Can You Still Make $100k Reselling? 

I really want to hear from YOU below. Can it still be done in 2024 & beyond? www.patreon.com/resellergreatnesspodcast If you want to learn about Reselling the right way, please check out my Reseller Community. - Community of over 2,000+! - 30+ Live Coaching Calls in every niche weekly - Everything is recorded for replay - No drama community - 24 Hour Live Co-Worker Room - Access to the most comprehensive database for reselling on the internet. - Everybody moving forward in a positive productive direction - Goals & Accountability www.patreon.com/resellergreatnesspodcast Try it for a month, what's the worst that can happen? You improve your business? Or your money back! www.patreon.com/resellergreatnesspodcast

I made $68,600.00 gross, 37.3 selling cost, 39,397.00 net from 3,101 transactions, on my first full time year as a reseller and I am okay with these. I stayed home, I got out of a very toxic enviroment and that is enough for me so far. I know it will be hard but I am learning every day. Yesterday paid income taxes and I am ready to the 2024 challenge. Thank you Tech for all your shared knowledge, I am watching and absorbing all your videos, thank you again.

Puts it into perspective. I think many people think reselling is a quick fix or one that isn't that hard. Personally, I think is a major grind. Major. To make a living you need to be very organized, committed. and your mind has to be rock solid. As a multi business owner I can say the one aspect of doing your own thing that so many don't sometimes think about is YOU are the only one who can motivate YOU. Sounds obvious but it isn't. You don't know how driven you are or aren't until your backs against the wall so to speak. People watch video's and think it's kinda easy and quick but in reality, is a very long process. The beauty of this process is we have people like you and others sharing your experiences and advice that is worth a ton of money for relatively free. By watching your channel people can cut out a ton of wasted time and effort IF they apply what you're saying. I have to think the attrition rate is 90% and maybe 10% succeed at a high level and that's probably underestimating failure. I think I like that you bring this into a reality that's easy to understand and honest as far as it may not be for everyone. I wish anyone the best of luck chasing their dream this way but understanding the seriousness of the commitment it will take is a very real thing.

I definitely could make more if I went back to accounting BUT I have 5 kids and homeschool them. I cook and eat breakfast, lunch and dinner with them. I don't need permission to stay home with them if they're sick or just need/want me. I can go on vacation whenever I want. No yearly reviews that may or may not result in a miniscule raise that doesn't keep up with COL in Washington State. I wouldn't trade reselling for a 9-5 as long as I could help it.

I’ve been doing this for almost 3 years if I hadn’t already sunk 20k in to this business I’d have walked away gone back to selling cars. This is a GRIND I did 200k total sales this year to walk away with 75k. Hopefully next year i hit 100k+ but all the stress/uncertainty etc. it is not for the faint of heart

I worked a full time job while selling on eBay since 1999. The extra income allowed many opportunities that I would not have been able to have without eBay. I retired early (4 years ago) and went full time reselling because I was able to invest in others things that now produce an income to go along with my reselling.

" If you dont want to learn...no problem...Ebay has a place for you" ❤ Tech just took us to Church! I love going back to improve an earlier listing and see activity. We need to improve every day!!

My wife & I had $120,000 gross last year and our taxable income was $42,000. We could make more with 9-5 jobs, but we love what we do and never want to go back to a so called real job.

My ASP has gone up and my selling costs have gone down since I joined your group in November. I am picking better items now and my sell through is improving. I do still have that full time job and I won't be reselling full time until I retire in 8 years. I had to get a second job to support myself after I lost my husband. Now I can finally breathe again and am able to put money into savings. Thank you!

Average Selling Price is SUCH a critical metric in reselling, even though it's a top line number and not indicative of profitability, you've shown exactly why it matters. I'll refrain from stating my net profit on the internet but we have gross sales $400-500k a year. It can absolutely be done and I do it over and over and over again. This year is tracking for $600k gross. Smart sourcing is the key - well, one of them. Efficient processes are another.

