Scavenger Life Episode 496: Can Your Enterprise Run With out You?

Objects in Retailer    1431

Objects Bought           29

Complete Gross sales          $1,028.00

COGS    $97.00

Complete Revenue         $931.00

Common revenue   $32.10

Common gross sales value          $35.45

New Listings       48

Objects scavenged              10

Sourcing Allotment         19

So destiny threw a wrench into my sourcing formulation plans this weekend. In my unique formulation I allowed for two “white whale” objects even when my formulation drives my sourcing to zero. So…what occurs once I discover MULTIPLE $100+ objects in a single place?

Nicely you purchase them in fact!!! My spouse REALLY loved making enjoyable of me when she came visiting to see me carrying a number of issues. I consider her remark was “So, how’s that nerd formulation figuring out for you?” LOL!!!

Right here’s the most effective 2 objects of the lot:

https://www.ebay.com/itm/265008865973

https://www.ebay.com/itm/265009469810

It gained’t be a difficulty now since my allotment this week is nineteen objects primarily based on my formulation.

2020 targets:

– I need to hit 2000 lively listings as quickly as potential this yr. As a result of I’m a numbers nerd and engineer by commerce, I OF COURSE created a spreadsheet to forecast how lengthy it could take primarily based on the distinction of my common weekly gross sales rely and the variety of new listings. If I common 25 extra new listings than my weekly gross sales, it should take me slightly below 23 weeks to hit 2000 listings. On the intense finish, I would wish to common 143 extra new listings than my gross sales rely so as to hit 2000 inside a month.

So primarily based on these numbers, finish of June is a sensible purpose date for 2000 listings.

– I’d like to extend my common weekly gross sales rely to 40 as properly. 2019 was 21, 2020 was 33. Hitting 2000 lively listings with regular itemizing ought to get me fairly near a mean of 40 gross sales every week.

– Cut back my backlog of unlisted stock by controlling buying and incentivizing itemizing. I’ll accomplish this by way of a efficiency primarily based formulation that limits my scavenging. If I need to purchase extra, I’ve to record extra and promote extra.