IS IT PANIC TIME FOR EBAY SELLERS
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- Опубліковано 19 лют 2023
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IS IT TIME TO PANIC FOR EBAY SELLERS
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#CommonwealthPicker, #ebay, #reseller - Навчання та стиль
My store got really slow also. But I started a huge project of going through all my inventory that I have in my basement. (Kinda had to. It had gotten out of control.) So I went through EVERYTHING one at a time and reassigned it a new home. Pulled all the old items that hat gotten delisted and donating just about all those. Which ended up being about 15 garbage bags full. And not to Goodwill. I pick different charities each time I have stuff to donate. This time was the children's cancer society. I'm not done yet, BUT my store has been going crazy with sales! And on old items. It's been great!
Thank you for the encouragement and glad to hear that your revamping is working!
What I think EBay needs to be careful on is, they keep increasing the rates and wanting you to promote, and keep wanting more % of the sale., on top of USPS shipping rates going up so much, which increases seller prices and if buyers stop finding deals, and stop coming, then Ebay can have a shift in its business for the negative which effects the sellers like me and a bunch of people watching this. I get why the USPS and other carriers have to increase rates but some of the Ebay fee increases are not justified and very poorly timed and could ultimately hurt their business.
I agree with this.
Your still a teacher, just educating resellers
*you're
@@brianklaus2468 lol that’s why I need a teacher!
@@brianklaus2468 🙄
As Doug Heffernan would say, "In flay sheon."
@@brianklaus2468 side hustle preacher….are you a preacher who resells on the side?
Kevin, I pray, the Good Lord I put myself in his hands. Items have sold that I had for a while. I'm on social security, and I made enough in February for my bills, thanks to prayers. Don't give up fellow ebay sellers, God will never leave you.
Amen sister! My eBay store is guided by the GOOD LORD!
Amen
I just had 23 days of no sales. So excited to list a recession-proof item yesterday that sold in just a few hours. Only sad thing was I slept through the ‘cha ching’!
gotta love that cha'cing! Wow that was quite a drought. My sales have been extremely slow as well. Gotta grind it out though. Better days will come
No matter what the Government is telling us we are really in a recession. You gave good advice about setting some cash aside to buy for the future.
I agree. We never came out of 08 if people look at the numbers. Our spending power never got out of the gutter. Our debt has only risen.
According to the definition, we are in a recession. Don't listen to talking heads who tell you otherwise
As Doug Heffernan would say, "In flay sheon."
@@philipbolin6776 totally agree with you about the recession and soon it will be a depression worse than WWII unfortunately. My mom is always right 😮😢💜🤗🇺🇸🙏🐞🐞🐞🐞lady bugs are good luck From one reseller to another
@@Kelly-nd3cz thank you! Same to you! Praying it isn't that bad.
My Grandpa was born during the depression. He always told the stories of how those that had saved were able to buy land and improve their livestock herd very economically during that time due to many having to sell out for pennies on the dollar! In no way should we take advantage of anyone but there will be opportunities especially for those that have prepared for a time like this! Yes..we are 4th generation on our farm and so thankful to have raised our 8 children with those values! Enjoy your shows full of information and wisdom. 🤗
Bull markets make money, bear markets make fortunes.
Well I am so happy I just saw your video tonight.
I am also freaking out about this lack of sales on Ebay and Etsy.
Been working my buns off listings, playing with the algorithm and all I hear is crickets.
I am relieve to know that Reselling stars such as you are also going through the same thing.
Always a pleasure to watch you!
Glad it was helpful!
Its happening all over. you may recall we are retired part time resellers Kevin, now 20 years on eBay come April and we are selling a few things BUT the lookers and watchers as we call it have certainly slowed down. The other odd thing is as things get tougher people are asking so much more for their stuff especially on marketplace so sourcing for us has slowed down which you would not expect. I mean many are actually asking eBay prices which is crazy.
Usually when people start mentioning slow eBay sales, I am in that same situation. Last fall, I felt like you, nothing would sell no matter what you did or how much you listed. So far this year for me, it's almost like they put me back on their old algorithm, not having crazy sales but consistent again at least.
Found a sealed Princess Bride I sold for 68. Could have held out for more, but only paid a buck. VHS does well for me.
Hit me up next time you find something cool
Fellow teacher turned reseller here! Thank you for all of your time in these videos; they’re SO helpful.
Here, too! I meet so many reselling ex teachers at the Goodwill bins. Teaching is a tough position to transition out of. We’re so lucky to have flipping as an option!
