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Business Sales Are Bad ---- Please Advice

  • avatar

    by: garcia
    New SaleHoo Member
    7 posts

    Business Sales Are Bad ---- Please Advice

    Posted 13 Dec 10 5:20 pm.


    I invested around 12000 at a women's clothing shop to sell at the flea market.
    The sales are very slow and every month I have to pay rent out of my pocket along
    with gas to get there, food and stuff. My savings account are getting drained and
    I am looking for advice as to what to do. At the rate I am going, I am going to run
    out of money in the next few months. Will my taxes get lowered by the government
    given that I have a shop? I can't keep paying $500/month in rent when I'm making
    $100/month in sales. It's getting insane. Please help as I would like to stay in
    business, but, sales are horrible.

    ------------------------------------------------------
    Mikey

  • avatar

    by: dwmgoods35
    SaleHoo Master Member
    315 posts

    Re: Business Sales Are Bad ---- Please Advice

    Posted 13 Dec 10 5:33 pm.

    Unfortunately this is the reality for most these days. Being in business with this economy is a tough one. Most businesses right now are keeping their money investment to their hips. I was doing some Christmas shopping the other day and noticed at a mall that is typically very very busy this time of year was like a ghost town. that just shows the state of this economy. You say your selling at a flea market, are you also on ebay and other venues?
  • avatar

    by: garcia
    New SaleHoo Member
    7 posts

    Re: Business Sales Are Bad ---- Please Advice

    Posted 13 Dec 10 6:06 pm.

    Not yet. I keep hearing that selling on Ebay is tough with all their fees. If I start Ebay and I don't sell and they charge me high fees, that's gonna kill me. However, I have Sky High Auctions that I got for free when I signed up for salehoo. I'm starting to read it and see if I get a few tips before doing that. I am a little bit desperate to turn a profit and waiting until early next year to see if I get a break from the IRS in my taxes. :(

    ------------------------------------------------------
    Mikey

  • avatar

    by: dwmgoods35
    SaleHoo Master Member
    315 posts

    Re: Business Sales Are Bad ---- Please Advice

    Posted 13 Dec 10 7:15 pm.

    Yeah your right. The ebay fees are really hard to swallow after seeing a chunk come out of your profits. I sell on ebay still but im about done with the selling venue. I have dropped the amount of listings on that site to about 15 listings every 30 days. In the mean-time I and many of ebay sellers are on those free selling marketplaces like Bonanza, eCrater, and eBid etc. At least you dont pay to have your products on the site. Honestly I feel your pain. Im in the middle of jobs due to being laid off and I now try to survive on selling on all these places. Keep your head up and read through all that salehoo has to offer here. I learned alot from being on here even though I still struggle to do really well selling online but with the economy the way it is...lots of people are pulling their hair out to try and make it work.