite sales was four yards of Laura Ashley fabric for $100. If you can find it, grab it!
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With the help of fellow Trash Elf, Vic, we finally started our FBA experiment and it was quite fun. Jay even started calling us Scan Monkeys, since now we’re looking for FBA stuff during sourcing. I even bought a barcode scanner on eBay. So I guess that really does make us Scan Monkeys. So far it’s fun and we’ve even sold a bunch of stuff. Hope you’re all having a good week so far with lots of sales.
Links we mentioned this week-
Our Store Week January 31-February 6, 2016
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Bonanza: $20
Amazon: $160
Vangoe: $0
Etsy: $0
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Check out completed Vintage Pyramid Bookends. Amazing if you can find them!
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Good week for us. No drama. Just an unglamorous steady stream of sales.
Here are links we discussed during the podcast:
Hope things have been going well for you.
Our Store Week January 24-30, 2016
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Check out completed listings for Vintage LL Bean Duffle Bags, ours sold for the lovely price of $200.
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