I disagree with selling items for $1 . Only do that if you have an ACTIVE audience. Im seeing $60-$80 items go for 3 bucks because the seller thought they should start everything at $1
I agree with you. You just don’t know sometimes who’s or how many are going to make your show. So I found starting at lowest I’m willing to go during that show to be helpful. If I still have that item month or so later I can always try again lower. But because your selling for so much less the. You can get if you wait, I think starting auctions should be based on item who and how many have made it to show. If I’m less then 60 watchers I’m starting at more fair price.
Been selling on eBay for 20 years (well, 2 years seriously and 18 years "every so often"). Started a WhatNot less than 2 months ago. First auction, about $200 in 3 hours. The last 2 auctions, averaged $1K in 90 minutes each. Preload, schedule at least a week ahead of time, engage with your audience, remember and point out your return customers. Great video!
the biggest and more important thing on Whatnot is to build yourself a community. Whether its going into another stream and helping that seller out, moderating (people will remember your name!!) or using your social media following and referral link and making reels. People will show up for you if you show up for them- especially if you havent made a "name for yourself" yet. Also, be thorough, tell the audience the size and brand an any flaws- all the important stuff- but move fast fast fast!
I’ve heard so many different opinions on the starting point. Yes start at $1. No don’t be afraid of starting at $3 $5 $10 but never be unrealistic. We’ll see things work out for me. I’m doing my first show this week and I plan on starting at $3 and $5 but we’ll see who shows up or if I get any buyers
Thanks for the inspiring words, great guidance and unique perspective. Taking these to heart during these challenging times and unsubscribing to the negative/recession mentality today!
Thanks I'll try some more shows, I just get mad when I only get $2 or $3 on stuff and no one bids. I guess it's because I have like less then 10 people come in.
Recently got accepted to sell. Thank u for the info. Will probably have to watch it again. And watch it again after I've been doing it for a while. It is a little scary and intimidating. I figure I got to start somewhere. I'm an artist and going and doing art shows doesn't appeal to me.
I agree with everything you say, except I do original one of a kind pieces so my auctions for the most part do start higher Incase it’s a slow night. You really have to feel out each show. And I also think it’s a show. I like to treat them like art opens and trade shows. Like make it a fun place to hangout and socialize and buy original collectibles. But I think do have a regular show same time each time like a program to make it easy for people to plan to be there and see your latest. But that’s just worked for me. So far I love whatnot been doing it now for almost 6 months.
I've been to some of your streams :) Victor is pretty entertaining. I also watch another seller that only does tshirts, they make about 3k per show going 6 days a week, it's crazy. I like watching the shows in different categories for research because I can see what brands or tshirt prints people really want and how much they are willing to pay in real time. I watched a stream for Disney pins and people were bidding up to $20 for some pretty basic pins, ones that when I looked on ebay the same pins were listed at $12 shipped.
That its true seller they sell in low price .. I’m a buyer in whatnot . Theres one seller she started $15 on her items she looks pissed when i bid and no one bid . She said respect to seller . I was like hello im here to buy and you are the one who set the sb price . Since then i dont buy her
I appreciate your commentary and advice Daily Refinement, Here's my commentary/questions from a new seller perspective: When you look into buying pallets, how do you know/optimize your chances of buying a pallet that is accurate in it's contents. My wife and I are trying to focus on selling children's clothing, and it's proving to be very challenging to find either direct retailers that are selling pallets. Similarly, we are going to sites that auction pallets that are not clear about their contents and a lot of the time we are just getting outbid/botted. Is there any advice on how to approach either retailers directly or sites that are reputable in selling pallets? If you do receive a pallet that says it contains something but it turns out it's not accurate, are you able to reach out to your credit card company and get your money back in that situation? This has been our biggest challenge so far in trying to prepare ourselves for selling. Any advice from your experiences would be very appreciated.
