eBay Sales

$5572 as of September 26, 2010

Saturday, August 21, 2010

Two Bonanzle Sales in a Row!

Bonanzle is really picking up!  I sold two items on there in the last week, which is VERY exciting since I actually made a profit on one of them and the other has been in inventory for MUCH longer than I'd hoped.  So long, in fact, that I was actually considering keeping it myself.  It was one of the first things I ever bought, and I have to be honest, I made some big buying mistakes with my first lot of item.  While I am making a profit on my new items, I'm also going through the process of "purging" older items that I either paid too much for or there's just not a market for on eBay.

One thing I've come to realize is that online selling works in cycles.  There will be periods where I don't sell anything for weeks on end, and then suddenly three or four buyers will pop up on the same day or on consecutive days.  The other thing I've come to realize is that everything sells eventually, but holding out for an item to sell for the price I want ties up cash flow I could be using to buy things that will sell more easily.  So now whenever I see something's just not moving I either sell it at the break-even price or if I can, take it back to the store.  Seems like common sense, but I waited to long with a few things I bought at the beginning, and then I was stuck!

Anyway, I should probably update my sales figures up there but frankly I'm so disorganized I have no idea how to aggregate all my selling venues anymore!  It was easy when eBay was the only place, now I've got Bonanzle sales and direct sales to take into account as well.  Maybe I'll just round up to $5000 and call it even.  What do you guys think?

No comments: