Hi, great advice 👍! Also one can find items that sell well but in small quantities... then reinvest the profits to continue building the business... so a few hundred to a few thousand dollars will get you started... you can find local liquidation companies and go see the products in person... then you pick the products you want to sell... I would choose cosmetics... easy to pack and ship... great profits 📈! Just an example! Ryan keep up the great work! Have a great week ☺ 😀! Joe Bee 🐝 from 🇨🇦 🍁 🇨🇦 Canada!
Thanks for the great video Ryan, I really enjoyed the insight into the wholesale side of your business. Such a great choice of product too... nicely done! oxo
I started watching you guys when you first started up this channel. You even inspired me to start my own eBay store. I did well for many years, but I had to take a break from selling for personal reasons. I ready to start up again and I went right back to your channel for a 2024 update / refresher video. Thank you for sharing your wisdom with me! Light & Love 🦋
Thank you from a new subscriber across the pond in the UK! Love your attention to detail, knowing your numbers, and being serious business-people...while at the same time looking relaxed. You and Alli also make an AWESOME team! Both bringing different skills and knowledge to the table - can't be much you can't tackle together! Thanks for the inspiration.
Tons of Gems as always, especially that "free shipping vs calculated shipping" experiment. Been meaning to run that same experiment and now I don't have to, so thank you!
Yea that percentage is fantastic for wholesale. What, two listings? One time. Multi-quantity, very little photos, minimal to no damage, holiday/cold season rapidly approaching. This was almost a no-brainer. If the profit margin and estimated turnover makes sense for your business model, and you have the capital, buy that pallet/box/truckload. Love this.
we found more success in driving around the country buying out businesses that were going out of business. Better margins more profit. We then sold the product through our brick-and-mortar store, online website and our 3 time a year garage sale to purge out the things that didn't sell. Money Baby!!!
@@woodsmokiring3361 Pick a state, then pick a town/city, contact the chamber of commerce and ask about any businesses going out of business in that location. or Contact the local residents and ask
Thank you for the video. It was very educational. Me and my ol' lady have been reselling for a little over and year. Definitely not were you are at where I can go spend $18k on inventory. But Definitely something I'm interested into get to one day.
Thanks for being "Real". Your insight into the reselling word is very refreshing. Having been restructured out of a career, I've taken the plunge. Now, 4 months in, it's had it's up and down, but I'm sticking to it. Thanks again for the teachings.
You are so welcome, 4 months in is awesome, the only real advice I can give you is to keep an open mind and pour fuel on what’s working! Appreciate you watching and commenting.
Ryan you are really a phenomenal & smart person! I was watching this video thinking what am I doing here? I am not a reseller so just leave I thought. Then you began talking about the wholesale items you purchased. I started to get interested by the time you were finished my eyes were popping out of my head 😂😂😂 You are just amazing no people I watch reselling do wholesale. Great content and work you do. Thank you for sharing your experience with us ⭐️⭐️⭐️⭐️⭐️💜
I think I have always lost money whenever I have tried wholesale. I'm glad it's working out for you! I think it would go better for me if I did more research and worked more slowly.
Definitely true, many of us like to see the actual costs and numbers sold with fees and in the end the actual net profit. Those are a lot of coffee machines. Love the shed; cool space for selling.
Have found that Free Shipping is easier to deal with Buyers. With Paid Shipping, Buyers almost always want a 'deal' on the shipping cost. Almost all buyers do not have any idea of how much shipping companies including USPS charge.
Just retired, and purchasing in bulk (wholesale) like that would be an awesome way to make some extra income…only problem is that I don’t have that kind of disposable income, or anywhere near the space to store them. I just have to settle for the “dink & dunk” method. That’s not to say I haven’t purchased a bunch at a time (like 48 pcs.), but nothing on the level of a professional reseller like yourself. Best of luck to you.
Few retailers these days make that kind of margin. The only way they survive is by being able to turnover their stock very quickly and having really good payment terms with their suppliers. As you establish a track record for moving stock I am sure you will be able to negotiate better purchasing terms with your suppliers if you have not done so already.
