Build $50k - $100K in Working Capital in 12 Months (or less) Utilizing eBay's Platform!

by art72
111 replies
Welcome,

Intro:

This path centers upon utilizing existing and abundant resources that can be easily acquired locally (or online) with the least amount of financial effort, time, and investment. I like to refer to this process as "Modern-Day Alchemy" turning existing resources into the equivalent of gold itself (in value, not magic!)

Truth be told, this path began after reading savidge4's "warrior path' thread and committing to the challenge of learning eCommerce, reselling, and eBay's platform, specifically. So I too encourage others with any interest to visit his thread, as it contains a ton of value!

The Path:

Ultimately, the GOAL is to create a minimum of $50K in 'working capital' within 12 months (or less) from TODAY! (August 8th, 2022). ***Although, the chief aim is really $100k (in 12 -18 months or less) strictly sourcing items locally via thrift, auctions, yard sales, and (and possibly online) to resell on eBay's platform for profit.

The minimum goal is $50K in the bank, by August 8th, 2023. (*But, I'm aiming for 6 - figures!!!)

Granted, the financial goal will serve as a side-effect as the real challenge rests in researching what's selling(?) - How can we rotate our inventory faster(?) - and How fast we can generate a full-time income from these efforts to reach the end goal of $50k - $100k in accessible working capital within (1) year???

Right now, we have about $1500 invested in total (*out-of-pocket), have 193 active listings... and have recovered roughly $750 in sales (profit) to date, after all sales fees, shipping, and expenses. So, we have a long road ahead as we are still currently "in the red" momentarily.

Within this goal rests a few marketing practices that many here are either practicing or seeking to learn, (as am I)... such as copywriting, positioning, packaging offerings, and dominating the SEO with titles, keywords, and now; photography!

In summary, we started this journey about (2) months ago with very little working capital (*bare bones minimum)... and to date (as of today) we have sold 62 items with a total of (4) refunds, (1) broken item, (2) items the buyer stated "doesn't fit" and (1) item was shipped to the wrong buyer ( a misfire on the shipping label, oops!!!)

On a positive note, we currently have 100% positive feedback, (17) positive reviews, and (8) subscribers - despite the learning curve and aim to reduce seller costs by achieving "Top Rated Seller" status in the next 30 days (or so)... that too will help achieve the overall goal. (*reducing costs and fees).

To achieve the "Top Rated Seller" we need a minimum of $1000 in sales (*we have that goal met) - we currently have a total of $1408.67 (*in total sales) - with the average sale being $22.72 - What we need is (100) actual sales, so we are not here to brag, as I consider that a slow start-up! Also, we need to bring our shipping % score up from 93.88% to above 95% in order to qualify for the Top Rated Seller's benefits!

I'll be sure to update progress weekly and answer any questions you may have as we document the journey as a means to stay transparent and remain publicly accountable for the success or failure of this venture.

Summary:

  • Generate $50K - $100K in 'Working Capital" in 12 months on eBay!
  • Decrease seller costs by achieving "Top Rated Seller" status a.s.a.p.
  • Document with 100% transparency - the good, the bad, and the ugly!
  • By a years end, have minimum of $50K in the bank in "Working Capital"


Lastly, as we progress and learn the ropes, I'll be sure to add as much insight as possibly and hopefully in the weeks/months to be able to help others seeking interest in starting an eBay store, side-hustle, or just want to dabble in the opportunity.

I'm not sure if WF permits, but if so, I will likely post weekly screen shots as a progress report from our sellers dashboard to show our progress (*or failures, lol).

Thanks for looking...

Art

PS - I reserved the 1st comment for later summarizations and relevant links to future posts as this adventure grows.
#$100k #$50k #build #capital #ebay #months #platform #utilizing #working #working capital
  • Profile picture of the author art72
    Reserved for future references, summary, and links.
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    Atop a tree with Buddha ain't a bad place to take rest!
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  • Profile picture of the author max5ty
    Thanks for doing this thread.

    I'm looking forward to seeing how it goes and also to learn some things from you.

    I enjoyed Savidge4's thread and think this will be great to see how you've taken some of his lessons and made them work for you.

    Thanks again. Looking forward to this
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  • Profile picture of the author DWolfe
    Just subscribe to the thread, looking forward to your updates. Wishing you a successful journey over the next several months.
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    You can earn 10% average annual returns on your investments - https://app.groundfloor.us/r/m2aa7b
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  • Profile picture of the author art72
    Just a brief update and some backstory to better set the staging for future postings...

    Terri and I had ZERO experience with any eCommerce platform, and until mid-May I never even had an eBay account for buying or selling.

    All truth be told, I rarely (*If ever bought) or buy physical products online. Terri has an active account with eBay since 2016 primarily as a potential buyer (*not as a seller.) She could drain bank accounts if given the liberty to shop on multiple online platforms, no insult intended, she simply loves to shop! I love studying the marketing process, advertising, copywriting, placement, positioning, and SELLING, over that of buying STUFF.

    To date, there's been a very slow up-tick in our stats and traffic, which has been rather slow and dismal, as our current CTR (*click through rate) is stuck at .2% of ALL recorded impressions (*912, 076 impressions with 2,333 visitors to our listed items as of today Sunday 08/14/2022.)

    As far as time invested, that has been INSANE... as I respect many seasoned eBay'ers (*savidge4 and his wife Erin included) who can accomplish a great deal of work in just (2) hours a day, whereas as a newcomer to this platform, I'll admit... I am taking way more than 2 hours, although it is becoming more fluid.

    The Time Invested - So Far...

    I've been personally been clocking *50-60 hours per week, basically working 6-8 hours per day for the past 2 months!!! (*And, with due respect being completely green to this platform, I'm still learning the software, algorithms, photos, and best listing practices... it's not rocket science, but it is definitely a learning curve nonetheless! (*I'm sleeping about 3 hours per night again, as when my mind starts going into over-drive, I tend to overthink everything, good ole' ADD or ADHD!, LOL

    That "TIME SUCK" includes:

    Hunting and sourcing items, which can be time consuming depending upon the store, inventory, and the time we spend researching pricing, eBay's "SOLD" listings, and the current seller's asking prices (comparing the with and without FREE Shipping)... and it's crucial to know the markets and what the buyers are willing to spend. That has been tricky, as PRICING is "all-over-the-map" on eBay, from people who will spend $20 and be happy getting back $22 (*and only profiting $2) - to those like Savidge4 who start at a MINIMUM of 3X (*300% or greater) ROI! <--- That makes sense! $1 IN - $3 OUT... brilliant!

    So in essence, I personally have invested roughly 400+ hours, just getting my bearings, learning the system, seller dashboard, staging, photos, pricing, listing process, photos, and trying to utilize the best shipping practices and economical rates. I can honestly say it has become a daily addiction, and if I miss listing an item or several daily, I feel a huge VOID as it goes against my long-term vision and that which is become a "daily necessity" to maintain the forward progress, regardless of paycheck today, or the lack thereof!

    I'm treating this like any other disciplined effort. (*And, while money is a HUGE factor - I think Terri nailed it when I asked her WHAT SHE REALLY WANTS IN THIS LIFE & THE FUTURE? - Her answer was simply: "A Sense of Security") To not need, stress out, or worry about money. We've been walking that path on/off for 31 years already, we're growing tired of the old routines, at least I am.

    Granted, unlike savidge4 who openly states; "selling clothing sucks" - I will attest he may not be completely wrong (*as I am in that time suck zone) - but, there too is a blessing (and a curse) embedded in the selling of clothing especially for those disciplined enough to continue the pursuit - even if only through blind faith and a relentless determination. (*I started sub-contracting at 20 years old - (30 years ago) with a $2500 investment (*a private loan at that), van, shovel, pick axe, and a will to win in the pool industry!) *It sucked, but it paid 6 figures per year (back in the day!) and did so for nearly a quarter-century! (*I refuse to reenter that arena today, it's too familiar, non-stimulating, and exhausting amount of brain and labor! - and, it doesn't pay like it used to either!)

    My take on (*accidentally) building a clothing store on eBay... is as follows, and I still cannot guarantee success just yet! I can only base it upon the top rated sellers and people who specialize in those markets... and, I am far from that intelligent, educated, or nearly as disciplined as many of the MENTORS (*examples) I am currently following.... they have their disciplines and routines dialed in, whereas, we are still trying to SUSTAIN long-enough to reap the future rewards, which are VERY PROMISING!

    So... here's the overview:

    The Pros:
    • Naturally, clothing is an evergreen niche market! (*Unless you live in a nudest colony!)
    • Several Top Seller's (*TechNSports, Daily Refinement, and others) are crushing it - primarily with clothing!
    • Clothing requires minimal storage, and is easy to acquire inexpensively, store, and inventory.
    • Name brand items are abundant and easily acquired in our area - we live nearby Disney (*here in Central Florida)
    • Our average article of clothing COST ranges between $2 - $3 (*Goodwill is considerably higher, BUT, we have a honey hole nearby!)
    • Our average ROI to date has been 400% - 600% gains on our initial product/goods... (*We may sell more dropping that price to the 300% ROI) and on-going TEST/case study.
    • Shoes, Sneakers, Jordans. Nike, Adidas, have shown greater potential and greater ROI's - it's hard to find decent buyer markets for resell ATM. So, we do acquire those items, just not as abundantly as clothing.
    • Shipping clothing is fairly cheap and easy considering it cost more to ship than to acquire the items. (*I'll discuss the packing process we use in later postings...)
    • We've had minimal returns/refunds (*so far) - usually buyer claims; "doesn't fit"
    • The larger percentage of our now *68 sales have been shoes, sneakers, and/or clothing
    • The INVENTORY becomes a growing ASSET - to wit, I'll discuss our long-term plans to drop bigger chunks of inventory in the future to generate bigger payouts...as I have plans to exercise some ideas, once our inventory grows to substantiate the execution.
    • I currently see the inventory likened a "saving account" accruing a 300% - 600% ROI (*in the near and not so distant future!)

    The Cons:
    • We've purchased articles that have stains, damages, and/or wear that wasn't visible at first glance. (*Some of which can be treated or laundered, others are trashed, work rags, or will be re-donated!) - I prefer not to sell too many damaged items, if at all. (*We are getting more particular about what we buy as well) <--- spend the TIME inspecting items more thoroughly, it'll be worth it later on!
    • There's been steady traffic to most of our clothing items listed, but it takes more views in many cases to sell the items from what I have experienced. And... even then, we've sold items with ONLY 2 views, so who knows WHEN it will, I just IT WILL SELL to the right buyer!
    • If you allow offers, expect low-ballers who'll seek to get you to sell and ship the item at your costs, (*So learn the MATH FAST!)
    • There's always a higher risk of refunds or returns due to buyer's ability to say; "doesn't fit" and we always honor those returns. (*Currently, buyer pays return shipping, but once we clear the 1st few hurdles we'll enable FREE Returns to build credibility and secure the Top Rated Seller Plus status, hopefully!) <--- lower fees, better perks, and seller benefits!!!
    • I believe in order to sustain a full-time income we will need a least *500 - 1000+ items in stock, with a minimum daily sales average of 1% of total inventory DAILY (*5 - 10 sales daily, requires 500 - 1000 items in stock in this formula!) *Granted, we hope to increase that ratio to 2% - 3% overall sales conversions as we build momentum, reach Top Rated Seller, gain bearing, etc.
    • Despite the 300% - 1000%+ potential ROI on clothing, the profit margins are rather small - so it requires far more sales to generate larger payouts. (*Something GordanJ warned me of and I am aware lower profit requires increased number of sales.
    • Lastly, I "DO NOT" believe in saturated markets, there is room for EVERYONE in ANY market if done correctly... BUT, there IS a TON of people "pushing the same dope" so to speak on eBay, meaning: we are selling what many others are already offering.
    • Lastly, I NEVER realized how many item specifics clothing contains; from the collar styles, to what types of sleeves... there are many details in listing these items properly.
    • Lastly, it has become evident there are people wholesaling items, resellers, and retailers alike mixed on the eBay platform... so, I think it's critical to recognize the low-ballers are seeking to buy and resell, whereas, we are resellers by definition, but seeking to retail those products to an end user more over that of selling to other sellers (at least until we have more inventory!)

    Hence the TIME one may find themselves spending to get started will vary based explicitly on the niche market(s) you choose to target - And, the knowledge you possess prior to entering those arenas... like a typical guy, my knowledge of clothing prior was minimal, and just knowing if the shirt was on inside out was about my biggest whoa when it comes to clothing.

    By request, I was asked to include and honest time-frame (*time investment) from the initial start-up and will continue to log our weekly time investments.

    Truth be told, paranoia may be impart the cause of taking longer to gain bearing in ANY new venture, and in entering a new arena may also be a factor when someone enters a new discipline or daily routine. We hear people speak of this in reference to New Year's resolutions, and seldom do the majority break routine and break routine long enough to see it through.

    I personally took savidge4's advice literally when it comes to staging, taking pictures, item specifics, and especially, the extra TIME and work I spend when itemizing the DESCRIPTION BOX - as most seller's appear to be very LAZY in many of these areas... and, I can only hope the extra time, energy, and effort pays off. To date, I do not have enough data to determine "IF" doing all the extra is worth the effort and time invested... which reverts back to that negative vibe often associated with changing one's routine or entering an unknown arena.

    What I didn't do is heed the warning that clothing may be a TIME SUCK until the inventory, traffic, and conversions reaches optimal levels of predictability or to where you have so much inventory, the sales become a daily flow. Right now, I think we are just shy of reaching (2) sales per day with just under 200 items listed. (*Every time we are about to break 200 listing something sells or we are lacking funds for inventory!)

    Also, I've noticed there are several TOP Rated and Top Rated Plus Sellers that have been on eBay for a number of years, some upwards of (2) decades (*20-years) and they get away with posting 2 or 3 basic pics, minimal itemized specifics, and basically NO DESCRIPTION, or a bland description at best, by comparison to how I am disciplined for each and every item we list thanks to savidge4's orientation to small details! *Many of these people have a YouTube following or social media hub that is basically selling to their audience, which isn't wrong... but, doesn't exactly mean they are operating their stores properly or teaching propoer techniques either.

    [And... I am still going back and fixing pictures, specs, and descriptions as I wasn't doing it right until 6 -7 weeks ago, and now it has become more fluid! (*Faster and easier, less thought... autonomous almost!)

    BUT... that too, BREEDS a certain frustration, as I believe "in the long-run" our ORGANIC TRAFFIC will increase to epic levels as we are currently seeing WAY MORE 'organic visitors' than we get from eBay's sponsored ads, which I too have tested, and see NO REASON to set our sponsored ads any higher than 2% to be put in their ad rotation and SNAG sales...just as savidge4 mentions in his posts and indirect correspondence with my posts (*questions) on his eBay thread.

    Although, I "DO NOT" have the template completed for our weekly updates just yet..., I do plan to be 100% transparent with our (*currently LOW) sales revenues, time, energy, and our weekly, monthly, and 90 day totals concerning payouts. (*And... to be honest, it's almost embarrassing at the moment when examining the time, energy, and money invested -vs- the returns to date...

    BUT... the REAL FOCUS the is the INVENTORY is already over $5,000 and GROWING! (*just from donating plasma to start this ad-venture!

    So, if you can TRY to IMAGINE what a $160 weekly payout looks like when it's $1600 per week instead of $160... that has kept my attention and is actually driving the bus, so to speak! (*Meanwhile, I feel like a passenger on this trip awaiting to arrive at that destination!)

    I'll be posting on Wednesdays or Thursdays (*for the most part, life permitting) as we have our "Payouts" set for Tuesdays - which generally clears the bank account early Wednesday morning.

    For those who haven't read the other 3-year and counting eBay thread, it helps "IF" you allow eBay to use the sales revenue you generate to cover the shipping labels (*which are discounted considerably by eBay within your sellers hub - roughly 25% discounted from the standard USPS costs) and in covering ANY and/or ALL fees acquired from eBay's sponsored ads (*only 2%), and the percentage fees based on specific selling niche market costs! (*From what I've gathered the average around 15% until you earn bigger discounts, pay a premium, reach Top Rated Seller, etc...)

    Another words, be it best you generate the sales, keep a positive balance within eBay, as they deduct all the fees LESS... your cost of goods, shipping materials (*i.e., tape, boxes, packing supplies, gas, etc.) which keeps a tight & easy itemized spreadsheet for future taxes.

    I believe, we were issued a 1099-k form once we surpassed $600 in sales, but that $600 in sales (*in my current experience) equates to about 50% PROFIT MARGIN, after all costs, and the average ROI (for us) sits at or around 450% ROI (*or 4.5X for every $1 - Dollar in, we've received $4.50 in returns.)

    My biggest problems to date:

    1.) TIME (*putting in a great deal of time and haven't really pulled a paycheck from this venture to date, outside of bare bones minimal. We've turned the earnings into inventory - which rests now at $5,273.36... and, I have been playing with pricing - lowing some items, raising others as my knowledge of costs and shipping grows.

    2.) Our largest payout to date was only $160 (and some change) largely due to selling mostly $15 - $20 items, and after sellers costs, shipping labels, and eBay sponsored ad fees - we clear about 60% (*before deducting our item costs, gas, and packaging not supplied freely by USPS).

    3.) Late Saturday sales... we have our shipping TIME set at 24 hours, so if a buyer pays at 11:59 PM - the post office is closed until Monday, I believe we may start using UPS on Saturday purchases to keep our PROMISE of 1-Day deliver, as the UPS Store is open until 4 pm on Saturday's here... and CLOSED on Sunday's - so even late afternoon Saturday sales may exceed our 1-Day delivery promises!

    4.) Growing Inventory - we are on limited funds, so until we can generate higher weekly payout, we too are limited to the number of items we can list daily. The conundrum becomes; I intended to be Full-Time already doing eBay as our primary income. To date, that "IS NOT" generating nearly enough to rely solely on eBay ATM!

    *In addition, the idea was NEVER to start spending the money as it was generated, rather build a CHUNK... "Working Capital" - to wit, my mind was wired to think:

    If we/I can produce $4000 per month (*or $1000 average weekly payouts on Tuesdays) - I could easily acquire enough inventory to LIST 10 - 20 items per day, and do so with $1000 - $1200 of the sales revenue, leaving the equilvelant of a full-time job!

    However, that depletes the overall goal of having $50K - $100K stowed away in usable cash 1-Year from NOW!

    This is a different type of mindset by what my normal routine demanded for years, as I was self-employed for most of my working career - serving local clients in multiple trade skilled arenas spanning pools, spas, homes, apartment, and commercial properties as a "Jack of all trades; master of none, but still better than ONE!" (*In most cases!)

    Finally, in hope not to bore anyone...

    We funded this using DNA - plasma donations!

    So, despite any humility, there is NO EXCUSE that I can personally conjure up NOT to continue this pursuit relentlessly, and as a player and a scorekeeper... I'll admit my earliest projections have failed miserably, so this will be ONE HELLUVA UPHILL BATTLE for the next few months!

    THE ULTIMATE VISION:


    Once we get to a DAILY consistent listing of (10+) items per day, our inventory SWELLS and that becomes the ASSET(S). The ONLY RISK is NOT SELLING ENOUGH - Fast enough to generate a full-time income, increase inventory, and still meet the year end goals!

    Oh, and I will say this... we are not currently supported by any other financial resources currently, which means I will likely be seeking temporary employment or risk our current residence as bills are staking up, which makes it difficult to maintain a positive focus!

    In fact, I had NOTHING to list for the past (2) days as last weeks payout was a meager $70 - of which $40 went straight into new inventory, $12 went to packing supplies, and $18 went straight into the oil man's tank, as our Mazda 3 gets about 9 miles to the gallon ATM!

    So, we have NO Significant advantages over anyone else who is facing the proverbial uphill financial struggles, I LIVE there ATM... and I think; to a degree I did it on purpose, as a means to BREAK MY OLD ROUTINE of relying on 3rd party outside contractors, clients, and/or employers.

    And still... I NEED to acquire temporary employment -or- I do not think this venture will provide a living wage until we surpass the minimal $3500 - $4000 per month milestone!

    For the record, I am terrified of documenting this journey or attempting to teach others, as most the people I've tried to teach other skillsets to in the past wanted the money, not the reality of having to "DO THE WORK!" - and WAIT for the rewards!

    I'll be sure not to make a thesis of every post, I just want to make sure I am clear about the goals, our starting position, and the reality; we started this with minimal access to funds, so there will be a struggle expected for the next 2 - 3 months, after that we/I am hoping my predictions are TRUE and it explodes in a rolling inventory and cash flow system!

    To be continued...
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    Atop a tree with Buddha ain't a bad place to take rest!
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    • Profile picture of the author savidge4
      Originally Posted by art72 View Post

      Late Saturday sales... we have our shipping TIME set at 24 hours, so if a buyer pays at 11:59 PM - the post office is closed until Monday, I believe we may start using UPS on Saturday purchases to keep our PROMISE of 1-Day deliver, as the UPS Store is open until 4 pm on Saturday's here... and CLOSED on Sunday's - so even late afternoon Saturday sales may exceed our 1-Day delivery promises!
      There is a bit of a trick with this... Saturdays are tricky... most post offices close at Noon... we have a reginal office / hub not to far away and they close at 2pm but even with that.. there is a TRICK

      All you have to do is PRINT the label - it doesnt actually have to be in the hands of the post office.

      ITEM SPECIFICS

      You VERY rarely hear the other "Mentors" in the eBay space talk about eBay SEO... I can think an instance or 2 over a number of years I have heard the name Cassini mentioned at all.

      eBay is basically a search engine that happens to sell stuff... so in order to sell stuff, people have to search stuff. Much like Google, you have the basic search say "Nike" and then the go "hmmm, I want shoes" and then they type Nike Shoes" and then figure out they want womans shoes.. and then type "Nike Womans Shoes" until they finally realize "oh.. I want Womans Nikes size 8 womans Air Max Torch 4 running shoes"

      and the thing to focus on is " Woman's Nikes Size 8 Air Max Torch 4 Running Shoes " so with eBay, SEO you have 2 places to ensure those words are present. the TITLE, and the ITEM SPECIFICS. Some would call them "Shoes" others may call them "Sneakers" some may call them "Woman's" and others may call them "Ladies" Some might want the "Black and Pink" ones, and others may want the "Orange and Teal Ones"

      And just in this we start to understand how The title can only take you so far.. the Photo helps.. you would be able to see The Black and Pink ones VS the Orange and Teal ones... BUT if they are searching specifically... the photo doesnt count.

      ITEM SPECIFICS increases search reach - plain and simple

      The actual description has little to about nothing to do with SEO... and everything to do with buyer assurance, and covering your tail if there was ever a dispute... eBay's dispute team does NOT consider Photos as a "Description"

      If you are offering "Free Returns" ( and you should be ) and the buyer states "not as described" and your description is empty... guess who is paying for the return shipping. IF there is a decent to good description, and the buyer calling eBay to get a refund states it has scuffs, and the "scuffs" are in the description... the buyer may be paying to return the item to you.

      Keep in mind.. "Free Returns" doesnt actually mean you are eating each and every return. "Wrong Size" and in your description you have actual physical measurements.. the buyer is usually on the hook for the return shipping.

      The Devil is in the details... I run a business, and not an eBay channel on YouTube. Thinking like a "Marketer" the Description is how we set expectations... once they have looked at the listing photos and description the buyer KNOWS what they are getting - good, bad, or indifferent. I suggest it is worth the time.

      GREAT to see you start this. I would like to see more of the struggles you have had - it will for sure help others,
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  • Profile picture of the author art72
    First off, Thanks to everyone who has nudged me to document this journey, I greatly appreciate the support.

    Savidge4,

    I'm no expert at SEO - but I did do some intense research years ago concerning Google's algorithm, on-page SEO, and keyword density in articles and posts, etc... and I can definitely see where the search terms and item specifics are crucial on eBay's platform


    I've still yet to fully grasp the randomness to our sales, we listed a pair of men's Wrangler 'flex waist' jeans and expected those would take awhile to sell... We had (2) views, they're sold.

    Meanwhile, we have 215 views to a brand new Biaggi carry-on bag... and 11 watchers, still sitting there unsold... The sales are just so random.

    I used to think selling a bathroom remodel was hard, now I realize the odds then were 50/50 or maybe 33% chance of landing the job when a potential client received 3 bids.

    I think the biggest struggle we are facing (*other than more money to fuel our inventory faster) is being at the mercy of the market.

    I don't identify as a control freak... But, in theory that was exactly what drew me into this web of selling online... To some degree, I believe we can control the outcome of these events, provided we sustain the first 6 months.

    I do believe we should be "hunting" the more highly sought items (*and the very popular or evergreen merch) that has a higher demand than the number of sellers on the platform.

    We have sold some weird random items... Like 130 oz movie popcorn tins... that fetched 40X what we acquired them for... But, finding more is unlikely.

    In regards to the Cassini algorithm, I understand that it centers on the keywords and a potential buyer's search terms and we've utilized the "real estate" as much as possible from the number of pics we use (*min 6) usually 10 -12 per item, the item specifics we detail everything and even add fields (*when they are missing) like measurements, weight, width, etc..

    I do not see most of the "top rated" sellers doing any of that extra work... So, I believe in the long run, it'll be worth doing it on everything we list!

    But, much like Google SEO where "content is king" - I feel like we are guppies swimming in eBay's huge ocean of potential buyer's and I could be wrong - as we are just crossing the 90-day mark since signing up, I do feel eBay like Google places more favor on their "top sellers" much like Google favors the seasoned blogger with 3,000 pages of content.

    I sincerely hope my gamble on increasing inventory "out-of-pocket" doesn't backfire and leave us with a mountain of stuff that is slow to sell.

    What I really desire is to be sourcing 70 -140 items (1- 2) days per week... And listing 10 - 20 items per day.

    I wasn't aware of that shipping TRICK... once the label is printed the clock starts... Good to know!!!

    And... I did take note: eBay will send us a notification to SHIP by 'X' Date - which appears they do understand Sundays are just about void in the industry... So, I do feel there is a slight grace period before being penalized.

    Our shipping dipped because I had (1) sale on late Friday or a Saturday morning, and my stubbornness got the better of me... To wit, I was like WHY spend the profit driving to USPS for (1) measly sale that has an $8 profit, just to burn $5 in gas, lol.

    But, now I am realizing the discounts, benefits, trusted badge and top rated seller status will pay that back 10-fold later... So, hindsight in this venture is a huge factor.

    Like seeing a project on paper in it's completion before ever stepping foot on the job site, this mindset shares a similar frequency or vision.

    As GordonJ mentioned I feel like Sipyhus pushing the bolder up the mountain, as I honestly expected to be seeing $600 - $1000 per week payout sooner... But, I know those rewards are eligible, we're just not there yet.

    You see, I can get juicers, mixers, kitchen items, and more popular items - but they cost more upfront... Meaning, if we don't move them quick we suffer the penalty of listing minimal items each week...

    So, now I am a bit conflicted; whether we should build this 1st store primarily based on clothing, shoes, apparel, etc(?)... Get it flowing, then niche into other areas after we have the process and turnover times dialed in.

    Right now, I don't care if we are selling "Star Fish" to Norbert on a BOGO SALE or Board Shorts to surfers... I am 100% disconnected from the inventory regarding what I value those items to be worth... whereas, Terri approaches the pricing from the prospective; price it higher!!!

    We're still working on the metrics to SELL MORE (*faster) as opposed to the "Whoo-hoo we made $50 on a $2 item!" - It's definitely a RUSH when you find a $5 item that is priced at $269 as a collectible piece, but with clothing - I sincerely think I'm finding the "sweet spot" buyers are willing to pay (*especially, for pre-owned, non-vintage pieces!)

    We are competing against sellers who have "brand new' T-shirts in bulk who sell a VAN's shirt for $12.50 (*and have 74 more in stock) with FREE Shipping... and we need $15.00 minimal to cover costs and pull at least 3:1 ROI's.

    So, that is a reality we can only guess suggests, once we build that working capital we can "invest" in a totally different mindset towards what we sell and the minimum we need to "ROLL" future inventory into bigger (*or faster) ROI's.

    Lastly, I know how to use photoshop and in the future those 3D manikins with multi-product images are attractive - seems many of the Top Sellers use the same tactics... we're still trying to graduate from "bootcamp" at this juncture, lol.
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    • Profile picture of the author savidge4
      Originally Posted by art72 View Post

      I've still yet to fully grasp the randomness to our sales, we listed a pair of men's Wrangler 'flex waist' jeans and expected those would take awhile to sell... We had (2) views, they're sold.

      Meanwhile, we have 215 views to a brand new Biaggi carry-on bag... and 11 watchers, still sitting there unsold... The sales are just so random.

      I used to think selling a bathroom remodel was hard, now I realize the odds then were 50/50 or maybe 33% chance of landing the job when a potential client received 3 bids.

      I think the biggest struggle we are facing (*other than more money to fuel our inventory faster) is being at the mercy of the market.
      You should be at the Mercy of nothing - including market. There is absolutely nothing random about any of this.

      Wrangler 'flex waist' jeans there are 436 listings and 205 SOLD results. Active + Sold = 641 You then divide Sold by active+ Sold ( 205 / 641 ) and you get a 31% sell through rate ( within 90 days ).

      Biaggi carry-on bag 17 active listings - 20 Solds there should be a 54% sell through rate. BUT if you look at the sale dates 1 sells every 5 days give or take

      11 watches... 1.5 million listings for "Mens Watch" 411,000 sold so give or take a 20% chance you will sell that item within 90 days

      Start niching watches down to say "Men's waterproof watch" and there are 43,000 listings and 4195 sold - so 10% ( +/- ) chance of selling

      The market is speaking... BUY MORE FLEX JEANS - Buy less watches.

      A clothing category that I am partial to is Mens Ties- Small, easy to photograph, easy to ship, fairly inexpensive to buy - once you start look there are plenty around.

      Mens dress shirts - there is a demand... you start looking at some of the brands and the sell through rate is pretty quick.
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  • Profile picture of the author art72
    Weekly Progress Report:

    • Total Sales - Past (7) Days: $192.18
    • Total Sales Past (31) Days: $921.56 (*up 46.3% from the prior month)
    • Total Sales Past (90) Days: $1,696.21 (*really only 9 weeks in)
    • Number of Items Currently Listed: 189
    • Total List Price of ALL Inventory: $5,210.83 (*asking prices, not final)
    • Number of Items sold: 77
    • Positive Feedback: 100% (24) 5-Star Reviews - (0) Negative Feedback
    • CTR (*Click-Through-Rate): Currently .3% (up .1% since last review)
    • Listing Page Views: 2360 Total Traffic (up 15.5%)
    • Total Subscribers: 9


    Our weekly payout on Wednesday, August 16th, 2022 was $99.96

    Also, despite our 90-Day Sales Total being $1,696.21 - we've only had a total of (9) weekly payouts, as the 1st few weeks were VOID of sales and I didn't really FIX our listings until about 6 weeks ago... so, there's been some 'gray area' and 'lessons learned' that could be chalked up as the learning curve lessens, which does greatly effect our forward progress.

    We've made (15) sales since August 8th and the start of this post... still slow growing, but it is growing!

    To be honest, this past week we only really invested about *15-17 hours, due to the fact, I cannot continue to spend more money 'out-of-pocket' than what the weekly eBay payout permits from this point forward.

    Our $99.96 payout was absorbed on 30 new items to list, *we spent $60 on merch - (2) Bundles of (12 pk) 11 x 8.5 Bubble Mailers (*Walmart) = $15, and $20 in the tank.

    *If you look at the 30 items - the average item will fetch $20 (on average) = $600 (or 10X) before any seller fees, ads, or shipping. Clearly, our average cost per item right now is $2.00 each.

    Terri is just now starting to understand the math... although we may sell a $2 item for $20, around 50% gets eaten up in fees, shipping, and our costs. So, if we land a $20 sale, we are receiving a 500% gain, 5X, or a 5:1 return on the initial investment.... which in this example would be $2 in and $10 out.

    People like Chris at Daily Refinement are stating as 'sellers' we need to understand what our TIME is worth - and he often states; $50 per hour 'X' number of hours per week... viola' you earned "X" amount.

    However, if I calculated my TIME right now, the earnings would be ZERO - but, I do see the $5210.83 as my FUTURE EARNINGS... and, that is growing, as once I list these 30 items, that number will jump to at or around $5800 - $6000 in listed inventory!

    Just my 2 cents. but it is easy to see why so many students fail when entering new arenas, as there is that all-too-easy desire to fallback on the old mindset that might put more money in your pocket in the short term, but in the long-run... often keeps people trapped, dependent, or too comfortable) on a specific budget with little (if any) real room for growth.

    I think sometimes that feeling of 'discontentment' is actually good, as it renders a necessity to explore beyond one's known routines.
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  • Profile picture of the author max5ty
    "However, if I calculated my TIME right now, the earnings would be ZERO"

    I understand what you're saying here...but, I sometimes remind myself that if I were sitting around watching T.V., or posting on forums , I would be making zero.

    Sometimes when we start doing something we try and calculate how much an hour we're making, when in reality that's not conducive to statistics because we're not estimating how much our normal "doing nothing" is costing us. Don't know if I explained that right...
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    • Profile picture of the author art72
      Originally Posted by max5ty View Post

      "However, if I calculated my TIME right now, the earnings would be ZERO"

      I understand what you're saying here...but, I sometimes remind myself that if I were sitting around watching T.V., or posting on forums , I would be making zero.

      Sometimes when we start doing something we try and calculate how much an hour we're making, when in reality that's not conducive to statistics because we're not estimating how much our normal "doing nothing" is costing us. Don't know if I explained that right...
      Actually, I think you explained it perfectly, as those non-productive hours seldom increase the odds of producing positive results in the future. I mean unless you are fortunate enough to invest your time in say "flying drones" or doing something for fun - and eventually find the means to 'get paid' doing what others would consider 'playing' or perhaps as a 'non-productive' use of one's time.

      The closest I ever got to experiencing that in reality goes way back to when I hustled pool tables, I wasn't getting paid to play pool as a kid, but as a teenager; I made some good money 'playing' on pool tables!

      I'm definitely seeing this venture from 'the top down' perspective - but it's still an uphill battle trying to get the formula and the flow just right 'to know' we're aligning ourselves now, with the overall future goals.
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  • Profile picture of the author Kay King
    Here's what stands out to me:

    *up 46.3% from the prior month

    People like Chris at Daily Refinement are stating as 'sellers' we need to understand what our TIME is worth - and he often states; $50 per hour 'X' number of hours per week... viola' you earned "X" amount.
    That sounds good - but in my opinion that is worth 'squat' when you are starting out in a new business.

    A lot of online advice comes across as 'platitudinous' to me. Where is a 'voila' in multiplying hours times hourly rate? Better move might be to take the number of $$ earned last month and divide it by the hours actually worked....and try to improve that number next month. Two goals with that - to improve the $$ from sales and to work more efficiently to reduce hours.

    Your feedback is great.
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    • Profile picture of the author art72
      Originally Posted by Kay King View Post

      Here's what stands out to me:





      That sounds good - but in my opinion that is worth 'squat' when you are starting out in a new business.

      A lot of online advice comes across as 'platitudinous' to me. Where is a 'voila' in multiplying hours times hourly rate? Better move might be to take the number of $$ earned last month and divide it by the hours actually worked....and try to improve that number next month. Two goals with that - to improve the $$ from sales and to work more efficiently to reduce hours.

      Your feedback is great.
      Well considering I kind of 'slacked off' a bit this week (Not listing as many items as I should have) our statistics and weekly payouts seemed to have went up... which can only conclude; "the work that was done prior, is now starting to show the true potential as the traffic and interest is starting to compound, as the inventory grows

      BTW, Thank-You for the nudge to start this thread (as others encouraged as well) - in reality, just announcing the goals publicly created more accountability, a chance to face the humility, and the initial failures 'head on' - that alone may have just made all the difference, as I nearly 'gave up' on this journey - just a couple weeks ago before I even started this thread... I almost threw in the towel on this trek.

      Hell with Breaking Bad, breaking old routines is a beast. Not getting that instant gratification - like within a week, two weeks, or even a month, let alone nearly 10 weeks... wow, what a shift in MINDSET! (*I'm actually glad I didn't give up or quit!)

      Oh, and Terri has been a huge support in this adventure, so everyone knows, I'm not doing this solo, she help a lot in areas I am weak.

      The initial sacrifice or surrender (*call what you will) - to what at first appeared to be way more time, thought, money and energy going in - then, what we were seeing in returns coming back... that almost altered my focus to continue this journey - but, that is a deception, as I knew (like savidge4 stated; "don't quit") as the numbers are "already there" - we just need to do more of the same to increase the volume, frequency, and flow.

