Tag Archives: thrifting

One Page Workflow – CD’s

I have been thinking a lot about processes and streamlining. Having an established process helps you to eliminate sticking points, and allows you to train your replacement. It also eliminates the number of decisions you have to make each day, which allows you to focus on better and bigger decisions. In part inspired by the Four Hour Workweek, and in part by the E-Myth Revisited, here is my one page CD workflow for resellers.

Before you start:
-Determine your low price threshold. 19.99 is a good one for most prices at most sources. You may elect to use a formula (3x price + 2$ as an example), but I find just setting a floor to be an easier strategy.
-Determine your level of comfort for sales rank. Higher sales rank = sells less often.
-Print the condition guidelines for CD’s, keep them near your desk.
-Look up professional CD refinishers on Ebay. You can get good prices when you do them in bulk. This also allows you to add the words “Professionally refinished” to your description, and guarantees that the CD is functional. (For more information about faulty CD’s, check out the article on pin-hole faults due to age.)
-Have some new empty CD cases standing by. This is optional, as you can sell CD’s with cracked cases. Buying them in bulk saves you money and increases the quality of your product.
-Decide on your pricing strategy. If you use a repricer, set the levels now. If you prefer to manually price them, jot down your way of thinking when you set the price. This allows you to standardize your pricing, and not make individual decisions for every CD.

Now it is time to find some money!!

1) Go to your source – for CD’s, I find thrift stores, Goodwills, Salvation Army’s, and estate sales to be the most profitable. You should track your mileage, costs, and profitability of each source. There are multiple programs that help with this. You can also just keep a spreadsheet.
2) Scan them for potential profitability – I use Scanpower right now, but any scanning program would work.
All ones with a purchase price of $19.99 (or your floor) or more, with whatever sales rank you are comfortable with, go in the cart.
3) Visually inspect, if any scratches whatsoever, place them in groups of 100 and get them professionally refinished. You can find someone through Ebay for about $1.00 – $1.50 per CD.
4) Rematch CD’s with cases and list. You can use whatever scanning or listing program you prefer.
5) Attach labels. (Optional, you can use Amazon’s labeling service for a small fee.)
6) Send in boxes to Amazon.
7) Profit.

Now obviously, each one of these steps can be broken down into much smaller chunks. If while reading the steps, there is something you are not familiar with, now is the best time to ask questions. If there is something you are not familiar with, such as sales rank or refinishing, then it is time to do a little research. If you have specific questions, you can contact us at amusingtreasures@gmail.com.

Once your processes are smooth, you can outsource, eliminate, or delegate these tasks to someone else. Remember, it is the processes that make your work easy or hard. Take the time to establish good habits and groundwork, and it will pay large rewards in the future.

Yard Saling Tips – Before you get in the car.

It is Friday night. If you are like us, you are looking forward to a weekend of people basically giving you money, in the form of getting excellent deals at local yard sales. Here are a few quick tips that will help you to get the most bang for the buck, keep your paperwork in order, and find the best deals ever.

Preparing to go out.
The first thing to do is plug in any and all devices that you need to assist you while you are out sourcing your products. Plug in your cellphone, tablets, barcode scanner (link), GPS (if you are not using your cellphone or tablet), and anything else that you might need. You should have a backpack in your car with the following items, that is on standby for storage auctions or yard sales.

Backpack – Sunscreen, bugspray, Notepad (in case your batteries die), 2-3 padlocks with keys, and some water.

The tool that I like to use is “Yard Sale Treasure Map” (YSTM). This is an excellent application for Android (link) (and iphone?) that imports all of the yard sales listed in your local Craigslist area and puts them into Google Maps. It includes functions that allow you to add your own sales, and even optimize your route so that you hit the most sales. This tip alone means that you will hit the most yardsales that you could possibly find.

I recommend that you use your local Facebook groups to find more sales and add them to your map. Search Feedback for your area (using both city and county names). Add the words resale, thrift, yard, deals, etc. Find some groups with active participants and add those addresses to YSTM. This will help you find even more sales that are not listed on Craigslist. When the addresses are all entered, click Optimize.

You now have a list of great yard sales, that you can search by keyword, and the proper tools to analyze the deals that are available. Look for future articles on methods to get the best bargains while you are out shopping.