Hi Mogi! I love this series. The pandemic cost me and all of my colleagues our jobs. I started reselling and now I've been reselling for 4 months. Two months ago I transitioned from an in betweener to a High ASP module. I never thought I could actually do this for a living but I am now dedicated to doing this full time! :) I've started posting regularly about my experience on my channel and instagram, but I needed to tell you, you have been my number one resource for help and motivation! Keep going, you are amazing! :)
Mogi. You have been blessed by the Lordt with SUCH a business mind. I’ve been reselling for just shy of 3 years and this is HANDS DOWN the best video I’ve watched relative to our field. I am recognizing some things and this is gold. I would love to hear your outlook on transitioning customers and followers from a Low COGs models into a High ASP once capital is available. Be blessed girl. You’ve helped SO many people today
That is such a good topic Sara! I started my business with rock bottom prices, since all of my inventory was donated/free. I built up a lot of repeat customers, but I'm now sourcing much more expensive items. The transition hasn't been easy, as buyers are still expecting the same prices!
This was a great promo/teaser for your course. Such good information. I was an in-betweener and found myself barely making a profit, and spending a lot of time listing and sourcing for very little return, and getting frustrated. This year I switched to low COGS and that's going to be the plan until I build enough capital to re-evaluate my business model. Excited for you and Matt! Congrats on your course!
Wow, Mogi! I can definitely tell you've done years of research and I thank you so much for offering this video for free. I have learned a lot. I think when I first started on my journey as a reseller, I was all over the place bc I didn't know what I was doing. I naturally began to gravitate toward the High ASP model, probably because I prefer to list things that I myself like/would actually wear. I think as a full-time graduate student, this is also the best model for me bc it requires less time spent on things like listing and shipping. I may have to pay more upfront and wait a little longer to make sales with the High ASP model, but at the end of the day, I am getting to list what I love and I have more time to do focus elsewhere. Not to mention, in the long-run, I end up making more money.
Thank you for reassuring me that profit will come with a high ASP model, but it will take time! Living in California, I knew I really only had one option with a business model. The closest goodwill outlet to me is an hour away and it would be VERY difficult to have a average COG below $7. Location is a huge factor when choosing which model is best for you. Can’t wait to purchase your course! 🤗 -Faith
YES!! Exactly! The video right after this one goes into this very topic about choosing the right model for you! And yes, I took a big leap of faith when I transitioned over to High ASP but it did pay off! In time! 💗
This is hands down my absolute favorite video of yours so far, and you have A LOT of good ones, I’m all ears to learn more about your course and I’m very happy for you and Matt both, this is exciting🎉🎉🎉congrats
Thank you for this information! I started reselling a few months ago and I bought high end things to sell and was wondering why they were not selling at the rate as other things. But the way you broke the high asp down and the sell through rate it makes a lot of sense! After watching this video I feel more confidant in just being patient in my journey and that slow and steady wins the race! Thank you so much for this! 💫
I absolutely adore the way matt and you set it up. It has made me take a step back and observe my situation. I am totally a low COGS chick rn but strive for my goal of one day being a high ASP! THANKS SO MUCH
You’re so accurate 💯 I’ll be buying more from the goodwill outlets even though the quality is not so great you literally have to look really good for great pieces
I'm a part-time reseller (transitioning from hobbie reseller) and your videos are always so incredibly helpful. Even though I know I'm not going full time anytime soon, I know your course will be full of great information and I can't wait to purchase it!! You're brilliant girl!
I feel like I'm in between but not in the way explained here. My business is half and half. Alot of my COGs are at or around $1-$3 but I also retail arbitrage and thrift some higher COG items around $12-$16 but they do sell for $50-$125 on average. While I love the goodwill bins they don't allow children In ours, for obvious reasons, so I rarely can go. And children can only ask about an hour in a cart in the store then they are totally done. So I hit up 90% off sales at other thrift stores and grab larger amounts of items in one go very quickly and I do this a few times a year meaning massive death pile for a week or so and days of listing hundreds of items in one weekend rather than a few items a day. I honestly am kind of straddling a few business models untill all my kids are in school so I can thrift more regularly and be more picky.
Omg you are a gift from above. Thank you for literally plotting the points on a graph so my brain finally did the A-HA! thing I’ve been waiting for! (Drugs are bad, m’kay? 🤪)
Hello 👋 how are you doing today? I hope 🤞 this year brings happiness, peace and love all over the world 🌎 I’m originally from Canada 🇨🇦 grow up in Fort Worth Texas, currently living in Key West Florida. Where are you from if i may ask?😊😊
Thanks for all of your amazing videos. I LOVE your enthusiasm! Your vids have helped me alot as I'm just getting started and need some guidance! Thank you Mogi Beth! You ROCK!!
