March Report

 

My March Board! Yikes! What a mess. If I remember correctly, I was going to give up sourcing for Lent. Because I love Sourcing. But, what was the point? I would have been harming my business and that is not a sacrifice I think God would want. I blew off Lent, but will think hard about making a sacrifice in the near future not so much to honor Lent, but to honor the Creator and all the good things he has bestowed on me.

Okay, so I spent a whooping  871$

I netted 1012$ from Ebay

I netted   554$ from Merc

I netted   0       from Face book Market place.

Total      1566 total

Source   871$

Net Net    695$

I sold 66 Items

I had 11 returns

net     55 items @ average profit of 28.47$

Damn those returns. That was a fiasco. She ordered all these items from me in the middle of the night and then messaged me and complained that the shipping was SO high on so many items. She actually purchased 13 items (oh no!! Unlucky 13!) So I cancelled every jewelry item (10 total) and then bundled them together and told her I would pay shipping and lowered the bundle by 50 bucks. What was I thinking? I was so thrilled to have such a big order. The amount was 200$ The other three items I just sent regular and let her pay. Then she wanted a Barbie ornament. Once again, thrilled by the size of this order (mind you, not my biggest money order, but the total item count to one person) I told her I would gift the Barbie Ornament.

Once she received the jewelry she began to complain. Three of the items were missing jewels -  well duh, that is how it was listed, as a lot of broken fantastic jewelry to be repurposed or repaired. Then she said one of the rhinestone sets included a replacement rhinestone and was sloppily installed. ??? So she wanted a 40$ refund. Then she decided she wanted to return it all. That she was a reseller and that she was excited about the Weiss that was included but was missing a leg. Once again, part of the repurpose set. I concluded she must have been drinking that night and ordered all this stuff while high. Buyers remorse.

What could I do? I accepted the return and will re-list everything. That lowered my net net buy approximately 165. 

Another return on an Ebay order of the Harrods cream and sugar. My bad on that one. The sugar jar had a tea pot lid. Now I know! I'll relist that one too and perhaps look for a replacement lid. 

I failed to include the COG on the 555$ I am in the dark actually about that. Some of the items were good profit, but I can't get a true handle on it.

That should be my focus going forward. Pay attention when listing, the COG. I really need a better spread sheet other than just my notebook, which by the way, I have misplaced!