In other news. I need to make more money! I put about half of my store on sale for 50% off this week. I'm still making profit on anything that is in the sale but sometimes not much especially with books. My goal is two-fold. Generate cash and clear out old inventory to make room for new. I've been hitting rummage sales, church sales, estate sales and thrift stores every week and need room. It's been great to hear the cha-ching more often as well. This is sort of an experiment. I've never put so many items on sale at one time at such a deep discount. I think I was inspired by last weeks interview on Scavenger Life with a seller AmazingTaste who runs sales every week.
Do you run sales? Are you finding any great things as the season heats up for rummage sales?
Oh No...I am in fashion and didn't know it. Normcore....my daughters won't believe that I am a fashion-nista :o)
ReplyDeleteHaha :) I'm a fashionista too. I could make a fortune selling my every day wardrobe.
DeleteHow did you find out your buyer had a blog? That's so cool. And I'm so very Normcore....oh yeah.
ReplyDeleteWhen she purchased her item I could tell from her email address that she must have a blog so I googled it. It was so fun to see an item I saw just hanging on my hanger on a person. I thought the skirt was going to be hard to sell because it was a size 4.
DeleteI do run sales every week- anywhere from 10-25% off. I bump it up to 30% for Christmas sales. I'm getting better about pricing my items high enough (usually double what I would be happy with getting), so that I can run the sale and maybe take a best offer on top of it and still come out with a decent profit. I think it's psychological. For example, I priced a pan at a starting bid of $9.99 at auction. It didn't sell. I raised the price to $29.95 and put it in my store. I ran a sale which brought the price down to $24.95, and then I accepted a best offer of $19.95. The customer thought they got a great deal, and I made a really good profit on an item that I paid $1.00 for.
ReplyDeleteI don't seem to get a lot of action from my sales in the past but this sale at 50% off has things hopping. My overall totals for the week are going to be almost double what I usually make! I think this is definitely going to be a more regular thing for things that have been in my store for a long time.
DeleteThat's so cool Nancy. I went to the link you posted, but it didn't link directly to the skirt post. You had to scroll down a few posts. Maybe edit the link to the direct post? I still follow a lot of fashion blogs to see what's popular now a days. I like to look cute, but I wouldn't call myself a fashionista. It's always good to know what's in style, especially when you're reselling clothes..helps with the keywording.
ReplyDeletethanks for the tip on linking directly to the post. hadn't thought of that.
DeleteI don't dress fashionably but I enjoy looking.