eBay Pro Tips: 10 Actions I Skip to Maximize Profits
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- เผยแพร่เมื่อ 28 ก.ย. 2024
- eBay Pro Tips: 10 Actions I Skip to Maximize Profits.
Are you an eBay seller looking to boost your profits? Watch this video to learn the 10 actions I skip to achieve eBay success. Implement these tips to see a significant increase in your earnings..
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DISCOUNT CODE: GSP15 All Caps for the discount
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SCOUTIQ LINK FOR BOOK SCANNING scoutiq.co/?ref...
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STUFF I USE BELOW
TARHEALL TALLOW Blams and Whips tarhealtallow....
USE GSP10 to get 10 percent off you order. I recieve no commision.
ATOMIC HABITS BOOK amzn.to/3DE0Z14
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Gopro Hero 9 amzn.to/3zzEasO
Record Shipping Boxes amzn.to/2V4g7TL
36 rolls of shipping tape amzn.to/3gPZmnb
Bubble Wrap 750 feet best deal amzn.to/3DxrwNj
Excell tape dispenser amzn.to/3IiLIG1
120 4X8 Bubble mailers amzn.to/2WLJdIl
Nadamoo Handheld Scanner amzn.to/3mRrxWC
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Thank you so much, so helpful!
great videos great info
Thank you Mike. Seeing fellow pickers leaving garage sales/estate sales with hundreds if not several thousands of merchandise can be depressing and trigger the I "HAVE" to find something to buy gene. Getting comfortable walking away empty handed is a huge part of the battle when it comes to accidentally building a worthless death pile. Tough lesson to learn.
Blessings,
K.T.
Thanks for the comment. Perfectly said. Thanks for watching
I have been doing this a lot lately and I actually feel good when it happens.
I love your videos. As a hopeful early retiree, your content is so relatable and gives me a lot of hope. There are some eBay resellers who have been pretty negative lately and as a reseller hoping to use eBay as my main retirement income source, that concerns me, so your positivity is so encouraging! Thank you! One question… does it just take time to become a full time seller? As in, having enough in sales to be able to use it as a full time income? I’ve been reselling part time for about 7 months and working really hard at it but still only selling 5-10 things a week.
You really have to have good sourcing skills. Networking and find people who will sell you stuff in bulk, and others who will point in the right direction. It all depends on yourself. I did it in 1.5 years. Now I don't have really any debt. So, that makes a huge difference. It can be done, but will take patience and some time. Best to you.
What?! Did i hear you say you shipped “two turn tables and a microphone?!” 😂
Great video! Thanks for posting! I'm a SoCal guy, kinda new to eBay. Made me think about some things.
...also, I drive a 1974 Bug that looks like the one on your desk (no surfboards and no whitewalls).
Ever notice how there aren't many older VW's on the road in CAL. Used to see them all the time. Thanks for watching.
Great video! When you say no returns but you assure return is still possible if broken etc. is that assurance in your listing somewhere. Most helpful please do more on shipping. Still do caps same way? Like wrapping for the dash radio. Thanks!!
Most people should know that broken is returnable. When someone emails me I tell them its there for buyers remorse and that they can return if broken etc.
Great info & video. Can’t wait for your shipping video.
When you said you "shipped two turn tables" I was sooo hoping the next thing you said was "and a microphone" 🤣🤣
eBay keeps trying to get me to promote, but their 'suggested' promotion level is always 9.5- 15.4%.... NOPE, no thank you.
I do 2.6 % on every item
@@pattimarcq37 Does it seem to help?
It’s helping me. Set mine at 5%.
Perfect timing Mike, I just cracked opened a cold one, and received notification of this video. I had to go back to calculated shipping due to the fact I was losing money. Sales did decline, but ebay for me is just for some extra money. I became a Top Rated Plus Seller, so I have one day handling time, and free 30 returns, so far I have been lucky. Great info! "Don't buy just to buy" Love It!
Thank you so much for the comment. It shows that we all do things differently and lets everyone know what we do. Thanks again.
I do calculated and same..Top rated Plus...I have only been off a few times....but...def have had a few scammers...I think we all have...I watch a lot of video for research..and it looks like many people have had a decline in sales...Mine have picked back up somewhat...but like you...I'm okay with that.
I don't do free returns on Ebay either.... I don't sell "junk" or damaged goods if there are flaws I describe them and use photos as well. I don't want the head ache or extra expense.... time wise or financially of returns.
Same way here. Thanks for watching.
Mike, you give me hope. I need all the advice I can get.. This has not been a great year for me on Ebay. I have no desire to do Whatnot. I have to make Ebay work. So, thank you for this type of content. Great Job
Just keep plugging along. Everything we do affects our eBay. So, make the best of everything. All the best to you.
