Low End Lot
While there were several high-dollar items in my box, about two-thirds of the patterns were just run-of-the-mill vintage patterns; McCalls and Simplicity ladies' patterns from the 50's and 60's. Simplicity is probably the most common and least valuable of all pattern brands, and McCalls might come in second. There's a possibility I could have sold these individually, but it would have taken a long time and some may never have sold. And because of Paypal/Ebay fees, it's not worth my time to list something at $5.00 (you end up paying $1 in fees, and if I offer free shipping I only make $2.00). Therefore, I chose to just sell all of these more common patterns in one group. I had 12 watchers and ten bids. Most individual patterns only get a couple watchers and one bid, if that. My low end lot sold for $24.50.
My second lot that sold was a small group of four patterns. These were high-dollar patterns that I had tried to sell individually but was unable to. Two of the four had received some interest, but ultimately no bids. The glove pattern that I thought would be a big hit several weeks ago didn't get any watchers, let alone bids. This was disappointing, but at least it added value to my four-pattern lot. The last pattern in this lot was a Vogue coat pattern that I had not listed before. Unlike all the others, it was a 1960's pattern and not from the 50's. However, I chose to include it in my high end lot because it was a Vogue pattern. All of the patterns in this lot were Vogue, except one Advance pattern. I chose to put the Advance pattern in because it fit the 1950's theme and had received some interest when it was listed individually. My high end lot had four watchers and four bids. It sold for $20.51.
There were quite a few embroidery transfer patterns in my treasure box. After saving the best transfers for myself, I took the rest of them and put them in a lot to sell. This lot didn't get a single watcher, let alone any bids. Apparently vintage iron-on transfers are not a hot item on Ebay. I may do some research and try to sell these individually, or grouped differently. Or I might just save them to use myself. :)
Last week I accidentally sent the wrong pattern to a buyer. Thankfully she was nice about it and sent the pattern back, so I could give it to the correct buyer and send her the pattern she actually bought. However, I did have to pay an extra $5.00 ($3.00 to cover her postage for sending the pattern back, and $2.00 to mail her the correct pattern). In addition, both buyers had to wait two weeks to receive the correct item. I really wouldn't recommend making this mistake.
Oops, I Forgot a Fee
I noticed this week that I have been forgetting to list my Paypal fees in the "expenses" column. In order to receive money through Paypal, you have to pay $0.30 per transaction plus 3% of the total amount. I included this week's fees and also the previous weeks' fees in the "expenses" column below.
The Bottom Line
Low End Lot- $24.50
High End Lot- $20.51
Total Income: $45.01
Pattern Mix-Up: $5.00
10% Ebay Fees- $4.50
3% (+ $0.30 per item) Paypal Fees- $1.95
Previous Paypal Fees- $4.25
Total Expenses: $15.70
Net Profit: $29.31
I only spent two hours listing and shipping my lots. It took less time because I only had to take and edit a few photos, and I didn't have to count pattern pieces or carefully list the details of each pattern. With my high end lot, most of the pictures and information was already done and I just had to copy-paste.
$29.31 divided by 2 hrs = $14.65 per hour
Hey! Finally a decent hourly wage! One more reason I like selling stuff in lots.
Price Per Pattern
Though I technically got less per pattern in lots than selling individually, I did sell the patterns. So instead of selling one of my high end patterns for $10, I sold four patterns at $5 each. This ultimately equals more money for me and less stuff to sit around in my sewing room. Plus after a couple weeks of re-listing, I wasn't sure if my high dollar patterns were actually high dollar.
Likewise, I could have sold a couple of my low end patterns at $5 a piece (even though this is not really worth my time... see above). Instead I sold each pattern for $0.75. I think this is great because some of these patterns were worth NOTHING, or perhaps $0.25 at a garage sale. At any rate, I don't have a box full of patterns I'll never use sitting around in storage.
Coming Next Week:
I'm going to try super hard to sell everything that is left in my treasure box. It will be my last week of selling. Stay tuned!