      If we did 10X what we did the past 31 days (*$1,002.81), we'd be at $10,021.80 - as our 31 day percentage just spiked up to 56.1% increase over the prior 31 days... that alone suggests - if we simply move the decimal point (1) to the right... viola'. In truth, who really cares about hourly wage when the recipe can be used infinitely, provided the business is framed out properly.

      That too brings a good point to something GordonJ often states; he doesn't want employees or to have to babysit people (*for lack of a better term) and I personally sucked at hiring help in the past, as it frustrated the hell out me trying to teach other people and taking longer to complete projects, which in-turn equaled "losing time and money" - I am stubborn like that, and need to outsource when the time is right... leverage the time and ability of others and pay them to learn the system. "The E Myth Revisted" by Michael Gerber is definitely a good example of the 3 tiers of business!

      I think that's what makes this model a good fit for an introvert or an extrovert alike - as you really don't have to deal directly with people like a traditional work environment. And, in-turn, I'm pretty sure 1 or 2 people could manage high 6-figures in sales (*maybe 7-figures) - "IF" the business operations are set up, automated, and handled properly. There's leverage on these platforms... my problem was thinking too much of 'past experiences' and allowing the pessimist to keep the focus on all the negative BS and flaws we find along these routes few travel.

      Sometimes, I think there's a level of empathy in all wise teachings that suggests we need to recognize the collective sufferings of all living things and then somehow condition ourselves to love (*or at least like) serving others... lest it be we surrender to our own ignorance and quit before learning the bigger lesson intended for us to explore.

      I keep thinking back to when we were kids and the old expression; "Go play in traffic kid" - now stepping out in front of 'existing traffic' has taken on a whole new meaning! - as savidge4 defined; "USE THE PLATFORMS" as they have 'existing audiences'... "Hey, there's an entire audience seeking more of "X" over here and plenty of room for more suppliers who "do it right" and desire to prevail.

      I sometimes wonder; "if success can be mirrored, duplicated, and/or copied; why do so many (*myself included) struggle to just follow the instructions of those who've already endured the trials we are entering? and those who have already walked and mapped out these paths?

      It's like Hilly Kristal said; 'there's something there, there's definitely something there!" - even though 'he thought' he was running a Country, Blue Grass, and Blues bar (CBGB's) - as it turned out, he became the godfather of punk rock! - Who'da thunkit???

      It's fascinating, I wanted to focus on vintage, antiques, collectibles, and bone china, and here I am learning about inseams, collar styles, and 'item specifics' that define the products people know by brand names - so, I only have to "do it once" and serves until the item is SOLD... and 'clothing takes a certain discipline' - we're still learning the basics in this niche, and it not the easiest route (or niche) I could have chosen! BUT... I think it's guaranteed to SELL... so, that - this Ripe N Juicy just happened to be mostly clothing!

      I know one thing for sure... Bangladesh makes some nice @$$ clothing!!! (*As do many other countries) - But their workmanship stands apart from what I have seen to date. So, I'm still the artist at heart - first and foremost!

      The real struggle... right now... not being able to predict WHEN we will be able to produce multiple streams of income "IF" this first platform/niche produces (in time) the $50K - $100K needed to fuel a bigger vision, it's seems out-of-reach, though I can see it in the near future.

      Overall, I'm happy this system works, I'm just impatient as hell wanting to 'quantum leap' to the future - so we can really feel what we predict is not just a pipe dream, fantasy, day dream or some impossible mission! - it's making it real, that counts!

      One of my favorite clients, a contractor named; Tony King (*Olympic Pools) whom I sub-contracted for nearly 10 years - once told me; "Art, it doesn't matter how much you make a year - it's what you have to show for it at the end of the year that matters!"

      It's almost as if we can tap into our ancestors, grandcestry, and the collective assembly of all-in-whom mentored us prior and plays like Napoleon Hill's "Master Key" which to me is a PROCESS... like savidge4, GordonJ, Kay, Claude, Maxty, and several others who KNOW and contribute to the WF have stated... it can be repeated infinitely, and STILL it can be hard to consume, digest, absorb, and of course excrete whatever parts we disagree with to make it malleable enough to say we/I did this... to make it our own journey.

      When in reality these formulas are 1000's of years old... it's brilliant!

      Theoretically, I copied most of what the other thread teaches, only I chose the niche that one might consider to be a time suck as my 1st rodeo on eBay!

      I don't know... it's like Terri and I both know what we want, and whether it's life getting in the way or self-sabotage, there's always that need for a nudge to KEEP GOING... that's the only thing between now and the result we seek!

      So, I agree with GordonJ; "PLAN FIRST"... then savidge4; "ACTION!"


      The tricky part is "taking Action - while the plan changes" - so, it's plan first, take action, plan for change, continue to apply action... it's a wild ride!

      Honestly, I have been slacking, holding back to a degree, no doubt. If I pulled together a few jobs, keep this machine well-oiled and fed, and escape the unforeseen obstacles that I know will arise, and sustain the plan and continue to 10X this to $10K+ per month, I've already under SOLD what is possible in a 12 - 18 months, so I got to admit:

      I think a $50K KNOT seems like a lot to comprehend from this position - Just today, I had my veins impaled today by a 20-something year old phlebotomist that missed the mark, and pumped about a quarter pint of my blood straight into my bicep - as I pondered the question; "UH HELLO... PROBLE MO!"- and in reality, I wanted to pull the needle out myself - and in a fraction of a second, my mind said; where is it going to go if not back in my body!" - so I decided against removing their needle, LOL.

      OMG, I can't believe there's no bruise... Just a small mouse like lump in my arm, so I am medicated ATM, thus, my sincere apologies if I went off topic a bit! - that wasn't as much fun as the panic that insued when they stuck me in my left arm and couldn't find my vein, all for $70... I didn't even produce 25% of the donation, but they paid me! Meanwhile, I don't know "IF" I wanna ever do that again! (*I am the one who is petrified of needles, so it just figures when overcoming fear, trouble happens!)

      Naturally, since the plasma center has been good to us in our time of need, and silently funded this crazy idea to start a eCommerce eBay business with Terri and I's DNA (*plasma) donations - I was literally putting my plasma (DNA?) into others as a continuum of serving others who need, want, and/or have to have... and at times, like Buddha it feels like a punishment, a lesson in empathy of sorts, LOL.

      Any way... back to the stats... we boosted our "Shipping - Tracking Uploaded On Time and Validated Score: 95.77% (*from a 93.88% last month) - so, we are "RIPE" for Top Rated Seller status, hoping in the next *7-10 days, we'll break 100 sales, that was GOAL #1... nearly there with 80 sales ATM.

      As we used to say when Jon-boating and cast netting in the swamp - (*during and after) a chilling torrential downpour (with no rain gear) - racing full throttle to the nearest bridge (to start a fire) or the boat ramp (heater in the truck) in order to get warm again...

      "JUST ONE MORE MILE" - when we were 47 miles away from the boat ramp... all because we seldom brought any rain gear, (*poor planning 101, lol)

      This reminds me of that attitude - when we could laugh over some of the lessons learned , rather than spoil all the fun of the adventure of getting paid to fish and feed people!

      But... I think this platform/system/process eBay (*eCommerce platforms) is far more reliable and can be predicted to some degree, whereas fishing was both seasonal and unpredictable, fun as it was... consistency was difficult to achieve in that adventure.

      It's like Grant Cardone... 10X, then 10X, and then 10X again - before you know it, your jet is a write off, but I don't think that big, at least not yet. I just need to breathe easy, owe as minimal debts as humanely possible to anyone, less the courtesy to say THANK-YOU! for what others have taught me... and, I'm still learning to apply the knowledge of others at 50-years-old - go figure!

      To be continued...
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  • Profile picture of the author Kay King
    I think this 'path' threads is going to be really good for you...if you look back on it in a few weeks I think you'll notice something I see already - many of the basics Savidge4 told you - that you weren't quite sure of - are beginning to solidify for you.


    I really commend you for sticking with it (and also for giving your wife credit - let's face it, she puts up with you!) and I truly believe by 2023 you will be so glad you stuck this out - you're definitely moving ahead.
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  • Profile picture of the author savidge4
    Lets set some expectations here... A doctor spends how many years in school - to be a doctor... does that time count when he finally is a doctor in consideration of earnings? ( other than the student loan payment? )

    When you were a child and playing pool... did those hours count when you started earning?

    If I am sitting taking the Real Estate License class ( 40 hours ) do I consider the time spent when I break down my first couple of commissions?

    We all know that answer is no, we dont.

    In THIS instance you have the pleasure of learning and getting paid - think more in line with say joining the union... you start as a helper... after 3 million hours you work up to journeyman, and then another billion hours later you become a Master.

    So there is this not so obvious ( until pointed out ) parallel between the Union Analogy and what Chris ( Daily Refinement ) "teaches" In a Union you are learning 1 skill.. you are niched into one specific trade... Chris suggest there are 14 specific niches to target.

    List clothes for 10,000 hours and at some point you will get proficient at it.

    I have said this before will say it again... I find clothes to be non efficient. You can get 1000 shirts... BUT can you get 1000 of the same shirt in the same size and the same color? forget 1000 how about 5?

    And its right there that I believe what Chris suggests, and the path you are on is flawed - and flawed huge.

    There is just about no difference between what I shared in my thread with buying items from multiple niches... and just buying clothes.. a string of one off listings.

    The "just about part" and I know Art will get this, is the learning curve with each niche you jump into... Mugs for an example... there are good brands ( Starbucks ) and there are not so good brands ( simple living ). Then you get into the subject matter of the cups.. from Football to Nascar to Disney to to and to

    BUT listing a coffee mug... 1/2 the time it takes to lista shirt? 1/4? its quick. There are very few item specifics - its 6 photos and done. The description is very minimal.

    So backed to the flawed part... what Erin does... is a far cry from what Chris does. We buy 10's of something...100's and in some cases 1000's. An example I have shared here is right after Christmas running around and buying all the Walmart Christmas ugly sweaters on closeout for a dollar... like 400 sweaters I think 5 different patterns.

    all 400 items could be listed in 5 listings. We break listings out by size.. because the title matches what the person is searching. "Size Small woman's Christmas Ugly Sweater" BUT even with that.. the size is the only thing changing in the listing - "Sell one like this" click click click and done.

    Of course this isnt something that someone starting out is going to do... you have to #1 have the bank ( capital ) to do this, and #2 you need to start developing relationships with people that can make these types of transactions possible. This in my mind is efficiency to a whole other level.

    Do we buy and sell one off things... Yes we do... but when Walmart has a whole stack of air filters in closeout.. when we see it will generally buy the whole shelf.. 5 and 10 and 20 of things.

    And once you are looking for this kind of thing... its everywhere... Grocery stores do it, The big box stores do it.. Hardware store do it, Department stores do it... my local gas stations from time to time will have carts full of stuff... it is literally everywhere.

    And how many times do you have to do this before someone notices and says "Hey the next time I have this stuff can I get your number and I will just call you?"

    We spent $15,000 at a walgreens not to long ago... and it all came from a call "Hey we got a load of things, do you want it?" rang it up, loaded it in the truck - after hours no less. 8000 items ish and I dont think it was 1000 listings... more like 800. Again in my mind this is efficiency.

    Bulk buying clothes - that take forever to list even getting a pile of 1000 items is still 1000 listings and I think that sucks.

    Niching in the eBay game is about knowledge... but when your knowledge is in "how to sell things on eBay" then you can sell anything - and the learning curve to sell an item isnt time wasted... but becomes time BANKED - for future efficiency

    And yet another way to look at this... when you get to say $2500 a month or $5000 a month will it matter if you are working 80 hours a week?.

    YOUR time only matter is if instead of doing the eBay thing that is time consuming you could and would be using that time elsewhere earning $$$. So if the eBay is NOT taking away from earning elsewhere YOUR TIME is FREE - means nothing... your in educating... your putting in those 10,000 hours

    and you are headed in the RIGHT direction.. so put a dang smile on your face and think back where you were 6 months ago... and look at where you are at today - I know for YOU...that right there is a HUGE contrast.
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  • Profile picture of the author Jayfosters
    If you live in Florida near Disney then you should be looking for golf clubs at your thrifts. Florida is one of the best places to find good golf clubs.
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  • Profile picture of the author art72
    A quick heads up...

    We've temporarily "paused" our store for the next 7-10 days as we've relocated to a much better living environment. The journey will continue as we have another 44 items purchased and ready to list.

    Just before moving... our sales conversions were coming up, the traffic was increasing, and we still have 100% positive feedback.

    We have 188 items listed, 87 sales, and the new environment will make the journey much easier as we will not require a storage unit to do staging, photos, and storage. At least not until our inventory exceeds the area we have to store items.

    I'll update with more details in a day or two.

    I will be back remodeling homes and bathrooms by Monday, so we can maintain the original plan to roll our eBay earnings into more inventory and hopefully meet (or exceed) our initial working capital goal by August 2023.

    The past 2 weeks were a bit hectic, but everything is lining up, perhaps that "shift in mindset" is manifesting a series of positive changes... many that were long overdue!
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  • Profile picture of the author JohnPall
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    • Profile picture of the author art72
      Originally Posted by JohnPall View Post

      It turns out that the strategy is to grow your rating on Ebay, to attract the customer base and therefore increase profits?
      That is definitely part of the strategy, no doubt, as sellers; we are utilizing eBay's existing traffic.

      Once a seller achieves 'top rated seller' or 'top rated seller plus' - the costs (eBay fees) decrease and they put your items 'in front' of more traffic... And, in-turn eBay rewards their seller's who receive good feedback, ship on-time, and stay consistent in growing their store.

      The bigger picture is to produce a minimum 3:1 ROI. For every dollar we put in - we are aiming for at least a $3 return... Whereas, our current average profit has been 450% on the 87 items we've sold.

      Your ratings on eBay are a major factor, as is;

      - market research/pricing
      - customer service
      - shipping & handling time
      - positive feedback

      I think understanding the quality of the photos, titles, item specifications, descriptions, pricing, and quality of the items offered is a huge factor as well, as that will boost your ratings, increase exposure to your items, and in-turn increase your sales conversion rates.

      We were only seeing a 1.8% sales conversion rate, prior to pausing our store while relocating. So, we still have much to learn.
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  • Profile picture of the author art72
    Alright, the store is back up & running... (*finally)

    Still modifying our set-up a bit and preparing to start tackling a few renovation jobs - so not not to take away from growing our inventory and rolling our weekly profits into 'working capital'.

    We lost a few weeks getting everything sorted out during our move, but we have another 100+ items to stage, photograph, and list, starting today - which I am aiming to list a minimum of (5) items per day... (10) if time and our eBay payouts permit.

    We currently have 188 active listings, and we are going to be approaching things a little bit differently as we will need to source items locally, and occasionally revisit our favorite thrift store (*which is now 2 hours away!)

    Understanding that clothing is not the most efficient items to list, I must enjoy the hardship, as I am still going to be uploading more clothing and apparel... primarily due to the ease of storing, shipping, and inventorying those items.

    Albeit, we will also be searching and sourcing other niche items to 'test' as we are neither niche specific, nor bias as to what we are offering (selling) - so long as it sells, and has a certain measure of quality (or value) remaining in those items.

    We certainly are not trying to sell junk or anything less than good -to- excellent condition items.

    Also, the only regret to date was not maintaining at least 150 - 300 new listings per month...

    We'll see how eBay treats us after 'pausing our store' for a couple weeks - I'm not sure how that will effect us over the next 7-14 days, as I figure we'll need to regain the algorithm and build back our traffic by staying consistent with new listings and uploads.

    Our payouts are set for Tuesdays, so in reality; we have today, Saturday, and Sunday to get our sales flow going again... and Monday's are generally held until the following weekly payout.

    Not expecting much this week, but I do intend to list at least *35 -50 items by next Thursday!

    Lastly, I was getting addicted to the daily routine - and the last 2 weeks sucked, as we didn't really didn't want to 'pause' our store while relocating - now were are ready to kick some serious @$$...

    No more playing around... this is fixing to get real, cause now I see the true potential this platform offers, and it is an amazing view!!!
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    • Profile picture of the author DWolfe
      Originally Posted by art72 View Post

      Alright, the store is back up & running... (*finally)

      Still modifying our set-up a bit and preparing to start tackling a few renovation jobs - so not not to take away from growing our inventory and rolling our weekly profits into 'working capital'.



      Not expecting much this week, but I do intend to list at least *35 -50 items by next Thursday!

      Lastly, I was getting addicted to the daily routine - and the last 2 weeks sucked, as we didn't really didn't want to 'pause' our store while relocating - now were are ready to kick some serious @$$...
      The few renovation jobs should ease some pressure on you going forward. Great attitude at the end. Good Luck this week and knock them dead.
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      • Profile picture of the author art72
        Originally Posted by DWolfe View Post

        The few renovation jobs should ease some pressure on you going forward. Great attitude at the end. Good Luck this week and knock them dead.
        Thank-You!!!

        Yeah, we're gaining some momentum finally!

        We've got the store back up & running - (2) sales last night helped re-boost the confidence, as I wasn't exactly sure what to expect after 'pausing' the store... apparently, eBay didn't punish us too bad, lol.

        Still awaiting which contractor will move first(?), I have (2) who know my work in the area, so I'll probably be able to sustain the store a lil' bit better and not stress out about forgoing the *6 - 12 months without a paycheck from eBay - and be better able; to 'roll that inventory and earnings' into a nice nest egg by mid-2023.

        The irony being, I can see how difficult a time people have understanding the basic principles, interest, and math of this process... I can see it, I just wish I had more patience - it is a challenge to keep going without the normal rewards (like a paycheck), no doubt.

        BUT... we got this... and, as usual, I gotta do it the hard way, so I'm still fascinated by the 450% - 600% gains we make on clothing - although, I know we'll be branching into other niche markets as soon as the payouts increase!

        Thank-you again for the support - I am already wanting to write a report on; "How it (eBay) works" - but I'm going to hold off a bit, until we work out the few kinks that are keeping our sales a wee-bit low, which I believe; will increase as inventory and trust is built with our customer base and eBay's traffic!

        Brings a whole-nother level to "go play in traffic kid" - lol.
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  • Profile picture of the author art72
    The numbers from this week...
    • Current Number of Active Listings: 208
    • Total Number of Items Sold: 89
    • Total Sales Revenue (Past 7 Days): $318.94
    • Total Sales Revenue (Past 31 Days) $447.79 (*Down 52% as we paused sales)
    • Total Sales Revenue (Past 90 Days) $2,038.40
    • Click-Through-Rate: .3%
    • Sales Conversion Rate: 1.7%
    • Current Fixed Price Inventory: $5,525.58 (208 active listings)
    • Current # of Watched Items (Watchers): 45
    • Subscribed Viewers: 9
    • 35 Positive Reviews (100% Feedback rating)

    Our Tracking and Uploaded on Time stats are still low: 94.59% - but, that number should be over 95% as our last 11 sales were all uploaded, tracked, and shipped within 24 hours.

    It can be difficult to determine the weekly numbers, as they change on a daily basis. eBay tracks the statistics based on a 30-day revolving time period - which changes everyday.

    As is to be expected, the numbers (*stats) are going to drop for a minute - since we had the store 'paused' from our last sale(s) on August 27th -thru- Sept 15th - (a total of 19 days - with no activity, and *NO SALES!) - So, that VOID is crippling the current stats.

    PS - I still barely hit the goal of having *35 - 50 new items listed, we had 188 listings, sold 11 items since last Friday, and we're at 208 items listed now - That's only 31 new listings , and I'll be listing (5) more tonight... in essence, that'll put me at (36) new items listed in (6) days... getting better, lol.
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  • Profile picture of the author art72
    As projected, we went ahead an 'upgraded' to eBay's "basic store" monthly subscription for $27.95 - and it should pay for itself, as we were approaching the FREE 250 ITEM listing limit, and in-turn the seller fees will deduce a little bit... Probably should've done it sooner TBH.

    Also, we have our shipping time and handling back up to 95% - which is the minimum requirement to qualify for Top Rated Seller and Top Rated Seller Plus levels.

    Still creeping up on those 1st - 100 sales, which I'll admit; is taking a little longer than expected.

    Picked up some new items Friday, most of the staging and photos are done, but we still need too get everything listed and uploaded.

    Whilst, I didn't spent too much time on the Store design (*branding) - went ahead and created a quick banner 1280 x 290 for the main store, and a similar 300 x 300 logo for the profile pic.

    The next step is learning how to create storewide sales discounts, coupons, newsletters, and design a few more banners for advertising. Overall, I am happy with our progress, although we just had (2) days with 0 sales... which kind of takes the wind out the sails a bit, but I'm still focused on the long-term goals, regardless of the resistance we're experiencing getting everything to flow.
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  • Profile picture of the author art72
    Another lesson learned...

    Prior to upgrading to a "basic store" subscription, we offered 30-Day returns, but... the 'buyer' had to pay return shipping.

    It didn't make sense to me at first to allow FREE RETURNS and pay the return shipping as all of our items included Free Shipping already. The idea of paying to ship the item, and then eat the return shipping costs - seemed a bit absurd to me... at first!

    Now, looking at the benefits and examining the idea of giving the BUYER the "piece of mind" to know; "we are willing to eat the return shipping" opens up another HUGE level of respect with eBay as sellers on their platform...

    When you set your "Free Returns" to 30-Days or "60-Day FREE Returns" - eBay automatically grants the BUYER with a no-haggle - no hassle policy to wit;

    What could a buyer possibly ever do, say, or think from a negative perspective(?) - Especially, "IF" YOU offer them FREE Shipping & FREE Returns???

    The answer: Nada, Zero,Zilch!!!

    There has been no "negative feedback" on our first 98 sales - even the items that were returned and return shipping was paid by the buyer - we had NO NEGATIVE feedback.

    BUT... the idea behind switching all our inventory to "FREE RETURNS" leverages eBay's "Seller Protections" against potential buyer complaints or their ability to leave any negative feedback.

    The overall consensus from most seasoned sellers seems to be unanimous - the number of returns are minimal, provided YOU describe, define, and be 100% transparent when staging, photographing, and listing your items.

    For example: We (*I) actually bought a pair of Pre-owned Men's Wrangler Jeans, and didn't thoroughly inspect the condition of the item... they had a clear and distinct 'outline of a cell phone' in the left front pocket... I disclosed the item as being in 'good condition' - photographed the wear, and defined the item as it were; good condition and discounted the pricing to $16.97...

    To my amazement, they SOLD in just under 24 hours... still blows my mind!!! (*even with the distinct outline of a cell phone baked into the front pocket!).

    So.. I respect the game and the players... from a seller's perspective, just knowing I'll likely NEVER have any sustainable negative feedback is HUGE BENEFIT and will help us a ton in the future!

    Also, as we were located in the path of Hurricane Ian here in Okeechobee, we learned that eBay protects seller's during natural disasters... And, protects us from receiving any negative feedback, delays in delivery, and will basically eliminate ANY negative attempts made to deduce the seller's ratings in the event(s) of a natural disaster... so, I do believe; eBay does 'look after' BOTH the consumer and the seller's who pride themselves on customer satisfaction... as we do, and hope to continue doing in the future.

    We're still slow to upload this week, as there's been a bunch of 'unforeseen' events, the (2) contractor jobs I was to start on, both have had delays due to unforeseeable events, leaving me looking to 'apply' at the USPS here in town... seems befitting enough, I need to learn more about shipping and freight any way, as the future may provide the means to start "parting out cars, trucks, boat motors, rv's, motorcycles, etc" - as I am looking in other niche markets that can allow someone to acquire items very inexpensively and turn those items into 'working capital'.

    Be it is STILL a slow crawl getting this THING mastered, and the holidays are approaching fast... by next year, I hope to have a warehouse FULL of pre-seasonal inventory in a variety of categories.

    We missed our delivery today, as the post office and nearly everything in town was "Closed" and without power...

    We've rode out a few hurricanes in our 36 years in Florida, but, the nasty part is losing power, the higher chance of tornados, and the the fact; IAN cranked it up to 157+ MPH winds (CAT 4 - almost a CAT 5)... at least we didn't have any major damages, just some tree limbs. Unlike Ft. Meyers, and the West Coast as people were swimming in their homes - one guy had a video of a snook swimming inside his house! (***INSANE!***)

    As far as eBay... We've been going for nearly 100 Days, we currently have 220 Active Listings... SOLD 98 so far, and we had nearly 3 weeks of "down time" due to relocating, which helped my mindset 1000-fold!

    In essence, depending on who you follow concerning eBay - having moved 98 items of 318 Total items we've listed... I think we're actually doing far better than many sellers.

    Chris at Daily Refinement just did a video of Thread Up... a $300Million-Dollar eBay Store and stated; "For every 11,000 items they list - they sell 1 item... I felt better INSTANTLY, LOL!

    But, he too did a comparison of a guy who started about the same time we did, who sells 3-6 items per day, and has 658 active listings...

    I'm still debating whether to test some other backgrounds and maybe mix-it-up a bit, as I have to admit - depending upon what you are selling, there does seem some validity to the idea of using a 2-toned backdrop, maybe a wooden table or flooring with a gray background... as I am spending "way too much time" erasing backgrounds, editing photos, and writing bullet list descriptions on many of the items we list... and I gotta wonder; WHY the hell are the numbers still soooo low - especially this week?

    Our sales have nearly stopped this week... a small trickle have come through... and, I am guessing since eBay weighs today's numbers with the numbers 30 days prior (*when we paused our store) - we are now in a sort of dead zone... our traffic has decreased by nearly 75% since last month, BUT our sales conversion is higher as were our 'views' - which is good; less visitors, more buyers, I cannot complain about... but, the traffic has definitely SLOWED DOWN and I am curious to see if that continues over the next 2-3 weeks as it mirrors our DOWN TIME last month!?

    Hoping everything is back to normal tomorrow as stores, the post office, the banks, and most local markets were closed today - they should all be opened back up by tomorrow... (***We lost power from 9:30PM Wednesday night until about 5PM Thursday... wasn't too bad - But, it was a FUN night, as the winds were ripping, whipping, and the trees howling, snapping, and cracking all night!

    Luckily, nobody we know suffered any injuries or major damages. Ft. Meyer's (*and the West Coast) appears to have taking the brunt of the beating from Ian here in Florida... hoping Ian is the last threat of the season this year! It was a pretty intense night!

    To be continued...
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  • Profile picture of the author art72
    Alright... Two milestones finally achieved, we hit our 100+ sales mark (*finally) - and although it is not showing on our store just yet, the current seller rating sates; "If we evaluated you today... Top Rated Seller!" - Whoop-whoop!

    That should kick the algorithm up a notch, or at least I hope!

    Just scored a 'pool tile repair job' to start on Monday... small job, but that will relieve some pressure and might open up some other work!

    We have (2) flea markets here in our area, one was open today, the other is closed due to roof damages from Hurricane Ian... so, we're planning to start sourcing items locally next weekend. Last weeks payout was a meager $128, and we haven't had a chance to really source any new items this week... but my daughter gave us a bunch of stuff to list, so we can carry that over until next week's hunt!

    Again, we are trying to remain a "general merchandise store" and test a variety of items, and although most of listing are still clothing, we've been noticing thing on clearance EVERYWHERE we go... and I can see how we'll be able to source from retail clearance and other retail outlets once we can afford to drop bigger chunks.

    Also, I really "do not" use the terra peak research tools within the eBay dashboard, but I have taken notice of the fact they show some of the primary categories that offer good to great opportunities whereas, there are certain items (*like men's jeans" that have far more searches than the number of items listed... so, I am paying more attention to those areas or markets now as well!

    It's funny, I can already feel those in my close proximity acting "as if" I am crazy for doing this... all they see or observe is the time I've invested, and the minimal monies that are coming out the back end... But, what they don't see is the growth of inventory value, as that is steadily increasing, and we are gaining more CTR and a higher sales conversion (*which was at 2.4% tonight, with two pending sales that are awaiting payment... So, I don't think those 'sales" are factored in yet!

    All-in-all, things are moving forward, and I am not quitting until I get this machine dialed-in and running at optimal operating performance... and, here I thought this would've been a cake walk, there's a lot of moving parts - all-of-which I could certainly be doing a better job at.

    Nonetheless, I am starting to type faster as the routine and listings are creating familiarity - even if we are not crushing it, just yet!

    I'll post this weeks numbers tomorrow, nothing too fascinating... just amped to have finally cleared the "Top Rated" milestone, that feels good! (*Even if eBay doesn't post it until our next evaluation on October 20th!)
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  • Profile picture of the author danwalker
    This is awesome! I have a buddy who buys shipping containers full of returns from liquidations.com. He spends like $20k on the container, sorts it with his team, then resells everything on ebay.

    He's gotten to the point where he has a nice-sized warehouse. Ebay can become super robust if you stick with it.
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    • Profile picture of the author art72
      Originally Posted by danwalker View Post

      This is awesome! I have a buddy who buys shipping containers full of returns from liquidations.com. He spends like $20k on the container, sorts it with his team, then resells everything on ebay.

      He's gotten to the point where he has a nice-sized warehouse. Ebay can become super robust if you stick with it.
      That is definitely a good way to build inventory, momentum, and working capital.

      We are just getting started, as we are finding local markets to source from for now until we can make bigger bulk purchases from clearance, liquidators, or possibly even storage auctions.
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  • Profile picture of the author art72
    My apologies for missing some weekly reporting... had an eventful week.

    We've been juggling potential local clients for the past 7-10 days, we're gaining bearing on sourcing from cheaper suppliers, and still scoring some nice items from the "ole' honey hole' - as our last trip may have been our best score yet!

    We landed some new Jordan Retro 11 'Bred' playoff hi-top that are going for $300 - $599 these days... And, I probably have another 150 - 200 items stockpiled to stage, photograph and get listed.

    My knickers got a bit twisted for the past *5-7 days, as I smoked the 1TB hard-drive in my Alienware laptop... rendering the entire machine about "useless" for an entire week. (*I thought it was a virus or bad Windows update - understanding the software, bios, and trouble shooting is not my strongest skill set, lol.

    The funny thing being, I've not listed an item on eBay with my phone, as I feel it limits certain fields - so I am stuck in a routine of only doing our listings via; laptop!!!

    Anyway, we are seeing the traffic come back slowly as we are still STUCK in the "dead zone" from last month's shut-down. I've figured out some of the store features, and regret not paying the $30 per month sooner... Just due to the extra features, marketing tools, and the 1000 listings it includes!

    I am 'still waiting' for eBay's next evaluation; as we are "Top Rated" - but they are holding off until October 20th to "unlock" those benefits... Which leads to my current dilemma;

    The Air Jordan's I scored should sell for about $400 as far as we can tell... BUT, we have a storewide discount running with $10 OFF EVERY $50 a customer spends! - We've had one decent item sell as a result!

    We have a 2.8% - 2.9% sales conversion rated ATM, and our sales are up nearly 50% since September was a 'bad month' sales wise!

    Last weeks payout, $118 still not tickling my spine much, as I just had our daughter drop $100 on her Amazon credit card for bins, bubble mailers, and supplies...

    I'm atruggling to make a decision between a contractor who wants me hourly RIGHT NOW... And (2) other sources that will "piece mail" me gigs by the job (*which I prefer!!!)

    I can honestly admit; it's taking me way too long to source, prep, stage, photograph, itemize, list, inventory, and store items ATM.... Iwas up until 4:30a.m. just staging and photographing stuff.

    Our bedroom looks like a storage unit, LOL... The inventory is growing - I'm looking at iPhones and a better camera - as my LG 16MP camera kinda sucks for grapping attention gettin' deets... I want our listings to look a fat juicy 'Whopper' on a window cling - and they look more like what you actually get when you order fast food at the drive-thru!

    I'm awaiting a call from a local realtor who has a bunch of rental properties in the area, and she seems to know of me - I have no clue who she is or the status of her land-lord-ship (*hoping she's not a slum lord, like some of them around these parts!)

    Meanwhile, gained back 15 lbs (*of the 30 lbs I dropped during agoraphobic 12-18 month sabbatical, lol).

    I love this venture... Part of me want to build my credit back up and leverage that privilege, and yet... Doing that wouldn't accomplish what this journey was initiated to do - build 'working capital' without taking ANY LOANS or carrying ANY DEBT!

    I need to start using the "tools available" and STOP being too meticulous, I mean were competing against folks that throw 2-3 pics up, no description, and barely "tick" any item specs... And they are killing it while we are still learning the core basics - which is equally awesome and frustrating as hell!

    Our traffic (*impressions) was down nearly 75% when we turned the eBay machine off for those 3 weeks. Now we're back on... And, it's only down roughly 13% now - as our sales conversion are approaching the 3% milestone I've been aiming to hit.

    I get the whole concept and ideology that thete's a learning curve and we're really only 100 days in... But, I set goals, plan, and to some degree desire to CONTROL THE OUTCOME, even with this eBay venture... And, damned if I can ignore the fact; when we 1st started our payouts were higher - not knowing diddly-squat about their Cassini algoritm, staging, listing, etc...

    But, I have a BIGGER VISION - and, although it may not be the fastest method to employ, once I can get that inventory value to $10k - $20k - it opens up other options, and the ability to move larger chunks of merchandise - that's still the focus.

    The DAILY DISCIPLINES are shifting to wit; I need this to move faster... It's taking way too long erasing backgrounds, editing photos, using a POS 3rd party Microsoft app to upload photos one at a time... The listing tool keeps changing, which for the love of God - I kinda wish eBay would just leave certain elements the way they were, it's taking longer to list now they keep playing with the shipping deets and options menus...

    Like savidge4 repeatedly states; "control the controllable" and I fully get the mindset he see's from to rise above and overcome all the dumb sh!t that interferes, as it doesn't help to bitch, be negative, or complain about the little stuff... If the big picture really motivates someone!

    I'm fixing to drop a few item at USPS... meet this realtor and discuss a few jobs she wants done, and I have nearly 200 items to stage, list, and upload...

    Terri is still "tiptoeing" in the whole idea there's money in this venture - so, for now; she shops (*as do I) for merch and she's good at that part... The rest, WE... WE... WE... I'm pulling double duty...AGAIN!

    Even my daughter is like; why bother with eBay if you're not making money...

    I cannot wait until 2-3 years goes by (*which will likely fly-by) and re-visit the attitude others take in their approach to ignore bigger opportunities.

    I'm not doing this to prove anyone wrong... Although, it sure would feel good to look back 2 years from now and scream back; "yeah, now what do you think?"

    It's not getting boring yet... It's just not moving fast enough to keep the excitement "on-high" - at least not yet!
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  • Profile picture of the author art72
    Hit a wicked-googly today, and, felt it appropriate to clarify my "mistake in thinking" in a prior post...

    When I upgraded to a Basic Store, it states: Basic Store Subscription - 1,000 Fixed Price Listings to wit, I assumed that meant as a store subscriber I was eligible to list up to 1000 items on eBay...

    Turns out, I hit my 250 listing selling limit today, and although it was only a phone call to get a limit increase (they boosted me to 350 listing for now) - it did kind of slow my progress today a bit.

    I've been sourcing locally and although I don't want to stockpile too much stuff, it is getting easier to find resalable stuff here locally at yard sales, flea market, etc. - as a result, we have acquired another 150+ or so items, much of which is clothing and apparel (*mostly name brand stuff) - and we're seeking to start 'picking' other items from here on out as well.

    Our sales are up 112% this month with 115 total sales since we started this adventure and to date we've sold $2,755.65 in merchandise... and currently have 233 listed items with a total "asking list price value" of $6,715.61 (*so, our aver item cost is roughly $28 and some change!)

    More importantly, I wanted to note that looking back on what we started with (*pennies, really) we've sold $2,755.65 + listed $6,715.61 in roughly 100 days... (*Total of the two being = $9,471.26 - just shy of $10,000... from zero!)

    Granted, that's not exactly paying the bills, mind you... BUT, the mindset to imagine, project, and/or forecast what could be possible with the right packaging, positioning, and pricing does make one wonder; how long before I can get the sales and merchandise "rolled into" say; $100,000 now that it is paying for itself, and we are not buying anything out-of-pocket... just building from the sales revenue.

    There's a definite sense of awareness taking place too, as everywhere I go - I'm seeing STUFF selling cheap enough to flip items, double-down, and even triple up.

    Gordon just mentioned someone spending $400 and turning it into $500... for a hundred dollar gain, and I am sure anyone in their rih=ght mind would call that a win. Here we are testing and seeing 400% returns... whereas, $100 on $400 turned into $500 is only a 20% gain... and that system works... I can only imagine what'll happen when this gets the right traction and flow of traffic, sales, and steady sales conversions... AWESOME!

    And, no... we are not seeing a paycheck from it right now, which is what I think would make most people quit. (*And, there's been plenty of days, I even considered throwing in the towel - as I too often think; How long before it really starts churning out results?)

