Known on eBay as Top Rated Seller everythingvintagesteph, owner of eBay store Everything Vintage.
Open phones, Contact Us email, and more: Eddie, Madera CA (eddietheelk), called with details about the storage unit he purchased at auction. Ron, Birmingham AL (oilerman21), shared his thoughts on managing their eBay inventory through his and Ms. Agnes’ upcoming move.
Good poker players know when to hold ’em, and they know when to fold ’em. But either way, when they make that decision — usually within a few seconds to a minute — most of the time, they take a risk. The only time they know for sure they have a winning hand is when they have “the nuts”. That’s when poker players know they have the highest hand possible and that no one can beat them.
It’s the same with small business owners, except you’re holding merchandise instead of playing cards. Using a combination of your system plus your intuition can get you through this challenge.
Holding on to inventory is tricky. When should it be sent to the discard pile? Experts disagree on when to fold ’em, so it’s up to you to make decisions based on your own needs and sensibilities. Some sellers give listings a time limit: for example, 60 days or one year. Some don’t like to carry much inventory at all. Others keep certain rare and/or unusual items listed forever, waiting for the right buyer.
Consider the case of Weazie the texidermied weasel, who was listed for more than a year. Finally Weazie sold for $200+! Her seller just knew there was that one right person. She used her intuition. Use yours for certain rare or otherwise special items, along with a regular system for more commonplace stuff, and you’ll be fine.
How I manage my inventory to maintain my Top Rated Seller status! Our guest is Stephanie Frantz, known on eBay as Top Rated Seller everythingvintagesteph.
Our guests for eBay Radio Show #722 for May 8, 2018, are:
Greetings from Camp Clutter B Gone! Our guest is Diva Dawn Ralston, founder of Declutter with Diva Dawn and Director of Camp Clutter B Gone, known on eBay as Top Rated Seller divadawnlv.
Lee introduced a new feature sponsored by ReplyManager (http://www.replymanager.com): entrepreneurial tips to help you grow your business! Helen, Rainier OR (summertoad), called in from the road to tell us about a new item specific for sewing patterns. John, Concord NC (thesilentowl), asked about printing out his posted listings to help him find listed items more easily.
Ron, Birmingham AL (oilerman21), called in to share his method for printing out active listings in response to John’s question in the previous segment. Susanna, Wichita KS (stylesofsusanna), asked about Promoted Listings.
Griff read a buyer’s story from the eBay for Business Twitter feed. The latest BULQ Retail Moment (http://www.bulq.com) featured marketing tips around graduation. Joel from New York City (apantiq), had a challenge with Markdown Manager as well as a suggestion.
Known on eBay as Top Rated Seller holmesteadbargainsllc, owner of eBay store Holmestead Bargains.
Known on eBay as mr.customerservice, owner of eBay store Mr.customerservice and a Top 5000 Reviewer.