His method actually works, once we stop making excuses and start executing his strategies you will see the reward. I'm currently still a everything seller but I'm slowly seeing what sells best for me with less returns. And I have developed multiple sources to get all the clothes I want. Just have to find a outlet for the cheaper brand clothes that's not worth posting on Ebay.
My dude! Thank you for this. I've been having a lot of financial difficulties lately but started an eBay store last year and, with no other options really available to me, I'm about to throw everything I've got into an eBay business. Thank you so much for the clear and concise instruction in your videos. I'm gonna use the knowledge you share, try and make as much money as possible and if I'm successful, I'll send you an email and thank you personally. Maybe buy a pair Jordans too...
Do you have an inventory system spreadsheet video that you have shared? Specifically for shoes. Right now im just putting them on shoe racks and looking for them
So right now i have 700 listings but im not selling 7 items per day. 90 percent of my store is sneakers and i only sell top brands in great used condition and new. Im feeling a little stumped at the moment. Ive done a bulk price decrease to see if lowering the prices would help but i havent seen much improvement. My photos are great too.
Your sell through rate is always correlated with the market, often shoes at a .3% rate would be considered okay imo. Depends on what it is. Some shoes take years to sell, some never sell, some sell right away.
How are you listing 40 items per day? I’ve been doing this for 2 years and have a good work set up but the most I’ve been able to list in one day is 25. That includes creating the listing photos and inventory. Do you have a video on how you list this fast
Start using templates and sell similar items and listing will be like taking a day off. They tell us the secret but we don't hear them because we are going off what we only know. The recipe is sell similar and templates and I promise you, that you will shoot past 25 listings without trying
Does your storage unit actually come with electrical plug-ins or lighting. I'm trying to find a storage unit to set mine up in temporarily but, where I live, they don't come with either one.
How would you over come monthly selling limits? That's the one thing that's really stopping me from getting alot of listings done consistently.i have badic business account and a personal account
Hey guys i had a question, I have 1600 items active and listing 20 per day, I am getting less than 8 sales a day. Does anyone think I should reset my store to 0 and start over with a listing goal of 5. I need advice.
If you have 1600 items, that mean you have items that have been listed for over a year. This is the solution. Do a mark down sale, it allows you to mark up to 500 items down up to 90 percent. Cut the price down to 50 percent, yes some items you may lose money once you ship, hopefully you charge for shipping. Either way it's been sitting an no one wants it at that price. The first day of the sale you will see a couple items sell at the 50 percent off, may break even or lose a few dollars. Don't worry ship them out as soon as possible, so Ebay knows your serious about your store. Day 2 you will have a mixture of 50 percent off items and items at full price, assuming the new inventory is not more of the same stuff that's not selling. Day 3 of the sale, now Ebay has taken notice that you are fore real. You will have just as many items sell for full price as you will sell for 50 percent off. If you keep listing quality items every day, eventually all of your marked down items will be sold and you will be left with only full price items in your store, with continued sales of at least 16 items per day. Now if you don't do it exactly like I have told you, don't expect to get the results exactly like I said you will.
One of your previous videos said the white paper is available until the end of July for monthly members is this still the case as I was looking at joining in the next few days
Thank You for all your wisdom. Please write a book I will pay $100 for it 😀 I have listened to hours of your content and it is so detailed and motivating
You essentially could flip this schedule and do everything backwards as well. You could do the first few things in the early morning before the thrifts open and then drop off your items sold at the post office on the way to your sourcing route. So drop off at 10am when the P.O opens and then drive to your first location. I recommend having 4-5 different sourcing routes already mapped out. (11-3pm). This also gets you on the road when the traffic isnt so bad. Im in L.A. Once you get back you can do your listings and reset to zero.
He divides the 200 by 7 to get a daily listing of 28 to 29. You create 40 a day so you can take weekends off and just make your drafts go live those days. If you want an even number of 30 a day live you would need to draft 210 a week.