Hello 👋 how are you doing today? I hope 🤞 this year brings happiness, peace and love all over the world 🌎 I’m originally from Canada 🇨🇦 grow up in Fort Worth Texas, currently living in Key West Florida. Where are you from if i may ask?😊😊
Fairly new to reselling, new to your channel, and just wanted to say - absolutely love it. When I first started reselling I watched a few TH-cam videos (I like learning in the background while I'm organizing inventory/packing for shipping etc). I quickly got bored with so many videos giving the same generic advice. I stumbled across your channel yesterday and it has re-inspired me to watch reselling videos on TH-cam (mostly yours lol). Thanks for taking the time and effort to create content that is actually useful!
Hello 👋 how are you doing today? I hope 🤞 this year brings happiness, peace and love all over the world 🌎 I’m originally from Canada 🇨🇦 grow up in Fort Worth Texas, currently living in Key West Florida. Where are you from if i may ask?😊😊
Watched your video and you were talking about sourcing. Free inventory, half price sale, goodwill outlets, garage sales ext. also estate sales is another place for sourcing.
Gosh, I have only been sourcing at the bins and half price at Goodwill because I wanted to start my business on a tight business......no idea that was my business model. I am looking forward to taking your course! Thank you for all you do!
Oh my goodness! Sign me up! I'm so ready for the course. I can tell this is exactly what I need to move my business forward. I can't say thank you enough for offering this. I have loved your spreadsheet and all your content on your channel. Thank you, thank you!!
Thanks so much Mogi Beth. I bought the spread sheet. So ready to amp up our game and work towards a full time living as a reseller. Your awesome! Renae
Mogi, you are the best. You're smart and so thorough and that's necessary for any business plan to be successful. I've learned so much from you and hope to continue to learn from whatever that brilliant mind of yours has to say.
Mogi you are so full of wisdom! I learn so much from you. I appreciate your business background and how you share it with us in a way that’s easy to understand.
Hello 👋 how are you doing today? I hope 🤞 this year brings happiness, peace and love all over the world 🌎 I’m originally from Canada 🇨🇦 grow up in Fort Worth Texas, currently living in Key West Florida. Where are you from if i may ask?😊😊
Hello 👋 how are you doing today? I hope 🤞 this year brings happiness, peace and love all over the world 🌎 I’m originally from Canada 🇨🇦 grow up in Fort Worth Texas, currently living in Key West Florida. Where are you from if i may ask?😊😊😊
This is SUCH good info!! I feel super lucky to source in an area (Boston) that has awesome thrifting so I'm lucky enough to have a high asp with an in betweenish COG and a good sell through rate but this is also inspiring me to supplement by "paying up" for certain items so I can keep my ASP even higher since I don't have an easy way to lower my cost of goods. Thanks for the motivation, Mogi!! :)
oof the in betweener model hit too close to home 😅😅😅😅 during the summer i'm primarily a low COG model because of yard sales/garage sales....but living in the PNW, those don't happen in fall / winter time cause of the weather LOL so then i'm back to being an inbetweener fall/winter time. i really analyzed going to high ASP about a month or so ago, so i've been trying to incorporate more of that! you are SO knowledgeable! can't wait to hear more about the course! 💛
Although I think I’m an in betweener when I look at my AVG COGs they are less than $2, so I guess I’m a bit closer to low COG. Just started sourcing at the bins. High ASP is super stressful to me since I don’t know the brands well yet. I expect that I may switch later on, but I do enjoy the bins.
I guess I have a unicorn because my overhead is nothing more than gas/car maintenance. However I’ve also been a reseller for almost 30 years now & I’m a bit of a beast for this reason. I also time capsuled single stitch band tees back in the 90’s and that alone has made me more money than I care to mention (because it’s literally disgusting). Highly recommend air tight time capsules, y’all! I also have almost zero waste because of all of the levels of sales platforms my inventory eventually goes thru. And I don’t even bother to sell online on Poshmark or eBay anymore! 🤣 Between Marketplace & garage sales it almost all gets sold in the end. Just some food for thought for anyone who needed to hear this. Oh snap… I actually sell to resale stores for the most part, btw. So I’m only getting 30-35% of selling price in cash or 50% in trade (which I often flip between stores too). But when places like Wasteland are selling arena rock concert tees for $200 retail & they give me 35% cash on the spot you can see why I tend to opt to not sit on my merch for the most part. I’m fine with instantly making $70 per shirt & skipping all the work that used to drive me crazy about online sales. Okay, but again, I hope this info finds the right people who needed to hear all of this… you def have options, my fellow reseller.
