Fabulous video. Thank you for sharing your experiences and expertise with us. Regarding the Chinese god figures: just think that you saved them, kept them safe until the right owner came along. The buyer was obviously extremely happy 😊 I ve just subscribed to your channel because i love your honest, down to earth manner and lack of greed. Good luck to you both ❤
Great video, I agree job lots are the way to go. It’s hard to lose money if you buy a large cheap lot of varied stuff. Although I prefer to sell smaller items than you do 😅 eg weird curios. Like you I put a job lot code and amount paid in my SKU, I thought I was the only one! I keep a record of what sells from each lot, and once profit exceeds what the lot cost, future items from that lot cost me zero (or as Nick Hills says they owe me nothing) and I stop keeping track. Lots can reach profit very quickly. Though it’s a bit of a pain keeping track of the totals.
Fascinating response, which I wasn't expecting, I should be claiming copyright infringement lol. Seriously, what seems to make it for you are the significant number of really high/good prices for some things which cost you pennies for the actual item. So the 4-pounders are cancelled out by the great earners. As you say, getting into a routine re: packing & dispatch can streamline & simplify, & a day's repetitive boredom can feel rewarding looking at resulting profit. You've probably learnt all your lessons now anyway, but some of your viewers won't have. So if it makes them or even you think more closely about something, then that's good. Certainly it's been interesting to learn how you do & view things. The £2 multiple was only a ten-off btw. I find I've had to buy much bigger quantities, into hundreds & more, before I can really develop a quick routine, buy cheap bulk packaging. With those 10 x £2 keyboards from Poundland, I made 1 or 2 "avoidable" errors eg sending small parcel when it needed medium due to length ( ouch!) - customer swerved the delivery & claimed non-delivered. I'd just leave you with the thought that buying really big lots of identical or similar can occasionally be really profitable, esp. before Xmas. It helped tide me over 'til my pension kicked in. Though it can be a risk
Great stuff - hope it didn’t come across confrontational in any way, we found d the comment fascinating because new and old resellers can take what they need from it. We’ve been selling on Amazon since 2007 so we’re really familiar with the high volume/low margin model. But when you invest in items where the numbers were going to work before you’d even shipped the first item, I can see how that would put you off, and it’s a wise word of warning, but for us the intention isn’t to target purchasing lower value items from auction to sell on eBay, but for the items that stick around for a while, we take offers and are happy to see them go, even for a pound or two profit, the majority of the work is already done and the money is spent. Thanks for inspiring us to make this one, we’re always really interested in everyone’s stories and experiences 👍
@@Married2Reselling Yes, you get these armchair viewers who possibly identify closely with you of course & see me as unjustly criticising you when in fact I'm just stating my perspective which to a large extent is just another side of the same coin. I've been selling on Ebay since the "Wild -West" days of 2005 when buyers *and* sellers were very much free agents & Ebay was just the medium or marketplace. Though never Amazon, & I wouldn't trade on there on principle. There are many YTers posting "wow look at me I flipped this for £35 profit" stuff etc and that's all good fun but not serious mortgage-paying stuff
Reselling is reselling, doesn’t matter if you make a penny or a pound. Buy something, sell something, share it or don’t. Some viewers only want big numbers, others don’t care. We’re all a part of this thing called reselling no matter what the end result is. We sold a flute for over £6k, way less people were interested in that then when we sell a bunch of cups and saucers for a tenner! It’s actually the ones who say they’ve never made a loss on a single item to watch out for!
Hi Fay & Simon, another really insightful post - thank you. Fay - I’m a hobby seller seeing if I can fund an early retirement! I recently set up a vinterior account after watching one of your posts, I’ve listed one small 20cm item for £75 but can’t select any post service for less than £50….. am I missing something? Thanks
I’m not exactly sure what you’re seeing - feel free to send us screenshots in messages on Instagram. One thing we’ve learnt is that the process we showed in the video are different for private sellers, so if you’ve not got a business account on there it may have something to do g to do with it. Saying that, can’t think of any reason why £50 would be the minimum shipping!
My items are usually higher value items, but let’s face it those small items all add up. I recently brought over 40, tea towels for £30, I sold each of them for £4.99 plus P&P, easy to pack, no breakables. Probably made £3.50 each. Low value items can pay off and all add up. As a reseller as long as I make a profit I look at it as a win. Obviously my high value items are worth my time. Also great to see items not going into landfill.