My area is so terrible to find things for resale. My ebay store is getting low and the items i have left aren’t selling. Not many places to source in my area. Wish I could find another way to stock my store. Great video
love deals like these! thanks for being transparent! One question I have is how come you aren’t trying to sell locally such as marketplace? i’m sure the margin would be much better than ebay.
Great question! It’s just a time thing for us. With everything we have going on and with how flaky people are on marketplace we’re not really able to dedicate the time to meeting people.
eBay sucks for me. Most everything has an overseas competitor who’s selling knockoffs and if I use ads, all the fees and shipping eat most of the profits even for brand new items that cost me 80% less than retail and I sell for 55% less than retail. Maybe personalized items will do better, but IDK.
Thanks for the video and information, can you say how you found the supplier or how you might find or come across a supplier of this sort. Thanks again
Thanks for the info, I am Amazon seller and Amazon did deactivate our account and funds are in hold, we were doing legitimate purchasing still they deactivate us, Now I am looking for the ebay and wondering what are their process are they good with resellers and support them or they have any IP issues?
Sweet video, good to see the other side of reselling. I understand you can't say who you purchased from but do you have any places that you would suggest to look at if we were interested in doing something like this?
I'm curious on why Free Shipping out performed. Typically it doesn't matter since eBay will sort the item by total price when people search for cheapest. Maybe states that don't tax Shipping price went with the listing that included shipping since that would technically be alittle cheaper. There are only a few states that don't tax shipping so rest of the country would just buy Free Shipping, just because of the psychology of "Hey I like Free". Also, I've been watching you guys from the very beginning. Absolutely enjoyed you always breaking down those costs/sales, I remember watching one from your old warehouse and it really helped me better understand the business behind this. I don't do wholesale but LOTs of Bulk buying, because I realized from your videos it just wasn't possible to chase after those 50-100%+ margins so many resellers like and scale a business.
I think Amazon prime just has Americans convinced that free shipping is better. eBay has also said in the past that they give listings with free shipping a boost in search.
I checked all the comments and saw that someone asked the first question that came to my mind which was about returns. Its great that they are replacing the units if they are defective but your still out shipping cost and if your requiring buyers to return the defective items that doubles the cost. Are they covering that as well or do you have to eat that?
No, we have 1 full time salaried employee, we pay ourselves a salary as well as owner distributions. That's something to discuss with a CPA to see what's right for you.
Hi Ryan! I’ve found some liquidation stores selling open box items for a good price. But there is no store selling brand new sealed items as wholesale. Do you think it is possible to somehow contact with manufacturers and request prices for their items?
Great content. Question about returns: Are you seeing many so far? Do you have any recourse with your supplier if a machine is defective? Just wondering. I had a similar issue with a product on Amazon. They sold quickly but were returned as defective even though it was buyer damaged (hoverboards).
Hi Ryan, Thanks for the video. When buying wholesaler do you have any return policy built in...if you start getting returns that the item is defective? Just curious...not at this stage of my business yet but if I ever retire that maybe something I look into.
Me and my brother want to buy wholesale to sell. We have $10-$12k for inventory. You know where or how we can find and research some wholesale items to sell?
Curious why only Ebay. Is it bc the returns are easier to assess? Is there like a reason not to use mecari & Depop? Where they have no fee's? Besides money transfer
Hey Ryan, just to be clear. You make one ad that says something like "Item could have minor cosmetic damage similar to the pictures shown" but you do not take images showing the defects of each unit??
I know you used eBay for these units but my question is regarding Amazon. How long is the registration process to become an Amazon seller? My status has been pending for a couple weeks. Is that normal? I realize you have to go through an application process with several countries.
Is this for US marketplace? Usually it doesn’t take long. But does required your business address to be verified which does take some time for the letter to arrive and you confirm the code that is in the letter. At least that is how they used to do it. So it will take as long as it takes the mail to deliver that letter usually.
Hell yeah I am also selling coffee machines they make good money all year round babyyyy … screw the haterrrs we actually running numbers up what are you doing ?!?
