I want to add some finer shading on a couple of points: - Running a reselling business out of a tiny space is NOT IDEAL. This is meant to be a stopgap strategy, best suited either to making a part-time income or carrying you over until you can get more space to dedicate to reselling if you intend to go full-time. - Every part of this will have a learning curve. Especially with things like Whatnot and flipping to buy-sell-trade shops, it will take time to start realizing consistently good returns. Listing items on Ebay that have extremely high demand is the one thing that I think is relatively "plug and play." - Focusing on items with that high of demand is going to take a lot of sourcing. You may sometimes find one or two items like this per thrift trip, or none. It will take patience and discipline. - Use an inventory system that maxes out the space in the closet. I would get plastic bins that are as cubical as possible. Maybe even use stacked cardboard boxes. More advanced inventory systems like long boxes on shelves are going to cut way into your storage space.
What is your take on the new AI in the description area on eBay? I used it a couple times on books, but, overall, I hate it. I write my own detailed description with my own verbiage & and measurements, etc.
@@ThriftALifeIn my opinion, the description comes out sounding very fluff, almost pontificating. They use your title and specifics & come up with a godawful description. Pretend to list a book and see.
Recently I’ve discovered I love selling belts, typically western belts with big buckles or conchos. I can get them at a great price, and they can be rolled up into a box or stored on a hanger in the closet. They take up virtually no space. Thanks for the video, Matt. Hope you’re well.
Good call, forgot about belts. Even just belt buckles, you can throw hundreds of them in a tub. I'm doing alright, thanks. Hope you're well too. Good to hear from you.
You are the only reseller I know that uses a non-bandwagon thumb nail photo on you video (the common "Mouth open wide like you are waiting for someone to cream in it" trope. I have no idea how and why that got started but I'm sure females were involved somehow......this is one of the reason I sub and watch everything you upload and buy your Menswear guide.....Plus you get to the point in your content and not dick people along with "look what i've found today for 67 cents that I can sell for 10000000000 dolla".....Much respect Mr. Matt
I have the Manifesto and have followed you for some time. Many of us deal with chronic pain and sympathize with you. I try to look forward to good days and just deal with bad. Bottom line: Your RUclips friends care about you. I'm a believer in prayer and will have you in mine. Please keep us updated about you...not reselling, but your progress. We care.
The timing of this video is ironic because I just started my freshman year of college, and after one summer of reselling clothing at home (after stumbling upon a Thrift a Life video), I have had to figure out a way to keep my eBay store thriving while only using half a dorm room to live and store items. It’s working so far, but implementing some of these strategies is definitely something I am trying to do. Great video as always, and I want to thank you for your quality content, because following your business model for the last couple of months has become one of the most rewarding things in my life.
Welp, great information. I, at 53 with a 15 uear old. 2 cats am going to have to start all over. I have been looking at campers for the time being and I have a rather large inventory and no place to put it. I needed more time to refine my buying process.
Hi Matt! I paid for the menswear manifesto 5, got really excited about reselling, and my ebay account was suspended a few days after I started listing. Not sure I’m going to get it back. Maybe I’ll try whatnot.
Great information and timely for myself. I currently own a four-bedroom house with a one-car garage and I am looking to sell and rent a two or three-bedroom apartment. I would be using the extra bedroom(s) for storage. Downsizing from an extra three bedrooms and a garage will be a big change. I had an extra storage unit once, but would rather not do that again after the place I was at had a rat problem.
(I only typically do it with furniture and large electronics - for many years before I ever did Ebay I flipped furniture locally, which worked because I had a workspace for restoration and refinishing and tools, and was living in the largest city west of the Mississippi with lots of spendy cats hungry for that MCM bling. The trick was sourcing yard sales in the Valley, restoring/repairing, and selling to Silverlake/Los Feliz. Man I made some insane money)
I want to add some finer shading on a couple of points:
- Running a reselling business out of a tiny space is NOT IDEAL. This is meant to be a stopgap strategy, best suited either to making a part-time income or carrying you over until you can get more space to dedicate to reselling if you intend to go full-time.
- Every part of this will have a learning curve. Especially with things like Whatnot and flipping to buy-sell-trade shops, it will take time to start realizing consistently good returns. Listing items on Ebay that have extremely high demand is the one thing that I think is relatively "plug and play."
- Focusing on items with that high of demand is going to take a lot of sourcing. You may sometimes find one or two items like this per thrift trip, or none. It will take patience and discipline.
- Use an inventory system that maxes out the space in the closet. I would get plastic bins that are as cubical as possible. Maybe even use stacked cardboard boxes. More advanced inventory systems like long boxes on shelves are going to cut way into your storage space.
What is your take on the new AI in the description area on eBay? I used it a couple times on books, but, overall, I hate it. I write my own detailed description with my own verbiage & and measurements, etc.
