Discussion Forum: Thread 262424

 Author: Leftoverbricks View Messages Posted By Leftoverbricks
 Posted: Jan 13, 2020 10:53
 Subject: BL will be a lot smaller in the future...
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 Topic: General
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Leftoverbricks (1450)

Location:  Netherlands, Overijssel
Member Since Contact Type Status
Mar 11, 2012 Contact Member Seller
Buying Privileges - OKSelling Privileges - OK
Store: Leftoverbricks
Today's statistics for the whole of Bricklink: there are now 628,462,128
parts for sale by 10.756 stores.

And then there are stores like this one: https://store.bricklink.com/StarEpsilon#/shop
This store has 1,099,949 items in 11 lots available - which makes it the 91-st
largest store in the world. All items for sale are however custom items and made
available on request, so a violation of the BL terms that anything that is for
sale should be at hand.
This store is active since early 2018 but has never sold had a single item.

By allowing these kind of 'shops' the Bricklink data about number of
items for sale is, well, kinda unreliable. This shop is not the only one, there
are dozens of other shops with similar 'fake' (or should I say 'skewed'?)
inventories.

By the way: did you know that only 0.7% of the 10.000+ stores (that is about
70 stores) are responsible for 30% of all sales on Bricklink?
 
 Author: Leftoverbricks View Messages Posted By Leftoverbricks
 Posted: Jan 13, 2020 11:17
 Subject: Re: BL will be a lot smaller in the future...
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Leftoverbricks (1450)

Location:  Netherlands, Overijssel
Member Since Contact Type Status
Mar 11, 2012 Contact Member Seller
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Store: Leftoverbricks
Another nice example. Half a million of the same plates - they must have been
filling hundred PAB cups to get this amount of bricks.
But only 35 sales in the past 6 months.
 
 Author: randyf View Messages Posted By randyf
 Posted: Jan 13, 2020 11:22
 Subject: Re: BL will be a lot smaller in the future...
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randyf (381)

Location:  USA, Ohio
Member Since Contact Type Status
Sep 16, 2009 Contact Member Seller
Buying Privileges - OKSelling Privileges - OK
Store Closed Store: The Bricking Spectre
BrickLink Inventories Administrator (?)
One of those numbers already changed significantly due to them scrubbing hundreds
of thousands of inactive accounts:

https://www.bricklink.com/members.asp

"There are 794,595 registered members."

Cheers,
Randy

In General, Leftoverbricks writes:
  Today's statistics for the whole of Bricklink: there are now 628,462,128
parts for sale by 10.756 stores.

And then there are stores like this one: https://store.bricklink.com/StarEpsilon#/shop
This store has 1,099,949 items in 11 lots available - which makes it the 91-st
largest store in the world. All items for sale are however custom items and made
available on request, so a violation of the BL terms that anything that is for
sale should be at hand.
This store is active since early 2018 but has never sold had a single item.

By allowing these kind of 'shops' the Bricklink data about number of
items for sale is, well, kinda unreliable. This shop is not the only one, there
are dozens of other shops with similar 'fake' (or should I say 'skewed'?)
inventories.

By the way: did you know that only 0.7% of the 10.000+ stores (that is about
70 stores) are responsible for 30% of all sales on Bricklink?
 Author: Hygrotus View Messages Posted By Hygrotus
 Posted: Jan 13, 2020 11:35
 Subject: Re: BL will be a lot smaller in the future...
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Hygrotus (830)

Location:  Poland, w. Wielkopolskie
Member Since Contact Type Status Collage
Feb 3, 2011 Contact Member Seller
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Store Closed Store: The Insect Store
BrickLink Catalog Associate (?)
In General, Leftoverbricks writes:
  Today's statistics for the whole of Bricklink:

As they say
"Statistics are a highly logical and precise method for saying a half-truth inaccurately"
 Author: randyf View Messages Posted By randyf
 Posted: Jan 13, 2020 11:53
 Subject: Re: BL will be a lot smaller in the future...
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randyf (381)

Location:  USA, Ohio
Member Since Contact Type Status
Sep 16, 2009 Contact Member Seller
Buying Privileges - OKSelling Privileges - OK
Store Closed Store: The Bricking Spectre
BrickLink Inventories Administrator (?)
In General, Hygrotus writes:
  In General, Leftoverbricks writes:
  Today's statistics for the whole of Bricklink:

As they say
"Statistics are a highly logical and precise method for saying a half-truth inaccurately"


Did you know that 57% of statistics are made up on the spot?
 Author: BrickCompulsion View Messages Posted By BrickCompulsion
 Posted: Jan 13, 2020 12:15
 Subject: Re: BL will be a lot smaller in the future...
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BrickCompulsion (1078)

Location:  United Kingdom, England
Member Since Contact Type Status
Mar 16, 2016 Contact Member Seller
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Store Closed Store: Brick Compulsion
In General, randyf writes:
  In General, Hygrotus writes:
  In General, Leftoverbricks writes:
  Today's statistics for the whole of Bricklink:

As they say
"Statistics are a highly logical and precise method for saying a half-truth inaccurately"


Did you know that 57% of statistics are made up on the spot?

Only 82.5% of readers will believe that
 Author: TheBrickGuys View Messages Posted By TheBrickGuys
 Posted: Jan 13, 2020 22:09
 Subject: Re: BL will be a lot smaller in the future...
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TheBrickGuys (9194)

Location:  USA, California
Member Since Contact Type Status
Dec 18, 2010 Contact Member Seller
Buying Privileges - OKSelling Privileges - OK
Store: TheBrickGuys
In General, BrickCompulsion writes:
  In General, randyf writes:
  In General, Hygrotus writes:
  In General, Leftoverbricks writes:
  Today's statistics for the whole of Bricklink:

As they say
"Statistics are a highly logical and precise method for saying a half-truth inaccurately"


Did you know that 57% of statistics are made up on the spot?

Only 82.5% of readers will believe that

And this is a good two.
 Author: Adjour View Messages Posted By Adjour
 Posted: Jan 13, 2020 13:02
 Subject: Re: BL will be a lot smaller in the future...
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Adjour (654)

Location:  USA, California
Member Since Contact Type Status
Aug 1, 2016 Contact Member Seller
Buying Privileges - OKSelling Privileges - OK
Store: The Chili is a Bit Spicy
In General, randyf writes:
  In General, Hygrotus writes:
  In General, Leftoverbricks writes:
  Today's statistics for the whole of Bricklink:

As they say
"Statistics are a highly logical and precise method for saying a half-truth inaccurately"


Did you know that 57% of statistics are made up on the spot?


"The problem with internet quotes is that you can't always depend on their
accuracy"

~Abraham Lincoln,
 Author: Leftoverbricks View Messages Posted By Leftoverbricks
 Posted: Jan 13, 2020 13:16
 Subject: Re: BL will be a lot smaller in the future...
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Leftoverbricks (1450)

Location:  Netherlands, Overijssel
Member Since Contact Type Status
Mar 11, 2012 Contact Member Seller
Buying Privileges - OKSelling Privileges - OK
Store: Leftoverbricks
In General, Adjour writes:
  In General, randyf writes:
  In General, Hygrotus writes:
  In General, Leftoverbricks writes:
  Today's statistics for the whole of Bricklink:

As they say
"Statistics are a highly logical and precise method for saying a half-truth inaccurately"


Did you know that 57% of statistics are made up on the spot?


"The problem with internet quotes is that you can't always depend on their
accuracy"

~Abraham Lincoln,

The numbers I mentioned are not fake data or things I’ve read. They are based
on statistical data that I collected and analyzed in Excel.
 Author: Adjour View Messages Posted By Adjour
 Posted: Jan 13, 2020 13:53
 Subject: Re: BL will be a lot smaller in the future...
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Adjour (654)

Location:  USA, California
Member Since Contact Type Status
Aug 1, 2016 Contact Member Seller
Buying Privileges - OKSelling Privileges - OK
Store: The Chili is a Bit Spicy
In General, Leftoverbricks writes:
  In General, Adjour writes:
  In General, randyf writes:
  In General, Hygrotus writes:
  In General, Leftoverbricks writes:
  Today's statistics for the whole of Bricklink:

As they say
"Statistics are a highly logical and precise method for saying a half-truth inaccurately"


Did you know that 57% of statistics are made up on the spot?


