Answering Your FAQ's - Returns, Pricing Strategy, and More

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  • Опубликовано: 18 окт 2024

Комментарии • 105

  • @helpfulcommenter
    @helpfulcommenter 3 месяца назад +18

    When it comes to promoted listings, and people saying its not working for them, here's the thing. Look at your impressions. Are they up since you started promoting your listings? Then it's working for you. That's literally ALL promoting your listings is intended to do, from the platform perspective. If your impressions are way up, but your sales haven't budged, that means you don't have good inventory (or more accurately, you don't have inventory anybody wants right now, for whatever reason.)
    Promoting your listings just gets more eyeballs on your items which you can check by looking at your metrics on ebay related to impressions and views. After that it's just on you whether or not your stuff is selling. Bad stuff, overpriced stuff, terrible photos, etc, all can make promoting your listings virtually irrelevant. Like Cayley said, if you don't have a decent organic traffic and conversion rate within a margin you already feel good about, then fix that first before you go into promoted listings. It's not a magic wand. Thanks for coming to my Ted Talk

  • @jennieharris9841
    @jennieharris9841 3 месяца назад +1

    The group has been absolutely 1000% worth it. All the coaches are phenomenal and accessible which I appreciate as a new seller! Congrats, Cayley!

  • @katiemay27
    @katiemay27 3 месяца назад +1

    REU has been amazing for my business. It has reinforced what was going well and helped me improve my weak spots. The weekly calls and FB community are my favorite parts. Thank you for all you put into making the group so beneficial!

    • @cayleyelaine
      @cayleyelaine  3 месяца назад

      So happy to hear the impact RE is making in your business! ☺️

  • @adamframe309
    @adamframe309 3 месяца назад +3

    We have always promoted at the minimum ad rate, now 2%. A while back we tried 10% across the board and it definitely worked. We have dialed it back to 5% and trying that for a while.

  • @allisonmhilton
    @allisonmhilton 3 месяца назад +1

    I am a part of the Resellers Edge University and it is worth EVERY penny

    • @cayleyelaine
      @cayleyelaine  3 месяца назад +1

      I super appreciate you ❤️ And I'm so glad you are enjoying Reseller's Edge!

  • @justme-ki7im
    @justme-ki7im 3 месяца назад +1

    Your videos are so informative!! I think I will try the promoted listings and see what happens.
    I also belive it is better to have 2 people while you are doing whatnot videos to move things at a faster pace. There are several good sellers on whatnot. The only thing that concerns me is actually reselling used items vs new items. I think its getting oversaturated with pallet item's etc.
    Great video thanks for your help!!!

  • @judyc7786
    @judyc7786 3 месяца назад +2

    So very glad you're still doing informational videos 😊

  • @darlapanabaker9349
    @darlapanabaker9349 3 месяца назад

    Love the FAQ videos!! Thank you for all you do for the reselling community!!

  • @giancarlotorres3520
    @giancarlotorres3520 3 месяца назад

    Hello Cayley you are back! Also thanks for your answer in regard to a return situation I had weeks ago. I did as you recommended and it worked with no hiccups.

  • @sparechange101
    @sparechange101 3 месяца назад

    Outstanding teaching, as usual. Thank You for your open, honest, pertinent info.

  • @SandyDesmond
    @SandyDesmond 3 месяца назад +2

    I’m trying promoted listings at 8-10% and I’ve seen a good increase in sales. (I’m a teacher so I’ve also been able to list more consistently & spend more time sourcing better inventory lately). The issue is I did not realize shipping fees were included in calculating the promoted listing fee. I’m excited about the # of sales, but my net profit is so disappointing-especially if the item is selling on an offer to watchers.

  • @Steph-sk2nb
    @Steph-sk2nb 3 месяца назад

    Congrats on your wedding! Have fun at the beach!

  • @JustGina23
    @JustGina23 3 месяца назад +1

    I see Nikki on whatnot ❤ her and Marley do a great job

  • @theresalahr902
    @theresalahr902 3 месяца назад +1

    Hi Caylee,
    Love your videos and your content. I’ve learned so much. Thank you!
    Quick question about self through rates… When you are determining the self through rate, do you drill down to the specific size of the item you have? Or do you keep it slightly more general, for instance, 2x and 3x versus only 2x? I always try to be specific if it’s more common sizes but sometimes if there aren’t a ton of exact comps, including size, I feel like I don’t get a very good picture. Please let me know if you have a good rule of thumb for this when there aren’t a hundred of the same item for sale. Thank you! -Terri

    • @cayleyelaine
      @cayleyelaine  3 месяца назад +1

      I generally include size in my search. If I'm not getting enough results, I might back out of size.

