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Need advice from sellers that deal with large quantities of inventory

 Im finally living my dream. I now have my own shop with a garage that's absolutely perfect to run my eBay business out of. I have a "reception area", a "private office " and the rest is all garage.
This is all I've ever wanted..I should be incredibly happy, but I'm not.

I'm overwhelmed, distraught, and distracted all the time.

I got this retail office so I could have all my stuff out if the house and in one location where I could do everything.

The office is an absolute mess. Stuff everywhere, no organization, barely any room in the garage to walk, etc. Its a disaster zone.

I'm getting behind on orders, have no inventory record what so ever, and there is just stuff everywhere you look.

See my problem is I always over do everything.

My inventory consists of school surplus, mostly electronics, and my problem is I dont know what to throw away, what to part out, what to scrap, what to spend time into making better for higher resale.

A good example is the computers. I have a bunch of laptops and desktops that are still administrative password locked and have to be bypassed in order to reset them. Its just too time consuming.

But if I do figure out how to do all that the value doubles..

I just need advice from experienced sellers that work with large inventory lots, or just anyone with some advice. I'm not saying you have to be big time I'll take any advice.

Please tell me what you do when you get large quantities of inventory.

How you break it down and organize it.

How you manage your time and just give me something that gives me a glimmer of hope and some motivation.

I'm talking about 24 pallets of surplus I have right now.

I have boatloads of power cables. Do I sell them in lots for a little money or just say screw it and scrap the whole giant pile to make room?

Any advice would be greatly appreciated.

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Need advice from sellers that deal with large quantities of inventory

And I  can't help but admire YOUR honesty and the stuff you've overcome to  get where you are.  It's taken YOUR  guts and determination to earn 13 grand in 60 days....that's no small success, no matter what your garage looks like. 

 

You've gotten alot of good advice and now the challenge is to decide what to do and how to do it.  You may, probably will, make mistakes.....that happens to all of us, but don't let those stop you........  Your bigger challenge, I think, will be staying on the course that you've set for yourself...not branching off into something else that looks "interesting" or more profitable.....that's where I've seen the husband/brother/son  get sidetracked and "fail" even when it seems to others that they are "almost" there.  It sounds trite, but it's true that the climb to the top of the mountain is more fun/gratifying/pleasing, but just because you can glimpse the top, it still takes the effort to get there.......don't stop til you get there......then you can and will find more mountains. 

 

As to people, well, that will come......You might have very good reasons for not liking them, but part of that is because you probably don't much like your former self....You aren't that guy anymore.........  But never forget........if you need help, it's there.  You may have to look for it, ask for it.......but it's there........

 

Best of luck.....and if it helps to talk about what/how you are doing on ebay.....this board is here with alot of smart/caring people.........

 

 

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Need advice from sellers that deal with large quantities of inventory

I’ve been where you are and I know how overwhelming it can be. I sell mostly smalls and paper collectibles that pile up fast. I don’t have an inventory “system” but I do try to keep like items together for my sanity.    I took a few days off to focus and re-evaluate my situation and decided to #1 Stop Buying, #2 Take a deep breath, #3 Pull and list items I knew Would sell while I re-evaluated my next move, #4 Took the time to thoroughly research the other items and if they really were not worth the time or money to list I donated them. Items that had some value I put up for auction with a low starting bid and was pleasantly surprised by some results, which gave me the confidence to keep pushing forward (example: listed a softcover book for $4.99 and it bid up to $102.50). Setting the bid low also gave me a better idea of intetest in the item. I kept a few larger/bulkier items for yard sale, #5 The sooner you can LET GO of some of your inventory the better you will feel.  I wish you the very best.

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Need advice from sellers that deal with large quantities of inventory

I was there once and a friend gave me some good advice:  break it down into small managable jobs that can be done in a day or so.  You might start by organizing the listed inventory and their locations.  On your computers, plan on a day to fix and list them.  Take each large job and break it down into smaller ones.

Now, several years later, it is still working.  Bring a box of items to photo and describe  Go to the 'puter, prepare the pictures, write the listing and prepare to list.  At least my listing tool lets me plan on listings in the future without extra charges.

Start each morning by packing, printing labels and have ready to go.

Good luck in getting yourself organized.

Patd

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Need advice from sellers that deal with large quantities of inventory

Thank you for the great info. Another issue I've run into is packaging orders on time,  which used to he the least of my worries.  I suppose its because I was dealing with a much smaller workload, but I used to be right on top of each order as soon as it came in.