"The problem with internet quotes is that you can't always depend on their
accuracy"

~Abraham Lincoln,

The numbers I mentioned are not fake data or things I’ve read. They are based
on statistical data that I collected and analyzed in Excel.


It was a joke in response to Randy, and it had nothing to do with your OP. Lighten
up.
 Author: TheBrickGuys View Messages Posted By TheBrickGuys
 Posted: Jan 13, 2020 22:08
 Subject: Re: BL will be a lot smaller in the future...
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TheBrickGuys (9194)

Location:  USA, California
Member Since Contact Type Status
Dec 18, 2010 Contact Member Seller
Buying Privileges - OKSelling Privileges - OK
Store: TheBrickGuys
In General, randyf writes:
  In General, Hygrotus writes:
  In General, Leftoverbricks writes:
  Today's statistics for the whole of Bricklink:

As they say
"Statistics are a highly logical and precise method for saying a half-truth inaccurately"


Did you know that 57% of statistics are made up on the spot?

Now that was a good one.
 Author: popsicle View Messages Posted By popsicle
 Posted: Jan 13, 2020 13:33
 Subject: Re: BL will be a lot smaller in the future...
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popsicle (5756)

Location:  USA, Washington
Member Since Contact Type Status
Feb 21, 2006 Contact Member Seller
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Store Closed Store: ConstrucToys
In General, Leftoverbricks writes:
  Today's statistics for the whole of Bricklink: there are now 628,462,128
parts for sale by 10.756 stores.

And then there are stores like this one: https://store.bricklink.com/StarEpsilon#/shop
This store has 1,099,949 items in 11 lots available - which makes it the 91-st
largest store in the world. All items for sale are however custom items and made
available on request, so a violation of the BL terms that anything that is for
sale should be at hand.
This store is active since early 2018 but has never sold had a single item.

By allowing these kind of 'shops' the Bricklink data about number of
items for sale is, well, kinda unreliable. This shop is not the only one, there
are dozens of other shops with similar 'fake' (or should I say 'skewed'?)
inventories.

By the way: did you know that only 0.7% of the 10.000+ stores (that is about
70 stores) are responsible for 30% of all sales on Bricklink?

Interesting data. Especially how 30% of BL sales are credited.

Thanks for taking the time to share your work!

-Cory
 Author: brasletty View Messages Posted By brasletty
 Posted: Jan 13, 2020 13:35
 Subject: Re: BL will be a lot smaller in the future...
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brasletty (4280)

Location:  Belgium
Member Since Contact Type Status
Aug 31, 2003 Contact Member Seller
Buying Privileges - OKSelling Privileges - OK
Store: brasletty - up to 50% off
https://store.bricklink.com/awired_eu?p=awired_eu#/shop?o={%22itemType%22:%22S%22,%22showHomeItems%22:0}


this store his stock is over priced and have only 10 selling feedback and he
change the average price of sets , the price gide where this seller have sets
in stock is useless .


In General, Leftoverbricks writes:
  Today's statistics for the whole of Bricklink: there are now 628,462,128
parts for sale by 10.756 stores.

And then there are stores like this one: https://store.bricklink.com/StarEpsilon#/shop
This store has 1,099,949 items in 11 lots available - which makes it the 91-st
largest store in the world. All items for sale are however custom items and made
available on request, so a violation of the BL terms that anything that is for
sale should be at hand.
This store is active since early 2018 but has never sold had a single item.

By allowing these kind of 'shops' the Bricklink data about number of
items for sale is, well, kinda unreliable. This shop is not the only one, there
are dozens of other shops with similar 'fake' (or should I say 'skewed'?)
inventories.

By the way: did you know that only 0.7% of the 10.000+ stores (that is about
70 stores) are responsible for 30% of all sales on Bricklink?
 Author: TheBrickGuys View Messages Posted By TheBrickGuys
 Posted: Jan 13, 2020 22:12
 Subject: Re: BL will be a lot smaller in the future...
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TheBrickGuys (9194)

Location:  USA, California
Member Since Contact Type Status
Dec 18, 2010 Contact Member Seller
Buying Privileges - OKSelling Privileges - OK
Store: TheBrickGuys
By the way: did you know that only 0.7% of the 10.000+ stores (that is about
70 stores) are responsible for 30% of all sales on Bricklink?



