Are You Going To Fail At Reselling on eBay? YES! & It's OK
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- Опубліковано 10 чер 2024
- The fastest way to become proficient at reselling on eBay is to learn from you mistakes. In this video I cover some of the easiest mistakes to make and how they all work together to make you work-from-home business just that much stronger.
THANK YOU SO MUCH TO EVERYONE WHO HAS HELPED SUPPORT THE CHANNEL BY USING THE LINKS BELOW! YOUR SUPPORT HAS BEEN NOTHING SHORT OF HUMBLING.
Here is the List Perfectly link! Use this to save 30% your first month! It is an affiliate link. That means that I will get a commission if you use the link and sign up for List Perfectly.
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OR
You can always use my code: ChaChingKing
Disclosure: Some of the links below are affiliate links. This means that, at zero cost to you, I will earn an affiliate commission if you click through the link and finalize a purchase. As an Amazon Associate I earn from qualifying purchases. Remember what I said in the video, don't buy ANYTHING that you don't have to.
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AND...for anyone who has actually read to the bottom of the description, here's a link to the book I wrote for Melody way back on our 25th wedding anniversary. It isn't reselling related, but it's definitely about the two of us. It is light-hearted and a SUPER easy read. More fun than educational.
How To Be Married Forever: www.amazon.com/dp/1723993379 - Навчання та стиль
Something I did before starting out was, I would take photos of items at shops I thought may be something and I looked at auctions and then looked up the listed vs solds on eBay. It really gave me an idea of what to look for but also what wasn't worth picking up.
It is better to pick up 10 high profit items than 40 low profit items. The same amount of work goes into both. I like to triple my money so that 1/3 takes care of all the costs and the rest is my wage.
I sell vintage breakables mostly, glass, pottery, ceramic dinnerware, etc. Once I bought a milk glass Easter Bunny mug for $1 and sold it for 90. Had no idea how rare it was but I had the feeling it was something because I had never come across it in person or during research.
And finally, get over your FOMO. Trust all of use resellers when we say.....there will always be more treasures to find! ☺
If any one else reads my response to this comment...THESE ARE ALL ROCK SOLID PIECES OF ADVICE. ROCK SOLID!
New reseller here. I just listed a pair of 19 year old Tommy Hilfiger khaki pants on eBay. I laughed when you mentioned vintage Tommy Hilfiger - they came from my own closet though and don’t fit anymore. I didn’t buy them to resell. 😊
Reselling is helping me clean out my own closet!! I have nice things / just don’t fit or don’t wear them anymore. Not expecting to make a fortune off the pants - will be nice to recoup a little money.
LOL...I hear you and think you have EXACTLY the right attitude. The vintage Tommy that used to bring really big money was the stuff with huge spell-outs and big flags. That stuff was CRAZY for a while. Tommy is still a good brand to sell. Just not ridiculously high like it once was. :-)
My biggest problem is depression. I get these days where I'm motivated and list like 10 things a day, like 4 days in a row, and if nothing sells, I think i'm wasting my time and stop for like a week. I get really discouraged and feel awful. Then I try to distract myself by going to coffee shops and watching youtube videos thinking, at least I'm doing "research". Getting through that part of having no motivation is the hardest but if I would at least sell something i'd feel better about it. I used to sell on ebay with no problem back in like 2001. Now it's like pulling teeth and lowering my prices really far down just invites more lowball offers that would actually make me lose money.
Thank you. I started selling on ebay at the end of March and I just had my first return and was little depressed. Your video really helped. Thank you again.
No doubt! I have been exactly where you are at. It seems that summer can be the hardest, too, depending on what you are selling. I usually tell myself that someone else out there is selling stuff. And if they can...I can. I just need to keep working to find out what is selling and for how much. You've got this!
Returns are incredibly discouraging. But don't let it soak into you. It is nothing more than a road bump that you can and will get past.
My very first sale was an epic fail. Maybe $1 profit on a $20 sale, returned as inauthentic(falsely)…I lost the receipt, had an old address as my return address. Lost the money, lost the item, took a hit on shipping both ways. But I refused to let it get me down. 5 years later, still selling.
Oh no! You learned too much too fast!!! 😆
One more mistake …paying too much for an item upfront without looking up the resale value. 😅
100%
I’ve learned to implement my shipping together will item sell price so I list as free shipping and sell a lot faster. Using my scale and dimensions helps a lot also 😊❤
There are definitely benefits to offering free shipping.
Excellent video, thank you for sharing your experience and allow us learn from you. Thank you so much!!!!!!
So nice of you
I genuinely appreciate your advice.
I appreciate that!