    Hopefully, my stubbornness to build easily acquirable inventory (*like clothing) doesn't come back and bite me in the behind, as it isn't the most efficient way to start... it was however, the easiest to acquire, ship, and store... until we can get our bearings and get into bigger markets.

    All is good!
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    • Profile picture of the author savidge4
      Originally Posted by art72 View Post

      And, no... we are not seeing a paycheck from it right now, which is what I think would make most people quit. (*And, there's been plenty of days, I even considered throwing in the towel - as I too often think; How long before it really starts churning out results?)
      I am literally having a discussion with a member that decided to try eBay a number of years ago, sold ONE item... then tried to source items from china and got burned... and considered eBay a failure. ONE sale and ONE bad experience.

      My path and your path are slightly different in the sense that I literally started with $40 and never spent a penny more out of pocket.

      If the idea here is to basically sell an item, then buy 2 more to replace the item you have sold, your 115 items sold and your 223 active listings - again the math here... sell an item buy 2 items 115 x2 is 230. YOU are on target here... and the fact you have "Inventory" that has not been listed - if its not listed you cant sell it.

      During my 1 month, I generally went sourcing once a week. there were moments where I got ahead of myself and I was looking for the bigger scores ( iPhones ) and quickly realized that was a time suck - BUYING is a time suck. And I KNOW my having the Goodwills I have around me is an absolute blessing - its inventory on tap.

      Even at scale Erin basically has inventory on Tap... BUT that took time to find those kind of sources - for the most part inventory comes to us and not us going to the inventory - Buying is a time suck.

      In regards to items you can list in your store... anytime you hit a barrier like 250 items or 350 items or 1000 items you can call and they will increase your account. Therre are stores out there with 5000 items <wink> and those took a number of phone calls to get the increases - I never hit that barrier in my 30 days.

      If you pay attention to any specific group of people online that are trying to get "Views" IE people with YouTube Channels or people with Etsy stores or Tik Tokers... they enviably talk about thumb nails, and titles. Photos and titles - is what will make or break the success of your store - and the speed in which you burn through your inventory. The concept is universal across all of the internet.

      Spend less time worrying about the other stuff and focus the majority of your time and the 20% that makes the 80% of the cash - Photos and Titles

      At scale you can afford to have "Inventory" We often buy things after holidays and wait the 8 to 9 months to list the items - your not there yet... anything and everything you source should be listed. BUY when you need to BUY... and not a moment sooner - list your pile - there is no reason to have one - it aint going to sell if it is not listed

      Hope that Helps!
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      • Profile picture of the author art72
        Originally Posted by savidge4 View Post

        I am literally having a discussion with a member that decided to try eBay a number of years ago, sold ONE item... then tried to source items from china and got burned... and considered eBay a failure. ONE sale and ONE bad experience.

        My path and your path are slightly different in the sense that I literally started with $40 and never spent a penny more out of pocket.

        If the idea here is to basically sell an item, then buy 2 more to replace the item you have sold, your 115 items sold and your 223 active listings - again the math here... sell an item buy 2 items 115 x2 is 230. YOU are on target here... and the fact you have "Inventory" that has not been listed - if its not listed you cant sell it.

        During my 1 month, I generally went sourcing once a week. there were moments where I got ahead of myself and I was looking for the bigger scores ( iPhones ) and quickly realized that was a time suck - BUYING is a time suck. And I KNOW my having the Goodwills I have around me is an absolute blessing - its inventory on tap.

        Even at scale Erin basically has inventory on Tap... BUT that took time to find those kind of sources - for the most part inventory comes to us and not us going to the inventory - Buying is a time suck.

        In regards to items you can list in your store... anytime you hit a barrier like 250 items or 350 items or 1000 items you can call and they will increase your account. Therre are stores out there with 5000 items <wink> and those took a number of phone calls to get the increases - I never hit that barrier in my 30 days.

        If you pay attention to any specific group of people online that are trying to get "Views" IE people with YouTube Channels or people with Etsy stores or Tik Tokers... they enviably talk about thumb nails, and titles. Photos and titles - is what will make or break the success of your store - and the speed in which you burn through your inventory. The concept is universal across all of the internet.

        Spend less time worrying about the other stuff and focus the majority of your time and the 20% that makes the 80% of the cash - Photos and Titles

        At scale you can afford to have "Inventory" We often buy things after holidays and wait the 8 to 9 months to list the items - your not there yet... anything and everything you source should be listed. BUY when you need to BUY... and not a moment sooner - list your pile - there is no reason to have one - it aint going to sell if it is not listed

        Hope that Helps!
        Thanks...

        Just the mention that we have moved approximately a 1/3 of all the items listed, does have an appeal to the idea - once we magnify that X10 - the numbers do look awesome.

        In the same token, we did lay out roughly $1500 in the beginning and to date everything after that has followed the ideal that the eBay sales will enable the sell 1 buy 2 (or 3,4. or even 5 more items) when we hit those targets... which we have had some success in seeing decent ROI's.

        I knew going in, the idea was to 'roll those sales' into more inventory and more sales, and to date we have nearly $7,000 in listed items (*the 233 items in-store) and another $1500 - $2000 to be listed (*some of which was donated by our daughter as she was clearing out her closets and planning to donate or give those items away. When we add these numbers up... Roughly $9,000 in inventory listed (and/or to be listed) and the $2,755 we've done in sales to date... that is just shy of $12,000 from the $1500 we put in... THAT'S AN (potential) 800% GAIN or 8X (*if everything sells for our current asking price.)

        That is phenomenal... there is definitely GROWTH happening!

        We have been on a weird roller-coaster of sorts this month, as our sales conversions peaked at 2.9% and then dropped to 2.2% (as of today) and strangely enough, this was our worst week in sales since we started... we only sold $38.62 in the past 7 days...

        BUT... we're UP 103% from last month, our impressions and traffic is back in the green with 71% more impressions, and nearly 39% more page views!

        I'm over here "THINKING" well, now the most I can list is (3) items per day on average, as the customer service call "lead me to believe" the soonest we can get another extension on more listings will be 30-days from this recent bump from 250 - 350 items.

        That part, I must've missed as I have seen new stores open and hit 600 - 1000 listings within 60 - 90 days by listing 10+ items per day. I've still yet to be/become that disciplined.

        However, I have learned that instead of typing every detail (*like I've done for nearly every item listed to date), it is a lot faster just "piggy backing" off existing listings with the same item or a similar item - and just add or detract from there.

        The 20% rule may be in order, as all the extra - extra I've been doing should really be concentrated on better thumbs (pics) and titles.

        Clearly, we've priced several items on the high end of the comps, and/or based on what others are currently asking...

        For example, there are Air Jordan's (*identical to ours) that are listed REALLY HIGH at $600 - $1000 by seasoned sellers with tons of reviews, but most SELL (*or have sold) between $275 - $350 from what I've gathered! Mind you, we were running a $10 OFF EVERY $50 Sale (*up to $100 OFF) - so, in essence, I figure those Jordan's will fetch $350 - $400 to the right buyer - with or without the coupon!

        *But, we priced the Air Jordan's higher because we didn't know how to exclude them from a buyer using the current coupon code? - and, now that that sale ends today (Oct 17th) - we'll likely drop that price down $75 - $100 and use the "mark-down" method - so watchers will see the price dropped, as will new visitors.

        I am still trying to learn all the built-in tools the store subscription offers... and, in a few more days, we'll have our "Top Rated Seller" - so, hopefully that build more trust with buyers and prospective buyers... and, more importantly eBay putting our items in a higher rotation... MORE TRAFFIC!

        Strangely enough, when I think (or expect) certain outcomes like... we are set up for a good week in sales, and we see only $38 in sales over the past 7 days... and a $16 payout this week... it definitely makes me wonder; "WTH AM I DOING WRONG NOW?"

        I know the pics and titles are the key, as the pricing game is equally important... just like I know (later down the road) we can drop our prices, be more competitive, and move bigger chunks at a time - if need be. Thus, maybe we won't see a $12,500 return on the $1500 - which is 800% GAINS or 8X (8:1) ROI... we could do $6,250 (*50% less than projected) and still be GOLD at 400% or 4X (4:1) ROI... and, that margin spans our entire inventory... I really haven't lost money on an item yet, I did break even on one or two items, just to get some sales rolling!

        The real trick is with shipping going up, we had some items priced out prior that were at the base of say a 3X ROI... whereas, now... if we don't raise prices it may drop those margins down to 2.5X or even as low as 2X - which is still $1 IN - $2 OUT, not ideal, but still not losing!

        I don't want to change my description technique, but it does eat up more time than I see most spending on their description, and, in reality - it looks great on a mobile devices!

        I am getting a wee-bit tired of editing backgrounds - so we threw a few bucks at a Amazon backdrop, a cheap Home Depot wooden crate, a fake plant, a Tom "The Quarry Turtle" and some Minwax "Expresso" and I am testing a theory changing my backgrounds on a few items, mostly sneakers and shoes... they are getting decent views!!! - no telling if it'll help differentiate us from the competition or not tho!

        Overall, no regrets so far. I've invested too much time to quit at this point, and I would sincerely like to be reporting higher weekly sales numbers, but at the moment, our sales tanked this week... and, aside last month's shut down, a day or two of missed listings, I am still feeling like a NOOB on the eBay platform!

        Here I was stoked having hit Top Rated Seller (*upcoming on October 20th evaluation)... and yet, our sales were shite this week, worst ever, actually! - Go figure, no good deed goes unpunished, lol.
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        • Profile picture of the author savidge4
          Originally Posted by art72 View Post

          The real trick is with shipping going up,

          Here I was stoked having hit Top Rated Seller (*upcoming on October 20th evaluation)
          Keep in mind on the 20th you should see an increase in the shipping discount within eBay - As well as decreased final sales fees - its REALLY a big deal to reach that hurdle.

          I obviously cant tell you what to do... BUT backgrounds - white white white... You dont even have to really "correct" them... a sheet of white paper and some decently powered light ( 100 watt+ flood lights ) and use the "snow" setting on your phone and you will be fine IE no image editing.

          We have some Christmas items we have listed on one store we have a real nice light toned grey and white snowflake background... and on another store... same item on a white background. White background is out selling snowflake 6 to 1. We have increased the price, decreased the price - matched the price... included shipping / buyer pays shipping and the ratio in the instance of buyer pays shipping is the only time the ratio changed... and it was for the worse ( 8 to 1 )

          If you want to test a theory...ask a guy like me that has access to multiple stores... and ill test it - I can afford to test it ( I would have 2 listings for the same item - one would be selling the item and the other would be failing..Im still selling the item ) and I have multiples of the same item to make an actual test out of the process. You trying anything is just that... a shotgun approach at best

          An interesting Video..and I petty much agree - A perfect listing:

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          • Profile picture of the author art72
            Originally Posted by savidge4 View Post

            Keep in mind on the 20th you should see an increase in the shipping discount within eBay - As well as decreased final sales fees - its REALLY a big deal to reach that hurdle.

            I obviously cant tell you what to do... BUT backgrounds - white white white... You dont even have to really "correct" them... a sheet of white paper and some decently powered light ( 100 watt+ flood lights ) and use the "snow" setting on your phone and you will be fine IE no image editing.

            We have some Christmas items we have listed on one store we have a real nice light toned grey and white snowflake background... and on another store... same item on a white background. White background is out selling snowflake 6 to 1. We have increased the price, decreased the price - matched the price... included shipping / buyer pays shipping and the ratio in the instance of buyer pays shipping is the only time the ratio changed... and it was for the worse ( 8 to 1 )

            If you want to test a theory...ask a guy like me that has access to multiple stores... and ill test it - I can afford to test it ( I would have 2 listings for the same item - one would be selling the item and the other would be failing..Im still selling the item ) and I have multiples of the same item to make an actual test out of the process. You trying anything is just that... a shotgun approach at best

            An interesting Video..and I petty much agree - A perfect listing:

            I found the PERFECT Listing! (eBay, Poshmark, Mercari, Amazon) - YouTube
            There's that whole Gary Halbert idea of doing everything the polar opposite of what his competitors were doing back in the day that USP or (differentiation) from what everyone else is doing... granted, I really cannot afford to 'experiment' or 'test too many theories' right now either... I just need that consistent flow of sales.

            Looking into some other stats last night, our rankings are higher than I expected in a bunch of categories, to wit; in dress shirts we were ranked like 200th out of 220,000 other sellers in that category - (just a random example) - but, taking notes on the fact we are in the Top 1 - 5% even though we're not seeing a ton of sales yet!

            We're definitely able to source items cheaper where we are living now, as our old "honey hole" was good (*and still can be on certain items) - but, if we can get items for $1.00 now vs $4.00 then (*which we are are currently doing)... We can lower pricing, profit more, and be more competitive.

            Terri likes the idea of selling a Nike Dry-fit new with tags for $18 - $24... I am getting offers $10 below (*like $14.00) from seasoned buyers and we can still churn a 600% profit... if I accepted the $14 after fees, shipping, and the costs of the good(s).

            Again, I'm really not trying to store too many items, or be greedy and wait for a 1200% gain on every item... it's awesome whan those ROI's are HIGHER, of course!

            I have been leery to experiment with larger and heavier items (like juicers, mixers, blenders, etc) mainly due to the hike in shipping costs, and storage space required... Once those Top Rated seller discounts and fees drop... That will open up another path to explore. (*I certainly do not want to sell items and eat up the profits on fees and shipping!)

            I think my idea of racing to list say 500, 1000, or 2000 items should be secondary to the demand, popularity, and data provided that suggests; more people searching than people selling those items!!!

            Again, you; (savidge4), Chris, TechNSports, and a few others are all doing quantity - regardless of the niche markets you choose - there are dominant forces that are leading in sales conversions, volume, and turn-over times...

            I keep looking at the numbers (*and they do look good) - the inventory we've listed has been moving at a decent pace... It just seems SLOW to me because I am looking at from an expanded lens (*like a scientist observing a piece of cheese under a microscope)... It's moving, definitely growing, and in hindsight - we (myself personally) just needs to "stay the course" - slow and steady... CONSISTENCY!!!!!

            To date, 349 items listed, 116 sold, and I believe there's another 10-12 items that are under (1) listing with multiple quantities! So, we have more like 370 items listed and/or sold to date!

            I've yet to find Scotty Cameron golf clubs or high end sporting goods... But I believe those markets are thriving, just like pets, bone china, kitchen wares, etc.

            I already know; we are going to need a warehouse and a bigger operating facility, just NOT right now... we're still guppies in a huge ocean, but I'm still in that uphill learning curve, momentarily.

            Everyone here that has ANY experience at business, marketing, or selling good & services seems to know; "it takes time to build-up steady momentum"

            I cannot help complain a lil' bit - as they keep tweaking the listing tools, shipping menu's, and every time it becomes autonomous (*like fluid) they change the app, listing tools, or the rules... It's a constant up-keep... Just like doing SEO, the core values are always the same, but the platform(s) keep trying to create the next big thing...
            ***Screw the next big thing, I just want the "root cause" to produce the intended "effects" - $1.00 in... $3.00 out, and to me, that's the low end of this venture.

            We would sell more faster, if we lowered our pricing (*I sincerely believe that to be a fact), plus, we need to stop allowing offers (*and low ballers... many of which are probably other resellers in many cases)... And, just "flip sh!t" quicker!

            Worst case scenario... I may use the other 250+ auction listings we haven't even used yet, then, set a flat rate shipping to buyer (*like $9.95) and let stuff go for .99 cents and still pull 2:1, maybe even 3:1 later when the inventory permits! (* I see how people can "let go" or dump piles of inventory cheaper and still WIN!) - they do it everyday on WHAT NOT!!!

            Like Russell Brunson selling FREE books...just pay shipping! (*It works in certain arenas!)

            It's all just inventory waiting for the right buyer to say; "Yes, I need, want, and/or got to have that THING" - In-turn, it's all just a ripe 'n juicy "savings account" of sorts...

            BUT... sustaining the long game, that's the hard part! Seeing "it" before "it's" built like I do/did building pools and houses... There's almost always an architect at the helm!!!

            And Thanks, I'm finding most the answers we seek are often at the root of a rhetorical question to begin with, and seeking confirmation often roots back to the reason we do what we do, or refuse to do it altogether!

            Admittedly, trying to avert "following others" who've already PROVEN certain formulas, blueprints, and processes that have already proven to WORK (almost timelessly) is impart, ignorant! We explore a huge menu of options that come with those ventures and (I, myself) often second-guess (*the teachers) and our OWN ability to follow simple instructions... In truth, I am seldom entertained mirroring other people's success... And yet, it's the fastest way to get there!
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            • Profile picture of the author savidge4
              Originally Posted by art72 View Post

              We would sell more faster, if we lowered our pricing (*I sincerely believe that to be a fact), plus, we need to stop allowing offers (*and low ballers... many of which are probably other resellers in many cases)... And, just "flip sh!t" quicker!
              Here is a goofy fact that is so counter intuitive its not funny.... Low pricing an item and it will not sell - there must be something wrong with it - or something.

              Look at say 10 of the same item ( sold comps ) if that kind of numbers is available and find the middle price - not including auctions... and price all in item and shipping - and that is your price. I have said it over and over to Erin, to my Son, to myself for that matters - Take YOU out of it... "I think its worth...." NOPE - Price according to market. The price is already set, and to be a bit higher, or a bit lower - you will hold the item.

              I have spoken on Offers... its a time suck - if you are priced at market, you just dont need it. If you do feel the need because everyone says to do it... Set it to automatic accept and have a accept price 5 to 10% lower than what Market is bearing. You will see quickly the pattern of people nailing your lowest possible price time and again. I think there is a bot that can tell the buyer what that number is - its way to consistent to not be.

              One of the things you have to watch... "Response Time" is something eBay scores - meaning someone sends you a message or an offer, eBay is tracking the amount of time it takes you to respond. Across 8 total accounts last week ( Monday to Sunday ) we had a total of 2 customer messages - with response times of less than 20 minutes - and in both cases they were thank you type messages and nothing pertaining to a pending sale.

              My thing with as detailed a description as possible, and not doing open ended offers is to "cheat" the system and reduce to an absolute minimum customer interaction. We list, and we ship...anything else is a time suck and in my case with employees a money suck.

              Originally Posted by art72 View Post

              Looking into some other stats last night, our rankings are higher than I expected in a bunch of categories, to wit; in dress shirts we were ranked like 200th out of 220,000 other sellers in that category
              I am going to say this is over thinking...who cares where you rank in a category? How do you Rank for a Mens Medium Ralph Lauren Long Sleeve in Salmon... Sales do not happen at the evergreen level "Mens Dress Shirt" That is a tire kicker search term. Size color and brand is the search ranking I would be concerned with. And I am going to be real honest here... It would be me that would look at data like this... and I havent looked in more than a while - there is no reason to. Place the item in the right Category, good photos, good Title, and pay attention or Item Specifics those are the things that primarily drive search placement - many many sellers get the basics wrong. Do a simple search for whatever type of shoes Mens, in a size 8.5 and look at the ratio of listing that have and dont have the size in the title - you want to separate from the masses...its right there

              Originally Posted by art72 View Post

              There's that whole Gary Halbert idea of doing everything the polar opposite of what his competitors were doing back in the day that USP or (differentiation) from what everyone else is doing
              THIS is a very true statement... BUT the likes of Amazon and Walmart as a platform require White backgrounds REQUIRE... you start messing with buyer psychology if you break from the norm. The ONLY platform I would suggest this may work, and I have the data that says it doesnt would be Etsy.

              And again, watch the video above... A consignment company that Chris handed over 50K in merchandise... and what color is the background?

              USP in the case of eBay is Free Returns and Free Shipping - and being rated Top Seller
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              • Profile picture of the author art72
                Originally Posted by savidge4 View Post

                THIS is a very true statement... BUT the likes of Amazon and Walmart as a platform require White backgrounds REQUIRE... you start messing with buyer psychology if you break from the norm. The ONLY platform I would suggest this may work, and I have the data that says it doesnt would be Etsy.

                And again, watch the video above... A consignment company that Chris handed over 50K in merchandise... and what color is the background?

                USP in the case of eBay is Free Returns and Free Shipping - and being rated Top Seller
                There really isn't much that can separate us from the competition, other than free shipping and free returns, which we have set as our default. Most of our pics are with white backgrounds, I just started thinking; "For every pair of jeans I put down on a white Mainstay (Walmart) sheet... I had to fight the wrinkles for every other shot, lol... takes a little time staging the bigger items, and in the end, it's not that big of a deal to adjust a few setting, raise the brightness in the app and be done with it.

                As far as the pricing, once I have a few days, I am going to likely go through our inventory - double-check the comps, set the "Buy It Now" and just stop the whole ordeal of managing messages... cause when that inventory gets up there in the 4 and 5 digits, I damn sure won't have time for responding to offers as I am now. We did sell quite a bit through offers, but as you say; "the market dictates the average sale price" so I need to focus more on those numbers and just list and ship! <--- Great advice, as usual!!!
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  • Profile picture of the author art72
    Alrighty, so we hit the "Top Rated Plus" status and that will most definitely save us some money on fees and shipping.

    At the same time, this past 10 - 12 days has been SLOW in sales, go figure.

    The irony being, after stepping back and evaluating progress... Most of the targets we set are being hit.

    We've sold (1) shy of 120 items, currently have 240 listed - which is a formula several people teach when turning the (1) item sold into (2) new listings...

    Looking at the humble beginnings from a different perspective, we invested about $1500 in the beginning on merchandise. Maybe add another $500 for costs outside of merchandise... And, it reveals a pretty simple formula in-line with what savidge4's post teaches - 3X formula of sorts.

    If we get what we set our current prices at, we are just shy of $7,000 in the 240 items listed, we've sold $2,800 to date, and have approximately 100 - 120 more items to list (*lower end items, average list price) = another $2,000 (*or so to be listed)

    In total... that's $11,800 between sold, listed, and to be listed items... Granted, we may accept a little less here or there to move inventory, BUT... the math is dead on!

    If we put in $2000 to start, round up to $12,000 in sold, listed, and unlisted inventory... That's 6X our initial investment.

    Now, roughly 50% will be absorbed in seller fees, shipping costs, and operations. Leaving $6000 in projected profit... Rooting back to the concept of 3X ROI.

    When you list an item, and it just sells within hours - it blows your mind. We just sold a 2-pack ink cartridge that we got for $1.00 at a yard sale (*along with a pile of other stuff) and to my amazement - it was sold for $18... Cost $8 in fees and shipping and we get 10X on that one item.

    The concentration now falls between getting ahead of this... Having the photos, itemization, and listings entered, but to be scheduled...

    So, if I am working 6-7 days per week - keeping up will be easier, if we get out-in-front of it now.

    In theory, we could source enough product for the entire month in one day. Once the sales increase, it may require more time, more listings, and in-turn more items to sell.

    I think it's kind of funny, what we'll save in shipping by hitting the Top Rated status is in a way perfect timing, as the shipping just went up nearly 20% - so, with reduced seller fees, and a better shipping discount - that affords us a little more wiggle-room on pricing, and we don't get hit as hard as those under-performing.

    I've learned a lot more than expected already... Still cannot say I'm thrilled with the actual sales numbers - as our sales conversion dropped from 2.9% to 2.2% in just the last week... And, according to eBay's seller hub, we're still up .6% (or pts) from last month's numbers.

    We are getting more impressions, gaining a few watchers, and more click-through - and I can see the items pulling the most attention, are significant to the brand, item, and to a degree the design or style.

    Meanwhile, no sales Fri, no sales as of yet today... And, this week is looking a bit bleak on the current payout (*currently at $48) and Sunday's are hit/miss.

    Last week was by far the worst payout we've had to date, at a whopping $15! (*ouch!)

    Over all, I still see the inventory as future income, so long as we don't get stuck with a pile of stuff that never sells, we'll be good!

    I'm trying not to obsess over this months sales, as we didn't expect much this month.
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  • Profile picture of the author DWolfe
    Not sure if you are aware of this Art, this was sent by eBay yesterday. It's about holiday shipping. I will leave the information from eBay here with the link to register on eBay.


    "Connect with eBay staff and sellers to learn more about holiday shipping and our newest program - eBay International Shipping. Plus, get key holiday insights, win prizes with eBay trivia, and much more!

    Wednesday, November 16 "

    This is to official page on eBay - https://hopin.com/events/holiday-sel...n/registration

    On another note, I have been following along on this thread. You are doing good on your Journey.
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    • Profile picture of the author art72
      Originally Posted by DWolfe View Post

      Not sure if you are aware of this Art, this was sent by eBay yesterday. It's about holiday shipping. I will leave the information from eBay here with the link to register on eBay.


      "Connect with eBay staff and sellers to learn more about holiday shipping and our newest program - eBay International Shipping. Plus, get key holiday insights, win prizes with eBay trivia, and much more!

      Wednesday, November 16 "

      This is to official page on eBay - https://hopin.com/events/holiday-sel...n/registration
      Awesome, Thank-you!

      I definitely need to learn more about holiday and international shipping - I'll be sure to register to the seller check-in page as well...

      Originally Posted by DWolfe View Post

      On another note, I have been following along on this thread. You are doing good on your Journey.
      Thank-you, we are starting to "see" the retail arbitrage in a new light, today was quite eventful... gained *70 - 80 items (NWT) for $1 - $2 each on clearance... at our local Walmart.

      The employee (Carla) that was marking everything down mentioned they do the same types of mark-downs throughout the store to prep for new inventory. So, we are gaining a lot of insight (and inventory for pennies) right now.

      Honestly, I think by next year we'll be in way better shape and have a much better grip on scaling this venture to a smoother (and more profitable) business.
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  • Profile picture of the author art72
    Quick update...

    Now that I am back to remodeling and doing renovations full-time (*for now), there's been a slight breach in staying disciplined with our daily listings... which we are getting a little bit behind on staying ahead of the philosophy...

    Sell (1) - List (2) minimum!!!

    We've sold 133 items, just under $3200 in total sales... Our current listings (*including multiple items under one listing) is at 256 total... So, I am not 'slacking off' too bad, I guess.

    The focus remains on building a steady flow of income, sales, and cash flow. I've been networking and putting my name out there again... So the work load is definitely increasing, and it too has caused a side effect to wit; I just dropped nearly $1000 on tools and considering reinstating or getting my LLC back by New Year's or by the end of January.

    With another hurricane "knocking on our door" - my schedule just changed as (2) clients are "on-hold" until after the storm passes... They're leaving town until Nicole passes through, lol.

    Despite the fact that I have been 'slacking off' (*on eBay) a little bit due to the increasing local demands starting to flow again... We are finding (and sourcing) better products and other markets to target.

    Also, in consideration to something Gordon mentions when it comes to 'storing surplus' (or having money invested in stored inventory) - I completely understand there are non-physical items, services, and even products that can be created "one time" and then sold over-and-over again. Such as reports, eBooks, white papers, and digital product creation... I'm still pursuing those future interests as well.

    That process (and mindset) of creating a product or a service that can be created, sold, and delivered with less time, energy, and effort, is still a developing skill that I believe is contained within this journey as well... afterall, that was what drew me into this forum 11 years ago!

    In the meantime, I'm still passionate about fixing, building, and renovating homes, pools, spas, etc... It is hard to HATE what I have always been good at... I think the real struggle has been "dealing with people" in those arenas, as there are good, bad, and the ugly clients in nearly any business venture.

    Thus, I starting to believe what really drew me to this forum was the ability to learn, develop, and hone the skill sets to combine our past knowledge and bridge that gap to be able to control the outcome with less resistance (*generally people slowing the flow)... And, build a well-oiled machine capable of producing income on-demand. As opposed to remaining 'stuck' relying upon jobs, gigs, or the physical limitations working creates.

    You can only due so much (single-handedly) in a day... Even my son-in-law expresses his love and hate relationship with his employer... He's pulling $1100 - $1200 per week right now working 60 - 65 hours per week... He has work ethic, integrity, and reminds me of my younger self.

    I'll be updating the stats more later this week...

    As my focus remains on eBay 1st - despite the fact, I'm now building (2) businesses and trying to manage our TIME & ENERGY with a concentrated effort that the Home Improvement business is still a TEMPORARY solution until eBay and other plans come to fruition.

    Funny thing being, I feel the (2) are almost polar opposites... One is limited (*home improvement) - whereas, eBay is unlimited and can be scaled to 7-figures with far less time, energy, and effort.

    I may not hit the target goals set above in 12 - 18 months... But, my gut tells me; so long as we do not quit... We will get this business running more efficiently as time, experience, and income permits.

    Again, the distractions are steadily altering the course and forcing changes - I have at least 3-5 business models in my storage unit (the brain) and I think once one proves worthy...it will fund the bigger visions. All-the-while, they all require disciplined effort, testing, and developing the mindset to see them through to completion.

    I don't know too many businesses that can produce the ROI's we are seeing with eBay.

    Just last night we posted a Canon PowerShot ELPH 190 IS 720p Digital Camera (*Open Box) - Terri scored that item for $10 at a local pawn shop...

    5 minutes after listing it for $185... BOOM we had an offer for $111.00.

    I counter-offered $150.00 with FREE Priority Shipping... didn't get the sale.

    Meanwhile, part of me says;"You should have took the $111.00 and put 800% back into more inventory... But, this is THE LEARNING CURVE, whereas, I am not attached to the product per se... I'm still learning what the markets will bear on the eBay platform.

    Once we KNOW without contemplating the prices too much, I intend to sell pallets, containers, and a warehouse (*or two) of inventory.

    Still feeling like a noob in this journey... But, it is getting interesting for sure!
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    • Profile picture of the author DWolfe
      Originally Posted by art72 View Post

      Quick update...
      .
      Just last night we posted a Canon PowerShot ELPH 190 IS 720p Digital Camera (*Open Box) - Terri scored that item for $10 at a local pawn shop...
      !
      Art since you are busy with the renovations business. How much can Terri help you with the day-to-day eBay operation? Sounds like she could take a big load off your back to keep the daily listings going.
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      • Profile picture of the author art72
        Originally Posted by DWolfe View Post

        Art since you are busy with the renovations business. How much can Terri help you with the day-to-day eBay operation? Sounds like she could take a big load off your back to keep the daily listings going.
        I would love for her to take on some of the eBay business, that was one of the motives in starting this journey from the beginning.

        Right now, she's awesome at supporting the store, sourcing items with good to excellent resell value, and she's got the eBay app (research & comp's) dialed in. On the prep, staging, photos, item specs, and listings, she's not so enthusiastic about doing the work.

        Maybe, Gordon was right when he mentioned; "once the wife sees the money & returns, she'll be more on-board to participate more" - IDK, maybe... I am trying to teach her to look at the MATH...

        For example, she scored the Canon PowerShot camera for $10 at a local pawn shop... I listed it last night for $185, and not even 3 minutes later, we received an offer for $111.00 - which I gave some deep thought to just accept that offer and move on...

        But... then I decided to counter offer with $150 (w/ Free Priority Shipping) - and this morning, the (potential) buyer offered $130.00, and I just couldn't say; "No" - that's 13X what we acquired the item for... and we still gained $19 from his/her initial offering... that covers shipping right there!

        To me, that (1) transaction is a gain of 1000% return (*turning a $10 Bill into $100) and enables her to go hunt 5, 10, or 20 more items to roll that investment into more items, and in-turn snowball that return into bigger returns.

        That may actually be the fastest item turnover we've had to date. Granted, trying to find (10) more Canon PowerShot cameras may not be readily available... BUT, there are plenty other items we can source locally with that $100 and pull 250% - 500% ROI's on.

        See... so she needs to see what I see... $10 > $100 > $500, just right there, there is a 5000% GAIN... or 50X... Either way, the math is AWESOME!

        She loves the hunt, as do I - that is without a doubt one of the things we love to do together - second only to making sales and hearing the "cha-ching" when offers and sales come in, obviously.

        I am hoping she will realize that we cannot hold, horde, or keep everything we buy... and, we need to price the items according to the established market pricing, and move inventory quicker... like that camera > listed and SOLD! NEXT!!!

        She also likes to put higher prices on the items and then let people make offers...so they feel like they saved $5 or $10 and got a good deal, and I agree; there is a psychological trigger there (*as most retailers BOGO, sale, or discount their inventory), and I cannot argue... "IF" the customer saves 33% or even "X" amount off, they feel empowered, grateful, or satisfied. We have made quite a few of our 134 sales that way. (*But, later when the inventory grows, as savidge4 points out...that will be a time-suck and could hurt our ratings and response times, which eBay tracks our relations with their traffic/audience for quality control).

        I am shifting from that " give them the allure of a bargain mindset" to the fact, I KNOW that camera could have fetched $150 - $175 based on SOLD items in the past 90 Days and the prior 90-day comps. (***And, even still, I gladly let it go for the $130.00***)

        While I am ahead on photos and item specs to be listed (*I currently have 61 more items prepped, staged, photographed, with all the item specs & details - ALL ready to be listed). In most cases, I do not borrow much from other sellers or their item listings... even if the item(s) are identical... and, eBay sort of encourages it by trying to match keywords to existing listings, so, I probably should utilize those options to expedite the listing process.

        Last night while looking up the camera's specs... I basically jacked Walmart's main photo (*only photo really) for that model camera & copied and pasted their description details into our description box... And, it saved a ton of time. Truth be told, I saw the same descriptions and PowerShot pic all over the internet - even on other eBay seller's listings for that same exact camera. (*kind of feels like cheating, as I don't want people stealing my sales copy... though it has been known to happen.)

        I sincerely think, once we build a steady flow of sales and she sees the numbers (money) growing, she'll take more initiative... of course, I want her to "get paid" and have her own money... I am not stopping her from doing the work, I am encouraging it.

        The way I see our eBay store (journey really) growing is similar to how the home improvement business works... I spent nearly $1000 on tools at Home Depot and the local pawn shops this past week... ***full-well-knowing; the JOB is paying for those tools - before I even submitted the bid/proposal for the job I am currently on, and will still profit enough to cover business costs and living expenses.

        Much like those tools "paying for themselves" - I see eBay in the same light. What I need to get Terri to understand is rather than be attached to the products or pricing them too high (which we go back and forth over all the time) - she needs to project having (10) cameras, and keep one. She likes to keep a lot of what we buy, fearing she'll never get another deal like that again.

        Meanwhile, I see these kinds of deals EVERYWHERE now that I am paying attention to it!

        She's pissed at me, because I put that camera "up for sale" in an effort to show her... "Look, you got this for $10, now you have $100... What if you had $10,000 and turned it into $100,000?" <--- The MATH is exactly the same, we just need to do more of it!

        I say we; "sell everything" - until we have 10, 50, or 100 of each... then pilfer through your own surplus, not before!

        I said to her earlier; "You saw Scarface, right? - Well then, don't get hung up on your own product!" (*Again, there is more product(s) to be had, why obsess over certain items, like a seagull in a Nemo movie... "mine, mine, mine, mine, mine" - LOL.

        Meanwhile... we have another storm upon us, as Nicole is soon to be knocking on our front door later tonight, LOL - this storm messed my whole schedule up this week! - And, I cannot control that... But, I can list more items NOW!!!
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    • Profile picture of the author savidge4
      Originally Posted by art72 View Post

      Just last night we posted a Canon PowerShot ELPH 190 IS 720p Digital Camera (*Open Box) - Terri scored that item for $10 at a local pawn shop...

      5 minutes after listing it for $185... BOOM we had an offer for $111.00.

      I counter-offered $150.00 with FREE Priority Shipping... didn't get the sale.

      Meanwhile, part of me says;"You should have took the $111.00 and put 800% back into more inventory... But, this is THE LEARNING CURVE, whereas, I am not attached to the product per se... I'm still learning what the markets will bear on the eBay platform.
      A little tip here. remove the 720p from your title... that is the video resolution - I would be including the 20MP detailin the title. I would be including the color in the title ( Red, Blue, Black ) The red goes for the most, and the blue goes for the least.

      Red will get you the premium price ( $150+ ) and blue would get you the lower end of the spectrum - I would say $125 to $130 range. The Black is in the $130 to $140 range.

      If you look at the sold comps... you will see here are a kick ton of auction based sales... so you get to far above that average number and people will wait and bid - before paying the premium you are asking - BUT if you look at those sold comps and you are holding a Red Camera... it will be a day or 2 and someone wanting the rede will pay the price... BUT if you are holding the blue one...I wouldnt have taken the $110...ut I would drp into the $125 range to unload the item.
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      • Profile picture of the author art72
        Originally Posted by savidge4 View Post

        A little tip here. remove the 720p from your title... that is the video resolution - I would be including the 20MP detailin the title. I would be including the color in the title ( Red, Blue, Black ) The red goes for the most, and the blue goes for the least.

        Red will get you the premium price ( $150+ ) and red would get you the lower ed f the spectrum - I would say $125 to $130 range. The Black is in the $130 to $140 range.

