Not A Fan Of Ebay Pushing This
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- Опубликовано: 15 окт 2024
- Shopcommons.net Reseller to Reseller Wholesale
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95% or more of the things I sell are items I got for free. Dumpster dived, curb picked, given to me, or they are my own items. It's just how I do it. I can't imagine taking a loan so I can go out and buy things that might not sell. I totally get and respect that that is what people have to do. I just feel bad that people have to go into debt to make money. I like knowing that I don't owe anyone money. Didn't even have a credit card until right around 40.
We started by selling what we already had. We put no real money in. 5 months in and we are loving it. We list every day and source four days a week. We did take a vacation the beginning of quarter 3 but we are looking forward to quarter 4. It’s our first one and we are hoping it will push us to the point we can invest in some storage units. But we save some aside for those emergency finds. Your channel has been such a blessing of information and education thank you!
Debt is the killer of dreams and living within your budget is like breathing fresh air.
It is, as you say Kevin, a person can run a successful reselling business with little to no money at the start, middle, and end.
The first thing I did was get a business checking and savings. I keep a set amount in the checking to source and get supplies, anything over that amount gets transfer to the savings. I do a biweekly payout.
CREDIT is KILLER - I've owned two small businesses - credit debt can quickly add up and your profits are depleted, and you are in the hole! I believe the BIGGEST reason people quit a business is lack of financial understanding. Our businesses are debt free because we WORKED in the front end to benefit at this end. 60/40 split. After the initial start-up expenses as you mentioned: 60% profit / 40% to go toward inventory, shipping supplies (if needed), taxes, miscellaneous (cleaning supplies for example).
If you put 42,000 dollars of cash in a safe back in 1994 it would be worth the same amount. If you put 42,000 dollars worth of forever stamps from the post office... It is now worth 73,000 dollars... Almost worth twice as much today.😂
Has a value of yes, but how much would someone be willing to pay for that much postage?!
@@Animaldrummerpunk Not 73,000. You'd get over inflation, but buying and holding anything is gambling. Only gamble with money you can afford to lose. I gamble at yard sales.
@@OriginalNethead once you spend 42k it’s still worth 42k, but once the stamp is used it’s not worth anything except to maybe a collector hundreds of years from now. Better off putting that 42k in savings as opposed to stamps. The principle of the stamp was just so you didn’t have to worry about adding extra postage when an increase did happen. Probably a better investment buying 42k in video games still shrink rapped in boxes. The value on that from 1994 would be eye opening.
Great Point!
You're absolutely right. The forever stamps can be sold for more than you paid for them. The prices go up and the value goes up for the ones you bought last price hike
Don’t recommend the loan for sure. I read fine print and it states that it sends your info to various loan brokers.
So that means a predatory loan company will mostly likely prey on desperation from some and give out their terrible loans with super high interest rates and high payment plans.
Thanks again for all your knowledge. You're right. My money makes me money 💰 selling coin lots is my game. You've made me branch out to other things. Thank you kindly 🙏
I have some sales but not the best, but I have decided to slow it down on listing and enjoy life.
Same here. Will start back around October.
Rollo is worth the money. Wasted hours messing with the printer.
Ebay has gone WOKE I have used it for a long time it now sucks right from the top
That lantern is cool beans!😊
I was watching Fried Green Tomatoes last night and the Jessica Tandy character asked the Kathy Bates character if she ever had a Fleet enema! Forgot about that part lol!
A Funko Pop just sold for a record breaking price of just over $200,000. This same one held the record at $100,000 for the last few years.
Which one was it ?
Wow!!
@@rollingwithstones which one was it ??
@@autumnmcewing9211 Willy Wonka and Oompa Loompa (Golden Ticket 2 Pack)
I've just paused at the credit card part Kevin, as you know I'm not a reseller, I just enjoy watching, I much prefer watching you guys from America 🇺🇲 as appose to 🇬🇧 Resellers, but anywho, it was a good few years ago, my bank manager offered me a credit card, he tried pushing it for a while{I wouldn't of taken him up on it anyway} even after I said 'I'm unemployed' to try & shut down the conversation, it didn't faze him... I was only there to pop a cheque in my current account! Anywho I'll carry on watching now 👍🏻 Jayne
The way you said Naruto & Gaara 😂😂😂😂
Morning! We were doing good then we went away to see family over the 4th and have had horrible sales since even though we listed the same amount while away.
Taking Venmo...what took them so long? Shopping with spendable funds scared me. If something goes wrong, you only have eBay's "customer service" to protect you, and there's a reason I put that in quotes. I always waited for my money to avoid fees, and started selling with stuff already in the house. eBay loans are for suckers - see "customer service" - if you can't trust them when a buyer is a scammer, why in HECK would you let them loan you money? I always had a separate account for eBay - kept their sticky fingers out of the main one if nothing else. (BTW - Pancho in the plush..Pancho looks like a plush!)
I've been using my spendable funds for years. I also use the scheduled payout and have it as daily so it takes at most 2 days to get my funds with no fees
Yeah it’s the same thing with anything you collect. You’re going to have winners and losers. Funkos can be very valuable especially if you know what to look for. I’d say your biggest hurdle is going to be that a lot of funko collectors want the box in good condition so it’s best to ship them well or you going to have some angry customers.
