I accept offers mainly on how long i've had it. I hate lowball offers, but if I've had it over a year, I welcome them.

@885Blackjack

26 күн бұрын

Wow, I try to turn over every single item I buy inside of 30 days for max value. I hope I have exactly no item for a year.

Space is a HUGE factor in taking offers. Knowing I am moving out an item that may make room for 5 or 10 more items in my storage is a giant plus!

Great vid Kevin! Turner said something that you don't hear from kids his age too much nowadays. You asked him what he was doing, and he said, " playing outside". Sure beats playing video games all day. That's great!

I agree with Jon pretty much. Same thing with giving an item away. I gave my buddy a Nike driver worth a few hundred for free because I only paid $10. If I paid $50 I wouldn’t give it for free. I kind of use that same thinking on selling the item. I care less about top value than how much I paid

Thank you for the shout out. You illustrate perfectly how as resellers we are all different in how we approach this issue. In your example you pulled out a rare adidas London Olympics jacket. It is highly unlikely you will ever see one of these again. Quite possibly the same situation with the Mahjong set. In my situation, rarely do I get one offs like this. For instance toilet safety seats. We get these very often and I know that I will be getting more of these every week. So in my mind I need to know my cost and I set a bottom line number that I will take and we keep the sales churning. This is a huge part of my business model yet at least 60% of my sales are at full ask which relies on 90 day sold comp data. I rarely find “home run” items but when I do I tend to handle these differently because chances are I will never see these again. Couple this with high historical demand/sales history and I will be more apt to set my range much higher than I will a common item (I may not even have offers set up on said item). With all this said it is importance to have your cost in the SKU field in your listings to help determine the lowest you will accept for an item and in some cases you should be willing to take a somewhat low offer on a longtail item provided you can make a profit to move on from it. One final factor is space. Due to the size of many of my items I am forced to be more aggressive to make my model work. It all boils down to one thing regardless of where you stand…. Flippin Aint Easy

@commonwealthflipper

25 күн бұрын

No doubt size plays a big role in your model. I listened to your last podcast while I traveled yesterday. I think it was my favorite one yet. I love the thoughts you guys gave on looking g at the future of your business. All a bit different but each of you made me think a stitch differently than I had before. Great show. I still don’t believe beard reads though. 😉

My bins store in the city near me picks the expensive things out, prices them on shelves for hundreds of dollars, then open the store for their $25, $14, $10 days and so on. I find that very very shady.... why do they get to pick through, grab the good stuff, and price it wayyyyyy to high. I thought it was supposed to be the specific price of the day. Shady place. I don't even go there anymore.

I agree buy cost is pretty irrelevant as to what something will sell for UNLESS your buy price allows you to undercut everyone witch is giving money away imo unless you have unlimited supply.

I accept offers based on when I first listed it and how much I have into.I keep this info in the SKU field so easy to access it. Also How Big the item is and how much room its taking in my house. Higher priced items - I will take a peek at recent sales to see if I may be overlisted. Happy Fathers Day

An old saying - you make your money when you buy, not on the sale. If you pay too much you'll never get your money back out. Know what you can pay for something and then you'll know what you can take on an offer and still at least break even. I was always a Fast Nickel turn-and-burn kinda gal. I was at a tag sale this morning in a church parking lot. Some sellers sold low and fast (and got my money) while others wanted full wholsale to retail (kept walking). The only inventory you want to sit on are things you bought so low, you can't help but make money when you sell it. I do do tie up capital in precious metals bought well under current melt. Call it a bank account that can' be hacked and that keeps up with inflation.

I price based on recent solds with minor adjustments based on current listings. I used to be after the top dollar but space is becoming an issue for me (6,700 listings) so this year I've been doing aggressive offers and higher promotion rates to increase my sell-through. (My sales $ are up 45% over this time last year as a result).

Something that is also a huge factor in selling quickly and for a good price is how many folks actually see your item. You have an edge because you have a huge KZread following etc. and that certainly helps your sales.

@commonwealthflipper

26 күн бұрын

Double edged sword but yes overall an advantage. The view rate with no sales on an item can kill it however.

Total agreement on the points you put out in this one Kevin. I changed my business model recently in many of these areas and expect it will be one of the best business moves I have made in a while.

Good Morning! Happy Father's day, we hope you have a great weekend.

