Shipping Frenzy after eBay Auction Frenzy

Well I had hundreds of auctions starting at two dollars and some change.  Most sold at that so it was a little disappointing but at least I can turn my inventory over.  Many of the items had been listed for awhile.

Over this long three day weekend over fifty items sold.  I was so thankful that the post office was closed on Monday for Labor Day because it gave me more time to pack and ship.  I did three two hour increments...so it took me about six hours to pack over fifty items.

I'm proud of myself.  Of course, I need to increase my speed and up my auctions.  I still don't know how to make a living doing this but I keep trying new strategies.  I hope that sales pick up with the increased auctions and that the approaching holidays help too.

Fellow eBayers - Do you find that your auctions bid up or do you items sell at the initial listing price?

I find that a few items bid up but not to where I would like them to...Most sell at the initial price.  I will keep studying key words and categories to try to find the "secret."

In the meantime, visit my eBay store because you are bound to find a great deal!

Coming up with a Business Plan...Can I Do It?

There is no question that starting your own business is a challenge...

Learning how to drive traffic to your site is a process...

I keep going over and over what I should sell...

Should I stay on this path or change directions?

I'm doing well but I am not earning a living yet and I want to grow, grow, grow my business.

Always the overanalyzer, I have been reflecting on what I can do better.  I've determined that I am trying to do too much at once. 

• I want to add more listings to my eBay store.
• I want to make more jewelry and add it to my new Etsy store.
• I want to create products for my Teachers Pay Teachers store. (I need to update my store too!)
• I want to keep www.LoweryLoft.com updated.
• I want to expand http://llbookreviews.blogspot.com and link it to Amazon products.
• I want to continue to blog at http://lowerysloft.blogspot.com about growing a small business and about some of the interesting things I am learning about vintage products.
• I want to add more blog posts about Teaching with Everyday Objects on http://groovyeducator.blogspot.com and eventually turn it into a book with accompanying activities.
• I still want to write children's books.
• AND right now I am trying to find a part/full time job to supplement my income while this business grows.  
• AND I am trying to be a good mom and spend as much time with my wonderful little girl.  AND I am trying to keep up the house.  
• AND I am trying to be a wife who is not distracted by all of these things so my husband doesn't feel neglected.

I feel pulled in so many directions.  

I need to be proactive and make some tough decisions.  I've backed out of my booth at the antique mall and I have backed out of my booth at the flea market because it was just too much!   There are only so many hours in the day. 

I want to do some guerilla marketing with my business cards and make flyers but I don't know if I have enough products in my eBay store to keep people interested and the Etsy store needs to be build up more too.

With it being so close to the beginning of the school year, I should be making some items for TpT.  

I keep bouncing around from one want to the next.  

My current plan is as follows:

• Post office= Every Day! Mon-Fri.
• Monday-eBay all day!Please note when I say eBay all day I am referring to listing.  I need to grow my store and all day is not all day.  I still am mom in the morning until 9 and then mom again at 2 or 3.
• Tuesday-Family Day with e-Bay during "nap time" and after "bed time"
• Wednesday-Family Day with eBay during "nap time" and TpT brainstorming at bed time
• Thursday-TpT / Groovy Educator all Day!
• Friday-Treasure hunt and eBay, eBay, eBay
• Saturday-Family DayDuring nap-time=catch up time (Possibly a trade school, craft fair, or flea market)
• Sunday-Family Day - Squeeze it what I can when I can.

I will still periodically add to http://llbookreviews.blogspot.com and do quick updates to the blogs but I needed a plan.  Oops the jewelry making was left out.  I can always fit that in during Family Time since my daughter is very interested in the process.  We can each work on our own projects.

Notice there is a lot of family days because family is important!  I want to enjoy as much of my daughter's early years as possible.

In the mean time I have to keep searching for additional work.  I just don't know how this will all come together but I am putting it in God's Hands.  

I don't know if I am putting too much of an emphasis on eBay but it is where most of the income is coming in.  I would love to sell new products too.  I have a product line in mind but I have to keep it on the down low until I get the capital to invest.  I have some ideas for teaching apps and products but I will only pursue those if I am am successful and get ahead.  I watch Shark Tank and just wonder how do people do this?  How do they come up with all the money?  I don't feel comfortable asking people to invest in an idea.  At least not now because it is just a pipe dream right now.

Times like these I miss my Dad.  We would always bounce ideas off each other.  He was a wonderful listener and then always came up with some super insightful comments.  He was always encouraging and inspiring.  