That’s it! When we list a large amount of stuff from auction, our intention is never to list stuff that’s not worth it. Subsequently a few items when they sell turn out not to have been worth it, but we went through the journey to list the good stuff too! Hindsight is a wonderful thing, but in the end we’ll take what we can get for what turns out to be less desirable. If we only listed what WE liked or thought might sell from first impressions, we’d have a very small amount of items listed.
I dunno, I just think that we can factor in all the consumables and other costs, but time to list/pick/pack/ship is what we spend to make our money so that argument always baffles me.
Nice, back in the day in retail it was the ‘mars bar theory’. If we could sell a mars bar to everyone that came in, it would add millions to the valuation of the company.
It’s a concern, and Poshmark in the US have announced they’re scrapping buyer fees and reverting back to seller fees. I think if your platform starts with buyer fees (Vinted) then fair enough, customers are used to it from the start, but eBay introducing them after 25 years of (mainly) happy customers is a huge risk surely.
With those 10 x £2 new keyboards (not "returns") from Poundland, I made 1 "avoidable" error ie initially sending small parcel when it needed medium due to length ( ouch!) - customer swerved the delivery & claimed non-delivered. Also, another was returned because some minor functionality didn't work, he said. Realistically it would take 15 minutes to comprehensively test each one. And if I'd known when I bought them that they'd need medium parcel I probably wouldn't have bothered, as too low margin after maybe £2 total fees per item, £4+ for post, as not worth the handling time. So it only takes 2 mishaps & you're down, money-wise. Easy to portray oneself as superior, never having made a mistake in life of course. In fact, as they weren't selling fast enough due to competitor starting to undercut, 1 or 2 were sold for £8. Hard to predict competitor behaviour when you're buying stock
@@daffyduk77 So I was correct in saying "The person is doing several things very wrong and has no idea what they are doing". nobody especially me, is portrayed as superior, but when you make a comment making it out that it had nothing to do with you then you come back with that. I have run 2k plus item Poundland ebay shops and have run my own small 100 item Poundland ebay shop there is money there you just have to get better and trust me i have made two huge mistakes on ebay its all learning and sharing with others.
Of course not! We don’t tend to target low value products to sell unless they’re media for Amazon etc, but if we have old items listed then we’ll happily take offers when we receive them to get them gone.
I really don't understand how someone can make a loss on selling items at £10 that they paid £2 for! i make a profit selling items for £2! - i mainly sell collectables and some of these are £1k each but equally i sell a lot of things for £2 and upwards, everything i sell i make a profit even if only low and it soon adds up! i really wouldn't be taking advice from someone that can make a profit with a £10 sale!
Yes, we can all list a thousand things that chip away at the ‘profit’ of a sale, the trick is to recognise these individually and irradiate or reduce the ones that aren’t required. I get it that time it important to everyone, but using the fact that it takes time to make money in a negative way, rarely makes sense to me.
@@Married2Reselling I wasn't attempting to do that. You're obviously a lot quicker at certain types of things - I'm into realms of pensions now ! 🙂 Though I did get quick at reselling thousands of perfume items a few years ago. It's about routine & streamlining. But then going onto "autopilot" on bigger runs can occasionally lead to errors. Errors are proportional to number of items, generally, so selling lots of £2 items as per FrankAyresUK could mean you'd need to be less error-prone statistically for given profit. An Ebay "strike" / defect is not price-related
We're answering a viewer question, and there's more sales from the barn!
People love to tell you how you're doing things wrong and that their way is much better 🙄😅 Your way works for you, and that's all that matters.
❤️
Love your videos. You go into a lot more depth that a lot of sellers and you are both a mine of valuable info!! Much appreciated folks.... Linda 😊
Thank you Linda, that’s very kind of you to say 🙏
Fabulous video. Thank you for sharing your experiences and expertise with us. Regarding the Chinese god figures: just think that you saved them, kept them safe until the right owner came along. The buyer was obviously extremely happy 😊 I ve just subscribed to your channel because i love your honest, down to earth manner and lack of greed. Good luck to you both ❤
Thanks for subscribing and you’re absolutely right!
Intelligent and informative you have my admiration . Yes, it’s all about averages
Thankyou for the time you take. I learn loads from your videos.
