Kevin, this is to all resellers: don't let anyone tell you 50K is not possible part time at 20 hrs. a week. I have been doing it for 25 years! I have no RUclips or social media presence (not even Fakebook). My incomes have ranged as high as 100K and as low as 25K . I started it with a $20 investment on a whim when the plant I was working at cut our overtime and degraded our pay grades. The key is to use eBay like a bank. Make the money when you need it. Don't burn yourself out by listing like a robot. Push yourself into the higher end market with your knowledge, as you go along and lastly, DON'T be afraid to make mistakes. Anybody can do this! PS You are one of the few RUclipsrs I watch nowadays, keep on keeping it real!
My go 2 tape. I spent Mondays 4-6 hours at thrift stores. Friday's 4-6 hours at garage sales. Tuesday- Thursday 4-6 hours listing and shipping. About 75k last year.
Hello Kevin, I think that it’s doable for many but not for all because some are slower at listing and picking and packing ect. With experience it all gets easier and faster. Where I might have to look sometimes up to know the value, you may have sold it 10 times in the past. I know that I can’t do it yet, but I am getting faster at all of it especially the packaging and shipping. 😀 But I have only been doing this for 11 months.
You can absolutely make 50K a year working less then 20 hours a week. Starting from scratch it would be hard but once you have a good size store, you keep your ASP high and you know how to source. I have done it and will most likely hit that again this year. I have a fulltime job and three kids with all sorts of school activities, and I have to get family time in there. I do a a few hours on Saturday, I might hit an estate sale on my lunch hour once or twice a week and one night a week I stop at a thrift store on my way home from work. I list and pack at night after the kids go to bed while I watch TV. I would be surprised if I even hit 20 hours a week. My secret is working my sourcing into my life. This weekend I was running from one obligation to another and passed a garage sale. I stopped in at 11am and asked for what I usually look for then picked up a concert shirt for $20 that will sell for at least $125-150. That stop took me less then 5 minutes.
The wife and I will make 30-40k this year without even trying. You’re exactly right about the way you source. I used to go out almost everyday and buy almost everything that made a bit of money. Now I only buy higher price items. So more money for less time invested.
Well said! I think this is more or less the natural progression of a lot of resellers. Maybe start with a few items around the house, then when you "catch the bug" you source anything and everything. Then you take note of what does and doesn't sell, how long it takes to sell, and how much effort goes into cleaning, shipping, and sometimes repairing an item. After a few less than stellar experiences with certain items and over the moon, great experiences with others, resellers hone in on the best "bang for the buck" sourcing wise.
In 2021, my last year as a part time reseller I netted $50,659.52 / $4796.67 out of my booth and netted $45,863.15 on EBAY( that I saved as a cushion for when I retired in 2022). It is very doable, organization and having a routine are some of the skills that are needed.
@@kcblues2sherwood652 Disney, Star Wars, records,CDs DVDs, superheroes (DC,Marvel &TMNT), wall art, Cartoon items and an area that rotates monthly , sports, Halloween, Christmas had a large collection of Campbell soup items at one point.
I can say with first hand that I will make over 50k net profit this year working part time approx 20hrs/wk or less. It is absolutely possible. There are sellers doing 4x that and more part time.
You make a very good argument for your personal 20hrs and 50k profits. I'm confused because it seems that your family members spend time every week with your reselling business. If their time and effort contribute to your sales, wouldn't the hours per week far exceed 20 hours? Your family's involvement enables you to achieve 50k with only 20 hours per week of your time.
I have a full time Accounting Manager job and do ebay on the side at about 20 hours a week and had about 200k in sales last year. Roughly half sports cards at 20% margin and yard sale/thrift items at more than 50% margins. I might average a little more than 20 hours per week but definitely not full-time.
The key absolutely is sourcing and niching into a category to become an expert. I source 100% online and sell 100% on eBay. List 5 per day sell 5 per day. $100 asp $30 net profit avg. Do the math
I love when people with no experience on the subject give their expert opinions. Pure comedy gold. 15 years ago, I had a seasonal Halloween store on ebay. I made $35,000 net in the months of Sept and Oct selling costumes/accessories for Halloween. I worked less than 20 hours a week during that time period. Now, I went to trade shows a couple of times during the year to source items, but this was my fun on-the-side job, I still had my full time job. It's 100% doable if you have the drive and do your homework. It's not for everyone, but it's definitely possible to make good money on ebay part time. Just my two cents...from someone who actually has experience in the subject ;)
@@ELDORADO-of9jn yup, that was when I wasn't as busy in my full time job.. still selling on ebay, I just only have a few hours a month to spend so I'm only clearing about 10k a year. Still doable if you know what you're doing.
Comments like this show the actual lack of knowledge you share on the subject. You share this with many others including the HONEY COMB making the videos. -When you are back cleaning the sweat out of returned Halloween Costumes, I am sure something will dawn on you. -Best of luck and I have no doubt your future is bright!! #comedygold
Like you, I am free to share my experiences.. oh wait.. you're not sharing anything productive just calling other people liars. You don't know anything about me or my reselling journey. I've been reselling part time for 25 years because it's fun and I've made more than the aforementioned amount on less than 20 hours a week. You may not be as efficient or productive and it's great if you want to share your story. But implying that your experience is the only possible outcome and that there's no way someone else could accomplish what you obviously could not, is quite a narcissistic. And yes, my future is bright because I have a positive outlook and enjoy the successes of others. @@solidwraith1912
I think it's definitely doable, but it takes time to get there. I estimate that if I have 700 listings, I'll make $20k. That is with the type of stuff I pick and list. As I get better at picking, the number of listings needed will go down. I started in December and I'm having a lot of fun building this business. Not making much this first year though - maybe $7k before shipping supplies and mileage.
I probably do 20 hours per week but I get distracted. I have not found or figured out what my niche is and certainly have not sourced on a regular basis. There you have it. I agree with you. Sourcing is a big part of it. Thanks for all you put our there for people like me who want to do this right. BTW - love the pets, kids, family. You keep this interesting and we are learning a lot.
