Thanks so much Chris! Yes I have been moving away from OTC as I got a 3 day restriction the day before super Saturday over some Melatonin gummies. I can't afford a 7 day so I have some questionable inventory that I'm not listing because it's not worth the suspension. Books and clothes are much safer. I work with what I have because I haven't built those relationships enough yet to have solid sourcing in 1 category. Thanks for the review man! Brent
Melatonin is ok to sell on eBay its just not allowed in certain countries (UK) unless it's a prescription. You just need to change the listing in the shipping area to not include anything but the states.
Don't underestimate what Chris is saying about velocity. Low priced items and high volume sales has helped me a lot. It drives traffic and I have gotten repeat customers who purchase higher dollar items. Great tip!
This is Brent. I only have 3 or 4 items under 5 dollars. Those items cost 0 dollars and ship for 3.19. I make about .76 on them. They are also older stock that have been reduced. I don't list anything under 5 dollars. My average sale price is around 20 dollars.
We have a little store. 😆 We only have 69 items listed out of 250 we can list a month. Our issue is storage & hustling work & school at the same time. Great video. One day I wish we can say we make $1000/a month.
Keep at it. I started this a year ago and was doing some here and there. My wife has decided she wants to go full time so we are working towards 250 listings. For our model it should allow her to quit and go full time if you assume 1.5% sell through of your entire inventory in a given period. I feel the pain of sourcing and trying to grow a store with 2 people working full time. Definitely not easy but then again if it were easy everyone would be doing it.
@@roberttuttle598 thank you for your feedback. So far, we have realized that ebay shows promise. Sourcing is not the issue for us. We have tons of stuff to sell. It's really the time it take to edit the pictures, upload them ,etc. We are lucky to know of community wide garage sales in an affluent community & have really banked on the items we found. Some items we profited $30 or so. We homeschool our two children, work, & im in graduate school. So I'm listing like 5 items in a week. I would like to list 100 one day. So far, our average has been 60 items in our store thus far.
@@Bumbita Definitely in a good position if you have your sourcing set up. If you are doing it with your husband you may want to see if there is a way to assembly line the process. My wife is better at taking pics and I am better at doing the listing and specifics. She does the pics and saves it as a draft and I go back in and process the rest and post. Also may want to look at setting up scheduled posts if you are only able to lost once weekly. That way if you can do 70 in a day. Post 10 that day and schedule 10 more each day for the rest of the week. All things we are tinkering around with to try to grow. Also glad to hear you are homeschooling, we did that with our kids for 5 years and then enrolled them in private school when they got older. Hopefully that helps and you are able to get the ball rolling and grow your business.
I thought your comment regarding the finger goo was hilarious. I am always grabbing a pointer to use instead of my finger because my nail looks horrible when seen through a lens. I am glad to hear it matters to at least one more person.
I set my minimum acceptable price a little higher than break even, then set my price a little high and let easy pricing take care of it. You never know when it's going to sell high just because someone wants it now and can't find it and you never want to underprice things. I can't believe these high volume, low profit folks either! But, for now they are making more than I am. I'm old to business, new to eBay and I've always felt high volume low profit is more work for less money. I do it think they will generate more consistent cash flow though. Medium and high profit is always feast and famine.
didn't know men's clothing sold more! Will focus on that. Do I need to be in the 1000 items or more to see more sales? I am at over 300 now and barely selling. I get my clothing for a dollar and list around 12.95 or less and still not selling everyday.
He looks priced right, and he has good description and pictures. What’s spurring early sales is having low priced multiples in the health care. It’s risky if you’re not allowed and if you don’t see tons of competition it’s a good sign you aren’t. If the price is right you have to buy it. I started 2 eBay stores one with clothes and a pallet of medicine mostly legal to sell but it takes a lot of research to find out which is which, and one with clothes. One thrives and one is a grind. I’m currently trying to source a pile of legal replenishing stuff to buff up the grind store, boner pills are the best. Also kinda off topic watch out for returns besides being broken. The amount of counterfeit stuff being sold on Amazon is ridiculous. I find it in all makeup but especially top dollar Korean face creams. Otherwise good start
Funny that you mentioned getting offers with someone saying the shipping is too high. I’ve received few of those….always someone from California. I live in Virginia, near Wash DC. I always have to explain how calculated shipping works to the prospective buyer.