Thank you for saying so, we really appreciate it 🙏
Great video, I agree job lots are the way to go. It’s hard to lose money if you buy a large cheap lot of varied stuff. Although I prefer to sell smaller items than you do 😅 eg weird curios. Like you I put a job lot code and amount paid in my SKU, I thought I was the only one! I keep a record of what sells from each lot, and once profit exceeds what the lot cost, future items from that lot cost me zero (or as Nick Hills says they owe me nothing) and I stop keeping track. Lots can reach profit very quickly. Though it’s a bit of a pain keeping track of the totals.
Always interesting (and regular) videos. Amazed you don't have more subscribers.
Thank you… 🙏
Fascinating response, which I wasn't expecting, I should be claiming copyright infringement lol. Seriously, what seems to make it for you are the significant number of really high/good prices for some things which cost you pennies for the actual item. So the 4-pounders are cancelled out by the great earners.
As you say, getting into a routine re: packing & dispatch can streamline & simplify, & a day's repetitive boredom can feel rewarding looking at resulting profit. You've probably learnt all your lessons now anyway, but some of your viewers won't have. So if it makes them or even you think more closely about something, then that's good. Certainly it's been interesting to learn how you do & view things. The £2 multiple was only a ten-off btw. I find I've had to buy much bigger quantities, into hundreds & more, before I can really develop a quick routine, buy cheap bulk packaging. With those 10 x £2 keyboards from Poundland, I made 1 or 2 "avoidable" errors eg sending small parcel when it needed medium due to length ( ouch!) - customer swerved the delivery & claimed non-delivered. I'd just leave you with the thought that buying really big lots of identical or similar can occasionally be really profitable, esp. before Xmas. It helped tide me over 'til my pension kicked in. Though it can be a risk
Great stuff - hope it didn’t come across confrontational in any way, we found d the comment fascinating because new and old resellers can take what they need from it.
We’ve been selling on Amazon since 2007 so we’re really familiar with the high volume/low margin model.
But when you invest in items where the numbers were going to work before you’d even shipped the first item, I can see how that would put you off, and it’s a wise word of warning, but for us the intention isn’t to target purchasing lower value items from auction to sell on eBay, but for the items that stick around for a while, we take offers and are happy to see them go, even for a pound or two profit, the majority of the work is already done and the money is spent. Thanks for inspiring us to make this one, we’re always really interested in everyone’s stories and experiences 👍
@@Married2Reselling Yes, you get these armchair viewers who possibly identify closely with you of course & see me as unjustly criticising you when in fact I'm just stating my perspective which to a large extent is just another side of the same coin. I've been selling on Ebay since the "Wild -West" days of 2005 when buyers *and* sellers were very much free agents & Ebay was just the medium or marketplace. Though never Amazon, & I wouldn't trade on there on principle. There are many YTers posting "wow look at me I flipped this for £35 profit" stuff etc and that's all good fun but not serious mortgage-paying stuff
Reselling is reselling, doesn’t matter if you make a penny or a pound. Buy something, sell something, share it or don’t. Some viewers only want big numbers, others don’t care. We’re all a part of this thing called reselling no matter what the end result is.
We sold a flute for over £6k, way less people were interested in that then when we sell a bunch of cups and saucers for a tenner!
It’s actually the ones who say they’ve never made a loss on a single item to watch out for!
Hi Fay & Simon, another really insightful post - thank you.
Fay - I’m a hobby seller seeing if I can fund an early retirement! I recently set up a vinterior account after watching one of your posts, I’ve listed one small 20cm item for £75 but can’t select any post service for less than £50….. am I missing something?
Thanks
I’m not exactly sure what you’re seeing - feel free to send us screenshots in messages on Instagram. One thing we’ve learnt is that the process we showed in the video are different for private sellers, so if you’ve not got a business account on there it may have something to do g to do with it. Saying that, can’t think of any reason why £50 would be the minimum shipping!
That ad rate killed you on those two heavy items! Almost cost you as much in ad fees as the postage which is wild
Yes, nearly £6 in ad fees, items for sale for ages so happy to pay it to get them out the door and get £18 back.
@@Married2Reselling Can't win every time :) Better to move them on I agree.