Find things you enjoy listing and you will be happy, I despise listing clothing so I do not source clothing, however when I am at an auction and can purchase the whole closet for $5 I will lol then I just pick and choose what I take
It’s definitely doable and I’m shocked that someone would call you a liar after doing this for 22 yrs- and you were a teacher to boot! Love the family, fur babies etc. Stay Positive and all of your families Safe! #MyGo2Tape Kelly from Ocala, Fl BTW YOU GUYS ROCK❤💜🤗🇺🇸🐞♥️🙏Hugs to wife and kiddos
Absolutely love the changes of colors with the leaves-Your endings always Rock to by the way. Your poor wife looked exhausted and sounded sick to boot❤
Hey Kevin, my wife and I do it part time anywhere from 10 to 20 hours a week and we do just about that, and if I remember we did about 65,000 last year alone witch was absolutely amazing. We love your content. Keep up the good work. God bless you and your family.
Ok, I work about 24 hour per week ( reselling ), 1 hour thrifting 6 x week ( I only thrift ), the rest cleaning, taking pictures and listing and packing, this year my total sales will pass the $120k, my average cost of goods is $20 and my average sell price is $127. I sell everything ( mainly electronics but I sell everything ). Taking cost if goods, Ebay fees and taxes I can tell between $50 and $60k are profit.
The old saying is you make your money when you buy. I haven't personally made that much profit for several years now because I had to dedicate myself to moving is from California to my Kansas hometown a couple years ago, and now I make more money for my dad selling his collectibles than I make for my own bank account, and I have too many competing demands on my time. But! I think a naysayer like that is just someone who's bitter that they have not been able to turn a good profit. I'd love to look at what things THEY sell and their feedbacks. Dude! I once found a 1951 Coleman gasoline lantern new in its original box, never assembled, for $20 at a Goodwill in Southern California. It was engraved Sacramento OCD (Office of Civil Defense). Two bidders ran it up to $488. One asked me about pits or cracks in the finish, and he knew exactly where to look, because I had not seen them. Ya don't find those every day though!
I focus mainly on one particular niche - high end watches but I make $25-40k per month on eBay working well under 20hrs a week. Knowledge is power in reselling - know more than other buyers and sellers and you’ll have the edge you need. My 11 year old makes $20-30k during yard sale season buying and selling the stuff he loves and understands. He does have cheap labor with me though 😂
I have been a full-time reseller for 28 years. However, when my best friend had cancer, I went and stayed with her and took care of her for a year until she passed away. I was barely able to work 10 hours a week and I was selling $49,000 every 90 days. That was freaking more than I usually made full time LOL. So yes, it can be done and yes, it is all about the sourcing.
I just retired. I did eBay part time for many years part time and made between 40-45k a year net easy. I thought once I retired I would be doing a lot more, but I have been enjoying my time and neglecting ebay, so sales aren't as strong. I will still clear 40k this year with much less than 20 hours a week.
We're doing this as a fun hobby until I retire from my "good" job. Last year was just shy of 25k and this year will probably be 20% more than last year. I'm not really putting in the effort to pull 50k net. Not yet. I'm not putting in 20 real hours of work a week. We're learning and building and having fun.
After fees and shipping I'm at 19k with about 4K invested in inventory and supplies this is my seventh month and I do it extra extra part time like maybe 10 hours a week 205 listed 206 sold with round 2000 items in my garage basement and my clothing room that need to be listed if I was dedicated I could easily make 50/60 k. I work part-time and raise two boys by myself sometimes I'm just mentally exhausted so I don't list as much because I do not want to make crap listings I want them all to be quality in photos description Etc.
Im at 48K and its still 2 months left in the year and I have a full time job working from 6 to 6 . Six days a week. I don,t work 20 hours a week on ebay.
I can see that it may be possible to make 50K a year part-time if you live in the United States. The shipping in Canada costs 3X more, and eBay fees are based on a percentage of sales + shipping.
I've made over 50k a year last 3 years in a row. probably less than 20 hrs a week and almost only go to 3 thrift stores and 2 flea markets. once you build your store up. runs pretty smooth knock on wood. so far so good.
In 2022 I sold $36,500 net on Ebay working about 20 hours a week. Were I a 36% better picker I would have hit the 50K mark. This year to date I am up 13% over last year. 50K is not a goal of mine, but totally achievable. Nevertheless, at 36K I am earning almost as much selling as my teacher retirement check. Boom!
50K net with 20 hours a week..it can be done.. ive got into a niche and built my business around it. 90% of my sales are items i buy wholesale, from reliable online sources.. i sell 500-600 items a month. im at 10K Gross sales as of now per month.
Being recently retired, I take what I can get. It’s not the money per se it is the thrill of the hunt and the sound of the Cha Ching when I sell it! My go 2 Tape
I work more than 20 hours a week because I do this full time, however I was on Vacation from October 6-October 20 and my net profit while on vacation was 9,052! So that is lower than my "Normal" sales but I am very happy with that number since I was on Vacation and put maybe 2 hours a week into my business :-).
🪙 Great information A second year "average" 20 hour seller for sure this 50k goal could be reached. Maybe give a year to get technique mastered. Hoping your family is healing. Your voice was a bit rough in the beginning of the video. Stay healthy friend.🤟🏼
I'd say possible, but not for everyone. If you don't have major physical disabilities and limited sourcing. Tag sales where I live only really are useful for sourcing maybe three months/year. Or used to be - I had maybe four good weekends between May and September. Covid killed off the best charity thrifts and rummage sales in my area, never to return. Private picks are required if you want to make a decent living here. With good sources of decent-value items with a good sell-through, you can do it. As long as eBay doesn't throttle you or start taking things down thanks to the hidden VERO list. Etsy does similar things, and we won't even discuss Amazon. I think I maxed out at about $20,000 in my best year.
Another thing to note: it takes close to $60,000 net per person in my area just to live here and pay your bills. One big reason why most semi-pro resellers live elsewhere.
@commonwealthflipper your absolutely right I’ve been selling “garbage” I work at an autobody shop and any and all expensive automotive lights,grilles etc that we change out. I keep fix (expertly) and sell on eBay all day long. So my sourcing is a very little bit of time on the repair and list, and sit back and wait. As far as shipping I keep the new parts box and stuffing and ship it out with that. I’ve recently gotten into garage,thrift and estate sales so my sales are WAY up. Thank you for the inspiration..
It’s possible if your selling the right stuff . I was doing junk removal and eBay I think my best year was 57k gross in 2020 just for eBay but that was essentially full time because of covid at that point before that 40-48k gross just eBay with 20ish hours a week.
