You’re missing out on a TON of good deals by doing this
ฝัง
- เผยแพร่เมื่อ 30 มิ.ย. 2024
- You can check out Flipwise here: flipwise.app
Jump around:
Should I list while on vacation? 2:07
How do you account for shipping supplies? 3:52
What's your "parting out" strategy? 6:07
What are your thoughts on the AI description tool? 9:27
When do you have to start paying taxes? 12:39
Am I passing up good items by focusing on sell-through rate? 15:50
My favorite reselling tools that I use:
- Label printer: amzn.to/3ymkvAE
- Tape King packing tape: amzn.to/3wywCdq
- Postage scale: amzn.to/3Usvgce
- Tape gun: amzn.to/3QBI5Qd
- Photography lights: amzn.to/4bRgVOj
- Barkeeper's friend: amzn.to/3JP9ZVn
- Scotty peelers: amzn.to/3yfrprK
- Heat gun amzn.to/3wCMNq6
- Shop towels: amzn.to/4b67ERZ
- Magic eraser: amzn.to/3UOZWG4
You can also find me on Instagram here: / justinresells.yt
Some of the links above contain affiliate codes, which means I may get a cut if you decide to make a purchase. And Flipwise is an app that I co-founded. Thank you for your support! - แนวปฏิบัติและการใช้ชีวิต
Thank you for all your content and effort. My wife is physically disabled and her mobility has drastically decreased in the last year. A few months ago I started looking into work that would allow me more time home, but also afford us a vehicle (I bike everywhere currently). I dove deep into this reselling niche, and the ins and outs. I just have to order a printer soon, but my scale and shipping materials arrived today. I picked up 40 Ralph Lauren\LL Bean\\Nike clothing lot at a garage sale for 20 dollars, a bunch of sealed movies, cds, and cassettes (about 80 total for 30 dollars) and a handful of other goodies. Once the printer comes I will begin my new journey. Thank you again, Justin. You’ve been illuminating the path for me. Appreciate you 🤝
Six3Cyclist, may your reselling go smoothly and only prosper. I will say a prayer for your wife.
@@kathleenparker9297 That's kind of you 🙏, thanks!
@Six3Cyclist If you want to get started before your printer arrives, you can purchase labels on eBay and request a QR code instead of printing a label. The code comes to your email & can be scanned by the post office. They print the label at the counter, or you can do it on the self-service machine. I don't have a printer. I've been using the QR code for over a year. Works great until maybe you are mailing 10 plus items a day.
Justin is great. I, too, sell full-time because I care for my elderly mother, who has dementia. I also help with my sister, who has a lung disease. It's hard taking care of a loved one, and I will be praying for your wife and you as well. Definitely consider the QR codes and let the USPS print the postage at the post office until you get your printer. It takes time, but with combination of hard work and learning will help your business grow. I sold my first item on ebay in 2004. For years I only sold here and there, and I actually got into selling cars for people. Life happens and I stopped selling for a long time. Installed back part time 18 months ago while I did another job from home. My sales during Q4 convinced me to take the plunge and do this full-time. June was my best month yet. My niece is helping me build up a draft bank over the summer while she isn't teaching. Try to think long term and don't get tied down worrying if sales slack temporary. That happens sometimes, and it isnt always because you did or did not do something. Consistent listing seems to be the main key.
@@misslashayresells3853 Oh this is so excellent! I actually rode out this morning to grab a printer, but I'm happy for the knowledge for when I'll need it in the future. Thank you!
Talking about parting out, We just got a new fridge and electric range. I’ve been able to sell parts of the old appliances, plastic shelves, ice maker, stove broiler and baking elements, etc. real surprised. Great ideas.
I appreciate how you mentioned the Hook & Loop items, cool beans bro
I bought what I thought was a camera bag, brought it home and discovered it was a Discman holder, with an STR under 10%. I sighed, listed it anyway, and sold it in 3 days.
Random and odd tip here for people who are buying bubble wrap for shipping:
If you know someone who has a swimming pool and they're buying a new solar cover, usually those covers have to be trimmed. Solar covers are literally giant sheets of industrial bubble wrap. The trimmed sections can be HUGE and they'll just be thrown away. Get em'!
Bit of a strange and specific tip but free bubble wrap!
"It's a small world after all!" Your dry humor is hilarious! Your information is invaluable! I'm struggling with sales, but it's good to know that June is often slow. I can hope that it picks up soon!
On STR, while it’s a good metric to check, as long as it’s not zero (or close to 0), I think this question is more important: Would you be happy to sell the item at the lowest price listed? If the answer is yes (and you’ll make enough money to be worth your time), I’d go for it.