Hello 👋 how are you doing today? I hope 🤞 this year brings happiness, peace and love all over the world 🌎 I’m originally from Canada 🇨🇦 grow up in Fort Worth Texas, currently living in Key West Florida. Where are you from if i may ask?😊😊
Hi Mogi :) As a new Posher, I have been devouring your videos and of course, have learnt so much. Can you kindly clarify something? I completely agree that sharing other people's closet is a waste and does nothing to increase anyone's sales; so what would you recommend a new posher do to increase closet visibility and eventually increase sales. Thank you!
My business model is not defined. haha I do a little bit of everything. I do retail arbitrage, bins shopping and sometimes buy something for $7 to sell for $25 if I know for sure that is a quick flip. I feel that my low cost items keep things moving while I wait for the high dollar sales. Very good video!
Hello 👋 how are you doing today? I hope 🤞 this year brings happiness, peace and love all over the world 🌎 I’m originally from Canada 🇨🇦 grow up in Fort Worth Texas, currently living in Key West Florida. Where are you from if i may ask?😊😊😊
I’ve been thinking about this all night. 😂 No need to answer if it’s revealed in the course, but if not... is it beneficial to create a hybrid of low cogs low asp (most available in my area & circumstances), and adding the higher cogs as I can find them? Or does that just wind me up in the same in-betweener category? I’ve been stuck there for a couple years without realizing until you pointed it out!
Never mind!! You answered it! Don’t know why I didn’t see this portion yesterday! You’re the first I’ve seen come at this from such a professional business manner. Can’t wait for the course!
Hello 👋 how are you doing today? I hope 🤞 this year brings happiness, peace and love all over the world 🌎 I’m originally from Canada 🇨🇦 grow up in Fort Worth Texas, currently living in Key West Florida. Where are you from if i may ask?😊😊
I'm assuming that the High ASP customers don't low-ball because they are not on a strict budget. Do you receive most of those sales at your full asking price? Thank you for sharing your wisdom with everyone.
Hello 👋 how are you doing today? I hope 🤞 this year brings happiness, peace and love all over the world 🌎 I’m originally from Canada 🇨🇦 grow up in Fort Worth Texas, currently living in Key West Florida. Where are you from if i may ask?😊😊
Love your videos! Just started reselling but have mostly sold on Vestiaire. I’m not based in USA and can’t access Poshmark . Are there any Alternatives to generate more sales via other platforms and achieve the same outcome without Poshmark?
Thank you for this! I’m an in-betweener and have been considering sourcing higher end, but there’s a learning curve for me and the investment makes me nervous. This is making me think it’ll be worth it!
Hello 👋 how are you doing today? I hope 🤞 this year brings happiness, peace and love all over the world 🌎 I’m originally from Canada 🇨🇦 grow up in Fort Worth Texas, currently living in Key West Florida. Where are you from if i may ask?😊😊
Thank you for this video! I just started to use the spreadsheet. Is it normal to have a low sell through rate your first couple months while you build inventory? I’ve been listing sooooo much (started with 200 items this month and am at 370), but that has made my sell through rate definitely go down.
Hello! Matt here, yes any sudden growth will result in a temporary decrease in sell through rate for two reasons. 1) This is a smaller point especially with regards to you beginning to grow your closet, however I think it is worth mentioning. There is usually a slight diminishing returns to the items you list. Meaning, if your "better" items sell quicker because they are better, naturally your remaining closet would be of less attractive items that take longer to sell. But more importantly 2) There is a lag between you listing an item and it selling. And we measure that by average and median sales days on your spreadsheet. So if the majority of your closet takes 45 days to sell, and you list a bunch of items this month, you won't see the majority of those items sell until a couple of months pass by. So what we have here is you growing your inventory size (as being recorded in THIS month) before allowing enough time to pass for their corresponding sales to occur (which will be recorded in future months), hence driving down the sellthrough rate. So while we would love to retain a constant sell through rate, we find that that is just not the case if you are trying to grow. Hope this helps!
