I would love it if you start a secret closet with no social media ties and no viewers coming in. I want to hear your objective take on starting from scratch in 2023. Give it 30 days, and then tell us how it went!!
@Claire Lee Social media has a huge influence obviously. But hitting 10 sales a day isn't impossible without it. I've only been reselling fulltime and taking it seriously for 6 months and I'd say I average 5-7 per day sticking to 3 types of items. Used clothing..vintage antiques..and vintage/used gaming products over ebay and Facebook. Just gotta find what items sell best on what site. Once you figure out the details..the rest is just posting frequency. I tried the buy 30 items and be an over achiever.. listing everything In an hour..and learned its not nearly as effective as splitting up those 30 listings over 3 days. He's got thousands of listings..I only have 100...if I can average 5 a day with that little inventory..then he should average 5x the sales I have without social media just because of sheer volume. I think social media just allows him to sell 2-3X his normal sales. I'm also a strong believer that if I had the money to hire a cute girl to host/run facebook...poshmark..Instagram lives etc I would prolly make 3x the sales. In time..
I feel like this questions comes from the wrong mindset. Like the underlying message you want to suggest is that he wouldn't be as successful without the social media. This kinda makes no sense because if he didn't have any social media, he'd have more time to spend on improving the business. Like you essentially want to take like 8 hours out of his week and ask him how he would do on poshmark compared to you. I think the answer is obviously he'd have a better store if he focused on one thing unless his socials explode/ go viral. And you somehow also suggest that starting in 2023 is a different game to whenever he started. This is kind of true but it doesn't matter, either you work at it or you don't. I personally think 30 days is a very short time to start a business. I think the reason people say this is more of a side hustle is because your growth can only come so fast with these algorithms, and then quit your job after you can ride the momentum of your shop to full time. No offence just giving my honest opinion.
I have to say thank you. I found an item with $30 profit today because I kept looking...I was determined to find one item with our $20 profit goal and I exceeded the $20! Bought today and sold today! Thanks for helping me to know what is better!
@@dailyrefinement I agree and we want to create the best value for the customer but what happens when all comps are in the toilet? I worked in retail for over 25 years and customers love sales but once that sale end it’s back at market value until they want to clearance it out. I’m not disagreeing with you I just think sometimes we are training the customers to low ball us
Hi Chris, Thank you for your advice! You are always so positive, upbeat, and motivating. I was ready to call it quits with eBay, but now I think I will give it another try, using the method you discussed. If I am selling and making a profit, even if it’s not a huge profit, it is better than leaving the item sitting on a shelf taking up space. And specializing in one type of merchandise seems so simple and efficient! Good luck with potty training duty! Love your philosophy!🤗
Yeah, I definitely have to lower my prices on Poshmark, eBay, and Mercari. It's also an inconsistency with sales - I had five sales a few days ago and since then, nothing. So I am going to discount per your recommendation and see what happens. Inventory rich, cash poor - THAT'S ME! I am so appreciative of your advice, thanks!
Great video, very inspiring, thank you! ... I looked up, copy/pasted that Maya Angelou quote so I can read it if I ever need a reminder... “Do the best you can until you know better. Then when you know better, do better.”
I want to try discounting my whole store to your recommendation as an experiment to see if my old items will sell. I will get back to you on how this went. Thanks for the idea.
ya, best way to get rid of stuff is to just bulk sell it off. take that money and sell something that moves faster. otherwise all that stuff sitting there does nothing.
Sup Chris! You guys have helped me out a ton just watching your podcasts. I'll take you up on the challenge of lowering the back end of my store. I'll discount everything older than 6 months and see what's up!!
I'm in! What's to lose? The money is already spent and it's just sitting there costing you more. Excited to do this, plus i only have 600+ listings as I'm just selling off my collection.😎
My problem is the research. Where do I do the research? Am i just looking up sold listing? Am I googling the items? What specifically am I looking for?
Thanks Chris. This was another great video, so motivating. I will accept your challenge today and cut my prices (again) to get my money back on the old items I don’t want to look at any more!
I have this problem Chris I need to discounted and sell a lot of the old listing from the past two years ago that still waiting like you said I need to take the pill and MoveOn. I’m hoping I do better decisions and learn more to pick up the right items. Thanks for sharing this video.
Yes, lose the excuses and make it happen. Too much complaining and not enough getting it done is what I see. I sell used clothing on ebay and have been for 15 years. I don't see much of a difference in sales and I'm not selling anything amazing. I don't panic over every single change that happens. I roll with the punches and improvise.
I have an "everything" replenishable ebay store with thousands of different products and I regret not just going with one or two niches. Mainly because I've realised that none of these platforms can be trusted and the only way to ever turn this into a real business (with an exit strategy) is to start and promote my own stores on my own domains. But "everything" type ecommerce stores are directly competing with the likes of Amazon and it's much easier to start and promote ecommerce stores in smaller niches.
