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Ask advice and get tips from expert vintage sellers and buyers.
Fatandyz
Posts: 189
Joined: Wed Feb 10, 2010 9:30 am
Location: Maine
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Re: All right, I need some advice on how to maximize my profits.

Post by Fatandyz »

I'm not technically selling full-time..as I still have a 9-5 weekday job. However, most of my free time goes into picking, posting and packaging. I've been selling on eBay since about 2004. I got into vintage about 4 years ago. I did an 'about me' section on my blog a few months ago... http://fatandyzvintage.wordpress.com/20 ... -fatandyz/

I believe you'll find many of us are mostly picking thrift stores, flea markets and yard sales. Living in Maine, I too will not be seeing any yard sales for a few months. So, I'll be hitting thrift stores and indoor flea markets. I've combined road trips with picking. For example, this past weekend my girlfriend and I spent Friday & Saturday picking around Massachusetts. Visit a city near where you live...Pick local thrift stores as your tour the area.

I agree with Jimmy & Oscar about international buyers. Those have been some of my most loyal customers.

Also, Oscar's advise about promoting is very important. Not only for sales but connecting. Facebook, Twitter, blogging, message boards, etc. has been very helpful for me. This site has been extremely helpful! You should definitely set up a storefront on defunkd. I would (I'm sure Jimmy would as well) love to see this become the international destination for vintage tees.

Welcome to the community...

Fatandyz
Posts: 189
Joined: Wed Feb 10, 2010 9:30 am
Location: Maine
Contact:

Re: All right, I need some advice on how to maximize my profits.

Post by Fatandyz »

p.s.

Just checked out your blog...very nice! Nice to see the storefront on defunkd

ShirtSounds
Posts: 41
Joined: Tue Nov 08, 2011 5:27 pm

Re: All right, I need some advice on how to maximize my profits.

Post by ShirtSounds »

This is all very helpful.

I live in Indiana (went to Purdue, stayed here). We have three Goodwills and about 100,000 people in the area when school is in, so the stock turns over pretty quickly. We have a couple smaller stores, but the stock takes a lot longer to turnover. Also, our chain of Goodwills just rolled out a Rewards program, so that is nice. In addition to always getting 10% off of every $20.00, there are a bunch of special rewards, too.

I've ditched the "U.S. only" rule. The funny thing is that the Post Office is, literally, one block from my apartment, so I will stop being a baby about that. Ha.

A couple more things...

Do you sell your stock (same items) on multiple sites? For example, Defunkd and Etsy? As mentioned, Defunkd doesn't yet have the audience that Etsy has, so Etsy would obviously reach a wider range of potential buyers. Is that uncouth? What if two people bought the same item at the same time?

I understand promoting... I'm just not sure where/how to promote. I mean I can throw up a link on my Facebook or Twitter, but only my friends are going to see it. Perhaps a separate Facebook page? Even so, who is going to "like" a random page and actually pay attention to it.

Fatandyz
Posts: 189
Joined: Wed Feb 10, 2010 9:30 am
Location: Maine
Contact:

Re: All right, I need some advice on how to maximize my profits.

Post by Fatandyz »

Post Office convenience is important...My full-time job is across the street from the post office. The post master knows me by name.

3 stores and 100,000 people...my best store in Maine is in a town of about 20,000. I visit this store at least every other week. I always find something. I should set up a photo album of what I've found at this one store.

Couple things I've learned is; It only takes 1 tee to make it worth your time and Never give up on a rack.

Multiple stores - I list on eBay and Defunkd. I signed up for etsy, but I haven't put any time into listing on that one yet.

Definitely set up a facebook page and twitter id exclusively for your vintage. Follow other users of vintage interest. It's all about self promoting and networking. I have fun with twitter. It's been like a game to get mentions and retweets. I've had a few celebrities reply, mention or retweet me.

ShirtSounds
Posts: 41
Joined: Tue Nov 08, 2011 5:27 pm

Re: All right, I need some advice on how to maximize my profits.

Post by ShirtSounds »

Good advice about Twitter.

Also, when I say multiple stores... I meant listing the same items at multiple stores. Like, would it be a bad idea to basically mirror my shirts that I have for sale here on Etsy?

oscar
Posts: 160
Joined: Mon Oct 04, 2010 9:31 pm

Re: All right, I need some advice on how to maximize my profits.

Post by oscar »

I do that. I've just started listing on defunkd first and putting it on etsy second. That way when someone is using google to try to buy an eighties Minnesota shirt (hey, it could happen) they will be directed first to defunkd. In the off chance that an item gets purchased from both sites before I could remove it from the second one I would just refund the second buyer. But when one sells I can remove it quickly from anywhere else on my phone, which I check obsessively.

