You Don't Have To Be A BROKE Reseller - Techonomics
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- เผยแพร่เมื่อ 28 ก.ย. 2024
- Reseller Greatness Podcast Episode #8 - eBay's #1 Top Seller in EVERY pre-owned mens clothing category for the last 15+ years & millions of dollars in sales explains how to NEVER lose money and always run a profitable eBay reselling business from day one.
Best practices, tips & tricks that ACTUALLY work in 2024.
/ resellergreatnesspodcast
If you want to learn about Reselling the right way, please check out my Reseller Community.
- 30+ Live Coaching Calls in every niche weekly
- Everything is recorded for replay
- No drama community
- 24 Hour Live Co-Worker Room
- Access to the most comprehensive database for reselling on the internet.
- Everybody moving forward in a positive productive direction
-Goals & Accountability
/ resellergreatnesspodcast
#ebay #workfromhome #makemoneyonline #thrifting
This is a very heavy episode, you may have to watch a few times through.
Thank you for checking out this weeks podcast, I really appreciate everybody!
www.patreon.com/resellergreatnesspodcast
If you want to learn about Reselling the right way, please check out my Reseller Community.
- 30+ Live Coaching Calls in every niche weekly
- Everything is recorded for replay
- No drama community
- 24 Hour Live Co-Worker Room
- Access to the most comprehensive database for reselling on the internet.
- Everybody moving forward in a positive productive direction
-Goals & Accountability
www.patreon.com/resellergreatnesspodcast
My Boyyyyyyy , Pulled Out the White Board On Emmm lolololol Love it , Professor Tech
I was a commercial lender for 12 years and have a bachelors in business. This literally made my heart so happy. It is so scary how many business people don’t get the concept or are constantly shooting from the hip. You also explained this so much better than any other way I have heard. No lie 😂
Mission accomplished right there!
I am such an undisciplined seller, I have used it to live at poverty level. But I am a great seller who has great reviews and puts 100% in to what little I do. Listening to you has created in me a desire use my whole potential. I have started sourcing very differently since I have listened to half a dozen of your videos, and I am almost (almost) to the place where I list what I bring home right then. The death pile is over half gone, mostly donated, because I'm seeing a bigger picture. You have admirable discipline and I want to be you when I grow up. Commencing now.
So glad to hear that! Check out the other videos, there is a lot of helpful info in each! Continued success!
I can so relate. I KNOW i can do better. I hope to change. ❤️
I feel like i won the actual lottery for finding you and this group! Im only on my 8th week but from month 1 to month 2, my traffic and sales are up over 300%. Now i know SOME if that might have happened organically but you cut the learning curve down by about 15 years lol Forever grateful!
You're crushing it. congratulations! Wahoo!!!
Thank you Professor Tech! I have an MBA in Finance and have been through many trainings in my career. This is the best number's related video I have ever seen! Anyone at any level can take away information from this video. You give it away for free! Amazing! Very inspiring! I am glad I joined your group to continue to learn about Ebay!
Thank you for the kind words! I appreciate you checking out the video & hope it's helpful!
This is the best video on TH-cam. Get your notebook out and the remote to pause and to rewind. This exercise will show you the real deal, even if you don't want to see it. Thank you Tech
Appreciate that!
I've rewatched this multiple times because unfortunately I'm that guy that needs to hear it multiple times for it to sink in. I've been reselling for about a year now as a side gig. Hoping to turn it into a full-time thing after my military service is up. I started off way wrong and have spent money out of pocket and very much over sourced. I think I've started to get a good handle on what to buy and what to leave. But now I need to stop all of the buying and pay my penance for the stupid things I've done to get this started. I'm in that place right now where nobody in my life believes I can make this happen and my wife in particular is very unhappy with the personal money spent. This will be a lonely road but your videos and others like you help keep me pushing forward. I will continue to do the best that I can until I know better and then I will do better. Thank you for all that you do Tech.