Slowly building up my store in hopes of crushing sales next month. Always need more time to list and get organized
Thanks Kevin for all your advice slow here for 3 days but I have been listing and sourcing at our swap meet here in Vegas and thrift stores Have a great Week 😊🐕😺
Great video! Excited to have just ordered two CWP totes for all my treasure hunting! I am ready for all those garage sales this spring.
Thank you for this video. My sales are very low, but I am using the down time to list and things are picking up, thankfully. Good luck.
The one thing in California has on others is PROP 13 my property taxes are fixed. They can't reassess my house every year. My house won't be assessed at what is worth today. So, my taxes are EXTREMELY low compared to what it is worth.
LOL but they get you 15 other ways.
@@commonwealthflipper you mean California has other taxes? I’m paying taxes on lumber that I buy. A tree tax. I have to pay to recycle an old TV! When I buy a TV they charge that recycle fee on it. I’ve lost track of what they want.
As always thank you for your content. Just celebrated 1 year of reselling Jan 29th. Learning everyday. Have enjoyed the journey this far. . Been homeschooling for 13 years and down to my last 2 kids, both nearly through with high school, so like having something to do in my extra time. 😁
Hey I love the youtube community and how people show their passion and love to others such postive vibes
Thank you Kevin. February was definitely a tough month. Hoping for a more prosperous March for all.
Swings and Roundabouts
Sales go up and down throughout the year it all evens out, even in recessions things sell just different items and like you said great for sourcing items at the moment
great video keep it up don’t lose the faith
This last 7 weeks is the worst stretch on my 11 yr Ebay journey on reselling!!
Scary!
The last year + has been terrible. We're listing more now and stuff isnt moving. We've compared stuff with a good sell rate and list it cheaper and it just sits. I think it's ebay search, they show you 90% of items you aren't looking for. People don't have the patience for that in the "I want it now" time.
Same
I'm not a big seller, but it has been slow this year. My last offer was low-balling me too. I momentarily was questioning if I should've just accepted their offer, but I realize I can't give things away. 🤷🏼♀️ I still say we are about to get busy. Prices are high in stores, I think people are going to turn to us resellers to save money. Fingers crossed, like you said ebb and flow. 🤞
Thank You for this video. No sales make think the worse. But I will keep banging away at listing..
I’ve almost went back to work 3 times in the last few months. Right when I got a few applications in something awesome happened where I didn’t need to. Hope it gets better for you.
You are my favourite UA-cam reseller, possibly favourite UA-camr ;) I love your positivity and down to earth attitude. I can jusbmagne wha an amazing teache you would have been but thanks for teaching us here now. Here In Canada it’s probably even harder to get sales especially for bread and butter as our shipping costs are ridiculous. By hey, we keep positive looking for opportunities and how to work around obstacles. Thanks for inspiring.
Please don’t ever give up Kevin . You have been a blessing and also my go to person and I can get a honest answer like the other day .Blessings to you and your family
My eBay store is slow. My Antique Booth is even slower & I have had that Antique Booth for over 10 years & I have never seen it so Slow. But when you go to the grocery store and prices are 30% + Higher then they were 6 months ago. Gas prices are high. Children are over 20 years old and finished College. No more Tax Refund!!!
It’s Crazy to think that two years ago our Family received three checks because of Covid-19. I remember thinking why are we getting these checks?? My Husband and I were still working, we had not lost a job. I thought that people who had lost a job, or housing needed that money. They sent it out to everyone. And now it seems that most people are having a difficult time with the economy in the past 4 months. I really hope that things improve for everyone. It’s definitely not easy to support a family as it was 10 years ago.
Sales are definitely slow and down year over year, which i expected. Just gotta find other opportunities like you said. Also, it's a great time to start working on your own UA-cam channel if you have been itching to do that! That's what I'm doing 🥰
Thank you for this video, I thought I was losing my mind....Zero Sales over the last 36 hours...
Hi Kevin, I have noticed that weird characters (like coding) have appeared in my listings (since the update) in certain fields, like size, color, etc. Check to make sure that somethings didn't get clobbered in there with the update. If those fields don't get fixed, people won't be able to find your listings. I have been editing 20 at a time, to see if there is any weirdness and indeed I have found some stuff.
Hey Kevin. I just ordered a bag and a sticker. I'll get get use out of that bag during yard sale season. Keep on trucking my good man.
My sales have picked up on eBay and my booth at the antique mall. I’ve been buying and selling for 40 years got to roll with ups and downs. Hope it gets better and it will. Take care
Your shirt game is always 🔥. I'm about to switch over some things to auctions and/or charity auctions. Thanks, Kevin!!
