I wouldn't say it's dying. I'd rather say that the trend is dying off. Alot people hopped on the train but some of us have been doing this for the long run while others have created death piles getting into reselling and realizing the reality of how it works
It’s just like the keto diet… everybody jumped on board and then it died but for people like myself, it’s about health not a crash diet. Not everyone can go the distance with anything.
I think that is for a variety of reasons, one reason, is I've notice some resellers struggle with change, other sellers, especially the newbies don't like to study the markets by doing in depth research such as, watching business channels, paying attention to social issues that affect businesses online and off line, and others, don't want to put in the work, they think it's just fast easy money they can make. in a retail society nothing stays the same. Just like every season is different from the last season. Every year when Autumn arrives, you will notice, that not every leaf is the same, and last year's leaves were different from this year's leaves.
I was a full time reseller pre pandemic. Garage sales, goodwill, and pawn shops had so much to offer. Then the pandemic happened and everyone decided they wanted to resell. They watched a thousand RUclipsrs that said all this stuff is worth so much money and that spawned MILLIONS of more resellers. I never say I’m a reseller anymore because it has a stigma to it now. Theres just not enough to go around; even 80 year old men are asking for video games at every garage sale. RUclipsrs vlogged themselves and every pre pandemic reseller out a job. None of this is directed at you, just something I’ve wanted to get off my chest for a while and saw your headline.
yup, buying video games was so easy 2004-2016. I can't believe gameboy advance pokemon titles are $100 lose cart now. Its not even a rare game with 30 million copies sold.
1. Despite what the media says, most people are struggling financially right now so aren't buying. 2. Too many resellers. 3. Cost of goods increased too much. - WW
Despite what you're saying, the facts show that there's always people who will struggle and these things are cyclical, but the economy isn't that bad. Too many resellers, everybody following the crowd, it was never sustainable.
@@apeacefulmindx the economy isn’t that bad? it’s not that bad compared to what, the great depression of 1920s? This is one of the worst economies in history, but you must live on delusional Democrat Island with Harris.
@@apeacefulmindx The economy isn’t that bad? What are you comparing it to, the great depression? Inflation that Is out of control, unemployment is on the rise and families can’t afford groceries. Get Your head unburied, you sound ignorant.
I am a reseller and am personally seeing an intense drop in reselling. I think especially with the economy, consumers are expecting lower and lower pricing and as resellers, we put a lot of work and effort and can’t afford to price items so low. I’ve had days where I was packaging for 7 hours. Our time is worth something and I think this is where we are getting burnt out.
I noticed the big resellers (like hairy tornado & eBay princess) have quit and gone to live selling on “what not” which is not attainable for regular people like us without a huge fanbase or following. He also said his content is no longer meant to be relatable, it’s meant to be entertainment as eBay reselling is only 20% of his revenue now. Definitely a huge shift in resellers only staying afloat because they turned into RUclips personalities.
Your wrong your so wrong I know a reseller who’s been making 300k a year for 2 years straight and still increasing don’t know it til you try it just cause someone said it’s dying doesn’t mean it is stop listening to what others say and do what you want
yes many of these RUclipsrs are into the live selling, which is not viable for everyone, especially the ones that don't have a RUclips channel with many followers.
@@Syph-xl9nf I was never wrong, you assumed obviously. I never said there are no successful Ebay sellers, I know several myself and i am one. I am pointing out some issues that some Ebay sellers do encounter, what you or me have observed doesn't mean the totality of what is going on.
I started reselling part time in 2021 with the hope of eventually going full time. Fast forward 3 years, I am 100% content with it staying a part time gig for me because there is just too much uncertainty. Not to mention the burnout. As for the live selling: I see people all the time asking "how are these people making money when they're selling things for $3-$5?" The gag is, THEY'RE NOT and they're just not telling anyone. There is a reseller who was very open about her experience and said she was losing money and that she was going to prioritize Poshmark again because she listed 5 high value items and made more money than she did selling 100 items during a 4 hour show. Great video as always!
I love reselling. But, it's never been something I wanted to do full time. 2019-2021 was the peak because of COVID. People were stuck at home To me, reselling is a hobby and it's a break from my regular job! I hope it never goes away completely.
I think it has a lot to do with the economy. The last year & a half has been rough so I ended up getting a part-time job in January. I sell mostly Plus Size Women’s clothing which are in high demand but I think People just don’t have that extra spending money that they had 2-3 years ago. I do think things will eventually get better. I feel so much better doing reselling part-time vs full-time. Great video ❤
2019 was definitely a peak for me also. I’m definitely scaling back and I’ve been reselling a very long time. Back when I started Poshmark was new and I’d list it and it would sell pretty fast. Now it takes a lot longer and buyers are wanting it dirt cheap. I don’t like the live selling.
My sales started declining roughly around the same time as Posh launched live sales. The past couple months have been dire. I am so glad it is only a side hustle for me.
@@styleonrepeat I definitely agree. The live sales have definitely knocked the bottom out of the closets that don’t want to live in front of a camera. It’s so sad to see so many of us who have been around so long. Cutting back or leaving. I’ve been listing my items not listed and not buying anything until I decide what my next step will be. Who knows maybe it will bounce back but it would be surprising if it did.
"Buyers are wanting for dirt cheap" I agreee and that's one of the reasons why I've stepped back from reselling for now. A lot of work for little profit
@@arioutlaw I absolutely understand. If my closet wasn’t mostly all set up to were I can get away with only adding a few items a week I would have mine on vacation for a while myself. I have so much inventory and I cringe at what I’d have to do to get rid of it all.
The trend for the ones that are very recent to selling, might be ending, but we sellers of 25 to 30 years plus will continue here. This is not for the faint of heart and it is a lot of work, so if you cannot handle that, better quit now.
I completely agree with you. I’ve been a full-time reseller for 10 years and started reselling back in 1992, but I’ve never seen anything like this. The changes Poshmark made have really hurt our sales, and I don’t think they’ll bounce back. Live sales, while enjoyable, have also driven down the value of clothing because people know they can get items for less. After 2020, with retail stores reopening, there’s been a general downturn in retail, especially with the fast fashion industry taking a hit. More people are shopping at places like Goodwill, which increases competition for us. For me, the biggest change was in social media. I was 100% involved in influencing, teaching, and engaging with the community, but the negativity and lack of appreciation really got to me. I became resentful and started to dislike the entire industry. I ended up erasing my Instagram and stopped making RUclips videos, even though I still enjoy watching yours-so don’t stop! I’ve since pivoted to a new direction that makes me much happier. Now, I use reselling for extra income, listing when I feel like it, whether that’s once every two weeks or 100 items in one week. It’s not the same anymore, and I know it’s not just me. I scaled back from having a warehouse and pursuing a larger business to finding a better path, similar to what you’re doing.
@@bobbythebuyer I disagree. Buy low, sell low. The objective is to turn your inventory as quickly as possible. Too many sellers hold out for top dollar, then whine when their items don't sell. Buy it low, sell it low, move on....
Honestly it’s so classy to see someone admit that they don’t know what they’re talking about fully and refrain from debating the topic. So many people now want to act like they know everything and it’s refreshing to see young people with the maturity to speak so professionally. It shows character.
@@cameronrichardson974 What I meant in my comment was yes it’s nice when you admit you don’t know enough to speak on things. Although the world is a 💩 show at this point. It’s important to do research, not listen to celebrities who will never need anything, they don’t have your best interest at heart ! Really research so you do have an opinion and understand what’s going on and to try to make the world a better place for the younger generation
This was a good conversation. I think reselling can be lonely and it’s hard to stay motivated sometimes. It’s not easy, but it’s much easier than some of the jobs I’ve had before. I can understand how people get to a point where they want a change though. I still love it, but that might change or morph into something else. It’s an adventure ❤ Thank you for your videos
Honestly, I see a lot of resellers that don’t go after the sale. For example: I “liked” 14 pairs of pants on Poshmark and only 2 sellers sent me an offer. I posted about this on a FB page and was bashed by some sellers who told me they weren’t mind readers and if I wanted the item I should have made an offer myself - yet they complain about slow sales. 😲. They don’t work for it. 85% of my sales are because I send offers. I’ve been selling on 3 platforms since 2017. Reselling is a TON of work and people need to realize it’s not a substitute for a ‘regular’ job that provides medical benefits and retirement.
