@22:00. I’m not afraid to buy inventory…. I still have a ton of inventory and the best strategic move for me now is to limit cash outflow and try to sell the inventory I have. My sales suck bad, and it’s not going to get better anytime soon. Now I do agree with Scott, that I would be buying inventory if I had a ton of cash. But that is only if you can sit on that inventory for a long time and you don’t need immediate money to pay bills. So it totally depends on your situation. Cash flow is king in reselling, I don’t think that is talked about enough TBH.
My attitude towards online selling is to act just the same as if i had a store on main street. Good, timely communication, i try to do my photos as it was me standing in store holding item in my hand looking it order. It's business. Don't take it personal. I'm an anything seller, i don't expect to have many repeat customers, but i try to provide the experience, as if they were a big customer. Same whether an inexpensive, low profit or high end. Buying at good price and managing cost of shipping materials & such is what helps bottom line. Customer service and the principal of Do unto others.
Thank you for a great video. I believe that regulations are inevitable in a business which has shareholders and Boards watching over every action. We, as sellers, should take the responsibility to do the best we can to sell only safe and authentic items. If you have a doubt, don’t sell it.
Adding to what Beard said about sellers being mad at buyers for opening returns. It goes the other way as well. There are ALOT of bad buyers and scammers out there who would probably never act like they act IN PERSON in a store. But because their identity is hidden online it easy to be abusive to sellers as well.
I recently made a tik tok video that talked just about that how there are so many sellers now selling courses, selling merch and how the community changed. The amount of hate i received from that post was astonishing
I agree with Scott, that this world has changed so much. How we treat one another is everything! I am also finding that people are showing hate for Californians, and it's our government that is causing the problem, not us that "DID NOT" vote for them. Sometimes I hear TH-camrs lash out about West Coast people assuming that we are all the same and that can't be further from the truth. The judgement is hurtful, but I get it. That's been bothering me a lot, so it's good to get it out. Thanks to all those who do not judge us personally here on the west coast. We work hard to make a living here, too. Thank you for visiting California, Josh, and thank you for the podcast guys! I feel at home in this group.
So many people in the USA have zero concept of what california is like. It's like some elusive boogeyman to them. They fail to understand how rural most of it is (which is hilarious when people from the Midwest fail to miss that many parts kf california are even more remote than where they life)
A narrative is like a room on whose walls a number of false doors have been painted, while within the narrative, we have many apparent choices of exit, but when the author leads us to one particular door, we know it is the right one because it opens- Quote
I've been a hobbyist seller on eBay for close to 20 years. Every so often I watch "guru" content just to have something playing in the background. If you approach it as newbie re-sellers paying for someone to hold their hand, it takes some of the edge off. The content has zero value to an experienced seller. None. When someone in Florida goes to a flea market in January and comes back with a car full of clothes, that has no value to a re-seller in Nebraska where those flea markets don't exist and those clothes aren't being donated. As an aside, there is enormous deflation taking place in the art and furniture markets right now. Especially within Canada where items are trapped by outrageous shipping rates.
Regulations UGH! So many items to sell I have that Ebay does not allow already and Josh is saying it's going to get worse. Example - US Military MREs Meals Ready to Eat. Ebay does not allow sales of them because of the chemical food heating packet enclosed. Example - Sold a military knife to someone in Ireland. Ebay refunded the buyer and allowed me to keep the money but the knife was confiscated. I wonder where it is now? Example - Many cannot afford CPAP machines for their health and I have had opportunities to purchase them at many estate and garage sales. Too bad I cannot help a needy person as Ebay does not allow sales because they come with a prescription required. Example - It's OK for an estate sale company, or garage sale, or auction house to sell a Corning coffee pot, but not allowed on Ebay because they are recalled.
Yes Josh... I was one of those late nighters that caught your live... there are many who listen while we work... I don't listen to many ebay anymore because after 7 years it's a lot I already know... so the learning part I don't need unless something changed OR I need a kick in the butt with a get going lol... but other communities also have drama... some are insane drama too!! Like watching a bad reality show on steroids!! 😮 ebay drama is 1% of those like True Crime! So yes jump on live anytime and we're around and happy to listen and or chat...
I appreciate being able to comment on Jon's and Josh's live chats unfortunately I am blocked on the beards conspiracy channel. Watching a live chat that you are excluded from isn't worth my time. So I guess I should thank Scott for the wake up call not to waste my time.
@@ProfitPlaybookPodcast I take full responsibility for anything I type. Sometimes my meaning doesn't come thru in the typing and I may have offended someone. I am a big boy I can handle it. Thanks for your kind words.
