We Need To Talk About The Future Of Reselling
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- Опубліковано 2 тра 2018
- Things are changing in reselling business. Visit my shop Trading Post in Crystal Lake IL.
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Craigslist Hunter
7100 Teckler Blvd
Crystal Lake IL 60014 - Розваги
I quickly realized how difficult reselling can be. There is far more to it then most of these UA-camrs mention in there videos. Although, I love the raw information you provide in your videos. Keep it up! Have a great day
I think the thrift stores raising their prices has a lot to do with people giving up. Goodwills and Savers are everywhere, many people relied on them for sourcing and made it easy for people to get into the game. It was so much easier to find things from those stores a few years ago, now I don't bother with 90% of them.
People just don't wanna work these days!! They come into this thinking it's just gonna be all gravy on the side cash in pocket then they find out real quick that it's hard work and like running your own business, especially if you want to actually bring in $$! I have had 3-5 personal friends/girlfriends that need money bad and had no job & kids to feed and I offered to teach them all I know about the game and sat them side by side to me and my PC with a laptop showing them how to do everything.......1-3 days into it they all were like "shit...this isn't fun...this is hard work!" and I look over at the laptop and they are on Facebook or pandora just piddling and not researching or posting jack shit! PEOPLE ARE LAZY ANYMORE AND JUST WANT MONEY GIVEN TO THEM WITH OUT HAVING TO DO SHIT! So maybe its good for us who care enough to learn and put in the work.......maybe
Never give money to people who don't want to help themselves. You are right, people are lazy as fuck and everyone wants handouts.
Yep! That's pretty much exactly how my experiences with people have turned out!! Then when seen the chick was using the laptop I gave her to just fuck off on FB.....I snatched that shit right up out her face & said "sorry but this ain't why i'm letting you use my shit! Plus you wasted my GD time trying to help your lazy ass"! Then I end up being the dick but oh well!! lol
Sad commentary on how lazy people are. The don't want to do any type of work at all, let alone reselling. That's why I hate free government handouts. People have no incentive to do for themselves.
The real problem is that all of the thrift stores are charging more because they see the increase in demand based on TV shows and UA-cam channels. I live in metro Detroit and Salvation Army used to sell t-shirts for $0.50 to $1. Now those same items are $2-5 if not more.
Salvation Army is gouging on prices over here
It's all fun and games, then one has to research, photograph, list, package, etc., all those fun 'treasure hunting' finds, day after day, and then it isn't so fun anymore and they quit.
So true.
You summed it up.
Thank you Pete. Been doing this two years part time and working 40 hours a week. My store is growing and hoping to go full time. Very good news
Pete I’ve been going at it for around 6 months now & I’m learning new things everyday. Whst to sell, what not to sell, price points, etc. shipping took awhile to figure out, but I’m quickly catching on. I started watching you several months back & have learned more from you then all others combined. Thanks for the insight
I don't even resale. Your videos are entertaining and are informative like this one.
House is looking nice!
very nice house!
This is what I think happened: the "Ebay gurus" saturated the market by telling people what brands to sells... Everybody started selling the same things... And the funny thing is I've seen some of those gurus asking what's going on... What happened to their sales?
Lacy Whitestone yep. As long as these YT personalities can make their money off US thats all they care about. Buy my book, subscribe to this yadda yadda. One big name in particular that I won't mention " profits" from this nicely
The sold videos floods the market and now the old guys sit around in cool t shirt and receding hairlines and complain what happened?
EBay is the only business I seen were you get on UA-cam and feed your competitors
Raiken :)
A lot of reseller channels are falling off. Lol finally. I think after tax time people realized they worked 100 hours per week and only made like 8K profit last year.
hahahaahaahaahahaahahaahahaahaahahaahaahaahahaahahaahaha
Crystal, if you are working ebay like a normal job then you need to make 50 cents per minute over 2080 hours and that equals $62,400. So every interaction with that item you are on the clock. That means sourcing, listing, shipping and any other administrative tasks. If you think you will make $5 on an item then your time spent with that item can't be more than 10 minutes or you are below target. An example of the 100 hour 8k profit is the idea of selling dollar store items on ebay. There are videos of people showing how they wrap up two bottles of shampoo or lotion to ship and the time spent doing that already puts them below minimum wage.
