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Drama

I was going through reddit, (if you’re not familiar with reddit, I consider it sort of the bowels of the internet – filled with lots of people that don’t know anything all the while pretending to be experts). I was looking at the eBay and Flipping subreddits trying to find resources and see what they had to say about the YouTube people I was following. For the most part they hate the people I’ve been following.

Basically they say most of the YouTubers with big followings are scammers trying to build their YouTube channels, sell courses etc. and aren’t really that knowledgable. That’s where the drama comes in… they really feel strongly – over the top and then there’s the disgruntled anonymous employees, theories about sourcing, theft and so on (if it was interesting I’d post links but it’s basically unverified accusations).

It does give me some pause for thought. I still believe the advice I’ve been getting and following is good but where I’m new to this I’m going to hold off on recommending anyone to follow. 

I do have a pro-tip though. If you have an eBay store, you have access to Terapeak Research which is a 3 year listing of sold items. The thing is, if you’re out hunting it’s a pain to get to Terapeak Research through the app. I watched a video on it and I’m like “ain’t nobody got time for that”.

Here’s the tip: You can just save the link to your phone: Terapeak product research 
On an iPhone, go to the link then click on the share button scroll down and save it to your Home Screen. I presume an android is similar.

For those without stores there is a 90 day sold listing if you use the filters on the regular eBay app – still a bit of a pain. There is some good news about the app though, if you weren’t aware you can search the regular listings by image or barcode on your phone. The Amazon app allows you to do this too.

— David

Eggs in a Basket

I’m just beginning to see how huge the flipping industry is. We’ve been involved with antiques and vintage things for years but I always thought of myself as a collector.

Thinking out loud: I see the move to flipping from being a collector as – not when you begin buying things to resell, but rather when you start purchasing items that you have no personal interest in, solely with the intention to resell them at a profit. 

While previously I would look through albums, stereo equipment and tools at estate sales, now I might be looking up some Hello Kitty shit.

A flipper is a hunter, a collector is a gatherer – I suppose that’s a bit exaggerated –  for the most part we’re all hunter-gatherers. Like crows attracted to shiny objects, there’s an instinctive urge to posses what we see as desirable.

I’ve been watching a lot of videos about selling on eBay, some really good ones and mixed in there are some scary stories too. If you’re reliant on one source and things go south it can be devastating. It doesn’t matter if you’re working for someone or doing something else. 

— David

eBay suspension video discussion
Play Video about eBay suspension video discussion

Taxes, fees, shipping… Oh my!

Taxes, Fees etc

Yikes,
Just starting to figure out how much the costs are compared to what I’m actually making.

The picture only covers the last 30 days (I started about 3 months ago) but I was still learning as I set things up and wasn’t really listing with any regularity until a few days ago. Next month should be significantly better.

After expenses I get to keep about 50%. From $160 in sales, I got $85. – eBay gets $32, Shipping was $32, taxes were $10, then there’s the envelopes/packaging which isn’t included here.

I’ve been doing fairly well as far as the amount of sales compared to the number of items listed. I’ve sold about 30% of my listed stock since starting. My prices are very competitive and I shoot for a bit lower than the competition unless someone has priced something ridiculously low.

I’ve been watching a lot of seller videos and if I’m going to get anywhere though I’m going to be needing to sell more expensive and valuable items. This means jump-starting the process of listing some of our vintage/antique items. I’ve been holding off mainly because I’m still figuring out shipping. For DVDs, I use USPS, but for larger and heavier items I’m going to have to do more research.

— David

Was that Bob Dylan? No – Mountain Goats

The elephant wants out.

I had a psychologist tell me I was good at explaining complicated things, she also said I was severely mentally ill. So there’s that.

I’m probably going to be posting about selling quite a bit as I to turn the site into web store and work to grow it into a successful business. Having an open record of progress or lack of progress could end up with results that were/are completely unexpected and hopefully interesting. And you are here to be amused, informed and entertained, right?

If you’ve been following me for any period of time I trust that you expect that I will keep high professional standards. The site isn’t going to turn into a seedy dive bar, then again – once I start putting out some of the vintage stuff it may resemble a strip joint.

— David

DVD Boxes and Boxes of DVDs

On the site I’ll be using the eBay grading on DVDs:

Movies & TV, Music, Video Games
  • Brand new: The item was never opened or removed from the manufacturer’s sealing (if applicable). The item is in original shrink wrap (if applicable). See the seller’s listing for full details
  • Like new: The item looks as if it were just taken out of shrink wrap. It has no visible wear, and all facets of the item are flawless and intact. See the seller’s listing for full details and a description of any imperfections
  • Very good: The item is used but still in very good condition. There is no damage to the jewel case or item cover: no scuffs, scratches cracks, or holes. The cover art and liner notes are included. The VHS or DVD box is included. The video game instructions and box are included. The teeth of the disk holder are undamaged. There is minimal wear on the exterior of the item. The CD/DVD doesn’t skip. There are no fuzzy/snowy frames on the VHS tape. See the seller’s listing for full details and a description of any imperfections
  • Good: The item is used but in good condition. It may have minor damage to the jewel case, including scuffs or cracks, or to the item cover, including scuffs, scratches, or cracks. The cover art and liner notes are included for a CD. The VHS or DVD box is included. Video game instructions are included. The CD/DVD doesn’t skip. There are no fuzzy/snowy frames on the VHS tape. See the seller’s listing for full details and a description of any imperfections
 

 I must admit they’re pretty strict and not much room for ambiguity. I’ll probably be listing more things in “good” condition that may deserve a higher rating. (Yeah right, even I rolled my eyes out of habit reading that… but it’s true –  I have a huge inventory and don’t need the headache of disagreements over subtle scuffs on generic cases)

I’m currently having to learn how to set up a couple of things. As you can see the DVDs are synced but the pages need some work and not all the information about specific DVDs is showing up yet.

— David