I send offers on everything as often as possible. I give 20 percent automatically and then about 1-2 weeks later I will send a 30-40 perfect offer. I price my items accordingly to do this. I still do well with this mechanism, but I think the economy is dragging things down a lot regardless.
Im doing actually well reselling full time and i love it. Maybe becauee you know longer need reselling you are ok with it going away. Im better than i was in reselling in 2020
This has definitely been a interesting business cycle. I think the 2020 resellers who poured in have reached the point of exhaustion stemmed from misunderstanding what this industry is during normal times and bad times. I love that they are getting weeded out
100% agree with you, I wish more people talked about this. I feel like so many people paint this picture that is not reality and if you aren't were they are or doing as well as them, it feels like your failing. Nobody talks about how they failed, what they did to adjust or pivot in their business. This is so important and makes others feel not alone when it happens to them. (I have found a few creators that have but majority do not). Thank you so much for talking about this and really appreciate you just being real in all honesty. I just subscribed also :)
im not QUITTING Reselling, ive been reselling since 2018 and ive expanded my business into making my own hand made jewelry now so im only making my business bigger, so i dont know who you are watching online, theres still so many resellers that are OG's that are still in their reselling business, just from what i have seen.
It hard to be a reseller for the reasons you mentioned but plus others. The market is over flooded by resellers. Popups, cons and flea markets. To many sellers not enough buyers. I been in the reseller biz for 20 yrs now. I love it. I retired and come back. You just hav to be 2 or 3 steps ahead of others. Yes follow the trends but look down and maybe start a trend or 2.
If you are selling unique items or any items that hive a high STR at fair prices, you will always have a good business. If you are trying to sell clothes like the literally thousands of other sellers are, you are going to have a much tougher go at it. Ebay will Never be an automated business and actually most businesses will Never be automated. I think most everyone is quitting because they are realizing it is real work, just like most all other careers are. Good luck in your b&m store.
Exactly it is real work and people don’t seem to understand that you gotta be committed to it if you want to be at it full time I be reselling 2 years and I just touch 200k on eBay it’s really being consistent and staying organized I see why people quit is because they thinking of the fast money and valuable items
My thoughts exactly! I've been reselling for 20 years. It's definitely not the same...... Takes up your mind & energy 24/7. I work in a school, & now do this very part time because it's definitely my number 1 passion. Looking for something else online if anyone has suggestions ❤️❤️
Selling clothing, in my experience, is one of the most challenging ventures to turn a profit in, unless you have the necessary experience, connections, and infrastructure to support it-qualities which you clearly possess. Clothing is highly accessible to new sellers, who often source their inventory from thrift stores. However, many quickly become disillusioned because the demand and profit margins are simply not there. Smaller operations, in particular, struggle to generate enough demand. Additionally, the prices of new clothing have dropped to the point where they are sometimes cheaper than what is available in online resale markets. For the most part, I consider the clothing business to be dead for small-time or part-time sellers, which is why so many are exiting the market. Unless you scale up significantly, as you have, I don't see selling clothing as a worthwhile pursuit. I've been a part-time seller for about five years, focusing primarily on electronics. While I've branched out into other areas, including clothing and shoes, I've amassed a dead pile of unsold items. Yet, through this experience, I've learned to identify unique pieces that can command a high price relative to their investment. So, I still occasionally pick up clothing if I know it will sell. However, there's no way I could sustain my business if clothing were the core of my sales as a small-time seller. To be frank, if it weren't for my expertise in electronics-particularly in repairing and refurbishing them-I would have been out of business long ago. Reselling is extremely tough these days, and not everyone has the additional knowledge required to repair and refurbish items that can actually sell.
Since there has been such an influx in online sales everyone even remotely associated with it has tried to cash in. Shipping companies, thrift stores, and even the online sales platforms are in it to get as much as they can out of it and it does nothing but raise the prices. But isnt that the way it is all over right now?
I love flipping; when I discovered people “reselling ,” it was great! 2019-2021 was the optimal time to stack. I maintained a full time job but always used “resale”; side hustles and extra money and used it for investments that make more cash flow. Basically have more gears make gears in the money machine.
I agree with everything you said, especially concerning Poshmark. PM does too much algorithm adjusting to and experimenting now, you cant ever reliably make it happy anymore. It makes me not want to sell on PM so that they arent rewarded for changing things up so often. Reselling is and has always been a side hustle for me, because I cant source enough to make a full time income where I live. But now, Im reconsidering whether or not to continue with even that. I pay $5 on average for my items, I cant compete with resellers who have access to the bins. And on top of that, youre right, alot of people are more comfortable thrifting now than they used to be. So who knows? Im going to stick it out til the end of the year and if things dont pick up I think Ill be liquidating / donating and changing up my routine... and maybe leaving PM all together.
Absolutely! I think we need to just emphasize and normalize that reselling full time doesn’t need to be the goal. There is beauty in pivoting and being grateful for something that served us for a season, but also being ready and open for whatever’s next! Good luck to you on whatever you choose to do! ☺️
I can't work a normal job anymore due to having an ankle injury and some issues with my eyes and anxiety so my hope is for my reselling to become full time so my 36 year old ass can move back out of my parents house and I can take care of myself once again. I moved in 3 years ago when things got really bad for me. I am thinking of at least starting online schooling so I have some kind of career or something to fall back on so even if I have to get a "normal" job it's not so many hours so I don't have to over work myself with my issues and I can use reselling as supplemental income
I do not resell, but i did want to say that i just won't pay most of the prices resellers want. Also, I love to thrift myself and rarely is there something i just have to have. I am always willing to wait to get the best deal.
Agree, the data shows that secondhand online is going to continue to grow and explode, actually. Stores are having a tough time because people are used to shopping online.
I was full time from like 2019-2021 and then went part time to a job. Fast forward to now i have a part time remote job i love, still resell on the side, also dog sit and i couldnt be happier. Its a great balance for me & im doing sooo much better financially. And mentally! The unstable income was not it for me.
Also i relate to so much of what you said- I burnt out and didnt want to identify as a full time reseller anymore either. Im not also starting a social media & photography business- a business that doesn’t require any inventory 😂 that also took over my house.
Totally agree. So many are giving up and selling stuff for dirt cheap like not getting their money back. This is the worst year ever for me so I'm kind of thinking this may be my last year and just offload myself too. It's just saturated with too many people and not enough buyers. It def consumes too much of my time too.
Im just getting into reselling, finishing up my first 90 days. the money ive made isn't necessarily life-changing at the moment but having a couple bucks trickling in feels like im moving the dial a bit. Ive been unemployed for months and figure might as well give it a shot, i have nothing to loose but my time at this point. Im just selling clothes around my house trying to make a couple bucks and end this year with a little (ideally alot of) cash in my pockets. Job market is hot garbage and i dont know what the future holds for me in terms of work. For now im doing what i can control and listing daily, rolling with the punches.
people woke up and realized they were being scammed, especially in the sneaker market but also in the trading card market. there's a difference between being a proper reseller and just being a horrible human being and using your money and bots to buy out a product just so you can resell it at a higher price. the companies are also fighting back in a lot of different markets, nike and the pokemon company for the last year or so have been actively fighting against scalpers. economy is also down. lots of different reasons.
My boss has had her consignment store for over 30 years. It’s been rough for her lately, but there are factors affecting the stores location that has hurt besides the economy.
