Scavenger Life Episode 508: Independence = Accountability

3/28/21 – 4/3/21

Whole objects in retailer: 2224

Objects bought: 50

Product sales: $3178.85 (up 88.6% from one 12 months in the past)

Web gross sales: $2315.37 (up 126.9% from one 12 months in the past)

Highest worth bought (internet): $311.17 — 4 authenticated autographs of former Supreme Court docket justices

Lowest worth bought (internet): $7.19 — Ladies at Work Vol. II softcover e book

As anticipated, excessive greenback gross sales picked up this week with the beginning of the brand new quarter and new eBay bucks certificates. I’ll miss the every day 1% eBay bucks, that was about $150 again in my pocket each quarter since nearly all of my sourcing is completed by way of eBay auctions. Hopefully this implies eBay will begin rolling out 3% or larger eBay bucks promos extra regularly.

My common gross sales worth was fairly excessive this week. That’s as a lot a mirrored image of how my scavenging has modified over the previous couple of years as anything, and it’s mirrored in my highest and lowest worth gross sales this week.

The low worth sale was a e book! A leftover from my weekends spent scavenging library gross sales. I’m a giant reader and library gross sales are/had been such a pleasure for me, so long as there aren’t too many Amazon individuals with the scanners there. Nearly every little thing is a buck or two, and there’s a lot trash however at all times a number of treasures and typically some actually wonderful stuff. I used to have a full bookcase of books and media (CD’s & DVD’s) listings, however during the last 12 months that’s dwindled right down to half a bookcase (if that). And actually, when it comes to time to revenue ratio, I’ll love shopping for issues for a buck and itemizing them for twenty, however that’s a lengthy haul to creating $xxxx every week. So library gross sales will not be part of my scavenging technique post-pandemic.

However up till the final couple years, these low-dollar objects had been all I might afford. As gross sales improved, I used to be in a position to begin investing in higher stock and extra long-tail objects like most of us do. That’s what led to my highest worth sale this week, sheets of stamps which had been autographed by former Supreme Court docket Justices.

I purchased these autographed stamps a 12 months in the past (possibly extra?) in auctions from one of many sellers I frequently purchase from whose promoting technique is to run hundreds of auctions each week. That sort of technique just isn’t for me, nevertheless it’s quite common amongst buying and selling playing cards sellers specifically and sometimes they’ll dabble in different stuff like Pokemon playing cards (which I do know nothing about) or autographed memorabilia/paperwork/and so on. I at all times get a bit and bid a bit larger after I can “add on” to my public sale haul with one thing that’s a bit exterior my consolation zone. Studying about all this cool stuff is without doubt one of the greatest elements of being a scavenger.

There are a number of predominant corporations who do autograph authentication and all the stamps I purchased had been authenticated by the identical firm. Past that, I in contrast the autographs to different examples (as a result of even the authenticators make errors typically) and the autographs regarded like different autographs by these Supreme Court docket justices. So though I didn’t get the autographs authenticated myself, I used to be assured that they’re genuine. So I figured if I might get these autographs for $50 or so every, it must be pretty straightforward to generate income on these autographs. What number of signatures might there presumably be of those Supreme Court docket Justices from many years in the past?

I didn’t win all the auctions I bid on (story of my life) however one thing like 8-10 of them. This was most likely one of many first handful of instances the place I used to be in a position to spend $300 or so and didn’t have to make a direct sale to get some or all of that cash again. So I priced the stamps excessive to the place if all of them bought, I’d double my preliminary funding plus make a number of hundred additional. I figured I might wait some time and see what occurred.

It’s straightforward to get impatient after you’ve gotten objects that you just’re positive will promote and also you don’t get a suggestion. Not even a nibble. No exercise. Nothing. And naturally that’s what occurred, and naturally I received impatient. So I attempted placing these stamps on sale. As soon as I received a watcher or two, I attempted sending provides to patrons. I attempted itemizing them on public sale with a beginning worth that I might be comfortable. I bought two of them during the last 18 months or so, however that didn’t even cowl my preliminary funding. It may be a bit disappointing once you suppose you’ve discovered cool objects they usually simply don’t promote…

Then, in the middle of a single day, all these emotions change as a result of the one purchaser you had been ready for finds your listings. Identical to that, I’ve coated my preliminary funding, nearly doubled it actually, and most of all received reminded a very powerful Scavenger Life Manifesto lesson. Record it and overlook it.

It nonetheless boggles my thoughts that somebody will spend $300 (or extra!) on the proper issues for his or her assortment, nevertheless it’s very apparent from the customer’s suggestions left that they’re a severe collector of historic artifacts and autographs. Who is aware of if my purchaser ever would have been capable of finding these explicit autographs if I hadn’t listed them. I’m positive their assortment isn’t full but, however they had been most likely simply as comfortable to purchase these stamps as I used to be to promote them. And that’s sort of cool to consider.