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.
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.
* 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.
* 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.
* 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.
*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
total income 11,751.29
sales tax 42.48
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.