Wow you explained this process so well. I try to explain to my family how I know what to buy for resell and I don’t think they get it 😂unfortunately there is no goodwill outlet near where I live so I have to be creative at local thrift stores and the regular goodwill, knowledge is key like you said. Thank you!
That’s so kind of you to say!! I’m glad that it was explained well. :) that really does suck about not having outlets near you - there are also Salvation Army outlets, thrift store outlets and some rag houses spread across the country so that may be a possibility too! Also yes! The knowledge is what’s allowed us to thrive in so many different environments and love that you prioritize that :)
@@TrashPandasThrift oooo I need to look into Salvation Army outlets 🤔 I hadn’t thought about that. I live near Atlanta GA so the closest goodwill outlet is 3-4 hours away. Thanks for the tip I should look into other types of outlets near me 🥰
@@kristidavid4473 Of course! There are so many amazing opportunities all across the country for sourcing great pieces, from outlets to bins to thrift stores, church sales and flea markets! Excited to hear what you find!
Your videos are confusing and all over the place, you have several videos all about how you are style sellers not brand and you did 280k by style based sourcing and listing with good keywords. Then this video is about know your brands, it's all about brands and also half your money was made on wholesale not listing yourself. So which is it? Spend all day at the bins looking for brands you can wholesale? Or its all about style based listing with keywords? On the topic of wholesale, who do you sell to? How did you find buyers? Where do you sell etc
Hi there! I never said it’s exclusively about knowing brands in this video or any other - knowledge is our #1 tool as resellers and having a vast knowledge of brands IS important, just like having knowledge on styles, keywords and aesthetics is very important. We are everything sellers - we always have been. Last year, we sold somewhere around a 60/40 split of style based clothes and brand/ASP/STR based. Half of our money WAS made via wholesale - wholesaling to other resellers and stores who sell clothes themselves. We still sourced all of our clothes from the goodwill outlet that we were wholesaling. As wholesalers, we sell to a mix of clients. Some focus on style/trends/aesthetics, and some focus on brand and high ASP. As far as what business model to follow, I can’t tell you whether to wholesale or sell clothes on platforms. That’s an individual choice for your business. As far as finding clients - social media has been our main tool. And no, not with our RU-vid channel, this is very new. Via cold instagram DMs when we had basically zero followers and cold emails.
Thank you so much! I totally agree that some outlets are so much better than others - we’ve been to around 15-16 across several different states and the mileage definitely varies in terms of quality - but we can always rely on goodwill outlets for huge quantities of pieces to look through and low prices!
@@TrashPandasThrift I'm in the NYC region. They recently changed their whole business and they are pulling out pretty much anything of value - even basics like Eileen Fisher. It's reflected in their thrift stores in the city - they always pulled things out but they recently hired someone to lead their e-retail so now it's incredibly barebones. Our bins used to be good, I hear that 5 years ago and back they were incredible. Now, there isn't a lot of inventory and it's mostly bottom of the barrel - most of it has always been damaged anyway. I don't go anymore. I'm happy to pay up at the retail stores for good items that are not damaged. But California is amazing for thrifting! I'd love to do the bins out there sometime! Stay well and thriving!
@@n.s.8015Samething has already happened in a lot of california locations. Being able to find profitable items at the bins is still do able but it takes a lot more digging
@@n.s.8015 Unfortunately employees pulling more and more items is happening EVERYWHERE across the country, even with basics like you mentioned and it totally sucks (for us resellers haha) I've always felt that it's our job as resellers to continue to learn new and more obscure brands, keep up with trends and styles, and like I mentioned in the video too, to really work to use keywords and other marketing tactics to sell items that other resellers can't/won't and sell items the thrift stores aren't pricing up/don't know about. Reselling will continue evolving and getting more competitive everywhere and I've always loved the fact that with more knowledge, we can continue to thrive. :) So happy your stores are proving fruitful!!! That's really good to hear - we're originally from Brooklyn, NY, and the thrifting in NYC is really high quality for sure. Have a wonderful evening and thank you for your comment - these conversations are so valuable!
They turned my regular Goodwill store into an outlet a couple years ago. It didn't take long for me to become addicted to the finds and I started reselling. I mean, when the bins are across the street from you pharmacy.... how can you not stop in to dig? LOL
Watched the entire interview you did with Beau and wanted to let you know, you got a new subscriber. You both inspired me and I know with a little hard work, I can transform my eBay business from selling wholesale to becoming a successul clothing reseller. I look forward to watching your videos. You Guys Rock!
That's so awesome of you to comment! Thank you so much for watching our interview and for being part of our community here on our channel as well, we're really excited to keep putting out more content and to hear about your successes as well!
Hi Cheryl! We can make a WHOLE separate video on this - as a matter of fact, we will! Basically though, we sourced items that we would have otherwise sourced for our own stores and then sold them to other resellers and physical thrift stores across the country at wholesale prices. This allowed us to avoid 15%+ in fees (PayPal was only 3.5% comparatively) and also move pieces in volume, and in and out of our business the same week we purchased them. I will give a much deeper dive into that business model sometime soon here on the channel and appreciate you asking about this :)
That's exactly ME! The first time I walked in I walked right out. My thing at the outlet is shoes and boots. Those are my favorite thing to buy. I need to be more of a digger like you! And I need to go more often! It's about 30 minutes from my house. Well worth the trip most times...some days I come home with hardly anything! Thanks for the video Bethany! 🥰
haha I definitely feel like this is alot of people's first time experience so good to know we're not alone! And the bins are for sure an awesome way to lower COGs, increase volume and learn so much!
Omg! Congrats on your success! I've enjoyed watching your whatnot shows, I am so happy to see you on YT! Your numbers are amazing. Out of that 200K, about how much did you have to pay in taxes? And also have you guys been able to pay off debt/buy a house from reselling? This is so inspiring.
Thank you so so much! That’s very kind of you to say! :) Of the $280K, we had deductions of course like cost of good, which for us was very low at around $1 per piece, and several other business expense related purchases and deductions that our CPA helped us work through. We also paid ourselves as employees of the business for that year, which is different than many other sole proprietor based businesses, and then we also took out other profits as distributions from the company so it’s hard to give a roundabout on taxes on the gross profit alone - so many things were taxed differently out of that money earned and there were also many deductions. We have been able to pay off debt that we’ve had, travel to places we never thought we’d be able to go, and as of 7ish months ago we moved to the city that we’ve been wanting to live in for a long time - San Francisco (and we’re able to both work full time on our business without having any tech jobs lol) Thanks for your comment and we appreciate you following along on our journey!!
@sunnysamanthasmile Aw thank you so so much, that's so sweet of you! We don't have a guide of any kind - we do however run a group with @cayley elaine called reseller's edge university! We have an entire video section on wholesale alone and also have several live weekly calls where we discuss wholesale, reselling, styles, trends, and do Q&As! If you're interested, you can definitely google reseller's edge university to see more about what's inside the program :)
unfortunately our goodwill bins are absolute crap and are 3 hours away which is not an option for us. i am stuck with garage sales during the summer which is extremely hit miss or Good will store. were I have to pay 4.00 per item at the lowest. not much profit for me. their jackets are 14.00 and etc etc...put me out of the game unfortunately.
Hi! I definitely hear you on the outlet being far and maybe not as good as some others, and the prices going up at stores. As resellers, it’s always our job to find a way to succeed! We’ve been in very similar situations when stores raised prices and when we were unable to source many brands, especially as reselling is our only household income. Reselling is doable though, no matter where you live! We know someone who does super well in a small town in Alaska!!
@@TrashPandasThrift oh for sure. I buy a few very good pieces at good will or I walk out. simple as that. I do more of buying in bulk since I have very few options in my town. all new with tags. some kids stuff mixed in but the company is huge on costumer service.