As always your advice is super. I'm just really starting out and if I list every day I'm starting to get 1 sale a day and most are over $10. I don't really want to get too big but 1 or 2 sales a day is good for me. You mentioned templates. Could you do a video on how to make them? As usual very good video
Let us talk about the Elephant in the Room. Unless I missed it I didn't hear anything about Necessary Capital? If you are making $10.00 profit per item and sell through rate of 30% then to get to $2000.00 profit would mean you need A-Listing at least 800 items B-You would need to get to achieve ASP of 30.00 less shipping costs 15.00 each & Ebay Fees, 30.00 - 15.00 & -4.50 leaves you about 11.50 less 1.50 investment each item to reach the 10.00 profit per item C-Investment of 800 items x 1.50 = $1200.00 D- 30% sell through rate at a profit of about 10.00 x 240 = 2400.00 So, if I'm following this along correctly you need $1200.00 in upfront capital and if you can truly source items at an avg. of $15.00 per item then this model can work by taking the 2400.00 in profit to reinvest, scale up, etc. But if you can't source items that low then the scaling is either going to take a lot longer or you need significant Capital to scale up?
@@dailyrefinement Ok, so you are saying you don't need cash if you already have the cash to scale up but just takes longer? But of course you do need the Upfront cash to start off your inventory.
@@scotpederson5932 no you don’t. He sold stuff from around his house first before he bought any inventory elsewhere. And he kept rolling the profits to buy more inventory. His colleague started with $35 buying a cell phone off Craigslist and now makes millions of dollars/year selling used mens clothing.
@@brush412 Yeah, I get all that & have heard those stories. My experience has been that for items I sell for $30-35.00 I rarely if ever come across for $1.50. So there is no way I can scale up fast. Typically, I can source for something that sells for around $30.00 at about $15.00 If you take 30.00 x 15% off the top then you are left with $25.50 less shipping fees of about $5.00 net is now $20.00 which gives a Final Net of $5.00 profit. So I'm working with about 17% Profit. If I make a score at $10.00 then my Profit is $10.00 or 33% Profit. Either way the issue for me is if I were to list 2000 items in a month even at the lower buy rate of $10.00 that's $20,000 upfront. The takeaway for me is if you get into a Category with a Super low investment cost per item it seems to be much easier to scale. My categories I resell require so much capital I can only use my profits and buy another $1000 upfront in a month so it is going to take me a much longer time without an infusion of Capital.
Not sure what town or state you are in, but if you are selling clothes, it's easy to find the items for cheap. First thing is stay out of Goodwill and any other thrift stores unless it's a holiday, they do 50 percent off then. You need to buy your clothes from yard sales or the church rummage sale, clothes are usually 1 dollar or less mostly lesser. A great place is the community garage sales, while everyone is looking for video games and iPads. You could buy a week worth of clothes for 25 dollars. I have done this several times.
He said that to start you would need 100 items selling 1 per day which is a 1% sell through rate every day. But to make $2,000/wk you Would need a 3,000 item store selling 30 per day with an average profit of $10 per item.
@@dailyrefinement 😃 going to be joining the group soon! I’ve hit my first $1k gross week. Super exciting and all thanks to you and Tech! You make eBay simple.
@@brush412 ahh ok. This has to be for full time. I want to be full time but I'm stretched thin as is with 225 items currently in my store. Between that and other outles I probably grossed 70k last year. But I just can't see posting 10 items a day everyday. I can do it for a day or two but that's it. I'm venturing into Amazon this fall. Gotta try something else to get to where I could make enough to quit the day job. I'd have to double what I'm doing to cover the pay and advantages my day job has.
@@williamhopkins7065 it’s definitely work and discipline. I don’t do this full time yet. I’m a gig worker and a mom so I’m listing 15 per day. It takes a lot of dedication and time for sure. I think one of the things that have helped me is being a gig worker because then I can source while I’m out. Hoping to one day do this full time. I’m close at reaching it though. Good luck with Amazon! I wouldn’t even know where to begin with that lol
You are assuming one can be an “expert” in the things they list. Also, that we all shop in the stores you mention. I resell vintage and antiques. Not everyday clothing. My reality is different. But I would not change. I do not enjoy the items you sell. I got into this business to enjoy my life more! Please expand….
