Resellers Are Giving Up On EBay
Вставка
- Опубліковано 2 гру 2023
- Many people are giving up on selling on eBay because of a few large barriers placed before them. Reselling is still the best side hustle and eBay is the still the best platform to sell on, but you most overcome these challenges to succeed
My Reseller Genie Easy Tax Software:
www.myresellergenie.com/?ref=...
Sign up for What Not and get a $15 credit: www.whatnot.com/invite/jridef...
10% OFF POLY BAGS AND MORE jiaropack.com/jrideflips
USE CODE: jrideflips (all lowercase) FOR 10% OFF!
Join this channel to get access to perks:
/ @jrideflips
Listen to the books I frequently Reference with a free audible account trial:www.audibletrial.com/JrideFlips
I have never seen so many sellers and new videos complaining about eBay than I have recently. Long time sellers are leaving because of many reasons including eBay's growing greed with things like promoted listings, they continue to make their algorithm worse and worse, unexplained periods of time where nothing sells (servers down, throttling or capping of sales), lack of support and transparency for sellers, the constant need for activity gets worse with time while other platforms you list and forget it (most of us are part-time sellers but now put in full-time hours without the return in investment that we used to get back), etc. eBay rant over but I appreciate your informative videos.
I hear you. Thank you for sharing and broadening my perspective
yeah i agree with this. ebay takes way much more of my time to maintain than poshmark and mercari. Which is saying something considering people complain Poshmark is too time consuming because of the sharing.
I spend much more time on customer service/returns on ebay than on the other platforms.
Not to mention every time ebay makes a change I basically have to spend hours fixing my whole store. When they automatically opted me into business policies it created 30 different shipping and handling business policies and I didn't even realize it. When I tried to change my handling time to go on vacation, I had to go through and delete all the business policies and it was not a quick and easy process. Same thing with the change to ground advantage, it took me a good 2-3 hours to fix my listings.
I just don't feel like I get a good enough return on ebay compared to my other platforms...it mainly has to do with what I'm selling which is women's clothing. And I'm mainly selling to my generation which mostly doesn't use ebay.
Well said
Dont forget how they purposely keep you in lower seller scores to be able to charge us 38% more in sellers fees! And not to mention the money spent just trying to get seen again constantly
It's not hard to make money
Sellers should have the right to accept "returns" within 10 days the buyer receives the product and not 30 days
Man I missed those days of checks, money orders & no tax for sellers & buyers. It’s wild that resellers have to pay tax on an already tax items from the jump! 😅
SALES TAX collection "across state lines" is supposed to VIOLATE the INTERSTATE COMMERCE CLAUSE.
I have tried both Poshmark and Mercari, and have sold more on my return to eBay in 30 days than I’ve sold on both of those platforms in 2 years. We’ve found that Mercari shoppers are looking for dollar bargains for quality, new items…so not cool or profitable so I’m sticking with EBay!
I once got offered a tax at a yard sale. I'm not kidding. I walked away.
Yes Tax on second hand items where tax was already paid. Plus shipping plus whatever Ebay make up.. The only thing they don't charge for is window tax..
@@avwise4565 I've had such bad experiences as a buyer on Mercari I refuse to sell there. Every item received from Mercari was broken, looked like toddler packed it, or flat out sent the wrong item. It reminded me of eBay circa 2000.
I am over twice as old as you, and you are very wise kind sir! Thank you for this information. I recently retired and have been slowly building up sales on Ebay and FB Marketplace. You touched on all the topics that I need to hear! My pension doesn't go far enough...and frankly, finding resources and reselling them is kind of fun!
Exactly the same here, Im disabled so nobody will employ me so I turn my little income into an acceptable income and next year I'm getting a storage unit and getting into the next level, bringing in around $1000 a month net right now so hope to get that to $2000 a month net would be my next goal.
Yeah well dont forget the 1099.
It’s getting harder. It’s more stressful. I don’t even break even now. Really it is costing me time, stress and actually causes me anxiety.
Goodwill is a sham. Never give them anything. Never.
