I had such a hard time checking comps/stock photos for eileen fisher items. Just tried your fabric content strategy on one of my listed items and voila!!! Tenured reseller here and still learn stuff everyday. Thank you for the content you provide 🎉
I think this has been the most helpful video I've watched since I began my reselling journey, which has only been about 7 months. The whole "comps" thing has always mystified me. But what always actually frustrated me was the fact that all the poshers on RUclips would throw that word around all the time, but never actually explain what that word is (in the reselling world) and how do you literally "check the comps". Thank you so much for explaining it both in theory and practice!!
I've been a reseller for over 6 years and I always learn something from your videos! And, yes, I'd love to see a 'Thrift with Me' video from Wichita. Always interesting to see what buyers find in different parts of the country. And I hope things are going well there for you and your family, sending my best to you!
I cannot tell you how many people I’ve asked, how do I compare comps and figure up the possible profit margin? You’re the first to actually explain it in detail. Thank You!!!
i feel like this is sooo tedious especially if your thrift if like 20-30 items. i know it’s totally necessary but it’s not my favorite part of reselling
I loved this video very detailed and you showed me several ways on checking comps step by step. Very needed video especially for resellers like myself. Comps are very very important and crucial for resellers.
Love your videos! Yes please please do a Wichita thrift with me! I’m dying to know if I am missing things here or if it’s just not a great sourcing location.
I've been reselling since the beginning of 2021 and your channel has been my go-to for advice. Thank you for all of your wisdom. I just wanted to say that I can't believe the prices of the items you find! A NWT pair of The North Face pants for $4.99? Here in Wisconsin, that'd probably be at least $14.99 at Goodwill. More at St. Vinny's. Eileen Fisher for $3.99? Never. Any item sold at Revolve? Hah! I've found one in the 7 months I've been doing this and it had a significant hole and was unraveling. They were still trying to sell it for $4.99. I can rarely find brands even this good here in resale stores and, when I do, they're never worth it because the prices are incredibly high. Plus, they're often damaged. We do have St. Vinny's Dig & Save here where prices are excellent but rarely will good brand names make it there. When they do, 80% of the time, they're stained or damaged. Almost everything of any actual value in my Posh closet is a personal item that I bought brand new for me years ago. I guess I'm just venting. Every time I watch your videos, I pause every few minutes to say "WHAT? You found ____ for ___?! AND new with tags?!" I know it has something to do with the wealth in the Midwest compared to the west coast but damn. It's not like I'm in the middle of a cornfield. I live in a big city where we have stores like Lululemon, Madewell, Michael Kors, and Kate Spade... but none of it ever makes it to the secondhand stores? I guess more people here hang onto nicer items longer or sell them themselves. What I'm saying (to anyone reading this) is, if you can find nice items like these for good prices like these, be thankful. :) And, I mean, if anyone has any tips for reselling in the Midwest/my situation, they'd be appreciated!
I too live in the Midwest and I find great items routinely at the bins and standard Goodwill. To get nicer items I have to pay up at consignment/ but sell trade stores.
@@abipalm5693 Me? I've probably sold 25% of my closet listings and the average sales price is about $20. I don't have a ton listed so far because of lack of funds to pour into stock and I've been kept busy with other work. It's more of a side thing for now until I can free up more time and money to source. (At the moment, I try to source once a week.) The inability to find decent items to sell is the #1 reason why my closet isn't very filled out, though. When I try to source, I usually only come home with an item or two after I just combed through a store for five hours. I'm changing my game plan to only purchase from Dig & Save where the average price per garment will likely be about $1. I've wasted way too much time at Goodwill. With an initial cost of a dollar, it's pure profit, no matter how much it sells for and, if it is damaged and I don't catch it before purchase, it's not a huge loss. Personal items make up about 1/3 of my closet. The rest was sourced just for reselling. It's almost all women's and men's clothing. No rhyme or reason to it, just try to find anything I think I can make a decent profit off of based on comps. I like Mogi Beth's rule of ~60%+ profit margin but usually have to settle for less. I don't do much in the ways of shoes and accessories, though I'm not opposed to them. I've just had extremely little luck finding anything even remotely valuable. I stay away from home goods, beauty products, pet stuff, and the like.
