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is it Hoarding or Inventory Control?
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pie4himm



Joined: 21 Mar 2007
Posts: 438

Posted: Fri Feb 03, 2012 2:43 am    Post subject: is it Hoarding or Inventory Control?  

if a guy has warehouses full of product, then would this be considered hoarding? or just inventory management? watched Jim Bakker the other day on tv and he was making out hoarders as being mentally unbalanced?, and even had a short segment in his show showing hoarding in action with great disarray, boxes of junk in a shoppe scattered haphazardly and saying it was a sin basically... then I though about my warehouse and basically piles of boxes of product waiting to be sold, and thought there really is not much difference between hoarding and warehousing?... thoughts? could we all be deranged?
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gooddealsbooks



Joined: 08 Mar 2007
Posts: 1113

Posted: Fri Feb 03, 2012 2:55 am    Post subject: Re: is it Hoarding or Inventory Control?  

who are we to say what other people do with what they own?
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things4u



Joined: 21 Jan 2007
Posts: 1580

Posted: Fri Feb 03, 2012 4:08 pm    Post subject: Re: is it Hoarding or Inventory Control?  

inventory is one thing hoarding is another
if you buy for the purpose of re sale you should have some semblance of order so you know what you have and can sell it at the prime time to liquidate it and have the containers marked with what it contains so you can make your profit before it looses it's consumer appeal and the profit is minimized, that is inventory control at least that is what I understand it to be from my experience and working for retailers and wholesalers.
Hoarding is when you just accumulate a mass of products and shove them in a warehouse and don't mark the containers and really have no clue as to what is there even though you know you have some but don't know how much or where it is and when you finally locate it, the sale of it will be slow and minimal profit return on the investment.
it is like buying last years products then, as we all know that everything is constantly changing and new old stock sells but profits are minimalized to where you might get 70 -90 precent less for them, :?: can you make a living on 10 - 30 precent after expenses ???
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pie4himm



Joined: 21 Mar 2007
Posts: 438

Posted: Fri Feb 03, 2012 8:07 pm    Post subject:  

all my stuff is neatly indexed and shelved on professional grade storage racks and for a minute there, I was getting a feeling you might be getting some preconceived idea I was a hoarder? I would bet my profit margin is better than yours thanks to my years of experience in this field..
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pie4himm



Joined: 21 Mar 2007
Posts: 438

Posted: Fri Feb 03, 2012 8:13 pm    Post subject:  

but theoretically a seller with the best of intentions but without the foresight to stay on top of sales trends, could wind up with piles of unwanted and unsellable products(think beanie babies) and no matter how neatly piled and indexed could by definition be a hoarder? unless they are taken to a landfill some day?
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pie4himm



Joined: 21 Mar 2007
Posts: 438

Posted: Fri Feb 03, 2012 9:49 pm    Post subject:  

I've got a ton of 78's that sit, & I'm waiting for them to make a "comeback" (they sold well 10-12 years ago) and by definition if I don't move them soon, will become a hoard.. can't stand to think about making the dreaded trip to the landfill with them when there's a chance they will make a "comeback?..
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things4u



Joined: 21 Jan 2007
Posts: 1580

Posted: Sat Feb 04, 2012 4:35 pm    Post subject: Re: is it Hoarding or Inventory Control?  

theoretically hoping to have some thing that will make a come back is like hoping that your going to win the lottery with a ticket from 5 years ago.
Selling as a business you buy merchandise and turn it in a short time to make the highest profit and if it doesn't sell you reduce the price and move it out or take an offer on it as a lot and hope you break even if that doesn't work you just take a write off and destroy it or land fill it.
returning or holding inventory for a comeback is more akin to hobby selling.
As the years have progressed the vintage antique market has gone soft because most don't collect or see a premium value in something old Yes there some things that have held their value but for the most part the market bottomed when there was a glut of items thrust in to the market place as every one wanted a piece of the pie and as time went on greed set in and prices fell as items were sold undervalue or the scarcity of things wasn't found to be as many of the same items surfaced from attics, basements, storage lockers, estate sales and were sold at auction for a quick few bucks because if you offered your item for say 35.00 and someone else had the same thing and wanted to make a quick sale they sold for 30.00 and got the sale thus making the market less of a viable source for income and most collectors all took to the quick buck style of selling as they didn't want to have merchandise waiting for a price resurgence that will not come in their life time.
Things are only worth what the buyer will pay and buyers will not pay msrp on something unless it is the newest latest greatest techno gadget and with in days after release the price falls and profit is minimized from that point on.
there are Very few things that have antique value for consumers today, it can be appraised for thousands or millions but it is only worth what some one will pay for it and most buyers won't pay any where near what appraised price is and your lucky if you get 50 % of that.
I am not young enough to know everything But I know how to make a buck :lol:
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cohibastore.com