        If you look at the sold comps... you will see here are a kick ton of auction based sales... so you get to far above that average number and people will wait and bid - before paying the premium you are asking - BUT if you look at those sold comps and you are holding a Red Camera... it will be a day or 2 and someone wanting the rede will pay the price... BUT if you are holding the blue one...I wouldnt have taken the $110...ut I would drp into the $125 range to unload the item.
        I actually did have 20mp in the title, as well the color... But we sold this one for $130, so it makes sense why it sold so fast!

        Some of these people list these cameras for an insane amount of money (*one top rated plus seller has a blue one listed for $585...) - Which makes me wonder; if the buyer we sold it to 'relists' it for $200+, or gets a good run on an auction - they can still pull decent profits as reseller's of another reseller's item(s). Walmart is selling them for $349.

        But, as you mentioned, the majority of comps seemed to put the item between $125 and $150 - so, anyone trying to resell them for more will likely wait a lot longer to get their item(s) sold. I think we did good selling it quick for $130. That will give us an opportunity to reinvest that into more items that will triple (or better) the returns from that one $10 purchase alone...

        Another words, the start-up capital isn't the problem... as $10 can turn into $100, and then, provided we can 'triple' the next lot of items ($100) into $300... I still see the total investment as being; "TIME" to source and list more items (*which those items need to be worth 3X what we acquire them for...) and then, in reflection, initial investment is still ONLY $10-Bucks! - everything from that initial sale can be viewed as either spendable profits or reinvested an rolled into more sellable items.

        *Also, just noticed eBay is allowing up to 24 images now... that's new! - But, they ditched the image search from the mobile app, I kind of liked using that once in a while!
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  • Profile picture of the author art72
    Finally got a good run on adding some new listings, and with 134 items sold (as of last night)... We only had 247 items listed... which was a bit less than the Sell (1) List (2) formula.

    Now, (*after last night) we've listed 268 items, and I am considering upping my game to Sell (1) List (3) to increase our inventory faster...

    And, hopefully source more items with a faster turnover rates!

    The next move will be pricing our items to sell faster, and still maintain the (bare bones minimum) 3X ROI's...

    In truth, many of our current listings would likely move quicker "IF" (*or when) we stop inflating the frontend pricing and allowing offers, and deflating the original listing prices to create the illusion of the buyer getting a better deal.

    I knew going in, we were pricing items a little higher than the SOLD comps... But, as idiotic as it may sound; I too wanted to build up enough inventory to be able to offer bigger discounts as we have nearly $10,000 in items either listed (*or to be listed) in the next couple of weeks.

    Overall, I am still happy with our results... despite the learning curve, lower priced inventory, and the time we've invested... Which is lessening as the research, sourcing, and 'the work' is becoming more fluid and systematic now.

    Even my daughter is keeping an eye on how this works... And, (3 of her picks) have already SOLD... As she has went sourcing with us a couple of times!

    Lastly, despite my current lack of knowledge concerning "Global Shipping" through eBay, I have recently opened that option to sell outside the US as well... Now, I have to edit 268 listings, LOL!

    To be continued...
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    • Profile picture of the author savidge4
      Originally Posted by art72 View Post

      Lastly, despite my current lack of knowledge concerning "Global Shipping" through eBay, I have recently opened that option to sell outside the US as well... Now, I have to edit 268 listings, LOL!
      Its super easy...you just have to send the item to Kentucky ( which i believe is zone 2 or 3 for you ) and eBay deals with the rest. Nothing on your end changes!
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  • Profile picture of the author Troy Arrandale
    Originally Posted by art72 View Post

    ...as the real challenge rests in researching what's selling(?) -

    What are your research methods?

    Would love to know!
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    • Profile picture of the author art72
      Originally Posted by Troy Arrandale View Post

      What are your research methods?

      Would love to know!
      Right now, we are primarily using the eBay mobile app to view "SOLD" items over the past 90 days to gauge the market price(s) and what others have sold similar items for over the past 90 days? (*That's our #1 research tool ATM)

      We generally ignore the auction sold comps, and look to see what the "Buy It Now" numbers look like before buying or sourcing most of our new items.

      Now that we are getting more familiar with what we've listed and sold, we can utilize that experience too while buying/sourcing similar items. The more we research, the easier it is to know what we can expect our 'projected' profit margins to be.

      Lastly, I frequently look at retail prices and other seller platforms as well, and try to price items accordingly. As mentioned prior, we often price on the higher end, and if the items do not sell, or we are not getting many views we'll lower pricing or offer a discount to try and get those items moving.

      eBay recommends the Terra Peak tools built-in to the seller hub, but I seldom use that option, or the frequently listed price suggestions, as they seem too low to me. And, in many cases, when they show those 'frequently listed' prices - it seldom includes shipping costs. We offer FREE Shipping on everything we sell, so those numbers are without factoring-in shipping costs.
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  • Profile picture of the author art72
    Quick update...

    Current sales = 140
    Current listing = 280
    Total Sales $3,498.00
    Positive Feedback (100%) 52 people
    Watchers = 61
    Subscribers = 10

    Sales Conversion Rate 1.9%

    Overall we're still enjoying this business venture, and after 5 months... we've learned a great deal, and the entire process is becoming familiar as our experience grows.

    As mentioned (in another thread) our daughter has taken quite a shine to the idea of rolling a one-time investment into both; more inventory and building working capital.

    Her 1st two lots were certainly insightful, as she has a little nest egg and credit to boot.

    My advice to her was to start light, move enough product to get your initial investment back, get in profit quick, and roll those earnings into bigger buys - be it liquidations, estate sales, auctions, or sourcing via; local markets. (*Which to my surprise the local markets here have quite a lot to offer, with plenty of potential profits).

    I may be guilty of lighting a fire under her butt, as she is researching large lots, pallets, and truckloads... her goal is to drop a nice chunk down on a home & property.

    Either way, her 1st (2) lots opened our eyes to just how much surplus is available online (and offline).

    Meanwhile, both businesses are growing now - the home improvement has had me busy, and although TIME has been going by faster (*now that I am busy) I am (to a degree) in better control over how I choose to invest (and spend) my time these days.

    Lastly, we are still a far cry from reaching that $50k - $100k goal... but as our efforts and time compound our past few months investments... I think we'll hit the mark by August 8th, 2023.

    Even if we don't... I still have other business ideas to implement, and will likely help us get there quicker!

    Meanwhile... this is starting to be FUN, and a lot less like work, lol.

    To be continued...
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  • Profile picture of the author art72
    (*Reposted from Mind Warrior thread...)

    Interesting series of events this week...

    Our daughter has been keeping up with our eBay progress, and we've had several conversations about buying bulk items via; liquidations, auctions, and other sources. She just landed 50 used iPads, and 6 used MacBook pro's... Granted the iPads are 4th Gen with 128 gb's and the MacBook Pro's are running Catalina (2019) with i5 processors... so, they are not NEW, but "IF" they sell... she may be on to something!

    I've already claimed ONE of each, LOL

    We've been a bit slow on the sales the past few weeks, but we've hit 140 sales, 280 items listed (*including items with multiple units available) and we are still ahead on inventory.

    Last weeks payout was better, just over $200 in profit, so it is starting to FLOW a little better. Largely due to Terri's pick on that Canon ELPH that returned 11X what she paid for it! (*That was a good one!)

    We're up to 52 positive feedback, just over $3,500 in sales to date... and, we really need to ramp up our game if we are going to hit our target goal in 12-18 months!

    The biggest hurdle by far in learning eBay, has been shipping costs, which I am getting much better at... now that we've shipped nearly 140 items to date.

    Now that our daughter is getting involved we are planning to help her move her product(s) and test different markets... She is looking at pallets and truckloads, I told her, sell what you just purchased and ONLY use the money from those 1st (2) buys to refuel your inventory.

    I can see a warehouse being needed in the near and not so distant future, lol.

    Work has picked up as 'word-of-mouth' has landed me a couple more repair gigs. Hopefully that'll carry us through Thanksgiving, as I expect work to slow down the closer we get to Christmas... it almost always gets slow after Thanksgiving into the New Year.

    That will give me more time to put into eBay. I'm still stoked our daughter is excited and interested in the buying/selling. I know enough now to help her get her store up and running and she will do TikTok and "Go Live" on video... whereas, I am a camera phobic (face for radio type, LOL) - so, now we have another eBay seller in training, LOL... I am really happy she is taking interest in sourcing, reselling, and learning this, feels like a compliment!

    To be continued...
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  • Profile picture of the author art72
    Despite my absence these past few weeks... I am relieved work has (*as predicted) slowed down, and we/I can focus more time an attention to our eBay journey.

    No excuses...

    This past month has had me running ragged, and as such "tested my patience" - broke my routine and in essence, I negated to put those 2-3 hours into eBay... or in essence, listing daily. We were still brokering deals, sourcing new inventory, and hunting down some amazing deals!!!

    And, still... yesterday's efforts are producing greater rewards today.

    We've hit a few more milestones in the past month... no epic sales or wheel barrows full of cash...

    But... eBay messaged us, and upped our item listing limits from 350 items to 1050 items - which was a huge compliment and feels good as our customer service record is 100% on feedback, upload and shipping tomes, and we've maintained good customer relations.

    Although I haven't been staging, itemizing, and listing much the past few weeks - we have steadily been reinvesting 100% of our eBay payouts, and landed a "pile of inventory" after brokering a deal with a local storage facility...

    We scored a FREE RENT on a 10'x15' unit, in exchange for clearing out (2) leftover units filled with a mix of goods & garbage!

    We haven't even put a dent in what items remain hidden within those (2) units... and, already have listed around $1000.00 of those items in the past 2 days.

    Just to update my daughter's (2) purchases... we learned a great deal,as the(50) iPads and (6) MacBook Pro's she acquired have returned 80%of her investment... as they moved enough iPads through work, friends, an associates to almost recoup 100% of their initial investment... leaving another $3500+ in potential sales, which should put her at or around the 3X (*profit) on her 1st attempt at buying lots.

    But... here's the kicker;

    Many (most really) of the iPads arrived with smashed and broken screens... so, she had to order screens, dbl-sticky tape, and the frames to refurbish those units.

    Minor setback, as her man broke the 1st one he attempted to fix, but now he's a pro at replacing the screens...

    Now he wants to quit his job (building dairy barns and welding) - and go hunt goods too, lol.

    Granted, we are not listing or moving enough inventory just yet to support the household... he, like I is amped on buying bulk, doing storage unit acquisitions, and buying/selling... he just turned 27 and is getting burned out building & repairing dairy barns after 10 years. Plus, he's about "maxed out" on the salary he currently makes $40k - $45k (*if he works overtime).

    Meanwhile... here''s an update on our current stats - which are steadily increasing;

    • Number of items sold: 160
    • Total Sales Revenue: $4,482.12
    • Net Sales: $2,470.56
    • Current Active Listings: 268
    • Total Fixed Price Listed Items: $9,759.59
    • 100% Positive Feedback: 58 Reviews/Feedback
    • 100% Upload, Track, and Shipping Time
    • Sales Conversion: 1.8% (*was up to 3%, fluxuating)


    Due to having sold a few higher priced items over the past 2 weeks... our seller cost this month dropped from 38% to 27.5% which means bigger profit margins.

    Also, net sales jumped 89.3% this month and our average item per sale jumped from (our annual average sale - which is still $28.01 per sale) to $46.59 this month...

    Yes, these stats are largely inflated, as we sold a pair of Air Jordan's for 1500% gains... and turned a $20 buy into $307 profit, our biggest flip yet... the ROI (15X) on that sale is just mindblowing!!!

    Our average ROI is 500% (5X) after ALL costs, fees, and acquisition of goods...

    Which has me THINKING;

    While we are just shy of having $10,000 in Fixed Price Listings... with at least another $10,000+ in inventory to be listed...

    That $1500 we invested from donating plasma is now over $20k in merchandise... AND, we haven't spent a penny out-of-pocket since - eBay is fueling eBay 100% NOW! <--- I like it when business pays for itself!!!

    I'm tempted to run a Storewide 20% or 25% OFF SALE on EVERYTHING... from Now - New Year's... we can't possible lose money at this point (*unless we quit) and the inventory is starting to find us nowadays, there's deals EVERYWHERE that we can easily Sell (1) and buy 3-5 more items.

    Even though we're 6 months in and total year-to-date sales are just under $4,500 to date...

    My focus still remains on the fact; we've turned $1500 into over $20,000+ in product/inventory.

    So, even "IF" we let that inventory go for 25% less than our current "Fixed Price Listings" - it will still 10X our initial $1500 investment!!!

    Although, it is still 8 months away (*August 2023)... that goal to have $50k on-hand seems "almost too good to be true" - but, I now know, and definitely believe; "we'll have over 6-figures in inventory, even if we miss the mark on having that "$50k Working Capital on -hand".

    Thus, all the signs suggest; it WILL HAPPEN, as time compounds and the listings (offers) grow... and in-turn our experience and sales are growing.

    It's almost hard to believe we've made 160 sales online already... to some that's a good day online... but, to have that "cha-ching" notification while shopping, working, and doing other things.. it is becoming highly addictive... and, since I describe everything, very few messages, questions, or customer conflicts have taken place, just "lick it, stick it, and ship it!" and...get paid...I love this ad-venture!

    To be continued...
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    • Profile picture of the author toysoldier80
      Amazing journey. Kind of makes me want to look into it more with the potential 300% in return. Ebay definitely doesn't sound dead if your already in profit with much more inventory to sell. Sounds like you're an expert even with merchandise selling in local stores. Almost sounds like those stores take advantage of not having a department store like Walmart nearby. The gas station took advantage of visitors from out of town thinking they are getting merchandise for a slight mark-up, instead the gas station is severely overcharging on purpose. Probably one or two purchases puts them in profit.
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      • Profile picture of the author art72
        Originally Posted by toysoldier80 View Post

        Amazing journey. Kind of makes me want to look into it more with the potential 300% in return. Ebay definitely doesn't sound dead if your already in profit with much more inventory to sell. Sounds like you're an expert even with merchandise selling in local stores. Almost sounds like those stores take advantage of not having a department store like Walmart nearby. The gas station took advantage of visitors from out of town thinking they are getting merchandise for a slight mark-up, instead the gas station is severely overcharging on purpose. Probably one or two purchases puts them in profit.
        Well... I am far from being an expert just yet... but, I am constantly researching and learning how retailers and liquidators move more inventory. However, despite the fact; our average profit has been 450% - we are not moving nearly enough inventory.

        Perhaps, our margins (and pricing is too high), maybe we are selling too many common products that other resellers are offering at lower pricing, or maybe it's the current status of the economy dictating the slow crawl in sales...that I still DO NOT know...

        As mentioned prior, if we wanted to move inventory quicker, we have a lot of room to lower pricing, but thereto, in the arena we are currently selling, our average sale is $25 - $28 and most of the items sold we acquired for $1,$2, or $3 on average.

        The hardest part to date has been learning the MATH... the shipping and seller fees by far eat up 35% -40% of our selling costs... the cheap part is the acquisition of goods and the little we spend on shipping supplies... which is less than 5% of most sales.

        So if we sell $10K in goods, we can expect to clear (at or around) $6,000 - $6,500 in profit.

        Since, we are not taking money out (or getting paid... YET) and we are 'rolling' those profits back into inventory - the goal is within reach, provided we can start generating more consistent sales and run through our inventory quicker.

        Either way, this journey began with $1500 (out-of-pocket) and to date we have $10k listed on eBay and another $10K+ to be listed... we'll in range to actually see 1000% returns (ROI) - IF we can sustain the current economy...

        And, the whole point of building this store, was to do just that... have a CHUNK of working capital to be able to scoop up the deals as people are clearly abandoning ship, as inflation has a lot of people reserving their spending on necessities over their typical spending habits...

        Good lessons to be learned either way...
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    • Profile picture of the author DWolfe
      Art how much does it cost to get those Air Jordans sent out to be verified? Is there a paper trail about where they came from?

      The person who almost lost the unit in an auction may have paid up this month. However, they may still have financial trouble and miss a payment in the next few months. That would cause it to go to auction again. It would be pay to keep an eye out for it.

      "TODAY we've sold $332.74" That's a nice payday! "Average profit per item: Over 450%" Nice!
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      • Profile picture of the author art72
        Originally Posted by DWolfe View Post

        Art how much does it cost to get those Air Jordans sent out to be verified? Is there a paper trail about where they came from?

        The person who almost lost the unit in an auction may have paid up this month. However, they may still have financial trouble and miss a payment in the next few months. That would cause it to go to auction again. It would be pay to keep an eye out for it.

        "TODAY we've sold $332.74" That's a nice payday! "Average profit per item: Over 450%" Nice!
        The Jordan's we acquired for $20 at our old 'honey hole' thrift store, so we have proof of acquisition.

        To get them authenticated ranges from $3 - $10 online through trusted networks that work with GOAT, StockX, and other high volume platforms... (outside of eBay! ) - which happens to be; ONE of the markets I want to serve... old school Nike's, Jordan's, Converse's, Van's, DS items and name brand sneakers... there IS money to be made in those markets, for sure!

        It's almost insane what people will pay for those old dead stock items... but, I think it's cool - nearly every generation finds these items VALUABLE!

        We're still working out where the value is today...and, this economy isn't exactly making it as easy as it was (or as it appeared to be) a few years ago!

        As far as the auctions, we're looking to pick up a few of those this coming year and watching (*researching) the costs within a 150 - 200 mile radius!

        And, yes... the local storage facilities usually TRY to work with people, but eventually... if those units go 'unpaid' there are 100's of them being sold online every month!

        Absolutely, keeping a watchful eye on acquiring more BULK for less risk!
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    • Profile picture of the author Kay King
      as the excitement fades

      I don't think you are greedy - but at times I think you invest too much emotion in what is a business endeavor. I thought that with the shoes ebay said were not authentic. You may disagree (I probably would) and spend a little time being angry (I'd do that, too) - but then you have to move on to the next listing.


      What impresses me most about your path here is that even though you get angry and frustrated and question what you are doing - you keep going. That tells me that you are super focused even though you stray off path once in a while.


      There is nothing really 'wrong' with being emotional except it uses time and energy you can spend on listing/selling.
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      • Profile picture of the author art72
        Originally Posted by Kay King View Post

        I don't think you are greedy - but at times I think you invest too much emotion in what is a business endeavor. I thought that with the shoes ebay said were not authentic. You may disagree (I probably would) and spend a little time being angry (I'd do that, too) - but then you have to move on to the next listing.
        Yes, I tend to get too attached (*emotionally connected) - especially, when it comes to the creative process, setting certain expectations, and when money is on the table... something I still need to learn, is to "let go" of the stuff I cannot control.

        Originally Posted by Kay King View Post

        What impresses me most about your path here is that even though you get angry and frustrated and question what you are doing - you keep going. That tells me that you are super focused even though you stray off path once in a while.
        Thanks, it has definitely 'brought a few things to light' sharing this journey publicly, and despite gaining insight (*and feedback from others) - it's revealing both my strengths and my weaknesses. At least now, I'll know (or am being made aware of) what areas need less attention, and which areas to stay focused on.


        Originally Posted by Kay King View Post

        There is nothing really 'wrong' with being emotional except it uses time and energy you can spend on listing/selling.
        Indeed... and, I can think of a few business deals that 'went south' in my past, having let my emotions (*feelings) get in the way of business.

        So yeah, an area I definitely need to pay closer attention to... or... in the instance of the Jordan's, not waste time over trivial matters and getting 'worked up' over what in the long run is pennies compared to the bigger vision.

        For the record, I appreciate you encouraging me to start this thread (amongst others here...) documenting this journey has revealed a lot, and will likely shape one or more future offerings as a result.
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    • Profile picture of the author DWolfe
      Art. First off you are doing great with documenting this Path. Plus letting us follow along on your Journey!


      Maybe this will help you out some. Below highlighted are several comments you made about 3x returns on investment. Notice what you keep repeating, your high return on investments. I think you have identified your problem, but you may be fighting yourself.
      If your prices are way above the 3x times as suggested. Your inventory is not going to turn over as fast. You might need to do a little self-reflection to follow the 3x rule.

      On another note. You may want to stop paying attention to what Chris is doing. His methods and style are different than the 3x method. There are multiple YouTubers and influencers out there teaching different methods. Stick with what you already doing.


      Originally Posted by art72 View Post

      ..

      Just shy of a 2400% ROI

      Whilst I have had far bigger paydays working and remodeling homes and such... I find landing this 23.91% ROI - is just mind blowing!!!

      .
      Originally Posted by art72 View Post

      In reflection of the past 6 months or so

      the only thing that I can imagine needing work is; our PRICE POINTS!


      His philosophy is much different than that which savidge4 teaches and the mindset I am trying to maintain with an average ROI of 300% or 3X after all seller costs, shipping, and in turning a $1 investment into a $3 return.

      Right there, I now see part of our problem in being STUCK in a (1) sale per day algorithm, as I have repeatedly stated we are seeing 450% - 600% ROI's for nearly all the sales we've made to date. Sure, that is amazing and all, and it feels to good to see those types of returns on one's investments....


      I will admit to having set my expectations higher, and in doing so, it has been a bit of an emotional rollercoaster,

      The 3X model is far more a superior teaching in my opinion, as most beginners will not be able to withstand investing $100 to get back $120, as most beginners are not moving a truckload or warehouse full of inventory, as people like Chris do... neither approach is wrong per se.

      As I've mentioned several times (*not to brag) that we've seen a steady ROI ranging (*on average) between 450% - 600% and as much as I love those ROI's - it has become quite obvious, the longer we have to wait to sell our inventory, the more it costs to store that inventory in our warehouse, and in-turn the less we'll make in the long run!

      So I have decided to reevaluate my approach, lower our PRICING to that 300% (or 3X) bottom line, and although, I will still be listing name brand apparel, I too must agree that there is so many seller's that follow teachers like Chris, that it is becoming rather obvious WHY our items seem to be slow to sell.


      (*We are still deadset on trying to maintain the 3X model savidge4 teaches) as I am neither a fan of spending $1 to get back $1.20 - and, I may have to focus our attention on markets outside the name brand apparel - or in the least, mix up our future listings to include a wider variety of merchandise outside of just clothing, as it does appear to take longer to sell, and being competitive against those dumping larger quantities (*cheap) is difficult to compete with and not too efficient, if we have to deduce pricing to less than 2.5X - 3X ROI's.

      I mean, we still make good on every sale...and, I can lower pricing and still be in 2.5X - 3X ROI's, no doubt.

      I personally wouldn't be upset taking 1.5X or even 2X on items listed for 5-6 months, as I'd prefer to be rid of those items quicker, and find better items with faster turnover rates.


      To be continued...
      Originally Posted by art72 View Post


      I know with great accuracy what we acquired each item for at costs... and, having gained experience with the shipping costs... it is not that difficult to weigh our costs against our weekly payouts, and know with confidence we've exceeded the 3X model... indicating a stubbornness to let items go at that 300% target ROI.

      Thus, I believe our pricing is not competitive enough to move the inventory quicker!!!




      So... the problem is most likely "our pricing"
      - I'd say that is 80% of the problem right now and 20% is likely due to poor images and our photos...especially; the main photo.
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      • Profile picture of the author savidge4
        Originally Posted by DWolfe View Post

        If your prices are way above the 3x times as suggested. Your inventory is not going to turn over as fast. You might need to do a little self-reflection to follow the 3x rule.
        The 3x is really a minimum... if you buy an item that at "Market" is selling for $200 and you only pay $5.00 for it... I am in no way suggesting selling for $15.00. So yes, you end up with items that have stupid silly ROI. Buying for $5.00 and selling for $350. or recently we got a bunch of printers that we paid $15.00 each for and they sold for $600.00 each.

        The game here is understanding what you pay for an item in relation to how much the eBay market is bearing. Unlike any other platform the tools are there to see this specifically - not only how much an item sold for... but how many across the last 90 days.

        Like I keep saying eBay allows you to take the YOU out of the buying process... and you should only be buying based on the Data that is available. If the return is greater than 3X more power to you... if the return is less than 3X simply dont buy. If the item has not sold in the last 90 days, dont buy.

        In theory... you should be passing on items more so than you are buying
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      • Profile picture of the author art72
        Originally Posted by DWolfe View Post

        Art. First off you are doing great with documenting this Path. Plus letting us follow along on your Journey!
        Thanks, I am starting to see where there is value in documenting this journey, for sure. I could definitely start framing out a premium report, and the only thing stopping me from doing that sooner is ; I would like to get our sell-through rate and sales conversions up to par first... basically, walk-the-walk before putting on the professor's cap, so to speak.

        Originally Posted by DWolfe View Post

        Maybe this will help you out some. Below highlighted are several comments you made about 3x returns on investment. Notice what you keep repeating, your high return on investments. I think you have identified your problem, but you may be fighting yourself.
        If your prices are way above the 3x times as suggested. Your inventory is not going to turn over as fast. You might need to do a little self-reflection to follow the 3x rule.
        Yes, I started noticing the pattern a few weeks back, and it's almost become a necessity to 'convince myself' that in order to scale this model, it is most certainly suggests; we may be over-pricing some items (*especially, clothing) which is likely holding us back from moving merchandise faster.

        In that same breath, we sold (2) items today... (1) was acquired in the storage cleanout (a Christian Audigier women's t-shirt) that sold quickly for $34.95 - and a H by Halston long-sleeve women's top for $19.00 that one took 5+ months to sell...

        The greater concern right now with *300 items listed - selling *30 items per month, is too long to burn through our inventory... certain items, I don't care if it takes a year to sell, but the rising costs of storage will eat our profits up, if we do not get the inventory moving quicker, for sure.

        I think we priced the Christian Audigier shirt at mid-range and the right buyer showed up quick, whereas, the H by Halston shirt - I feel we should have priced it lower, and it would've sold much faster.

        Originally Posted by DWolfe View Post

        On another note. You may want to stop paying attention to what Chris is doing. His methods and style are different than the 3x method. There are multiple YouTubers and influencers out there teaching different methods. Stick with what you already doing.
        Absolutely, I mean I do follow him and he is an encyclopedia of good information... again, his selling model is different than the 3X model. Plus, he has 100's (*possibly 1000's) of people "paying to learn from him" as well... so, he's earning on YT, selling a premium membership/course, and has multiple streams of income, I get that too... nothing wrong with that philosophy! That may be another reason he can sell items cheaper and move more quantity at lower profit margins....as that is just ONE of his income streams.

        I sincerely feel he is cloning his model to sell more volume for less money; but... he also teaches people to seek a $10 - $20 profit margins as well, so not all of his teaching is strictly wholesaling tons of merchandise on seller platforms (*outside of eBay) for those 20%-30% returns... seems to be his main sales approach on What Not auctions though!

        The other issue is; I have been SLOW to list new items, so that too is likely causing a disruption in our click-through rates and keeping the daily disciplines up to par... with 194 items sold, I should be listing at least 2 items for every one sold.
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    • Profile picture of the author savidge4
      Facebook Marketplace

      I use this all the time. There is only so much you can sell on eBay and the rest I primarily sell on Facebook Marketplace or the maybe not so occasional "Garage sale".

      Same with eBay when there is a platform there is a formula to an amount of consistent success.

      Pricing on Marketplace:

      As an example you get your hands on a very lightly used Nordic Track Stair Stepper. Forget the fact it is "Worth" $1000 new, and SHOULD be worth say $800 "slightly used". The market value of this item is going to be the value of a NEW least exmpensive brand you could get at say Walmart.

      You can goto Walmart and buy a stair stepper for say $300... your $1000 Nordic Track stair stepper will pretty much only sell for $300. the logic here is people ( the consumer ) want a stair stepper, and are looking for a better model at the same entry level price.

      Recently sold a $3800 "new" french door refrigerator for $600. This is because you can by a french door refrigerator for say $1000. so a used $1000 refrigerator would sell for 5 - $600.

      When you trying to figure out pricing you can do a search for the item you are selling and look at listings. The piece of data you want to look for is the amount of time listed IE 1 week, 16 weeks etc. If an item doesnt sell in a week - I will actually wait for the 7 days - start dropping the price until its gone. and you can go into your listings and see the number of views the item has received. you will know - when you have hit the sweet spot.

      The listing:

      Include dimensions ( LxWxH ) for anything and everything pretty much - like mattress' and tables and furniture in general - EVERYONE knows what size a queen mattress is... you WILL get asked what the dimensions are ( people that KNOW they have the budget and space for a full bed looking for bigger and better ).

      The background of the photo is not so important here - because of the bigger items - but little to no clutter - just the iem you are selling and yes a white background here will help in sales.

      Use a video of something that may require one. A lawnmower -see it starts on the first pull, or some electronic device - see it turns on and functions

      Selling appliances? always include the product tag that has the model number and serial number.

      Titles:

      Titles on facebook generally SUCK... been looking for washer dryers lately - and 90% of all listings are just that "Washer Dryer" which SUCKS when looking for "Stackable Front Load with Gas Dryer" Add the brand into something like that and you have a winner Title - "GE Stackable Front Load with Gas Dryer"

      Marketplace Fees:

      When you are selling locally... there are NO FEES. Once you use the shipping option Facebook does collect a 5% FEE

      Marketplace shipping:

      Its a bit on the spendy side ( BUT EASY ). it is broken down into less than a pound1-2 pounds 2-5 lbs kind of thing.

      There is money to be saved herer by using an outside label ( Pirateship ) if you understand what type of shipping would save you money IE Region A boxes or flatrate bubble bags etc

      My hot take on ADS... NO NO and NO... there is really no reason for them, your product will get "Reach" My wife gets on from time to time and sells craft item lots... and we have sent them to California, Idaho, Texas - all over. As much as Marketplace is a "Local" centric marketplace people WILL FIND items outside their market area.

      Facebook Store... if you are selling one off items like a bed frame or a couch or a set of drums DO NOT get into the whole store thing... no need to. Just get the app ( facebook ) on your phone, Bottom left click "Marketplace" upper left click "Sell" and then the pretty blue box in the top middle "Create Listing"

      Yes We do operate a "Store" but it is filled with craft items that Ern creates and keeps stock on items with - the stuff I sell in general... I only get one of and DO NOT use a steore listing to sell the item.

      Questions? I am right here.

      And remember... think Wine Taste on a Beer budget ( thats who you are selling to ) and Title Photos and Price make the world go round!

      Hope that Helps!
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      • Profile picture of the author art72
        Originally Posted by savidge4 View Post

        Facebook Marketplace

        I use this all the time. There is only so much you can sell on eBay and the rest I primarily sell on Facebook Marketplace or the maybe not so occasional "Garage sale".

        Same with eBay when there is a platform there is a formula to an amount of consistent success.

        Pricing on Marketplace:

        As an example you get your hands on a very lightly used Nordic Track Stair Stepper. Forget the fact it is "Worth" $1000 new, and SHOULD be worth say $800 "slightly used". The market value of this item is going to be the value of a NEW least exmpensive brand you could get at say Walmart.

        You can goto Walmart and buy a stair stepper for say $300... your $1000 Nordic Track stair stepper will pretty much only sell for $300. the logic here is people ( the consumer ) want a stair stepper, and are looking for a better model at the same entry level price.

        Recently sold a $3800 "new" french door refrigerator for $600. This is because you can by a french door refrigerator for say $1000. so a used $1000 refrigerator would sell for 5 - $600.

        When you trying to figure out pricing you can do a search for the item you are selling and look at listings. The piece of data you want to look for is the amount of time listed IE 1 week, 16 weeks etc. If an item doesnt sell in a week - I will actually wait for the 7 days - start dropping the price until its gone. and you can go into your listings and see the number of views the item has received. you will know - when you have hit the sweet spot.

        The listing:

        Include dimensions ( LxWxH ) for anything and everything pretty much - like mattress' and tables and furniture in general - EVERYONE knows what size a queen mattress is... you WILL get asked what the dimensions are ( people that KNOW they have the budget and space for a full bed looking for bigger and better ).

        The background of the photo is not so important here - because of the bigger items - but little to no clutter - just the iem you are selling and yes a white background here will help in sales.

        Use a video of something that may require one. A lawnmower -see it starts on the first pull, or some electronic device - see it turns on and functions

        Selling appliances? always include the product tag that has the model number and serial number.

        Titles:

        Titles on facebook generally SUCK... been looking for washer dryers lately - and 90% of all listings are just that "Washer Dryer" which SUCKS when looking for "Stackable Front Load with Gas Dryer" Add the brand into something like that and you have a winner Title - "GE Stackable Front Load with Gas Dryer"

        Marketplace Fees:

        When you are selling locally... there are NO FEES. Once you use the shipping option Facebook does collect a 5% FEE

        Marketplace shipping:

        Its a bit on the spendy side ( BUT EASY ). it is broken down into less than a pound1-2 pounds 2-5 lbs kind of thing.

        There is money to be saved herer by using an outside label ( Pirateship ) if you understand what type of shipping would save you money IE Region A boxes or flatrate bubble bags etc

        My hot take on ADS... NO NO and NO... there is really no reason for them, your product will get "Reach" My wife gets on from time to time and sells craft item lots... and we have sent them to California, Idaho, Texas - all over. As much as Marketplace is a "Local" centric marketplace people WILL FIND items outside their market area.

        Facebook Store... if you are selling one off items like a bed frame or a couch or a set of drums DO NOT get into the whole store thing... no need to. Just get the app ( facebook ) on your phone, Bottom left click "Marketplace" upper left click "Sell" and then the pretty blue box in the top middle "Create Listing"

        Yes We do operate a "Store" but it is filled with craft items that Ern creates and keeps stock on items with - the stuff I sell in general... I only get one of and DO NOT use a steore listing to sell the item.

        Questions? I am right here.

        And remember... think Wine Taste on a Beer budget ( thats who you are selling to ) and Title Photos and Price make the world go round!

        Hope that Helps!
        The drum sets and speakers this guy has are mostly all top of the line. My take was to sell them locally via; FB Groups - and local groups that allow people to post in say a 100-mile radius for local pick-up, no shipping required.

        He knows about Reverb's platform, and didn't want to go that route due to the fact; there's currently 10,000+ drum sets listed, and he feels his will be lost in a sea of listings.

        The other issue with helping him sell is the liability and amount of responsibility I am willing to accept... I cannot sell his stuff, collect the money under our account(s) without risky possible returns, refunds, charge backs or the higher risk of handling the payments... as it would make little sense to us, to put our finances at risk in the event of an unsatisfied buyer - as that could "lock-up" our funds - And, the 10% - 15% commissions we'd earn would leave 85% - 90% of the responsibility falling on us (*our bank account on file) as the potential "holds on funds" could cripple us and our reputation.

        If we sell a $3500 Vintage drum set... get paid, and then the buyer chooses to refund or do a chargeback... he needs to have his account on-file not ours.

        I'd be lying if I have a clue how much it would cost to send an 8-piece drum set through the mail... I see people doing it, and they set shipping between $400 - $500 in most listings.

        Again, I suggested he sell them locally, he doesn't believe they'll sell fast enough if we only target a 100 mile radius... and wants to list them Nationally (*throughout the U.S.) - which I wasn't sure IF that requires a FB Store/Shop set-up?

        Thereto, he was deadset on having the secure FB checkout page, where FB provides the cart, billing, and Financials of a secure (*SSL) checkout page... and, a documented 'money trail' for lack of a better word.

        Items that are under $200 and easy to ship Nationally or even Globally (*like on eBay) that wouldn't be a big deal, even in the event a buyer requests a refund and the funds get put on hold... but, anything of larger value, I feel it would be ignorant for us to take on any further obligations (*or risk) since we are only trying to generate leads and sales for his items.

        He doesn't mind fielding the calls or questions... whereas, he thinks; "less is better" - I employ what you teach, list all the specs, use more photos, define the items thoroughly...

        He explains it as follows; people searching for a 22in cymbal "should know what they are buying" and do their own research online, YT, or do their own homework...

        I disagree, people are lazy, ignorant, and as you outlined above want to know the weight, dimensions, color, brand, and as much as possible....

        This gentlemen thinks we are fishing and just wants to dangle the worm... I'm not sure he grasps the concept "in reverse" to wit; less questions, less friction, less dealing back and forth in my opinion is a smoother sales flow and approach!

        I may "back out" of this whole deal, as the "Time suck" is already growing... and, we haven't even started listing his items yet.

        Truth be told, the 10% - 15% is not the motive to help him. So much as learning FB Marketplace for ourselves, in the event we continue to do clean outs and local auctions - as there there will be washers/dryers, beds, mattresses, and furniture that we will not sell online - or - specifically; on our eBay store.

