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State Of The Antique & Collectables Market - 4th Quarter 2016
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<p>[QUOTE="verybrad, post: 186851, member: 37"]Containing costs is imperative. By far my primary expense in the brick and mortar aspect of my business is rent (Group shop so that includes clerking, etc.). The only way I can make it work is to pay very little for anything. If I can't mark something at least 3X, I don't buy it and usually work on a larger mark up than that. I probably pull as much merchandise as I sell to keep the inventory fresh. I rotate some of it back in but still have a large stock of unsellable merchandise. I intend to do some flea markets and have sent stuff to auction in the past. I fortunately have plenty of storage space at home so don't have to pay for that. </p><p><br /></p><p>Ebay sales have become unreliable. Despite having been a significant portion of my business in the past, I have to consider anything I sell there a bonus these days. It is kind of a vicious circle. If I work it harder, I do make more but the return has diminished in relation to the effort put in. Consequently, I have made a conscious choice to work it harder in the Winter months when I have more time and the chance of return is greater. Have to work smarter rather than harder if you can.[/QUOTE]</p><p><br /></p>
[QUOTE="verybrad, post: 186851, member: 37"]Containing costs is imperative. By far my primary expense in the brick and mortar aspect of my business is rent (Group shop so that includes clerking, etc.). The only way I can make it work is to pay very little for anything. If I can't mark something at least 3X, I don't buy it and usually work on a larger mark up than that. I probably pull as much merchandise as I sell to keep the inventory fresh. I rotate some of it back in but still have a large stock of unsellable merchandise. I intend to do some flea markets and have sent stuff to auction in the past. I fortunately have plenty of storage space at home so don't have to pay for that. Ebay sales have become unreliable. Despite having been a significant portion of my business in the past, I have to consider anything I sell there a bonus these days. It is kind of a vicious circle. If I work it harder, I do make more but the return has diminished in relation to the effort put in. Consequently, I have made a conscious choice to work it harder in the Winter months when I have more time and the chance of return is greater. Have to work smarter rather than harder if you can.[/QUOTE]
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