or Connect
Styleforum › Forums › Men's Style › Classic Menswear › Buying and Selling on eBay: Tips, Tricks, Problems & Questions
New Posts  All Forums:Forum Nav:

Buying and Selling on eBay: Tips, Tricks, Problems & Questions - Page 408

post #6106 of 11957

Forgot one...

 

 

5. Listings not optimized for mobile devices such as the iPad or tablets. Yes its a pain in the a** to click "view full screen" .

post #6107 of 11957
Quote:
Originally Posted by Snoogz View Post
 

 

 

The awesome thing about Spoo's approach to selling on eBay, is it grants him no money being tied up in stock.  I mean I would say 5% or less is probably not sold each week, which from his point of view (every dollar counts(and I agree)) is so very on target.  Weekly selling 150+ items (with a minority of it at a small profit margin) still is nice to know you are pushing product out the door, and not hanging onto it.  But that approach I feel is only successful when the commitment, consistency, and dedication week in and week out is taken.

The thing I would add is that if he didn't have excellent customer service and marketing skills and demonstrated execution, he wouldn't have the people lined up to consign with him.

 

In this particular business, finding the product is the most time consuming part. The capital involved can start with $2.00 to buy a used tie at goodwill and re-sell it for $40. then roll that over into 15 more ties. Your time to revenue is mostly dependent on how fast your process and post your finds. 

 

I tend to rate stuff based on the olympic diving method. There's the performance and then there's the degree of difficulty. To me, Wes has a very high degree of difficulty. He's a one man operation, doesn't take any consignment items, and works a full time day job. At some point, the need to sleep 4-5 hours a night and to maintain family relationships becomes a limiting factor.

 

But my frame of reference is the last 9 months of reading this forum. I call it the "just got here" syndrome. My frame of reference doesn't account for the years and years of difficult work it took others to build their businesses to the point they are now. 

post #6108 of 11957
Quote:
Originally Posted by capnwes View Post

Well put Jebarne.

I worked in restaurant management for many years.
I am so so so so sorry, Wes.
post #6109 of 11957
Just out of curiosity, I know that 10 day auctions, Thursday-Sunday ending in the early evening, have yielded the best results for sales. But from experiences, how much worse have sales been for listings with different lengths and ending days? Ideally, doing a little shipping each day would be better for me than one massive shipping day. Just wondering about some average percentages if anyone knows.
post #6110 of 11957
Quote:
Originally Posted by My Main Man View Post

Just out of curiosity, I know that 10 day auctions, Thursday-Sunday ending in the early evening, have yielded the best results for sales. But from experiences, how much worse have sales been for listings with different lengths and ending days? Ideally, doing a little shipping each day would be better for me than one massive shipping day. Just wondering about some average percentages if anyone knows.

It's been proven (read a lengthy article with fancy graphs) that ending sunday is the best. That said, if you are running auctions, why not pack items throughout the week when they get bids then all you need to do on Sunday night/Monday is print labels and stick them on which is the easy part. If you dont already have, get the peel & stick labels which save SOOO much time and worth every penny.

post #6111 of 11957

was bidding on this ebay auction just now, and accidentally punched an extra zero(6000 instead of 600). Now it's already way higher than I intended to bid, and there's only 3 hours left...What's the best way to get out of this? Obviously I'm going to automatically overbid anyone from now, since unless someone bids over 6k. 

 

edit: nvm, found out.

post #6112 of 11957

Contact seller and ask him to cancel your bid?

post #6113 of 11957

 

Found out that one can retract the bid via going to site map -> buying resources -> bid retractions 

Apparently one can retract bids there, if there's been a price typo or some other stuff...had to put in my intended bid though. 

post #6114 of 11957
Quote:
Originally Posted by jebarne View Post
 

The thing I would add is that if he didn't have excellent customer service and marketing skills and demonstrated execution, he wouldn't have the people lined up to consign with him.

 

In this particular business, finding the product is the most time consuming part. The capital involved can start with $2.00 to buy a used tie at goodwill and re-sell it for $40. then roll that over into 15 more ties. Your time to revenue is mostly dependent on how fast your process and post your finds. 

