Great concept, …..put you did forget something in your time management part of the whiteboard. I see an hour a day for store work, 5 hours a day sourcing. That’s 42 hours a week, right? Not bad for $70k + profit per year, heck I’d do that in a heartbeat. But what about time to process your items? Does that fall under your 6 min reset to zero, or does that fall under sourcing? I know shoes take time to clean, clothing takes time to wash, dry, and lay flat. Hard goods can eat up allot of time cleaning, testing, etc. Realistically your 42 hrs per week is going to be 60-65hrs per week maybe even 80. Which still isn’t bad for the money. Put let’s not forget your going to pay more in taxes being self employed, your also responsible for your own health insurance, etc. I think you need to paint a more realistic picture. What you do is great but not always thought out. Hope you don’t take this the wrong way I’m a fan, just trying to be a realist too.
We’re doing a part-time husband and wife model and we love it. Both work full time 45-50 hours each and have the big corporate benefits pension etc. We garage sale roughly 7-10am on Saturdays pickup anywhere from 50-200 items(big community garage sales are crazy good). She does photography loads up 20-30 in the queue and I list as I can trying to do 5-10 daily up to 20 occasionally. She does USPS dropoffs on the way to work 5 days a week. We are just starting and of course the biggest challenge with work and three children is all the extracurricular activities and consistency. I do think we can hit 250-300k a year gross if I can put in a solid year of daily listing and not burn out. The key is keeping it fun as a side hustle for me.
I just cleaned out my garage this weekend (formerly just shipping station/storage) now I can photograph in the same space. I will no longer need to bring sourced items physically into my home, they will go straight into the garage, to clean, process, and inventory. I saw the complete waste of time having to move lights, etc from room to room, I thought I can do this much smarter. Feels like a huge personal high five!
I do this part time and I'm going on year 4. I may not do the 10 item model, but I do a 5 item model. But while it's less items, I'm selling for a higher profit. I average around 33 per item. It's taken some patience to get here, and I was at 4 items selling per day for a while, but I'm nearing a solid 5 per day now. That comes out to an additional 60k of income, before my full time job. I'm pretty excited for that and I'm now looking to see if I can get to 6 items per day at the same profit.
Love this Chris, my goal is 15 per day it takes me about 2 hours to do them. I’m struggling with sales i fixed a ton of titles and change prices thanks to the group and my accountability partner Dan. I’m doing about 4-6 on eBay & Poshmark. I have to get on that zip code lead calls
I can confirm this set up is well done as I saw it first hand earlier this week. Time to implement some changes and copy this method in order to increase profits.
Been reselling on ebay daily since 2001. That being said…. here we are in year 2023. All levels of thrifting / reselling / platforms are totally saturated. Just because one Seller can sell a certain item at a decent profit does not mean everyone can. My advice would be to find a solid part time or full time job that you don’t mind going to and flip items online part-time. But do it consistently (daily). I have massive burnout from doing this for so many years. Finding great stuff never gets old, but the cleaning/prepping/picturing/listing//storing items/shipping, does get old. Hence why you keep hearing about people with death piles of unlisted items. And through trial and error over the years, I have had thousands of items not sell.
Agree good sourcing, consistency, organization and time management are key to a profitable resell business but I’m skeptical about spending only 41 mins a day to research, photo, list and ship for 10 items. The only way this works is if you buy multiples or are a niche reseller and even then 41 mins seems quite low and unrealistic.
I live in the boonies and only 1 good will within 20 miles. But I do enjoy pallet liquidation. I am able to get amazon clothes pallets which have 200+ of new items some cheap some not so cheap. Also high piece counts which have 400+ items. Would these be viable for ebay sales?
I just had a peak at your poshmark. You mean to tell me someone will actually buy that first pair of worn out runners for $15. There's nothing left to the tread. I always pass on those, not to mention up here in Canada, they'd still sell at a thrift store for $7. Our thrift stores are basically charging full retail prices up here.
How do you price items? I find checking comps to be the longest part of listing for me right now. I’ve been following you and adapting your principles and systems to fit my business.