Awesome video. Sales have been great on my eBay. Cant complain since I only do this part time and work a full time job. List list list, u have to have the inventory listed to make the sales, fresh listings are a must. Like I said I try and list at least five items a day and double that or more fri-sun.
Also I go through old listed items that have not sold and try and bundle, especially sports video games. Selling one at a time is hard, but when you bundle 4+ together, they sell. One last thing for now, I try and list at least two higher priced items a week, $75+ items. I’m always scouring the hi bid auctions for tho good box lot buys, you know those boxes that sell for a few $$$, but contain a lot of profit to be made in them..
Thanks for sharing your information about the slowing of sales. I haven't sold anything since Jan. Its been bothering me also. I have a few items that are getting a bunch of likes but nobody will make the commitment to buy them. So again, thank you. Appreciate your videos.
You're lucky. Four sales in one day. I had a total of 4 sales since last week Monday. I have a message out to eBay.
Glad you took your own advice and checked in with Eni-man to get the store moving again.
my grandpa had an antique store for 60 years. When nobody was buying, he bought quality items in quantity for cheap prices to sell later. He told me that the major reason for failure is to quit. Take advantage of the prices
I sell primarily vintage items. In all the time I have been a reseller, both selling as an estate liquidator on site and online on Ebay and other platforms, February is ALWAYS a hard month for sales. Toward the end of my vocation as a fulltime liquidator, I stopped taking sales that would have to host in February. In my current fulltime online reselling I take the same approach. I use the down time to do inventory, reorganization, source more, etc. I just came through a HUGE purge of my garage work space during this month, and plan to show clips of that on my channel soon. Next month will still typically be a bit sluggish as yard sales start up and people are getting outside more, but I have a 10 x 20 storage unit (my last of 6 from closing a thrift store) that I will purge in the same way and ready for listing come winter...when things will slow again. :) It is all about focusing on doing "the next right thing".
ebay is weird like that some times it like u get sales like crazy for a couple days then for a couples day dry as can be
Nice shirt! Repping western Canada! After 32 years, I tend to just ride out the slow times. You should have a nest egg to tide you over those times, not spend it all. For me, in rural Manitoba, Canada, things get slow in the winter. So when things get slow, I work on projects that have been sitting too long, I tidy up, sort, clean, investigate alternate platforms online, list things online that need to get moving out of the store (I have a 1500 sqr foot brick and mortar shop), etc. Look at it as a blessing, giving you time to breath, and get caught up on things, make your selling experience more efficient.
I really enjoyed your video as it gave me further insight on eBay from your perspective. I came in as a new seller & am guessing at a down turn as I was waiting for my first sell. We’ll, I finally got my first sell this morning so I am very pleased! Thanks for sharing your story as it touched me.
It's a 'sale' not a 'sell'.
My sales are about the same, and I have noticed the auctions around here are crazy. People spending money on stuff, sometimes more than it's worth. There probably will be more yard sales this spring.
I’m having a massive revamp! I’m setting all my stuff Estate sale/ garage sale style sale and I’m selling everything!!! I’m planning a month or so in advance to make sure it’s perfect! I prolly have thousands of dollars in stuff! Then I’m gonna decide what to do with what’s left after my sale, list or donate
I’m redoing my inventory to only sell my few niche items I like, I had went crazy last summer just buying everything that had a value and I really overdid it! This sale will be a resellers dream sale 😅🎉
My little dog looked just like yours. She passed last may 16yrs old. She was Pebbles aka Pebbly Poo, BamBam is still going strong. Love your videos.
Always know how long you can survive with no sales. That should stop panic. Or maybe tell you something.
Pete is the Godfather. Love Pete. So much real experience. I like selling issues. My sales were good this weekend.
really needed to hear this. our etsy store has been very slow last couple weeks
Ive talked to so many people that have been ebay sellers in the past and its always the same. Ebay changed and they didnt like it so they quit ebay. The one constant thing in life is change. you gotta adapt and overcome to survive in life and business and you gotta keep listing
From my experience in retail January and February has always been the slowest sales and best time for vacation.
I’m also dead it’s a bit scary. I usually wake up to 3-5 sales every morning and another couple during the day. I’ve had 8 sales in two weeks just dismal.
We have only had 2 sales in the last week. Wre usually have at least one or two a day.
I’m having q4 type of sales. I’ve sold more Christmas ornaments than I did in December. I ended/sell similar on anything that’s over 90 days, fixing things as I see them. Our physical store is having people ask if we buy all the time. We’re able to negotiate better bulk buys. Yes, my ASP is down, but volume is making up for it. collectors are still collecting. Being an “everything” seller, sending offers constantly, accepting reasonable offers I believe have all helped too.