Hey bro just found your your channel and I've been telling my wife this for like the past couple years like this is something that I like doing I want to get into this I've been selling on eBay here and there OfferUp Facebook market buying and selling you know and it's something I enjoy doing but like how do I step it up and get to this level I don't know what to do I feel lost and I'm like so broke right now you don't even know I don't know what to do anymore any advice or tips would really help at this point
You're going to have to have something to sell to get the funds you need to buy more inventory first. It really takes money to make money, so I'd recommend getting a paying job or three, then use the income to start sourcing items to resell. As your biz builds, you'll be able to slowly cut back on the number of jobs you have
Depends on the unit, the Nespresso one has a weaker box so we re-box that unit. The Delonghi is already prepped for shipping so that just gets a label and shipped out.
You’re forgetting cost of capital and employee costs. These machines don’t list themselves and they don’t package themselves. Amortized storage costs, etc… Also what about EBay returns/fraud? Dead units? I know you’re not trying to say it’s easy, but it’s even harder than you make it out to be.
I know you are profitable, and the processes you have put into place are very admirable. The economies of scale you have created make many opportunities for you profitable that would not otherwise be for people trying to emulate your success. Good luck and continued success.
Great video. My question is where did you find the person to contact to make this wholesale purchase? Is it directly with the manufacturer? I am looking to get into this area of business for my future. Any help is much appreciated
@@RALLIROOTS I don't have that option. Is there anything you'd recommend to an international college student with no car? I already go to discount stores like goodwill and find items there but would prefer trying my hand at this business.
@@danielhammondtennis take the time to build up your business and capital before jumping into wholesale. Continue doing what you’re doing, you’re not ready for wholesale imo.
Thats just alot of Labor $$ that you are either doing for free or paying someone to do for you. The time buying transporting listing selling and shipping is all for free in this model.
We’re salaried employees of our own company, & there’s 3 of us. Took 10 mins to list them, average of 5 mins to ship them out. Easy money. Rinse and repeat
@@RALLIROOTSthis is where the value is in wholesaling because you're not looking for individual items to pick and pack. Instead, you're just grabbing "the next one" and slapping the label on it. Awesome work.
Like I said in the video, they were priced the exact same after adding shipping. So if one was $79 free shipping, the other would be $65+$14 shipping. No difference.
You have not calculated a few things here 1) cost of the time and labour involved in selling these goods 2) opportunity cost : means if you would have invested this amount some where else ( some other products) what would you have earned. 3) You have also not calculated cost of returns ( if any) You are calculating 33% profit if you sold all the goods today. But u didnt, so you also need to figure out why you have not been able to liquidate it fast enough, maybe because you are not selling on meta?? You could maybe sell this through your own website to get a more permanent solution for finding customers.... and hence reducing your cost of sale.
I don’t think you understand our business model, and that’s OK. Just know it’s been working successfully for us for the past nine years. Have a good one.
I am not trying to pick on him maybe I didn’t heard him good now he was saying he paid 65 per unit no he was selling 170 with free delivery and 160 with 10 dollar delivery I am not using calculater I am just thinking now if u selling for 170 a unit and 25 percent he said was fees and shiping so 25 percent of 170 is 42.5 dollar now 170 minus 42.5 is 127.5 minus 65 dollar he paid for unit he is making 62.5 dollar Wich is double almost he will be making around 17k now is he is selling less that diff story no way he invest 18 k for one 25 dollar per unit that a lot of money to invest my opinion again I my wrong what I guys think let me know thx
You r wasting your time bro .First the cost of the unit is too high comparing to sell price you not gonna make money man .don’t forget the time and the storage the people working all those costs money .so in my little experience you are wasting your time .
@@RALLIROOTS don’t get me wrong when I said you are wasting your time not in doing this business but I am talking about getting product with big margin .
I got to say those numbers are terrible. 6k profit doesn’t include storage, employees and a fluctuating market those margins will break you. From a numbers standpoint point this is an extreme high risk purchase and business plan.
