Hey brotha, appreciate you responding to my comment. So the numbers I gave in that question were extreme situations but I was just trying to make math easy. Generally speaking if I want to move stuff quick I'll post it up for 50%-70% of market value. This gives another reseller wiggle room to make something off this. Now ideally they want to be the one that bought the n64 game for 3 bucks but we all know how rare that is to happen. I sell alot of my stuff to other resellers same day or within 3 days of getting it for about 50%-70% of market(average, not max value). Faster moving stuff like pokemon, mario etc I'll sell for 70% and slower stuff I'll do about 50%. So don't fixate on the 300 into 500 but use a smaller number like if I bought a pokemon game for 3 bucks and its worth 100. Id probably sell it quick for 60 bucks and most of the time a reseller will buy it to make a quick 20-40 off it. The point is to move product quick. I once bought a backwards ps3 for 100 bucks and sold it for 250(canadian) and a reseller bought it and put it on ebay for 400 and it sat for 3 months. Id rather use that 250 and turn it into more money then try and get max value and wait 3 months. Just yesterday I bought 47 loose ps4 games for 80 bucks and sold all of them to a ebay reseller for 350. Max value of all of it is about 750 and they are cheap to ship. This happens all the time.
@@imjustkeyEXTRA I still have a lot to learn, but I'm down to chat anytime man. I talk to a lot of resellers about their experiences all the time. I just like to learn as much as I can, but at the end of the day, speed wins. There will always be more items to flip.
Good stuff man! My first time watching your videos... I also resell and would love to make content like you do and you do such a great job encapsulating the audience! Keep up the great work
I am right there with you on ebay ads... I look at it somewhat different then most. Right now for the last 31 days my gross sales show 5068.75 for 433 items. I run sponsored ads at 10.1% - my ad fees on that 5068.75 of sales was $367.74 - this is on top of the final fees of 758.39.... however I look at it like my items are at the top of the search result ALOT of the time. I look at it like if someone was to offer me 13.00 for an item I have listed for 15.00 I would take it... When customers buy the item at full price I am giving ebay their discount instead of the customer. I do have best offers turned on and I take the offer into consideration before accepting... If I have an item for 20.00 and they offer 15.00 but found it through a promoted item I counter 18 and explain sorry due to fees this is the lowest I can go. If it wasnt a promoted ad find I might just accept the 15.00 offer.
20:01 - I would buy it in a heart beat.... $300.00 item sold for $500.00 would gross (before shipping cost) $132.05 at the standard 12.35 ebay fees or $76.72 with my added 10.1% sponsored ad. Shipping would be the big factor into depending on the item in question. However just starting out it would be very hard for someone to tie up $300.00 for anything longer than 30 days but the longer you do this that easily turns into 90 days, 6 months, a year... spread this among hundreds or thousands of items it turns into what I would like to think a train. Slow to get going but once rolling its hard to stop.
This is a weird subject because i feel like you pay up for your bread and butter stuff. To make $300 into $500 work I would have to do that in a month or less. Thats approximately a $120 gross profit in a month. Or 40% There isnt an investor in the world that would turn down a 40% profit in a month. They would ask how to invest more. But it HAS to be quick. I often feel youre buying shoes or games for way more than we would pay. Turning $10 into $40 and it takes a year isn't worth it in my mind. I would have to spend $5 or under.