@@dailyrefinement Oh I hear you. And that’s great. You can do that because you have help. I am small. I couldn’t manage that volume myself. My point is that everyday clothing isn’t an interest for me….unless I’m wearing them. Collectibles are. The only clothing I list, and it’s not a lot, is vintage. I find your general practices helpful and sound. I wish you’d talk sometimes about adapting them to different markets.
@@ronniehalfacre-tellerman5817 2 hours by myself I can cover my bills, I have help so I can make 50x as much money as I need and only work for fun the entire time.
no matter what you say about Line by line invoice lol.. once you said you got all shoes from friends lol..omg you got 1 mil $ shoes from friends? Evidently you had a fishy way
*note instagram.com/technsports is my partner in our ebay Facebook group, not ebay. Spreadsheet available at www.patreon.com/theresellerspodcast.
I just started n have sold 1300 first month in 23 items but I want to start really taking off thank you for your video !
Perhaps one of the best overviews recorded. Great job Chris!
Thank You!
The information you all provide on this channel is invaluable. Thank you so much for sharing your knowledge!
Thanks!
Thank You!
I love your videos, it’s really helped me speed up my progress. Thank you so much!!!
Thanks Chris. Another great video. You are my go-to for practical advice. Clara
Incredible knowledge you have to share! 🔥 the detail in your experience is amazing!! Actually inspired me,!! So I listed my 1st item today!! 🤙
This is awesome! Thanks Chris!
His method actually works, once we stop making excuses and start executing his strategies you will see the reward. I'm currently still a everything seller but I'm slowly seeing what sells best for me with less returns. And I have developed multiple sources to get all the clothes I want. Just have to find a outlet for the cheaper brand clothes that's not worth posting on Ebay.
Nothing wrong with being an everything seller, it’s just less efficient.
Definitely in my goals to narrow down and focus. Your videos always keep me on track thanks Chris!
Thank You!
You are such a great help and inspiration to me thank you for sharing and explaining the best away to list and use Time wisely!
Thank You!
Dang Chris! You keep refining your process toward a pure gold producing machine.
My dude! Thank you for this. I've been having a lot of financial difficulties lately but started an eBay store last year and, with no other options really available to me, I'm about to throw everything I've got into an eBay business. Thank you so much for the clear and concise instruction in your videos. I'm gonna use the knowledge you share, try and make as much money as possible and if I'm successful, I'll send you an email and thank you personally. Maybe buy a pair Jordans too...
Hello Chris thanks for the information I really appreciate you.
Awesome and thank you.
Do you have an inventory system spreadsheet video that you have shared? Specifically for shoes. Right now im just putting them on shoe racks and looking for them
So right now i have 700 listings but im not selling 7 items per day. 90 percent of my store is sneakers and i only sell top brands in great used condition and new. Im feeling a little stumped at the moment. Ive done a bulk price decrease to see if lowering the prices would help but i havent seen much improvement. My photos are great too.
Your sell through rate is always correlated with the market, often shoes at a .3% rate would be considered okay imo. Depends on what it is. Some shoes take years to sell, some never sell, some sell right away.
@@dailyrefinement Thanks bro. Im thinking of joining the facebook group. Im so ready to level up.
As per usual, SOLID advice….🤘🏼🤘🏼
How are you listing 40 items per day? I’ve been doing this for 2 years and have a good work set up but the most I’ve been able to list in one day is 25. That includes creating the listing photos and inventory. Do you have a video on how you list this fast
I’m actually able to ship, photo and list 120 a day. I have videos of my exact process. Just listing, over 200 a day easily.
Start using templates and sell similar items and listing will be like taking a day off. They tell us the secret but we don't hear them because we are going off what we only know. The recipe is sell similar and templates and I promise you, that you will shoot past 25 listings without trying
Keyword is SIMILAR
@@ritasjourney I agree
Does your storage unit actually come with electrical plug-ins or lighting. I'm trying to find a storage unit to set mine up in temporarily but, where I live, they don't come with either one.
Mine does bc I have a commercial unit
I've been trying to figure out how to source online i just don't know how can you show guidance toward that?