My review of his store would be he needs to sell higher priced items. $4 items are not worth the time it takes to put them in an envelope and ship them.
@Crystal Wylie That's exactly what I was wondering!! If he gets the item for free, sells it for $4.59, shipping media mail will be $3.19, and ebay fees of .78 cents, you would be left with .62 profit! Even if you do that 11 times a day, that is $6.82 or $47.74 a week! That is a LOT Of work for $47. I must be missing something!!!
I haven't had any trouble yet from the water filters. They seem to be a pretty easy simple flip. I've been grabbing all I can find, especially name brand. I did get vero'd on all my Philips shaver heads the other day. About 50 bucks of profit gone.
selling an item $4.59 with free shipping is simply ridiculous! It's a waste of his time and profit. His time is worth a lot more than $1. He might as well sell on FB marketplace. He's basically paying the buyer to purchase his item. I just don't get it!
I AGREE! If he gets the item for free, sells it for $4.59, shipping media mail will be $3.19, and ebay fees of .78 cents, you would be left with .62 profit! Even if you do that 11 times a day, that is $6.82 or $47.74 a week! That is a LOT Of work for $47. I must be missing something!!!
He has said in multiple videos, it’s better not to worry about how many people leave feedback. Because he says, trying to leave people leave feedback might cause more negative feedback.
Men (and women) who lack scruples, will never enjoy the warmth of success. Even if, in the eyes of others, they have achieved it. No matter what they accomplish, the chill of guilt & shiver of shame will never allow them peace to rest. Deception never feels the warmth of the sunshine, the cold & dark shadow it casts is to great
It would definitely help my margins but it would kill my sell through rate. I don't have the space to be storing items. They need to move fast For me to make 1000 a week with a 500 item store.
What's the best way to ask a buyer to leave that good feedback? My items are exact as described, most free & free shipping. Any good feedback is very helpful. Thanks and Happy New Years.
at $4.59 with 10% off, he is charging $4.14. Media mail is $3.19. with free shipping he is making $1. Assuming he paid a quarter for the book he profit is only $0.75. What am i missing?
I understand your whole point about the velocity benefits of selling like this but my gosh. At some point you have to think about how much your time is worth. This seller appears to have far too much time on his hand to on his hands or is just trolling around. This is not it chief..
Needs higher priced items, lots of work - very little profit - Ebay probably loving it, but not making the seller enough money - should aim for minimum sale price of $30 if you have a store that size
Profit margin and sell through rate are better metrics than what the item ultimately sells for. If you sell 1 item a day at $30 and it costs you $25 including fees & shipping then you only made $5 but if you sell 10 items at $5 with a profit of $1 after fees and shipping then you make $10 a day. Your profit per item can be smaller if you can sell items at a higher volume.
@@nathanwhughes totally agree - I aim for an average 600% ROI minimum. The point is - what's the potential profit margin on a 5 dollar item? - you also have to take into account time as a major factor when deling with high sell thorough rates on low value items. Personally I would always aim to sell item for £30+ with a high profit margin.
You’re inspiring me to start off small and first sell what I have here in the house, in which case I found a couple of gems 💎 hanging out here in my garage!
I noticed the store you’re reviewing has several items listed for under $5 with free shipping. Even with media mail. Those will sell for a loss after product cost, eBay fees, and shipping materials.
Thanks so much Chris! Yes I have been moving away from OTC as I got a 3 day restriction the day before super Saturday over some Melatonin gummies. I can't afford a 7 day so I have some questionable inventory that I'm not listing because it's not worth the suspension.
Books and clothes are much safer. I work with what I have because I haven't built those relationships enough yet to have solid sourcing in 1 category.
Thanks for the review man!
