DON'T Start Reselling Before Watching This!
ฝัง
- เผยแพร่เมื่อ 29 ก.ย. 2024
- This video is about 6 major pitfalls you can fall into as a reseller and how to avoid them. Whether you sell on eBay, Amazon, Mercari, or even Craigslist (bless your heart), I think this video will have something for everyone!
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This is nice. I feel like you're sitting down with me, friend, to friend Caleb to Kaleb... as an aspiring video game reselling this was nice thanks man
Really appreciate this video. I got into flipping/resale to build a retro game collection then slowly expanded from games and DVD to other items. I'm working my way up and it's thanks to people like you and retro Rick, and nes pursuit. Right now resale is something I'm doing for fun but working to expand. Thanks again.
I’m starting doing the same with SNES games and anything else too, can you give me any tips I might find useful
I use to sell things online here and there usually when I needed some extra cash for school and bills. I ended up getting scammed. I sold a iPad and they were going for 350 and up at the time, but I needed money for books the following week so I put it up for 200.. it sold after a few hours. I shipped it out the next day. I get a email a few days later from the buyer saying it arrived broken and he wanted his money back. I had him send it back and I even paid for the return shipping. I received it the following week and the screen was broken and it wouldn’t power on or charge. I know it wasn’t the one i sent him because the serial number was different.. I told him that wasn’t the one I sent him and I wasn’t giving him a refund. I ended up going back and forth with them for about a week until they stopped replying. I didn’t think much of it till I got a email from PayPal saying I got a complaint against me and they were doing an investigation.. PayPal ended up taking their side so i lost 200 dollars and a iPad. I was so mad.. ugh lol
don't worry karma always comes around
If it makes you feel any better I had a similar situation. I had to just move past it or it would have stopped me completely.
Damn sad story bro, screw those people that scammed you
I am so sorry!! I wonder if maybe you had taken a picture of the serial number before sending it, then you could have proved that he was being the scammer. I hear they typically side with the customer unless theres a ton of proof. I'm so sorry that happened to you as well. 200$ is a LOT of money I dont care what anyone says.
Try to sell on this app called Mercari
Just got into walmart and gamestop shopping because of you. Idk how shipping would work with clothes and bigger stuff. Rn i have buyers pay shipping
What if, as a lark, you didn’t resell items and drive the whole market up?
Ok okay, I'll like the darn video. Your welcome. And here's a comment for good measure.
Thanks Kieth!
This isn't related but the more organized office with your stuff on display and the lighting you did in this is really nice and feels like a big jump in quality.
Haha it’s because this one was shot on a different camera
In summary, start small, work your way to higher profits, outsource smart and creative, build connections, and keep your ego in check. Great tips, great video!
Oh my god Caleb is a magician he grew back all of his hair in just the span of one video O.o !!?? ..... or the better explanation this video was actually filmed quite a while ago ;P ...
Wow, I didn't even notice!
This video is film a while ago
🤣🤣🤣
He resold his baldness for a nice profit
Hey I know this video is a year old so I don’t know if you will see this, but do you have any tips for people that are 13. I can’t drive myself anywhere so I just want to flip items because gaming is getting way more expensive so a few extra bucks could help out. If you see this could you please respond thanks!
Thanks.
Im a subscriber.
Im not getting many views on my video games on ebay.
Im not sure if im charging too much for shipping.
I dont trust people so i get signature required on all my packages so i dont ever have to hear "i didnt get the package".
Im doing usps first class mail for games $30 or less :
First class 5.50, envelope 1.50, signature required 2.50 = 9.50 cost, so i charge $9.99.
Im doing usps priority mail for games $31 or more :
Priority mail 9.50, signature required 2.50 = 12 cost, so i charge $12.99.
These are my costs.
Should i not be getting signature required ? (I like security).
Should i be taking a small loss and charge less for shipping ?
Should i do FREE SHIPPING and raise the game price by $7-$10 to make up ?
Also i think charging shipping would kind of prevent some sleazy buyers from returning things all the time because that puts them at risk of losing the initial Shipping and or half of the full refund if theyre returning for a fake reason.
Thanks.
Anybody knowledgeable please reply soon.
Aspiring reseller here. Your videos have been a tremendous help! I resell to help in my hobby (I collect movies, cds and video games). While I'm not moving huge amounts, channels like you and Retro Rick have helped me to continue to have fun in this collecting space while basically breaking even and not using any of my personal income which I love! Its given me a chance to save more money, invest more for my future N still have a tremendous amount of fun searching for stuff. Keep it up
Agreed! These two channels have helped so much fund my collection and have fun!!
