Retail vs Resellers: Why the Resale Market Wins Every Time
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- เผยแพร่เมื่อ 28 ก.ย. 2024
- Retail vs Resellers: Why the Resale Market Wins Every Time. In This video I discuss the retail vs resellers narrative, exploring the undeniable reasons why the resale market emerges as the ultimate winner.
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People who don't do eBay are shocked whenever we discuss margins. 10X, 20X or more is possible out there. And the best items might be 100 to 200X (pay $1, sell for $200). Books in particular can have really high margins, in part because the price of used books is typically low. Bought a bag of books for $1, all auto repair manuals. Most were from the manufacturers rather than Chitons and Haynes. That $1 bag has so far resulted in over $300 in sales, and I still have a handful left. Sure there are fees, so maybe I cleared $250. Now these finds and sales are unusual, but finding a $1 book and selling for $15 to $20 is very common. +100 on trends. Trends come, and then they go. You really have to get those items listed and sold, as trends die and if you still have the stuff hanging around in your death pile, look out. Inventory is not an investment. You need to keep it moving. I love selling lots of books.
My son purchase a item for $100 here in Australia . Send it to USA to be refurbished which cost $300. Then sold it to a guy in Las Vegas for $1500 plus ship. He think I crazy turning $5 into $30.
Books are awesome as you can tell from my channel. Thanks for watching.
Are physical books really still a high selling item in 2024 tho?
@@empowereveryone7063 books tend to sell slow but the margins are worth it. Just sold a John Deere shop manual, $75, paid nothing as it was in the free bin. Check sell through rate on books, most are slow. But if you have the room, nothing compares margin wise. Minimal $$ to get started. And realize, not all books sell.
Out on the tiles ....or The Rain Song...depends on my mood
Thanks so much for the comments.
Another great video! My brother-in-law was visiting this week. I was telling him about your numbers. He couldn't hardly believe it. He was also amazed at what I sell stuff for.
Nice. Hey, as they say numbers don't lie. Thanks again.
Ten Years Gone & The Lemon Song are two of my favorite Led Zeppelin tunes! 😎🤘
Nice. Thanks for watching.
Led Zeppelin is at the top of my rock list. Love Kashmir and favorite album is Physical Graffiti and Houses Of The Holy.
Thanks for watching and commenting.
Thank you! Always enjoy watching❤
When the Levee Breaks is my favorite Zeppelin song, not close
Well the Levee did break in CALI!
Your simplifying, I managed a retail store and yes margins are smaller. I'd a good friend had a furniture store and they are of course quite different than generalized retailers or club stores. General retail measures floor space value and performance as that is the asset. The golden days of furnishings changed drastically over 60+ years and in time he transitioned to pre-owned fine furnishings and did fairly well as people didn't know what they had. That said most retailers operate on consignment which is a distinct advantage. Most resellers fly under several radars and as a former manager of a retail store and you a former owner you know exactly what I'm talking about in home based hard goods not to mention if employee's come into that fray.
I’ve started using your FBA system and very excited 😂 in the past week I’ve sent about 160 pounds of books 📚 and feeling good about it. No sales yet tho and some of the books are 151+
Nice
Nice Mike!! You sure didn't have the Snap On lot for long - that's a cool flip - love the unique stuff like that. And the clubs that you found to go to NC with is a nice find too!! Sweet!! Hope the shoulder ache passes quickly!! Regards!! Dave
Thanks again!
Led Zeppelin is my favorite band! My favorite songs by them are Kashmir, Over the Hills and Far Away, and Friends (I can even play a couple of these on guitar, not at Jimmy Page's level but who is, ha ha)... No Quarter and The Rain Song are beautiful and amazing too. Yes 70s music had some special magic for sure, though I'm biased having been born in the 70s. Thanks for the great videos, they're always inspiring to your fellow resellers!
Thanks so much for the comments. Love all Zeppelin songs. Quite amazing that era we grew up in.