With Goodwill cherry picking profitable items out of shelves, not sure how you can consistently find $20 profit items that costs $8, and hit those goals daily. You either will have to spend more time, or depending on where you live grass could be greener. But, love your storage organization, it's very neat and inspiring!
I just use quickbooks and it pulls most of my transactiona from my online banking so its pretty easy but there are plenty of options out there you can use a plain spreadsheet aswell
Hi Chris, after watching you for a good while now. Your vids are very good, but I have to point out a few things. Please take it as constructive criticism. Although you mention briefly about cleaning your shoes as an example. when you are telling everyone the perfect hour work routine then you can spend the rest of the time sourcing, where is the time in your day considered for the cleaning and prepping? They don't clean and prep themselves, and they are not quick to clean shoes. You say you spend only 1 hour in there, and the rest of the time sourcing. So again your saying 80% of your time can be spent sourcing, so, where is the time to steam, wash, prep items that need cleaning? Its dismissed by you, you probably have staff doing it for you? I run my own warehouse space and I don't understand the explaining without factoring all these other things in. I understand your process, I understand your points, I understand your highlights. But you cant dismiss the prep time from a working day. You can say dont source stuff that needs cleaning then, but then you go on to briefly state you prep your shoes, but dont mention the time it CAN TAKE! its like you cut out the realistic position many people are in. You also don't consider that 160k subs DOES help you in your sales figures EVEN WHEN STARTING FRESH. its not hard to find you on platforms to browse your store! its not accurately comparable to someone not in your current social positioning. Sorry but had to point some of this stuff out.
Have you by chance seen the advert where Mr Beast advertises for Shopify, and goes onto tell everyone look how easy it is to setup a Shopify store, and he states he set one up and sold out within an hour and its that simple? Like the only reason that happened for him is because hes got a huge following (and this is dismissed by himself and the shopify company lmao) Its like you doing your own store from scratch but yet showing your item titles is easy for anyone to search your exact title names and find and follow your store!
Just went full time Considering switching to this model. I have sales of $100 or more profit on items and sometimes only $10 profit. Streamlining like this seems the way to go
Are the 5 hours of sourcing per day just sourcing in actual thrift stores, garage sales, etc.? Or does travel time come out of the 5 hours each day? I ask because we would have to travel pretty far to try to find 10 items that would profit us $20 as we live in a small community.
I have 800 listing selling around 80 a week. My main problem is sourcing items. Very hard in my area. I heard you say something about zip code calls that you offer in your patron. If i join can that help me find items in my area? Thanks
It’s one of the main tenants of our group. Consistently researching what’s in your zip code and becoming known in your area is how to build consistent supply
As a young reseller(8th grade) I need to balance work vs school. I just started resale a little over a month ago and have started getting about a sale a day/every other day while listing 1-3 daily. My shop currently has 50 items and I'm trying to source more and push to 100 somewhat soon. Does anyone (who has expertise in this field) have any potential suggestions for how big my shop should be each quarter/year in the future in order to not have to work a 9-5 as an adult? I have already started implementing storage systems and a photography/packaging station as well as getting my own designated work room/office. This room is used for other stuff so I have about 65 square feet to work with (not counting photography/shipping station) as well as some shelves and other storage in my own personal room. Any help's appreciated!!
I’d probably still work 9-5 for the experience and to learn to work with others. There are jobs that are worthwhile and you learn different types of skills in school
@dailyrefinement I will most likely work a 9-5 at some point, there are a lot of open jobs around me and there will be in the future. I agree that the work experience is important and I'll have a financial advantage if I am already reselling. I would just like to secure my fate as a reseller rather than endlessly working towards a promotion for 30+ years(yes I know that there are jobs where you can push up the ranks and make things happen). I appreciate the input!
@michaels5676 I have been spending a lot of time learning what sells - I enjoy it a lot. I listened to one of the reseller's podcasts and the idea of spending a week or month about what makes things in a certain topic valuable was one I wish to partake in. I'll probably start doing that in a few weeks since I'm young and have a relatively small to-do list. Thank you!
