You Have 60 Days To Fix This Or Your eBay Business Will Close
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- Опубликовано: 28 сен 2024
- / resellergreatnesspodcast
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thanks for investing the time and effort to make all of these. very few people spit game so plainly and accurately. i've been selling since i was a kid, more than 10 years, and i mainly specialize in brand new cosmetics currently, so some concepts discussed don't even apply to my structure, yet just having your videos playing while i'm hustling & grinding makes me feel less alone and so validated that i'm still making smart decisions as i scale and evolve. work flies by like a breeze in good (virtual) company. appreciate you always. sending love from Orlando!
Orlando nice! Yes, even though not everything one hundred percent translates I enjoy listening to things like this too. Like the media call. I don't sell media but just listening to it while doing my work is something I enjoy as well. Thank you for checking out the video Amy, keep up the good work over there!
Perfectly said! I agree 💯!
Ty as always! “I admire your determination in reaching your life goals."
I have 2 Qs today:
Q 1- Is this the best way to ask questions? posting them on your video workshops?
Q2 - Where do I find the list of 100% sell through items? If there is one.
Tya.
Hagd!
Whilst listening to this I went back in and pulled off my numbers since I started reselling as a business in August. I'm not in huge numbers as I was mostly focused on learning the market, what I could source, etc around my full time salaried job. What I'm finding most interesting is the months I thought were my worst months weren't as bad as I thought. The numbers may have been similar to when I first started, but the average sale price increased and, month-on-month, my cost of goods reduced as my sourcing and time invested got better, so the profit margin was greater. That's very reassuring as I keep moving forwards!
That's why we got to look at the numbers, without it we never know.
Hey Hope all is well...Good information, been selling on eBay 18 years and I pick up new nuggets every video from Tech. I really appreciate all you do
Mission accomplished!
I base everything I do in my new store according to Tech's so real and honest words to give me a boost and know a lot more if I didn't have Tech to guide me. I'm more confident opening my eBay store. Wednesday night's Q&A ( 3.13.24), I asked why am I so nervous and why do I keep delaying the Ebay train? My feelings have changed bc Tech replied to my question, and he said, "Just Do It" and to let him know next Wednesday how I'm doing. This is all I needed to hear. So, I'll be in touch next Wednesday with great news Tech. Choo Choo! All Aboard! Thanks Tech and Mrs. Tech
See you on Wednesday!
I have really been focusing on broadening my mix thanks to the calls this week. I was starting to get heavy on jackets and button-up shirts. So I started adding shorts and leggings to the mix while still picking up the button-up shirts and jackets. I am also starting to pick up hats as well. Better mix of quality products that people want means more opportunities to grow.
Better, better, better every day
Much obliged for an excellent inspiring video! "We are not selling for one day!" You are indeed Tech N Sports.
Appreciate you checking out the podcast this week I hope it's helpful!
I also love Calendars! But since my start of last year I have been keeping a separate monthly selling record where I record sales and the date of that month and total net sales amount after subtracting cost of goods with each sale. It’s all in a notebook 📓. Maybe I need to convert to Calendar next year! But the notebook still works well! I try to keep mental notes and write some notes on what was selling for those months and what I need to source to prepare for those months. 🙏. I’m at 9 months reselling! 🎉 Started the last week of July last year 2023. Looking forward to seeing the numbers for every month and for the full 1 year. Thank you for another great class lesson Tech! 👊
Either way works fine. I like the calendar because it's more a snap shot in time and I can easily find a month or week or whatever I'm looking for. No wrong way. Thanks Vivi!
Thank you for laying out the difference between Q4 and slower sales in Q1. I am a worrier and when sales go down Im down as well. I feel a bit better now Thx!
It's normal fluctuation in seasonality. We are in business for 12 months.
Thank you so much for sharing. You make it so plain and easy to understand. I really appreciate the information as I am a new reseller who is putting everything in eBay draft so I will have a stockpile ready to go when I pull the trigger. I just need to figure out the shipping 😢
Start listing. Can't sell items in drafts. Selling is how you really learn
Great great call! Thank you much!
Thank you for checking it out!
✔✔✔✔ Love them Calendars. lol. Great call.
I love calendars too lol. Calendar crew!