Hello 👋 how are you doing today? I hope 🤞 this year brings happiness, peace and love all over the world 🌎 I’m originally from Canada 🇨🇦 grow up in Fort Worth Texas, currently living in Key West Florida. Where are you from if i may ask?😊😊
Great breakdown of all aspects of this. Personally, I am watching the markets and what is happening with the pandemic (not at all political just reality) people are looking for clothes that are, during these times, more versatile as far as workwear, and casual wear, and seeking a lower price point overall. Watching all of this even more carefully: how is the economy truly responding as we are possibly looking at this going into 2021, and perhaps beyond as a vaccine implementation is a roll of the dice: when will a safe vaccine be available? (I can speak to this as I have a medical background and right now as of today, we do not, and that for me knowing the science and knowing where we are in treatment and vaccine development is disturbing-- will we be living with this as the new normal forever? as you know for some viruses we have not been able to develop a vaccine and we change our lives to live with it) will a vaccine be accepted to really make a difference and how fast? how fast will it get to the average person? will the average person actually take advantage of it? The economy is one part of it, and but a LARGE part of it. I watch the markets and that does affect the mindset of the buyer, if they are aware of it or not (some do not follow and I get that but job loss and even being furloughed for short time can be devastating and make purchases like clothing seem like a trivial expense except for what is needed. That target market for fast fashion, luxury items, or having a name brand (that is 'trending') is nervous right now --- watching and waiting to see what will happen in the weeks well into November, and December, economists worldwide are discussing how things will look different for some time if not for all time (i.e. companies realizing that work from home is fine, and "office" wear is well not a thing much anymore. What will people value after this and reality sets in, I know of several formal events /galas (fundraisers) that will never happen again, and that is just the writing on the wall. Time will tell, and this is a volatile time. Again great info would totally work minus the pandemic economic impact. My thought is what you present, again, is very smart and well thought out, however, I am looking at the entire picture going into 2021, and hoping for the best. Thanks again, always well-planned videos with excellent visuals!
To everyone out their(resellers), if you want your items to be listed fast and accurate, which boosts your sales, let me know we provide VA's who can do it on your behalf, so that you can have more sales more time for thrifting
Hey there! This is a preview of the course! The course hasn't launched yet and what the video is referring to are the exercises and resources that come with the course, not on TH-cam! Sorry for the confusion!
Hello everyone - could anyone please please please recommend a VA or someone to share my closet? I am paying RA and they are not sharing my closet. Thank you for any referrals.
Hi Mogi! I love this series. The pandemic cost me and all of my colleagues our jobs. I started reselling and now I've been reselling for 4 months. Two months ago I transitioned from an in betweener to a High ASP module. I never thought I could actually do this for a living but I am now dedicated to doing this full time! :) I've started posting regularly about my experience on my channel and instagram, but I needed to tell you, you have been my number one resource for help and motivation! Keep going, you are amazing! :)
Mogi. You have been blessed by the Lordt with SUCH a business mind. I’ve been reselling for just shy of 3 years and this is HANDS DOWN the best video I’ve watched relative to our field. I am recognizing some things and this is gold. I would love to hear your outlook on transitioning customers and followers from a Low COGs models into a High ASP once capital is available. Be blessed girl. You’ve helped SO many people today
Thank you so much!!! That means a lot! And that's a great topic suggestion!!
That is such a good topic Sara! I started my business with rock bottom prices, since all of my inventory was donated/free. I built up a lot of repeat customers, but I'm now sourcing much more expensive items. The transition hasn't been easy, as buyers are still expecting the same prices!
LOVE how much you talk about strategy. This is so valuable!
Thank you so much Ari!!!
This was a great promo/teaser for your course. Such good information. I was an in-betweener and found myself barely making a profit, and spending a lot of time listing and sourcing for very little return, and getting frustrated. This year I switched to low COGS and that's going to be the plan until I build enough capital to re-evaluate my business model. Excited for you and Matt! Congrats on your course!
Thank you so much!! Yesss! That's such a great strategic pivot! I'm happy you figured that out sooner rather than later 👍
I’ve been casually on Poshmark for 3 years but I’m starting to become more serious because of your videos. I’m exciting for you course!
Yay!!! So happy to hear that!! Thank you :)
Wow, Mogi! I can definitely tell you've done years of research and I thank you so much for offering this video for free. I have learned a lot. I think when I first started on my journey as a reseller, I was all over the place bc I didn't know what I was doing. I naturally began to gravitate toward the High ASP model, probably because I prefer to list things that I myself like/would actually wear. I think as a full-time graduate student, this is also the best model for me bc it requires less time spent on things like listing and shipping. I may have to pay more upfront and wait a little longer to make sales with the High ASP model, but at the end of the day, I am getting to list what I love and I have more time to do focus elsewhere. Not to mention, in the long-run, I end up making more money.
Thank you for reassuring me that profit will come with a high ASP model, but it will take time! Living in California, I knew I really only had one option with a business model. The closest goodwill outlet to me is an hour away and it would be VERY difficult to have a average COG below $7. Location is a huge factor when choosing which model is best for you. Can’t wait to purchase your course! 🤗 -Faith
YES!! Exactly! The video right after this one goes into this very topic about choosing the right model for you! And yes, I took a big leap of faith when I transitioned over to High ASP but it did pay off! In time! 💗
BEST video of yours so far, and BEST video I've seen regarding reselling! I wish this video was available two years ago when I started! Great job!!!!