It’s complex, but I have guidance on my channel and in my group
How would you over come monthly selling limits? That's the one thing that's really stopping me from getting alot of listings done consistently.i have badic business account and a personal account
Only takes a few months to get it raised to 50,000 items from my experience
@@dailyrefinement thanks for the reply
Hey guys i had a question, I have 1600 items active and listing 20 per day, I am getting less than 8 sales a day. Does anyone think I should reset my store to 0 and start over with a listing goal of 5. I need advice.
If you have 1600 items, that mean you have items that have been listed for over a year. This is the solution. Do a mark down sale, it allows you to mark up to 500 items down up to 90 percent. Cut the price down to 50 percent, yes some items you may lose money once you ship, hopefully you charge for shipping. Either way it's been sitting an no one wants it at that price. The first day of the sale you will see a couple items sell at the 50 percent off, may break even or lose a few dollars. Don't worry ship them out as soon as possible, so Ebay knows your serious about your store. Day 2 you will have a mixture of 50 percent off items and items at full price, assuming the new inventory is not more of the same stuff that's not selling. Day 3 of the sale, now Ebay has taken notice that you are fore real. You will have just as many items sell for full price as you will sell for 50 percent off. If you keep listing quality items every day, eventually all of your marked down items will be sold and you will be left with only full price items in your store, with continued sales of at least 16 items per day. Now if you don't do it exactly like I have told you, don't expect to get the results exactly like I said you will.
One of your previous videos said the white paper is available until the end of July for monthly members is this still the case as I was looking at joining in the next few days
Yes it is, final call
@@dailyrefinement great just signed up looking forward to the group!
Thank You for all your wisdom. Please write a book I will pay $100 for it 😀 I have listened to hours of your content and it is so detailed and motivating
You essentially could flip this schedule and do everything backwards as well. You could do the first few things in the early morning before the thrifts open and then drop off your items sold at the post office on the way to your sourcing route. So drop off at 10am when the P.O opens and then drive to your first location. I recommend having 4-5 different sourcing routes already mapped out. (11-3pm). This also gets you on the road when the traffic isnt so bad. Im in L.A. Once you get back you can do your listings and reset to zero.
That's a different way to look at it. I find listing the hardest part so I like to do that first and use sourcing as a reward.
My problem is, I can't find enough items to actually list, I can manage about 7 items a day that are 10$ profit
Makes sense. Luckily 7 items takes under an hour, so you can devote the rest of the day to looking.
Do you give some training?
So are you listing 40 a day then using scheduler to do another 80 on the weekend? Or schedule 200 just for the weekend.
He divides the 200 by 7 to get a daily listing of 28 to 29. You create 40 a day so you can take weekends off and just make your drafts go live those days. If you want an even number of 30 a day live you would need to draft 210 a week.
As always your advice is super. I'm just really starting out and if I list every day I'm starting to get 1 sale a day and most are over $10. I don't really want to get too big but 1 or 2 sales a day is good for me. You mentioned templates. Could you do a video on how to make them? As usual very good video
Help me
Let us talk about the Elephant in the Room. Unless I missed it I didn't hear anything about Necessary Capital? If you are making $10.00 profit per item and sell through rate of 30% then to get to $2000.00 profit would mean you need
A-Listing at least 800 items
B-You would need to get to achieve ASP of 30.00 less shipping costs 15.00 each & Ebay Fees, 30.00 - 15.00 & -4.50 leaves you about 11.50 less 1.50 investment each item to reach the 10.00 profit per item
C-Investment of 800 items x 1.50 = $1200.00
D- 30% sell through rate at a profit of about 10.00 x 240 = 2400.00
So, if I'm following this along correctly you need $1200.00 in upfront capital and if you can truly source items at an avg. of $15.00 per item then this model can work by taking the 2400.00 in profit to reinvest, scale up, etc. But if you can't source items that low then the scaling is either going to take a lot longer or you need significant Capital to scale up?
Don’t need any cash to do this. I did it from zero. It just takes 2 additional months if you have $0 versus like $1k
@@dailyrefinement Ok, so you are saying you don't need cash if you already have the cash to scale up but just takes longer? But of course you do need the Upfront cash to start off your inventory.
