Saturday, June 27, 2015

1st Week Full Time on Ebay

Since this was my first week selling full time I will be honest, I wasn't expecting too much but I have to say this week has been a pleasant surprise. With less than 360 items listed we made 354.00 for the week of June 21 - June 27

My full time job that I just left was paying me 430.00 per week after deductions so I'm pretty close to reaching the first goal of just replacing my own income. We will need double that to replace both me and my wife's income. 

Now next week could be a nothing week and I'm prepared for that if it happens it will be ok. I know we won't get a regular income from this that we can actually count on until our listing hit around the 2000 mark so that is what I intend on getting to as quickly as I can.

The Flea market has been horrible for the last 2 months and that is probably because I still have not found an item I can sell there consistently. I am considering just getting out of that market all-together.

Clothing continues to be our best sellers and we are getting into shoes now which accounted for 80.00 of our sales this week. I have been listing plush toys but none have sold yet. Plush toys may not be a good category to be in so I will have to wait and see on that. I find they are not well shopped in my area so I can find some of the more rare ones. 

Of course having a rare item that is not in demand doesn't pay the bills so it's just an experiment for now.

I Also got a booty load of Barney VHS tapes which I am going to sell as a set, I only paid 25 cents a piece for them so hoping I can put like 10 together for a sale price of around 25.00. 

That's about it for now, Thanks for reading and please come again !

See Ya !

Tuesday, June 23, 2015

A New Era Begins

I'm still getting used to the idea that I'm now self employed and no longer have a 9-5 job to go to but that doesn't mean I can just lay around this house and do nothing all day. If anything, my days are fuller than ever.

So over the last few days we have had lots of family stuff going on and that, while enjoyable, has slowed the progress I had hoped to make but that's all over now so it's full on ebay. 

My observation thus far has been that doing this by myself I am pretty much confined to about 15 listings per day. Doing all the photography, descriptions and doing the data entry per item takes some time so I will probably be able to increase that over time but for now I'm ok with those numbers.

It feels like we are nearly starting our ebay store over. I had let the number of listing we had fall to around 330 as we were doing 99 cent auctions getting rid of some older inventory I knew was junk. My logic was that by freeing up that space I can now populate our store with good products that we know will sell.

Anyway at less than 400 items our store was producing about 600.00 a month in sales but I will say the inventory has been stale for a while and much of it is older stuff that was well, just junk. I will post on here how much our sales increase as the total inventory numbers increase and that should give you an idea of how much inventory it will take for you to make a living doing this.

I have about 400 new items waiting to be listed and now I'm able to go out each day and spend some time looking for new items. It's funny but each thrift store seems to have a "best day" to look for stuff. Monday was great, I spent about 55.00 and that got us about 400.00 resell value in new inventory. One of the really cool items we found was a brand new pair of Harley Davidson Motorcycle Harness Boots for 4.00 ( SWEET ! ) 

We are about to go out again today to look for more stuff so gotta go for now :)

Later Gaters,