Chris, I will never stop reselling, I started my business during covid from $100 to 100k today. It's hard sometimes. But every year I am trying to do better. Bringing quality items over quantity. People must just do what you said and they will see more sales.
Great tips. I have however found that the items I am not excited about listing or photographing end up selling the fastest. This may not mean it is a "bad item" but just things I am not passionate about, but have a good sell thru. Also, re-photographing and listing your "crappy" items correctly can get them to move. Another great vid. Thanks
At the moment I’m still figuring out what are “quality” items here in the U.K. Brands I believe typically do well in the US, for example, barely see any interest here (or get ridiculously low offers that wouldn’t even cover shipping & fees!!). The local thrift stores near me rarely have anything decent, which also doesn’t help with gaining any momentum. I think part of the challenge is the current financial climate. People are often selling higher value items themselves, only donating lower quality items. And those buying are offering to pay super low amounts (or more reluctant to buy) because money just doesn’t go that far anymore. Just to keep chipping away at my minimum listing goals, I keep listing personal items. I’m going to start looking like a minimalist! 😂
Many times ive optimized and increased prices and made the sale a week to two months later. You gotta know what someone is willing to pay. Better pictures sometimes can garner higher price. Especially stock photos from direct websites. It takes time to google lens that shit tho. I havent bought in a while and just been listing the deadstock pile but now i think i have even a better eye for what sells
I have spent a lot of time with the "L"... lowering and liquidating. But a few of my items were not quality to start with. They looked nice enough, in good condition, but the sell-through rate is terrible, so doesn't meet my metrics. I couldn't be bothered bundling and trying again on Marketplace. So maybe time to donate and move on.
The only time i make money in my ebay store is when i call and complain then i get sale for about a week then after that the sale die down not sure why.
Hi Chris- I see that you are a numbers guy. I hope that you or your viewers can check my math: I just finished my first full month (July) with the following figures- 205 items listed, 39 items sold, $24.70 average price, net sales $433.52 Is it correct that I compute my 30 day sell thru rate at 19% with a predictable sell thru rate of 57% for 90 days if my numbers hold? I guess what I'm really asking is, do I have a decent understanding of how to apply sell thru rate? Been watching a lot of your videos. You've got some solid advice. You're earning whatever your advertisers are paying.
You said ten dollars in a week vs 20 in three months the ten is more profit. U could do that 3 times for 30 bucks in the 90 days just matters how you look at it
I quit reselling clothes is a useless dead end, and i find many good brands daily, like ralph lauren, lacoste, psycho Bunny, Burberry, wedding dressing NWT, here in Miami, best items at thrift but can barely make 30k a year doing this, i went back to industry i studied in college and now make $55 an hour as an animator. In 6 weeks animating, i made 6 months worth of thrifting. Sweating reselling labor. Reselling is only good as a side hustle addition tona Job, on its own irs frankly shit and too much work for variable payout not including the returns. Its nice to make a steady hourly rate and then you wont focus on sales being slow or not, you'll be glad to just get "additional money"