@adammonahan687 something that nobody ever talks about is grocery stores are subsidized and given billions of dollars by the government to maintain those low profit margins. They also sometimes have investors AND they can pay their workers so little the majority of their workforce qualifies for food stamps/welfare so employee wages aren't even that much of a burden for them. They have a lot more advantages given to them to sell the illusion that they operate on razor thin margins so they can raise prices more than needed. This is why despite those slim margins their executives are among the richest people in the entire world.
Hi, great advice 👍! Also one can find items that sell well but in small quantities... then reinvest the profits to continue building the business... so a few hundred to a few thousand dollars will get you started... you can find local liquidation companies and go see the products in person... then you pick the products you want to sell... I would choose cosmetics... easy to pack and ship... great profits 📈! Just an example! Ryan keep up the great work! Have a great week ☺ 😀! Joe Bee 🐝 from 🇨🇦 🍁 🇨🇦 Canada!
This is perfect advice everyone! I’m going to pin this comment. Thanks Joe
I think you are one of the best story tellers and editors in our niche. This whole intro was spectacular.
Wow, thank you!
THANK YOU! Finally someone who isn’t all hype. I love the numbers and the fact the you are real-real. Keep it up.
🙏🏻🙏🏻 thank you, we try our best to be real
Excellent breakdown. I would have thought there would be more profit so i appreciated your explanation. We are just starting out and love your videos.
Thanks for the great video Ryan, I really enjoyed the insight into the wholesale side of your business. Such a great choice of product too... nicely done! oxo
Thank you 😊
I started watching you guys when you first started up this channel.
You even inspired me to start my own eBay store. I did well for many years, but I had to take a break from selling for personal reasons.
I ready to start up again and I went right back to your channel for a 2024 update / refresher video.
Thank you for sharing your wisdom with me!
Light & Love 🦋
Thank you from a new subscriber across the pond in the UK!
Love your attention to detail, knowing your numbers, and being serious business-people...while at the same time looking relaxed.
You and Alli also make an AWESOME team! Both bringing different skills and knowledge to the table - can't be much you can't tackle together!
Thanks for the inspiration.
Thanks and welcome!!!
Tons of Gems as always, especially that "free shipping vs calculated shipping" experiment. Been meaning to run that same experiment and now I don't have to, so thank you!
Yea that percentage is fantastic for wholesale. What, two listings? One time. Multi-quantity, very little photos, minimal to no damage, holiday/cold season rapidly approaching. This was almost a no-brainer. If the profit margin and estimated turnover makes sense for your business model, and you have the capital, buy that pallet/box/truckload. Love this.
♥️♥️ thank you!
Great video, clear cut, concise numbers, no bs. You earned a sub! 🎉
Appreciate the support! Glad you found it helpful!
we found more success in driving around the country buying out businesses that were going out of business. Better margins more profit. We then sold the product through our brick-and-mortar store, online website and our 3 time a year garage sale to purge out the things that didn't sell. Money Baby!!!
That’s great :) glad you found a model that works for you
How do I find these failing businesses?
@@woodsmokiring3361 Pick a state, then pick a town/city, contact the chamber of commerce and ask about any businesses going out of business in that location. or Contact the local residents and ask
Great video, Ryan. I’m not reseller, but I find your business model fascinating. Thanks for making these videos.
I appreciate that! Thanks for watching
Thank you for the video. It was very educational. Me and my ol' lady have been reselling for a little over and year. Definitely not were you are at where I can go spend $18k on inventory. But Definitely something I'm interested into get to one day.
Thanks for being "Real". Your insight into the reselling word is very refreshing. Having been restructured out of a career, I've taken the plunge. Now, 4 months in, it's had it's up and down, but I'm sticking to it. Thanks again for the teachings.
You are so welcome, 4 months in is awesome, the only real advice I can give you is to keep an open mind and pour fuel on what’s working! Appreciate you watching and commenting.
Thank you for sharing this content! We are a husband and wife team as well. Awesome!
