I sold on ebay in the past, doing random things when we needed quick cash, or just needed some space. I've been watching your videos basically all day everyday for the past month. I have almost filled a notebook with all this amazing advice! I'm a 32 year old mom from Minnesota who also lives w/ a severe chronic pain disease. My "why" is because I NEED to make an extra income. I can no longer work due to my illness & mounting medical bills. I'll be honest. About 2 months ago I was in a really dark place. You have inspired this mom/wife to really dive deep, make this fun & make this profitable while also giving back to my community children's theatre. I already have a 14% STR with an ASP of $22. I know this is just the beginning but with your tools I can see the light again. THANK YOU!
I love this podcast! I have a somewhat smaller store and streamline what I purchase and keep a variety of the same style that consistently moves. Its also a garment style that I love so I enjoy all parts of working with them
Great guest, so informative, thank you, Chris! So interesting to learn the different & creative ways resellers run their businesses & expand my knowledge, so many ways I've never thought of people are out there doing!
6:06 I love that he made a point on having fun and enjoying it because if you get too serious and you get uptight, and you have to nickel and dime and you have to have a spreadsheet, you might just need to do that anyway, but you know what I mean like if you get really intense about everything as far as profit, and being overly business 👨💼 like taking out the fun of it then you know that it’s not worth it right so I love that he mentioned that clearly.
the estate sales need extra help on the actual sale dates, I help on at least one of those days. It pays around $15 hour and I always find things I want to buy to resell and owner normally gives me a one price for all. Estate sales have a good future as a business. the realtors want the houses cleaned out to sell, the family wants what they can get $, everybody wins. I see this as a exploding business. and it is a good sourcing method.
I feel like I have a smaller store, I run my eBay business part time as I do have a full time job. Run about 800 listings on average with 9-10k gross per month on average. It feels pretty manageable and I just can’t source more than the amount my store sits at now!
The thrift stores on Long Island (New York) have JACKED their prices up like crazy. I don't usually tell people that I am a reseller because they get a bit pissy with me. I went to an estate sale and the prices were INSANE. Not even worth it. I have to find another place to source. Thanks for the info guys!
Customer service is PARAMOUNT and I concentrate on that with all of my buyers. I think they really appreciate when sellers go the extra mile. I know I do as a buyer too!
EBay fees and going up. Promoted listing is costing more. Yet overall business and traffic is way down. Etsy has taken over of my revenue share. Using ebay feels like using something built in the stone age.
Ok so i got allot of value from this right off the bat because i have the free inventory problem. Though i dont consider it free anymore because iv been paying for storage for almost a year . I have thousands of items that i got free from work with some of it being really nice stuff and others being low to mid end. I never thought about the auctions since it was free cuz i have that little voice in the back of my head saying its worth a good amount dont risk it. I had bad luck with auctions in the past so i avoid it . I really need the space now though so i think im gunna start turning and burning with auctions and roll the dice.
I watch metrics, I mess around with everything everyone says. And items have totals of 50- 500 impressions . Not views! Impressions! The eBay algorithm is horrible if it doesn't recognize your account
I'm curious why you have such an issue with donating. 1. You talk about not wasting time on junk items, but then you say do everything in your power to waste more time on those items that are obviously junk in order to get the sale? 2. Tons of resellers get their items from donation stores like Goodwill and other places, So by donating back the items that refuse to sell no matter what, you're actually helping that store stay in business so you can find more items in the future. I absolutely love your content and your perspective on most things, This is just very odd to me that I've heard you be very adamant about in several videos and I think it's just an odd contradiction to the rest of what you teach. Most of the channel is about effeciency and effectiveness, not re-doing things, not cross listing, not wasting time on bad items. But then you're just so against getting rid of bad items, and you talk about trying real hard to do anything you can to get the sale..... But dude, At some point the item just isn't worth it anymore. As well, im pretty sure every poor item left in your store hurts the algorithm a bit for every other item, which is yet one more great reason to donate items you're only gonna break even on. Every item we have takes up mental space and adds a bit of stress, no sense in decreasing the length of my life so I can spend 3 more months changing the title on a CD Folder so it can sell for $4. Just donate the dang thing, goodness.
@gokou135 I have same thoughts. I donate to actual local charities who can use the item, not necessaily resell it. I think it helps with karma, your business, taxes etc.
I sold on ebay in the past, doing random things when we needed quick cash, or just needed some space. I've been watching your videos basically all day everyday for the past month. I have almost filled a notebook with all this amazing advice! I'm a 32 year old mom from Minnesota who also lives w/ a severe chronic pain disease. My "why" is because I NEED to make an extra income. I can no longer work due to my illness & mounting medical bills. I'll be honest. About 2 months ago I was in a really dark place. You have inspired this mom/wife to really dive deep, make this fun & make this profitable while also giving back to my community children's theatre. I already have a 14% STR with an ASP of $22. I know this is just the beginning but with your tools I can see the light again. THANK YOU!
I am lucky to have an ongoing smaller store no more than 250 listed and get daily sales, you can't get any better.
Nice right on the dot with the free listings per month. I'm gonna be in the same boat as a part timer
I love this podcast! I have a somewhat smaller store and streamline what I purchase and keep a variety of the same style that consistently moves. Its also a garment style that I love so I enjoy all parts of working with them
Great interview with Matt. Good conversation💫
Great video, smaller store & enjoying the process. Great words to live & resell by
Matt is a great addition on the beginner/foundation call. Great job both of you!
