Hi Josh, long time viewer from the UK here. I am currently a university student and was inspired by you guys. Ebay re-selling has helped me so much in university and it feels rewarding. It is harder to do here as I live in a fairly small coastal town, so when I get lucky, I get really lucky. Keep doing what, you're doing! Love from the UK
I like this type of content. Your keeping it real Josh and that is appreciated. Of course, I like seeing what you and Hayley pickup to sell too. Thumbs Up, as always. 👍
Josh, I just bought one of those neck fans you recommended in a previous video for my husband, who is a USPS mail carrier. He absolutely loved it and all the other mail carriers are so jealous. Thanks for sharing!
Hey Josh I saw a British reseller use carpet tubes for shipping golf clubs. Think mostly irons as drivers might be to big and he cut them down to size from around 4 meters long. Just head to any carpet shop with roll stock and ask for them I'm sure they will be happy to give them to you for free as it'll cost them to recycle. Hope this helps and saves you $3 a box ...keep up the good content 😋
HT - Loved this video!! 100% transparent and very detailed. One of my pet peeves is when online sellers on RU-vid show their gross profit as if it were Net. Fees, shipping (sometimes you can make a few dollars, but sometimes you lose a few!), sales tax - and finally income tax - really take their toll. If you’re honest about it all, everyone can see what it really looks like.
Hi Josh, since you’re already losing money on the towels why don’t you just put them in the swag bags for your upcoming convention, that way you might be able to write off the cost of them. You might want to check with fabric stores that sell upholstery fabric for the tubes the fabric is rolled on. Most places just trash them ( they are very thick tubes). You would just have to cut them to size for the golf clubs.
@@HairyTornadohey Josh, i just went to your store to buy a couple towels to support, but they’re back up in price. Did i miss the $4 ones?? Thanks in advance 🙏
I live in Michigan and the UPS person I spoke with said they always add one extra inch on all dimensions. I really don't understand why they do that but now when I ship I add one extra inch all the way around and it's worked out fine so far. Love your transparency and connect. Keep it up!
Loved this video! Great information, I will be linking my eBay to my Pirate today! I love that you are at the point in reselling that you let things go, OMG it stings but getting it gone is the best option. After a period of time, taking up space is just losing more money. Thank you for all the information, ya'll are doing an awesome job!
I love to see video of you getting "back to basics" of reselling. A reminder of where you started. "What sold" videos are great to see too. Getting rid of your dead stock or newly purchased items.
Love this style of video, thanks for sharing. Just nice to see what others are doing and to pick up some tips. I always forget about the padded flat rate envelops! Such a good idea, I was just doing straight priority by weight....🤦♂Going to have to update some of my clothing to padded flat rate shipping (assuming it will fit lol)! Thanks again!
You could throw a towel in each Flip-Con swag bag or hand them out at a meet & greet you do where viewers can buy a pie and a towel to pie one of you, and then they offer you the towel to clean off haha
I am a Director or nursing and for my nurses and aides . I will be ordering 30-40 tea towels . Will be in middle of august for appreciation hope you still have some what a perfect statement ❤
I’ve had that same issue with UPS shipping. I thought it was UPS, never thought it was an EBay issue. I was on the phone with both and neither (Ebay / UPS) could explain what the problem was. So frustrating!
I have a friend who fixed up a house she rents to the visiting nurses who go on long term assignments. You might check whether there is a need for that in your ares. They would probably take good care of it and not be too demanding.I have another friend who is currently doing that on a long term assignment in another state.
Interesting I definitely have to start listing more, I currently just sell trading cards, and just got accepted to sell on whatnot hopeful if goes well
Ground Advantage doesn't have the 1lb limit like first class did but it's the same speed and service first class was so I've been pretty happy with it so far
Had I known you had that black cat Squishmallow.... Anyway, I did as you suggested and listed 100 products and now we're getting a lot more nibbles. I have at least 300-500 more to go (very time consuming), but I'm listing Monday -Fri now. I also started a new ebay store (giving them another chance), we'll see how that goes. Thanks for the advice!
Hello Josh ,I think many followers of your channel , miss your lovely wife Hayley, and so do i. And we hope, she will be back on the screen soon..... Greetings from ( Brakel) Belgium. André.
Josh thanks for this one ! I appreciate you! Hope Hayley is doing well in Honduras! (If i remember right , that's where he mission trip is???) Stay safe stay great and keep up the good work!!!
