Friday, January 24, 2014

Putt Putting Along

When the new year rolled around I considered how I wanted to improve my ebay store. I had been busy since August trying to get my store inventory up in anticipation of the holiday shopping. I was trying to get items into my store that would sell, regardless of the selling price. I think that the lowest priced item I had was priced at $3.99. After looking at the profit margin on items priced in the range of $3.99 to $6.99 I decided to phase out those lower priced items. I also looked at things that didn't sell at all or took forever to sell. Those had to go also.

As a result of my decisions I have eliminated some items that just didn't do it for me.

Patterns
I have been an avid seamstress since I learned to sew on my grandmother's treadle sewing machine when I was about 8-9 years old. Granted, it took a while to gain some skills on the sewing machine, but I kept at it until I could do a decent job. I proudly made both of my high school prom gowns. Not because I wanted to show my skills off, but because financially it was a smart move. I figure I save about $100 on each gown by making them myself. So to make a long story short, I know my way around a pattern or two.
I had a habit of picking up patterns at yard sales or the scrap exchange for 10c to 25c. Good profit margin when most patterns go for $5-$10. But most of the patterns I picked up just didn't sell. The ones that did sell were vintage craft patterns ($10-25)and Vogue Couture Patterns($25-90). So I have eliminated just about all of my patterns.

Mugs
I like mugs. They are easy to find. Fairly easy to ship. Easy to store. But most mugs don't bring me the profit margin I'm looking for. I just can't sell a mug for more than $10-12 for the life of me. I need to be more selective with my mugs. I type this as a basket is sitting next to the computer with about 6 mugs in it ready to list. Most of the older listing I won't be relisting because I could use the space for things that will sell faster. And all you sellers out there that sell Starbucks mugs right and left. Good for you because I can't do that. I have two city mugs that I have had listed(maybe a little high$) for about 9 months and while 4 others that I listed at the same time have sold these two are holding up progress. Time to bite the bullet and lower the price.

Infant Loveys-Security Blankie
These are so sweet. What a good idea. Better than carrying around a full size blanket until you get married.(really happened) Or having the hotel housekeeper think it is trash and throwing it away (yep, same blankie)
But I can't sell them. I have a storage box full of them and while I sell one occasionally, it isn't worth my while or storage space to buy any more. I have tried raising my prices, lowering my prices, just about anything to get them to sell and zilch. And I have this one for sale that truly baffles me. I regularly get over 100 hits a month on this one item.Cute as a button and perfect shape.
But it has been sitting forever. Well, at least six months. When I listed the super hero there was one other in the expired listings for about $50. I thought that was too high so I went lower. Lets face it, this isn't a rare item. So mark these off my shopping list. No more blankies.

On to more positive things. Starting off the new year I decided to only list new items that will bring me at the very least $10 profit. And of course I immediately begin to sell lower priced items. Tuesday I shipped out 4 items. An average day. Total cost of these varied items were $5.80. The total profit on these 5 items was $46.79. Not a bad day. But a bad day when you consider one item, a boggle game sold for $6.99 and another item sold for $24.99, a new flannel gown.  That's too much of a difference to make me happy. I want more $24.99 and up sales.

Now, I must go purge stuff. It makes me feel better, gives me more room AND I can go thrifting and buy stuff that will sell.



7 comments:

  1. I am sure you already do this...but just in case....I had trouble with loveys for a while too. Mine was a key word issue. I now look in solds, choose high to low, pick the highest one or two. Don't copy anyone's work but make sure you use the same category, & have the same key words as these best selling ones worked into the title. They are really light so try BIN w free shipping. Sometimes just a penny less makes yours the lowest current price so pay attention to that too. I LOVE that superhero one, surprised it hasn't sold! I enjoyed your post, thanks :)

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    1. Thanks for the tips. I did go and revise the super hero one but I just added blanket to the title and rearranged it some. I'll try your tips with the ones I have left. I always hesitate to do free shipping because nothing is free, but you are right about the penny making the difference in the perception that an item is cheaper. I look at 9.99 and see $9 and some (SweetiePie) look at 9.99 and see $10. Thanks

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  2. Sounds like you've got a good plan! I'd like to list things that I can make at least $10 profit on also. Hoping this summer will have some good stuff at good sales! ~~Pam

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  3. I am just starting to really figure out what will consistently make a decent profit. I had to purge a bunch of stuff yesterday.

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  4. I love everyone's blog, but everyone sells different things. I just love to see what everyone else sells. I guess this is one reason I like selling so much. Every day is an adventure as to what sells and every trip to the thrift is an adventure.

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  5. I can't for the life of me sell mugs either. I currently have 30. I keep saying no more mugs and then I will see a cute one and can not resist. It doesn't help that the t.s. I go to sell them for .39 I also have a hard time selling the loveys. I see posts upon post on my fb groups of people selling them so I know there are buyers, I just cant seem to attract them.

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    1. I did it again today. I went to the Habitat Restore today and the only thing I bought was...another mug! I should have just put it down and walked away but.....I couldn't resist. It had original tags.....

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