And (at least my local Goodwill) writes the price on the product in big permanent marker.
yup I call it the NO-good will/will do no-good...a so called non-profit that gets everything for nothing, don't have to pay for delivery, prices are way too high, cust service is dodgy, smells terrible inside, lighting is poor, prices are marked w/ hard to read stickers, there are NO returns and no exchanges and no negotiation (they will argue w/you on something they paid NOTHING for) and rarely any sales, if ever...a total SCAM...and CEO makes millions...boycott the bast...rds
I'm a seller from 1998. Boy, what a difference! Prices at Goodwill, etc. were so reasonable. You could sell everything quickly and at a great price. The ebay charges were very low, I think in the 3.5% range. I've had to start selling again because of a loss of income. It's really hard. I'm trying to learn as quickly as possible. Wish it was 1998 again.
Less scammers back then too.
Time machines ailse 6
You'll get there! People still love to buy things online. I have found it's all about momentum and listing great items every day. When you have knowledge and a good eye, you can make consistent sales. I've enjoyed seeing some of the unique not notable brand items sell very fast.
I swear we didn’t pay fees back in 98… I used to sell bits and pieces from around home and don’t remember fees back then.
I remember a listing cost and a VERY small selling fee. But you could list 20 items and sell 18. It sure is different now. I have 100 ads and almost no sales.@@lucielou7745
I purposely don’t sell items on eBay over $300 because I have zero faith they will make an object decision. They’ve made it clear a buyer can return an item within 30 days for any reason even stealing it or destroying it. I have already started the cross listing journey to move away from eBay. Love your videos. Thanks
Or longer. I have returns turned on Buyer pays shipping if they return for issue beyond my control. I had a guy buy a shirt wear it for 3 weeks. Then submit for a return and shipped it 2 weeks later. Said it didn’t fit. lol just silly.
I'm in the same boat. Actually I don't really list items over $100 on ebay. Which is fine because I can sell those items all day long on my other platforms with no bad buyer issues.
@@mayakoyama9130 yes the bad buyers seem to be prolific on eBay , im new only selling since August and an easy target so to speak. I had a buyer cancel after i accepted her offer , the item has a very high sell through rate so the cancellation is really no big deal as i know it will sell soon and for more $ The buyer paid at approx 2 am Saturday morning hoping i would ship Saturday then sent a message late Sunday that she wanted to cancel , it was not his size, bypassing eBays cancellation option she has. In the meantime i had already payed for the shipping label , before she sent the message, and had it prepared to ship Monday morning. Im quite sure she thinks it has been shipped. Thankfully i did not ship it ! So now im stuck until i reach out to eBay to ask them what i should do as their policy is i must ship it because she has not cancelled through eBay , if i cancel on my end it could possibly be a defect against me. Someone else tried the same thing but eBay told me i had to ship because she would not respond. So far that one has been no further action and hopefully eBay will back me up if needed as they did also see her message and that she was not responding as she was requesting i change the order to a similar but different item. Another buyer got an item for half price as she claimed it was damaged in shipping but she was fine with keeping it for half a refund , which i did do. Nice ! It was no great loss as i had zero cost other than my time and shipping so i still made a few bucks but the item was something i may never find again. Ive also had a return on a rare hard to find item claiming it did not fit, ummmm i do show the measurements , she did send it back in good condition but im out the shipping cost and a prime opportunity to sell a Dallas Cowboy item on Thanksgiving weekend ! ARRRRGGG ! lol ! I gotta get this block buyer thing going for sure ! as soon as i learn how to do it. In the end i get it , this is normal consumer behavior, fickle, and i don't have the experience YET !
I list over $300 items daily and have very little problems as long as you describe the item honestly.
Shipping. I semi package fragile or large items, so that I I am not way off in calculating it.
Returns can be discouraging, but they can be rare, if you are honest in your description and photos. Sometimes it can be that you lacked knowledge of the item and with no bad intention, gave wrong data about it. It's important to be careful in researching an item, as some items can look similar but are not the same.
On sourcing, be alert, you sometimes come across things laid by the garbage that have value. I have found stuff thrown at construction sites, alley way, and even left out at the apartment complex I live in, and no, it isn't a rich people complex. Yard sales, moving sales and estate sales can be the very best place to get great items at very low prices. I also by lots or auctions on eBay, and also buying stuff on Facebook marketplace, but you have to be very careful, because sometimes lots have lots of junk.