Yes, 'don't buy when you don't need it'! I have been on a moreitoruium on spending due to the increase of food prices and etc. and the Stash I do have....you are so so so clear. Thanks. God Bless, Sherry :)
Thanks Sherry for watching. All the best to you.
Really appreciate your taking the time to teach us
Thanks again for watching.
I buy a roll of butchers paper at Sams club to use as filler in addition to bubble wrap and air pillows. It all depends the item I'm Shipping. ❤❤❤
Love the butcher wrap. I have a supply of newspaper that works nicely
I appreciate you man. Love your love for San Jose . I grew up between The Pink Elephant and Pal Stadium and the Thunderbird Golf Course. King & Virginia Pl. Hope to run in to you one day thrifting. Keep it up my brother.
As a kid I played the old Thunderbird golf course. MEMORIES! Say hi if you every see me. Thanks again for watching.
I look forward to your shipping video.
I buy everything bc I sell on the flea markets and Ebay and I sell in Mexico I have to have a lot of inventory.
Ebay makes you accept the return mandatory I don't like the returns but is mandatory by Ebay.
I think calculated shipping hurts sales, it seems like it is charging the buyer significantly more than they need to be charged. I mostly sell clothes and they cost $7.60 or $7.90 to ship and I charge $9 or $9.50 but calculated shipping would charge the buyer like $11 to $15 and then they don't buy it. I've also experimented with free shipping by listing two identical items with the exact same net cost to the buyer, and the one with buyer paying shipping got twice the views the sold way faster than the free shipping.
Thanks for the comment. Appreciate you watching.
Great Top 10 Mike!! Good stuff!!
Thank you
Wow, this came at a good time. I retired early very recently and am just starting out.
I lost money on about everything I sold due to not understanding the shipping. Love a video.
I'm finally planning one.
I have a death pile bc I have collectors disease. Lol. I do try to list almost everything I buy immediately and that’s great advice. After doing this for almost 20 years my death pile is tying up a staggering amount. I’m slowly picking at it. After listening to Mike I’m going to hit it a little harder.
Thanks for the comment. Appreciate you watching.
I also have the collector's disease, lol!!!
Free Shipping is not good. You have to pad the price which the customer is charged tax on. They are not charged taxes on the paid shipping..Also if you get a return you are out whatever it cost you to ship.
They tax your shipping in almost every state. Better look at that.
Did anyone else notice what ebay is not doing in the Performane tab?
Ebay is not deducting the FedEx and UPS shipping expense again. Only USPS.
At a quick glance it is showing an inflated bottom line.
Scroll down the summary page and you will see the actual numbers.
A few months ago ebay did this for a month. It messed up the numbers for two full months before it completely reversed itself.
I believe this is done by design to purposely mislead sellers. Mostly newer sellers and those discouraged with poor sales. At a quick glance, they receive a more optimistic, but false, snapshot of their profitability.
For me, this makes the quick glance tab mostly useless.
The remaining information below, looks pretty accurate.
Thanks for the comment. And as always thanks for watching.
Taking notes very good information. A few tweaks in I’ll see a boost in sales. Thanks
All the best.
Great advice, Mike! Completely agree with you on shipping & not offering "buyer remorse" returns! Thanks for the video.
If the customer WANTS the product, no matter the shipping cost, they will buy it.
Great advice
I live in Florida and do calculated shipping. I am on year 3 and cant wait until i can judge my shipping. That was a great video! Im retired and sell part time and love it!
Thanks for watching. Thanks for telling me you do calculated shipping.
Good Info Mike!
Thanks, waiting for your next interesting videos.
Thanks for watching. Appreciate it.
I am with you on 8 out of 10.
I do accept 30 day returns. I don't get many buyer returns, so no biggie here.
It blows my mind seeing the Amazon returns at UPS.
I do Promote. Apparently, my category needs some promoting. Without it, my sales tank. This is probably due to my getting top dollar for an item along with hefty shipping charged on top. Most sellers in my category often give their items away with free shipping.
Appearing near the top of a heavily populated field is a must.
I will add some of my don't do things.
1. I don't do best offer.
Buy it now only.
2. I don't take fancy pictures. Mostly just on the floor or on my concrete driveway.
White? What is white?
3. I don't use many specifics. As Joe Friday said, "just the facts"
4. I don't use bubble wrap. I have a better system to fill boxes and protect fragile items.
5. I don't waste time going to thrift stores or garage sales. I have 4 main suppliers that have more than enough merchandise arriving every day. I usually make two 4 hour trips per week on a rotating basis. I am in their top tier of customers and they appreciate my business. I sometimes receive special discounts and freebies.