Love 4th quarter! Not to many sellers have 18,000 to spend. Great video
Ryan you are really a phenomenal & smart person! I was watching this video thinking what am I doing here? I am not a reseller so just leave I thought. Then you began talking about the wholesale items you purchased. I started to get interested by the time you were finished my eyes were popping out of my head 😂😂😂
You are just amazing no people I watch reselling do wholesale. Great content and work you do. Thank you for sharing your experience with us ⭐️⭐️⭐️⭐️⭐️💜
😊♥️♥️😊 thank you!!! That’s the best compliment I could get.
I think I have always lost money whenever I have tried wholesale. I'm glad it's working out for you! I think it would go better for me if I did more research and worked more slowly.
Definitely true, many of us like to see the actual costs and numbers sold with fees and in the end the actual net profit. Those are a lot of coffee machines. Love the shed; cool space for selling.
It's refreshing to see no BS, subbed
Thanks for the great info you shared with us. Love the channel. Stay safe and keep sharing the awesome information
Have found that Free Shipping is easier to deal with Buyers. With Paid Shipping, Buyers almost always want a 'deal' on the shipping cost. Almost all buyers do not have any idea of how much shipping companies including USPS charge.
Just retired, and purchasing in bulk (wholesale) like that would be an awesome way to make some extra income…only problem is that I don’t have that kind of disposable income, or anywhere near the space to store them. I just have to settle for the “dink & dunk” method. That’s not to say I haven’t purchased a bunch at a time (like 48 pcs.), but nothing on the level of a professional reseller like yourself. Best of luck to you.
Great way to clearly explain this in a understandable way.
Thank you
Love this!! Always helping us out to look at new ways to make money!!!!💰 ❤ Love you guys!
Love you back :)
Great vid. Keep crushing it.
Few retailers these days make that kind of margin. The only way they survive is by being able to turnover their stock very quickly and having really good payment terms with their suppliers. As you establish a track record for moving stock I am sure you will be able to negotiate better purchasing terms with your suppliers if you have not done so already.
My area is so terrible to find things for resale. My ebay store is getting low and the items i have left aren’t selling. Not many places to source in my area. Wish I could find another way to stock my store. Great video
Gotta search online at that point
super informative video Ryan!! ✨Happy selling✨
Thanks so much! You too!
Thanks for the great info. You videos are among the best of the TH-cam Resellers. Doesn't shipping for those machines cost more than $10?
Great video and so informational about buying wholesale. Thanks for sharing.
love deals like these! thanks for being transparent! One question I have is how come you aren’t trying to sell locally such as marketplace? i’m sure the margin would be much better than ebay.
Great question! It’s just a time thing for us. With everything we have going on and with how flaky people are on marketplace we’re not really able to dedicate the time to meeting people.
Hi, very good video and information. Congratulations to you guys for your success ! Could you share the stores where we can buy wholesale? Thanks
RALLI ROOTS, amazing content keep it up bro
Thank you 🙌
Thanks, Ryan ! Great content!
Such a good video. You really broke it down. Would like to see more videos like this. Thanks for sharing my friend. All my best.
Awesome! Thank you! 🙏🏻
Great video brotha! Keep up the great work🫡
Thanks dude :) appreciate you as always!
Nice simple example and explanation. Thanks
eBay sucks for me. Most everything has an overseas competitor who’s selling knockoffs and if I use ads, all the fees and shipping eat most of the profits even for brand new items that cost me 80% less than retail and I sell for 55% less than retail. Maybe personalized items will do better, but IDK.
Thanks for the insight! Also awesome shirt!
No worries! Thank you 😊
Wholesale is a good model.
Thank you for sharing!! ❤❤
Thanks for the video and information, can you say how you found the supplier or how you might find or come across a supplier of this sort. Thanks again
Yea I don't think I would ever want to get into that kind of wholesale no offense but glad to see you guys making it keep doing what you're doing 👍
Thank you :) yeah it’s not the right model for everyone
Thanks for the info, I am Amazon seller and Amazon did deactivate our account and funds are in hold, we were doing legitimate purchasing still they deactivate us, Now I am looking for the ebay and wondering what are their process are they good with resellers and support them or they have any IP issues?
