Saturday, August 22, 2015

Part II Opportunities with no Money down.

Sorry this post was a little later then I expected to post, I was trying my hand at creating a new header and so it took me awhile to figure it out.  But here you go.......

We are heading into the end of August 2015 already and that means "guess what is just around the corner" yes that is right,
HOLIDAY Time.  Oh my gosh wasn't it just January 2000!! Yikes it is almost time to set New Years Resolutions and Goals again.  BUT wait I have not finished all that I planned for this year.  Do you ever feel that way and that life is moving so fast we can't catch our breath at times.  So here are some thoughts about relieving that stress for selling for the Holidays if you are not sure what to do.

Well let us work on finishing up this year strong.  By that I mean accomplishing things that has been on our list of things to do.  I know for us we wanted this to be our best year yet, we wanted to fill our store with more items and reach 1700 pieces in our store minimum.  Well so far this year we have over 3000 items in our store.  Now you ask how????

We have learned another new aspect to selling on line and that is creating multi-variation items.  This can add up fast and is super great in the time factor of listing.  You list one item and have several variations of that product.  Then where do I find those type items.  Here are some clues for you.

Find a source like we did with a local manufacture that you can sell their items.  We found a swimwear line that is made locally in the good ole` USA.  Did you know that there are several who would probably love to have you sell their items on line because they do not want to take the time or have the time to do it themselves.  We doubled our listings by just doing that and we are selling those items by using promotions and social media to promote them.  It has increased our sale in just those items by $5000.

BUT there is more, we created a online consignment store. Like I posted in the previous post there is a right and wrong way to do it.  Mainly the wrong way is to think you have nothing to offer someone else, but read that post and hopefully you will think different about this possibility.

There are certain things that you can sell for others that have great profit for you and for them.  As an example we just got over 25 boxes of collectibles and dinnerware from a new client. One of the lines was Spode which I researched before I decided to take them on consignment.  Found that the Soup Tureen in this collection was worth $899.00.  I have about 108 pieces in this collection which I will piece out as opposed to selling as a set.

Why you may ask would I do that, thinking about two things here, one is many people who have this nice of a dinnerware set may have some pieces that they broke or they may want to add to the collection.  Maybe a son or daughter got married and now there is one more in the family and they need an additional piece to the set.  And two I know that Replacement. com runs a huge business just on replacements with over a million items.  So that tells me there is a business in replacements for dinnerware.

Next post I will talk about how I find the right consignors and who I will choose to sell for.  This is a major decision that you may want to think about before you consider doing this.




Tuesday, August 11, 2015

Are you missing a GREAT Opportunity for no cost inventory???

Happy August All

To start off with, you are about to enter into the $$$$$$$ part of the year, the HOLIDAYS, where everyone will be getting out their gift list and planning their holiday parties and family gatherings.  For most of us online sellers this is our BIG time of year!

So coming off of what some find a slower time of year the summertime and entering into the 4th quarter how is your stress level???

Do you have enough inventory to carry you through or are you trying to find things to stock your store with.

This is about finding things that do not cost you money up front, I am talking about selling items for other people.  NOW before you say NO WAY, let me give you some food for thought.  If you are running on low funds and need to add more things, get more listings done and improve your sells, then this might be an answer for you.

BUT let me give you some pointers that might work for you.  I have been selling for other people for over 5 years now.  So through this period of time I have learned some things that make it work well.

The first obstacle I had to overcome was not putting a value on me as a seller and a person.  You see for years I was to timid to charge for anything that I had experience at doing.  As a former hairdresser I was always giving away my time and talent for FREE.  I hated charging my friends and family for that service UNTIL it got out of hand.  I was almost doing more hair cuts, perms and colors free then I was doing at my full time job in the salon. And of course this caused stress on me.

Well the same thing holds true for you as a seller.  Think about the time and effort you have spent improving your business, striving to have a great reputation ( especially the customer service part) and I might add, how many times have you paid to learn new things to make your business more successful.

What do you bring to the table to sell things for others.  You know there are many consignment shops that sell things for others and usually their take is 60%, paying the person with the goods only 40%.  You see if you did not bring all your experience, reputation and knowledge and time to the table all they would have is an "item" that was setting in their home or business gathering dusts and being a constant eyesore to them.  Many times just donating it just to get it out of their sight.

Now let us see just what you have that would benefit those great people with "things".  Shall we compare us to a B&M.


Here is what B&M Stores offer: 
Open limited hours
Sell locally
Have to run newspaper ads
Usually their customer base is a radius of 5 miles
They have to wait for the customers to come in
Have to stay even if there are no customers
Have to rotate their inventory often.

Here is what YOU have to offer:
Open 24/7
Sell Internationally
Use Social Media Marketing
You have the benefit of the Internet that people shop on everyday.
You sell on a popular platform that has thousands of daily visitors.
You can work from anywhere with your mobile, the beach, at a coffee shop, etc.
You can keep your items in your store for years, because you have new eyes coming in every day





 This is just a few of the benefits that you offer as well as your good customer service, reputation and knowledge of how to sell items.  Most of the B&M's have employee's that may or may not know much about the items that are in the store.  I could go on and on, but I think you get the point now.
YOU are valuable to those that do not want to take the time and effort to sell their items themselves.
This is some of the things I will be selling for others from just one client!  I have 25 boxes of things from her,



These boxes are loaded with very high end dinnerware and glassware.





This is just some of the collectibles

 Yeah!!! Christmas Dishes










                                                                      Very expensive Minton China





Next post tomorrow will talk about how to do this successfully and make tons of money.