I’m wondering if you send offers to likers as soon as they like an item, or do you wait until you have multiple likers? The potential loss of profit escalates with each price reduction! Thank you. Love your videos; very helpful.
Great video and editing! Thanks! Would be interested to see RA or consignment stores there to see how the prices are. Hope you are doing okay out there! Sending positive vibes your way. ❤️☀️
Is that your man looking like a little trooper in the driver’s seat of your car? 🤣 So cute! Also, with the prices of Goodwill up in Portland, have you ever considered shopping at Plato’s Closet, girl? I’m in the Bay Area & my local Plato’s are RIDICULOUS! I’m talking $6 Aviator Nation crewnecks & I just grabbed a Pendleton purse for $8 yesterday… idk how these kids bop thrift stores stay open exactly, but it looks like all the franchises follow a Winmark model & somehow manage to crush it! If you want Lululemon they got that biz for daaaaaays… and I happened to befriend the owner of 4 of my local Plato’s & she now has me as clean up for all the rejects from her buying counters & OMG!!! I haven’t even bothered with Poshmark since this has happened because I can’t even walk into a Crossroads or Wasteland without making over $500. Since the target market for Plato’s is teenyboppers they often pass on all things high end or too adult-like, including Free People, soooo… this is a hot tip that I’m probably going to erase sooner than later for obvious reasons, but def wanted to share with you because you shared with me! Girls supporting girls! 💁🏻♀️ Also, congrats on the new love of your life currently on their way! May you always be this exponentially blessed in every possible way, girl! Cheers! 👯♀️💖
Thank you so much for all of this help! I'm just beginning my adventures in reselling, and I've watched several of your videos...thank you for being so kind.
What’s so annoying is how Poshmark keeps reverting back to My Size every single time o add keywords or search for sold vs available. There’s gotta be a fix for that right?
Do you have a video on how you do your book keeping? I'm learning but I thought maybe you could do a vid on key tips on what is most important with keeping track of income and business spending.🙌🏻💜🙏🏻
Hi! I am a fairly new reseller, only about a year in, so there’s always a possibility that I’m reading some thing wrong and I really don’t want to put my foot in my mouth, so please tell me if I’m wrong on this… One thing that I always check along with my Solds, when checking comps (which I did learn from you, by the way😘) is to check how long ago the items were sold. I do this by checking when the item was last updated, which could be misleading at times, but is usually pretty accurate since the last time it would be updated would be the day that it sold, correct? By checking this I can tell if the interest in the item was flourishing at one time but died weeks or even months ago… and if it’s a seasonal item, I might just need to hold onto it a little while before listing…Am I wrong in my thinking on this? I would love any feedback! Love your stuff and thanks for all your hard work!
I'm also new and do the same thing. I wish there was a sort option for recently updated. On Reddit I was told to sort by "just in" to see the most recently sold. But that doesn't make sense to me since you wouldn't see items that had been been listed months prior to the ones recently listed.
I love you Mogi! Hey is that really your name or just RUclips? Either way...I love you! Definitely my fave PM guru! Thanks for being clear, thorough and friendly!
Good research tips. Are you actually standing in store while you do the comp research? It seems like it could be cumbersome or awkward if store was busy. Any tips?
Thank you so much! question, do you do all this at the goodwill outlet too? I feel that I wont have the time to do this there,, I do it when I go to regular goodwill but the bins is usually kinda crazy here in Utah
Do you find that checking comps in the dressing room provides more privacy from others seeing what you are doing, or was this a one time thing for filming? Could you also provide the formula you use when doing the math? I don't think I quite understood the dividing by 30. Thank you! Awesome and informative video as always 🤗
I dont think you can but you can look to see if there were any comments/questions on it, since those are dated. Also, mogi beth did a really great video about a month ago with some pro tips and 1 was how you can look up the image to seewhen it was posted, altho that won't necessarily tell youwhen it sold, justwhen the orginal photo was taken
I had such a hard time checking comps/stock photos for eileen fisher items. Just tried your fabric content strategy on one of my listed items and voila!!! Tenured reseller here and still learn stuff everyday. Thank you for the content you provide 🎉
Mogi Beth you a real reseller MVP. Great tip for finding Eileen fisher items.
