Monday, January 5, 2015

Happy New Year and Goals For 2015



I was just reading the blog of another reseller who listed her goals for 2015. It inspired me to think about my own goals and look back at my goals for 2014.

My only specific goal for 2014 was to increase my inventory from 500 in January to 1000 by the end of the year. I am currently at 960 items and holding as things are selling as fast as I'm listing. I'm going to consider my 2014 goal met even though I didn't reach 1000 by Dec 31st. I thought by doubling my inventory my sales would double. They didn't. Time to re-evaluate.

In 2014 I also started selling on Bonanza and Etsy. I think this was a successful venture as I've had sales on both sites, 11 on Bonanza and 5 on Etsy. I will continue this in 2015.

New Goals for 2015
  • Increase my income so that it meets my expenses. This is the BIG goal. To do this I need to increase the average selling price of my items. Currently my average selling price is $21. I want to raise that to $40. All of my other goals should be geared to help me with this one. 
  • Try New Thrift Stores. Hunt out new to me thrifts and try at least one a month. In the past I've been hitting the same few and one of them isn't very good. I go there more out of convenience because it is the one closest to me. 
  • Make a pilgrimage to the Goodwill Outlet in my state. I have never been to a thrift outlet. There are two outlet stores in my state. One is a Goodwill outlet and is about 2 1/2 hours away. It is on the same route I take to visit my sister and brother so I could go there on a trip to visit them. There is also a St Vincent De Paul outlet about 2 hours from me. I didn't know Vinnies had outlets, did you? It's called Dig and Save, LOL.
  • Get my inventory organization under control. That's like saying lose weight. Hard and vague. I will probably write a separate blog post on that at some point with more specific steps to take to meet that goal. 
  • Shop more often but buy less. Be pickier. More rummage and estate sales.
  • Try an auction. 
  • Finish going through my parents things. My parents moved out of their home a couple of years ago and I brought a lot of their things into my home (basement and garage) to sort and sell. I've started this but have a long way to go. 
Feel free to leave advice for me on how to reach my goals or share your own goals in the comments. 

10 comments:

  1. i think you have excellent goals.....!

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    1. thanks Grace :) I hope I can achieve them.

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  2. Inventory organization.. Yikes. I'm right there with you on that. I love your comparison of its like losing weight. So true.. Sounds simple but there's many factors involved.

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    1. If you figure it out, let me know!

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  3. Shop more and buy less. Be pickier. That's a good one. I'm trying to do that myself. It's hard to resist those 50 cent mugs but I MUST! I'm doing better on Etsy than I thought and the fees are soo much lower in comparison to ebay. I want to try and sell more there this year. I did my end of the year figures and I almost fainted when I added up the ebay fees I paid in 2014. Holy smokes!

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    1. I hear you. What is it about mugs? I'm the same way with them.

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  4. Great goals Nancy. I really have only main goals. One is to get my inventory organized (should have done this over 3 years ago when I started) and then to slowly, but consistently list all that I have. It ain't gonna sell if I don't list it! LOL

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    1. That's right Margaret. I have the same goals. I started a little longer ago then you did but I keep thinking it's only been three years LOL.

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  5. Great goals, Nancy! I'm trying to finish up tax stuff, and then I'm going to sit down and compare the goals that I made last January to the results and move forward with new goals for this year.

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    1. Some day I'll be finishing up tax stuff this early! Good on you Kimberly :)

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