CHRIS YOUR ARE THE OFFICIAL EBAY MASCOT. YOU ARE THE BEST FOR REAL!!!👍👍👍

I like to do bulk buys. I work the estate sales. I am on many email lists for the estate companies. I get the emails for each new sale. I look at all the pics they post. I am looking for a sale that has a LOT of items of what I want. The last day of the sale in the afternoon is when items start getting discounted, I go to see what's left. Sometimes there will still be a lot left of the clothing/shoes/accessories. I will then tell them I will take it all. I will sort through it all later. The per piece cost doing this is very low. I have found great items. Last sale I went to was a doll maker's estate sale. Lots of items left, some brand new. One of the workers called the owner and said "Darci is here", I waited until she got there. Gave me a price of $200.00 on what was left in the craft room. There was a lot. One item I will list for $150.00. When working the sales, get to know the people who work there, the owners, etc. Try not to talk them down too much on the price, if you do, they get insulted and will not as much with you.

@Aaron_Scissorhands

2 жыл бұрын

How do you get into estate sales? I live in Florida and there are a ton of estate sales here, but I have no idea how to get that info. Is there a special site where we can sign up? Or one where we can find out where they are?

@sabtsmith

Жыл бұрын

This is my exact strategy too. I've gotten amazing items for pennies

I am on Next Door and there is a women who posts a request saying " I am a senior on a fixed income and a reseller and who like to know if you have any goods you no longer want and instead of taking to a Goodwill I would be happy to take them off your hands. She gets alot of feedback from ppl. happy to give her free items. She answers there questions promptly and does not take any furniture or very large items.

@Tom-Travels

2 жыл бұрын

Hi Lynn! That is a great tip. I am on NextDoor because of my rent house business. I think your idea would really work in my area. I think it would be important to pay donors something, like 25 cents each for each pair of jeans and 10cents for each shirt, top, or skirt. People would sell you trashbags and trashbags full of clothes. It's a project worth throwing a $100 at and see what happens.

@1234butterfield

2 жыл бұрын

@@Tom-Travels I totally agree. She will also take any small appliances or household items. Good Luck Tom

I source differently each weekend, I sell used and new clothes.. goodwill in my area puts out there new color of the week or 50% every Sunday and they only put out items with that color tag on Sunday so when they are gone they are gone, Sunday’s I average 9-10 goodwills.. Monday I retail arbitrage, I have full time job as a chef and list about 10-15 items a day my new goal is 25-50 items a day

@kurtr4990

Жыл бұрын

Killing it 👍

@jv-ep2tc

Жыл бұрын

you cannot work full time and do ebay/25 items per day let alone 50.

@rathbunproductions5164

Жыл бұрын

Yes you can I do it myself. You have to be efficient

@kurtr4990

Жыл бұрын

You sure can’t if you think like that!

@jv-ep2tc

Жыл бұрын

@@kurtr4990 ok, I can fly to the moon! suddenly, look its true!! Aside from that, the smart seller deals in higher end items that do not require so many listings.

Yes Mercari is a good platform for beginners. I was intimidated by Ebay so i went with Mercari. I now list with confidence. My niche is jewelry. The best way i think to learn a category is to touch, examine and research. Repeat this step everyday. I started my journey identifying metals, understanding the metalsmithing design and names of all the jewelry designers. In order to properly describe, list and value the item, what other way then to become a self taught jewelry appraiser . It will take time but eventually i will be an expert.

@dailyrefinement

2 жыл бұрын

Good idea

I use Facebook marketplace to source clothing lots. $1-5 pc but typically I buy 10+ items a bag for $25. And you make great sourcing friends.

Thank you for this. I've been kind of down because I couldn't find anything at stores but this cheered me up and inspired/motivated me.

@weekendatbernies2265

2 жыл бұрын

Yes, it was sad realizing I didn’t to put in the hustle to go to a dangerous downtown urban area to source books. Y myself. Books are a natural for me. But I knew there are Soo many ways to make money selling online I did not get discouraged for long, especially after watching a few of Chris’s videos. Very motivating. But I’ve also done well with vintage furnishings sourced at a local Salvation Army. The online platform Chairish will arrange shipping, which buyer pays, all I do is load photos and description of item and they send various couriers or movers right to my place and load it up and handle all packing. Sadly their commission is 30% but I’ve still done very well with large items because I have a good eye from being in the design industry and reading magazines for Years. Not sure if I will be keeping my Amazon FBA account. Need to join the group and see what I might do with both eBay and Amazon. Thanks Chris!

