Monthly Recap — January 2015

Happy Super Bowl Sunday! Below is a summary of my sales, expenses, and profit for the first month of 2015.


Number of items sold: 50 (up 19 from last month)

Average selling price: $26.84 (down $4.57 from last month)

Total profit: $872.31 (up $171.27 from last month)

jan 2015 p&l

I had an almost $370 increase in sales this month from last month, however, my profit increase was less than $200. One reason for that is a greater-than-average amount of expenses in January.

Here’s what I bought in January, in addition to COGS, shipping fees, eBay/PayPal fees:

  • The Easy Auctions Tracker Spreadsheet ($40)
  • New clear poly bags for shipping ($16)
  • Some poster boards to act as a background for photos (which didn’t work as I was hoping) ($13)
  • Seamless paper to act as a background (which works way better than the poster board) ($44)

If it weren’t for those (mostly) one-time expenses, my profit would be up another $100 or so. However, those supplies will increase productivity and efficiency, so I consider them a good buy!

And, for fun, my biggest sale of the month was this St. John Jacket, for $99.99:

st john jan 15

How about y’all? Any big sales? Was profit up or down for you in January?

Advertisements

7 thoughts on “Monthly Recap — January 2015

  1. You are off to a fantastic start for 2015. I look forward to following your business this year, and I hope you slay that student debt in the process! Do you still intend to try a Goodwill Outlet store sometime?

    Like

  2. Those are some great sales Erica! I resumed selling on eBay in January and while I did not start until the middle of the month, sales were great for me too.

    You mentioned in your post that you purchased some “seamless paper.” Can you share an example of what it looks like? Is it just plain ole butcher paper or something else?

    Like

    • Hello! Happy to hear things on going well for you on the eBay front!

      Here’s a link to the seamless paper I bought:

      http://www.amazon.com/Savage-Seamless-Background-Paper-yards/dp/B0002ER2YQ

      I think it’s probably a little wider/thicker than butcher paper would be. It’s meant to be mounted on a background frame, but I just have the roll of mine resting on the floor and the end pulled up and taped to my wall where I photograph. I’ve been happy with it, and it looks like the price has gone down since I purchased mine, so if you’re in the market, now looks like a good time to buy. 🙂

      Like

  3. Hey there! I have been following your blog/instagram for a while now.. I have been selling goodwill items on ebay for years now at a very small scale but have recently really stepped it up!! But I do have a question for you. How do you decide between listing an item buy it now versus auction? I personally like using buy-it-nows better, but the 30 cent charges really add up, especially if I relist an item 5 or 6 times before it sells. Just wondering if you had any feedback on this!! Thanks so much.

    Like

    • Hi Olivia! Thanks so much for taking the time to comment. Like you, I prefer BIN over auctions. When you check completed listings for identical items, you’ll usually see that the BIN listings sell at a higher price than the ones that were on auction. Have you used the eBay Fee Illustrator to see if it makes sense for you to open a store? A basic store subscription gives you 150 free listings per month, but obviously you would need to be listing and selling enough to justify the monthly subscription fee. If opening a store doesn’t make sense yet, I would probably keep using BIN, while working toward the goal of getting your number of listings up high enough to justify a store. That being said, when I do have an item that sits for a long time, often times I will send it to auction. So maybe you could have a number in mind of how many times you’re willing to re-list (and pay that $0.30) before you decide to auction it off. Hope that helps a little!

      Like

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s