Hey I have been watching you for a few years now and I have always wanted to get it to reselling and now have the chance to I was wondering if you had a vid that I missed with tips and don't or could give a some that would be amazing and keep up the great work and love the way the house is going
Aww geez, thought you were going to say tge Squishmallow s o l d f o r $70.00. You just slowed down trying to remember the amount. Soooo funny. Definitely got my attention. BIG HUGS for your family. Belly rubs for Mose. K.T.
Great video & congrats on your sales increase. Ty for all the candid info. I have one big question. How do you document your expenses for the stuff you buy? I see in the video you give estimates but for book keeping & taxes that needs to be a firm number. How do you track it? Is it all on an average from total purchase cost per shopping trip like you did on the big clothing buy? Plus a lot of your purchases are cash, no paper trail? The book keeping on a bigger scale like yours baffles me. I need to keep it simple or I'm reluctant to do it. For my Craft biz, I have receipts for my expenses, sales are usually cash. I use a simple Debit, Credit method on an old style checkbook register.
We track everything on a total basis for the month, rather than individual items. Everyone likes to think that you have to track each sale but that's way too much work. You think restaurants track each french fry they sell? lol. We look at our total gross revenue for the month and then take out fees, shipping, cost of goods for anything we bought that month and any other expenses and that gives us our monthly profit. We use our business credit card at all the thrift stores so that credit card statment supports those purchases and we use our business debit card to get cash out at the atm to buy stuff at the flea market. The irs knows that you arent going to have receipts for flea markets and garage sales, so just having records of your cash withdrawls should be fine. You could take it a step further and write down your total flea market garage sale spend each week, but I dont really think that's necessary. As long as your numbers make sense, it's fine. If you say you bought something for $2 and sold it for $50, no one is going to question that. If you say you bought something for $50 and sold it for $2, that may raise some flags.
Another great vid Josh. Out of interest, what type/size bags do you use to store your clothes in? I'm trying to find something similar for some of my stock.
What does it mean to “push hard on eBay?” Does that mean more listings, changing prices, shipping as soon as something sells? Also… Is it better to relist or to revise and edit the price? In terms of getting more eyes on them via the eBay algorithm?
Hey Josh have you noticed that since USPS Advantage got added, some of my ebay items have blank info on shipping. Can't figure out how to find them unless I go through all items. Any ideas?
Ground advantage helps clothing sellers big time because now 2lb jeans can go ground advantage, and I think that’s cheaper than priority but idk yet lol
In your video you said 12% for eBay fees. The fees are 12.9% to 15% depending on the category on both final value fees, shipping paid by the buyer and taxes paid by the buyer, which ends up being between 17% and 23% on my eBay account. I have been selling on eBay since 1998 and back then it was 2 3/4% on final value fees only. Oh the good old days :)
Some categories are even lower. Video game category is 9%. Also some of the buyers paid a little more in shipping that in actually costs us, so everything considered, the numbers are pretty close.
@HairyTornado thanks for the info. I do almost all my reselling in my 2 car garage and it gets pretty toasty in there. I just have a regular oscillating fan and that only helps a tad.
How does UPS charge you post shipping if you don't pay enough for the item shipped? I have shipped multiple golf clubs recently for $8-$10 and want to watch for an additional charge.
She has been back since last Tuesday but she got Covid her last day in Honduras so that’s why she hasn’t been in any videos. She’s filming her first one today :$
This is what drives me crazy. It's $1503 minus shipping, minus ebay fees, minus cost of goods. You're really not making $1500. It's less than half of that, and you still have to pay taxes. I know it's a business, and you can make more or less with how hard you work it, But it's a lot of work, and everyone else gets a bite of your profit! (I need to go list more stuff.)
Getting to keep 50% of your revenue is a blessing that very VERY few other businesses have. Most small businesses would be LUCKY to have 5% margin, much less 50%.
@@HairyTornado True, however, as someone who used to like to sell at yard sales, seeing some thing that’s cheap or some thing you want to resell for a profit, it’s frustrating to see your profit eaten away by shipping and eBay fees and taxes. I guess it’s the difference of doing this as a full-time business versus a person or kid who is trying to get some money back for some thing they don’t need anymore.
If you charge the buyer with shipping you have to take the 12% fees with that total. Its kinda lame. Ebay is closer to 20 percent fees when the shipping price is involved.
@@HairyTornado thats true, I forgot about that! I do save a 1-4 dollars on labels. I guess heavier or bigger items would be the only ones that you might not.