Thanks for what you do! You have inspired me to really work at this for 2022 and see just how much I can do!
Great video sir. A friend's father would buy and resell large mechanical equipment. Awesome advice for people looking for their own thing vs the 9-5
oof didn't expect a monthly subscription fee of 15$ a month to access that discord
The key thing about the low dollar stuff is to not get TOO much of it. While it may not be extremely profitable to sell them exclusively, many good opportunities to buy some of the more profitable items only come if you buy some of the low dollar items too, so you have to make the most of them. If the low dollar stuff is "gravy", then you are in pretty good shape in terms of balance. Also I have seen you find opportunities to bundle the cheapos together to get a decent quality sale. Cheapos can also be good if you are trying to learn a new thing...I bought a trackball mouse for $4 and sold it for $11...not a ton of money but I just wanted to see what would happen. The time piece if key. You can't lose a lot of time on wasteful work.
And a new law starting in January where if you sell $600 or more over a 12 month period you have to claim it And will receive 10-99 tax papers.. This includes ebay, paypal, etsy, facebook market..etc etc small businesses will die.
Certainly corporations and big sellers will benefit from this law kicking out small business and sellers. Which will in turn only cause market control and raise resell prices
If you’re a reseller who is making a profit you should’ve been paying taxes already before this even goes into effect. I’ve been reselling for 3 years (first 2 years part time) and I’ve paid taxes on my reselling business every year even though when I was doing it part time I didn’t reach the $20k threshold to receive a 1099. Everyone else should’ve been doing the same. The new tax law will likely cut out some competition because now that some resellers who haven’t been paying taxes like they were supposed to will now find that they make less money and it may not be worth it for them.
Great video with a lot of good points!
Woah his hair has grown back already
Im kidding, i know the video is prerecorded before anyone says
Great advice. I would say, be careful with using the business to fund your collection. It can be very tempting to keep stuff that you find versus putting it back towards the business. If the funding of your collecting is more than what your putting back into the business, then you’re going to run out of money.
it's all bullsh!t they are businessmen they are NOT doing this to fund their collection that is the last thing they are worried about!
Wonderful advice man, I appreciate the last advice the most 💙🙏🏽 patience is the best
Well thought out video with tons of great tips to keep people grounded in reality for reselling. My two favorite tips were "reselling is not passive" (definitely not) and building a community or making friends in the space is absolutely crucial. Your help has been invaluable with growing my channel and business and I'm always trying to improve because you keep setting the bar higher for great content. Thanks for another great video Caleb!
Reselling is passive... u put in the work once and then u never touch it again... until it sells.... or if u do FBA then in that case u won't have to touch it again
your tip is also cry about wal-mart workers right lol
@@Kastaway93 no bitcoin or stocks is passive. zero work. lots of work with reselling, you cant sit on your cough for 60 days 24/7 and make money reselling,. with stocks or crypto you could.
@@William47345 that is ALSO a means of passive income
@@Kastaway93 you put work into one item once if your not out finding a ton more items to flip then you lose money. It's not passive income at all.
another thing with reselling higher-ticket items is that you avoid the riff raff (who drain time/energy) - e.g. bunk return scammers.
One of formulas is to take the active income from reselling and investing a% of it to create passive income. Not financial advice but it’s what works for me
Great video. I like and appreciate the informational / educational videos! Love gaining knowledge from other resellers!
#1 RESELLING TIP: Pay attention to only the first three words of this video's title.
Books can be great! I just bought a book for $0.50 at a garage sale that's going for $40
i used to resell clothing, it became quite difficult due to where i live. our pawns suck and i ended up just giving up, to move into the hype online reselling, i got lucky a few times but ended up losing to bots/other people to the point where it wasn't making enough.. :( ive been thinking, maybe third times the charm? i have a wal-mart no one cleans out, i regularly see OLEDs there and such.
Given the new tax policy, how does the IRA determine your capital gains?
I'm from the Philippines and starting a reselling business from NBA Cards to PS4 games with a part-time job hopefully it will pan out well this video is so useful for us aspiring reseller. Thanks Caleb always been a fan of your channel.
what app or website do you use to look at what games are selling or listing for?
As someone who has been in the video game resale business for 15+ years I can definitely say all those things are 100% true.