You are a cool cat Tech...thank you so much for all of your time and teachings. ❤
Thank you! Appreciate that! And appreciate you checking out the podcast this week!
40:44 I work flat rate as a Mechanic, and sell on eBay part time, I just realized I should base my monthly budget on my worst paychecks for the previous years. Thanks again.
My pleasure. It's worked for me and that's all I can go by. I've seen people do the opposite and bust out
So much to consider and learn along the way. I’m just starting out and have focused on sourcing profitable items but really need to learn the numbers as you say. Kind of makes my eyeballs knock together thinking about it😂 but it’s great advice and this is going to my next baby step. Thanks again for useful information.
Takes time, just improve every day
I personally have never experienced a summer slowdown. I've had a couple weeks of slow sales from time to time but what business doesn't experience moments of that. So long as you're sourcing great items at a low cost and there's a customer base for those items You should have pretty consistent sales all year round.
Do you sell clothing?
@@rosep5502I sell in about 20 different categories and I do sell clothing however I stick to shirts sweatshirts and sport jerseys which consistently sell year-round.
@@rosep5502 I do but I'm also in about 20 different categories. With clothing I stick to shirts, sweatshirts and sports jerseys which will sell year round.
Yup that's the moral of the story today.
EPIC SCREENSHOTS OF SALES.
THANK YOU TECH.
Thank you for checking out the video I hope you enjoyed it!
Thank you
Likewise thank you for checking out the podcast this week!
14:54 Caught TechN saying something wrong. There are 366 days this year-not 365. So embarrassing 😳
Leap year lol So embarrassing lol
True wisdom! Thank you for the encouragement.
My pleasure, thank you for checking out the podcast!
Thank you! I got so much out of this information!
Mission accomplished! Thank you for checking out the video I hope you enjoyed it
Excellent podcast! Thanks for the actionable recommendations!
Appreciate you checking out the video! Always actionable advice!
Why is my summer slowdown on march and February? Summer is always good for me weird🤔
All depends on what items you sell like we discussed
@@technsports but summer and winter is really good for me only February and march i wonder why? Right before april one of my best months,do i have impulse buy items? And when people get their tax returns they come back?
@@technsports the reason i ask this is because you talked about stores with no slowdowns and im trying to be like that so the logic is sell items for every season and i do but ebay limits me on February and march and i have a lot of spring wear weird 🤔
Thanks Tech!!! Love your videos ❤️
Thank you for checking out the video Tina! Hope it's helpful!
Hey Tech, keep up the awesome work with the videos. I have a quick question for your next video, can you please tell me what me what you can do in the event of illness when it comes to meeting your handling time limit? As a sole operator, what would I do in the event of sudden illness to get an extension to the handling time? Thanks for your help.
You'd have to extend the handling time or have redundancies in effect, such as somebody 100% dependable - friend, family, somebody that is trained and can take over the day to day when you are down.
At the very least, have somebody trained who knows how to change the handling time.
Have a written process for them to follow
So for your business you only use an aged inventory marked down strategy during the poor performing months and good performing months you let it ride at the normal price no matter the age of the item?
Ehhh kind of yes kind of no. I do my most aggressive mark downs on aged inventory in the summer time would be the most correct
@@technsports So to clarify, as an example, might look like something like Good months: 90 days+ 20%, 180 days+ 30%, 270 days+ 40% and in Bad months: 90 days+ 30%, 180 days+ 40%, 270 days+ 50%
Kind of like two different tiers of markdowns based on the slow times of your business?
@@QuasiTheSecond absolutely yes you got it now.
Maybe not those days & those percentages but yes exactly that
I know in the past you've spoken on your business and how you did 10% flat promoted listings on most items. Do you have an automated promoted listings campaign with a set rate for most items and then individually selecting the promotion rate for the items that you find you don't need promoted listings on? Or do you just stick with that 10% flat rate for everything?
When I had 50,000+ items every thing was a blanket policy. There was no time left in the day for me to be onesy twosy about anything.
Did I promote stuff that had a 100%± sell through that maybe didn't need promoted? Absolutely, but that was part of such a large amount of listings going up on a daily basis.
The way I looked at it, I was paying $100,000 for an extra or additional $1,000,000 in sales.
Thanks this was another great one
Appreciate that! Thank you for checking it out.
