My First 100 Days

[meme6253]

My first 100 days of running constant multiple sales, It has been OK, Not as good as I had hoped, But under all the circumstances I will take what I can get.

[onefootflipper1]

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@meme6253 wrote:

I get your point, But 5 million bucks, not even close , A $5 item is like handing ebay a $5 bill & you get next to nothing.

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Both of us charge shipping and likely have enough padding build into it to cover the ebay fees on both the shipping and that $5, so when I sell an item for $5 I generally get $5.

I also completely divorce what I purchased the item for and what I sell it for. Because what I paid for the item has no bearing on what it is capable of being sold for. If I paid too much money that is my mistake. I am certainly not going to triple down on that mistake by letting that item now eternally eat up inventory space and never sell, both earning me nothing and keeping me from flipping that same spot on the shelf 4 times per year.

I must know what I am doing a little bit, I make more on ebay than I ever made when I had two legs and a real job and I paid my house off 17 years early after less than 2 years full time on ebay.

[adamcartwright]

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@onefootflipper1 

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I also completely divorce what I purchased the item for and what I sell it for. Because what I paid for the item has no bearing on what it is capable of being sold for. If I paid too much money that is my mistake. I am certainly not going to triple down on that mistake by letting that item now eternally eat up inventory space and never sell, both earning me nothing and keeping me from flipping that same spot on the shelf 4 times per year.

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Solid advice

[chapeau-noir]

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@onefootflipper1 wrote:

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@meme6253 wrote:

I get your point, But 5 million bucks, not even close , A $5 item is like handing ebay a $5 bill & you get next to nothing.

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Both of us charge shipping and likely have enough padding build into it to cover the ebay fees on both the shipping and that $5, so when I sell an item for $5 I generally get $5.

I also completely divorce what I purchased the item for and what I sell it for. Because what I paid for the item has no bearing on what it is capable of being sold for. If I paid too much money that is my mistake. I am certainly not going to triple down on that mistake by letting that item now eternally eat up inventory space and never sell, both earning me nothing and keeping me from flipping that same spot on the shelf 4 times per year.

I must know what I am doing a little bit, I make more on ebay than I ever made when I had two legs and a real job and I paid my house off 17 years early after less than 2 years full time on ebay.

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Once more, for the people in the back of the room. THIS IS A REAL JOB.

[lakefor94]

"I also completely divorce what I purchased the item for and what I sell it for. Because what I paid for the item has no bearing on what it is capable of being sold for. If I paid too much money that is my mistake. I am certainly not going to triple down on that mistake by letting that item now eternally eat up inventory space and never sell, both earning me nothing and keeping me from flipping that same spot on the shelf 4 times per year."

Agreed, the game is, product in and product out.

Focus is on product out.

Sitting on dead money is never a good business plan.

[powell-collectibles]

Onefoot has the best advice on these boards - thoughtful, detailed, based on facts and data.  The guy knows what he is doing.  

[tobaccocardyahoo]

A 5% or 6% reduction in price hardly qualifies in the minds of most Americans as a sale.

It used to be that Europeans would accept such as a sale but I doubt that is still the case.

Your prices strike me as high, but I do not compete with you and claim no knowledge of the items I have looked at on the first few pages of your listings.

They might not even be price elastic so your sale might be a waste of time and money. What that means is that if someone wanted them they would pay whatever price they cost that the buyer could afford. Of course the question is "how many people want to own them".

[adamcartwright]

@chapeau-noir 

Even if I were doing this full-time, I probably still wouldn't think of it as a real job -- because I find it fun, for the most part, and it doesn't include many of the unpleasant elements of prior jobs. Maybe that's what he meant.

[chapeau-noir]

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@adamcartwright wrote:

@chapeau-noir 

Even if I were doing this full-time, I probably still wouldn't think of it as a real job -- because I find it fun, for the most part, and it doesn't include many of the unpleasant elements of prior jobs. Maybe that's what he meant.

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Too many people discount this as 'playing around on computers' (have no idea if that was what was meant) and that discounts the entire process in many people's minds. It can be a fun job, but it's still a job.

[roccotacodad54 · Accepted solution]

   Well meme now that the dust has somewhat settled on all the replies. I for one hope you are doing OK. We don't always agree but OK is good enough I hope.

   None of us really know what the future holds and hopefully things will work out for everyone in the end.

                 Peace.

[sreu3058]

There are some excellent points made here.  I am not a seller who needs to turn and burn.  In fact, I always have a foot out the door (but then I purchase new items I really like/ think have true value)

But I am sincerely trying to slow it down/ sell off what I have left, and be done.

Perhaps OP will have a holiday windfall if the rumors are true and Santa will not have elves to stock the toy shelves…

[adamcartwright]

@chapeau-noir 

Thanks for setting me straight.

[chapeau-noir]

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@adamcartwright wrote:

@chapeau-noir 

Thanks for setting me straight.

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It's still hard to have it *feel* like a jobby-job when it's fun, though.

[onefootflipper1]

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@chapeau-noir wrote:

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@adamcartwright wrote:

@chapeau-noir 

Thanks for setting me straight.

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It's still hard to have it *feel* like a jobby-job when it's fun, though.

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It is fun, but I still have bills to pay, a wife who likes to spend, a daughter to pay for camp for, very expensive health insurance and two IRAs that I try to max out every single year.  While I enjoy the work, the stress when the sales stop can be bad.

[meme6253]

Oh so your sales have stopped, You should lower your prices!!!