 

I tend to rate stuff based on the olympic diving method. There's the performance and then there's the degree of difficulty. To me, Wes has a very high degree of difficulty. He's a one man operation, doesn't take any consignment items, and works a full time day job. At some point, the need to sleep 4-5 hours a night and to maintain family relationships becomes a limiting factor.

 

But my frame of reference is the last 9 months of reading this forum. I call it the "just got here" syndrome. My frame of reference doesn't account for the years and years of difficult work it took others to build their businesses to the point they are now. 

 

 I agree with you 100% on the marketing skills and customer service. The execution is a byproduct of those two things: without the marketing skills or the customer service, he'd be nowhere near as successful as he is.

 

 For guys like me who are relative new to this game (yeah, I still kick myself for not getting in when Ebay first came around... I made my first flip in 2002, I should have known it would be good business!), the proven execution will come. I've been having discussions with some of my business savvy friends on how to market myself and start doing consignments. It's not an easy thing to get into, but I believe that in my area of expertise (I make most of my sales on outdoors gear), and with my network of friends, I can do quite well. I'm also pondering a proxy sale /profit sharing relationship with a good friend who mostly thrifts for herself, but has an excellent eye for quality goods. She happens to live in a major market, so I think this will be a win-win for the both of us.

 

 I view small-time sales as filler for when the big stuff isn't selling as well. It's obvious to me that my primary goods are primarily spring/summer things, so I need to find a way to fill in the gaps for the "off season". So far, it's looking reasonably good.

 

 To me, the small-time items that are worth the most are the ones I can purchase 10+ of each variation and create one listing. If I can make a reasonable profit selling multiple items from the same listing, obviously it's a better deal for me.

 

 My best flip this past week was an item that I sold for 18x what I paid for it, which at auction would have likely gone for 4-5x. Was it worth holding that item for a couple of months? I sure think so. Of course, not everyone here has the room I do for storage. With limited storage, I'd opt for quicker sales too! I just happen to have an extra room or two to use for storage...

 

 My goal is primarily to limit the amount of time spent per dollar earned. This will help me maximize the sales potential of my venture. Since I don't have to worry about working "for the man", I can focus on this venture and I will succeed at it. My short term aim is to make a reasonable living at it, my long term aim is total domination. :rimshot:

 

Now if I can just learn how to tell the latest styles of menswear from the stuff made in the 80s... :bigstar:

post #6115 of 11957
Buyers beware: seller "Paramountvintage" is not to be trusted.

Sold a pair of Carminas. No damage disclosed. Contacted him to take issue with some damage and significantly more wear than was represented. Went CRAY CRAY. I will spare you the dialogue, but to say it was insulting would be a major understatement.
post #6116 of 11957
Quote:
Originally Posted by capnwes View Post

Maybe 35% higher than my usual. Pretty sure this is my top week. I will have to check the records later.

Yes, I beat my top week, which was mid December last year, by almost $500.

post #6117 of 11957
Quote:
Originally Posted by capnwes View Post

Yes, I beat my top week, which was mid December last year, by almost $500.

Things are starting to pick back up again for me as well. The summer was slow as hell. I made my best flip to date just a few days ago. Sold an item for 44x what I paid for it icon_gu_b_slayer[1].gif
post #6118 of 11957
Quote:
Originally Posted by capnwes View Post
 

Yes, I beat my top week, which was mid December last year, by almost $500.

Congrats and well earned!

post #6119 of 11957
Quote:
Originally Posted by jebarne View Post
 

Congrats and well earned!

Thanks fellas.

 

And...to celebrate....I just clicked the payment checkout button on the purchase of my new Macbook Pro! Garage Sale here I come!

post #6120 of 11957
Quote:
Originally Posted by Fueco View Post
 

 

Now if I can just learn how to tell the latest styles of menswear from the stuff made in the 80s... :bigstar:

 

If only there were some place on the internet that was an absolute cornecopia of such information!  :nest:

New Posts  All Forums:Forum Nav:
  Return Home
  Back to Forum: Classic Menswear
Styleforum › Forums › Men's Style › Classic Menswear › Buying and Selling on eBay: Tips, Tricks, Problems & Questions