I work at an elementary school and we do a joke every Friday with school announcements. One from 2 weeks ago that I loved: What did one monocle say to the other monocle?.......Let's get together and make a spectacle of ourselves! 😂
I have this saying. “Everything will eventually sell”, I do have several items, mostly Tupperware seals, that are slow to sell, but my cost of goods are less than 50 cents each and I’m a patient man.
... and matching that, "Everything has its price" or, as my late father always put it, "Something's only worth what someone will pay for it." Finding the right price is the key to selling, buying at the *right* price is the key to _successful_ reselling.
That is so easy to ship. You just wrap it in one layer of bubble wrap and take a un-put-together box that is larger than the frame. Slide it into the flat un-put-together box and tape up the edges of the box and send it on its way. I use that method successfully for lots of flat unbreakable items. I do write "do not bend" on the outside of the box, not for the post office, as they pay no attention to that, but for the customer, so they see I did the utmost to be careful about shipping the item to them.
Probably 8% of my items don't sell, or sell at way under what I paid. Most of that is older stock, when I was learning things. Some of the items are also "Rescue Items", old pieces that I simply couldn't bear seeing them trashed.
We all have to start somewhere. The important thing is that you are learning what things sell for so you don't continue to make the same mistakes down the road. My first go at reselling was with things I knew their worth resold. Now I'm testing out items from out of my house. What sells, sells. As long as I get above garage sale price, I'll be happy. But it's giving me a feel for what goes as an everything seller without putting out any funds to try reselling it.
I like selling buying and selling video games I’m making money I suppose I do terrible book keeping, but I know my sales since I started at the end of January is around 1800(counting shipping) and I have around 2000 listed still getting little trickle sales 1-2 a day had a few real good 5-6 game days. I took a hit buying bulk bubble mailers a thermal printer and bulk bubble wrap for selling consoles. I also took a hit by keeping one of every console for testing, but all in all it looks like I’m super close to being in profit in just alittle more than a month.
I have a black havanese named Taffy! She’s just like that, “let me in, let me out” and extremely vocal. Bad news is she’s 7 now and still acts just the same, it’s a breed thing, not a puppy thing.
Just finished my first complete year . I have a lot of mistakes in my store and am coming to realize selling an item to break even makes no sense. Chancing a return to make nothing is why i just donate to the church thrift and get my receipt. Learning to let go in cleansing and important to learning to not get emotionally attached. Kevin once said " if you cant afford to lower the price you shouldn't have bought it in the first place". Make better choices folks. Bad choices will suck your time marking down and relisting. Do it right the first time...price it right , look it up, if its crap put it back....lol
I'm in KY, and a Dad Joke pro, so this can be classified as "Clean Commonwealth Comedy" too: What do Lawyers wear in Courtrooms?..Lawsuits😂😂.. thanks for commenting on my comments on Trash 2 Cash...about watching "The Arbitrages".
Unsold inventory? As close to zero as makes no difference. If it's been listed then, one way or another, it will sell, either at a reduced price or in a bundle. Almost the only items that 'disappear' from my inventory are those that are withdrawn for personal use. Of course, there are pieces that never get listed and just get tossed out; that's almost inevitable when buying job lots at auction. I simply account for those in the cost per item for the saleable items. The other consideration is time to sell; I'm not in a particular hurry and many of my listings come firmly inti the 'long tail' category; Just last week I sold a CD that had been listed for 8 years--it took virtually no space, the lkisting was already done and my store operates within its 'free' listings allowance, so why not leave it? It had been ended, reviewed and relisted (or rather 'sold similar') periodically to check the price was still competitive and to add in any new item specifics. I know the original listing date only because it is in the SKU fiekd (I store media in date order for ease of picking).
i like this comment Paul...I was thinking about similar comments and giggled "well, without stating a time frame, you all can't answer and compare in any way that is important."
If it is a frat, one of the most effective ways would be to call the office of the dean of students. College officers deal with problems with frats, and talk to frat presidents all the time - "you guys have to cut that out, you're making us look bad". And they usually do.
My sales are doing decent for me right now. Even though some are small, I've had a sale just about every other day. Love the t-shirt! Use to love watching that cartoon as a kid. Anyway, always great to see you doing well and blessings to you and the family.
We srarted reselling in July 2023. It went nuts, my recommendation to anyone starting this. Have space designated to this and keep records of everything or tax time will take you by surprise. Other than that go out and have fun.
Kevin, what about the time looking for an item that sells? Unorganized resellers search and search. Early on I set up a great system. That being said, I still have an occasional item I can’t instantly locate. A yearly match up (like you just did) items stored to items listed. So important to do. Every company does an inventory so why not a reseller.
