Can I Restart My Business with Only $10? - Week 5
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- Опубликовано: 14 окт 2024
- We restarted our eBay business with $10 working up to $5,000 in profit! We need to get more items to sell to reach our goal. So we head to an estate sale full of all kinds of stuff, wonder what we'll find?
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Let me tell you something what these boys are doing right here is exactly how I started a now very high six figure eBay business yea and there doing with limited funds exactly how I started so any of you doubters out there I would say this to you as with anything it takes hard work and dedication. Keep up the good work gentleman really fun to watch this even though I’ve been on eBay for years.
Sadly, those magic cards are essentially worthless, but you might be able to sell them as a bulk lot for a few dollars. I'm really enjoying this series and learning a lot. Keep it up!
!ll land cards, that's awesome! Someone before left them behind after scoring the collection.. haha
For free shelving, try crusing behind warehouses. Alot of places just drag them out to the dumpster, but dont put them inside!!
These episodes can’t come out fast enough! Wish there were more per week!
Thanks so much! We wish we could put out more!
More screen-time for Brother Dave!
Love the hustle guys great job this series is so motivating :) God bless Skylar and Dave as well as your families!!!
Love it! You guys are all so fun to watch. I hate buying dirty items that need cleaning. You definitely learn as you go what’s worth messing with and what isn’t.
Ok. I know that you really have access to printers and computers. But... How would someone print the shipping labels if they didn't have a printer? (I know you are listing on the phone).
Other than that small detail I love how realistic everything is for starting out.
Such a great series. Extremely relatable and really shows how low the bar to entry is for anyone looking to make some extra cash.
Shows that if it isnt a very cheap price and no one wants it straight up just wait for the 10% offer then send an offer lower than that and stick to it. No seller wants you to know that 😀 Most want a quick sale. Power to the buyer!!!
This series has been very helpful to me as I just started doing this 3 weeks ago. This channel and your main channel are in my top 5 YT channels I follow. Thanks for your willingness to share and help folks be successful. Blessings!
We appreciate that so much! Thank you! You should definitely join our discord! We have so many members that have grown their reselling careers into full time businesses! Whether you want to go full time or not it’s the place for you! 😃
I love this series! How are you guys calculating the hourly wage?
On items like the jacket I lower the price $10 every couple weeks just to move it quicker.
I am really enjoying this series and am always impressed with the production quality and effort that goes into it making it. So thank you guys very much. Keep on a rockin!
So if I understand this right 13.25% goes to ebay and 25 percent of my annual earning will go towards that 1099 tax stuff. So 38.25% of everything I sell plus tax is is given away? Bout to give up ebay because thats not profitable or worth my time if this is correct.
13.25% is ebay fees, tax is applied to any and all income streams, not just reselling. The main question is if it's worth your time for the 13.25% cost to have access to buyers. No matter how you make your income, you will always pay 25% or whatever the percentage is of the tax bracket you fall in based on how much you made the previous year.
Not legal tax advice, but that's how I've come to look at it anyway. The only difference I've noticed in taxes with reselling is there's a few different forms you use to file than just filing a simple tax return if you only worked a traditional 9-5. At the end of the day, your income gets taxed no matter what, so it shouldn't be a deterrent specifically to reselling itself.
I sell boat engine parts on ebay and when pandemic started I started getting into collectibles since majority of state owned boat ramps were closed and sales started to diminish. but I do roughly 250k a year on there, last year was wild with the graded collectibles market and was more like 300k area. This is my full time job and I live very comfortably doing it and I do it all by myself 9-6 mon/fri. if you get a store subscription and do 30 day free returns with one day handling time my fees are roughly around the 8/10% mark depending on the price of the item. Also I'll add that there's business write off's for your taxes.
@@MuggsyTMi learned today i can write off office space, rent, food on the road, cellphone,repair, interest, equipment,utilities and, transportation plus the receipts themselves on the 1099. Is this true for ebay reselling?
Keep it up with these videos! Love this series! Thanks guys!
Thanks so much!
Great series. Definitely enjoying the journey!
Glad you enjoy it!
Holy Smokes. What a great idea. I could have sworn I’ve seen this idea somewhere?
Great episode. Ya'll are aggressive with sales. Dang. :D
At first glance, 22 listings sounds like a busy week. You only invested ~15% or so of your available funds through. Cash was originally the limiting factor, but now that you've got some momentum, it seems like time is the barrier. Is the time cap inhibiting your sourcing? Did you count both Dave and Al's time for the estate sale, or are you considering Al Pal to be a discord resource who just happened to be in the neighborhood?
The thrift store suggestion below seems like a good idea.
If you want to keep to the spirit of the challenge, do you need to move up a level of sourcing to invest more of your available cash within your now more limited time?
Thanks for all your thoughts! Time is definitely a limiting factor! We have to do with what we have! We do considering Alpal as a resource and don’t factor his time in.
Thrift stores are a great and we hope to move to different levels of sourcing as we continue to grow and have more income!
You should consider joining our discord! We would love someone sharing their thoughts like you just did!
like this series alot
Box of modern Magic lands? Worthless.
That’s funny you guys sent me offers for that jacket and I only looked at it because of this video.
Proof that eBay is actually sending out offers to interested buyers.
I have that same train set up for sale right now lol
Still don't know how your printing labels for USPS pickup without a printer
Hello!