This video was perfect timing :) I wanted to look into the label printer bc I used to enjoy printing + taping, but not anymore. I didn’t tho, see the simple tape dispenser u like. I have the one listed but would prefer the simpler one + Dollar Tree no longer sells that size.
I use a standard 2" wide tape with the 3" hole for my packing tape. For my labels, I use a standard 4"X6" label. I hope that helps!
Thx much… I was speaking of the tape ‘dispenser’ tho. U mentioned it in ur video… that I fell in love with when I started reselling again this yr: “What Supplies Do You REALLY Need As A New Ebay Seller?” (at the stamp 5:00). The easy dispenser.
I’m looking forward to your “list of responses”document. You made a video a while ago where you listed some of these prepared responses. I copied them onto my desktop but I was heartbroken to find that when the computer died I LOST them! I’m not sure where your community page is though. I hope you will also share then on UA-cam. Thanks for all your help..
Here you go!
Yes, I gave some of them out previously. But I've been typing them up into a document. If people find it helpful, that's awesome. :-)
ua-cam.com/channels/ilBVuFKUq3s5G8oeyMlamQ.htmlcommunity
Good teaching. I’ve learned quite a lot watching your videos. Thank you
So nice of you
You forgot the other Tommy! Mr Bahama! 😂💕 I can’t wait for the document!!! 🎉
LOL
Me too ❤
Me too.
Thank you for your usual sound advice!
I really appreciate you.
I'm new to reselling and understanding the shipping was the hardest part until someone mentioned the ebay shipping calculator. I now keep this open in a separate tab so I can check how much a package will cost and whether to use USPS, Fedex or UPS. Also using this has shown me why some items I had listed weren't selling because nobody is going to pay $30+ to ship a $30 item 😂. I took those items down and will have to sell locally.
I mentioned the shipping calculator in a recent video. Like you, I think it's a tremendous tool.
I woke up this morning thinking I am so tired. I don't have the strength to take photos or list, then I saw your video and I feel much better. Thanks!
You got this!
@@TheChaChingKing I appreciate the encouragement.
Thank you so much for sharing your wisdom
From day one… I have written down one or two of ur go-to answers, as well as something u put in ur description of expensive items 😊
Anything I share is yours to use if it's helpful. :-) That's like the best news ever.
Hey Scot: Another great video...LOL...20+ years selling on eBay, and I have made all the same mistakes that you just when over...but my biggest mistake was when I first got started I used eBay's name as part of my username...i.e. *****eBay***** I forget what it was exactly but within a few hours I got a letter from eBay saying NOT to use their name in any way, at that point I had not listed anything yet. And yes using "Velcro" in my title was another one that I got a smack on the wrist for using...like you said, you will make mistakes along the way, most of the time it's not going to cost you your store if you only make it once. One more thing you said about having your item ready to ship when you list it...I sometimes sell big items not having it ready to ship can be very stressful when it sell, and yes it seems like if you don't have it ready to ship with the right box and padding it will sell faster, almost every large item I sell is pre-packed ready to ship or at least I have a box ready and a very good idea how much it's going to cost to ship. Helpful Hint: When you are taking pictures of your item take a photo with it on a scale, take photos of a tape measure of the box and a photo of there it is stored, i.e. shelf, closet, that information helps me when I go to list the item. Thanks for bringing up all my mistakes that I have made in the past...
Oh man, we have both been there. LOL Sorry to dredge up painful memories. :-)
*Thank You for kindly* *offering to write me a*
*NY Times No.1*
*Best Selling Novel* ✍️
*for my new*
*Coming Soon" eBay* *business, Scott*
🤓🥳😅
*Sorry* 😬🙄
*I meant, AKA*
*ALLIGATOR DUNDEE* 🐊😝
LOL...If I get something that looks like it's going to pop No. 1, you'll find your name on the dedication page.
@@TheChaChingKing 😁 lol
I'm looking forward to seeing my name up in lights,
obviously in a slightly smaller font,
right under the
*ChaChingKing*
at the
Booker" & "Pulitzer" Book Award Ceremonies
📚📖🥳😂
Dear Scot, your videos were one of the main helpers for me to join eBay. Thank you!!!!
I appreciate that! Thank you!
As for pricing as my boss at work saids not going to sell in back room I know my price is about right when I got lots of watchers
Thanks for sharing that!
Thanks as always Scot
😀
Taking a break from listing my 7000+ current inventory items to watch this. My goal is 50 drafts with 35 of those being live listings a week. I am just making drafts till the end of this month then will go live. Oh man I have learned books are very time consuming. Using all those photos available , getting all the info correct, citing every defect, and general condition and then researching prices to make sure it is a very appealing prices while not giving it away and of course accounting for my free shipping in that price. I am lucky if I can correctly list one in 10 minutes some take closer to 15 minutes.
