Re-Evaluating My eBay Business To Maximize Time and Profits
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- Опубліковано 11 тра 2024
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I changed my pricing model last year and it's working well. I don't buy lots and only list items over $25. I combine multiple items if I buy several pieces of similar things such as the same style of pottery or glass. I only buy items that sell for over $30. Now that I have a lot of inventory, I buy fewer than 10 items per store when I thrift so I have less to process and list faster. I price high, give great discounts and accept most offers if they make sense. I also ship only twice a week and stopped working on weekends.
Sounds like you've figured it out!
Kat I am always inspired when you reinvent your business. (And yourself) You are far from stagnant my dear. When I did WhatNot, I used to do a shout out to you, “KAT IS MY HERO.” I hear that you are a great friend to others. I hope to meet you when you visit The Villages again. I love that you love animals too. Big hug and much respect. You go girl.
I'm hoping to check out the new key training in wildwood soon. I definitely don't sit still that's for sure lol. Hope to meet you soon!
I can't believe you are talking about this! I just started doing this the past 3 weeks, I've lotted up or redonated about 75% of my store. I am not even bothering to obtain inventory if I can't list it for $40. I'm not full time (yet) but realized after doing the math that I was only making about $2.50 for every $10 sale (after cost of goods, ebay fees, shipping supplies, TAXES, cost of gas, wear and tear on the vehicle, etc). Like you the big eye opener was the time, driving to the post office daily to drop off an $8 item was becoming a waste of time (still a small store). Good luck!
Yes I can see that for sure it definitely all adds up
Hi Kat.This really resonates. Being below poverty level for so long I’m in the habit of only wanting to pay 1 or a few dollars and passing over higher price things that I know darn well will fetch more. It’s hard for me to turn my brain around and get out of poverty consciousness. I’m starting to recognize when I passed by something that I should have got and when I got something that I should have left. Uuugh🙄 it’s a process!!
Yes im all about low buying too and have gradually increased what I'll pay over the years if I have the research to back up the purchase. I don't take big risks with higher dollar items those I want to see facts that they will sell
@groovytemple just a tip, go to the library and get all the books by Barbara Stanney author if Overcoming Underearning. She is from the 90s and has great exercises to understand that scarcity ir scare-city mentality no matter the income and learn how to flip it. Also anything by Michael Bernard Beckwith, especially Life visioning. I have a master's degree used to have a private practice in psychotherapy but had to close it due to health issues and been on SSDI for 15 yrs and poverty level, so I hear you, and you are spot on the right track that the $$$ begins with your mindset, then it will change in the eternal environment. ❤❤😊
@@michellecd4722 thank you😊 I will definitely check those out!! I am determined to turn this around!!
Facts
My main problem and something I've got to work on is listing more. I have tons of inventory that was given to me by my aunt. Some expensive items included. Many high dollar shoes new in box, clothes new with tags. The list goes on and on. My problem is every day it seems there is someone asking me to help them in some way. My friends and family. It's as if they don't see what I do as a job. So my time is being spent doing things for everyone else. My goal every day is to list but the past few months I've only listed once every few days. Sometimes even once a week. I've been struggling with making them all understand I need to work. It's really been bothering me alot lately. I don't want to disappoint my friends or family but something has got to give.
I would learn to say no to them. Listen to Mel Robbins I think she actually has a video on saying no it was her or Oprah. Don't feel bad for it as you need to eat and pay bills so remember that when they ask for help. Maybe say I'm finishing up some work it will be about two hours then I can help (once you finish listing) putting yourself first is not a bad thing remember that!
Self discipline is one of the hardest lessons in life! I think we all most likely could do better with this issue in our lives. It just doesn’t have to be about reselling but for myself, I know self discipline is a must as a reseller! Not everything is worth that dollar ❤ thanks Kat!