I say making 100k is a breeze honestly I did 100k easily my second year now that I’m very experienced and know where to source and look and I’m very consistent I plan on doing 500k this year 2024 I’m feeling it

I so appreciate your kind and generous heart, and your willingness to sit down, press record, and help, like you said, even if it only reaches and helps one person out of the thousands that listen, you are happy with that. And I can personally say that at one time I was that person and learning all of this has changed my life. I saved all my EBay money for a down payment for my house. It’s ahhhhhhmazing what can happen if we stick to it and never give up.

and… a full time $50K job may provide benefits (Healthcare, 401K, etc.) a reselling gig traditionally doesn’t. It makes a difference when one has a child. Has an emergency, etc. Those are intangibles that make big difference, especially with a family (Empty Nester speaking)…. That said, these are REAL numbers. Data is Real. Tech this is GOLD for real resellers making those tough decisions. Bravo!

That’s it!!!!!! Joining NOW!!!! Everytime you post a video, I am so glued to it, absorbing every word mentioned!!! I come away learning, everytime!! LIKE AN ABSORBING SPONGE! The dedication and inspiration is what many of us need!! It is HARD! There ain’t no doubt in my mind!! I am a little reseller compared to many but regardless “IT’s my JOB”!! Gotta tell ya, Thursday morning at 5 am I was listening to Wednesday nights live that you did. Mind you, I have had the dang Flu for almost a week(feeling better now) BUT I was listening and was like, I am gonna shower and lay back down, the real ONLY morning I felt like that, anyway LONG STORY SHORT, as soon as I was done and dressed, Tech states “Put on your pants and shoes and GET TO WORK”! 😂 So I did just that! May seem senseless or little to some but many times it’s the encouragement that’s all!!! Many THANKS! Now going to signup!😊👍

Tech, Your method of breaking down the numbers has really put things in perspective for me. I can appreciate someone who takes the time to cut away the BS in the reselling content world and really hit a home run. I had no clue of half of the calculations, such as that shipping went towards final value fee, which in retrospect is obvious. I had been running a lower end model, but after switching to a model where I know my numbers, I can comfortably go to the thrift and only leave with items that I've learned will turn $4 into $25 Minimum. Thank you! I can already see results from the increase in the quality of items listed. People say often that listing more = more sales, but you have to list good, quality goods to get sales and list consistently. I see that for myself in my store by putting theory into practice. Thank you again! -Jeremy

Your generosity of information is unrivaled. Thank you 🤗

I’m looking into getting to reselling but have no desire to be naive about the amount of work needed to sustain a successful reselling business so I’ve been watching, listening and learning from successful resellers like yourself. This has been very informative. You helped me understand the phrase “You make money on the buy, not the sell” at a deeper level. I make decent money in the corporate world, I have excellent business acumen and work really hard but the environment is incredibly toxic. I realize if I redirect the energy I give to my employer back towards myself I will be successful. I’m done working tirelessly to make someone else rich. It’s time to work to make myself happy. Thank you for taking the time and energy to educate others. Your insight is valuable. 🙏

Thanks for the knowledge TEK… You make reselling and its politics so easy to understand. I am only part time ,3 yrs in and was ready to give up..But your videos keep pushing and inspiring me. You’re the bomb man.. Thanks for the inspo🙏

Favorite episode yet!! Reselling is fun but we have to understand our numbers if we want it to be a business! Currently Amazon fees take 48% of my overall sales number. Add on COGs and everything else you talked about you hit it right on the head 25-35% take home at the end of the day!

It is information like this that will keep me in awe of all Tech has to offer to our community. He is handing us the key to success with every video. Thank you Tech for your time, talent and wisdom

I'm all about being positive but realistic and I appreciate resellers that make videos about the real world of reselling .to many people get on here and try to make it look like its just easy and you just list a few things and make millions of dollars . I think you do a great job at relaying what its really like to do this job

Tech thanks so much for everything you post. I know there’s no reason you do everything you do other than to help. Your story is great and your ability to break it down is inspiring. Thank you 🙏

Tech you are a jewel. Love your style. You tell it like it is to the point with no bull. I’ve asked You a couple questions in the comments and Your answers helped. Keep it up.

You share so much Tech! Thank you. I definitely need to restructure my ideas around where I am and where I need to be. What a deep dive into the amount I have to sell in order to make what I need.Thanks Shelley

Do not worry if your points are repetitive, they need to be reiterated, consistency is key.

Boom! Mic drop! Alway a gold mine to listen! Thank you!

MISSION ACCOMPLISHED We have to level up!!! We appreciate you Tech!

Banger video big dawg! Appreciate you!!

You are excellent at presenting each subject very clearly, making it very easy to grasp . I have learned a lot from you as a reseller myself and I try to keep notes in my notebook ,apart from rewatching your videos. Thank you very much for sharing all your knowledge and experience!