Brent
Melatonin is ok to sell on eBay its just not allowed in certain countries (UK) unless it's a prescription. You just need to change the listing in the shipping area to not include anything but the states.
You might want to invest in steamer, bc wrinkled clothes don't bring in as much $.
Don't underestimate what Chris is saying about velocity. Low priced items and high volume sales has helped me a lot. It drives traffic and I have gotten repeat customers who purchase higher dollar items. Great tip!
People missed this point apparently, lol
That was interesting. I like seeing how you analyze someone elses's store and the suggestions you have.
How can you charge $4.59 with free shipping. Nope
I think they play in pennies
If you actually listen, he talks about how selling break even items is beneficial to a new store... for velocity and feedback.....
This is Brent. I only have 3 or 4 items under 5 dollars. Those items cost 0 dollars and ship for 3.19. I make about .76 on them. They are also older stock that have been reduced. I don't list anything under 5 dollars. My average sale price is around 20 dollars.
Chinese sellers do this all the time and still make profit.
But it costs pennies to ship from china to usa.
Irritates me.
Awesome video. Very helpful information as always! Thank you Cris!
You're the best man. Thankyou 🔥🔥
Not much return on those items 😬 I don’t even understand the point
We have a little store. 😆 We only have 69 items listed out of 250 we can list a month. Our issue is storage & hustling work & school at the same time. Great video. One day I wish we can say we make $1000/a month.
The important thing is ... Are they selling and are you making a Great Margin and having a great time
@@RB1TR4G3UR yes, for some items yes. & we have 100% positive feedback.
Keep at it. I started this a year ago and was doing some here and there. My wife has decided she wants to go full time so we are working towards 250 listings. For our model it should allow her to quit and go full time if you assume 1.5% sell through of your entire inventory in a given period. I feel the pain of sourcing and trying to grow a store with 2 people working full time. Definitely not easy but then again if it were easy everyone would be doing it.
@@roberttuttle598 thank you for your feedback. So far, we have realized that ebay shows promise. Sourcing is not the issue for us. We have tons of stuff to sell. It's really the time it take to edit the pictures, upload them ,etc. We are lucky to know of community wide garage sales in an affluent community & have really banked on the items we found. Some items we profited $30 or so. We homeschool our two children, work, & im in graduate school. So I'm listing like 5 items in a week. I would like to list 100 one day. So far, our average has been 60 items in our store thus far.
@@Bumbita Definitely in a good position if you have your sourcing set up. If you are doing it with your husband you may want to see if there is a way to assembly line the process. My wife is better at taking pics and I am better at doing the listing and specifics. She does the pics and saves it as a draft and I go back in and process the rest and post. Also may want to look at setting up scheduled posts if you are only able to lost once weekly. That way if you can do 70 in a day. Post 10 that day and schedule 10 more each day for the rest of the week. All things we are tinkering around with to try to grow. Also glad to hear you are homeschooling, we did that with our kids for 5 years and then enrolled them in private school when they got older. Hopefully that helps and you are able to get the ball rolling and grow your business.
Great video! Always learning something new that can help improve my shop.
I thought your comment regarding the finger goo was hilarious. I am always grabbing a pointer to use instead of my finger because my nail looks horrible when seen through a lens. I am glad to hear it matters to at least one more person.
Love the channel, thanks for all of the valuable info!
You’re very welcome!
I've always loved playing cards. Just picked up a bunch recently. Thanks for the info. Very helpful.
As always, great job Chris.
I set my minimum acceptable price a little higher than break even, then set my price a little high and let easy pricing take care of it. You never know when it's going to sell high just because someone wants it now and can't find it and you never want to underprice things. I can't believe these high volume, low profit folks either! But, for now they are making more than I am. I'm old to business, new to eBay and I've always felt high volume low profit is more work for less money. I do it think they will generate more consistent cash flow though. Medium and high profit is always feast and famine.
Not a bad idea
didn't know men's clothing sold more! Will focus on that. Do I need to be in the 1000 items or more to see more sales? I am at over 300 now and barely selling. I get my clothing for a dollar and list around 12.95 or less and still not selling everyday.
