Came back to this video. I focus on shoes only from the goodwill bins. My average cost per sneaker is $2-$3 Average sell profit is 35-45 and I sell about 3-5 shoes a day. I do this part time and I have a full time job. My next goal is to do this full time :)
These tip reinforce what I already know I need to do. I have to make a set schedule and stick to it. Friends and family often wanting to meet for lunch etc. I need to say "I'm working" ...
Absolutely! My only question is when can I start paying myself? I'd like to get my business going, but also could use some extra $ to pay off some debt.
Great video! I am at the 3rd level of selling here with 12 per day. I am approaching 600 items in total listed and sell around 9 per day average, sometimes more, sometimes less. Ive been selling on Ebay since July of this year with an asp of about $24.
I'm ready to get off the fence. Bottom line is that change is scary and especially going into 2023 with the economy so unpredictable. I've been working for my entire life in the legal profession, and I hate sitting all day - it's super bad for your health. I've had an ebay store for many years with approximately 400-500 items, and I've done pretty good. I'm familiar with the processes and know I could earn so much more than my 9-5 job but want to make the transition gradually. I leave for work in the dark and come home in the dark,. At the end of the day, I'm totally exhausted so I'm thinking of waking up super early and listing my 10+ items each morning. Thanks for this video. It really helps to understand the ratio of how many items one must list to how much $$ it will generate. You're an inspiration, Chris. Thank you so very much for giving your time to encourage others to succeed. I really appreciate it.
Former legal professional. Yes to everything you said. You can do it. Consider covering a wall with your goals and include a timeline. Like an elementary school classroom. It might help in the morning in the dark. If it was part of your legal job you would do it. I remember the work always increasing. I don't miss my chair. Walk around the office and track your steps. Who cares what people think. NONE of my friends supported me. They still think I'm weird haha. It doesn't matter. Life can be really long if we're lucky. Lots of opportunities to change. Love this channel!
I run a junk removal business along with my reselling business, I get alot of good items for free/ got paid to take them. I sell an okay amount but working on getting more sold
Hello, I think focusing on the quantity is a strange approach. I think your income is more dependant on what you sell and the quality of your listings, pricing and sourcing. I list around 6 items and i sell around 3 high value items daily . I am a full time reseller for around 5 years and i am earning more than when i was doing a 9 to 5.
I was thinking the same, it’s so much more effort to list, sell and pack 50 low value items compared to 5 high value, could also work setting a $ per day target of listings rather than quantity per day
I bought pallets of clothes and still have most of them. those pallets are mostly full of items that will never sell. That is why they are selling them as a pallet.
Yea when I first started reselling i bought a pallet and it was mostly junk. I ended up donating most of it after a year of not being able to move it, just to get it out of the way
I just signed up and started selling on EBay. I’m not going near no pallet. I’m only two days in but have 2 sells under my belt. My goal is to work Mon-Friday and be off on weekends to ship. I have basically been selling clothing from my closet I have purchased about $30 from Goodwill that’s it. My goodwill days will be on Sundays half off and Wends at Salvation Army 10% off for Veterans.
I'm retired and doing this for extra income. Been watching you for a few years and loved this simple video. I've never had a schedule or process but you have given me tools to be able to do that on the small basis that I desire. Thank you!!
I am also doing this part time and would like to sell in the 0-5 category. Where in your information sources can I go for help and information? I've been trying for about a year and I love it but feel I am failing miserably. Thank-you!
Dude. I love your videos. So much good information!! I watch them while I list!! Sometimes if I don't feel like listing, I watch a quick video from you and it pumps me up and next thing I know, I'm listing away 😅
Overcome, grow, learn, & live!! That's what I'm trying to get through to my kids that are being taught all their shortcomings are ok & they should be happy the way they are...but then our kids don't learn & are exactly who they were in first grade as they are in high school!!
Thank you so much! I will start as a hobby in 2023 please continue to do what you do. Take care if yourself anxiety is a liar. Don’t fall into it. We need your experience. Thank you again. Have a blessed day!
Thanks for your post. I’ve been a more than hobby reseller on eBay since 1999 with 1000s of sales. But when I was fired in May this year I had enough and decided I would put my skills into action and resell “full time”. I came across your videos, a month or so ago and have been watching voraciously, lol. I appreciate that you were straightforward, candid, into the point. But also, you are not full of all the usual, bullshit and bluster of “make $1 million“ con artists. You live a real life, you keep it grounded. It makes it all the more doable that way than airy fairy fantasy stuff that some people post. This video particular was helpful because I am trying to establish just how much work is needed. So thanks again I much appreciate it. Much success in 2023.
Sooo, I frequently watch your videos but never see you talk about when to open an eBay store vs. a regular account. Also, the pros and cons of doing so. Keep up the good work!
