Grandma seller here for 1 year, just got my no pay person sent offer and i accepted and no pay, been 3 days!! I understand eventually i can cancel order!! I guess not bad for a year of good sales!!! I sell a little of evey thing and enjoy it and learn something new everyday!!!! Prayers for you sweet mama!
Sounds like you’re doing pretty good!! The constant learning and research is probably my favorite part. Thanks for watching and especially for the prayers!! 😊
Solid advice👍. I started out picking items I thought were good & boy, did I end up with a bunch of stuff. Thankfully, it was media purchased very cheaply & I quickly learned to make lots😊. Now I check STR for everything unless I've sold it before. Additionally, since I have some experience & knowledge under my belt, I can take some chances on things with slower STR. Sold a book today for over $35 with no sales history one eBay in the last 3 years, but I knew b/c of the subject matter & the limited copies out there, it would sell eventually.
Always love reading your comments!! I did the same thing, especially starting out. But you’re right, I think good picking is a combination of the science of STR and the art of a good eye! Have a fantastic and blessed week friend!! 😊
I bought like 1200 cds for $200 and kind of instantly regretting it. Seems like it’s taking forever just to clean a handful without even listing them yet. I know most cds don’t bring much profit at all. Is it worth it? Any advice?
I would think at $200 that you would be able to make good profit. Cleaning is definitely not the most fun part but it has got a little faster for me the more I’ve done it. And often I find they don’t need much but a quick wipe. I keep disinfectant wipes and a bottle of windex spray handy with a couple microfiber cloths. I would suggest cleaning, comping, and sorting by artist/genre all at once if possible. Many of them will need to be lotted up in order to sell them more quickly. I would individually list only those with good sell through rates and values of $8-10 or more. Since you are only into them for less than $0.20 each, I would think you could do well. I just sold a mixed rock lot of 16 for $25 yesterday that I had $2.50 into. You could easily list lots of 10 for $19.99 and only have less than $2 of cost involved which should give you close to $15 profit per sale after fees and COG with buyer pay shipping. With 1200 CDs you could potentially repeat that 120X if all sell. That would be $1800 profit which I think is pretty ROI. But of course some may not sell, but even if you only sold half at that price point, you do 4X your investment. And that’s assuming you find no gems in the process. So, I guess it partly depends on how you look at things when determining if it’s worth the time to you, but I enjoy working with music so it doesn’t bother me as long as they are in pretty good overall condition and the potential profit margin is really good. Hope this helps!!
@@BamaJaybirdResell thank you so much! A lot of them have cracked cases that will have to be replaced and some just have small cracks on the front. Is it ok to sell the ones with small cracks?
@ I sell them all the time. I just make a note of it in the description or under the condition and show it in pictures. If it’s terrible I will try to change it or if it is a really valuable cd and everything else is super nice, then I will change it I think it will increase the selling price enough.
Not possible for an item to have a STR above 100%! That violates basic elementary school age math. 100% STR = All sold 0% STR = None Sold You can't sell more than existed. A 150% STR is like saying you had 100 widgets but sold 150 widgets. So how did you sell 150 widgets when only 100 ever existed? You arriving at 150% because you are not using the correct formula and you are not accounting for items that were listed but did not sell. STR is computed using the following formula. Items Sold / (Items Sold + Items Still Listed + Unsold Expired Listings) You are also not allowed to cut Priority Mail boxes in half and use them as storage trays. That is postal revenue fraud.
@@consignmentwares1433 Not aware I was doing anything wrong using the boxes like that but it does make sense. These were left over shoe boxes that no longer were cheaper for me to use after the ground advantage rate change. Nevertheless, note taken and will definitely change practice going forward. As far as my sell through rate calculations are concerned, it is admittedly a liberally adapted interpretation of the concept. The figure that I use reflects the percent of an items current listings likely to sell within the 90 day period as accounted for by the sold listings and intended to illustrate when the market supply is unable to match the market demand for certain products. That’s why it is sometimes referenced as having a STR over 100%. It is also understood that the total supply of a particular item for sell over the same 90 day period will exceed the current number listed on any one day as new listings are always going up. The intent is merely to easily identify which items sold on eBay have a demand higher than the current available supply and which ones don’t so only the best items can be targeted. And if the current listed supply is 3X the number sold over the last 90 days, it stands to reason that without adding any new listed items, it would take approximately 270 days for all the current listings to sell. This would be reflected as 33% of the current supply selling every 90 days and provide strong support for not adding such items to ones inventory. Maybe there exists a better term to use for this measurement, but STR, though erroneously applied, is the term most commonly used in the online reselling community and I think most people know what is meant when it is used in this way. I’m no expert economist nor do I claim that title. And as a social science teacher I do agree that in regards to pure economic terms, we are not accurately representing the concept when using it in this manner. But then again, I don’t think most viewers of reselling content, myself included, are looking to hear a detailed lecture on economics when they tune in to a reselling channel. Lol!! I’m looking for the simplest actionable information available that is easy to master and apply. 😉 Thanks so much for the quality input and for taking time to watch. I think you may have inspired the teacher in me to provide some clarification on this subject in an upcoming video. 😁 Have a great day!!
Grandma seller here for 1 year, just got my no pay person sent offer and i accepted and no pay, been 3 days!! I understand eventually i can cancel order!! I guess not bad for a year of good sales!!! I sell a little of evey thing and enjoy it and learn something new everyday!!!! Prayers for you sweet mama!
Sounds like you’re doing pretty good!! The constant learning and research is probably my favorite part. Thanks for watching and especially for the prayers!! 😊
Thank you ! Just starting.
