Posted in Inventory, New Office, New Year, Social Media, Sourcing, Time Management

Moving Day!

Here in Central Illinois, we have had high humidity along with heat.  I prefer snow and cold compared to the sauna-like atmosphere.  You literally feel as if you are melting as you get into the car.

Yesterday we began moving into our new office.  We had spent the time, since we signed the lease last week, scrubbing, cleaning and planning where we would put furniture.

We had also hung a few items on the wall; bright colored materials, positive quotes and a few relics reminding us WHO was in control.

As the morning went on, it was not the physical act of moving, but the heat that wore us out.  Rome was not built in a day and neither would this job.

Currently, Jewels for the Pauper is physically in my home, in the new office and tomorrow will be in Michigan. It could be worse.  I’m not sure how…. bit it could be.

We did have a bit of fun while moving.  Photography props can be placed in the passenger seat and you can watch people’s reactions as they drive by :). Then there are the neighbors who look out their windows, wondering if I am moving out.  Hard to say what was funnier!

Tomorrow, I catch a train to Michigan for even more adventures.  Stay tuned!

 

#JewelsForThePauper

 

 

Where everything is fit for a Queen

But

Priced for the Pauper

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Posted in Inventory, Shopping trends, Social Media, Sourcing, Thrift Shops

Sourcing in Appleton, Wisconsin

99 cents a pound, 120 pounds of clothing with several hours of sourcing, ends with one question….

Will it all Fit?

We prepacked our luggage this afternoon, arranged the clothing (along with an IKEA office chair) and it appears we still have room for ourselves and a cooler.  I had a back up option of mailing the items home, but thank goodness it fits.

While sourcing in Wisconsin, we shopped in Illinois.  We’re picking up a TV and Futon up this weekend for the new office.  It looks like the moment we sign the lease, the place will be set up and ready for work by Monday.

Amazing to think that just 6 weeks ago, none of this was our immediate future.  God has a plan and I can’t wait to see what’s up next!!!

 

#JewelsForThePauper

Where everything is fit for a Queen

But

Priced for a Pauper

 

Posted in Inventory, New Year, Sourcing, Taxes

Inventory is Complete!

It looks nothing like the picture above, but it no longer looks like an episode of Hoarders, either.

It took 8 hours to empty all of the boxes, sort, change the labels on the boxes, store them in another room and binge watch THE OA.

I expected to find clothing I had forgotten, clothing that had defects and some mystery pieces.  None of that happened.  I am not sure if that means a have a telepathic memory, or I just got lucky.

What I do have is peace of mind and efficiency, which means a lot when growing this business.  I am constantly trying to find extra time, because I keep running out of it.

As I sit here this with my cup of tea and my Maine Coon kitty in my lap, I have had 2 sales.  It is a wonderful feeling because I know exactly where the items are!

Packaging sales and watching THE OA?  Thank you very much, I believe I will!

 

#JewelsForThePauper

Where everything is fit for a Queen

But

Priced for a Pauper.

Posted in Inventory, Taxes, Time Management, Uncategorized

Time to do Inventory!

The word ‘inventory’ sometimes conjours up memories of the past, depending on what is on your resume before you left the rat race and became your own boss.  I was in retail grocery, so mine is coming to work in the dark, before the store opened.  I had massive amounts of caffeine of every form, in each hand.  Once there, my handy notebook had last month’s Inventory, a spreadsheet to fill out, my bills for the month, calculator and pen.  The picture above is how much inventory I felt I would be counting, when in fact it was much less than that.

Disclaimer -The advise I am giving is from my personal experience.  I am not an account nor a financial advisor so please seek one out because what you read in the internet is not always accurate.

I do inventory once a year.  I’m not running an Anchor EBay Store, but am spread out on EBay, Etsy, Poshmark and Amazon.  I have listed and unlisted inventory.  Thankfully, I do not have a storage unit, but I can honestly say that my inventory is in 5 rooms of my 3 bdrm, 1.600sf home.  So, my inventory count will take one full day and I am allowing myself a pajama day!

Here are some general tips that will hopefully make your inventory day easier:

  • Clear out an entire day in your Happy Planner to do this.  This is something you do not want to start, stop and start again.
  • If you start Monday morning at 8am, your ending day should be Sunday at midnight.  Anything you have sold from midnight and throughout the day should be counted as unsold inventory.  This is so you and your accountant are not confused on your count.
  • You need to know the amount you paid for the item.  As reseller, most of the time we usually can remember where we found the item and what we paid for it.
  • The best way to decide how much your items are worth is through sold comps.  This is especially true if we have a relationship with the item. Do not romanticize on how much you would love to sell the item for.  Force your fingers to do the walking through Google.
  • If you decide you are going to throw away the item or donate, you do count this item in your inventory.  Remember, what you had at midnight is what you are counting.  Just be sure to write down your total of items thrown out or donated so that you can claim that on next year’s taxes.
  • Today is NOT the day to change where you put things or change your tracking system.  I know it sounds like killing two birds with one stone.  The only thing it will kill is you, after you forget if you counted this item or not.  Focus on one thing.
  • Be prepared to be amazed at the items you find and either forgot you had or realize it isn’t listed for sale.  This part never frustrates me as it is like a secret sourced stash that you can list on a rainy day.

I would love to know if any of this helped you to prepare.  If so, leave a comment.  If you have been enjoying these blogs, just press the subscribe button and you will be notified when I put new content up.

#JewelsForThePauper

Where Items are Fit for a Queen

But

Priced For the Pauper