 

Now I often find myself procrastinating, and putting it off until the last minute and I have more late shipments then on time ones.

 

No clue as to why I all of a sudden feel hesitant to jump right in and ship my orders promptly. 

 

It's the weirdest thing.

 

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Need advice from sellers that deal with large quantities of inventory

Plan for the future? I just figured out what I did yesterday lol. Great advice..thanks. I think I have issues with letting go of things.  Boarder line hoarder activity but I have this fear of throwing away something I can make $ off of. And i also think it's a bad idea to be the opposite and just throw everything away you dont think will bring in big $. I guess I need a happy medium. I was unloading a Gaylord of surplus a week ago and this tiny box felt empty and I started to toss it but of course, I stopped.  Turned out there was $145 item in that box. 

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Need advice from sellers that deal with large quantities of inventory

I have a hard time letting things go, too. I picked it, bought low to sell high. I was just picking too much! Time to finally let go. Shipping is boring so I try to get it out of the way as soon as possible so I can get on with my day. Sometimes I gather the items I want to list the next day and pile them on my desk purposefully cluttering my keyboard etc just so I have to list them to get them out of the way! It works for me...but I sell small items. Other times I fill up a box as advised by Patd and make myself list everything in that box before I move on.  Easier said than done!  I think once you start letting go of a few things even at a lower price everything else will fall into place.

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Need advice from sellers that deal with large quantities of inventory

Hi, @b_3_surplus.

 

First of all, congrats on finally getting some dedicated space to run your business.  Have to admit I'm a bit envious.  It sounds perfect, even though it may be a bit of a mess right now.  😉

 

Okay, here's what I would do if I were you...

 

1)  Take a deep breath and clear your head.   Your primary objective is to get things under control, and if you believe you can, you will

 

2) Don't worry about your 24 pallets of stuff right now, there will be time later to deal with that. 

 

3) Even though your workspace is a mess, you need to focus and impose some order on the chaos.  Pick a room -though I suggest you pick your office.  Get some boxes, pack everything up except the absolute essentials.  Label the boxes and stack them say right outside the room in your garage so if you do need to grab something it's right there and you know where. 

 

4) Organize the room you cleared so that it will be an efficient workspace -- the purpose of which is to enable you to process, pack and fulfill orders which needs to be your top priority right now as if you jeopardize your eBay selling account with late fulfillment/unhappy customers , that's going to add to your stress and worry exponentially and you don't need to create that added drama.

 

5)  The next thing you need to do is get your work day under control.   Structure your day and stick to a schedule.  If you don't have a clock in your workspace -- get one.  If you have a cell phone with an alarm, set it and use it.  As time goes on and you are able to get a handle on your backlog of tasks, you can modify your schedule accordingly, but in the beginning you are going to have to be disciplined and religious about how you spend your time.

 

6) Don't know if this is a full- or part-time endeavor for you, but let's say it's full-time and you are committed to spending 8-9 hrs a day on your business and you're willing to get started at 8 am.   Initially, here's how I would organize my day:

 

