I hope you keep going with reselling (and UA-cam) because I enjoy watching your videos! I’m very lucky because my local carboot is right behind my house at the local school and it’s a big one that lasts year round so my expenses are minimal in terms of petrol and I’ve been lucky some weeks to find so much cheap stuff I can’t physically get it all home on my own (great problem to have though!) but I will be following suit and doing my number crunching real soon. It was a hobby for me until now, not a business but now kids are going back to school I thought I would make it a proper business from September so I definitely need to know my numbers too. Not the first time you’ve done a video I needed at the time I needed it 😂 hope all is well Jay! Take care and don’t give up!
Thanks so much Stephanie, definitely get your numbers down so you know where you are up to when you can, it’s a real eye opener, hopefully you are making just as much or even more than you think fingers crossed 👍 appreciate your kind comments as always thank you!
Nice to see you back! Honestly some months are really tough man! ive been doing reselling for 7 months, I have around 500 active things, I can definatley say that some months are tougher than others, my best month I had 327 sales and made over £5000 ( before fees and product cost etc) which left me around £1500 profit. August (this month) has been woeful, made £2000 in sales which leaves around £800 profit. Although that does still sound good if I was doing this full time it would be hard going especially with rent fuel etc etc. Fortunately I work full time and this side Hussle is fun, however with aims wanting to pursue it full time, I either need a second income like UA-cam (passive) or really need to buy more stock. Im looking at swapping my items im searching for so buying higher value items at carboots such as cameras and trying to get a higher ROI (return on investment), so spent more but make more. Anyway, keep your head up, keep grinding and things will improve. I can definatley see sales going back up as winter is coming and Christmas rush! One last thing, I know this sounds obvious but its easily done and i'm guilty of this alot, but try not to have dead stock, so with me i buy that much stuff sometimes it takes me 2 or 3 weeks before its even listed on Ebay. As soon as you buy stuff try get it online as fast as possible otherwise you end up with money just sat there. Good luck and i hope your journey continues
Thanks mate great comment interesting to see someone else numbers, like you said hopefully sales pick up for us all as we get closer to Christmas! Good to see you back making vids too 👍
Bricks and mortar traditional businesses expect to take 3 years to break into actual profit. Assessing and finding solutions is always a good thing. Strategy and plans. Trial and error. You’ve got a good head on your shoulders Thank you for sharing the reality
That’s interesting I’ve heard something similar that 80% of small businesses go under within 3 years, so that makes a lot of sense! Definitely it’s important to adjust and pivot if something isn’t working, appreciate that thank you! I’ll always be honest and say it how it is 👍 Thanks for watching and leaving a comment!
Nice to see an honest seller,I do it with my wife as a sort of hobby, it's really hard if you wanted it to be a good income. We are hoping to go to Disney next year and sitting on about 7k this year and it paid for a fence at £3000. So yes you can make a bit of money but while I would love to do it full time I would need to sell £12,000k a month. I cannot find that amount of stock
Thank you for the great comment and it’s interesting to hear your side as well! That sounds great but you are absolutely right I struggle to find the stock to do it part time in winter when the car boots stop let alone to do it full time! Hope you get to go to Disney next year 👍
When costing things remember the golden rule it's £30 to list and sell 1 item because there are at least 2 hours work involved so even if you take a minimum wage job for 2 hours time it's over £20 and petrol costs as well as lighting and heating in the winter months tgese all have to be taken into account this is why people who do free shipping on £1 items are just paying to sell, it's more profitable to drop in bin. The minimum you should be selling is £15 items or £10 if related and you think or know the items will sell together. A good breakdown of this is would be to say £1 spent is your bill for listing on your laptop 😊
Where do you get 2 hours work per item from? I don't think I have ever spent 2 hours on an item in my life. But then my sourcing is not what you usually see in these videos. For example I brought a complete run of a certain subscription toy recently. Made a generic description that would apply to all and had all 105 items listed in the space of 5 hours. So far I'm 440 in profit from it and have a lot more to sell
I sell more bundles of items nowadays than I used to. Do book bundles, dvds, cds rtf can get some decent prices so you can build up items with as such individually lower value items
Yeah I think unless you already have a store or something then it's probably not to worth it, I had no idea it was going like that for you lad. That's nuts. we'll sort some stuff though 😉. Sounds nefarious but just as in work and stuff. You know what I'm on about 😅😅. Can't type atm 😅😂. But I'm gunna make sure my new job is more than worth it 👍. Then you can hop in yourself 😂😂
That’s it mate when you take all the expenses away and you do the numbers properly unless you are getting killer deals it’s hard to justify carrying on with things as they are atm, when you start your venture just do as I said and keep track of everything as you go 👍
Ebay is no longer a money maker unless u have a big store. I've sold a bit on private account. My own stuff. Ted Baker bags etc. By time ebay take their chunk. And there ever changing rules. I've decided to stop using ebay. My items got few views. I was a top rated private seller.. Then penalised because I wasn't consistent listing daily. I only ever sell if ihave a clear out. I decided to take my listing's down and store them for now. As it was stressful. I'm a carer and retired so it was a hobby and making bit of money. But I'm over ebay now. May try vinted next year. Wen I have items to sell. Good luck good honest realistic video.
