My Bold Prediction For Reselling In 2024
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- Опубліковано 28 вер 2024
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Peter, I'd be interested to see what customers buy sometimes too. Not always just what you buy from customers.
I like this idea too
I like this idea also
Good idea
I agree.
Some trades would be good to see too
Biden sucks ass he ruined the economy so bad we need trump back
Pete, thanks for being so real. I really enjoy watching your personal touch on transparency and decency. You’re a smart and good guy. Thanks for giving us a glimpse into the shop.
That is a very kind and thoughtful statement. You are good vibes ❤
I've bought those multiple-disc CD players before and a couple times there were loose CDs inside. Nothing holds the CDs down in most of them so if for some reason you pick it up and move it around a lot, they slide off. It's like a birthday present...unscrewing the top and seeing what CDs are inside!
I’ve been a reseller for 6 years. This past year has been so bad I’m just clearing out my inventory for cash at a small loss and starting from scratch
The cable news outlets keep telling us were in a bad economy and people are believing it.
As soon as the election is over they'll start reporting to the economy accurately again and this crap should be behind us.
Yes, ive had it for a little over a week. Only had a fever for the first 2 days, then just head and chest cold since. I cant remember the last time ive been this sick.
Pawn shops can be a reality check... I had a echo 16in chainsaw with a addtional case and all paper work which sell online new for $550. Knowing how pawn shops work i wanted $225 for it and we could work it down to a deal. Great thing for me it didnt take alot of back and forth bartering to get some money in my pocket and on my way. Now just trying to figure out what i want to do with this $40 dollars 😮😢....
Pawn shops are the worst !
Man. If you seriously bought something for USD 550 and sold it for USD 40 you are a true looser.
Either you should have kept it and sold it on the internet (it does you no harm sitting in your basement untio it sells) OR you should have GIVEN it to a charity shop.
You were definitely in need of that USD 40 !!!
@@Team33Team33😂😂😂😂
Pete‘s is not a pawn shop!
@@justjane2070 Second hand or Pawn.
@@justjane2070 yes it is 😂.
Peter just to let you know that I and my husband have watching your videos for a little while. I agree with you thoughts about reselling this year. I just heard that UPS is cutting 12,000 jobs. And USPS takes so long anymore. I know we are planning on cutting back our spending because we just don't want to deal with all the shipping issues that are going to come down the pipe line. Of course as you said the high cost of living is a issue too.
Glad you're starting to feel better. We had a lot of what you described here in New York as well with people getting sick twice within a short time. Hopefully when spring gets here the sickness will go away with winter.
Exactly what you got. I had about 2 months ago. You get so sick start feeling better and then wham it hits you again.
Be careful because it will linger. For the most part you will feel run down no energy. No antibiotics are out there
from what the doctor told me. Rest a lot and drink plenty of water. Another thing one gets it the rest of you
will get the same thing. The cough is what really sucks of all symptoms. Hope all you feel better soon….🙏🙏🙏
12:36 I love Morgan silver dollars too for their whole design aesthetic. I bought one dated 1883 (I think) during a coin sale at the 5-star Roxburghe Hotel in Edinburgh, Scotland of all places back in 1996 for GBP 17 or about $35 Canadian ($26 U.S.) and it was in fantastic condition with very crisp images. I'm not sure where it was minted, but I should check it.
I also bought a few ancient Roman coins at that same coin sale including one featuring Claudius Caesar on one side for GBP 36 or $72 Canadian ($54 U.S.). :)
simple answer inflation. ebay and collectibles are a luxury. people will come back once it better.
Wont get better. At least not in our lifetime, the gov/corp corruption is spreading.
Here in Canada a lot of people I know selling their toy collections etc because they need money, but no one is buying
My dad just left a few days ago after visiting me for a few weeks. Introduced him to Peter and his channel. My dad is now always watching at home now lol. Love the content.
1000% right Pete. People aren’t spending $ right now. I been selling sneakers for 4-5 years now, and sports cards for 3-4. No one is spending $ right now. Weird how the government is saying funds are good cuz I’m not seeing it
Most government statistics are lies. Don't listen to them. Use your own experiences to gauge how the economy is doing, i.e. keep an eye on the price of food, gasoline, and basic services
Just starting to feel a little better also after fighting the flu for about 2 weeks now, and just had to bury my grandfather in Davis Illinois yesterday, I have been super depressed with everything going on and haven't really been myself. Just stumbled on your channel by accident but it is definitely helping me get through this tough time, thank you. I will definitely have to come visit when I am feeling better and have some more free time. Hope you feel better soon also and keep making these videos as they are entertaining for sure.
