Monday, January 4, 2016

Chronicles of a full time eBay selling family: 2016 our new beginning

I know I have been silent for a few weeks and you're probably wondering what the heck happened? Well to be quite honest we took the month of December off. I was getting a little burned out from doing all this on my own so I needed to just back off a little bit. Now that my wife is with me we decided that we would start the new year in a completely different direction then what we have been doing in the past.

Our main source of inventory has been clothing but from our experience we have discovered that clothing while it does sell, it does not always sell fast. We need items that are going to sell quickly for more than $20 a piece. While we do love clothing it does seem to sell for quite a bit less most of the time.

The problem is if we devote our time to clothing then we're devoting our time to items under $10 apiece for the majority & we need quite a bit more than that to make a living doing this. Till now we have had the luxury of just making small amounts of money and that was fine but from now on we have to think much larger.

So I went back and looked at all the items that we have sold over the last year to see what had sold consistently for the most money and it was not hard to figure out that the shoes and boots category was the clear winner. We've also had quite a bit of success with purses, leather purses to be exact. we have done well with fleeces and jackets. We lost in shirts and blouses and jeans. You might say we lost our shirts in shirts :-)

I would like to say we spent the last month doing research but that would be a lie. We spent the last month enjoying our freedom. Probably not the most profitable way to spend our time but it was very enjoyable but now it's time to get back to work. Over the last few years we have gained a good amount of knowledge but I will be the first to admit that we don't know nearly enough . Last year we averaged about $1,000 a month with less than 500 items in our store and this was consistent throughout the year. This year we need at a minimum $3,000 a month to pay our bills.

I joke with my wife that we have discovered 500 things that won't sell but I guess you could say that was the cost of our education. One thing that has surprised me is board games, I never ever tried to sell board games before and we have done amazing with them especially the ones that you can find that have never been opened, those sell very well for 20+ dollars a piece.

 Anyway that's it for now just want to let you guys know that we are back and about to get back into it. We've enjoyed the vacation but now it's time to go back to work.

Thanks for reading,
Tony

2 comments:

  1. Glad to see you back. Looking forward to hearing how you do with your new focus.

    ReplyDelete