Yeah you need to have lots of stock and list every day, my biggest issue is finding enough stock to list especially in the winter when the car boots stop, I hope you get some good sales on Vinted, thank you for the interesting comment much appreciated!
@@JayBranno9 I'm in the same boat, I'm reselling myself, just started and doing about 5800, 90 day total, just stopped selling whilst I sort out tax and ebay business accounts, my business is run out of my family front room amd very quickly running out of space 😂 boxes and stuff everywhere
I’d look at your figures differently. If your profit was £800 on items sold, what was the cost of goods for the items sold? Because that then surely accounts for the money needed for cost of goods during the month, so in reality you’re doing better than you think. I just look at total payouts - total spent 😊
I was doing that originally but then found I had less money in my payouts than I thought, so doing it this way I’m accounting for everything and it seems to be a better representation (for me)
It was high that month because I bought two bundles of cardboard boxes small parcel sizes off eBay, I’m not going to do that again I get my boxes for free from work now 👍 I’m an everything seller so I need a few different bits of packaging, thank you for watching and leaving the comments appreciate it!
Sounds like you might need to look at average selling price of your items if you did 98 sales in a month, maybe try to find a different kind of items to sell that command a higher average selling price, you could focus on buying job lots which will bring your cost of goods price per listing down rather than purchasing items individually.
Buy more list more sell more with eBay you get out what you put in I list 30 items a day and sell around 600 items a month there’s still plenty of money to be made on eBay if your willing to put in the graft
Hi. 800 quid wasn't your profit then. I urge u not to stop but drive on. Keep going. My suggestion is stop subscribing to ebay. My packing materials are almost zero you can get free stuff everywhere. Then maybe look at the quality of goods and the price you pay. Hope this helps.
Thanks! I’ve stopped buying cardboard boxes I get them from work now, and I go to car boots closer to home so I save on petrol, it might be worth me doing that actually as I only have 65 items listed atm, thank you for the advice appreciate it 👍
I hope you keep going with reselling (and UA-cam) because I enjoy watching your videos! I’m very lucky because my local carboot is right behind my house at the local school and it’s a big one that lasts year round so my expenses are minimal in terms of petrol and I’ve been lucky some weeks to find so much cheap stuff I can’t physically get it all home on my own (great problem to have though!) but I will be following suit and doing my number crunching real soon. It was a hobby for me until now, not a business but now kids are going back to school I thought I would make it a proper business from September so I definitely need to know my numbers too. Not the first time you’ve done a video I needed at the time I needed it 😂 hope all is well Jay! Take care and don’t give up!
Thanks so much Stephanie, definitely get your numbers down so you know where you are up to when you can, it’s a real eye opener, hopefully you are making just as much or even more than you think fingers crossed 👍 appreciate your kind comments as always thank you!
Nice to see you back! Honestly some months are really tough man! ive been doing reselling for 7 months, I have around 500 active things, I can definatley say that some months are tougher than others, my best month I had 327 sales and made over £5000 ( before fees and product cost etc) which left me around £1500 profit.
August (this month) has been woeful, made £2000 in sales which leaves around £800 profit. Although that does still sound good if I was doing this full time it would be hard going especially with rent fuel etc etc. Fortunately I work full time and this side Hussle is fun, however with aims wanting to pursue it full time, I either need a second income like UA-cam (passive) or really need to buy more stock.
Im looking at swapping my items im searching for so buying higher value items at carboots such as cameras and trying to get a higher ROI (return on investment), so spent more but make more.
Anyway, keep your head up, keep grinding and things will improve. I can definatley see sales going back up as winter is coming and Christmas rush!
One last thing, I know this sounds obvious but its easily done and i'm guilty of this alot, but try not to have dead stock, so with me i buy that much stuff sometimes it takes me 2 or 3 weeks before its even listed on Ebay. As soon as you buy stuff try get it online as fast as possible otherwise you end up with money just sat there. Good luck and i hope your journey continues
Thanks mate great comment interesting to see someone else numbers, like you said hopefully sales pick up for us all as we get closer to Christmas! Good to see you back making vids too 👍
Bricks and mortar traditional businesses expect to take 3 years to break into actual profit.
Assessing and finding solutions is always a good thing. Strategy and plans. Trial and error.
You’ve got a good head on your shoulders
Thank you for sharing the reality
That’s interesting I’ve heard something similar that 80% of small businesses go under within 3 years, so that makes a lot of sense!
Definitely it’s important to adjust and pivot if something isn’t working, appreciate that thank you!
I’ll always be honest and say it how it is 👍
Thanks for watching and leaving a comment!