Amazing ❤ This is applicable for EVERY business 🙏🏼 I needed to hear this so urgently as a solopreneur
Appreciate you checking out the video. I hope it provided value for your business moving forward thank you Pati!
Thank you for answering the question about off season inventory. I was actually curious about that. Do you then include those items in your mark down strategy or do you hold off until you see they are not selling as well in their peak season?
I do but they still sell, maybe not 100% perfect situation, but jackets still sell year round & I work everything off of averages.
All the money in winter time, most or some of the money in the summer.
At the end of the day bank account goes up
@@technsports thx you!
How does selling internationally change how you do taxes?
You pay taxes on your bottom line profit after all deductions
great video!
Appreciate that! Hope it's helpful!
I struggle trying to understand these charts and graphs on eBay. I am a numbers person too. What am I doing wrong?
Not sure. What are you struggling with?
@@technsports most of it. I guess I just really need to spend more time with the performance items. I miss the quality report.
@@mrststreasures9628 maybe it'll come back soon
What do you typically do when a buyer requests item not delivered when it shows it’s been delivered on my end?
I know my seller protections & know I have absolutely nothing to worry about and I upload tracking to the case & continue on with my day
@@technsports I appreciate your time!
I like spicy Tech 🤑
Did I get spicy on this video? lol
@@technsports Just the passionate real talk. Good stuff.
@@ComputerPete can't hide that. Appreciate you checking out the podcast this week!
Thanks Tech! Over and over… you say I want you to succeed. I know you really mean it! This is a very strategic year for me…Higher listing goals…full time…higher dollar product! Everything matters. These calls are gold…..digest the info…take notes…put it into action. I’m glad I’m on your boat, Tech. 🙌🏻 Thank you. Appreciate your straight forward no nonsense. Let’s Go! 💪🏼🎆
goat
Appreciate you checking out the video I hope you enjoyed it!
👍
Appreciate you my man!
This video is so stupid! Why you gotta go spittin truth and facts. All that “numbers don’t lie” crap. You’re gonna ruin my Sizzler night outs 😂
Sorry sorry! Please accept my apologies! 😂
@@technsports 🤣
👋🇫🇷😁
French guy!
I love summer slowdown talks! It may be the prepper in me lol
We need to get prepared
This one really hit me hard tech. Your message matches the data. While others are quick to bash eBay, you point to a graph and say...Look! Sales velocity is year to year is heating up! Thank you for the Keep Pushing! mentality.
It will continue to trend up as online sales continue to increase and shopping pre owned because more accepted, however I think the lion share of that increase will continue to go to a small percentage of the sellers
Thank you so much, the reason I watch your videos is because you don’t do the “me me me look what I sold” you on the other hand do educational videos ones that I have learned so much from, and I really appreciate all the time and energy you put into them. Watching late as my store was on “time away“ but I wanted to thank you, great video one I will rewatch
I'm not sure what happens in RUclips land I'm sure there are a ton of valuable different kinds of videos for different kinds of folks. I appreciate you checking out this video and hope it provides a couple nuggets for you!
"Men lie. Women lie. Numbers don't!"
Pow!
Great information, fairly new to Ebay, about 3 months now. Where do I find the education on looking to find selling products?
Which one exactly?
@technsports I think you said Terapeak. Do you have a traing on that?
@@leanncoss795 in the group we have a bunch of videos on terapeak but I've never done one on RUclips
Does this also apply to Poshmark sellers? I am not on eBay yet.. I am new to Poshmark
Yes it all translate
This is f*cking gold honestly!
Soaking it all in baby!
Appreciate that!!!
nice hat
Thank you!
Any chance for a tutorial on what to look for when buying best baseball caps for resale? Have just found yr new channel and am inhaling all yr new info, so apologise if u have covered this previously. Thank you so much for sharing your experience and knowledge!
I have an awesome hat deep dive in the group, a lady this week watched it and sold a hat for $500 and it sold in 3 hours. A guy watched it last week and sold a hat fro $500 in one day.
I don't have one on youtube, maybe I can add it to the list.