I've done over that with 10-20 hours a week, largely because I bulk source and do quantity listings so I list once, sell over and over. Most of my time is in shipping. I will fall short of it this year (barring a GREAT Q4), but I moved cross country and was off line for most of the first quarter I had a kid and reduced my hours to 5-10. Next year, I expect to be well above that with a full year to sell and more time to put into it again.
If you've been to 5 different rallies for resellers and your family has been on 2 vacations the proof is in the pudding. Thank you Kevin for giving us your time and information. #Mygototape
I wish o could figure our how to make $50k a year reselling. I am workong a full time job, a part time job, and reselling on the side and dont bring home enough to cover everything.
50k in 20 hrs a week is totally achievable, I guess the only thing I would say is how do u account for time, packing orders, picking etc. I tell my girlfriend all the time that I have been slacking, and she’s always responds with how much I’ve been picking, and going on private buys. Some weeks I list very little but can drive around buying collections, and grouped together I’ve spent 20 hrs in a week just on sourcing and picking and packing orders. Not even any listing.
You have to be dedicated, work efficiently, stay on track and believe in yourself. I do work daily but at a slower pace and my sales are steady...happy with my results. Love your videos, learn alot !!
Just like you said...I run two businesses, one of which is my eBay business. I'd say it is about 20 hours a week. Sometimes more in the winter since it's more difficult to source, but that's a good average. You aren't a liar, or I'm one too! $50K net is definitely doable if you are all of the things you stated...consistent being the most important. The hours may be slightly deceiving, though, because it is a LOT of work. Rewarding, yes, and if you like the work it's a great way to make money. However, make no mistake, it is hard work.
I work about 15 to 18 hours a week doing reselling part time and I make before taxes about 80k. I also have a full time job 40 hours a week and that only pays about 60k because I’m a screw up lol. I messed my life all up got into a lot of trouble as a kid.
I've been reselling for about 2 years now. I could easily see someone building up to 20 hrs a week for 50k net sales. I'm not doing that but I am not 100% committed to it (I work a full time "normal" job too"). The only caveat that I would add to it is that there is some start-up time and money to get to the point where you START to make that much. If I added up all the time and money spent to get to this point I would have made more if I would have picked up a part time job for 2 years BUT I would have HATED my life for the last two years working for somebody else at 60 hours a week to make them more money that I got. I loved doing this for the last couple of years and all the money I made was for ME. I would suggest to people to start VERY slow. Get a very small store going that doesnt make much just to see what life will look like for you if you decide to commit to it. I think it is worth it but I like the reseller life. Just my humble opinions. Godspeed.
July through Sept was awesome! Oct was slower :( If I always had July-Sept I'd have over 40K and I don't know how much I work. I'd like to work a little less but I don't actually track. And I'm not quite 18 months back into this. My only purposefully under $10 are Disney stickers. My Avg. sales price per item for the year is $40. Best ROI so far this year are books. I put some purses in the flat rate padded just bubble wrap more of those little extra pieces so they don't rub the bag or each other.
Another great video! I think you're on a roll selling the Peanuts Gang clings! I got mine and can't wait to put them up at Thanksgiving. Gonna get max time out of them! Thanks Kevin and fam!! Such great content and educational value!! So enjoy ALL the content you put out.
I can't speak for everyone but this is my 2nd year reselling. Last year I didn't do a good job tracking. I would say I spend 10 hours or less a week sourcing, packing, etc. After taking out all expenses up to this point I have a net profit of over $10k. There is way more that goes into this than people think (including myself) but I absolutely love it. I think I'll be at around $15k profit for the year. Just think if I could devote more time to this. I think the $50k mark is attainable, but as you mentioned it's a lot of work.
You have to NET $961 per week. That’s after C.O.G , shipping supplies, shipping cost, gas, EBay fees, cleaning supplies, and whatever else I forgot….doable. It’s the 20 hours per week I’m questioning. You really need to source higher dollar items quickly and cheap.( but that’s what you said) It’s not like you can’t do it. Very good question.
3-4 hours a week sourcing (and that’s fun imo) 30-60 minutes 5 times a week packing (we’ll say 4 hours) 4-5 hours a week listing So 14 hours a week and we’re making $35k year net
I work well over 40 hours a week at reselling but this is my first year and I’m trying to build my business and there are MANY kinks to work out. I don’t think I’m currently on point to net 50K this year but we will see. There are many learning curves in this business but my goal is to net 75K in 2024.
One day, it’s one of my goals, $50K 😊😊 I would love to quit my job and focus 100% on reselling but the numbers do not look like they are quite there yet 😂. I don’t think it’s impossible though. It does take commitment ❤. Have a great day!!! My Go 2 Tape
I source on Monday’s ($1.00 day at thrift store) for maybe an hour. Then I buy at regular stores for sale items an hour or 2 a couple of time a month. My business has just started making money, within the past 2 months. I don’t like garage sales. I make about $1500.00 a month. Only 2 years to get to this point. Someday I’ll make more but I work alone and don’t have help. On average I have 4 sales a day, everyday. I’m comfortable. IF I sold $50,000 a month I’d probably go crazy. 😂 It takes time and patience. Enjoy the ride.
We easily make $20k or more a year just as a hobby/side gig....if we put in 20 hrs a week 50k wouldn't be difficult....we both work full time jobs so reseller is an "extra" thing because we enjoy it 😁
My boyfriend and I started our eBay selling couple months ago and it’s going pretty good actually. He still has his full time job and I stay home posting and shipping every day. He gets home and still helps me out as well. We have fun doing it and honestly I just think it’s a great business doing. Thanks for the video! Great content like always❤ #mygototape
I remember why I unsubscribed from this channel last year, -I got sick of fast-forwarding to the part of the video which the title alludes to. Sooooo annoying
It's probably a gut response from someone who doesn't understand value beyond their own thought process. Too many people only value what they value. So anyone making money from things they don't value is impossible in their mind.
I do part time and i dont make 50K net profit, but it is possible. it just takes a lot of work. I dont know if its 20 hours a week. but close to it. it all depends how you source. it all comes down to your sourcing. But it is possible. i dont have you tube or anything. but as long as you have a garage and good sourcing, after a year its completely possible. That said, i dont think EVERYONE can do it, we all have different skill and abilities and desires, that plays a big part and its ok if you dont. we dont all have to be re-sellers.
Up here in the far northeast, sourcing has become very difficult. I used to spend about 5-12 hours a week sourcing, now I find my self spending 20+ a week and not getting enough good quality stuff. Not for all you guys helping with tips n such I’m still at it making a decent profit. My go 2 tape!