Salem NH - thank you for sharing your wholessle experience. 😅😅😅😅
Interesting. Thank you for sharing.
My pleasure!
Thanks, Ryan! I'm curious if you have to box them for shipping or if you can send as is since they're boxed?
Sweet video, good to see the other side of reselling. I understand you can't say who you purchased from but do you have any places that you would suggest to look at if we were interested in doing something like this?
I would try to stay local, maybe look for pallet liquidation companies on your local Facebook marketplace
I'm curious on why Free Shipping out performed. Typically it doesn't matter since eBay will sort the item by total price when people search for cheapest. Maybe states that don't tax Shipping price went with the listing that included shipping since that would technically be alittle cheaper. There are only a few states that don't tax shipping so rest of the country would just buy Free Shipping, just because of the psychology of "Hey I like Free".
Also, I've been watching you guys from the very beginning. Absolutely enjoyed you always breaking down those costs/sales, I remember watching one from your old warehouse and it really helped me better understand the business behind this. I don't do wholesale but LOTs of Bulk buying, because I realized from your videos it just wasn't possible to chase after those 50-100%+ margins so many resellers like and scale a business.
I think Amazon prime just has Americans convinced that free shipping is better. eBay has also said in the past that they give listings with free shipping a boost in search.
Question. When you did free shipping did you do anything with your shipping presets. Or just roll the dice on order destinations?
We excluded P.O. Box, Hawaii & Puerto Rico
I checked all the comments and saw that someone asked the first question that came to my mind which was about returns. Its great that they are replacing the units if they are defective but your still out shipping cost and if your requiring buyers to return the defective items that doubles the cost. Are they covering that as well or do you have to eat that?
Cost of doing business, we eat it. Our return rate is less than 4%
Curious but When you calculate your net profit do you count in paying yourself or labor hours also?
No, we have 1 full time salaried employee, we pay ourselves a salary as well as owner distributions. That's something to discuss with a CPA to see what's right for you.
Can you buy one storage auction and try that??? Love those channels.
We probably will in the future, we used to buy storage units in the past, they’re a bit of a hassle imo
Hi Ryan!
I’ve found some liquidation stores selling open box items for a good price. But there is no store selling brand new sealed items as wholesale. Do you think it is possible to somehow contact with manufacturers and request prices for their items?
Great content. Question about returns: Are you seeing many so far? Do you have any recourse with your supplier if a machine is defective? Just wondering. I had a similar issue with a product on Amazon. They sold quickly but were returned as defective even though it was buyer damaged (hoverboards).
We do yes, they’ll replace the unit if defective. Thankfully our return rate is < 4%
I remember the good ole days When my buddy use to do Truckloads of shoes before it got Oversaturated
Hi Ryan, Thanks for the video. When buying wholesaler do you have any return policy built in...if you start getting returns that the item is defective? Just curious...not at this stage of my business yet but if I ever retire that maybe something I look into.
We do, yes. Defective units get replaced
Me and my brother want to buy wholesale to sell. We have $10-$12k for inventory. You know where or how we can find and research some wholesale items to sell?
Thanks for sharing!
How much time did you spend checking and listing the machines?
The machines are pre checked for us. Losing took 10 minutes
Believe it or not, I always wanted to buy and sell new workbooks. I really don't know why exactly. Does this make me crazy enough to be a reseller.
Would Amazon FBA be better for whole selling?
Curious why only Ebay. Is it bc the returns are easier to assess? Is there like a reason not to use mecari & Depop? Where they have no fee's? Besides money transfer
eBay has the buyers. Amazon has the most buyers but we’re dealing with an open box product. eBay has the 2nd most buyers.
What is your actual profit margin considering cost of money interest rate? Cash purchases versus credit purchases (ie loans, cards)
We’re a debt free business, we use credit cards for points and pay them off the same week so we don’t carry any debt.
@@RALLIROOTSthat's awesome! Exactly what I'm building in my resell biz
Hey Ryan, just to be clear. You make one ad that says something like "Item could have minor cosmetic damage similar to the pictures shown" but you do not take images showing the defects of each unit??
