Just thought I would give a little update on how our store is doing.
We technically started our store in June 2013 but it definitely wasn't a full month of sales. By the end of June we had spent more than we made on inventory and shipping supplies. Just started hammering out the beginning foundation of our store. We had a loss that month of around $17 even though we sold $267 worth of items. We had 33 items in our store by the end of June.
In July we had tons of problems with our house (and health) and didn't get much done at all. Again we took a loss by the end of the month but our inventory had grown. We ended up with a loss of around $52 even though we sold $222 worth of inventory. We had 71 items in our store by the end of July.
August was our first full month of working on the store and making decent sales. We walked away with a profit of $318.60. That's after spending $200 on inventory and $129 on eBay fees, and buying a Brother Printer for the store for $129.47. So it was a great month! Sold 19 items for $760. By the end of August we had 174 items listed in our store.
Which brings us to September. We had a great first half of the month, sort of mirroring August. The second half of the month has been surprisingly slow. We've also spent twice as much on inventory this month to try to bulk up for the winter. We have taken out $400 total in September for buying inventory. Our eBay fees this month will be around $190. So far we've sold around $413 worth of items which barely covers our inventory spending money for the month. We still have 10 days to have a blitz of sales but we haven't made a sale since last weekend. Currently we have 265 items in our store.
So it seems like we're climbing up month to month and making more and building our inventory more. So that is good, but I've also started to feel a little bit of doubt about some of the inventory I've been buying. Why is this item and this other item still in my store since June? I think it's cool, but no one else is looking for it I guess? It's times like these that I have to remain patient and just keep on listing. When in doubt - list more stuff! Our goal is to hit 500 items in our store by XMAS this year. We will see if we can do it!
In closing - sometimes it isn't easy selling on eBay. It comes in waves of awesome sales and then nothing. I think the important thing is to just keep going and have a little faith in yourself. Try not to get discouraged if you have an awful week of sales. Just get back out there and find more cool stuff to list!
I wish you good luck out there friends and hope you wish the same for us!
Happy Hunting!
The eBay Freshman