John, I have a storage for shipping supplies, 7 year tax returns and more. I like all my inventory at home for easy order filling. May you could start looking for small things to add to your stock.
Govt regulates almost everything and yes we will be paying extra $$$ to stay certified each year. As well as a day worth of no pay to take these certification classes. You all will be the teachers. Lord help us😅
@@Watchingitnow-b2r I think one of the issues is that eBay bought the card seller COMC which sells on the eBay platform. A lot of card sellers are saying that their traffic numbers are down and COMCs traffic numbers are up after eBay bought them. I don’t know enough about the market, but VAR did a few articles on it.
Yeah, there were several big groups before DR and many in other fields of interest. It is not a proprietary product that can be stolen. Look at the self motivation arena and all the paid content.
I guess the same could be said of Daily Refinement stealing the idea from the Green Room. Very little originality out there. What separates them all is execution and Tech has obviously executed on his business better than the rest. Hes not in it to make friends but to make money, he is clear in that. Not sure why other entrepeneurs are so salty over his success. It's business, not an experiment on your feelings.
Thank you for a great video. I believe that regulations are inevitable in a business which has shareholders and Boards watching over every action. We, as sellers, should take the responsibility to do the best we can to sell only safe and authentic items. If you have a doubt, don’t sell it.
![เป็นไปได้ไหม - WanMai [Performance Video]](http://i.ytimg.com/vi/Eh5hItD4Mr0/mqdefault.jpg)
4:00 I don’t know luxury watches and I ended up buying a fake one. 😅
I had to make a video about it just to try and earn the money back.
@22:00. I’m not afraid to buy inventory…. I still have a ton of inventory and the best strategic move for me now is to limit cash outflow and try to sell the inventory I have. My sales suck bad, and it’s not going to get better anytime soon.
Now I do agree with Scott, that I would be buying inventory if I had a ton of cash. But that is only if you can sit on that inventory for a long time and you don’t need immediate money to pay bills. So it totally depends on your situation. Cash flow is king in reselling, I don’t think that is talked about enough TBH.
Your sales will get better if you have better inventory. It'd as simple as that. Getting better inventory is the hard part.
Good episode.
My attitude towards online selling is to act just the same as if i had a store on main street. Good, timely communication, i try to do my photos as it was me standing in store holding item in my hand looking it order. It's business. Don't take it personal. I'm an anything seller, i don't expect to have many repeat customers, but i try to provide the experience, as if they were a big customer. Same whether an inexpensive, low profit or high end. Buying at good price and managing cost of shipping materials & such is what helps bottom line. Customer service and the principal of Do unto others.
Thank you for a great video. I believe that regulations are inevitable in a business which has shareholders and Boards watching over every action. We, as sellers, should take the responsibility to do the best we can to sell only safe and authentic items. If you have a doubt, don’t sell it.
this is the most useful thoughtful reseller podcast on TH-cam.
I’ve started watching you guys now that I am starting eBay over as my almost fulltime gig! My life after Amazon.
Adding to what Beard said about sellers being mad at buyers for opening returns. It goes the other way as well. There are ALOT of bad buyers and scammers out there who would probably never act like they act IN PERSON in a store. But because their identity is hidden online it easy to be abusive to sellers as well.
Some of the worse treatment Ive seen on eBay feedback are buyers going at sellers both barrels, very vile and nasty. It goes both ways.
I recently made a tik tok video that talked just about that how there are so many sellers now selling courses, selling merch and how the community changed. The amount of hate i received from that post was astonishing
I agree with Scott, that this world has changed so much. How we treat one another is everything! I am also finding that people are showing hate for Californians, and it's our government that is causing the problem, not us that "DID NOT" vote for them. Sometimes I hear TH-camrs lash out about West Coast people assuming that we are all the same and that can't be further from the truth. The judgement is hurtful, but I get it. That's been bothering me a lot, so it's good to get it out. Thanks to all those who do not judge us personally here on the west coast. We work hard to make a living here, too. Thank you for visiting California, Josh, and thank you for the podcast guys! I feel at home in this group.
So many people in the USA have zero concept of what california is like. It's like some elusive boogeyman to them. They fail to understand how rural most of it is (which is hilarious when people from the Midwest fail to miss that many parts kf california are even more remote than where they life)
A narrative is like a room on whose walls a number of false doors have been painted, while within the narrative, we have many apparent choices of exit, but when the author leads us to one particular door, we know it is the right one because it opens- Quote
💯
I've been a hobbyist seller on eBay for close to 20 years. Every so often I watch "guru" content just to have something playing in the background. If you approach it as newbie re-sellers paying for someone to hold their hand, it takes some of the edge off. The content has zero value to an experienced seller. None. When someone in Florida goes to a flea market in January and comes back with a car full of clothes, that has no value to a re-seller in Nebraska where those flea markets don't exist and those clothes aren't being donated. As an aside, there is enormous deflation taking place in the art and furniture markets right now. Especially within Canada where items are trapped by outrageous shipping rates.