Slow Sale Days: on slow sale days, I try to use the extra time (not shipping) to get out, stretch my legs and go for a walk around the lake or out in my community, now that spring is approaching and the weather is warming.
It’s a sad day when no one is buying garden flags or Tupperware lids. 😢
aint that the truth.
I'm gonna start reselling, and hitting thrift shops. 🙏 Great vid.
you make us inspired man.
Same thing here. I have had no sales since December. Then yesterday I made a sale, which boosted my confidence. It wasn't a big sale, just a $13 item, but a sale is a sale. This selling drought is affecting everyone and the best thing we can do is wait it out. The economy is tanking and we are seeing the results of it. But my advice is...DON'T GIVE UP. This won't last forever.
Same thing here a few days ago. Part timer with 800ish listings. Been listing, refreshing and sending offers like crazy. Had almost no sales for a few days. Had to be something with ebay's software. Back to normal now. Had very good days the last few. Putting out a public coupon helped. (20% off 3 or more items)
When sales are slow I use the time to go through my bins and make sure everything is listed and sku'd AND because I also sell on Etsy I sometimes use the extra time to create new products for my handmade store.
Cool shirt… thanks for the advice
I noticed you got the tattoo!! I could not figure out what it is?? You will have to show us! My sales have been up and down and all around! I love seeing the critters ! Especially Wallens(sp?)
Store was slow but started listing like crazy and had my best week ever this past week!
On the real estate front, property values are already crashing, so local counties are getting re-assessments in before that so they can keep their revenues up over the next several years as home prices crash. They are sneaky! They know what's going on for sure. This almost always happens right before recessions.
I did use your link for the Rollo printer. Thanks again for the tips!
Side note, my wife found a copy of Indiana Jones and the Temple of Doom black back SEALED at the Goodwill bins. Sold it on Ebay for $200.
Next time hit me up first before you put a vhs on ebay.
@@commonwealthflipper Will do!
@@commonwealthflipper Could you take a look at your Ebay messages? Have a question about the SHARC.
Jumped on chance to get another IKEA bag. Now got one for each vehicle at home. They sure do come in handy!
Good luck to everyone things will get better make sure when they do save up for next Rainy days 👌
Very slow this month, we just put a couple of categories on sale in our Ebay store this morning! 🤞🤞🤞
At least you can always sell your gold stash. I just sold a 20 gram 10k class ring for $510. That's over spot price surprisingly. And yes it was a gold buyer not a collector
Sales are okay here. I resell sneakers and clothing. When things are slow on eBay, the other apps pick up the slack. I know most eBayers dont like using other apps, but some should try it. I was the same, but bills won't pay themselves on downtime.
Market downturns are a great opportunity to get large bulk buys of good products if you have the available capital and space. The trick is to not over extend your business and run out of funds.
Decreased sales online but increased sales in the booths. Really don't have any idea what is going on. Glad I'm not alone
We are small time, no store. But our sales have been up. We figured people are getting the income tax back. I’ve been selling post war Lionel train cars, vintage Plasticville & vintage Atari cartridges that have been up forever. I find that even if I’m just doing drafts it seems to wake up my sales. I do well with model train items. We love VA, I like to visit your shed sometime.
We typically have 20-25 sales per day. That has fallen since November of last year to about 18-20. The velocity is off. You can also check the number of active buyers on eBay, it has decreased by 8% over the last twelve months. Perhaps what we are experiencing is a return to pre-pandemic activity. If so, lets be thankful that people were asked to stay home with their computers and provided stimulus checks. I am not measuring my numbers against 2021 or 2022, I am actually measuring in comparison to 2020 (in which case we are actually up 11%). If it was related to the pandemic let's be thankful for the ride.
Same this been my best month for stuff and listing every day 1 sale this week ouch never had this in 2 yrs
It happened like that in 08 to my wife and her eBay business she tried but it didn’t pick up until 2011 she went n got a job for the city
Good Luck 🍀👍🏻
Great video. I only been selling on eBay for 6 months. My sells goes from normal sells to no sells for days. I thought it was because my eBay store only had 30 to 50 items. I don’t list everyday like everyone recommends. I been selling mens new and used clothing. I was all over the place with what I was selling until last month. I was selling women’s boots . I had a bunch of returns and almost quiet myself. I enjoy selling on eBay when it is part time. We need the extra income because of the economy.
It's a 'sale', not a 'sell'. FYI.