Great podcast, Chris and Matt, thanks so much! 🥰
GREAT Show Chris. It was inspiring to hear Matt discuss his Journey -- and to realize that a lot of us have had similar experiences. Thank you!!!
Great guest, so informative, thank you, Chris! So interesting to learn the different & creative ways resellers run their businesses & expand my knowledge, so many ways I've never thought of people are out there doing!
21:00 Great tips on networking genuinely with people that can become your suppliers.
Everything seller ftw! Love finding random stuff and learning what sells from different categories.
6:06 I love that he made a point on having fun and enjoying it because if you get too serious and you get uptight, and you have to nickel and dime and you have to have a spreadsheet, you might just need to do that anyway, but you know what I mean like if you get really intense about everything as far as profit, and being overly business 👨💼
like taking out the fun of it then you know that it’s not worth it right so I love that he mentioned that clearly.
the estate sales need extra help on the actual sale dates, I help on at least one of those days. It pays around $15 hour and I always find things I want to buy to resell and owner normally gives me a one price for all. Estate sales have a good future as a business. the realtors want the houses cleaned out to sell, the family wants what they can get $, everybody wins. I see this as a exploding business. and it is a good sourcing method.
So much value in being good at what you do and enjoying the process 👌👍🙏
I feel like I have a smaller store, I run my eBay business part time as I do have a full time job. Run about 800 listings on average with 9-10k gross per month on average. It feels pretty manageable and I just can’t source more than the amount my store sits at now!
The thrift stores on Long Island (New York) have JACKED their prices up like crazy. I don't usually tell people that I am a reseller because they get a bit pissy with me. I went to an estate sale and the prices were INSANE. Not even worth it. I have to find another place to source. Thanks for the info guys!
Customer service is PARAMOUNT and I concentrate on that with all of my buyers. I think they really appreciate when sellers go the extra mile. I know I do as a buyer too!
212 listings with 223 orders and 250 sold 90 day at $16+k extra part time
I need to step my game up, im at 90 listed, 37 sold, 9k in 90 days
Love the interview. 100% agree.
Thank you, thank you, thank you from Australia! I ended 30 of my low value items and the next day sold an item I had listed a year ago! :D
The rich neighborhoods around here (Long Island) have VERY EXPENSIVE prices. It's nuts too....I have to move somewhere else...lol!!!
I can relate to this. Great episode.
For the CDs, lot by artist or genre. That’s the best way to get rid of low end ones.
Great interview!
Great information...thank you!
EBay fees and going up. Promoted listing is costing more. Yet overall business and traffic is way down. Etsy has taken over of my revenue share. Using ebay feels like using something built in the stone age.
what percentage do you take from people when you sell things for friends or family? Im thinking 50!
What would you consider a small store?
500 items. Anyone can get a bunk bed and store that much. It costs no storage space
I consider all stores under 3k items small
@@dailyrefinementyes! I’m still small lol
I’m sorry if I missed the obvious..but is there a link to his store? I want to check it out
loved this one!
Ok so i got allot of value from this right off the bat because i have the free inventory problem. Though i dont consider it free anymore because iv been paying for storage for almost a year . I have thousands of items that i got free from work with some of it being really nice stuff and others being low to mid end. I never thought about the auctions since it was free cuz i have that little voice in the back of my head saying its worth a good amount dont risk it. I had bad luck with auctions in the past so i avoid it . I really need the space now though so i think im gunna start turning and burning with auctions and roll the dice.
Great content, souch
Great stuff! Suggestion, you should link your guests social media info somewhere on the page?
Is this a Savers in Dublin, where they take items in the back and sell good things on eBay?
Thank you!
This was great
Hello Chris.
I watch metrics, I mess around with everything everyone says. And items have totals of 50- 500 impressions . Not views! Impressions! The eBay algorithm is horrible if it doesn't recognize your account
I'm curious why you have such an issue with donating.
1. You talk about not wasting time on junk items, but then you say do everything in your power to waste more time on those items that are obviously junk in order to get the sale?
2. Tons of resellers get their items from donation stores like Goodwill and other places, So by donating back the items that refuse to sell no matter what, you're actually helping that store stay in business so you can find more items in the future.
I absolutely love your content and your perspective on most things, This is just very odd to me that I've heard you be very adamant about in several videos and I think it's just an odd contradiction to the rest of what you teach.
Most of the channel is about effeciency and effectiveness, not re-doing things, not cross listing, not wasting time on bad items. But then you're just so against getting rid of bad items, and you talk about trying real hard to do anything you can to get the sale..... But dude, At some point the item just isn't worth it anymore.
As well, im pretty sure every poor item left in your store hurts the algorithm a bit for every other item, which is yet one more great reason to donate items you're only gonna break even on.
Every item we have takes up mental space and adds a bit of stress, no sense in decreasing the length of my life so I can spend 3 more months changing the title on a CD Folder so it can sell for $4. Just donate the dang thing, goodness.
I'd just rather sell it, then take an extra trip.
@dailyrefinement Appreciate the response 👍
@gokou135 I have same thoughts. I donate to actual local charities who can use the item, not necessaily resell it. I think it helps with karma, your business, taxes etc.
Hit the like button 👍
Early. 🤣
eBay is the worst company in the planet. I wish I had the time and patience to expose their utter incompetence and ignorance.
Oh boy!
Translation: my eBay store sales are terrible. Got it, sorry to hear that.
@@cekz5199😂😂😂
Great stuff, thanks!
Thanks for the information!