Selling on Ebay – Learning From Other Sellers

4/3/14

You are the sum total of everything you’ve ever seen, heard, eaten, smelled, been told, forgot – it’s all there. Everything influences each of us, and because of that I try to make sure that my experiences are positive. ~Maya Angelou

I love reading other blogs to learn everything I can about the Ebay business.  The post today will feature some things that I’ve learned recently and applied to my online store.

A couple of weeks ago there was a toy consignment sale at a local school.  Hubby and I left the kids home and took off for the sale early in the morning (ages almost 15, 12 and 8 – we’ve just recently started letting them stay home by themselves – so nice).

I do wish I had Becky from Treasures In Thrifting Land with me so that I could observe her.  She’s the queen of kids’ toys.  We spent $42 and bought a whole bunch of cool stuff.  Here are a couple of things that have already sold from that sale:

I paid $7 for these wood puzzles (which I have already read somewhere that they sell pretty well).  I accepted a bo of $25 plus shipping.

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The shipping on these PVC figurines was under $3.  These actually sold to a buyer that lives really close by.  I also have listed Snow White and the 7 dwarfs.  I paid $3 for each of these sets.  But I left behind a whole bunch of others, there was also Nemo.  But I didn’t buy more because I thought they did well, but wasn’t exactly sure and I had really bad internet connection and couldn’t look them up.  Should’ve bought them as they do better than these.  I may have read about these on Becky’s blog, or someone else’s and I’m sorry that I don’t recall where, but thank you for the tip.  Just make sure that you include Cake Topper in your description (very important).

I’ve also started watching Gilldaddy on Youtube.  They sell mostly electronics.  This is the kind of stuff that my hubby is more likely to look for at thrift store.  We picked up 3 CD Changers in the last couple of weeks.  Here’s one that sold a couple of days ago:

I accepted a best offer of $29.99 plus shipping.  We paid $3.99 for this one.  They all range between $3.99 – $5.  It is important to test these though to make sure they work.  We plug them in at the thrift store, but unless you bring CDs with you (which I think I will keep in my purse from now on).  You can’t fully test them, however.  You’d also need to hook up some speakers to make sure the audio works.  We took a chance and two of them work perfectly.  One wasn’t working, but we can still sell it for parts for around $20.  I actually sold the other one too (was going to Israel), but then the buyer asked to cancel that he had made a mistake (maybe shipping was too much as it was almost $100 shipping).

Thanks to Gilldaddy and his videos, we also picked up an aquatic filter for $4 that we will probably make about $40 just parting it out.  Replacement parts are awesome!  I just wrote about it HERE.  Hubby actually bought it for himself, but we always check completeds first and he decided to sell it.

I was reading Kari’s blog recently and noticed that she had sold a Pot Holder and it got me thinking.  I had a brand new Pampered Chef pot holder in a Goodwill Donation pile in my basement and decided to do a little research on it.  I had bought this thing probably 15 years ago and never used it.  It came with oven mits that I did use though.  I was cleaning out my kitchen cabinets when I found it.  Can’t believe I almost gave it away.  It sold within a month for full asking price. It was under $3 shipping. Thanks Kari!!!

The first day after I had it listed I did get a lowball offer of $5.  $5 really??  With free shipping?  I try not to get mad..really I do.  LOL  I’m starting to do automatic decline offers now too.  Do I really need to get my blood boiling because of silly buyers?!

Good ‘Till Cancelled Fixed Price Duration – is what I had for all of my listings (which I learned from The Danni App a long time ago), but read somewhere that if you don’t cancel that and change to 30 days or whatever, these listings become stale and don’t really show up in search results.  There is a lot of conflicting info, but I went ahead and cancelled all of my listings and relisted them using “Sell Similar”.  It sure worked for me, the first day after I did this, I received 4 best offers and hadn’t had much traffic at all prior to that.  Anyone else find this to be true?

So what have you guys learned recently that you’ve implemented into your Ebay selling business?

 

 

Do You Play Board Games? Ebay Inventory

3/14/14

Last weekend we went over to our best friends’ house (my best friend married my hubby’s best friend! :) .  That same day we went thrifting and I found a brand new Fact or Crap game.  I had one at home, but picked this one up cause it was brand new and only $.99 (insert Macklemore Thrift Shop Song).  At first I thought maybe I’ll resell it, but they don’t go for much.  So I decided to take to to their house instead.  Gotta say that it was a lot of fun to play.  I almost pee’d myself at one point we were laughing so hard.  It’s not just the game, it’s the company! LOL  Although my hubby and my best friend aren’t crazy about board games and we had to force them to play with us. :)

Here’s a brand new one that sold.  It’s definitely NOT for your BOLO list.  Most of them don’t go for much.