$161,760.56 Total Sales $10,698.98 Taxes and fees $23,669.26 Selling Cost $127,392.32 Net Sales You're a huge inspiration to the Florida community and I learned a lot from you Tech! I profited 30% on this and am looking to tighten up my ebay store to keep more.

Really enjoyed this video! Thank you so much for your willingness to help other sellers.

Great video ! You’re a blessing to us all!

Excellent material as always Tech. I joined the Facebook/patreon group recently and look forward to learning more from the you and the others!

They say u turn out like the 3 people u spend the most time with so I’m constantly listening and implementing your ideas Tech I’m in the reseller greatness group and loving it ❤ best community I have been apart of thank you

First let me say thank you for sharing all the valuable information with us! My seller fee percentage is 37.6 , however it does fluctuate. There is something about being your own boss and having the freedom to work when you want and grind when you have too, is priceless to me!

This is the best video I’ve listened to regarding eBay selling. Extremely informative and filled with a pleather of experience. Knowledge is your best friend. I’ve watched this twice now and always take away something that I can learn to appreciate from you. Thank you Tech.

Thank you for the information. I’m going back and updating my listings.

Thanks Tech!!! Your sincerity is beyond respectable and the character trait I love the most is your humility. ❤️keep it coming. I am always pumped and motivated after your videos.

Did you hear the standing ovation? One of the best Ive ever heard! Hit right in the gut saying ebay is just the translater between buyer an seller!!! Fantastic thx! Appreciate you! Gods blessings on your Family!!!!

New to your channel. Just subed. Spot on with your listing info. You come across to me as a very polite, smart, common sense kind of guy. Enjoy your vids. ✌️

Hi Tech ! I think you are crushing it on youtube. Very knowledgeable and don’t mess around. im learning a lot. First time selling men’s cloths for me. been selling on ebay for three years. part time. huge learning curve. I get up every morning at 4 and watch videos and study for two hours. Stay with what you are doing It’s spot on !!! Awesome group Awesome Channel

Excellent information and much needed. Good job Tech 😊

Hi Tech, your message has reached me!! Thank you for the motivation, the clear and straightforward ideas, and things I can do to grow my fun that I call a business! I love the psychic ideas but would like to remind everyone that it’s not just that… it’s also the mindset. If we say it’s hard it will be. If we say it’s a challenge even better! Who doesn’t love a challenge? Keep up the great work on the videos!

30% seller fees! Let's go... On the right track!.. First year reselling and KILLING it, thanks to videos like this one.

Thanks as always tech! Helping me slowly turn things around day by day 🙌

Thank you for all your help. You are making such a difference in my life, i appreciate you willing to share your experience and knowledge.

Powerful message, this is why I joined this group. I am learning slowly daily.

Great content Tech.. Appreciate to knowledge you share with the community. Reality is eye opening to majority of Ebay sellers if they are open to live in reality. Numbers don't lie.

Appreciate the breakdown !! Great video!!

Knowledge is power!!! Thank you my brother 💪🏽💯

We appreciate you so much. Not everyone can nor should do reselling imho, but understand you can change your life, and the quality of your finances. As an older person you can keep the (creep) inflation at bay and live your best life with fixed income.

Whoa, this was an incredibly valuable video, Tech. Its soooo important for us to know our numbers and business model, as well as keep up on whats popular, trending, and important keywords! Thank you thank you!! 🥰

It does put it in perspective. I think most people go into this thinking it’s like hitting the easy button when it’s not. Tech is so right when he says it is a grind. Each individual just has to decide if it is worth it for them. Love the content Tech. I’ve been selling on eBay for 20 years and just by watching you and Daily Refinement’s content I have sold 3 times as many items in 1/3 the time

Love watching your videos and all the information you spout. I've been listening / watching your videos the past few weeks and it helps me more and more everyday. I sell on Poshmark, Whatnot, and literally just started on Ebay. I'm all ears when you come on and am very grateful for your knowledge and knowhow. You sell from the heart. Im gonna watch this video now, first thing I turn on when I come out to my selling space (the garage) haha. But I had to reach out from You Tube land and let you know first first thing that you're a staple in my routine these days and I appreciate your time and energy. I appreciate everything you do. Much Love. -Jennifer #DeathandTaxes