@@scotpederson5932 no you don’t. He sold stuff from around his house first before he bought any inventory elsewhere. And he kept rolling the profits to buy more inventory. His colleague started with $35 buying a cell phone off Craigslist and now makes millions of dollars/year selling used mens clothing.
@@brush412 Yeah, I get all that & have heard those stories. My experience has been that for items I sell for $30-35.00 I rarely if ever come across for $1.50. So there is no way I can scale up fast.
Typically, I can source for something that sells for around $30.00 at about $15.00
If you take 30.00 x 15% off the top then you are left with $25.50 less shipping fees of about $5.00 net is now $20.00 which gives a Final Net of $5.00 profit. So I'm working with about 17% Profit.
If I make a score at $10.00 then my Profit is $10.00 or 33% Profit.
Either way the issue for me is if I were to list 2000 items in a month even at the lower buy rate of $10.00 that's $20,000 upfront.
The takeaway for me is if you get into a Category with a Super low investment cost per item it seems to be much easier to scale. My categories I resell require so much capital I can only use my profits and buy another $1000 upfront in a month so it is going to take me a much longer time without an infusion of Capital.
Not sure what town or state you are in, but if you are selling clothes, it's easy to find the items for cheap. First thing is stay out of Goodwill and any other thrift stores unless it's a holiday, they do 50 percent off then. You need to buy your clothes from yard sales or the church rummage sale, clothes are usually 1 dollar or less mostly lesser. A great place is the community garage sales, while everyone is looking for video games and iPads. You could buy a week worth of clothes for 25 dollars. I have done this several times.
What are your thoughts on a 2.00 .
item that makes a 2.00 Profit but I can get hundreds of them.
Depends
Do you create new account?
No
Beautiful!
Good stuff
How does he say making 2k a week selling 1 thing a day? I hear that correctly?
He said that to start you would need 100 items selling 1 per day which is a 1% sell through rate every day. But to make $2,000/wk you
Would need a 3,000 item store selling 30 per day with an average profit of $10 per item.
@@brush412 thanks Bethany
@@dailyrefinement 😃 going to be joining the group soon! I’ve hit my first $1k gross week. Super exciting and all thanks to you and Tech! You make eBay simple.
@@brush412 ahh ok. This has to be for full time. I want to be full time but I'm stretched thin as is with 225 items currently in my store. Between that and other outles I probably grossed 70k last year. But I just can't see posting 10 items a day everyday. I can do it for a day or two but that's it. I'm venturing into Amazon this fall. Gotta try something else to get to where I could make enough to quit the day job. I'd have to double what I'm doing to cover the pay and advantages my day job has.
@@williamhopkins7065 it’s definitely work and discipline. I don’t do this full time yet. I’m a gig worker and a mom so I’m listing 15 per day. It takes a lot of dedication and time for sure. I think one of the things that have helped me is being a gig worker because then I can source while I’m out. Hoping to one day do this full time. I’m close at reaching it though. Good luck with Amazon! I wouldn’t even know where to begin with that lol
You are assuming one can be an “expert” in the things they list. Also, that we all shop in the stores you mention. I resell vintage and antiques. Not everyday clothing. My reality is different. But I would not change. I do not enjoy the items you sell. I got into this business to enjoy my life more!
Please expand….
I think you enjoy your life less than me. Being an expert means I’m done in 2 hours a day.
@@dailyrefinement
Oh I hear you. And that’s great. You can do that because you have help. I am small. I couldn’t manage that volume myself.
My point is that everyday clothing isn’t an interest for me….unless I’m wearing them. Collectibles are.
The only clothing I list, and it’s not a lot, is vintage. I find your general practices helpful and sound. I wish you’d talk sometimes about adapting them to different markets.
@@ronniehalfacre-tellerman5817 2 hours by myself I can cover my bills, I have help so I can make 50x as much money as I need and only work for fun the entire time.
👍
no matter what you say about Line by line invoice lol.. once you said you got all shoes from friends lol..omg you got 1 mil $ shoes from friends? Evidently you had a fishy way
Awesome information!!! Thank you to @Pelayotech for putting me up on game with daliy refinement.