The first few minutes were greatly informative. Simple to understand. I'm just getting my eyes on reselling after 2+ years of procrastinating, I just need help with the Ebay setup and I can start sourcing products tomorrow. I live in New York and would more than welcome the "extra income"
I’m gonna deep clean my room this weekend. Anything I find and don’t use, I’ll try to sell on eBay. I’m thinking of listing 3-5items a day, Mon-Fri. I’ll try to list anything I have for 1-3 months, and once I get the gist of selling online, buying/reselling 7-10 items daily. I’m hoping within 2 years, I can replace my main source of income or at least have consistent supplemental income. I make about $3k a month at my job, but if I can make an extra $2k or even more; that will really help with getting out of my parents house and starting to live independently. I also want to use these funds to eliminate my car loan & increase my investing that i currently have
Opening Pokémon cards help my anxiety. Don't forget to reward yourself as well. Thank you Chris! I need this reminder after a huge year. Good luck with your new born and keep making progress 💪
Just want to thank you for your content. I’ve done well with my business but I now know I need to step it up to make the income I need. Up until now, I didn’t believe I could earn a six figure salary. I know I can intellectually, but hadn’t really believed it. Your channel is very inspiring and I’m so thankful I get to do what I love.
I am trying to do 11 per day listing, but only selling about 5 per day. I have almost 4K listings now, 1/3 clothes, 2/3 collectibles. ASP is at $20 but I want that higher, I work two other full time jobs so it is hard to be consistent with my listing habit but my daughter is going to start helping me in 2023 and our goal is to really step it up and get the store size up to 8K items. Ultimate goal is to support us with higher income so I can quit my other jobs eventually. Thanks for this Chris. Been watching you since you started 10k on the bay and you have helped me so much! Merry Christmas to you and your family!
That's crazy, I don't know how you do it. I work a FT job and I can't even get to having 50 listings on my account. Idk why it takes me a long time to list the items I can only do few a day
@@linal3489 It has taken years to get to this point. Once you get a good routine in place and know more about pricing and don't have to research each item it will get faster. I use Tech n Sports method of selling similar off one of my listings or an identical one I find when researching. Watch Cris' process videos. That will help you immensely to save time in your day. You will get there. Just be consistent and don't give up. How great that you are up to 50. Set yourself a goal to get to 100. Then 200 and so on. Goals are so important to have something to shoot for. I wish you the best!
One of the problems for me is that i just can't source a good amount of volume for a decent price. I live in the UK and our charity shops (thrifts) are really quite expensive for clothing and most items in general. I've sold about 50 items in 2 months since I started. I'm doing OK but I really need to find a better way to source for better prices.
We have $20 net ASP, so after fees, cogs and shipping. My son buys, I sell, we are 50/50. So my personal numbers are very close to what you are saying, just for me. I'm listing 8 selling 7, about 3 hrs a day. My next jump will just be to list 10, then I wait for sales to catch up. I get faster so it takes the same amount of time. We are at about 4k profit, split in half. Next year I'd like to hit 100k to give us each 50. Profit before taxes. I also work part time, five hrs five days a week. Going slow has helped me understand and build a more solid foundation. Thank you.
I am setting goals to go from listing 8-10 items per day to 15 then 25. Moving into a storage unit and wanting to treat this as another business. This channel has been a huge help with growing eBay :)
@@trissie55 I live in KC. Within 1 hr from me there is 15-20 thrift stores. There’s 5 within 10 min of me that I can stop by. There are also multiple pallet liquidation places where I can buy bulk. Location has helped a lot. But I just consistently find the items. Some times I find a lot other times it’s a miss. No matter what I have to hit my listing goal so if I need to spend more time sourcing I do. One other part is in self employed. I do real estate full time but I have the flexibility to adjust my schedule to allot time to run the eBay business
@@Da_Pallet_Dude that is good. I work during the week, so I only have weekends now. I have to figure out how to get enough inventory on the weekends to last me through the week. I live in Dallas and have lots of thrift stores around me, but I mainly do shoes and electronics. They’re kind of hard to find right now I’m trying to learn new categories.
@@trissie55 I’d recommend pallets for bulk. Thrift stores/bins are great. Plan a route. Then take pics after for the week. For pallets in my area they come in Thursday. Then you pick up Friday
I’m listing 5-7 (selling 1-3) items a day and I’ve been reselling now for 6 months. Thanks for this video. My methods/goals have been getting a little disorganized lately and this is exactly what I needed to see right now.
A big expense is the money to drive to all of these stores and purchase inventory. Also thrift stores such as goodwill, salvation army etc. are not producing the inventory they did years ago.
Hey Chris I’m a part time seller, I have 400 items in my store and sell 4 to 5 items a day right now, I’m trying to focus on niching down and getting my average sell price higher.
So am I right in thinking when you say list 5 items a day that is 25 a week as you only work 5 days a week? Does value of listings come into it? Like if I list 5 $100 dollar items or 5 CD’s do you count it all the same?
Super helpful to see it visually as I think about my goals for the next year and as a newbie. Also inspired to think bigger. 5-10 right now. 👍🏻Thanks for all you do for us smallies…
What's the best advise someone could give me starting to do reselling on ebay, I have a full time job and just wanting extra income and hopefully more, thank you for any advice, happy holidays everyone.