  • 8-11 am                      Process, pack and fulfill new orders from customers so they can be shipped out today.                                             Make a note of any packing/shipping supplies you're running low on so you can re-order                                         later in the day.
  • 11 am -12:30 pm      Answer questions/address problems with any orders; process/approve any returns;                                                 review current Active listings and any that need to be relisted, etc. (Don't worry about                                               listing anything new right now, you can do that later in the day.)
  • 12:30 - 1:30 pm       Yes, take a lunch hour; run an errand if you want; go for a walk.  If your postal carrier                                                     doesn't pick up your shipments from your office, run them over to the PO on your lunch                                            hour.   That way all your new orders are completely out of your hair and the day's not even                                        half done.   Point is, you need to give yourself  some headspace and a feeling of                                                          accomplishment or else you're going to burn out. 
  • 1:30 - 3:30 pm         Locate and organize your current listing inventory.  Hopefully, you have some shelving in                                          your garage.  If not, at least clear a space that's devoted ONLY to inventory currently                                                listed.  The idea is to get these items organized so that you can quickly find things and                                            check inventory easily.  Get some sturdy boxes or Rubbermaid tubs that you can stack                                            and/or put on the shelves.   Put like items together, and as you fill your boxes/tubs, use                                            legal pad to itemize what you've stored in each container and the quantity.  These lists                                              can be just hand-written to start with; once you get things under control you can use a                                              more sophisticated spreadsheet system, but don't worry about that now.  Tape the list to                                        the front of each box/tub.   Don't worry if you aren't able to locate/inventory all 260+ lots                                        you have active right now  in one afternoon.  Work on this a bit every day and within                                                    a week you should have it licked.
  • 3:30-5 pm                Cross-check your physical inventory against your eBay Actives.  Make any revisions in                                              terms of quantity or sold out items now so that you don't get stung with any out-of-stock                                         dings.  As you work through each box/tub make a notation in the corner of the sheet of                                            paper attached indicating that those items have been cross-checked against your                                                    online listings so you know where you left off.
  • 5:00-6:00 pm         Check your eBay account and handle any buyer inquiries/questions/problems that may                                          have arisen during the day.  Order any packing supplies you may be running low on.                                                    Handle any sort of financial tasks/transfers that may be required.  Make a list of any                                                  issues that need to be dealt with tomorrow and stick it on the front of your computer                                                screen so you'll be reminded first thing tomorrow morning.
  • 6:00 pm                     Call it a night, or at least take a break and have dinner.  If you want to return and work                                                some more after dinner, do so, but at least initially, DON'T start opening and getting into                                          your "pallet stock" until you've been able to get everything else organized and dealt with                                        as you're going to need to maintain as much order as possible before creating any more                                          chaos.

 

Once you get your current inventory under control, you can use those blocks of time allocated above on other tasks.  For example, 1:30-3:30 pm every day could be used to *start* digging into your pallets.  Resist temptation; do one at a time and perhaps even a partial one.  When you dig into them, you should do the following:

 

  • Set aside an area in your garage dedicated to "processing" new inventory -- do NOT mix this new stuff in with your current listing inventory, yet.
  • Use the same sort of organizational principles -- box/stack like stuff together, make a written inventory of what you have in terms of  type/model of item/etc. and the quantity.
  • Once you have unearthed and organized some new inventory, then set aside say 3:30-5 pm every day to start researching it.  By researching it, I mean doing your homework in terms of pricing, how best to sell (sell in bundles, stand-alone?)  In the beginning, you can just make notations on your inventory sheets that you've attached to the boxes/tubs, but eventually you can put this info all on a spreadsheet if you like.

Use 5-6 pm every day to do the day's "clean up" as noted above.  It will help you feel more in control and ensure you can hit the ground running the next day.

 

Once you start digging into and researching your new inventory, you may want to come back after dinner and work a couple of more hours on writing copy, drafting listings, and taking photos.  If you don't have enough room in your garage yet, clear out your reception room and set that up to facilitate photo shoots.  Come up with a system and stick to it.   Research, write, shoot, then post the listing.   Once that's done, then that item moves from your "Inventory Processing Area" to your "Active Listing Inventory."    Make sure when it does the outside of the box/bin is properly labeled and inventoried.

 

Unless you're caught up on things, if it were me, I wouldn't get into tinkering with the computers you need to reformat.  That kind of thing can be a tremendous time-suck and while it can be a nice diversion, before you know if you will have spent ALL DAY dinking around with a task like that and getting nothing else done. 

 

In fact, I would suggest when it comes to that sort of task you think about "working smarter, not harder."  I'm  betting you could hire a local kid who loves and is a whiz at computers for not much money who would be able to figure out what needed to be done to get those computers up and running in a fraction of the time that it would take you.

 

Anyway, sorry for the length of this post, but I hope at least some of it will be helpful to you.  I know what it's like when you are absolutely overwhelmed -- your head is spinning, you wonder what you got yourself into, and what was supposed to be fun and exciting soon becomes the polar opposite of that of you can't get your priorities straight and things under control.

 

If you want/need more help or advice, feel free to PM me instead of taking up a ton of space in the forum if you like.  I'd be happy to help if I can, as I said -- "been there, done that, bought and worn the t-shirt, more than once!"  🙂   Good luck!

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Need advice from sellers that deal with large quantities of inventory

@b_3_surplus, sorry about the formatting of my earlier post.  I have no idea what happened there.  Hopefully, you'll be able to read it and figure it out without getting a migraine.  😉

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Need advice from sellers that deal with large quantities of inventory

You know what? You spent a heck of a lot of time writing that, and I want you to know that I sincerely appreciate you doing so. That means a lot and it's great information.  As a matter of fact i printed it out..all 13 pages of it (the font was huge when it printed) and I will use it as a resource and go back to it from time to time. 