I know I can definitely make more than I am. But between my situation and disabilities, I have gotten in my own way. I just need to rethink how I am going some parts of the process. Due to the situation and a lot of good friends, I have a lot high and mid end stuff. But, I can't navigate the place. I didn't want to, but I am looking for help here in Louisville to get my stuff moved into a storage unit so I can organize and set up dedicated areas for photos, packing and everything. I'll never be successful by moving 60 to 70 lb totes to get things shipped every day with collapsed disks and bad knees.
You absolutely can make 50k and more I do and I don’t have social media. This year I will make less than usual I will make a little over 50k but I’ve been on Maui since June 21st helping my daughter out with my new grandson. My sister ships my items from New York when ever I make a sale I also source once a week here on Maui and post once a week. It’s absolutely possible. I also went to Japan for 2 weeks with my older grandson and I paid for it. I’m a younger grandma I was in my mid 40s when my first grandson was born🥰
This is all great if someone only needs part time income. Hard to live on $50,000 these days. So, if someone else makes money in the house, that is good. Otherwise, have to work many more hours to make more $ to live these days with rent, insurance, food, car payment, medical needs and these are just the basics of needs. And, this doesn’t include any “wants”, like a movie or snacks… let alone a vacation!!
I could not make that much per year only devoting 20 hours a week without help from others. I am full time (and I get no help from anyone else) and would estimate it takes me 40 hours a week to make $50K profit per year and I consider myself a pretty good reseller.
the biggest hurdle I find for most resellers who believe you can't do this full time, is lack of knowledge. They go after video games, pokemon, mtg, and that's about it. Their focus is primarily on the low hanging fruit, which usually gets gobbled up the first hour of the day. The real money is in everything else they leave behind. I thank them for that.
I’d say absolutely possible but improbable for most.. especially in your first few years doing it. You will need to gain both knowledge, sources, and capital to achieve numbers like that.. someone who is starting this business with $1,000 in capital is not going to be netting 50k profit anytime soon. If you need to sell items to be able to buy new items you are not at the scale to hit those numbers. Once you find inventory sources that can be repeatedly sourced from for profit it gets a lot easier.. it’s a lot of work to find those.
I’m only a part timer and spend maybe 2-3 hours a week buying and 3 hours a week listing, and my 90 day average is around $6000 on eBay alone. So if I spent more time with my eBay store, I could easily see making 50K a year @ 20 hours a week. Haters are always going to hate and the envious ones will always give negative comments.
Ive been reselling for about a year now. I source once a week and sometimes i dont even do that. I have made over 13k and im not working on my store every week. 50k is very doable because i plan on hitting it next year! #MyGo2Tape!
I am a sahm and so far this year I have a little over 30k in sales. I try to list something every day but I don’t spend much time on it. I live in the middle of nowhere so no a lot of options for sourcing but I do garage sales and when garage sales are over. I’ll go to the bins once a week which is 3 hours away. It is VERY possible
See thing is most unexprienced dont understand gross and net and if your telling the irs your selling at a loss that means you are truly not makimg any net profit because you pay self employment tax 15.3% on that net.but if your telling the irs your operating at a loss because of your expenses then your net is 0 or negative you arent making any money come jan 2024 when the majority of resllers have to pay self employment tax it will really.open there eyes as to.if they are actually makimg a profit (i.e. netting anything) or are they in the negative/selling at a loss and netting nothing
This will be my first year reselling the past 6 months have really ramped up for me excited to see what next year holds. I can see crossing that 50k mark doing this part time
I think you can do it, IF YOU GET YOUR SOURCING RIGHT. You also aren't going to get there overnight. It would take a lot more work early on to get to the point where the sourcing is easier.
I think 50K is possible, I average 3k a month with an average of 250 active listings. I source bin stores about 4-5 hours a week and another 5-6 hours listing, shipping etc. This is all on top of my normal 9-5 job. I know it wouldn’t be hard to double or triple those numbers with more effort.
I know I could make far more than $50,000 net in a year, but I do everything entirely by myself. I am also retired and have to stay under the amount the feds say I can earn. Can you believe that. If I make over about $20,000 net they start taking away my Social Security. At that point I would be making very little money. For every two dollars I net over that amount the feds take away one dollar from my Social Security. It isn't worth working at that point. The retired folks on Social Security are the only people that the feds actually limit earning potential.
I, for one, know your metrics are accurate. I resell part time (I'm retired) and am constantly amazed by how much money comes in on my sales. 50 k is definitely doable in 20 hrs. a week. I source more than you only because I love it!
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Kevin, this is to all resellers: don't let anyone tell you 50K is not possible part time at 20 hrs. a week. I have been doing it for 25 years! I have no RUclips or social media presence (not even Fakebook). My incomes have ranged as high as 100K and as low as 25K . I started it with a $20 investment on a whim when the plant I was working at cut our overtime and degraded our pay grades. The key is to use eBay like a bank. Make the money when you need it. Don't burn yourself out by listing like a robot. Push yourself into the higher end market with your knowledge, as you go along and lastly, DON'T be afraid to make mistakes. Anybody can do this! PS You are one of the few RUclipsrs I watch nowadays, keep on keeping it real!
My go 2 tape. I spent Mondays 4-6 hours at thrift stores. Friday's 4-6 hours at garage sales. Tuesday- Thursday 4-6 hours listing and shipping. About 75k last year.
Hello Kevin, I think that it’s doable for many but not for all because some are slower at listing and picking and packing ect. With experience it all gets easier and faster. Where I might have to look sometimes up to know the value, you may have sold it 10 times in the past. I know that I can’t do it yet, but I am getting faster at all of it especially the packaging and shipping. 😀 But I have only been doing this for 11 months.
You are a sweet man...I would never call you a Liar..you are good at what you do.....be well..stay the course....
You can absolutely make 50K a year working less then 20 hours a week. Starting from scratch it would be hard but once you have a good size store, you keep your ASP high and you know how to source. I have done it and will most likely hit that again this year. I have a fulltime job and three kids with all sorts of school activities, and I have to get family time in there. I do a a few hours on Saturday, I might hit an estate sale on my lunch hour once or twice a week and one night a week I stop at a thrift store on my way home from work. I list and pack at night after the kids go to bed while I watch TV. I would be surprised if I even hit 20 hours a week. My secret is working my sourcing into my life. This weekend I was running from one obligation to another and passed a garage sale. I stopped in at 11am and asked for what I usually look for then picked up a concert shirt for $20 that will sell for at least $125-150. That stop took me less then 5 minutes.
