Daily Sales: 5/31/2014

When I first started selling I was constantly checking for new watchers and views.  I would constantly lower the price on things until they sold and lost out on a good deal of profit.  The trick to doing well on eBay is be able to list things and forget them.  To come up with an inventory storage system so that you’re able to list an item for the price you wish to sell it for, store it, and wait for the right buyer.  Everything sells eventually.  These are both examples of things that, in my earlier eBay days, I would have kept lowering the price and missed out on those dollars!

2 SALES ONLY

Item: Fossil Key-Per Tote
Paid Price: $17.50
Sale Price: $44.99
Shipping: Buyer Paid
Notes: We paid much more for this than we normally would.  However, the Fossil Key-Per line is pretty much a sure sale!  I’ve bought torn up key-per wallets that still sold, purses, etc.  This large tote was in relatively good shape and sold within a couple of weeks.

Item: Vintage Distressed Leather Cole Haan Brogues (Size 13)
Paid Price: $8.40
Sale Price: $39.99
Shipping: Buyer Paid
Notes: Let me just start by saying…I LOVE THESE SHOES!  I seriously debated keeping them for myself and even wore them to church once before putting them up for sale.  Since I like them so, I listed them a bit higher than usual.  They sold in about 2 months.

DAILY TOTALS

Number of Sales: 2

Cash Flow In: $84.98

Amount Spent on Inventory Sold: $25.90

Total Returns: 0

Total Profit before shipping: $59.08

Total Spent on New Inventory:$0

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