        I do appreciate iate the insights you shared above... and I am looking to start a test on FB Marketing this week for a few of our items - then, consider building his account, and operate as an admin only - under his account. If he doesn't agree to those terms, we cannot help him.
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        • Profile picture of the author savidge4
          Originally Posted by art72 View Post

          The other issue with helping him sell is the liability and amount of responsibility I am willing to accept... I cannot sell his stuff, collect the money under our account(s) without risky possible returns, refunds, charge backs or the higher risk of handling the payments... as it would make little sense to us, to put our finances at risk in the event of an unsatisfied buyer - as that could "lock-up" our funds - And, the 10% - 15% commissions we'd earn would leave 85% - 90% of the responsibility falling on us (*our bank account on file) as the potential "holds on funds" could cripple us and our reputation.

          If we sell a $3500 Vintage drum set... get paid, and then the buyer chooses to refund or do a chargeback... he needs to have his account on-file not ours.

          I'd be lying if I have a clue how much it would cost to send an 8-piece drum set through the mail... I see people doing it, and they set shipping between $400 - $500 in most listings.

          Again, I suggested he sell them locally, he doesn't believe they'll sell fast enough if we only target a 100 mile radius... and wants to list them Nationally (*throughout the U.S.) - which I wasn't sure IF that requires a FB Store/Shop set-up?
          Im going to be quick to the point here... sell the things locally and for CASH and all of the liability and returns and lack of knowledge shipping and all of that disappears.

          I drive hundreds of miles to buy items off of facebook marketplace. People drive hundreds of miles to get stuff from me forget the whole 100 mile radius thing... your listing get placed higher paced on proximity but as the end user scrolls other further away option will appear.

          And again with the "Quickly" - if the items are not listed at least somewhere how quick is that going to sell? List them on his Facebook - take the photos for the guy, help write the listing and walk away - because selling stuff YOU are not in possession of SUCKS.

          "Can I get it tonight? turns into "let me check" "oh the guy that has them for sale isnt available, how bout tomorrow?" your basic cluster flip.

          Put the items in your hands and deal with it - or dont deal with it at all - it really is that simple.

          Just looking up drum sets for giggles there are over 3500 listed on eBay and kick tons of sets for sale on Marketplace. I rolled across a 7 piece Ludwig set for $4000 about 2 hours away.

          It wont sell if it aint listed... and again all of the liability etc goes away when you sell on facebook.. because its all cash bro
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        • Profile picture of the author GordonJ
          MAY BE WRONG.

          Here is my experience with these folks>>>including my late brother....they just can't and won't send it down the road until it gets the VALUE they T H I N K it has. This guy isn't going to settle for fast cash, he has in his mind, a "worth". And he'll be damned before he "gives it away for less" than that mythical value.

          Be smart, you're about to enter a time sucking QUICK SAND, which could get you bogged down. Even now, YOU think 15% of what he thinks is the value, is worth your time.

          Get a minimum price he'll accept in writing if you continue, and if it exceeds market value, wish him well with his fishing.

          Maybe another lesson. I had to end my business relationship with my brother because of this. In buying and selling, CIRCULATION BEATS storage 364 days a year. I had to learn how to say NO to family and friends, which was hard at the time, but one of the best things I ever did. Helping is a drug, just say no. (Unless of course you really like helping, then at least you go into it eyes wide open).

          GordonJ





          Originally Posted by art72 View Post

          The drum sets and speakers this guy has are mostly all top of the line. My take was to sell them locally via; FB Groups - and local groups that allow people to post in say a 100-mile radius for local pick-up, no shipping required.

          He knows about Reverb's platform, and didn't want to go that route due to the fact; there's currently 10,000+ drum sets listed, and he feels his will be lost in a sea of listings.

          The other issue with helping him sell is the liability and amount of responsibility I am willing to accept... I cannot sell his stuff, collect the money under our account(s) without risky possible returns, refunds, charge backs or the higher risk of handling the payments... as it would make little sense to us, to put our finances at risk in the event of an unsatisfied buyer - as that could "lock-up" our funds - And, the 10% - 15% commissions we'd earn would leave 85% - 90% of the responsibility falling on us (*our bank account on file) as the potential "holds on funds" could cripple us and our reputation.

          If we sell a $3500 Vintage drum set... get paid, and then the buyer chooses to refund or do a chargeback... he needs to have his account on-file not ours.

          I'd be lying if I have a clue how much it would cost to send an 8-piece drum set through the mail... I see people doing it, and they set shipping between $400 - $500 in most listings.

          Again, I suggested he sell them locally, he doesn't believe they'll sell fast enough if we only target a 100 mile radius... and wants to list them Nationally (*throughout the U.S.) - which I wasn't sure IF that requires a FB Store/Shop set-up?

          Thereto, he was deadset on having the secure FB checkout page, where FB provides the cart, billing, and Financials of a secure (*SSL) checkout page... and, a documented 'money trail' for lack of a better word.

          Items that are under $200 and easy to ship Nationally or even Globally (*like on eBay) that wouldn't be a big deal, even in the event a buyer requests a refund and the funds get put on hold... but, anything of larger value, I feel it would be ignorant for us to take on any further obligations (*or risk) since we are only trying to generate leads and sales for his items.

          He doesn't mind fielding the calls or questions... whereas, he thinks; "less is better" - I employ what you teach, list all the specs, use more photos, define the items thoroughly...

          He explains it as follows; people searching for a 22in cymbal "should know what they are buying" and do their own research online, YT, or do their own homework...

          I disagree, people are lazy, ignorant, and as you outlined above want to know the weight, dimensions, color, brand, and as much as possible....

          This gentlemen thinks we are fishing and just wants to dangle the worm... I'm not sure he grasps the concept "in reverse" to wit; less questions, less friction, less dealing back and forth in my opinion is a smoother sales flow and approach!

          I may "back out" of this whole deal, as the "Time suck" is already growing... and, we haven't even started listing his items yet.

          Truth be told, the 10% - 15% is not the motive to help him. So much as learning FB Marketplace for ourselves, in the event we continue to do clean outs and local auctions - as there there will be washers/dryers, beds, mattresses, and furniture that we will not sell online - or - specifically; on our eBay store.

          I do appreciate iate the insights you shared above... and I am looking to start a test on FB Marketing this week for a few of our items - then, consider building his account, and operate as an admin only - under his account. If he doesn't agree to those terms, we cannot help him.
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          • Profile picture of the author art72
            Originally Posted by GordonJ View Post

            MAY BE WRONG.

            Here is my experience with these folks>>>including my late brother....they just can't and won't send it down the road until it gets the VALUE they T H I N K it has. This guy isn't going to settle for fast cash, he has in his mind, a "worth". And he'll be damned before he "gives it away for less" than that mythical value.

            Be smart, you're about to enter a time sucking QUICK SAND, which could get you bogged down. Even now, YOU think 15% of what he thinks is the value, is worth your time.

            Get a minimum price he'll accept in writing if you continue, and if it exceeds market value, wish him well with his fishing.

            Maybe another lesson. I had to end my business relationship with my brother because of this. In buying and selling, CIRCULATION BEATS storage 364 days a year. I had to learn how to say NO to family and friends, which was hard at the time, but one of the best things I ever did. Helping is a drug, just say no. (Unless of course you really like helping, then at least you go into it eyes wide open).

            GordonJ
            HAIL HAIL to the wise who already knew how this chapter would end; "Stay friendly, but RUN AWAY!"

            Right there with savide4's statement; "if the items are not in your possession, walk away... cause selling other people's stuff SUCKS!

            It was inevitable - I had to withdraw from that entire deal.

            So, What's in your wallet?

            Their vacuum!!! (What a time suck!!!)

            It was as if; Dyson, Kirby, Hoover, and the Dirt Devil all arrived at Christmas to suck up TIME we don't have to waste!

            Pulling that hook out of my lip... screamed; Jack@$$!!!

            He baited me with that $700 drum kit for 7 hours work... then wasted 80 - 100 hours of my time, so another lesson learned!!!

            I think when someone does you a solid and provides too much value up-front, it generally leads to their expection(s) of a lifetime of favor(s) - this experience trying to help someone else (*being the Good Samaritan) nearly got me ran over...

            Total waste of 80+ hours... and the distraction itself was far more costly, as I lost focus on selling our stuff dealing with this other guy's BS.

            I politely withdrew - but blew the bridge faster than Hemmingway on that whole deal...

            I mean honestly - Even if I had sold $20,000 of his stuff for 15% that's (*a potential) earnings of $3000 over what 6 - 12 months, which is mere pennies compared to what I aim to build!!!

            He apparently thought my calculator was broken...

            Uh hello bud... we are pulling 300% - 2000% ROI's on 99% of the 214 items we've sold to date on eBay!!!

            How does a 15% ROI compare to those returns?

            It doesn't even come close!!!

            Which leads to another assessment - I started to believe our pricing may be too high as a result of the ROI's we've experienced -And, for a minute, I actually thought our pricing was the reason the sales have been slow.

            Now... I think the pricing is fine (*in most of the items we've listed)

            What does appear to be the bigger challenge is the # of items available/listed and, the fact we are still a "tiny fish" swimming amidst eBayer's with 1000's - if not 10's of 1000's of listings.

            Technsports... has over 40,000+ active listings, sells 1000+ items every day, and pulls $100k per week... Meanwhile, our pricing is lower - but he has sold nearly 200k items over 15 - 20 years... and has 18k followers to out meager 18 followers, lol.

            It takes TIME, and consistency, to build to those levels, no doubt... and he's retiring in 18 months as the daily grind, disciplines, and commitment at that level is 7 days a week... never miss the mark!

            He mentioned NEVER having taken a 2-week vacation... as it could potentially cost him $200k in revenue - and no vacation is worth losing $200k in 2 weeks... that's a reality to consider when YOU THINK about how big do you want to scale on eBay???

            In truth, I've only listed to date (*on average) 3 items per day...(*not exactly going all-in or flooding the store with more inventory as these numbers should be 10 - 30 items per day MINIMUM by now!!!)

            As a note to self...

            We have listed in total 526 items over 8 an month period...

            We have sold 214 of those items to date...

            (*And, in reality 60 - 90 of those days were lost to apprehensive (*stubborn behavioral patterns), doubts, and a lack of discipline to staying consistent!)

            So... the reality suggests;

            The brunt of the work we/I have done to date, spans 5 months, not 8 months as I have been in a "Tug of War" with staying the course... And, juggling a few other pursuits that have distracted my focus a wee bit!

            Hence, 5 months to list 526 items averages out to ONLY 3- 4 listings per day...

            To hit our target(s) those numbers need to increase, and we need to list MORE ITEMS, period!

            Lastly, we need to use the existing; knowledge, tools, and resources to focus on acquiring MORE ITEMS with more demand than the current listings, no doubt!

            I have isolated several items that have SOLD within the 90-day window, and have listed far less than much of what we've "blindly acquired"... for pennies!!! If not, freely in exchange for some time - doing cleanouts and such.

            When we gain a few hundred items from say a storage locker cleanout... we don't really get to choose the items we acquire and much of it is pure garbage... but, in that experience - we did sell $1000+ in items acquired for what amounts to 2 hours work + the TIME to prep, stage, itemize, photograph, and list those items...

            And that provided a $200+ per hour ROI, already... with a pile of stuff still not yet listed.

            I have spent roughly 60 hours this past week - reorganizing our listed inventory to a much better system and consolidated a ton of space!!!

            I too weened through 500+ items and widdled that pile down to 180 (or so) items to be listed...

            Which I am now compelled to list asap!

            And, until that pile is listed... I am not buying unless we stumble upon deals too good to pass up!

            Also, we decided the increase in storage rents is too much for what little area we need to store and maintain our current inventory... so, after this free month expires, we've already started clearing out that expense.

            My 05' Chevy Express Extended Van can hold 5X what we currently have in inventory in our storage unit...

            So, better to reinvest in tools (*lighting, photo boxes, etc) and buying better inventory... than to lose $300 per month to a non-essential rental.

            I realize now... just how stubborn I have been, and more importantly; WHY I chose to enter this arena...

            To break old routines and habits is the REAL REASON... second only to the desire to operate on my own time-clock... which is still a work-in-progress!

            I still think it's funny... I was pulling $1500 per week selling ice cream at 18-years-old... and this PROCESS (*and the ROI's) are nearly identical... only I've yet to fully commit to this venture as I did that ice cream truck!

            Soon enough... August will be here, that lends us 6-months to dial this thing in properly... and whether it produces $50k in the bank or not...

            There is far more potential aback of this venture... IF we stay on point!!!

            Lately, I've been juggling too may ideas and compromising both bigger opportunities and losing valuable time - playing with my food, instead of cultivating more valuable offerings, and over-flowing the storehouse!

            I think we'd all eat better if we SOW more seeds... and I see this like a farm - you have to survive those harsh winters and prepare early.

            I think $10k per month may take a bit longer than initially expected... but definitely doable in 1 - 2 more years!

            As much as I hate failing... I'm getting better at accepting it all boils down to how we choose to deal with those nuances that determines the outcome...

            Every time someone returns an item and states; "doesn't fit"... I want to teach them how to read a tape measure - for EVERY measurement they needed to know was included in my item description!

            Apparently, they ignored that part... I just gotta laugh at it and move forward.

            And, buy a punching bag to pound it out of the system.

            I think brute in me still feels like this is too easy, and old habits need to be replaced with a new exercise regimen - and I need a balance to exert the energy not being expelled sitting at the computer until my eyes bleed, lol.

            That may be my next venture... as I see plenty of people riding bikes, kayaking, and getting exercise... I used to save that energy for the work environment, as it was far more physically demanding than doing eBay.

            It feels lazy... and I have been too lazy lately!

            Time to tighten up... as I am losing my 6 pk abs, my boobs are drupin' and gravity isn't playing nice anymore, lol.
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            • Profile picture of the author DWolfe
              Originally Posted by art72 View Post


              He baited me with that $700 drum kit for 7 hours work... then wasted 80 - 100 hours of my time, so another lesson learned!!!


              When we gain a few hundred items from say a storage locker cleanout... we don't really get to choose the items we acquire and much of it is pure garbage... but, in that experience - we did sell $1000+ in items acquired for what amounts to 2 hours work + the TIME to prep, stage, itemize, photograph, and list those items...

              And that provided a $200+ per hour ROI, already... with a pile of stuff still not yet listed.



              So, better to reinvest in tools (*lighting, photo boxes, etc) and buying better inventory... than to lose $300 per month to a non-essential rental.
              Sucks to read about the time you wasted, but it happens to all of us. At one point in life.

              The $200.00 plus is a nice figure! Adding in getting rid of the $300.00 expense was a smart move. At this point go on Amazon and buy those lights and photo boxes. You can write them off as part of your business expense.

              Glad to see you update this thread. Started to wonder how you were making out.
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    • Profile picture of the author Kay King
      He baited me with that $700 drum kit for 7 hours work... then wasted 80 - 100 hours of my time, so another lesson learned!!!
      No one can waste your time unless you permit it....

      Helping is a drug
      That is so true and we've all fallen for it at some point....when someone asks for help or your opinion BECAUSE they believe you know more, etc....it strokes the ego. You want to be magnanimous and share your expertise...and fall for a time suck. Learning to say 'no' to people we like or are related to (or both) is not easy but it's often a good business practice.

      Art72 - I am amazed at your posts at times...you have learned so much and you clearly think your way through problems and analyze activities and results. If you followed a straight line of listing as many products as you can every single day I think you would perhaps move ahead faster....but your posts wouldn't be nearly as interesting....


      Every time someone returns an item and states; "doesn't fit"... I want to teach them how to read a tape measure - for EVERY measurement they needed to know was included in my item description!

      And THAT is why I will never sell clothing online... would take more patience than I have...
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      • Profile picture of the author art72
        Originally Posted by Kay King View Post

        No one can waste your time unless you permit it....
        I agree, and it's becoming a daily struggle to discern those who value other people's time - from those that knowingly (*or perhaps, unknowingly) waste other people's time with little or no mutual benefit.

        For years, I held true to a belief; "people deserve the benefit of the doubt" - but in my experience, also proves; "the doubt often outweighs the benefits" if you are dealing with clingy, demanding, or those archetypical people who love to micromanage other people for little gain to either party! RUN!!!

        I think some people 'get off' feeding their own ego's... as was so with the guy trying to sell his drum sets and music collection. He liked to hear himself talk, but showed little interest in hearing our advice! (*as we were warned could transpire into a time suck)... I'd rather suffer listing clothing for 500%+ ROI's than sell his items for a 15% commission!)


        Originally Posted by Kay King View Post

        And THAT is why I will never sell clothing online... would take more patience than I have...
        Ironically, that has been my greater challenge and it requires a HUGE amount of patience to list clothing - which again, was not my 1st intention - even savidge4 advocated against MOST clothing sales - due to the time and energy it requires.

        I think the fact, that we have steadily acquired clothing inexpensively, and the ROI's are actually higher than I expected - it has challenged me to continue selling in these markets... despite my own "lack of patience" - the positive feedback has helped, when people express their HAPPY with their purchase, which has significantly outweighed the returns and those who seemingly cannot read a tape measure, lol..

        Whilst, we are aiming to allocate smaller items and in bulk... I eventually will ween down the clothing and replace it with items that require far less time, energy, and effort to list...

        But continuing to list clothing has, and is definitely testing my patience, lol. (*which is an area I need serious HELP... right there with tolerance and forgiveness, as they ALL seem to be synonymous in both life and business!
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    • Profile picture of the author Kay King
      In that light, I noticed some very faint "burn marks" that were not immediately visible when I initially inspected the items.

      The buyer clearly attempted to blow torch (modify) the plastic frames to fit his head!!!

      That's a leap - is there a chance you didn't notice faint marks?



      Called eBay and after *30-40 minutes LEARNED a valuable LESSON...

      If you voluntarily issue a refund and eBay processes (*or has already processed) that refund...

      That does not surprise me - I would expect it to be the case, wouldn't you? Another lesson should be the time factor - how much is 30-40 minutes of your time worth. If the marks are 'faint' - can you lower the price and add photos showing the damage and perhaps still get a sale?
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      • Profile picture of the author art72
        Originally Posted by Kay King View Post

        That's a leap - is there a chance you didn't notice faint marks?
        No... the burn marks clearly weren't there in any of the pics I staged, so it's pretty clear the buyer attempted to modify the item.

        Originally Posted by Kay King View Post

        That does not surprise me - I would expect it to be the case, wouldn't you? Another lesson should be the time factor - how much is 30-40 minutes of your time worth. If the marks are 'faint' - can you lower the price and add photos showing the damage and perhaps still get a sale?
        I had the responsibility to inspect the items, so it doesn't surprise me eBay disavows a dispute after a volunteery refund is done on my end... what did surprise me was the customer was obviously determined to make them fit!

        We may be able to discount them... at this point I'd rather not re-list them.

        Again, moreover a post to WARN others to INSPECT returns before refunding, which I knew better... oh well.

        No biggie, we've sold in excess of $1200 of inventory from a 2 hour cleanout, and having just listed about 60 more from that unit -with another 100-120 items still remaining to be listed... we can eat that (1) loss!
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      • Profile picture of the author Kay King
        It sounds to me like the 'momentum' is gradually building for you. Success builds on success and I think your hard work is really starting to show...am I right?
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        • Profile picture of the author art72
          Originally Posted by Kay King View Post

          It sounds to me like the 'momentum' is gradually building for you. Success builds on success and I think your hard work is really starting to show...am I right?
          I sincerely hope so...

          It's been long overdue and a little slower of a start-up then we expected, and yet - there have been few examples I can recall that didn't require some time, energy, and effort to hit the bigger payouts... at any level.
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      • Profile picture of the author DWolfe
        Art since you are in Florida, you may have something like this in your area. Government auctions, they have monthly auctions of Government vehicles, computer equipment, and more. - https://discover.pbcgov.org/ofmb/thr...formation.aspx Plus they have bulk pallet sales.

        It's called the Palm Beach County thrift store, they have auctions once a month. They send out e-mails letting you know what goes up on the auction block.



        Hopefully, they are not beating you up to hard dismantling vehicles.
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        • Profile picture of the author art72
          Originally Posted by DWolfe View Post

          Art since you are in Florida, you may have something like this in your area. Government auctions, they have monthly auctions of Government vehicles, computer equipment, and more. - https://discover.pbcgov.org/ofmb/thr...formation.aspx Plus they have bulk pallet sales.

          It's called the Palm Beach County thrift store, they have auctions once a month. They send out e-mails letting you know what goes up on the auction block.



          Hopefully, they are not beating you up to hard dismantling vehicles.
          I'll be sure to look into those auctions further, thank you!

          And...

          Yes, the new gig has proven to be quite an intense physical workout, indeed. However, I made my 10 vehicle bonus in my 2nd week - which from what I've gathered, not too many people have hit that quota in their 2nd week!

          So far, I like the independent atmosphere and the incentives to earn more based on performance, as opposed to a flat salary or straight hourly pay - but it is definitely a process to wit; I've been wanting to learn something different, and my mechanic skills just went up 1000% already.

          I made a few hundred extra last weekend installing a radiator - so I may be "moonlighting" as a mechanic on the weekends more often as well - now that I've already invested about $1000 in tools.

          Honestly, haven't listed much on the store these past couple weeks - but we've still been making a few sales nonetheless, which is awesome hearing that "cha-ching" when sales come through...

          Time constraints has also lead to me printing my own labels (*finally) and dropping items off at a USPS blue box on my way to work.

          It's been an intense past few weeks!!! - but, I'll still be updating our progress (and intent) to keep this eBay store going/growing as well.
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          • Profile picture of the author GordonJ
            Art, here is something that might interest your wife or daughter, get paid to go thrift shopping.

            https://thriftingbustours.com/

            They are looking for people, and it sounds like a fun gig.

            GordonJ

            PS. This might be doable in other areas too, up North here, when the weather breaks.


            Originally Posted by art72 View Post

            I'll be sure to look into those auctions further, thank you!

            And...

            Yes, the new gig has proven to be quite an intense physical workout, indeed. However, I made my 10 vehicle bonus in my 2nd week - which from what I've gathered, not too many people have hit that quota in their 2nd week!

            So far, I like the independent atmosphere and the incentives to earn more based on performance, as opposed to a flat salary or straight hourly pay - but it is definitely a process to wit; I've been wanting to learn something different, and my mechanic skills just went up 1000% already.

            I made a few hundred extra last weekend installing a radiator - so I may be "moonlighting" as a mechanic on the weekends more often as well - now that I've already invested about $1000 in tools.

            Honestly, haven't listed much on the store these past couple weeks - but we've still been making a few sales nonetheless, which is awesome hearing that "cha-ching" when sales come through...

            Time constraints has also lead to me printing my own labels (*finally) and dropping items off at a USPS blue box on my way to work.

            It's been an intense past few weeks!!! - but, I'll still be updating our progress (and intent) to keep this eBay store going/growing as well.
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            • Profile picture of the author art72
              Originally Posted by GordonJ View Post

              Art, here is something that might interest your wife or daughter, get paid to go thrift shopping.

              https://thriftingbustours.com/

              They are looking for people, and it sounds like a fun gig.

              GordonJ

              PS. This might be doable in other areas too, up North here, when the weather breaks.
              That's a thing?

              No kidding, I would have NEVER imagined "thrifting bus tours" - interesting! Or... people earning up to $400 per day to host a tour, WOW!

              I just took her last weekend to a disability doctor 3.5 hours, and all they did was take a couple X-rays and put her through a series of "mobility exams"...

              She isn't moving too good these days... I think I took this new gig fearing, I was getting "out of shape" myself.

              Now that I'm making a few dollars again, we're not nearly as stressed out - I need to get her "working from home" somehow - she used to be super savvy on the phones and selling stuff...

              At least now I am making enough to cover the essentials and we've enjoyed some subtle luxuries (*beach, steak house for my daughter's 27th birthday, and a huge 5th birthday party last weekend for our grandson here at the house) - so things are progressively getting better...

              Up to (3) streams of income and still feel like I need to be "doing more" - funny how that fire never seems to be extinguished!!!

              I hope she gets approved for disability, but in reality - I'd rather re-light the fire she carried 5 - 10 years ago and get her back producing her own income.

              Time will tell... for now, I am staying busier than I have been in a while!
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      • Profile picture of the author Kay King
        Closing this Path thread due to lack of updates and response. If OP resumes his efforts toward the goals in this Warrior Path thread it can be re-opened by contacting a moderator.
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  • Profile picture of the author toysoldier80
    Sorry to hear your business has been slow. Sound like you understand why it's been lagging so I am sure the confidence is there to get your business back rolling again.

    I was definitely intrigued when I read you utilized the Warrior forum to start the business. You always hear of success stories starting from the forum, not as much as in the past, so its good to see this forum helping people in 2022.
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  • Profile picture of the author art72
    Naturally, after 6 months... we've learned an enormous amount during this journey and listening to a few seasoned experts who do very well with eBay (*and eCommerce) sales platforms...

    There seems to be a consensus amongst many that suggests; a lot of eBay sellers are giving up, going out of business, and throwing in the towel.

    I'm NOT quiting. We are still working on finding the "sweet spot" and learning about multiple niche specific markets.

    Chris at Daily Refinement has been predicting this next year being both s blessing and s curse... as even places like Goodwill have raised prices making it harder to find profitable items... but, thereto, they're dumping more inventory through pallets, bins, and liquidations... meaning; there are opportunities to buy those items in bulk (*cheaper) after they pull that inventory from their retail stores.

    Personally, we DO NOT have a problem finding amazing deals, or the ability to acquire items at lower pricing... that is the easy part.

    The hard part is burning through our inventory faster!!!

    I'm in no way, shape, or form attached to our inventory... in fact, we've reached a point, we could discount EVERYTHING 40% - 50% and still profit 2X...

    What concerns me is this...

    People like Chris (*Daily Refinement) are teaching people how to sell on eBay.

    BUT... He openly admits his "sweet spot" is based on earning 20% on items... where we are aiming for 300% or higher!

    If you could move $100 bills for $120 in bulk, sure... that's still a decent return, just as is buying a $1000 car, boat, or motorcycle and flipping it for $1200.

    I would be hard-pressed to THINK 20% profit could be a long-term winning strategy... unless, you are moving truckloads of inventory or wholesaling to OTHER resellers... which is what it appears Chris is no doing on What Not's "live auctions".

    To a newcomer just getting started, I think that model screams FAILURE... as most just getting started ARE NOT selling enough inventory to really sustain or compete against those WHO CAN move 1000x more inventory.

    I'm sticking with the 3X model (*$1 in - $3 out) and I think it'll require us to HUNT DOWN better deals (*even to the extent of finding $10 items - that will sell for $50 - $75 -or $100 per sale!

    Also... I am confident WE will need to start marketing "off platform" via; YouTube, TikTok, FB and maybe even start vlogging or documenting the journey via; blog or website this next year.

    I really wasn't expecting to have to have additional marketing in place when we began, now I believe that may be the deciding factor IF we succeed or fail in this venture... we're going to have to "DO MORE" to compete this next year!

    If the forecast of a recession remains throughout this next year (*2023) - we're really going to have to fully commit to "DOING WHATEVER IT TALES" or we may "get stuck" with a ton of inventory.

    Again... we're already "in profit" the new inventory is paid for... there's NO LOSING at this point... there is a silent fear though that we may not SELL everything for 3X, 5Xor 10X as people are focusing more on necessities, over the less-essential wants or desirable.

    We took the grandson to see Santa at the new "Lake & Trail" fishing store up the road... basically a gas station, fishing and apparel store, and a boat sales section...

    I took one look at their prices and "scoofed" - I wouldn't buy a single item from them... prices are way too high!

    $75 for a pair of surf shorts... $60 for a T-Shirt, and $3.00 for a candy bar or 20oz soda???

    No wonder their parking lot is a ghost town 99% of the time.

    I sincerely CANNOT fathom HOW they expect to sustain their overhead.... let alone PROFIT.

    This town has plenty of millionaires, like a few ranchers and dairymen that are billionaires... and the majority here struggle... I see it from "Top to bottom"

    But, IF these prices continue to rise on all essential and non-essential goods... I too a HUGE OPPORTUNITY to capitalize on these businesses that will either be liquidating their merchandise (*like Goodwill... which closed down here last year, and we just bought 10 items at a yard sale for 25% of what the Goodwill tags had those items priced at... obviously, the lady acquired a massive lot when they went out-of-business.

    So again, finding the DEALS is EASY... Now, we need to FOCUS on moving those goods faster... I'd prefer not to jump on Chris's bandwagon and SELL EVERYTHING for 20% - 40% over costs of doing business... I do not like that business model for small start-ups and newcomers.

    I respect everything he teaches, and he does know a ton about this business...far more than Terri or I.

    This next 8 - 12 month's will require much more research, focus, and discipline...

    And, I'm curios to see what the next 5 days holds after dropping our prices 20% on a Storewide markdown... our last sale produced $381.00 in sales... this should do better, but who knows... with much of our inventory being under $20 s it were..we're... we may change directions and start hunting $30 - $50 - and $100+ items more and cut-back on the lower hanging fruit.

    While, I don't want to do a full re-start on our store... I am noticing some of the newly listed items are gaining far more traffic than items we've had in stocks for over 4 or 5 months. I don't care if it takes a YEAR or longer to SELL at this point... so long as the payout afford us to hunt better merchandise.

    Again, we cannot lose at this point... the ONLY concern (*outside of staying profitible) is TIME.

    I could be watching Netflix... which is rare, I don't do much TV - aside the occasional movie to chill for an hour or two... the focus remains on business building!!! (*am I obsessed? OR... passionate?) BOTH, as I am determined to operate on my own clock!

    Lastly, I need to set aside 4 hours a day (*everyday) until that side hustle produces full-time income, until then... we have much to research, test, and LEARN!!!

    To be continued...
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  • Profile picture of the author art72
    On a positive note, one of the biggest challenges to stay committed to this journey has been to maintain FOCUS on the long-term goals, and overcoming the financial limitations we have faced in building some forward progress.

    Again, our sales numbers to date, haven't exactly earned us any bragging rights... BUT, the increasing value and compounding interest we've allocated in building up our inventory,; still fascinates me enough to continue this pursuit.

    Yesterday, I was 'out bid' on (3) larger auctions 133 miles from our location. Within those (3) warehouses being auctioned, there were 12 pallets (per warehouse x3), each containing 24 boxes per pallet. Each box contained 20 pcs (or individual units) - which equates to 480 pcs (or units) per pallet... X 12 pallets = 5,760 pcs (*units) that I estimated would RESELL for a minimum of $10 - $15 per item.

    Now, having been out bid on ALL 3 of these of these warehouses... is where the 'frustration dwells' - for YOU SEE, those (3) units SOLD for just under $1,000 each... and contained a potential ROI (*over time) of... 5,760 units x (*on the low end) $10.00 per sale = $57,600.00 per warehouse (X3 warehouses full of product) = $172,800.00 in reseller VALUE.

    I was quite depressed, as the other bidder's exceeded our budget and ability to "out bid' them!!!

    THIS is the WHY (the reason) we've elected to POSTPONE being PAID TODAY and entered this venture, to build 'WORKING CAPITAL'.

    We hear whispers of people who have the funds, financial stability, and privilege (*for lack of a better word) capitalizing on OPPORTUNITY(s) in these dire times... and it "makes sense" to start building that 'working capital' NOW... so, in the near and not so distant future - we WILL BE able to scoop-up those deals, as business owners, service providers, and contractors alike 'forfeit' their assets when the economy crashes.

    Now, mind you... we learned a few of these lessons ourselves... THE HARD WAY, as I reflect on the past, when the business STOPPED PAYING for ITSELF! -And, we went down faster than the Titanic!!!

    In fact, as I recall... we learned about local auctions, after forfeiting a warehouse of our own, and years ago; we not only recovered those loses - but, we made money and re-acquired 10X more, and we were just fooling around back then.

    We did not have the knowledge back then to utilize 'existing platforms' or the skills to leverage the internet to SELL MORE of the goods we had acquired - which ranged from collectibles, antiques, kitchen and household goods, and piles & piles of resalable goods we were acquiring for PENNIES on the DOLLAR!

    Today, as we revisit those prior ventures, it beckons the question; WHY did we stop buying and selling goods back then... And, the only answer is; we didn't have the knowledge, experience, or the means to MOVE the INVENTORY QUICKER.

    This year, SHOULD prove to be quite interesting, entertaining, frustrating, and FUN... as, I can identify a few markets, the research is becoming easier, and as I literally PUNISH MYSELF (*call it a self-disciplinary arse-whooping) - I find myself listing women's dresses, learning new popular brands, and markets alike... that 10-15 years ago... I would have told YOU that YOU were INSANE; "IF you thought there was MONEY to be had in these markets."

    I was WRONG then... and, it's just starting to become clear now... some of those markets I would have considered DEAD (*or worthless) are in fact; proving truth to some of my 20-year-old writings, that I've NEVER shared or perhaps believed I would ever share, as I am exploiting some of my own weaknesses in doing so HERE on this forum.

    Perhaps, this is WHY we have brilliant minded people here on the WF who have all but beaten the message home... concerning; the HUGE opportunities that 'sit idle, sit in wait, and the only thing missing was for the student, disciple, or person seeking such opportunities to accept the challenge, apply the action(s) consistently, and be PATIENT ENOUGH to see the long-term rewards.

    In this case, losing out on those (3) warehouses SERVED as a reMINDer as to WHY I am doing this, despite the meager $5,000 in sales we've made since June - July 2022 when we started this journey.

    Again, that $5,000 is peanuts in comparisson to the knowledge gained already...

    And still, I hesitate to advocate to another of just how rewarding the future may or might become for those willing to surrender, sacrifice, and make due (*without paying oneself) UNTIL the bigger payouts permit the bigger vision to come to fruition.

    Likewise, I SEE opportunities here, "Hidden in Plain Sight" within certain members signature files, that ALL BUT GUARANTEE; "if you follow this simple blueprint - you WILL get 'X' results".

    So thereto, I find myself still procrastinating under the (*foolish) belief; I am not yet qualified to orchestrate, organize, frame-out, and deliver on the PROMISES I intend to kjeep when I start compiling all this research, knowledge, and experience... and in-turn start OFFERING that information to others.

    I knew RIGHT from the RIP... eBay was teaching me something far greater than just selling wares online... little did I know then, what it is actually doing is rekindling that FIRE WITHIN to help align others with 'mutually benefitial' knowledge, tools, and resources to align them with all-in-which they seek.

    I have been 'playing with fire' since I can remember, and I learned long ago, the more you tempt yourself to explore beyond your 'comfort zone' or known circles, and venture off into exploring new paths... you can (*as Frank Kern says "expect to get your @$$-kicked a few times over, before you 'tap those oil wells".

    All these cliche's, metaphors, and guru mindset self-adorations and success stories... mean very little to me. Sure, I read ALL of Napoleon Hill's works a few times over, and can honestly say; "he borrowed the success of others to create his own fortune".

    Call it 'piggy backing' - 'mirroring' - 'copying' or whatever may suite your current mood and mindset, BUT there is something PULLING me AWAY from my old habitual routines, reliances, and even my mindset towards MONEY & FINANCES is changing (*and, has changed significantly) since entering this venture.

    But... it really isn't about WHEN we achieve that next milestone... or HOW LONG it'll take to complete this MISSION to build $50,000 - $100,000 in Working Capital... sure, that helps fuel the pursuit to some degree.... BUT, what truly matters, is heightening your perceptive views, increasing your conscious-awareness to just how much opportunity remains; "Hidden in Plain Sight" and, HOW willing YOU ARE to continue to 'get back up" after taking the proverbial @$$-whoopings we tend to distribute upon ourselves; primarily psychologically!!!

    IF you do not believe you deserve "X" - you may want to re-think your 'Y" - as I see it as a biological, mathematical, and probable equation of simply; "giving yourself permission" (*as oppossed to seeking those permissions, benefits, or rewards from others) - as we tend to seek approval, and in many cases I have studied, researched, and to an extent... 'blindly observed' - there are far too many documented cases to wit; once people accepted the challenge, invested in themselves, and ideally; given themselves permission (*and, perhaps some forgiveness to boot) they suddenly seem to accelerate and become drawn to success, like a moth to the flame.

    Now, I didn't intend to share my entire philosophical (and personal) renderings as to WHAT, WHY, or HOW someone else may approach their next pursuit, but... I am finding that much of the problems abroad stem from habit, conditioning, and the company we keep.

    Hell, I have been sedating myself, sabotaging the bigger dream, and procrastinating on going "all-in" on some projects for YEARS... WHY?

    What have I to lose at this point, outside of the self-admissions and in essence; feeding the 'pessimist within' and procrastinating to provide greater resolves to 'other people's host of problems' - we all have THEM; problems... I think they call it; "The Human Condition" - call it whatever toots your horn...

    But... despite mountains of humility, failures, and again, my own ignorance in THINKING everything should-be perfect, flowing, and up-lifting... it seldom ever is, especially, when you step-outside your comfort zones, habitual routines, and make a break for the next new milestone you seek to achieve.

