Bruce and Rhonda Court a Major Retailer! [The Kabbage Chronicles, Day 22]
Ok, so last week we mentioned that we may have an in at a major retailers distribution center. As with saying things like “We are having a baby!” or “I am going to college,” it is a lot more complicated than it sounds. You can’t just waltz in there and buy up their excess inventory … Read more
Kabbage Chronicles Bonus – Homework Edition
Sorry short blog today – four kids with homework = crazy. It went something like this: Zach: Mom, what is the square root of Pi? Seth: What? I thought pie was round! Bruce (from the other room): Roughly 1.7. Me: Bruce, gosh, let me at least get my calculator OUT next time. Zoe: Sarene is … Read more
5 Things the Small Business Bill Can Do For You
In case the buzz all around the Internet hasn’t reached your browser yet, the Small Business Jobs Act bill has passed through the House and is currently headed to Obama’s desk for him to peruse and sign. Now, what does all this hustle and bustle have to do with your small business? Here’s a quick … Read more
The Kabbage Results are In! [The Kabbage Chronicles, Day 21]
Numbers guy Bruce here with the end of the month report. We have had our Kabbage advance for a little over a month now. I wanted to take a look at the performance of Second Bargains. It has been more than the 20% to 30% we originally hoped for… much more! We are very pleased … Read more
The “Extra Mile” Shelf [The Kabbage Chronicles, Day 20]
When we have excess inventory or things that do not sell, our favorite thing to do is bless our customers. We take the smallest items and put them on a special self we call “the extra mile” shelf. It is the shelf we use to say we appreciate you or thank you or forgive us … Read more
Are You Selling Illegal Items Without Knowing It?
Your online toy store has thousands of little trinkets available to customers. Of course, it’s hard enough keeping track of all the second hand stuff you come across and resell, so every time a new recall hits the airwaves you take note but aren’t overly concerned with it. However, in your stock happens to be … Read more
Bruce and Rhonda and the Mound of STUFF [The Kabbage Chronicles, Day 19]
In our line of work we get a lot of stuff. Good stuff, fun stuff, useful stuff but still it is just that…stuff. From our estimation only about 70% of it sells. The other 30% tends to take up space and lounge around. In a house filled with 8 people excess stuff is an unwelcome … Read more
The Life Cycle of a Resale Item [The Kabbage Chronicles, Day 18]
We thought we would follow the life of a resale item. It sounds so easy to just say “we’ll list it on eBay” or “let’s put up a local classified ad.” But Kabbage relies on our competence as resellers to make sure we make enough profit to repay them and make a profit for ourselves. … Read more
Online Shopper Habits are Changing. Are you Keeping Up?
The face of the marketplace is rapidly changing, potentially more than you even imagine. Recent studies have shown over 80% of all consumers are making their purchases online. With the holiday season coming up, the trend is bound to have some impact on your online business, especially if you’re in the business of selling entertainment … Read more
Bruce and Rhonda and the Big Ticket Items [The Kabbage Chronicles, Day 16]
Today was not an amazing sales day. We sold maybe three or four items, small ticket items. Then someone who bought one of our big ticket items wanted to return it because it did not fit his car. Since we did offer returns within 7 days we asked him to go ahead and send it … Read more