I appreciate you!😊
Yes very very true thank you :-)
First of all, Happy Mother's Day! Last night I decided to do the same. I only have 125 listings, but recently it's been very difficult to source for the higher end items I'm used to in the thrift stores so I've been buying "whatever"! Well, BAD IDEA. I sell mostly linens and tableware...plush and clothes just aren't going to do it for me so I have to stick to what I know and love. I have so much stuff I need to get rid of, I feel better knowing I'm not alone! Thank you for all the information you provide through all your videos, I've learned so much from watching you the last couple of years!
Yes I think enjoying it is a key part I didn't mention but it's very important. I think it's easier to keyword and list items we like. I love the linens as well!
You are so smart and you definitely know what you’re doing! You are a shining example of a successful reseller! Someone who can pivot and change with the times. I will always wish you well and I appreciate how helpful and kind you are to other resellers. 😘❤️
Thank you so much!
Let it gooooooo, let it gooooooo! Yes it’s hard for me too and my house shows it.
Lol lol lol yes that part and having no space is frustrating
I'm glad you're taking a look at how to change and adapt things to fit into a lifestyle you want to have. I think everyone, no matter their success, needs to reevaluate things every so often.
Yes for sure I agree!
I too reevaluated my inventory this year. If it was less than a $10 listed price with a low sell through rate I just simply deleted it and donated it to a hospice thrift store. It was hard but don’t regret it all.
Glad to hear the letting go is definitely the hardest part!
Smart. I’ve been focused on eBay as I’m scaling up my business since I also hired part-time help. The math is most predictable there. The challenge has been sourcing bigger quantities of high-value, high sell-thru items.
Happy Mother’s Day. 💕
I appreciate you.
Yes definitely a challenege for sure!
So many good ideas. It's always good to make changes in your business.
Absolutely!!
Yes, I try to squeeze every nickel. I need to be more selective. Dalton's so cute ❤
Happy Mother's Day!❤
Thank you! Hope you had a great mothers day
Same! I’ve started leaving things behind and re-donating low dollar items. It was so hard at first, but it’s actually freeing!!! ❤
Love the changes! Love that you're evolving and thinking a bit differently. I think this is a great change for your business ROI! Since, I only sell online as a side hustle, I always say to myself when sourcing, "Will I be making over $100 an hour for the amount of time spent?" It definitely helps me to be more strategic in my sourcing.
Yes that's a great strategy!
Lotting up items also lets the buyer get more for their shipping cost-usually!! Happy Mother’s Day Kat🌷🌷
Yes! Thank you! Hope you had a great one!
It's basically work smarter not harder and you are definitely smart enough to make it work Kat. Change is scary but you've taken the first step which is always the hardest one to take.
Yes for sure! Now to follow through
I am a small partime reseller slowly growing. What you share about reevaluate business model is relatable no mater how big or small ones store is.
I would like to use my time wisely and source smarter for sure.
Yes I think there's a good point in working smarter not harder!
You go girl!! I’m a couple steps behind you in my eBay journey, but have similar goals as yours. Kudos to focusing on higher dollar items. My ASP is $35 and I’m also working on increasing it. Remember, it takes about the same amount of time to list a $5 item as a $100 one, so maximum your time and get more time back. Look at those lower dollar items as time suckers and feel good about your decision, for this part of your journey. Btw, I really love your research videos. All the best from So Cal, Kate @ Sage Tree Finds
Thanks so much 🙏 💓
The low dollar items tend to be the most work and create the biggest headaches for me. I started out with only high ticket ($200+) items but realized that was really restricting my flow sales-wise so started adding in lower ticket items. Ultimately, those lower ticket ($20 and under) items have been my biggest headaches. In over 400 sales I've had exactly one high ticket headache (eBay paid them, I did not) but at least a half dozen with low ticket items. Those items are just as much work to list but they make no money and the scammers ("don't recognize the charge", "bought by mistake", etc.) are numerous.
Yes I agree it is very rare a high dollar item causes issues
I love your honesty! You inspire and motivate me greatly.
I appreciate that!
Happy mother's day Kat! Thank you for all you do, your videos have been so helpful. And I love that Dolton gets to be involved, he's a cutie. 🥰
You're so welcome! I'm excited he's out for the summer soon!