If you have a cell phone you will get ALOT of answers to where get your inventory ( Ebay, Mercari, poshmark, Online Auctions, offer up, 5miles, Marketplace, etc....we could go on and on..), you have to do your research and see what is good for you. Some people, go to Goodwill, Garage Sales, Thrift Stores, FLEA MARKETS, ETC..... Me in particular, Flea Markets n Garage Sales! I do not go in the mornings to garage sales I stay away in the mornings, i after 3pm....THATS JUST ME, I've done that almost for close to 10years 😉. Just do your research! You WIN when you BUY and Invest before you do the SERVICE/Sell.!!! Great Video!

Very informed yet common sense approach. Thanks for your ideas concerning reselling.

You said do do at 9:35. 🤪🤗for real great content. You are making it easy for people to understand this

@dailyrefinement

3 жыл бұрын

Get your mind out of the toilet Jeff!

I normally buy for 3.99 or cheaper and flip it for 15 and higher. I try to flip for at least 3x my money. I don’t like paying over 10 for one item unless it’s worth 30 or more.

@love4stamps

3 жыл бұрын

Same motto here!

@bairfreedom

10 ай бұрын

Same here

From next month ebay is requiring some items like clothes to have a lot more details specified. Be interested to know how you think this will impact listing rates and why they're doing this at all.

I’ve done over 1k on eBay today but I’ll watch the video

@dailyrefinement

3 жыл бұрын

Great job man!

@commonsense1193

3 жыл бұрын

@@dailyrefinement thanks my friend you as well. I just found your channel a few days ago. In my opinion it’s a nice take on reselling which seems to be getting more and more flooded with new content creators

Fantastic content, Chris. Planning to join your group.

Thanks Chris for your information and knowledge about selling and life.

lots of places to get inventory, specially that is not online. new and used

9:31 😆 press this over and over

@cordwoodenties5505

3 жыл бұрын

Lol

I can’t stand low-ball offers. I price everything competitively. So, when someone offer 40-50% under the list price, it really pisses me off. Sometimes they justify it by claiming “I’m” charging too much for shipping, when in fact, I use calculated shipping. Thus, shipping is the going commercial rate. If someone offer 20% (or 30%), depending on the item, I have no issues and, usually, accept the offer. But, anymore, I don’t allow offer when listing.

@kakashimoto9916

3 жыл бұрын

Same. 20% off my bin price is the cutoff, any offer from a buyer beyond that gets declined immediately. Terapeak has helped me determine the average price of items and I for the most sell my items at the average price which is fair and good buyers recognize that, often buying my items at bin rather than sending me a lower offer. Buyers who know their stuff know a good deal when they see one. Key words "know their stuff", i.e. have used Ebay for a while and know to how use completed/sold items to determine the average sold price on products.

@Tom-Travels

2 жыл бұрын

LOL. You'd hate me. I offer everybody 50%. That way, I always end up getting about 25% off, or I walk. I don't take it emotionally, if they say, "No!: It's just a game, not the end of the world.

You really get into what you are doing, lots of effort on your part to deliver something helpful, were you a ever a teacher ? And my other question is,,,, Im a musician, slowly becoming just a solo, had a band for years, but the pandemic has killed that market, so I have been selling My musical gear, that I know, I will not be using, my question is, ? Once I run out of merchandise. Where can I find Professional musical items to buy in bulk wholesale ? I have done research on this, and besides Alibaba,, who mostly has toy inst, and amateur stuff, there is no other, Your input would b great, since I'm at this alone, thanks freddy

Start selling and buying and you just learn.

Hi thanks great ideas lots to learn about but one niche to decide ahh lol thanks

A Federal EIN is NOT necessary to resell. Such a thing is only required in specific instances. Creating a business entity is also not a requirement, and may not be a great idea for some (perhaps even many) who are just starting. Even a single owner LLC, for instance, if taxed as a disregarded entity, will file under their own SSN and would only need an EIN in certain instances (like if and when they hire employees). Anyone who thinks that they are at a point where they actually need to consider creating a formal business entity need to check with a CPA or business attorney first.

@dailyrefinement

3 жыл бұрын

Good advice! I was trying to indicate some suppliers need a resale permit!

@cliffarthur28

3 жыл бұрын

@@dailyrefinement No worries. I agree 100% about needing a resale permit. That is a must for anyone trying to do this as a legit business. LOVE your podcast, BTW! Always great stuff!

Thanks Mr.Chris

I love you, (like a friend) and your videos.

Filson is a sell out brand. So newer stuff can be low quality that people don’t want.

