Online Selling Tip of the Week

My selling tip for you this week doesn’t get any more basic than this:

~List the items you’ve purchased before buying more inventory ~

In my early years of selling online, I was famous for having boxes and bins of unlisted inventory and leaving it sit there while I went shopping for more.  Not anymore.  If it’s not listed, it can’t sell, which means I have money invested in my inventory and it’s just sitting there with no chance for it to make me a profit.

Now I’m pretty strict with myself about listing what I have before buying more because so many times when I would list items that had been sitting around for months, the items would sell within days of listing them and I would be kicking myself……..why didn’t I list that sooner?

No more kicking myself.  When I buy it, I try to have it listed within 48 hours, and if I’m not able to list within 48 hours, I list it before I go out to buy more.  So give it a try, I think you’ll like the results.

Rachel

Homemade Ketchup Recipe

August 12, 2013 by The Selling Sisters  
Filed under Recipes, Working At Home

I’m getting more and more into making “everyday” items at home.  There are no chemicals in it when you make it at home, it’s less expensive,  tastes so much better, and honestly I think it’s fun to make everyday items at home, I love the science of it, and it’s a great way to teach your kids science too.

I made a double recipe of the ketchup and it cost me about $1.50.

Ingredients:

6 oz can tomato paste
1/4 cup honey (or agave)
1/3 cup white vinegar
1/4 cup water
3/4 tsp salt
1/3 tsp onion powder
1/4 tsp garlic powder

Directions:

Combine all the ingredients in a medium saucepan over medium heat; whisk until smooth.

When it comes to a boil, reduce heat to low and simmer for 20 minutes, stirring often.

Remove from heat and cover until cool. Chill and store refrigerated in a covered container.

Rachel

Opportunity

August 7, 2013 by The Selling Sisters  
Filed under Quotes

Opportunity is missed by most people because it is dressed in overalls and looks like work.
-

Some Days, I Just Don’t Feel Like Working

August 6, 2013 by The Selling Sisters  
Filed under Working At Home

For the most part,  I love my job.  I love being self employed and I love selling online.  It’s a super easy job with lots of profit potential.

I love finding awesome things, and love the flexibility of what I do.  I can do my job anywhere in the Nation. I can work at home or at a friend or family member’s house.  I can work as little or as much as I want to, but I’ll admit it:  There are days when I just don’t want to work, or I just don’t feel like working.

That’s one of the most fabulous things about being self employed.  I can set my own schedule.  I can spend time with my family during the day, I can relax by the pool, cook, bake, go to the lake, go shopping or whatever my heart desires and I can work a couple of hours after my little on is in bed.  Or I can choose not to work at all that day.

Don’t worry if you have days when you’re not motivated or don’t feel like working…….you’re not alone.  It’s alright to take a break.  Don’t beat yourself up for it.  You work hard, you deserve a break once in awhile.

Rachel

Scoring a Home Run

The majority of the items I sell online are from around the house, thrift stores, yard sales or from consignors.  I enjoy finding new merchandise on clearance at retail stores though too.  It’s a lot less work to list, describe, and ship.  There’s no sewing up a little hole or trying to get a stain out. I especially love it when I’m able to get large quantities of those items.  It makes my life so much easier.

The best is when you find a large quantity of a retail item that flies out the door :D   Those are always a lot of fun.

A couple of years ago, I scored large quantities of Pixos refills at the Dollar Store.  That was an awesome money maker.

Recently, I came across some discontinued Crest Pro-Health toothpaste.  Originally, my thought was that it would be a good item to sell on Amazon, so I purchased three of them to give them a try. At $2.50 a tube, it couldn’t hurt, right?

I listed them on eBay and Amazon and wouldn’t you know that all three of them sold in just a few days on eBay.  Originally, I had them priced at 7.99 each with free shipping.  After those three tubes sold so quickly, I went back for a dozen more, raised the price to $8.99 each with $1.99 shipping and within four days all 12 of them were sold.

Some of them sold on Bonanza, some on Amazon, but most of them sold on eBay.

I ended up selling over 100 tubes of toothpaste in about 8 weeks between all of my selling venues.   I kept going back each week and getting 12-15 more of them.  Buyers were ordering multiples of this toothpaste.  Several buyers purchased 10 of them at a time.
I was super excited to find out that I was the only seller on eBay with this item listed.

A few weeks into my weekly trek to the store to get more toothpaste (I didn’t have the funds up front to buy all the toothpaste they had in stock) the entire store was on sale for 20% off, so I bought out the remaining 43 tubes of toothpaste they had, and within three days, I had already made back the money I spent on that investment and still had 33 more tubes to sell.

The profit on this item wasn’t huge, but the fact that they sold fast and in large quantities helped me make nearly $1,000 of profit off of toothpaste.

I wish I could find more “home run” items on a consistent basis.  I always have fun adding them into the mix of my consistent selling items.

Rachel

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