Correct
@@RALLIROOTS Awesome, thank you.
Do eBay ship to customer or you have to the shipping to customer???
we ship
I know you used eBay for these units but my question is regarding Amazon. How long is the registration process to become an Amazon seller? My status has been pending for a couple weeks. Is that normal? I realize you have to go through an application process with several countries.
Is this for US marketplace? Usually it doesn’t take long. But does required your business address to be verified which does take some time for the letter to arrive and you confirm the code that is in the letter. At least that is how they used to do it. So it will take as long as it takes the mail to deliver that letter usually.
Took me about a week
Hell yeah I am also selling coffee machines they make good money all year round babyyyy … screw the haterrrs we actually running numbers up what are you doing ?!?
💪🏻 💪🏻 💪🏻
lol they watching glued to their phones doing nothing and cheaply and lazily typing hater comments it’s sad
$24 net gain per unit sold. Not bad 👍
Hey bro just found your your channel and I've been telling my wife this for like the past couple years like this is something that I like doing I want to get into this I've been selling on eBay here and there OfferUp Facebook market buying and selling you know and it's something I enjoy doing but like how do I step it up and get to this level I don't know what to do I feel lost and I'm like so broke right now you don't even know I don't know what to do anymore any advice or tips would really help at this point
You're going to have to have something to sell to get the funds you need to buy more inventory first. It really takes money to make money, so I'd recommend getting a paying job or three, then use the income to start sourcing items to resell. As your biz builds, you'll be able to slowly cut back on the number of jobs you have
Do you box those units to ship or slap a shipping label on the retail box?
Depends on the unit, the Nespresso one has a weaker box so we re-box that unit. The Delonghi is already prepped for shipping so that just gets a label and shipped out.
When you ship is it just a matter of putting the label directly on the box and that’s it?
Depends on the unit, we have boxes ready if the box the item is in needs to be repackaged.
Thats a perfect 100% on 283 units. What about any returns, damage claims, etc????
Less than 4% - I’ll do an update vid soon. They’re almost all sold out.
@@RALLIROOTS nice work! I love your videos! We are looking at doing an outlet store in our area
Cool t Ryan. Great Video Thank you.
Thanks for watching!
Do you pay ebay a promotion fee? May i ask how much? They have raised their "suggested" amount so much.
5-8%
Ah yes, you can't beat wholesale
Great video
Thanks!
You didn’t mention the defect or return rates.
Less than 4%
You’re forgetting cost of capital and employee costs. These machines don’t list themselves and they don’t package themselves. Amortized storage costs, etc… Also what about EBay returns/fraud? Dead units? I know you’re not trying to say it’s easy, but it’s even harder than you make it out to be.
All worked in. Less than 4% returns, employee costs are static, listing took 10 mins. Never said it was easy but it’s definitely profitable
I know you are profitable, and the processes you have put into place are very admirable. The economies of scale you have created make many opportunities for you profitable that would not otherwise be for people trying to emulate your success. Good luck and continued success.
Great video. My question is where did you find the person to contact to make this wholesale purchase? Is it directly with the manufacturer? I am looking to get into this area of business for my future. Any help is much appreciated
My advice would be to look for local liquidation companies in your area
@@RALLIROOTS I don't have that option. Is there anything you'd recommend to an international college student with no car? I already go to discount stores like goodwill and find items there but would prefer trying my hand at this business.
@@danielhammondtennis take the time to build up your business and capital before jumping into wholesale. Continue doing what you’re doing, you’re not ready for wholesale imo.
Thats just alot of Labor $$ that you are either doing for free or paying someone to do for you.
The time buying transporting listing selling and shipping is all for free in this model.
We’re salaried employees of our own company, & there’s 3 of us. Took 10 mins to list them, average of 5 mins to ship them out. Easy money. Rinse and repeat
@@RALLIROOTSthis is where the value is in wholesaling because you're not looking for individual items to pick and pack. Instead, you're just grabbing "the next one" and slapping the label on it. Awesome work.
