Blenko Glass Owls - Bookends
Narrowing my focus has been my priority during the last two weeks. As I've mentioned in the last few posts, I'm changing my direction of my ReSelling business. I'm buying less, I'm buying what I want to sell and I'm clearing out all of the items that I never want to see again. I'm also listing more, I'm finding less but at the same time finding more because my search has narrowed, and I'm loving my job.
Last Friday I drove over the mountain (tall hill?) to Calistoga to an estate sale. I found the owl bookends above, book inventory, a Christmas item for the Waldorf Faire next December and a German clock. While I left the sale with just a box of items, it made it easy to deal with when I returned home. The books went into my "to list" box, the bookends were photographed (and listed on Sunday), the Christmas item in the garage and the clock went on the wall after I discovered it wasn't worth too much.
Saturday I woke at 4:15 and signed up on the Estate Sale list by 4:30. That's A.M. time. Sadly it wasn't my kind of sale. The house was filled with vintage items but not the things that I'm interested in. I bought a few items to ReSell but not what I had been expecting to buy.
The most difficult thing about this change in buying is the feeling of disappointment that I have when the car isn't full of inventory. Yet at the same time, there have been some days when I've returned home with a van load only to sigh when I've looked at it. The idea of having to deal with it all could be so overwhelming. I'll admit that some days that I left it in the car until I felt like I could face it.
Yesterday morning I woke to gray skies and a light sprinkling of rain. While Craigslist mentioned that the Santa Rosa Flea Market was happening, instead I stayed home and worked on my office. I've nearly sorted the entire room. I sent 6 large boxes of what used to be eBay inventory, to our Yard Sale shed. It felt like a huge weight off my shoulders. I didn't see it as throwing away money because I think I'll make back most of what I spent when I sell it at our next yard sale.
I'm feeling lighter, efficiently focused and happier. It seems silly that unlisted-piled-up-inventory could cause one stress, but it can. I begin to feel so inadequate that I can't get it all listed. At the end of the day it's a simply mathematical equation. I probably buy 20 items to the 1 item that I can list. That doesn't work now does it. It means I'll never catch up.
When you bring home a piece of inventory there may be an hour of work involved. It might be in chunks of time but there is the initial research. There is the moving the item around. There might be the 2nd research since you forgot what you searched the last time and then of course there is the indecision of what really to do with the item. There may even be the time spent photographing the item only to figure out that it isn't really worth selling. Every minute you spend on ONE item is money.
I think we all should really look at the math of buying inventory.
How many items do you think you can really list in one week? How many items do you buy in one week?
I'm trying to get a system in place where I can bring inventory home, make a decision once on what to do with it. It can either go into a "flea market" box, a "to-be-photographed for eBay" box, my yard sale Box or the Thrift Store box. The error occurs when I move the item around from office to garage to office without knowing what to do with it. That indecision can cost me money and stress.
Pin purchased on Thursday listed on Sunday
If I can get my turn around quicker from buying to listing, I think my business will become more profitable.
Spirit Flute purchased on Friday and listed on Sunday
One thing that has helped my efficiency is storing a small number of items together (albeit in the dining room bay window) that I want to photograph. The following day in the morning when the light is best, I'll take pictures of the inventory.
Later in the day I'll edit the photos and move the inventory to a table in my office. The next morning or possibly that day, I'll begin to list items. This is now simply becoming a habit. The immediate result is that I'm listing more and selling more.
My two immediate goals is filling my eBay store in preparation for summer when I won't work as much. The other goal is completely sorting out the garage and excess inventory by summer. When Garage Sale season really kicks into gear, I want to be ready.
What are you current goals for your business?
Did you go thrifting this weekend?
Thrift Share Monday celebrates the Art of Thrifting. As a community of readers and bloggers we are able to connect through the process of buying second hand, selling and sharing.
We Thrift - We Share
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Don't forget to visit Her Library Adventures for Flea Market Finds.