My family sold their hardware store last year. I really can’t remember the price for pipe wrenches. I want to say between 20 to 50 dollars depending on the brand & Size & where you buy it .I ended up homeschooling both my boys. My youngest will be 18 years old next summer. My kids had can’t sit still or adhd.
Love the fish tee shirt. I do real estate and reselling. Really enjoy the mix. 😊
The 5% off on Supply Hut comes in clutch and no Tax!!! Yea my mortgage jumped on a new tax assessment that is not being talked about much that is huge burden for some people. Saturday sales was solid for me and then Sunday tanked.
You too right? I’ll follow up after I watch this, but I noticed a massive decrease in sales and even offers to send. I think it had something to do with the APR increasing 5% and also eBay updating servers without announcing it. I will say….. this past weekend EXPLODED with sales after a horrible week.
Thanks for letting us know we aren’t alone! My thoughts exactly. I’ve used my time by upping my daily listing quota.
There really isn't a better gauge of the temperature of how things are going than Pete. He sees it every single day in person but we just gotta keep grinding no matter how good or bad things are
I am having very slow ebay sales, too. One day I only sold 1 item. I have 1800 listed items. I am using the time to list like crazy and am thinking about cross posing this year. I look at is as an unexpected break, but do not think this will continue for long.
I do vintage and retro ebay sales as a side revenue and sales seem few and far between really close to thinking about packing it all up but without it i dont think i could afford my lifestyle as currently live alone… gonna have to plow thru and just see what becomes! Here’s hoping
I work my eBay store. I end old listings and then sell similar the same item. I up or lower the price depending on what the item is selling for and that helps me. Work what you've got instead of listing just new items.
My sales fell to the pits about 3 years ago. I sold 4 items from $10 - $40 sales plus shipping in a little over 2.5 months... beginning of the year... 2023. People only spend on things they want whether need or not.
Get out there with delivery gigs. Through the day when I’m sourcing I’ll take Doordash, Spark, or Uber deliveries. It helps the cash flow.
I was selling around $500-1000 a day last month , now I’m doing around $100-400 . It gets really slow around march but hopefully it doesn’t get too rough 😬
I have those same feelings on slow days. Crazy because this weekend has been crazy. $900 profits in 2 days, and I'm part time selling from 12 sq ft under my stairs
I always spend kn less in January and February as I recoup from xmas. So if buyers are like me around now is when I start fun spending again
Haha 4 sales is like doing an NC Flipper video. I have definitely noticed a big slow down my ebay store. The reality is the cost of goods across all markets are significantly higher so the average consumer is paying more for groceries, gas, utilities, etc. so there's nothing left for online shopping for non-essentials.
Normally I would agree with you because I too have a store that isn’t selling. However, I also have a part time job at a major store and business is insane. We’ve attributed it to people getting their income tax back. Either way I hope things change soon. I also have a Poshmark account and sales aren’t any better there.
With the 1099 tax changes and reporting I suspect a lot of resellers are bailing due to the $599.00 threshold. I simply consolidated all my online inventory to 1 site where I do not have to worry about shipping. Not all resellers can do this but trading cards have options. I estimate saving 4 figures from shipping supplies, cutting my eBay fee in half, no return headaches also. I do have packs being consigned in a store so I have a nice set up.
I was doing so great selling 5 to 6 items a day for months, and then all of a sudden during November the end of January I was selling one to three items a day. I feel like I’m getting back on track now. But it was freaking out for a while. Specially, on those one item days.
It happens every quarter. The platform updates crush traffic and sales. I can pick out the quarterly platform updates from my sales chart over the year. I know what day they applied the updates based on the traffic and sales charts. Ebay is pretty much incompetent when it comes to upgrading their platform. When you think about it, with 4 updates per year, and poor sales 2-3 weeks per update, that's 8-12 weeks a year with lowered sales. Terrible for a platform like Ebay. I guess I can't complain, my sales are great compared to others, but are down about 30%.
We had a day of zero sales yesterday and that has only happened a few times in the 22 years we have been reselling. I'm really starting to wonder what's going on..
I watched this video as well. Petes shop is about an hour from me. We are in Illinois and taxes keep rising here. My mothers mortgage on her home she has had for 25 years went up $300 a month. My taxes went up as well. Illinois but specifically Cook (Crook) county is terrible. This guy is very knowledgeable but its nice that he is local so he is only spot on
9.0 with beckett is a very solid grade... nice brother
If it helps your statistics, my sales have also dropped in the past 2 weeks. I usually get about 20 sales over the weekends but this weekend I only made 4 sales.
It’s January & February blues. Right after everyone spent their money on Christmas.