Hello doggies. Hello No-name! I agree with Kevin about fast nickels being preferred to slow dimes. Then you can take the nickel and buy more stuff to turn into more nickels. Slower quarters...that takes more thought, and knowledge of how much slower. When I was selling, my no-sell was probably about 10%. Times and styles changed between when I bought and when I sold, and some things just plain didn't move no matter how cheaply i priced them. They needed to be pulled and lotted up or just donated.
I wish folks on you tube would tell how many items they have listed. It would give a better idea about sales performance. I mean its interesting to know how many items you sell in a given period of time but knowing that number out of how many items you have available would be helpful.
I feel like people tend to buy more items when you have a larger inventory. I wasn't getting any sales until I got over 50 items listed. I'm under 200 items, so I have sporadic sales. Some items have sold within 15 minutes of me listing it. Other items randomly sell. But I feel like people take you more seriously as a seller when you have a larger inventory for people to look through. I may be wrong, but I have seen this be the trend for me.
I don’t know my percentage. Some of the oddest things sell for me and I wouldn’t know what those items are without taking chances. I think everyone is different and our knowledge is different. Also we are all in different areas… some really good items are more common place in some areas than others. Everyday I learn something new and other sellers shouldn’t judge. Sometimes instinct is a good thing to follow.
“I JUST LOVE-LOVE THAT STEAL GUITAR! ARE YOU PLAYING IT KEVIN?”! Just curious 💜♥️💪🇺🇸♥️🙏Prayers to you and your entire families! Hugs to BRM and the grown kiddos and fur babies of course❤
Your glass items are beautiful. I hate mailing it though. It is hard to hold your breath for 4-5 days hoping the Post Office doesn't break it in shipment. lol. Good Luck!
somewhere between 5-8% for my full time first year. Anymore than that and I would say you need to improve sourcing, look at pricing, evaluate shipping packaging cost to customers!
You are absolutely right about looking at it from how much you are making per hour. ROI analysis is really more important if you were to scale it up and hire people, make it something more than what just you can do. And it is just a lot of fun to find cool stuff to sell.
I consider my thrifting as entertainment. It's a hobby, not a J O B. One nice thing is I make money on my hobby, which is pretty nice. My dad's hobby was golf. He spent thousands of dollars every year on this hobby. Never sell is about 10% for me. Now some items sell, TWO YEARS after I listed them. I call these items "dead stock". It's stuff I have listed that just didn't sell. Any day I sell one of these items is a GREAT day. My dead stock is a reflection of bad buys.
5% is one in twenty, so I don't think it's unrealistic. 5% is about my percentage too, but I do have stuff from three years back. If you count those items the percentage is higher.
I'm guessing around 30%. And in 2024 I'm testing a new plan to trim the dead wood from the bottom of the inventory. I won't know how it's going until around June, but so far, overall sales have increased in the store while at the same time traffic is down. (More people are buying multiple items per order.)
I think if you check items before listing to see if they sell/have sold in the past, AND you have space to just hang on to things, most items will eventually sell. A for sales to viewers---sales are sales. The money pays the bills either way. I don't understand people's issues with that at all. If they want similar viewer sales, they can start a channel & grow it up to the level of yours as well.
Definitely not tracking the time to process correctly. But then, those who only spend a few minutes photographing and listing can see that reflected in their listings. Definitely can improve your photos and descriptions for better ROI. You have to be mindful about putting quantity over quality.
It's very rare that I will spend $50 to only make $50 "profit"... But if it's like your Starbucks sign, yes maybe, like it better be unbreakable and I know I have at least 2 guaranteed buyers in mind... otherwise it's a pass... I'll find something else without a doubt.
Rotten food eBay scammer Man how many episodes have I missed I've got to go back and watch all your videos I'm way behind sorry man hopefully I can catch up it's been a rough couple months😢
I have way too much long tail stuff. It sells eventually for about what I would like. Over time I have gotten better at sourcing. I’ve doubled my sales from this time last year but I wasn’t full time then. I am looking for work though because it’s not enough consistently for me but it’s been enough that I can job hunt without starving. If one of my channels would take off that would help but 16 years 8 channels and 10k+ videos that doesn’t seem likely. I’m not great for family friendly but here’s one that I thought up a while back that I think fits. Does heavy snow have body image issues?
Kevin - I love what you do. You are honest and I love your family (and pets). I am thinking about reselling - can you let me know where to start with Ebay? Thank you
Your question is too broad. It’s a bit like asking “how do I get started with building a house?” There will be videos on TH-cam showing the basics, but you also might be better off asking more specific questions.
