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| Resurrect Your Cashed Out Coach
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Added on 02/25/07 by Betsy
So, it's been a while.
Worry not, I have been out there hitting it hard and gathering intelligence for the benefit of the people, and I had a number of fantastic discoveries.
After years of selling Coach bags, I am well versed in the degradation of Coach leather. For some reason they don't put feet on their bags.
My theory is that by not putting feet on their bags- the bags look crappy within a few months and you have to go get a new one.
The bottoms of used Coach bags look like Aunt Edna's elbows- all dry and gray- itchy spots is what they really look like but I of course can't put that in my ebay listings.
So for years in my listings I have included the following phrase "The bottom-a typical wear spot for Coach bags- is in good used condition with only light rubbing" or "excellent rarely carried condition".
You can always tell how much a leather Coach was carried by the condition of the bottom.
A few weeks ago I found a black Coach Court bag on the Goodwill purse rack for 2.99- most likely because it had a lot of surface wear. The leather was not worn through just had the finish rubbed off from use.
So I figured what the hell and I did something I have wanted to do to Aunt Edna's elbows for a very long time.
I Kiwi'd the hell out of it.
If you have never heard of Kiwing let me clue you. . . (read post) |
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| Build a Bear Sales Results
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Added on 12/27/06 by Betsy
Well I know I said I was going to hold onto a few of my Mumble Penguins as an investment, but I couldn't resist. I sold all 9 that I had bought.
Total investment = $198 Sold for avg price of $49.99 Total Sales = $397.92 Profit Before Ebay & Paypal Fees = $199.92
I have to say it was a great experience- easy to write the listing and just had to hit relist.
The whole experience got me thinking....perhaps I have been sniffing at the wrong dumpster.
Perhaps there is more cash to be made at the mall than the resale shop.
Wouldn't you know it Build a Bear came into some more Mumbles right after Christmas.
(read post) |
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| Get Your EverSellin Ass to Build A Bear!
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Added on 12/08/06 by Betsy
BREAKING NEWS
BUILD A BEAR WORKSHOP STORES GOT AN UNEXPECTED SHIPMENT OF MUMBLES TODAY- CALL YOUR LOCAL STORE AND LOAD UP!
Another tip: Ask your local store if they have any Mumble sounds, at $3.00 a piece they are selling for around 20 on EBay- a better return than Mumble himself.
Also if they have the fish, igloo or Eskimo outfit those are also very hard to find and will add to the value of your Build a Bear.
I was there this week and according to the Senior Stuffing Specialist this is the last shipment of Mumbles period and each store only got 1 or 2 boxes.
Currently Mumble sans sound is going for about $45.00, I am going to sell 3 or 4 at this price to recoup my initial investment and I am going to sit on the remainder of the Mumbles for prices to increase to an average of $75 then I'm selling out.
Don't worry about Christmas, other Build a Bear rares sell at high prices in Jan/Feb so I wouldnt worry about being stuck with them. We shall see....
(read post) |
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| When to Ditch Your TMX
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Added on 11/25/06 by Betsy
The Queen's mailbag overfloweth!
Everyone wants to know...
When is the best time to sell crap for Christmas?
People don't freak if last week sucked for you- it's holiday time honey. RQ rule #387 Never have An Auction End Within 2 Days of a Major Holiday. This includes Thanksgiving, Mother's Day, St. Patrick's and Valentine's Day. People are doing other things those days like traveling, eating, drinking or each other- so don't waste your insertion fee dollar!
If you are trying to unload some Holiday items- start your listing Monday the 26th. I heard at the post office that parcel post is running way behind so stick to priority or even better UPS/FEDEX.
As far as hot items like TMX/PS3- the faster you ditch them the better don't sit on these items, the market could flood close to Christmas. Remember Sony and Sesame Street aren't getting a cut of Ebay sales.
If you want to sit on something pick up the Build a Bear Mumble the Penguin- and wait a few months I am predicting $95-$145 unstuffed after they sell out based on past year's BABW performance. Adios People RQ
(read post) |
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| Ebay, Taxes, and Elmo
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Added on 11/25/06 by Betsy
Question: I found your sight in my search to find if my tmx elmos would still sell well closer to Christmas (I'm sure you noticed the expected drop over the holiday). I sold pretty heavy for a month or two last year and then bought heavier on ebay than I sold. I stopped buying do to a couple really bad experiences and and back to the selling side; when I started my biggest concern was taxes (When to charge, when to declare, what forms, etc...) and at what point I became a business versus an individual selling a couple items on ebay. I didn't know what it all entailed and just decided to drop selling for a while. Stay at home mom as well, knowing my ebay options would be helpful. What have you learned about declaring taxes at the end of the year, etc / and at what you become a business and need to start worrying about legalities. Thanks for your time Amy
Answer:
Without fail this is THE cocktail party question I get asked once I cop to selling on Ebay as a mommy profession: "Do you have to pay taxes on that?
What people really want to know is: "Do YOU pay taxes?" Though generally, people are far to polite to be that forward.
According to my accountant, tax year '05 was the first year the IRS had a professional category named "online auction sales".
I pay taxes. It is. . . (read post) |
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