God glad your better I'm really scarred of getting sick especially COVID I live in NY right now I'm staying I. Albany cases are going up & up if I get sick it would most likely be a death sentence cause I have diabetes high blood pressure & had a heart attack in 2021 2 stents put in so very bad heart I'm praying i don't get sick
😮😊❤❤hope you feel better. Thanks for being honest about future reselling. It been on the slide since april 2023.
Exactly my sales have dropped 24% a year each of the last 3 years. I can still survive but not a good time to get into the game.
If it dropped 24% each year for 3 years you'd be out of business. If you're going to lie at least be reasonable.
Pete, I’d like to know your list of “do not buys” so that I can avoid those categories too! Thanks
Good idea
Our store is down 40 percent the last 3 months,our country is heading in Wrong direction.All our bills are going sky high,sales are low and profit is just not there like it was
It's funny when you coughed towards the bird she covered her head with her wing lol.
I always keep "money in the bank" I don't mean literally, I only keep a small savings and checking account, just a few thousand dollars. I save gold, silver, coins, and i have been stacking those for 15+ years. Even if I ran out of money tomorrow, i have 100k in my safe so i always have money saved.
my pawn shop is dying this year sales down on all fronts very significantly we are slashing every overhead expense we can
Your channel is the only channel that I immediately watch when you post ❤
Glad you are better now Peter, I thought you must have been sick tell the rest of the crew we're thinking of them as well 😀
Post xmas credit card hangover usually lasts 2 months. March up/down sales numbers are the most accurate barometer of the year to come. I'll be keen to see what Pete says in the first week of April
Same here got sick 6 to 7 months ago didn't have cough to bad but soar throat body aces no energy i never slept so much dont know what i had
I can't even buy... so not a good time for resellers...everyone is holding onto stuff not being so quick to sell too in my area... if there's anything out there they sell full price themselves... pinching every penny!!! Not frugal with their belongings. Getting BAD... I love my antique booth etc too but a job is looking better. It's been dead except 1mo in Dec. For 6 months plus.....
I love the phone prank. He wasn't expecting it like he said. Don't change. You guys are the kindest nicest considerate people. Great hires Pete. They are dedicated to your business. Pay them well.
They should know all about his super dry sense of humor by now
Ebay has gotten so slow and they are so 1 sided and have too many BS algorithms and being top seller bs. F them
We love your honesty & realness , get well brotha . From ca desert . We need more Pete's in the world !
I usually don't like these sort of programmes but since I discovered this great channel I've watched every video and I'm now hooked so well done for great content.johny from Scotland 🏴
Missed you brother. Thank God ur r better
Belgium here, I got sick 3 times since the end of November, got covid in December too. This winter is difficult man. Take care :)
The new "skip" for ads, sucks!! - great video though, new subscriber from Spokane, WA
I love those Morgans!
My sales are abysmal now they're decline for some time now. I have over 11k items on ebay. Promoted listing and list constantly. Items just aren't flying off the shelves like they used to. I do understand the economy can be partially blamed but something else is going on as well...
No one ever has money after Christmas, it happens every year. Have you forgotten how much people spend? It takes months for them to pay their credit cards back. I, myself don't put gifts on credit cards, I pay with cash so I'm not crippled with debt AFTER the holidays.
@@getin3949/ sorry I wasn't very clear. I had meant to say my sales for all.of last year have been way down. I remember having half the inventory before and making double the sales. I'm pretty sure ebay has changed their algorithms on how they send certain sellers customers
@@getin3949good for you dawg but nobody asked
@@getin3949 ONLY use credit cards when you have to and make sure it's a free of charge one otherwis anything bought on credit is far too expensive.
Yea this happens every year and people always say the same stuff. They've been riding the covid wave and everything is coming back to normal January's
Petition to bring Ruby back up front!
She wasn’t happy
I know it’s a lot but watching you guys is a form of therapy for me. I really would love if you posted the videos either everyday or at least every other day!
I think I have the bankroll for the downturn, but sadly, I do NOT have the storage space and probably shouldn't resort to storage lockers for myself. I'll have to be very conservative in my extra purchases for resell, but will do OK. Thank you CL for the video.
Happy to see you back!!!