I think this has been the most helpful video I've watched since I began my reselling journey, which has only been about 7 months. The whole "comps" thing has always mystified me. But what always actually frustrated me was the fact that all the poshers on RUclips would throw that word around all the time, but never actually explain what that word is (in the reselling world) and how do you literally "check the comps".
Thank you so much for explaining it both in theory and practice!!
You are the Comps Queen! If you ever decide to make merch I would definitely buy a “Check Comps” enamel pin. ☺️
Yes, a thrift with me video would be great!
I've been a reseller for over 6 years and I always learn something from your videos! And, yes, I'd love to see a 'Thrift with Me' video from Wichita. Always interesting to see what buyers find in different parts of the country. And I hope things are going well there for you and your family, sending my best to you!
An educated reseller is a good reseller. Thanks as always for your excellent content!
I wish Poshmark would add the barcode scanner like EBay!
That would be a game changer
@@laurafernandez4705 I’m sure it’s a matter of time before it will be implemented. At least I hope!
I needed a refresher on checking comps! Thank you for always providing such high value content for resellers!
I cannot tell you how many people I’ve asked, how do I compare comps and figure up the possible profit margin? You’re the first to actually explain it in detail. Thank You!!!
i feel like this is sooo tedious especially if your thrift if like 20-30 items. i know it’s totally necessary but it’s not my favorite part of reselling
Everyone else's goodwill is so nice, big and clean, New North Face I have never seen anything like that here in MI, 🤩
Mi is depressed.. many people left
I loved this video very detailed and you showed me several ways on checking comps step by step. Very needed video especially for resellers like myself. Comps are very very important and crucial for resellers.
Thank you so much for sharing, I've never thought about searching for the material composition!
Love your videos! Yes please please do a Wichita thrift with me! I’m dying to know if I am missing things here or if it’s just not a great sourcing location.
I've been reselling since the beginning of 2021 and your channel has been my go-to for advice. Thank you for all of your wisdom.
I just wanted to say that I can't believe the prices of the items you find! A NWT pair of The North Face pants for $4.99? Here in Wisconsin, that'd probably be at least $14.99 at Goodwill. More at St. Vinny's. Eileen Fisher for $3.99? Never. Any item sold at Revolve? Hah! I've found one in the 7 months I've been doing this and it had a significant hole and was unraveling. They were still trying to sell it for $4.99.
I can rarely find brands even this good here in resale stores and, when I do, they're never worth it because the prices are incredibly high. Plus, they're often damaged. We do have St. Vinny's Dig & Save here where prices are excellent but rarely will good brand names make it there. When they do, 80% of the time, they're stained or damaged. Almost everything of any actual value in my Posh closet is a personal item that I bought brand new for me years ago.
I guess I'm just venting. Every time I watch your videos, I pause every few minutes to say "WHAT? You found ____ for ___?! AND new with tags?!" I know it has something to do with the wealth in the Midwest compared to the west coast but damn. It's not like I'm in the middle of a cornfield. I live in a big city where we have stores like Lululemon, Madewell, Michael Kors, and Kate Spade... but none of it ever makes it to the secondhand stores? I guess more people here hang onto nicer items longer or sell them themselves.
What I'm saying (to anyone reading this) is, if you can find nice items like these for good prices like these, be thankful. :) And, I mean, if anyone has any tips for reselling in the Midwest/my situation, they'd be appreciated!
I too live in the Midwest and I find great items routinely at the bins and standard Goodwill. To get nicer items I have to pay up at consignment/ but sell trade stores.
Just wondering since you started reselling how are you doing on your sales? What type of merchandise do you sell?
@@abipalm5693 my sales are good, on posh alone I've been paid out $19k for 1k items in 14 months. I sell clothing mostly women's.
@@abipalm5693 Me? I've probably sold 25% of my closet listings and the average sales price is about $20. I don't have a ton listed so far because of lack of funds to pour into stock and I've been kept busy with other work. It's more of a side thing for now until I can free up more time and money to source. (At the moment, I try to source once a week.) The inability to find decent items to sell is the #1 reason why my closet isn't very filled out, though. When I try to source, I usually only come home with an item or two after I just combed through a store for five hours.