Promoted listing is good for general merchandise, where there is lots of competition. But if your Selling items that are the good brand names, vintage, collectibles, Antique, unique custom, you don't really need to promote much, I usually just do the 2%
Pricing, lol, you just need to see eBay completed sale and you will get a good Idea of what they sell for, you have to keep in mind, your particular item, is it complete, is it in good shape, this will add or take away from the market value. I believe pricing is super important in regard to getting sales, the other is the product itself, if a product has no demand or has only a small niche, then it will not sell for a long time or not at all.
I had the biggest aha moment this week when I looked up an item I was sorting as far as listing, donating, or selling at the swap meet. I scanned a TV series that had an insane sell through rate. I told my boyfriend I’m not going to inventory this because it will sell for about $55 by the end of the day. Not 2 hours later… CHA CHING. That’s when I realized I get it. I really get it. It took me hearing it over and over again and finally living it and realizing I no longer want to drag around low asp and low str items. I’m done. I’m doing this the right way from here on out. I am quite the slow learner apparently. I want to thank you for staying consistent and hammering it in. I get why you say it so often, it’s because it’s SOOO TRUE. Old dog, new tricks 🤜🏼💥🤛🏼
Gotta love the Aha moments I’ve had several reselling and I’ll have several more! Keep learning everyday!
How do you know and check sell through rates??
Been selling on Ebay for 20+ years, side hustle. Your videos are, by far, some of the most informative videos I've watched. Thanks!!!
Agreed! ❤
No matter what all these Ebay Gurus say about online reselling, it is a time consuming job. Between finding items, storing items, listing items, finding shipping material, packing up items and then sending them off by whatever carrier you use at the end of the day, you have spent a ton of time and effort. Sometimes I am happy that things are slow with online sales, because it gives me a break from dealing with all of this. I like to find items that have value, not only to me as personal use items, but letting them go as a reseller can give me some satisfaction that I have turned a profit on some of my time and effort. At no time did I ever consider this a full time job, just an entertaining hobby that lets me find unique items. If I wanted a full time job, I would have remained employed at my previous full time job and then punched out at the end of the day.
Its not entertaining anymore with a 1099
Who said business was easy?
@@robertweisberg5570 Some people portray reselling like it was all rainbows and unicorns that poop gold.
100% correct! I used to casually sell here and there in eBay but the beginning of this year I started selling more. It is exhausting work as you said! Finding the stuff cleaning it, never mind trying to store it so your house doesn’t look a hoarder etc….I’m averaging 56 hours a day at least. Might be the hardest job I ever had and I’ve had some tough ones.
I blame UA-cam not ebay for thrift/charity shops prices, you guys advertise what we sell things for and trust me charity shops are watching every channel on UA-cam for what's selling
Doubt it very much, I've volunteered at a few charity shops, and there's nothing quite like having to throw and smash donations to make people see a charity as a profit organisation . Volunteering completely opened my eyes to supposed non-profit organisations business practices, and I can assure you 99% of the staff or volunteers will not spend hours of their life trawling through videos to try maximise money made for ceo .
@@richardwestwood1812 if I'm honest I was talking more about the bosses of the company More than the volunteers, I've not met a volunteer I haven't liked in a shop
PREACH!!!!
All these people created all their own competition. So dumb.
@@richardwestwood1812 it's not the staff it's the higher ups, and they compile a list of items to pull for online sales based on BOLO videos, video games was one of the first things to be pulled this way when this method was used and they just kept adding to it. They give the employees said list and you pull the items if you don't you eventually get let go. All my local thrift stores even the small ones go by this method and also have their own ebay stores now. Goodwill in my area for example I've been going to for over a decade and know all the older employees, they started pulling video games when that craze hit youtube, now they've just branched off that since a big one they pull now is Harley Davidson shirts for online sales, if you sell harley shirts you know most of them unless they're vintage with a good graphics don't sell for much in the online market but they went off of videos where people found expensive Harley shirts and thus they made the list as a name just like video games, they don't have employees look thru every single one, they just do it by category. It's not like they have to spend hours watching videos you can just literally type in Reseller best sellers or BOLO items watch a few vids and make a generic list. We have a few smaller mom and pop thrifts in my area also i never woulda thought they woulda went this route but two years ago they've did the samething because they felt like they were missing out on more money, so they too now have a list they follow of things to pull and what makes the brick and mortar floor. They mark up all their vintage sports jackets now, they learned that from videos not randomly searching ebay lol.
