In this Thrifting For Profit Podcast we discuss … gearing up for 4th quarter holiday sales.
We share ideas for thrifting, retail arbitrage and wholesale. What you should be doing NOW to get ready for the Holiday Selling Season.
Today Charlene Anderson is back helping me answer questions on the air and in the chat room. That and more coming up…..
1 – What’s up this past week
I’ve been thrifting like crazy. I can’t seem to help myself. July is a great time to start thrifting for Christmas stuff around here, the Goodwill put out all the Holiday stuff (massive amounts) and I loaded up! I found train sets, huge porcelain advent calendar, stitchery kits for stockings, holiday crystal and my favorite… Jingle Bell Rock Santa, which I sold last year for over $100.
Hubby found 5 Garmin GPS accessories – all new in package. These sell for about $80 each.
I Sold It On Ebay –
I’ve made 5 sales so far on eBay… I’m very pleased with how it’s going. We have talked about how easy it is to list products on Amazon… and it is not easy for me to list “fast” on eBay. I know my sales will continue to increase as I get more things listed, but it does take time and effort – constantly.
I listed 2 Murano (Italian) glass Christmas trees. One sold within 12 hours and the other sold within 3 days. I found these at the thrift store and paid $4 and $5 each. I sold one for $59.95 and the other for $69.95. Maybe I priced these low??? I made great profits and am happy with the score!
Question From Last Weeks Show
We talked about refunds and someone in the chat room posted “apparently they are hurting our reps at amazon according to recent info from lisa suttora podcast”
I hadn’t listened to this webinar (Invite only – it should be out on the web somewhere later), so I didn’t know what this comment was about. Charlene and I have both listened to it now and I can see why returns might be of concern to those of us that sell on Amazon.
The question goes on ” lisa saying refunds/reimbursements hurts our buy box info. Does it lower us on system? ”
Getting the buy box depends on lot’s of variables – not just price.
2 – Thrifty Flips I’ve Sold This Week on Amazon:
Vulture Biology and Management [Hardcover]
Paid $5 (UG) Finally sold for $25 Sent this in last October.
Avery White Self Seal Mailers 8325
Paid $2 New – Sold $29.99 Sent this in last November.
Is There Any Lutefisk and Lefse Left?
This is a book – mostly for genealogists.
Paid $4 (UVG) Sold $25 – Sent this in last November.
Plush Flip: Dragon Maleficent 18″ Plush (dragon from sleeping beauty)
bought for $1, sold for $44.95
Sonic-care Advance Toothbrush replacement heads
bought at Goodwill for $1.99 sold for $68.99.
Plush Flip #2 – Disney Mrs. Potts Plush Toy — 9” –
Bought for $1 at Yard Sale and sold for $25 – no tags
Want to hear about MORE GREAT FLIPS? We share flips often in our free Thrifting for Profit Facebook Group. Come join in the fun!
(note: this is a free group. To sign up just click here, then click on the “join” button and we’ll add you to the group ASAP.)
3 – Main Topic – Christmas In July
Today we are talking about gearing up for 4th quarter sales. In fact holiday sales will start in September! If you are sourcing at thrift stores, retail arbitrage or wholesale… it doesn’t matter. You need to be thinking about (and planning) for holiday sales NOW!
I had such good luck with holiday theme thrifted products last year, so I’m very focused on searching out as much as I can NOW. I want to get it all processed and shipped in ASAP. I will set the prices high – waiting for the holidays for the most profit.
One of the things I’m noticing… thrift stores don’t have these products priced high. They are moving the merchandise are very low prices, which is a great thing for the budget.
Another thing I’m thinking about stocking up on is “junk for crafters”. This is an eBay thing, but I’ve talked about selling game pieces on Amazon before as well. Crafters get really motivated to start crafting stuff for gifts and to sell… just about September. Of course, some crafters are looking for “junk” all year round, but the majority of them will start gearing up big time in September.
What do I mean by “Junk For Crafters”. Junk piles of jewelry, amassed lot’s of game pieces and ephemera (junk paper in lot’s). Broken things do well on eBay and Etsy. Doll heads, tea cups and china and rusty junk (gears, tools and brass). Old broken clocks that are unique should do well… I just missed a clock under a bell jar the other day.
Retail Arbitrage (Online or in physical stores)
I’ve been stocking up on some cold weather products that have been on clearance online. Yes… I’m sending them all in now, I don’t have room to store them. I talked about this on last weeks show.
I’ve also found a few toys at big box stores that I’m buying in bulk and sending in. I don’t plan to see sales of these until late in the year (sometime in December). I will be holding my price. These are regular retail products that are high on the “name brand” lists and not current “HOT” sellers. I really don’t sell much in the way of retail arbitrage toys, it’s just too competitive and I hate the price wars.
Also… I’m starting to stock up on things that sold well during the summer months. It’s hard to spend the money on those and still have cash to spend on inventory for the next 6 months. These products sold so fast and for great margins… that I know I’ll kick myself if I don’t get the products and have them for next year. Who knows, a few might sell during the year as well.
I’ve spent a few months now “testing” some wholesale products. I’ve even got an exclusive in the works which has done very well and should do really well during the holidays. I’m in the process of working on orders for wholesale products that I will need to have large qty in stock during the holidays.
I had a few retail arbitrage products that sold extremely well last year. I’m on the hunt right now to find a wholesale source.
The Stock Up Issue
The issue (for some of us) is money. AND how much do I buy? If we are thrifting… these are mostly on-off products (you will usually only find one). Buy it all if it looks like you can make a decent profit now, because most of the prices will go up later in the year.
Going deep vs. going wide… I try not to go deep unless I’ve tested the product. I’ve learned my lesson.
That’s my story… and I’m sticking to it…
Next week’s show….
Sourcing For eBay and Amazon Is Different – even thrifting for products to sell on eBay is different than souring for Amazon products. We will be discussing the different ways to look at thrifting for each selling channel.
Listen live to the show Fridays, 2pm ET at http://thriftingforprofit.com/listen