I'd say I fit in category 3. But that's because I attempt to get ALL of the money. My items, on average, take one year to sell, but my average profit per item is also 35. I'm willing to wait, but I also admit that I need to take some time to address some of my older listings, which would alter my 8% sell through rate.
Thanks for spelling that out, Chris! I do love a logical video that breaks it down to basics. I have been working hard to source those Cat 1 items over the last few months. But lately I have focused more on the $20 profit than fast sell-through. So I do have Cat 3 items as well now. Any items that hang around longer than six months really annoy me as I am travelling and have limited place to store things. I've got rid of nearly all my Cat 4's now, which is a relief. Some were given away to friends or donated, the rest I will try on Marketplace in bundles.
I would say I'm in category 2. However recently I've been turning over a lot of stuff in 2 weeks or less for 20 profit. It's exciting. I found a really good brand that has been doing well for me. I need to find a few more of these and I'll be able to expand rapidly. I don't mind category 3 either but I think 2 is more of a sweetspot for me. Category 1 is hard to do consistently!
I been watching your videos and I’m a little confused about working for EBay as a seller. Can I ask what are you doing today as a seller? Thank you for sharing your knowledge!
Wow that's amazing!! A reseller friend of mine just turned me on to older/antique books and their worth. I purchased 12 books from the late 1890s - early 1900s at a sale recently for $12 total, and I'm excited to see how they do.
I started my store a month ago and I lost 2 items that sold, so i was forced to cancel the orders which caused 2 transaction defects. I was also late for "Tracking uploaded on time and validated" for 1 item. Should i create a new store and start over? I only have 275 items currently in my store but im afraid this will cause problems as i grow. What should i do?
Question: Are you opted in to the new International shipping program, I hear that it is affecting seller sales that it has glitches. I know that eBay opted my store in automatically and my sales have dropped, just wanted to know if that is the case for you? Thank you love the vids.
Chris, it's really generous of you to continue sharing your knowledge. Please clarify for a dummy, when you say double the money, you mean recoup the $10 you invested and make $20 for total of $30 ? Thanks again!
Ive been stressing about sales because they fluctuate but 90 days wait time?! I never knew it was like that, Im a new seller and ive got a product that pretty much sells in less then a week , im a new ebayer , I make roughly £16 profit (avg +45% profit). Need some good advice Ive only got one product
hey Chris(LEGEND) hope you see this regarding the camera you bought isit more than 12mp if so did you need to set images to the 12mp max for ebay ? please explain why either way
Thanks so much for your videos. I am in a "start up" phase of my reselling business. I am transitioning my home into a family home and business. This is my dream. I love hunting and gathering at flea markets. My guidelines... All my inventory is clean and inventoried away from house. A clean and tidy work site is important to me. I can show my inventory to business insurance companies and it can be valued. I invested in high quality containers at a level I can carry. I am prepping my home to have house cleaners/repair people (things I used to do) because I will no longer do those things. I have a defined work space with a keypad on door to protect my business. I will purchase cyber protection insurance as well as business insurance to protect my business. Hired a CPA. Bought s separate iphone/set up 2 wi-fi systems. 2 printing systems. Where we live wifi/printers always fail. Backups and hot spot availability eliminates most of that. I had to train my spending habits to reflect my business model. Training myself was hard. In the beginning my standards were not as tight. Flaws were over looked. Now I can move on. I do not want to waste time fixing/excusing issues. The item has to be easy to wear/not scratchy or too fussy. Aiming for high end feel to my items. I have a 3/1 ratio on everything I buy and I see the quick profit sweet spot in the market. Everything is considered packing/shipping/postage of an item. I love ceramics and hard goods. Built into my business will be an indulgence in having a booth at an antiques center. The profit will be less but it is cash/carry and I will be able to network with others like me. What I learned from you-To be realistic in market driven pricing (items value vs what they will sell quickly for). How to easily scale by pricing/daily listings. Numbers are key. These were big obstacles for me and they are nonissue now. Thanks again...
Hi Chris. There are a lot of clothing stores closing down like Zara, The Children's Place, Torrid, etc... do you think it would be a good idea to start carrying those items now online?
I'm no expert, but I'd say that just because a store is closing doesn't necessarily mean it will translate into items in high demand. I'd focus first on researching the market and paying attention to trends for a while. That being said, if you can get items at very low cost (and if it's OK for your budget to do so), and if you have the time/money/etc. to store them, I don't see a downside. Also, what the other person here said about not doing children's clothing: just a tip, vintage children's clothing can do VERY well. Good luck!
I'd say I fit in category 3. But that's because I attempt to get ALL of the money. My items, on average, take one year to sell, but my average profit per item is also 35. I'm willing to wait, but I also admit that I need to take some time to address some of my older listings, which would alter my 8% sell through rate.
Excellent content as always. Thanks Chris
Thanks for spelling that out, Chris! I do love a logical video that breaks it down to basics. I have been working hard to source those Cat 1 items over the last few months. But lately I have focused more on the $20 profit than fast sell-through. So I do have Cat 3 items as well now. Any items that hang around longer than six months really annoy me as I am travelling and have limited place to store things. I've got rid of nearly all my Cat 4's now, which is a relief. Some were given away to friends or donated, the rest I will try on Marketplace in bundles.
