I’m so proud of myself after watching your videos I finally decided to go through everything I’m about to buy at the Goodwill and check the sellthrough rate. Makes a huge difference on my decision. Thanks a lot
Just wanted to thank you for your videos and the information you share. Your last few lines in this video really hit me hard. I have started to let go of the idea that these are valuable things. They don't mean anything until they sell. And every day, I am trying to release myself from the prison of caring about these things. I am making more sales because of this new thought process and I'm grateful. Truly appreciate you and your viewpoint.
Thank you for the behind the scenes. I'm going thru my store and looking for items to mark down. I have a permanent coupon running until the end of the year and I'm always amazed when people buy something without using it since it pops up during the buying process. I haven't tried a huge markdown for old inventory like you are doing, but I should just to clear it out and make some if not a little profit. Just doing it part time though.
This was super helpful. I just opened a store after a year of selling on my personal account. I marked down my older items hoping to bring in some traffic. Thank You Thank You Thank You!
Can't wait to see your next what sold video to see what gets shipped out the door! BTW you are always giving us such great brands to look out for I wanted to return the favor. Magnolia Pearl is a great Womens brand. Sell through is incredible. Looked it up when you get a minute. You may find it being you live in California. It's very unassuming. Also Dressed to kill is a good one. Again thanks for another great video.
Hi Just found your channel and I subscribed. I love the concept of this video. I have a hard time holding on to stuff but I think I am going to give this a try! Thanks for the video.
Well correct me if im wrong but your supposed to wait x min before ALL items have been flagged for discount @ 75% off. Dont expect to go back into an event without waiting for all the 75% items to take effect otherwise, yes you wont see them listed when you click on 50% off. After about 1hr go in and do your 50% now you can see the 75% discounted items OR click on DONT SHOW DISCOUNTED ITEMS to remove the discounts. Then you can select your 50% off. No need for a notepad.
Thx for this. I use Autoposher which resists my items every 30 days so difficult to id oldest items on site. Any suggestions? Can we sort by SKU number maybe?
God you're crushing it, enjoy the content. Been watching for a couple weeks now. Keep it up Don't let people get to you. They're hiding behind a computer or cell phone.
Interesting. I need to list lost list. Are you only selling inly clothing.? I will try to list lots. I am trying... ❤❤ thank you for informing us. I think it's ok. You deserve to do what you want You work hard. You earn it. Good luck on the sales . Let us know how it went
Great content, look forward to your videos... quick question! What size boxes are you using on your shelves for inventory? I've been using plastic bins, but they are way to heavy and meh... now back pain. I need to size down and love your setup! Thanks :)
Yumbo quick question, do you use promoted listings? If so, do you use the suggested rate or a higher percentage? Also, would you suggest 100% promoted listings on everything? Thanks!
@@bigyumbo thanks! This would be a good video as far as strategies for promotions go. I’m sure a lot of newbie resellers have these types of questions. appreciate your help.
Yumbo how many items would you say you sourced from the bins versus regular thrift on a monthly basis? Regular thrift in my area is getting pretty expensive.
Hi..since I watched this i am marking down prices about 75% but one by one on my phone. I still should take offers right if the goal is to get the items out of my store? And do you promote the marked down items too? Some things I've had a year. Thanks for all the information!
Yeah the goal when I do it is to get rid of it, get some cash flow to go buy better items, and to get multi-quantity orders. I accept offers in the stuff, and most the time they’re reasonable. Some lady just offered me 6 dollars on a 7 dollar shirt. If she would have offered 3, I would have taken that too. I believe it increases traffic to your non discounted items as well. Sales are just a percentage of your traffic. Increase the traffic, increase the sales.
@@bigyumbo thanks! Been getting sales in the $5-7 range on old inventory. No lie, it hurt a little at first but I remembered what you said about it's just stuff. I'll get more stuff this week. 😄
If your serious about reselling then yeah. Which one you pick depends on how much you will be listing and your store size. You have to calculate out which store will be cheapest for you. I use the 75 dollar per month one. Each one gives you a certain amount of listings per month. You also gotta remember that each of your items gets automatically relisted every 30 days and eBay charges you ten cents (I think it’s ten cents or maybe even 25 cents). I’ve always had a store so I don’t remember. Those relisted items count towards your monthly listings and you get charged extra if you go over……. That was a terrible explanation. Just do some research.