This is hands down my absolute favorite video of yours so far, and you have A LOT of good ones, I’m all ears to learn more about your course and I’m very happy for you and Matt both, this is exciting🎉🎉🎉congrats
Yayyy! Thank you so much!! That means a lot! 😊💗
Thank you for this information! I started reselling a few months ago and I bought high end things to sell and was wondering why they were not selling at the rate as other things. But the way you broke the high asp down and the sell through rate it makes a lot of sense! After watching this video I feel more confidant in just being patient in my journey and that slow and steady wins the race! Thank you so much for this! 💫
I absolutely adore the way matt and you set it up. It has made me take a step back and observe my situation. I am totally a low COGS chick rn but strive for my goal of one day being a high ASP! THANKS SO MUCH
You’re so accurate 💯 I’ll be buying more from the goodwill outlets even though the quality is not so great you literally have to look really good for great pieces
thank you!!! Yes, if you have a goodwill outlet in your area, that's definitely a competitive advantage for the Low COGS model!
I'm a part-time reseller (transitioning from hobbie reseller) and your videos are always so incredibly helpful. Even though I know I'm not going full time anytime soon, I know your course will be full of great information and I can't wait to purchase it!! You're brilliant girl!
💗yay! thank you so much!!! You're the best!!
I feel like I'm in between but not in the way explained here. My business is half and half. Alot of my COGs are at or around $1-$3 but I also retail arbitrage and thrift some higher COG items around $12-$16 but they do sell for $50-$125 on average.
While I love the goodwill bins they don't allow children In ours, for obvious reasons, so I rarely can go. And children can only ask about an hour in a cart in the store then they are totally done. So I hit up 90% off sales at other thrift stores and grab larger amounts of items in one go very quickly and I do this a few times a year meaning massive death pile for a week or so and days of listing hundreds of items in one weekend rather than a few items a day. I honestly am kind of straddling a few business models untill all my kids are in school so I can thrift more regularly and be more picky.
Do you still have the spreadsheet for sale? Can’t find it on your website.
Omg you are a gift from above. Thank you for literally plotting the points on a graph so my brain finally did the A-HA! thing I’ve been waiting for! (Drugs are bad, m’kay? 🤪)
Hello 👋 how are you doing today? I hope 🤞 this year brings happiness, peace and love all over the world 🌎 I’m originally from Canada 🇨🇦 grow up in Fort Worth Texas, currently living in Key West Florida. Where are you from if i may ask?😊😊
I'm going to watch this again. Thanks, Morgan!!!
So happy to hear! Thanks Jerel!!
OMG! Love all this!! Tempting to think about buying the course! I hope it doesn't cost an arm and a leg! I am definitely one of those low COG seller!
YAY!! Happy to hear this was helpful :) yess more details on the price, launch date, etc coming soon!!
Thanks for all of your amazing videos. I LOVE your enthusiasm! Your vids have helped me alot as I'm just getting started and need some guidance! Thank you Mogi Beth! You ROCK!!
This was such a great video! Yes, I am definitely one of the low COGS resellers - your description fit me to a t! I've had great luck with free (or
Hello 👋 how are you doing today? I hope 🤞 this year brings happiness, peace and love all over the world 🌎 I’m originally from Canada 🇨🇦 grow up in Fort Worth Texas, currently living in Key West Florida. Where are you from if i may ask?😊😊
Fab Video! High ASP is the way forward. Walking it out in faith, gotta be patient :)
Super valuable! Buy the spreadsheet you guys!!
Thank you so much!! Yess I'm happy I transitioned to High ASP but it definitely took a leap of faith (and some financial projections lol)
I'm so excited to learn more about this course! It's going to be hard to wait another week for more info! Thank you so much for the content
Omg thank you!! This made me smile from ear to ear! Stay tuned! 😊
Thank you for this video! Im going to rethink my strategy. The only reason I havent given up on poshmark is that its so easy to list. Ill keep trying😊
Yess!! The beauty of reselling is you can always pivot your strategy 👏
Yay!! You always so smart giving us helpful advices. Can't wait to buy your course.
💗😊you're the best! Thank you!!
Fairly new to reselling, new to your channel, and just wanted to say - absolutely love it. When I first started reselling I watched a few TH-cam videos (I like learning in the background while I'm organizing inventory/packing for shipping etc). I quickly got bored with so many videos giving the same generic advice. I stumbled across your channel yesterday and it has re-inspired me to watch reselling videos on TH-cam (mostly yours lol). Thanks for taking the time and effort to create content that is actually useful!
Hello 👋 how are you doing today? I hope 🤞 this year brings happiness, peace and love all over the world 🌎 I’m originally from Canada 🇨🇦 grow up in Fort Worth Texas, currently living in Key West Florida. Where are you from if i may ask?😊😊
Watched your video and you were talking about sourcing. Free inventory, half price sale, goodwill outlets, garage sales ext. also estate sales is another place for sourcing.