He looks priced right, and he has good description and pictures. What’s spurring early sales is having low priced multiples in the health care. It’s risky if you’re not allowed and if you don’t see tons of competition it’s a good sign you aren’t. If the price is right you have to buy it. I started 2 eBay stores one with clothes and a pallet of medicine mostly legal to sell but it takes a lot of research to find out which is which, and one with clothes. One thrives and one is a grind. I’m currently trying to source a pile of legal replenishing stuff to buff up the grind store, boner pills are the best. Also kinda off topic watch out for returns besides being broken. The amount of counterfeit stuff being sold on Amazon is ridiculous. I find it in all makeup but especially top dollar Korean face creams. Otherwise good start
Funny that you mentioned getting offers with someone saying the shipping is too high. I’ve received few of those….always someone from California. I live in Virginia, near Wash DC. I always have to explain how calculated shipping works to the prospective buyer.
Tell me about it! Lol.
I like the style of the new videos. Music is good. Always great information
Thank You!
The shirt reviewed had medium in the title but large in the description and on the tag.
nice catch
I thought he cloned your store. 😂
3:37 “Do Do” 😂😂
My review of his store would be he needs to sell higher priced items. $4 items are not worth the time it takes to put them in an envelope and ship them.
It is bc it increases the velocity of the entire store, do people not listen? Lol
@@dailyrefinement And he can go broke while waiting on this store ¨velocity¨.
Yes better clothing brands too. 11$ Free Shipping aint it for a Timberland Shirt aint it
@@andrewchapman5659 lol no that was a north face tee. The Timberland just sold for 15.99+ 9 bucks shipping
@Crystal Wylie That's exactly what I was wondering!! If he gets the item for free, sells it for $4.59, shipping media mail will be $3.19, and ebay fees of .78 cents, you would be left with .62 profit! Even if you do that 11 times a day, that is $6.82 or $47.74 a week! That is a LOT Of work for $47. I must be missing something!!!
How do you copy a store, there are thousands of stores with the same strategies and layouts
Why water filters a problem?
Sealed should be no problem.
I haven't had any trouble yet from the water filters. They seem to be a pretty easy simple flip. I've been grabbing all I can find, especially name brand. I did get vero'd on all my Philips shaver heads the other day. About 50 bucks of profit gone.
You were right about the LL Bean. Came down 6 bucks and got a watcher in a day and much steadier views.
Can get in trouble for selling Brita water filters and Mr. Coffee filters?
selling an item $4.59 with free shipping is simply ridiculous! It's a waste of his time and profit. His time is worth a lot more than $1. He might as well sell on FB marketplace. He's basically paying the buyer to purchase his item. I just don't get it!
😂
I AGREE! If he gets the item for free, sells it for $4.59, shipping media mail will be $3.19, and ebay fees of .78 cents, you would be left with .62 profit! Even if you do that 11 times a day, that is $6.82 or $47.74 a week! That is a LOT Of work for $47. I must be missing something!!!
What do you do about people not leaving feedback? I feel majority of my buyers dont leave feedback and my packaging and shipping times are solid
I just leave them feedback and if they return the favour fine, if not no big deal. I think I get around 40% that leave feedback.
He has said in multiple videos, it’s better not to worry about how many people leave feedback. Because he says, trying to leave people leave feedback might cause more negative feedback.
One thing I stick with. No feedback is good feedback.
@@mayorsabi746 I couldn’t 100% remember, but yes your exactly correct.
at least when they give positive feedback right away after receiving the item the seller doesn't worry about the item being returned.
Thanks for the video.
No worries!
Bruh, I checked out your store and like the layout but more, the pics you have for each item.
On photos, does the Ebay algorithm prefer photos that use Ebay's background Remover tool over untouched photos?
doesn't matter
Men (and women) who lack scruples, will never enjoy the warmth of success. Even if, in the eyes of others, they have achieved it.
No matter what they accomplish, the chill of guilt & shiver of shame will never allow them peace to rest.