Question why don’t you just use the filter on the top to make it easier for you when doing your date base? Example on top you can sort the date like see only items that have been 100 days so it eliminates the newer stuff?
Message me on Instagram: @bigyumbo. Tell me your store name and me why you want me to review it. I have a lot of stores to get through. Might be a while.
Even with 75% off, do you still get people making offers on that huge markdown price? I tried a big sale like this too and got ridiculous offers on top of my sale And was so annoyed by it haha! My cost of goods is higher than yours is generally though, so maybe that’s my problem.
What affects the impressions on Ebay. I see you have over 9mill. impressions with 1600 active listings. I have 1100 listings and 930.000 impressions??? Pretty depressing... as my sales are currently...one good day followed by 3 very bad days.
@@bigyumbo does that mean you were reselling before COVID? I started after and can't imagine what everything shut down and not being able to list would do to my store.
10:41 So someone can use your 20% off coupon on your 75% off sale? That would be 95% off or 30 cents for your $5.99 items. Also, I am surprised you have to discount so many items a month as you seem to pretty religiously check the sell-through rate or know it in your head. Can you tell I'm upset? 🤣
I was waiting for this comment. It’s not 95% off after the coupon, it’s 80% off. Let’s say you have a 100 dollar item and it sells for 75% off. Now it’s 25 dollars, right? An additional 20% off coupon brings it down to 20 dollars. The item was originally priced at 100 dollars and now it’s 20 dollars, so we have an 80% discount.
@Jon Watral If I listed an item for 5.99, it’s because it was a bad item. I want all of the items gone. The point isn’t to profit off of the 75% off orders. They’re loss leaders. They drive traffic to your store people buy multiple items. You get rid of the junk. Your conversion rate increase and eBay ranks you higher. Those items already went through a 10% sale, a 15% sale, a 30% sale, a 50% sale. It’s trash. Get rid of it. Every multibillion dollar retailer has a clearance section. But resellers are so delusional, they think they’re above it.
Big Yumbo, I've been a product manager for 20+ years and understand business very well. Your reference to "loss leader" made me smile. It proves how smart you are and your business acumen far exceeds self proclaimed eBay gurus on RUclips.youre a natural bud.
Big Yumbo.. Your the first best guy to show all this information.. I've been doing ebay ow full time for 1.5 years and I knew nothing about computers I've tought my self 90% of everthing but now Im learning off yo .. Your the best most understanding seller . Thank you If you have a chance I'd like to chat marty G.Martyshangout .1
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I’m so proud of myself after watching your videos I finally decided to go through everything I’m about to buy at the Goodwill and check the sellthrough rate. Makes a huge difference on my decision. Thanks a lot
Keep it up. Focusing on sell through will make reselling so much easier.
Yes thanxs I never did it much either till recently !
Just wanted to thank you for your videos and the information you share. Your last few lines in this video really hit me hard. I have started to let go of the idea that these are valuable things. They don't mean anything until they sell. And every day, I am trying to release myself from the prison of caring about these things. I am making more sales because of this new thought process and I'm grateful. Truly appreciate you and your viewpoint.
I really appreciate all the information. It wasn't boring at all. Thank you!
New to your channel and so glad that youtube recommended a video ! Love your inventory system ! Like your hauls too ! Great Stuff for sure !
Thank you for the behind the scenes. I'm going thru my store and looking for items to mark down. I have a permanent coupon running until the end of the year and I'm always amazed when people buy something without using it since it pops up during the buying process. I haven't tried a huge markdown for old inventory like you are doing, but I should just to clear it out and make some if not a little profit. Just doing it part time though.
This was super helpful. I just opened a store after a year of selling on my personal account. I marked down my older items hoping to bring in some traffic. Thank You Thank You Thank You!
Thanks!
Can't wait to see your next what sold video to see what gets shipped out the door! BTW you are always giving us such great brands to look out for I wanted to return the favor. Magnolia Pearl is a great Womens brand. Sell through is incredible. Looked it up when you get a minute. You may find it being you live in California. It's very unassuming. Also Dressed to kill is a good one. Again thanks for another great video.
Thanks for sharing - never heard of it myself
Woww. High sell through and VERY high prices. NICE!
Hi
Just found your channel and I subscribed. I love the concept of this video. I have a hard time holding on to stuff but I think I am going to give this a try!
Thanks for the video.