My items are usually higher value items, but let’s face it those small items all add up. I recently brought over 40, tea towels for £30, I sold each of them for £4.99 plus P&P, easy to pack, no breakables. Probably made £3.50 each. Low value items can pay off and all add up. As a reseller as long as I make a profit I look at it as a win. Obviously my high value items are worth my time. Also great to see items not going into landfill.
That’s it! When we list a large amount of stuff from auction, our intention is never to list stuff that’s not worth it. Subsequently a few items when they sell turn out not to have been worth it, but we went through the journey to list the good stuff too! Hindsight is a wonderful thing, but in the end we’ll take what we can get for what turns out to be less desirable. If we only listed what WE liked or thought might sell from first impressions, we’d have a very small amount of items listed.
Whoever it was asking the question sounded a very negative person. Can you imagine the item descriptions? 🤣
I dunno, I just think that we can factor in all the consumables and other costs, but time to list/pick/pack/ship is what we spend to make our money so that argument always baffles me.
as i have said before your mark up is mega.i presume you cover the cost of each job lot with just a few items?
also i was always told that whatever you are selling if you do 3 £1 sales a day extra thats a grand for xmas!
profit obviously lol
Well, the tea set paid for it all!
Nice, back in the day in retail it was the ‘mars bar theory’. If we could sell a mars bar to everyone that came in, it would add millions to the valuation of the company.
I think sales will slow for everyone when the buyer fees start early next year
It’s a concern, and Poshmark in the US have announced they’re scrapping buyer fees and reverting back to seller fees. I think if your platform starts with buyer fees (Vinted) then fair enough, customers are used to it from the start, but eBay introducing them after 25 years of (mainly) happy customers is a huge risk surely.
if you can't make a profit from £2 and sell for £10 then the person is doing several things very wrong and has no idea what they are doing.
and that was assuming a £4 postage spend. Could have been much less. It would have needed to be a 20% promoted fee to make a loss.
With those 10 x £2 new keyboards (not "returns") from Poundland, I made 1 "avoidable" error ie initially sending small parcel when it needed medium due to length ( ouch!) - customer swerved the delivery & claimed non-delivered. Also, another was returned because some minor functionality didn't work, he said. Realistically it would take 15 minutes to comprehensively test each one. And if I'd known when I bought them that they'd need medium parcel I probably wouldn't have bothered, as too low margin after maybe £2 total fees per item, £4+ for post, as not worth the handling time. So it only takes 2 mishaps & you're down, money-wise. Easy to portray oneself as superior, never having made a mistake in life of course. In fact, as they weren't selling fast enough due to competitor starting to undercut, 1 or 2 were sold for £8. Hard to predict competitor behaviour when you're buying stock
@@daffyduk77 So I was correct in saying "The person is doing several things very wrong and has no idea what they are doing". nobody especially me, is portrayed as superior, but when you make a comment making it out that it had nothing to do with you then you come back with that. I have run 2k plus item Poundland ebay shops and have run my own small 100 item Poundland ebay shop there is money there you just have to get better and trust me i have made two huge mistakes on ebay its all learning and sharing with others.
Please dont hate me but from my point of view its an absolute waste of my time to list anything under £15.
Of course not! We don’t tend to target low value products to sell unless they’re media for Amazon etc, but if we have old items listed then we’ll happily take offers when we receive them to get them gone.
I really don't understand how someone can make a loss on selling items at £10 that they paid £2 for! i make a profit selling items for £2! - i mainly sell collectables and some of these are £1k each but equally i sell a lot of things for £2 and upwards, everything i sell i make a profit even if only low and it soon adds up! i really wouldn't be taking advice from someone that can make a profit with a £10 sale!
Yes, we can all list a thousand things that chip away at the ‘profit’ of a sale, the trick is to recognise these individually and irradiate or reduce the ones that aren’t required. I get it that time it important to everyone, but using the fact that it takes time to make money in a negative way, rarely makes sense to me.
@@Married2Reselling I wasn't attempting to do that. You're obviously a lot quicker at certain types of things - I'm into realms of pensions now ! 🙂 Though I did get quick at reselling thousands of perfume items a few years ago. It's about routine & streamlining. But then going onto "autopilot" on bigger runs can occasionally lead to errors. Errors are proportional to number of items, generally, so selling lots of £2 items as per FrankAyresUK could mean you'd need to be less error-prone statistically for given profit. An Ebay "strike" / defect is not price-related