I am a small seller trying to scale up- i am at about 375 items right now, posting 7 a day consistently. Is it better to just stay consistent with posting that per day or would it be helpful to post a ton up front to get my total listings up to a certain threshold? I am currently selling about 30% of my inventory per month
i started my Ebay business drop shipping an the item sold out same day my struggle is sourcing hot items since Halloween black Friday and Christmas coming up
Hi! I'm entirely a hobby seller (I have a full-time career). I sell mainly on Whatnot and eBay (thrifted items and personal collections and belongings). I would like to get to the point where I make about $500-1k extra a month. Love your videos! Thank you!
Okay so I got a question. I started an LLC and recently began to sell on eBay. I am required to collect sales tax in my state. I see eBay doing it every time when an item is purchased. So does the tax eBay collects considered a fee when reporting my sales in my accounting book?
I don’t know what it’s like in the US, but here in Australia the thrift shops are ridiculously expensive. They even sell on eBay themselves (Salvos) which surprised me, so the best source is Garage sales, flea markets or making something from scratch.
Here in the US we have local apps, the one I use is NextDoor, I've sourced a lot from there, Facebook Marketplace and Craigslist are other options, you may have others Down Under
Hey Chris I’m at 5-10 per day but I don’t have consistency because I just had a baby and I also have a toddler. I joined your reseller group and I hope to grow along with other people in the group!
I'll be listing daily but my target goals are weekly. So in 2023 I want to hit 1000 active listings before Thanksgiving (I do RA so I sell new items and it would be beneficial to be before then rather than EOY). I'm currently at 600 active listings. I did the math and I need to do about 9 new listings each week PLUS make up for whatever I sell that week. So if I sell through 20 listings for the week and I need to be positive 9 for the week, I have to make sure by the end of that week I have 29 new listings up. Keeping the goal weekly for me I think will help me stay on track for my overall yearly goal of the 1000 active listings. I made a yearly calendar with MS Publisher and marked the target # of listings for each week so I know what to hit. LET'S GO!
I've had to cut back on listing because I don't have the money coming in on Ebay and I had to focus the time working a full time job for now until I can rebuild my funds back up again. Sales in the past couple months are about 1/3rd of what they were 6 months ago, I'll rebuild my funds up and try in the near future. Not sure if things are different in Canada for selling. It's definitely a lot more expensive for shipping and for sourcing stock so i'll have to find new ones to do both as well. People are asking me to sell my stuff at a serious loss now too .. which sucks.
The thing that your numbers don't cover is without employees you are doing everything. Sourcing, Photos, Listings, Pulling, Boxing, Delivery. Pulling and packaging and putting labels on can take 2 hours a day. This is not a quick process.
Total newbie, and have 7 listings on eBay currently and aiming to list at least 1 a day, but I"m reaching that 10 item limit fast without any sales at the moment.
I honestly dropped the ball on my eBay. My main store had 300+ sales was killing it but financially I had to keep dipping into my eBay fund to pay bills. So although on sales I was doing great by the time the end of the month I wasn't ahead. I took time off eBay to get straight an I came back to eBay an my account is below standard an Apparently have to rebuild the trust there. 🙃 This is 100% my fault. Just frustrated and mad with it.
Thank you for this video, very encouraging and seems doable. I am a full time nurse and would like to be able to go to part time or on call and be able to support most of my bills by reselling. I have some inventory but need to make more time to list at least 5 items a day.
Okay, so let's go with your example, I want to earn $50/hr with my reselling business. Let’s say I am selling items I have at home already, to make it simple. In this example, it takes me 15 minutes to list the item, and after it sells, another 15 minutes to ship the item. So, 15 minutes to list + 15 minutes to ship = 0.5 hrs x $50/hr = $25 This means I need to make $25 profit / item in order to be earning a decent wage like $50/hr. But most items won’t sell if they are $25 more expensive to buy from me then the source I got the item from, ie. Amazon. In order to make $25+ profit I will need to sell really expensive items because you can’t just sell a t-shirt for $50 when it can be found elsewhere for $25. What am I missing here? Thank you so much!! I am sorry if this is a stupid question!
about those Good American white pants: Vedic wisdom states that none of our clothes should be distressed or ripped as they attract negative energy (resemble poverty / rags / vagabonds). Makes me think of Kanye's fashion trend. Also negative energy from a Feng Shui Qi point of view
Hey, great video! I'm a reseller from Vancouver and currently have sold several hundred dollars in collectables since the summer. I would definitely consider myself a novice seller but want to reach level 2. Currently spending 6 hours week only on business but I'm thinking more hours and same products? What do u think?
My goal is at least 1,000 profit weekly. im partially disabled from a stroke but i can drive and do light work. hoping this new year to get to my goal. Thank you for such great info!!!
HAHAHA Love it! No Scrubs!!! There's ALWAYS room for a 90's reference! Chris, have you tried breathe work for your anxiety? Tons of success with this method.
