21 Item Personal Challenge and Joining the Ultimate Listing Challenge

Sep 02

21 Item Personal Challenge and Joining the Ultimate Listing Challenge

I continued listing all last Saturday and as of today (8/27) we have 90 active listings in our eBay store and over 200 items on Amazon. I’m proud of all the work that Scott and I have done over the past week in working towards our goal of 500 items listed.

We’re going to be changing this up a bit in September, though, because we’re joining Danni Ackerman’s (The Danni App) Ultimate Listing Challenge. If you’re an eBay seller or maybe you want to get started, this is a great time to do so and be inspired and motivated with other sellers. If you want to sign up for the Ultimate Listing Challenge, you can do that at the Ultimate Listing Challenge homepage.

This challenge is more than about numbers of items. The goal is to be profitable and work towards what you want to make on eBay each month. We want to set money goals.

The idea is based on the 3x rule. If you want to gross $1,000 a month, you need to list $3,000 in items. Then we’ll break down what dollar amount needs to be listed each day to reach that goal.

Scott and I have a small goal of $500 to start. That means we need to list $1500 during September. That’s $50 day or $350 each week.

This means we’re rethinking the items we’re listing. We won’t be listing clothing and books in September. We’ll be listing items for $35 or more, so we’ll have to be pickier on the items we list. And since we don’t have a running vehicle right now, we’re limited to what we already have in our home and storage unit. I guess it’s a good thing I went sourcing as much as I could over the past few months. Now we just need to get them sorted, researched, and listed.

This is where research will play a large part, especially with items I don’t know a lot about, like golf clubs.

I start research by searching for the product on eBay and using completed listings as a guide. Some people use a paid service called Terapeak. I’ve never used it, but eBay goes back 60 days so I believe I’m getting a good range of prices and information about the items. By looking at the completed listings, I also get ideas for keywords to use in my own listing and ideas about photos for the listing. Can I take a better photo? Can I provide measurements where someone else didn’t? How can I set my listing apart?

The Ultimate Listing Challenge started on 9/1, but you can still sign up and get your eBay business started today. I hope to see you on the Listing Challenge’s Facebook group as well.

Are you an eBay seller? What are your goals in the Ultimate Listing Challenge? Let me know in the comments or get in touch on Facebook or Twitter.

 

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