Thanks for the video 😊

Hi Chris, this video helped me make a re-commitment with EBay reselling! Thank you! I have been studying the Amazon business but I need to be realistic.. all this ungating process drove me insane .. I am 63 years young 😉 taking care of my 88 year old loving dad and I really felt the EBay calling again after I watched your video 🤗 going to unsubscribe tomorrow to my professional Amazon account to use the money to join your FB group. God bless you Chris😊 I would be very happy making $350 a week 🙏🏻

@5.7dobey

Жыл бұрын

Facts to actually make good money on Amazon fba you have to get ungatted which cost a lot just from one brand

Great info. Also when the buy in is high on an item such as NWT Filson, check the sell thru rate. If its really high and you can feel more confident in your purchase knowing when it will roughly sell. 🙂🙂

I need a lot of help.

Ebay type name brand womens clothing used, sold , sort highest price , see what brand is selling more plus what is selling price

No one showing up at one of my garage sales early has ever bought anything for me. Why? Because they got in my way while I was trying to set up and they won special prices just for them.

I would really like to get more tips on consignment

Awesome work.

Hey Chris, what photo app or program are you using looks great? I bought a jacket from you a while ago.

In california they charge you a fee for a seller's permit under 200 it's not expensive but be ready to pay it in order to start business

@dailyrefinement

3 жыл бұрын

Thank you!

@rodilloz

3 жыл бұрын

They charge ..? How much?

@pattigibbs3563

3 жыл бұрын

I’m in So Calif and never paid anything for a sellers permit so not sure what you have.

@LC-eu8tl

2 жыл бұрын

I'm also in CA and my sellers permit was free

I noticed after donating my clothes and miscellaneous items at goodwill or Salvation Army , I found guys go through my stuff. I asked staff who are those people , they said, they sale on eBay. I didn’t know.

@dailyrefinement

3 жыл бұрын

Yeah

Great content.

We appreciate you Chris. 😎💥💪

I picked up an old Filson heavy weight Long Sleeve shirt or jacket. I was at the Goodwill bins and usually people are shoulder to shoulder at the bins. I walked up between two people and grabbed a Filson . People got mad thinking I should not go in between people. Like I said earlier people are shoulder to shoulder.

@dailyrefinement

2 жыл бұрын

Yeah, there’s goodwill bins etiquette for sure

What do you do for reconcile shipping problems through each carrier I'm going to be using Pitney bow

When you say sell " one specific type of item " . Is Womens clothing too large of a category ?

@dailyrefinement

2 жыл бұрын

Usually yes, it’s a very broad category

All

I haven’t sold anything in the last 5 days. I still have high hopes tho!!

@lifechangerD

3 жыл бұрын

I've adjusted 5% of my store starting with my oldest listings, the past 5 days. An trying to list ATLEAST 15 a day like he said. An my older items are selling. 8 sold yesterday alone! Just keep watching his videos and act on the information!

@things4yougaming723

3 жыл бұрын

What’s your store name? What are you selling? How long have you been selling?!

@carmengutierrez8594

3 жыл бұрын

@@lifechangerD I’m sorry for the questions but you took 5% off? And how do you do that ? 😊

@lifechangerD

3 жыл бұрын

@@carmengutierrez8594 I just go under my oldest listings. An take off a couple of dollars per listing. Pick a new couple of listings per day. I made the poor choice of buying half a semi load of small box Amazon "destroyed " by myself while working 60+ hours at my full time job. So although I have probably 2k+ inventory. I only have about 92 listed in my "biggest" store. BUT I started listing minimum 15 a day. 3 days ago I listed 47 in 3 hours

@lifechangerD

3 жыл бұрын

I'm rescuetoresell on Instagram dont make the same mistake 😂

Would it be ok to specialize in 3 to 4 products, instead of just one, say Sneakers, phones, toy parts then books on Amazon? Or is that too much?

Hello Jason, yes 2018-2019 i i made it from Alibaba to eBay US after fews months eBay canceled my account because of delivery time too long?. So i want to start agin but in the right way. Right now i do drop from AMZ to eBay. Thanks for your response

Plus we don't have to put with ebay's silly return policies

One new avenue for sourcing that I'm trying is buying wholesale/bulk on ebay. Took a good bit of time to weed through a lot of stuff but its there.

@RaiderNation86

3 жыл бұрын

I've been wondering about this, how was your experience?

@GunSlingerClyde

3 жыл бұрын

@@RaiderNation86 Definitely get ready to spend a few hours just researching. I would go through the listings and when I thought I found a good lot, I would search how that item was selling n go from there. What I found out to be careful about is some stuff is marked wholesale but when you do the math, it isn't really marked down much. So be on the look out for whatever profit margin you enjoy

@RaiderNation86

3 жыл бұрын

@@GunSlingerClyde I'm new to reselling, before I lost my job, I used to read alot of p&l statements and our rule of thumb was always 35% on the profit margin so thats what ive been following, do you have a specific margin you like to hit?