Very interesting. How did you calculate or come to that percentage?

Jim,
 Author: Leftoverbricks View Messages Posted By Leftoverbricks
 Posted: Jan 13, 2020 23:44
 Subject: Re: BL will be a lot smaller in the future...
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Leftoverbricks (1450)

Location:  Netherlands, Overijssel
Member Since Contact Type Status
Mar 11, 2012 Contact Member Seller
Buying Privileges - OKSelling Privileges - OK
Store: Leftoverbricks
In General, TheBrickGuys writes:
  By the way: did you know that only 0.7% of the 10.000+ stores (that is about
70 stores) are responsible for 30% of all sales on Bricklink?



Very interesting. How did you calculate or come to that percentage?

Jim,

I made a mistake here: 30% of all items for sale are owned by 0.7% of the shops.
These 0.7% of stores have 10% of all sales.
 Author: calsbricks View Messages Posted By calsbricks
 Posted: Jan 14, 2020 02:52
 Subject: Re: BL will be a lot smaller in the future...
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calsbricks (5977)

Location:  United Kingdom, England
Member Since Contact Type Status
Aug 12, 2008 Contact Member Seller
Buying Privileges - OKSelling Privileges - OK
Store: CalsBricks
In General, Leftoverbricks writes:
  In General, TheBrickGuys writes:
  By the way: did you know that only 0.7% of the 10.000+ stores (that is about
70 stores) are responsible for 30% of all sales on Bricklink?



Very interesting. How did you calculate or come to that percentage?

Jim,

I made a mistake here: 30% of all items for sale are owned by 0.7% of the shops.
These 0.7% of stores have 10% of all sales.

You guys are taking the mick now
 Author: yorbrick View Messages Posted By yorbrick
 Posted: Jan 14, 2020 04:51
 Subject: Re: BL will be a lot smaller in the future...
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yorbrick (719)

Location:  United Kingdom, England
Member Since Contact Type Status
Apr 11, 2011 Contact Member Seller
Buying Privileges - OKSelling Privileges - OK
Store Closed Store: Yorbricks
In General, Leftoverbricks writes:
  In General, TheBrickGuys writes:
  By the way: did you know that only 0.7% of the 10.000+ stores (that is about
70 stores) are responsible for 30% of all sales on Bricklink?



Very interesting. How did you calculate or come to that percentage?

Jim,

I made a mistake here: 30% of all items for sale are owned by 0.7% of the shops.
These 0.7% of stores have 10% of all sales.

If that is true, then it is interesting that although they own 30% of all items
for sale, they only account for 10% of sales. It suggests that small stores do
better, when weighted by size.
 Author: Leftoverbricks View Messages Posted By Leftoverbricks
 Posted: Jan 14, 2020 12:41
 Subject: Re: BL will be a lot smaller in the future...
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Leftoverbricks (1450)

Location:  Netherlands, Overijssel
Member Since Contact Type Status
Mar 11, 2012 Contact Member Seller
Buying Privileges - OKSelling Privileges - OK
Store: Leftoverbricks
In General, yorbrick writes:
  In General, Leftoverbricks writes:
  In General, TheBrickGuys writes:
  By the way: did you know that only 0.7% of the 10.000+ stores (that is about
70 stores) are responsible for 30% of all sales on Bricklink?



Very interesting. How did you calculate or come to that percentage?

Jim,

I made a mistake here: 30% of all items for sale are owned by 0.7% of the shops.
These 0.7% of stores have 10% of all sales.

If that is true, then it is interesting that although they own 30% of all items
for sale, they only account for 10% of sales. It suggests that small stores do
better, when weighted by size.

That is exactly what I wanted to know.
I'm collecting data about stores on BL and put enter it into an excel sheet
to make it possible to analyse it.
What I'm collecting:
- # of inventory items
- # of lots
- last 6 months sales (available through feedback)
- number of cancellations
- number of praise
- number of neutrals
- number of negatives
- number of fans
- total number of praise (as seen on the top right of your screen when you are
on the store's main screen)
- restrictions: minimum order value / avg lot value

My goal is to collect these data for about 300-500 of the key stores on BL.

