I waited going full-time until my retirement & insurance package started. I started eBay in 2001 part-time & I switched to full-time in 2021 the key to going self employed is multiple streamline incomes & changing with the trends.
Ive had a large eBay store for several years now. Reselling is an incredibly cash intensive business, and it’s good you’re acknowledging that early on as opposed to when you’re too far down the road. Add on to the cash spent in product the fact that eBay adds new ways to nickel and dime you every day and margins start to shrink fast. For those who may considering going full time I’d suggest figuring out what number of items and sales you need to be comfortable from a financial perspective, build up to that in your free time, and then consider leaving your job. New Inventory should really be just to backfill what sold at that point to prevent you from having to shell out a ton to get to a sustainable level.
I think doing reselling as a hobby that pays in addition to a full time job and scale up over time is best. Gary Vee got alot of people to jump head first into this & fail. Kudos to you!
I have a great full time job. I sell as a hobby. I rarely buy inventory. I get almost all my inventory free. I live in affluent area where they throwout so much good stuff I can sell it's unbelievable. Sometimes they will put a table out at the curb and post a free sign on it. I also see people that are moving. I ask if they need help getting rid of anything. I take what I can sell. And donate the rest. I also have one company that I dumpster dive near my work. I make money off that one dumpster monthly. As soon as my side hustle/hobby turns into work. I think I will lose interest.
I'm in River Forest IL. Where are you picking? I even have 2 Frank Lloyd Wright homes on my block. The picking here is crazy good. And my favorite flavor, FREE! @@BelleResells
"real jobs" can be less work and more money. But whatever makes you and your family happy - I believe you can truly do anything. You've got that entrepreneur mindset, "real jobs" need that, too.
I love buying and reselling. I don't do it as a full time job. I also don't do Ebay, Amazon, Etsy or any other paying fees online store platforms. I sell my stuff at flea markets, community sales, Event/Festival tent sales, Garage sales. Only online stuff I do is sale on Craigslist and Facebook Market. But those online platforms. I met with them, I don't ship to them. Make plenty to help me over my regular paycheck. At least I can go on two week vacations every year and afford a few men toys.
Diversify, don't get stuck in one market on one platform. That's the biggest lesson over 15 years. If you don't you are dependant on a platform or on the market for your niche products.
Reselling used stuff just didn't scale for me. Huge grind too. I switched to Amazon and haven't looked back. It's far easier to source, scale and outsource tasks. There's certainly a learning curve, but the business you end up with is more desirable.
@@eduardomoon6610 it can be done from home using software and the Internet. Plus you can find one profitable product and sell it maybe 25 times a month every month vs starting from scratch with every product like you do with eBay.
Full time videogame reseller going on 3yr and I'm approaching 250k gross this year It's a grind but when your money consistently grows daily its intense
That’s awesome I’m video game reselling on the side currently. I work full time as a firefighter paramedic and own a gym that my wife runs full time. I want a brick and mortar store. I’ve built a nice inventory but any advice on finding ways to buy games? Our goodwills don’t sell them except for auctions. The cold haults any yard sales etc for half the year. I have cash and can’t find enough inventory.
@@Jameson11ink I’ve thought about that but paying taxes on it then reselling paying fees and taxes. I haven’t seen many that would be profitable. I Guess I could get better at looking into it more.
The problem I see with a lot of UA-cam resellers is that they don’t really know what they’re doing, and they whine about how eBay or whatever platform they sell on is causing them not to make money, but the truth is they just don’t know what they’re doing.
Are you saying I don't know what I'm doing? Or just a general statement? I've never complained about ebay. It's the best platform in the world to sell on imo.
I think about how great it would be to do eBay reselling full-time. I work full time 55+ hours a weeks and have a family of five with some pretty time intensive hobbies. So the thought of doing eBay alone doesn't seem logical in my timeline but never know in the future. I have to ask was there some since of bittersweet feeling going back to work and knowing that you will get a paycheck almost guaranteed again?
It made the eBay become a little more fun knowing I'm not depending solely on it to support my family. I do miss the freedom, although my current job is pretty flexible
Your paying up way too much for game lots. Fees and taxes and accepting offers will take a chunk off the top. Find more niches and grow your knowledge. Reselling games. Everyone and their grandma is looking for them.