The wife and I will make 30-40k this year without even trying. You’re exactly right about the way you source. I used to go out almost everyday and buy almost everything that made a bit of money. Now I only buy higher price items. So more money for less time invested.
Well said! I think this is more or less the natural progression of a lot of resellers. Maybe start with a few items around the house, then when you "catch the bug" you source anything and everything. Then you take note of what does and doesn't sell, how long it takes to sell, and how much effort goes into cleaning, shipping, and sometimes repairing an item. After a few less than stellar experiences with certain items and over the moon, great experiences with others, resellers hone in on the best "bang for the buck" sourcing wise.
Did 79k in sales last year on ebay prob less than 20hrs per week. Profit was around 46k
In 2021, my last year as a part time reseller I netted $50,659.52 / $4796.67 out of my booth and netted $45,863.15 on EBAY( that I saved as a cushion for when I retired in 2022). It is very doable, organization and having a routine are some of the skills that are needed.
Which product(s) or product category? Profit margin? Thanks Larry
WOW! Where did U have a booth to generate that much and what did U sell?
@@kcblues2sherwood652 Disney, Star Wars, records,CDs DVDs, superheroes (DC,Marvel &TMNT), wall art, Cartoon items and an area that rotates monthly , sports, Halloween, Christmas had a large collection of Campbell soup items at one point.
I can say with first hand that I will make over 50k net profit this year working part time approx 20hrs/wk or less. It is absolutely possible. There are sellers doing 4x that and more part time.
You make a very good argument for your personal 20hrs and 50k profits.
I'm confused because it seems that your family members spend time every week with your reselling business. If their time and effort contribute to your sales, wouldn't the hours per week far exceed 20 hours?
Your family's involvement enables you to achieve 50k with only 20 hours per week of your time.
this
You are Right!!! I know a guy that made maybe more than 50k, bought a home and is doing really good!!!! And that was his first year!!😊
I have a full time Accounting Manager job and do ebay on the side at about 20 hours a week and had about 200k in sales last year. Roughly half sports cards at 20% margin and yard sale/thrift items at more than 50% margins. I might average a little more than 20 hours per week but definitely not full-time.
The key absolutely is sourcing and niching into a category to become an expert. I source 100% online and sell 100% on eBay. List 5 per day sell 5 per day. $100 asp $30 net profit avg. Do the math
It's not easy but if you love it, it can be done. Agree with you Kevin!!
Even if you are just average at everything that it takes to resale on eBay, putting 20 hours a week into it should net $50,000 a year at minimum.
I love when people with no experience on the subject give their expert opinions. Pure comedy gold. 15 years ago, I had a seasonal Halloween store on ebay. I made $35,000 net in the months of Sept and Oct selling costumes/accessories for Halloween. I worked less than 20 hours a week during that time period. Now, I went to trade shows a couple of times during the year to source items, but this was my fun on-the-side job, I still had my full time job. It's 100% doable if you have the drive and do your homework. It's not for everyone, but it's definitely possible to make good money on ebay part time. Just my two cents...from someone who actually has experience in the subject ;)
Yes 15 years ago lol
@@ELDORADO-of9jn yup, that was when I wasn't as busy in my full time job.. still selling on ebay, I just only have a few hours a month to spend so I'm only clearing about 10k a year. Still doable if you know what you're doing.
@@shalyndria yes those numbers sound right
Comments like this show the actual lack of knowledge you share on the subject. You share this with many others including the HONEY COMB making the videos.
-When you are back cleaning the sweat out of returned Halloween Costumes, I am sure something will dawn on you.
-Best of luck and I have no doubt your future is bright!!
#comedygold
Like you, I am free to share my experiences.. oh wait.. you're not sharing anything productive just calling other people liars. You don't know anything about me or my reselling journey. I've been reselling part time for 25 years because it's fun and I've made more than the aforementioned amount on less than 20 hours a week. You may not be as efficient or productive and it's great if you want to share your story. But implying that your experience is the only possible outcome and that there's no way someone else could accomplish what you obviously could not, is quite a narcissistic. And yes, my future is bright because I have a positive outlook and enjoy the successes of others. @@solidwraith1912
I think it's definitely doable, but it takes time to get there. I estimate that if I have 700 listings, I'll make $20k. That is with the type of stuff I pick and list. As I get better at picking, the number of listings needed will go down. I started in December and I'm having a lot of fun building this business. Not making much this first year though - maybe $7k before shipping supplies and mileage.
I probably do 20 hours per week but I get distracted. I have not found or figured out what my niche is and certainly have not sourced on a regular basis. There you have it. I agree with you. Sourcing is a big part of it. Thanks for all you put our there for people like me who want to do this right. BTW - love the pets, kids, family. You keep this interesting and we are learning a lot.
Find things you enjoy listing and you will be happy, I despise listing clothing so I do not source clothing, however when I am at an auction and can purchase the whole closet for $5 I will lol then I just pick and choose what I take
Knowing what to source
It’s definitely doable and I’m shocked that someone would call you a liar after doing this for 22 yrs- and you were a teacher to boot! Love the family, fur babies etc. Stay Positive and all of your families Safe! #MyGo2Tape Kelly from Ocala, Fl BTW YOU GUYS ROCK❤💜🤗🇺🇸🐞♥️🙏Hugs to wife and kiddos
Absolutely love the changes of colors with the leaves-Your endings always Rock to by the way. Your poor wife looked exhausted and sounded sick to boot❤
Hey Kevin, my wife and I do it part time anywhere from 10 to 20 hours a week and we do just about that, and if I remember we did about 65,000 last year alone witch was absolutely amazing. We love your content. Keep up the good work. God bless you and your family.
That is awesome!
I'm doing maybe 5-10hrs a week and I'm on route to make 25-30k depending on q4
Ok, I work about 24 hour per week ( reselling ), 1 hour thrifting 6 x week ( I only thrift ), the rest cleaning, taking pictures and listing and packing, this year my total sales will pass the $120k, my average cost of goods is $20 and my average sell price is $127. I sell everything ( mainly electronics but I sell everything ). Taking cost if goods, Ebay fees and taxes I can tell between $50 and $60k are profit.