Well correct me if im wrong but your supposed to wait x min before ALL items have been flagged for discount @ 75% off. Dont expect to go back into an event without waiting for all the 75% items to take effect otherwise, yes you wont see them listed when you click on 50% off. After about 1hr go in and do your 50% now you can see the 75% discounted items OR click on DONT SHOW DISCOUNTED ITEMS to remove the discounts. Then you can select your 50% off. No need for a notepad.
Hi, liked your video..where do you buy clear baggies for your items
Amazon
Thx for this. I use Autoposher which resists my items every 30 days so difficult to id oldest items on site. Any suggestions? Can we sort by SKU number maybe?
Great video with useful information
God you're crushing it, enjoy the content. Been watching for a couple weeks now. Keep it up Don't let people get to you. They're hiding behind a computer or cell phone.
Interesting. I need to list lost list. Are you only selling inly clothing.? I will try to list lots. I am trying... ❤❤ thank you for informing us. I think it's ok. You deserve to do what you want
You work hard. You earn it. Good luck on the sales . Let us know how it went
Is there a way to automate your sales so that it automatically starts up again after the previous one ends?
Great content, look forward to your videos... quick question! What size boxes are you using on your shelves for inventory? I've been using plastic bins, but they are way to heavy and meh... now back pain. I need to size down and love your setup! Thanks :)
8x8x20
@@bigyumbo thanks! I think this will work better than banker boxes
Thanks so much for this! I had no clue how to run promotions!
Where is the link for your store. I can't see it. Thanks
Do you crosslist? I haven't seen a video about it from you. Was wondering your thoughts on it.
He has a Poshmark account pretty much for VEROS or anythingthat that might put his eBay store at risk. Other than that he hates Poshmark.🤣
Still haven’t gotten around to making that poshmark actually. I just wear all the vero stuff.
We are finally going to try this. Are you still pretty much doing it the same way now?? And do you keep them promoted during the sale period?
Yeah. I do everything pretty much the same.
About how long does it take you to do the 30 a day? From pictures to listing to put away
That part takes 3-3.5 hours.
How does the buyer view only the reduced items
I tried?? U r my idol. 😅
You just make the best reasonable sense I work in finance so I’m looking analytical ❤
I don’t know. Maybe they sort low to high.
What size are those boxes?
If you discount 75% or 50% do you offer free shipping on your items? If you offer free shipping how do you recoup your loss
I don’t do free shipping.
Yumbo quick question, do you use promoted listings? If so, do you use the suggested rate or a higher percentage? Also, would you suggest 100% promoted listings on everything? Thanks!
5% and no
@@bigyumbo thanks! This would be a good video as far as strategies for promotions go. I’m sure a lot of newbie resellers have these types of questions. appreciate your help.
When I check prices on Terapeak Sold items I filter to 30 days to price my items that way I know it will sell within 30 to 60 days the latest.
Yumbo how many items would you say you sourced from the bins versus regular thrift on a monthly basis? Regular thrift in my area is getting pretty expensive.
Maybe 15-20% bins
Hi..since I watched this i am marking down prices about 75% but one by one on my phone. I still should take offers right if the goal is to get the items out of my store? And do you promote the marked down items too?
Some things I've had a year.
Thanks for all the information!
Yeah the goal when I do it is to get rid of it, get some cash flow to go buy better items, and to get multi-quantity orders. I accept offers in the stuff, and most the time they’re reasonable. Some lady just offered me 6 dollars on a 7 dollar shirt. If she would have offered 3, I would have taken that too. I believe it increases traffic to your non discounted items as well. Sales are just a percentage of your traffic. Increase the traffic, increase the sales.
@@bigyumbo thanks! Been getting sales in the $5-7 range on old inventory. No lie, it hurt a little at first but I remembered what you said about it's just stuff. I'll get more stuff this week. 😄
@@merribruce8963 Exactly! Good work. It's just stuff. Don't fall in love with it.
How do you do combined shipping? So you have it set up in business policies?
Yes. Business policies. You can also send combined shipping invoices when the buyer has items in the cart.
What level store do you have?
Great as always. Thanks
do you recommend paying for ebay store subscription? if so which one. thanks!