Happy to help, keep pushing forward my man
Tech, thank you for this video! Iv been spinning my wheels for the past few years trying to get my eBay business off the ground.
Iv watched this video a few times and now I see where Iv been going wrong. It’s time to correct course and start a new. Thank you!
Really glad to hear this helped! I wish you success!
THIS!!!! If you haven't joined the group yet, THIS is MORE than worth a year's membership. 2024 will be a reboot year for my p/t eBay business and I look forward to being consistent and getting GREAT results! Thanks, Tech!
Appreciate you checking out the video Debbie!
100%!
You are the best teacher ever. Everything you do is expert advice and in laymens terms. Thats talent. Im joining soon. x
I appreciate the kind words Jasmin! I hope the video is helpful
I am in the "buying stuff that takes too long to sell" group. I've started working on that recently and have been leaving stuff behind that I would have purchased in the past.
That's a great first step. Sell through is king. Study up on the brands, study up on the nuance, the keywords, price points that turn 6+ month sell through items into items that have a chance of selling today
Hi Tech,
I could not end my night without sending you a comment on this video. The amount of people you are helping is amazing! I am always very grateful when I watch you and I couldn’t go to sleep until I sent you a huge Thank you! 😊
My pleasure. Happy to do it!
Every single reseller or anyone who is starting their own business needs to watch this. extremely helpful.
Please share with those who you think it may be helpful to! Let's help as many people as possible
I shared this video with a new reseller I met today told him all about what I Learned from you guys hopefully he will join your group.
I'm re-watching this video again as well great stufff🎉🎉
Appreciate you Seth
This is my favorite video by you so far, this was like a recipe for success, it had all the herbs and spices!
Thanks Steve! Hope it's helpful
man, if this video existed 10 years ago I would already be a millionaire. Finally grasped the concept this year and neve been more excited about my business!
Wahoo! We need Hanli podcast part 2!
Thank You Tech! I'm still only a little fish but you explained everything perfectly. Best part was by what amount you need to grow your store😊
Awesome!
Hey Tech, this is Harry from The Spot! Met in November on my first visit to your store, with full court there too. You guys were talking about doing that Tampa video at the time. Was a very cool/memorable moment.
Love what you do for the community man. Still stoked to be the first to mention the YT channel to you in person. Those BOLO vids are unmatched and I really enjoy running the long-form vids in the background while working. Appreciate you dude.
Yeah! I remember you! Great to hear from you. I hope everything is going well with you and business is good. If you are in the area again and swing by let me know and I'll be sure they take care of you like always! Thank you for checking out the video I hope you enjoyed it and found it helpful.
Dude. This is the EXACT video I've needed. Seeing this visually is what my brain required.
Was it helpful and not too confusing?
Incredibly helpful@@technsports
Wowsers! What a blessing you are to share your knowledge!
Hope it was helpful! Thank you for checking out the video!!
This video is EVERYTHING! We all can benefit from this information, new and “old” resellers. Thank you! 😊
Thank you for checking out the video launena!!
@@technsports Of course!
Please call me Laura, that’s my name 😬
@@Launena100 😁😁😁
No punches pulled, needed that. Thank you
Appreciate you checking out the video!! Thanks so much!!
Im only half way through and Im pumped up! You have me believing this can really be done and be done well. Im very excited! Thank you so much for all you do...I truly appreciate you!!
You can do this. Thank you for checking out the video!
Tech this is a must see video for beginners or Veteran sellers on ebay. Watching this over and over again. Thank you for being here for us!
My pleasure! Hopefully it is helpful to many of people. Thank you for checking out the video!!
Thank you again for another great video.
I have been running my eBay business for 4 years and full time for 2 years.
Since I live in a very small village in Germany, my business model is online arbitrage with only new goods.
My problem has always been that when I find a very good deal, I immediately buy a large number of items, as I also completely buy up many price error deals.