The old saying is you make your money when you buy. I haven't personally made that much profit for several years now because I had to dedicate myself to moving is from California to my Kansas hometown a couple years ago, and now I make more money for my dad selling his collectibles than I make for my own bank account, and I have too many competing demands on my time.
But! I think a naysayer like that is just someone who's bitter that they have not been able to turn a good profit. I'd love to look at what things THEY sell and their feedbacks.
Dude! I once found a 1951 Coleman gasoline lantern new in its original box, never assembled, for $20 at a Goodwill in Southern California. It was engraved Sacramento OCD (Office of Civil Defense). Two bidders ran it up to $488. One asked me about pits or cracks in the finish, and he knew exactly where to look, because I had not seen them. Ya don't find those every day though!
I focus mainly on one particular niche - high end watches but I make $25-40k per month on eBay working well under 20hrs a week. Knowledge is power in reselling - know more than other buyers and sellers and you’ll have the edge you need.
My 11 year old makes $20-30k during yard sale season buying and selling the stuff he loves and understands. He does have cheap labor with me though 😂
I have been a full-time reseller for 28 years. However, when my best friend had cancer, I went and stayed with her and took care of her for a year until she passed away. I was barely able to work 10 hours a week and I was selling $49,000 every 90 days. That was freaking more than I usually made full time LOL. So yes, it can be done and yes, it is all about the sourcing.
I just retired. I did eBay part time for many years part time and made between 40-45k a year net easy. I thought once I retired I would be doing a lot more, but I have been enjoying my time and neglecting ebay, so sales aren't as strong. I will still clear 40k this year with much less than 20 hours a week.
We're doing this as a fun hobby until I retire from my "good" job. Last year was just shy of 25k and this year will probably be 20% more than last year. I'm not really putting in the effort to pull 50k net. Not yet. I'm not putting in 20 real hours of work a week. We're learning and building and having fun.
I’m 70 years old and work between 20 and 25 hours per week and make about $60K a year net profit reselling men clothing
After fees and shipping I'm at 19k with about 4K invested in inventory and supplies this is my seventh month and I do it extra extra part time like maybe 10 hours a week 205 listed 206 sold with round 2000 items in my garage basement and my clothing room that need to be listed if I was dedicated I could easily make 50/60 k. I work part-time and raise two boys by myself sometimes I'm just mentally exhausted so I don't list as much because I do not want to make crap listings I want them all to be quality in photos description Etc.
Im at 48K and its still 2 months left in the year and I have a full time job working from 6 to 6 . Six days a week. I don,t work 20 hours a week on ebay.
I can see that it may be possible to make 50K a year part-time if you live in the United States. The shipping in Canada costs 3X more, and eBay fees are based on a percentage of sales + shipping.
I've made over 50k a year last 3 years in a row. probably less than 20 hrs a week and almost only go to 3 thrift stores and 2 flea markets. once you build your store up. runs pretty smooth knock on wood. so far so good.
In 2022 I sold $36,500 net on Ebay working about 20 hours a week. Were I a 36% better picker I would have hit the 50K mark. This year to date I am up 13% over last year. 50K is not a goal of mine, but totally achievable. Nevertheless, at 36K I am earning almost as much selling as my teacher retirement check. Boom!
My go to tape for starting to resell again. Wish me luck. As always love the family!😊
50K net with 20 hours a week..it can be done.. ive got into a niche and built my business around it. 90% of my sales are items i buy wholesale, from reliable online sources.. i sell 500-600 items a month. im at 10K Gross sales as of now per month.
Being recently retired, I take what I can get. It’s not the money per se it is the thrill of the hunt and the sound of the Cha Ching when I sell it! My go 2 Tape
I work more than 20 hours a week because I do this full time, however I was on Vacation from October 6-October 20 and my net profit while on vacation was 9,052! So that is lower than my "Normal" sales but I am very happy with that number since I was on Vacation and put maybe 2 hours a week into my business :-).
Good for you! Better to be your own boss and definitely a better office space!😁
I'd love to get them numbers
What kind of items are you selling?
🪙 Great information A second year "average" 20 hour seller for sure this 50k goal could be reached. Maybe give a year to get technique mastered. Hoping your family is healing. Your voice was a bit rough in the beginning of the video. Stay healthy friend.🤟🏼
Awesome! Would you mind sharing how you source and what you sell high level?
I'd say possible, but not for everyone. If you don't have major physical disabilities and limited sourcing. Tag sales where I live only really are useful for sourcing maybe three months/year. Or used to be - I had maybe four good weekends between May and September. Covid killed off the best charity thrifts and rummage sales in my area, never to return. Private picks are required if you want to make a decent living here. With good sources of decent-value items with a good sell-through, you can do it. As long as eBay doesn't throttle you or start taking things down thanks to the hidden VERO list. Etsy does similar things, and we won't even discuss Amazon. I think I maxed out at about $20,000 in my best year.
Another thing to note: it takes close to $60,000 net per person in my area just to live here and pay your bills. One big reason why most semi-pro resellers live elsewhere.
Opportunies come a few times a year , don't miss out buy it all.
@commonwealthflipper your absolutely right I’ve been selling “garbage” I work at an autobody shop and any and all expensive automotive lights,grilles etc that we change out. I keep fix (expertly) and sell on eBay all day long. So my sourcing is a very little bit of time on the repair and list, and sit back and wait. As far as shipping I keep the new parts box and stuffing and ship it out with that. I’ve recently gotten into garage,thrift and estate sales so my sales are WAY up. Thank you for the inspiration..
It’s possible if your selling the right stuff . I was doing junk removal and eBay I think my best year was 57k gross in 2020 just for eBay but that was essentially full time because of covid at that point before that 40-48k gross just eBay with 20ish hours a week.
I've done over that with 10-20 hours a week, largely because I bulk source and do quantity listings so I list once, sell over and over. Most of my time is in shipping. I will fall short of it this year (barring a GREAT Q4), but I moved cross country and was off line for most of the first quarter I had a kid and reduced my hours to 5-10. Next year, I expect to be well above that with a full year to sell and more time to put into it again.
My go 2 tape. I just started selling things from around my house. Thanks for all your videos. Have a great weekend!
Bit hard but doable..require discipin to do it with 20hours a week and maybe some helpers
If you've been to 5 different rallies for resellers and your family has been on 2 vacations the proof is in the pudding. Thank you Kevin for giving us your time and information. #Mygototape
AMEN! This content is so much more enjoyable than what's on TV!