Keep in mind Pete sells mostly high dollar value items, mostly expensive and new in box items (online). Maybe people aren’t buying expensive items or buying used rather than new. The market expended by 24% last year. My eBay business had sales increase by 30%, I sell items on average between $20 and $50, or “small peanuts” as Pete would say. Anytime is a good time to get into reselling, it won’t be rough or tough at all the year coming up, unless you sell like Pete does.
I have had a cough since just before xmas... and just when I think it is gone, it comes back. Not Covid because I have tested myself 6 times over the past 5 weeks.
Lol tested
Same
Glad to hear you're feeling better Pete, it sounds like it was a rough ride!
I'm curious to hear what categories you are avoiding.
Thats weird you saay that as i have just come back from years ago, watching you, and coming back now its as enjoyable as ever to see you progressing
I know a Chinese seller from Hong Kong he told me people from Europe and the western countries are buying cheap goods for the motortrade knowing it Will fale and hope they can move on to another garage to get it done there, Chinese goods aren't bad it the garage owners trying to make a quick buck and ride through it,its just gready car shops blaming Chinese goods its not fair blaming one country for bad and gready manager's and corrupt mechanics to do job knowing it will fail 👍🏻.
Love your honesty and show keep up the great contents 🇬🇧🇬🇧
Man I absolutely love you're shop. I tell you what you run you're shop the way pawn shops where meant to be run. I wish to God there wher more shops like you're in Ohio. I guess thay why you're shop is unique love you're content keep it coming brother
Since the end of last year, the main reason I’m more hesitant to buy a “want” (verses a need) is preparing for my school loans to start back. I think school loans have slowed down a lot of people and the economy.
What's a school loan
ANY and ALL loans have slowed down the economy. When you can no longer afford to live ABOVE your income level, life gets tough.
Solution: Stop taking out loans and living off credit.
Everybody knows that but very few actually apply that logic.
Nice to see you show back and yes things are changing
I’m a reseller and my business is booming the best year I ever ever had must be location
Hope you're feeling better. I love the animals in the shop. We have a unique licensing place near me that has a bunch of birds, and cats it's really cool.
Pete always open the box. People sometimes put old books and magazines
I sell sergers on ebay, parts ownly all the time and make decent money. I bought a pallet of them from a vocational school that had upgraded and didn't bother testing them, just put them one by one for $100, parts only.
I can’t believe these people bringing in old, dusty junk that doesn’t even work. And then Pete has to test and try to get the junk to work. AND THEN they basically hassle him to pay them for this crap! It’s unbelievable! I don’t know how you do it Pete…you’re such a nice guy!
all day long, it's the nature of the business
I didn’t like the way that one guy shoved the remote at him and said “give me $15”. Didn’t like the tone
I didn’t like the way that one guy shoved the remote at him and said “give me $15”. Didn’t like the tone
I didn’t like the way that one guy shoved the remote at him and said “give me $15”. Didn’t like the tone
favorite line…. so what do you want for it
The buying has already started. I have an awesome amount of inventory, and have stopped buying for now mainly because all my storage areas are full. Uncertain economy, election year, and looming wars always create this opportunity. I'm on the west coast, where inflation is way over the top compared to most states. At some point it has to break to even everything out. We're on the pinnacle of that now. It's all a big game, and I enjoy every moment of it.😁
Buying what?
We had to have massive inflation due to Covid all the free money given away to millions and loans and fraud. Ppp loans had massive I mean massive fraud
@@stevemuzak8526 Hashish and dog meat, mainly
That leaf blower isn’t out of season. Works great in soft fluffy snow.
"You know Wadda mean" on a t shirt!
I am glad you are feeling butter
had the same sickness end of december, was the worst sickness i ever had pretty much
People ain’t spending because they ain’t got it to spend…….
Iv been selling on ebay as a side gig since i was 13. The last year. Absolutely nothing sells. Unless it's a hot item. Or something thats kinda rare or sought after.
Yea, its tough. I thought I got steals on some auctions, and thought I could flip them pretty easily with Ebay BIN and best offer. Its tough right now
Hope you feeling way better Peter. And please take care of yourself 👍
My President has told me this Economy couldn't be stronger. 😮
literally just picked up that Stray Cats album, near mint for 6 bucks. priced on point
Pete,
I'm a weekend Warrior at the local flea market. How do you think that is going this year? No overhead, brick and mortar. No online sales, just the local flea market. How do you think sells are going to be there???