I have been selling on eBay for the last 4 months and grossed just under $10k in 4 months, I did ONE 6 hour show on Whatnot and made over $1,000. I watched a few of your videos on it and how you do it so I really appreciate you for that. I have found a niche in collectables, mainly selling Funko Pops. How does someone like me who doesn't have a business and not a lot of up front funding source items? Right now I'm sourcing items for around $5-10 bucks, and selling generally $2-3 more for each item than what I paid. Any tips on how to source? I wont be able to scale at this rate, I made a goal to do $50k my first year on Whatnot but idk if I can do it without proper sourcing!
I agree the more you put in the more you get out. I, starting my food channel again, while trying to run my E-Bay store. WOO lots of work. But I love it. Thanks for all the info Chris. Love your videos.
8% commission fee, 2.9% Processing, and then $.30 transaction fee. Total most people are paying 11%-13% max. That's actually super reasonable, especially with Whatnots reach. (I've never seen a 30% PP transaction for anything)
@@dailyrefinement Your income didn't double because of you wife. If your wife was responsible for your earnings, then you would have already told us this and she would have appeared in your business videos. Take my advice, SIMPing doesn't do you any good. Always tell the truth and you will remain strong.
Okay but you need to refine the $1 auction because I tried it and I only had 150 followers and lost a lot of good items even with a room of 50 with confidence and no fear and good reviews. It’s all about followers and viewers on whatnot, so can you go back and maybe give further advice on starting at what you’re comfortable selling it for versus $1 auction because that’s only good info for popular streamers
popular streamers start as unpopular nobodies, they use $1 auctions and giveaway to build momentum over time. The secret to growing your following is giving value for free.
I've been going into many auctions and asking how's the market compared to eBay. From these sellers I've been told that more sales on whatnote at a lower price vs higher margin sales but less frequent. Regardless of what platform it's going to sell. There is finally a worthy competitor to eBay but for how long??? It's hot now but so was polish and Mercari and craigslist... remember craigslist lol
@@dailyrefinement I sent it a few nights ago along with some photos. I'm thinking it's rare and possibly valuable, plus I don't want to list it under the wrong name or over price it.
Every show i do 3 giveaways and nearly each time the buyer also buys something. Do you cancel the giveaway after shipping it if the shipping is already covered?
I have received alot of damaged + stained items from people trying to rush and sell quantity rather than quality items on What Not. Not having to list and really having to check over items under the ring light I think leads to missing damage + stains.
People selling comic books (raw and graded), sports and Pokémon cards, and other similar collectibles like doing blind bid/mystery item/bundles….most of these sellers, from what I’ve seen (based on checking the comps) significantly overvalue what they are selling( claim a graded comic book is valued at $300, but upon checking comps/values, the value is 30-70% less) but people are still buy their stuff…
I was watching your shows and knew to work night and asked a couple questions and one of your moderators kicked me out and I’ve never been able to get back onto a show. I felt like they were over reacting and my vision is not great so maybe there was information that I was not seeing so I was asking questions. I think you should chat with your moderators about this and I would love to come back on now that I am also a seller and also have more information.
10k on the bay has come a long way! Yep followed back then five years ago dumb ass I should have kept up with you and done your plan! I'm back at it again Five a day hoping to get to that 1K a week I'd be well happy with just that.
Are you or is anyone in your resller's mentorship involved in the used parts category? I'm looking to gain knowledge from like minded, serious people that take action and have discipline and accountability. Also hoping someone is in the same category as me so we can spit ideas. I have a few for sourcing that are pretty legit. Thanks in advance!
I disagree with selling items for $1 . Only do that if you have an ACTIVE audience. Im seeing $60-$80 items go for 3 bucks because the seller thought they should start everything at $1
I agree with you. You just don’t know sometimes who’s or how many are going to make your show. So I found starting at lowest I’m willing to go during that show to be helpful. If I still have that item month or so later I can always try again lower. But because your selling for so much less the. You can get if you wait, I think starting auctions should be based on item who and how many have made it to show. If I’m less then 60 watchers I’m starting at more fair price.
