Simple things to remember to help keep the cost of shipping supplies low

When you start to sell items on the internet, one of the things that could eat up any profits are shipping costs.  There are plenty of ways to help keep costs low, and here’s a few of them:

Grocery stores like Wal-Mart will set aside some boxes for you if you ask them to.  They will give you a wide variety of sizes so you can pack any number of items.

If you have a paper item (like an ad or even the cover of a record), you can use plastic bags from stores to help keep it from getting wet.  Make sure that you also put a piece of cardboard with it to help it from not being bent.

When you are packing an item, a good substitute for packing peanuts is newspaper.  Make sure that you use plenty of it so that the item you pack with it doesn’t move around and get damaged while being mailed.

This is just a few of them, what kinds of tips have you heard of?


3 simple tips to remember when you sell an item online

You decided not to long ago to sell some of your items around the house, and some of your item have sold.  What are some simple tips that you need to keep in mind to help things go smoothly?

Tip number 1—when selling items online, make sure you have a scale to help weight items you are shipping.  You don’t have to worry about getting a scale from the post office—you can use a bathroom scale if it registers anything less than a pound (this will help with first class mail).

Tip number 2—make sure that you pack the items you sell as good as you can.  When I pack an item, I will use bubble wrap and packing peanuts to help keep the item I sold from getting broken.  You never know what might happen when the item is being shipped.

Tip number 3—If you are unable to get an item you sell to the Post Office, you can always schedule a pickup with them.  This can be very useful if the weather outside is bad or if you have to get to work (you can tell the post office to come where you work if it’s ok with your boss).

This is just 3 tips to remember when you sell an item.  What kinds of tips have you run across that help you out?

How long is too long to list an item?

One of the questions that you will ask yourself whenever you are selling online can stop you in your tracks—how long is too long to list an item?

From my own personal experiences, you can list the item from one to four months (that’s depending on the site you are on).  These sites will charge you a small fee not only to list the item but to renew the listing as well.  The renewal fees itself can add up pretty fast, cutting into your profits once the item sells.

What I do is I look at the listing to see what I can change—a better description or title and even different pictures can go a long way to help sell the item.  There have been quite a few of the items that I have sold online that I have done these tricks too that help sell them.

The next thing that I do is I look at the price and lower it a little if I feel that will help.  Don’t lower the price too much—it could mean that you would take a loss on it when you make a sale.

I usually don’t let any listing that I have online be renewed more than five or six times.  After renewing that many times, I take the listing down and I will combine it with something else to help sell it faster.  If I have a set of Tupperware measuring cups that looks like they are not going to sell by themselves, I will take that listing down and combine those measuring cups with something like a set of Tupperware measuring spoons.

One other thing that you might want to consider is switching the listing to offer free shipping if your profits are high enough on the listing.

How long the listing is active also depends on what the item is (like a car or furniture) or how expensive it is.  Both may play into how long the listing is active.

What do you do to help sell the items you have up for sale?


At what price do you walk away from a piece?

One of the first questions you ask yourself when you are out shopping for antiques is at what price do you walk away from a piece?  It’s a very simple question that every collector and dealer ask themselves, sometimes even on a daily basis.

It doesn’t matter if you are looking at a piece of pottery, a coin or even an advertising piece.  This question will be asked on pretty much everything that you look at.

A good rule of thumb that I use is I ask myself how much I can actually sell the item for.  I then try to pay half for the item (if I can sell it for $20, I try to buy it for $10).

The reason that I only pay half for the item is that this gives me a good cushion to cover any expenses that I happen to run across.

Some of these expenses that you also have to factor in is the cost of shipping materials like the box, packing peanuts bubble wrap and even tape.  Even the cost of the shipping label also must be considered.

There are also fees that you pay to the selling site whenever you sell an item (you usually will have to deal with these at the start of the month).

When I am looking at a piece, I also look to see if I need to make any repairs or even do something like rewire it or replace parts.  This will definitely drive up the price of the item and eat into (and potentially eat up) any profits that could be made.

What do you consider when you look at the price of an item?


Getting out of your comfort zone can be a good thing

When you are buying items to sell either online or in your shop, getting a little out of your comfort zone can be a good thing.

What do I exactly mean by this?  This could be considering an item when you know absolutely nothing about it.  If it’s cheap enough, you could go ahead and buy it so that you can learn something and earn a little of a profit when you sell it.

It could be anything, really.  It could be a book, a piece of Fiesta pottery, a Fenton glassware piece or even an advertising piece.

When I started to sell items, I knew absolutely nothing about clothing (except for what I found at Walmart).  After a while, I had a decent working knowledge of what brand names are out on the market.  Not only that, I now offer a wide variety of clothing from earrings and necklaces to prom dresses and even designer shoes.

So keep an eye out—you may find something today that you can learn from!  What kinds of items have you run across like this?


Three things to consider when you sell items online

When I first started to sell online, there were three things that I found out very quickly.  Here is what I learned:

#1 The price of the item itself needs to be considered.  When I list an item to sell online, what I try to do is to make double on what I paid for the item.  This way I can have a little wiggle room if something happens like paying a little more than expected on something like shipping.

#2 You will be charged listing fees on items you put on selling sites.  On a site like Etsy, they charge a small fee to renew a listing after the item is on the website after a certain amount of time (there is also a fee when you are listing the item for the first time).  You need to watch it like a hawk—this can add up pretty fast and eat into your profits.  After one or two renewals, you need to think about adjusting the price or doing something like taking better pictures.

#3 Packing costs also need to be considered.  The packing costs will include tape, packing peanuts, and potentially the box itself (if you don’t get free boxes from places like the Post Office).  If you do not watch this area very closely, you can completely wipe out any profits if you are not careful.

What have you learned when you started to sell things online?