Tuesday, July 18, 2017

My Review of Swap.com

So back in March, I was thinking about sending some "reject" inventory to swap.com. After asking you all for advice, I decided to go for it. Worst case they reject everything and I am out $10 shipping.

So....off a box went of about 30 items; most are NWT except for the clothes. I am told I would receive an email to price once they receive it (they have 60 days). 65 days go by and nothing. I email customer service and receive a response 3 days later stating it has just been accepted for sorted and would be a few more days. I would receive another email once it was completed. I never received that email and completely forgot about it.

So....I guess they auto priced it.



They have a "shareable" link. The pictures are pretty good.

Once I noticed my items were live I adjusted the price to "sell for a lower price for a quick sell. I don't feel like $6 for a used skirt is a great deal but that white dress pictured is $27 but has $125 (i think) price tag on it so thats great.

Overall after fees selling 7 items I have made $40 after shipping fees were taken out.

I'm not happy with the communication; listing and forgetting it isn't a great business model when your inventory is in someone elses hands.

I won't be using them again (probably).

It was easy to use which is nice but the lack of communication really is a deal killer for me.

Monday, July 10, 2017

A Mid year Checkup

So apparently I never set goals for 2017; I guess that's the best way to not reach them. So I am just reposting the 2016 goals post. The original post is in black, the 2016 results are in red and the 2017 so far are in blue. Then underneath I will give my mid year 2017 numbers.
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I thought it would be fun to take a look back at 2016 goals and how they were met. I haven't actually set up any 2017 goals yet....they are forthcoming but I had the flu this past week. 

Amazon:
* Eventually by the end of the year make $75-100 per day in profits. We did until July then they fell off to about $20 a day We made about $35 a day in gross sales before fees. 
* Continue to list Fulfill by Merchant as the situation allows for (although I typically do this). I don't do this anymore as I have a hard time shipping on time and I don't want to risk my account health. Still don't do this.
* Source 2-4x a week. Right now his preferred source is retail arbitrage; this is clearance season. Moving past that he is going to begin looking for hole in the wall local places. Usually about 1-3
 times a week; this works for us :D  About 2x a week. This seems to work well without being overwhelming. Now that we are done paying off business debt and working on personal debt I am calming down "gazelle intensity" and focusing on quality of life. 
* Items shipped either same or next day. (we have shipped out 3 small shipments so far. In less than a week we have had $412 in sales....will make a separate post about sales soon). He is pretty confident on how to navigate Amazon's Seller Central. I am currently (and will continue as time permits) helping him ship items. I will also continue to help him shop (although he checks everything in my cart before we buy). This is, after all, the fun part. We do about 1 shipment a week. We found it to be way more cost effective to do large shipments. We shoot to do that. WIthin the week for sure. 

eBay:
* List 1 new item a day. (hence the low goal comment before). Most months were between 5-140 so I think overall I hit the goal.I don't keep track of listing the way I used to but I'm sure I'm around that. 
* Source only from yard sales as money allows (again the fun part). Yes only went to a small amount of yard sales this month. Honestly I have been to maybe a dozen yard sales this year. This year is a year of purging and refocusing myself. I will probably go to some Saturday though.
* I have at least 3 full tubs and my car trunk still full of unlisted clothes; I also have both kids closets full and 5 totes of listed clothing. As profitable as clothes can be its overwhelming to me right now and I tend to procrastinate.....So no more clothes unless its something that I seriously can't pass up (believe me with clothes its few and far between). Better than in years past but I still have a ton on clothes....but to be fair a good amount in my kids that I'm selling also. Still tons of clothes (a lot are the same). But I have been focusing on listing and clothes have been about 75% of my eBay sales the last 3 months. 
*$500 in gross sales a month. $400-1000 so yes this is a win. $400-1300. Check.
*In general just to be more selective about what I buy. This also I call a win; each year there are less and less duds.Purging is done and I have gotten way more selective about what I buy. No more $5 sale items. $10 items depends on what it is. 2016 I sold lots of $3-10 items. No more of that. 