I wish o could figure our how to make $50k a year reselling. I am workong a full time job, a part time job, and reselling on the side and dont bring home enough to cover everything.
I'm a newbie here since June, and this is a side thing. I'm still trying to understand what not to pick up to resell.
50k in 20 hrs a week is totally achievable, I guess the only thing I would say is how do u account for time, packing orders, picking etc. I tell my girlfriend all the time that I have been slacking, and she’s always responds with how much I’ve been picking, and going on private buys. Some weeks I list very little but can drive around buying collections, and grouped together I’ve spent 20 hrs in a week just on sourcing and picking and packing orders. Not even any listing.
You mean we can make money selling stuff? Hmmmmm I think I'll give it a shot.
Absolutely possible!!! If you know the game and play it well, easy peasy!
WHAT ABOUT GAS AND TAXES?!?!?!!!! 😂
It can be done, but I just need to figure out how?😅
You have to be dedicated, work efficiently, stay on track and believe in yourself. I do work daily but at a slower pace and my sales are steady...happy with my results. Love your videos, learn alot !!
Just like you said...I run two businesses, one of which is my eBay business. I'd say it is about 20 hours a week. Sometimes more in the winter since it's more difficult to source, but that's a good average. You aren't a liar, or I'm one too! $50K net is definitely doable if you are all of the things you stated...consistent being the most important. The hours may be slightly deceiving, though, because it is a LOT of work. Rewarding, yes, and if you like the work it's a great way to make money. However, make no mistake, it is hard work.
I work about 15 to 18 hours a week doing reselling part time and I make before taxes about 80k. I also have a full time job 40 hours a week and that only pays about 60k because I’m a screw up lol. I messed my life all up got into a lot of trouble as a kid.
I've been reselling for about 2 years now. I could easily see someone building up to 20 hrs a week for 50k net sales. I'm not doing that but I am not 100% committed to it (I work a full time "normal" job too"). The only caveat that I would add to it is that there is some start-up time and money to get to the point where you START to make that much. If I added up all the time and money spent to get to this point I would have made more if I would have picked up a part time job for 2 years BUT I would have HATED my life for the last two years working for somebody else at 60 hours a week to make them more money that I got. I loved doing this for the last couple of years and all the money I made was for ME.
I would suggest to people to start VERY slow. Get a very small store going that doesnt make much just to see what life will look like for you if you decide to commit to it. I think it is worth it but I like the reseller life.
Just my humble opinions. Godspeed.
Great response. You have to put in the work to get the reward.
July through Sept was awesome! Oct was slower :(
If I always had July-Sept I'd have over 40K and I don't know how much I work. I'd like to work a little less but I don't actually track. And I'm not quite 18 months back into this. My only purposefully under $10 are Disney stickers. My Avg. sales price per item for the year is $40. Best ROI so far this year are books.
I put some purses in the flat rate padded just bubble wrap more of those little extra pieces so they don't rub the bag or each other.
Another great video! I think you're on a roll selling the Peanuts Gang clings! I got mine and can't wait to put them up at Thanksgiving. Gonna get max time out of them! Thanks Kevin and fam!! Such great content and educational value!! So enjoy ALL the content you put out.
I loved Mister Ed. Do you remember the commercials for the Mister Ed feedbag on Nick at Night? I always wanted that!
I can't speak for everyone but this is my 2nd year reselling. Last year I didn't do a good job tracking. I would say I spend 10 hours or less a week sourcing, packing, etc. After taking out all expenses up to this point I have a net profit of over $10k. There is way more that goes into this than people think (including myself) but I absolutely love it. I think I'll be at around $15k profit for the year. Just think if I could devote more time to this. I think the $50k mark is attainable, but as you mentioned it's a lot of work.
You have to NET $961 per week. That’s after C.O.G , shipping supplies, shipping cost, gas, EBay fees, cleaning supplies, and whatever else I forgot….doable. It’s the 20 hours per week I’m questioning. You really need to source higher dollar items quickly and cheap.( but that’s what you said) It’s not like you can’t do it. Very good question.
3-4 hours a week sourcing (and that’s fun imo)
30-60 minutes 5 times a week packing (we’ll say 4 hours)
4-5 hours a week listing
So 14 hours a week and we’re making $35k year net
Sounds about right to me
I work well over 40 hours a week at reselling but this is my first year and I’m trying to build my business and there are MANY kinks to work out. I don’t think I’m currently on point to net 50K this year but we will see. There are many learning curves in this business but my goal is to net 75K in 2024.
One day, it’s one of my goals, $50K 😊😊 I would love to quit my job and focus 100% on reselling but the numbers do not look like they are quite there yet 😂. I don’t think it’s impossible though. It does take commitment ❤. Have a great day!!! My Go 2 Tape
I source on Monday’s ($1.00 day at thrift store) for maybe an hour. Then I buy at regular stores for sale items an hour or 2 a couple of time a month. My business has just started making money, within the past 2 months. I don’t like garage sales. I make about $1500.00 a month. Only 2 years to get to this point. Someday I’ll make more but I work alone and don’t have help. On average I have 4 sales a day, everyday. I’m comfortable. IF I sold $50,000 a month I’d probably go crazy. 😂 It takes time and patience. Enjoy the ride.
We easily make $20k or more a year just as a hobby/side gig....if we put in 20 hrs a week 50k wouldn't be difficult....we both work full time jobs so reseller is an "extra" thing because we enjoy it 😁
Hey, Kevin - interesting video. I’ve never seen you without a hat! Almost didn’t recognize you! (Commenting for the algorithm…)
My boyfriend and I started our eBay selling couple months ago and it’s going pretty good actually. He still has his full time job and I stay home posting and shipping every day. He gets home and still helps me out as well. We have fun doing it and honestly I just think it’s a great business doing. Thanks for the video! Great content like always❤ #mygototape
I remember why I unsubscribed from this channel last year, -I got sick of fast-forwarding to the part of the video which the title alludes to. Sooooo annoying
It's probably a gut response from someone who doesn't understand value beyond their own thought process. Too many people only value what they value. So anyone making money from things they don't value is impossible in their mind.