Fatandyz
Posts: 189
Joined: Wed Feb 10, 2010 9:30 am
Location: Maine
Contact:

Re: All right, I need some advice on how to maximize my profits.

Post by Fatandyz »

I have most items listed on defunkd and ebay (as fixed price listings.) I wouldn't do an auction for any items I've listed on defunkd. I've also lowered the prices on most items on defunkd.

Almost forgot...I've had a local sports radio show mention me a few times lately. The host is the local sports anchor for an NBC Television affiliate in Portland. Not sure if I've got any visits from it but it was still kind of cool.

Frank
Posts: 231
Joined: Mon Oct 19, 2009 1:10 pm
Location: Chicago native in Phoenix
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Re: All right, I need some advice on how to maximize my profits.

Post by Frank »

If you are going to sift the thrifts, I recommend that you become omnivorous. Don't just do t-shirts-- I make an extra $30- $50 selling books a month on ebay or Amazon with little added effort. Not a lot, but there's not much hassle. The only problem is that i also find books that I can't live without and have 50+ to read! You can also grab vintage camping gear, shoes, whatever you have enough expertise to flip for a profit.

It's also a joy to NOT have to stand in line at the post office ever again. Automate everything through Paypal and ship them yourself. i just drop everything at the PO or have them pick up.

I need to get on Defunkd myself...

Fatandyz
Posts: 189
Joined: Wed Feb 10, 2010 9:30 am
Location: Maine
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Re: All right, I need some advice on how to maximize my profits.

Post by Fatandyz »

Frank...you just explained how I started. I use to look for collectible books all the time. One of my first finds at a thrift store was about 15 Star Wars West End Games RPG books. Those were a huge success. I think the next good find was a box of original Strawberry Shortcake Dolls. I walked right by them at a yard sale. My girlfriend stopped me and said, "Do you know what those are!?!?" I think we got the whole box for $7. One of them sold for over $90.

I also try to go to auctions. I haven't found and vintage tees yet, but I've picked up some other antique/vintage estate items.

ShirtSounds
Posts: 41
Joined: Tue Nov 08, 2011 5:27 pm

Re: All right, I need some advice on how to maximize my profits.

Post by ShirtSounds »

Oh, I pick other things, too. I'm pretty adept at knowing which video games are worth a few bucks. For example, an easy-to-find game like Contra for NES still sells for around $12.00 or so and I've picked up a couple of those for 99 cents. Records, too. I've found some pretty good records in the past. Once I found an old Rolling Stones 45 with the picture sleeve, bought it for 49 cents, and it sold for almost $50.00.

I can never seem to find any big ticket books, though.

I do think t-shirts are the easiest to find in terms of items you can sell easily/quickly for, at least some profit. I don't think too many people pick shirts around here. If I see a group of college kids rifling through the shirts I think "Good, they are just gonna weed out the garbage." One time, like eight years ago, I saw someone snag an old Anthrax shirt before I got to it, but haven't seen anything like that since.

Fatandyz
Posts: 189
Joined: Wed Feb 10, 2010 9:30 am
Location: Maine
Contact:

Re: All right, I need some advice on how to maximize my profits.

Post by Fatandyz »

Up up, down down, left right, left right, B A, B A

I've found and sold Contra few times myself. Keeping 1 cartridge for myself of course.

It sucks seeing someone pull something out before you start picking. I was going through a t-shirt rack once at a Savers. There was a guy on the rack next to me. I saw him pull out an Nike Air Jordan sneaker shirt. At that moment I wished I was packing a taser.

ShirtSounds
Posts: 41
Joined: Tue Nov 08, 2011 5:27 pm

Re: All right, I need some advice on how to maximize my profits.

Post by ShirtSounds »

So, Fixed Price auctions on E Bay... I, personally, don't get it. Why wouldn't you just start a regular auction at the lowest price you're willing to accept for an item and avoid the fees? What is the advantage of Fixed Price? E Bay makes it super easy to re-list items that do not sell, so you could keep putting the same item up over and over again with no fees.

Fatandyz
Posts: 189
Joined: Wed Feb 10, 2010 9:30 am
Location: Maine
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Re: All right, I need some advice on how to maximize my profits.

Post by Fatandyz »

The only time, (I understand) that ebay does not charge relisting fees on an auction is if the item sells. To be honest I haven't looked at the ebay fee chart in a few months. I'll have to check it out again.

