Hope you all had a great weekend. I figured I would put out an announcement to help those who are struggling to make sales.
While we have sold lots daily on LYSTIT, I've seen that many of you have lots that are sitting. There are a few reasons why.
Number one reason is the inventory being listed isn't valuable to this buyer base. Every single lot that has sold has gone to a buyer who resells on sites like ebay and Poshmark. That means if your lot isn't marketed to that buyer base, or has inventory that sells well on those platforms, the lot isn't going to sell. Lot's with lower end mall brands or department stores, graphic TShirts, and things of that nature are going to be hard to move. Once we get a whatnot buyer base, I think that will change.
Also, price your lots to where the buyer can at minimum double their investment AFTER shipping costs. Example, if the price of the lot is $250 with $70 shipping but the resell value is only $500, after the buyers fees this wouldn't be a good purchase. We've seen the quickest selling lots have had a minimum of a double up after all costs.
Lastly, discount or delete lots that have not sold in over 30 days. These discounted and fresh listings will help motivate buyers to come back and get the deals!
On another note, we will be selling Wholesale Lots of Patagonia and North Face within the next few weeks. This will bring a ton of attention to the site. So I would get your best lots posted now. As we bring in customers looking for our wholesale, they will also see other lots for sale too, leading to everyone making sales.
Christmas time LYSTIT will be booming! We appreciate you all!
Established in July 2024 • Owned by KayWayShop
A Live Marketplace Connecting Buyers and Sellers Through the Power of Social Media! Focusing on selling wholesale directly to sellers!
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