As you can imagine, it’s definitely been an exciting time on eBay for me over the past few days.
Ever since the last payment arrived last night I was trying to think back to see if I’d ever had a run like this on eBay and, honestly, I can’t remember a 2-day span quite like this one.
So I’m just going to make it official and say that this is definitely a 2-day record for me and this will the next record that I will work tirelessly to break. (It’s so tantalizingly close to a $1000 it’s irratating!)
Here’s the daily breakdown of payments received. Please note that these numbers include shipping cost also so it’s not 100% sales:
February 22: $652.69
February 23: $339.73
2-Day total: $992.42
There’s still some sales that I made on Sunday that I’m waiting to receiving payments for but, still, not a bad amount to be added to your Paypal account right?
Seriously, I celebrated for like a few minutes last night and then my mind was already running and trying to figure out not only how I can break this current record of mine but also how to do it consistently.
Because that’s the key word isn’t it? Consistency. It is for me anyway. These numbers mean nothing if it’s sandwiched between weeks of only $50 worth of sales.
So what did I learn from awesome experience? Quite a few things actually – both personally and professionally – and now the goal is to try and figure out a way to achieve these results on a consistent (there’s goes that word again) basis.
Lesson #1: It can be done!
This was probably the most important lesson that I learned.
I mean, I always knew that you could do numbers like this on eBay. There are literally thousands of sellers who achieve and surpass this on a regular basis.
But for me, it means nothing unless I actually experience it for myself. So to see these numbers is definitely a confidence builder and, more importantly, I like the feeling of having that amount of sales on eBay.
It’s addicting and I want more!
In fact, all I could think about Sunday night was going out the next morning and finding even more stuff. Good thing too because I ran into a bunch of great items including these shirts (if you’re not excited by this picture then you definitely need to read My Reseller Guide):
Lesson #2: Auction’s Are Still King (for me)
And it’s not even close at this point. I received payments for 29 items over that two day stretch and only 3 of them came from Buy-It-Now (BIN) auctions.
Now, to be fair, the BIN auctions did generate the highest sales over the two days, here’s the pics…
Item Cost: $8.99
Miu Miu Boots
Item Cost: $4.99
Best Offer Accepted: $55.00
Awesome sales but they can’t compete with the overall sales that I was able to generate using the auction format.
During this 2-day stretch, I started the majority of my auctions for $24.99 and I intentionally let it run for 5 days so that it ends on a Sunday (which is apparently the best time to have you auctions end, if you subscribe to that theory).
That starting price point for auctions has been a favorite of mine for years and it’s been great at getting buyers off the eBay sidelines and onto the bidding field (see that sports metaphor there?! lol).
Seriously, if you haven’t yet, try running what I call an “Auction Flash Sale”. If you have a bunch of BIN items that you haven’t moved yet or if you have a lot of BIN items with a lot of watchers, try re-listing them using an auction format with a low starting price. If you’re items are high-value, this strategy will force the action on buyers and it WILL generate sales!
Plus, it’s tax refund season so buyers will have a little more ammunition in the bank accounts. What better way to entice them than bidding on an attractively low priced item item?
Lesson #3: Streamline EVERYTHING
You definitely need to have systems in place to handle this amount of activity, and that goes for every single step of the thrift reselling process on eBay.
Here’s the thing: The faster you can get the item from the thrift store to listed on eBay, the better off you’ll be. Not only will you generate faster sales but the lost of momentum is huge! You’ll never be as excited about a thrift store item as the day you find it so use that to your advantage. Keep thinking about the potential profits and do whatever it takes to get your items listed.
This streamline thing goes for shipping too. On Sunday, I was out all day so I was forced to pack all my sales at night…all at once! If this had been a few years ago I would’ve definitely been overwhelmed but it was actually no problem because I’ve streamlined the shipping process at this point.
I have all the packaging material I need (that includes Flat-Rate boxes and envelopes, packing tape, bags to carry the boxes to the post office, etc..) and I knew exactly where every sale item was. Next to listing items, the shipping process is the least favorite activity of mine but I forced myself to get better at it and it doesn’t slow me down as much anymore.
Shatter that Ceiling
It’s always fun to look back but honestly I’ve already moved and I’m ready to achieve even better numbers. I don’t know when but I will. Like I said, it’s so close to a $1000 that it’s annoying me at this point!
I hope you’re having an amazing week so far and best of luck at the thrift stores!
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