Been selling on eBay for 20 years (well, 2 years seriously and 18 years "every so often"). Started a WhatNot less than 2 months ago.
First auction, about $200 in 3 hours. The last 2 auctions, averaged $1K in 90 minutes each.
Preload, schedule at least a week ahead of time, engage with your audience, remember and point out your return customers.
Great video!
Yes agree, it’s a game changer for sure, just got to figure out what works so people who love what you have know when your shows/auction is on.
Thanks for your tips!❤ I will check out your sales. Trying to learn...
Month 6 on whatnot. Awesome
I used to watch you some years ago when you were doing EBay. I am amazed how you are so successful in whatever you decide to do.
I've been doing ebay also for 20 years, 15 years full time. doing my first what not this friday. super nervous...
the biggest and more important thing on Whatnot is to build yourself a community. Whether its going into another stream and helping that seller out, moderating (people will remember your name!!) or using your social media following and referral link and making reels. People will show up for you if you show up for them- especially if you havent made a "name for yourself" yet. Also, be thorough, tell the audience the size and brand an any flaws- all the important stuff- but move fast fast fast!
I love the fact that god open another door for you thing happen for a reason blessing
Best part of this video was the last 2 minutes. Thanks Chris.
Honestly, one of your best videos. Great stuff, thank you!
I appreciate all the info you so frequently provide. I have been selling on & off over 25 years and still learn from you. Thank you
I’ve heard so many different opinions on the starting point. Yes start at $1. No don’t be afraid of starting at $3 $5 $10 but never be unrealistic. We’ll see things work out for me. I’m doing my first show this week and I plan on starting at $3 and $5 but we’ll see who shows up or if I get any buyers
How'd it go?
The way you break it down is so easy to comprehend, thank you Chris! I love your Whatnot shows and Victor is awesome also!❤
Thank you Chris for being an awesome mentor and a source where I can buy my items for re-sell 🙏🙏 Grateful for you!!
Thanks for the inspiring words, great guidance and unique perspective. Taking these to heart during these challenging times and unsubscribing to the negative/recession mentality today!
we are just now approved to sale on whatnot. thank you for this video. i am going to get the sam walton book today.
That’s the main thing you said it fast
Having a social media influence does effect your sales
Obviously it affects sales, but the largest sellers on the platform don’t use it
great video, i learned a lot. I'm doing my first what not this Friday and an super nervous...
THANK YOU! Love the subscribing to not failing sentiment; first time hearing it!
sub'd, super valuable insight and appreciate you taking the time to help others be successful :) speaks volumes
Thanks!! Getting ready to do my 1st show this really helped!!
Thanks I'll try some more shows, I just get mad when I only get $2 or $3 on stuff and no one bids. I guess it's because I have like less then 10 people come in.
Great information Chris, thank you for sharing!!
Recently got accepted to sell. Thank u for the info. Will probably have to watch it again. And watch it again after I've been doing it for a while. It is a little scary and intimidating. I figure I got to start somewhere. I'm an artist and going and doing art shows doesn't appeal to me.
I agree with supporting each other. It is what I loved about the community in Whatnot. 💕
Very Good Info! Thank You!
I agree with everything you say, except I do original one of a kind pieces so my auctions for the most part do start higher Incase it’s a slow night. You really have to feel out each show. And I also think it’s a show. I like to treat them like art opens and trade shows. Like make it a fun place to hangout and socialize and buy original collectibles. But I think do have a regular show same time each time like a program to make it easy for people to plan to be there and see your latest. But that’s just worked for me. So far I love whatnot been doing it now for almost 6 months.
