I think it depends on your store model and niche. I’m a mechanic by trade, so I understand a lot about cars. I also have a big exterior garage that currently holds 1000+ items and it’s not even 20% of the way full. Most my store is tools I purchase from individuals, parts from a pick n pull, or I have bought out family owned dealerships. Some of my items don’t even have sales on eBay, I price it under OEM brand prices and promote my listings. I’m okay with letting stuff sit for months sometimes years at a time. But that’s just my business model. I’m into most slow selling items for less than 20% of what I’ll end up selling them for, and the higher sell through rate items like Snap On tools or mini cooper parts, I’ll pay closer to 50% for knowing it’ll sell within two weeks most the time. I watch all your videos and you’re very knowledgeable, I just don’t think finding affordable items with high sell through rate is always realistic. That being said I’m also not full time, I profit between $700-$800 a week after buy cost, shipping, and eBay fees. It’s enough to set aside and scale my business while saving for some properties as I grow older. Thank you for the advice as always brother!!
I feel like buying in bulk and resseling is key but i'm still trying to figure out how people buy pallets of items. I more or less got a few leads in my area since I notice that bin stores in my area have been doing well and wanted to flip a pallet on my own.
Casey, I buy and see a lot of no-name clothing, but I buy based on style. Because I can sell it to consignment. For example, I just recently bought two clothings and the brand is no-name. But the style is smoking! In my decision to buy it is -- I can always sell to consignment. Because consignment looks at style first and then brand. Old Navy is not a brand that Consignment wants, but if I bring them Old Navy Overalls they will buy them. Based on the style, because the style sells. If you go through their racks, a lot of the brands are unknown, but the styles are funky fun and modern. Tell your guy to take the coat to a consignment shop. Either a Buy-Sell shop or a regular consignment shop. Lastly, one thing that Brand names have over the Chinese brands is 'BRAND NAME'. When we shop, we're looking for the name brand because we trust the quality.
@@Chicago48 this is a general rule of thumb on my video and discussion eBay sales…I’m sure the consignment you use is great and different rules apply to that shop then selling on eBay
A lot has to do with keywords, item specifics, and price. Find out what time of year an item sells best. I'm in complete agreement with this video but there is more to consider. Buy what people are looking for at a low price and sell to have a profit after fees and COG.
Great video as always 👍🏽. Thank you for all your knowledge. Video suggestion for you, how about a video on how to make a great eBay listing title. For a new and used item. Have a blessed weekend.
That's my exact model but like you said Im somone who has the storage, the time and the capital to do it. I price almost everything over current market value. I sell mostly vintage collectibles in all categories. People should be grateful for sellers like me because I play a role in raising values of items. If everyone priced competitively then it would be a race to the bottom. I agree with you for most people. Personally I don't need things to sell fast. I will add that I dont do it on everyday items just hard to find items.
I feel like the sellers I follow who do well are selling through 30% or better in their stores in 90 days, so if I can keep that up as I increase the number of items in my store, I'm happy with that, especially as an everything seller. I balance what I list so there are quick flips and longer tail items, and am ok with that because I need to sell some things I love and enjoy (or just go back to a day job). It's a balance and I'm ok with that, always adjusting and learning. Thanks for the video!
I'm only trying to sell my comic collection. Other than major keys I'm trying to sell them in bulk. I'm not a reseller so I'm okay with 1-2 sales a week. Great vid, sir!
Wait, so how does one go about looking to see what items are selling by the hundreds or thousands daily? Also, you mentioned the Product Research page. When I go on there, I just look up an item I want to sell and see if they are selling. Isn't that all Product Research does? What else can I do with it? A struggling closet, Melissa
On ebay its called a store not a closet like on poshmark which can confuse some folks just as an fyi. You go to ebay search, type in the item you want to search and then click the SOLD filter. It will show what has ACTUALLY SOLD in the last 90 days by default. The product research tool formerly known as terapeak does the same thing except it goes back much further i think up to 3 years. Also it includes a little more info but isn't necessary except for in depth research. quick SOLD searchs will give you what you need 99/100 times
Sell through rate can be deceiving. If you look up a coat in August, the 90 day sell through rate will be much different than looking it up in January.