    • @theresalahr902
      @theresalahr902 2 месяца назад

      Thank you!

  • @lgarcya
    @lgarcya 3 месяца назад +1

    Hi: Great stuff! ? Question: Do buyers call sellers when an order is not correct? Meaning on the phone leaving voicemails? I got one. I’m surprised.

    • @cayleyelaine
      @cayleyelaine  3 месяца назад +1

      I've never known of buyers having access to our phone numbers. Everything should be done through ebay. This doesn't sound right to me. Is it possible you put your phone number on the return address?

  • @jackiepmarks
    @jackiepmarks 3 месяца назад +1

    Hi Cayley. My question is about cross listing. I list on Ebay and Poshmark. When an item sells on one platform I mark it Not For Sale on the other. I am able to do this manually I don't have enough items at this time for a VA. My question is does it hurt my Poshmark closet to have so many items listed as "Not for Sale" because it sold on Ebay? Should I just delete the listing? And keep the record if the sale in Sold listings
    Thank you for your time

    • @cayleyelaine
      @cayleyelaine  3 месяца назад +1

      I personally delete them. There's really no point of keeping the listing if it sold somewhere else. Your sold data will automatically be logged on whatever platform you sold the item on.

  • @carolthomas9814
    @carolthomas9814 3 месяца назад

    Yes love this type of video!!

  • @littlebear853
    @littlebear853 3 месяца назад +2

    Whatnot vs Posh show? Id love to see a video about it.

  • @knitunravel
    @knitunravel 2 месяца назад

    How do you make sure the wholesaler you work with knows what they're doing? And do you handpick every time or do you accept boxes? I've had some bad experiences with wholesalers where they would send me a box with about 50% stuff that sits, or items that are in terrible condition. So how do you check their track record before ordering?

    • @cayleyelaine
      @cayleyelaine  2 месяца назад +2

      We have an intro call before they ever start buying from us to discuss our expectations and answer any questions. We do buy calls where we can say yes or no to items.

  • @teofilomaldonado4547
    @teofilomaldonado4547 3 месяца назад +1

    Hi, regarding Resellers Edge, is there an amount of time I'm required to commit to? In other words, if I try it for 3 or 4 months and find that it's not for me, can I cancel my membership? Or is it a year subscription?

    • @cayleyelaine
      @cayleyelaine  3 месяца назад +1

      You can cancel at any time 😊 We have both monthly and yearly memberships. So if you want to try it out, I'd recommend starting with the monthly. We do not refund for unused time.

  • @smunsterman7
    @smunsterman7 3 месяца назад

    Thank you!!

  • @amyplourde1556
    @amyplourde1556 3 месяца назад

    Just curious. Did you thrift your wedding dress?

    • @cayleyelaine
      @cayleyelaine  3 месяца назад +1

      I bought second hand online 😊 so kind of?

  • @HeatherNakoal
    @HeatherNakoal 3 месяца назад

    When you do your what sold videos are you including whatnot?

    • @cayleyelaine
      @cayleyelaine  3 месяца назад +1

      I am not. I may do what sold on whatnot in the future but it would be a separate video.

  • @quietkaoscorp
    @quietkaoscorp 3 месяца назад

    Hello thanks for all the info, I had a question . I always struggle with going full time just because of the fear of Ebay ever shutting down my account for some reason Have you ever considered that? or do something to help just in case that may ever happen to you? or do you just not worry about that Thank you so much

    • @cayleyelaine
      @cayleyelaine  3 месяца назад +2

      I make sure I know what can get my account shut down and I don't do those things. They are easy to avoid. Most people are more fearful than they need to be.

    • @quietkaoscorp
      @quietkaoscorp 3 месяца назад +1

      @@cayleyelaine Thanks I just heard some horror stories of people getting banned and Ebay not even telling them what they did wrong....but def makes sense to just stay away from anything that you question could be wrong....well thank you

  • @ginamarie5575
    @ginamarie5575 3 месяца назад

    What’s your favorite time of day to source at the thrifts, goodwill bins ect…. Thx

    • @cayleyelaine
      @cayleyelaine  3 месяца назад +2

      Monday and Tuesday, early in the morning.