Who cares who u blame hahahaha nbdy gives a single fuck who "u blame" IT ONLY HURTS YOU, doesn't hurt these resellers or ebay 😅
I’m 5 months in and I am not stopping. I enjoy all of it, even the learning. Thank you for all the great videos and info!
Thank you so much for your time and generosity of your knowledge in these videos. I appreciate all of them so much ❤️
For the past year I’ve listened and follow to many resellers, I’ve only listened to 2 of your videos (just found your channel) and IMO you’re the the most intelligent and informative. I’ll be listening to all of your content going forward. Thank you.
Thank you, Jride! You are so very appreciated. God bless you.
I really like your thought process. Definitely taking your advice into the new year. Thanks for the video!
I’m about ready to squeeze the trigger on resale, but doing my research first. One thing that should never change is the willingness to learn something new, and a genuine effort to make a positive change. Thanks for the tutorial and heads up- I wish you well as you do your audience. One thing I stopped doing is down talking myself. I learned 2 very important things here on earth. We are responsible for what we do. We are responsible for what we don’t do.
Many of us will have to unlearn much of what we’ve learned in our childhood, in order to succeed in our future. Starting to rant here, but the best gift in life is learning along the way, and using that knowledge to better ourselves, whether it be financially or psychologically and emotionally.
It is what you make of it!
Thank you for your sincere advice. Will definitely be taking it👍
Thank you for being authentic and real! There needs to be more of this in the reseller world! I'm taking away a lot of good info from this video! Thank you!
It's all about selling what people want and there will always be people with money who want things. It's super simple, but not super easy. I agree with you on the glitch complaints too - I don't experience them much and when they happen they are so temporary they are barely noticeable. All platforms have glitches. Good video.
Great tips. Sell thru rate is my most challenging task but definitely improving 👍👍
Thank you for the videos you are making. They are so very helpful to people who need a clear no-nonsense approach to selling on EBay. You are an excellent teacher. You seem to really care about others being successful in the online selling business.
Really good video/conversation.
My 2 cents is the reason sales have slumped for most resellers out there is because there are so many new platforms and competition that eBay has given up some of the market share to these competing platforms. Personally I have only sold on eBay and relented selling on other platforms for years so all my eggs are in an eBay basket lol. This upcoming year I will begin to cross list to Posh and I hope that brings in more sales.
I think another reason for slumped sales is that resellers who promote at higher rates usually get better results in sales, 4 months ago I began promoting no higher than 2.9% and coincidentally enough my eBay sales have gone down 25-30% since then when compared to same months last year but I am ok with that if it means more take home pay on the sales that do come in.
Good luck to us all however because there is a lot of doom and gloom predictions for our economy this upcoming year.
Thank you for your perspective!
I hate shipping on mercari because you can't revise your label after you have packed up your item. If you miscalculate - too bad.
Measure twice and a third time..just in case (we've had similar issues on Mercari) keep at it ,you'll be successful!
Excellent advice and great analysis. Thanks J
Thank you for all the information you give us! I’m trying hard to learn this business.
You just took me back to my macro- and microeconomics classes in 1987-88 with the prof telling us that "experts" were the people who talked about things the most, usually with phrases like, "I know more than he does." :-) Just subscribed.
I definitely needed this advice. Thank you!❤
Excellent educational info! Thank you!
Great video, Jake. It is truly something to think about.
Thank you. I appreciate you sharing your insight.
I appreciate your good honest video and all the tips. It really helps. 😎👍
Wow! This was a HUGE slap in the face for me as a New eBay seller. Thank you!!!!!!
LOL... Me too.
Your volume level is perfect now. I can hear you much much better now. Thank you for addressing that. I think eBay itself is pretty much easier now than it was 10yrs ago, but what is getting me is that Thrift Stores are starting to raise their prices to just about even with eBay asking or even sold comp prices. If that continues then eBay asking prices are going to have to go up too. Now I have to be very vigilant when I'm sourcing inventory at the Thrift Stores.