How can one list 10 items in a half an hour if you have to do the research on each item to know what your asking price will be? That takes time in itself...
It’s more important to spend time listing All info to make a good listing! Why stress rushing and timing yourself! With one hood listing you can then cross list with that..
Well sounds great but problem I buy all our clothing in thrift stores except for err. "unmentionals" by the time we are ready to get rid of the items there not worth $20.00.
10 a day, $73k a year. What do you think?
Are you back on eBay Chris? Hope so bro! Awesome video like always thanks 🙏 😎🤑
No distraction photo station ! Love it
Love it! Slim and trim 🎉
Great concept, …..put you did forget something in your time management part of the whiteboard. I see an hour a day for store work, 5 hours a day sourcing. That’s 42 hours a week, right? Not bad for $70k + profit per year, heck I’d do that in a heartbeat. But what about time to process your items? Does that fall under your 6 min reset to zero, or does that fall under sourcing? I know shoes take time to clean, clothing takes time to wash, dry, and lay flat. Hard goods can eat up allot of time cleaning, testing, etc. Realistically your 42 hrs per week is going to be 60-65hrs per week maybe even 80. Which still isn’t bad for the money. Put let’s not forget your going to pay more in taxes being self employed, your also responsible for your own health insurance, etc. I think you need to paint a more realistic picture. What you do is great but not always thought out. Hope you don’t take this the wrong way I’m a fan, just trying to be a realist too.
We’re doing a part-time husband and wife model and we love it. Both work full time 45-50 hours each and have the big corporate benefits pension etc. We garage sale roughly 7-10am on Saturdays pickup anywhere from 50-200 items(big community garage sales are crazy good). She does photography loads up 20-30 in the queue and I list as I can trying to do 5-10 daily up to 20 occasionally. She does USPS dropoffs on the way to work 5 days a week. We are just starting and of course the biggest challenge with work and three children is all the extracurricular activities and consistency. I do think we can hit 250-300k a year gross if I can put in a solid year of daily listing and not burn out. The key is keeping it fun as a side hustle for me.
The tag team a great model
Awesome
I just cleaned out my garage this weekend (formerly just shipping station/storage) now I can photograph in the same space. I will no longer need to bring sourced items physically into my home, they will go straight into the garage, to clean, process, and inventory. I saw the complete waste of time having to move lights, etc from room to room, I thought I can do this much smarter. Feels like a huge personal high five!
not moving around helps so much!
I do this part time and I'm going on year 4. I may not do the 10 item model, but I do a 5 item model. But while it's less items, I'm selling for a higher profit. I average around 33 per item. It's taken some patience to get here, and I was at 4 items selling per day for a while, but I'm nearing a solid 5 per day now. That comes out to an additional 60k of income, before my full time job. I'm pretty excited for that and I'm now looking to see if I can get to 6 items per day at the same profit.
That’s an amazing profit per item
Love this Chris, my goal is 15 per day it takes me about 2 hours to do them. I’m struggling with sales i fixed a ton of titles and change prices thanks to the group and my accountability partner Dan. I’m doing about 4-6 on eBay & Poshmark. I have to get on that zip code lead calls
Consistency and item knowledge is key!
I can confirm this set up is well done as I saw it first hand earlier this week. Time to implement some changes and copy this method in order to increase profits.
Sound great. New seller working on basics. Listing and figuring out what to charge. What is better terapeak or going to what sold on ebay search bar.
Chris, would you be able to show how you source, organize your box supply for shipping? Thanks
No one going to mention how sick his T-Shirt is... Dick Tracy FTW😊
Thank You!
Now my country hits... "Translate machine" !!
Love ❤️ from Thailand
I do 10 listings a day or less and made 283k profit on ebay last year. All clothing. You have to be so good at sourcing.
Very nice! $77 profit per item!
Dang thrifting in Beverly Hills?! 😂
I’m just glad my area loaded with Ariat/Carhartt/Cinch etc
Been reselling on ebay daily since 2001.