I do sell other stuff too, but it's easy to get burned out if you're not selling what you enjoy. Plus I don't have much space to store my inventory. But you're right, everyone is doing it. I'm still growing my knowledge base and maybe I'll find some other stuff that I'm interested in
@commoncentsflips4030 Tell me if I'm way off. But this is how I think. Ebay is going to take 15% with fees on average depending. Taxes will take 25%. So that's 40% off the top of profit. Not included if the electonics don't work. So someone paying me 60% in cash is high.
@@gammaant78 Not quite. Taxes is probably more like 15%, but not 15% of the whole sale. 15% of the profit. So if I pay $60 for something $100 in value, I'll profit roughly $15. Minus 15% for taxes, I'll profit roughly $12.75
Diversify man.. I used to want to sell video games exclusively .. I actually dont even mess with it unless I stumble across something I dont actively look. There is so much else out there that people look for and want. Vintage clothing, stereo pieces, remotes, baseball gear, sports team memorabilia. I sold videogames because I liked video games.. but the mark up is slim to none nowadays
You picked the wrong niche, that’s a super competitive niche. Let’s say you picked the clothes niche, if you spent $30,000 ,you would probably pull in at least $100,000 probably more. I don’t do either of those niches and I at least double, triple my money on things I sell, a lot times way more the.
Yeah that's probably true. I'm working full time now and just reselling on the side, so I mainly just stick with stuff I enjoy. Most other niches just don't interest me. I hate reselling clothes.
This like seeing your hero get beaten up…. Lol, Seriously though, I also fell out of reselling games, doing the math I invested like 1000 made only 400 it’s fun but a lot of luck too. Good luck to you though
Difficult to get the stock for a cheap price to make a profit. Most know what they have. They Not selling Contra or Mike Tyson’s punch out on the NES for 50 cents
When you figure the value of the games are you subtracted the cost to ship them? For example if a game is selling on eBay for $30 free shipping or $25 with $5 shipping, are you setting your value point at $30 or $25?
@@commoncentsflips4030 Thank you. I had to revamp my spreadsheet, but I couldn't figure out why I wasn't turning the profit correctly. Love the videos.
Thanks! I'm definitely going to continue to resell. I really enjoy it. But it's going to go back to being a side hustle and not my only source of income
@@commoncentsflips4030 if you really were a full time seller for 2 years then you should already know the benefits of working for yourself instead of working for someone else and making them money.... If you weren't making any money, then you either wasn't selling the right items or sourcing stuff very well. After you have been in sales a long time, you learn that you make your money when you buy something, not when you sell it. Improve your buying skills and everything else will work better. Best of luck.
Unless you buy everything in life direct from a manufacturer you are involved in getting scammed according to your statement. How does it make you feel that you are getting scammed on a regular basis?
I waited going full-time until my retirement & insurance package started. I started eBay in 2001 part-time & I switched to full-time in 2021 the key to going self employed is multiple streamline incomes & changing with the trends.
Ive had a large eBay store for several years now. Reselling is an incredibly cash intensive business, and it’s good you’re acknowledging that early on as opposed to when you’re too far down the road. Add on to the cash spent in product the fact that eBay adds new ways to nickel and dime you every day and margins start to shrink fast. For those who may considering going full time I’d suggest figuring out what number of items and sales you need to be comfortable from a financial perspective, build up to that in your free time, and then consider leaving your job. New Inventory should really be just to backfill what sold at that point to prevent you from having to shell out a ton to get to a sustainable level.
I think doing reselling as a hobby that pays in addition to a full time job and scale up over time is best. Gary Vee got alot of people to jump head first into this & fail. Kudos to you!
Thanks! Hopefully I'll be able to continue to scale once I start my "real job" :-)
Gary Vee is a total scam artist taking advantage of young gullible people in their 20's
I have a great full time job. I sell as a hobby. I rarely buy inventory. I get almost all my inventory free. I live in affluent area where they throwout so much good stuff I can sell it's unbelievable. Sometimes they will put a table out at the curb and post a free sign on it. I also see people that are moving. I ask if they need help getting rid of anything. I take what I can sell. And donate the rest. I also have one company that I dumpster dive near my work. I make money off that one dumpster monthly. As soon as my side hustle/hobby turns into work. I think I will lose interest.
im so glad i came across this comment @bobpeters2654 i'm in the same boat
I'm in River Forest IL. Where are you picking? I even have 2 Frank Lloyd Wright homes on my block. The picking here is crazy good. And my favorite flavor, FREE! @@BelleResells
To be clear, I'm going to continue to resell as a hobby/side hustle. And I'll definitely be posting more videos - both "long" and short.