I enjoy getting your thrift boxes! I'm glad you are going to start doing them again. I have also decided to pull all my $10 or less items, except jewelry and unbreakable items, and as I'm going thru my death pile, I'm putting all the lower items to the side for a yard sale.
That's awesome I think it should have a good impact! I need to figure somewhere to put mine aside for a yard sale as well!
Kat, I admire your honesty, most folks can't be honest even with themselves.
I have no business background, but I feel that carefully choosing items to list is very challenging for a large store (it is easy to vet 200 items but not 5,000).
Same as you hire an accountant, you can hire a business consultant to do modeling for different scenarios (these models include large errors, and you have to spend money, but you would get an idea of what to expect). You would enter the number for the desired revenue and profit, the types and prices you want to list, payroll amount, average sell-through for this category at this price range, and so on. The consultant would show you graphs, for example, if you want $1,000 profit, you would have to list 50 items at $50 or 200 items at $10. They may recommend increasing listing for one category and reducing or stopping listing for another (sell more gold jewelry and stop selling the costume one).
This research is endless, but I would check the price search and purchase range for a category, what do buyers pay for silver jewelry? If you go up from $15 to $45, would you get fewer views and fewer sales, so this price increase would not compensate for the lost sales?
If you list fewer items, you can replace two current employees with one with more say in what to pick (with more expertise).
I'm a very new seller and I've learned to check for changes in availability and prices for my listed items. I had an item not available in craft stores, but the store found more of it and has been selling it again (I've cut my price and sold it). I am also thinking that the crowd of buyers may suddenly switch from one style and run for the other, and I have to know it (let's say nobody would want hand-embroidered items anymore and start buying striped linens).
As a fresh buyer, I go for more sales, so I am happy to sell $10 and lower-priced items.
But I am not sure if eBay won't like it if a large store gets a lower number of items sold, even if your revenue goes up (if you sell 500 items instead of 1,500 items and increase your revenue and profit).
The problem with that is assuming you could find x type of items which isn't always the case. You might find a lot in one category for a while then it goes dry. That's why I think setting the price point and profit will work better. Comping for what's selling should help with figuring out changes in trends as well.
Good for you! I loved the message in this video. We all need to treat our businesses as living entities that need to change periodically to continue to grow. I appreciate that you're willing to be vulnerable, peg what isn't working as well as sharing your plan to improve. You are an inspiration and a great example to us all. Sister, you've got this!
Thank you!
Wooow thank you. I am just starting out, and this is helping me form some foresight around how my sourcing/listing practices need to grow and change along with my business. I really appreciate you sharing your reasoning and wisdom, Kat!
Happy to help :)
Best wishes Kat for a highly successful year. Your new business model sounds great. I am a part time reseller and my goals are similar to yours but on a smaller scale. Happy Mother’s Day.
Best of luck! To you as well
The other change I’m working on is moving through thrifts and sales more quickly while browsing but without picking up items with flaws.
I did that along time ago I quit selling items that are not $50 or more. I think this is a very wise move.
There was a time that I didn’t care what the dollar amount was that I was selling because I was more interested in getting the reviews and getting my numbers up
Now I just sell better items
Have a great day
Yes makes perfect sense for sure
I think all of us whom claim to be snd thrive to be a better reseller are doing the same exact thing you are. Streamlining inventory, and managing items thrifted. As always inspired by your channel.
Well said! It should be a goal as we grow for sure
This was a very inspiring video. I was on the edge of my stuffed animals which aren’t viewed over 6 months. They were part of a lot from online state auction which I already made my money back. They are taking up my space and price is low so you are right, not worth it. I watch Rebel Reseller who sells lot of toys under $10 and she said those pay their mortgage. That makes me think I should make money from every single item I got. Anyway Thank you Thank you.
Yeah but if they sit here for years they're not paying for much lol
Love your authenticity Kat!!! I too am trying to pass up the lower dollar value and buy higher value items. Thank you.