Like the series. I am seeing that Ebay has been pouring out a lot of money with sponsored videos. I really wish they spent money, time and effort with Staff that were specific to problem resolution with bad buyers and scammers. Unfortunately the staff seem woefully capable of dealing with these issues.. to the point where they just submit cases against buyer that just get dismissed without any kind of review. Even allowing sellers to leave Neutral / Negative feedback on buyers when necessary would be a good start. The partial refund scam has been terrible, I am avging 2-3 buyers a month who don't want to return items but insist on partial refund because they did not review photos/description and leverage that they have yet to leave feedback and are waiting to see my response whether I allow them to keep the item AND give them a partial refund.
eBay probably invests the most we’ve seen in this area. You just have to ask for help. You are under no obligation to send a partial refund, you can politely ask for the the customer to return the item if they are not satisfied, if they’re extorting you for a review then eBay will side with you and remove negative or neutral feedback. eBay sides with sellers far more than any other platform we sell on.
@@catrpcrew I think your experience as a content creator and one that Ebay has chose to reach out advertise for them through sponsorship is quite a bit different from those who are creators nor sponsors. I have been on Ebay since Oct 2003 and can attest that there has been a decided shift as of late on removing inappropriate feedback on Ebay, the process has been made more cumbersome and many times the case is flat out denied without a valid reason or review. Calling back many times I will get a rep who says yes this should be removed.. they submit another case and yet again denied without review as its just a canned cut and paste email with non situation specific wording. I am not a small reseller either and am also Top Rated on the platform. Many times when all else fail Ebay for business are more helpful but recently that has changed as well. I wish this was just a situation that maybe just I am experiencing as of late.. but many long time Sellers on the platform have expressed the same things I am. I understand that being sponsored by Ebay is a bit of a conflict of interest when responding to such comments/concerns but I would implor you look into many sellers feelings about customer service with fraud/extortion and feedback removal as of late on sites like Reddit / Facebook / Even RUclips comments on channels which discuss such issues. Sorry for the long rant
$20 for a row of Magic the Gatheirng basic lands is way too high. These go for probably 10 cent (I assume in US) a piece.
Love the series. Are you guys promoting? If so what %
Thanks! Yes, we are promoting. We might promote differently depending on the item but we generally promote at at least 2.1% on everything.
You should join our discord where we always bring up conversations like this and learn from each other!
Chases bro, pls thank you
And brother Dave 😂
Where can one acquire the starter kit mentioned for purchase?
If a customer pays for priority shipping, do the priority boxes at the post office cost anything or are they included with the purchase of priority?
Priority boxes are free from USPS. You can grab them from the post office or order them online with free delivery.
@@CommonScentsAintSoCommonNow thank you! Helpful to know
@@benstrocity4845 online is better imo because they list every available size. Most post offices only carry the popular sizes.
Ouch that headbutt hurt 😂
😂
I want to buy the turok comics but only from you guys but u won't tell me the store
Buying at 25 and selling 47 must be a loss after seller fees shipping and irs
I’ve been doing this recently a lot and I realize vide games are kind of overrated when it comes to reselling. Everyone is fighting for them & the profit margins can be very then.
It’s definitely a good idea to look for other items as well. There’s plenty out there!
Let’s gooooooo
you should have offered $150 to one and waiting to see and then if no response, accept the other closer $140
That would have been a great idea! Thanks! You should consider joining our Discord! We would love to have someone like you in the community!
In your 10 hours I don't see any time for video taping and editing video's?
because that's not part of the challenge
99% of People doing a side hustle on eBay wouldn’t be recording and making videos on it
It is funny how you all are complaining about shipping to CA , where here i am in CA complaining when i have to ship back east to FL or NY ,lol
how much was your fuel this week? did you eat/
Why even ask that. They’re doing this for part time, as a side hustle not their full time income yet. do you account your exact fuel everyday you go to work? Exactly how much you spend on every bite of your meal? It’s a side hustle, they’ve got a different full time job. These questions are stupid
@@angrybirdbob2881 i actually do keep track of all of that. ill let you guess what i do for a living as well....this is like saying you paid for the stamp but who cares what the envelope cost? what about printer ink or thermal labels? its not free.....what about the printer was that free? how about the electric bill/ is that free? the air in your tires might be nothing, but what about the pump to put it in there? hows bout your cell phone? do you charge it?
give me a break
If you run a side hustle ebay store out your house the food and electricity is your houses not part of your ebay side hustle. Also this a youtube video haha
@@BVamp123 you’re right, none of those are free (kinda, you did mention a couple things with are literally free). However those expenses would come out of their full time job. Which again, this is just a side hustle, and would be stupid to keep track of for
@@angrybirdbob2881 this is exactly what I do. its not a side expense, but something I keep track of for my 1099
its not stupid. telling someone you can start an ebay business for ten bucks is stupid. what are you a kid selling pokemon cards?
yeh im not going to claim my vehicle costs in january on my 1099. wtf?
Have you figured a business name?
Since you have a close relationship with ebay can you ask them why they allow counterfeit Pokémon games. Also can you comment on this or make a video on this. When someone is selling Pokémon games for $15 and you can buy as many as you want and they are from China you know it’s fake.
First UwU
Thinking about joining discord. You guys give advice on book keeping and taxes in regards to reselling? I sometimes buy video game lots with the intention of keeping some and selling the rest for example.
Is Brother Dave a Pasture
If you Pastor, no he’s not. But he’s a very faithful, kind, loving, spiritual man! 😃