Totally! I recently joined a Facebook group for consignment store owners and it’s a whole other landscape I’m learning more and more about! So many factors outside of our control
You made some interesting and valid points. What I’m seeing from the resellers on you tube ( I’m not a social media follower) is that they purchased a lot of items that are not desirable or have lost their value due to over saturation and they are trying to downsize. The resellers that keep up with the hot brands and trends are doing well. Either you love it or you don’t. If you love it it’s easy and fun. If it’s not fun anymore do something else. We are multidimensional beings and we can have, do, or be whatever we want if you understand how the universe operates. Thanks for sharing. 💕🥰💓
Dont think its "keeping up" with hot brands, its having access to them. Some resellers are lucky enough to have access to good inventory that is priced cheaply enough to flip. Some dont. For example, my closest bins location is 2.5 hrs away so I source from local thrift, which doesnt have a large amount of "hot brands". Its not I dont know good brands or Im not looking hard enough for them, I go through entire racks, but if youre in a mid sized city with a low income demographic you arent going to be finding much, thats just how it is. I find enough for supplemental income but would literally have to spend all day everyday in Goodwill to make a fulltime income and even then it wouldnt be what I could make in my current career path. You could also be in a large city but in an area where thrifted items are high priced and you dont have access to the bins easily.
thank you for this comment! I think that if you love reselling, the work that it takes doesn’t seem so daunting. It’s still a lot of work, but if you enjoy it, you’ll do what’s necessary to get the job done. And that can be said for any profession or hobby or passion!
I agree with this! I think some can argue that you can just source online or find other sources for inventory, but that also requires resources that aren’t available for everyone. I know sellers who have a great pulse on what’s hot and what’s selling but simply the act of reselling just doesn’t bring them joy anymore so they’re pivoting!
Resellers should never depend on RESALES for their income unless they drop ship (from China). It should be a cushion job, it should be a part time gig. You put a lot of time going out sourcing and then listing the items. Time is money. You would do better with a full time / part time job.
It hurt me too. I had to step back and did so for 6 months! I just started back, albeit scaled way back. I've also chosen to pursue other streams of income. Everything you said is so true! Thank you for being honest with everyone and giving future resellers pause. I actually felt better after watching this video because you validated my experience. Mahalo!
I've been reselling since 2014 on ebay and watching RUclips videos from different channels since then. Its crazy that today is the 1st day your channel ever showed up in my suggested videos. New sub here!
There has just been a large influx of new resellers who are also making videos about reselling. So it seems like there are a lot of people quitting, when it is more likely just because there are more voices talking. They are the ones quitting and it has been like this forever. I have been reselling for decades and there are trends where reselling gets popular, then it gets a little harder, and many underperforming resellers quit.
I've been reselling for 8ish years, and yes, I'm still doing it but I've been putting way less time and energy into it. My sales started to plummet for no real reason, I tried and pushed and nothing has brought them back. I'm now selling my art as a supplement and loving it.
I’m not a reseller, but I am a business owner in tech, and a lot of the sentiment you shared about your goals, the realities and your desires very much are relatable to me. Business ownership is hard, period. I loved what you said though- your goal is to be an owner, not an operator. Such a great distinction between the two. Good luck on your journey!
I have been on eBay since 2017 but only got into it in the last couple years. Don’t sell much but I’m in it for the long haul so hopefully it’ll become more profitable as I learn the ropes. 🤞🏼
I’ve watched you since I’ve started reselling. You are speaking gospel truth K! I think it’s several avenues like you said. It’s been a journey. I’m just chuggin along. Love your vids!!! ❤
I feel like reselling is a marathon not a race. You really have to roll with the ups and downs of sales like any business. Learn to pivot, make changes and adjust. Always take accountability and really put the work in. It requires A LOT of work but to me it’s A LOT of easy work. I come from corporate retail so the flexibility reselling has given be while being a SAHM has been priceless.
Great observation, I think your pretty accurate with the state of reselling. My journey was similar, started as a part time reseller in 2013, mostly eBay and then Discogs, but did lots of record conventions. Went full time in 2021, I was cautious and made sure I had a good stockpile of unlisted inventory and a storage setup and sorted. Also saved a good cushion in savings because I wanted to be able to pay bills for a year if something happened and also to buy the good stuff and collections when the opportunity presented itself. My thought would be that some people that started reselling during covid weren’t prepared for a downturn in sales or diversified in knowledge on what things to sell. The longer I have been a reseller the more things I learn, I sell all kinds of crazy things!
It’s not necessarily that everyone is quitting it’s that wannabe resellers are quitting which is good for the rest of us. It’s more that people have gone back to buying in person like they used to. Things always happen like this. When selling online became popular and stores closed I knew eventually online selling would slow down and stores would start opening again, and that’s what has been happening. You also have people leaving the selling platforms and going through Shopify to get their own website. I’ve seen a lot of people saying that they are leaving the selling platforms to go through Shopify.
I think it's more of the economy than anything, and on top of the economy this is an election year. During election years the economy gets weird, because both, businesses and customers pitch pennies until they have an idea of which direction the economy will go. This time around is much different with more social issues happening, and now with the stock market not doing well, and the possibility of a recession, both online and offline, businesses have been slowing down due to the uncertainty, Talking to many people, the majority have been saying, that businesses are starting to cut back and lay off, and they are afraid of how it will affect them, as a result they are saving money. I believe that reselling will once again pick up, how-ever it will take awhile, and whoever stays the course will become a bit wealthy. Why? because when you quit reselling, it will be much better for the season reseller, and for new resellers because, prices will eventually drop, there will be much more merchandise, due to less competition. Remember the old sayings, "What goes up must come down." & "History repeats itself." and this is what we are seeing now. a combination of the the late 1970's into the 1980's & a bit of 2008-2010. I believe we are in a transition and a reset, only difference from the 1970's & the 1980's is we are in a technology age which is still fairly new. I foresee the business world and how we conduct it will completely change.
I closed my eBay store for good last week. I was doing ok, listing 10 per day and selling 7-8 or so. After really looking at the numbers, it just wasn’t worth it anymore. I was paying EBay about 25% per sale (10% promoted - if you don’t, you won’t get traffic). My thrift had nice things but mostly mid stuff you can sell at $20 but at $8 cost and after all the fees, there’s hardly any profit. The banger stuff was rare to find due to GW keeping it for their online store and whatever slips through gets picked up by other resellers. I tried flea market sourcing to lower my COGS but the stuff there is lower quality and tend to sit. Anyway, bottom line is the reselling business environment right now is not that great so it’s time to pivot to something else. Why force it.
Definitely peaks and troughs. I am seeing a lot more resellers in my local area this summer. However, the pricing and the ability to maintain lower than RRP prices is becoming quite challenging. Although bizarrely I am seeing people buy at auctions, second hand items above the RRP once the auctions fees and VAT have been included.
People just don’t have money for fun things like trendy clothes anymore, and the ones that do buy it brand new from the store. I think it’s time to pivot into reselling what people “need”.
I've been a reseller on eBay of and on since it first began and I think they may be shooting themselves in the foot with their promoted listings greed. I tested out their variable promoted listings and was shocked that they took 31% of the sale, far more than what the range was that they indicated it would be. This combined with places like Goodwill now reselling online and hiking in-store prices, it's making it difficult to make a profit.
30 years ago, I turned my 30's the big thing was becoming a "real estate investor", 99 percent fail, nowadays everyone wants to be a reseller, 99 percent going to fail, what I learned about life is that business opportunities are cycles everything is temporary everything goes in cycles 5 to 7 years cycles, you must hit the cycles right or just get a pices of the actions.
It's simple there's resellers that have prefiered to sell 100 item at $5 profit each then 1 item $60/$80 profit reselling in bulk has killed the marked there no way to compete with these resellers you buy a shoe check stock X and prices are way below retail
Alot of people were jumping on the train thinking it was gonna be easy. It became fluctuated and now the FOMO people are leaving once those tax forms hit and sales slow down
It's nearly impossible nowadays to resell full-time aside from the obvious competitors. Most people prioritize necessities than wants during this inflation. Moreover, marketing conglomerates like Nike and Adidas are flooding the market with their mass production sacrificing its products' exclusity.
@@PerDiemBabe yes it helps a lot but I'm not making tons. I live with family but I'm unable to work a regular job due to physical and mental impairments but I at least wanna try this to see if I can pay for a small studio apartment and just live comfortably.
I personally have not experienced this. My sales have actually gone up and are at the best They have been in years so I think it really just depends on what area you are reselling in and what category. But I truly don’t see reselling dying at this point in my opinion.