You can do it!
Thank you for all your great videos and suggestions. Twice a year I do a yard sale and I sell everything for a dollar. I give away at the end or donate. It’s just one way I try to recover as much as I can.
Great idea ! I'm thinking maybe we will make a section for inventory for this purpose to store to do one. I've mainly given away because I don't have a place to congregate them all!
Your willingness to provide guidance and share refreshing ideas is so inspiring. I want to eliminate my 'death pile' before venturing forth to buy more stock. I'm steadily weeding out everything that doesn't move fast enough in order to make way for items I can feel more confident about displaying. Frugality is a virtue balanced by objectivity and practicality, thus every time I dispose of some things which I know aren't worth keeping, I pat myself on the back and bask in the glow of accomplishment, lol. Many things just aren't worth the trouble of listing and storing, and I should have known better. The process of streamlining for efficiency requires a combination of patience and laser-focused determination along with dedicated commitment to a workable plan, and you are definitely helping me to solidify that plan into some very tangible, reachable goals. I give most of my stock a chance just to see what happens, but decided fairly early on that if I don't see an encouraging response almost immediately (for me, about three months) -- I won't allow it to take up my space anymore.
That makes sense and I think that's where sell thru rate should guide us for listing and soyrcing to help save some time
I needed to hear this. I'm just getting started. Basically I have been buying with the intention to sell. However, I have been dragging my feet. I feel like I'm to this point already. Thanks so much.
Just check stuff before listing to make sure it's worth it
Sadly, me too.
You GO Girl! Change is Difficult, but I have Complete Faith in Your Newest Business Model and In Your Ability to Carry It Through…. You are an Amazing Human Being & You GOT This! Thanks for All You Do to Help All of Us in the ReSelling Business 🤗
You're very welcome and thank you for your support
Couldn't agree more! Trying to do the same. Thanks for the validation.
You can do it!
Lots of great information. I'm not there yet to do this but when I am, this video will be a huge help. Thanks Kat.
Glad it was helpful!
KAT thank you for all your help, We appreciate you.
You are so welcome!
Thanks for sharing your journey and helping us learn along. I am grateful for your frankness and transparency, really helps
You are so welcome
Oh heck kat, you have never stagnated!! I've been watching you grow and change and improve for years! I look forward to watching everything for the next few months! Me. I continue to try to sell my large collection of dishes. Very slow sell through! LOL! Happily im a hobby seller! Happy mothers day!
Hope you had a great mothers day. I've changed it up but the income hasn't shown that is the issue LOL that's what I'm trying to fix :D
Dear Kate,you needed to do it to know … I learn from others specially when it comes to jewellery… I learned you almost never lose,,I saw when you are shopping you never almost go to jewellery I think it will be good,,, watch Dawn Hudson her knowledge is priceless and just listen you don’t have to do it her way but you never loose in Jewellery and there is good deals out there ,,,,
You are special you give the fight much love to you❤
My jewelry I get so much online in lots I will glance when out sourcing but don't find much good
Dawn has been in jewelry especially costume jewelry for decades though. She also has gotten gradually more expensive for buyers (which is working for her & she gotten more subscribers). As someone who wants to get started as a hobby, I’m looking at all options.
@bonniejosavland3227 yeah for sure I have found what works for me as most of my jewelry I do on whatnot and I'm lucky to do well there and move stuff fast for sure. If what she's doing works then that's amazing :) sounds like she's doing great
I never ( rarely ) list anything under $40.. its not worth my time. I make $3000 per month, with only about 700 listed consistently.😀
Nice!
This is so helpful. Thank you so much. I was worried about some of my low value items. But since I’m alone, it’s all good for now!
You are so welcome!
Great video Kat😊Gave me a lot to think about as far as my own business model.I really really appreciate all you do for your video watchers ❤
I'm so glad!
Great video Kat. I just started reselling a few months ago and was surprised at how much time can be tied up in the process. I respect the work ethic and determination that got you to this point. Keep growing that business girl!