When you have an eBay store you can list fixed priced listings (any price) for $0.20. The listing stays on for 30 days. With a fixed price listing you can use the 'make offer' option. Potential buyers make offers and you can accept, decline or counter. I've sold a lot of items this way.

I also take advantage of eBay's free and $0.01 listing day specials. On these days, I'll switch some of my older fixed price listings to 7-day auctions.

ShirtSounds
Posts: 41
Joined: Tue Nov 08, 2011 5:27 pm

Re: All right, I need some advice on how to maximize my profits.

Post by ShirtSounds »

I've only been charged a re-listing fee if I have extra pictures or sub-headings... you know, for what you would normally pay extra. Other than that, the fees are always canceled. That might be recent, though, as it was only a little while ago they did away with listing fees (well, the first 50 are free now despite the price).

Fatandyz
Posts: 189
Joined: Wed Feb 10, 2010 9:30 am
Location: Maine
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Re: All right, I need some advice on how to maximize my profits.

Post by Fatandyz »

That's right! I forgot about the first 50 listings. I don't believe I'm eligible for those with my store.

Frank
Posts: 231
Joined: Mon Oct 19, 2009 1:10 pm
Location: Chicago native in Phoenix
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Re: All right, I need some advice on how to maximize my profits.

Post by Frank »

There are a lot more Amazon sellers grabbing up the valuable books using their accursed phone scanners. I find a couple but no huge payoffs there.

ShirtSounds
Posts: 41
Joined: Tue Nov 08, 2011 5:27 pm

Re: All right, I need some advice on how to maximize my profits.

Post by ShirtSounds »

Can't fault them, though... once I upgrade to the 4G, I'll probably do the same thing when it comes to scanning books. I use my phone to double-check shirts all of the time.

Also, what are the fees like on Etsy?

jimmyj
Site Admin
Posts: 3915
Joined: Mon Oct 05, 2009 3:26 pm

Re: All right, I need some advice on how to maximize my profits.

Post by jimmyj »

Etsy is 3.5% commission and a 20 cent cost per listing.
Jimmy J

(Please note: Legit checks I do in this forum should not be considered 100% conclusive; I'm simply giving a gut reaction based on the limited information provided.)

ShirtSounds
Posts: 41
Joined: Tue Nov 08, 2011 5:27 pm

Re: All right, I need some advice on how to maximize my profits.

Post by ShirtSounds »

Does Etsy charge for each additional picture?

oscar
Posts: 160
Joined: Mon Oct 04, 2010 9:31 pm

Re: All right, I need some advice on how to maximize my profits.

Post by oscar »

Nope. 20 cents includes the pics. But you're limited to 5. That's usually enough, but sometimes I wish I could add a sixth.

jimmyj
Site Admin
Posts: 3915
Joined: Mon Oct 05, 2009 3:26 pm

Re: All right, I need some advice on how to maximize my profits.

Post by jimmyj »

At defunkd you're given 7 free photos! SHAMLESS PLUG. I think I might up it to 8 though - found while listing I could have used one more a few times.
Jimmy J

(Please note: Legit checks I do in this forum should not be considered 100% conclusive; I'm simply giving a gut reaction based on the limited information provided.)

ShirtSounds
Posts: 41
Joined: Tue Nov 08, 2011 5:27 pm

Re: All right, I need some advice on how to maximize my profits.

Post by ShirtSounds »

So, since I like Defunkd a lot and want to help it grow, if I do list the same shirts on Etsy (to reach more people through searching right on the site), it's better to have the shirts listed cheaper on Defunkd, right?

oscar
Posts: 160
Joined: Mon Oct 04, 2010 9:31 pm

Re: All right, I need some advice on how to maximize my profits.

Post by oscar »

I would and do, when possible. I had a chick ask if I could reserve a shirt for her until she can afford it. (common thing on etsy) Which I did, but I also sent her a link to the listing here and told her she can get it 20% cheaper on defunkd.

ShirtSounds
Posts: 41
Joined: Tue Nov 08, 2011 5:27 pm

Re: All right, I need some advice on how to maximize my profits.

Post by ShirtSounds »

Oh, one more Etsy question... does Etsy link up to your Paypal account like E Bay does? Or can you pick how you pay them for the percentages and listing fees?

oscar
Posts: 160
Joined: Mon Oct 04, 2010 9:31 pm

Re: All right, I need some advice on how to maximize my profits.

Post by oscar »

It's all linked up to paypal. There's probably some credit card option too, but I'm not sure since I don't think anyone would ever give me a card.

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