I think have a brick store is a good idea to not count on Poshmark or even eBay is a smart. I’d have a store and still list tho. I’d also encourage cash sales by charging a 3% credit/debit card fee. Good luck 🙂👍
@@Syph-xl9nf i don’t want it. anyone who charges that price for junk is gross. luckily, i rarely see pieces like that on depop actually being sold. they usually stay up for weeks and weeks and the scammer has to half the price to get anyone to buy it.
@@JCizzleSoCal idc. it’s a scam. most resellers are gross and the reason why thrift stores have increased their prices so much. i’m glad no one is buying their junk anymore
Reselling isn't dying. It had an over inflated boom due to several factors, RUclipsrs/Influencers, Lockdowns, and popularity of thrifted goods. Now, it's just balancing itself out.
this is whats called supply and demand, since 2020 its been bad for the fulltime sellers, part timers came in with the stimulus $$$$ and flooded the market and now the middle $$$$ went to nothing, the rare went to uncommon and now the common is trash. media was $$$$ now its tanked same with clothing and other items/categories, always going to be booms like cards and vhs due to grading and collectors wanting extra $$$. the goal is to keep getting items that are in demand but doesn't have a ebay print out along with it as a sticker price. always people come and go. its simple. if you can make more at a job go get a job reselling isn't for everyone.
I just started selling and was scammed immediately im so livid! So a buyer received my package and said the item which was a Prada hat was not in the dustbag he even went out of his way to take pics and it looked like he was staging a crime. He opened a case and claimed he didnt receive the hat. He's obviously lying so he can take the money and my Prada hat. Do you have any advice? Poshmark's customer service hasnt replied to me. Please help😭
I don’t think the job taking up so much energy is unique to reselling, it’s the nature of being self employed/entrepreneur. I do agree that resellers tend to rely too much on marketplaces for sells instead of building their own brand, which is more work in the beginning but well worth it in the long run.
I don’t think it’s unique to reselling either. It’s just the only kind of business I’ve known for the last 10 years so it’s really all I can personally speak on.
This is probably the worst year so far for me as well. I mainly do toys and collectibles. Items that would normally sell out instantly sit there. Collectors now just wait it out for clearance to buy or for the items to hit discount stores. I have enough capital to buy these itmes on clearance and hold for a few years. I create a constant backfill from years that i just rotate out when the item is no longer available. Its like aging wine. 😅
Its majority the ones who hopped on the trend when it gained popularity.. They realized how much work you really have to put in and quit or long time sellers who simply failed to adapt
PM is a side kick for me im retired from what i see some resellers are asking a lot of money noticed you can buy brand new items for what most are asking!
People just really dont have money in this economy. I was making around $25k a year on the side reselling jeans from 2020-2024 but the last year slowed down tremendously. Make sure you all go out and vote this November. Theres only 1 man who can fix this economy.
I would be very excited for my business if Trump gets back in office. I started reselling in 2020 and although it was easier then I have never been a reseller when the getting was real good. Especially since I have scaled up so much. 2019 the economy was booming! I would love to see what a great economy could do for me!
Sorry but Trump supporters and comments like yours show how little you understand about economics. It's not as simple as who is president when you have complex global economic issues coming out of a global pandemic! If anything, the pandemic was way worse than it should have been thanks to Trump ignoring the measures and procedures put in place by prior presidents, including Bush Jr. who was obsessed with preventing a future pandemic. And Trump tying the hands of our global health teams abroad who detect and stop diseases abroad that have the potential to cause a pandemic period! Yeah, let's just put that guy back in office. Makes total sense. Not to mention, government and the Federal Reserve are separate entities. The President has no authority over the Fed. Currently, it's interest rates that need to come down - that's the Fed's decision. And given this month's reporting on spending and the economy, the Fed is likely to lower rates when they next meet in the fall. None of this, would Trump be able to do anything about.
Honestly, I've been reselling since 2012 and ppl quitting reselling is normal. Some of the big resellers are retiring from reselling or moving on to other things. I love reselling but it does have it's ish, if you take your reselling money and put it in something else you can quit when you want. Reselling saved my azz and I've been able to invest in other things. One day I will quit but not now, I just take breaks.
I think it’s different for everyone! I’m focusing on running my store and pursuing RUclips, but I’m not going to be focusing on reselling content anymore
Well hairy tornado recently said RUclips and whatnot are the most revenue. eBay is only like 20% of their revenue now! He also acknowledged that his “content isn’t meant to be relatable anymore, it’s meant to be entertainment.”
MogiBeth, TechNSports, Magical World Of Thrifting, Bargain Hunters Thrift, Cincinnati Picker, Pro Duo Flippers. Ones who have left eBay for other platforms: Philly Flipper, Hairy Tornado, Berner Brothers, Upcycled by Bri, Burbank Sports Cards, Lindey Glenn. It is actually quite an exhaustive list.
@@wendyheusel6046 lol I mean they are making a lot from reselling but they are also knvesting that money on other passive income can’t just have one source of income busy
I wouldn't say it's dying. I'd rather say that the trend is dying off. Alot people hopped on the train but some of us have been doing this for the long run while others have created death piles getting into reselling and realizing the reality of how it works
that and price increases
It’s just like the keto diet… everybody jumped on board and then it died but for people like myself, it’s about health not a crash diet. Not everyone can go the distance with anything.
I think that is for a variety of reasons, one reason, is I've notice some resellers struggle with change, other sellers, especially the newbies don't like to study the markets by doing in depth research such as, watching business channels, paying attention to social issues that affect businesses online and off line, and others, don't want to put in the work, they think it's just fast easy money they can make. in a retail society nothing stays the same. Just like every season is different from the last season. Every year when Autumn arrives, you will notice, that not every leaf is the same, and last year's leaves were different from this year's leaves.
yup time for me to start doing reselling videos now the hype has come to reality of sweat and tears into the ebay/amazon game
I was a full time reseller pre pandemic. Garage sales, goodwill, and pawn shops had so much to offer. Then the pandemic happened and everyone decided they wanted to resell. They watched a thousand RUclipsrs that said all this stuff is worth so much money and that spawned MILLIONS of more resellers. I never say I’m a reseller anymore because it has a stigma to it now. Theres just not enough to go around; even 80 year old men are asking for video games at every garage sale. RUclipsrs vlogged themselves and every pre pandemic reseller out a job. None of this is directed at you, just something I’ve wanted to get off my chest for a while and saw your headline.
yup, buying video games was so easy 2004-2016. I can't believe gameboy advance pokemon titles are $100 lose cart now. Its not even a rare game with 30 million copies sold.
Yes! Everyone that is thinking about quitting reselling probably should! (Starts rubbing my greasy palms together)
yup let me get the door for you! haha and all that old inventory pennies on the dollar
1. Despite what the media says, most people are struggling financially right now so aren't buying. 2. Too many resellers. 3. Cost of goods increased too much. - WW
Yeah and all these young bozos and Hong to vote in Harris and it’s going to get seriously worse.. so stupid
more resellers = less money on the items use to be, ya search something maybe find 20 listings now 100
Despite what you're saying, the facts show that there's always people who will struggle and these things are cyclical, but the economy isn't that bad. Too many resellers, everybody following the crowd, it was never sustainable.
@@apeacefulmindx the economy isn’t that bad? it’s not that bad compared to what, the great depression of 1920s? This is one of the worst economies in history, but you must live on delusional Democrat Island with Harris.
@@apeacefulmindx The economy isn’t that bad? What are you comparing it to, the great depression? Inflation that Is out of control, unemployment is on the rise and families can’t afford groceries. Get Your head unburied, you sound ignorant.
I am a reseller and am personally seeing an intense drop in reselling. I think especially with the economy, consumers are expecting lower and lower pricing and as resellers, we put a lot of work and effort and can’t afford to price items so low. I’ve had days where I was packaging for 7 hours. Our time is worth something and I think this is where we are getting burnt out.
all about buy cost, ive been buying/reselling since 2010 fulltime, they all come and go just keep focused and buy low and sell high its simple
It doesn't help when platforms are getting greedy and taking bigger cuts of the pie as well.