You rock those flowy, romantic aesthetic sleeves really well. For some reason I always think you look like the Taylor Swift of reselling.
😄😄😄 thank you!! I do love that flowy romantic aesthetic
Gosh, I have only been sourcing at the bins and half price at Goodwill because I wanted to start my business on a tight business......no idea that was my business model. I am looking forward to taking your course! Thank you for all you do!
Yessss 👏 that’s awesome!!! Thank you! 😊 stay tuned!
This is gold. Thank you for the information Mogi!!
I was confused! I thought you were doing this module now! I spent 20 minutes looking for the resources tab! LOL
LOL oh no!! Sorry! I should have made that more clear in the intro!
@@MogiBeth I purchased the spreadsheet and I can't wait to start using it! Thanks!
Omg me too
same--looked for resources tab for 10 min!
Oh my goodness! Sign me up! I'm so ready for the course. I can tell this is exactly what I need to move my business forward. I can't say thank you enough for offering this. I have loved your spreadsheet and all your content on your channel. Thank you, thank you!!
I always like your videos before I even start watching because I know it will be GREAT!! I save them to my watch list.
Me too🙂 even if i live in Germany, it helps a lot
Thanks so much Mogi Beth. I bought the spread sheet. So ready to amp up our game and work towards a full time living as a reseller. Your awesome! Renae
👏👏👏yesssss!! That’s awesome!
Just now finding you and I'm obsessed!! Is your course still available? I'm not able to find it on your website!
Just finding you now and I don't see the exercise you speak of to complete. Has it been removed? Thanks!
I think the low cost of goods at $1 isn't realistic long term even if using the bins as a source.
Mogi, you are the best. You're smart and so thorough and that's necessary for any business plan to be successful. I've learned so much from you and hope to continue to learn from whatever that brilliant mind of yours has to say.
Love this. I cannot find the reseller spreadsheet. can you provide the link?
Absolutely a must see for resellers! Your are a fabulous teacher and practitioner!!
Mogi you are so full of wisdom! I learn so much from you. I appreciate your business background and how you share it with us in a way that’s easy to understand.
💗thank you!!! That really means a lot!
Hello 👋 how are you doing today? I hope 🤞 this year brings happiness, peace and love all over the world 🌎 I’m originally from Canada 🇨🇦 grow up in Fort Worth Texas, currently living in Key West Florida. Where are you from if i may ask?😊😊
You are truly amazing! This was fantastic! 💕
Ok. I’m going to have to watch this again because I was not prepared for the wealth of info!
Hello 👋 how are you doing today? I hope 🤞 this year brings happiness, peace and love all over the world 🌎 I’m originally from Canada 🇨🇦 grow up in Fort Worth Texas, currently living in Key West Florida. Where are you from if i may ask?😊😊😊
Hi,thanks. I have to practice to the good will.I spend 3 hours.
Can't wait for the course launch!!
This is awesome information! Thank you so much Mogi Beth, I’m gonna watch it again
💗😊yay!! So happy to hear! Thank you!
This is SUCH good info!! I feel super lucky to source in an area (Boston) that has awesome thrifting so I'm lucky enough to have a high asp with an in betweenish COG and a good sell through rate but this is also inspiring me to supplement by "paying up" for certain items so I can keep my ASP even higher since I don't have an easy way to lower my cost of goods. Thanks for the motivation, Mogi!! :)
Yessss!! That’s awesome! So important to know your competitive advantages and double down on them!
oof the in betweener model hit too close to home 😅😅😅😅 during the summer i'm primarily a low COG model because of yard sales/garage sales....but living in the PNW, those don't happen in fall / winter time cause of the weather LOL so then i'm back to being an inbetweener fall/winter time. i really analyzed going to high ASP about a month or so ago, so i've been trying to incorporate more of that! you are SO knowledgeable! can't wait to hear more about the course! 💛
Lol yesss I know what you mean! If you don’t have the bins, finding cheap enough inventory can be hard for Low COGS! Thank you so much! Stay tuned!! 😊
You are amazing . This is so informative and educational. Thank you.
I’ve watched 3 times. I’m chompin at the bit for this course to drop!!!!!
You’re amazing thank you so much for your lessons. So refreshing 🤗🤗🤗
Thank you so much!!! 💗 💗 💗
Although I think I’m an in betweener when I look at my AVG COGs they are less than $2, so I guess I’m a bit closer to low COG. Just started sourcing at the bins. High ASP is super stressful to me since I don’t know the brands well yet. I expect that I may switch later on, but I do enjoy the bins.