Just found you and must say, all of this information is both impressive, yet intimidating. I resell on the side, but it hasn't been the hustle I desired and in listening to you, I now know why. I yet, have so much to learn and I do believe it will turn around for me. Again, thanks and God bless you! 🙏🏾❤️
Thanks so much for checking out the podcast this week. Definitely check out the other videos on the channel. Lots of informative and actionable info in all of them
@technsports I absolutely will! I have begun and also have decided to put a hold on some things I am now learning was wrong so I can turn this business around. I have to admit, I am a broke reseller, but I am going to change my ways. I'm listening to Techonomics right now.
A few graphs i would be interested to see is the Returns and INAD claims over time. Or the Ebay fees charged to buyers, items sold to profit made by Ebay. Since they started payment processing and added promoted listings. If Ebays sales are double and returns are up double sounds the same to me. Would love that data. Lots of good info for beginner's that Dont understand supply and demand or market cycles.
You'd probably have to buy some stock and become a shareholder and get invited to the shareholder meetings
I think I will pass on the Ebay stock purchase for now. To slow of a ROI. Plus not convinced on the current management and Ceo in place. Much better ROI selling on the platform. Maybe though for the data
I have a question about sourcing summer items right now. Thrifts are expensive in my area, so I have to be careful with what I buy and comp things out before I buy. How can I know how much a pair of shorts or a t shirt or whatever summer item will sell for and how fast they will sell when I can only see the past 3 months of data on my phone?
This is a question I’ve been thinking of for a while so I’m really glad you put out this video now. Thank you!
You can also view terapeak on your phone. It has up to 3 years of data
Thank you! I’m gonna have to figure that out.
I'm working while listening to you, thx for keeping me company Tech! I'm definitely focusing on sourcing dresses and shorts now but not passing up on great fall and winter items! Thanks for this awesome podcast, its soooo motivating 🥰
Hey Dana! Appreciate you always
I always learn so much! Thank you for sharing your knowledge!🙏
My pleasure! Thank you for checking out the video this week
Love this(all) video! Listening to your videos helps me list my death piles of shoes! I just took off promoted on all my listings 🎉
Awesome to hear! Hope they are helpful!
Less taxpayers are getting refunds now. So not sure how sales are going to be. Lots of people opted out in even filing.
Plan for the worst hope for the best
TRG The Real Goat! Thanks for all the info and sincere advice!
My pleasure, I hope the conversation is helpful!
dam - dude this is the ebay harvard ebay right there 🎉…. you are beyond brilliant 😎😎
Appreciate you checking out the podcast this week Daniel! Hope it helps
i’m going back and redoing all my old listings, to sell …. your data shows buyers are up and not down … i need to make better offers and grown my sell thru rate …. thanks tech
@@realcorkdan 💸
Always a breath of fresh air listening to you my friend. ✌🏼❤✌🏼❤🙏🏻
Appreciate you checking out the podcast this week!
Tech, can you post a link where you talk about the details of offering combined shipping? I’m a little confused on the in’s and out’s. Right now I just delist items and relist them as a lot for a customer when they ask if I will combine orders to save on shipping. Thanks for all you do!!!
You can send an invoice on the awaiting shipment page. Use the drop down menu & select send invoice.
@@technsports excellent. Thanks!!
So nice, I'm watching twice! Ty so much!! Grandma is on a roll!
Appreciate that so much! Hope it's helpful!
🐐
Appreciate you jd!
just gotta say im liking your content and format seem like a chill dude i can vibe with you thanks for free game 🙏 I just started taking reselling serous this month already at 16 sales with $1,096 revenue I would like to sell video game stuff cuz im highly educated and excited about that.
Congrats on your start Devon, roll that $1,096 into $10,960!
@@technsports thats the plan thanks again mane
Are you into cars or other nice things. What do you buy with your money.
Real estate
Preach man Preach.. I learn something on every one of your videos)
Mission accomplished. Thanks Tony for always dropping a comment, I appreciate you!
What a lesson about conducting business base in the worst sell month of the year. Thank you Tech
Has led me to my success basing my business off my slowest month.
No bummer this summer!
Hopefully not if we take action today
❤
Not necessary at all! Appreciate it though Pati!
Great video!
Appreciate you guys checking it out. Keep fighting the good fight.
Great podcast Gee!
Hope you are crushing it bro!
Thank you
Thank you!
Goat
Appreciate you checking it out Tom
Thank you sir
My pleasure thank you as well