But there are certainly some board games that are worth TONS of money (like the Zelda game below that went for $6,500 – crazy).  Here are a few worth noting: (click on images to enlarge)

You can check the complededs for board games HERE.  I’ve had pretty good luck with board games..especially the brand new sealed ones for Amazon.  I was at Goodwill last year and found like 5 brand new sealed overstock Game of Thrones games that I picked up for $3.99 and sold everyone one of them within a month for like $25-$30.  I had also stopped at a garage sale and bought like 4 themed Monopoly games.  One was a British version, another was a Boy Scouts version..can’t remember the other two.  I bought them for $2.50 each (they wanted $5 each, but accepted $2.50 – always ask).  These also sold quite quickly for a nice profit.

I’m always checking the board game section at the thrift store.  Certainly for Ebay inventory, but also for me and the kids.

Are you a board game player? :)

 

FREE “How to Make Money Selling Clothes On Ebay” Kindle Book through Thursday 3/13

3/11/14
Click on photo above to take to directly to Amazon.

I was watching some Ebay videos this morning and happened upon this woman’s Youtube channel and saw that her kindle book on Amazon was free.  I have not read it and cannot comment on it, but have already downloaded it.  Hey it’s free and if we can learn something, even better.

I don’t mind paying for information either.  If you purchase some education information (although there is so much of it that is free), and if you sell one item you learn about, you will most likely already make your money back.

Hope you’re having a great and prosperous day!

 

Chicago Thrift Store Tragedy

3/9/14

The past Friday, an employee of a local thrift store (not sure which store exactly) was killed by a concealed gun that was donated in some clothing.  The gun had fallen out of a sock, hit the floor and discharged killing one of the workers when it struck her in the chest. It happened in the back room as the clothing was being processed.

So scary to think something like this could happen at a thrift store.  So scary that people keep loaded weapons.  I guess I can’t imagine that as we have kids.  I feel so bad for her family.

You can read the story here: Chicago thrift store worker killed by gun hidden in donated clothing

Have you guys ever heard of anything like this before?

Ebay Selling – Replacement Parts

I remember often reading about people buying games and toys that may not be complete for replacements.  I think it’s a brilliant strategy.  And sometimes things will fetch more $ if sold by piece than the entire product.

I ‘ve been catching up on my Ebay blogs and was reading Ebay Selliing Coach who features success stories and links to their Ebay stores.  So a recent one I read about was the Ebay seller “pinchingpesos“.  It was actually about how she turned her treadmill into a workstation and is able to work and get in some exercise at the same time. I’ve been wanting to do that myself, but I’m still waiting for hubby to build me a shelf.  LOL

Well I like to always check the sold completeds of sellers to see what type of stuff they sell and for how much, and when I checked pinchingpesos out, I noticed that she sells a lot of replacement parts.   I also noticed that she sold quite a few parts for the Jack Lalanne juicer.  We have one that we never use and I was curious to see how much they sell for and discovered that in this situation, I would make a lot more $ taking that sucker apart and selling it for replacement parts.

I was also recently cleaning out the kids closet and came upon a few games and things that I was getting rid of (donating to Goodwill) when it occurred to me that maybe I should try to sell some of this stuff for replacements.  Below is what I listed a couple of days ago:

My boys lost most of the pieces to this game, but I found this CD and it was in almost mint condition.  The complete games were selling for about $15-$20.  No one was selling the replacement CD, but I thought I’d give it a try.  And it sold after 2 days.  I felt the price may have been a little on the low side, but the CD will be fairly cheap to ship.

There is definitely money to be made in selling replacement parts.

Do you sell replacements?  If so, what type? I’d love to hear about it!

 

Ebay Pricing/Selling Strategies

When I first started Ebaying 2 years ago, I read a lot about different pricing and selling strategies.  I read about some people who sell using only auctions.  Others only BIN (Buy It Now).

What I found to work best for me is to price things in the higher categories and offer a Best Offer option.  You’d be surprised how many items will sell at full asking price even with a Best Offer.  I also like to price things higher as I’ve done plenty of research on identical items that have sold all over the place in terms of price.  I was willing to wait for that buyer that was willing to pay more.  I know that some folks like to price things a little lower so that things move off the shelves..which leads me to selling strategies.

I normally just price things high and let them sit until they sell.  However, this week I went through my store and have actually created sales on most of my items that have been sitting for a long time..the sales anywhere from 20% – 40% off.  I guess I’m kind of tired of looking at some of this stuff and want it to move.  I have so much new inventory  to list and limited space to put it once it’s listed and I want some of this old stuff GONE!

I’m also definitely more selective regarding what I buy.  I was looking at some old things that I have and was considering donating some of them back to Goodwill.  This doggy bank is one example:

On Saturday I was going through my listings and thinking I was going to get rid of this bank as I had listed in on 9/12.  I did sell it once before in 2012, but when the lady realized what shipping would be to the UK, she backed out.  Then not even a bite.  As soon as I decided to get rid of it, BAM,the next day I got a best offer of $9.  I paid $1.99 for it and shipping was $2.21.  So at least I made my money back.

Hopefully some of the old inventory will start moving soon.

What are you pricing/selling strategies?  I’d love to hear from you!

 

MY Secret to Getting Things Done!

Are you completely happy with your life?  Is there anything about your life that you’d like to change?  I can’t imagine anyone who is 100% happy and satisfied with their life really.  There is always room for improvement if you ask me.