It takes a correspondingly long time until I get the capital I invested back.
I definitely have to be a little more careful here in the future, otherwise I'll soon be broke.
In fact, from the end of January this year, I'm starting a 3.5 year part-time training course, 2 evenings a week, as a state-certified business economist. - completely free here in Germany.
I look forward to more exciting videos and inspiration from you.
Best regards and stay healthy
Great job on taking that course, it'll help so much!
Absolutely Best in the Business!!!! Wealth of knowledge has helped me build a great business.
Let's go! Mission accomplished!
Really hit the nail on the head. Thank you! Will have to watch several times. So much too absorb.
Watch it back a few times to take everything in if needed.
Often imitated, never duplicated .. the only 🐎 il ever bet on . Great job
Appreciate that Alex!
GOAT
Off the back challenge!! LOVE it.
I tried once driving down the street here .. Vintage Chief Wahoo Starter. SICK
He said he could sell it it was his roomates.. I dropped the ball .. should have gave him my number. Live and learn
Keep these videos coming . We live learninging from you bro 🐐
Hahaha you fumbled the ball by not tossing your phone number for sure!
@@technsports fumblerooskii For Sure!! 😁
Thank you so much for this class lesson! Love getting my education this early morning! It’s easy to get caught up in sourcing so much that people forget to put the profit in savings rather than investing all the profit into more inventory then go under quickly.
Yeah we have to actually make money and have something to show for what we are doing. Thank you for checking out the video vivi!
Thank you so much for this Tech. I definitely will have to watch this again. My problem is that I am inventory rich, and your right I can't pay my bills with inventory. Everything that came in i spent on sourcing more items.I am changing that now. Such a valuable lesson. Stay blessed 🙏
Thank you for checking out the video I hope you enjoyed it. Be sure to give it another go!
This is so awesome Coach. I have been doing this, but I was unable to explain it. I feel like the luckiest person in the world for stumbling into the group at the beginning of my journey.
Appreciate you checking out the video I hope it's helpful!
the golden ebay mba ❤… love it
Hope it's helpful Dan!
This is absolutely the mot informative and helpful video I have seen on how to calculate a$20 profit per item! Very enlightening. Thank you so much.
Thank you for checking out the video Elizabeth!
Thank you. This is not talked about or taught at all in this community (in YT videos at least.) So much great info!!!
My pleasure, it's a tough concept so it's difficult to talk about. You have to really know what you are doing.
Tech is the best. So many others seem like frustrated celebrities in an odd way. More in love with being on YT than actually a passion for this.
Just a regular guy spreading the gospel of reselling to as many people as I possibly can in hopes it helps people the same way it has helped my family and I.
@@technsports I live a bit north of you and hope to run into you in the wild some day.
@@dianevanderlinden3480 I'm sure we will cross paths
Thank you so much for helping us all! This is another great video! I feel like I've been doing this all wrong. I found my niche but now i need to find the 10 items a day/i need to figure out what shoes/and a separate bank account. Ill be watching this again! 🎉
Half the battle is getting it figured out
So much knowledge is dropped here! This is the Christmas present that is like Willi Wonka's Never Ending Gobstopper! Thanks so much Tech for your time and effort, I hope you realize just how much you are appreciated ❤🔥👩🌾
Appreciate that Noel! Gobstopper lol
Holy information batman. This episode makes me want to cry. Because I started out in storage unit auctions. 20% of them are good......80% are hell. I had some really good items but it drained me a little. I was broke and couldn't figure out why. (Inventory poor)
I started watching people flip on yt. Ultimately I came across tech. I sell good items (3 out of 4 I'd guess) and still I'm not saving big. I get amped and buy buy buy. Things I buy pile on storage unit items.
I need to keep taking a bite of that elephant. One bite at a time. Tonight I'm getting my photo area for clothing done. I bet I've got 300 items to list just for that.
Tech thank you sir.