I Follow your channel like I go to church every Sunday. Your opinion I value extremely highly. I would appreciate deeply if you would answer this one question, please.
i liked because the talking otter told me to... Enjoyable videos, decent editing :) good luck in your endeavours guys.
I'm hoping and praying y'all get better very soon!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
29:37, don't sell sewing machines unless you know the ins and outs of them. People will try to sell broken or messed up ones. Unless they are the antiques with the foot peddle that runs it. No electricity for those. They are worth money if they work or not.
Smart business man Pete !
Keep up the good work
the exact same thing happened to me coming back from mexico. a week after I got sick. went away , came back, went away came back again. 6 weeks into this
That reciever had some trouble with the treble. Funny how you say 'treble'. I know you're originally from Poland so i understand the accent. I'm from the Netherlands so i probably have an accent as well. Greetings from the Netherlands.
I think consumers have changed focus from used items to new with so much uncertainty. People are living in the moment now it seems. It’s a weird feeling, but I see many saying “Oh I’ve always wanted (insert anything)” and instead of thinking about it they are just purchasing.
Kind of “we only live once” type of thinking. A lot of compulsive buying is what I’m seeing. It could be regional too, where I am in the northeast, I’ve never seen so many people on the roads, in restaurants and shopping. Ever.
It’s funny about the economy because I hear the opposite, that it’s bad, and I look around and literally laugh and say yeah economy is horrible lol. I seriously don’t know where people are getting their money
I agree
Credit card debt is at an all-time high and continues to climb
Love your Content.From Cincinnati here
People aren’t struggling their just not buying a bunch of crap they don’t need.
You know nothing
Pete's awesome. He's like the Bob Villa of Reselling.
My dad & I have been sick for a month too…I haven’t been this sick since i was a little kid🤢
Hey hey! Shout out from Minnesota.
Thanks for sharing your one my top youtubers i watch when comes to buying and selling wish little closer
Great video, pretty cool you had cm punks dad in with the turntable at the end
Buyers market now.....thats how it goes
26:00 Yeah, Ion is a junk brand when it comes to turntables or record players to the point that there are better record players by Crosley and Victrola (which are not great brands either).
The one good device Ion made years ago, which I own, is an AV-to-digital converter box which allows one to connect any turntable with line out (or attached to a phono receiver jack with the receiver tape out connected to the Ion unit), or a cassette deck, or headphone jack output from a computer to record records, tapes, etc. and to save them as audio files using Audacity. That Ion device was quite useful for me now and then, but I wouldn't touch any of those USB convertible record players or turntables by Ion.
Glad you’re on the mend!
Oh sleepy hollow, my buddy is a police officer for them. Great department
sewing machine mechanic trade sounds like a fun job
do people still test for C-Virus overseas? In europe we barely even acknowledge it anymore, but glad you are feeling better again
Crazy mask-wearers still do
Hi Pet, sorry to here your sales have dropped both in the store and on eBay. Luckily my sales was up 22% this year over my last three of eBay & January has been my best month ever. I’m sure your eBay store and shop sales are suffering due to the loss of Vickie. She was a driving for for both. Extremely good at what she done and fun to watch on your shows. I’m sure nothing is the same without her. She did have her own fan base and I was one of many. Good luck my friend!
I'll never understand why people will lose hundreds of dollars because they don't want to put it on ebay ..that guy with rc could have easily put it on a 1 day or 3 day auction and sell it for 600 sooo fast and maybe 40 in shipping cost he could add on...
It takes time and can be a hassle. You have to deal with buyers not paying or scammers saying the item wasn't delivered, even if you have tracking proof. To many people it's just not worth the headache
Just came across thus channel today and have binged it all day! Random question, do you ask the customers is it oK to film them for the you tube channel? Great channel!
Oh boy is everything expensive.
I got covid Pete in here norcal. 2nd time. It sucks. Flu and covid going around right now.
What are you thinking?..... (inside voice) it doesn't matter because I'm going to railroad anything you say. It's almost like I should just go first in negotiating. )
Aye pete; How much fer tha ninja sword shaped knife in the case...seriously!?...Firsties!
Server.
Is very possible that your customer trashed it. Nit everyone knows how to use a serger
Thank you for the heads up.
I’ll take that Browning Clever blade knife you got there
Dealing with what sounds like the same sickness rn after just getting over being sick too 🤣🤣
The flu My son and I had it a month ago and I’m still coughing. I got it 2 weeks after I had my hip replaced that sucked bad.
This should be a reality series!