Resellers help reselling in soooo many ways … the cause of thrift shops raising prices and ruined ThredUp by opening their mouths online too much
I noticed the big resellers (like hairy tornado & eBay princess) have quit and gone to live selling on “what not” which is not attainable for regular people like us without a huge fanbase or following. He also said his content is no longer meant to be relatable, it’s meant to be entertainment as eBay reselling is only 20% of his revenue now. Definitely a huge shift in resellers only staying afloat because they turned into RUclips personalities.
Your wrong your so wrong I know a reseller who’s been making 300k a year for 2 years straight and still increasing don’t know it til you try it just cause someone said it’s dying doesn’t mean it is stop listening to what others say and do what you want
@@Syph-xl9nf You're X 2😑
yes many of these RUclipsrs are into the live selling, which is not viable for everyone, especially the ones that don't have a RUclips channel with many followers.
@@vaderladyl your wrong again I know resellers who make a killing on eBay
@@Syph-xl9nf I was never wrong, you assumed obviously. I never said there are no successful Ebay sellers, I know several myself and i am one.
I am pointing out some issues that some Ebay sellers do encounter, what you or me have observed doesn't mean the totality of what is going on.
I started reselling part time in 2021 with the hope of eventually going full time. Fast forward 3 years, I am 100% content with it staying a part time gig for me because there is just too much uncertainty. Not to mention the burnout. As for the live selling: I see people all the time asking "how are these people making money when they're selling things for $3-$5?" The gag is, THEY'RE NOT and they're just not telling anyone. There is a reseller who was very open about her experience and said she was losing money and that she was going to prioritize Poshmark again because she listed 5 high value items and made more money than she did selling 100 items during a 4 hour show.
Great video as always!
I think some of the thrift stores have raised the prices so much that it’s killing the business.
Nah it’s balanced got a bunch of thrift stores that keep there prices the same
Agreed
shipping is killing profits
@@craigman7262 not even
@@sandralee6848 thrift stores raised their prices because of resellers. now thrift stores are unaffordable for the people who actually need them.
No, "everyone" is not quitting. I for one am just getting started.
Let’s gooooo!
lol I like that mentality 🎉
The majority has left the space full time.
Well don't quit your day job and don't expect much cause it's the worst year ever for many of us
I love reselling. But, it's never been something I wanted to do full time. 2019-2021 was the peak because of COVID. People were stuck at home To me, reselling is a hobby and it's a break from my regular job! I hope it never goes away completely.
Oh I don’t think it’ll go away completely!!
This! Don’t want to do full time or go big. I love a great flip and help someone find that random thing they’ve been searching for.
Same
It will never go way but the ones that do it just because it is a trend and they thought it would be fast money will.
I think it has a lot to do with the economy. The last year & a half has been rough so I ended up getting a part-time job in January. I sell mostly Plus Size Women’s clothing which are in high demand but I think People just don’t have that extra spending money that they had 2-3 years ago. I do think things will eventually get better. I feel so much better doing reselling part-time vs full-time. Great video ❤
2019 was definitely a peak for me also. I’m definitely scaling back and I’ve been reselling a very long time. Back when I started Poshmark was new and I’d list it and it would sell pretty fast. Now it takes a lot longer and buyers are wanting it dirt cheap. I don’t like the live selling.
My sales started declining roughly around the same time as Posh launched live sales. The past couple months have been dire. I am so glad it is only a side hustle for me.
@@styleonrepeat I definitely agree. The live sales have definitely knocked the bottom out of the closets that don’t want to live in front of a camera. It’s so sad to see so many of us who have been around so long. Cutting back or leaving. I’ve been listing my items not listed and not buying anything until I decide what my next step will be. Who knows maybe it will bounce back but it would be surprising if it did.
"Buyers are wanting for dirt cheap"
I agreee and that's one of the reasons why I've stepped back from reselling for now. A lot of work for little profit
@@arioutlaw I absolutely understand. If my closet wasn’t mostly all set up to were I can get away with only adding a few items a week I would have mine on vacation for a while myself. I have so much inventory and I cringe at what I’d have to do to get rid of it all.
@@arioutlaw yes. They low ball you thinking you get everything at the bins for almost nothing. And so what if you do?
The trend for the ones that are very recent to selling, might be ending, but we sellers of 25 to 30 years plus will continue here. This is not for the faint of heart and it is a lot of work, so if you cannot handle that, better quit now.
I completely agree with you. I’ve been a full-time reseller for 10 years and started reselling back in 1992, but I’ve never seen anything like this. The changes Poshmark made have really hurt our sales, and I don’t think they’ll bounce back. Live sales, while enjoyable, have also driven down the value of clothing because people know they can get items for less. After 2020, with retail stores reopening, there’s been a general downturn in retail, especially with the fast fashion industry taking a hit. More people are shopping at places like Goodwill, which increases competition for us.
For me, the biggest change was in social media. I was 100% involved in influencing, teaching, and engaging with the community, but the negativity and lack of appreciation really got to me. I became resentful and started to dislike the entire industry. I ended up erasing my Instagram and stopped making RUclips videos, even though I still enjoy watching yours-so don’t stop! I’ve since pivoted to a new direction that makes me much happier. Now, I use reselling for extra income, listing when I feel like it, whether that’s once every two weeks or 100 items in one week. It’s not the same anymore, and I know it’s not just me. I scaled back from having a warehouse and pursuing a larger business to finding a better path, similar to what you’re doing.
This! You and this comment are exactly why I made this video! You get it 🙌🏼 I’m so happy you’ve found a new direction that fits your life now!
I’m a 2021 starter. I’m in it to win it, here till the end
You started during the Covid years, like many many resellers did.
buy low , sell high its simple
@@bobbythebuyer I disagree. Buy low, sell low. The objective is to turn your inventory as quickly as possible. Too many sellers hold out for top dollar, then whine when their items don't sell. Buy it low, sell it low, move on....
@jerseybuyer9897 depends how ya get your inventory all about profit
I’m one of the ones who quit reselling - sometimes I get an itch to source when I’m in stores, but then I remember it was rarely worth my while.
Honestly it’s so classy to see someone admit that they don’t know what they’re talking about fully and refrain from debating the topic. So many people now want to act like they know everything and it’s refreshing to see young people with the maturity to speak so professionally. It shows character.
I agree it is commendable to admit you dont know. On that note you should do some research because at this point its very important
@@lauraancona7719sorry if I’m misunderstanding, but what importance are you referring to that needs to be researched?
@@cameronrichardson974 What I meant in my comment was yes it’s nice when you admit you don’t know enough to speak on things. Although the world is a 💩 show at this point. It’s important to do research, not listen to celebrities who will never need anything, they don’t have your best interest at heart ! Really research so you do have an opinion and understand what’s going on and to try to make the world a better place for the younger generation
This was a good conversation. I think reselling can be lonely and it’s hard to stay motivated sometimes. It’s not easy, but it’s much easier than some of the jobs I’ve had before. I can understand how people get to a point where they want a change though. I still love it, but that might change or morph into something else. It’s an adventure ❤ Thank you for your videos
Totally! Thank you so much for watching!
Honestly, I see a lot of resellers that don’t go after the sale. For example: I “liked” 14 pairs of pants on Poshmark and only 2 sellers sent me an offer. I posted about this on a FB page and was bashed by some sellers who told me they weren’t mind readers and if I wanted the item I should have made an offer myself - yet they complain about slow sales. 😲. They don’t work for it. 85% of my sales are because I send offers. I’ve been selling on 3 platforms since 2017. Reselling is a TON of work and people need to realize it’s not a substitute for a ‘regular’ job that provides medical benefits and retirement.
I send offers on everything as often as possible. I give 20 percent automatically and then about 1-2 weeks later I will send a 30-40 perfect offer. I price my items accordingly to do this. I still do well with this mechanism, but I think the economy is dragging things down a lot regardless.
Im doing actually well reselling full time and i love it. Maybe becauee you know longer need reselling you are ok with it going away. Im better than i was in reselling in 2020
Basically it morphed into live sales with employees
THIS! People are killing it on Whatnot. There are STILL sales to be had on Posh and the other sites. There are plenty of sellers who are doing great!
my experience with resellers is that they want everything for $1
lol fr they be stingy asf
@@craigman7262stop cursing its a sin dude
same as buyers!
