May was my first month selling where I wasn’t constrained by low selling limits, and could essentially sell what I was able to list. I had 89 sales this month or 2.8/day - I'm happy with the amount for my first "big" month - and next month's goal is 100.
I had a huge learning curve my first couple months on eBay. So it was actually good for me to have a selling limit in order to learn the ropes, and figure out the ins and outs of shipping. Once I realized I could use my digital kitchen scale, I saved myself a bunch of money. It originally only cost $12. Just don't leave it on top of the toaster oven because then you'll have to buy a new one :/
It was tough to wait for higher limits and to finally open a store, but it also made me ask myself if this was really something I wanted to continue to pursue. It absolutely is! And I’d like to share my month with you:
# of Sales
Amount I spent on the items sold
Avg Cost of thrifted item
Amount of Sales
Profit before Fees
Avg Sale Price
Avg Profit before fees
Highest sold item
Amana Dado Blade Set
$179.99 Free Shipping
Lowest Sold Item
(read my post about this bummer here)
Two unpaid buyer cases totaling $44
Both closed and credited
Five GSP sales in May
Goals for next month:
Add 100 new listings
Make over 125 sales
Increase average sale price to $15.00
No more $0.99 cent sales!!! After fees and shipping, I’d be better off donating these items. This is an easy fix, I just will not list anything at a $0.99 auction anymore. I’d rather sit on the inventory for a little while longer than sell it quickly for way too cheap. These several sales (I have about 10 sales this month of $1.99 or less) are seriously bringing down my average and are going to be eliminated.
My Favorite Sale of the Month:
Fisher Price Keychain Lot of Three - Really work!
Sold $26.00 Free Shipping (cost about $3.00 to ship)
of a NWT Vera Bradley Wristlet I bought for $5.00 (gifted to my sister).
Overall I'm happy with my first month selling more than 10 or 15 items. I am learning more everyday, and confident that I can reach my goals for June.
What was your favorite sale of the month?