As a hobby seller I agree. I love selling vintage clothing. Some of it takes a while and sell through rates can be nonexistent but some of the pieces are so cool and I love knowing they’re getting a new life:)
I would personally disagree, I find it to be a very important metric. I use it in deciding whether or not to purchase an item to begin with. An item with 100 listed and 10 sold indicates it may take up to 10- 90 day cycles for your item to sell, even if you are good with the lowest price that is potentially a long time to wait. I might still buy it if it has significant value, but I am better off buying a less valuable item that sells quicker. Many digital cameras right now have 1000+% sell through rates, so I can base my purchase decision on that (ie a no brainer).
Thank you again for the great insights on reselling!
Probably the smartest answer I have heard on STR yet on YT. STR is only one part of the reselling equation. Too many new resellers get caught up in striving for a 200% sell through rate (not a real thing) and walk by money every day. Actually, Justin is the only reseller I have ever seen that has a 300% STR. He has literally sold the same soccer jersey 3 flipping times!!!
lol
Great advice as always!
Are you planning to go over the summer update? I really appreciated when you went over the spring update. Very helpful.
Thank you
Hi Justin, Thanks for answering all of these questions! In this video someone asked a tax question.
Before you developed Flipwise, how did you keep up with all of the expenses eBay charged to report taxes?
Does eBay offer monthly or annual report that separates purchase price from the fees, taxes and shipping label expenses to help with taxes at the end of each month, or year?
Thanks again for all of your knowledge and help!
Love your channel and I thank you!!! Any advice on tips to stay motivated listing and not become distracted? I have been reselling for 1.5 years and do well, but nowhere near sales you have or near some of the sales of watchers you cited in this video.
When the siren went off, I giggled. I live in the same area and I swear that alarm was extra long and loud today. Thanks for your content, it has helped me tremendously.
Was coming on to post the same thing re the siren (I work over by the STL Lambert airport). It did seem long and loud today.
yeah it took its sweet time!
I definitely consider STR ,but I've also purchased items that have a terrible STR but still sold within a week. Idk why that is. Also if you're a crosslister, Ebay STR isn't really relevant . I've sold items on Depop that would've never sold on Ebay .
Awesome video Justin! I thank you for teaching so much valuable information!
I agree on the sell through rate. Today I picked up a Nordstrom sue wong hand beaded silk nwt dress for $7.99, retail tag $368. Not the greatest sell through rate, high profit though, so i am willing to sit on it it!
Question: i feel like i spend too much time researching. Do you have a method? I use Google lens first, because in my opinion, ebay throws me off the wall things. I find the description and then go to ebay. It's tedious. Is there a more streamlined option?
Love your videos, they are very informative. I just started selling on eBay in January and not doing to bad. I just had a buyer that had his mail forwarded after I shipped an item. The tracking shows forwarded but not delivered. The post office confirmed this also. The buyer is claiming he did not get it and wants a refund. How would you deal with this? I didn’t think they were supposed to change address after shipping? Thanks for all your very helpful videos.
If I list an item for say $60 with free shipping or $45 with $15 shipping, is one of these options more likely to be purchased? I’m not sure how much people are paying attention to the free shipping aspect. Also, if someone does a search for an item at a particular price range, would offering free shipping but at a higher item price possibly keep my item out of the search results when my item would have showed up with the lower list price and shipping fee? I hope I explained this well
I knew ab velvet but I nvr knew ab Velcro… thx.
Hi Justin, love the videos! When you go to thrift stores, do you always ask for a receipt for tax purposes?
Great video as always! Is there a way to see what’s been selling the most on eBay over the last 90 days or so? Is there a report or particular query that can provide that data? Thanks!
Hey, new reseller here. Just missed the flipwise discount code by a day or two haha. I love the content and have been binging a good amount of it over the past few weeks. I got a couple of questions if you had the time.
1. Do auctions that ended up with the buyer not paying still pop up when searching for comps? I feel like that could mess up my feeling for how much an items sold market value actually is. 2. The thrift store in mainly getting a lot of my high net return items likes to wrap the boxes in enormous of amounts of tape, any way in specific you have of getting tape off without damaging vintage boxes? Also shipping policies have been a difficult thing to set up and some tips on them would be appreciated. thanks 👍👍
Thanks for the answer! Im going to test leaving sales on and listing every day. I’ll only be gone for 5 days so we’ll see how slow sales get.
P.S. I sold a set of those butter print Pyrex bowls in an orange color for $800.