If you have any thoughts or suggestions I would greatly appreciate them.  I am so used to the structure of my teaching career and right now I have limitless directions I can move and I am not quite sure what to do with all this freedom.  With teaching there always has to be a plan as with a business there needs to be a plan.  Am I trying to do too much?  Not enough?  

As with life, just keep going...don't quit.  Never quit!

Learning to Sell on eBay by Studying Other Sellers on eBay

I am still a Top Rated Powerseller ... Phew!

I've been researching other sellers that have 100% positive feedback because 99.8% bothers me.  Can you say perfectionist? 

What I have found is some sellers clearly state in the description to please contact them first if there is any problem.  

Well, that makes sense!  I need to go back to the mindset of a teacher and never assume.  I need to plainly state in my description to contact me first.  

I will say that I spend a lot of time on eBay in buyer mode (not always buying) but looking to see what other sellers do well.  

If you are thinking of selling on eBay the best thing to do is to start out by making a few small purchases to learn how others pack their items, what pamphlets, cards, or notes, are included and how they communicate with you.   

Take what you have learned and then create your own style. 

There are also a lot of discussion forums and online communities you can join.  I have done just one Q&A forum.  This is an area that I need to improve in.

In case you haven't noticed I love learning and adjusting and learning and adjusting.  It keeps things interesting and my mind stimulated.  Selling on eBay is rewarding.  You just have to find what works for you.

Finding Items to Sell on eBay (Part 2)

There are many places to find items to sell on eBay.  It depends on your purpose and niche.  I am still reluctant to have a niche even though that is probably the best way to go.  I like a wide array of items but if I had to be categorized into a niche it would be vintage (with a focus on costume jewelry).

With that said there are several sources where you can find items to sell on eBay:

• Your House-Start out by selling items around the house that are in good condition.  It might be an odd item and that is okay as long as you can describe it where others can find it.  The key is to find things that are in good to fantastic condition.  Be honest when describing and photographing the item.  Make sure that you highlight any defects or imperfections.  It might sound counterproductive when you are trying to make a sale but honestly I would rather not make the sale than have an unhappy customer.  If you have a bunch of small items you can sell those as a junk drawer lot.  Simply fill up a medium (or large) flat rate box.  When it's full list it as a Mixed Junk Drawer Lot
• Yard Sales-These are amazing for finding unique items at a fair price.  This is the treasure hunting part of eBay.
• Flea Market- Here you have to go EARLY to find the treasures because there are others searching for a deal to resell too.  Either that or you have to be an expert in your niche and see things that others do not see.
• Thrift Stores-The treasure hunt continues but it is much harder to find items at a price where you can make a huge profit.  I was very discouraged when I found out a local thrift store has a jeweler on staff who has first dibbs and who helps price what's left.  Still be relentless, check back often, look for clearance items too.  Eventually you will find something that slips through.  Recently I found a Budweiser Beer Stein for less than ten dollars.  When I looked it up on eBay, several have sold for sixty dollars or more!
• eBay-You can find items to sell on eBay too. Sometimes sellers make mistakes and misspell important words in the description or list an inopportune times (I'm guilty of this).  You can find items for a great deal on auction and then sell it under buy it now for the price you want.

There are more sources but I can't give ALL my secrets away...Can I?

Finding Items to Sell on eBay (Part 1)

Part of the fun of having your own business is the "treasure hunt."  I love looking for gems that are overlooked.  Now I know I am fairly new at this and cannot get to the sales before everyone else sometimes so I have decided to delight in finding the "overlooked" wonders.

The amazing thing about selling on eBay is that it is accessible to the world.  You never know what someone is looking for.

When I am shopping I've learned to look for a few distinct things:

1. Is there a name?  Is it signed.
2. Is there a size or other pertinent information on the item.
3. Is it broken? Does it have spots?
4. Can I ship it easily?
5. Will the shipping take too much from the profit?
6. Can I make 9 to 10 times the cost?
7. Am I excited about it?

Now I know the last one is very subjective but I want to sell things that I like.  I know that may not be the best route but for now it's the one I'm on.  

Number 6 is a key question:  Can I make 9-10 times the cost?  

I aim for ten but settle for double occasionally.  Currently I tend to sell smaller items so the profit margin is smaller.  I have to factor in the time I spent finding the item, photographing and listing the item, as well as packing it up into the price.  If I pay a dollar I want to charge nine to ten dollars to make it worth my while.  Sometimes though something is just too cool and I have to post it because of the enjoyment and other times I am trying to sell something I have had for a long time and I just want it to find a new home.

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