If your serious about reselling then yeah. Which one you pick depends on how much you will be listing and your store size. You have to calculate out which store will be cheapest for you. I use the 75 dollar per month one. Each one gives you a certain amount of listings per month. You also gotta remember that each of your items gets automatically relisted every 30 days and eBay charges you ten cents (I think it’s ten cents or maybe even 25 cents). I’ve always had a store so I don’t remember. Those relisted items count towards your monthly listings and you get charged extra if you go over……. That was a terrible explanation. Just do some research.
Good Information 😊
Question why don’t you just use the filter on the top to make it easier for you when doing your date base? Example on top you can sort the date like see only items that have been 100 days so it eliminates the newer stuff?
I just sort by “days on site”
Great vid dude
Hey what's the name of your ebay store?
Would you do a brand cheat sheet? Like what top sell? Womans bottom to look for? Maybe something you would even sell?
Probably not. Give a man to fish…. Teach a man to fish…… and all that.
Super helpful! You rock!
Do you do offers to watchers? If so and it's a new item you just listed, do you offer right away or wait to see if someone buys it for full price?
25 percent off doesn’t matter when it was listed.
So you do 25 percent off to watchers right away?
Nice crocs friend
Do you accept every best offer sent when it is first sent?
No. I counter sometimes. I just never decline. I also respond as quick as possible.
Do you have to have a store in order to do promotions ?
yes
Hey Yum, do you only do the sales once a month?
Yeah
Yo big Yumbizzy. How do I get my eBay store reviewed by you?
Message me on Instagram: @bigyumbo. Tell me your store name and me why you want me to review it. I have a lot of stores to get through. Might be a while.
Okay, so where does your "Big Yumbo" RUclips ID come from? Is that your favorite sandwich?
Just a name.
Even with 75% off, do you still get people making offers on that huge markdown price? I tried a big sale like this too and got ridiculous offers on top of my sale And was so annoyed by it haha! My cost of goods is higher than yours is generally though, so maybe that’s my problem.
I never get annoyed by an offer.
What affects the impressions on Ebay. I see you have over 9mill. impressions with 1600 active listings. I have 1100 listings and 930.000 impressions??? Pretty depressing... as my sales are currently...one good day followed by 3 very bad days.
The quality of your items, the price is the biggest factor. Also your listing consistency is important.
How long have you been reselling?
I think he's been reselling full time for 3 ish years
Three years. Exclusively clothing for one year.
@@bigyumbo does that mean you were reselling before COVID? I started after and can't imagine what everything shut down and not being able to list would do to my store.
You said your GF wants to move away from Loss Wages. When you move, can you send me your sourcing route? Ill keep it safe for you. Thanks mate.
I thought you said you were leaving LAS Vegas? Hurry up! Need less competition.
10:41 So someone can use your 20% off coupon on your 75% off sale? That would be 95% off or 30 cents for your $5.99 items. Also, I am surprised you have to discount so many items a month as you seem to pretty religiously check the sell-through rate or know it in your head. Can you tell I'm upset? 🤣
I was waiting for this comment. It’s not 95% off after the coupon, it’s 80% off. Let’s say you have a 100 dollar item and it sells for 75% off. Now it’s 25 dollars, right? An additional 20% off coupon brings it down to 20 dollars. The item was originally priced at 100 dollars and now it’s 20 dollars, so we have an 80% discount.
@@bigyumbo Okay, I feel a LITTLE better...but 80% of $5.99 is still only $$1.20.
@Jon Watral If I listed an item for 5.99, it’s because it was a bad item. I want all of the items gone. The point isn’t to profit off of the 75% off orders. They’re loss leaders. They drive traffic to your store people buy multiple items. You get rid of the junk. Your conversion rate increase and eBay ranks you higher. Those items already went through a 10% sale, a 15% sale, a 30% sale, a 50% sale. It’s trash. Get rid of it. Every multibillion dollar retailer has a clearance section. But resellers are so delusional, they think they’re above it.
Big Yumbo, I've been a product manager for 20+ years and understand business very well. Your reference to "loss leader" made me smile. It proves how smart you are and your business acumen far exceeds self proclaimed eBay gurus on RUclips.youre a natural bud.
@@layson9061 Thanks!
Big Yumbo.. Your the first best guy to show all this information.. I've been doing ebay ow full time for 1.5 years and I knew nothing about computers I've tought my self 90% of everthing but now Im learning off yo .. Your the best most understanding seller . Thank you If you have a chance I'd like to chat marty G.Martyshangout .1