Yesss! I'd say you're Low COGS! It's a great model--especially if you list at a higher volume! It's low risk and money in your pocket immediately 😍
I guess I have a unicorn because my overhead is nothing more than gas/car maintenance. However I’ve also been a reseller for almost 30 years now & I’m a bit of a beast for this reason. I also time capsuled single stitch band tees back in the 90’s and that alone has made me more money than I care to mention (because it’s literally disgusting). Highly recommend air tight time capsules, y’all! I also have almost zero waste because of all of the levels of sales platforms my inventory eventually goes thru. And I don’t even bother to sell online on Poshmark or eBay anymore! 🤣 Between Marketplace & garage sales it almost all gets sold in the end. Just some food for thought for anyone who needed to hear this. Oh snap… I actually sell to resale stores for the most part, btw. So I’m only getting 30-35% of selling price in cash or 50% in trade (which I often flip between stores too). But when places like Wasteland are selling arena rock concert tees for $200 retail & they give me 35% cash on the spot you can see why I tend to opt to not sit on my merch for the most part. I’m fine with instantly making $70 per shirt & skipping all the work that used to drive me crazy about online sales. Okay, but again, I hope this info finds the right people who needed to hear all of this… you def have options, my fellow reseller.
Thank u so much for making this information bite size and easy to understand!! Much love from Canada xox
Hello 👋 how are you doing today? I hope 🤞 this year brings happiness, peace and love all over the world 🌎 I’m originally from Canada 🇨🇦 grow up in Fort Worth Texas, currently living in Key West Florida. Where are you from if i may ask?😊😊
That outro with the pupster was EVERYTHING! lol love your channel!
So much awesome info! Thank you so much for these videos!
Hi Mogi :)
As a new Posher, I have been devouring your videos and of course, have learnt so much. Can you kindly clarify something? I completely agree that sharing other people's closet is a waste and does nothing to increase anyone's sales; so what would you recommend a new posher do to increase closet visibility and eventually increase sales. Thank you!
My business model is not defined. haha I do a little bit of everything. I do retail arbitrage, bins shopping and sometimes buy something for $7 to sell for $25 if I know for sure that is a quick flip. I feel that my low cost items keep things moving while I wait for the high dollar sales. Very good video!
Hello 👋 how are you doing today? I hope 🤞 this year brings happiness, peace and love all over the world 🌎 I’m originally from Canada 🇨🇦 grow up in Fort Worth Texas, currently living in Key West Florida. Where are you from if i may ask?😊😊😊
I can’t find anything on the resource page except the 50 bolo brand list and the spreadsheet. Am I in the right spot?
Yes!! The course isn’t out yet! But coming soon!
@@MogiBeth ok I misunderstood. I was in real time ready to go girl! LOL. Looking very forward to the education!
Soooo helpful and eye opening! Thank you for the excellent and well made content!❤️❤️❤️
😊💗 yay!! So happy to hear that! Thank you!
I’ve been thinking about this all night. 😂 No need to answer if it’s revealed in the course, but if not... is it beneficial to create a hybrid of low cogs low asp (most available in my area & circumstances), and adding the higher cogs as I can find them? Or does that just wind me up in the same in-betweener category? I’ve been stuck there for a couple years without realizing until you pointed it out!
Never mind!! You answered it! Don’t know why I didn’t see this portion yesterday! You’re the first I’ve seen come at this from such a professional business manner. Can’t wait for the course!
Hello 👋 how are you doing today? I hope 🤞 this year brings happiness, peace and love all over the world 🌎 I’m originally from Canada 🇨🇦 grow up in Fort Worth Texas, currently living in Key West Florida. Where are you from if i may ask?😊😊
Sorry if you stated this simply and I missed it. What sell price would qualify as high asp?
Anxious to see your price of the course!
Yay!! Stay tuned!
I'm assuming that the High ASP customers don't low-ball because they are not on a strict budget. Do you receive most of those sales at your full asking price? Thank you for sharing your wisdom with everyone.
Hello 👋 how are you doing today? I hope 🤞 this year brings happiness, peace and love all over the world 🌎 I’m originally from Canada 🇨🇦 grow up in Fort Worth Texas, currently living in Key West Florida. Where are you from if i may ask?😊😊
Love your videos! Just started reselling but have mostly sold on Vestiaire. I’m not based in USA and can’t access Poshmark . Are there any Alternatives to generate more sales via other platforms and achieve the same outcome without Poshmark?
Thank you for this! I’m an in-betweener and have been considering sourcing higher end, but there’s a learning curve for me and the investment makes me nervous. This is making me think it’ll be worth it!