If ur making 2mil out of a Where house that's really good 😲 not to mention the profit margins must be great because you don't deal with alot of potential loss like theft and etc a box retail store making 1mil plus a year is considered a high volume store and they lose about 20k to 50k if really bad inventory
I really love your biz model! Basically it’s perfect and prove that works.. but I’ve 2 years following trying to find another niche different that clothes
So I have a lot of low value items I’m selling at about $2 profit a piece cost is $.5 each but it takes only 3mins to list should I be setting a minimum dollar amount for profit?
Hi so I realized that you have almost all your inventory in boxes and not in bins (i get the bins) how do you organize your inventory within those boxes ? Knowing your system may just save me more time!
is there such a thing as "too professional" photography? im a director and photographer so my background in taking photos is extensive....i set up props and and color corrected the images, is that "doing too much"? could this scare off potential buyers?
I'm trying this but jumped in with no research at all spent 1k on stock wholesale only to find out what I bought isn't selling at all lol so I'm going to either donate or sell underpriced to get something back then go back to the begining man am stressed 😥
I'm struggling with health issues after having just received a diagnosis of Graves Disease a few days ago. The symptoms really prevent me from doing my work. I push myself to do 10 a day, but then I might need a few days off. Then it's time to ship, and then I'm out of it. But I am on medication now! I have really great stuff and today and yesterday, I listed like 15 items. Baby steps. I mean, no one is viewing them but I can't control that side from excellent listings, prices, photos.
so very true,this is the system i been using for a very long time and it works 100%,also another good places to go to besides goodwill,is hitting clearance sections at stores,made alot of money off of clearance items,and another tip to make more money,do liquidation sales on ebay,it helps get rid of deadweight inventory and still make alot of money,100% legit,mindset is everything
I'm listing 10-30 most days, my goal 2023 is to be consistent everyday and get up to 30-50 by end of the year. I am an everything seller. Currently I crosslist on 4 platforms but plan to reevaluate that for 2023.
I just dont know where to find 85 items a week to list. I sell about $250 a week, listing 2 items a day, thrift (multiple stores each time) 3+ days a week. My criteria is generally, it has to sell for 6x what I'm paying (so i am making 4x or so after fees and shipping). That said I will sell larger items that i generally want to double my money on ($100 cost min and has to sell "quick"). Idk, im sure I could find more items if I bought items that I can make $20 on even if it cost me $40 i could list more, I just dont like having that much cash tied up in inventory... any thoughts appreciated
I'm 0-5 items per week. Having items still hanging on my walls listed on eBay 😂. I hit local thrift stores once each week looking for one resale item. Any/all profit I use for debt pay down.
I'm at the very beginning in the "thinking about it stage" for just making extra spending money right now. I love systems and appreciate how you've laid all of this out. 😊
Support the channel! The first 1,000 people to use the link will get a 1 month free trial of Skillshare: skl.sh/dailyrefinement12221
Thank You!!!!!
Came back to this video. I focus on shoes only from the goodwill bins. My average cost per sneaker is $2-$3
Average sell profit is 35-45 and I sell about 3-5 shoes a day.
I do this part time and I have a full time job.
My next goal is to do this full time :)
that is awesome. where in the world are you able to find that many shoes for that cost. that is awesome!!!
Are these tips helpful for you?
No
Jk
These tip reinforce what I already know I need to do. I have to make a set schedule and stick to it. Friends and family often wanting to meet for lunch etc. I need to say "I'm working" ...
Absolutely! My only question is when can I start paying myself? I'd like to get my business going, but also could use some extra $ to pay off some debt.
Fasho atleast it's facts you speech beginning till the end
Great video! I am at the 3rd level of selling here with 12 per day. I am approaching 600 items in total listed and sell around 9 per day average, sometimes more, sometimes less. Ive been selling on Ebay since July of this year with an asp of about $24.
Nice work!
@Prince Air Average Sell Price.
I'm ready to get off the fence. Bottom line is that change is scary and especially going into 2023 with the economy so unpredictable. I've been working for my entire life in the legal profession, and I hate sitting all day - it's super bad for your health. I've had an ebay store for many years with approximately 400-500 items, and I've done pretty good. I'm familiar with the processes and know I could earn so much more than my 9-5 job but want to make the transition gradually. I leave for work in the dark and come home in the dark,. At the end of the day, I'm totally exhausted so I'm thinking of waking up super early and listing my 10+ items each morning. Thanks for this video. It really helps to understand the ratio of how many items one must list to how much $$ it will generate. You're an inspiration, Chris. Thank you so very much for giving your time to encourage others to succeed. I really appreciate it.
Former legal professional. Yes to everything you said. You can do it. Consider covering a wall with your goals and include a timeline. Like an elementary school classroom. It might help in the morning in the dark. If it was part of your legal job you would do it. I remember the work always increasing. I don't miss my chair. Walk around the office and track your steps. Who cares what people think. NONE of my friends supported me. They still think I'm weird haha. It doesn't matter. Life can be really long if we're lucky. Lots of opportunities to change. Love this channel!
As another professional who leaves for work in the dark and comes back in the dark, your comment resonates with me. You got this Mickey!
Definitely worth it! Hard work pays off and you have to learn how this business like he is saying in this video.