    I sincerely WISH to have more respect for money... I have very little respect for the history and the making of money... it goes way back... to China actually, and in my mind - if the powers that be can leverage abundant and otherwise usless resources....UNTIL someone came (Or comes along) and places a VALUE to those NOTES... then, maybe we too should learn to reverse-engineer how money was made! (*Basically, from the minds and the imaginations of those who seized the opportunity to appoint the values those notes carry...and, at face value, even that fails to measure-up to simplistic formulas many here are teaching (*or TRYING to TEACH!)

    Right now... our store has FINALLY surpassed 300 ACTIVE LISTINGS... we've SOLD 177 items, once this buyer pays for his Dan Marino Jersey (*we acquired for free in an exchange, bartering, and brokering that storage locker deal).

    For nearly (3) weeks, I obsessed over eBay's (*SneakerCon) employees (*3rd party authenticators, and so-called experts) for having VOIDED our biggest sale, profit, and payout to date... and in-turn, eBay IMPLIED we (as sellers) would knowingly attempt to deceive the authenticator's, sell counterfeit Air Jordan's, and the sheer IGNORANCE of such an implication, almost caused me to effectively QUIT eBay!

    Truth be told, I do neither trust eBay's authenticator's (*SneakerCon employee's) are indeed (*experts) or qualified to be making executive decisions based on the one-liner we received regarding the "authenticity" of the 2012 Air Jordan's we SOLD.... and, then were (in essence) punished for Selling.... as eBay automatically sided with their (*incompetent?) 3rd party service provider's - whom, for what it is worth; admitted THEY (*the experts) "Cannot Authenticate Our Items" and triggered a rash of negative events...

    You see, the people hired to determine "IF" those 2012 Air Jordan XI Bred - Varsity Playoff sneakers were REAL? or FAKE? - basically responded with a "one-liner"; "cannot be authenticated" - in no way, shape, or form did they provide rhyme or reason WHY they could not authenticate, they failed to respond with any meaningful finding, reason, or fault within the product... they simply stated; "we cannot do our job - because we do not know if these are indeed real? or fake?"

    Yet, eBay... whom I share a love and hate relationship with (*like marriage) - automatically sided with their so-called experts, despite the fact; my research suggests; the SAME EXACT shops hired by Nike in China that manufacture these Air Jordan's are KNOWN to create additional pairs of the same identical Air Jordan's - ONLY, those bootleg pairs (*made with the exact materials, stitching, logos, and soles) are impossible to identify from the genuine; Nike authorized productions!

    So... rather than CRY over spilt milk... I simply wanted to note; we are planning to have these Air Jordan's inspected thoroughly by (3) more well-respected 'authenticators' as soon as funds and time permits... for now, they sit idle, unable to be relisted on eBay...whom generously accused us of (knowingly) trying to sell counterfeit items on their platform, which is asinine!

    Granted, IF (*and, this is a BIG IF) these sneakers fail the (3) inspections we are preparing to have done... to determine mostly for ourselves; "Are they real Air Jordan's? or indeed fake Air Jordan's?" - because for intent and purposes, I have researched until my eyes have all-but bled, and guess what; "there is NO indication anywhere present that these 2012 Air Jordan's are not authentic!"

    Humbly, I have made the executive decision.... NOT to to throw away all that has been learned, good, and beneficial since we began this journey, as it would be critically stupi on my part to 'throw it all away' over a $307 REFUND and the INSULT of (knowingly) trying to deceive eBay's authenticity programmed partners...

    Even though, this happened to be... The 1st Time we EVER sent an item in to be authenticated, and god forbid - these 3rd party (experts) couldn't do their job....what a backlash that turned out to be!

    In the end, ONE objective remains... BUILD PURCHASING POWER via; 'working capital" so when those BIG DEALS (*oil wells) present themselves... we won't be sweating having been out bid, or bitching about a $307 refund on the pretense, eBay's experts "cannot authenticate" a pair of Air Jordan's!!!

    To be continued...
    Signature
    Atop a tree with Buddha ain't a bad place to take rest!
    {{ DiscussionBoard.errors[11739768].message }}
    • Profile picture of the author GordonJ
      First, THANK YOU for sharing and documenting your eBay journey, warts and all.

      I hope it is as cathartic for you as it is educational for us.

      No matter the outcome, you already have a more real life education than some poor kid going tens of thousands in debt to get a degree and he can't even find a decent job.

      Every time you post, I see: Oh there's a report, oh, another hotsheet, oh more great information. Of course I wear those infopreneurial goggles too.

      I wonder what sort of a perhaps, bogus DIPLOMA or certificate these "authenticators" use to get ebay to hire them?

      The International Institute of Product Authenticators, China Inc.

      Send me 99 bux, you too can not tell the real Jordans from the fakes. And all you have to do is be able to cut and past, "Can not authenticate at this time." BINGO there is a guy pulling in 6 figures a year.

      Anyhow, your willingness to document your journey is appreciated and we are all learning from you, a BIG

      THANKS

      GordonJ





      QUOTE=art72;11739768]On a positive note, one of the biggest challenges to stay committed to this journey has been to maintain FOCUS on the long-term goals, and overcoming the financial limitations we have faced in building some forward progress.

      Again, our sales numbers to date, haven't exactly earned us any bragging rights... BUT, the increasing value and compounding interest we've allocated in building up our inventory,; still fascinates me enough to continue this pursuit.

      Yesterday, I was 'out bid' on (3) larger auctions 133 miles from our location. Within those (3) warehouses being auctioned, there were 12 pallets (per warehouse x3), each containing 24 boxes per pallet. Each box contained 20 pcs (or individual units) - which equates to 480 pcs (or units) per pallet... X 12 pallets = 5,760 pcs (*units) that I estimated would RESELL for a minimum of $10 - $15 per item.

      Now, having been out bid on ALL 3 of these of these warehouses... is where the 'frustration dwells' - for YOU SEE, those (3) units SOLD for just under $1,000 each... and contained a potential ROI (*over time) of... 5,760 units x (*on the low end) $10.00 per sale = $57,600.00 per warehouse (X3 warehouses full of product) = $172,800.00 in reseller VALUE.

      I was quite depressed, as the other bidder's exceeded our budget and ability to "out bid' them!!!

      THIS is the WHY (the reason) we've elected to POSTPONE being PAID TODAY and entered this venture, to build 'WORKING CAPITAL'.

      We hear whispers of people who have the funds, financial stability, and privilege (*for lack of a better word) capitalizing on OPPORTUNITY(s) in these dire times... and it "makes sense" to start building that 'working capital' NOW... so, in the near and not so distant future - we WILL BE able to scoop-up those deals, as business owners, service providers, and contractors alike 'forfeit' their assets when the economy crashes.

      Now, mind you... we learned a few of these lessons ourselves... THE HARD WAY, as I reflect on the past, when the business STOPPED PAYING for ITSELF! -And, we went down faster than the Titanic!!!

      In fact, as I recall... we learned about local auctions, after forfeiting a warehouse of our own, and years ago; we not only recovered those loses - but, we made money and re-acquired 10X more, and we were just fooling around back then.

      We did not have the knowledge back then to utilize 'existing platforms' or the skills to leverage the internet to SELL MORE of the goods we had acquired - which ranged from collectibles, antiques, kitchen and household goods, and piles & piles of resalable goods we were acquiring for PENNIES on the DOLLAR!

      Today, as we revisit those prior ventures, it beckons the question; WHY did we stop buying and selling goods back then... And, the only answer is; we didn't have the knowledge, experience, or the means to MOVE the INVENTORY QUICKER.

      This year, SHOULD prove to be quite interesting, entertaining, frustrating, and FUN... as, I can identify a few markets, the research is becoming easier, and as I literally PUNISH MYSELF (*call it a self-disciplinary arse-whooping) - I find myself listing women's dresses, learning new popular brands, and markets alike... that 10-15 years ago... I would have told YOU that YOU were INSANE; "IF you thought there was MONEY to be had in these markets."

      I was WRONG then... and, it's just starting to become clear now... some of those markets I would have considered DEAD (*or worthless) are in fact; proving truth to some of my 20-year-old writings, that I've NEVER shared or perhaps believed I would ever share, as I am exploiting some of my own weaknesses in doing so HERE on this forum.

      Perhaps, this is WHY we have brilliant minded people here on the WF who have all but beaten the message home... concerning; the HUGE opportunities that 'sit idle, sit in wait, and the only thing missing was for the student, disciple, or person seeking such opportunities to accept the challenge, apply the action(s) consistently, and be PATIENT ENOUGH to see the long-term rewards.

      In this case, losing out on those (3) warehouses SERVED as a reMINDer as to WHY I am doing this, despite the meager $5,000 in sales we've made since June - July 2022 when we started this journey.

      Again, that $5,000 is peanuts in comparisson to the knowledge gained already...

      And still, I hesitate to advocate to another of just how rewarding the future may or might become for those willing to surrender, sacrifice, and make due (*without paying oneself) UNTIL the bigger payouts permit the bigger vision to come to fruition.

      Likewise, I SEE opportunities here, "Hidden in Plain Sight" within certain members signature files, that ALL BUT GUARANTEE; "if you follow this simple blueprint - you WILL get 'X' results".

      So thereto, I find myself still procrastinating under the (*foolish) belief; I am not yet qualified to orchestrate, organize, frame-out, and deliver on the PROMISES I intend to kjeep when I start compiling all this research, knowledge, and experience... and in-turn start OFFERING that information to others.

      I knew RIGHT from the RIP... eBay was teaching me something far greater than just selling wares online... little did I know then, what it is actually doing is rekindling that FIRE WITHIN to help align others with 'mutually benefitial' knowledge, tools, and resources to align them with all-in-which they seek.

      I have been 'playing with fire' since I can remember, and I learned long ago, the more you tempt yourself to explore beyond your 'comfort zone' or known circles, and venture off into exploring new paths... you can (*as Frank Kern says "expect to get your @$$-kicked a few times over, before you 'tap those oil wells".

      All these cliche's, metaphors, and guru mindset self-adorations and success stories... mean very little to me. Sure, I read ALL of Napoleon Hill's works a few times over, and can honestly say; "he borrowed the success of others to create his own fortune".

      Call it 'piggy backing' - 'mirroring' - 'copying' or whatever may suite your current mood and mindset, BUT there is something PULLING me AWAY from my old habitual routines, reliances, and even my mindset towards MONEY & FINANCES is changing (*and, has changed significantly) since entering this venture.

      But... it really isn't about WHEN we achieve that next milestone... or HOW LONG it'll take to complete this MISSION to build $50,000 - $100,000 in Working Capital... sure, that helps fuel the pursuit to some degree.... BUT, what truly matters, is heightening your perceptive views, increasing your conscious-awareness to just how much opportunity remains; "Hidden in Plain Sight" and, HOW willing YOU ARE to continue to 'get back up" after taking the proverbial @$$-whoopings we tend to distribute upon ourselves; primarily psychologically!!!

      IF you do not believe you deserve "X" - you may want to re-think your 'Y" - as I see it as a biological, mathematical, and probable equation of simply; "giving yourself permission" (*as oppossed to seeking those permissions, benefits, or rewards from others) - as we tend to seek approval, and in many cases I have studied, researched, and to an extent... 'blindly observed' - there are far too many documented cases to wit; once people accepted the challenge, invested in themselves, and ideally; given themselves permission (*and, perhaps some forgiveness to boot) they suddenly seem to accelerate and become drawn to success, like a moth to the flame.

      Now, I didn't intend to share my entire philosophical (and personal) renderings as to WHAT, WHY, or HOW someone else may approach their next pursuit, but... I am finding that much of the problems abroad stem from habit, conditioning, and the company we keep.

      Hell, I have been sedating myself, sabotaging the bigger dream, and procrastinating on going "all-in" on some projects for YEARS... WHY?

      What have I to lose at this point, outside of the self-admissions and in essence; feeding the 'pessimist within' and procrastinating to provide greater resolves to 'other people's host of problems' - we all have THEM; problems... I think they call it; "The Human Condition" - call it whatever toots your horn...

      But... despite mountains of humility, failures, and again, my own ignorance in THINKING everything should-be perfect, flowing, and up-lifting... it seldom ever is, especially, when you step-outside your comfort zones, habitual routines, and make a break for the next new milestone you seek to achieve.

      I sincerely WISH to have more respect for money... I have very little respect for the history and the making of money... it goes way back... to China actually, and in my mind - if the powers that be can leverage abundant and otherwise usless resources....UNTIL someone came (Or comes along) and places a VALUE to those NOTES... then, maybe we too should learn to reverse-engineer how money was made! (*Basically, from the minds and the imaginations of those who seized the opportunity to appoint the values those notes carry...and, at face value, even that fails to measure-up to simplistic formulas many here are teaching (*or TRYING to TEACH!)

      Right now... our store has FINALLY surpassed 300 ACTIVE LISTINGS... we've SOLD 177 items, once this buyer pays for his Dan Marino Jersey (*we acquired for free in an exchange, bartering, and brokering that storage locker deal).

      For nearly (3) weeks, I obsessed over eBay's (*SneakerCon) employees (*3rd party authenticators, and so-called experts) for having VOIDED our biggest sale, profit, and payout to date... and in-turn, eBay IMPLIED we (as sellers) would knowingly attempt to deceive the authenticator's, sell counterfeit Air Jordan's, and the sheer IGNORANCE of such an implication, almost caused me to effectively QUIT eBay!

      Truth be told, I do neither trust eBay's authenticator's (*SneakerCon employee's) are indeed (*experts) or qualified to be making executive decisions based on the one-liner we received regarding the "authenticity" of the 2012 Air Jordan's we SOLD.... and, then were (in essence) punished for Selling.... as eBay automatically sided with their (*incompetent?) 3rd party service provider's - whom, for what it is worth; admitted THEY (*the experts) "Cannot Authenticate Our Items" and triggered a rash of negative events...

      You see, the people hired to determine "IF" those 2012 Air Jordan XI Bred - Varsity Playoff sneakers were REAL? or FAKE? - basically responded with a "one-liner"; "cannot be authenticated" - in no way, shape, or form did they provide rhyme or reason WHY they could not authenticate, they failed to respond with any meaningful finding, reason, or fault within the product... they simply stated; "we cannot do our job - because we do not know if these are indeed real? or fake?"

      Yet, eBay... whom I share a love and hate relationship with (*like marriage) - automatically sided with their so-called experts, despite the fact; my research suggests; the SAME EXACT shops hired by Nike in China that manufacture these Air Jordan's are KNOWN to create additional pairs of the same identical Air Jordan's - ONLY, those bootleg pairs (*made with the exact materials, stitching, logos, and soles) are impossible to identify from the genuine; Nike authorized productions!

      So... rather than CRY over spilt milk... I simply wanted to note; we are planning to have these Air Jordan's inspected thoroughly by (3) more well-respected 'authenticators' as soon as funds and time permits... for now, they sit idle, unable to be relisted on eBay...whom generously accused us of (knowingly) trying to sell counterfeit items on their platform, which is asinine!

      Granted, IF (*and, this is a BIG IF) these sneakers fail the (3) inspections we are preparing to have done... to determine mostly for ourselves; "Are they real Air Jordan's? or indeed fake Air Jordan's?" - because for intent and purposes, I have researched until my eyes have all-but bled, and guess what; "there is NO indication anywhere present that these 2012 Air Jordan's are not authentic!"

      Humbly, I have made the executive decision.... NOT to to throw away all that has been learned, good, and beneficial since we began this journey, as it would be critically stupi on my part to 'throw it all away' over a $307 REFUND and the INSULT of (knowingly) trying to deceive eBay's authenticity programmed partners...

      Even though, this happened to be... The 1st Time we EVER sent an item in to be authenticated, and god forbid - these 3rd party (experts) couldn't do their job....what a backlash that turned out to be!

      In the end, ONE objective remains... BUILD PURCHASING POWER via; 'working capital" so when those BIG DEALS (*oil wells) present themselves... we won't be sweating having been out bid, or bitching about a $307 refund on the pretense, eBay's experts "cannot authenticate" a pair of Air Jordan's!!!

      To be continued...[/QUOTE]
      {{ DiscussionBoard.errors[11739793].message }}
      • Profile picture of the author art72
        Originally Posted by GordonJ View Post

        First, THANK YOU for sharing and documenting your eBay journey, warts and all.

        I hope it is as cathartic for you as it is educational for us.
        You are very welcome... And, Thank-You, for increasing my vocabulary... as many of your responses have me chasing down new definitions.


        Originally Posted by GordonJ View Post

        No matter the outcome, you already have a more real life education than some poor kid going tens of thousands in debt to get a degree and he can't even find a decent job.
        I'm not sure I can take full credit for much of that education, as many here, and throughout my life have taught me - what few (if ANY) schools/colleges teach.

        Originally Posted by GordonJ View Post

        Every time you post, I see: Oh there's a report, oh, another hotsheet, oh more great information. Of course I wear those infopreneurial goggles too.
        Although, I'm sure I have mentioned this before... BUT, I think when people are trying to 'break through' a 'glass ceiling' or striving to adapt, evolve, or employ new knowledge, they often FORGET just how much knowledge they may already possess... almost as if; they forget to 'look back' at where they started, and remember others who haven't even started yet - may gain great insights, knowledge, or benefit from sharing those milestones and pitfalls.

        One of these days, I may need to really stop and process the knowledge already acquired, and then - maybe, I'd 'see the value' you mention sprinkled throughout my posts... (i.e., reports, hotsheets, digital info products, etc...) - I think it's hard too see when you're too focused on the next milestone -or- trying to break through the proverbial glass ceilings to truly value the knowledge/experience already acquired!

        Originally Posted by GordonJ View Post

        I wonder what sort of a perhaps, bogus DIPLOMA or certificate these "authenticators" use to get ebay to hire them?

        The International Institute of Product Authenticators, China Inc.

        Send me 99 bux, you too can not tell the real Jordans from the fakes. And all you have to do is be able to cut and past, "Can not authenticate at this time." BINGO there is a guy pulling in 6 figures a year.
        LOL... yeah, I'm not sure what they require to be employed at the 'authenticity center' - but, if they are/were fake Jordan's, it would be nice if they shared their wisdom as to WHY - as opposed to vaguely blot out; "they could not be authenticated"... it implies; they believe them to be fake... and that would be OK with me, if they are FAKES, but it certainly doesn't produce ANY legit reason, rhyme, or insight as to what "we" (eBay seller's) should lookout for... in the event they are not real.

        Originally Posted by GordonJ View Post

        Anyhow, your willingness to document your journey is appreciated and we are all learning from you, a BIG

        THANKS

        GordonJ
        That last part still fascinates me...

        I hope people following are learning WHAT to DO... as much as; WHAT NOT to DO - as I tend to learn everything the hard way, LOL.

        Although... I think my next post, I may detail the 2400% gains we made on just (6) sales this past week... that was a new milestone crossed! It wasn't exactly huge money or a massive payout... but a 24X ROI on those (6) sales still feels SWEET! - So, I think it's the MATH that fascinates me most about this journey!

        And, I too appreciate ALL who encouraged me to document this, even if; I've let some of the "pity and fear' to be excreted throughout this journey! Thanks!
        Signature
        Atop a tree with Buddha ain't a bad place to take rest!
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    • Profile picture of the author savidge4
      Originally Posted by art72 View Post

      Yesterday, I was 'out bid' on (3) larger auctions 133 miles from our location. Within those (3) warehouses being auctioned, there were 12 pallets (per warehouse x3), each containing 24 boxes per pallet. Each box contained 20 pcs (or individual units) - which equates to 480 pcs (or units) per pallet... X 12 pallets = 5,760 pcs (*units) that I estimated would RESELL for a minimum of $10 - $15 per item.

      Now, having been out bid on ALL 3 of these of these warehouses... is where the 'frustration dwells' - for YOU SEE, those (3) units SOLD for just under $1,000 each... and contained a potential ROI (*over time) of... 5,760 units x (*on the low end) $10.00 per sale = $57,600.00 per warehouse (X3 warehouses full of product) = $172,800.00 in reseller VALUE.
      I am going to throw this out there... you over reached... you COULD have bid on one, and had the capitol - but you wanted all 3 - look at the potential... look at the value...I have to have them! and you end up with? Life lesson of sorts - greed kills the deal.

      With auctions its real easy to think that "Oh Ill get this cheap" - and there are cases this happens... but more often than not something worth $57,600 might see numbers like $20,000 - To good to be true and...

      Mitigate the would of, could of - and walk away with not getting a single $57,000 auction because youonly had a budget of $2,000 and feel good about it
      Signature
      Success is an ACT not an idea
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      • Profile picture of the author art72
        Originally Posted by savidge4 View Post

        I am going to throw this out there... you over reached... you COULD have bid on one, and had the capitol - but you wanted all 3 - look at the potential... look at the value...I have to have them! and you end up with? Life lesson of sorts - greed kills the deal.

        With auctions its real easy to think that "Oh Ill get this cheap" - and there are cases this happens... but more often than not something worth $57,600 might see numbers like $20,000 - To good to be true and...

        Mitigate the would of, could of - and walk away with not getting a single $57,000 auction because youonly had a budget of $2,000 and feel good about it

        I think the motive is still to BUILD enough capital and purchasing power... over that of greed. Although, I do agree, if we get too greedy, it can definitely kill the whole deal.

        Looking at it now, as the excitement fades a little bit... that would have been challenging to relocate, transport, and store that much merchandise, until it could be sold. So, had we acquired even (1) unit for $1000 (*or less) there were a lot more costs on the backend to secure and move that much product.

        Again, it's not so much greed fueling these pursuits. Rather, knowing; once we build enough bank... I believe this journey will get easier once there's a steady flow of sales to reinvest and obtain bigger quantities of merchandise.

        But... like Chris and others TEACH, it's more of a MENTAL ISSUE than a MONETARY ISSUE... especially, if you start with one or two sales and just keep rolling that profit, that lesson is priceless... even if it takes longer to train the brain to be patient, and let the process unfold over time!

        And, thanks... you influenced a good deal of what we've learned so far, and we're seeing positive results across the boards.

        The real problem stems from a lack of patience and expecting a faster turnover of inventory... more sales.

        Now I see us ranking keywords on Google search, sponsored ads on YouTube and FB... our items are getting viewed more, and sales are slowly increasing.

        I should have MORE ITEMS LISTED... that will be ONE main focus this year. That and finding more desired items with faster turnover times... still learning!!!
        Signature
        Atop a tree with Buddha ain't a bad place to take rest!
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        • Profile picture of the author savidge4
          Originally Posted by art72 View Post

          The real problem stems from a lack of patience and expecting a faster turnover of inventory... more sales.
          What happens when you remove the expectation of fast turn over? The way we look at this is there are items that sell faster than others. Smart devices ( lights, cameras switches etc ) sell REALLY fast... clothing not so much. The time you have in already you could look back and see what sells like the same day and you can see items that have been sitting there. I would suggest those items fall in categories - generally speaking.

          Yes, there are outlaying products... but if "Speed" is the desired outcome would it not be best to focus on the items that have a personal record of selling fast?

          We strike a balance of sorts. Buying 4000 long sleeve shirts is by no means going to be a fast mover... that listing will be there for a while. But any chance we get buying say Wyze anything in bulk... we jump.

          There is a very reliable equation in all of this... List more, Sell more - its literally that simple. If you look at pretty much any and all youtubers that sell ebay stuff.. they all have in excess of 1000 listings... and you watch and wonder how they are selling 30 items per day... the magic 3% sales number... 3 sales per 100 items listed... you have 1000 items listed, thats 30 sales per day.

          I really dont think its a matter of what you have for sale... its about those 3 variables Photos, Title, and price. Anything and everything will sell in its own time.

          Its a matter of identifying the items that sell faster...and I will bet you can look at what you have sold and see the beginning of patterns.

          Forget about "Time" and think about volume. Sell 1 item to have the ability to buy and list 3 more, and 9 more, and 27 more, and 81 more. This is the equity build aspect.

          A lesson that took place with our operation. Its FUN to buy... its a drag to list. List EVERYTHING you have right now, that is NOT listed before you buy another single item... regardless of how good the deal or what have you. THIS is the pattern for success. BUY - LIST. 2 steps to success... not buy buy buy list if you know what I mean.

          Hope that Helps!
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          • Profile picture of the author art72
            Originally Posted by savidge4 View Post

            What happens when you remove the expectation of fast turn over?
            I'm still working on that equation.

            Originally Posted by savidge4 View Post

            The way we look at this is there are items that sell faster than others. Smart devices ( lights, cameras switches etc ) sell REALLY fast... clothing not so much. The time you have in already you could look back and see what sells like the same day and you can see items that have been sitting there. I would suggest those items fall in categories - generally speaking.

            Yes, there are outlaying products... but if "Speed" is the desired outcome would it not be best to focus on the items that have a personal record of selling fast?
            Unfortunately, we've yet to be able to find more of the items that we did experience a fast turnover, or that sold really fast!

            Originally Posted by savidge4 View Post

            We strike a balance of sorts. Buying 4000 long sleeve shirts is by no means going to be a fast mover... that listing will be there for a while. But any chance we get buying say Wyze anything in bulk... we jump.

            There is a very reliable equation in all of this... List more, Sell more - its literally that simple. If you look at pretty much any and all youtubers that sell ebay stuff.. they all have in excess of 1000 listings... and you watch and wonder how they are selling 30 items per day... the magic 3% sales number... 3 sales per 100 items listed... you have 1000 items listed, thats 30 sales per day.

            I really dont think its a matter of what you have for sale... its about those 3 variables Photos, Title, and price. Anything and everything will sell in its own time.

            Its a matter of identifying the items that sell faster...and I will bet you can look at what you have sold and see the beginning of patterns.
            I am starting to notice certain buyer patterns, brands, and potential items to be "on the lookout for" since we started this journey, for sure!

            Originally Posted by savidge4 View Post

            Forget about "Time" and think about volume. Sell 1 item to have the ability to buy and list 3 more, and 9 more, and 27 more, and 81 more. This is the equity build aspect.

            A lesson that took place with our operation. Its FUN to buy... its a drag to list. List EVERYTHING you have right now, that is NOT listed before you buy another single item... regardless of how good the deal or what have you. THIS is the pattern for success. BUY - LIST. 2 steps to success... not buy buy buy list if you know what I mean.

            Hope that Helps!
            This last part, priceless. I am trying to LIST EVERYTHING, and blend the "lesser items" (*or less valuable items) to ensure we don't get stuck with a pile of stuff... which is starting to build-up.

            And thereto, we are networking more, getting out more, and talking to people more, which keeps opening "new doors"...

            Just today, we moved our storage unit, cleaned our another unit, and talked to a guy on-site who overheard we were doing some online selling and eBay... he wants to broker a deal selling off a bunch of his stuff... vintage drum sets, symbols, and collectibles... we are going to meet with him next week to see what kind of commissions he is looking to payout, and... if we can come to a mutually beneficial agreement.

            But... the main thing being, I NEED to list EVERYTHING we already have, and be ready for more...

            Plus, I'm bidding a few more jobs right now too... it's going to be an interesting year, I do believe!

            As usual, your advice is SOLID! - List what we have before getting too bogged down, THAT is golden advice!

            Thanks!
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  • Profile picture of the author art72
    One more thing, as it is both funny and somewhat relevant to my 'depression over being' out-bid yesterday...

    Before, I bid on those auctions, I tracked down the phone number to the facility hosting the auction... in fear, I wouldn't be able to afford renting a big enough truck to move the merchandise (*in the 48 hour window they alot) - I was trying to 'outsmart' the system, buy some time, and in the event that we/I did 'WIN' 1 or more bids yesterday...

    Comprised a plan to simply RENT the unit (133 miles away) and buy us 30-days to start selling the product... to in-turn pay for the costs of acquisition (*had we won the bid or bids, respectively.)

    The gentleman I spoke with was too busy with a customer, and assured me he would 'get back to me with a solution".... well, he was a little late, and left a detailed message this morning... that ONLY (1) of the (4) warehouses being auctioned, actually went through... as the business owner with (36+) pallets of goods.... made a last minute payment, saved his own butt... and those who essentially 'out-bid' us... didn't win those units either!

    That would have been a HUGE PROFIT for anyone who landed those units... even though, the contents consisted only of wooden boxes... be it jewelry boxes, art supply boxes, or just basic boxes... my research indicated they sell between $10 - $20 (*on the high end)....and, I likely would have had to cross promote, maybe use Amazon's FBA program, eBay, and other platforms to move that much inventory! - BUT, the (36+) pallets all appeared to have the same stock numbers, weights, and item descriptions, which suggests.... there was 17,280 units of new 'wooden boxes' - to wit; if one were to put a 'tenner' on each one....WHOA! (*That would've been a fun ride to building some serious working capital).

    And, it was too good to be true, as the owner PAID his (or her) dues and saved their inventory...

    Which now beckons the question....

    How much supply and inventory becomes available in situations like the aforementioned, whereas, had the owner NOT PAID their dues... those other bidders would have landed a "Gold Mine!"

    Plus, it fits the model savidge4 mentions... if you buy a bulk load of one thing, it's only one listing, unless you have so much you can diversify and cross promote to deplete the inventory quicker, or course....

    I'm still 'on-the-hunt' for bigger lots... as our current 'active items' on eBay shows... (*well it was 302 active items when I finished listing last night... now, it's down to 297) - which as I write this... we have had an amazing day... SOLD over $330 already TODAY and it's still early...

    I am a wee-bit heart-broken the Mitchell & Ness VTG T1976 Gaylod Perry Texas Rangers "Home Whites" Jersey sold within a few hours of listing though... as I could not determine the actual value of such a rare item... and I am too cheap (at the moment) to commit to paying Worthpoint to learn what they've sold for in the past???

    I listed it as "RARE" with an asking price of $350... (*ran a 5% OFF SALE for New Year's) and "let it go" earlier for $225 on a counter offer... WHY NOT, I had 20 minutes invested in the item, and that too was acquired through a deal brokered at our storage facility, so... we paid NOTHING for said item. My greed almost got the better of me, until I stepped back and PROCESSED the fact, I can now spend another $175 buying more inventory, LOL... which is becoming my underlying NEW ADDICTION, second only to the "Cha-Chinga" of the phone, when an offer or payment is made! <--- I'm developing a sincere passion for that sound!

    Current numbers are as follows...

    TODAY we've sold $332.74 (*makes up for those Jordan's getting kicked-back and the refund to the buyer!)

    Total sales = 179 items SOLD
    Average Sale (per item) = $26.71
    Seller Costs (on average) = 40.7%
    Total # Watched items = 69
    Earned Positive Feedback: 100% (*64 buyers)
    Sales Conversion Rate: 2.1% (*climbing!)

    We're up 33.7% in Sales Rev over past 31 days... so, that's no too bad, I guess. (*I'd like to triple or quadruple those figures already!!!)

    Listed Page Views: Up 31.1% (*again, maybe eBay does still love us, lol) <--- business is like a marriage, never a dull moment, lol

    Average profit per item: Over 450%
    Listed Inventory 'Fixed Price' Value: $8,667.25 (*with a 5% storewide sale running now - Jan 1st)
    Current Number of Active Listings: 297
    Subscribed: 12 Followers (*it's hard to keep followers with one-off merch tho!)

    Status: Top Rated Plus


    Even despite the huge negative experience over the Jordan's - and my attempts to "let go" of some of the mental frustrations doing business has been known to produce... I'm still on 'my own clock' and this New Year, I really need to buckle-down, bite the bullet, and start exercising (and implimenting) MORE PRODUCTION, not just on eBay, but in all areas of pursuing healthier means!

    Again, I have no shame in stating; had I truly went 'all-in' - we would have OVER 1000+ items in-store already, and this year, as I juggle the home improvement (*I have a few jobs that look promising, from repeat clients) - building this eBay venture, and maybe... creating some noteworthy writings to position, package, and sell as another TEST...

    I think we're going to crush it, and what looks impossible ATM - may not be as far out as it currently appears! (*At least, I hope not - failing this challenge publicly would really SUCK!)

    Overall, the promises we make to ourselves should occasionally exceed our expectations, even though, reality often suggests 'the higher you set your expectations' - the more work, consistency, and discipline is required.... and as THEY say; "FAILURE IS NOT AN OPTION" - No, it's a mandatory REQUIREMENT, IMHO!

    If I was to learn to only invest 2 hours per day DOING the 20% that makes eBay fun, and STOP obsessing over the 80% of BS that comes with it... I think we'll hit (*or exceed our targets by August or September 2023)... I'm of the mindset, the formulas are 100% TRUE to the promise, it's the 'human condition (mind) that needs to BELIEVE IT!

    And, I am starting to believe, we've barely dipped our toes in what CAN BE (or become) of this venture in the near, and not so distant future... so long as their is air in the lungs, a beat in the heart, and an ounce of common-sense remaining in thy brain... "we ain't quittin"

    To be fulfilled... at later date, LOL
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  • Profile picture of the author art72
    A.) Back on December 29th, we SOLD the following (6) items:

    1.) Mitchell & Ness 1976 Gaylord Perry Team Jersey (Texas Rangers) $225.00
    2.) Dan Marino #13 - Team Jersey (*1984 Throwback) Home Whites $45.00
    3.) Willow Athletic Women's Running Shoes $30.00
    4.) Mixed Lot of Cosmetic Jewelry (*180 pcs in total) $24.95
    5.) Hollister Womens Skinny Jeans - Boot Cut $18.00
    6.) Los Angeles by Bus Stop - Women's Short Sleeve Top $21.50

    A.) Total Sales December 29th = $364.45


    B.) Our Total Costs of Acquisition (*6 items) $11.00

    1.) Mitchell & Ness Jersey $0 (*cleanout, labor 2 hours)
    2.) Marino Jersey $0 (*cleanout, labor)
    3.) Willow Athletic Sneakers $3 (*thrift)
    4.) Mixed Lot Cosmetic Jewelry $2 (Thrift, bulk purchase % of lots purchased)
    5.) Hollister Women's Jeans $1 (*church yard sale)
    6.) Bus Stop Women's Top $2 (thrift)

    B.) Total Costs of Merchandise = $11.00


    C.) Shipping labels (and added insurance on the Mitchell & Ness Jersey)

    1.) Mitchell & Ness Jersey = $14.22
    2.) Dan Marino Team Jersey = $7.09
    3.) Willow Athletic Sneakers = $9.94
    4.) Mixed Lot Cosmetic Jewelry = $14.00
    5.) Hollister Women's Jeans = $7.60
    6.) Bus Stop Women's Top = $4.27

    C.) Total Shipping Costs & Added Insurance (1) item = $57.12


    D.) Ebay Seller Fees ($43.68)

    1.) Mitchell & Ness Jersey = $26.06
    2.) Dan Marino Team Jersey = $5.50
    3.) Willow Athletic Sneakers = $3.54
    4.) Mixed Lot Cosmetic Jewelry = $3.46
    5.) Hollister Women's Jeans = $2.36
    6.) Bust Stop Women's Top = $2.76

    D.) Total eBay Seller Fees = $43.68


    Summary....

    A.) Total Sales December 29th (*excluding sales tax) = $364.45
    B.) Total Cost of Goods $11.00 (*out-of-pocket)
    C.) Total Shipping Costs, Seller Fees, and (1) Ad Fee = $101.34
    D.) TOTAL ROI 23.91X



    TOTAL NET PROFIT = $263.11


    *LESS the 2 hours of our time acquiring what amounts to a few hundred items already listed, to be listed, or holds some resell value in various markets, if/when we decide to sell those other items acquired in the cleanouts we did in just under 2 hours.

    OK, so nothing too phenomenal, but the idea was to show the initial investment of $11.00 - turned into $364.45 in sales on December 29th... with (6) sales.... (*our best sales day to date on eBay)

    Less our selling fees and postage costs = $101.34[/COLOR]
    Net Sales Profit = $263.11

    If we divide the $11 investment into the $263.11 return (*after selling fees & postage)...

    Just shy of a 2400% ROI

    Whilst I have had far bigger paydays working and remodeling homes and such... I find landing this 23.91% ROI - is just mind blowing!!!

    ***Oh lastly, last Tuesday we/I just scored a $1200 Ludwig 5 pc drum set, hi-hat, vintage cymbals (20" crash, 15" ride, (2) 14' hi-hat cymbals) stands and accessories... all for helping a guy unload a 26' U-Haul (7 hours hard labor, lol)... all stemming from cleaning out those (2) storage units...

    The same guy who wants me to help him sell off his (*5-6) high end vintage drum sets...

    So, now... I am planning to LEARN another discipline this year.... MUSIC & DRUMS!!!

    I would've have told you; you were crazy to think a 50-year-old should start pursuing interests such as playing drums at my age... but, the gentleman who hooked me up with the Ludwig drum set is 69-years-old and he's been drumming for 61 YEARS.... ***NOW, due to neurosis in his legs and feet, he just bought a baby grand piano, and at 69-years-old, he's just now learning to play the piano...