Hello 👋 how are you doing today? I hope 🤞 this year brings happiness, peace and love all over the world 🌎 I’m originally from Canada 🇨🇦 grow up in Fort Worth Texas, currently living in Key West Florida. Where are you from if i may ask?😊😊
Thank you for this video! I just started to use the spreadsheet. Is it normal to have a low sell through rate your first couple months while you build inventory? I’ve been listing sooooo much (started with 200 items this month and am at 370), but that has made my sell through rate definitely go down.
Hello! Matt here, yes any sudden growth will result in a temporary decrease in sell through rate for two reasons.
1) This is a smaller point especially with regards to you beginning to grow your closet, however I think it is worth mentioning. There is usually a slight diminishing returns to the items you list. Meaning, if your "better" items sell quicker because they are better, naturally your remaining closet would be of less attractive items that take longer to sell. But more importantly
2) There is a lag between you listing an item and it selling. And we measure that by average and median sales days on your spreadsheet. So if the majority of your closet takes 45 days to sell, and you list a bunch of items this month, you won't see the majority of those items sell until a couple of months pass by. So what we have here is you growing your inventory size (as being recorded in THIS month) before allowing enough time to pass for their corresponding sales to occur (which will be recorded in future months), hence driving down the sellthrough rate.
So while we would love to retain a constant sell through rate, we find that that is just not the case if you are trying to grow.
Hope this helps!
Love this video! It inspired me to hit the bins and do retail arbitrage more often. Thank you!
Hello 👋 how are you doing today? I hope 🤞 this year brings happiness, peace and love all over the world 🌎 I’m originally from Canada 🇨🇦 grow up in Fort Worth Texas, currently living in Key West Florida. Where are you from if i may ask?😊😊
Best video I have seen in so long. This was amazing.
This video is incredible 🙉 I feel bad 😢 I never thought about a business model 🙈😫
Yes spreadsheet is amazing
How do you ship wedding gowns?
Love ur ruffled shoulder dress Mogi! your always well dressed & classy style👌✨
Great breakdown of all aspects of this. Personally, I am watching the markets and what is happening with the pandemic (not at all political just reality) people are looking for clothes that are, during these times, more versatile as far as workwear, and casual wear, and seeking a lower price point overall. Watching all of this even more carefully: how is the economy truly responding as we are possibly looking at this going into 2021, and perhaps beyond as a vaccine implementation is a roll of the dice: when will a safe vaccine be available? (I can speak to this as I have a medical background and right now as of today, we do not, and that for me knowing the science and knowing where we are in treatment and vaccine development is disturbing-- will we be living with this as the new normal forever? as you know for some viruses we have not been able to develop a vaccine and we change our lives to live with it) will a vaccine be accepted to really make a difference and how fast? how fast will it get to the average person? will the average person actually take advantage of it? The economy is one part of it, and but a LARGE part of it. I watch the markets and that does affect the mindset of the buyer, if they are aware of it or not (some do not follow and I get that but job loss and even being furloughed for short time can be devastating and make purchases like clothing seem like a trivial expense except for what is needed. That target market for fast fashion, luxury items, or having a name brand (that is 'trending') is nervous right now --- watching and waiting to see what will happen in the weeks well into November, and December, economists worldwide are discussing how things will look different for some time if not for all time (i.e. companies realizing that work from home is fine, and "office" wear is well not a thing much anymore. What will people value after this and reality sets in, I know of several formal events /galas (fundraisers) that will never happen again, and that is just the writing on the wall. Time will tell, and this is a volatile time. Again great info would totally work minus the pandemic economic impact. My thought is what you present, again, is very smart and well thought out, however, I am looking at the entire picture going into 2021, and hoping for the best. Thanks again, always well-planned videos with excellent visuals!
Can you add Curtsy to the spread sheet
Mogi. Being an inbetweener is hard lol. Thank you so much for making this video!! Fantastic as always.
Lol thank you so much!!!
To everyone out their(resellers), if you want your items to be listed fast and accurate, which boosts your sales, let me know we provide VA's who can do it on your behalf, so that you can have more sales more time for thrifting
Great information! Thank you!
Thank you so much!!
Idk what I'm doing wrong but I cant find a resources tab and everytime I hit the blue links it takes me to the spreadsheet
Hey there! This is a preview of the course! The course hasn't launched yet and what the video is referring to are the exercises and resources that come with the course, not on TH-cam! Sorry for the confusion!
Great info! Thanks
Thank you so much 😊💗
Hello everyone - could anyone please please please recommend a VA or someone to share my closet? I am paying RA and they are not sharing my closet. Thank you for any referrals.
Prettibone is who I use. Happy with their sharing.
Unicorn 🦄 sales model preferably
The opposite of Hannah Montana is Anatnom Hannah. Therefore, the worst of both worlds is Anatnom Hannah model. It's the worst.
😂😂😂 the worst!
we 😍 u