Thanks for sharing, lots of freedom with flipping stuff part time!
Same story for me on UA-cam, the money just evaporated yet Google profits keep going up. I'm glad you have gone back to a normal job. I know it sucks
"real jobs" can be less work and more money. But whatever makes you and your family happy - I believe you can truly do anything. You've got that entrepreneur mindset, "real jobs" need that, too.
Thanks man, I really appreciate your support!!
I love buying and reselling. I don't do it as a full time job. I also don't do Ebay, Amazon, Etsy or any other paying fees online store platforms. I sell my stuff at flea markets, community sales, Event/Festival tent sales, Garage sales. Only online stuff I do is sale on Craigslist and Facebook Market. But those online platforms. I met with them, I don't ship to them. Make plenty to help me over my regular paycheck. At least I can go on two week vacations every year and afford a few men toys.
Diversify, don't get stuck in one market on one platform. That's the biggest lesson over 15 years. If you don't you are dependant on a platform or on the market for your niche products.
New subscriber here! Thanks for a knowledgeable video ! I appreciate your honestly and you sharing your experience!
Thank you!
Reselling used stuff just didn't scale for me. Huge grind too. I switched to Amazon and haven't looked back. It's far easier to source, scale and outsource tasks. There's certainly a learning curve, but the business you end up with is more desirable.
How is it easier to source things to sell on Amazon opposed to eBay?
@@eduardomoon6610 it can be done from home using software and the Internet. Plus you can find one profitable product and sell it maybe 25 times a month every month vs starting from scratch with every product like you do with eBay.
Full time videogame reseller going on 3yr and I'm approaching 250k gross this year
It's a grind but when your money consistently grows daily its intense
Nice! You've been doing great putting out YT vids lately. Looks like your longer form is gaining some traction.
That’s awesome I’m video game reselling on the side currently. I work full time as a firefighter paramedic and own a gym that my wife runs full time. I want a brick and mortar store. I’ve built a nice inventory but any advice on finding ways to buy games? Our goodwills don’t sell them except for auctions. The cold haults any yard sales etc for half the year. I have cash and can’t find enough inventory.
@@jaronweaver I source entirely on ebay
@@Jameson11ink I’ve thought about that but paying taxes on it then reselling paying fees and taxes. I haven’t seen many that would be profitable. I Guess I could get better at looking into it more.
The problem I see with a lot of UA-cam resellers is that they don’t really know what they’re doing, and they whine about how eBay or whatever platform they sell on is causing them not to make money, but the truth is they just don’t know what they’re doing.
Are you saying I don't know what I'm doing? Or just a general statement? I've never complained about ebay. It's the best platform in the world to sell on imo.
@@commoncentsflips4030 in general.
Exactly....I've been full time online since 1999 and these guys are laughable
@@bestprice1776 How so?
Yes it's what he is saying
I thought you had quit already. Your stuff hasn't been in my feed since the summer.
I hope it all works out for you!
I haven't been posting a lot lately but still every once in a while. Hopefully a little more often now. Thanks for your support!!
I'm sorry brother but I really appreciate and respect the honesty
I think about how great it would be to do eBay reselling full-time. I work full time 55+ hours a weeks and have a family of five with some pretty time intensive hobbies. So the thought of doing eBay alone doesn't seem logical in my timeline but never know in the future. I have to ask was there some since of bittersweet feeling going back to work and knowing that you will get a paycheck almost guaranteed again?
It made the eBay become a little more fun knowing I'm not depending solely on it to support my family. I do miss the freedom, although my current job is pretty flexible
@@commoncentsflips4030 well that's great! I wish you success!
Your paying up way too much for game lots. Fees and taxes and accepting offers will take a chunk off the top. Find more niches and grow your knowledge. Reselling games. Everyone and their grandma is looking for them.
I do sell other stuff too, but it's easy to get burned out if you're not selling what you enjoy. Plus I don't have much space to store my inventory. But you're right, everyone is doing it. I'm still growing my knowledge base and maybe I'll find some other stuff that I'm interested in
@commoncentsflips4030 Tell me if I'm way off. But this is how I think. Ebay is going to take 15% with fees on average depending. Taxes will take 25%. So that's 40% off the top of profit. Not included if the electonics don't work. So someone paying me 60% in cash is high.