At like 20:30 I said it depends on how fast it would take for it to sell. as far as turning $10 into $40.. no one buys anything expecting it to sit for any amount of time (at least I don’t 😂) but if something were to sit I’d much rather it be $10 tied up vs $300 🙂↕️
@imjustkeyEXTRA we gauge how long stuff will sit all the time. It's very common place for us. I think people do it far more often than they think but they don't realize they do. If you're looking at sell through rates then you're gauging how long it will sit. Assuming all things are equal (price and condition mainly) if an item has 100 listed and 25 sold, we can guess that if no more are listed for the next year, the largest majority of those 100 currently listed will be sold. Not all.... but most. In this particular case we will say that item sells for $100. The most i would pay for that item is $10. Adversely if there's 25 listed but 100 sold that tells me it's going to sell in under a month. For a $100 item........ now this is where I get petty...... I wouldn't pay more than 30 or 40. while the percentages work, the sheer volume doesn't. For an item that sells for $500...... I'd do the $300 though because that volume starts to make sense. Let's rephrase it...... would you spend $30,000 to make $50,000? Do we have to get into the 6 figure range before you'd consider it?
wait this confuses me a little.. you wouldn’t pay more than 30 or 40 for an item that sells for 100 with a 400% sell through rate but you’d pay 300 for an item that sells for 500? lol
@imjustkeyEXTRA yup. The sheer amount of money isn't worth it at that point. I'm not going to pay 6 for an item that sells for 10 with a 400% sell through rate UNLESS I could get a bunch of them and it was one single listing. The percentage works but the sheer amount doesn't.
I definitely wouldn’t buy an item for 300 dollars and sell it on eBay for 500 between sales tax processing fee shipping and materials, and that off chance the buyer decides to rip you off too much risk for little reward.
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Hey brotha, appreciate you responding to my comment. So the numbers I gave in that question were extreme situations but I was just trying to make math easy. Generally speaking if I want to move stuff quick I'll post it up for 50%-70% of market value. This gives another reseller wiggle room to make something off this. Now ideally they want to be the one that bought the n64 game for 3 bucks but we all know how rare that is to happen. I sell alot of my stuff to other resellers same day or within 3 days of getting it for about 50%-70% of market(average, not max value). Faster moving stuff like pokemon, mario etc I'll sell for 70% and slower stuff I'll do about 50%. So don't fixate on the 300 into 500 but use a smaller number like if I bought a pokemon game for 3 bucks and its worth 100. Id probably sell it quick for 60 bucks and most of the time a reseller will buy it to make a quick 20-40 off it. The point is to move product quick. I once bought a backwards ps3 for 100 bucks and sold it for 250(canadian) and a reseller bought it and put it on ebay for 400 and it sat for 3 months. Id rather use that 250 and turn it into more money then try and get max value and wait 3 months. Just yesterday I bought 47 loose ps4 games for 80 bucks and sold all of them to a ebay reseller for 350. Max value of all of it is about 750 and they are cheap to ship. This happens all the time.
Oohh actually I like that! You’re not a greedy reseller.. show me how to be like you 😂
@@imjustkeyEXTRA I still have a lot to learn, but I'm down to chat anytime man. I talk to a lot of resellers about their experiences all the time. I just like to learn as much as I can, but at the end of the day, speed wins. There will always be more items to flip.
Good stuff man! My first time watching your videos... I also resell and would love to make content like you do and you do such a great job encapsulating the audience! Keep up the great work
Hey thanks for the kind words! Let me know when you get started up so I can swing a sub your way!
I am right there with you on ebay ads... I look at it somewhat different then most. Right now for the last 31 days my gross sales show 5068.75 for 433 items. I run sponsored ads at 10.1% - my ad fees on that 5068.75 of sales was $367.74 - this is on top of the final fees of 758.39.... however I look at it like my items are at the top of the search result ALOT of the time. I look at it like if someone was to offer me 13.00 for an item I have listed for 15.00 I would take it... When customers buy the item at full price I am giving ebay their discount instead of the customer. I do have best offers turned on and I take the offer into consideration before accepting... If I have an item for 20.00 and they offer 15.00 but found it through a promoted item I counter 18 and explain sorry due to fees this is the lowest I can go. If it wasnt a promoted ad find I might just accept the 15.00 offer.