@Crystal - Yes, it's possible. I hit somewhere in between those numbers last year. It takes work, an extensive inventory (the more in-demand things you have for sale, the more money you'll make), research what people are looking for (this will take experience through time as well). Then buy low, and sell high on these items. Now, sure, people know the cliche phrase "buy low, sell high", but do they actually apply it in their business? It's important that they do. The inventory they pick up has got to have a good margin for it to be worth their time and effort to list. If you're only making a few dollars after all the fees are deducted on something you have to source, picture, measure, create a listing, package (when sold), and take to the post office, in my view, that's not really worth it. Sure, that business model could work for a period of time, but you're gonna burn yourself out and realize that you're not making much. Your time has to be valued, so find items that have good margins. Figure out what niche you want to go in, what people want in that niche, and where to repeatedly source those items.
I've been saying the same thing, storage auctions are cheaper now and I feel like the fad is over for reselling. It's a hard job, I've been doing it for 5 years.
Great video Pete, hope the quitting smoking is going well.
Thanks so much for this. I’m more encouraged than ever!
I am glad to hear something that gives me hope! Thanks!
Thanks Pete...nice property, House, floors... very nice! My reselling on eBay has steadily grown in the last year. I’m so,happy with the extra income. I watch videos like yours every day and have for at least 3 years...it’s my selling school. Thanks for all you share
I'm willing to bet eBay has more sellers on it's platform than it's had in a long time or ever same with Amazon. As far as UA-cam reselling content there is only so much to talk about that's actually interesting and or helpful it's the people who are naturally entertaining and creative enough to keep people coming back.
Hi Pete. Love your vids. I just wanted to say I think it's really helpful to see you saying 'No' to someone in the shop trying to sell you something (because there is no money in it for you). Saying 'No' to people trying to sell to you is an important lesson for all resellers to learn. It can save you a lot of hassle and wasted money. I bought some stuff before and wasted money.. Cheers again. Mike UK
Awesome! I've been selling since 2014 and this is my best year so far.
Thanks Pete - I always look forward to hearing from you
Thanks for the videos, Pete. You're one of the few that gives useful, honest info and your integrity speaks volumes!
Not everyone is cut out to be self employed!
FunwayFreeway right. They might have a bad boss!
Pete, Enjoy your videos and LEARN alot form your videos, Hope your well and Take care and Keep the videos coming
Thanks Pete, Your are a work-a-holic. Nice work on the homestead. Cheers !!!*****.
I always look forward to your videos. Thank you.
Hi Pete, I've been watching your videos since the beginning of 2018 - I appreciate the insight and time that you put in. All the best.
Pete. I noticed some similar trends. Many are saying ebay is "dead" and are trying different things. We made some adjustments a couple of years ago and we are doing great in a couple of niche categories. Recently there has been an over abundance of desirable merchandise at the thrift stores and I haven't run into any other resellers this year, except for a cashier at Goodwill. It is a lot of work maintaining a high volume store with only two people. The last job I had required 70 hour work weeks and running all day long without breaks. Now, I feel like I'm working part time and loving it. Mike
I'm on a Craigslist hunter binge. I love your channel it's one of my favorites! Please never stop uploading.
Tried the clothing game and quickly learned it's a lot of work for little return. Now I'm back to vintage stuff and doing much better again, plus it's what I know and am passionate about, so that helps.
Thanks for all you do Pete,
Colleen
Your house looks great! Enjoyed hearing your thoughts. This is great news for us all 😊
Basement floor looks great Pete! Maybe kind of chilly in winter though.
I don't watch many of the reseller channels because they're full of it. They just don't tell it how it really is. I follow the few that do tell it like it is. I hit the bell but I don't get all the notifications either.
that's why I like these vids, most of them are of him actually doing business, or his people handling it, whatever, but he shows it getting done. There are a few others that do similarly, but most are frauds I think.
100% true. The entrprenuer world on UA-cam is mostly 95% promotions, con-men or cancer.
yep... say anyone remember which vid has the way to make a box resize in it? I find myself having to do that often recently. I'm too cheap to pay around 20 dollars for a store bought one.
toot tall idk man.
IDK? I don't know? I don't speak text abbreviations. I don't text, and don't want to learn how. I see it as useless. it's a phone, just call, if that's not what you want to do, email.
Excellent I’m still in the game and growing. Great video Pete.
That's great news for us who are still in it, Pete. Thanks for all the great content as always!!
Great vlog and your house looks fantastic!!!
Thanks Pete!!!
Funny I’ve noticed this too. I think you’re absolutely correct. People not willing to put in the effort have realized it’s tougher than they thought. They came and left. My store is doing just fine and I don’t plan on stopping any time soon. Hustle on my friends
With all the potential distractions while working at home, it's easy to see why people get off track. It takes a certain mentality to do something you don't really want to do on a consistent basis. It's work, plain and simple.
I literally turn off the phone for hours while I am working.