Phoenix, saw you at MGC. You traded a Diablo Switch to me for some gamecube games. Where is this Video Game Reseller Discord you speak of? Facebook group? Or where can I find it? Thanks
I’m into as well , psa graded cards , my question is , is Pokémon limited edition , still worth buy ? Or maybe a seal Super Nintendo game ??
I'd like to just say dont get discourage if you dont find anything just keep looking for stuff and you will find it. And like he said if you dont find things you usually look for try sourcing for different stuff out of your comfort zone. Example I found a scientific calculator for $2 and ended up selling it for $84.
first hire a tax prep 😂 then whit $6 dollars ⛽️ and all the tax and ebay amazon fees trie to make a profit
I was starting to question my whole reseller career. I’m super glad I’m watching this!
Don't give up. I only make around $500 profit a month off of re-selling right now but I'm not going to give up or stop because I love doing it and every little bit helps at the end of the day...
Best Tip: Buy all the Wii's at the Thrift Store and re-sell them to rich people so that poor kids get less for Christmas.
Thank you for this video!! Family members of mine are in the antique and re sale market so that has always been an interest of mine, and im feeling a little lost in my career atm and looking for a change. I sell lightly on FB marketplace, and your video has inspired me to broaden my buying and selling visions 🙌🙏
Have sold on Facebook and made good money. I enjoyed it. Have recently been wating these videos and LOVE shopping for good deals already and making money this way. I'm very excited to start trying this. Definitely have inspired me. Thanks. Won't lie. I'm pretty nervous about doing the wrong things and losing money. But I'm excited to try.
re-selling is all about making money and yes, even losing money...what's important is that you're making much more money than you're losing, obviously.
Rural areas may have less thrift stores however they have more antique stores.
I fucking love the info that you put out bro so much knowledge thank you
Please do more of this type of video and how to get rid of shovelware. LOL
I bought fire emblem radiant dawn at my local game shop thinking I overpaid but when I look up the price on Amazon people where actually selling it at 40 dollars higher some times game shops do sell games at reasonable price and not entirely there to rip you off.
I live in southern NC there isn’t any good thrift stores or pawn shops for an hour or 2
The time, money, energy, and gas spent to do this hobby doesn't seem too profitable to me.
I'd rather do nothing.
It definitely can be passive income. What you're going to not pick up something you come across that you can flip easily just because your not in the business full time?
@@anitasarkeesian3658 I get what he's getting at but the way he worded it was poor.
@@anitasarkeesian3658 wtf r u talking about? He said you can't do it part time, that you have to be in it full time to maximize profits. I get that but some ppl could careless and use it as a hobby to make a few dollars. That still is technically passive income isn't it, whether you make a nickel in profit or 1000s.
@@anitasarkeesian3658 I just rewatched it n he deliberately said ur better off putting your money in an IRA if you want passive income. He's talking about active income and I pointed out if someone finds something they can easily flip n make a small or big profit and get that dopamine rush from it I doubt it's really a waste of time. They aren't stressing over it but enjoying it as a hobby PASSIVELY.
Nice wig
Thanks for the tips, love this kind of videos! 💯
Out of all the different videos I’ve looked at trying to find answers, not only did you answer them but in a wholesome sincere way. If I could sub again I would lol. Great works man
Cool advice. Really enjoyed this video. It's going to be great to watch it again for helping my online selling. Thank you for this video :) wishing you a great day.
Does any1 know an actual good reseller discord?
I’m so poor I’m looking at reselling just to make ends meet
All nice to hear those numberd, but can you proof your sales?
Love the convo! Thank you!
All great advice. I am not even an aspiring reseller. I haven't even started but I have tons of inventory (toy collection, card collection, games, etc), and a 30x60 shop, etc. I work in logistics full-time doing Pharmaceutical Imports and make around 75K a year. I dont want to do this grind for the rest of my life but I am terrified and have thousands of questions on reselling so I keep delaying starting up.
Start up and do it part-time prior to doing it full-time. Jumping off the boat from the full time job into reselling too early is a great way to land flat on your face. By the time you decide to make that switch, it should be done without significant self-doubt or worries. In short, Don’t play yourself!
Early 👍
Thanks bro! It helps!
Damn. Your hair grows back fast. Lol
This was very helpful I am trying to get into flipping games and I do have like a gamexchange in my area as well as some thrift shops and pawn shops! But the only thing is I am 13 so I can’t drive my self to those places so it may be harder for me to do it so I would like to see a video on best ways for like 13-17 year old to make some money or how to flip things 😁
@Sage&Grookey
This is where you're wrong. You can walk to these areas. Don't impose restrictions like "I can't". If you really want it do it with a stride
@@magnificentmarty5113 oh yeah that’s true thanks I appreciate the feedback 😁
@@sagegrookey5220 all deserved. Have you started reselling now?