I budget all my bills and that is what I pay myself. I’ve tracked what I spend on groceries, gas, for fun money. I use to spend my money like nothing so now I’m strict. I source about twice a week. I don’t have a cap on what I can source to sell. I usually stress when I have just pulled money to pay myself so I’ll go to the bins instead of a thrift because I’ll spend $30 instead of $200z

Good Morning from NC 😊

i just take offers all day long, low or not low, doesn't matter. move product. move money. I am not a museum, i'm a business. cash flow is the most important aspect of any business. sitting and waiting for the "right price" is useless. at most points you end up having nothing in a product from other sales snowballing so who cares.

@collectmoe

26 күн бұрын

I like that model 💪🏽💪🏽

@peaceandlove18

26 күн бұрын

What’s your store so I can go low ball you? I need more inventory.

@Ir-of4zn

26 күн бұрын

Tell us your store so I can go lowball you, as well. I can also use additional inventory... waiting for a reply....

@WellnessWizdom

26 күн бұрын

​@@Ir-of4zn I suspect you'll be waiting awhile.

@Ir-of4zn

26 күн бұрын

@@WellnessWizdom Yep...I figured that ..People get on the internet and do all that cheap talk...😂😂😂🤣🤣🤣😂😂😂🤣🤣🤣🤣😂😂😂

Thanks for the info. I recently started reselling and am learning the ins and outs. I am getting watchers and views, but sales have slowed. I send offers but nothing. I am still figuring out the pricing of my items. This video came at the perfect time. Love the comments also.

Fantastic jumper 🇬🇧 👏🏻 I'm almost certain I seen you pick it up, I'm not 100% certain, anywho{it's from 1980} and great sales, Have a fantastic fathers day tomorrow... Jayne 🇬🇧

That jacket wowie.😊 Big huggicates!😊

Kevin this is one of your best videos. We live a lifestyle and business Lifestyle of it's all in the buy. We learned that many years ago. Business model not much capitol invested and not selling saturated items. We are not volume sellers and never have been. We look at an item with a sell through rate of over 65% and look at average sale price and deduct 15% of what we are willing to take, that usually equals out to 20 to 25 x ROI. Years ago we took out a % to pay off debt and ourselves. Let sales work for you and your goals so in the future you will have less worries, less bills, less or no debt and you can enjoy your hard work in ways you see fit. but you have to put in time at the beginning. Do what is right for you and your goals, there is no right or wrong way just be smart in what you do with your earnings.

Problem is people are getting more desperate as sales slow due to economic times. Therefore feel to reach goals they have to liquidate more items with less spreads. 3 years ago it wasnt uncommon to sell a rare tshirt for $500 plus. Now its rare as those shirts sit and rarely sale unless you drop the price significant but then buyers write to say is this fake or you get hate mail from other tshirt sellers.

@jeffw1267

26 күн бұрын

Coin collecting seems to be taking a beating too. More often now I put a item on my watch list and the dealer will shoot me an offer within an hour. Several years ago, I might put a watch on a hundred items and I'd get no discount offers. Dealers are also more likely to take my 20-30% discount offers now. I used to ask for 10% off, but because of the slumping market I will ask for a minimum of 20% off. I find out quick which dealers want the cash flow.

@JohnnyLightningV10

25 күн бұрын

@jeffw1267 Yep unless something is an exceptional piece you can get deep discounts now. I stop going after higher end items now unless I get them exceptionally cheap. People dont have the cash flow to support their hobby like even in 2019 pre pandemic.

Hi Kevin 😺 when youtube resellers come down hard on resellers who sell based on the fast nickel, I unfollow them because of their holier than thou attitude, as if they know what’s best for everyone. 😤That’s why I like you and your balanced approach to reselling 💯💯✅✅🎉🎉

Found 3 B-52 records for my collection this week and thought of you haha. One of which is the one you have framed.

I can name that video in 3 seconds! I love the Traveling Wilburys. Too bad they didn't do more jamming. I'm going to see ELO then end of the summer..... WOOT!

Rarity and sell through rate play a huge part, I agree, the rarer the item the higher the price I’ll put on it

Hi! Good to be here.

The argument that the seller needs to sell an item at below market (the quick nickel) so he can deploy the capital to buy more inventory is specious at best. Whether or not an item sells quickly or not should not has any influence on his decision to continue buying inventory. Most have more than enough capital to continue buying, and many have credit. If a buyer is so strapped for cash that he can't purchase inventory unless he sells quickly below market, then he should get a job and sell part time.

@commonwealthflipper

25 күн бұрын

There are more opportunity costs to not having capital working for you than just new inventory.