Joined: 15 Sep 2006
Posts: 5138

Posted: Sat Feb 04, 2012 7:12 pm    Post subject: Re: is it Hoarding or Inventory Control?  

if anyone has seen american pickers the difference between hoarder and dealer/collector/preserver are obvious.

if your house is clean and safe but your barns are overflowing, you're not a hoarder.

but if your home is impossible to move around in, unfriendly to guests and a fire hazard, you're definitely a hoarder.

some dealers/collectors suffer from delusions of their items value. but if you have cheap space, keeping 78s for a future resurgence in price is just fine. if they take up every room of your house, fill the bath tube and block the steps, you have a problem.

i have a few things i simply cannot pitch becuase of sentimental value, or becuase of some nostalgic whim, but i refuse to let it take over.

but if i had a secure barn or outbuilding, i sure would have lot more. you can always fill the space.
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seewhatimsellingnow



Joined: 29 Feb 2008
Posts: 1697
Location: Ohio

Posted: Sat Feb 04, 2012 9:47 pm    Post subject: Re: is it Hoarding or Inventory Control?  

I probably do not qualify as a 'Hoarder' :lol: as I DO have a clean house, and my barn could hold a LOT more 'stuff'.

Speaking of American Pickers- I would NEVER miss that show- Just LOVE Mike, Frank and Danielle and it would be a dream-come-true to go 'pickin' with them!

I do think that some things SHOULD be held onto, I have taken so many things from my barn and sold them- at a higher price than I had originally listed them for, years ago. Some things will NEVER increase in value- Since Ebay came along, the values have dropped on SO many things...Barbie dolls, Precious Moment figurines, Avon bottles, and so much more!

But we should NOT be so quick about getting rid of our items when they don't sell the first or second time around. Think of your listings as 'Walmart' (okay, that's a stretch) but if they put an item on the shelf and it was still there for weeks- they wouldn't get rid of it. Sooner or later, someone will buy it. I list an item for 20 cents and it runs for a month- when it expires, I just put it back on- Eventually, the right person finds it and it sells! I can run it for five months for a dollar...Why not?

Also- don't put away your 'seasonal' items...they sell all year 'round. Selling Christmas items is July is quite common. Actually, I JUST sold an EASTER and a XMAS garden flags!! Winter coats sell in the summer time and bathing suits and sandals sell in the winter! It's always cold or hot somewhere...

You may have an antique or vintage figurine that you feel is worthless- but it could well hold a sentimental value for someone out there- something they remember from their childhood.

It always pays to check what you're planning on listing- in the actives AND the completeds before listing- If 75 Mickey Mouse pillows are listed, and 30 have ended unsold...that might be something you pitch. :lol:
Betty Lou

I HAVE learned NOT to hold onto things when there are hundreds of the same item listed-
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cohibastore.com



Joined: 15 Sep 2006
Posts: 5138

Posted: Sat Feb 04, 2012 10:36 pm    Post subject: Re: is it Hoarding or Inventory Control?  

seewhatimsellingnow wrote (View Post): › docWrite("quote")But we should NOT be so quick about getting rid of our items when they don't sell the first or second time around.

Many sellers don't have the patience, experience or courage to hold out for the right price.

The daily market price for something could be $20. But the one guy whose willing to pay $50 might not check ebay every week, and if you sell it for $20 today, it won't be there to sell to them for $50 next week.