Yes all the little time capsules add up to where it's not worth it for some items
Happy Mother’s Day Kat, what a great decision. Yeh less work for sell higher $$. I love the idea of
Thank you hope you had a good one!
Time is the one thing you can never get back.
Agreed!
YES
Kat, I think you are making a wise business decision. I hope you keep us informed on your step to step moves to get to your goal. That way it helps us in our business decision when we cross that point. Thank you for these great videos.
Thank you! Will do!
I love your transparency and learn so much! I just started learning how to variation listings. And yeah I have a lot I wanna change too
Variation listings drive me crazy LOL :D Do you like using them?
I agree with you I only sell on Facebook MP so does my hubby & we did a $10 & up bump a few months ago we will try to do a $15 bump again soon. I remind myself the price of everything has increased & I am not running a dollar store lol It will be hard to pass up items but time as they say is money. I have grouped some of my lower items together to sell in small lots. I just get sick of looking at items not sold for a long period of time. I would love you to do a video of your scallop hunting that sounds fun to see. You certainly deserve to have time off & a life. Hope to be a Florida snowbird next winter.
I have footage from last year I need to make into a short!
Thanks for all the tips and the break down of costs. I am by myself and most of the time my cog is 0 because I inherited so much from three estates. But I do need to evaluate what is worth selling at a lower price and what is not. I do put the date I listed something in the sku so I can track how old it is. At this point, if something that is a lower vaklue item does not sell in a year I pull it and donate it to a local church resale shop. If the price is $20 or above I wil give it two years if it is still getting views. And I make sure I use that make an offer and send a buyer an offer features. It does help move things along.
Yes for sure better to get something than give away
I am small and started a getting rid of or lotting up anything under 10 for a few months now. I feel a lot of us resellers are doing things like this now.
Yes for sure it just isn't worth the time anymore for most people. It might still work for some but I agree the majority most likely not
@@TheNurseFlippershipping has also gone up a lot since I started and I’m coastal as well
Hi Kat. Colette in South Florida here. 🙂 I love your transparency.👍🏻😀 You feel so accessible... moreso than most youtubers. I agree that you have the knowledge to raise your level and move away from the lower price stuff and am excited to watch you make that transition🎉. For whatever reason, in the year and a half I've been selling online I've always been geared to higher dollar stuff that lists for $20 or more. I just found it more satisfying! Thanks to JRide Flips who was the first person i heard talking about sell through rate, i now focus also on whether the things i find will sell in about 90 to 180 days. If it won't, i leave it behind. I dont always assess this well, but im getting better. My husband's job pays the bills so this is just extra money for us but i like the challenge of getting more skilled and knowledgeable and watching all my numbers so i know my average fees and average net profit per item etc... and i want to grow this and really make serious money, so i am with you on no small dollar amount stuff. 👍🏻😀 Thank you for your videos. Hope you had a great mommas day ❤🙂
Thank you I hope you had a great one as well! Jake is the best as far as sell thru rate!
Totally relate to everything you’re being honest with yourself about! Great to hear an experienced seller divulge this stuff. I also really appreciate your delivery: professional, poised and direct 😁
Thank you so much, I appreciate you watching
I'm old so growing every year isn't really a goal for me personally😂 That said, I've been trying to weed out the low-dollar listings (things under $10) but sometimes it's so hard to do that because I think some of my shoppers might have a budget and a $15 or more (plus shipping) item might be out of their price range. I need to get that out of my head but it's easier said than done. I hope this new setup works out well for you and it's actually good for the folks like me who also buy lots at auctions and don't mind selling the $10-$20 items 😉 Happy Mother's Day!
Yes for sure for some business models they will be great!
Happy mothers day to you!!! U always have the best ideas. Can't wait to see you make even more money!!! Good video.❤❤❤
Thanks so much hope you had a great one!