My current model as I approach my 25th year on eBay; Most important is how much work an item is. I purchase Lots of small items like charms, that don't take up much space. Often there are multiples, so the cost and cost of TIME decreases.My largest items are Xmas ornaments but that is as big as I go. I currently have 3500 listings and would max out my space at 5000. I sell on eBay to supplement my full time job but I love the research & history involved in items!

I do enjoy your videos! You have made me look at my estate sale job in a different light. But I have an admiration for old PYREX and things. So that is fed by the side job. I have thought about reselling more and have done some on Poshmark. I do like the ease of the process over there. I plan to go to a garage/yard sale later. I do buy for friend and family who are looking for certain items. I get the itch scratched, sell something and do a favor.

Since I'm doing a One & Done thing by getting rid of my comics, I'm trying to get the most I can but I'm actually trying to get what I paid for when I bought the books.

Hello good Saturday morning Kevin and family have a great weekend 😊😊

Jumping out of your niche can help and is a must in rural areas sometimes. Like you said, it can be a time consumer so you have to be smart and careful.

For items that are very common it seems its a race to the bottom or Nitch new items it can also be a race to the bottom. I had a new item that I imported once I could get $15.00 plus shipping that my cost was on average $1.60 I could list 200 in one listing and make a killing. over the years the price kept going down to where now you can get it from a China seller ship to you for less then it cost me to ship it in the USA

So many variables go into each thing we do as resellers, it’s important for all of us to remember that. Everyone and everything is going to be different. I think my goal is always to just do what I can to help other resellers be the best reseller they can be, by doing what’s best for them! My list of order I think is pretty much identical to yours, but may change depending on different situations.

I fully agree with your position on the pricing issue. Eventually the FAE approach will erode market value, as each succeeding new listing will rely on past solds for guidance on how to price new listings. As the new listing prices drop, accepted offers will get lower and the market prices will continue to spiral downward. What you pay for an item should determine your profit, not the item's market value.

I have been selling on eBay since 2001. When I first started selling I was interested in making ends meet with our budget with 4 children. Now they are out with all children. I have 12 grandchildren & my money goes to help our children or grandchildren. I am trying to sell off my reseller late hoarder items . She bought everything. As I am Writing this I just sold a purse of hers . I begged to sell it all & her answer was just think it will like Christmas to you . 😂 in away yes when I discover more when I open it up . I am now sending in offers & put a summer sale of 30 % on to get rid of some items of hers . She passed 2 yrs ago . I will probably have her things for yrs more . I also my keepers from her .

My area, they don't let those rainbows go. My varies by item, how long I've had it... basically all the points you've made.

Everyone's situation is different. The seller needs to figure out what is the best model for themselves. The way I source works where I live, but if I live in a different region, my sourcing will not work. As for pricing, I know the average price before I buy so I know not to overpay even though mistakes are made sometimes. Quality/purchase price/shipping/sell through rate are all taken into account when pricing and taking offers. I agree that when something has been on the shelf for a while, it is time to undercut the market and get it out the door. Breaking even is not a bad thing and sellers can't let emotions get the best of you.

What was paid for an item doesn't ultimately matter when it comes to what it sells for. The market is the market, whether or not the reseller got a screaming deal when sourcing or if they overpaid.

When I get an offer, my cost is the first thing I consider. The second thing is how long I've had the item. It's a case-by-case thing.

Happy Fathers Day 💕

I have some awsome railroad retired. Thrift books vs library.

For Context , 2 stores with around 12k listings in a 12x32 shed. Space is a somewhat a factor, how long it sat is a somewhat a factor and my purchase price is never a factor. I buy in bulk and have pennies into most items so price to comps is probably the biggest factor. I sell lots of longtail and dont need the capital this minute. Best spot to be in IMHO.

Thanks

It’s always slow summer months. Plus shipping is getting so costly. I’ve sold on EBay for 25 years the influx of cheap Chinese junk has taken over all online platforms I take offers if I can make even 2 dollars profit I sell it

I set some of my items up to give room for offers. For others, I price somewhere around sold prices. I sell part time since still work a full time job. I just tend to do like many others in that I love the sourcing too much.😂 The posting not so much. I do list daily though.

Hey Oh!!! Ran into Shad Juice this morning, gave him my thanks and support

@commonwealthflipper

26 күн бұрын

I like him a bunch.

Fun idea would be to show what are those keywords & photo techniques you used to differentiate yourself from the others

@WellnessWizdom

26 күн бұрын

Look at his store to see what he's doing.