    • @ginamarie5575
      @ginamarie5575 3 месяца назад

      @@cayleyelaine awesome !! Me too ;) smart shoppers unite ! lol

    • @betteryan8735
      @betteryan8735 3 месяца назад

      @@cayleyelaine Why Monday Tuesday early morning?

    • @cayleyelaine
      @cayleyelaine  3 месяца назад +2

      @@betteryan8735 I've asked all the thrift stores in my area and they said that was the best time to go because everyone cleans their house and donates on the weekend, then they are putting those items on the floor Monday and tues.

  • @BoHoSellers
    @BoHoSellers 3 месяца назад

    I am currently watching the video so you may cover it but maybe someone else can help: Goodwill- does each individual goodwill only put goods out that are donated at that store? Or does it go to a center
    Somewhere? I have been to more affluent area GW and haven’t seen a much better selection than others.

    • @cayleyelaine
      @cayleyelaine  3 месяца назад +1

      It depends on the area. Most Goodwills are located within a region and every store within the region shares trucks.

    • @helpfulcommenter
      @helpfulcommenter 3 месяца назад +1

      Ask a Goodwill employee. Cayley is right - every region is totally different. But the employees are usually more than happy to answer these types of questions. I know that in our region, the donations stay at the stores they're donated to, except for a few stores who receive low donations, and they get occasional truck deliveries from other more busy stores' overstock.

  • @silviahigh
    @silviahigh 3 месяца назад

    Congratulations 👰

  • @JoanHandy
    @JoanHandy 2 месяца назад

    Explain how to find the sell through rate please..

    • @cayleyelaine
      @cayleyelaine  2 месяца назад

      Here you go!
      ruclips.net/video/nwXvGETCmBE/видео.html

  • @amej1942
    @amej1942 3 месяца назад

    When you sent offers on eBay (I believe that they last 48 hrs?) do you change to “not for sale” on Posh, just waiting to see if they accept the offer on eBay?

    • @cayleyelaine
      @cayleyelaine  3 месяца назад +1

      No, I don't do anything differently. If it sells, I just delete it off of Posh.

    • @kirish43
      @kirish43 3 месяца назад

      As a buyer I’ve had 2 sales cancelled because of cross listing. I take those buyers right off my list of sellers. In both cases I just got a cancellation order with no explanation, no I’m sorry. Just a cancellation and a notification that it will take 4-5 days for my payment to be refunded

    • @cayleyelaine
      @cayleyelaine  3 месяца назад +1

      @@kirish43 yep. That's why it's really important to delete off other platforms asap.

    • @karaharris6506
      @karaharris6506 3 месяца назад

      When you have a large inventory you can be sending upwards of 100s of offers a day so it’s not feasible to change them in other platforms to not for sale. Especially since in my experience only about 25%-30% of offers I send get accepted. That’s why I use Vendoo because the minute something sells it delists it from my other platforms so I don’t have to worry about selling it on another platform.

  • @deborahhalcomb4562
    @deborahhalcomb4562 3 месяца назад

    I have a real problem sourcing in my area. Either there are an over abundance of resellers or not many people who wear high end clothing. I have only found 3 100% sell through items in 2 years. I mostly have focused on men's clothing but recently have branched out to women's as well. I have joined several resale groups like Daily Refinement and Tech in the past and learned a lot. However, as you said, you have to have the high sell through items for the strategies to work. How would your group be able to help if I joined?
    Great video.

    • @davidcarugati1351
      @davidcarugati1351 3 месяца назад +3

      Hi! Hopefully Cayley won’t mind if I reply but I have a unique perspective because I am both one of her wholesalers and a member of Resellers Edge since Day One.
      In terms of the high sell rate model, I think there can be a misconception about the difference between sourcing and selling models.
      Cayley definitely has a high sell through sales model in that all goods are intended to sell within at least 90 days.
      However, after 4 hours of buy calls with Nikki this past week alone, I can safely say that she and Cayley buy a much wider variety of goods than many might think.
      I would describe their sourcing strategy as factor based. While a high STR is a significant factor, they look at so many other factors too. When I present an item, Nikki checks STR as a starting point but then thinks about fabric, color, seasonality, trends (does it epitomize a trending key word?), size and more.
      Resellers Edge has taught me a ton about all of these factors. For example, there are hours long live Zoom calls about a single trending aesthetic. As a 50+ individual, I would not be otherwise aware of Fairy Goth etc.
      We also talk about area specific sourcing in depth. Very few if any of the members have access to solely high STR (based on EBay stats alone) items.
      Ultimately, I have learned how to create a high STR store with less than high (on paper) STR items. Hope that helps!