I'm changing my game plan to only purchase from Dig & Save where the average price per garment will likely be about $1. I've wasted way too much time at Goodwill. With an initial cost of a dollar, it's pure profit, no matter how much it sells for and, if it is damaged and I don't catch it before purchase, it's not a huge loss.
Personal items make up about 1/3 of my closet. The rest was sourced just for reselling. It's almost all women's and men's clothing. No rhyme or reason to it, just try to find anything I think I can make a decent profit off of based on comps. I like Mogi Beth's rule of ~60%+ profit margin but usually have to settle for less. I don't do much in the ways of shoes and accessories, though I'm not opposed to them. I've just had extremely little luck finding anything even remotely valuable.
I stay away from home goods, beauty products, pet stuff, and the like.
@@SLSLSLSLSL What platform(s) do you sell on? Can you share your closet with me?
Thx for all the tips! I didn’t know how to do profit margins and all that lol
Excellent video! Thanks for sharing 💕☺️
I’m wondering if you send offers to likers as soon as they like an item, or do you wait until you have multiple likers? The potential loss of profit escalates with each price reduction! Thank you. Love your videos; very helpful.
Thank you so much for guiding.
Omg this is my Goodwill. They have great stuff
Thank you so much for guiding me through all that. I love your videos.
This is soooo helpful 🎉
Thank you so much for your time!
Omg! I lived in Wichita for 12 years and discovered thrifting at the Goodwill stores there!
Thank you for your help!!!!!
Thanks so much for this. Now I will run more comps
Great video and editing! Thanks! Would be interested to see RA or consignment stores there to see how the prices are. Hope you are doing okay out there! Sending positive vibes your way. ❤️☀️
Is that your man looking like a little trooper in the driver’s seat of your car? 🤣 So cute! Also, with the prices of Goodwill up in Portland, have you ever considered shopping at Plato’s Closet, girl? I’m in the Bay Area & my local Plato’s are RIDICULOUS! I’m talking $6 Aviator Nation crewnecks & I just grabbed a Pendleton purse for $8 yesterday… idk how these kids bop thrift stores stay open exactly, but it looks like all the franchises follow a Winmark model & somehow manage to crush it! If you want Lululemon they got that biz for daaaaaays… and I happened to befriend the owner of 4 of my local Plato’s & she now has me as clean up for all the rejects from her buying counters & OMG!!! I haven’t even bothered with Poshmark since this has happened because I can’t even walk into a Crossroads or Wasteland without making over $500. Since the target market for Plato’s is teenyboppers they often pass on all things high end or too adult-like, including Free People, soooo… this is a hot tip that I’m probably going to erase sooner than later for obvious reasons, but def wanted to share with you because you shared with me! Girls supporting girls! 💁🏻♀️ Also, congrats on the new love of your life currently on their way! May you always be this exponentially blessed in every possible way, girl! Cheers! 👯♀️💖
This really helped Mogi. Thanks for addressing this
Great information on how to check comps.
love the tip about searching material content 👍🏼
Thank you for sharing your tips and tricks! There is always something new to learn with you. Thank you!
Very helpful. thanks!
Thank you for this information, looking up comps save me alot of money of bad buys
Great tips thank you! Yes thrift w/me in Wichita! Thanks for the video!! You are so smart girl!
You read my mind thanks❤️🙏🏾
This was great! Thank you Mogi.
wow your goodwill has good stuff with good prices all that stuff would be like over $10 at my goodwill 😂😂
Do you live in Michigan
What about the items sold in bundles? The comps are never correct when that happens
Thank you so much for all of this help! I'm just beginning my adventures in reselling, and I've watched several of your videos...thank you for being so kind.
You resellers work SOOOO hard!
Thank you for such a great video!! Apparently, I came into Poshmark as a seller, with zero knowledge. 🤣
I'm new to your channel and from Wichita. When you said, "checking in Wichita", I was like "what?!"
For sure subscribing 😊
What’s so annoying is how Poshmark keeps reverting back to My Size every single time o add keywords or search for sold vs available. There’s gotta be a fix for that right?
Your videos are always a wealth of information!!!! ❤️
Great video! Thank you for sharing your insights and strategies! Your videos are incredible helpful for me as a new reseller.
Do you calculate sales tax?
And then also out out your profit, how much do you set aside for taxes?
