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.
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.
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!
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!
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. ) 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!
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!
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.
6/22/13 Our oldest son turned 14 last weekend but has been earning money on and off for about a year. Last year he did some babysitting, he’s come to work with me and done some filing, he’s been cutting the grass for Grandma and this Spring he started breeding rabbits and selling the bunnies on Craiglist (he just recently sold 6 bunnies at $20 each).
Here’s one that’s currently available for sale on Craigslist. The last of the bunnies until my son breeds more. But he’s researching and studying up a bit more on breeding (how often they can breed) as well as learning about selling trends on Craigslist!
He’s now raising baby chicks (that are in high demand) that he will then breed and sell the eggs on Ebay.
Even this past Winter, after the snow had fallen he went out wanting to help some elderly people in the neighborhood by shoveling the snow for them, who in turn gratefully gifted him a few bucks for his help.
He came up with the ideas himself (since we already had some rabbits and chickens that he’s been taking care of). He’s loved working with these animals for the last couple of years and I’m so happy that at this young age, he’s found a way that he can make a little money doing something that he enjoys.
I guess it helps that his Mom owns her own businesses, one of which is reselling on Ebay. Dad also breeds and sells canaries, as well as doing some custom woodworking and renovation side work. He and my son went to an animal market a couple of weekends ago and made $500. So my son is certainly exposed to Entrepreneurship almost every day. I’ve also explained and demonstrated how his dollars can become his employes and he’s even more excited now to make and SAVE his money.
I think that one of the most important things that we’ve done to help encourage our kids to learn to make money is that we have taught them that money does not grow on a tree, that one must go out and make it before you spend it. And if the kids want to buy something, they have to spend their own money.
It’s a personal thing, but we do not give our children allowances. In the real world, we work on commission. You work, you get paid, you don’t work, you don’t get paid..there are no allowances in real life. What’s great about this is that when they DO spend money they have, they are more thoughtful about their purchases (when they are gifted money for birthdays and holidays, they can only spend a small portion of it, the rest is saved/invested). Or if they don’t have money they get very creative in coming up with ways to get what they want, either by finding ways to earn money or even bartering with friends (our youngest son (7) does this with his toys). This also helps a great deal to combat our society’s Childhood Entitlement Disorder!
Help and encourage your child to make smart choices with their money when they are young so that these skills stay with them when they become adults. You might even be helping your child become financially independent at a young age. Check out this awesome and inspiring story of a 14 year old who becomes a landlord by purchasing a house she rents out!
Do you guys have Young Entrepreneurs at home? I’d love to hear about it!