This was SOLID thank you 🙏

Rewatch fan here I’m a little different as I am retired. I have been with Ebay since they opened their doors first as a buyer and then as a seller. I have seen so many changes, some positive some negative. The reason I started was to Declutter and then I started getting inherited items so sourcing for me has not been an issue. My hat is off to anyone that makes that kind of money, because I know how much energy and time I put in to just my small store. Again thank you for all the helpful information, even as a small seller I need to always rethink, reimagine and Declutter my own store. I love all the videos

this synonym thing has got me thinking for sure. im from oregon my wife is from minnesota we often call things by different names. i will be on the lookout for regional synonyms im excited to start using this now

Simply amazing thank you so much for the information

This is so great. I am trying to go full time & mapping out my numbers- what I need to list/sell/sell through rate/etc. I have been part time for 3 years and my processes are perfected (took almost 3 years!) I personally do not know of any time that grossing $100K would have been a full time income. I make a good salary now and it will be very difficult to replicate this by reselling but I think it is doable plus there is a possibility that I can scale it larger so I want to try. I honestly think that working a very demanding job right now makes me understand the work involved...reselling is less stress than my demanding job but I will still need to work 8-10 hour days to be full time, maybe more. It is not difficult work in my opinion so I'm willing to take the chance but you absolutely have to put hours in. Also, you have to understand that working smarter vs harder is the way to go in reselling, it can make a difference in your profit and hours worked. At one time it would have taken me ALL DAY to list 40 items. I could never replace my income by doing eBay this way. I would never even attempt to go full time if that was the case. Today it takes me 40 mins. I obv have a lot to say about this lol.

Another amazing video learn something new every time I watch❤

Fantastic video and a huge eye-opener

The tough love on the second half of this video 🙏🙌. Going back through all my titles again adding more separators. Thank you for the class lesson in this video Tech! I know medical terminology, English, and Vietnamese. Now I need to learn more vocabulary and become fluent in reseller/buyer language. 😅👊

Great Video Tech!!

One big takeaway. If you wanna be in the top 10% then you better be on par with their title structure keywords and item specifics. Good thing about that is it’s an easy first step we can all take without even sourcing new stuff, we can fix our old listings first and then do it right from the start with new stuff.

37 percent here. Up 4 percent since last month. Had a bunch of low sell amount items given to me so just like you said, the shipping raised my percentage. No promoted listings. Feeling good with only 5 months into this new business. Thanks for all your info Tech.

Very helpful I will go back to see your videos

Another dope video bro! Keep it up 🤙 still waiting on another fishing video lol

your Awsome and a blessing to the plateform of e -Commerce

You reached me. I been thinking of joining but have not pushed the button but this video did hit me in a different way. I'm part time and I do this on the side to help with some debt and put more towards retirement. I struggle sometimes with keeping up and not knowing all the fashion keywords. I know this is what hurts me sometimes. I make ok sales but I know I can do much better. Thanks for all the content you provide. I can't wait to see what your group is all about. As for your question. It's possible but it will take work and knowledge to stay on the top where the most money is.

Great Information Tech!! Happy to be a Part of the Group

Wow! You just handed it to us!!!

Hey tech Thanks like always for the valuable information you bring us..I'm guessing I'm in the 10% as I'm number 5 in my category in all of ebay..Its all because of your teaching...keep up the great work..

This puts thing in prospective. I need to think about this when I make an offer.

Yes - I believe that you can if you put in the work. Listen intently to what you teach and do the work to implement. I think that the key is to keep learning new brands and keeping an eye on what is actually selling. Then rinse and repeat. I truly believe that if I did eBay fulltime that I could make it by following what you teach. Thank you for sharing your expertise as always. #begreat

Thank you again Tech!

You can’t chase brands. That is the largest portion of markdowns at the major retailers. The salesman gives the retailer back the money… Look with new eyes. There are billions of no name products to sell,

Keep up with a good work

Thank You!!

You are the best teacher, humble, watchable, kind loving man. You are so appreciated and valued. Jasmin Uk Ladies clothes reseller.

I’m trying to understand why eBay fees would be so much higher than Poshmark? I always thought I was paying less in fees on eBay, but will be taking a closer look. I’m looking into transitioning out of Poshmark and making eBay my primary focus, but it’s going to take time. I have 4 kids and 2 small businesses and there is no way I could make the money I make working a regular job. I think a key to my success has really been low cost of goods, learning to love listing as much or more than sourcing, and grinding even when the sun ain’t shining. I had to totally restart my business from scratch due to a family restructure, and I’m proud to say that after only 7 months back at it I’m on track to come close to that 100k mark this year. It can be done.. we can complain or we can get to work. Thanks for the helpful info as always!