Is it getting easier or harder? Depends if you are swimming with the tide or against it. I thought my grandfather was the most stubborn man alive but there are content creators who would rather spend time trying to “trick” or “beat” eBay, then source high sell through items. It’s amazing
Thanks for your content brother. I live towards the Eastern end of Long Island NY and I notice the thrift shops out here charge pretty crazy prices for clothing. I started with thrifting and RA but doing a lot of RA and OA now so I’ve been out of the game as far as thrifts etc. Like an adidas zip-up for twenty something when depending the time of year or month of deals I can find a/tags maybe cheaper of same price. And we have Riverhead clothing outlets as well like 20-30 min away it’s like come on man lol. But again your content is A+ my sister has been trying to get into reselling I’ve been sending her your videos 🙏
eBay reimbursing the person who stole your camera is part of the problem!
Thank you for your videos, i learned a lot this past month.
Really great advice in this one thanks man.
My pleasure!
We quit this month after many years. Being forced to give out actual bank statements and photo ID to the 23 evil companies, including Black Rock, that own eBay was the final straw.
Why did you have to do that?
Can you explain your comment? I’m just getting started and this sounds very concerning!
You have to verify your identity and you do in every platform. Thank the government. Anyrhing Blackrock wants to know about you they will find out from lots of places not just Ebay.
Thank you for pointing this out as I was about to become a new seller. Will NOT give blackrock or any other evil entity this info. They use it for other intentions, and they destroyed real estate for young families wanting to buy a home.
Blackrock owns a share of every major company in the US market. It's called investing. They don't own ALL of eBay.
Thank You. Very sound advice!
I have sold on eBay for seven years. My sales were usually women's clothing for three years. Then, I started to sell cuttings of plants and trees. This is a lot of work. I have returning and referred customers for my plants. I want to sell small items. I will be 77 years of age next week. I love your videos and I have learned so much today. Hopefully, I can find small items to sell.
The key to any successful business plans is willingness to adapt, overcome and change. So many things have changed in the shopping world over the past even five years that we have to be able to adapt and overcome and change. That’s a good business person that’s why you’re successful. You constantly learn And you look and search for answers and you are willing to change the way you do things. I’m sure even over the year the past year you have changed things to make them work. I congratulate you and I appreciate you and you’re sharing your information. There are several of your videos that I’m going to go back and rewatch, especially sourcing videos because I live in such an isolated area That it’s hard to source in the winter time because of the snow in the blizzard in the closed interstate. I am blessed to have access to several thrift shops where items sell for one dollar, two dollars. Jeans are two dollars. But as you say, you got to find things that have a decent self rate or they’re not worth buying. Thank you again for taking the time to share your knowledge. Blessings.
I appreciate the response! Thank you for reaching out! And thanks for re watching my videos I hope that helps you, if definitely helps me!
Good video, I think Ebay gives customers way too much time for a return.
Shipping nor returns are an issue for me. I base my choice of shipping options on how much it costs and in 4 years have had maybe 4 or 5 returns. My problem is, for example, last month I thought I did really well until I did my eom paperwork and realized that with my supplies, purchases of stock items, gas, store rent, etc, I operated at a loss of like $30.
Great info!!! Thank you!!
Love this guys wisdom, always very helpful.
Great Video! Perfect advice. Thanks
I’ve been selling on eBay for 10 years now, only used automotive parts and it’s day and night difference. Everything is faster and easier to search. The knowledge of the world in the palm of our hands. People leaving eBay are either doing it wrong or have a broken system
hello im a upcoming resaler i ve started selling shoes and heard of vitamins i've thought of car parts but didn't know to much im trying to open my variety if you see this comment do you think you could gimme some tips thanks.
You sound like you may have sold 5 parts in those 10 years. Ebay's search is currently broken, unless you think buyers like seeing 1000's of sponsored items instead of the item they are looking for. How about chargeback fraud, or people buying a new part and then returning their used part back to you, oh wait, you sell used junk, you don't run into these issues.
@@stevenhaffley9852 sounds like what I said is spot on 😂 no need to get butt hurt
@stevenhaffley9852 how many times have you had a charge back or bait switch returned item? Been selling full time for 5 yrs and not had a single return like that or a single charge back. What r u doing wrong? Make moves not excuses, yall are always making excuses, figure amit out or get out, if others can succeed there is no reason youcan't, only thing stopping that is your attitude ,
@@Amandahugginkizz Want to put your money where that slit under your nose is, unless you're doing between $300,000 - $500,000 miss full time don't try to compare what you're doing to what I'm doing, you'll embarrass yourself.
