Last month was pretty bad for me in sales. For one thing I didn’t list very much. I also got sick with the flu, and hurt my back trying to potty train my son. It’s ok since I didn’t source for inventory very much in January so paying bills wasn’t nerve racking.
It’s a habit I’m trying to get rid off. Paying off the amount I spent on inventory last month using the current month’s sales. I would like to be at the point where I’m paying it off quicker. It has happened a few months last year where I had to tell my husband I have to “borrow” from our savings to pay off part of my credit card bill. He never minds because I am the one putting most of the savings from my profits.
I have a feeling March won’t be good either since we took a vacation for almost a week for my son’s birthday. I am not worried about it. As long a we have a roof over our head, we are relatively healthy, and have time for each other. That’s the good life to us.
Hello. I’m just posting a bit before getting back to doing parenting stuff. I’m potty training my toddler and it’s not easy. Anyways, between eBay/Poshmark my gross sales is $2200. Keep in mind that number includes shipping charged to buyer. If you wonder why I included the shipping, shipping is reported as income. If you have to ask, then that means you haven’t been paying your taxes. If you are, you need to consult with your CPA if you are even paying your taxes correctly.
“What’s your store or closet name?” This question has come up from time to time. I have shared it in the past. Though I want to be very clear why I don’t now. If you feel that by not sharing it, the information is fake. If that’s how you feel, then I can’t stop you. I share numbers to inform people how I’m able to contribute to my family’s income. Not to convince you I’m a reseller Guru. If you learn something along the way, then that’s great! Here are the reasons why I don’t.
1) There is a theory on how views can affect the eBay “algorithm”. Meaning if people are viewing, but not buying, it pushes me lower in search. That theory is enough for me to not share it. The whole “algorithm” is very complex. I’m not even going to try to explain it because even I’m not sure. There is more than searching that can affect how your eBay store is seen.
2) My prices on both platforms can be different. I run sales frequently on eBay, and price drop, and send offers on poshmark frequently that by sharing my store would confuse potential customers. Having two different set prices for both platforms is a turn off. While the price different really isn’t a huge amount, it’s just very confusing to a buyer who knows I have two stores. I have also come across people who message me through the app about buying from the other. I do not want to come across that because I can lose my accounts for selling on different platforms.
3) I’m still learning inventory control. I’m still very new to selling on two platforms. I don’t want to ever sell an item on the platform at the same time. Having to cancel a sale on eBay really affects your top rated status. I’m not sure about poshmark, but I’m sure if it happens enough, the consequences is probably not being seen to customers.
4) Eventually I would like to sell on one platform only. Right now I have 11,000 in student loan debt. Once that debt is paid, then I will decide if I will stay with either eBay or Poshmark. I could always keep doing both, but I won’t know until I achieved that goal.
I will still try to answer questions. I’m not an expert by any means. Both apps/platforms changes throughout the year that the whole idea of “Anybody can do it” should come with a disclaimer. Listing is easy. Until you you have to deal with an INAD (item not as described) or returns.