When I go on vacation that is not that long I leave listings available for sale on vacay mode. I always end vacay mode with -1 day left of my shipping time. So if my shipping is 2 days I’ll end my vacay mode a day early.
Justin! Lookin svelt! Must be a true classic tee. Good info as always!
It's a Vuori! Love their stuff, especially when I find 'em at a thrift store for a few bucks.
@@justinresellsand you didnt list it to sell? lol
@@RawGradeFlip sometimes you gotta get high off your own supply
Lol
I never use AI to write my descriptions mostly because when I'm buying it's REALLY annoying to have to read through all that schmooz when I'm trying to purchase something. I do not want to put my buyers through that♡♡♡
Justin, are the items you've purchased and stored in your home insured under your homeowner's insurance? Do you have a separate insurance rider to cover those items in case of loss?
2:07 do relistings count towards this number?
Do you always charge shipping?
Was that hairy tornado rummaging in your trash bins
I have been reselling for alittle over a year and do fairly well. My question is how long do you let items sit on eBay before you decide this isn’t worth what I thought and clear the space in your storage and cancel the listing? Thanks so much for the advice! Really enjoy learning from you !
i answered that in a recent video! th-cam.com/video/9LxAdq0SyhM/w-d-xo.html
Do you send offers whenever you can? I usually price things as low as I can, and then I send out offers and end up lost more profit. If I know I'm going to send out 10% offers all of the time, I should probably price my stuff 10% higher to start. Just curious on your pricing / offer strategy. Thanks for everything!
I see that title change
Having trouble boosting my sales
Hi sir I have a question how to ship small thin item price under $5. Sometime my shipped item coming back for more postage. Too many people selling item under $5 . I don’t understand that. Can you explain little bit about shipping small item in low cost less than &2
In Time Away mode with "leave sales off" if you list an item that item will go live. It will not be set to Time Away. So I would not list if your in Time Away Mode with "leave sales off".
good to know. I'll need to test this. thanks for the tip!
@@justinresells Along with this note, if you "allow sales" and post an item, if that item sells during your time away, it will not honor your return date for shipping. For example I listed an item during vacation from my drafts, it sold same day and the eBay machine told me I had to ship it next day. I received a ding on my account for late shipment.
Hey Justin! I’m thinking of getting flipwise here soon but I have a question. I crosslist my items to different marketplaces. Is there a way to mark where an item sold if it wasn’t on eBay into flipwise? I want to track the data from the others as well! Thanks!
wow! I felt good about my 373.00 sales in the last 7 days until i saw Jody's total (lol) I am still new (getting close to starting the 4th month) and working with the inventory my husband left when he passed. Due to trying to figure out the taxes (his computer is pw protected and he didn't tell anyone or write it anywhere and all his records are..on that computer!) so I'm not sourcing at the moment. Question, The first month of my store I put a baseball style hat that is from the VANS corp. I only put one picture (i don't do just one anymore) up and even though it has the vans logo in the back of the cap, ebay removed the listing as a fake. Can I relist this item with better pictures, or will I get into a problem with ebay for relisting an item they removed?
With being half way through the year. If I were to get flip wise, does it automatically link sales, would it back date previous sale with the option to update buy cost ect? Thank you
Yep, it goes back 2 years.
Is flipwise just for the eBay platform?
If I get flipwise does it import my sales from the first of the year from eBay? I want to utilize it for tax purposes so I need my prior sales info.
yes, it goes back two years
What is a draft bank
You can create a listing and instead of hitting the list button do save for later and it will be a draft that you can then list at a later date. Some people like to build up their drafts so they can then quickly hit list on weekends or days they couldn’t get to listing.
Where is Flipwise on Discord?
Hate to tell you but you could have gotten $800-$1000 for those boots!
you think? they sat listed at $250 for several months with no bites.
Justin, Do you return the original shipping if an item is returned for other reasons than doesn’t work or not as described? ie doesn’t fit don’t like color? Thanks
I didn't have It's A Small World stuck in my head until you suggested it. Thanks NOT! 😂
I use AI description and read over it and edit it or add more relevant info. Do this on all my listings.
Good job of saying you don’t give tax advice while you’re giving, however minor, tax advice. There are numbers on the amount of income you must pay income taxes on and sales taxes are handled on the state level. At small amounts I wouldn’t worry, but if you start making decent money you better consult a tax advisor (NOT uncle Joe who has never owned a business in his life). I could go on, but just be careful. The government’s position is that it’s their money and you can’t keep it. lol. seriously.
First!