This has definitely been a interesting business cycle. I think the 2020 resellers who poured in have reached the point of exhaustion stemmed from misunderstanding what this industry is during normal times and bad times. I love that they are getting weeded out
Agreed!
100% agree with you, I wish more people talked about this. I feel like so many people paint this picture that is not reality and if you aren't were they are or doing as well as them, it feels like your failing. Nobody talks about how they failed, what they did to adjust or pivot in their business. This is so important and makes others feel not alone when it happens to them. (I have found a few creators that have but majority do not). Thank you so much for talking about this and really appreciate you just being real in all honesty. I just subscribed also :)
im not QUITTING Reselling, ive been reselling since 2018 and ive expanded my business into making my own hand made jewelry now so im only making my business bigger, so i dont know who you are watching online, theres still so many resellers that are OG's that are still in their reselling business, just from what i have seen.
I hate how resellers buy so low and brag about it ….then sell high.
It hard to be a reseller for the reasons you mentioned but plus others. The market is over flooded by resellers. Popups, cons and flea markets. To many sellers not enough buyers. I been in the reseller biz for 20 yrs now. I love it. I retired and come back. You just hav to be 2 or 3 steps ahead of others. Yes follow the trends but look down and maybe start a trend or 2.
Yep! By the time the RUclipsrs tell you waht to buy it's too late for that trend, most of the time. Items are saturated; nobody wins.
If you are selling unique items or any items that hive a high STR at fair prices, you will always have a good business. If you are trying to sell clothes like the literally thousands of other sellers are, you are going to have a much tougher go at it. Ebay will Never be an automated business and actually most businesses will Never be automated. I think most everyone is quitting because they are realizing it is real work, just like most all other careers are. Good luck in your b&m store.
hence i do it as a side gig. Part of the fun is hunting for a good deal. Relying on it to pay bills would feel like a drag honestly.
Exactly it is real work and people don’t seem to understand that you gotta be committed to it if you want to be at it full time I be reselling 2 years and I just touch 200k on eBay it’s really being consistent and staying organized I see why people quit is because they thinking of the fast money and valuable items
My thoughts exactly! I've been reselling for 20 years. It's definitely not the same...... Takes up your mind & energy 24/7. I work in a school, & now do this very part time because it's definitely my number 1 passion. Looking for something else online if anyone has suggestions ❤️❤️
Selling clothing, in my experience, is one of the most challenging ventures to turn a profit in, unless you have the necessary experience, connections, and infrastructure to support it-qualities which you clearly possess. Clothing is highly accessible to new sellers, who often source their inventory from thrift stores. However, many quickly become disillusioned because the demand and profit margins are simply not there. Smaller operations, in particular, struggle to generate enough demand. Additionally, the prices of new clothing have dropped to the point where they are sometimes cheaper than what is available in online resale markets.
For the most part, I consider the clothing business to be dead for small-time or part-time sellers, which is why so many are exiting the market. Unless you scale up significantly, as you have, I don't see selling clothing as a worthwhile pursuit. I've been a part-time seller for about five years, focusing primarily on electronics. While I've branched out into other areas, including clothing and shoes, I've amassed a dead pile of unsold items. Yet, through this experience, I've learned to identify unique pieces that can command a high price relative to their investment. So, I still occasionally pick up clothing if I know it will sell.
However, there's no way I could sustain my business if clothing were the core of my sales as a small-time seller. To be frank, if it weren't for my expertise in electronics-particularly in repairing and refurbishing them-I would have been out of business long ago. Reselling is extremely tough these days, and not everyone has the additional knowledge required to repair and refurbish items that can actually sell.
Since there has been such an influx in online sales everyone even remotely associated with it has tried to cash in. Shipping companies, thrift stores, and even the online sales platforms are in it to get as much as they can out of it and it does nothing but raise the prices. But isnt that the way it is all over right now?
I love flipping; when I discovered people “reselling ,” it was great! 2019-2021 was the optimal time to stack. I maintained a full time job but always used “resale”; side hustles and extra money and used it for investments that make more cash flow. Basically have more gears make gears in the money machine.
Absolutely agree.
I agree with everything you said, especially concerning Poshmark. PM does too much algorithm adjusting to and experimenting now, you cant ever reliably make it happy anymore. It makes me not want to sell on PM so that they arent rewarded for changing things up so often.
Reselling is and has always been a side hustle for me, because I cant source enough to make a full time income where I live. But now, Im reconsidering whether or not to continue with even that. I pay $5 on average for my items, I cant compete with resellers who have access to the bins. And on top of that, youre right, alot of people are more comfortable thrifting now than they used to be. So who knows? Im going to stick it out til the end of the year and if things dont pick up I think Ill be liquidating / donating and changing up my routine... and maybe leaving PM all together.
Absolutely! I think we need to just emphasize and normalize that reselling full time doesn’t need to be the goal. There is beauty in pivoting and being grateful for something that served us for a season, but also being ready and open for whatever’s next! Good luck to you on whatever you choose to do! ☺️
Part time job part time resaler is the sweet spot.
Same! I need lots of flexibility with my schedule. Reselling is my passion and love a good flip. But p/t job gives me guaranteed income.
I can't work a normal job anymore due to having an ankle injury and some issues with my eyes and anxiety so my hope is for my reselling to become full time so my 36 year old ass can move back out of my parents house and I can take care of myself once again. I moved in 3 years ago when things got really bad for me. I am thinking of at least starting online schooling so I have some kind of career or something to fall back on so even if I have to get a "normal" job it's not so many hours so I don't have to over work myself with my issues and I can use reselling as supplemental income
Not really you can full time resell and you have the most freedom ever
That's me. Sign me up. I keep my full time job. I keep around 300 items. I make around 1k per months with just a few hours invested..
I wouldn't say it's the end, just ppl who jumped on as a trend saw it's a hard work..and gave up..or due to income issues, the went back to 9 to 5
I do not resell, but i did want to say that i just won't pay most of the prices resellers want. Also, I love to thrift myself and rarely is there something i just have to have. I am always willing to wait to get the best deal.
I do not think it is dying. Now, people are more open to buying second-hand clothing and thrifting than ever before.
Agree, the data shows that secondhand online is going to continue to grow and explode, actually. Stores are having a tough time because people are used to shopping online.
I was full time from like 2019-2021 and then went part time to a job. Fast forward to now i have a part time remote job i love, still resell on the side, also dog sit and i couldnt be happier. Its a great balance for me & im doing sooo much better financially. And mentally! The unstable income was not it for me.
Also i relate to so much of what you said- I burnt out and didnt want to identify as a full time reseller anymore either. Im not also starting a social media & photography business- a business that doesn’t require any inventory 😂 that also took over my house.
Totally agree. So many are giving up and selling stuff for dirt cheap like not getting their money back. This is the worst year ever for me so I'm kind of thinking this may be my last year and just offload myself too. It's just saturated with too many people and not enough buyers. It def consumes too much of my time too.
I’ve only relied on reselling as a side hustle to navigate some tax thresholds. But there have been some changes recently to make that more difficult.
Im just getting into reselling, finishing up my first 90 days. the money ive made isn't necessarily life-changing at the moment but having a couple bucks trickling in feels like im moving the dial a bit. Ive been unemployed for months and figure might as well give it a shot, i have nothing to loose but my time at this point. Im just selling clothes around my house trying to make a couple bucks and end this year with a little (ideally alot of) cash in my pockets. Job market is hot garbage and i dont know what the future holds for me in terms of work. For now im doing what i can control and listing daily, rolling with the punches.
people woke up and realized they were being scammed, especially in the sneaker market but also in the trading card market. there's a difference between being a proper reseller and just being a horrible human being and using your money and bots to buy out a product just so you can resell it at a higher price. the companies are also fighting back in a lot of different markets, nike and the pokemon company for the last year or so have been actively fighting against scalpers. economy is also down. lots of different reasons.
Too many sellers means not enough sales.