    Moral of the story....

    It's never too late to LEARN NEW DISCIPLINES!!!

    To be continued...
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    • Profile picture of the author savidge4
      Originally Posted by art72 View Post

      C.) Shipping labels (and added insurance on the Mitchell & Ness Jersey)
      A little shipping hack - if you are using eBay to print your labels you automatically get $100 worth of insurance when you ship USPS Priority Mail.

      Something like a jersey would have fit into a USPS flat rate Padded envelope and shipped for $8.20 and included the $14.00 worth of insurance.
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      • Profile picture of the author art72
        Originally Posted by savidge4 View Post

        A little shipping hack - if you are using eBay to print your labels you automatically get $100 worth of insurance when you ship USPS Priority Mail.

        Something like a jersey would have fit into a USPS flat rate Padded envelope and shipped for $8.20 and included the $14.00 worth of insurance.
        Yessir, being that it sold for $225.00, I wanted to ensure the buyer the entire purchase amount was covered, and insured. I packaged the item in a T-Vek sleeve (semi-waterproofed it) and then shipped the item in a 15" x 9.5" flat rate envelope. If, I recall; the added insurance to cover the entire amount of the sale was only an addition $4 - $6 - but, in the future, I'll be sure to order some padded flat rate envelopes, as they do not stock much here at our local USPS, and I've still yet to take advantage of the FREE items they'll ship to the house.

        It sounds like, I could've squeezed a few more dollars profit from that sale, had I known the above.

        As usual, Thanks for the insights!
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        • Profile picture of the author GordonJ
          I bought a book (more of a report really) from an ebay store, and was disappointed he didn't send an offer along with the purchase. I think even a little coupon would have gotten me back to his store to reorder.

          Do you guys send out any sort of offers or coupons, or discount codes or what do you do to make that BUYER a return customer from the delivery package, if anything?

          Thanks.

          GordonJ



          Originally Posted by art72 View Post

          Yessir, being that it sold for $225.00, I wanted to ensure the buyer the entire purchase amount was covered, and insured. I packaged the item in a T-Vek sleeve (semi-waterproofed it) and then shipped the item in a 15" x 9.5" flat rate envelope. If, I recall; the added insurance to cover the entire amount of the sale was only an addition $4 - $6 - but, in the future, I'll be sure to order some padded flat rate envelopes, as they do not stock much here at our local USPS, and I've still yet to take advantage of the FREE items they'll ship to the house.

          It sounds like, I could've squeezed a few more dollars profit from that sale, had I known the above.

          As usual, Thanks for the insights!
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          • Profile picture of the author art72
            Originally Posted by GordonJ View Post

            I bought a book (more of a report really) from an ebay store, and was disappointed he didn't send an offer along with the purchase. I think even a little coupon would have gotten me back to his store to reorder.

            Do you guys send out any sort of offers or coupons, or discount codes or what do you do to make that BUYER a return customer from the delivery package, if anything?

            Thanks.

            GordonJ
            Yes and No...

            After a buyer pays for an item and we ship the item out, eBay provides (and, encourages) us to utilize the tools to leave 'positive' feedback on the buyer's profile, and then they suggest (*recommend) we issue a coupon (or send the buyer a discount code) on their next/future purchase(s)... this can be a % OFF one item, or BUY 2 or More and SAVE "X" et cetera... But; YES, we have the capacity to design and submit a variety of options, offers, and coupon codes, to create customer appreciation and build repeat buyer history.

            Unfortunately, as I have mentioned prior; we are primarily selling "one-off" items, and, it is harder to retain repeat buyers with the "variety bag" of items we are currently showcasing/offering.

            In the future, we are aiming to acquire more niche specific merchandise (preferably, in bulk) to wit; we can retain more repeat buyers. Again, because our inventory is mostly general merchandise, and we have yet to really populate the store with 1000+ niche specific items per se, I'm finding it difficult to retain the customers interests, build followers,... and in-turn, create upsells, repeat buyers, and/or niche specific buyers at the moment.

            For example, we currently have 13 followers... and, they tend to fall off, as eBay sends potential buyers (*that are subscribed to our store) notifications whenever we list new merchandise.

            The problem being... we list multiple items across a multitude of categories and markets, so it is not segmented or very targeted towards a specific psychographic or single buyer demographic.

            So, if a guy buys a collectible baseball jersey for example... the last thing he wants is to be notified when we list a Gucci wallet or a pair of women's Nike running shoes... that is of no interest to a baseball collector... or... to the women who purchased a 60-year-old bone china kitchenware set.

            Thereto, I get random offers all the time from eBay and find some of it more annoying than of any benefit. As I research prices, sold comps, and others who are selling similar (*or exact) items that we are listing... eBay assumes we are in the market; "looking to buy" these items - much like researching on any platform (i.e., Google, FB, etc.) - as they are collecting our browser data and trying to use "surveillance capitalism" to target us as prospective buyers, when in reality - we are simply gathering insights as seller's of similar wares. (*we're not seeking to BUY - we are SELLING these items, and researching the competition, basically)

            Thus, until we can start fueling our audience based on niche specific markets and accrue enough merchandise to segment those items to a niche specific buyer demographic - it is really difficult for us to retain customers and create repeat buyers, upsells, and build the proverbial value ladder that could gradually increase the LTV of said buyer(s).

            I believe the few "repeat buyers" we have had to date, are moreover "resellers" than that of actual consumers or end users of the wares we've sold them. Those have proven to be more of a "one-off" sale. (*Which kind of sucks, really) - It signifies we need to allocate items that will enable more repetitive sales and repeat buyers, for sure!

            This too, brings to light several insights that could lead to our focusing our attention on more relative items in markets that will enable more repeat buyers, and we SHOULD (*as the inventory and listings grow) - eventually branch out and create 1 or more stores that are focused on specific items such as; "kitchen wares" - "electronics" - "media" - "collectibles" - "name brand apparel" or say; "high end sneakers" etc...

            Naturally, if all we sold were "sporting goods" - we could, in essence, refine the buyer's interests and build around a specific niche markets, much like selling reports centered on MMO or Affiliate Marketing and take the buyer from beginner to moderate or even advanced formulas, recipes, or blueprints through a variety of upsells.

            To answer your question; YES eBay does have the tools and the software built-in to follow-up, send newsletters, coupon and discount codes, BUT until we have enough merchandise to create "niche specific stores" - most of our sales have been "ONE & DONE" buyers... certainly a motive to get more dialed-in to ONE market as opposed to just selling everything under one roof!

            Creating repat buyer's will require far more inventory (in each category) than we currently have listed, for sure - I can see that happening, once we acquire more items and list more in each category... BUT, again, if I choose to START OVER - I would build around ONE specific category, as opposed to the time it is taking to build inventory across 7 or 8 categories.
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  • Profile picture of the author Driven426
    I don't know if it's okay to post this, but I have a hack that I use to evaluate products whenever I shop for stuff to resell on eBay.

    There's a little button by "Search" that says "Advanced". Click on it.

    You're now in the "Advanced Search" menu.

    Type in the name of whatever product you're looking to sell, then scroll down a tad to the "Search Including" menu, there you'll see 3 boxes reading "Title and description", "Completed listings", and "Sold listings", click on the one that says "Sold listings".

    Now hit "Search" and it'll take you to a page with all of the recent sold listings of the product you're wanting to list for sale, sorted by date sold with the most recent at the very top of the page. Viewing these sold listings should give you an idea of how in-demand a product is and how much it's selling for.

    Right now, solid state hard drives are in major demand, and have been for about a decade, due to all the cryptocurrency mining that's been going on. If you can get a steady, wholesale supply of hard drives at a deep discount, you would definitely make money easily as long as those drives are compatible with the latest computers and software.
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    • Profile picture of the author art72
      Originally Posted by Driven426 View Post

      I don't know if it's okay to post this, but I have a hack that I use to evaluate products whenever I shop for stuff to resell on eBay.

      There's a little button by "Search" that says "Advanced". Click on it.

      You're now in the "Advanced Search" menu.

      Type in the name of whatever product you're looking to sell, then scroll down a tad to the "Search Including" menu, there you'll see 3 boxes reading "Title and description", "Completed listings", and "Sold listings", click on the one that says "Sold listings".

      Now hit "Search" and it'll take you to a page with all of the recent sold listings of the product you're wanting to list for sale, sorted by date sold with the most recent at the very top of the page. Viewing these sold listings should give you an idea of how in-demand a product is and how much it's selling for.

      Right now, solid state hard drives are in major demand, and have been for about a decade, due to all the cryptocurrency mining that's been going on. If you can get a steady, wholesale supply of hard drives at a deep discount, you would definitely make money easily as long as those drives are compatible with the latest computers and software.
      Thanks,

      I was aware of researching the sold items on eBay, but I do appreciate the insights on selling solid state drives! <--- That may be a good path to investigate!
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  • Profile picture of the author Software Shop
    It is interesting, I am looking forward to see if you make it.
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  • Profile picture of the author art72
    In reflection of the past 6 months or so, since the beginning of this eBay journey, I can say with some confidence, it's time to perform a thorough assessment of both the milestones we've crossed and the fact; we appear to be stuck in a (1) sale per day algorithm.

    Whilst, I believe we have room to improve our presentation - and could be taking better photos to display our offerings, the other key areas I feel we've done about as best as could be expected, in utilizing the title (*keyword) real estate, items specs, description box, and in defining the primary areas of selling on ebay or any established seller platform.

    That leaves only ONE area that may be largely responsible for our inability to break-through the 30 sales per month barrier (*or our consistent average of making approximately 1 sale per day) over the past 6 months.

    For awhile there, I believed we simply did not have enough items listed to increase both our sell-through rates and increase the daily sales flow.

    Now, in stepping back, I see little reason to just keep listing more and more items, as it becomes evident; we are STUCK in a month-to-month algorithm to wit, regardless of the 300+ items we currently have listed... the only thing that I can imagine needing work is; our PRICE POINTS!

    There are a few differing philosophies being taught throughout the eBay communities, and some almost appear polar opposites... whereas, Chris (*Daily Refinement) openly admits to selling nearly $50,000 in goods on the What Not platform in just 2 weeks... but, reports that he only really profited $5,000 of taxable earnings in that exchange.

    His philosophy is much different than that which savidge4 teaches and the mindset I am trying to maintain with an average ROI of 300% or 3X after all seller costs, shipping, and in turning a $1 investment into a $3 return.

    Right there, I now see part of our problem in being STUCK in a (1) sale per day algorithm, as I have repeatedly stated we are seeing 450% - 600% ROI's for nearly all the sales we've made to date. Sure, that is amazing and all, and it feels to good to see those types of returns on one's investments....

    But, thereto, I am nearly 99% certain we will not break this (1) sale per day cycle, simply by listing more items. In fact, I've narrowed it down to 1 of 2 things that must be responsible for the slow sell-through rates, and with 300+ items listed, we damn sure should be doing more than (1) sale per day -or- averaging 30 sales per month - which appears to be consistent to date.

    With 191 items SOLD... and 302 active listings at the time of writing this post... I am by no means disappointed with the progress we've made, the milestones we've crossed, or the fact we've easily 10X'd our initial investment when taking into consideration of how we started this journey from very humble beginnings.

    I will admit to having set my expectations higher, and in doing so, it has been a bit of an emotional rollercoaster, as I anticipated having more sales revenue generated to date.

    While I am currently outlining a "Premium Report" and sincere in teaching others not to delay or make the same mistakes I am now able to recognize, there's only a few things that can be examined at this point that may conclude WHY we appear to be STUCK in a certain sales flow... of 30 sales per month - on average.

    Clearly, this cannot continue or we will fail to scale this business to faster inventory turnover rates, or build the sustainable income and sales flow we are aiming to achieve.

    In this regard, it sucks admitting it, but what better way to teach others what not to do?

    So, between the specific niche markets we've primarily focused - mainly clothing and apparel, it's been said that selling clothing may not be the most efficient items to sell on eBay or online, as they are fairly easy to acquire inexpensively, and there is to a degree, a ton of people selling name brand articles online.

    Again, some are doing so from the philosophy that Chris @ Daily Refinement teaches, which is a far cry from seeing 300% (or greater) ROI's - he openly admits, he is content to spend $100 to get $120 in return... so he operates on a much lower profit margin.

    The 3X model is far more a superior teaching in my opinion, as most beginners will not be able to withstand investing $100 to get back $120, as most beginners are not moving a truckload or warehouse full of inventory, as people like Chris do... neither approach is wrong per se.

    As I've mentioned several times (*not to brag) that we've seen a steady ROI ranging (*on average) between 450% - 600% and as much as I love those ROI's - it has become quite obvious, the longer we have to wait to sell our inventory, the more it costs to store that inventory in our warehouse, and in-turn the less we'll make in the long run!

    So I have decided to reevaluate my approach, lower our PRICING to that 300% (or 3X) bottom line, and although, I will still be listing name brand apparel, I too must agree that there is so many seller's that follow teachers like Chris, that it is becoming rather obvious WHY our items seem to be slow to sell.

    Granted, if we can sell more faster (even taking less money) that will likely trigger the eBay algorithm to produce better sell through rates, increase our daily/monthly sales average(s) and in-turn enable us to focus on finding more lucrative items that will sell faster, and possibly for more money.

    I do agree at this point clothing and apparel may not be the most efficient items to sell, but we've done fairly well with jeans, t-shirts, dress shirts, and name brand items such as sneakers, shoes, and reputable brand items.

    If we have 302 items listed right now, and we continue to leave our prices at the 450% - 600% ROI average... that in itself suggests; 30 items per month in sales will require a 10-Month sell-through rate of our current inventory, which is neither conducive, nor suitable to reach the bigger vision we have set out to accomplish.

    And still, I am grateful for having to recognize these patterns as we're about to cross (2) more milestones;

    1.) We're about to break 200 sales on eBay (*which happened fairly quickly)
    2.) With 191 items listed and sold & 302 active listings - I've nearly surpassed listing 500 items to date.

    Thereto, this suggests; there is plenty more room for growth, as I feel we/I should be sourcing more items, listing more items daily, and increasing our overall inventory numbers to start listing 5-10 items per day (*if not more)

    The process has gotten far more familiar and in-turn is easier and faster. The shipping rates are now more honed in, as I know exactly what my costs are before listing a wide variety of items. The ability to acquire resources is the EASIEST PART, as there are endless opportunities to land quality merchandise for literally pennies on the dollar.

    Of course, as an everything seller, I do need to start focusing on merchandise that has more viewers than active listings, and even then we've acquired some rare, vintage, or one-off items that are difficult to price, as nobody else appeared to have those items for sale... so, there is still a constant need to research, test, and utilize the experience we're building to focus our attention towards, pricing, turnover times, and seeking to allocate items that not every has to offer... as we've done well with some of those rare finds, for sure.

    In regard to the dollar amount or the date we had set to have "X" amount of money, that is still a motive, but certainly takes a back seat to what can be achieved, so long as we continually work on making our store a better experience for the buyers.

    My few pet peeves are minimal as people file return requests and have 30 days to return the item(s) with a free shipping label, as we offer FREE RETURNS to maintain our Top Rated Plus seller status, which makes it worthwhile to offer customers a hassle-free return policy. To date, we've only refunded (1) customer, and have had only other (2) open returns - (1) was forfeited after 30 days as they did not send the item back... and we have an "open return request" right now for a leather purse (*Sold for $45) to wit; the buyer claims; "It doesn't fit" - but 17 days into her return request, she has yet to utilize the FREE Shipping Label and return our item... hence, in any likelihood, 13 days from now that case will likely be closed in our favor, and those funds will be made available - as eBay automatically places the sales amount "on-hold" until one of 2 things happens - they send the item back within 30 days - or - forfeit their refund request.

    Meanwhile, I have not been listing much, as I see no reason to keep putting more items in store, until we can figure out what we need to do to move the merchandise and inventory quicker. I've already begun lowering pricing, and will continue to do so - until we can establish a better sell-through rate, even if we earn less ROI's per sale! (*We are still deadset on trying to maintain the 3X model savidge4 teaches) as I am neither a fan of spending $1 to get back $1.20 - and, I may have to focus our attention on markets outside the name brand apparel - or in the least, mix up our future listings to include a wider variety of merchandise outside of just clothing, as it does appear to take longer to sell, and being competitive against those dumping larger quantities (*cheap) is difficult to compete with and not too efficient, if we have to deduce pricing to less than 2.5X - 3X ROI's.

    I mean, we still make good on every sale...and, I can lower pricing and still be in 2.5X - 3X ROI's, no doubt.

    I personally wouldn't be upset taking 1.5X or even 2X on items listed for 5-6 months, as I'd prefer to be rid of those items quicker, and find better items with faster turnover rates.

    In closing, I am aiming to decipher the primary reason we are seemingly STUCK at an average of (1) sale per day or 30 sales per month, as that is neither acceptable, nor stimulating my greater interests at this point.

    Meanwhile, we've been slow in sales online and with home improvement the past month, so the added pressure is demanding we find a more fluid system, faster turnover rates, and the means to increase our average daily/monthly sales conversions rates.

    To be continued...
    Signature
    Atop a tree with Buddha ain't a bad place to take rest!
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    • Profile picture of the author GordonJ
      You have shared the journey and we've seen the results, and making assessments and adjustments are part of that journey. I don't ebay, so I have nothing to add or contribute there, but I do buy and sell, so allow me to toss out some math too.

      Between Chris at 20% and 3X, those are the numbers you've most tried to follow, getting three times your investment, and seeing all the activity (from Chris) a lower 20% requires. Which is a lot of movement. You know I am "slop and mess" adverse.

      My math goes like this: AT a 2800 dollar sell, with a 20% profit, I can pull out $500.00 every transaction and keep the repeat, or let it ride to a bigger transaction. One of those a month the last 8 months would be a 4k profit with the investment still in circulation.

      What would happen if you had a sale, getting closer to the 3x, on your current inventory, and you took that and started to make larger transactions, as we've discussed before?

      Not wanting to disrupt what you are doing, but since you really aren't taking any money out of it, yet, what would fewer transactions/bigger dollar amounts do for you?

      Just wondering.

      GordonJ






      Originally Posted by art72 View Post

      In reflection of the past 6 months or so, since the beginning of this eBay journey, I can say with some confidence, it's time to perform a thorough assessment of both the milestones we've crossed and the fact; we appear to be stuck in a (1) sale per day algorithm.

      Whilst, I believe we have room to improve our presentation - and could be taking better photos to display our offerings, the other key areas I feel we've done about as best as could be expected, in utilizing the title (*keyword) real estate, items specs, description box, and in defining the primary areas of selling on ebay or any established seller platform.

      That leaves only ONE area that may be largely responsible for our inability to break-through the 30 sales per month barrier (*or our consistent average of making approximately 1 sale per day) over the past 6 months.

      For awhile there, I believed we simply did not have enough items listed to increase both our sell-through rates and increase the daily sales flow.

      Now, in stepping back, I see little reason to just keep listing more and more items, as it becomes evident; we are STUCK in a month-to-month algorithm to wit, regardless of the 300+ items we currently have listed... the only thing that I can imagine needing work is; our PRICE POINTS!

      There are a few differing philosophies being taught throughout the eBay communities, and some almost appear polar opposites... whereas, Chris (*Daily Refinement) openly admits to selling nearly $50,000 in goods on the What Not platform in just 2 weeks... but, reports that he only really profited $5,000 of taxable earnings in that exchange.

      His philosophy is much different than that which savidge4 teaches and the mindset I am trying to maintain with an average ROI of 300% or 3X after all seller costs, shipping, and in turning a $1 investment into a $3 return.

      Right there, I now see part of our problem in being STUCK in a (1) sale per day algorithm, as I have repeatedly stated we are seeing 450% - 600% ROI's for nearly all the sales we've made to date. Sure, that is amazing and all, and it feels to good to see those types of returns on one's investments....

      But, thereto, I am nearly 99% certain we will not break this (1) sale per day cycle, simply by listing more items. In fact, I've narrowed it down to 1 of 2 things that must be responsible for the slow sell-through rates, and with 300+ items listed, we damn sure should be doing more than (1) sale per day -or- averaging 30 sales per month - which appears to be consistent to date.

      With 191 items SOLD... and 302 active listings at the time of writing this post... I am by no means disappointed with the progress we've made, the milestones we've crossed, or the fact we've easily 10X'd our initial investment when taking into consideration of how we started this journey from very humble beginnings.

      I will admit to having set my expectations higher, and in doing so, it has been a bit of an emotional rollercoaster, as I anticipated having more sales revenue generated to date.

      While I am currently outlining a "Premium Report" and sincere in teaching others not to delay or make the same mistakes I am now able to recognize, there's only a few things that can be examined at this point that may conclude WHY we appear to be STUCK in a certain sales flow... of 30 sales per month - on average.

      Clearly, this cannot continue or we will fail to scale this business to faster inventory turnover rates, or build the sustainable income and sales flow we are aiming to achieve.

      In this regard, it sucks admitting it, but what better way to teach others what not to do?

      So, between the specific niche markets we've primarily focused - mainly clothing and apparel, it's been said that selling clothing may not be the most efficient items to sell on eBay or online, as they are fairly easy to acquire inexpensively, and there is to a degree, a ton of people selling name brand articles online.

      Again, some are doing so from the philosophy that Chris @ Daily Refinement teaches, which is a far cry from seeing 300% (or greater) ROI's - he openly admits, he is content to spend $100 to get $120 in return... so he operates on a much lower profit margin.

      The 3X model is far more a superior teaching in my opinion, as most beginners will not be able to withstand investing $100 to get back $120, as most beginners are not moving a truckload or warehouse full of inventory, as people like Chris do... neither approach is wrong per se.

      As I've mentioned several times (*not to brag) that we've seen a steady ROI ranging (*on average) between 450% - 600% and as much as I love those ROI's - it has become quite obvious, the longer we have to wait to sell our inventory, the more it costs to store that inventory in our warehouse, and in-turn the less we'll make in the long run!

      So I have decided to reevaluate my approach, lower our PRICING to that 300% (or 3X) bottom line, and although, I will still be listing name brand apparel, I too must agree that there is so many seller's that follow teachers like Chris, that it is becoming rather obvious WHY our items seem to be slow to sell.

      Granted, if we can sell more faster (even taking less money) that will likely trigger the eBay algorithm to produce better sell through rates, increase our daily/monthly sales average(s) and in-turn enable us to focus on finding more lucrative items that will sell faster, and possibly for more money.

      I do agree at this point clothing and apparel may not be the most efficient items to sell, but we've done fairly well with jeans, t-shirts, dress shirts, and name brand items such as sneakers, shoes, and reputable brand items.

      If we have 302 items listed right now, and we continue to leave our prices at the 450% - 600% ROI average... that in itself suggests; 30 items per month in sales will require a 10-Month sell-through rate of our current inventory, which is neither conducive, nor suitable to reach the bigger vision we have set out to accomplish.

      And still, I am grateful for having to recognize these patterns as we're about to cross (2) more milestones;

      1.) We're about to break 200 sales on eBay (*which happened fairly quickly)
      2.) With 191 items listed and sold & 302 active listings - I've nearly surpassed listing 500 items to date.

      Thereto, this suggests; there is plenty more room for growth, as I feel we/I should be sourcing more items, listing more items daily, and increasing our overall inventory numbers to start listing 5-10 items per day (*if not more)

      The process has gotten far more familiar and in-turn is easier and faster. The shipping rates are now more honed in, as I know exactly what my costs are before listing a wide variety of items. The ability to acquire resources is the EASIEST PART, as there are endless opportunities to land quality merchandise for literally pennies on the dollar.

      Of course, as an everything seller, I do need to start focusing on merchandise that has more viewers than active listings, and even then we've acquired some rare, vintage, or one-off items that are difficult to price, as nobody else appeared to have those items for sale... so, there is still a constant need to research, test, and utilize the experience we're building to focus our attention towards, pricing, turnover times, and seeking to allocate items that not every has to offer... as we've done well with some of those rare finds, for sure.

      In regard to the dollar amount or the date we had set to have "X" amount of money, that is still a motive, but certainly takes a back seat to what can be achieved, so long as we continually work on making our store a better experience for the buyers.

      My few pet peeves are minimal as people file return requests and have 30 days to return the item(s) with a free shipping label, as we offer FREE RETURNS to maintain our Top Rated Plus seller status, which makes it worthwhile to offer customers a hassle-free return policy. To date, we've only refunded (1) customer, and have had only other (2) open returns - (1) was forfeited after 30 days as they did not send the item back... and we have an "open return request" right now for a leather purse (*Sold for $45) to wit; the buyer claims; "It doesn't fit" - but 17 days into her return request, she has yet to utilize the FREE Shipping Label and return our item... hence, in any likelihood, 13 days from now that case will likely be closed in our favor, and those funds will be made available - as eBay automatically places the sales amount "on-hold" until one of 2 things happens - they send the item back within 30 days - or - forfeit their refund request.

      Meanwhile, I have not been listing much, as I see no reason to keep putting more items in store, until we can figure out what we need to do to move the merchandise and inventory quicker. I've already begun lowering pricing, and will continue to do so - until we can establish a better sell-through rate, even if we earn less ROI's per sale! (*We are still deadset on trying to maintain the 3X model savidge4 teaches) as I am neither a fan of spending $1 to get back $1.20 - and, I may have to focus our attention on markets outside the name brand apparel - or in the least, mix up our future listings to include a wider variety of merchandise outside of just clothing, as it does appear to take longer to sell, and being competitive against those dumping larger quantities (*cheap) is difficult to compete with and not too efficient, if we have to deduce pricing to less than 2.5X - 3X ROI's.

      I mean, we still make good on every sale...and, I can lower pricing and still be in 2.5X - 3X ROI's, no doubt.

      I personally wouldn't be upset taking 1.5X or even 2X on items listed for 5-6 months, as I'd prefer to be rid of those items quicker, and find better items with faster turnover rates.

      In closing, I am aiming to decipher the primary reason we are seemingly STUCK at an average of (1) sale per day or 30 sales per month, as that is neither acceptable, nor stimulating my greater interests at this point.

      Meanwhile, we've been slow in sales online and with home improvement the past month, so the added pressure is demanding we find a more fluid system, faster turnover rates, and the means to increase our average daily/monthly sales conversions rates.

      To be continued...
      {{ DiscussionBoard.errors[11742444].message }}
      • Profile picture of the author savidge4
        Originally Posted by GordonJ View Post

        What would happen if you had a sale, getting closer to the 3x, on your current inventory, and you took that and started to make larger transactions, as we've discussed before?

        Not wanting to disrupt what you are doing, but since you really aren't taking any money out of it, yet, what would fewer transactions/bigger dollar amounts do for you?
        In no way knocking the thought process here... drop the price and sell it off fast is kind of a normal thought process... and in say regular retail it for sure works. IE Home Depot or Lowes or Walmart closeout sections and labeling - all bright yellow tagging btw.

        With online sales - my experience - is low pricing is "To good to be true" pricing, and the item will not sell.

        Bigger transactions numbers is a bit of a conundrum on eBay - YES it sells but mathematically 80% of sales on eBay are $20 and less... 95% ( including the 80% under 20 ) fall under $100. so you drop for a "should be" 3% sell through rate down to .15% sell through rate ( pay attention to the decimal point therer )

        We / I find there has to be a balance of low and high for a level of consistency.

        the 20% mark-up vs the 3x mark-up In both cases it requires understand the sell price and the buy price. At the end of the day mathematically... smart buying with 3X is a landfall winner.

        a $5.00 COG and adding 20% you are selling for $6.00 and making $1.00 VS buying smart and buying a $5.00 item and selling for $15.00 some quick math and its a 10:1 sell ratio Chris is selling 100 items and I am selling 10. I am hoping laying this out might shed some light on the contrast of needed sell through rate... you dont have to sell 30 items a day, to meet his ( Chris' ) numbers, you have to sell 3.

        The BUYING process is the most critical ere ( in both models ) you can look at "Sold Items" and see with your own eyes what someone will pay for an item. can you buy it for 1/3 the price that item is selling for? OR can you buy it for 20% less than what it is selling for? In both cases - you have to really have a grasp on how much to pay for an item.

        The selling an item a day is a bit concerning to me. 300 items listed and you should be selling 9 a day give or take. There are 3 variables at play here... Photos, Title, and Price. Somewhere in the 3 is the hang up.

        I am going to guess... its either Photos or Price.

        PHOTOS: I would be investing in this: ( https://www.amazon.com/LTRINGYS-Fold...3d670b6bc&th=1 )

        Or because you are doing clothes a piece of foam board ( like Chris ) and these ( https://www.amazon.com/UBeesize-Phot...0-4513d670b6bc )

        I can not say this enough, if you are not using a white background and I could care less what anyone else says... WHITE WHITE WHITE background. eBays own stats, white backgrounds increase sales by 18% ( increased since i posted stat a few years ago )

        PRICE: With a few exceptions... any and every item we might sell there are Sold Comps. If ALL the sold comps are Auction sales, selling for like what you pmight pay for an item, dont buy it. If the majority of comps are Auctions, dont buy it.

        Outside of that... you are looking at free shipping listings, and cost + shipping listings - to figure out the actual MARKET value of the item. Look at the listings and strick an average... you dont want to be the least expensive, and you dont want to be the most expensive - kinda right in the middle... I have said this before I will say it again. Take the YOU out of this part of the equation... the buying process...and the listing process ( in terms of pricing ) should be dictated by MARKET value. The minute "I think" or "I feel" or "it retails new for"or whatever else gets in there, you are shooting yourself in the foot - Follow MARKET pricing.

        Free Shipping, Market pricing, and white backgrounds, and you should jump into 3% of inventory sales a day.

        It might not be rocket science, but I have beat the math to death on how to optimize the selling process on eBay. Chris has as well... but imagine getting into Chris' number of sales with the 3X principle... Chris is selling 200 400 items a week and you only have to sell 20 to 40. Your not that far off, and fine tuning the process (and I can tell you there is something off kilter ) you WILL see the results.

        Hope that Helps!
        Signature
        Success is an ACT not an idea
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        • Profile picture of the author GordonJ
          We know Art has met other people who buy lockers/storage units full of stuff, if he offered all 300 items, for say 8 dollars each, would it be easier to sell? 2400 to 2700 lock, stock and barrel? Would that be enticing?

          Not that he would, should or even could do it, staying the course and working out the kinks and fine tuning the process is more than likely a better route for him.

          As for "you have to really have a grasp on how much to pay for an item", is the whole idea of making a profit. And with the tools today, as you mentioned, we can quickly, easily know what the market will pay for any given item, be it a 20 dollar shirt, or a 20,000 tractor. It has always been the mantra of buying and selling/flipping....you make your money on the buy.

          Anyhow, I appreciate all the effort gone into ebay, and you have given a complete course on exactly how to do it. These eBay posts are some of the best here at WF, and for me, just personally, reassures me of my decision to NOT eBay 20 years ago was a good one.

          I wish Art nothing but success in his endeavors, and I'm sure he will reach his goals. I just wonder when he does, what that 50 to 100k working CAPITAL is going to be reinvested in?

          Thanks for sharing your eBay expertise, it is appreciated.

          GordonJ

          Originally Posted by savidge4 View Post

          In no way knocking the thought process here... drop the price and sell it off fast is kind of a normal thought process... and in say regular retail it for sure works. IE Home Depot or Lowes or Walmart closeout sections and labeling - all bright yellow tagging btw.

          With online sales - my experience - is low pricing is "To good to be true" pricing, and the item will not sell.

          Bigger transactions numbers is a bit of a conundrum on eBay - YES it sells but mathematically 80% of sales on eBay are $20 and less... 95% ( including the 80% under 20 ) fall under $100. so you drop for a "should be" 3% sell through rate down to .15% sell through rate ( pay attention to the decimal point therer )

          We / I find there has to be a balance of low and high for a level of consistency.

          the 20% mark-up vs the 3x mark-up In both cases it requires understand the sell price and the buy price. At the end of the day mathematically... smart buying with 3X is a landfall winner.

          a $5.00 COG and adding 20% you are selling for $6.00 and making $1.00 VS buying smart and buying a $5.00 item and selling for $15.00 some quick math and its a 10:1 sell ratio Chris is selling 100 items and I am selling 10. I am hoping laying this out might shed some light on the contrast of needed sell through rate... you dont have to sell 30 items a day, to meet his ( Chris' ) numbers, you have to sell 3.

          The BUYING process is the most critical ere ( in both models ) you can look at "Sold Items" and see with your own eyes what someone will pay for an item. can you buy it for 1/3 the price that item is selling for? OR can you buy it for 20% less than what it is selling for? In both cases - you have to really have a grasp on how much to pay for an item.

          The selling an item a day is a bit concerning to me. 300 items listed and you should be selling 9 a day give or take. There are 3 variables at play here... Photos, Title, and Price. Somewhere in the 3 is the hang up.

          I am going to guess... its either Photos or Price.

          PHOTOS: I would be investing in this: ( https://www.amazon.com/LTRINGYS-Fold...3d670b6bc&th=1 )

          Or because you are doing clothes a piece of foam board ( like Chris ) and these ( https://www.amazon.com/UBeesize-Phot...0-4513d670b6bc )

          I can not say this enough, if you are not using a white background and I could care less what anyone else says... WHITE WHITE WHITE background. eBays own stats, white backgrounds increase sales by 18% ( increased since i posted stat a few years ago )

          PRICE: With a few exceptions... any and every item we might sell there are Sold Comps. If ALL the sold comps are Auction sales, selling for like what you pmight pay for an item, dont buy it. If the majority of comps are Auctions, dont buy it.

          Outside of that... you are looking at free shipping listings, and cost + shipping listings - to figure out the actual MARKET value of the item. Look at the listings and strick an average... you dont want to be the least expensive, and you dont want to be the most expensive - kinda right in the middle... I have said this before I will say it again. Take the YOU out of this part of the equation... the buying process...and the listing process ( in terms of pricing ) should be dictated by MARKET value. The minute "I think" or "I feel" or "it retails new for"or whatever else gets in there, you are shooting yourself in the foot - Follow MARKET pricing.

          Free Shipping, Market pricing, and white backgrounds, and you should jump into 3% of inventory sales a day.

          It might not be rocket science, but I have beat the math to death on how to optimize the selling process on eBay. Chris has as well... but imagine getting into Chris' number of sales with the 3X principle... Chris is selling 200 400 items a week and you only have to sell 20 to 40. Your not that far off, and fine tuning the process (and I can tell you there is something off kilter ) you WILL see the results.

          Hope that Helps!
          {{ DiscussionBoard.errors[11742518].message }}
          • Profile picture of the author art72
            Originally Posted by GordonJ View Post

            We know Art has met other people who buy lockers/storage units full of stuff, if he offered all 300 items, for say 8 dollars each, would it be easier to sell? 2400 to 2700 lock, stock and barrel? Would that be enticing?

            Actually, this is part of the future plan, to acquire multiple items via; storage and other bulk buys, and in that light, "YES, we absolutely could lower the costs per item, move way more inventory, and still make bank!"

            That is and has been "part of this plan" from Day 1 - the irony being, I believed we'd be seeing greater returns, bigger weekly/monthly payouts. Thereto, some of the larger items; household, furniture, and heavier items will need to be moved through local markets, and other means... as I cannot imagine trying to ship some of the bigger items with shipping costs being so high right now.

            Back when we did storage auctions and had a 4/2 house with a 2 car garage, we'd pull $2500 - $3000 having yard sales... at that time we had a huge Catholic Church across the street - and, they held football, basketball, soccer games nearly every weekend.

            And, you know the funny part about that experience - is we kept all the high end antiques, collectibles, and high end stuff... we were just selling off the everyday household items and pulling an extra $4000 - $6000 per month back in those days, on a side-hustle (part-time).

            With what I've since learned about the internet and seller platforms, there is far more opportunity to list & sell online - even selling globally was never something I would have ever imagined being (or becoming) a reality.
            Originally Posted by GordonJ View Post

            Not that he would, should or even could do it, staying the course and working out the kinks and fine tuning the process is more than likely a better route for him.
            Staying the course, working out the kinks and fine tuning this online sales flow, is definitely more involved than I imagined... honestly, it is not rocket science, but it is not nearly as easy as I anticipated it would be either!

            Originally Posted by GordonJ View Post

            As for "you have to really have a grasp on how much to pay for an item", is the whole idea of making a profit. And with the tools today, as you mentioned, we can quickly, easily know what the market will pay for any given item, be it a 20 dollar shirt, or a 20,000 tractor. It has always been the mantra of buying and selling/flipping....you make your money on the buy.
            See... I find the buying aspect the easiest part of this endeavor, as there is no lack of items available to return those 3X (*or greater returns) - the tools are there to determine which items have a faster sell through rate (*and, obviously clothing is not one of them in our experience), even though the returns have been great when it does sell! Part of the problem is "spending budget" - I mean, if we could buy more bulk, we could list more, sell more, and if need be; hire a couple people to do the menial tasks that eat up our time... and even then, I think a "one man band" could do $250,000 per year by themselves with the right disciplines, maybe more!