🤘Great video
Thanks!
This is by far my favourite Podcast to tune into. The info and converstions are so true and honest.
Regulations UGH! So many items to sell I have that Ebay does not allow already and Josh is saying it's going to get worse.
Example - US Military MREs Meals Ready to Eat. Ebay does not allow sales of them because of the chemical food heating packet enclosed.
Example - Sold a military knife to someone in Ireland. Ebay refunded the buyer and allowed me to keep the money but the knife was confiscated. I wonder where it is now?
Example - Many cannot afford CPAP machines for their health and I have had opportunities to purchase them at many estate and garage sales. Too bad I cannot help a needy person as Ebay does not allow sales because they come with a prescription required.
Example - It's OK for an estate sale company, or garage sale, or auction house to sell a Corning coffee pot, but not allowed on Ebay because they are recalled.
I love how Bearded has such practical good knowledge and advice. Also, I think Primo might be more insane than Bearded😂! Great show!
😂
I have a goal to strive towards!😊
@@BeardedPicker 😂🤣
Can't even sell used books on Amazon. Half of titles are gated.
Yes Josh... I was one of those late nighters that caught your live... there are many who listen while we work... I don't listen to many ebay anymore because after 7 years it's a lot I already know... so the learning part I don't need unless something changed OR I need a kick in the butt with a get going lol... but other communities also have drama... some are insane drama too!! Like watching a bad reality show on steroids!! 😮 ebay drama is 1% of those like True Crime! So yes jump on live anytime and we're around and happy to listen and or chat...
This online selling gig is a grind!
I appreciate being able to comment on Jon's and Josh's live chats unfortunately I am blocked on the beards conspiracy channel. Watching a live chat that you are excluded from isn't worth my time. So I guess I should thank Scott for the wake up call not to waste my time.
I’m not sure what happened there. You have always been an excellent contributor to the conversation. I appreciate that you are here.
@@ProfitPlaybookPodcast I take full responsibility for anything I type. Sometimes my meaning doesn't come thru in the typing and I may have offended someone. I am a big boy I can handle it. Thanks for your kind words.
Should not be. I will fix it John
John, I have a storage for shipping supplies, 7 year tax returns and more. I like all my inventory at home for easy order filling. May you could start looking for small things to add to your stock.
I’m always looking but smalls are harder to get at the price point I’m selling at than the big stuff.
Beard plays for both teams. The Flat Earth Pessimist and The Moon Landing Optimist!!
All of the knock off products being sold on social media and other platforms has saturated our market
Govt regulates almost everything and yes we will be paying extra $$$ to stay certified each year. As well as a day worth of no pay to take these certification classes. You all will be the teachers. Lord help us😅
Good chat today guys.
I may still want a refund though lol
Check is in the mail, but please wait until after 6pm on Friday to cash it.
Burbank ebay store seems to be still there
It will take them awhile to move everything over for sure. I think they said they have 40,000,000 cards in their inventory
@@TheJoshGalt if they do end up leaving then it might be a good niche to possibly consider getting into?
@@Watchingitnow-b2r I think one of the issues is that eBay bought the card seller COMC which sells on the eBay platform. A lot of card sellers are saying that their traffic numbers are down and COMCs traffic numbers are up after eBay bought them. I don’t know enough about the market, but VAR did a few articles on it.
Thank you!❤
oOOO trainwrecks..
Lets not forget Tech completely stole Daily Refinements Patreon Business Model and ran away with all his subscribers.
Looks like we found the burner account... Thanks for watching.
@@praetorian5499 Thats exactly what happened. I was there inside of the group and thats exactly how it went down....
Yeah, there were several big groups before DR and many in other fields of interest. It is not a proprietary product that can be stolen. Look at the self motivation arena and all the paid content.
@@BeardedPicker I agree. stolen might not be the right word but its close enough.
I guess the same could be said of Daily Refinement stealing the idea from the Green Room.
Very little originality out there. What separates them all is execution and Tech has obviously executed on his business better than the rest. Hes not in it to make friends but to make money, he is clear in that. Not sure why other entrepeneurs are so salty over his success. It's business, not an experiment on your feelings.
I am always fired up with exactly the same thoughts as @beardedpicker 100%
Thank you for a great video. I believe that regulations are inevitable in a business which has shareholders and Boards watching over every action. We, as sellers, should take the responsibility to do the best we can to sell only safe and authentic items. If you have a doubt, don’t sell it.