I’ve had a burst of energy lately to sell some items on Craigslist and eBay. This month I sold 5 clothing items on eBay that were ready to go to Goodwill. Not to worry, the Goodwill bags are still full of treasures to donate, but I cherry-picked a few items to see what kind of money I could net.
I started a spreadsheet to gauge my net profit, and the spreadsheet has pointed out some of my shortcomings.
I sold 5 items for a gross of $ 60.00 excluding the shipping fees I collected. However, when I look at the shipping costs I collected compared to my actual mailing costs, including materials, that is an additional $ 8.00 I have to deduct from my gross. So my net was about $ 10.00 per item. Definitely worth doing, but I do think I need to rethink my shipping pricing.
Issue 1: If you have a clothing item under 13 ounces, you can ship first-class, but you also have to pay for your shipping envelope and possibly .90 extra for tracking. Total cost to ship is around $ 5.50.
Issue 2: If you are over 13 ounces, you are looking at Priority Mail, which gives you a free envelope or box to ship in, and free tracking, but Priority Mail is running $ 6.85 for many of the heavier kids’ clothing items, like jeans.
Any experienced sellers out there with an opinion on whether it is difficult to sell a kids’ clothing item with a $ 6.85 shipping charge? I think my own frugal nature ($7.00 shipping?!?) prevents me from seeing the shipping charge in the way others might.
Some items, such as a pair of women’s Chicos pants, have sold at high enough prices that the shipping shortfall isn’t so troubling. When you are selling a pair of GAP kid’s jeans for $ 4.50, having to chip in for shipping eats into the profit pretty quickly.
Selling on eBay is one area where having a hard-core frugal mindset is working against me. I can’t imagine paying $26.00 for a pair of used pants and paying $ 6.00 shipping on top of that. Clearly, I am in the minority, because I had a number of bidders on the Chicos pants. I am having a hard time imagining what buyers might be willing to pay, and may be undervaluing my offerings. I do want to sell the items though, and not have them hanging around so that I can earn an extra dollar or two.
I welcome any input or advice you might have!