I decided to try something new. On Friday's I want to open up a Q & A for anyone who needs help. Just post your question and I will do my best to answer it for you. Hopefully by doing this people will be able to get some help for things they didn't really know how to do.
How do you handle your year end inventory for tax purposes?
ReplyDeleteI do a physical inventory and give the numbers to my CPA. Having everything numbered makes it easier to keep track of it. I also do a monthly inventory so it makes it a tad bit easier to deal with at the end of the year.
DeleteWhat bookkeeping software do you use?
ReplyDeleteMainly I use Godaddy Bookkeeping. In addition, I also excel to track cash purchases, mileage and inventory.
DeleteSo you use this dynmo label printer? I have been selling for a long time and recently started selling more items and pushing it. I have been using a simple laser printer and copy paper, I cut out the copy paper and tape to box. It seems to me I would add the expense of the labels to my operation? Is this worth it?
ReplyDeleteOh it is worth it! I used to do the same thing. Think of the time it takes to cut the label and tape it to the box. You also have to figure in the cost of a sheet of regular paper plus the cost of the tape. The labels run about 5 cents per label, and are peel and stick. Your printer paper is probably more than that without factoring in the time and tape. For me it was well worth it. once you use one, you'll never go back to taping a label again!
DeleteI see that you are using WebstorePlace.com to create an off-eBay store. It looks nice. How is this working for you? Also, I noticed that your store ON eBay is different. It has a nice clean look that I would like to recreate for my store. I noticed that another seller has a similar design. Wondering how you did it? Some great info!
ReplyDeleteThanks! The WebstorePlace was something I used just to get a filler for my domain. I do get traffic from it, but it is not my focus for traffic. If you have a store name, it is a good idea to get a domain name and web space for it. It just increases the chances of getting good traffic.
DeleteAs for my store layout, that is the new ebay layout. If you login to manage your store, you should see a link to try the new layout. I'm not sure if it is available to a basic store or not as I am premium. But I would think it is. If you can't figure it out, call ebay and they should be able to get you there.
Yes, I do have a premium store. I did go to Manage My Store and looked and looked but couldn't figure it out. I'll have to look again or call eBay. Thanks for the info!
DeleteHow do you clean the items you sell. How much time do you spend on this? If you see and bad item do you pass or buy
ReplyDeleteIt depends on what it is. Clothes, pretty much what you would think. Shoes, I clean the soles and polish. Misc. stuff I just wipe down so they look good and it removes any spots it may have. As for passing them by, it really depends on the item/brand. I have picked up a few things that looked rough, but I was able to revive them. After doing this for a while I can tell which ones I can revive and which ones are pretty much doomed.
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