I run a junk removal business along with my reselling business, I get alot of good items for free/ got paid to take them. I sell an okay amount but working on getting more sold
Hello, I think focusing on the quantity is a strange approach. I think your income is more dependant on what you sell and the quality of your listings, pricing and sourcing. I list around 6 items and i sell around 3 high value items daily . I am a full time reseller for around 5 years and i am earning more than when i was doing a 9 to 5.
I was thinking the same, it’s so much more effort to list, sell and pack 50 low value items compared to 5 high value, could also work setting a $ per day target of listings rather than quantity per day
If you don't mind answering, what are high profit , high value items that can be found in abundance?
I bought pallets of clothes and still have most of them. those pallets are mostly full of items that will never sell. That is why they are selling them as a pallet.
Turn them into rags and sell them to mechanics
Yea when I first started reselling i bought a pallet and it was mostly junk. I ended up donating most of it after a year of not being able to move it, just to get it out of the way
Gotta hit the bins everyday no need for pallets
@@martyxakabluecollarmoochie5465fact's
I just signed up and started selling on EBay. I’m not going near no pallet. I’m only two days in but have 2 sells under my belt. My goal is to work Mon-Friday and be off on weekends to ship. I have basically been selling clothing from my closet I have purchased about $30 from Goodwill that’s it. My goodwill days will be on Sundays half off and Wends at Salvation Army 10% off for Veterans.
I'm retired and doing this for extra income. Been watching you for a few years and loved this simple video. I've never had a schedule or process but you have given me tools to be able to do that on the small basis that I desire. Thank you!!
That is awesome!
@@dailyrefinement I'd love to know your opinion. Should I price high value items competitively or price them lower to reach my goals??
@@edieandmemiller4649 always price competitively in any strategy
I am also doing this part time and would like to sell in the 0-5 category. Where in your information sources can I go for help and information? I've been trying for about a year and I love it but feel I am failing miserably. Thank-you!
Dude. I love your videos. So much good information!! I watch them while I list!! Sometimes if I don't feel like listing, I watch a quick video from you and it pumps me up and next thing I know, I'm listing away 😅
Overcome, grow, learn, & live!! That's what I'm trying to get through to my kids that are being taught all their shortcomings are ok & they should be happy the way they are...but then our kids don't learn & are exactly who they were in first grade as they are in high school!!
Thank you so much! I will start as a hobby in 2023 please continue to do what you do. Take care if yourself anxiety is a liar. Don’t fall into it. We need your experience. Thank you again. Have a blessed day!
Thanks for your post. I’ve been a more than hobby reseller on eBay since 1999 with 1000s of sales. But when I was fired in May this year I had enough and decided I would put my skills into action and resell “full time”.
I came across your videos, a month or so ago and have been watching voraciously, lol. I appreciate that you were straightforward, candid, into the point. But also, you are not full of all the usual, bullshit and bluster of “make $1 million“ con artists. You live a real life, you keep it grounded. It makes it all the more doable that way than airy fairy fantasy stuff that some people post.
This video particular was helpful because I am trying to establish just how much work is needed. So thanks again I much appreciate it. Much success in 2023.
Right now me and my wife are at the 10-30 items a day. Thank you so much for all your insight!!!
My husband and I are doing 10-30 a day. Monday-Friday.
Sooo, I frequently watch your videos but never see you talk about when to open an eBay store vs. a regular account. Also, the pros and cons of doing so. Keep up the good work!
I got told to open the store when you have 80+ items listed because then the item listed fees add up to more a month than what a shop does.
The first few minutes were greatly informative. Simple to understand. I'm just getting my eyes on reselling after 2+ years of procrastinating, I just need help with the Ebay setup and I can start sourcing products tomorrow. I live in New York and would more than welcome the "extra income"
I’m gonna deep clean my room this weekend. Anything I find and don’t use, I’ll try to sell on eBay. I’m thinking of listing 3-5items a day, Mon-Fri. I’ll try to list anything I have for 1-3 months, and once I get the gist of selling online, buying/reselling 7-10 items daily. I’m hoping within 2 years, I can replace my main source of income or at least have consistent supplemental income. I make about $3k a month at my job, but if I can make an extra $2k or even more; that will really help with getting out of my parents house and starting to live independently. I also want to use these funds to eliminate my car loan & increase my investing that i currently have
Opening Pokémon cards help my anxiety. Don't forget to reward yourself as well. Thank you Chris! I need this reminder after a huge year. Good luck with your new born and keep making progress 💪
I haven't started yet but this video is huge. It is helping me to clarify more the scenario
I started my business as a hobby and I want to make it a business to put it like this I want to take my business to the next level
Just want to thank you for your content. I’ve done well with my business but I now know I need to step it up to make the income I need. Up until now, I didn’t believe I could earn a six figure salary. I know I can intellectually, but hadn’t really believed it. Your channel is very inspiring and I’m so thankful I get to do what I love.
I am consistently able to list 30-40 per WEEK, as a hobby, to earn extra money. I usually sell 15-25 items per week.
