Sunday, October 19, 2014

A typical week of eBay sales :: 19/31

Last week's sales, for inquiring minds:






Quantity

Sale price












1

$17.99
























1

$14.99
























1

$41.99
























1

$14.99
























1

$26.99
























1

$40.00
























1

$34.99
























1

$19.99
























1

$40.49
























1

$15.29
























1

$7.19
























1

$40.49
























1

$14.99
























1

$19.99
























1

$31.49























$381-$40.00 (shipping fees for "free shipping" items-$26.00 (cost of items sold...the converse my sister gave me free) = $315.00 -$40.00 (ebay & paypal fees) = $275.00 before tax profit

The bar in my head seems to be set at $350.00.  If I hit that number (in gross sales) I am always happy BUT I so often come so close to that number that it's kind of strange.  My tip of the day for today is to set goals for yourself.  They are powerful and helpful. 



THIS is my landing post...you can click here to see a list of every post this month! 

See all the Nester's 31 Days participants HERE!


Saturday, October 18, 2014

Is an eBay store right for you? :: 18/31

When I re-started selling a couple of years ago, one of the first things I did was search for eBay-minded blogs and message boards.  I started reading a lot about eBay stores, which I had never heard of.  They didn't have those back in the early days of eBay.  :)  I can't remember how long it was before I took the store plunge but I am really glad I did.  A quick calculation shows that I have saved over $500 in fees over the last 2 years on top of my Top Rated Seller discounts.

The biggest factors in determining if a store makes sense for you is how many listings you plan on doing every month and which type of listing you plan to do.  (auction or fixed price)

eBay gives most people 50 free listings per month and, depending on the category, it could be 100. 

I sell mostly clothing so if I liked to sell it at auction, I could get 100 free listings every month!  The problem is, I don't love auctions.  They don't seem to do that well for me and I much prefer to list my items at a fixed price.  For that, I would pay .30/listing.  Still not a lot of money but it adds up!

With my store subscription cost of $14.95/mo (paid annually or 19.95/mo paid monthly) , I get 150 listings free every month of whichever kind I choose.  I also get lots of free listing promotions so I rarely end up paying if I go over 150.

eBay has an awsome store fee illustrator here.  You can read more about the other benefits of having a store here.  I love being able to have sales and such but the insertion fee savings is the biggest reason I have a store.

My tip of the day is, if you're a new seller, give yourself a few months and see how & what you enjoy selling the most.  Keep the fee illustrator bookmarked and use it to help you make your decision in the future.

THIS is my landing post...you can click here to see a list of every post this month! 

See all the Nester's 31 Days participants HERE

Friday, October 17, 2014

eBay selling lets you mix work & play :: 17/31



Here is a challenge for you:  If you are a thrift store junkie, the cost of the bargains can really add up!  I had an idea for a challenge the other day that I think I would have loved before I did this as my job.  What if at every trip to the thrift store you looked for one thing you could re-sell and pay for your other purchases that day?  It would be like using eBay to pay for your thrifting habit!

So, if you're thinking about selling I challenge you to give it a try!  As you're browsing the sweaters, shoes, or toys, open your eyes a little wider and see what you can find.  One Eileen Fisher sweater can usually net you $25-30.  Normally, my thrifting trips are a lot less than that!  (if I am just buying for myself/our family)

My tip of the day:  Mix work & play...start small & try to find one item you can list for profit at each trip to the thrift.  (and then actually list it!)  :)

Please let me know if you give this a try!  I would love to hear about it and feature your story here.  :)


THIS is my landing post...you can click here to see a list of every post this month! 

See all the Nester's 31 Days participants HERE!

Thursday, October 16, 2014

BOLO: Advent Calendars :: 16/31

Happy Thursday!  We are on Day 16 of the Nester's 31 Days and today I want to share another BOLO with you.  Advent calendars!

If you do a quick completed search on eBay you'll see that lots of advent calendars sell really well.  They are definitely something to keep in mind as you stroll those thrift store aisles.  :) 

A few that caught my eye:

This was probably purchased at Target for about $30, once upon a time.

 I sold one of these last year for well over $100 and have another one to sell this year.  They are out there!
 I don't get this, really.  It is the National Lampoon house as an advent calendar and they sell for big bucks:
Anything Pottery Barn usually sells pretty well.  I sold a similar one last year with some light stains for around $40:
And finally, this is Benefit cosmetics calendar is currently available online for around $99 but quite a few people have paid around $170 for them on eBay.  ??

My tip of the day:  Keep your eyes open for Advent Calendars!

p.s.  I will talk about store vs. no store soon, Mim!  :)

THIS is my landing post...you can click here to see a list of every post this month! 

See all the Nester's 31 Days participants HERE

Wednesday, October 15, 2014

Personality type?

Have you guys ever taken a quiz to find out your personality type?  I read about one on the Whatever blog yesterday and it was pretty interesting!  Of course I don't know if it's 100% accurate but a lot of what they said about the type I was scored at was on point.  (I was a INFJ)  You can take the quiz here.

The quiz kind of fits in with how I've been thinking about myself and my life lately.   This year is leading up to a big transition year for me...all 3 kids in school next year.  Lots of time on my hands.  How will that look?  How does God want me to use it?