Some items are best left in a store with a buy-it-now price, or re-listed continually with a higher opening bid. (Under you spare ebay ID that gets free auction listings obviously.)

As you noted sellers need to research A&C and rare stuff sold prices first. If there's no previous sales and no obvious market, it may need to go into the barn for a few years.
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seewhatimsellingnow



Joined: 29 Feb 2008
Posts: 1697
Location: Ohio

Posted: Sat Feb 04, 2012 11:42 pm    Post subject: Re: is it Hoarding or Inventory Control?  

I very, very seldom list Auction style..Normally if I do- it will go at opening bid...but, believe it or not- I've had a couple of 'bidding wars' on an item Remember Bidding Wars? LOL-

Sometimes, if I don't WANT an item to go at opening bid- and there are no bids...I will remove it- and relist it at a higher fixed price for 30 days. Especially if I see there have been only a couple of 'views' on the item.

I JUST today & yesterday sold two items that were on their second 30 day go-round. Now what if I had pitched those items when they didn't sell in a month? :shock: You just never know.... Betty Lou
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pie4himm



Joined: 21 Mar 2007
Posts: 438

Posted: Sun Feb 05, 2012 8:05 pm    Post subject:  

the best eBay selling strategy as earlier pointed out, seems to be having a few (maybe up to 25% of listings) in auction format to drive sellers to your BIN listings generally set at full retail price based on comparables.. but if I have a one-of-a-kind item I will run it at auction instead of BIN starting at a "safe" send in price and let them fight over it.. I still get bidding wars if I have that kind of item..
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cohibastore.com



Joined: 15 Sep 2006
Posts: 5138

Posted: Thu Feb 09, 2012 1:49 am    Post subject: Re: is it Hoarding or Inventory Control?  

here's a twist i have found useful that didn't involve me giving stuff away. (keep in mind most of my stuff is new, easily restocked goods.)

1 - determine the price i need sell an item at to make fair profit taking the market into account.

2 - create the BIN listing based on this price, adding the free shipping costs and ebay/PP fees, then add 10%

3 - create a similar auction listing for the same item with an opening bid that does not include the free shipping or the extra 10%, and remove the free shipping from the listing. this makes a listing that's still profitable, but shows with a lower opening bid and rotates through the best match system faster and more often than a 30 day BIN. set automation rules to run forever.

it costs slightly more to run this way, but the increase in sales was worth it. obviously for items that don't increase in sales i stop running the auctions. some old dogs you can't stimulate.
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seewhatimsellingnow



Joined: 29 Feb 2008
Posts: 1697
Location: Ohio

Posted: Thu Feb 09, 2012 1:57 am    Post subject:  

That's a good plan, but unfortunately, this will not work for sellers like myself- who sell a variety of one of a kind items. We can't list one item two different ways at the same time. Betty Lou
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homebusinessman



Joined: 31 Jan 2012
Posts: 15

Posted: Fri Feb 10, 2012 5:26 am    Post subject: Re: is it Hoarding or Inventory Control?  

Hoarding to me is just getting and holding onto items without the intent of using them, giving them away, or selling them. With eBay, I can sell anything or almost everything that turns a profit. I may get things that I don't get around to selling for months. It doesn't mean I am hoarding. It means, the moment for the sale has not arrived.

Have you ever gone to the San Jose, California Flea Market? There are sellers there that just stuff their storage sheds (stores) with stuff. They open it up the next day for the sale. Are they hoarders? No. There was an auctioneer there that would get a bunch of stuff and put it in a big area. If they didn't sell, he would throw a tarp over it to protect it at night. That looks like hoarding, because it is a mess, but it isn't. It is the nature of the business.

My deal is, if it doesn't look like it will sell on eBay, I toss it in the garage. Then I have a garage sale. If it doesn't sell at the garage sale, I call the Salvation Army for a pick up. There is a lot of stuff, but I don't think it is hoarding. My wife does though. I hate that hoarding show. I am not a hoarder. Are you?
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