The data I collected so far are (already) rather revealing. The first conclusion
I could make is that there's no direct relation between the number of items
you have for sale and the number of sales you get. There are quite a few stores
who have over a million items for sale but nevertheless receive only 1-2 orders
per day. On the contrary there are stores with a smaller inventory who have more
sales.

For those who are interested in this topic: I'll keep you updated. (And I
will check twice before I make a new post )
 Author: nectara View Messages Posted By nectara
 Posted: Jan 14, 2020 12:50
 Subject: Re: BL will be a lot smaller in the future...
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nectara (3883)

Location:  United Kingdom, England
Member Since Contact Type Status
Dec 14, 2015 Contact Member Seller
Buying Privileges - OKSelling Privileges - OK
Store: LondonBricks
In General, Leftoverbricks writes:
  In General, yorbrick writes:
  In General, Leftoverbricks writes:
  In General, TheBrickGuys writes:
  By the way: did you know that only 0.7% of the 10.000+ stores (that is about
70 stores) are responsible for 30% of all sales on Bricklink?



Very interesting. How did you calculate or come to that percentage?

Jim,

I made a mistake here: 30% of all items for sale are owned by 0.7% of the shops.
These 0.7% of stores have 10% of all sales.

If that is true, then it is interesting that although they own 30% of all items
for sale, they only account for 10% of sales. It suggests that small stores do
better, when weighted by size.

That is exactly what I wanted to know.
I'm collecting data about stores on BL and put enter it into an excel sheet
to make it possible to analyse it.
What I'm collecting:
- # of inventory items
- # of lots
- last 6 months sales (available through feedback)
- number of cancellations
- number of praise
- number of neutrals
- number of negatives
- number of fans
- total number of praise (as seen on the top right of your screen when you are
on the store's main screen)
- restrictions: minimum order value / avg lot value

My goal is to collect these data for about 300-500 of the key stores on BL.

The data I collected so far are (already) rather revealing. The first conclusion
I could make is that there's no direct relation between the number of items
you have for sale and the number of sales you get. There are quite a few stores
who have over a million items for sale but nevertheless receive only 1-2 orders
per day. On the contrary there are stores with a smaller inventory who have more
sales.

For those who are interested in this topic: I'll keep you updated. (And I
will check twice before I make a new post )




You will offend quite a lot of people
Regards
Nectara
 Author: leopard37 View Messages Posted By leopard37
 Posted: Jan 14, 2020 13:08
 Subject: Re: BL will be a lot smaller in the future...
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leopard37 (1425)

Location:  Canada, Alberta
Member Since Contact Type Status
Jul 15, 2015 Contact Member Seller
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Store: Leopard37
In General, Leftoverbricks writes:
  In General, yorbrick writes:
  In General, Leftoverbricks writes:
  In General, TheBrickGuys writes:
  By the way: did you know that only 0.7% of the 10.000+ stores (that is about
70 stores) are responsible for 30% of all sales on Bricklink?



Very interesting. How did you calculate or come to that percentage?

Jim,

I made a mistake here: 30% of all items for sale are owned by 0.7% of the shops.
These 0.7% of stores have 10% of all sales.

If that is true, then it is interesting that although they own 30% of all items
for sale, they only account for 10% of sales. It suggests that small stores do
better, when weighted by size.

That is exactly what I wanted to know.
I'm collecting data about stores on BL and put enter it into an excel sheet
to make it possible to analyse it.
What I'm collecting:
- # of inventory items
- # of lots
- last 6 months sales (available through feedback)
- number of cancellations
- number of praise
- number of neutrals
- number of negatives
- number of fans
- total number of praise (as seen on the top right of your screen when you are
on the store's main screen)
- restrictions: minimum order value / avg lot value

My goal is to collect these data for about 300-500 of the key stores on BL.

The data I collected so far are (already) rather revealing. The first conclusion
I could make is that there's no direct relation between the number of items
you have for sale and the number of sales you get. There are quite a few stores
who have over a million items for sale but nevertheless receive only 1-2 orders
per day. On the contrary there are stores with a smaller inventory who have more
sales.

