I’ll start this post by sharing last weeks number (ending 11/22)
Total Items in Store: 224
Items Sold: 8
Cost of Items Sold: $30.75
Total Sales: $284.91 (plus $16.99 Amazon)
Average Price Sold: $35.61
Money Spent on New Inventory This Week: $0
This week was my highest for this year. It’s not much, but for a very part time seller, I’m really happy with it. I haven’t listed anything in about 1 month, but have already put $600 of ebay earnings towards debt this month. So I’m very happy 🙂
I feel that my cost of sales is a bit high though because I bought a leather biker car racing jacket this spring for $15 (see photo below) and never noticed that the zipper was broken. I thought I would be donating that sucker to a thrift, but it sold for $30 plus shipping. So at least I didn’t lose money. But lesson learned!
Tip #1: Take a moment to inspect your inventory..especially the zippers on clothing! And if you miss something, go ahead and try selling it anyway!
I bought the holiday Pottery Barn mugs featured below in the beginning of the year. I had them listed for $49.99 with a best offer and free shipping..when I used to offer free shipping.
I had several low ball offers come in that I declined and then I changed the best offers to auto decline at $39.99 (I don’t want to be bothered with low ball offers anymore).
Well, it sold for full price last week. Yeah baby!
Tip #2: List it and wait for that one right buyer who will pay a premium for your product. I was willing to let these mugs go for $39.99, but just the right person came along and swooped them up at full price. I told hubby that if they did not sell by this Christmas, they were staying with me. I love these mugs!
And Tip #3: Start charging shipping on your items. I used to offer all free shipping because some of the Ebay selling gurus were proponents of it. Just build it into the price of the item, etc., etc. I would try to ask a higher price for the item with the free shipping, and then I started asking a higher price plus shipping. My sales have not suffered because of it and I feel I’m making more money now.
How are you guys doing?