The refraining from digging right in is going to be tricky, but that's one of my issues. I jump from pallet to pallet, task to task, but never quite finish any of them lol.  Talk about ADD. I think is a coping mechanism for the feeling of being overwhelmed.  Yet, it makes me even more overwhelmed.  

 

I've always been a messy guy, and they say your room or workspace is a lot like the inside of your head. If you are a unorganized or overwhelmed on the inside, your workspace will reflect that.  You guys would think I had one messed up head if you saw my workplace right now lol. 

 

You can probably understand why it didnt take much to convince my wife to let me get my own place. Her exact words were "as long as you get all this **bleep** out of our house".

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Need advice from sellers that deal with large quantities of inventory

Let me ask you this...Have you ever decided to let go of an item that hasn't sold in forever so you throw it away, but forget to pull the listing and it sells just a couple days later? 

Happens to me every single time lol

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Need advice from sellers that deal with large quantities of inventory

As someone else said, #1 stop buying. My #2 is to have a play listing day, I take minimum amounts of pictures, get as many listings done as I can, toss it all up on ebay, see what sells. Anything that doesnt sell, come back to it in a week or a month whether auction or bin whatever, refine those listings. But get it in your "inventory" of your actual ebay selling space. 🙂
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Need advice from sellers that deal with large quantities of inventory


@b_3_surplus wrote:

You know what? You spent a heck of a lot of time writing that, and I want you to know that I sincerely appreciate you doing so. That means a lot and it's great information.  As a matter of fact i printed it out..all 13 pages of it (the font was huge when it printed) and I will use it as a resource and go back to it from time to time. 

 

You're welcome.  But, *I hope* you won't just "go back to it from time to time."  😉    Chaos breeds panic and also does a number on your self-esteem.   If you want to get things under control, you need to focus and take action, and the sooner you do, the better you'll feel -- about everything.  🙂

 

The refraining from digging right in is going to be tricky, but that's one of my issues. I jump from pallet to pallet, task to task, but never quite finish any of them lol.  Talk about ADD. I think is a coping mechanism for the feeling of being overwhelmed.  Yet, it makes me even more overwhelmed.  

 

Right!   You *think* it'll make you feel better because in your mind you'll be making an effort to solve the problem, but due to the scale of what you're trying to deal with, when you are barely able to put a dent in it, you just end up feeling even more defeated and overwhelmed than you did to start.   So stop it!   😉

 

You have to learn to focus.  If you have to, think of those pallets like dessert -- you don't get to eat dessert until you've cleaned your plate.

 

Get all your other stuff cleaned up and organized, and the sense of accomplishment you'll feel will give you the power to tackle the worst/larger jobs with confidence and stop that feeling of "the faster I go, the behinder I get."

 

I've always been a messy guy, and they say your room or workspace is a lot like the inside of your head. If you are a unorganized or overwhelmed on the inside, your workspace will reflect that.  You guys would think I had one messed up head if you saw my workplace right now lol. 

 

LOL...  But that analogy works the other way, too.   Put some order into your surroundings, and you won't so easily be distracted or feel so scattered or out of control all the time.

 

You can probably understand why it didnt take much to convince my wife to let me get my own place. Her exact words were "as long as you get all this **bleep** out of our house".


Have you ever heard the old saying:   "If you don't know where you're going, any road will do?"    Well, that's lovely if you don't mind ending up in another state when you only meant to go into town to get a quart of milk.  😉

 

If you take anything away from what I wrote, it's that you really need to stop "doing" and take time to sit down and work out a plan, THEN focus, and work the plan.    Good luck!

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Need advice from sellers that deal with large quantities of inventory

I once re-listed an item that I had already donated. I guess the ebay gods were looking out for me because I went back to the Goodwill and there it was staring me right in the face. Whew! That was a close one.

Keep your sense of humor (sanity) close by and everything will pull together just fine. Sometimes it’s day by day, sometimes it’s minute by minute. I agree that  organization/structure can create order but I also like to mix it up a bit because I get bored easily. The only thing I make myself do daily is ship first. Another thing I try to do is photograph/list 10 items daily. It doesn’t always work out but I don’t beat myself up if I don’t list them all. Right now I’m sorting through inventory and researching. Nursing a torn hamstring so haven’t listed much at all this this week. But it gives me time to rethink my game plan. Just take a few deep breaths and dive in. 