Nice to see an honest seller,I do it with my wife as a sort of hobby, it's really hard if you wanted it to be a good income. We are hoping to go to Disney next year and sitting on about 7k this year and it paid for a fence at £3000. So yes you can make a bit of money but while I would love to do it full time I would need to sell £12,000k a month. I cannot find that amount of stock
Thank you for the great comment and it’s interesting to hear your side as well! That sounds great but you are absolutely right I struggle to find the stock to do it part time in winter when the car boots stop let alone to do it full time! Hope you get to go to Disney next year 👍
When costing things remember the golden rule it's £30 to list and sell 1 item because there are at least 2 hours work involved so even if you take a minimum wage job for 2 hours time it's over £20 and petrol costs as well as lighting and heating in the winter months tgese all have to be taken into account this is why people who do free shipping on £1 items are just paying to sell, it's more profitable to drop in bin. The minimum you should be selling is £15 items or £10 if related and you think or know the items will sell together. A good breakdown of this is would be to say £1 spent is your bill for listing on your laptop 😊
Thank you for the great comment and advice that’s really helpful, I completely agree with what you’ve said!
Where do you get 2 hours work per item from? I don't think I have ever spent 2 hours on an item in my life.
But then my sourcing is not what you usually see in these videos. For example I brought a complete run of a certain subscription toy recently. Made a generic description that would apply to all and had all 105 items listed in the space of 5 hours. So far I'm 440 in profit from it and have a lot more to sell
I sell more bundles of items nowadays than I used to. Do book bundles, dvds, cds rtf can get some decent prices so you can build up items with as such individually lower value items
Interesting that’s good to know thank you for leaving a comment!
Yeah I think unless you already have a store or something then it's probably not to worth it, I had no idea it was going like that for you lad. That's nuts. we'll sort some stuff though 😉. Sounds nefarious but just as in work and stuff. You know what I'm on about 😅😅. Can't type atm 😅😂. But I'm gunna make sure my new job is more than worth it 👍. Then you can hop in yourself 😂😂
That’s it mate when you take all the expenses away and you do the numbers properly unless you are getting killer deals it’s hard to justify carrying on with things as they are atm, when you start your venture just do as I said and keep track of everything as you go 👍
Ebay is no longer a money maker unless u have a big store. I've sold a bit on private account. My own stuff. Ted Baker bags etc. By time ebay take their chunk. And there ever changing rules. I've decided to stop using ebay. My items got few views. I was a top rated private seller.. Then penalised because I wasn't consistent listing daily. I only ever sell if ihave a clear out. I decided to take my listing's down and store them for now. As it was stressful. I'm a carer and retired so it was a hobby and making bit of money. But I'm over ebay now. May try vinted next year. Wen I have items to sell. Good luck good honest realistic video.
Yeah you need to have lots of stock and list every day, my biggest issue is finding enough stock to list especially in the winter when the car boots stop, I hope you get some good sales on Vinted, thank you for the interesting comment much appreciated!
Another way to look at this is…
£371 per month x 10 years at 4% compound interest is £55k.
That’s a better way of looking at it for sure! Thanks for watching and leaving a comment appreciate it 👍
Don't forget if you buy stuff from a bootsale you can't actually claim that on your tax returns as a cost, unless you have a receipt for it
Thank you for leaving a comment, this reselling business is a tough nut to crack!
@@JayBranno9 I'm in the same boat, I'm reselling myself, just started and doing about 5800, 90 day total, just stopped selling whilst I sort out tax and ebay business accounts, my business is run out of my family front room amd very quickly running out of space 😂 boxes and stuff everywhere
@@gravelbags2479 I can definitely relate to that! haha keep up the good work
I’d look at your figures differently. If your profit was £800 on items sold, what was the cost of goods for the items sold? Because that then surely accounts for the money needed for cost of goods during the month, so in reality you’re doing better than you think. I just look at total payouts - total spent 😊
What causes your packaging cost to be high? I’m a clothing seller and at 100 items per month I’d be spending max £10 on supplies
I was doing that originally but then found I had less money in my payouts than I thought, so doing it this way I’m accounting for everything and it seems to be a better representation (for me)
It was high that month because I bought two bundles of cardboard boxes small parcel sizes off eBay, I’m not going to do that again I get my boxes for free from work now 👍 I’m an everything seller so I need a few different bits of packaging, thank you for watching and leaving the comments appreciate it!
Sounds like you might need to look at average selling price of your items if you did 98 sales in a month, maybe try to find a different kind of items to sell that command a higher average selling price, you could focus on buying job lots which will bring your cost of goods price per listing down rather than purchasing items individually.
Yeah that’s good advice, Thanks for your comment!
Buy more list more sell more with eBay you get out what you put in I list 30 items a day and sell around 600 items a month there’s still plenty of money to be made on eBay if your willing to put in the graft
I would love to list 30 items a day but can’t find the stock to be able to do so, (that isn’t eBay’s fault!) thanks for the comment
Hi. 800 quid wasn't your profit then. I urge u not to stop but drive on. Keep going. My suggestion is stop subscribing to ebay. My packing materials are almost zero you can get free stuff everywhere. Then maybe look at the quality of goods and the price you pay. Hope this helps.
Thanks! I’ve stopped buying cardboard boxes I get them from work now, and I go to car boots closer to home so I save on petrol, it might be worth me doing that actually as I only have 65 items listed atm, thank you for the advice appreciate it 👍
I’ll buy your stock if you want rid
Thanks that’s good to know, where abouts are you located?
@@JayBranno9 Worcestershire
Ok thanks