I think your math skills are very good compared to Dave’s. He “makes” $25 on an item he paid a dollar for. Then he says it’s free shipping then add on eBay fees which really comes out to about $2 profit.
I'm happy to make $20 net profit on an item that sells quick. The focus on "5xing" is dumb. I can make 75k a year $7 at a time. Who cares what the multiple produces?
People who value their time, that's who. At $7 you'd have to sell 30 items a day to make that, which means you'd have to list at least 30 per day, and more realistically 60 a day just to keep up.
How do you make water holy?
A: You boil the hell out of it! 😆🤣
😂😂😂😂
🤣😂
😂😂😂
I work at an elementary school and we do a joke every Friday with school announcements. One from 2 weeks ago that I loved: What did one monocle say to the other monocle?.......Let's get together and make a spectacle of ourselves! 😂
😂 😂😂
For Easter coming up : What does the Easter bunny get for making a basket? 2 points, just like everybody else 😂😂😂
I have this saying. “Everything will eventually sell”, I do have several items, mostly Tupperware seals, that are slow to sell, but my cost of goods are less than 50 cents each and I’m a patient man.
... and matching that, "Everything has its price" or, as my late father always put it, "Something's only worth what someone will pay for it." Finding the right price is the key to selling, buying at the *right* price is the key to _successful_ reselling.
That is so easy to ship. You just wrap it in one layer of bubble wrap and take a un-put-together box that is larger than the frame. Slide it into the flat un-put-together box and tape up the edges of the box and send it on its way. I use that method successfully for lots of flat unbreakable items. I do write "do not bend" on the outside of the box, not for the post office, as they pay no attention to that, but for the customer, so they see I did the utmost to be careful about shipping the item to them.
Probably 8% of my items don't sell, or sell at way under what I paid. Most of that is older stock, when I was learning things. Some of the items are also "Rescue Items", old pieces that I simply couldn't bear seeing them trashed.
That's the first signs of hoarding.
Lol you have a gambling /porn channel. Projection bro @joerogan9554
We all have to start somewhere. The important thing is that you are learning what things sell for so you don't continue to make the same mistakes down the road. My first go at reselling was with things I knew their worth resold. Now I'm testing out items from out of my house. What sells, sells. As long as I get above garage sale price, I'll be happy. But it's giving me a feel for what goes as an everything seller without putting out any funds to try reselling it.
I like selling buying and selling video games I’m making money I suppose I do terrible book keeping, but I know my sales since I started at the end of January is around 1800(counting shipping) and I have around 2000 listed still getting little trickle sales 1-2 a day had a few real good 5-6 game days. I took a hit buying bulk bubble mailers a thermal printer and bulk bubble wrap for selling consoles. I also took a hit by keeping one of every console for testing, but all in all it looks like I’m super close to being in profit in just alittle more than a month.
I have a black havanese named Taffy! She’s just like that, “let me in, let me out” and extremely vocal. Bad news is she’s 7 now and still acts just the same, it’s a breed thing, not a puppy thing.
Why did the chicken cross the road?
To show the possum it could be done 😂
Thank you for sharing your work and family.
Why did the snakes cross the road?
They wanted to get home before their parents had a hissing fit.
What did the three legged dog say to the sheriff? “I’m lookin for the man who shot my Paw!”
Just finished my first complete year . I have a lot of mistakes in my store and am coming to realize selling an item to break even makes no sense. Chancing a return to make nothing is why i just donate to the church thrift and get my receipt. Learning to let go in cleansing and important to learning to not get emotionally attached. Kevin once said " if you cant afford to lower the price you shouldn't have bought it in the first place". Make better choices folks. Bad choices will suck your time marking down and relisting. Do it right the first time...price it right , look it up, if its crap put it back....lol
Knock knock. Who's there? Dwayne. Dwayne who? Dwayne the tub, I'm dwonding.
No
Keep up the great work! It’s a blessing that you are willing to share so much of what you do with your family ‘Team’ business! 👍🙌👏
When does a joke become a dad joke? When it becomes apparent! 😂
I'm in KY, and a Dad Joke pro, so this can be classified as "Clean Commonwealth Comedy" too: What do Lawyers wear in Courtrooms?..Lawsuits😂😂.. thanks for commenting on my comments on Trash 2 Cash...about watching "The Arbitrages".
Count your blessings. Many we know have sales that are down right now. Glad things are going well for you and yours.
Unsold inventory? As close to zero as makes no difference. If it's been listed then, one way or another, it will sell, either at a reduced price or in a bundle. Almost the only items that 'disappear' from my inventory are those that are withdrawn for personal use.