@GunSlingerClyde

3 жыл бұрын

@@RaiderNation86 That sounds like a good rule of thumb! I've only been doing it for a little over a year and just recently jumped into it full time. The lowest margin ill go is 20%. Depends as well with what items you are selling and how fast they sell. If I had the cash flow, I wouldn't mind making 10% on an item thats constantly selling and I can get from a good source. Chris talks about the 10/10/10 rule which is pretty interesting.

@RaiderNation86

3 жыл бұрын

@@GunSlingerClyde Thank you for the knowledge.

So, setting up the Company and getting the EIN number and the sales tax certificate..... The key part here is "setting up a company".... doesn't this cost a little money? And it needs to be done correctly so personal assets are protected from any issues that may arise from the business. Do you have recommendations for getting this initial part of the process started? Then.. once everything is set up.... because we are not paying sales tax upon purchasing items for resale, at some point sales tax does need to be charged. Ebay takes care of this, do most or all of the other online platforms do the same?

Thank you always get something out of your videos

@dailyrefinement

3 жыл бұрын

You’re welcome

What kind of product should I be able to find on eBay? I'm in Thailand, please ask for advice

hi, im a super beginner garage/thrift store reseller. my question is: if i dont have time to go to garage sales everyday to keep a high listing average, should i go for few high price listings or just go to garage sales once a week and by anything that has a minimum profit?

How useful/relevant would you say your course is for those in the UK? Thanks.

@dailyrefinement

2 жыл бұрын

same shit, different continent

I just got 20 trash bags full of clothes for $50

Weird thumbnail

If it's on zappos for less why are people willing to pay $75 more for it from someone on ebay? I'm not understanding a lot of this. I'm also not seeing the info in he title, what to buy and where to buy it. This looks like your asking people to help you build out a workbook that you will be selling.

Is it a software your friend Oliver use for poshmark ?

I have never gotten into selling clothes for one main reason, sizes. what sizes sell the best in clothing and shoes?

@loriphelps890

2 жыл бұрын

I have always had the best luck with plus sizes.Especially mens.Seems the big n tall stores charge alot,so they head over to Ebay of course

What is the name of your Facebook group again?

I got 100 books from Craigslist free.

@QuickFlipEric

3 жыл бұрын

now post each one on ebay and make some cash !

@numberoneappgames

3 жыл бұрын

@@QuickFlipEric it took me like 3 days to post all of them. I sold 3 so far.

@QuickFlipEric

3 жыл бұрын

@@numberoneappgames thats how it starts , you put in the hardwork , you get the hardearned cash ! gj bud !

@numberoneappgames

3 жыл бұрын

@@QuickFlipEric Thanks.

Thermal printer or laser for labels?

@dailyrefinement

3 жыл бұрын

Thermal

@swsgaming4878

3 жыл бұрын

@@dailyrefinement Alright, guess I will look into one after I run out of toner. Thanks

Hi Chris, I wanna get rid of all of my items in my Poshmark store. I'm over it! I dont wanna sell clothes anymore, its doesnt make enough money. I'm also looking for another catagory for ebay or I'm done with reselling.

@Tom-Travels

2 жыл бұрын

Hi Char Char! It's 10/13/2021. I'm glad to see that you are still re-selling. Did you close your poshmark store?

@charchar7897

2 жыл бұрын

@@Tom-Travels Hi Tom, I havent closed it yet but I dont list there anymore.

@Tom-Travels

2 жыл бұрын

​@@charchar7897 - Thanks for the comeback. May the rest of your day be sparked with joy, peace and happiness.

@charchar7897

2 жыл бұрын

@@Tom-Travels Thanks so much Tom. Same to you. What a kind soul you are.😊

zappos... RIP TH :(

365 day return policy wtf

@dailyrefinement

3 жыл бұрын

And they cashed out for a cool billion dollars. Weird how people are afraid of returns

Buying what everyone else already sells makes no sense ....

You’re in Houston??

@dailyrefinement

3 жыл бұрын

No, Oakland, but I want whattaburger

@henrontv4558

3 жыл бұрын

@@dailyrefinement whataburger is amazing but super greasy

@teerich2011

3 жыл бұрын

Eww! I prefer Checkers, but the burgers aren't as good as they used to be.

There is so many fakes on posh

Where is the link to your Facebook group?!

"Stick to one type of item" "Buy it all" Quite the contradiction but ok

How to join your Facebook group I don’t see the link

@dailyrefinement

2 жыл бұрын

Https://www.patreon.com/theresellerspodcast