Updated Jan Profit + Sales + BOLO

Totally knew this was going to happen….the second after I hit post on my January profit post – I sold another item!  That makes my January profit over $1000!  My goal in February is to list on average 5 items a day.  This goal may seem small to some, but this is my “side hustle” and I still would like to have some time for myself!

Now, we are only less than 3 days into February and I haven’t listed a single item yet (which means I’m going to have to catch up and list 10 today and 10 another day instead of the goal of 5) but I still have made a $90 profit.

 

I wanted to talk about something that I have only recently found to be true.  The quality of your listing < the quantity of your listings.  Now this is only to a certain extant.  I used to spend upwards of 15 minutes on a listing, but now that this is my side business, I try to spend the least amount of time possible (averaging about 6-7 minutes per listing).  I used to use a light set-up, white background, and a Canon Rebel.  I now use my ceiling fan light, hardwood floors, and cell phone.  And you know what?  My sell through rate remains at about 50-60%.  If anything, I now price my items higher because I’m not worried about them selling all that fast and I have went from a 1 day handling time to a 2 day handling time.

I really cannot believe that I spend half as much time on my listings and selling just as much (in proportion to how much I list).  I wish I had known this all along, but if someone told me that, I probably would not have believed them.

Here’s something I sold today (note the crappy cell phone picture):

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GAP Jeans

Paid: $6.67

Sold: $29.99 +$6.35 S&H

Check back for a weekly profit update!

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Updated Jan Profit + Sales + BOLO