Music to my ears, you can revisit as often as possible, thank you for checking out the video. Check out the others, lots of helpful information everywhere
I'm in extreme grow mode but only for a few months. My average net is 15. Average cost is about 3. I'm banking about 2 bucks per item so still profitable. But the rest is put back in. Once I reach my desired inventory level I'll bank more. It's a small store I do part time
Appreciate you checking out the video I hope it's helpful for you
Definitely gonna waych again and join the group soon. Awesome, awesome, awesome!!!
Would love to have you! Learn some things, learn your business, make some money! Thank you for checking out the podcast
TechnSports!! You crush. Communication loud and clear and unwavering since I’ve been following. Thanks for your service and dedication! The time is now 2024!
Appreciate that! No better time than today
Thank you Tech for all that you do for us
My pleasure, I hope this provided some helpful information for you
I'm listening for like the 10th time... idk why but I hear it deeper each time.❤
Different things hit at different times
This is great content to watch you can't get enof of practicing the fundamentals alot of things in my machine that need improvement like "shooting free throws on sunday" I'll be watching this one a bunch THANKS!!!
Appreciate that Seth!
I’m on it Tech! Here to listen to what you say!
I hope the information is valuable
Thanks for sharing. I'll have to watch again to absorb everything💫. Knowing the #'s is so important. One of the best things I've done over the last 18 months was create a spreadsheet where I input all my solds & calculate all my #'s. I clearly see my averages & net profit for each item. Definitely gotta work on increasing my margins.
Beautiful thing to do for your business. Good work!
I hate math! But this was easy to understand. I also wanted to thank you for all of the time and energy you devote to us learning all we need to be successful ❤
Mission accomplished!!
Thanks so much, I have learned so much and have so much more to learn. Got thrown another bad hand but this year is going to be better. 🎉🎉🎉
You got this!
Thank you! I’ve worked at some hard things. This opportunity feels like a gift every day.
100%%%
I have watched this three times. Still picking up tidbits.
Excellent! I hope it's helpful
Thank you for this! I needed to hear this!!!
Awesome!
Take away from this video... Find $20 profit items with a good sell through! Thanks for breaking it down so eloquently!
Thank you for checking out the video I hope you enjoyed it!
Thank you for breaking it down like this!
My pleasure Kendra!
This is what I’m now going to do starting from 0. Thank you so much
My pleasure. It'll help your business
"The machine" XD. A real systems builder's lingo.
🤣🤣
I am ready to go to the next level!
Take the baton and run!
Hi Tecb Great video! This is all relevant to have those items you purchase for $5 sell in a short period of time. Besides this could you do ro maybe you have how to get these items to sell to get the rolling savings affect in your bank account as you are explaining in the video. A person can add item, but if they do not sell, that person is going to have a problem making money.
Of course. We shouldn't be in the storage business. If you want to find $5 items watch my other items. I rarely pay more than that
Thank you Tech ready to get off this hamster wheel and make my business successful. Joining the group today. God Bless
My pleasure, I hope you found the information helpful. Please make an introduction post when you get in so I can give you some helpful links.
Loved this episode Tech! Thank you for breaking this down so clearly!
My pleasure! Thank you for checking it out!
The video that goes over how to cover those metrics, what's the video exactly called?
I show how to do it in the beginning of this one. But the video referenced is in the group
I heard the 1050 a week for bills savings etc what about taxes????
Taxes are a given & I'm not a tax professional so I'm not going to speak on taxes.
Always the Best Thank you Sir
My pleasure thank you!
Thank you Tech
Thank you as well!
Thanks, Boss always the best
Thanks Z!
Tech, I agree with your numbers, but I never hear you talk about liability insurance? That is a cost that has to be covered before any profit can be taken. I realize that people may not think insurance is necessary for used clothing but I sell toys and consider it a must.
I carry insurance as well.
Well hello professor! Excellent presentation and lesson.
I hope it was helpful
Thank you!