Deception never feels the warmth of the sunshine, the cold & dark shadow it casts is to great
how do you do the math chris on the beginning active vs sold for the percentage on sell through
I usually keep the store the same size all year
I mean how do you come up with 61% is there a way to calculate how many items vs sold to find the sell through percentage of the month?
He needs to raise his prices by $3, and see if it will improve his profit margin.
It would definitely help my margins but it would kill my sell through rate. I don't have the space to be storing items. They need to move fast For me to make 1000 a week with a 500 item store.
always make users pay for returns, if not cheap scammers bite
I like higher prices because it’s just less work. I can sell less and earn more.
What's the best way to ask a buyer to leave that good feedback?
My items are exact as described, most free & free shipping.
Any good feedback is very helpful. Thanks and Happy New Years.
Do a good job with the transaction
at $4.59 with 10% off, he is charging $4.14. Media mail is $3.19. with free shipping he is making $1. Assuming he paid a quarter for the book he profit is only $0.75. What am i missing?
You might have missed the entire point of the video. Velocity is king on ebay and also in real life.
Love the store review video! Thanks
Great review on selling on eBay as a hobby
I net 800 to 1000 a week
I understand your whole point about the velocity benefits of selling like this but my gosh. At some point you have to think about how much your time is worth. This seller appears to have far too much time on his hand to on his hands or is just trolling around. This is not it chief..
Needs higher priced items, lots of work - very little profit - Ebay probably loving it, but not making the seller enough money - should aim for minimum sale price of $30 if you have a store that size
Average sale price is 17. Something and ebay sends me around 1000 a week.
Profit margin and sell through rate are better metrics than what the item ultimately sells for. If you sell 1 item a day at $30 and it costs you $25 including fees & shipping then you only made $5 but if you sell 10 items at $5 with a profit of $1 after fees and shipping then you make $10 a day. Your profit per item can be smaller if you can sell items at a higher volume.
@@nathanwhughes totally agree - I aim for an average 600% ROI minimum. The point is - what's the potential profit margin on a 5 dollar item? - you also have to take into account time as a major factor when deling with high sell thorough rates on low value items. Personally I would always aim to sell item for £30+ with a high profit margin.
Salesoftheunexpected you have 3 dollar cassette tapes in your Store and 206 items. 30 dollar min?
That opium comic is pretty cool though
I’ve never left feedback on anyone and I have over 300 item sales so should I start
Doesn’t hurt
What size are your inventory boxes?
Dailyrefinement.com for breakdown, 30x8,8
is that gunk on his finger a birthmark? lol
Do you have any videos on how you clean and prepare your items? Do you clean and iron before you picture them or after?
I don’t, I just buy items that are ready to go
Wow those are tiny margins though.
oh my, they copied your store? OFF WITH THEIR HEADS!!! really very few of us are originals....you'll be okay...cream rises!
Very important question...
Why don't you FBA your products on amazon?
Not everyone wants to be a volume seller. Is there not room for mid-priced items…
There is, if it’s more rare
61% is a lot better than I’m doing, at least I’m pretty sure
You’re inspiring me to start off small and first sell what I have here in the house, in which case I found a couple of gems 💎 hanging out here in my garage!
I noticed the store you’re reviewing has several items listed for under $5 with free shipping. Even with media mail. Those will sell for a loss after product cost, eBay fees, and shipping materials.
Depends on media mail and top rated discount on FVF and shipping
Not several... 3 out of 570
You can coach deez nutz before I pay you to tell me how to remove neutral feedback.
Too cheap on the start
😎👍
👍
Don’t ever show hands or any other body parts in a merchandise photo. It’s extremely unprofessional and visually distracting in a negative way.
1st view
nope
Let’s go!
Primero
Wow you are so cool
@@cameronvelasquez3500 Let him have something lol
@@cameronvelasquez3500 thank you ❤️
@@EddieKM ❤️
Very important question...
Why don't you FBA your products on amazon?
Don’t want to deal with making my own stuff