Awesome video thank u ❤
This kids on point. Good job 👍
I've been to some of your streams :) Victor is pretty entertaining. I also watch another seller that only does tshirts, they make about 3k per show going 6 days a week, it's crazy. I like watching the shows in different categories for research because I can see what brands or tshirt prints people really want and how much they are willing to pay in real time. I watched a stream for Disney pins and people were bidding up to $20 for some pretty basic pins, ones that when I looked on ebay the same pins were listed at $12 shipped.
Great video man
That its true seller they sell in low price .. I’m a buyer in whatnot . Theres one seller she started $15 on her items she looks pissed when i bid and no one bid . She said respect to seller . I was like hello im here to buy and you are the one who set the sb price . Since then i dont buy her
I appreciate your commentary and advice Daily Refinement,
Here's my commentary/questions from a new seller perspective:
When you look into buying pallets, how do you know/optimize your chances of buying a pallet that is accurate in it's contents. My wife and I are trying to focus on selling children's clothing, and it's proving to be very challenging to find either direct retailers that are selling pallets. Similarly, we are going to sites that auction pallets that are not clear about their contents and a lot of the time we are just getting outbid/botted.
Is there any advice on how to approach either retailers directly or sites that are reputable in selling pallets? If you do receive a pallet that says it contains something but it turns out it's not accurate, are you able to reach out to your credit card company and get your money back in that situation?
This has been our biggest challenge so far in trying to prepare ourselves for selling.
Any advice from your experiences would be very appreciated.
Awesome stuff!
always on point with those sick band shirts
I have been selling on eBay for the last 4 months and grossed just under $10k in 4 months, I did ONE 6 hour show on Whatnot and made over $1,000. I watched a few of your videos on it and how you do it so I really appreciate you for that.
I have found a niche in collectables, mainly selling Funko Pops. How does someone like me who doesn't have a business and not a lot of up front funding source items? Right now I'm sourcing items for around $5-10 bucks, and selling generally $2-3 more for each item than what I paid. Any tips on how to source? I wont be able to scale at this rate, I made a goal to do $50k my first year on Whatnot but idk if I can do it without proper sourcing!
I agree the more you put in the more you get out. I, starting my food channel again, while trying to run my E-Bay store. WOO lots of work. But I love it. Thanks for all the info Chris. Love your videos.
I love Incubus ! nice T-shirt!
Love your content very informative and easy to understand!
Can u discuss about the fee also ? What app take 8% commision on every item u sale. $0.30 for listing fee and 30% for paypal transaction . Thats a lot
8% commission fee, 2.9% Processing, and then $.30 transaction fee. Total most people are paying 11%-13% max. That's actually super reasonable, especially with Whatnots reach. (I've never seen a 30% PP transaction for anything)
Thank You very helpful insight 😀
Great video, I'm new and haven't ran a show yet! Excited to start.
Is it best to have a niche? Or is selling mixed ( garage sale style) any good?
Very helpful. You are extremely knowledgeable. You know I read and re-read (maybe 25 times) Atomic Habits that you recommended. Thanks.
Chris Lee - 'You get what you put into it'.
Well, Chris, you have obviously never went through a marriage that ended in divorce.
You get half, which makes sense to me. My income more than doubled when I got married.
@@dailyrefinement Your income didn't double because of you wife. If your wife was responsible for your earnings, then you would have already told us this and she would have appeared in your business videos. Take my advice, SIMPing doesn't do you any good. Always tell the truth and you will remain strong.
@@immortalityevolution I so love your philosophy. Gave u a big thumbs up!
This was fantastic. Thank you! ☺🌸
You don’t have mic problems when just using the phone for the stream?
This video is so valuable. That’s so much!
Hello Chris thanks for the conversation.
Have you done mystery boxes?
I thought we couldn’t use priority usps boxes, I see on your video! Can you verify?
This is awesome information 🔥🔥🔥
one day I can outgrow ebay and do whatnot
So happy to see you doing so well!
