Been taking your your information to heart lately! Listing 5 items daily, building my draft bank, sticking to only a few categories, and getting rid of items that I know nothing about. Best eBay sales I’ve seen in a while! Thanks Chris!💗💗💗
Some very interesting points. I have been selling on eBay since 1999 with a 2 year hiatus thrown in. I’ve done the full time thing. I’ve done the finding a niche thing. Personally I found it far less enjoyable of a job when I had a narrow category. I like the variety. I have also seen how cyclical items can be. There’s stuff that you couldn’t even give away 10 years ago because it got so flooded - and now it’s back in and selling like gangbusters. The challenge of stretching my mind & hunting skills over lots of categories adds to my enjoyment of reselling. So I suppose I am somewhere between a hobby seller and a full timer now. Life is short - enjoy it! 😊
I have a similar perspective as you because I enjoy the hunt and I am not trying to make a ton of money either. I am 58 and I have always been a reseller of whatever I find in the wild 😜
New seller here. If you don't mind me asking, how many years did you sell full time and as you went, did you continually project upward or did down years happen like say in 2008-2012 or whenever is technically the recession
@@2regarded After Sept 11, 2001 there was a massive slow down in sales. It took a while before things picked up. 2007ish I saw the start of the slowdown due to economy. It got rough, not gonna lie. But the best things to do is roll with it. Research what categories ARE still selling and shift focus. That’s why I am a huge believer in diversifying and selling in many categories. You can be more recession proof. :)
I have 3400 items in category A-Z...I have sold on ebay for 25 years and make 100k profit a year. 5 categories? Learn more categories is my belief. I chase $10 items and love 1K items sprinkled in. 5 trick pony is not a good thing.
Pros and cons to both. Nothing wrong with occasional $1000 items if you find them. And as one item in a category gets oversold you see it and are keeping an eye out for the new item gaining popularity. What’s hard is if you are inflexible and just keep selling jordache jeans instead of switching to the latest popular jeans. There are master sellers of Levi old and new; that’s their category. Some people find it boring or fulfilling selling the jeans to the miners and making a fortune that way instead of being a miner
I think also it depends where you live and like he said how you are sourcing. It seems like a lot of the channels I watch live in cities it great supply and prices. I'm in Florida and you kinda gotta take what you can get. As long has it has good sell through rates and I can make 10 or more dollars on it, I'll pick it up
I must be the medium ground but I get what you’re saying. I’m in a small town where I’m pretty much the only person in my small town anyone can call to sell huge lots of anything so I’m not at $1.3 million but I am selling $200k a year by myself.
I disagree. I find homeruns every week. I dont want a boring job. I want an enjoyble career doing what I love. I have a dynamic mind with a lot of imagination. I am in every category, my top 11 sales all sourced since Sept for $87 total brought in $5900 . That's just the ones over $200 i have many, many other sales of $100 plus. If I'd stop watching RU-vid I'd easily make $100k on less than $200k in sales. But right now I am easily replacing my previous income.
Yeah, that’s exactly the cap. I don’t really know anyone making over $300k by themselves that doesn’t work all day hunting home runs. They’re out there, but just different than the folks specializing that have more time off and make millions
Doing what you recommended some months back and have dabbled in those 5 categories to see which one I get good with and want to learn more about to perfect it and YOUR RIGHT CHRIS !!! 💥 I'm pretty sure I found my niche and it surprises me because it wasn't what I thought it would be! SHOES!!! And I'm learning and loving it. Thanks be to you, you are a wonderful teacher. 🙏🤛
I think choosing more categories is much better then few, because over years you will know which one works better and more money and leave those categories that’s don’t make you money, going for expensive items also better path in reselling less work more profit thats If you know what you doing, I been selling for years now. Love your videos!!
Amazon started as a book selling online store. They eventually became the biggest business in the world by diversified sales. I’m going as a very mini me Amazon approach to my eBay business. Variety is good.
@@AskBibleNotes I see. Thanks for the info. I’m actually looking for more of a regular income myself, enough to live comfortably. If I make more that’s fine, but I’m happy with full time income :)
Without his RU-vid channel, Hairy Tornado wouldn't make a liveable wage, and he spends a lot of time on reselling as it is. Probably making under minimum wage when you factor in everything.
I do about 5 categories as well. My money maker that I am making hundreds on my flips is speakers! Plus the small bread and butter items, which keeps money constantly coming in.