I'm happy to buy all your baby Jordans for what you paid for them. They obviously don't sell quickly and you should liquidate them...to me...at cost :) In all seriousness you're right about narrowing sourcing down to what sells the fastest. Everyone worries too much about ASP and profit per pair. Sell through rate is so much more important especially if you're starting out.
ive been fixing my listing and using what eBay suggests as well as what great sellers such as yourself suggests i only have 222 items on i sell everything but im revamping doing better titles price comparisons and better pictures and hoping for better sales ..... im working on getting approx. 3000 items up all the time 1000 being my first major milestone and keep learning and implementing what i learn from you... its like at a dead stop right now but im trying to not get discouraged ...
When you say Poshmark reviews your listings in a day - I’ve sold thing on PM in one day-so how does that work? Are you talking about when you first start your store?
Wait! You said Poshmark wasn't something you thought was good for your business model. I just watched a video on that a few days ago. Maybe it was and old vid. So you changed your outlook on Posh?
More of “Anything” than “Everything” seller… maybe that term would be better? I take no offense on either term. As anything/everything, I do leave money on the table, but I think I re-coop it knowing approximate comps and when to not take too much time on nothing or lesser items… Kenny Roger’s, know when to fold ‘em! Thanks for the lessons!
If the lady sold 250 listings but only $3 above cost, that’s only $750 profit. That’s not worth my time. I’m ok with holding winter clothing that’s worth a lot until next winter.
Is it possible to have 2 ebay shops then? I sell clothing/shoes and vintage hardware, i dont want to drop either as i love both so my alternative is to have 2 shops so i have one for each category... Does that make sense lol its kinda what im getting from this video but im unsure if im allowed to have 2 ebay shops? Im ulin the UK but have been watching you for the last 2 years, you've helped loads, thankyou 🙂
If you have an eBay store of only 100 perfectly listed iPads, priced below market value, how quickly do you think they will sell? In other words, does the total number of listings still have an impact on how much daily traffic you get no matter the quality of item? Would Cassini allow for the selling of all 100 in a day if the demand was there?
Hey everyone. So I'm using my sister's ebay account. Can I change her ebay account to a buisness ebay account,LLC EIN, Buisness banking account under My name and SSN? Would ebay deny it becasue the LLC owner doesn't haven't the same SSN as my sister? ALSO MY PERSONAL EBAY ACCOUNT GOT SUSPENDED YEARS AGO FOR SELLING THE SAME ITEMS ON 2 EBAY ACCOUNTS. 😅
Hi cris theres no way to mesaage you in whatnot . I bought 4 pairs of torrid boyfriend jeans but only received 3 . I bought again yesterday i hope you read this so you can put in my package the missing one . I dont have any issue in my all previous purchase😊
Do you store your outer wear in boxes too? Like bulky sweatshirt and coats? My store has a lot of these items and I’m looking for the best way to store them. Thanks!
One lady hung them up can u find a extra closet in your house? Do I have one? 😂😂but I think hanging up might be best, but Chris will know better, idk 🤷♀️ how many jackets he had they are so bulky….
I would love it if you start a secret closet with no social media ties and no viewers coming in. I want to hear your objective take on starting from scratch in 2023. Give it 30 days, and then tell us how it went!!
I'd like to see this as well. As a newbie reseller I'd be interested to see if social media is important in making sales.
I believe Chris already did this once, if memory recalls correctly.
@Claire Lee Social media has a huge influence obviously. But hitting 10 sales a day isn't impossible without it. I've only been reselling fulltime and taking it seriously for 6 months and I'd say I average 5-7 per day sticking to 3 types of items. Used clothing..vintage antiques..and vintage/used gaming products over ebay and Facebook. Just gotta find what items sell best on what site. Once you figure out the details..the rest is just posting frequency. I tried the buy 30 items and be an over achiever.. listing everything In an hour..and learned its not nearly as effective as splitting up those 30 listings over 3 days. He's got thousands of listings..I only have 100...if I can average 5 a day with that little inventory..then he should average 5x the sales I have without social media just because of sheer volume. I think social media just allows him to sell 2-3X his normal sales. I'm also a strong believer that if I had the money to hire a cute girl to host/run facebook...poshmark..Instagram lives etc I would prolly make 3x the sales. In time..