            Originally Posted by GordonJ View Post

            Anyhow, I appreciate all the effort gone into ebay, and you have given a complete course on exactly how to do it. These eBay posts are some of the best here at WF, and for me, just personally, reassures me of my decision to NOT eBay 20 years ago was a good one.
            Originally Posted by GordonJ View Post

            I wish Art nothing but success in his endeavors, and I'm sure he will reach his goals. I just wonder when he does, what that 50 to 100k working CAPITAL is going to be reinvested in?
            The simple answer.... "MORE ADVERTISING" - "More funnels" - "More Offerings" - be it digital, physical, or a mixture of both... the ultimate goal is to TEST a THEORY in automating a lead generation sales flow and feeding other business owners, service providers, and contractors alike... (Let Freedom Ring, LOL) <--- but I need 6-Figs to set that up, test, and fine tune my plans. I could be done with less, but to confidently reach the 7-8 figures I believe can be achieved in Advertising & Local Lead Generation Services... I do not believe there are any limits to what can be accomplished in that arena! (*I lived in those service based arenas for nearly 40 Years, and every company needs fresh leads and a good tax write-off) - So, eBay and reselling to me, was intended to fund the bigger mission!

            Originally Posted by GordonJ View Post

            Thanks for sharing your eBay expertise, it is appreciated.

            GordonJ
            Thanks, despite my mix of excitement and frustration thus far with eBay... it is definitely leading to something bigger, I can feel it in my bones!!!

            In the end, I'm not sure it matters WHAT YOU SELL - You just need to sell MORE of IT! And, the more you can leverage the knowledge, tools, and resources available... the greater the odds are of achieving success. I want to teach people, but first I have to PROVE to MYSELF it WORKS!!!!
            Signature
            Atop a tree with Buddha ain't a bad place to take rest!
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            • Profile picture of the author GordonJ
              Originally Posted by art72 View Post



              In the end, I'm not sure it matters WHAT YOU SELL

              - You just need to sell MORE of IT! And, the more you can leverage the knowledge, tools, and resources available... the greater the odds are of achieving success. I want to teach people, but first I have to PROVE to MYSELF it WORKS!!!!
              When you go full circle around and get back to this simple idea, you no longer are concerned about shipping, or storage, or supply, or sourcing, all of that (you know its coming)...slop and mess of buying and selling on eBay falls away.

              Because, it doesn't matter what you sell.



              With your hard acquired knowledge, the tools, and resources you are building, it will become so much easier to implement. When the flip has 4 and 5 figure profits, it also means you not need sell more, in fact, less works better.

              I understand, get and realize this simple concept is hard for many people to wrap their head around, but at the same time, all the "work" activity of eBay must feel as if one has earned a good nights sleep after a hard day in the mines.

              I can't wait to read your take on it, at the year's end of the journey, which is probably going to be the starting point of the next thing.

              GordonJ
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              • Profile picture of the author art72
                Originally Posted by GordonJ View Post

                When you go full circle around and get back to this simple idea, you no longer are concerned about shipping, or storage, or supply, or sourcing, all of that (you know its coming)...slop and mess of buying and selling on eBay falls away.

                Because, it doesn't matter what you sell.



                With your hard acquired knowledge, the tools, and resources you are building, it will become so much easier to implement. When the flip has 4 and 5 figure profits, it also means you not need sell more, in fact, less works better.

                I understand, get and realize this simple concept is hard for many people to wrap their head around, but at the same time, all the "work" activity of eBay must feel as if one has earned a good nights sleep after a hard day in the mines.

                I can't wait to read your take on it, at the year's end of the journey, which is probably going to be the starting point of the next thing.

                GordonJ
                Those small hard earned wins "do feel good" and lately, it is almost 'as if' I entered into an "echo chamber" - something you just said; literally word for word, was exactly what the guy seeking to sell off all his prized possessions (*musical instruments and drum sets) said to me in a text message last night...

                He said; "Art,sometimes less is better" and he's someone with 22-years military veteran experience, 82nd Airborne, and retired a Major in the military.

                He is an arsenal of information... and, he's getting ready at 69-years-old to sell off everything he owns to take a sabbatical to Costa Rica or Panama, and as he puts it - to find himself and just "go fishing" without the stress, pressure, or costs he is experiencing living here in the U.S.

                I mean, this is a guy who has fought in wars to defend our freedoms, and he is deadset on going elsewhere - to live his own dream.

                I think he (*like other here, and yourself) are encouraging me -not to procrastinate, waste time, or energy fueling what many others define as success... it seems to boil down to pursuing your own happiness, passions, and definition of success -at the end of each day

                So many people are "professionals" in their careers, but appear as amateurs in finding themselves and in fueling their innermost passions, dreams, or in that which I define as; "One's Rightful Inheritance!"

                You're not the first person egging me on to pursue my writing passions...

                In fact, I feel it is worthy to note a recent experience...

                A guy named John S contacted me on messenger - stated he is collaborating with *10-12 writers - and asked if I would be interested in making a small investment to being (*becoming) an Amazon Best Seller?

                He laid out all the details... and the subject matter resonates with what I enjoy writing about; non-fictional, philosophical prose concerning;

                "Finding your meaning and true purpose in life."-something I am still trying to define, lol

                After considering his offer (*and belly aching a bit over the $1000 buy in -or-5 payments of $200 to secure my slot) -I politely responded; "I am not quite there yet as I have my hands in 3 different cookie jars, start-ups, and not of them are roducing enough or sustaining my inner-hunger!"

                It's not all financial either... it's fixing my near 32-year relationships,making peace with my son,and still finding time to provide,produce, and provision for the bigger ambitions I possess.

                My response was a bit more in-depth... but, the I saw what he was doing... and mentioned; "I love what you are doing and it reminds me of Jack Canfield's Chicken Soup publications -collaborating with multiple author's and selling 500 Million+ books... that is HUGE!"

                He responded with a picture of Jack Canfield and himself, and it just blew me away, as if I knew who taught him this process, before he even told me they'd collaborated and worked together in his past!

                Much like you with Harvey Brody... or anyone who chose good mentors and, continually bridge credit and credibility in fdoing so... much like this forum provides!!!

                He admitted Jack was a huge influence and it changed his life. He's done 33 Amazon Best Seller's and we ended on a note, that in the future - I would love to entertain that opportunity!

                Thereto, what was (*or is it) stopping me from "doing it right now?"

                I know the answer, and it is neither money, nor the investment...

                I feel to TEACH, I need the other 1/2 of the story... the part where I can establish that "The Process Works Flawlessly" - OK, maybe not flawlessly... just that it WORKS, period!

                Once, I can establish that... I can rid the second guessing, silence the pessimist within, and feed the optimist better dialect, dialogues, and of course, finish the story, report, or book(s)... with AUTHORITY! (*literally!!!)

                Granted some say; "fake it til you make it" and that too can work for some people... it doesn't resonate well with me - when the person staging the foundation(s) never built on their own lands so to speak.

                Same issues I have in losing my passion for building and renovating homes, pools, buildings, etc...

                I just walked away from what would easily be $20k - $25k finishing a new construction home for a guy.

                It's his 1st house build... he's ignorant,clueless, and wants to "dictate"what he believes his money can buy...

                I can build his house and 1000 more with little thought -it's almost 2nd nature after nearly 40 years in the trenches...

                But, I'll be damned if I'd follow a blind man I to war for any amount of money!

                The other issue with PASSION -is there almost has to be an emotional attachment.

                Yet, people say or suggest... "never let your emotions get in the way of business!"

                Ok, what if you consider your passion to be the business -now what are you going to do about that incessive creature within that screams; "run,fight, or sit on the side lines and take notes"-unless you are content being a cheerleader - I cannot imagine being passionate about anything, and being void of the emotion(s) that fuel su h pursuits...

                Be it...

                Mental
                Physical
                Spiritual

                Or...

                Financial.

                Maybe the hard part is aligning the 1st (3)which we can control... Whilst finding the means or resources (*externally) to manifest the dream into a reality... which requires something of value in the offering, exchange, or in Layman's terms; the sales transactions we choose to invest our time,energy, and skills to establish SUCCESS,by whatever means, you, I,or others define; success.

                To the military vet I am working with (*or trying to help sell off his collections) -his version of success is a BNB in Costa Rica and being able to fish all day without a care in the world.

                Now that is a worthy goal in my opinion...

                But, he cannot afford to live that dream in a country he served, so he plans to "jump the pond" where he can live far better,cheaper,and still not sacrifice the immunities he is accustomed to... outside of selling off his old dreams for a new path!

                It's sad and it's equally brilliant.

                Puts me in awe... to think, his dream is to leave his own country to live better!? (*WOW) Mindblowing!!!

                So... what, how, and why did I choose eBay?

                To break old routines, create new habits, build a scalable income (*if not multiple streams of revenue) and lessen the reliance I placed on "digging for that proverbial gold, and doing so employed by those paying me to dig for that treasure!"

                They can keep the gold, I just want to design a better shovel, and sell more of them to boot, LOL.
                Signature
                Atop a tree with Buddha ain't a bad place to take rest!
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                • Profile picture of the author GordonJ
                  Thanks for your detailed response. I just want to make one more comment.

                  As an example, say I bought a house in Ft. Pierce with a broken swimming pool, and I asked you about Timmy the pool guy, whom I want to hire. You might come back with an opinion or an offer, and I say, "Yea Art, I think you can do it, but I want to hire a pro, like Timmy, someone in the business". I can feel the steam from your ears, eh?

                  The whole argument about faking til you make it or IMPOSTER sYNdROME, whatever the self doubt is...once you learn to acknowledge your expertise and experiences from what you have done, can do...then it isn't about being an imposter, it is about POSITIONING. See?

                  What you have written here and in the mind forum the last couple of years is as good as many of those turn of the century gurus of Manifestation, New Age, New Thought...and really, what were their qualifications to write these things? Many were just business people, selling subscriptions, selling courses, books, with absolutely NO BACKGROUND and then add to the mix, that metaphysical works were, and still are by many...considered to be out there, weird, strange, hocus-pocus B.S.

                  Savidge4 has shared his process, I especially like the pet rabbit to million dollar greenhouse story.

                  What is the process for repairing the pool? What is the difference between your process for the house and this new guy who has never done it and wants to dictate the how?

                  When you look at it this way, are you an imposter at pools? Houses?

                  Selling ice cream from a truck? NO of course not, and there isn't any bar you have to jump over to share your FAILURES as much as your success (60k a year with ice cream)...just as you are documenting your eBay journey.

                  So, with this thread, you've established sort of a template, if you want to follow and there is no further need to gain the expertise.

                  I know of many Ex-Pats, especially older Vets, young boomers to Desert Storm, who have opted out of US rat race and hit the better living conditions of S.E. Asia, P.I., Costa Rica, and many other exotic places where the cost of living is far cheaper.

                  Anyhow, don't sell your self short, sure if you want to teach how to make 100 k a year on ebay, you will need to hit that mark. But what more do you need for, say, HOW TO SELL ICE CREAM FROM A TRUCK FOR FUN AND PROFIT.

                  Leverage your past success, and the markets which still exist, as you continue your journey.

                  GordonJ


                  Originally Posted by art72 View Post

                  Those small hard earned wins "do feel good" and lately, it is almost 'as if' I entered into an "echo chamber" - something you just said; literally word for word, was exactly what the guy seeking to sell off all his prized possessions (*musical instruments and drum sets) said to me in a text message last night...

                  He said; "Art,sometimes less is better" and he's someone with 22-years military veteran experience, 82nd Airborne, and retired a Major in the military.

                  He is an arsenal of information... and, he's getting ready at 69-years-old to sell off everything he owns to take a sabbatical to Costa Rica or Panama, and as he puts it - to find himself and just "go fishing" without the stress, pressure, or costs he is experiencing living here in the U.S.

                  I mean, this is a guy who has fought in wars to defend our freedoms, and he is deadset on going elsewhere - to live his own dream.

                  I think he (*like other here, and yourself) are encouraging me -not to procrastinate, waste time, or energy fueling what many others define as success... it seems to boil down to pursuing your own happiness, passions, and definition of success -at the end of each day

                  So many people are "professionals" in their careers, but appear as amateurs in finding themselves and in fueling their innermost passions, dreams, or in that which I define as; "One's Rightful Inheritance!"

                  You're not the first person egging me on to pursue my writing passions...

                  In fact, I feel it is worthy to note a recent experience...

                  A guy named John S contacted me on messenger - stated he is collaborating with *10-12 writers - and asked if I would be interested in making a small investment to being (*becoming) an Amazon Best Seller?

                  He laid out all the details... and the subject matter resonates with what I enjoy writing about; non-fictional, philosophical prose concerning;

                  "Finding your meaning and true purpose in life."-something I am still trying to define, lol

                  After considering his offer (*and belly aching a bit over the $1000 buy in -or-5 payments of $200 to secure my slot) -I politely responded; "I am not quite there yet as I have my hands in 3 different cookie jars, start-ups, and not of them are roducing enough or sustaining my inner-hunger!"

                  It's not all financial either... it's fixing my near 32-year relationships,making peace with my son,and still finding time to provide,produce, and provision for the bigger ambitions I possess.

                  My response was a bit more in-depth... but, the I saw what he was doing... and mentioned; "I love what you are doing and it reminds me of Jack Canfield's Chicken Soup publications -collaborating with multiple author's and selling 500 Million+ books... that is HUGE!"

                  He responded with a picture of Jack Canfield and himself, and it just blew me away, as if I knew who taught him this process, before he even told me they'd collaborated and worked together in his past!

                  Much like you with Harvey Brody... or anyone who chose good mentors and, continually bridge credit and credibility in fdoing so... much like this forum provides!!!

                  He admitted Jack was a huge influence and it changed his life. He's done 33 Amazon Best Seller's and we ended on a note, that in the future - I would love to entertain that opportunity!

                  Thereto, what was (*or is it) stopping me from "doing it right now?"

                  I know the answer, and it is neither money, nor the investment...

                  I feel to TEACH, I need the other 1/2 of the story... the part where I can establish that "The Process Works Flawlessly" - OK, maybe not flawlessly... just that it WORKS, period!

                  Once, I can establish that... I can rid the second guessing, silence the pessimist within, and feed the optimist better dialect, dialogues, and of course, finish the story, report, or book(s)... with AUTHORITY! (*literally!!!)

                  Granted some say; "fake it til you make it" and that too can work for some people... it doesn't resonate well with me - when the person staging the foundation(s) never built on their own lands so to speak.

                  Same issues I have in losing my passion for building and renovating homes, pools, buildings, etc...

                  I just walked away from what would easily be $20k - $25k finishing a new construction home for a guy.

                  It's his 1st house build... he's ignorant,clueless, and wants to "dictate"what he believes his money can buy...

                  I can build his house and 1000 more with little thought -it's almost 2nd nature after nearly 40 years in the trenches...

                  But, I'll be damned if I'd follow a blind man I to war for any amount of money!

                  The other issue with PASSION -is there almost has to be an emotional attachment.

                  Yet, people say or suggest... "never let your emotions get in the way of business!"

                  Ok, what if you consider your passion to be the business -now what are you going to do about that incessive creature within that screams; "run,fight, or sit on the side lines and take notes"-unless you are content being a cheerleader - I cannot imagine being passionate about anything, and being void of the emotion(s) that fuel su h pursuits...

                  Be it...

                  Mental
                  Physical
                  Spiritual

                  Or...

                  Financial.

                  Maybe the hard part is aligning the 1st (3)which we can control... Whilst finding the means or resources (*externally) to manifest the dream into a reality... which requires something of value in the offering, exchange, or in Layman's terms; the sales transactions we choose to invest our time,energy, and skills to establish SUCCESS,by whatever means, you, I,or others define; success.

                  To the military vet I am working with (*or trying to help sell off his collections) -his version of success is a BNB in Costa Rica and being able to fish all day without a care in the world.

                  Now that is a worthy goal in my opinion...

                  But, he cannot afford to live that dream in a country he served, so he plans to "jump the pond" where he can live far better,cheaper,and still not sacrifice the immunities he is accustomed to... outside of selling off his old dreams for a new path!

                  It's sad and it's equally brilliant.

                  Puts me in awe... to think, his dream is to leave his own country to live better!? (*WOW) Mindblowing!!!

                  So... what, how, and why did I choose eBay?

                  To break old routines, create new habits, build a scalable income (*if not multiple streams of revenue) and lessen the reliance I placed on "digging for that proverbial gold, and doing so employed by those paying me to dig for that treasure!"

                  They can keep the gold, I just want to design a better shovel, and sell more of them to boot, LOL.
                  {{ DiscussionBoard.errors[11742725].message }}
        • Profile picture of the author art72
          Originally Posted by savidge4 View Post

          In no way knocking the thought process here... drop the price and sell it off fast is kind of a normal thought process... and in say regular retail it for sure works. IE Home Depot or Lowes or Walmart closeout sections and labeling - all bright yellow tagging btw.

          With online sales - my experience - is low pricing is "To good to be true" pricing, and the item will not sell.

          Bigger transactions numbers is a bit of a conundrum on eBay - YES it sells but mathematically 80% of sales on eBay are $20 and less... 95% ( including the 80% under 20 ) fall under $100. so you drop for a "should be" 3% sell through rate down to .15% sell through rate ( pay attention to the decimal point therer )

          We / I find there has to be a balance of low and high for a level of consistency.

          the 20% mark-up vs the 3x mark-up In both cases it requires understand the sell price and the buy price. At the end of the day mathematically... smart buying with 3X is a landfall winner.

          a $5.00 COG and adding 20% you are selling for $6.00 and making $1.00 VS buying smart and buying a $5.00 item and selling for $15.00 some quick math and its a 10:1 sell ratio Chris is selling 100 items and I am selling 10. I am hoping laying this out might shed some light on the contrast of needed sell through rate... you dont have to sell 30 items a day, to meet his ( Chris' ) numbers, you have to sell 3.

          The BUYING process is the most critical ere ( in both models ) you can look at "Sold Items" and see with your own eyes what someone will pay for an item. can you buy it for 1/3 the price that item is selling for? OR can you buy it for 20% less than what it is selling for? In both cases - you have to really have a grasp on how much to pay for an item.

          The selling an item a day is a bit concerning to me. 300 items listed and you should be selling 9 a day give or take. There are 3 variables at play here... Photos, Title, and Price. Somewhere in the 3 is the hang up.

          I am going to guess... its either Photos or Price.

          PHOTOS: I would be investing in this: ( https://www.amazon.com/LTRINGYS-Fold...3d670b6bc&th=1 )

          Or because you are doing clothes a piece of foam board ( like Chris ) and these ( https://www.amazon.com/UBeesize-Phot...0-4513d670b6bc )

          I can not say this enough, if you are not using a white background and I could care less what anyone else says... WHITE WHITE WHITE background. eBays own stats, white backgrounds increase sales by 18% ( increased since i posted stat a few years ago )

          PRICE: With a few exceptions... any and every item we might sell there are Sold Comps. If ALL the sold comps are Auction sales, selling for like what you pmight pay for an item, dont buy it. If the majority of comps are Auctions, dont buy it.

          Outside of that... you are looking at free shipping listings, and cost + shipping listings - to figure out the actual MARKET value of the item. Look at the listings and strick an average... you dont want to be the least expensive, and you dont want to be the most expensive - kinda right in the middle... I have said this before I will say it again. Take the YOU out of this part of the equation... the buying process...and the listing process ( in terms of pricing ) should be dictated by MARKET value. The minute "I think" or "I feel" or "it retails new for"or whatever else gets in there, you are shooting yourself in the foot - Follow MARKET pricing.

          Free Shipping, Market pricing, and white backgrounds, and you should jump into 3% of inventory sales a day.

          It might not be rocket science, but I have beat the math to death on how to optimize the selling process on eBay. Chris has as well... but imagine getting into Chris' number of sales with the 3X principle... Chris is selling 200 400 items a week and you only have to sell 20 to 40. Your not that far off, and fine tuning the process (and I can tell you there is something off kilter ) you WILL see the results.

          Hope that Helps!
          We are definitely, re-evaluating our approach, and we have had a couple people mention in feedback that the item either looked better than the pictures, or they mentioned that the color wasn't what they expected, so, there is definitely room for improvement in our photo quality. The lighting stands and the photo box are definitely going to be essential in the future plan.

          As mentioned, we've been landing a few storage cleanouts locally, units that went to auction and didn't sell... and, truth be told, I am rethinking the whole storage auction approach as there is a ton of furniture, mattresses, and items that are neither ideal for eBay, nor fits the scope of what you've outlined above concerning; using the COMPS to establish our buys!

          I know there is a reliable formula there, and we fully intend to shift our mindset to focus more on BUYING items that have the right numbers... meaning; we CAN indeed use the tools and see what the market pricing is, and plan accordingly. I've made excuses, and have still been buying items (*again, mostly clothing) with confidence that we'll get the 3X or better.

          The storage unit plan, may not be the most efficient way to acquire inventory, and it's two-fold;

          1.) We can essentially get 1000's of items for pennies and actually do what GordonJ mentions and just price everything to sell fast - even under $10, we'd likely crush it... BUT - thereto, the amount of space and warehousing required to store the bulk items, may not be the best approach!

          2.) If we do continue that path, we will need to expand and start marketing (*and networking) more locally for the furniture and larger household items, such as entertainment centers, couches, beds, washers/dryers, lawnmowers, etc...

          ATM, I am getting ready to establish a FB Marketing account as well. I mean, it cannot hurt to use the information obtainable through eBay to utilize the FB Marketplace as well for certain items, and for the moment, they are waving the seller fees (*5% standard) until June 30th, 2023.

          Initially, I didn't want the distraction until we have eBay running at optimal performance, but the guy who wants me to help him sell off $20k - $30K in drums, cameras, and miscl stuff he's collected is largely responsible for my interest in establishing sales in the FB Marketplace.

          He couldn't understand; "How eBay works" and how we have a process/system (*That we are still fine-tuning, obviously) - doesn't permit taking sales OFF PLATFORM.

          I'm not risking my build on eBay for 15% commissions, that would be asinine! - So, I decided to create a name, business page, and set-up a shop on marketplace for Terri and I, and once I have a grasp on "How FB Marketplace works" - I'll then establish an account under his name, he'll be the business manager, and I can be added as an ADMIN with access to list and post his goods.

          Even then, I'm not sure the 15% commission will succeed the experience we'll gain in establishing a shop on FB as well.

          We are still brokering the deal to upgrade our unit to a 10x30, which we are working on cleanout here today... if Sherry (*the manager) can get the 'green light' to upgrade to that unit... I plan to actually set the warehouse up properly with a photo booth, lighting, listing and shipping stations, as well as start doing my listing from there, as opposed to trying to do it all from home.

          The expense SUCKS, no doubt as it will increase our monthly overhead by about $400 - which is near equal to what we are profiting ($400 - $600 per monthly average) - BUT, the shift in mindset may help... when I roll-up that warehouse door... I am there to WORK.

          I can be disciplined to work from home, and still... too many distractions, and it's detracting from my progress and the potential to get more work done.

          Sherry is also adamant of getting me hired on as a full-time maintenance on-site, if she can get upper-management to put me on the books. That could be a win/win, as I'll have 1st dibs on cleanouts, sellable wares and goods, I can do my shipping on-site, and even do my listing on lunch breaks and down times... there would be a HUGE benefit package to working there, for sure - even if the pay is less than my (*past) earnings.

          But, yes - everything you've laid out makes sense. The only thing that is disturbing is; everyone who hears the name of our store, instantly things it's "perverted" - which was NEVER the intention... I just happened to have the domain; RipeNJuicy(.)com and thought it could be a good brandable name for 'cherry picking" - "reselling" - and doing eBay... I'm fixing to change the name of our store as well.

          Some say; "the name doesn't matter" - I'm starting to think it actually does send the WRONG IMPRESSION - and could be another variable in WHY our store is not converting better. It's likely not the sole reason, but a possibility, nonetheless.

          Lastly, as I do plan to do more with this journey, especially what's been documented here, and what we have already learned from you (savidge4), Chris, and several others online - it would be a disservice not to consider overcoming my fear of doing some videos, once the warehouse is set-up and I can start a YouTube channel to do some video documentations as well.

          I literally hate being on-camera, but if need be; that may be another fear that needs to be overcome this year.

          In short, the only down-side to acquiring more goods through storage auctions (and/or via; doing cleanouts for local facilities) is that we really cannot (pre)determine what items we will acquire.

          Thus, our focus should be (as stated above) focused on the market data available, for sure.

          The end goal still matters; to build working capital - but I think the real goal is to stay consistent, focused, and serve more buyers. We're still Top Rated with 100% feedback, and that 200 items sold (on eBay) is a milestone that we'll likely cross this weekend... but I need to 10X our weekly payouts and to do that, I need to keep that internal fire burning a bit brighter than it has been lately.

          Who knows, between eBay and FB Marketplace - that'll be (2) of the (4) platforms I have an interest in learning - as Amazon and possibly a Shopify site may not be too far reaching in the future.

          This week, I need to stage, photo, and get set to list more on eBay first and foremost and set-up and TEST FB Marketplace with a few items, as I've committed to helping Robert (ex-Pat) get his stuff sold through FB, and deduce his storage fees... This guy has a ton of valuable items, and he just wants to go fishing - and, I can relate to that, hopefully I won't need 19 more years to get there... (maybe 3-years; if I play my hand right?)
          Signature
          Atop a tree with Buddha ain't a bad place to take rest!
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          • Profile picture of the author DWolfe
            Art, first off order a photo box ASAP. It will make your life so much easier, with picture qualities. Savaidge makes that point for a very good reason. You should have had one by now if you did not. Here is what I used in my bedroom with just natural sunlight and an overhead light turned on - https://www.amazon.com/gp/product/B0...?ie=UTF8&psc=1

            Why not just try placing 1-2 ads on FaceBook before going into more debt creating a Marketplace setup? It is very easy to do as a private seller. Not sure what the cap is on how many items you can sell. Just take pictures of the item like you would for eBay and a solid description.

            Some information about FaceBook ads. You will get a lot of time wasters, no-shows, and tire kickers. Prepare for it in advance. The first people to see your ads will be other sellers that will ask for a price discount. List the item for $1,000.00 and you will see offers in the $ 500.00 to $600.00 range. Others will ask if the item is still available and you never hear back after that. If someone wants to pick up an item. You have to be 100 specific with the time to pick up the item. You could still end up being ghosted or they come later than expected. Your time is valuable, make sure buyers are fully aware of it.

            Just my .02

            Added - One final point, close the ad out on Facebook as soon as you get paid!




            Originally Posted by art72 View Post

            We are definitely, re-evaluating our approach, . The lighting stands and the photo box are definitely going to be essential in the future plan.



            The storage unit plan, may not be the most efficient way to acquire inventory, and it's two-fold;

            as entertainment centers, couches, beds, washers/dryers, lawnmowers, etc...

            ATM, I am getting ready to establish a FB Marketing account as well. I mean, it cannot hurt to use the information obtainable through eBay to utilize the FB Marketplace as well for certain items, and for the moment, they are waving the seller fees (*5% standard) until June 30th, 2023.


            I'm not risking my build on eBay for 15% commissions, that would be asinine! - So, I decided to create a name, business page, and set-up a shop on marketplace for Terri and I, and once I have a grasp on "How FB Marketplace works" - I'll then establish an account under his name, he'll be the business manager, and I can be added as an ADMIN with access to list and post his goods.

            Even then, I'm not sure the 15% commission will succeed the experience we'll gain in establishing a shop on FB as well.
            .

            The expense SUCKS, no doubt as it will increase our monthly overhead by about $400 - which is near equal to what we are profiting ($400 - $600 per monthly average) - BUT, the shift in mindset may help... when I roll-up that warehouse door... I am there to WORK.

            Signature


            You can earn 10% average annual returns on your investments - https://app.groundfloor.us/r/m2aa7b
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    • Profile picture of the author lvvheights
      Amazing effort man. Keep it up. As long as you don't give up you got it.
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  • Profile picture of the author art72
    Whilst the last 3 posts contain a ton of value, to wit; I'll respond to later this evening...

    One thing I know for certain is; I need to access our weekly sales more thoroughly. My bookkeeping skills are neither on-point, nor that difficult to correct upon.

    When I began this thread... one of the main intentions was to document our buyers costs and seller fees... including shipping labels, materials, and everything to required by us to determine the actual profit... per sale, down to the penny.

    I know with great accuracy what we acquired each item for at costs... and, having gained experience with the shipping costs... it is not that difficult to weigh our costs against our weekly payouts, and know with confidence we've exceeded the 3X model... indicating a stubbornness to let items go at that 300% target ROI.

    Thus, I believe our pricing is not competitive enough to move the inventory quicker!!!

    Also, I am far from being a professional photographer, as I still struggle to exercise the patience to increase the quality of our presentations.

    No excuse, as a cheap phone camera, better lighting, and some more patience (*time) can resolve that issue, no doubt.

    I mean, if need be - I too am pretty good with photoshop, which I have - and seldom use for eBay pics, as I could modify at least the main photo in just a few clicks.

    I have not found much success with the background eraser tool... as it only seems to work well with drastically differing the item colors and the white background... which is 98% of all our listings.

    So... the problem is most likely "our pricing" - I'd say that is 80% of the problem right now and 20% is likely due to poor images and our photos...especially; the main photo.

    I am ranking in Google SERP's - as our titles and keywords are getting traction outside of eBay.

    The only other REAL weakness I can account for at this time is I am not promoting our items on other platforms, social media, both FREELY and/or via; paid ads outside of the 2% eBay sponsored ads they run for us.

    I'll respond to some key points made by both Gordon and Savidge later this evening.
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  • Profile picture of the author rclemente
    Hello, how is everyone doing?

    That's a nice goal I hope you get it, and your work ethic sounds great so work wise you will be fine. The key is to just keep at it like you are doing consistently, and you have a plan as we all know Nobody Plans to Fail They Just Fail to Plan so go for it!
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  • Profile picture of the author art72
    Quick note...

    We sold a pair of King Baby Driver II Sunglasses in the original case for $100 a couple weeks ago...

    We acquired the item in a storage cleanout, so we had no financial investment.

    But, the buyer contacted us, stating the item was "warped" and "doesn't fit"

    I suggested he file for a refund through eBay and upon return of item and inspection, we'd glady refund his purchase.

    The item arrived last week... I opened the box, confirmed the case and contents were indeed the item we sold. I even put the glasses on my head, and they did appear to be oddly shaped on my head!

    Went ahead and refunded the customer... And, went back to work staging, itemizing, and photographing items to be listed...

    In that light, I noticed some very faint "burn marks" that were not immediately visible when I initially inspected the items.

    The buyer clearly attempted to blow torch (modify) the plastic frames to fit his head!!!

    Now, this was literally 15 minutes after I approved the REFUND!

    OOPS...

    Called eBay and after *30-40 minutes LEARNED a valuable LESSON...

    If you voluntarily issue a refund and eBay processes (*or has already processed) that refund...

    YOU lose the power to file a dispute and recover your loss(es)

    Granted, I knew better and should have inspected the items more thoroughly!!!

    Thus, if YOU SELL anything on eBay and the buyer requests a refund... Do your diligence and be 100% sure the buyer didn't destroy the item and render it useless and unsellable!!!

    Again, we had no cash investment - just a time loss...

    But to anyone who MAY NOT BE AWARE...

    *IF you volunteer a refund - no matter what damage the buyer inflicted on your product - YOU LOSE!

    Whoops... Guarantee that will NEVER happen again. I just cannot believe "I missed the fact" he burnt the damn frames, what a d... - then asked for a refund.

    In the words of Jackie Gleason to his ol' pal Ed Norton... "Why I outta!!!!"

    Trying to switch up some things here shortly... If all goes well by April, our focus, inventory system, and PROCESS is about to SHIFT towards allocated better, smaller, and more easily acquirable items...

    To date, I have listed in excess of 534 items, sold 222 items, and despite that being decent... I think we can do much better with the overall sell-through times and more importantly; the daily sales conversion...

    According to savidge4 we should be aiming to sell 3 items per day for every 100 items listed... Even with a current sales conversion of 2.5% we are still only moving 7-12 products per week...

    That's not acceptible - time to refocus our attention to building better inventory items!!!

    To be continued...
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    • Profile picture of the author GordonJ
      Originally Posted by art72 View Post

      Trying to switch up some things here shortly... If all goes well by April, our focus, inventory system, and PROCESS is about to SHIFT towards allocated better, smaller, and more easily acquirable items...

      To date, I have listed in excess of 534 items, sold 222 items, and despite that being decent... I think we can do much better with the overall sell-through times and more importantly; the daily sales conversion...

      According to savidge4 we should be aiming to sell 3 items per day for every 100 items listed... Even with a current sales conversion of 2.5% we are still only moving 7-12 products per week...

      That's not acceptible - time to refocus our attention to building better inventory items!!!

      To be continued...
      .
      This "feels" like a good shift, we're excited to see what comes next, thanks for sharing your journey, all good stuff will come out of it, one way or the other.

      GordonJ
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  • Profile picture of the author art72
    Well... to add to that shift, I too just took a F/T job as a dismanteler for an auto salvage/recycling company (*junk yard dog, lol) that pays hourly, overtime, and offers incentives for 10 (or more) vehicles dismantled in a week...

    From what I've gathered (*and was rather shocked to learn) is the average dismantled there makes $1200 - $1500 per week Mon - Fri 8am - 5pm.

    To keep this in-tune with the eBay journey and the PROCESS of avoiding the temptation of tapping into the eBay payouts... this may prove far more consistent to wit; I won't be bringing my work home like the 'home improvement' and the set schedule will either prove I can be disciplined doing BOTH eBay and maintain the 8 - 5 gig...

    Plus, there's a ton of money being made through eBay motors and selling of car parts as well... so, it could be equally educational should I decide to do some buying/selling of Junk cars, boats, motorcycles, etc... again, my neighbor sells parts on eBay and seems to do well from his backyard shop - he has items out front everday that the post lady scans and picks up!

    Staying optimistic... and the home improvement gigs around here were paying (*about) what a job at McDonald's or Burger King now pays... so I am long overdue due for a CHANGE of atmosphere... and, I happen to know a little sum-sum about mechanic work, so it should be a quick study to learn their process and get over 10 vehicles done in a 5 day week which pays $1200...

    I have my daughter to thank for this one... she told me the guys that work there were making good money, as she cashes their checks at her PNC branch.

    CONSISTENCY...

    That is the KEY that I NEED to hit the eBay goal by August (*or therein or about!!!).

    Either way... money is still the bi-product and until I re-train my brain to PROCESS steady and consistent growth... nothing else matters!!!
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  • Profile picture of the author art72
    The past few weeks have been brutal...

    We've resorted to printing our shipping labels and dropping items off at a "USPS blue box" nearby, as I am working 50 hours per week again.

    Sadly, despite the USPS pick up times being 1:59 pm, they are "failing" to scan items before 3pm EST (Noon PST) - And, as a result we've nearly lost our "Top Rated Plus" status... as our upload and scanning times have taken a huge hit.

    Our mail-lady doesn't come until well after 4pm (most days) - so we're sitting "on the fence" @ 95% Upload and scanning... which was 100% - when I was taking items to the post office!!!

    Meanwhile, I've been neglecting our store as the "flu" and total physical burnout hit last week... barely made it through the week without calling in sick!

    In fact, last week was the 1st week I missed my $600 dismantling bonus for 10 cars... only got 8 vehicles done last week - which cut my check in half.

    In the next couple weeks I'll be making some new eBay buys... and getting back on track.

    I think this may be the 1st time our eBay store failed to pay for itself in sales... we've seen nearly a 40% drop in impressions and traffic, largely due to my failing to list a minimum of *1-2 items per day (for the last few weeks)... so right now, our store appears to be "dead in the water"- momentarily!!!

    Meanwhile, I plan to get a balance between the daily grind and get some new inventory for eBay...

    Good news is... we are "debt free" and after this next check, we (should) be able to live on 50% of my JOB income, and start buying better merchandise for eBay!!!

    Still in the game... just wore out these past few weeks!
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    • Profile picture of the author DWolfe
      Originally Posted by art72 View Post

      .. we've seen nearly a 40% drop in impressions and traffic, largely due to my failing to list a minimum of *1-2 items per day (for the last few weeks)...
      Art have you considered letting your wife or daughter create the drafts during the day? Then when you get home at night all you have to do is edited or list them.
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