Of course, there are pieces that never get listed and just get tossed out; that's almost inevitable when buying job lots at auction. I simply account for those in the cost per item for the saleable items. The other consideration is time to sell; I'm not in a particular hurry and many of my listings come firmly inti the 'long tail' category; Just last week I sold a CD that had been listed for 8 years--it took virtually no space, the lkisting was already done and my store operates within its 'free' listings allowance, so why not leave it? It had been ended, reviewed and relisted (or rather 'sold similar') periodically to check the price was still competitive and to add in any new item specifics. I know the original listing date only because it is in the SKU fiekd (I store media in date order for ease of picking).
i like this comment Paul...I was thinking about similar comments and giggled "well, without stating a time frame, you all can't answer and compare in any way that is important."
Glad to hear things are coming down. Thank you!❤
Great video friend! Great sell through percentage, happy end of winter for you and your beautiful family. May God bless you guys
Thank you. Hope your day is a good one
My best friend is a Proctologist
With a friend like that you don’t need an ENEMA man lol 😂
If it is a frat, one of the most effective ways would be to call the office of the dean of students. College officers deal with problems with frats, and talk to frat presidents all the time - "you guys have to cut that out, you're making us look bad". And they usually do.
My sales are doing decent for me right now. Even though some are small, I've had a sale just about every other day. Love the t-shirt! Use to love watching that cartoon as a kid. Anyway, always great to see you doing well and blessings to you and the family.
Really nice sales and love the hourly wage breakdown. Also so glad the rotton food has gone away! That was so crazy!
We srarted reselling in July 2023. It went nuts, my recommendation to anyone starting this. Have space designated to this and keep records of everything or tax time will take you by surprise. Other than that go out and have fun.
Thanks for the update Kevin. Great job on those Phake sales.
Kevin, what about the time looking for an item that sells? Unorganized resellers search and search. Early on I set up a great system. That being said, I still have an occasional item I can’t instantly locate. A yearly match up (like you just did) items stored to items listed. So important to do. Every company does an inventory so why not a reseller.
I enjoy your videos Kevin. Thanks for sharing your knowledge and experiences.
What do you call a cow with no legs? Ground beef.
My joke for you: "I always wanted to be a monk but I never really got the chants."
Great sales Kevin and family Congrats!❤
Hello doggies. Hello No-name! I agree with Kevin about fast nickels being preferred to slow dimes. Then you can take the nickel and buy more stuff to turn into more nickels. Slower quarters...that takes more thought, and knowledge of how much slower. When I was selling, my no-sell was probably about 10%. Times and styles changed between when I bought and when I sold, and some things just plain didn't move no matter how cheaply i priced them. They needed to be pulled and lotted up or just donated.
I wish folks on you tube would tell how many items they have listed. It would give a better idea about sales performance. I mean its interesting to know how many items you sell in a given period of time but knowing that number out of how many items you have available would be helpful.
I have 1300 listed
I feel like people tend to buy more items when you have a larger inventory. I wasn't getting any sales until I got over 50 items listed. I'm under 200 items, so I have sporadic sales. Some items have sold within 15 minutes of me listing it. Other items randomly sell. But I feel like people take you more seriously as a seller when you have a larger inventory for people to look through. I may be wrong, but I have seen this be the trend for me.
I don’t know my percentage. Some of the oddest things sell for me and I wouldn’t know what those items are without taking chances. I think everyone is different and our knowledge is different. Also we are all in different areas… some really good items are more common place in some areas than others. Everyday I learn something new and other sellers shouldn’t judge. Sometimes instinct is a good thing to follow.
“I JUST LOVE-LOVE THAT STEAL GUITAR! ARE YOU PLAYING IT KEVIN?”! Just curious 💜♥️💪🇺🇸♥️🙏Prayers to you and your entire families! Hugs to BRM and the grown kiddos and fur babies of course❤
Your glass items are beautiful. I hate mailing it though. It is hard to hold your breath for 4-5 days hoping the Post Office doesn't break it in shipment. lol. Good Luck!
somewhere between 5-8% for my full time first year. Anymore than that and I would say you need to improve sourcing, look at pricing, evaluate shipping packaging cost to customers!
You are absolutely right about looking at it from how much you are making per hour. ROI analysis is really more important if you were to scale it up and hire people, make it something more than what just you can do. And it is just a lot of fun to find cool stuff to sell.