So I am downsizing and purging my house from a 5 to a 2 bedroom size… I have most things in storage so nothing has really cost me anything except cost of storage… but if something sits for a little longer once you list it, but cost you nothing really is it ok for it to sit longer in your store? I’m a bit overwhelmed what to start listing but I have clothes, shoes, household items, some electronics, tools… where do you honestly start.. should you do clothes or everything first as I need to find more of a niche…
I sell Vintage Motorcycles, vintage motorcycle parts and vintage chainsaws. I ONLY have 420-500 items listed at any given time howeve rmy ASP is 101.00 and 3-4 times a year I sell a high end bike that brings 25k+ I have no idea how anyone can sell clothes, shoes etc... there is NOT enough profit in that. I absolutely Gurantee I frequently have antique chainsaws that you won't find anywhere else on eBay or VERY few. The guys that collect them KNOW what they are looking for and scour ebay for it.
Rookie mistake. New resellers buy anything that looks expensive then brag about it on their social media account. "I paid FOUR dollars for this! Yay me!". 6 months they're asking *"Why is eBay SOOOO SLOW?"*
Yup. I dont even show what I scored rather I say yup I scored some stuff for x. Should sell for y but don't disclose what exactly what it is. Otherwise every one grabs it and then we have a race to the bottom.
Why all you guys when you talk about SHOES mean only athletic? There are hundred/thousands of shoe brands to resell...why do u think you know everything about shoes mentioning 10 sport sneakers brands only???
@@Nataliya0907 because that’s 90% of eBay sales is 20-25 brands. And I include non sports shoes in it. Birkenstock, Drmarteen, red wings, Justin and Frye boots, hoka, crocs, converse etc. The athletic brands are just the 10 top brands and most of the sales
Make sure you REALLY ARE HONEST with your items, and the prices. Email me for full store reviews & audits- Rockstarflipper@gmail.com
I think it depends on your store model and niche.
I’m a mechanic by trade, so I understand a lot about cars. I also have a big exterior garage that currently holds 1000+ items and it’s not even 20% of the way full. Most my store is tools I purchase from individuals, parts from a pick n pull, or I have bought out family owned dealerships.
Some of my items don’t even have sales on eBay, I price it under OEM brand prices and promote my listings. I’m okay with letting stuff sit for months sometimes years at a time. But that’s just my business model.
I’m into most slow selling items for less than 20% of what I’ll end up selling them for, and the higher sell through rate items like Snap On tools or mini cooper parts, I’ll pay closer to 50% for knowing it’ll sell within two weeks most the time. I watch all your videos and you’re very knowledgeable, I just don’t think finding affordable items with high sell through rate is always realistic.
That being said I’m also not full time, I profit between $700-$800 a week after buy cost, shipping, and eBay fees. It’s enough to set aside and scale my business while saving for some properties as I grow older.
Thank you for the advice as always brother!!
I feel like buying in bulk and resseling is key but i'm still trying to figure out how people buy pallets of items. I more or less got a few leads in my area since I notice that bin stores in my area have been doing well and wanted to flip a pallet on my own.
Casey, I buy and see a lot of no-name clothing, but I buy based on style. Because I can sell it to consignment. For example, I just recently bought two clothings and the brand is no-name. But the style is smoking! In my decision to buy it is -- I can always sell to consignment. Because consignment looks at style first and then brand. Old Navy is not a brand that Consignment wants, but if I bring them Old Navy Overalls they will buy them. Based on the style, because the style sells.
If you go through their racks, a lot of the brands are unknown, but the styles are funky fun and modern.
Tell your guy to take the coat to a consignment shop. Either a Buy-Sell shop or a regular consignment shop.
Lastly, one thing that Brand names have over the Chinese brands is 'BRAND NAME'. When we shop, we're looking for the name brand because we trust the quality.
@@Chicago48 this is a general rule of thumb on my video and discussion eBay sales…I’m sure the consignment you use is great and different rules apply to that shop then selling on eBay
Thank you for all the advice.
I will be starting the homework given tomorrow 😊
You got it!! thanks for being here
Our first ever VHS player in 1983 was a Fisher!
A lot has to do with keywords, item specifics, and price. Find out what time of year an item sells best. I'm in complete agreement with this video but there is more to consider. Buy what people are looking for at a low price and sell to have a profit after fees and COG.
Theres always other variables for sure. good prices, titles search etc
Great video as always 👍🏽. Thank you for all your knowledge. Video suggestion for you, how about a video on how to make a great eBay listing title. For a new and used item. Have a blessed weekend.
That's my exact model but like you said Im somone who has the storage, the time and the capital to do it. I price almost everything over current market value. I sell mostly vintage collectibles in all categories. People should be grateful for sellers like me because I play a role in raising values of items. If everyone priced competitively then it would be a race to the bottom. I agree with you for most people. Personally I don't need things to sell fast. I will add that I dont do it on everyday items just hard to find items.
Right certain models def lean toward your way of doing things.
First time watching!! Great!!!!
welcome in!!