    • @deborahhalcomb4562
      @deborahhalcomb4562 3 месяца назад

      @@davidcarugati1351 Thanks for the reply. I decided to try to try some factor stacking this week and purchased about 30 items for $1 a piece. I have about half listed to date. Will see how good I am at factor stacking.

    • @cayleyelaine
      @cayleyelaine  3 месяца назад

      What David said 😊

    • @helpfulcommenter
      @helpfulcommenter 3 месяца назад +2

      Can I jump in with a comment? I'm not in Reseller's Edge but I can only imagine it's totally awesome as everyone involved is awesome. And there's no commitment so if you try it out for a month and it doesn't help you, there's no obligation to continue (as far as I understand)
      The only reason I'm not in it is because I'm incredibly cheap, and also stubborn about doing my own thing for better or worse.
      My advice for you in your situation would be to use Ebay to gauge what is selling in your area pre-owned. I bet there's tons of items you aren't keyed into because they're not obvious. But if you do a search for solds (choose a category like Shirts or Pants or whatever and go category by category) and filter your results to within 100 miles of your specific zip code, you can see what others are selling in your area. 90% of that has been sourced in thrift stores, bins, garage sales, all the same stuff you have access too. You can find it too, if other resellers are finding it. But, you need to know what it is first and what it looks like. Getting BOLOs off youtube videos or social media and hoping to find them in your area can be a losing battle because those people may live in affluent areas or super big cities with hundreds of thrift stores. I live in a medium sized city with some affluent neighborhoods, and the reseller competiton pressure is intense here, some days I don't find anything at all, but some days I can't believe what I find just in normal thrifts. I do a localized search for solds in my area every day before I go thrifting. I can't tell you how many things I'd never even considered or heard of that I saw in that research and then found literally that day or that week. You can do it.

    • @sherityszkiewicz9836
      @sherityszkiewicz9836 3 месяца назад

      Do you ever lower your price for sale on EBay on items and what percentage and when?

  • @xjtothejenna
    @xjtothejenna 3 месяца назад

    Do you happen to have any videos that show your excel spreadsheet inputting your values???

    • @cayleyelaine
      @cayleyelaine  3 месяца назад

      Which excel spreadsheet?

    • @xjtothejenna
      @xjtothejenna 3 месяца назад

      @@cayleyelaine I’ve seen where you show your totals in excel comparing, I wondered if you have a system within excel that you put exact amounts in to get these totals? Such as COG, fees, shipping labels, profit etc.

    • @cayleyelaine
      @cayleyelaine  3 месяца назад +1

      @@xjtothejenna ah ok. The what sold videos. I do not have a video showing that. I get those numbers from the ebay performance tab and the poshmark sales report.

    • @xjtothejenna
      @xjtothejenna 3 месяца назад

      @@cayleyelaine thank you!

  • @HeatherNakoal
    @HeatherNakoal 3 месяца назад +1

    My sales have more than doubled since joining the group. 🎉

  • @alimatt9685
    @alimatt9685 3 месяца назад +4

    Would you buy men's suits? I have like.. 60+ luxury suits that I'd love for you to buy :) I live in a very nice area and find SO MANY luxury suits but don't have the time to sell them. I have ~40+ from a lawyer who died so they're all loro piana fabric and better. I see them going for $1000s on ebay and I have so many

    • @cayleyelaine
      @cayleyelaine  3 месяца назад +1

      We might be interested! Send us an email at welltraveledclothiers@gmail.com and we can chat!

    • @alimatt9685
      @alimatt9685 3 месяца назад +1

      @@cayleyelaine Hell yeah I'll send a video of everything I have!!

  • @sunshinedream7772
    @sunshinedream7772 3 месяца назад

    So how many returns on average do you get in a week?

    • @cayleyelaine
      @cayleyelaine  3 месяца назад +2

      My return rate is usually between 4-6%. So it depends.

  • @mst5533
    @mst5533 3 месяца назад

    I’m trying to put my items on free returns but when I look at my listing the still say buyer pays.