I think stepping up your WhatNot is a great idea Kat, because on the spot you can theoretically get rid of it the day you pick it up. If you’re making a profit at all on this you’re doing well as you’ve made a profit on the lot already. You’re doing well to reevaluate all the time on your business and also to be able to have some time with your family and that sweet boy Dalton! ❤
Yes for sure fast nickel over slow dime
@@TheNurseFlipper especially if you’ve had it for 2 years. Makes sense! ♥️ I admire how you work things through and keep changing how you’re doing things. IMHO it’s the company’s that do this that grow the fastest!
Love hearing this.. i am thinking about doing the same thing. I have so much stuff here and my thrifting has gotten much better as i have learned over the last 8 months. I will do the same thing and pull lower price items and either lot them or donate them. Or i may WhatNot them. Looking forward to seeing how this works for both of us!
Hopefully it goes well!!
My husband & I have a different way of thinking, I’m all about buy low & sell high/ and sell through rate. He’s a gambler and wants lots of items for sale, wants a lot in our store ….. he’s learning. I direct him towards videos like this. Thank you!
Yeah I was thinking that way for a while as well, but now I would rather the lower amount of items!
Hi Kat, this is something I've been thinking about for several months now but have been afraid to start. Thank you for sharing your thoughts and giving inspiration and courage to make changes in our own businesses. You rock Kat! ⚘️ Brennie
You can do it!! !
Thank for sharing your thoughts process. I am history teacher , I do reseller part time . I was just sitting here pondering how I can make little changes to up my game . Like I do when I am teaching a new lesson to my students, reevaluating what works and doesn’t work . Your videos as always very helpful. Trying something new is a bit scary, I believe in the end worth the risk . ❤❤❤
Yes I think it will be too!
Really appreciate your no nonsense approach. Very reasonable approach.
Thank you I appreciate you watching!
Good moves for your biz, Kat! Fewer but better items is my goal, too. I also feel I need to list every little thing, but have stopped that:) Looking for higher quality for my time now. Best wishes, love seeing Dalton♥
Yes! Thank you! Hope you have a great week
Excellent plan Kat! I began the same plan in September and liquidated the majority of my dead eBay inventory and lower end death pile items through Whatnot. It’s been amazing being able to still buy those lots but only list the items I’m truly proud of on eBay yet still be able to sell the other items for a quick profit.
Yes for sure I bet it feels great!
I’ve been thinking along these same lines, but like you, find it difficult to let something go without having sold it. But what you’re saying makes perfect sense, and provides me with be with the affirmation boost I needed. Thanks for keeping it real.
No problem and yes I think sometimes I think it's just time to let it go
Your videos are so helpful for beginning sellers to experienced sellers. Thanks.
You're welcome!
Hi Kat! Happy Mothers Day!
Can’t wait to learn! ❤️
Hope you had a good one!
Excellent advice!!! I am definitely going to try this. I have been thinking of doing this.
Go for it!
The brooch and tea cup ☕️ lady! Found some profitable tea cups and brooches with her advice!
Love it!!
Thank you I for sure grabbed info from this that will help me!
You are very welcome :-)
Interesting concept/agree with the new plan. I get it/you are a smart thinking person. Appreciate your sharing. TY again.
Thanks for watching!
This sounds like a great plan for you, Cat. Thank you for being honest and transparent with us. And thanks for the personal help in the group yesterday. You rock. I hope this leads you to more time off. BTW, I’m over in what i think is your old stomping grounds - NSB. I would love to try scalloping!
Do you mean New Smyrna? I grew up in Jax :D I love scalloping it's so much fun!
