Archives for March 2019

What Sold On eBay

On Monday, March 25, 2019, I sold one item on eBay.

1. I sold a Franklin Spelling Ace Electronic Speller With Thesaurus SA-206S via Best Offer.

The buyer had sent a lowball offer for 70% off the asking price on Sunday and I responded with a 30% off counter offer that they accepted on Monday. This is a perfect example of why you always counter, even if we’re starting low.

This was listed a few weeks ago and was picked up at a thrift store. Easy flip, BOLO.

Drunk Shopping

According to Finder.com, drunk shopping is a big thing here in America. A $39.4 BILLION thing!

More than a quarter (26%) of Americans admit to shopping under the influence, totaling some 53.4 million people, according to the latest Drunk Shopping survey from finder.com, an annual survey of roughly 2,000 American adults about their boozed buying habits.

Collectively, Americans spent $39.4 billion on drunk purchases in the past 12 months, up from last year’s $30.43 billion.

And what are they spending their money on? Take a look!

This may explain why eBay buying habits don’t make sense and why I get negative feedback that simply claims, “I did not order this”. It also strikes home that you may want to be in the “best match” search to cash in on this buying habit. Or maybe you don’t so you can avoid problems such as unnecessary returns, chargebacks & negative feedback.

What’s Selling?

What did you sell yesterday and on what platforms? How are your sales going?

What Sold? Nothing.

I would typically place this segment into the Monday morning “What Sold” post, but there’s a slight problem. Nothing sold on Sunday.

The only activity was a low offer that was 29.4% of the asking price. As in the offer was for 70% off. I countered 30% off and they did accept the counter this afternoon, so there will be a What Sold post tomorrow. Always counter.

2019 Q1 W12 Sales Recap

Quantity wise we sold 5 items last week. 1 at the antique mall and 4 on eBay. There’s no way to sugar coat it. Last week was our worst sales week of the year and almost the worst sales week since we scrapped our old website and relaunched the main eBay store in 2017.

Week 11 made it look like we were going to have an upswing, but the graph above tells a different story. For reference, we sold 32 items in Week 12 of 2018, and as stated last week too, we had less inventory listed. Week 13 last year started a sales slow down that continued until Week 32 in the third quarter. Let’s hope that’s not the case this year.

The Inventory Plan

As mentioned yesterday, our eBay goal is to decrease listings on the platform. While that may seem counterproductive, what we really want on eBay are things that will sell within two-three months of listing. We currently have items that have been listed for up to 18-months. While we have been selling some of these older items lately, they are taking up valuable real estate online and in our physical inventory. Much like bricks & mortar stores clear out items, it’s a good idea for e-commerce as well.

Going into 2020 we plan to list certain items on eBay for 2-3 months. If they do not sell within that timeframe they will either be moved to Fazoom.com or a different platform such as Mercari or Etsy. In the 12-18 month window, most items will be evaluated and a decision made as to their future. Only our main lines of small merchandise will be exempt from evaluation.

What Is Your Inventory Plan?

Do you have a policy for your inventory? If so, what does that look like? What tips do you have for other resellers?

What Sold On eBay

On Saturday, March 23, 2019, I sold one item on eBay.

1. I sold a Miami Heat Checkered Adidas Painters Cap at the asking price.

This was listed in 2018 and I think it was picked up at a thrift store.

Hats are typically a decent seller for us, though I always anticipate storing them for up to a year before they do sell. In this case, we have a fitted hat, which always narrows down the potential buyer pool as well.

What’s Selling?

What did you sell yesterday and on what platforms? How are your sales going?

What Sold On eBay

On Friday, March 22, 2019, I sold one item on eBay.

1. I sold a Coast 30 Cassette Tape Storage Case via best offer and a 3% promoted listing.

This was listed some months back and I picked it up at a thrift store. In “The Bins” to be exact.

I usually stick to Case Logic and in a little better shape than this one, but I thought I’d give it a try. If I could get these for under a dollar I would probably pick it up again since cassette tapes seem to be hot right now for some reason.

What’s Selling?

What did you sell yesterday and on what platforms? How are your sales going?