Do you want to loose weight?
Do you want to make time to exercise?
Do you want to learn how to cook better?
Do you want to be a better parent, spouse, employee, friend?
Do you want to learn about gardening, personal finance, photography, fashion, home decorating or interior design?

This year has been an amazing and busy year.  I’ve lost weight (went from a size 16 to a size 10..not too shabby considering I’m almost 6′ tall. My hubby and I have learned to cook better (we love experimenting in the kitchen – spend some great time together and create amazing and healthy meals for our family).  I’ve started gardening and have created many gardens around our property and learned so much about plants, flowers and succession planting (you can call me addicted, I don’t mind! – now I need to learn patience as I can’t wait till spring to see all my plants come up. :D )  I have to say that the gardening has also been my workout.  Crazy how much exercise it is, there were days when I could barely move.  We decided to pay off all our consumer debt as quickly as humanly possible and have just this year paid down $47,374.53 of debt. See my post entitled Your Dollars Are Your Employees for a radical way to think about your money and why you NEED to pay off all your debt!

It’s really crazy.  And no these weren’t my New Year’s Resolutions.  So what is my secret?

I DON’T WATCH TELEVISION! I’m not saying that I’m a TV Nazi and won’t let anyone turn it on.  I will occasionally sit down and watch a show with my family (and only with my family).  But I’ve made a decision that there are so many things that I want to do and I’ve always had excuses of why I couldn’t do them.  No one seems to ever have time.  But I’ve made the time by turning off the TV.

If the average American watches 34 hours of TV a week (Daily News) , can you imagine what you can accomplish by turning it off?  It has been a game changer for me!

What would you like to accomplish or do if you had the time?  Are you ready to turn off that TV?  I’d love to hear about it!

Linking with: Frugally Sustainable, The DIY Dreamer, Modest Monday, Thrifty Thursday, Waste Not Want Not Wednesdays and Small Footprint Family.

Ebay Selling – Who Knew A Mug Could Go For So Much?

I was bitten by a gardening bug earlier this summer and have spend a lot of time working outside.  I didn’t want to spend a lot of money on plants and flowers so I’ve been watching Craigslist for folks who are redoing their landscaping or those whose flowers are overtaking their gardens and are sharing their divisions for free.  So I’ve been driving around quite a bit over the summer and stopping at garage sales and thrifts that I’ve never been to before.

Two weeks ago I was about 45 minutes from home getting tons of free flowers from a very generous lady.  On the way home I stopped at a garage sale and saw a Starbucks Mug.  I know that they are generally pretty decent sellers.  But I had no idea of my lucky find until I sat down to do a little research.  Some of these mugs go for crazy $.  You can see the recent completeds for Starbucks Mugs here.

Here’s the mug that I just sold at auction:

The lady wanted $2 for the mug and I asked if she would accept $1, and she did (they almost always do if asked this way)!  I’m always in competition with my hubby to have the highest profit margin item.  And I must say that now I’ve got him beat by about $100! ;)   Oh, and this item actually went to Russia.  So make sure you ship internationally!!

What has been your highest profit margin so far?  Do share.  I’d love to hear about it.

Thanks so much for stopping by and have a great day!

Ebay Selling – Recent Sales

It’s been a while since I included a list of recent sales so here it goes:

click on images to enlarge

Accepted $25 best offer.  Love these types of best offers!  Bought at a garage sale last summer for $1.  Very light so it only cost about $2.50 to ship.

Accept bo of $18.  Bought these as Goodwill for $3.99.  These were sitting around for over a year so I was happy with this best offer.

I love buying mugs for resale and sell quite a bit of them.  It’s the first place I look when I’m at either a garage sale or thrift store.  The quirkier, the better!

This was actually a best offer that I accepted.  Original listing was for $26.99.  But the woman mistakenly used the BIN instead of the best offer I accepted.  So I cancelled the other transaction and put up this new listing for her.  It was $5.25 to ship in the flat rate bubble wrap.  I create a box that fits into it..otherwise it gets expensive to ship.  I had this sitting around for over a year too.  Paid $.49 at Goodwill.

Accepted bo of $18.25! :)   Paid $3.99 for it at Salvation Army.

Cookie jars…another item I am always on the lookout for.  Bought this for $2 at a garage sale.

Accepted bo of $10.  Purchased at Goodwill last October for $.99.  I probably only made about $5 on this, but it’s lightweight, easy to ship.  And $5 here and there adds up quickly.

Oh how I love me some ties.  Again, this is the 2nd place I check when I’m at thrifts.  I love novelty ties and have been pretty good with selling them.

Bought this for $1.49 at Goodwill.  Even though I had free shipping on this, the client paid for expedited shipping.  I always have that option on my listings.  So in this situation it cost me nothing for shipping.

I recently bought 55 ties at a Salvation Army.  And would have bought more, but some of them had some dirt or a little staining that I didn’t feel like dealing with.  Will post about it soon.

What’s been selling well for your guys recently?

 Linking up with The Penny Worthy Project and Thrifty Things Friday.