@@TheNurseFlipper Yes, New Smyrna Beach. 😊
Hey hun! We have been making similar changes in our business as well. With Cameron’s back going out in February we realized we needed to do less work for more profit. It’s been a fantastic change so far! I also think that if your STR rate is higher, it feeds the ebay algorithm. This is just personal experience. So taking down a good amount of stale listings may just give your store a boost! Another change we’re making is to hunt more often but leave with less. I’m sourcing 3-4 days a week now but ONLY picking up items with either a high STR or will make us a $50 bill. Please keep us updated! Welcome to year 3 of full time (we’re doing the dang thang! 💪🏼) Xoxo
THanks for dropping in :-) Yeah I agree that it shoulld boost if sell thru goes up shall see :D we're starting to pull :D
Love the channel I've been watching for a while. I have to admit I love to purchase items, although I'm a part time reseller , I have the " death pile" . I've decided this year to just let some of my inventory go , not worth the time, ie $ 10.00 profit, so I've started 1st with my yard sale. I've had 2, this year. My last one was great. I made over 1,500. I did break even on some items, and that's ok. I'm sourcing differently and have found my niche. I've learned so much from you, and appreciate your honesty. You rock !!
That's awesome and yes it's ok to let them go sometimes
Hi dalton! He’s grown since I saw him last:) I’m trying to start reselling more to help my family - Thankyou for your videos!
You are so welcome!
I love your business skills. I normally remove dead inventory once a year. It gets donated. It feels good.
I think it will work with most things, but some of my higher value take forever to sell lol so those I won't pull for sure
Happy Mothers Day to you too ! What you say makes total sense. I look forward to seeing how it goes.
Hope you had a good one!
@@TheNurseFlipper I was telling myself I wasn't going to work but I did anyway... I would rather not have stuff build up than take time off
I’m just starting on a different platform and happy to get the $10, hopefully I can work up to higher priced items, slow process. Need to venture to eBay next, intimidating for me. Thank you for all your insight! I learn so much from your videos 😊
You got this! eBay for us is the best for sales it's worth learning
Yes Cat, I too have reevaluated my purchasing and, however challenging, I prevent myself from purchasing lower dollar items unless they can be sold in bulk. My purchases cost more but so is my ROI. Lots of luck to you!
Thank you so much
Great Video. Lots for me to think about. Thanks girl!
You are so welcome!
This was a really good video. Thank you.
Glad you enjoyed it!
Take time out to smell the flowers.
I will :D
Happy Mother’s Day Kat 🌺 thank you 🙏 always watching. Going to do the same. I get a lot of items for free so I list them but it’s not worth it sometimes because of space. I also have someone I donate to. Thank you for talking to us so openly 💗
Yes free is hard to not take compared to a dollar for sure. I hope you had a great mothers day
I have only been reselling for 9 months and I live on the east coast of Florida. I just spent yesterday going through some of my listings and purging items that just aren't being looked at. I do it because I don't have the space but hearing you say you're going after the higher dollar items is exactly what I decided to do. I am learning a lot from watching your videos and I am agreeing with you that even on my very small operation I have decided to restrain my impulse to list something for under ten and focus more honing in on my style or I should say staying focused on the items that are giving me a good sell through rate. As I am just starting my sell through rate is 25% and I am wanting to improve that. I thank your for your advice and I appreciate your videos.
Yeah I think with smaller space it is more important for sure. We have quite a bit, but what I'm starting to learn is I don't have to fill it just to fill it!
Happy Mother's Day Kat!
Thank you hope you had a good one!
Change is always hard, but it sounds like you have thought it through and know it is the best to change things.
Yes for sure, now to implement!
I have started deleting my low dollar item as I run across them .I will probably still do 15 to 20 on clothes because the shipping is so easy.Definatly getting away from low dollar breakables.
I always say people change ,if they didn’t life would be so easy.
Thanks for the encouragement to put more value on my time .
You are very welcome :-)
Good share out overall. I don’t mind the listing. The part that I straggled the most is researching and price it appropriately and fairly. I would love to join a group that I could ask questions and help identify my items, especially jewelries. I found that jewelry researching is the most time consuming. I welcome suggestions. Great video!
We went over quite a bit of it last night on our members live. There are facebook groups for it. My suggestion and what I do is not list items that aren't marked unless they're sterling or very impressive and I can find them on google lens to get comps
@@TheNurseFlipper thank you. What is the name of the FB group?
@@hycinth5371 I'm not in any but if you search vintage jewlery identification or something similar I'm sure you'll find a lot
i totally support this! (as if that matters lol) and am thinking the same thing for my biz, which is tiny but still needs growth. thanks for all you do! you can do it!