That being said…. here we are in year 2023. All levels of thrifting / reselling / platforms are totally saturated. Just because one Seller can sell a certain item at a decent profit does not mean everyone can.
My advice would be to find a solid part time or full time job that you don’t mind going to and flip items online part-time. But do it consistently (daily).
I have massive burnout from doing this for so many years. Finding great stuff never gets old, but the cleaning/prepping/picturing/listing//storing items/shipping, does get old. Hence why you keep hearing about people with death piles of unlisted items. And through trial and error over the years, I have had thousands of items not sell.
Agree good sourcing, consistency, organization and time management are key to a profitable resell business but I’m skeptical about spending only 41 mins a day to research, photo, list and ship for 10 items. The only way this works is if you buy multiples or are a niche reseller and even then 41 mins seems quite low and unrealistic.
My channel is about niching down so your reselling life is easy and fast.
this is the best ✨simplistic✨video yet
Thank You!
I live in the boonies and only 1 good will within 20 miles. But I do enjoy pallet liquidation. I am able to get amazon clothes pallets which have 200+ of new items some cheap some not so cheap. Also high piece counts which have 400+ items. Would these be viable for ebay sales?
Are you back on eBay, Chris? YEEEEEEEEEEEEEEEEEESSS!!! You are my role model. ♥
Thank You!
I just had a peak at your poshmark. You mean to tell me someone will actually buy that first pair of worn out runners for $15. There's nothing left to the tread. I always pass on those, not to mention up here in Canada, they'd still sell at a thrift store for $7. Our thrift stores are basically charging full retail prices up here.
How do you price items? I find checking comps to be the longest part of listing for me right now. I’ve been following you and adapting your principles and systems to fit my business.
My Poshmark Closet is here: posh.mk/TJ7DAw8EiCb
With Goodwill cherry picking profitable items out of shelves, not sure how you can consistently find $20 profit items that costs $8, and hit those goals daily. You either will have to spend more time, or depending on where you live grass could be greener. But, love your storage organization, it's very neat and inspiring!
Thanku for this info sir , m from uk i regularly watch ur videos and trying to follow ur instructions , big thanks,,, and u look nice today 💐💐💐
Thank You!
Awesome as always thanks Chris
Thanks again!
When do we do bookkeeping? Track Inventory on sheet?. Thank you for passing the knowledge and for being such a great source of help! 😊
Takes an hour a year or 5 minutes a week!
I just use quickbooks and it pulls most of my transactiona from my online banking so its pretty easy but there are plenty of options out there you can use a plain spreadsheet aswell
See big pile, list big pile. Rinse and repeat. This is as much thought as we give to inventory. Not trying to run a fortune 500 company. lol
Hi Chris, after watching you for a good while now. Your vids are very good, but I have to point out a few things. Please take it as constructive criticism. Although you mention briefly about cleaning your shoes as an example. when you are telling everyone the perfect hour work routine then you can spend the rest of the time sourcing, where is the time in your day considered for the cleaning and prepping? They don't clean and prep themselves, and they are not quick to clean shoes. You say you spend only 1 hour in there, and the rest of the time sourcing. So again your saying 80% of your time can be spent sourcing, so, where is the time to steam, wash, prep items that need cleaning? Its dismissed by you, you probably have staff doing it for you? I run my own warehouse space and I don't understand the explaining without factoring all these other things in. I understand your process, I understand your points, I understand your highlights. But you cant dismiss the prep time from a working day. You can say dont source stuff that needs cleaning then, but then you go on to briefly state you prep your shoes, but dont mention the time it CAN TAKE! its like you cut out the realistic position many people are in. You also don't consider that 160k subs DOES help you in your sales figures EVEN WHEN STARTING FRESH. its not hard to find you on platforms to browse your store! its not accurately comparable to someone not in your current social positioning. Sorry but had to point some of this stuff out.
Have you by chance seen the advert where Mr Beast advertises for Shopify, and goes onto tell everyone look how easy it is to setup a Shopify store, and he states he set one up and sold out within an hour and its that simple? Like the only reason that happened for him is because hes got a huge following (and this is dismissed by himself and the shopify company lmao) Its like you doing your own store from scratch but yet showing your item titles is easy for anyone to search your exact title names and find and follow your store!