Etsy:
* List a total of 5-10 a month. Nope I think I maybe listed 5 things all year.Not adding much just relisting. 
* Become more picky about vintage.....alot of that means learning more. Didn't buy either. Don't have time to learn something new. "vintage" right now means my childhood (90s....and no Pogs :D )Nope nothing nada. Unless its very select vintage Pyrex. 
* I bought a few (and I really mean a few) things to try my hand at Etsy crafting again. The price was unbeatable. However, its on the back burner for the near future. I have inventory to list before I can bite off more than I can chew. HAHAHAHA. Sold the stuff. Nope.Never again. The last of the ribbon is in my relist from yard sale pile. 

General:
*Pay off busines credit card by June. December but the main thing is it is paid off. It's been gone for 6 months and what a sweet relief it is!
* We lost around $3k in 2015. would like to make $7k in profits. That would be an increase of $10k A profit of $6756.02. I would call that a win. More on that below 
*Blog more consistently. Sorry guys.   Sorry not sorry :D Although I do miss you guys. 



2017 Mid year numbers 

Income: 
Facebook 944.95
ebay 4378.87
amazon 6354.83
etsy 62.93
other 9.71

total income 11,751.29

outgo 3060.40
accounting 275
advertising 18.60
car 285.01
entertainment 40.28
shipping 1898.99
sales tax 42.48
sellery 600
supplies 130.87
consignment 26.09
paypal 268.17
ebay 617.60
amazon 3092.56
etsy 8.56
refunds 308.50

total outgo 10673.11

total profit 1078.18

I wish the profit were more but I think most of us resellers can agree that the vast majority of the profit comes from 4th quarter. In addition (not including sourcing) we spend maybe 10 hours a week on this. This is more "hobby" again as I have a decent paying job. 


Thursday, July 6, 2017

June Numbers

This month is the first month that has me beating my head against the wall.

(Just before we start in May, Amazon "lost" about $300 worth of inventory so we were credited for it. In June they "found" it deducting the $300 back out of our account which really screwed us up.

Income:
 eBay 561.78
Amazon 556.29

Income 1118.07

Outgo:
COGS 432.80
Shipping 216.50
Sellery 100.00
SUpplies 68.36
Paypal 27.88
ebay 61.35
amazon 472.49
etsy .40
refunds 52.12

Outgo 1431.90

net loss 313.83

at least this is the first loss of 2017 and none of it is debt inspired.

Sunday, July 2, 2017

The Day After the Yard Sale

Well, after 2 previously rained out attempts we FINALLY had a yard sale. Crappy hot weekend with threats of rain as well as a holiday weekend. And man was it ever a bust. I was hoping for enough money to board the dog for vacation; we didn't quite make it but its $140 we didn't have before.

I spent about 4 hours in total gathering items for the sale and labeling items. I wish I had purchased a few more tables. Tables get more views then items on the ground on tarps for sure.



At the time I took this picture, this was about half the inventory for the sale. Between working at 5am and then dragging totes around, I am absolutely beyond exhausted. It's good exercise I guess. But being so busy I missed the deadline for the local paper ad and I didn't realize till now that my Facebook ad didn't post to many groups. The foot traffic was horrible; we ended up only with about 2 dozen people. For all. that. work.

My in laws were in a hurry to get home so they grabbed the items they wanted to keep and told us to sell what we could online and donate the rest. They had out some beautiful teak wood 1970s salad bowls I am hoping to get $30-50 for. Other little things like Philadelphia Eagles Monopoly etc. The rest, we gladly take the tax deduction.

I was exhausted (and sun burnt) after sitting in the sun all day but I knew that the tomorrow me would thank me for organizing and donating everything up front instead of dragging it back into the house. Remember the ties I bought years ago? The 311 I had left all got donated. I can't wait for those tax deductions. Suddenly, I'm almost positive I'll be itemizing. In all 3 entire van full of stuffs went to the thrift with 3 tax receipts. I still have 1 more load to take over but they closed before I got there.

Sure enough, today's me is super thankful for yesterday's me actions. More than half my attic is empty; in doing a huge purge I was afraid I would seriously decimate my eBay store inventory. In reality on 30 or so items were removed from the store.

The biggest win in this was being forced to sort my attic; almost $400 of Amazon inventory was "found".

But it will be a LONG time before I do another yard sale.