@@TH-camPreneur you get it :)
Do you guys photograph each unit? I’m guessing not?
Just 1 of each with examples of what the flaws could be.
Of course free shipping outperformed. But you make less if you are pricing them the same.
Like I said in the video, they were priced the exact same after adding shipping. So if one was $79 free shipping, the other would be $65+$14 shipping. No difference.
Selling them as new or open box?
open box, you can't sell open box items as new.
Where would someone start looking to buy wholesale? Reliable sites or distributers!
I recommend looking locally, look for liquidation companies in your local market
99$ is not bad i use to pay that a month on some discords
What about taxes off the net profit
Yup, every business pays taxes
You have not calculated a few things here
1) cost of the time and labour involved in selling these goods
2) opportunity cost : means if you would have invested this amount some where else ( some other products) what would you have earned.
3) You have also not calculated cost of returns ( if any)
You are calculating 33% profit if you sold all the goods today. But u didnt, so you also need to figure out why you have not been able to liquidate it fast enough, maybe because you are not selling on meta??
You could maybe sell this through your own website to get a more permanent solution for finding customers.... and hence reducing your cost of sale.
I don’t think you understand our business model, and that’s OK. Just know it’s been working successfully for us for the past nine years. Have a good one.
I am not trying to pick on him maybe I didn’t heard him good now he was saying he paid 65 per unit no he was selling 170 with free delivery and 160 with 10 dollar delivery I am not using calculater I am just thinking now if u selling for 170 a unit and 25 percent he said was fees and shiping so 25 percent of 170 is 42.5 dollar now 170 minus 42.5 is 127.5 minus 65 dollar he paid for unit he is making 62.5 dollar Wich is double almost he will be making around 17k now is he is selling less that diff story no way he invest 18 k for one 25 dollar per unit that a lot of money to invest my opinion again I my wrong what I guys think let me know thx
You have the ASP wrong. Average sales price per unit is $119 - fees - COGs. I fully broke the numbers down for you in this vid.
How do you guys start out? I am trying to well, Start so I can leave the slave wage people
we started with $200 flipping stuff from garage sales & thrift stores and built from there.
Haven’t watched in years.
Welcome back :)
Martin Larry Martin Michelle Thompson Ronald
Moore Jessica Lewis Jason Lee Michelle
Those sell for like 300$ on Amazon though? Pretty sure you could get rid of them in a month there
It’s a condition thing, Amazon is very strict about box condition. These are new open box on eBay and would be considered used on amazon
You r wasting your time bro .First the cost of the unit is too high comparing to sell price you not gonna make money man .don’t forget the time and the storage the people working all those costs money .so in my little experience you are wasting your time .
Okay 👍🏻 lol
@@RALLIROOTS don’t get me wrong when I said you are wasting your time not in doing this business but I am talking about getting product with big margin .
@@bahjaa347lol just stop talking embarrassing
I admire the analysis, I try my best, with my dyslexia even watching this video made my brain explode 😅😢😅🫣
Youve had that expresso machine plug for 4 years, I NEED THAT PLUG ASAP ☎️📲
I got to say those numbers are terrible. 6k profit doesn’t include storage, employees and a fluctuating market those margins will break you. From a numbers standpoint point this is an extreme high risk purchase and business plan.
^ it’s worked for us for the the past 9 years :) thanks for the opinion tho. Back to work.
Grocery stores work on about a 3 percent profit margin. 33 isn't bad
Seems like you've never worked in any other industry. These are great margins.
@adammonahan687 something that nobody ever talks about is grocery stores are subsidized and given billions of dollars by the government to maintain those low profit margins. They also sometimes have investors AND they can pay their workers so little the majority of their workforce qualifies for food stamps/welfare so employee wages aren't even that much of a burden for them.
They have a lot more advantages given to them to sell the illusion that they operate on razor thin margins so they can raise prices more than needed. This is why despite those slim margins their executives are among the richest people in the entire world.
Nah those are solid numbers.
Clark Jason Allen John Martinez Scott
do you test with small batches of a product before getting big orders or just look at the sold comps?