Monday, September 26, 2016

Our Week Selling on Ebay September 26th 2016

10 comments:

  1. Tony and Deidre, Sorry to hear that last week was not as good as it started out for you. I have so many false starts like that, that I don't even notice anymore - ha ha!

    My week was like a roller coaster, with absolutely no consistency. There were a couple of no-sale days, then a great day with $190 in sales; Go Figure!! I just cannot understand why Ebay is so inconsistent.

    However, my solution, as of today, is that I am going to just try to get up more listings. I really believe that for me, I need to hit it hard with listing more and more items, and that will bring more consistent sales.

    If you want to hear a good interview about quick flipping, I started listening to an interview with Nicole State, who was interviewed by Chad and Ronnie Hart. She talks about when to start and end auctions, etc. and you might like her model for the clothing business. She is clearly very successful. She sells items at low prices and offers free shipping, and still makes a profit. She buys at the Goodwill Outlets, as well as other thrifts. I enjoy listening to her talk about her Ebay business, and I believe that she has some YouTube videos also.

    My plan for this week is to just list as much as,possible, and see what happens. Oh, and the slowdown is real, because I compared my sales for this month to the last 2 years, and I am below both 2014 and 2015, despite having so much more inventory that those years. Oh well, it is what it is, and I sure do hope this stretch of weak sales comes to an end for all of us really soon, because it sure is annoying, to say the least! Here's to better sales for all of us!!

    ReplyDelete
    Replies
    1. I love Nichole but she like Amazing Taste sells nothing but high end clothing, big brands that we can't get here. I mean seriously if it doesn't come out of a Walmart it is RARE in our thrift stores as far as clothing goes. The only brands we see in abundance are the bottom of the barrel brands here. You would seriously have to see it to believe it, lol

      Delete
    2. Tony, I just discovered Nicole last week, and really enjoy hearing her talk, and am just learning more about her. Gosh, is she just awesome, or what??!!??

      So now I understand what you are saying about the limited selection available at your local thrift stores. That is really a challenge for you guys, and now I get it, because in my lifetime, i have visited a few thrift stores like what you described. Not only is it discouraging, but you certainly can waste a lot of time at those kind of stores, just hunting and hunting for decent merchandise. I sure feel for you!

      My challenge is that I can find decent merchandise, but the prices are very high. So I am frequently unable to buy at those prices and resell for much of a profit unless I price rather high, which means my items sit and do not move very fast. It is hard to make much profit selling an item for $20 if it costs you $8 or even more. It's just all-around challenging, that's for sure!!

      It will be very fun to hear about your experiment with the auctions, and I hope they bring you lots of bidders, and perhaps more attention to your store, along the way. Wishing you lots of luck!

      Delete
  2. Tony, Another thought is that you could run sales on those items you say are old inventory, and then see if that moves more out of your store. Just a suggestion for you !

    ReplyDelete
    Replies
    1. we have tried sales on our old inventory before but not much luck, maybe we should have left them on sale for much longer periods or had much deeper discounts, i dunno but it's all good, we are going to try the auctions for a bit and will let ya know how that goes.

      Delete
  3. Just wanted to say thanks for the video. Love watching you guys and you sound like you live just down the road (our accents match;-).

    Be sure not to let those Harley shirts go for too little. I don't know about the men's, but the women's HD shirts we've sold have sold pretty quickly in the $27-50 range. The $27 one had several places where the stitching was unraveling!

    Have you checked your thrift stores for 80's and 90's men's and women's jeans, yet? That's something we sell EVERY week. That alone, would add $40 to your weekly totals and they are so easy to list.

    Hope you're having a great week.

    ReplyDelete
    Replies
    1. Cindy C, How do you identify 80s and 90s jeans? Also, how do you make the listing process go fast? I rarely sell pants, and have never sold jeans, so I am curious about the whole process, if you don't mind sharing. Thanks so much!

      Delete
  4. Hey Pat,

    In women's jeans, I always look for Levi's 550, 551, 512 & 950's. The 80's versions will always be made in the USA. The 90's are US and Mexico made. They will have the larger brown tag at the back (outer) waistband and a small white tag attached to the bottom of the inside waistband with no writing on the inside waist. The rise will be atleast 10.5 and more often in the 11-12 inch range .

    Vintage Tommy Hilfiger also sell well, but are harder for me to spot. Probably because I wasn't wearing those in the 1980's or 90's.;-)

    In men's, look for that "acid wash" look in any kind of jean. I don't find these often, but I love it when I do. They will sell within a few days of listing at the $40-$60 price point.

    Once you get the initial listing done, it's super quick with your next one to Sell Similar. Then you just go through and change the few spots where the info is different. We always provide measurements for the waist, inseam and rise. Be sure to note that vintage sizes tend to run small and suggest that they check the listed measurements to get a good fit. Another plus, is that they will all ship in a padded flat rate envelope - my favorite way to ship and a fairly cheap option for the customer.

    We picture them on the floor. Folded, front, back, inside tag and then outside tag. It goes really fast - well, it did anyway, before my husband injured his knee. Who knew that a knee was so important to an Ebay business!?! ;-)

    We're definitely not experts, but somehow we stumbled into vintage jeans and found that they work well for us. Hope this helps!

    ReplyDelete
  5. Cindy C, Wow! Thank you for your extremely thorough and detailed explanation of how to look for 80s and 90s jeans. I am excited to start looking, and see what I can find, since I have never even looked at jeans for reselling. Definitely very helpful!

    I hope your husbands knee improves soon. Knees are something we all take for granted, but like you said who knew they were so important for Ebay work - ha ha! Healing thoughts to him!

    ReplyDelete
    Replies
    1. You're very welcome, Pat. Hope it works for you. We sold 2 pair of vintage jeans this week, which added $83 to our bottom line from a $2 investment.

      Thanks for the kind words and thoughts towards my husbands knee. We really appreciate it!

      Delete