I am glad to hear the competition is declining some does for sure make it better for us. I have recently learned how I was doing my business wrong before and am about to correct my fault. That is thanks to the community of UA-cam resellers! Love your Videos man good insight and very good content. Enjoy watching your newest uploads.
I just started reselling about 6 months ago and get discouraged, but your vid picked me back up. I'm going to keep pushing and learning! Thanks Pete!
Thank you for this my brick and mortar is starting our 5th year its a Comic book and collectible shop I do a lot of buying in and out of my niche your videos have been very helpful and encouraging.
I loved hearing all of the different birds. Towards the end they were really noticable. ✌💜🤪
Thanks for sharing those basement floor photos... they are AWESOME! I'm planning to do that same technique in my kitchen (for an industrial look) and your video just gave me some added confidence that I can pull it off! Happy to see you think some of the competition is wearing down. I'm relatively new to the game but I HAVE TO make it work because my family situation requires that I work from home with a flexible schedule. I'm NOT going ANYWHERE! LOL You were my inspiration to get started and so far it's going well and I'm building up to a 'comfortable' income. Appreciate these videos... THANKS again!
Awesome point of view has encouraged me to keep going!!
Didn't know about that bell, now I put the bell on, looking forward to the next one and hopefully catch you live one day! been watching for years and usually watch while I am listing stuff
thanks for the encouragement! God Bless, Sherry:)
Thanks for the positive thoughts on reselling Pete!
Thank u, this is helpful and hopeful!
Your basement is beautiful! I can't wait to see the whole finished product!
Good video. House is looking good from what I see. Thank you for your channel.
Thank you! I have been growing my ebay and etsy as well as side flea market business. Started as a hobby and is now a nice supplemental to my real job. I never believed the talk about quit your real job.
It's a challenging business on several levels but I think the hardest thing for most people is the unpredictable nature of it ... No steady paycheck...its all on you..etc. I still see lots of new people all the time but I think its true that 95% of them will not last.
Thanks for posting this, Pete! I just put in my last day of work last week, and I'll be going full time in 60 days. Feels incredible.
Your house is coming along beautifully!! Love that basement floor!! We have so much to do, but struggling to find the time. Kudos!
You have the best reselling channel and I always have a lot of confidence in your info
thanks for the videos they've helped me
Great content as usual. When I first started searching for reselling channels on youtube, it only took me one day to decide to follow you and ralliroots due to your content and straightforwardness. That has not changed since then and the only channels I watch related to reselling. I noticed most people fall off because they do not fix or improve on things they learned especially with how much they pay for their inventory.
Perfect timing. Not close to giving up, but was feeling sad that I put so much work into my store and see these listings with garbage pictures and no info and feel like wow, someone will buy that? Thanks for all your videos. Love them.
You're absolutely on point with this. Cheers
I'm still in the game! Thanks for sharing your insights!
Outstanding insight.. this should motivate the people who are getting discouraged.. Really good video 💪 The future is bright for those of us who are still in the game!
I agree, a lot of value in these videos. Reselling is my favorite business because of the awesome things you come across and the adventure of searching for treasure!
The adventures keeps it exciting 😃
I know this is a late comment but I do appreciate all of your vids. I was sick for about a year and our store ran down but I've now ended my listings one by one and then hit "sell similar" and resisted with the items with upgraded info and we are slowly building back up.... and yes I have a lot of clothing inventory to sell through but I'm spreading out to more less competitive niches.. I"m actually going two directions at once. Dealing with vintage smalls and getting into vintage electronics. Learning as I go but thanks to watching youtubes by yourself and "The Auction Professor" , I'm stepping forward and moving into the future and away from clothing...
I totally agree! I'm in it for the long haul! I've noticed here, in BC Canada anyway, that the prices are going up for the Thrift shops but that they also have signs on the doors every few weeks that say "Not accepting any more items at this time" So I think they will start to lower the prices if things aren't selling at their ridiculous prices. I can always find some real gems in the stores that they don't price high, just have to spend more time looking. Thanks Pete for all your great information.
Your helpful because I would like to start selling. That is awesome that you try to let people know what is selling and little tips.
Thanks Pete! Really like the floors! I appreciate your insight on the reselling future. My wife and I have been reselling full time since 2007. It is a lot of hard work, but it has been really nice to raise our 3 children while working from home. Best wishes! -Steven
Basement floor looks GREAT.
love the optimism!! the house is lovely
Knew it would happen. Just like couponing was years back.
To be fair who the fuck gets a paper or even advert coupons in the mail anymore really? You have to get online and find them. I think mine stopped about 2 years ago completely. I live in a mid major city with a pro sports team.