The bottom line is every reseller has a unique set of circumstances. Our business models have a lot in common but there are still other variations to take into consideration.
I always enjoy your common sense approach to reselling.
Okay, you stumped me. What do you use other than bubble wrap? Just curious...
@@crystalcole888
For the majority of items I sell, I need to suspend them within sometimes awkward configurations.
Bubble wrap could work but the amount needed and time and cost to achieve a good fit, places it down my list.
It tried packing peanuts which worked but too much of a mess. Cut up pooll noodles works but time factor isn't ideal. Pooll noodles still have some specialized uses.
What gives me an almost 100% success rate is crumpled up, heavy duty paper. It can be shaped to fit all voids inside the package. For me it makes the perfect cushion.
Before you ask about weight. The label cost for very large packages is based more on dimensions rather than weight. (DIM)
I buy it in large rolls at Lowes or Home Depot. It is used mostly by painters when masking large areas like windows or doors.
This concept came to me thinking back many years ago when newspapers were abundant and piles of old ones stacked up. Crumpled up newspapers were the "gold standard" for cushioning breakable items. And free for the taking.
The price for the rolls I used has gone up with the recent inflation but it still works great for me.
By the way, this is how FedEx does it also.
Thanks for asking.
I do like that craft paper. I also just use plain newspaper as filler. The craft paper that has some weight is really nice. Yes, it's mostly cubics that are more the cost than the weight. Thanks for the comment.
Wonderful video. What a great community. We are all different most selling different items. I have had one day shipping for a couple years no issues. Haven’t done an auction in a couple of years. Guilty of having a large inventory (never call mine a death pile). Also offer free returns and it has greatly worked to my advantage, with no increase in returns.
Thanks for the comment. It helps us all. Appreciate you watching my channel.
Your backdrop looks great here! Good words. I'm beginning to get shipping down well enough i csn it it pretty good with flat rate.
I have returns. In my experience most buyers wont return something unless there's a problem. Especially if they have to pay for the shipping.
Have a great night!
FYI - you won't earn the, "Top Seller" status if your don't offer 1 day handling time on all items posted.
Exactly why I don't do that. To me it's a sucker play.
@@goldenstatepicker agreed. It seems like a set-up!
Thanks for the info. I'm trying not to fall in to the buy to buy trap!
It's a hard one to try and not fall into. Thanks for watching
How many items are in your store?
1600
Hello Mike. I am from San Jose too and thrift at some of the same places you do. I retired from Santa clara County and now sell online first, just as a hobby but now I would like to ramp up and sell as a legitimate business. I sell on EBAY and PoshMark and sell a variety of different things. I have already made a big mistake when I promoted a $500.00 item and didn't pay attention to the amount I promoted it at. The item sold and EBAY charged me $60.00 for the promotion fee. Lesson learned. So, I am enjoying all your videos and hope to follow your advice and improve my sales. I learned how to pack and ship golf clubs from you. Also, I will be on the look out for bibles, which is one ittem you mentioned in one of your videos. Thanks for your great videos
Wow thanks for watching. If you ever run into me say...hello.
Great video Mike. Like seeing you in the shed too! Your advice has helped my reselling business. I’m working on my death pile because I do not want one. Striving to get same day listings after sourcing. If items are taking up space in my house, I want them to potentially make me money. Can’t do that if they’re not listed. I also think FOMO drives people to buy just to buy. I have learned there will always be deals out there. If I don’t source this week, there will still be great deals out there next week, next month and next year.
Perfect advise. Like when we go on vacation....enjoy it and remember the deals will always be out there.
Hey Mike, a question.
It has been a week I got no sales, and my listings doesn’t appear when I search them in other accounts?
Any ideas?
How many listing do you have? Curious to know.
@@goldenstatepicker 250 listing. Have been selling 1-2 items daily for the last month but it has been a week nothing is happening
@@sudaisjabarkhil7440fill it in with some more desirable items maybe the rest are just fillers and you've already sold your best items
I'm doing a free shipping version and another paid flat price, which is cheaper than free shipping. Something wrong on it?
I would think your following here....Would help your sales also....I would hope so anyway..(Do people tell you they are buying from watching your videos??). .I wouldn't promote either if i had 24k followers.
I can tell you that I really do not get many youtube buyers. I have a few sales here and there but really not much.
@@goldenstatepicker SERIOUSLY?? Wow...I know the Crazy Lamp Lady and Niche Lady do...If I was the ON CAMERA PERSONALITY type...(Im more one on one REALTOR MODE)..I would if I wanted to go full-time...I'm selling enough for me..and my average sale price is 50.00 something...not to shabby for 2 1/2 years...