@@gammaant78 Not quite. Taxes is probably more like 15%, but not 15% of the whole sale. 15% of the profit. So if I pay $60 for something $100 in value, I'll profit roughly $15. Minus 15% for taxes, I'll profit roughly $12.75
@@commoncentsflips4030 Thanks for the feedback.
Diversify man.. I used to want to sell video games exclusively .. I actually dont even mess with it unless I stumble across something I dont actively look. There is so much else out there that people look for and want. Vintage clothing, stereo pieces, remotes, baseball gear, sports team memorabilia. I sold videogames because I liked video games.. but the mark up is slim to none nowadays
I don't sell video games exclusively. If I come across a good deal on pretty much anything I'll sell it
Keep growing brother
Thanks! I'll definitely be trying
You picked the wrong niche, that’s a super competitive niche. Let’s say you picked the clothes niche, if you spent $30,000 ,you would probably pull in at least $100,000 probably more. I don’t do either of those niches and I at least double, triple my money on things I sell, a lot times way more the.
Yeah that's probably true. I'm working full time now and just reselling on the side, so I mainly just stick with stuff I enjoy. Most other niches just don't interest me. I hate reselling clothes.
How would someone get ahold of you if they have a large lot of games they are interested in selling?
Hey! My FB is in the description. You can message me there, or check out my channel description and send me an email.
This like seeing your hero get beaten up…. Lol, Seriously though, I also fell out of reselling games, doing the math I invested like 1000 made only 400 it’s fun but a lot of luck too. Good luck to you though
Haha, thanks! I'll still be reselling and posting videos, just not reselling exclusively
Difficult to get the stock for a cheap price to make a profit. Most know what they have. They Not selling Contra or Mike Tyson’s punch out on the NES for 50 cents
When you figure the value of the games are you subtracted the cost to ship them? For example if a game is selling on eBay for $30 free shipping or $25 with $5 shipping, are you setting your value point at $30 or $25?
Yes, I ways consider shipping
@@commoncentsflips4030 Thank you. I had to revamp my spreadsheet, but I couldn't figure out why I wasn't turning the profit correctly. Love the videos.
@@rmhouck6 thanks!
Reselling is not for everyone. Enjoy your new job Willy Loman.
Thanks! I'm definitely going to continue to resell. I really enjoy it. But it's going to go back to being a side hustle and not my only source of income
You love it? I guess when the going gets tough, the tough find a full time job. lol
@@thetalentedmrdp6745 What's the point of harassing someone online for no particular reason?
@@brian4180 He put out a video with a comment area. I made my comments, that's it. YOU are now harassing me.
Your margins are too high - for those big lots you should be closer to 40%
That would be nice. But then I'd never buy big lots because people won't sell for 40%
So tired of click bait😂! Get a life guys
How is this click bait? I'm working a full time job now and only reselling on the side.
IRS loves you.
You're reselling junk and not high ticket items and if that's your case, then you should only do it part-time
? I'm not reselling junk
Some people need bosses to tell them what to do..... LoL
Some people make themselves feel better by belittling others 🤷
@@commoncentsflips4030 if you really were a full time seller for 2 years then you should already know the benefits of working for yourself instead of working for someone else and making them money.... If you weren't making any money, then you either wasn't selling the right items or sourcing stuff very well. After you have been in sales a long time, you learn that you make your money when you buy something, not when you sell it. Improve your buying skills and everything else will work better. Best of luck.
Amateurs LoL..... I've been full time online since 1999 🤑
Congrats
Prove it 😂
Nonce
Nonce
Nonce
imagine trying to do it as a full time job lmao
Lots of people doing it. It's a lot of fun actually
Not very smart more of a hobby@@commoncentsflips4030
don't quit day job for this unless it's successful@@commoncentsflips4030
Reselling is a scam for both seller and buyer
How so?
Tell that to the thousands of thankful buyers leaving great feedback on eBay and Amazon lol
Nice response 🎉
There are lots of everyday businesses that resell it's not only eBay and not only online. I appreciate your content and wish you the best!
Unless you buy everything in life direct from a manufacturer you are involved in getting scammed according to your statement. How does it make you feel that you are getting scammed on a regular basis?
Thanks for sharing, lots of freedom with flipping stuff part time!