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Showing posts with the label eBay Selling

eBay Followers Milestone: 200 followers

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In 2021, it took me all year to get about 100 followers, I have hit 200 at middle of August 2022, so making progress. Its probably one of my more cherished metrics as it is probably one of the best indicators your doing something right (or wrong). I am a single person operation for the most part, so my growth is only going to go so far, but I am very comfortable with the feedback I have received and think I am promoting a better atmosphere for eBay selling (or anything else I am involved in). Honesty, fairness, empathy…even today are still great behaviors.  Boy, I printed the web page out, circled in marker, scanned it, cropped it, just for this blog post. There must be a better way! John

It’s Just a Metric (on eBay): 0.28821879382889200561 (28.8%) - Percent of Listings with Watchers

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I track a number of metrics on eBay. Probably a debated one is the number of listings that have watchers. The reason is because the competition often follows similar listings, either to watch what they sell it for, they are preparing for a future listing of a like item, or perhaps (on a rare occasion), someone is actually watching an item because they are interested in it. I actually watch items similar to new acquisitions so I can use it as a comp and unwatch after I list my item. In the above picture, I have a new high of roughly 28.8% of my listings having watchers. My only indicator is that it can’t be a bad thing, but just one of the things I watch. I used to keep a close eye on average item selling price, but got discouraged as we tend to sell a good bit of lower end items that I get at auction and just list them as they are reasonably good potential sales, so abandoned that for my own sanity.  Other things I keep an eye on daily: Rolling weekly sales $ Promoted vs Organic impres

Custom Picture Framing Portfolio - Volume #3

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Here is the third volume of framing projects, a continuation of  Volume #2 . For pricing information, go  here . Hiroyuki Tajima (Japanese, 1911-1984) “Capricious Red” Abstract Woodcut 1976. Got this at Rummage Warehouse and a great barn find. Had a good Japanese frame available in right size and replaced glass and new matting and backing. Sold quickly on eBay   Got this pair of signed Japanese prints at OMT auction as well. One had glass broke and matting needed to be replaced. Went with a double mat beige outer and black inner. Really liking the new mat board cutter and getting nice clean corners, also tweaked alignment for accuracy and was effective. These are the original frames, but had to re-glue some corners, they had nails in them already so opted to not use the V -nails. Used the heavier dark gray backing paper. Everything is acid free on this. For sale on eBay here . Got this at OMT auction for a few dollars, just on cardboard but liked it, was dated 1976. Found an older fram

My Work Area for Photography of eBay Listings

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I know some people go all out with light boxes and making perfect pictures for their listings. Not sure why, but I like the raw, almost a amateur look to my photos, but want them to be clear and properly represent the item for sale. I never do the masking of the background which eBay app can do. In most pictures, I keep a folded bed sheet with a light pattern for the background and as that gets dirty I simply fold it over and over to a clean section until I have to wash it. Clothing and pictures I usually just put on the sleeper sofa in my office and point the lights there. Anything large hanging goes on a door hinge to a closet and just take the pictures there…making sure to shut the door as my other half is working from home across the hall. I broke the light I have been using…one of those high end (over priced) crafting lights (Ott or something) and found some new LED-based lights with built in diffusers which were under $75 for two and work great. Probably last years model, but the

eBay Sales Projections - The Flaw in my Thinking

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When I started this whole endeavor, I tried to apply simple math in the projections. If I was selling $3000/month with 1000 listings, that if I double my listings to 2000 with quality products, then my sales would double to $6000 (fake numbers, but you get the point). My flaw I have realized is (I think) that the good quality items will normally sell faster given a competitive price and the weaker items will hang around for longer (often much longer) and will slowly trickle through sales.  So, even through I have double my listings, the good items are selling faster I am only seeing small % increments in sales as a result. This makes me things that I will soon if not already, be the bottle neck based on how much I can acquire and list quality desirable items. I knew that this would come eventually, but now I am thinking that I am going to hit this wall sooner than later.  I need to think about this a more and revise my projections and strategy. John

eBay Pricing - How Do I Price Listings?

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How do I Price listings? First I have to admit that there is not really a specific strategy that applies to everything. Factors which play into it: Condition Presence of original packaging / box and its condition How much the shipping will be (I don’t do free shipping) Is it an exceptional listing that represents the brand? Emotional value (to me or Zabrina), do we want it for display in our house for a while? Rarity or saturation Past experience with item or category Comps Sales history (myself and other sellers) How many similar items like it do I have? First off, let me say that, the more I do this, the more that I am improving and find I can do more pricing with minimal or no lookup. Once I a price an item, it absolutely is not set in stone but fluid based on number of watchers over time; the cost I paid (which really only influences higher value pricing) is rarely an influencing factor as I look at the cost of a whole lot and not single items. So some items might just get my cost

eBay Sales and Fee Breakdown - Example Widget

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I thought I would walk through an example of the numbers of an actual eBay sale which covers all fees and see what the actual profit was. In this example, it was a Vintage 1950s Smith Corona Sterling Typewriter . It sold for $126 and buyer paid a total of $156.81. An item I got at OMT Auction in wonderful condition, provenance, and buyer got a very fair deal. So lets look at the numbers: Buyer paid:                    $156.81       (Item $126.00, Shipping $20.55, Tax $10.26) eBay Fees:                     - $21.65      (Final value fee $16.94, insertion fee 0.30, and promotional fee $4.41) Actual shipping:          - $16.43 My cost:                         - $5.00         ( I got it for $5 or so at  auction) Shipping supplies:     - $2.00         (Ballpark, but bubble wrap, box, it was heavy item…roughly close) My time packing, etc.    (Priceless, so wont include that here as it will skew the numbers) Profit:                              $111.73 If it were an international order, there

What I have Learned So Far - What I Like and Don’t Like about eBay Selling and Life in General

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I am closing in on my 18 month milestone of starting SecondMoonshot and my second career selling on eBay. Not so much a lessons learned, but a few things I like and some I don’t, some about eBay, some about life in general. In no particular order. eBay gets a lot of gripes on the forums, but for what they offer on the platform, I have no issues and fully support the direction they have taken. Likes In-person auctions: human interaction, meet new people, better people, better wins The thrill of finding a gem and paying little for it I get to spend time with Zabrina I get to drive around in my cars most days I am learning every day, keeping my mind active and feeling productive; by nature I am a workaholic; I will never know everything and that’s a good thing I run the business like I want to, treat customers the way I want to, every good decision and mistake is mine, I am solely accountable; I.e. if a customer is not 100% satisfied, they get a full refund plus shipping, no questions ask

A Week in the Life of SecondMoonshot

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I thought I would document what a typical week is like for me with SecondMoonshot. I’ll start with Monday and close with Sunday. This will be a live blog post and will update as I progress through the week of May 16th to 22nd, 2022. Monday Monday through Thursday are mostly days filled with posting new listing from purchases acquired over the weekend. I start the week with creating new listings on my iPad. I normally will have all the items filtered in the great room downstairs an sort between garbage, donate/yard sale and resale by Monday morning. Garbage goes in garbage, donate/yard sale goes in attic waiting for the next neighborhood yard sale, and resale goes into the office for new listings. Zabrina hates when I have the piles in the living room for too long so have to have everything moved by Sunday night.  Purchases will have come from One Man’s Treasure Auctions primarily, consignments I picked up the prior week, with an occasional estate sale or thrift store thrown in. I usual