I'm in for the goal you suggested for us. Bring on 2023.
I am trying to do 11 per day listing, but only selling about 5 per day. I have almost 4K listings now, 1/3 clothes, 2/3 collectibles. ASP is at $20 but I want that higher, I work two other full time jobs so it is hard to be consistent with my listing habit but my daughter is going to start helping me in 2023 and our goal is to really step it up and get the store size up to 8K items. Ultimate goal is to support us with higher income so I can quit my other jobs eventually. Thanks for this Chris. Been watching you since you started 10k on the bay and you have helped me so much! Merry Christmas to you and your family!
That's crazy, I don't know how you do it. I work a FT job and I can't even get to having 50 listings on my account. Idk why it takes me a long time to list the items I can only do few a day
@@linal3489 It has taken years to get to this point. Once you get a good routine in place and know more about pricing and don't have to research each item it will get faster. I use Tech n Sports method of selling similar off one of my listings or an identical one I find when researching. Watch Cris' process videos. That will help you immensely to save time in your day. You will get there. Just be consistent and don't give up. How great that you are up to 50. Set yourself a goal to get to 100. Then 200 and so on. Goals are so important to have something to shoot for. I wish you the best!
One of the problems for me is that i just can't source a good amount of volume for a decent price. I live in the UK and our charity shops (thrifts) are really quite expensive for clothing and most items in general. I've sold about 50 items in 2 months since I started. I'm doing OK but I really need to find a better way to source for better prices.
We have $20 net ASP, so after fees, cogs and shipping. My son buys, I sell, we are 50/50. So my personal numbers are very close to what you are saying, just for me. I'm listing 8 selling 7, about 3 hrs a day. My next jump will just be to list 10, then I wait for sales to catch up. I get faster so it takes the same amount of time. We are at about 4k profit, split in half. Next year I'd like to hit 100k to give us each 50. Profit before taxes. I also work part time, five hrs five days a week. Going slow has helped me understand and build a more solid foundation. Thank you.
I had needed to hear this motivational content today. Thank you! I enjoy your content.
I am setting goals to go from listing 8-10 items per day to 15 then 25. Moving into a storage unit and wanting to treat this as another business. This channel has been a huge help with growing eBay :)
How do you find that much inventory?
@@trissie55 I live in KC. Within 1 hr from me there is 15-20 thrift stores. There’s 5 within 10 min of me that I can stop by. There are also multiple pallet liquidation places where I can buy bulk. Location has helped a lot. But I just consistently find the items. Some times I find a lot other times it’s a miss. No matter what I have to hit my listing goal so if I need to spend more time sourcing I do. One other part is in self employed. I do real estate full time but I have the flexibility to adjust my schedule to allot time to run the eBay business
@@Da_Pallet_Dude that is good. I work during the week, so I only have weekends now. I have to figure out how to get enough inventory on the weekends to last me through the week. I live in Dallas and have lots of thrift stores around me, but I mainly do shoes and electronics. They’re kind of hard to find right now I’m trying to learn new categories.
@@trissie55 I’d recommend pallets for bulk. Thrift stores/bins are great. Plan a route. Then take pics after for the week. For pallets in my area they come in Thursday. Then you pick up Friday
@@Da_Pallet_Dude what do you buy on the pallets? Are your profit margins lower buying pallets?
If you are gonna quote TLC, can I request Waterfalls for the next video?
Yes! Lol
0-5 items a day. We are working on the next level. We are sticking to low cost sourcing to get us to the next level.
I love the idea of getting to the 30+ level. There's nothing more fun than self-determination.
I’m listing 5-7 (selling 1-3) items a day and I’ve been reselling now for 6 months. Thanks for this video. My methods/goals have been getting a little disorganized lately and this is exactly what I needed to see right now.
How do you find that many items
I'm just starting out on Ebay
0 to 5 a day. Just beginning. Interest in eBay.
Please make a video on hiring, managing and paying employees, I need help and have no experience hiring and managing ppl
Another great video Chris!!! Always love your content.
Glad you enjoy it!
Thanks!
Thank you~ That is very appreciated!
A big expense is the money to drive to all of these stores and purchase inventory. Also thrift stores such as goodwill, salvation army etc. are not producing the inventory they did years ago.
Hey Chris I’m a part time seller, I have 400 items in my store and sell 4 to 5 items a day right now, I’m trying to focus on niching down and getting my average sell price higher.
Did you sell branded products?
@@sumitkundra222 no I sell media, like movies , cds and some board games among other things but I’m niching down.
So am I right in thinking when you say list 5 items a day that is 25 a week as you only work 5 days a week? Does value of listings come into it? Like if I list 5 $100 dollar items or 5 CD’s do you count it all the same?
Super helpful to see it visually as I think about my goals for the next year and as a newbie. Also inspired to think bigger. 5-10 right now. 👍🏻Thanks for all you do for us smallies…
Best of luck!
Great stuff!!
What's the best advise someone could give me starting to do reselling on ebay, I have a full time job and just wanting extra income and hopefully more, thank you for any advice, happy holidays everyone.