👍 I would’ve totally bought those north face pants. Learned my lesson 🤣 I used to check comps when I first started. Guess I got too arrogant
Thank you much this video was very helpful 🥰❤️👍
Thank you for the great and valuable info!!
Again, very helpful as your other videos! TY!
Do you have a video on how you do your book keeping? I'm learning but I thought maybe you could do a vid on key tips on what is most important with keeping track of income and business spending.🙌🏻💜🙏🏻
Hi! I am a fairly new reseller, only about a year in, so there’s always a possibility that I’m reading some thing wrong and I really don’t want to put my foot in my mouth, so please tell me if I’m wrong on this… One thing that I always check along with my Solds, when checking comps (which I did learn from you, by the way😘) is to check how long ago the items were sold. I do this by checking when the item was last updated, which could be misleading at times, but is usually pretty accurate since the last time it would be updated would be the day that it sold, correct? By checking this I can tell if the interest in the item was flourishing at one time but died weeks or even months ago… and if it’s a seasonal item, I might just need to hold onto it a little while before listing…Am I wrong in my thinking on this? I would love any feedback! Love your stuff and thanks for all your hard work!
Following.
I'm also new and do the same thing. I wish there was a sort option for recently updated. On Reddit I was told to sort by "just in" to see the most recently sold. But that doesn't make sense to me since you wouldn't see items that had been been listed months prior to the ones recently listed.
I love you Mogi! Hey is that really your name or just RUclips? Either way...I love you! Definitely my fave PM guru! Thanks for being clear, thorough and friendly!
Thank you so much for this. Great video! I needed this..
Your videos are soooo helpful. Thanks!!
Helpful video. I was just windering what do you do with items that you cant find on google lens to find comps?
This was very helpful. Thanks!
Excellent educational video.
Great as always! Thank you!
Thanks
Please give us some buyer's tips for POV 🙏🏼🌍❤️
This was amazing!
Yes please do a Wichita thrifting video. I don’t have any luck here. Would love to see if you do.
Love your videos!
Love your work!
Great video thank you
Thank you this was helpful. 🙂👍
helpful video but not when in a thrift store sourcing. Takes too much time when shopping
Good research tips. Are you actually standing in store while you do the comp research? It seems like it could be cumbersome or awkward if store was busy. Any tips?
Omg thanks for this video!
Yes let's do a thrift with me in Kansas!
Thank you so much! question, do you do all this at the goodwill outlet too? I feel that I wont have the time to do this there,, I do it when I go to regular goodwill but the bins is usually kinda crazy here in Utah
Where do you go to find available comps and sold items. I thought you would show this. I can't find it on the app.
Those goodwills are so cheap!!!!
My goddess how lucky 😂
Oops got distracted by the prices and forgot to say
THANKS FOR THE AMAZING TIPS!!!!
Do you find that checking comps in the dressing room provides more privacy from others seeing what you are doing, or was this a one time thing for filming? Could you also provide the formula you use when doing the math? I don't think I quite understood the dividing by 30. Thank you! Awesome and informative video as always 🤗
Profit margin = profit/revenue.
The 30 was the projected sales price or projected revenue.
@@MogiBeth Thank you!
I'm having a hard time doing this! I often shop thread up and you have so limited description and pictures! How do I navigate that?
I have a video on that as well! ruclips.net/video/84aSsGQ8snE/видео.html
🙏
Are you assuming all solids prices are what they actually sold for? Or are they the listing price?
When checking comps, how can I tell when the item was sold? I don’t see any dates. Am I missing anything? Thanks!
I dont think you can but you can look to see if there were any comments/questions on it, since those are dated. Also, mogi beth did a really great video about a month ago with some pro tips and 1 was how you can look up the image to seewhen it was posted, altho that won't necessarily tell youwhen it sold, justwhen the orginal photo was taken
@@carmena7976 Yes, I saw that video too! Great idea about looking for dated comments! Thanks!
Looks like the comments are only dated with month and day. I was hoping to see the year any items were sold fir comps.
@@bidergilette5356 ya, I'm not sure how else to tell. But that's a great question. If I learn the answer I'll come back here let ya know. 🙂
@@carmena7976 Thanks Carmen! 😊
I thought she discover new plant. so comps mean compair... I thought she discovered a new plant.