For any new readers, I (mostly) post my numbers every month. I try to keep myself grounded. If you’re interested in my older monthly update posts, check them out here.
We’re going to do something a little different than last year. For 2015, I would compare profits month to month. Now that I have a bigger data set, I’m going to compare month to month still, but across years! So read on and you’ll see January 2016 compares to January 2015.
January 2015 vs. January 2016
|Sales Tax Collected||0.00||3.00||3.00|
|Cost of Goods Sold||170.50||0.00||0.00|
|Profit / Loss||49.12||424.87||424.87|
Well, how bout them apples? January 2016 is a hell of a lot better profit-wise than January 2015.
Less Stupid Expenses
In January 2015, I bought a fancy new Surface 2 RT for ease in listing last year. I enjoy it but don’t use it as much as I thought I would. It’s great for data entry, web browsing, and writing. I thought it would streamline the process of measuring and entering the info into my mega-spreadsheet, but that hasn’t happened. Live and learn. Seeing such a low profit last year really deflated my exuberance for a new year of selling, so I made sure to avoid it in 2016.
No New Inventory Purchase in January 2016!!!
This is the first time that I haven’t bought anything in a month since who knows when. As it’s getting closer to warmer weather, I want to be able to do some workouts in my garage. This is really hard to do when I have a bunch of crap in there! I’m busting through those piles. There’s only one issue.
It’s really, really boring when you’re listing things you bought the year before. And I have stuff that I haven’t listed since I moved down here nearly two years ago!!! *sigh*
Average Profit per Item
I sold 24 items in January 2016. Using the $424.87 profit, that leads to $17.70 per item. Not great, but not terrible. My average sale was $31.53, and there were two things bringing this down:
- Small items on Amazon – I listed a bunch of my video game collection in a moment of panic. I was very close to the Beeminder goal and needed something easy to list. Goodbye, video games! (Don’t worry, I didn’t sell all of them.) 4 of these sales on Amazon were under $4. I won’t go lower than $2.99 with the $3.99 shipping on Amazon. It’s just so easy to list that I don’t mind taking the 1 minute to only make a few dollars. Especially when it’s something that I’m getting out of my house and haven’t used in forever.
- Returns – One was from a shirt that was “too faded” even though it looked just like the pictures. The second was from the jacket from my PayPal dispute – which I won… sort of.
Overall, this isn’t a terrible start to the year. I need to do some more and the hardest part is to just stick with listing what I already have. I think the fact that I do this alone makes it tough. I have a few items which are awesome (fancy shoes and vintage Canon camera), but I need to clean them up. To get those items on eBay, I need to spend valuable time to get them into good shape, and that’s something I’m short on. So they go into the “need a bit of work” pile. Hopefully, that doesn’t grow too big!
Hey, let’s look at the bright side. I’m having a better start to the year profit-wise, so hopefully I can keep this up!
How were your January 2016 sales? Any better than last years?
Image Credit: Menswear Market