Thank you Chris
I'm a combination of category 2 and 3 but I think i prefer selling category 2
Thanks Chris
do you have a video on how you do your poshmark sales and closet closeouts to get rid of those older items ..thanks for your help and info
I would say I'm in category 2. However recently I've been turning over a lot of stuff in 2 weeks or less for 20 profit. It's exciting. I found a really good brand that has been doing well for me. I need to find a few more of these and I'll be able to expand rapidly. I don't mind category 3 either but I think 2 is more of a sweetspot for me. Category 1 is hard to do consistently!
I wish they hadn’t kicked you off the platform. Thank you for the continued videos nonetheless I watch them all the time at work👍🏽
thanks
Hello Chris.
I been watching your videos and I’m a little confused about working for EBay as a seller. Can I ask what are you doing today as a seller? Thank you for sharing your knowledge!
I just posted and sold a book on ebay I got for a dollar at an estate sale last week for 175 dollars, it sold in less than an hour.
Wow that's amazing!! A reseller friend of mine just turned me on to older/antique books and their worth. I purchased 12 books from the late 1890s - early 1900s at a sale recently for $12 total, and I'm excited to see how they do.
What was the book?
@@divinesignatures6225 it was The Twin Stars of China 1940 Hardcover
@@crypto6ix9ine50 Books about China through the American perspective are often very HTF
I have some of all
I started my store a month ago and I lost 2 items that sold, so i was forced to cancel the orders which caused 2 transaction defects. I was also late for "Tracking uploaded on time and validated" for 1 item. Should i create a new store and start over? I only have 275 items currently in my store but im afraid this will cause problems as i grow. What should i do?
Question: Are you opted in to the new International shipping program, I hear that it is affecting seller sales that it has glitches. I know that eBay opted my store in automatically and my sales have dropped, just wanted to know if that is the case for you? Thank you love the vids.
I think all four strategies are the best have items in each strategies, right?
Chris, it's really generous of you to continue sharing your knowledge. Please clarify for a dummy, when you say double the money, you mean recoup the $10 you invested and make $20 for total of $30 ? Thanks again!
Buy for $10, net $30 for a $20 profit and your $10 back
@@dailyrefinement Thank you !
I think I have mostly 3 & 4. But I'm a part time seller..
Ive been stressing about sales because they fluctuate but 90 days wait time?! I never knew it was like that, Im a new seller and ive got a product that pretty much sells in less then a week , im a new ebayer , I make roughly £16 profit (avg +45% profit). Need some good advice Ive only got one product
Awesome
hey Chris(LEGEND) hope you see this regarding the camera you bought isit more than 12mp if so did you need to set images to the 12mp max for ebay ? please explain why either way
and what model was it again save searching through your videos as normal lol
Thanks so much for your videos. I am in a "start up" phase of my reselling business. I am transitioning my home into a family home and business. This is my dream. I love hunting and gathering at flea markets.
My guidelines...
All my inventory is clean and inventoried away from house. A clean and tidy work site is important to me. I can show my inventory to business insurance companies and it can be valued. I invested in high quality containers at a level I can carry.
I am prepping my home to have house cleaners/repair people (things I used to do) because I will no longer do those things.
I have a defined work space with a keypad on door to protect my business.
I will purchase cyber protection insurance as well as business insurance to protect my business.
Hired a CPA.
Bought s separate iphone/set up 2 wi-fi systems. 2 printing systems. Where we live wifi/printers always fail. Backups and hot spot availability eliminates most of that.
I had to train my spending habits to reflect my business model. Training myself was hard. In the beginning my standards were not as tight. Flaws were over looked. Now I can move on. I do not want to waste time fixing/excusing issues. The item has to be easy to wear/not scratchy or too fussy. Aiming for high end feel to my items.
I have a 3/1 ratio on everything I buy and I see the quick profit sweet spot in the market.
Everything is considered packing/shipping/postage of an item.
I love ceramics and hard goods. Built into my business will be an indulgence in having a booth at an antiques center. The profit will be less but it is cash/carry and I will be able to network with others like me.
What I learned from you-To be realistic in market driven pricing (items value vs what they will sell quickly for). How to easily scale by pricing/daily listings. Numbers are key. These were big obstacles for me and they are nonissue now.
Thanks again...
Hi Chris. There are a lot of clothing stores closing down like Zara, The Children's Place, Torrid, etc... do you think it would be a good idea to start carrying those items now online?
Watch out, if many resellers go and buy, the market will be flooded. Proceed with caution. Also I wouldn't do children's clothing.
I'm no expert, but I'd say that just because a store is closing doesn't necessarily mean it will translate into items in high demand. I'd focus first on researching the market and paying attention to trends for a while. That being said, if you can get items at very low cost (and if it's OK for your budget to do so), and if you have the time/money/etc. to store them, I don't see a downside. Also, what the other person here said about not doing children's clothing: just a tip, vintage children's clothing can do VERY well. Good luck!