I have been selling on the eBay platform for 22 years. The key is to be organized, list daily & lowest purchase prices is the key to profits. Always follow up with your customer service. Keep good records then everything will fall in place.
Interesting video. I think we also have so many more reselling platform options than ever before and we’re naturally going to prefer one over the other. eBay used to have limited competition, so you had to “like” it, but now with poshmark, whatnot, depop etc people can choose one that fits better with their style or personality. I feel eBay looks a little dated and feels like an older platform. I also think it missed a huge opportunity to pioneer live reselling. I still sell on eBay, but I doubt that I will be 5 years from now.
Thank You for motivation.
Excellent content thanks.
Awesome video. Thanks
I can see you want to help us. We are the problem much of the time. Thankks so much for the hard truth!
Great video and insights!
You are a rock star!!!!! Thank you so much❤️
Brilliant video 👍
You are correct about rural thrift stores prices being lower than the bigger cities. I have 5 local shops I go to all the time.
I'm on the DE/MD state line. MD charges sales tax. DE does not. Guess where I source from? Exactly.
I hear what you are saying, but if I find a Pendelton wool shirt in Aug and look up the sell thru rate its not good, but Im still going to pick it up. If you deal in clothing somethime it hits the trift stores out of season and you need to get it and wait. Big companies buy 6 monts plus out. just a thought
Great video!
Thank you ❤
I can't thank you enough for this video, excellent advice as always. Started selling in late July and had a handful of sales each week, After finding your channel and listening to your advice and taking action on your suggestions (and other youtubers), my sales have slowly built up to 3 - 5 a day, maybe not great numbers, but they're moving in the right direction. Personally I like the direction ebay is taking and have no issues with their fee structure or paying taxes, given the alternative of starting from scratch with a ecommerce or brick & mortar store.
Finally, I watch a youtube channel that speaks truth on promoted listings. I resell mainly men's clothing as my niche and I ABSOLUTELY do NOT mind paying eBay a few extra bucks to gain thousands in sales. I promote across the board similar to you at 3% and do not want to put in the effort of knowing which ones need more or none of the Promoted listings, so I simply manage my promoted listings via the Marketing feature across the board
Outstanding video mate!
Awesime video this is great!
Great video 👍🏼
The thrift shops in NYC are full-blown retail, sometimes higher. I constantly see houseware items selling 10 to 20 percent above Target/Walmart prices. The only thing you can get a deal on is furniture; the shops are so small they have to move large pieces the same day because they don’t have the room to store them overnight.
Finding stuff to flip is harder from increased competition and sources becoming more wise.
The most important skill and part of the business is sourcing. If we get better at this everything else falls into place
@@JrideFlips The most important skill ...this is why you almost never see videos about this "most important" aspect on YT. Instead we get the If I knew now what videos. the Haul videos crack me up. the best ones are where they WERE there first, found the patagonia and vintage levi jacket, and then stage the scene as if they just strolled in off a hangover at 2pm and found the stuff hanging there.
My favorite places you will never find in an urban area are the rural garage sales. Where they walk up and there's a box full of new unopened xbox games for a buck each. Or vintage levi jackets hanging from a tree.."would ya take $10 for all 5?' Nothing has killed the business worse than these fake scenarios.
That's why I watch these resellers is to learn what to look for. So I know more than the other resellers.
Some days I love my thrifts and some days I hate them lol, it's just luck of the draw. Sure prices are high but they're high at the grocery store too lol. Some daysd I leave with two bags and like 18 items for 24 bucks and somedays I leave empty handed. I think the important part is sticking to your guns and if that's passing up good stuff because of bad pricing then you do just that. A couple of the goodwills around me have reaaaaaally gotten outta hand with their 'select' racks, but that's something they have to live with. They're literally pricing out people who just casually shop and want to find cool stuff for themselves AS WELL AS pricing out re-sellers by trying to take a piece of our profit margins on these things. Just let that stuff sit.
Love this video.
Returns we all hate them!! But you’re right don’t let it stop you from succeeding.
Absolutely correct but how many sellers will listen and take responsibility for their own success.