    • @cayleyelaine
      @cayleyelaine  3 месяца назад

      How are you trying to edit them? Business policies or bulk editing?

    • @mst5533
      @mst5533 3 месяца назад

      @@cayleyelaine I would like to do it the quickest way but I’m confused when I try and do it from the policy

    • @cayleyelaine
      @cayleyelaine  3 месяца назад

      @@mst5533 do you use business policies?

    • @mst5533
      @mst5533 3 месяца назад

      @@cayleyelaine when I go into the policy I see a lot of things out there but how would I know if I’m using them, what should I be seeing?

    • @cayleyelaine
      @cayleyelaine  3 месяца назад

      @@mst5533 you would definitely know because you would have set them up. You can toggle them off on the same page. You do not have to use business policies. If you don't use them, you should be able to easily bulk edit your listings.

  • @littlebear853
    @littlebear853 3 месяца назад

    The university is not really affordable.

    • @cayleyelaine
      @cayleyelaine  3 месяца назад

      Have you been in Reseller's Edge?

    • @KacyKernan
      @KacyKernan 3 месяца назад +2

      I’m not the most active member, but have been a member since the beginning. My sales have tripled since I started just following some of the basic strategies and utilizing the knowledge that I’ve gained from the calls and course in Resellers Edge. I am able to afford it because of the additional sales I’m making as a result of the information I’m learning. Just thought I’d share my perspective on it!

    • @hiscanvasofgrace3391
      @hiscanvasofgrace3391 3 месяца назад

      How much per month is it?​@@KacyKernan

    • @goofydumbgoofyhobtch2765
      @goofydumbgoofyhobtch2765 3 месяца назад +1

      The benefit in increased sales pays for the group many times over. It also is a wonderful community of like minded resellers who offer additional insight and experience. I would be willing to pay twice the price. It is also tax deductible 😊

    • @helpfulcommenter
      @helpfulcommenter 3 месяца назад +1

      No universities are really affordable in the U.S. but at least this one teaches you how to actually make a ton of money.

  • @Amandahugginkizz
    @Amandahugginkizz 3 месяца назад +1

    Yall always say the same "ebay can force returns" well then n that case pay the return shipping but why offer it for every item? Ive sold thousands of items, habe ni return policy, only had 1 person ask for a return bscause it didnt fit, and i said no and that was the end. Never had a single issue. And nobpdy clicks the free return checkbox lol, if its an item they really want they will get it.

    • @davidcarugati1351
      @davidcarugati1351 3 месяца назад

      While I completely respect your personal experience, I have purchased many, many items online and only select sellers with free returns. I like the flexibility free returns provide.
      From a reselling perspective, I am happy that EBay (as opposed to Poshmark) offers the opportunity for free returns. When answering a buyer’s questions, I always mention my return policy in the event something does not fit. It is also helpful when an item has a “borderline” flaw.
      Additionally, the savings on final value fees does add up over time.
      To me, one of the best things about EBay is that it offers the most options to customize your business policies so on issues such as these, merchants can have different perspectives and act accordingly.

    • @cayleyelaine
      @cayleyelaine  3 месяца назад +3

      There are many reasons why you'd want to offer free returns. One big one is that you can't achieve top rated seller plus without it. Which gives you a discount off your final value fees.

    • @goofydumbgoofyhobtch2765
      @goofydumbgoofyhobtch2765 3 месяца назад +4

      Plenty of people refuse to buy clothing with no returns. I am one. 😊

    • @helpfulcommenter
      @helpfulcommenter 3 месяца назад +4

      I guarantee you that you're making 50-75% less sales overall because you don't offer returns. Not offering returns in 2024 on items like clothing that need to be tried on, when the modern consumer expects to be able to return everything they buy online, is probably the single most destructive thing you can do to your profit margin. You say "nobody clicks the free return checkbox lol" and this is completely wrong. Of course people do. You're losing a massive wave of potential buyers.

    • @karaharris6506
      @karaharris6506 3 месяца назад

      @@helpfulcommenterI agree. I just started offering returns in the past few weeks and my eBay sales have doubled. While that may not be the only reason I do know many people who will not purchase anything on poshmark because they don’t offer returns so it’s definitely cutting out a lot of buyers if you don’t offer it. Most won’t return they just want the comfort of knowing they have that option.

  • @audfashionfinds
    @audfashionfinds 3 месяца назад

    Congratulations and Best Wishes! 🩷