I believe everything will sell on eBay for the right price and the right descriptions
Much love to all!😊
I consider my thrifting as entertainment. It's a hobby, not a J O B. One nice thing is I make money on my hobby, which is pretty nice. My dad's hobby was golf. He spent thousands of dollars every year on this hobby. Never sell is about 10% for me. Now some items sell, TWO YEARS after I listed them. I call these items "dead stock". It's stuff I have listed that just didn't sell. Any day I sell one of these items is a GREAT day. My dead stock is a reflection of bad buys.
Your furry people get lonely and come to see you 😍 glad what you did around those scammers seems to be working!
When I first started to resell I would say about 50% would sell but now we’ve got it down to maybe 20% because we’re still learning, 5% is amazing
5% is one in twenty, so I don't think it's unrealistic. 5% is about my percentage too, but I do have stuff from three years back. If you count those items the percentage is higher.
Hope to see you at Peaches to Beaches!!
I'm guessing around 30%. And in 2024 I'm testing a new plan to trim the dead wood from the bottom of the inventory. I won't know how it's going until around June, but so far, overall sales have increased in the store while at the same time traffic is down. (More people are buying multiple items per order.)
I think if you check items before listing to see if they sell/have sold in the past, AND you have space to just hang on to things, most items will eventually sell. A for sales to viewers---sales are sales. The money pays the bills either way. I don't understand people's issues with that at all. If they want similar viewer sales, they can start a channel & grow it up to the level of yours as well.
Definitely not tracking the time to process correctly. But then, those who only spend a few minutes photographing and listing can see that reflected in their listings. Definitely can improve your photos and descriptions for better ROI. You have to be mindful about putting quantity over quality.
Fake sales equals REAL MONEY!!!!! 😂😊😅
Lol
I worked a 40 hour week and sold at the flea market on the weekends 😊😊
It's very rare that I will spend $50 to only make $50 "profit"... But if it's like your Starbucks sign, yes maybe, like it better be unbreakable and I know I have at least 2 guaranteed buyers in mind... otherwise it's a pass... I'll find something else without a doubt.
no doubt
Rotten food eBay scammer Man how many episodes have I missed I've got to go back and watch all your videos I'm way behind sorry man hopefully I can catch up it's been a rough couple months😢
Lol. For sure
Good morning Kevin
Rotten food guy is lucky that BRM didn't open that return. That would have meant war
10% won’t sell- many were free item
What do you call a cow with no legs? Ground Beef
I feel 75% of my stuff is not selling 😢
What are you sourcing?
@@crystallaner230 a little bit of everything lately some of the stuff that I posted year ago is selling it’s weird look yourself
CARSU696
JK: What goes up and never comes down?
What about the time it takes to thrift items? I'm not sure how to calculate that.
I have way too much long tail stuff. It sells eventually for about what I would like. Over time I have gotten better at sourcing. I’ve doubled my sales from this time last year but I wasn’t full time then. I am looking for work though because it’s not enough consistently for me but it’s been enough that I can job hunt without starving. If one of my channels would take off that would help but 16 years 8 channels and 10k+ videos that doesn’t seem likely. I’m not great for family friendly but here’s one that I thought up a while back that I think fits. Does heavy snow have body image issues?
Here's one: What’s E.T. short for?
He’s got little legs.
Where are good places to find decent items in bulk? Any advice appreciated 😊
I agee…it’s all about the actual money made.
I just u cleaning out the shed???
💚
Kevin - I love what you do. You are honest and I love your family (and pets). I am thinking about reselling - can you let me know where to start with Ebay? Thank you
Just list something
Honestly if you have to ask basic questions you aren't ready
@@crystallaner230 - thank you for opinion but I have questions about ebay 0 and there is no one to answer.
Your question is too broad. It’s a bit like asking “how do I get started with building a house?” There will be videos on TH-cam showing the basics, but you also might be better off asking more specific questions.
Kevin Home Alone
Lol
I think your math skills are very good compared to Dave’s. He “makes” $25 on an item he paid a dollar for. Then he says it’s free shipping then add on eBay fees which really comes out to about $2 profit.
👍
20 an hour easily
❤
I'm happy to make $20 net profit on an item that sells quick. The focus on "5xing" is dumb. I can make 75k a year $7 at a time. Who cares what the multiple produces?
People who value their time, that's who. At $7 you'd have to sell 30 items a day to make that, which means you'd have to list at least 30 per day, and more realistically 60 a day just to keep up.
@@WellnessWizdom Like I said above.a focus on gross margin means slower turn. I like quick nickels over slow quarters. To each their own.
🙂👍
I Kevin 😊😊
I'm first,
"#2 Enema man", HA HA! Get it #2. That's my joke. Well Kevin's Joke but you know what I mean. 🤣