The percentage is usually low across all situations and industries unfortunately
I’ve been here a little over a month when I started selling stuff after combining homes with my partner. Now I’m addicted. I’ve always loved thrifting. Always been a collector naturally (vintage clothes, antique furniture) the fees are frustrating, that you make good points about the platform and provide the services they provide. Since November 2 I’ve had 36 sales gross profit over $1500 I’ve had zero returns, but I have had to cancel a couple of orders.
One I somehow missed calculated for they miss calculated the shipping and handling of a pressure cooker and would’ve lost my money. She was cool with it. Similar situation happened again so definitely interested in the scale and measure before deciding on shipping. Thx
The shipping option (I don’t know the items weight or dementions) is forced and fees are what drove me to quit, but eeven apps like mercari and poshmark are copying ebay shipping fees.
Bought a junior golf club for $1.99 sold it for 24.99 free shipping, I paid $7 in shipping.... guy wanted to return it... then out of nowhere he canceled the return... pretty sure he got to the post office and they tried charging him an absurd amount ...most likely around purchase price
Hi, It's totally true 👍 that we are responsible for our own business! We are liquidating our inventory and are looking for items that have a fast sell thru rate! It's our goal for 2024! Have a great week 👍!
Very good advice. Ican see why you're so successful at 28.
Hey thanks so much!
To be honest I think it's a lot of the UA-cam channels that give false hope to beginners. Obviously if you share all your information with people they're going to do the exact same thing you do which creates more competition in the marketplace. In turn less sales. I'm sure most of the UA-camrs that share their information think they're helping people (which is noble) but it saturates the marketplace. I personally sell used lawn mower parts so I don't see a lot of competition and I haven't had a dip in sales but the traditional thrift store / garage sale routine is going to faze itself out. I don't think the UA-cam money is going to be worth it in the long run for the damage that all the eBay influencers do to the marketplace.
This is EXACTLY what happened to the bath and beauty industry.. a few handful of UA-camrs ruined everything by giving out recipes and proprietary information and the rest is history. Very saturated market now. Closed my business 2 years ago.
Thank u
FYI - my local GW manager told me they get lots of inventory this time of year because people tend to do cleaning out before the end of the year. I've noticed this at the GW bins too. December the bins are crazy packed with inventory. And I agree, reselling isn't for the weak. You have to be up for hustling and a lot of reseller curious people are not up for it.
Noobs think it's fun and easy. A quick way to make some cash. It is if that's all you're interested in. If you want a steady stream of income then you have to treat it like a job. Not everyone is cut out to be an entrepreneur. You don't have a supervisor standing over you to make sure the work gets done. You have to be a self-starter and a self-motivator.
I'm thankful that entrepreneurship is in my blood. I have a professional services company for nearly a decade. Reselling is a fun gig and when i get into something it's all I want to do. Lucky I guess! I can't imagine it being any other way.@@terryl.cooper
Same here i quit reselling soooo much effort for little return too competitive power of knowledge etc kilked resellung.
I feel like its getting easier... Though I have to admit watching yours and other reseller videos has helped me pick up some new tricks that have definitely made it a bit easier. Going on my second month of being full time again and my only regret is not starting eariler...
work smarter not harder. nfts are the way
Who in the world keeps tract of spending on things for personal use like a hair dryer? I don't even keep them for tools or electronics.
I find the opposite with my items, eBay seems to be pushing low cost items more this year than last.
I don’t know if it’s harder or easier because I just started this year. However, I actually like eBay’s shipping because I can use it to offset some of the fees if I price things well (with eBay’s discounts on shipping).
Exactly! Once this is learn and implemented it tough to let other platforms take care of it because you know they’re the one getting the cream on top instead of you
Yea agree. I don’t remember being rattled by shipping at first. It was more ducking scammers and returns for people swapping parts/ items. I loved shipping from the get go. The discount covers my shipping supplies/ fees on shipping. That’s kinda what I see it as.
I think it's getting difficult for many reasons...alot have quit for live selling, less people can afford to buy,and ebay has been messing up with its updates and the system is all over the map. Ebay also quit promoting the platform as well. They use to put money in it but now it seems they are taking more money by the promoting items and promoted to be seen on Google etc. All we can do is just keep at it. Plus you got amazon which is taking over. And then there are bad sellers who ruin it all....ive had alot of bad buys....items never mailed or got something that wasn't what they said it was...as soon as I sell I run to pack and send....