@@skokiereaders I know nothing about it in specifics but my gut says it's probably to be avoided, unless the Ebay algorithm incentivizes it.
@@ThriftALifeIn my opinion, the description comes out sounding very fluff, almost pontificating. They use your title and specifics & come up with a godawful description. Pretend to list a book and see.
Matt, you are the only reseller I know who would use Venn diagrams to explain reselling. 😂 That’s awesome; I love it.
Recently I’ve discovered I love selling belts, typically western belts with big buckles or conchos. I can get them at a great price, and they can be rolled up into a box or stored on a hanger in the closet. They take up virtually no space. Thanks for the video, Matt. Hope you’re well.
Good call, forgot about belts. Even just belt buckles, you can throw hundreds of them in a tub. I'm doing alright, thanks. Hope you're well too. Good to hear from you.
You are the only reseller I know that uses a non-bandwagon thumb nail photo on you video (the common "Mouth open wide like you are waiting for someone to cream in it" trope. I have no idea how and why that got started but I'm sure females were involved somehow......this is one of the reason I sub and watch everything you upload and buy your Menswear guide.....Plus you get to the point in your content and not dick people along with "look what i've found today for 67 cents that I can sell for 10000000000 dolla".....Much respect Mr. Matt
100% Spot on here
I have the Manifesto and have followed you for some time. Many of us deal with chronic pain and sympathize with you. I try to look forward to good days and just deal with bad. Bottom line: Your RUclips friends care about you. I'm a believer in prayer and will have you in mine. Please keep us updated about you...not reselling, but your progress. We care.
The timing of this video is ironic because I just started my freshman year of college, and after one summer of reselling clothing at home (after stumbling upon a Thrift a Life video), I have had to figure out a way to keep my eBay store thriving while only using half a dorm room to live and store items. It’s working so far, but implementing some of these strategies is definitely something I am trying to do. Great video as always, and I want to thank you for your quality content, because following your business model for the last couple of months has become one of the most rewarding things in my life.
Thank you Gabriel, hope this stuff helps you out.
Lovely message Gabriel im pleased to hear its working out for you , You got this dude 🙂. Great vids Matt does
Thank you sir!!! Absolute GOLD the info shared in this one!! Thank you!!!!
Have learned so much from you!! Love your videos!
Heyy, spotted one of my recent solds in this video! 🎉 Good tips as usual
Welp, great information. I, at 53 with a 15 uear old. 2 cats am going to have to start all over. I have been looking at campers for the time being and I have a rather large inventory and no place to put it. I needed more time to refine my buying process.
Hope all is well can’t wait for the next video
Is there any way you could express the Venn Diagram in boolean logic and/or the predicate calculus. Thank you.
I have a liberal arts degree, so unfortunately not
Great reminder, just keep it moving 🎉😂❤ time to lower my prices and send out offers again 😅
Great reminder to keep the main things the main things
Appreciate the content!
Hi Matt!
I paid for the menswear manifesto 5, got really excited about reselling, and my ebay account was suspended a few days after I started listing. Not sure I’m going to get it back. Maybe I’ll try whatnot.
New-ish reseller. Just found whatnot & curious to how they source such a high quantity of a specific product??
Great information and timely for myself. I currently own a four-bedroom house with a one-car garage and I am looking to sell and rent a two or three-bedroom apartment. I would be using the extra bedroom(s) for storage. Downsizing from an extra three bedrooms and a garage will be a big change. I had an extra storage unit once, but would rather not do that again after the place I was at had a rat problem.
Great video!
excellent video
Thanks!
love!
I flip collapsible dog cages locally where I live.. I buy them for $5-$10 and sell them for $20-$40 typically in a week or two.
Unsaid here regarding selling locally - no 1099s. Local selling might be a pain in the ass but can't complain about the tax advantages.
(I only typically do it with furniture and large electronics - for many years before I ever did Ebay I flipped furniture locally, which worked because I had a workspace for restoration and refinishing and tools, and was living in the largest city west of the Mississippi with lots of spendy cats hungry for that MCM bling. The trick was sourcing yard sales in the Valley, restoring/repairing, and selling to Silverlake/Los Feliz. Man I made some insane money)
(0bviously that isn't in the domain of this video's topic, I just was reminiscing)
@@helpfulcommenter That must have been a goldmine.
I like being called a spendy cat. Thanks. It's good for me, my vibe.😊
@@dawndaly3860 Beats Smelly Cat
If I can ever sell my Seiko watch, I will believe that online selling is a possibility for me. Thanks for the free advice. Buenos noches.
Watches sit forever. And ever. Very slow business
I sold my Seiko 55 Fathoms in about two weeks
@@helpfulcommenter congrats
so trading cards then...
Pretty sure I saw a new scent of Berkeley Gulp soft baits the other day, pretty sure it was Butthole.
New scent same as the old scent
no you cant