Likewise, hope it's helpful
Good stuff as always!
Thank you for checking out the video!
This was exactly the episode I'm gonna need to listen to a few times, WAY to many nuggets for just one listen
Circle back!
So much pure gold right here! Be Great!
Appreciate you checking it out
Thank you
Appreciate you checking it out!
Exponential growth.. 🎉
Thanks so much!
My pleasure, thank you for checking out the video. I hope it's helpful
I know this video is old but I’m just getting started is inventory an important part of this like have as many profitable items as possible? And then is it mostly about average cost vs profit idek if that makes sense but hopefully I can get an answer because I go to the bins every single day and have an average cost of 1.6$ an item but not sure if I should just keep posting as much as possible and expecting offers as they come
If you are posting items that are not good then don't post them. If you are posting great items then post as many as you can without increasing your defects, destroying your metrics and increasing your returns and breaking your business
It’s hard when you only have a phone no space iv been trying for a while
Stay at it
@@technsports thank you
Still mind blowing but I'm working on it now!
Watch it back a couple of times if needed
thank you for this. will need to watch again but sure it will bump me in the right direction.
This one is a heavy episode!
Thx for the great content. Where can I find the Deep Dive Document? G
Deep dive document is in the group. Drop a post in the group and I'll send you some helpful links
OK this kept me up longer than I planned but great stuff. Very infomrative. I am in the gtoup. Where is the deep dive document you talked about at the beginning? I need more knowledge on what to look for in brands? Thanks
Search the group for "deep dive doc" or make a post and I'll link you
Beautiful!… well said sir!!!
Appreciate that!
This really makes sense to me. Time to implement. Thank you!!
Thank you for checking it out!
In the example, the selling price is 29.99. What would the listing price be?
List price doesn't matter. If you list it for $40 million dollars and you sell it for $29.99, it's worth $29.99
@@technsports , what I mean to ask was, what is the normal markup to get the selling price? What % of do ppl normally made an offer. I hope that makes sense.
Excellent video Tech! Amen!
Thanks Benny!!
When I find an item and look up the sell through rate, what percentage should the sell through rate be in order for me to buy the item?
High as possible for most people. There is no answer to this as everybody has a different business model. Some people 1 year sell through, some people 90 days, some people 1 month
How do I joins. The. Group
Click Join Group!
resellergreatness.com/
WHIPPED OUT THE BOARD!!
🤣
goat keep it up Tech!
Appreciate you checking out the video!
Great work Tech! Very good stuff.
Appreciate you checking out the pod!
Best knowledge yet other than realizing I was just lazy
I hope it was helpful
Tech ain't playing. 😊
Appreciate you checking out the video I hope you enjoyed it!
👍 what store package do you have?
When I get to 25,000 listed should I upgrade or pay per listings?
I have an anchor store. If you Google "what ebay store is good for me" they have some helpful tools
Hey tech from someone with a full time job, I sell around 5 a day with 750 items. I’ve been taking all my profits minus tax obligations and throwing it all back to grow. I do not rely on eBay as I work full time is this a good idea or should I still be shoving money in the bank
As illustrated on the whiteboard, focus on speeding up that sell through and turning those items back into cash. If you do it correctly it is impossible to keep up with the reinvesting and your bank account fills up with money while your business also grows.
Is there any way to see the original listing date after an item sells. It would be helpful to know exactly how many days each sold item took to sell.
There is. It's on the original listing. If you go back to my very first video I actually show it on the screen when I'm in my warehouse
You can put it in your custom sku too along with your cost of goods
Should I ever reinvest my profit for more stock ?
You can if you wish, but as illustrated it's not necessary if done properly
thanks very clear
Sweet!!
Great thumbnail!
🤣. Thank you!
Awesome just awesome
Appreciate you checking out the video I hope you enjoyed it!
This a good one.
Appreciate that!
Thank you Tech
Thank you as well! Wishing you a great 2024