Monday, October 17, 2016

Selling on eBay and Breaking all the Rules !

15 comments:

  1. LOVE UR VIDEO HUGS PRAYING FOR UR BABY KITTY ........LIST LIST....MR(NO NAME LOL) NEEDS TO STOP BUYING JUNK

    ReplyDelete
  2. Cool Santa! Did you notice the resemblance to someone you know? ;-)

    ReplyDelete
    Replies
    1. i love that Santa ! yeah he does don't he, haha

      Delete
  3. Hi Tony, Thank you for the "Shout Out" and I really enjoyed this video. First of all, I totally agree with your analysis of sales tied to number of listings. I have been trying to figure out just how many items I need to have listed to create a sustainable flow of sales. It has never been easy to calculate this magical number, but I am on board with it being somewhere over 2,000 items. Buying the items is never the problem; it's getting them listed. I keep asking myself why it takes me so long, and I still cannot find any way to go faster.

    As I told you recently, I am finally over 1,200 items, and I have been pleasantly surprised that this month I seem to have had more consistent sales than ever before. Plus, higher dollar items are selling, which is great! I have been running MM sales regularly. I run them on each of my individual store categories, and pick a new category or two throughout the day to create a sale. This ensures that items are getting updated with the sale prices throughout the day. I started doing this back in June when my sales were rather slow, and it seemed to generate more sales. However, nothing could rescue my sales in July and August, if you recall me complaining rather heavily - ha ha!! Fortunately, this month seems like things are really picking up in my store, and it is truly delightful. I feel incentivized to list more and enjoy the whole Ebay experience far more because sales are happening. I hate the fact that my disposition is so greatly affected by Ebay - but I admit that I truly feel down when sales tank, and have a pep in my step when those sales are doing well. I sure wish I was less affected, but I guess we all like to feel successful, and sales are the true measure of success on Ebay!

    I hope your auction experiment is going well for you this week, and look forward to hearing the results. It's good that you are experimenting with different selling formats. With Ebay, it seems like being nimble and adaptable is the only way to be. Hope Little Mr. Larry is feeling better, and adapts to his new diet. Who knew that fish was bad for a kitty??!!??

    ReplyDelete
    Replies
    1. Larry is doing well ! I hear you on the dreary feeling you get when nothing is selling, such a downer. We are hoping our daily auctions will create daily sales to keep us motivated if nothing else. We won't know until next week the full result. I'm feeling good about it though.

      Delete
  4. Tony, I wanted to mention that I am already selling my Christmas items. I sold a needlepoint angel stocking plus a knit top and sweater for Christmas. It is good to see these things selling this early. I still have a couple more things related to Christmas, and am hopeful they sell soon. Keep listing!!

    ReplyDelete
    Replies
    1. I can hardly believe we are this close to Christmas, it feels like the year just got started. We did ok last week but nothing spectacular. We checked out RockstarFlipper and he says the uptick starts in November so i guess we will see. 800 new listing or bust by Christmas !

      Delete
    2. I sure hope that we get an uptick in November. However, historically I do well in October but not quite as well in November; and worse in December. But then I experience a big increase in sales starting in January. I believe these trends are because I stock so many sweaters. But after experiencing dismal sweater sales last winter ( possibly due to warmer El Niño weather), I decided to buy more tops and blouses for resale rather than sweaters. And don't you know that my sweaters are selling rather well in October. Which is more in line with what I would expect, given the predictions of a cold winter ahead.

      My weekend sales were bad, which was the bad news. But the good news is that it gave me time to get more listings up, which was great. Your emphasis on increasing your listings is motivating me, also - so A huge "Thank You" for that!

      Delete
  5. I stumbled across your videos and blog a couple of weeks ago. I really enjoy your videos. I really rooting for you two to succeed.

    I still have a full time job and a pretty big mortgage, so I probably won't be going full time ebay any time soon, but I enjoy watching other people do it and hope that some day I'll get there, too.

    Just a couple of ideas - have you ever watched Dorky Thrifters? She/they seem to have good luck with eyeglasses and bible. Also, costume jewelry - if you can find it cheap, would be a good thing to add to your $4.99 auctions.

    Good luck!

    ReplyDelete
    Replies
    1. Thanks Crystal, it's been a struggle and we still haven't stabilized yet but we are getting soooooo close. It's funny you mentioned costume jewelry, Deidre just said today we should look into that for the auctions ! I guess great minds think alike :-)

      We have not checked out Dorky Thrifters but they are now on our radar so off we go !

      Thanks !
      Tony

      Delete
  6. Tony, I just found 7 more vintage sewing patterns, and will be listing them tonight - dang, you got me hooked on them when you talked about them here on your blog.

    October was a good month for me - my second best month this year, and I am pumped, after doing so well.

    Hope you guys are having great sales!

    ReplyDelete
  7. Hi, just found you guys today. You're funny! Wish we knew you in person. Anyhow, I wanted to toss in my 2 cents on old stock. I have a lot, too. Ugh. Someone made the point that if you sell something for even $5, that's $5 you can turn around and spend on something that will sell for $25 or more. There is also the thought that having smaller items for sale attracts more people to the store who may buy larger items. Me, I'm working on some old stuff, then some newer stuff, so I have a bit of both going on. I'm also trying an experiment this week and took a bunch of items that had decent views and a watcher and put them on auction. They weren't selling, just sitting, so since they had so many views before, I'm hoping they get that many views, and hopefully some bidders, now. And actually, 3 items got bids the first day, which is unusual. So, we'll see how that goes. I'm pretty much listing high for a month, then will either lower the price quite a bit or send to auction to move it out because.... I'm in the MOVING business (move it out of my house) and not the STORAGE business, lol. I'll be watching more of you guys. I like to have videos on while I'm working my listings to see what other sellers' strategies are and what people find.

    Hasta luego from Tucson!

    ReplyDelete