For those who are interested in this topic: I'll keep you updated. (And I
will check twice before I make a new post )

I believe there will be a gap in your analysis, even if you took number of lots
and items daily, you won't know number of items added. Therefore you will
have no way of knowing that a sale is equivalent between stores. I've been
keeping track of my order values since I started so I know how much value a order
has for me, but I do not know whether that changes store to store. For instance
I charge a fee on every order, but have no minimum. I know that the fee turns
some people away, but if you only need one piece you can buy it. So I have an
increase in order for some looking for small amounts which may bring my average
down, but I'm not sure whether those orders would be replaced if I set a
minimum and dumped the fee.

What I'm trying to say is that my orders as a buyer from those stores that
have 30% of the stock I know are larger because they fill more of my wanted list.
I would have to assume that most of their orders are the same. But unless some
of them open up some information you have no idea unless you can track how much
stock they are adding as well.

Tyson.
 Author: TakeAbricK View Messages Posted By TakeAbricK
 Posted: Jan 14, 2020 14:09
 Subject: Re: BL will be a lot smaller in the future...
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TakeAbricK (8991)

Location:  Netherlands, Gelderland
Member Since Contact Type Status
Jan 12, 2007 Contact Member Seller
Buying Privileges - OKSelling Privileges - OK
Store: TakeAbricK
In General, Leftoverbricks writes:
  In General, yorbrick writes:
  In General, Leftoverbricks writes:
  In General, TheBrickGuys writes:
  By the way: did you know that only 0.7% of the 10.000+ stores (that is about
70 stores) are responsible for 30% of all sales on Bricklink?



Very interesting. How did you calculate or come to that percentage?

Jim,

I made a mistake here: 30% of all items for sale are owned by 0.7% of the shops.
These 0.7% of stores have 10% of all sales.

If that is true, then it is interesting that although they own 30% of all items
for sale, they only account for 10% of sales. It suggests that small stores do
better, when weighted by size.

That is exactly what I wanted to know.
I'm collecting data about stores on BL and put enter it into an excel sheet
to make it possible to analyse it.
What I'm collecting:
- # of inventory items
- # of lots
- last 6 months sales (available through feedback)
- number of cancellations
- number of praise
- number of neutrals
- number of negatives
- number of fans
- total number of praise (as seen on the top right of your screen when you are
on the store's main screen)
- restrictions: minimum order value / avg lot value

My goal is to collect these data for about 300-500 of the key stores on BL.

The data I collected so far are (already) rather revealing. The first conclusion
I could make is that there's no direct relation between the number of items
you have for sale and the number of sales you get. There are quite a few stores
who have over a million items for sale but nevertheless receive only 1-2 orders
per day. On the contrary there are stores with a smaller inventory who have more
sales.

You can have 50 sales with an average of 10.00 euro or 2 sales of 250.00 euro.
It doesn't say much, but I would prefer these 2 sales
And 3.5 years in the Top 10 and retire when I'm 60



  
For those who are interested in this topic: I'll keep you updated. (And I
will check twice before I make a new post )
 Author: relhak View Messages Posted By relhak
 Posted: Jan 15, 2020 12:50
 Subject: Re: BL will be a lot smaller in the future...
 Viewed: 87 times
 Topic: General
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relhak (5176)

Location:  USA, Wisconsin
Member Since Contact Type Status
Dec 11, 2007 Contact Member Seller
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Store: The Brick Orphanage
In General, yorbrick writes:
  If that is true, then it is interesting that although they own 30% of all items
for sale, they only account for 10% of sales. It suggests that small stores do
better, when weighted by size.

It would be more accurate to say that high inventory stores get that way because
they let their overpriced parts go unsold, and therefore accumulate. Probably
because they're too busy making money and filling orders to stop and check
the 1-2% of lots that haven't sold, yet are taking up half of their storage
space. There are also a few that appear to have been suckered in by the allure
of reselling PaB, and have dozens of lots in over 50k quantities.

My own experience as a seller is that doubling your inventory more than doubles
your sales rate and profit margin. But I also don't let parts pile up into
10k piece lot sizes, and only sell PaB if it's leftover from a project.

I think the best sales-to-inventory ratio stores are probably around 1 million
pieces. High part diversity, without excess stagnant inventory. But you only
need to limit yourself in that regard if your warehouse space is expensive.

Stuart