I'm a diehard thrifter and garage sale addict! I love the thrill of the hunt! And I love making CASH from trash so I also resell on eBay and Etsy. I share my successes to inspire you ... and my failures so you learn from my mistakes. Please join me on this wild and crazy ride of making cash from trash!

Tuesday, December 31, 2013

Cash for Trash: The Best and The Worst of 2013

My last post for 2013 and I have to share this great flip with you.  It’d been pretty quiet on the online selling scene, with a small sale here and there.  So, imagine how jazzed I was to make this sale just before the end of 2013:

DH and I were at the GW a few months ago where his eagle eye spotted this jacket in a rack of clothes they had just brought out.  It was brand new with the tag still attached.  I didn't recognize the brand but could tell it was an expensive jacket and was only $9.99!  When we got home, we got really excited when we discovered these jackets retail for between $600-$700-plus! 

However, our parka did not have the hood, so DH contacted the company about buying a hood.  After a few of emails back and forth with no final response – and several months later – I finally decided to list the jacket without the hood.  I listed it just before Christmas and it sold 2 days before the year-end for $300, plus shipping!  Ka-ching!!!  Money in the closet!


The following round out my top 5 sales for 2013:

6521 (1)

Griswold #8 Skillet With Cover or Lid Cast Iron 704 – PAID $9 – SOLD $81


6089 (1)

TWO New York Central Railroad NYCS Vintage Pump Oil Can 28" Tall with 21" Spout – PAID $5 – SOLD $115

6690 (1)

Lego Sports Basketball 3433 The Ultimate NBA Arena Complete Unopened Bags UNUSED – PAID $5 – SOLD $245

6592 (1)

Vintage Antique Grandmother's Flower Garden Feedsack Quilt 72 x 88 Hand Quilted – PAID $6 – SOLD $267





Just so you don’t think everything I sell is golden, here is my worst sale – and costliest mistake – ever selling online.  I was going to keep this to myself, but – what the heck – we’re among friends, aren’t we? LOL, you live and learn …

5954 (2)

KOOL-STOP KOOL-STRIDE KS-S1 SPECIAL NEEDS STROLLER FOR CHILD OR ADULT


Back in April, DH bought this stroller for $15 at a GS to haul his equipment when he goes on photo shoots.  When we got it home, he discovered it didn’t quite meet his needs so we decided to sell it. 

DH contacted the company; and after a nice chat with the rep, he told me this was a special-needs stroller.  Even so, I decided to do my own research and spent quite a bit of time making sure I had the correct information.  Here is what the Kool-Stride Special Needs stroller looks like:

1

It looks similar, don’t you think?  So that’s how I listed it with a Buy It Now price of $345.00.  We were thrilled when it sold within 24 hours!  The buyer was so excited to buy it and sent me a very nice message.

We found a nearby bike shop that had a box we could have. And we were able to pack and ship the bike in less than 24 hours.  Shipping cost $47 via FedEx.  So far so good …

Imagine my dismay when I got that much-dreaded message “Item not as described” and informing me that a case had been opened.  The buyer said the stroller was not for special-needs and that her adult daughter did not fit in it.  What?! 

So, before I contacted her, I decided to call the company myself – which I should have done in the first place.  I gave the rep the model number and he confirmed that it was NOT the special needs stroller.  My heart sank … I felt terrible.  That was a lot of money and I would be upset if I was the buyer.

So I called the buyer and explained what happened, apologizing profusely.  She was in fact rather understanding. She said she, too, looked into it before paying and also thought it was a special needs stroller.  She agreed to return the stroller for a full refund.

At this point, I’m out the $47 shipping cost plus the $15 cost of the stroller, plus eBay/PayPal fees of about $33 – a total of $95.  If the buyer returns the item, I am out another $50, if not more.  So now I’m looking at a loss of about $130 (less COGS).  What to do?

After doing some research and assessing the situation, DH and I decided it was not cost effective to pay for return shipping.  We asked the buyer to donate it to a worthy cause; and a few days later, I received a very nice email from a non-profit organization that works with women and children in need.

My mistake was not getting the model no. and calling the company myself.  The strollers all look very similar, with very slight differences; and I should not have depended upon the pictures and information from the Internet.  In the end, I was out of pocket $85 (COGS, shipping, and fees).  Ouch!  Lesson learned … and one that I won’t forget!

So that’s the best and worst of my 2013, and looking forward to a great 2014!

6 comments:

  1. You're inspiring me, even with the pitfalls. Happy and healthy 2014!

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    1. Thanks,Carol, but I also owe a lot to fellow bloggers who share so much. I have learned a lot from everyone and am thankful for that.

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  2. Congrats on the great sales! And what a great way to round out 2013, indeed.

    Also, thank you for sharing the stroller story. I know we all like to see the success stories, but the truth is we all buy things that are duds and make selling mistakes. For me, I try to think of it as the cost of learning the business.

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    1. I agree with you, Vivian! We learn from our mistakes and we share the stories so hopefully others will learn from them too. Thanks for the visit!

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  3. I think it's great to share our duds and other pitfalls associated with selling online. We take a certain amount of financial risk with every transaction so sharing what we learn along the way, both good and bad, helps others and that's a good thing!

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    1. I so agree with you. Hopefully, we learn more from our mistakes. I also think it makes all of us feel better to know we all have those duds and pitfalls, no matter how long we've been doing this. I'm just glad to have folks to share with and who also share!

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