On whatnot they can't do chargebacks. I was told in orientation that any chargeback would result in an instant ban for that customer
Okay but you need to refine the $1 auction because I tried it and I only had 150 followers and lost a lot of good items even with a room of 50 with confidence and no fear and good reviews. It’s all about followers and viewers on whatnot, so can you go back and maybe give further advice on starting at what you’re comfortable selling it for versus $1 auction because that’s only good info for popular streamers
popular streamers start as unpopular nobodies, they use $1 auctions and giveaway to build momentum over time. The secret to growing your following is giving value for free.
So appreciae
I've been going into many auctions and asking how's the market compared to eBay. From these sellers I've been told that more sales on whatnote at a lower price vs higher margin sales but less frequent. Regardless of what platform it's going to sell. There is finally a worthy competitor to eBay but for how long??? It's hot now but so was polish and Mercari and craigslist... remember craigslist lol
09:48 how can you claim to be ripped off if you bid on an item. own it and man up
awesome
“Hey… You’re my friend. Can you give me 90% off?” *Alarm sounds* 😂😂😂
Do you feel like this is a easier process than Ebay for you?
Different
Hi Chris - Did you get my email question on the lululemon jacket?
Not yet
@@dailyrefinement I sent it a few nights ago along with some photos. I'm thinking it's rare and possibly valuable, plus I don't want to list it under the wrong name or over price it.
Chris, thanks for how you help us. I am new to Whatnot but I can's seem to find you. 1 pm NY time I believe.
Every show i do 3 giveaways and nearly each time the buyer also buys something. Do you cancel the giveaway after shipping it if the shipping is already covered?
I don't, just let it ride
@@dailyrefinement so just eat 10 bucks a show? Or is it possible to click a button and not get charged twice for shipping in the same package.
Do you have a show on Rumble? If not, please do.
I find it interesting that your not paying long term lease on a commercial building and just keep on going. Good for you!
I have received alot of damaged + stained items from people trying to rush and sell quantity rather than quality items on What Not. Not having to list and really having to check over items under the ring light I think leads to missing damage + stains.
That makes sense. Working on that myself. Whatnot is definitely a liquidation site for some sellers
I had that experience with jewelry. I stopped buying on the app because of that. Very disappointing for the buyer.
In your video you look tired or overworked
People selling comic books (raw and graded), sports and Pokémon cards, and other similar collectibles like doing blind bid/mystery item/bundles….most of these sellers, from what I’ve seen (based on checking the comps) significantly overvalue what they are selling( claim a graded comic book is valued at $300, but upon checking comps/values, the value is 30-70% less) but people are still buy their stuff…
If sellers overvalue their items t hey can get banned on whatnot. It 8s not allowed.
600k in 6 months? You're a Madman
600k in sales !!! 😱😱😱 that’s amazing !
I want to be you when I grow up!!!
🕶👍
What’s the net?
I was watching your shows and knew to work night and asked a couple questions and one of your moderators kicked me out and I’ve never been able to get back onto a show. I felt like they were over reacting and my vision is not great so maybe there was information that I was not seeing so I was asking questions. I think you should chat with your moderators about this and I would love to come back on now that I am also a seller and also have more information.
you hadn't learned anything if you are still using large USPS priority boxes
There are large USPS shipping boxes and large flat rate shipping boxes….they are different.
Can u use your own boxes and owl label? Pirateship what im using its very cheap
10k on the bay has come a long way! Yep followed back then five years ago dumb ass I should have kept up with you and done your plan! I'm back at it again Five a day hoping to get to that 1K a week I'd be well happy with just that.
Are you or is anyone in your resller's mentorship involved in the used parts category? I'm looking to gain knowledge from like minded, serious people that take action and have discipline and accountability. Also hoping someone is in the same category as me so we can spit ideas. I have a few for sourcing that are pretty legit. Thanks in advance!
We have an entire car parts community in the group
$600k??? Jesussss
Appreciate you🔥