I do part time and i dont make 50K net profit, but it is possible. it just takes a lot of work. I dont know if its 20 hours a week. but close to it. it all depends how you source. it all comes down to your sourcing. But it is possible. i dont have you tube or anything. but as long as you have a garage and good sourcing, after a year its completely possible. That said, i dont think EVERYONE can do it, we all have different skill and abilities and desires, that plays a big part and its ok if you dont. we dont all have to be re-sellers.
Kevin try and stay out of them purses🥴lol Great video, your going to keep twisting my arm until I become a full time reseller!! Thank you so much!!😺🐾🎃
Up here in the far northeast, sourcing has become very difficult. I used to spend about 5-12 hours a week sourcing, now I find my self spending 20+ a week and not getting enough good quality stuff. Not for all you guys helping with tips n such I’m still at it making a decent profit. My go 2 tape!
I only put in weekends and have $25k in sales over 90 days. Maybe around 12 hours a week. I started in May and did 4k sales the first month.
I know I can definitely make more than I am. But between my situation and disabilities, I have gotten in my own way. I just need to rethink how I am going some parts of the process. Due to the situation and a lot of good friends, I have a lot high and mid end stuff. But, I can't navigate the place. I didn't want to, but I am looking for help here in Louisville to get my stuff moved into a storage unit so I can organize and set up dedicated areas for photos, packing and everything. I'll never be successful by moving 60 to 70 lb totes to get things shipped every day with collapsed disks and bad knees.
You absolutely can make 50k and more I do and I don’t have social media. This year I will make less than usual I will make a little over 50k but I’ve been on Maui since June 21st helping my daughter out with my new grandson. My sister ships my items from New York when ever I make a sale I also source once a week here on Maui and post once a week. It’s absolutely possible. I also went to Japan for 2 weeks with my older grandson and I paid for it. I’m a younger grandma I was in my mid 40s when my first grandson was born🥰
This is all great if someone only needs part time income. Hard to live on $50,000 these days. So, if someone else makes money in the house, that is good. Otherwise, have to work many more hours to make more $ to live these days with rent, insurance, food, car payment, medical needs and these are just the basics of needs. And, this doesn’t include any “wants”, like a movie or snacks… let alone a vacation!!
We got 2 Nerf Zombie Strike Crossfire Crossbow's at a garage sale, but who wants to ship them?! They are huge! lol. #MyGo2Tape
I could not make that much per year only devoting 20 hours a week without help from others. I am full time (and I get no help from anyone else) and would estimate it takes me 40 hours a week to make $50K profit per year and I consider myself a pretty good reseller.
I'm going to net 50k next year. I just started in February and I'm easing my way into consistency and more sales.😅
the biggest hurdle I find for most resellers who believe you can't do this full time, is lack of knowledge. They go after video games, pokemon, mtg, and that's about it. Their focus is primarily on the low hanging fruit, which usually gets gobbled up the first hour of the day. The real money is in everything else they leave behind. I thank them for that.
I’d say absolutely possible but improbable for most.. especially in your first few years doing it.
You will need to gain both knowledge, sources, and capital to achieve numbers like that.. someone who is starting this business with $1,000 in capital is not going to be netting 50k profit anytime soon. If you need to sell items to be able to buy new items you are not at the scale to hit those numbers.
Once you find inventory sources that can be repeatedly sourced from for profit it gets a lot easier.. it’s a lot of work to find those.
I’m only a part timer and spend maybe 2-3 hours a week buying and 3 hours a week listing, and my 90 day average is around $6000 on eBay alone. So if I spent more time with my eBay store, I could easily see making 50K a year @ 20 hours a week. Haters are always going to hate and the envious ones will always give negative comments.
Ive been reselling for about a year now. I source once a week and sometimes i dont even do that. I have made over 13k and im not working on my store every week. 50k is very doable because i plan on hitting it next year! #MyGo2Tape!
You don’t need to explain yourself. I think some people just make remarks to kind of ruffle your feathers, so you’ll address them on TV.
I am a sahm and so far this year I have a little over 30k in sales. I try to list something every day but I don’t spend much time on it. I live in the middle of nowhere so no a lot of options for sourcing but I do garage sales and when garage sales are over. I’ll go to the bins once a week which is 3 hours away. It is VERY possible
See thing is most unexprienced dont understand gross and net and if your telling the irs your selling at a loss that means you are truly not makimg any net profit because you pay self employment tax 15.3% on that net.but if your telling the irs your operating at a loss because of your expenses then your net is 0 or negative you arent making any money come jan 2024 when the majority of resllers have to pay self employment tax it will really.open there eyes as to.if they are actually makimg a profit (i.e. netting anything) or are they in the negative/selling at a loss and netting nothing
I don't understand why anyone would think that wasn't possible. I know business owners that put in less time and make way more then that... #MyGo2Tape
My go 2 tape!
This will be my first year reselling the past 6 months have really ramped up for me excited to see what next year holds. I can see crossing that 50k mark doing this part time
I think you can do it, IF YOU GET YOUR SOURCING RIGHT.
You also aren't going to get there overnight. It would take a lot more work early on to get to the point where the sourcing is easier.
I think 50K is possible, I average 3k a month with an average of 250 active listings. I source bin stores about 4-5 hours a week and another 5-6 hours listing, shipping etc. This is all on top of my normal 9-5 job. I know it wouldn’t be hard to double or triple those numbers with more effort.
Think that person is trolling you. Anyone who has watched your content knows you are genuine and not a liar. People are sad.
I know I could make far more than $50,000 net in a year, but I do everything entirely by myself. I am also retired and have to stay under the amount the feds say I can earn. Can you believe that. If I make over about $20,000 net they start taking away my Social Security. At that point I would be making very little money. For every two dollars I net over that amount the feds take away one dollar from my Social Security. It isn't worth working at that point. The retired folks on Social Security are the only people that the feds actually limit earning potential.
me I have I'm a lier it's more 20-25 a week some weeks 15 so yeah I'm sure it does level out last two years around 48-53k
M Y GO 2 TAPE
I enjoy watching your videos.
I, for one, know your metrics are accurate. I resell part time (I'm retired) and am constantly amazed by how much money comes in on my sales. 50 k is definitely doable in 20 hrs. a week. I source more than you only because I love it!
I love the clips about your property. It makes me wish that I lived in a place like that.
My Go 2 Tape! Thanks! Always great videos!!
I'm @ 38k
And I work 15hrs a week , and most weeks not even that many hours.
Kevin, you know what opinions are like....everyone's got one. Keep on keeping on!