Well, it’s a new year! I hope that 2014 was good to you and my best wishes that 2015 will be even better. As much as I love the holidays, I also dread them and am always glad when the new year rolls around. I don’t think I’m alone in this, right?
As I mentioned in my previous post, I put my store on vacation for most of December so I had very few sales – only 21 – 14 sales from eBay and 7 from Amazon & Bonanza. Total revenue from these sales was $449.48 with a net margin of 52%.
Here are a few sales worth mentioning:
Pek Preservo Wine Steward Preserver Silver NEW – Paid $2.75 @ GWO – Sold for $32.82 – Net Margin 62%
This is one of those items that I thought would sell for more. Because it was in new condition in original packing, I considered listing it on Amazon; but I ended up listing it on eBay (my comfort zone) in October. It finally sold to a buyer in Nevada.
Genuine Army Woodland BDU Camo Trousers Men's M65 Field Pants Small-Regular NEW – Paid $4.75 @ Savers – Sold for $39.95 – Net Margin 62%
I don’t like to pay more than $2 for pants, but these were really nice in brand-new condition. I really hoped they would sell for more; but after almost 3 months, they finally sold to a buyer in Florida.
RARE Vintage 1944-47 Monopoly Game with Board Wood Buildings and Metal Tokens – Paid $1.24 @ GWO – Sold for $70 – Net Margin 73%
In a previous post I wrote about a vintage Ouija game that I sold for $50 on eBay. Here is another vintage board game that I bought from the outlet and sold for $70! The good thing for me is that the other folks don’t bother with this type of game because it is old, and they look for newer games they can sell at the swap meet or flea market. I’m just glad most of the pieces were still there. This sat in my store about 9 months waiting for the right buyer. It finally sold to someone in Texas.
Neat-Oh! LEGO Friends ZipBin Heartlake Place Transforming Toy Box NEW – Paid $20.94 for 3 @ TRU – Sold for $68.85 on Amazon – Net Margin 43%
Since I started selling on Amazon, I’ve been researching and reading blogs on the topic of arbitrage. I know there are many folks who are having great success with this, but I am not finding this very easy. For one thing, you really do have to drive around to many places to find merchandise. I prefer one-stop shopping, like the GW outlet, where I can find many different things to sell at one time. But, like anything, I’m sure once you get the hang of it, it becomes easier.
So, back in September, I made a stop at my local Toys R Us and found these LEGO ZipBins on clearance for $5+. There were only 3 left so that’s what I got. I quickly shipped them out to Amazon, where they sat until December. Then bam! All 3 quickly sold – 1,2,3 – one right after the other. The best part – I didn’t have to do the packing and shipping!! I love that! My net margin was only 43%, but my net profit was almost $30.
Now that’s cash for trash!
On a personal note:
In my previous post, I mentioned that we were refinancing our mortgage to get a lower interest rate. After 60 days, the loan was finally funded just before Christmas and the funds were disbursed on Christmas Eve. So, yes, we had a wonderful Christmas! We were able pull out some extra funds to replace our old and failing kitchen appliances and do a few minor repairs around the house.
With this new situation, I have been thinking about what I want to do with eBay and Amazon. I know I want to spend less time with online selling and more time with my quilting and reading hobbies, which I have sorely missed these past few years.
My original thought was to just totally get out of online selling, but I do enjoy the thrill of the sale. So I will continue with eBay but on a MUCH smaller scale – maybe no more than 100 items. I’ve already started marking down many of my items to move them out. And when my year comes due, I am going to downsize my store.
As for Amazon, when I started selling there in September, our financial status was much bleaker. But with our new situation, I’m not sure I will continue. I’m still on the fence with Amazon.
It’s a new year and a new adventure begins ….