Not good advice - use calculated shipping - you have to cover supplies and eBay fees on shipping
Are you crazy? You haven't watched my video. Calculated you are stuck with the amount only to each area. I MAKE MONEY on my shipping. I have never used CALCULATED SHIPPING ONCE! Most major pickers will tell you they don't either. I have it down to a science. Every day I MAKE MONEY OFF MY SHIPPING. That is called taking into account all supplies and my time. Who wants to pre-measure and weigh each item to only realize they are off when they sold it.
I make quite a bit of extra $$ using calculated shipping. Takes me literally 30 seconds to put the item on the scale and measure what size box, bubble wrap and paper would be needed. Most of the “major” TH-cam resellers use calculated shipping…whom exactly are you talking about that doesn’t (not including those that do free shipping)?? Not to say that you are totally incorrect, but saying that calculated shipping is wrong is just incorrect info. Jmo. Thanks for the video!!
@@goldenstatepicker I have been selling on eBay for over 17 years not difficult to put an item on a scale to weigh it only takes a minute if you have been doing this for a long time only takes 30 seconds to measure - therefore quickly get accurate info - how do you make money off shipping unless you are accurate - in my opinion and just my opinion you are giving poor TH-cam info to inexperienced viewers
Hey Mike, Great Stuff Again! Agreed with Everything but I Have to do Calculated Shipping on most of my small Items. Large Orders especially Golf Clubs, UPS Ground Using Our eBay Shipping Discounts. NW-Hill-Picker...
I have to admit the reason I clicked on this video besides being interested in this type of content was the Grateful Dead bus. Are you a Deadhead or do you just have that for fun? Nothing is cool.
I like classic rock and roll. Being from the Bay Area the Dead was always a part of my musical journey. Thanks for watching
Yes please, would like to see your shipping methods.
I really stick to don't buy just to buy. I made the newbie mistakes, but not anymore. Another thing you were talking about is the two guys on your shoulders buy and don't buy. If you have been reselling for awhile and you get a gut feeling about don't buy, then you probably shouldn't. Experience is telling you it isn't a good thing to buy that item.
here in texas, can't complain here about shipping, I get plenty of feedback complimenting my speedy delivery times.
It's the sweet spot of shipping on Ebay.
Me too. I don't get many complaints about calculated shipping.
@@bunchielove6893 same here, I charge shipping on my entire store.
👍
I offer free returns for the same reason you give. They can return it anyway for free. I believe it gives buyers a little confidence. My return rate is almost zero. Now like you touched on, clothing and similar items a no return policy could reduce returns as those who buy will hopefully ask questions that could prevent a return before they buy. But, I might be giving buyers too much credit! Lol
The last tip is definitely the best one! I've been guilty of just "buying for the sake of buying", especially if I can't find anything decent that day. But if it doesn't meet my criteria, or I'm feeling doubtful, I'm learning to be tougher and put it back on the shelf. 😊
I think it is the hardest thing to do. Takes discipline.
Thank you for this video, it answered a lot of questions I had as a new flipper. Looking forward to your shipping video!
Thanks for watching. Glad you got some info from my video.
Thanks again☺️
Yep Mike, I live outside of Chicago and I do make money on shipping, (most of the time). It is an advantage. I would rather have your advantage in sourcing in your area. It is tough sourcing out here.
Yeah, I do have a big advantage with my sourcing. So, thanks for the comment and watching my channel.
I only set free when I’m listing commodity type items. Fortunately, most of my listings are the type Mike sells and are more rare with little competition so I can charge shipping with no push back.
Mike is 100% correct in you get out what you put in. As long as you’re priced right!
Pricing is a big key.
I am going to try the flat rate shipping. I live in central Indiana and have always done calc shipping but your shipping points make sense so I will try it out. Also, I might have missed it, but do you do OBO on all your items? Thanks Mike!
I do OBO on all ads. If you do shipping right you will make money being in Indiana. Don't give your shipping away.
100% I am with you on the shipping. I always want to make $$ on shipping, and I usually always do. 👍👍
Thanks for watching. Glad you are also thinking like me on shipping.
Shipping is really "shipping and handling". Buyers seem like they've never shipped anything in their life. Haha, they must think it's a free government service or something! They have exceedingly unrealistic price and transit time expectations.
You didn’t mention if you sell internationally. What are your thoughts on it and the new international shipping policy? Another informative video Mike!
I do sell internationally. New rules make it easier.
Too much adds
That's TH-cam not me. I don't control how they pop up.
I agree with you on NO RETURNS.
I enjoy your videos, always. But especially liked this one. Thanks!
Thanks for watching appreciate it.
Such wise decisions … thanks for the tips.
Thanks for watching.