Thanks for another great video. This is what sets your content apart for me. The big picture, the mindset, the perspective of being a successful reseller. 👍
To expound on why I liked having scammers is that it kept the bigger fish away from my scrapyard, which was the lucky finds with Aunts and the likely to have easily resolvable problems cheap video games/systems postings that often mimicked the scammers in their postings but left their own distinguishable fart bubbles. People would likely think Im a fool but two important things here actually 3... 1)bigger resellers did not take LetGo seriously so cartridges in bulk sold to me dirt cheap usually had a $80 game in there that paid for the lot once I got things in working order. 2)Trade off was huge hrs and hrs of time for bigger profit eventually or half hr to hr of elbow grease and immediate returns in one sale. 3)smaller pond on multiple accounts some bigger resellers often make the mistake of looking for posts similar to how they would write one... 2 or 3 pics in a posting mentioning a broken ps2 and all pictures are the ps2 up til the 4th picture they are ready to write off the listing or the new reseller is doing the same
I know this is an older video but i hope you see this and can answer. Would you consider men's clothing a category, or niche down further and consider men's shirts a category
Not saying all crazy people are geniuses nor all fools are fools. Some will hear Jimi and some won't. There is hearing an audible noise then there is distinguishing what you heard.
Thank you for confirming what I instinctively knew getting into reselling. But after listening to you I have to scale my categories down. Right now I'm buying in 8 to 10 categories to see which one I'm best at and which ones give me the most return on investment. Thank you so much for you videos.
I agree with this so much but I feel that I would get lost In trying to please a certain group of people than focus on my category when I know I will make better profits all around if I focus on my category rather than try acquiring the most hype or popular item.
Specializing is definitely efficient and profitable but so is picking up a piece of art that is work 10-20K. There are a lot of Ebay Sellers that take the cream of the crop in lots of different categories. It can be easier and more profitable to buy at Auctions and make 4-5K at an auction and have it listed the same night. Books can be very efficient as well, especially FBA and new items. If you want to do something like furniture tho you have to be a specialist.
@@dailyrefinement Thanks. With the scanners I have I can image 50 cards front and back in about 3 mins and with listing software I have I can list 30-40 cards and hour. Also like I can store 10000 active listed cards on one storage rack and nothing costs more than 3.99 to ship
This video really makes sense to me...it really resonates with me. What are some examples of the 5 categories you suggest? Im looking forward to your answer
I sell replenishable items in one category with 1 product type and model my business on what Chris teaches with improvements made every day. Will never be as good as Chris, but make a second full time income for part time effort.
With EBay’s new algorithm that came out back in October, it killed a lot of stores. It’s required a fair amount of tweaking and active involvement to bring it back. I highly recommend the Auction Professor channel. He’s addressed this in depth in the last couple of months. He brought his own store back from a standstill.
I grossed 6 figures this year but i’am so burnt out at this point from thifting and listing everyday i haven’t been doing neither one of those things this week…I’ve decided Thrifting everyday is NOT sustainable for me and if im going to continue reselling i need to find a way make my listing goal everyday without thrifting everyday…I have other goals in life other than reselling so i need a balance….if there is any advise I would appreciate it…Thanks.
I’m glad you brought this up, lots of people say it’s easy to thrift a living. That’s actually easy, but balancing everything AND thrifting is impossible imo. You have to have systems so you’re more of an owner if you want balance.
@@zeph7866 not necessarily. A system as in thrift 2-3 days a week and buy the amount you need to list for an entire week. That’s just one example. Since joining their Patreon group implemented that . Source 3x list 4. And 2 of the four days I list are from a draft bank. Him and tech are very knowledgeable In systems and they work. Hope this helps !
A real understanding of MLM precludes you from using the term "pyramid" in connection with discussion of a true MLM business, they are not the same thing at all. True, Utah is historically home base for many MLM's. I'm surprised you made this comparative illustration. Of course, there is a practical application of getting in early on any marketing 'wave'. However, MLM differs in that downline is genuinely able to generate more personal income than their sponsor if they are fortunate and effective and in a 'pyramid' (scheme) that is not possible. This is why pyramids & Ponzi schemes, which only survive on 'fresh meat', are unsustainable and illegal while genuine MLM's are not.
I just started looking at liquidations and was able to pay pennies on the dollar for popular items in clothing and hard goods. So for now I can still have good margins and be competitive over the platforms that I sell from and the three niches that I sell... I appreciate you sharing this information. The more money I have to invest the better deals that I get on the areas that I concentrate on. Your information is always top-notch and much appreciated. Blessings to you and your family now and always in all ways. Pam
My focus includes large size men and women quality clothing. Kitchenware quality pots and pans silverware also small vintage antique items that fall into my knowledge area.