From here on out if I pick up any more books I will account for the time it takes to list them.
A list of automated responses from a seller that has fine tuned these to enter into the automated seller thing will be very helpful.
Automated seller thing??
@@pamprier4710
You can have it send automatic messages to general questions like "Can I pickup this in person?"
The system will respond with
"Local pickup is not available with this item."
If thats what you selected.
My worry is scammers and dealing with them. Thank you for sharing such valuable info.
Once you are established you will rarely deal with any scammers. Rarely. When you are first starting out, especially if it's a brand new account, you have to be a bit more cautious.
@@TheChaChingKing It is an account I have used to buy items in the past. Don't know if that makes a difference. Thank you.
Thank you for the encouragement
Thank you both for sharing you have a blessed day in the name of Jesus Christ.
Thanks for this video!
FIRE🖤
Thank you!
Thank you for your knowledge and encouragement!
You are so welcome
Thanks for another great vlog. Great information. Thank you again for all you do, for resellers.
Thanks for watching!
Thank you Scott! Very good advice!
Glad it was helpful!
Love your confidence and recommendations!
Thank you
Another refreshing honest video. Keep putting them out there!😊
😀
How can I get to the community page? Thanks for sharing!
See if this works. :-)
ua-cam.com/users/postUgkx_qh1HTutoXvctZIO0rMV9BMlCW9_Yzvi?si=iq9KLgObBSXIbOl5
Every time I snap a picture of a potential product I want to buy even though I have not bought it, eBay puts it up on my site as if I have it for sale. Even though I do not have the product, I did not purchase it. How can I stop that?
That doesn't sound right at all. Ebay is automatically creating listings for you? Or, are you just getting suggestions for your previously viewed items?
Scot, your suggestions are spot on, as always. About 90% of what I sell is clothing. And when I first started selling, I didn't bother filling out all the specifics. Why? Because I had heard a couple of resellers on UA-cam say they don't bother doing so. No surprise, I wasn't getting sales; when I started filling in all the available info, sales started. happening. Also, you mentioned your community page; how/where do I find said page? (Edited to add), Regarding such words as Velcro, I've heard both yay and nay regarding using the term Goretex. Do you know whether we are allowed to use that word? Thx.
I've never had an issue with the word Goretex. BUT, that doesn't mean that I couldn't. I've seen a few mentions of it here and there, but it hasn't been an issue for me. If it matters, I've also never used the word if it didn't appear directly on the item I was listing.
Thanks for all the helpful information! Question for you, if I put my store on time away mode for 30 days, and I need to restart it, do I need to know the exact time it will expire, or will I be able to end it early and start it for the remaining time I need. Only reason I ask, is I will be in another time zone, and not sure I can restart time away the moment it naturally expires, so I would like to end it and restart it a day early if possible. Just trying to prepare so I know exactly what and when I need to take care of it.
It actually asks you for the time you want it to expire. So, when I take a vacation and know I'll be home on a Sunday. I usually start it the day before so that I can make a few sales before I have to ship on Monday. But it is in your complete control. Here's a tip: If you're unsure of the exact time you'll be home, change your shipping to two days. You can always ship in one day if you make it home in time. But you have an extra day if you need it.
I sold something, and the buyer said it was not complete. He received everything that I had pictured. How should I handle this? I don't accept returns
If he claims it isn't as described, he can return it anyway. I would just assure him that you shipped everything in the package. It might help to tell him that you packaged his order up personally. Point out that the shipping weight on the label shows that it was included, too. If he's still unhappy, tell him to request a return through eBay. He's probably trying to get a partial refund.
@@TheChaChingKing Thank you
Hit the like button 👍
Question. I get price comps from existing listings and then use sell one like this for my listing then get a policy violation. Why does that listing get by but mine is killed? Am I on some kind of watch list?
You're not on a list. It's just that eBay doesn't catch every item. If it's banned on eBay, you're better off not to mess with it. I've had items taken down that seemingly hundreds of other people have had listed.
Question: I made a personal eBay account and wanted to sell a few things but I saw online you may need something like a sellers permit. I know eBay handles sales tax but do you still need a permit?
It varies from state to state. So, it's really hard for me to direct you. I have one in Texas. For me, it's been a benefit more than a burden.
Check with @notyourdadscpa
He's a reseller and a CPA. He's a much better source for accurate tax answers.
to many mistakes to count
I definitely not keeping score. Lol