I don't have access to big famous brand names which get over saturated anyway. I just a brand new anthony richards dress for 14.00 and I have to pay for promoted otherwise my listings get pushed down. i am ok with paying 3 more than bins.
@@TrashPandasThrift oh for sure. I don't quit over bins vs goodwill store. Been selling for 10 years. styles are always changing and popularity of styles are always changing. I go by style and material. I have lululemon and they never sold for me on ebay or posh so its not all about brands..I watch you and others on youtube and I can see right now not every one has the same sources...Thanks for your encouragement thou. I Subbed!
@@TrashPandasThrift yeah I research every piece at good will on my phone on ebay solds and that helps me not waste money on items that don't go for more than 20.00 very handy tool. I used to grab everything and anything that I thought was "Cute" lol. now I research much more now.
@@TrashPandasThrift yeah I used to buy amazon pallets but the clothes were absolute crap other than tons of dresses Anthony Richards. but the other items were garbage. I am gonna try JTC auctions some time. 3.50 per piece brand new but you dont control what season you get. mystery boxes. thanks for all the content you give out. much appreciated. This old 47 year old grandma is gonna figure this clothing thing out eventually lol
Would love a sourcing video, and tips on getting lower prices at regular thrift stores. I am super interested in learning ab how to wholesale, so I will definitely need to lower what I spend per piece. I am lucky enough to have 2 Goodwill bins near me. I've only been once so far as I'm working on beginning my resell business.
These are great ideas for content for sure!! We appreciate that tons and will definitely put these in our notes. :) also having two goodwill bins near you is so great! It’s an awesome way to decrease COGs and increase volume. We’ll certainly do a video on wholesale in the future here on the channel :)
It’s our absolute pleasure! We’re so passionate about teaching and helping the community in as many ways as we can. We believe in transparency and open doors and are so grateful for your super sweet comment. Thank you for being part of our community here :)
this is so useful im 15 years old and me and my big brother always been into reselling and love vintage and wanted to start a online business and this is like everything i could have asked for thank you
That's so awesome!!! You're starting off WAY before we had ever even thought about starting our business so you have a huge head start! Thanks for watching :)
Thank you so much! We’ve actually been following you for a long time - it’s so cool that you commented here. You and your family’s why for reselling completely aligns with ours, and it’s been so refreshing to see your videos in the community :)
Thank you so much!! We primarily sell wholesale and on whatnot, and you can find us on WN @ trash pandas thrift. We don't like to share out ebay store because it's where we list our higher end items and we're ebay algorithm conspiracy theorists when it comes to views to buys/offers lol.
1000%! We were actually just talking about this earlier and will be putting a video about this out sometime soon for sure. Thanks for commenting and being part of our community here :)
That is so sweet of you to say and I appreciate this comment so much! I actually was considering reaching when I was in university and have always had a passion for it - thank you for the comment :)
Hi! As I mentioned in this video, we’ve transitioned to selling mostly on whatnot and selling wholesale to other resellers and thrift stores across the country :)
Thank you so much! That’s super kind of you :) we are no longer accepting wholesale clients at this time - our waitlist was very very long and our current client needs have made us reach our cap. Thank you so much for your comment and for watching this video :)
@@TrashPandasThrift well I think you've started a trend, I hope there'll be more people doing wholesale. Also, I go to the bins in Austin too, I always find good stuff.
Goodwill Bins is definitely the place to source. Price is right and I find lots of great items. It always amazes me the number of people who just plow through items without looking at them. I come right after and scoop up top name brands and current trends. Typically only spend 1- 2 hours there and leave with 30-40 lbs of goods. I love the idea of going to yard sales but don’t find it’s worth the bang for the buck, as I drive between sales and may find nothing. Bins is a 💯 better use of my time. Although I will shop some online estate sales and large church sales.