You reached me!!! gotta work on them titles 'synonyms' 👍 got it

selling online is a 15 to 20 year journey … tech proved it …. it’s much harder now due to a low barrier to entry … anyone saying different is not a genuine seller… tech your so right on keywords and synonyms, that is gold 🎉 your amazing brother 🧑

Excellent! My husband is retired and I’m still working FT. Total income before EBay is about $180k. But I invest 40% of that in our pretax HSA (max), 401k (max plus catchup) and company stock (max) purchases..all with 50% annual company match! Gotta get that extra free $$ . So my take home pay is very lean..after taxes and bennies. Our 1000 item store grosses about $40K..and I list 10 a day . I have 2.2% sales conversion rate and $30 asp. This IS work…we have a blast, but this $$ gives us a big vacation and liquidity to enjoy our life to get what we want and still invest for our retirement. You never know when the hammer could drop! The squirrel stores his nuts! Hubby only buys thru online auctions…so it comes to us…no bins!!! 😝..5 years to go before I retire, God willing. We will always EBay. You are the best! I listen closely to you and learn every time! The money is everywhere; you just have to look! ❤️ from TX.

Good Info

I blame TikTok for making reselling get saturated, wasn’t making as much as years prior so had to throw in the towel and just finished liquidating all my remaining inventory. I moved into real estate, part of me is gonna miss reselling but I knew I needed to move on from it after 10 years.

Thanks Tech your amazing I just upgraded looking to make my 1st $100,000 year 💪🏾🙏🏿

rewound this one a couple times :)

Gah, why are you calling me out like this? LOL! ok will be downloading more "homework!"

Thx you!

Something important to take in consideration, is that if gross is 100k and 40k Profit, with does 40k you need to reinvest into the business, then take 20% off for taxes now you have 32k then you need to reinvest to get more inventory plus w.e. you want to save, i am selling about 5k amonth r.n. gross, my bank account only grows about 500 a month and i dont even pay bills from that cus i still have a 9 to 5 i feel like i had to be grossing like 25k to 30k a month to think in going full time, is not thay easy like some people think.

Unless that guy is spending ton on his inventory I don't see how he isn't at least 40k with 100k sold. My seller fee 38.5%. I'm hoping it will be better in the next year the change recently to ground advantage has been great. Jeans were always padded flat rate but now that is 8.70 with ground advantage cubic I'm able to ship for $6.

I saw this guys post and I think I even commented on it. It is definitely possible to gross over 100k. My seller fees are at 32.8%.

Woah! Selling costs of 40 or 50% is more the average. That is rough!! My COGS is definitely above average, but I feel a tad better knowing my 2023 selling costs on eBay were only 25.2% based off a $37.93 ASP. My profit margin would be wiped out if I had 50% selling costs. Looks like I'm blessed to be in a lightweight category with a higher ASP (video games) ... And because of the high sell through rate and overall demand for these items I could almost get away with not needing to promote my items at all... or at the very least it would be a notably smaller percentage rate than the average.

I didn’t make much last year reselling, but that’s because I made the decision to stop selling on every platform except eBay. I also made the decision to delete all of my listings and completely start over because I didn’t know what I was doing, so I had a ton of dead listings. I know now what I was doing wrong, so I can fix my mistakes. I also know I can definitely make a huge amount of money on eBay. I just have to make sure that I do everything right.

Preach!

The best eye opener I've had was comparing my part-time job earnings to my part-time eBay earnings for the year. It's been a big wake up call knowing that I spent way more time on eBay and then still have to account for fees, cogs, and taxes. I enjoy eBay but definitely have to make some adjustments to make this worthwhile financially.

My current selling cost percentage on ebay for the last month is 40.1% and I am currently working on lowering that by listing higher ASP items.

How much someone needs to gross to make $X is so variable. Depends on the business model, the COGS, their expenses, plus their desires, needs and wants. Some people $50k is great, for others thats not close to enough. Main thing is can someone maintain the business, does it provide, can the learn and adapt?

Whoa, ebay math. Great topic!

In my niche, it's real skewed. 98% of sales go to 10% of sellers. It's wild