Mike I find your TH-cam videos informative and entertaining. In NY cold weather has closed down my weekend yard sale sourcing. You have mentioned Savers many times. I haven’t been to the two local ones in over seven years - I gave up going to Savers, Goodwill and Salvation Army because of high prices and never finding anything worth my time. Anyway I went to the two Savers last week and was pleasantly surprised. My selling niche is one many shun vintage china and glass. The first Savers I went to is in a middle income area - clean well organized; very good staff. No bins of books but six or more people going through many shelves of books with Cell phones and some type of reader - buying books. Since china/glass are very longtail items I look for an overall $1 cost to $10 sales ratio. I did find two plates for $2.99 that sold within a week for $20 each plus a good pattern of Noritake. Tuesdays is their senior citizen day 30% discount; plus I signed up for the frequent buyer program with points that lead to free purchases. I was surprised to see several self-checkout registers. The second Savers is in a lower income area this was disorganized; dirty and under staffed. Nothing was of interest to me. I am happy I went to the one further away 25 miles first instead of the closer 15 miles away - or I probably wouldn’t have gone further.
Nice. You just have to always keep going. Some days I get nothing, but I just keep showing up and eventually something just comes out. Thanks for the nice comment.
Furniture has some awesome margins.. Even used furniture!
Always have. Too bad they have taken a hit like so much do to the bigger businesses.
Thank you I learned
so much from you!!!
Mike, I’ve been watching you a lot but I’ll admit I don’t understand what you mean by buying a bin. Can you talk about that please? Love your videos, so helpful!
Go to any of my videos and look to go to my channel. On my channel hit playlists and open up the FBA playlist look for me in the thumbnail with books behind me in a bin and watch one.
Enjoyed the video, Mike.
Whole lotta love
NICE So many hits.
The Charlie and the Chocolate Factory book, the Umpa-Loompa's are Pygmies, not little orange creatures. I still have a first edition of that book, but it doesn't have a dust jacket.
Enjoy your informative videos. I am learning alot, much Thanks.
Thanks for watching.
I heard sams and costco make 80 percent of their money from memberships hardly make any from the goods they sell thats how they r so cheap
I forgot that point. Same for AMAZON all about PRIME
First for book
Send info to ridesharereseller@gmail.com
My margines are pretty good.. however i buy more than sell😂
Sadly eBay is the only way to make a living in America these days. Capitalism blows.
It can be very hard at times on the retail side.
Led Zeppelin is a great band! My two favorite songs are D'yer Mak'er and Black Dog. Thanks for another great video.
Thanks for watching.
Hopefully the shoulder is better by now! Don't stretch it at this point. Rest it and use a good heating pad so that it can relax. Feel better, Mike!
Great video
Led Zeppelin was a great band. I liked most of their music. I don't know how true this is, but I have read Led Zeppelin was one of the most famous cover bands ever. I read that they did not write most of their songs.
There are stories of that. I believe some of it.
I was very hard on my shoulders when I was young. If I do physical work for a long time my shoulders ache. I changed the garage door springs the other day and I was sore for a day. If it is the left side only you might want to get your heart checked out. It may not be anything, but better safe than sorry.
It's like a back shoulder blade. Just drives me nuts. I have an appointment soon for overall check up.
Hope you are feeling better soon. What do you think of the enormous P.G. E. bills we have in San Jose this Winter. Ours was $500 and we barely used the heater. It would be interesting to hear your opinion on that topic.
Mine was the same. Nuts now. Water is going up also. They are slowly crushing average people.
Over the hills and far away is my fav!
Nice! How about Down By the Seaside?
@@goldenstatepicker oh yeah 👍
Just saw you today at Savers didn’t want to bother you , but great to see you during thrifting !
That's cool. I would be like HAY I watch your channel. lol Neat though.
Say hi next time. Thanks for watching.
@@texaslady7630yea but sometimes don’t like to bother people when they are focused
@@goldenstatepickerdefinitely will!
Yes, sure understand that. @@reneramirez34
Thanks Mike!
Slipping! LoL