Good luck with your sales, I hope this video helps. Thanks for watching!!
I enjoy your videos, you are such a honest, helpful person!!! Keep the good videos coming!!!! Thank you!
I really appreciate you watching, and thanks for the encouragement! I'm always looking for ways to improve! God bless!!
Hi from the UK
Great video & advice, we started in June this year, looking forward to next year.
Awesome!! Thanks for watching good luck moving forward in this reselling adventure!! It’s a blast for me!
Great show and advice as always!
Thanks my friend! I hope the tips are helpful!
Solid advice👍. I started out picking items I thought were good & boy, did I end up with a bunch of stuff. Thankfully, it was media purchased very cheaply & I quickly learned to make lots😊. Now I check STR for everything unless I've sold it before. Additionally, since I have some experience & knowledge under my belt, I can take some chances on things with slower STR. Sold a book today for over $35 with no sales history one eBay in the last 3 years, but I knew b/c of the subject matter & the limited copies out there, it would sell eventually.
Always love reading your comments!! I did the same thing, especially starting out. But you’re right, I think good picking is a combination of the science of STR and the art of a good eye! Have a fantastic and blessed week friend!! 😊
I bought like 1200 cds for $200 and kind of instantly regretting it. Seems like it’s taking forever just to clean a handful without even listing them yet. I know most cds don’t bring much profit at all. Is it worth it? Any advice?
I would think at $200 that you would be able to make good profit. Cleaning is definitely not the most fun part but it has got a little faster for me the more I’ve done it. And often I find they don’t need much but a quick wipe. I keep disinfectant wipes and a bottle of windex spray handy with a couple microfiber cloths. I would suggest cleaning, comping, and sorting by artist/genre all at once if possible. Many of them will need to be lotted up in order to sell them more quickly. I would individually list only those with good sell through rates and values of $8-10 or more. Since you are only into them for less than $0.20 each, I would think you could do well. I just sold a mixed rock lot of 16 for $25 yesterday that I had $2.50 into. You could easily list lots of 10 for $19.99 and only have less than $2 of cost involved which should give you close to $15 profit per sale after fees and COG with buyer pay shipping. With 1200 CDs you could potentially repeat that 120X if all sell. That would be $1800 profit which I think is pretty ROI. But of course some may not sell, but even if you only sold half at that price point, you do 4X your investment. And that’s assuming you find no gems in the process. So, I guess it partly depends on how you look at things when determining if it’s worth the time to you, but I enjoy working with music so it doesn’t bother me as long as they are in pretty good overall condition and the potential profit margin is really good. Hope this helps!!
@@BamaJaybirdResell thank you so much! A lot of them have cracked cases that will have to be replaced and some just have small cracks on the front. Is it ok to sell the ones with small cracks?
@ I sell them all the time. I just make a note of it in the description or under the condition and show it in pictures. If it’s terrible I will try to change it or if it is a really valuable cd and everything else is super nice, then I will change it I think it will increase the selling price enough.
Thank you for sharing. Prayers you have a blessed day in the name of Jesus Christ.
H
Thanks for watching and for the prayers! I hope you have a blessed day as well!
Not possible for an item to have a STR above 100%!
That violates basic elementary school age math.
100% STR = All sold
0% STR = None Sold
You can't sell more than existed.
A 150% STR is like saying you had 100 widgets but sold 150 widgets. So how did you sell 150 widgets when only 100 ever existed? You arriving at 150% because you are not using the correct formula and you are not accounting for items that were listed but did not sell.
STR is computed using the following formula.
Items Sold / (Items Sold + Items Still Listed + Unsold Expired Listings)
You are also not allowed to cut Priority Mail boxes in half and use them as storage trays. That is postal revenue fraud.
@@consignmentwares1433 Not aware I was doing anything wrong using the boxes like that but it does make sense. These were left over shoe boxes that no longer were cheaper for me to use after the ground advantage rate change. Nevertheless, note taken and will definitely change practice going forward.
As far as my sell through rate calculations are concerned, it is admittedly a liberally adapted interpretation of the concept. The figure that I use reflects the percent of an items current listings likely to sell within the 90 day period as accounted for by the sold listings and intended to illustrate when the market supply is unable to match the market demand for certain products. That’s why it is sometimes referenced as having a STR over 100%. It is also understood that the total supply of a particular item for sell over the same 90 day period will exceed the current number listed on any one day as new listings are always going up. The intent is merely to easily identify which items sold on eBay have a demand higher than the current available supply and which ones don’t so only the best items can be targeted. And if the current listed supply is 3X the number sold over the last 90 days, it stands to reason that without adding any new listed items, it would take approximately 270 days for all the current listings to sell. This would be reflected as 33% of the current supply selling every 90 days and provide strong support for not adding such items to ones inventory. Maybe there exists a better term to use for this measurement, but STR, though erroneously applied, is the term most commonly used in the online reselling community and I think most people know what is meant when it is used in this way. I’m no expert economist nor do I claim that title. And as a social science teacher I do agree that in regards to pure economic terms, we are not accurately representing the concept when using it in this manner. But then again, I don’t think most viewers of reselling content, myself included, are looking to hear a detailed lecture on economics when they tune in to a reselling channel. Lol!! I’m looking for the simplest actionable information available that is easy to master and apply. 😉 Thanks so much for the quality input and for taking time to watch. I think you may have inspired the teacher in me to provide some clarification on this subject in an upcoming video. 😁 Have a great day!!