Ebay is more interested in making money off the sellers. They will push the worst sellers to the top if they can get a bigger cut. They had swiss clouds shoes, and the top seller was from China, who was scamming and shipping empty boxes. All the reviews were screaming scam, but eBay still had them at the top. While I have top rated 100% feedback, 7k plus reviews. My shoes were off the front page, lol. They will slowly die from this business model.
Amazon takes a larger chunk for fees and they also restrict you on alot of items. Look at some youtubers who are big that use Amazon some of them are even restricted in a simple category like dvds lol. Amazon is the biggest for new goods sales, but used goods ebay beats them by like a 80% chunk in the market. Like he says in the video most of the time ppls ebay sales are slow it's because of them not the platform, either their items are priced wrong, they were lazy with pictures, etc. I don't know how many times i look at items listed and over half of them have 2 to 4 pictures with a one sentence description.....that's just lazy.
@@bayouboyentertainment2106yesssssss amazon will never be the place to go to buy unique 1 of a kind or rare items, and it really does take more then half when people sell on it its insane.
I cant believe i missed this one! Do people still do spring cleaning?! I still believe the economy is going to be great and so far my optimism has been rewarded. You always have great tips! Thanks!
I think a lot of people try to resell and bottom line not everyone is good at it. There are so many UA-camrs and people making reels that make reselling look easy. So everyone thinks they can do it. It’s not easy. It’s constant self motivated work. Selling on ebay changed my life 100% for the better.
Yep. Not everyone is disciplined enough to run their own business. They think it's one long yard sale and it isn't. *It's a business*.
Going on 3 years selling on ebay and teetering on the leaving in Jan. BUT - and heres the rub - I cant find anything better. Ugh! You are not wrong , although I like to complain and think you are wrong. There are a lot of advantages to selling on ebay. Its also a LOT of work. And a lot of chaos in my life. But I am making about $1000 a month and if Im going to stick around that needs to increase without more work. Need to work smarter not harder. Thanks for the encouragement! You are AWESOME!
If you started 3 years ago, then you also need to consider that you started during one of the best times to be an ebay seller. Covid was a great time for resellers, so using that as your baseline can lead to false expectations of what "normal" really is.
You can choose to not offer returns. I don't, even for clothing items. I've never had a problem. The only exception is if an item arrives damaged but I require photos and even then I just file a claim with the shipping carrier and get a full refund.
thank You. like 100%
Ive been very very inconsistent listing lately. Some days nothing at all. I am currently sitting at 32 items (6% of my whole store!) sold between Friday afternoon and right now. Get the algorithm mentality out of your head, in my opinion. Focus on quality of item and quality of listing and you cant go wrong.
Huh. You may be right. The slow sales days mess with my head and I KILL myself to be consistent. It's tough.
@@terrigeorge4279 Ive been focusing on items with 80%+ sell through rate because I dont want to take up too much storage space and needlessly inflate my listing count with junk. There are outliers like seasonal items and items that are unique/rare, but for the most part, things are moving quickly.
Ive added clothing to my store recently, and thats been pretty good as well.
Yeahhh im trying to hold on
I like this guy. Everything he says jives with my experience.
I've been doing it for 18 months. I am getting better at handling my business, so it is getting easier for me. Cost of goods has increased, that is making it harder, but prices change that's just business.
I just do a flat rate shipping. Sometimes I get like .30 cents and sometimes I lose a couple bucks but I think it evens itself out. In the long run.
Keep in mind, you have to "make" at least 15% on all your shipping or after ebay fees (yes, ebay charges their fee shipping you collect) you are actually losing money on shipping each time. For example, if your cost to ship is $10, you need to charge at least $11.50 to the buyer.
Newbie here. How does one calculate sell through rate? Also how do you estimate shipping costs when "calculated shipping" is not offered on the platform? Lastly is there a minimum price point below which fees make listing non-profitable? Thanks. Great video!
I agree with a lot of what you say but I will pick up a 1000% margin item with a slow through rate over a 50% margin item with a fast slow through rate. I actually like a mix of high and low sell through rate items. One additional point is the slow sell through item has to be easy to list and ship and not take up a lot of space in my inventory.