I am a small seller trying to scale up- i am at about 375 items right now, posting 7 a day consistently. Is it better to just stay consistent with posting that per day or would it be helpful to post a ton up front to get my total listings up to a certain threshold? I am currently selling about 30% of my inventory per month
Just starting out. I have not listed my first item yet so I'm listening to e eruthing you say 😊
i started my Ebay business drop shipping an the item sold out same day my struggle is sourcing hot items since Halloween black Friday and Christmas coming up
Hi! I'm entirely a hobby seller (I have a full-time career). I sell mainly on Whatnot and eBay (thrifted items and personal collections and belongings). I would like to get to the point where I make about $500-1k extra a month. Love your videos! Thank you!
Okay so I got a question. I started an LLC and recently began to sell on eBay. I am required to collect sales tax in my state. I see eBay doing it every time when an item is purchased. So does the tax eBay collects considered a fee when reporting my sales in my accounting book?
Find a bookkeeper asap. Well worth the small consulting fee. They usually help you get your books set up and know all the tax information.
I don’t know what it’s like in the US, but here in Australia the thrift shops are ridiculously expensive. They even sell on eBay themselves (Salvos) which surprised me, so the best source is Garage sales, flea markets or making something from scratch.
Here in the US we have local apps, the one I use is NextDoor, I've sourced a lot from there, Facebook Marketplace and Craigslist are other options, you may have others Down Under
Hey Chris I’m at 5-10 per day but I don’t have consistency because I just had a baby and I also have a toddler. I joined your reseller group and I hope to grow along with other people in the group!
Let’s do it together!
YOU GUY ARE SO AWESOME!!!!!
I'll be listing daily but my target goals are weekly. So in 2023 I want to hit 1000 active listings before Thanksgiving (I do RA so I sell new items and it would be beneficial to be before then rather than EOY). I'm currently at 600 active listings. I did the math and I need to do about 9 new listings each week PLUS make up for whatever I sell that week. So if I sell through 20 listings for the week and I need to be positive 9 for the week, I have to make sure by the end of that week I have 29 new listings up. Keeping the goal weekly for me I think will help me stay on track for my overall yearly goal of the 1000 active listings. I made a yearly calendar with MS Publisher and marked the target # of listings for each week so I know what to hit. LET'S GO!
Eh doesn't work for everyone but glad it does for some
I am at 5 a day and am just now averaging 2 a day.
I've had to cut back on listing because I don't have the money coming in on Ebay and I had to focus the time working a full time job for now until I can rebuild my funds back up again. Sales in the past couple months are about 1/3rd of what they were 6 months ago, I'll rebuild my funds up and try in the near future. Not sure if things are different in Canada for selling. It's definitely a lot more expensive for shipping and for sourcing stock so i'll have to find new ones to do both as well. People are asking me to sell my stuff at a serious loss now too .. which sucks.
Amazing video thank you
The thing that your numbers don't cover is without employees you are doing everything. Sourcing, Photos, Listings, Pulling, Boxing, Delivery. Pulling and packaging and putting labels on can take 2 hours a day. This is not a quick process.
It’s much faster and easier without employees if you’re doing less than 100 a day.
I am about 5-10 items a day average and am a top rated seller with about 350 items listed . 11:37
I'm listing 0 to 5 items per day at this point. I definitely want to get up to at least 10 per day.
What happens when you run iut of items to list
Total newbie, and have 7 listings on eBay currently and aiming to list at least 1 a day, but I"m reaching that 10 item limit fast without any sales at the moment.
I honestly dropped the ball on my eBay. My main store had 300+ sales was killing it but financially I had to keep dipping into my eBay fund to pay bills. So although on sales I was doing great by the time the end of the month I wasn't ahead. I took time off eBay to get straight an I came back to eBay an my account is below standard an Apparently have to rebuild the trust there. 🙃 This is 100% my fault. Just frustrated and mad with it.
Thank you for this video, very encouraging and seems doable. I am a full time nurse and would like to be able to go to part time or on call and be able to support most of my bills by reselling. I have some inventory but need to make more time to list at least 5 items a day.
Love this video
Okay, so let's go with your example, I want to earn $50/hr with my reselling business.
Let’s say I am selling items I have at home already, to make it simple. In this example, it takes me 15 minutes to list the item, and after it sells, another 15 minutes to ship the item.
So, 15 minutes to list + 15 minutes to ship = 0.5 hrs x $50/hr = $25
This means I need to make $25 profit / item in order to be earning a decent wage like $50/hr. But most items won’t sell if they are $25 more expensive to buy from me then the source I got the item from, ie. Amazon. In order to make $25+ profit I will need to sell really expensive items because you can’t just sell a t-shirt for $50 when it can be found elsewhere for $25.
What am I missing here? Thank you so much!! I am sorry if this is a stupid question!
about those Good American white pants: Vedic wisdom states that none of our clothes should be distressed or ripped as they attract negative energy (resemble poverty / rags / vagabonds). Makes me think of Kanye's fashion trend. Also negative energy from a Feng Shui Qi point of view
Hey, great video! I'm a reseller from Vancouver and currently have sold several hundred dollars in collectables since the summer.