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Need advice from sellers that deal with large quantities of inventory

"I'm getting behind on orders"

 

This should be your top priority. Stop doing everything else until all of your orders are shipped.

 

"have no inventory record what so ever"

 

A seller can have 10 items or 10,.000, but if they don't have a system to organize and manage inventory, they will end up losing items  and having no idea how much profit or loss they have.

 

IMHO this should be your second priority. Stop taking in any new inventory until you have organized all of your current inventory and recorded every single item. The system doesn't have to be complicated, it just needs to be organized and complete. I use an Excel spreadsheet.

 

Some items, like the computers, may not be worth selling—at least not here on eBay. In addition to the time involved in prepping them for sale, computers are a highly scammed item that are probably not worth the risk. So take a critical look at them from a business standpoint. Would you be better off selling them as-is at a lower price locally for cash? Or even donating them to a charity and taking the tax deduction? Their value gets lower with each passing day. There's a lot to be said for getting rid of them immediately so you can stop stressing over them immediately and focus on your more profitable items.

 

Same thing for the power cables. Even if they are new in the retail package, chances are many other Chinese sellers and shooting-star PowerSellers have already cornered the market. Consider them critically and don't be afraid to dump them in one way or another if that is best for your business. But if you can sell them profitably, they may do very well for you.

 

When you have organized and recorded all of your inventory, and cleared out items that aren't worth your time, then I'd say the next step is to list them all, starting with the most profitable and working your way down. You will then have good records of profitability that will inform future inventory buying decisions.

 

After ALL of your inventory is organized, recorded, and listed, THEN I'd recommend that you resume obtaining new inventory.

 

I hope this helps. Best of luck to you!

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Need advice from sellers that deal with large quantities of inventory

Im finally living my dream. I now have my own shop with a garage that's absolutely perfect to run my eBay business out of. I have a "reception area", a "private office " and the rest is all garage.
This is all I've ever wanted..I should be incredibly happy, but I'm not

 

Don't quite know how to say this.........but  was that the whole dream?  Is Ebay just an excuse to have your own place to putter around?  There are a lot of people who have a dream but can't follow thru and I'm not a shrink, but I think sometimes it has to do with fear of success.  Since this isn't the only place in your life you may be having trouble, it might pay to talk to a professional.  I have done it for other reasons and followed thru on the suggestions from her far faster than I have followed thru on the same advice from others........  Something about paying for advice that makes using it more "necessary".

 

Beyond that, I'd say the first thing you need is room to work.........so yes your tentative idea about ditching the huge pile of power cables is probably the first step.  In it's place I'd put a huge stack of Banana Boxes.....you can get free from groc stores/Walmart.  Those boxes may spur you to "start filling" them.  BUT before you do, number them, get a notebook and don't put ANYTHING in them that you don't write down.  Designate them as I with a number (inventory, meaning not listed) and L with a number (meaning listed).  Do NOT list anything that doesn't go in a box AND get noted in the notebook.  With your Inventory make a decision on the price point you want......$10,$20, $30, etc.  Note that on the boxes and sort items you think will hit those points.  When you list, start on the highest priced box you have.......and NEVER delve into the pile, only the boxes.  Anything below your price points gets put in the D (Donation) or R (recycle) boxes.  Those get emptied 1x a wk. if necessary........

 

To get yourself started on a task, decide first what it will be......set a timer for 15-20 minutes and promise your self that is all the time you "HAVE to" spend......most of the time that will jump start you into doing it longer with that task, but don't let yourself get side tracked by another task until you work an hr (you decide the length of time).  Then take a break to decide what the next task will be......Obviously shipping sold items comes first, but do your deciding before you start on that, so you can move into the next task without stopping. 

 

You can't solve all this in a couple of days........and it won't go away by whining (tough love here) about how you've never been organized, have ADD, etc.  IF selling on ebay/elsewhere is part of your dream, you will start with some of the suggestions that you've asked for...... If you can't get yourself started on it, again, I'd question whether your dream isn't something else that you're not admitting to yourself.  There's no shame/failure if you find ebay isn't really something you want to do.......

 

Best of luck.......

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