Just went full time
Considering switching to this model.
I have sales of $100 or more profit on items and sometimes only $10 profit.
Streamlining like this seems the way to go
Are the 5 hours of sourcing per day just sourcing in actual thrift stores, garage sales, etc.? Or does travel time come out of the 5 hours each day? I ask because we would have to travel pretty far to try to find 10 items that would profit us $20 as we live in a small community.
Are you back on ebay? I thought you said you were banned from ebay. Just curious
I have 800 listing selling around 80 a week. My main problem is sourcing items. Very hard in my area. I heard you say something about zip code calls that you offer in your patron. If i join can that help me find items in my area? Thanks
It’s one of the main tenants of our group. Consistently researching what’s in your zip code and becoming known in your area is how to build consistent supply
As a young reseller(8th grade) I need to balance work vs school. I just started resale a little over a month ago and have started getting about a sale a day/every other day while listing 1-3 daily. My shop currently has 50 items and I'm trying to source more and push to 100 somewhat soon. Does anyone (who has expertise in this field) have any potential suggestions for how big my shop should be each quarter/year in the future in order to not have to work a 9-5 as an adult? I have already started implementing storage systems and a photography/packaging station as well as getting my own designated work room/office. This room is used for other stuff so I have about 65 square feet to work with (not counting photography/shipping station) as well as some shelves and other storage in my own personal room. Any help's appreciated!!
I’d probably still work 9-5 for the experience and to learn to work with others. There are jobs that are worthwhile and you learn different types of skills in school
@dailyrefinement I will most likely work a 9-5 at some point, there are a lot of open jobs around me and there will be in the future. I agree that the work experience is important and I'll have a financial advantage if I am already reselling. I would just like to secure my fate as a reseller rather than endlessly working towards a promotion for 30+ years(yes I know that there are jobs where you can push up the ranks and make things happen). I appreciate the input!
@michaels5676 I have been spending a lot of time learning what sells - I enjoy it a lot. I listened to one of the reseller's podcasts and the idea of spending a week or month about what makes things in a certain topic valuable was one I wish to partake in. I'll probably start doing that in a few weeks since I'm young and have a relatively small to-do list. Thank you!
Would posting videos of the items on Poshmark help out?
Can’t hurt but takes time
Wouldn't cleaning and prepping your items take about half an hour? And about another half an hour for misc.
That’s in the reset part and we are finding items that can be listed as is. That’s why 80% of our time is hunting
oh okay@@dailyrefinement
Nice
How can one list 10 items in a half an hour if you have to do the research on each item to know what your asking price will be? That takes time in itself...
I make sure I find the same item that has sold before on ebay when I source before I pick it up. Price similar.
It’s more important to spend time listing All info to make a good listing! Why stress rushing and timing yourself! With one hood listing you can then cross list with that..
Find similar items so you can skip the research
@@ychongythis is a great thing to unlock
@@Yazzie101don’t need to stress if you’ve already sold it and done the work. Cross listing is for fools
I have listings on Poshmark but take 6-12 months or more to sell each item 😂 too many lowballers.
Not good enough items and prices might be too high.
Can this be done with pre owned items alldifferent items?thanks
Less likely bc you don’t know enough to consistently find them and list them fast
Yes, but you should only start with a few categories and master them first before adding more categories.
Does it count that I was given something for free and sold it for 60.00 profit?
Yes but that’s typically not sustainable to get things for free worth $60
Don’t show this to “my boring reseller life” he has over 50k items that don’t move 😂
I mentioned it once accidentally and he was pretty mad
Haha I’m sure he made a video about it. Total train wreck.
Let’s go
Well sounds great but problem I buy all our clothing in thrift stores except for err. "unmentionals" by the time we are ready to get rid of the items there not worth $20.00.
They are if you know what you’re looking for
You said you were going to show us every station in this video but then it wasn’t in the video…
Hello Chris.
Hello Cathy. 😎
Cathy! Don!
Nice