I would definitely consider myself a novice seller but want to reach level 2. Currently spending 6 hours week only on business but I'm thinking more hours and same products? What do u think?
My goal is at least 1,000 profit weekly. im partially disabled from a stroke but i can drive and do light work. hoping this new year to get to my goal. Thank you for such great info!!!
1st srage
HAHAHA Love it! No Scrubs!!! There's ALWAYS room for a 90's reference! Chris, have you tried breathe work for your anxiety? Tons of success with this method.
If ur making 2mil out of a Where house that's really good 😲 not to mention the profit margins must be great because you don't deal with alot of potential loss like theft and etc a box retail store making 1mil plus a year is considered a high volume store and they lose about 20k to 50k if really bad inventory
I really love your biz model! Basically it’s perfect and prove that works.. but I’ve 2 years following trying to find another niche different that clothes
So I have a lot of low value items I’m selling at about $2 profit a piece cost is $.5 each but it takes only 3mins to list should I be setting a minimum dollar amount for profit?
Hi so I realized that you have almost all your inventory in boxes and not in bins (i get the bins) how do you organize your inventory within those boxes ? Knowing your system may just save me more time!
is there such a thing as "too professional" photography? im a director and photographer so my background in taking photos is extensive....i set up props and and color corrected the images, is that "doing too much"? could this scare off potential buyers?
No. Buyers want what they want. If you have items they want to buy listed at prices they’ll buy them, your quality photos will only help your sales.
I think it's unnatural to sell used items with professional level photos. I prefer the some dude's house look.
Gawd I’d be happy to just net $500-$1k a month to help my husband out, since I’m a stay at home mom to a toddler and 3mo old baby
I never had a limit on eBay? My problem is I'm stuck on the 0-5 items. Been in that range for like 5 months.
I'm trying this but jumped in with no research at all spent 1k on stock wholesale only to find out what I bought isn't selling at all lol so I'm going to either donate or sell underpriced to get something back then go back to the begining man am stressed 😥
Ebay is for scammers by scammers
Just starting but not making daily sales after 2 months. Looking to learn. Thanks for the video
I'm struggling with health issues after having just received a diagnosis of Graves Disease a few days ago. The symptoms really prevent me from doing my work. I push myself to do 10 a day, but then I might need a few days off. Then it's time to ship, and then I'm out of it. But I am on medication now! I have really great stuff and today and yesterday, I listed like 15 items. Baby steps. I mean, no one is viewing them but I can't control that side from excellent listings, prices, photos.
so very true,this is the system i been using for a very long time and it works 100%,also another good places to go to besides goodwill,is hitting clearance sections at stores,made alot of money off of clearance items,and another tip to make more money,do liquidation sales on ebay,it helps get rid of deadweight inventory and still make alot of money,100% legit,mindset is everything
do you offer 1 on 1 training?
You have probably the best channel on RUclips for reselling. Can you post a link to any videos you've done about how you do your sourcing?
I'm listing 10-30 most days, my goal 2023 is to be consistent everyday and get up to 30-50 by end of the year. I am an everything seller. Currently I crosslist on 4 platforms but plan to reevaluate that for 2023.
Wow that's amazing! Can I ask what your net profit is from doing all that?
Love your tips very informative information as always, thanks for sharing you are appreciated!
Enjoying the videos and about to restart on EBay- sold a few larger things in another platform so far but larger items of my own.
0-5 so far.
Could you tell me how to find my “unfair advantage” in my area? Do I need to find your Patreon to get that info? Thank you!
I just dont know where to find 85 items a week to list. I sell about $250 a week, listing 2 items a day, thrift (multiple stores each time) 3+ days a week. My criteria is generally, it has to sell for 6x what I'm paying (so i am making 4x or so after fees and shipping). That said I will sell larger items that i generally want to double my money on ($100 cost min and has to sell "quick"). Idk, im sure I could find more items if I bought items that I can make $20 on even if it cost me $40 i could list more, I just dont like having that much cash tied up in inventory... any thoughts appreciated
"500 comments and i'll put on these pants." Hahaha If you want more comments just put them on right now! Square sunglasses too please! Disco Crisco!
What are your thoughts on finding items on eBay to resell on eBay?
I'm 0-5 items per week. Having items still hanging on my walls listed on eBay 😂. I hit local thrift stores once each week looking for one resale item. Any/all profit I use for debt pay down.
so is he saying 100 listing a week solds 30 a week that's sell through rate of 30% isn't that a very high sell through rate?
this is exactly what i needed!!! thank you:)
I'm at the very beginning in the "thinking about it stage" for just making extra spending money right now. I love systems and appreciate how you've laid all of this out. 😊
Thanks liked subscribed✅✅😎😎😀😀
This was very helpful thank you!
Glad it was helpful!
I left a comment on your other video?
My problem is I can’t find what to get at the thrift
Or I usd to think I had to sell every item to profit
Chris is the 4th TLC member no one talks about. 😶😆
Hello Chris.