Men's Shoes eBay 2016

January 2016 Profits – Building Momentum

Dollar Flipper Profits 14 Comments

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.

Men's Shoes eBay 2016

I wish all of my shoes that need listing looked this good!

January 2015 vs. January 2016

Jan-15Jan-162016 YTD
Income
Blog Referral6.000.000.00
Sales969.61756.80756.80
Shipping Income24.7315.9615.96
Sales Tax Collected0.003.003.00
Returns0.00-89.99-89.99
Expense
eBay Fees105.9863.9363.93
PayPal Fees38.9026.7526.75
Shipping Costs150.29125.94125.94
Cost of Goods Sold170.500.000.00
Mileage19.2014.7314.73
Travel Expenses0.000.000.00
Utilities25.3516.0616.06
Amazon Fees8.4111.6111.61
Office Supplies20.650.000.00
Office Expense374.940.000.00
Advertising37.001.881.88
Other Expenses0.000.000.00
Profit / Loss49.12424.87424.87

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

Comments 14

  1. January felt slow to me, but my profits after fees, costs, etc was around $750. I think I sold 45 items, which is $16.60 per item, less than I really like. I sold a bunch of DVDs though that are a multi-quantity listing. I think that was about 10 and I only make $7 each, but I had 30 of three different DVDs when I started, so it has been really easy on those. It is SO HARD to list the old stuff. Good for you for getting it done. I think I end up not wanting to list it because somehow I decided it was a dud (whether it really is or not). I really need to list or get rid of the things from last year. It is probably less than 10 items, but they still annoy me. Thanks for the post 🙂

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      Author

      Those DVDs are things that I would sell too. So simple. Totally worth the $7 profit for such little effort!

      As to the old stuff, I build it up in my head. And I don’t know why. I have a cool pet vacuum/hair cut system similar to a flobee that’s probably worth $100+, but I have to test it and do extra stuff. And I don’t want to!

  2. I fell a little better knowing I’m not the only one with a pile of stuff that I don’t have the ambition to list. I definitely get a block when there is more to do, like clean, or check or extra research. My eBay corner in the basement sometimes looks like goodwill threw up back there. Working on it. And I have decided that if I’m not excited about listing an item, I will just re-donate and not beat myself up about it.

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      Yep! I did this with a few items last night, and the worst part was that I bought them in December. They weren’t super old but they were slow sellers at $20. I don’t want to waste my time with that. Hey me, stop buying crap!

  3. I actually did better by far this January than I did last year. I was just making baby steps last year but in March, opened an eBay store and by May my sales were skyrocketing. Last year my January sales were $252.50 and this year they were $710.45. Not bad eh? Let’s hope I can keep it up. My goal is to double my sales each month over last years monthly sales. I KNOW I can do it through April, but not sure about after that since things started really picking up for me in May. Time will tell. I love your updates. Very encouraging, and so detailed!

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      Author

      That’s fantastic! May I ask how many items are in your store? I’m always interested to see store sizes vs. sales. It’s definitely not linear, but it can also help us understand why one store isn’t doing as well as another.

  4. I have a love/hate relationship with January. I am usually burned out from listing like mad during 4th quarter, but January always does well for me so I have to keep it up. January 2016 was good. I sold 87 items for a profit (after fees, cogs, shipping) was $1975.00 Definitely better than last January, but my store has about 200 more items than last year at this time. I have many piles of unlisted inventory so my new rule this year is if I go out sourcing (tried to stop completely but thats never gonna happen) I have to immediately list my new stuff plus at least 4-5 things from the old piles. So far its working. I get to keep shopping, which come on, is the only fun part, plus I am making some headway on the old crap. By the way I keep about 430-450 items in my store. My goal is 500 but I have never hit it. Oh well, maybe someday

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      That’s awesome! I have just over 300 items currently. I’ve been as high as 350, but just haven’t been putting in the effort recently. I’d love to be hitting the same numbers as you. I’m sure it’ll happen as I weed out lower dollar items while I’m listing.

      1. You guys are eBay ballers. I usually get motivated in the Aug-Dec timeframe, but I need to do better about listing stuff in the spring (yes even the crap that takes a while).

        Like many others, I have found small goals like I want to list x number of things this weekend or week has worked best for me.

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          The hard part for me is timing. That’s when the girls’ birthdays are and then the holidays. I don’t have tons of free time in the fall!

  5. I too have a pile of …”needs something” before I can photograph/list…. and I just about NEVER want to get to it! I like to really clean certain items before I list them (shoes, clothes, dishes, etc..) so those are always last to be listed because the prep is a pain in the butt! It made me laugh when I read that you feel the same way! …I have been selling on Ebay for 9 months now and January was definitely my best yet…$1,347 and some odd change… so you think those numbers would motivate me a little more! But no! That’s why I love listing DVDs, laserdiscs, books and cross stitch kits! Easy to list and ship!

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      Glad it’s not just me. Seems like there’s a lot of people who have the same issue. You’re doing very well with your items, and the shoes do sell well, but you’re right. They have some work. Most of the time, I wait until I get a pile of them to clean at once. That way, I can get in a bit of a rhythm.

  6. Glad to see your profits are much better due to less spending. You’re so good at doing your bookkeeping every month. I have to say that I totally suck on that front..and I do everything at tax time. I should do it though. I’m reading your post and wondering..wonder what my profit for January was. It would be good to know.

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