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Profit First

Public • 871 • Free

12 contributions to Profit First
My first $200 day on eBay!
I just had to share this small milestone with people who will understand. So excited to keep it increasing!
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33
New comment 3d ago
2 likes • 11d
That’s Sweet.
Can someone help...
Ok. So a few weeks ago I switched over all clothing in my store that I could to have flat rate shipping... much the same as @Beau Johnson has. $7.99 for clothing less than 1 lb, $9.99 for clothing between 1 to 3 lbs and $14.99 for clothing 3 to 5 lbs. I thought this would not cause me any headaches....I was wrong. I know @Jerry Wilson in Florida has pretty much these same prices. I am in Wisconsin. Here is my dilemma. I have had to "eat" some costs this week since my labels on a few sales were more than what I set the flat rate to be. For example, today I sold a 3x Carhartt chore jacket for $49.99. Since this weighed between 4-5 lbs when boxed, the buyer was charged flat rate of $14.99. However, the buyer lives in Alaska and shipping turned out to be $23.96. So where I thought this was going to meet my metric ($10 profit per item at least) without any issue, after fees and all...I made about $10.74. Just clearing my metric. ??? On a different item I sold for $26.49 also today, the item was 1-3 lbs when boxed. So buyer paid $9.99 for shipping, but the shipping turned out to cost $15.42.... so again I had to "eat" a bit. Can someone please help? What am I doing wrong that my S/H works out to be more than my flat rate price on some items? I haven't heard anyone else stating they are having this issue when set up with flat rate pricing. Makes me want to go back to calculated shipping. So frustrating.....
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New comment 8d ago
3 likes • 11d
Hey another thing sometimes it’s not always the weight and the distance. It can be the size of the package or box you use. Try and get the item if it’s clothing anyhow into the smallest lightest package or box. That works at least 75% of the time for us.
Know Before You Go
You don't go grocery shopping when you are hungry and sure don't go without a shopping list. If you do, you over buy and come home with stuff no one wants to eat. Think of reselling in that light. You create a shopping list before you go shopping. You look at your pantry (your eBay store) for what you need. Where are the holes you need to fill? Polos? Jeans? Button tops? Whatever it is that you need. Then you think about what your family (customers) eat. What do they like? You should KNOW what cereal brands they like. You should KNOW what peanut butter they crave. What do they want? What are they craving for? (Items with high STR). Here are some new initials for you to learn. KYC. Know Your Customer. What brands do your customers crave. What brands are they going to buy? From this information you are ready to go shopping. For us as resellers we need to do these excercises and do the work BEFORE walking into the store. My sweet wife and I have a team meeting before we get to the store and have a plan before we walk in. "Ok, you go through the pants looking for X, Y, Z brands and I will hit the button up LS shirts and then the polos.". This works to our favor as we KNOW what we want in the sizes we need. We blow through the racks and get done much faster. We only stop to do research when we find a brand we do not know. As I write this it is Sunday afternoon. And yes, we had a great day at church, thanks for asking. 😀. I am sitting in my recliner, with my laptop sitting on my lap desk watching some of my favorite YTers. I listen for brands that they are selling. I stop the video and I enter the new brand into my spreadsheet and do a little research. "Rinse and repeat". Over and over this continues for a wonderful afternoon. What are you doing to improve your shopping list? May I suggest you think about doing research on what brands and items your customers are craving for and create your shopping list. KYC and get them some high STR items to buy.
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New comment 23d ago
2 likes • 24d
@Jerry Wilson I do the same I like grabbing brands that I know and I know shouldn’t be any problem selling.
1 like • 23d
@Jerry Wilson I love that I am gonna try and get a chance to do just that. It is a great feeling when you find something awesome and it gives you that excitement. I always get excited finding just a few things that are of value.
Jotogo Wear
Hi everyone! New to the group and learning from all members. It's terrific! Has anyone ever heard of jotogo wear? I purchased a denim jacket at Goodwill and can't seem to find anything about it. Any suggestions? Thank you.
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New comment Aug 19
0 likes • Aug 18
Welcome friend, it’s good to have you.
0 likes • Aug 19
@Teri S you’re welcome.
Very Happy To Be Here…..
Hey everyone, I just wanted to thank you all for the add into this awesome resource. I am very eager to learn more about how to build my business from all the experience you share. I have been an eBay reseller for 5 months now and i feel like it is getting better each month. My store is middle_earth_threads. Looking forward to getting to know you all. If anyone has a chance to check out my store please do and I am open to any and all suggestions and ideas. Feel free to shoot me a comment or a chat. Cheers everyone and God Bless.
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New comment Aug 17
0 likes • Aug 17
@Nancy Browne Thank you so much Nancy. I am happy to be here with you. Cheers
1 like • Aug 17
@Doug Brandies thank you my friend.
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Derek Clark
4
66points to level up
@derek-clark-1245
Loving husband and father of 3. Looking to continue building not only my faith but my reselling business as well. My store : middle_earth_threads

Active 5d ago
Joined Aug 10, 2024
Wenonah, New Jersey
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