Exactly too many reselling but enough buying
My boss has had her consignment store for over 30 years. It’s been rough for her lately, but there are factors affecting the stores location that has hurt besides the economy.
Totally! I recently joined a Facebook group for consignment store owners and it’s a whole other landscape I’m learning more and more about! So many factors outside of our control
Overall economic conditions since 2021 have made it tough as margins have tightened up. Let’s hope for a rebound soon.
You made some interesting and valid points. What I’m seeing from the resellers on you tube ( I’m not a social media follower) is that they purchased a lot of items that are not desirable or have lost their value due to over saturation and they are trying to downsize. The resellers that keep up with the hot brands and trends are doing well. Either you love it or you don’t. If you love it it’s easy and fun. If it’s not fun anymore do something else. We are multidimensional beings and we can have, do, or be whatever we want if you understand how the universe operates. Thanks for sharing. 💕🥰💓
Dont think its "keeping up" with hot brands, its having access to them. Some resellers are lucky enough to have access to good inventory that is priced cheaply enough to flip. Some dont. For example, my closest bins location is 2.5 hrs away so I source from local thrift, which doesnt have a large amount of "hot brands". Its not I dont know good brands or Im not looking hard enough for them, I go through entire racks, but if youre in a mid sized city with a low income demographic you arent going to be finding much, thats just how it is. I find enough for supplemental income but would literally have to spend all day everyday in Goodwill to make a fulltime income and even then it wouldnt be what I could make in my current career path.
You could also be in a large city but in an area where thrifted items are high priced and you dont have access to the bins easily.
thank you for this comment! I think that if you love reselling, the work that it takes doesn’t seem so daunting. It’s still a lot of work, but if you enjoy it, you’ll do what’s necessary to get the job done. And that can be said for any profession or hobby or passion!
I agree with this! I think some can argue that you can just source online or find other sources for inventory, but that also requires resources that aren’t available for everyone. I know sellers who have a great pulse on what’s hot and what’s selling but simply the act of reselling just doesn’t bring them joy anymore so they’re pivoting!
Resellers should never depend on RESALES for their income unless they drop ship (from China). It should be a cushion job, it should be a part time gig. You put a lot of time going out sourcing and then listing the items. Time is money. You would do better with a full time / part time job.
Poshmark is the worst.
Amen
Yes, I'm about to quit it.
It hurt me too. I had to step back and did so for 6 months! I just started back, albeit scaled way back. I've also chosen to pursue other streams of income. Everything you said is so true! Thank you for being honest with everyone and giving future resellers pause. I actually felt better after watching this video because you validated my experience. Mahalo!
Ahh thank you so much for this comment! and thank you for watching!!
I've been reselling since 2014 on ebay and watching RUclips videos from different channels since then. Its crazy that today is the 1st day your channel ever showed up in my suggested videos. New sub here!
There has just been a large influx of new resellers who are also making videos about reselling. So it seems like there are a lot of people quitting, when it is more likely just because there are more voices talking. They are the ones quitting and it has been like this forever. I have been reselling for decades and there are trends where reselling gets popular, then it gets a little harder, and many underperforming resellers quit.
It’s always a cycle. Lots of resellers getting stuck with inventory that is not moving. Hard to move forward when the cash flow isn’t there.
@@redesignedlife777Very true.
I've been reselling for 8ish years, and yes, I'm still doing it but I've been putting way less time and energy into it. My sales started to plummet for no real reason, I tried and pushed and nothing has brought them back.
I'm now selling my art as a supplement and loving it.
I’m not a reseller, but I am a business owner in tech, and a lot of the sentiment you shared about your goals, the realities and your desires very much are relatable to me. Business ownership is hard, period. I loved what you said though- your goal is to be an owner, not an operator. Such a great distinction between the two. Good luck on your journey!
Thank you so much!
Most resellers comfort zone is it clothing?🤷🏼♂️ that market is saturated.
I have been on eBay since 2017 but only got into it in the last couple years. Don’t sell much but I’m in it for the long haul so hopefully it’ll become more profitable as I learn the ropes. 🤞🏼
Personally I don't have as much disposable income recently with this economy and I know many people in my situation.
I’m not quitting I’m more invested as ever ❤
I’ve watched you since I’ve started reselling. You are speaking gospel truth K! I think it’s several avenues like you said. It’s been a journey. I’m just chuggin along. Love your vids!!! ❤
Thank you! I really appreciate that!
Good. Resellers are a plague.
I feel like reselling is a marathon not a race. You really have to roll with the ups and downs of sales like any business. Learn to pivot, make changes and adjust. Always take accountability and really put the work in. It requires A LOT of work but to me it’s A LOT of easy work. I come from corporate retail so the flexibility reselling has given be while being a SAHM has been priceless.
Great observation, I think your pretty accurate with the state of reselling. My journey was similar, started as a part time reseller in 2013, mostly eBay and then Discogs, but did lots of record conventions. Went full time in 2021, I was cautious and made sure I had a good stockpile of unlisted inventory and a storage setup and sorted. Also saved a good cushion in savings because I wanted to be able to pay bills for a year if something happened and also to buy the good stuff and collections when the opportunity presented itself. My thought would be that some people that started reselling during covid weren’t prepared for a downturn in sales or diversified in knowledge on what things to sell. The longer I have been a reseller the more things I learn, I sell all kinds of crazy things!
It’s not necessarily that everyone is quitting it’s that wannabe resellers are quitting which is good for the rest of us. It’s more that people have gone back to buying in person like they used to. Things always happen like this. When selling online became popular and stores closed I knew eventually online selling would slow down and stores would start opening again, and that’s what has been happening. You also have people leaving the selling platforms and going through Shopify to get their own website. I’ve seen a lot of people saying that they are leaving the selling platforms to go through Shopify.
I think it's more of the economy than anything, and on top of the economy this is an election year. During election years the economy gets weird, because both, businesses and customers pitch pennies until they have an idea of which direction the economy will go. This time around is much different with more social issues happening, and now with the stock market not doing well, and the possibility of a recession, both online and offline, businesses have been slowing down due to the uncertainty, Talking to many people, the majority have been saying, that businesses are starting to cut back and lay off, and they are afraid of how it will affect them, as a result they are saving money. I believe that reselling will once again pick up, how-ever it will take awhile, and whoever stays the course will become a bit wealthy. Why? because when you quit reselling, it will be much better for the season reseller, and for new resellers because, prices will eventually drop, there will be much more merchandise, due to less competition. Remember the old sayings, "What goes up must come down." & "History repeats itself." and this is what we are seeing now. a combination of the the late 1970's into the 1980's & a bit of 2008-2010. I believe we are in a transition and a reset, only difference from the 1970's & the 1980's is we are in a technology age which is still fairly new. I foresee the business world and how we conduct it will completely change.
I really appreciate this perspective! I’ve noticed a lot of small business in my town closing as well because of these same reasons.
I closed my eBay store for good last week. I was doing ok, listing 10 per day and selling 7-8 or so. After really looking at the numbers, it just wasn’t worth it anymore. I was paying EBay about 25% per sale (10% promoted - if you don’t, you won’t get traffic). My thrift had nice things but mostly mid stuff you can sell at $20 but at $8 cost and after all the fees, there’s hardly any profit. The banger stuff was rare to find due to GW keeping it for their online store and whatever slips through gets picked up by other resellers. I tried flea market sourcing to lower my COGS but the stuff there is lower quality and tend to sit. Anyway, bottom line is the reselling business environment right now is not that great so it’s time to pivot to something else. Why force it.
Definitely peaks and troughs. I am seeing a lot more resellers in my local area this summer. However, the pricing and the ability to maintain lower than RRP prices is becoming quite challenging. Although bizarrely I am seeing people buy at auctions, second hand items above the RRP once the auctions fees and VAT have been included.
People just don’t have money for fun things like trendy clothes anymore, and the ones that do buy it brand new from the store. I think it’s time to pivot into reselling what people “need”.
I've been a reseller on eBay of and on since it first began and I think they may be shooting themselves in the foot with their promoted listings greed. I tested out their variable promoted listings and was shocked that they took 31% of the sale, far more than what the range was that they indicated it would be. This combined with places like Goodwill now reselling online and hiking in-store prices, it's making it difficult to make a profit.