I feel like the sellers I follow who do well are selling through 30% or better in their stores in 90 days, so if I can keep that up as I increase the number of items in my store, I'm happy with that, especially as an everything seller. I balance what I list so there are quick flips and longer tail items, and am ok with that because I need to sell some things I love and enjoy (or just go back to a day job). It's a balance and I'm ok with that, always adjusting and learning. Thanks for the video!
I'm only trying to sell my comic collection. Other than major keys I'm trying to sell them in bulk. I'm not a reseller so I'm okay with 1-2 sales a week. Great vid, sir!
Thank you!
Wait, so how does one go about looking to see what items are selling by the hundreds or thousands daily?
Also, you mentioned the Product Research page. When I go on there, I just look up an item I want to sell and see if they are selling. Isn't that all Product Research does? What else can I do with it?
A struggling closet,
Melissa
On ebay its called a store not a closet like on poshmark which can confuse some folks just as an fyi.
You go to ebay search, type in the item you want to search and then click the SOLD filter. It will show what has ACTUALLY SOLD in the last 90 days by default.
The product research tool formerly known as terapeak does the same thing except it goes back much further i think up to 3 years. Also it includes a little more info but isn't necessary except for in depth research. quick SOLD searchs will give you what you need 99/100 times
Sell through rate can be deceiving. If you look up a coat in August, the 90 day sell through rate will be much different than looking it up in January.
Of course, thats why look at the current 90 days
So I am downsizing and purging my house from a 5 to a 2 bedroom size… I have most things in storage so nothing has really cost me anything except cost of storage… but if something sits for a little longer once you list it, but cost you nothing really is it ok for it to sit longer in your store?
I’m a bit overwhelmed what to start listing but I have clothes, shoes, household items, some electronics, tools… where do you honestly start.. should you do clothes or everything first as I need to find more of a niche…
I sell Vintage Motorcycles, vintage motorcycle parts and vintage chainsaws. I ONLY have 420-500 items listed at any given time howeve rmy ASP is 101.00 and 3-4 times a year I sell a high end bike that brings 25k+ I have no idea how anyone can sell clothes, shoes etc... there is NOT enough profit in that. I absolutely Gurantee I frequently have antique chainsaws that you won't find anywhere else on eBay or VERY few. The guys that collect them KNOW what they are looking for and scour ebay for it.
Because clothing is easy to find and it's everywhere. Most people don't know anything else or don't care to learn, or are to lazy
Rookie mistake. New resellers buy anything that looks expensive then brag about it on their social media account. "I paid FOUR dollars for this! Yay me!". 6 months they're asking *"Why is eBay SOOOO SLOW?"*
Yup. I dont even show what I scored rather I say yup I scored some stuff for x. Should sell for y but don't disclose what exactly what it is. Otherwise every one grabs it and then we have a race to the bottom.
BINGO
Facts
I have heard of both Fisher and Teac but then I'm a lot older than you.
:-) very fair lol
Sell through rate sell though rate sell through rate
Why does everyone make it so complicated?
Because most people don't know how to figure out whats good and what isn't
Yeah, but who can find LULU Lemon or other great brands in my area? That is the biggest problem I sell whatever I can find.
You get items shipped in...i havent sourced an item from inside my state in years
Let's be honest guys... every single reseller has at least 10 of these jacket-type items including the guy behind the microphone
@@TheXilya lol. But I don’t have an entire store full of 600 of them like some folks. 😉
mine is a 1994 Stradivari viola...it's beautiful and don't mind looking at it, but it's only been about a month 😂
nope. I don’t sell clothing but ok
Hey, is drop shipping a good idea on eBay ? What's your opinion ❤ thanks for video!
Its against ebay policy.
@RockstarFlipper but I heard we can do with printify or printiful 😭noo
I have ordered stuff on eBay and a few have been drop shipped. Find out it was cheaper from its source (Amazon) than eBay. I was a little annoyed.
eBay is banning dropshippers
@@livefromthelisteningroom3914 why they doing that? Is drop shipping too bad?
Let me guess: our items suck because they are not remote controls?
So explain to me the comment... why?
@RockstarFlipper it was a very funny joke about you mosly selling remote controls.
Why all you guys when you talk about SHOES mean only athletic? There are hundred/thousands of shoe brands to resell...why do u think you know everything about shoes mentioning 10 sport sneakers brands only???
@@Nataliya0907 because that’s 90% of eBay sales is 20-25 brands. And I include non sports shoes in it. Birkenstock, Drmarteen, red wings, Justin and Frye boots, hoka, crocs, converse etc.
The athletic brands are just the 10 top brands and most of the sales