20:01 - I would buy it in a heart beat.... $300.00 item sold for $500.00 would gross (before shipping cost) $132.05 at the standard 12.35 ebay fees or $76.72 with my added 10.1% sponsored ad. Shipping would be the big factor into depending on the item in question. However just starting out it would be very hard for someone to tie up $300.00 for anything longer than 30 days but the longer you do this that easily turns into 90 days, 6 months, a year... spread this among hundreds or thousands of items it turns into what I would like to think a train. Slow to get going but once rolling its hard to stop.
🔥
This is a weird subject because i feel like you pay up for your bread and butter stuff.
To make $300 into $500 work I would have to do that in a month or less. Thats approximately a $120 gross profit in a month. Or 40% There isnt an investor in the world that would turn down a 40% profit in a month. They would ask how to invest more. But it HAS to be quick.
I often feel youre buying shoes or games for way more than we would pay. Turning $10 into $40 and it takes a year isn't worth it in my mind. I would have to spend $5 or under.
At like 20:30 I said it depends on how fast it would take for it to sell. as far as turning $10 into $40.. no one buys anything expecting it to sit for any amount of time (at least I don’t 😂) but if something were to sit I’d much rather it be $10 tied up vs $300 🙂↕️
@imjustkeyEXTRA we gauge how long stuff will sit all the time. It's very common place for us. I think people do it far more often than they think but they don't realize they do. If you're looking at sell through rates then you're gauging how long it will sit. Assuming all things are equal (price and condition mainly) if an item has 100 listed and 25 sold, we can guess that if no more are listed for the next year, the largest majority of those 100 currently listed will be sold. Not all.... but most. In this particular case we will say that item sells for $100. The most i would pay for that item is $10. Adversely if there's 25 listed but 100 sold that tells me it's going to sell in under a month. For a $100 item........ now this is where I get petty...... I wouldn't pay more than 30 or 40. while the percentages work, the sheer volume doesn't. For an item that sells for $500...... I'd do the $300 though because that volume starts to make sense.
Let's rephrase it...... would you spend $30,000 to make $50,000? Do we have to get into the 6 figure range before you'd consider it?
wait this confuses me a little.. you wouldn’t pay more than 30 or 40 for an item that sells for 100 with a 400% sell through rate but you’d pay 300 for an item that sells for 500? lol
@imjustkeyEXTRA yup. The sheer amount of money isn't worth it at that point.
I'm not going to pay 6 for an item that sells for 10 with a 400% sell through rate UNLESS I could get a bunch of them and it was one single listing. The percentage works but the sheer amount doesn't.
Oh wait yeah I agree I actually do the same thing.. the most I pay for consoles is $40 at absolute max
I definitely wouldn’t buy an item for 300 dollars and sell it on eBay for 500 between sales tax processing fee shipping and materials, and that off chance the buyer decides to rip you off too much risk for little reward.
Exactly i don't even post on ebay anymore after u make a flip you still owe uncle sam i just sell on Facebook more easier and i keep all the money
yeah that’s a wild margin but I mean if it sells in like 12 minutes I’ll do that over and over again 😂
I use flipwise its great
yeah I’m gonna sign up for it in January I think
Ima use that hack for the 20% off lol i have 3 bins full of books from a storage not worth anything but ima bring like 5 books at a time 😂😂
oh you got the infinite coupon glitch 🤣🤣🤣
@@imjustkeyEXTRA i wonder if you can stack the codes lol
i would of ask ebay to remove that neg feedback as you listed it for parts
It was so long ago it doesn’t matter anymore I’m 100% now
Yo, congrats on getting ungated... you ready to work out a deal yet, or do you still have more studios that you need to unlock?
Thanks dude! And yeah!
@@imjustkeyEXTRA Nice. I will shoot you an email when I get back in town in a few days.
What size are those foam posits?
Which ones?
@@imjustkeyEXTRA top row third from the right. I believe they’re purple.
10:30 these?
@@imjustkeyEXTRA ya I guess will poop
@ whats you’re sneaker eBay name