30 years ago, I turned my 30's the big thing was becoming a "real estate investor", 99 percent fail, nowadays everyone wants to be a reseller, 99 percent going to fail, what I learned about life is that business opportunities are cycles everything is temporary everything goes in cycles 5 to 7 years cycles, you must hit the cycles right or just get a pices of the actions.
It's simple there's resellers that have prefiered to sell 100 item at $5 profit each then 1 item $60/$80 profit reselling in bulk has killed the marked there no way to compete with these resellers you buy a shoe check stock X and prices are way below retail
Completely agree with everything you said! Subscribed!
Thanks!!!!
I think it is interesting how many resellers who are quitting or downsizing also sold courses during Covid.
Alot of people were jumping on the train thinking it was gonna be easy. It became fluctuated and now the FOMO people are leaving once those tax forms hit and sales slow down
Nice...more sales for me!
It's nearly impossible nowadays to resell full-time aside from the obvious competitors. Most people prioritize necessities than wants during this inflation. Moreover, marketing conglomerates like Nike and Adidas are flooding the market with their mass production sacrificing its products' exclusity.
Oh I'm just getting started. I found a gold mine of a sourcing spot a mile from my house.
That’s great!
@@PerDiemBabe yes it helps a lot but I'm not making tons. I live with family but I'm unable to work a regular job due to physical and mental impairments but I at least wanna try this to see if I can pay for a small studio apartment and just live comfortably.
@@Smiley35S list everyday and source almost everyday but stay organized and you’ll make a killing trust me
I personally have not experienced this. My sales have actually gone up and are at the best
They have been in years so I think it really just depends on what area you are reselling in and what category. But I truly don’t see reselling dying at this point in my opinion.
Good video, thank you. Yes, markets move. Markets change. Stay nimble. Good luck.
I still really love shopping online 😅
I hope they all quit 👍🏻🙏🏻make me more money 🎉
RUclipsrs killed the goose
I think have a brick store is a good idea to not count on Poshmark or even eBay is a smart. I’d have a store and still list tho. I’d also encourage cash sales by charging a 3% credit/debit card fee. Good luck 🙂👍
i think people are tired of being scammed by people who are asking $40 for 15 year old walmart clothes
If people are willing and able to pay a listed price for an item then it’s clearly not a scam.
Well if that’s the market then that’s the price can’t be mad if you really want it
@@JCizzleSoCal idc. it’s a scam. get a real job
@@Syph-xl9nf i don’t want it. anyone who charges that price for junk is gross. luckily, i rarely see pieces like that on depop actually being sold. they usually stay up for weeks and weeks and the scammer has to half the price to get anyone to buy it.
@@JCizzleSoCal idc. it’s a scam. most resellers are gross and the reason why thrift stores have increased their prices so much. i’m glad no one is buying their junk anymore
Reselling isn't dying. It had an over inflated boom due to several factors, RUclipsrs/Influencers, Lockdowns, and popularity of thrifted goods. Now, it's just balancing itself out.
this is whats called supply and demand, since 2020 its been bad for the fulltime sellers, part timers came in with the stimulus $$$$ and flooded the market and now the middle $$$$ went to nothing, the rare went to uncommon and now the common is trash. media was $$$$ now its tanked same with clothing and other items/categories, always going to be booms like cards and vhs due to grading and collectors wanting extra $$$. the goal is to keep getting items that are in demand but doesn't have a ebay print out along with it as a sticker price. always people come and go. its simple. if you can make more at a job go get a job reselling isn't for everyone.
Richie Hustles recommended me to you. Great vids and content!
Very thought out and well spoken video. Great information
Thanks for watching☺️
I just started selling and was scammed immediately im so livid! So a buyer received my package and said the item which was a Prada hat was not in the dustbag he even went out of his way to take pics and it looked like he was staging a crime. He opened a case and claimed he didnt receive the hat. He's obviously lying so he can take the money and my Prada hat. Do you have any advice? Poshmark's customer service hasnt replied to me. Please help😭
I don’t think the job taking up so much energy is unique to reselling, it’s the nature of being self employed/entrepreneur. I do agree that resellers tend to rely too much on marketplaces for sells instead of building their own brand, which is more work in the beginning but well worth it in the long run.
I don’t think it’s unique to reselling either. It’s just the only kind of business I’ve known for the last 10 years so it’s really all I can personally speak on.
This is probably the worst year so far for me as well. I mainly do toys and collectibles. Items that would normally sell out instantly sit there. Collectors now just wait it out for clearance to buy or for the items to hit discount stores. I have enough capital to buy these itmes on clearance and hold for a few years. I create a constant backfill from years that i just rotate out when the item is no longer available. Its like aging wine. 😅
Its majority the ones who hopped on the trend when it gained popularity.. They realized how much work you really have to put in and quit or long time sellers who simply failed to adapt
PM is a side kick for me im retired from what i see some resellers are asking a lot of money noticed you can buy brand new items for what most are asking!
I'm definitely not quitting lol 😆 and I'm doing good
Nobody approves of resellers,they bring the prices up and up and we are sick of them
Ton of people are still reselling😂
This was a great video and I agree 100000%
Thanks!
People just really dont have money in this economy. I was making around $25k a year on the side reselling jeans from 2020-2024 but the last year slowed down tremendously. Make sure you all go out and vote this November. Theres only 1 man who can fix this economy.
Yep, Gov Walz!
Voting is gay. Won’t fix anything.
@joycef8443 really? The man that put tampons in the little boys bathroom.. that's who you want to be in office......mmk
I would be very excited for my business if Trump gets back in office. I started reselling in 2020 and although it was easier then I have never been a reseller when the getting was real good. Especially since I have scaled up so much. 2019 the economy was booming! I would love to see what a great economy could do for me!
Sorry but Trump supporters and comments like yours show how little you understand about economics. It's not as simple as who is president when you have complex global economic issues coming out of a global pandemic! If anything, the pandemic was way worse than it should have been thanks to Trump ignoring the measures and procedures put in place by prior presidents, including Bush Jr. who was obsessed with preventing a future pandemic. And Trump tying the hands of our global health teams abroad who detect and stop diseases abroad that have the potential to cause a pandemic period! Yeah, let's just put that guy back in office. Makes total sense.
Not to mention, government and the Federal Reserve are separate entities. The President has no authority over the Fed. Currently, it's interest rates that need to come down - that's the Fed's decision. And given this month's reporting on spending and the economy, the Fed is likely to lower rates when they next meet in the fall. None of this, would Trump be able to do anything about.
Honestly, I've been reselling since 2012 and ppl quitting reselling is normal. Some of the big resellers are retiring from reselling or moving on to other things. I love reselling but it does have it's ish, if you take your reselling money and put it in something else you can quit when you want. Reselling saved my azz and I've been able to invest in other things. One day I will quit but not now, I just take breaks.
Love your honesty, what better options are you referring to - ideas in fashion space or different? Thanks ❤
I think it’s different for everyone! I’m focusing on running my store and pursuing RUclips, but I’m not going to be focusing on reselling content anymore
I'm curious who those big names are that are quitting reselling. The ones I follow - Commonwealth Flipper, Hairy Tornado, etc. are going strong.
I'm curious too. Sounds like we watch the same people and they are doing well.
Well hairy tornado recently said RUclips and whatnot are the most revenue. eBay is only like 20% of their revenue now! He also acknowledged that his “content isn’t meant to be relatable anymore, it’s meant to be entertainment.”
MogiBeth, TechNSports, Magical World Of Thrifting, Bargain Hunters Thrift, Cincinnati Picker, Pro Duo Flippers. Ones who have left eBay for other platforms: Philly Flipper, Hairy Tornado, Berner Brothers, Upcycled by Bri, Burbank Sports Cards, Lindey Glenn. It is actually quite an exhaustive list.
They are strong because they are on you tube
@@wendyheusel6046 lol I mean they are making a lot from reselling but they are also knvesting that money on other passive income can’t just have one source of income busy