I opened a separate checking and savings account, not business because banks nail you on that. I've heard to put 25% of your profit to go towards taxes. Is this a good percentage to put aside?
Good morning, Kevin. Have a great weekend.
I do the weekly payments. I was doing the daily but had a few returns. So I switched to cover returns.
They pushed the capitol loan to me the other day. It said it doesn't affect credit and only needed to see sales data over the past 3 months of my account. I went through a few steps and it kicked me out immediately😂🖕
A simple "No, Sorry" would have been fine.
😂😂😂😅😅😅
How do you keep the inspiration to push on? I’ve been doing this on a lower scale for years, more so as a hobby and mostly find it enjoyable. However, lately I feel like I’ve been being dealt bad cards. Shady sellers, lower selling prices, slower sells, ect. I know the economy is struggling and I’m not selling “need” items, but I’m just in a rough patch mentally and struggling with inspiration to press through the tough times. I do it to help with income and pay for my own collecting habits, however it’s starting to feel more like a bad job rather than a fun and fruitful side gig. Any words of wisdom when dealing with the storms of uncertainty?
I have a personal checking and one I call my eBay checking. Everything I earn goes into that eBay account and everything I spend money on for reselling is paid for out of that account...gas, boxes, bubble wrap, yard sales, auctions, estate sales, etc. I paid for my new phone from that account because my phone is primarily used for taking photos for eBay (it's my expensive camera 😂) and if I buy materials to use for cleaning goods (paper towels, etc.) I use that account. Everything remotely related to reselling goes into or comes out of that account and I can figure out the percentage of use for the "business" later. I'm saving for a cross country move in Nov. so the funds aren't "mine" in my head. I can't imagine trying to sort through one account to determine what was for reselling and what wasn't. I do the "transfer and wait a day" with my eBay funds and I transfer a few times a week. I don't like my money sitting in someone else's cash drawer 😉
Just so NO to debt... 👍
They've been doing the instant transfer for awhile,that was costing a certain percentage of the amount you transferred but just last week they switched to a flat $2 to transfer instantly. Not bad if you have a few hundred dollars on ebay that you need ASAP to purchase some great inventory you find.
Are you shopping the 21 road market 100 mile yard sale? I grew up along 21 and go every year an saw your videos from last year, what are some tips for it?
Not much strategy to it to be honest. Pick a spot and head north or south for me.
Love the shirt, that’s my favorite movie! 🤠
Not happy ebay stopped PayPal 4 payment plan
Do you auction off old items? I have a bunch of beetles and beach boys 45 records. I put up the beetles record “can’t buy me love” seen some sell for $1500 so I just put it up and asked for $500. Got an offer right away for $300 but countered at $400 and no response. Did I make a mistake? Should I do a lot for it all?
I did 3 PayPal loans, their interest was so low it was almost free money. The eBay loan is VERY expensive in comparison
Good morning Mr Kevin!😊
Good morning Kevin 🎉🎉
I have been trying to get a business loan for two years. No one will talk to me because my credit tanked when i was homeless. I would love to be able to source.
Good morning Kevin!!
Recently started reselling myself and I opted to have ebay send my money to me every two weeks sorta like a standard pay check. Its worked well for me because it keeps some money in the ebay account to cover fees and shipping. I'm still small time so having 100-200 just setting there in an ebay account isn't hurting me. However I might feel different about it if I was making $1000 or a week.
I have 2 banks I work with, one for ebay and one for my personal bills. Saving and checking in both. I have taken signature loans from each bank. Either for weddings of grandchildren or eBay products. I would rather pay myself back than another loan company. I have ebay money going onto my checking account once a month.
I got a business checking account as soon as I started.
I know about them big finds, just posted after being verified a new battery put in a Chanel 1987 watch paid three dollars got it posted for 750 comps are around 800 to 1200
Thats Gara’s vase where he carries his sand, from Naratu
I think it's stupid, just set payouts for everyday. I've always have money
Could I use my funds to pay for insertion fees?
I have that big Tupperware bowl 😊
I have a separate account that I tend to use for vacations
Guess i should lower the price of my backpack like that ive had it a while now no buyers yet
How does buying the enema plush help get other peoples stores moving? Ive only been watching for a few months now, maybe like 7 or 8 months and ive went back and watched alot of older videos too, but ive never heard you explain how they help other sellers.
I always thought it was just a joke or a sales gimmick. “ gets things moving” by the enema. 😂
It’s all in how it is inserted into your store. You gotta get it just right to start the flow.
@@commonwealthflipper 😂 inserted 👏🏻
@@commonwealthflipper lmao
Venmo has some of my money and I can't get it.
I'll call it a bit of cash! Lol.
How did you handle your business while on vacation?
I don't really do much for it. I put the store on time away mode and let it be
@@commonwealthflipper Time away mode. Thanks.
@@commonwealthflipperI do the same when I need a break.
Hey Kevin 😊
I'm not a "all debt is bad" guy but I guarantee the rates eBay are offering are beyond stupid and likely cumbersome
No doubt
Naruto = Nah ROO toe (Popular manga and Anime)!
Klaatu NARUTO nikto!
I have a scheduled payout on Tuesdays.
I chose Tuesday because, in the business world, big screw-ups are more likely to happen on Mondays and Fridays because people are more distracted. 🙂
Charge everything to card. Pay card in full. Collect cash back. This is the way.
For people that have discipline yes.