Everyone is a reseller theses day
Best passive income is crypto obviously
I watch a lot of your videos kinda like a podcast and when you did those little pop sound effects through one ear, it threw me off lol
You’re beautiful :)
I thought you shaved your head
I found all of your advice helpful Phoenix.
Lol passive income in the opposite
What's the discord?
You grew your hair back fast
Thanks for the tips 💕
It’s great u made theses videos
This is some excellent advice. I used to flip video games and consoles in high school back in 2011 (some videos of my scores are even on my channel lol) and that was how I made money before getting my first real job. I would hit up nearly every city rummage I could over the summer and get as much video game items as possible. I still flip things now every once and a while when I see the opportunity. I've always wanted to go full scale with it, but never had the knowledge. For people looking to flip, these tips are KEY. Keep up the solid work Caleb.
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You grow hair fast
Man...I'm planning to start doing this hobby as a "side hustle" by where I'm at...it ain't the best situation (in Asia, not America but will be in a couple of years)
Saving...it's YOUR (hard earned) money at the end of the day.
you gotta set aside your money for utility bills, food, entertainment, and miscellaneous stuff before going into reselling.
Iv never used eBay... If I have PlayStation 2 and games to bundle together. How would I know a price to place it for? Is other sites to sale games?
I wish I could buy u lunch or a coffee bro, to be able to personally thank u for all of the advice and the personal journey that u and ur channel have started for me. Much love and respect! ❤️👌🏼🤘🏼
also remember this.
if you have a popular youtube channel. people will tend to flock to your store to buy stuff.
not a bad thing mind you. but it is like someone wanting to be an actor. you have to sell yourself almost as much as your product.
Bug
We have pawn shops in my area but since the pandemic they are empty stores. Most survive solely on people making payments on loans( it’s sad actually my little brother manages a pawn shop. He says people pay the interest on loans for years never reclaiming the item just making sure they still keep it). Plus in Portland Oregon which my city is a suburb of. It’s common to get robbed outside since people assume you got money while you were inside. And after the protests they really did defund the police. So no one is coming to help. So I envy your pawn shops in Kentucky.
What app does he use to check the amount it could get after fees?? Like once everything is done
So I was going through my inventory of items, and can anyone tell me why on earth Wii Sports Nintendo Selects is selling for $120 on amazon? I don't have to approval but wow.
I’ve got $10k in bank from selling on eBay and I can’t find anything to buy other than $4 DVDs at Goodwill.
What would you say is the population in your area? like within a 50 mile radius? how often do you go to different states to source? ( Also I think it should be called farming but that's a rpg reference for gathering resources XD)
Sorry one more comment. So you started the discord and you invented the switch trade. ( even I used the switch trade. ). Mad respect those are 2 really great things.
Gotta be honest man, at first I selected the “see less” option on your videos.
I’ve since subscribed after the algorithm recommended you once again; thus becoming a consistent viewer of your content.
Great stuff man.
Love your videos (when I have time to watch them), but the cherry on top…..the box of Gex to Scott the Woz and Friends. Keep up the great work, man!
Reselling definitely is NOT passive sometimes it could take a week to sell something just gotta keep going
Great information, i have to rethink my profit is profit mentality too and go for some higher $ items to flip. Was watching SAS Golf and he had your videos playing in the background lol.
Which source should I sell the most.. Amazon or eBay or etc... Got any preference????
This was very informative. I’ve decided I want to start reselling myself. Great video, and may God bless you!
Thank You Caleb for helping those of us who want to try reselling. 👍😎👍😎👍😎👍
Nice content, I appreciate the thoughts and advice... Thank you
One of my favorite like and subscribe skit I’ve seen that was smooth 😂
Ty man, just started watching you last night, ty for the tips
100 per cent correct....i started flipping just over a year ago after watching your video at 1st was fantastic and easy now people have got on to value off retro games and like you said theres no pawn shops in uk like america whats ashame but i will still continue to find the gem....great info ⚒
I’ve been watching your videos for a bit now and I’ve been wondering what do you use to scan the games?
Do you have any good solutions to getting shipping supplies and different packaging for fairly cheap?
It’s dope you share this with other people when you could just put yourself on.
No way that crystal version is 91$ damn i had that not in the best condition but shit sad i lost it
I've made some money and gotten certain items I wanted by trading up and making deals.