This has 46 likes? Wtf
I feel like this questions comes from the wrong mindset. Like the underlying message you want to suggest is that he wouldn't be as successful without the social media. This kinda makes no sense because if he didn't have any social media, he'd have more time to spend on improving the business. Like you essentially want to take like 8 hours out of his week and ask him how he would do on poshmark compared to you. I think the answer is obviously he'd have a better store if he focused on one thing unless his socials explode/ go viral. And you somehow also suggest that starting in 2023 is a different game to whenever he started. This is kind of true but it doesn't matter, either you work at it or you don't. I personally think 30 days is a very short time to start a business. I think the reason people say this is more of a side hustle is because your growth can only come so fast with these algorithms, and then quit your job after you can ride the momentum of your shop to full time. No offence just giving my honest opinion.
Fast nickle advice. I built my store up, discount my oldest listings, listing replacements and my sales are good.
I have to say thank you. I found an item with $30 profit today because I kept looking...I was determined to find one item with our $20 profit goal and I exceeded the $20! Bought today and sold today! Thanks for helping me to know what is better!
The problem I’m having even if you discount these items people still want to send offers😢.
OMG - I was just thinking the same thing!
What’s the problem with that. Better than no offers, at least there’s some interest and you can counter
I guess? So…
@@dailyrefinement Yes, so true!
@@dailyrefinement I agree and we want to create the best value for the customer but what happens when all comps are in the toilet? I worked in retail for over 25 years and customers love sales but once that sale end it’s back at market value until they want to clearance it out. I’m not disagreeing with you I just think sometimes we are training the customers to low ball us
Hi Chris, Thank you for your advice! You are always so positive, upbeat, and motivating. I was ready to call it quits with eBay, but now I think I will give it another try, using the method you discussed. If I am selling and making a profit, even if it’s not a huge profit, it is better than leaving the item sitting on a shelf taking up space. And specializing in one type of merchandise seems so simple and efficient! Good luck with potty training duty! Love your philosophy!🤗
I love your thumbnail pics Chris! You know what the thumbnail needs, but pains you to do it!! Lol. The whole open mouth thumbnail deal! 😂😊. ❤Y’all!
Yeah, I definitely have to lower my prices on Poshmark, eBay, and Mercari. It's also an inconsistency with sales - I had five sales a few days ago and since then, nothing. So I am going to discount per your recommendation and see what happens. Inventory rich, cash poor - THAT'S ME! I am so appreciative of your advice, thanks!
Great video, very inspiring, thank you! ... I looked up, copy/pasted that Maya Angelou quote so I can read it if I ever need a reminder... “Do the best you can until you know better. Then when you know better, do better.”
I want to try discounting my whole store to your recommendation as an experiment to see if my old items will sell. I will get back to you on how this went. Thanks for the idea.
ya, best way to get rid of stuff is to just bulk sell it off. take that money and sell something that moves faster. otherwise all that stuff sitting there does nothing.
Sup Chris! You guys have helped me out a ton just watching your podcasts. I'll take you up on the challenge of lowering the back end of my store. I'll discount everything older than 6 months and see what's up!!
Not even 2 days in and I've sold 3 of my older items. Thank you so much for that advice Chris! 🔥🔥🔥
I'm in! What's to lose? The money is already spent and it's just sitting there costing you more. Excited to do this, plus i only have 600+ listings as I'm just selling off my collection.😎
This is one of your most helpful videos, thank you
My problem is the research. Where do I do the research? Am i just looking up sold listing? Am I googling the items? What specifically am I looking for?
Thanks Chris. This was another great video, so motivating. I will accept your challenge today and cut my prices (again) to get my money back on the old items I don’t want to look at any more!
Photos LOL, I'm the Posh girl that was teasing you yesterday about your messy background in your Posh photos.
Love the videos man keep it up your helping more people then you know!
People complain with their comments because they don’t want to hear the truth, they just want constant reassurance of what they believe is true.
It's not so much complaining just pointing out the obvious that eBay is broken and continually making changes for the worse.
Brilliant video again
People get mad at anything.
Screw them.
11:47 Underrated Statement
I have this problem Chris I need to discounted and sell a lot of the old listing from the past two years ago that still waiting like you said I need to take the pill and MoveOn. I’m hoping I do better decisions and learn more to pick up the right items. Thanks for sharing this video.
There’s a reason ford doesn’t make microwaves. It’s better to specialize.
You really wanna hang onto those boots don't you, Chris
Lol
Suddenly the prices at goodwill have doubled. I'm going to start expanding my sourcing.! Any advice?
Yes, lose the excuses and make it happen. Too much complaining and not enough getting it done is what I see. I sell used clothing on ebay and have been for 15 years. I don't see much of a difference in sales and I'm not selling anything amazing. I don't panic over every single change that happens. I roll with the punches and improvise.