I started reading Holley Gerth's book You're Made for a God-Sized Dream.  (also heard about on Meg's blog...promise I'm not brainwashed.)  I am enjoying it even though I don't know what my dream is yet.  :)  I mean, I guess I know some of my dreams but I don't know yet what I want to "do" with the rest of my life.  Or the next couple of years, you know?  At one point she referred to people sitting in church being scared God would call them to go on a mission.  haha!  That is totally me with some things.  She then said that God will most likely use the gifts He gave you to serve Him best.  That made a lot of sense to me.  Of course it's not saying that He won't ask you to do big, scary things but I liked the idea that they might be big scary things that are in the realm of how He created me, using the gifts He gave me.  Does that make any sense?  :)



xoxo

Quick Nickel or Slow Dime? :: 15/31

When I started selling again a couple of years ago, My Secret Ebay Diary was one of the first blogs I found.  If you have some time I would suggest reading through some of her archives.  She is super knowledgeable about eBay and goes into great detail on a lot of subjects.

One of the things that really stuck with me from her blog has been the idea of making a "quick nickel" or a "slow dime."  This means you have a great item and could probably sell it for $100 but it might take a while for the right buyer to come along.  However, if you price it at $50, it will probably sell right away.  Do you want that immediate cash flow or are you okay waiting and potentially making a lot more money?

I think I am more of a quick nickel girl.  :)

My tip of the day is this:  Think about this concept when you are pricing your items.  Ask yourself how much money do you have invested in it?  Do you need that money back quickly?  Do you have room to store the item for an extended period?  Is it seasonal in any way so there might be higher demand than usual?

When figuring out my item price I always do a quick check and see what comparable items have sold for.  Depending on my mood, I might price mine a little higher (giving my item more perceived value) or a little lower so it goes out the door quickly.

Please keep in mind that I have an eBay store so most of my items are listed with Buy It Now pricing.  I normally only use auctions for highly collectible items or if I am trying to get rid of something that has sat for a while.

THIS is my landing post...you can click here to see a list of every post this month! 

See all the Nester's 31 Days participants HERE

Tuesday, October 14, 2014

Let Me Give You Some Feedback :: 14/31



Feedback is so important on eBay!  As a seller, I have a couple personal rules for leaving feedback.

1.  First, my tip of the day, I always leave feedback and usually leave it first.  I always feel kind of bad if a buyer leaves me a good feedback before I've left them one.  Like, oh, that was so sweet.  :) 

If a buyer has paid, they have completed their part of the transaction in my eyes.  Yes, sometimes that can burn you but out of 780 sales in the last year it didn't happen once.  I think the year before it happened twice but one of them was removed by eBay (crazy lady) and the other fell away after 12 months.  (thankfully...I do like seeing that 100% positive but know now that a negative is not the end of the world.)

2.  If I don't have anything nice to say, I say nothing.

Sometimes I just don't leave feedback.  If I have to open a case against them to get payment and they never offer any explanation, that bugs me.  I can't leave them a negative but I could leave them a positive with a passive aggressive statement.  Not worth it, just move on. 

I have received feedback from 57% of my buyers in the last 12 months.  I read that the average is 40-50% so that made me feel pretty good.  I don't do anything to remind them to leave me feedback, just try and offer great customer service.  I am not opposed to sending out a reminder email or something, I just don't do it.

I think there are a few keys to receiving positive feedback.

1.  Sell a good product.
2.  Describe it well.  What (if clothing) is it made of?  What are the measurements?  Any flaws to mention?  Make all of that known so there are no surprises.
3.  Answer any questions quickly and politely, both before and after the sale.  If you can't get back to someone right away send a note saying when you will get back to them.  If they ask you a totally off the wall question (because they will) or about something you clearly described in the description (because they will) take your emotions out of it and just answer them.  I always finish my reply with something like this, "Thank you for your interest!  Best, Stephanie" 
4.  Offer a return policy.  This sounds like a PITA, I know, but it really isn't.  It gives most buyers peace of mind and I think I have had less than 10 returns in the last 12 months.  That is right around .01% of my sales...not a big deal.  (I will talk more about return policies soon...oooooh, exciting!)  ;)
5.  Thank them for their business!  When I print out my shipping labels the buyer gets a message that the package is on the way.  eBay does this automatically and there is also a space (on the shipping screen) to leave them a message that will get sent as well.  I have a little blurb that goes out to every buyer thanking them for their business and asking them to please let me know if anything is wrong.


What if someone does leave you a negative? 
  • You can ask them to revise it. (usually won't happen unless the dispute is settled.) (I once requested a feedback revision and the girl was all, HELL NO!!)  hahahaha.
  • You can respond to it.  But remember, they can respond to your response, essentially giving them the last word.  Take the high road.  If people see that you are being a creep they are less likely to buy from you.
  • Only communicate with buyers through eBay messages!  That way eBay can see all correspondence and proof of any wrong doing on their part. (or yours so play nice.  :)  )
  • Learn from it and move on.  That is the best you can do in most situations.  It will be gone from your score in 12 months and that will be a happy day!  :)
  • Oh, you can also block that bidder from buying from you ever again.  That's a good idea...keep out the crazies!
If you've bought or sold something on eBay, you may have noticed the newish star rating system called Detailed Seller Ratings or DSRs.  You can read more about those here.

Like so many eBay topics, Feedback seems so huge and reaches out into so many areas.  I feel like I could go on for days but I will stop here.  Do you have any specific questions about feedback or anything else you've read so far?  Leave them in the comments and I'll get back to you there or address them in a future post.


THIS is my landing post...you can click here to see a list of every post this month!    

See all the Nester's 31 Days participants HERE

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