Color me shocked–I broke a thousand dollars in profit again this month! I actually did better than last month! If you recall from my last monthly recap, I was pretty positive July was going to be a bad month. I was wrong. (I like being wrong this time.)
I am really glad that I kept my listings active while on vacation this year. I also sold nearly all of the items I had up for auction. None of those were big sellers–the largest was just over $20–but one of my auction winners also went ahead and spent $90+ on BIN items, in addition to the $2 auction she won.
One thing that I attribute my great July sales to is using eBay’s Promotions tool. The short story is that I am a huge fan of offering discounts on multiple-item orders, and I know that I’ve had far more buyers order more than one item than I used to. I’ll be writing a more in-depth blog post about this soon.
Before I get to the numbers, can I just get all touchy-feely for a minute? When I started as an eBay reseller, my main hope was to make one or two hundred dollars a month to give our budget a little more breathing room. My big, hairy, audacious goal was to make enough profit to pay my monthly student loan bill. It was $250 at the time. I honestly thought that was a pipe dream when I first started, but this month and last month, I made four times the amount that I thought was nearly impossible.
Okay, enough of that–here are the numbers:
Number of items sold: 80 (up 16 from last month)
Average selling price: $ 27.25 (down $2.84 from last month)*
Total profit: $1,197.97 (up $146.34 from last month)
*I include selling price + shipping paid by buyer.
(Click here for my review of Easy Auctions Tracker, the spreadsheet I use to keep up with my income/expenses.)
My best sale of a thrifted item was this Elie Tahari top:
This was one of those no-brainer purchases. The shirt was a nice brand in a larger size and it had the nearly $200 price tag still attached. I paid $4.49. This one did sit for several weeks before selling, and when it finally did go, it was during a 10% off sale, but I’m still really happy with that profit margin.