I have a system in my store. First 15 days listed, no deals - up to 15 to 30 days at 5% - 1 to 3 months at 10% - 3 to 6 months at 15% - 6 to 9 months at 20% - 9 to 12 months at 25% - over a year 35%. I also sell oot of a building on my farm and am always cycling thru auctions as well as I am a Live Auctioneer. To say you won't get at auction what one can with a store is true on most items but there are some out there that will sell at auction for more because of gotta have bidding wars. Just have to research. I sell vintage mainly, what may be dead in one area may not be worth much but in another area may sell for 10 times more of the dead area. To many, unfortunately, think they are going to have instant riches on Ebay. Here today, gone tomorrow syndrome. Sellers that last the long run from my observations are the ones that know the value before they buy and have the patience to wait for that value price. Jus' my 2 Cents !!!

Good job kids!

List high, adjust as needed.

@rubazaar891

26 күн бұрын

If, I couldn't afford to do that, like most newer sellers, I would undercut the market and once established, then better quality items would get a higher premium.

I find that ebay is kicking my items out in batches right now.. I'll get an offer on an item (usually low balls) when I counter offer, someone else buys it for asking price within the hour. This has happened to me like 9 times in the past month.

@chantillyvintage

26 күн бұрын

Same here

@consciouspatriot4375

25 күн бұрын

Same

There are a lot of factors that go into this and everybody is different what I will say is if I have a unique rare item I will hold out for top dollar other than Those items, if I can get 50% or more of my list price I’m good I buy in bulk my buy cost is irrelevant

I can't take a payday unless I've covered the cost of the storage unit, and have covered some sourcing.

I only buy things I know I can make money on, and generally most of my inventory moves within 90 days. I will occasionally have a long tail item, but I will slowly drop prices on items that don't sell.

19:29 kevin you briefly talked about your budgeting and scaling of your business. I think this would make for a great topic in a future video if you dove into this a little deeper.

@commonwealthflipper

26 күн бұрын

But you’re a nerd. 😉

@JrideFlips

26 күн бұрын

@@commonwealthflipper that’s true lol

What gets me is sellers that decline taking ONE dollar off a $20 item. Why even list offers? I think they feel they get better exposure when offers are listed? Maybe they're right but it's bad practice.

@SpeedX3877

21 күн бұрын

I get your point, but it seems like people asking for a dollar of 2 off is few and far between. I’m constantly getting 25-50% off offers and they want free shipping. It’s hard not to respond and just tell them that I’m not going to give them an item for free. Both sellers and buyers need to be more realistic in their processes.

Profit is always made on the buy side.

Cute bear!!

I look to see what I paid for it to determine if I take the offer and how long it's been.listed

The rgs story. Rio grande Southern. If you want to see😊

my opinion: price your items at what they've sold for within the last 6 months

What's your sell-thru rate % threshold? What percentage do you use as the determination of to buy or not to buy....unless it's Tupperware 😊

Content comment for the algorithm gods.

I collect coins, and some of them are pretty expensive. It seems that the highest volume dealers on eBay put everything up for bid, starting at 99 cents, and they move a LOT of product. One dealer in Texas has over 300K feedback ratings. I imagine when he first started doing this, he had to basically give away some of his items. But people like to get good deals and they gravitated to his site. His listings end every hour of every day, and now he's got so many bidders that none of the items go for too cheap a price. And he's got cash flow going all the time. Many other dealers will list a $200 coin at $300, and keep the same listing up for years. It is VERY unlikely that a sucker will ever come along and overpay by 50% for such a coin.

Happy Fathers Day 👨

It's a race to the bottom. Unless you are a slave to the site and have thousands and thousands of items. Which is unrealistic.

A TALE OF TWO RECENT BUYS - Item #1 is a pallet lot of electric wall plugs 24 boxes of 100 = 2400 plugs. Buy cost was $.07 cents each. I will not be undersold on these - Please take advantage of my hugely low price! - There is no race to the bottom here - My price is the bottom and will remain so until they are gone. At which time I will celebrate my huge profit. These take up a large amount of space. Item #2 Is a vintage Waltham 17 Jewel 14K White gold pocket watch in running condition. My cost is $300.00. My estimate of gold melt value is $700.00. Premium value above the gold melt value for a working piece of vintage quality in gold is variable but I suspect it's value is around $1,100.00. I will list on the high side of value and not accept less. This takes up almost ZERO space. Some would say on Item 1 You are ruining the market. Some would say on Item 2 You are price gouging. Either way It does not matter to me - I will make a large profit on both. So in my opinion price is determined by a very wide variety of factors.