Go for it!
Same girl, same!!!!
Monica
Woohoo
Hi . I hope you had a great Mother’s Day. I would like to also get higher dollar sales . I have been also thinking about putting my items in lots rather than listing individually in some cases. I think it’s a great idea and I too have had trouble letting it go. I think by letting it go I can also bless others just need to change my habbits . This is a good video . I hope you find that perfect spot , and I have no doubt you will
Yes habits and buying style is key!
I agree with you making this change! I see so many resellers in my area who fill a cart full every time they go thrifting. I go in and am very selective and leave with 5-10 items. P.S I was the one who asked how you guys do your weekends, I.E while taking time off over the weekend. Hik-up 😮💨
hahahahahah yeah I definitely need more time off!
Wise decision,I run my business alone and I see the need to lot up inexpensive items,I've already started,I have been with ebay 17 years and I think the list and leave it creates a massive dead pile!
Yes I have to agree at this point!
Because I sell part time, I personally won't list any under $10, but is mostly from my death pile. I've already started thinking the same as you. I am definitely sourcing smarter.
That's awesome to hear and if we have it then it's no money in as it's already been spent so definitely something to figure in
Hi Kat, long time, no comment, but I couldn’t agree with you more. I’m at that same crossroad and I too have come to many of the same conclusions that you have. I’m working too hard for too little money. As of this month, I’m avoid ALL items that won’t sell for at least $20 and not interested in selling those even if I acquire them in a lot. I’ll either flea market or garage sale them or donate them rather than fool with them on eBay or any of the selling platforms (I’ll never be on Whatnot, I don’t see it’s useful to anyone without a social media presence). I’m at 1500 items in my store, and my goal is the same - pare down to about half by removing everything that’s either less than 10-12 dollars and/or been in the store over 2 years. Thanks for the inspiration to push myself in a more profitable direction, oh mentor 😉.
Sounds like a great plan. If I had room to store items for a garage sale I would but I really don't have much open space to cluster everything in loll 🙃
I hear you, my secondary goal is to shut down my storage unit. I was once at 10x20, and now 10x10, but I’m hoping by June, that expense will be behind me. Once you add up the rent and see how much it adds to your costs of goods, it’s better to give it away than continue to pay storage rent. 😮
@@Gary_Daytona sounds like you're making progress!
I had a brick and mortar store that had a lot of consignment. I learned the hard way to not take on items that did not have the potential to get me a reasonable profit even if I found I had to put the item on sale. It can be hard to tell consignors that I can”t take everything they bring in but logistically, it is necessary. Consignment takes a lot of time. Same issue here: time.
Yes for sure I can see that
I do my reselling by myself with no help while working full-time + at a job. Have recently decided to lot similar small profit items to be more efficient. Have been selling for only 2 years now, so a good time to switch up my processes. Thanks for speaking about what you are facing and how you plan to deal with it.
You're welcome it's a lot working full time with it for sure
Great advice. I have both an Etsy store and two booths in an antique mall. I was updating my inventory book and found many items that have been sitting for several years. I think I will try the lotting idea. I dream of streamlining both Etsy and the booths. My main problem is not being able to pass up a good deal. Thanks for sharing your plan.
Yep that's the hard part is passing them up!
Good luck to you with the plan! Love your channel and podcast. I have really good sourcing where I live and have definitely been thinking I need to avoid pick ups under $20-25 at least. Another reseller friend says “you’re better than that.” It’s been so fun learning about vintage and it’s a bit hard to leave interesting lower dollar items behind. Regarding lots, I wonder if the research would show you might get less per item or a slower sell through? I’m sure it depends on the item. These are my thoughts…
Yes I think especially with individual we all should be more particular to the time and effort that goes into a item
@@TheNurseFlipper right. Like really think about whether the item is deserving.
Hello Dalton cutie .Happy Mother’s Day 🌹🌹🌹🌹
Hello! To you as well