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Buying and Selling on eBay: Tips, Tricks, Problems & Questions - Page 249

post #3721 of 15831
Quote:
Originally Posted by Snoogz View Post

Sc
Scan them and store them digitally. I didn't think I would need the actual physical copy...

Oh you're cool then. I thought you weren't keeping them at all.
post #3722 of 15831

To Streamline my receipt storage routine, I'm thinking of of just taking a quick picture of the receipt with my phone, and then emailing them to myself.  From there I can categorize them by months in different folders....This will cut down on having to use a scanner and upload them to my computer hardrive.  Rather use an email account as a cloud based system.

 

Anyone else use some sort of system similar?

post #3723 of 15831
Quote:
Originally Posted by suited View Post

Quote:
Originally Posted by Snoogz View Post

Have u ever found urself having to reference them for taxes?

This will be my first year doing taxes. I hope I don't have to.

 1st year ever? uhoh.gif I think I've done taxes since I was 16 and had a part time job.

 

Quote:
Originally Posted by suited View Post

Quote:
Originally Posted by Snoogz View Post

Sc
Scan them and store them digitally. I didn't think I would need the actual physical copy...

I keep them in a shoebox. Old school. I write on the back a brief description of what I bought.

I received this message from someone inquiring about a new Gucci handbag I have listed. She said she was interested, but only if I would accept returns. I explained to her my hesitation on returns on general, and asked her if there was something she couldn't see in the photos or description. This is what she said:
Quote:
I just return when the item nothing like describe sometime the item receive that is not the same as its description ,sometime its look good on the picture ,I afraid when I receive ,it will not look like the one in the picture ,it look less beauty, also people say its fake if I buy on ebay ,that's why if the item not accept return I don't buy. thank you

Nearly ever bad experience I've had as a seller has been linked to someone that had poor grammar, whether it was a result of English being their 2nd language...or just poor grammar. They also only have 9 feedback. Most of the time a message like this would be a red flag for me, but it's tempting considering that the bag is listed for $525.

What is her feedback left for others like or just post the ebay ID?

 

How much could it sell easily for? You profit margin is not really the $525, but the difference of what if could sell easily for minus the $525, if you think you could sell it easily for $400 you are there by gaining $125. Is $125 profit weighed against the risk of losing $400 worth it?


Edited by Brianpore - 7/1/13 at 11:16am
post #3724 of 15831

@ Brian, no no I have been doing my taxes since I was 16 as well.  This will be the first time having to include eBay sales...

post #3725 of 15831
Quote:
Originally Posted by Snoogz View Post

@ Brian, no no I have been doing my taxes since I was 16 as well.  This will be the first time having to include eBay sales...

lol8[1].gif That's what I assumed. I personally keep all my receipts, map out my miles, have ebay/paypal/shipping fees printed out etc. You prob wont need them, something like 3% of people get audited, but if you dont have them you can't prove what your investment costs were. In this case it's only $5-10 per item prob so not the end of the world but just a pain that can snowball. I think you need to keep them for 7 years if I'm not mistaken.

post #3726 of 15831
I assume ur eBay sales are included as personal income vs business income for tax purposes? Or do you have a separate business license for eBay sales?
post #3727 of 15831

You only need a true business tax ID if you have payroll...I think. If you don;t have one, your business ID is your name. It can all be filed together in one return, but there is a business section. I use Turbo Tax, Home and Business edition. Piece of cake.

post #3728 of 15831
And as far as collecting sales tax, were able to collect it via eBay without a EIN # issued from our state?
post #3729 of 15831

question on suit jackets/sports coats:.

 

a)for sports coats just fold them in to a medium flat rate USPS box? or the large one?

b)and would you gift wrap/ wrap with wedding paper type material? or just stuff it in as is?

c)I was also thinking just get really big ziplock bags and just keep it in there and ship it like that

 

thanks guys

post #3730 of 15831
And as far as collecting sales tax, were able to collect it via eBay without a EIN # issued from our state?
post #3731 of 15831
Quote:
Originally Posted by sparrow View Post

question on suit jackets/sports coats:.

 

a)for sports coats just fold them in to a medium flat rate USPS box? or the large one?

b)and would you gift wrap/ wrap with wedding paper type material? or just stuff it in as is?

c)I was also thinking just get really big ziplock bags and just keep it in there and ship it like that

 

thanks guys

Regional Rate A, side loading box. I wrap them in the plastic that the dry cleaner provides or put it inside of another tyvek envelope. I have seen shirts in ziplock bags, but I don't think I would put a sc or jacket in there.

post #3732 of 15831
Quote:
Originally Posted by Brianpore View Post

 1st year ever? uhoh.gif I think I've done taxes since I was 16 and had a part time job.

What is her feedback left for others like or just post the ebay ID?

How much could it sell easily for? You profit margin is not really the $525, but the difference of what if could sell easily for minus the $525, if you think you could sell it easily for $400 you are there by gaining $125. Is $125 profit weighed against the risk of losing $400 worth it?

It was given to my fiance as a gift a long time ago. She never used it so she wanted me to sell it. I told the buyer that I would let her return it as long as it was postmarked within 2 days of her receiving it. Her feedback as a buyer has been good.
post #3733 of 15831
Quote:
Originally Posted by tben View Post

Regional Rate A, side loading box. I wrap them in the plastic that the dry cleaner provides or put it inside of another tyvek envelope. I have seen shirts in ziplock bags, but I don't think I would put a sc or jacket in there.


Thanks, you dry clean before listing?

post #3734 of 15831
Quote:
Originally Posted by tben View Post

Regional Rate A, side loading box. I wrap them in the plastic that the dry cleaner provides or put it inside of another tyvek envelope. I have seen shirts in ziplock bags, but I don't think I would put a sc or jacket in there.

What does this cost you on average? I ship blazers in a tyvek that's placed inside of a poly mailer. On average it runs about $7.25.
post #3735 of 15831
Can anyone recommend a good consignment service or person? I have a half dozen or so suits I want to get rid of (mostly fashion house stuff, like Prada, Dior and Gucci - nothing really SF approved) and I take terrible pictures and have next to no ebay seller profile, so I think it makes sense for me to consign them off.

Any recommendations would be greatly appreciated.
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