Hey Pete. I have slowed down my reselling business. I have always been part time about 150 items for sale. I've cut that in half. I plan to always stay in the game. More of a hobby for me now. I have only watched you, Chad & Ronnie. I appreciate your time & wisdom.
I'm amazed at the data you provided. I would have thought maybe 50% would have stopped selling.
Pete, I have thought this would happen for a while with no real data; just making assumpsions and having a good understanding about human nature. This business is no get rich scheme and is only for someone who really loves what they do. I really appreciate you providing this information; it confirms a theory I had and helps relieve concerns of saturated markets. That was a good idea to go back and check viewer's stores who have reached out to you.
Love your house and I love your videos. You use a lot of good common sense. I guess one the reasons I am still reselling is because I simply like doing it.
Pete I agree, I have been doing this now for exactly a year sale are up , average selling price is up and what I pick is better and better, for me is continuing to watch other resellers, and learn everyday is the key, I started my UA-cam channel to help out other Canadian reseller, not a big following yet but I have helped a few on shipping tips, buying tips and over all eBay Canada insights, My ebay store has been around since 1999, but the format I am selling in has been around for only one year. Watching guys like you has given me the confidence and knowledge for my business to grow from 0 to 5 to 6 k in sales a month, hoping to hit 10k a month in the coming year. The secret in this game is to keep working hard everyday, Thanks again!!!!
Hustle and adapt the true hustler will always be there keep up the good work I'm glad it's yardsale season here in the 814 again🤘🖖
I love it. I have been selling as a collector hobbiest for about 3 years and started this year full time. I’ve had some success and monthly growth. This is a retirement business for me and I have the luxury of saved funds to grow my business in a methodical and managed way. Your video is very encouraging for those of us who aren’t afraid to roll up our sleeves and work. 😀👍
I love that floor technique, I love the Chicago area. Great insight today.
Thanks Pete, great video.
I'm glad to hear this! I always resell locally but need sell more on ebay. I still old school.
The floor is amazing! Gorgeous house Pete!
I have been buying and selling for over 17 years and love it. It is out of necessity that I am trying to slowly step up my game and started working harder. My husband left me in 2016 and now I starting my own you tube channel and working my eBay store more. Slow going but I am setting goals for myself. Always have lived this business.
Your insight on the game is like having my personal bookie. I implement these tidbits and Ebay is growing for us. Tenacity & the hours of doing it pay off. Thanx Pete, Cheers
Great video Pete, love the data!!!! Fyi your house is beautiful!
Love the house! Great job!
Pete your down stairs looks great you are really doing a great job!
You are one of my favorite you tubers. Enjoy your vids.
What I've seen most is people think its list and forget the item. Which is a huge recipe for disaster prices on items change constantly especially clothing. Great insight!
Hi Pete, you're doing an awesome job on your house, looking great.
I started October 2017 and October 2018 one year doing reselling and I tell you what it is fun. I sold over 200 items and keep 40 items listed all the time and my goal is 10 or more on sells. Yes I have to have patience and yes sometime they don't but you know what I'm leaning. And my pictures are getting better. I like to thank you for your advice. Again thank you.
Like always. Great stuff!
I'm just getting back into it part time after my house burnt down a couple years ago. I love the "hunt" and hearing the Cha-Ching of a sale.
You have lovely home Pete. Floor certainly beautiful. Love from Australia 🌞❄️
Thanks for the video! :)
You have a beautiful home! Great work.
I got your notifications, thanks for the info. I just stick to what I know on reselling and operate a very tiny reseller store for magic cards. Thanks for all your content and good luck with the shower tile and backyard! Cya, Sean C @ Gamer Treasures
First comment,
Great Video, about 1 year since i started reselling and this is my best month of pure reselling yet. I am lucky to have a base product I sell that keeps me stable but, I need to better organize my operations so I can spend more time building my inventory. If you ever need any silica gels, I am your man!
Love the positivity.
Thx buddy for the info
The reselling Bubble has Burst??? I can only hope so.
Thank you Pete for saying it outloud !! I can see it, I can feel it...for one: the Gary V Flip Challenge 2017 flood gate is swinging back the other way ...and another: the rose glasses are tarnishing on several of the over zealous reseller/UA-cam newbies...I'm pretty excited for the opportunity boost from the predictable fallout. I sound a bit snarky, LOL, probably so on this topic :)
I like it clear out the dead weight.
I think the popularity of reseller really rose with shows like Pawnstars, people see customers selling things worth $1000+ that they picked up from garage sales or attics and they all hoped that they can do the same, but to their surprise, not only do you need to be lucky to be successful as a reseller, you need to WORK HARD.