@commonwealthflipper

25 күн бұрын

Your last sentence is no doubt the truth of the matter.

I wonder if we are “training” buyers to expect sellers to accept low, sometimes very low offers by being too flexible. I’ve been receiving really low, 20% of the listed price, for items that are priced in the middle of the market. I often counter slightly higher and they do not purchase. This is a recent issue and is frustrating. Anyone else experiencing this?

@commonwealthflipper

25 күн бұрын

I think it’s just part of the game now.

Nice joke Turner... you should come join our improv company ;)

Why do you have two cabins for your ebay business that are so far apart?

Undercutting the market hurts the rest of us resellers. Dont undercut the market by more than 15%...i.m.o.

👍

❤❤❤

What drives me crazy are books sold for 3 or 4 bucks with free shipping. There's no way there's any profit left. They ruin the market. That being said, i have priced books higher than others and they still sold.

@chantillyvintage

26 күн бұрын

That happened to me with some cosmetics I was given. Went to list them and most were listed for 1.99 free shipping. No way they’re making any profit in them. I didn’t even list them, I just gave them to my Granddaughter.

😂 Most of the people here will be happy to make $3 lol it is pathetic. That same clie I sold for $300 😂😂😂 you did good on the Olympics thing though.

Easier said then done about "making money when you buy" not when you sell if your stuck buying in NYC where everything is so high priced. It impossible to find stuff for a quarter or a dollar like all these resllers who live down south. There are almost no garage/yard sales only tons of estate sales and the estate sale people know their stuff and its hard to make money when they price things so high and i buy lots of stuff at estate sales but cant make 10x profit like all the KZreadrs. Wish I lived in Virgina, South Carolina or Kentucky where you guys buy stuff for a quarter.

@commonwealthflipper

25 күн бұрын

So would you buy things in bulk from resellers in areas where sourcing is cheap if there was meat on the bone?

@palivali64

25 күн бұрын

@@commonwealthflipper yes if there was meat on the bone. I always buy in bulk at estate sales, make huge piles and those piles are priced mostly at over 1k most of the time. I can get them down to hundreds usually but high hundreds. No goodwills here,and they are not like down south. There are not asiles of metro racj=ks with hard goods on them, only clothes. There are several in mnahattan and one in Brooklyn that i know of. None have hard goods. Not a lot of homes compared to apt buildings so garage/yard sale are far ans few between. Only estate sales because over 10 million people live in NYC 5 boroughs so Lots of people passing away. There is an estate sale every day of the week somewhere here but professionly run, not family run. The last 3 I went to were so hard to chew down the price. She wanted $1200. I got her down to $750. The other she wanted $650. I got here down to $375. The another one she wanted $550 and I got here down to $320. This was all the same company. I have not even made my money back on 2 of them and not even doubled my money on the third but im close. I told her last sale, I'm keep paying you too much and i can't profit. Her answer was.... so put the stuff back. I said you have to work with me so i can make money. She said I am. I'm considering giving up. Not to mention people push their way into the doors to get to the sale even with a numbers system most people pile by the door and push in when the door opens regardless f your number. You have to run and grab before the next vulture gets their hands on what you want becasue 100 people are at the sale. I see so many of the youtubers videos of estate sales and I'm like you will get crushed or runned over getting inside the door here. You don't have to time too breathe, or closely look at things, nevermind take video lol. Cut throat is an under statement. Then you go and get a ridiculous price for your pile. Sorry for long reply. Im so jealous of the things you youtubers buy for .25, .50 and a $1. It does not exist here. I do enjoy watching you. I'm so jealous when you pick something at $3 and you get them to give it to you for $1. Here it would be $6 lol for the same item. But then again you have a $700 mortgage to my $1250 rent. More power to you!

@palivali64

25 күн бұрын

I meant $2050 rent. $1250 rent does not exist here lol

Insane number of commercials 😢

@willwinl

26 күн бұрын

He has no control over the commercials, that's the price you pay for using KZread for free.

@onlyluvisreal6691

25 күн бұрын

@@willwinl ?????

@valeriesantos8178

25 күн бұрын

I too get a lot on my iPhone but here on my iPad, for some reason, I nvr ever get commercials. It’s somehow commercial free.

Kevin. You have a list perfectly code. Do you have a number we can contact them? My list perfectly has not been working. I can only import it 1 listing at a time. I have been online with them for hours only to have them tell me i have to now wait for an update I need to contact someone. Do you know how?

@commonwealthflipper

25 күн бұрын

Send me an email.