I have an "everything" replenishable ebay store with thousands of different products and I regret not just going with one or two niches. Mainly because I've realised that none of these platforms can be trusted and the only way to ever turn this into a real business (with an exit strategy) is to start and promote my own stores on my own domains. But "everything" type ecommerce stores are directly competing with the likes of Amazon and it's much easier to start and promote ecommerce stores in smaller niches.
Love the advice.....have learned a lot from you !!
i needed to hear this, thanks chris
As usual….great info!
I'm happy to buy all your baby Jordans for what you paid for them. They obviously don't sell quickly and you should liquidate them...to me...at cost :) In all seriousness you're right about narrowing sourcing down to what sells the fastest. Everyone worries too much about ASP and profit per pair. Sell through rate is so much more important especially if you're starting out.
ive been fixing my listing and using what eBay suggests as well as what great sellers such as yourself suggests i only have 222 items on i sell everything but im revamping doing better titles price comparisons and better pictures and hoping for better sales ..... im working on getting approx. 3000 items up all the time 1000 being my first major milestone and keep learning and implementing what i learn from you... its like at a dead stop right now but im trying to not get discouraged ...
Thank you Chris!!
i think tik tok has stores now too. something else for you to look at. i think with what you sell it could work good.
When you say Poshmark reviews your listings in a day - I’ve sold thing on PM in one day-so how does that work? Are you talking about when you first start your store?
I wondered that too because I sell items within hours of posting.
Wait! You said Poshmark wasn't something you thought was good for your business model. I just watched a video on that a few days ago. Maybe it was and old vid. So you changed your outlook on Posh?
Or drop your Prices 15% every week to the above $3 cost of goods level . Always great content here !
Great advice. Personally I wouldnt do that cause the stuff is worth more and sales are good. But I like the thinking.
More of “Anything” than “Everything” seller… maybe that term would be better? I take no offense on either term. As anything/everything, I do leave money on the table, but I think I re-coop it knowing approximate comps and when to not take too much time on nothing or lesser items… Kenny Roger’s, know when to fold ‘em! Thanks for the lessons!
If the lady sold 250 listings but only $3 above cost, that’s only $750 profit. That’s not worth my time. I’m ok with holding winter clothing that’s worth a lot until next winter.
The point in this example is to get your money back from inventory that is not moving and invest in profitable items that will sell quicker.
Great vid. Thx.
Is it possible to have 2 ebay shops then?
I sell clothing/shoes and vintage hardware, i dont want to drop either as i love both so my alternative is to have 2 shops so i have one for each category... Does that make sense lol its kinda what im getting from this video but im unsure if im allowed to have 2 ebay shops?
Im ulin the UK but have been watching you for the last 2 years, you've helped loads, thankyou 🙂
If you have an eBay store of only 100 perfectly listed iPads, priced below market value, how quickly do you think they will sell? In other words, does the total number of listings still have an impact on how much daily traffic you get no matter the quality of item? Would Cassini allow for the selling of all 100 in a day if the demand was there?
Can anyone recommend me a UA-camr, outside the clothing or returns categories, who lists 10 items a day?
All of the flea markets near me are like pallets and commercial items, anyone have any suggestions of good flea markets Near East Tennessee?
Do you share your closet on PM? And is how many times a day ? And do you share other people closet?
Hey everyone. So I'm using my sister's ebay account. Can I change her ebay account to a buisness ebay account,LLC EIN, Buisness banking account under My name and SSN? Would ebay deny it becasue the LLC owner doesn't haven't the same SSN as my sister?
ALSO MY PERSONAL EBAY ACCOUNT GOT SUSPENDED YEARS AGO FOR SELLING THE SAME ITEMS ON 2 EBAY ACCOUNTS. 😅
I can’t find on eBay and when I called eBay they said you are no longer on eBay.
He’s not on EBay.
I found some mens eco sneakers they were cool, a already sold😀
Hi cris theres no way to mesaage you in whatnot . I bought 4 pairs of torrid boyfriend jeans but only received 3 . I bought again yesterday i hope you read this so you can put in my package the missing one . I dont have any issue in my all previous purchase😊
chris@dailyrefinement.com
Hello Chris.
what!?
What if I bought at the bins and most items in my store are clear profit?
@7:20
Do you store your outer wear in boxes too? Like bulky sweatshirt and coats? My store has a lot of these items and I’m looking for the best way to store them. Thanks!
One lady hung them up can u find a extra closet in your house? Do I have one? 😂😂but I think hanging up might be best, but Chris will know better, idk 🤷♀️ how many jackets he had they are so bulky….
One filling rack
Rolling
Thank you!
What level at Patreon allows you to be accepted into the Facebook group?
KISS
How did he get back on ebay?
He hasn’t.
“”
So, forget everything he preached before!
🧢 is all I gotta say lol
I get almost all my inventory for free 😂 i cant do that lol