When to buy an ebay store
3 Simple Ways To Start an $1k/week eBay Store
what's up guys welcome to a resaw his
life when he was Chris thank you so much
for joining me in today's episode when
we go over the three models that people
use to make a full time living reselling
I think this encompasses pretty much 99%
of all stores so if you guys enjoy hyper
content please smash the like button
I'll try to go over exactly what it
takes to build these models so that you
guys can build a store of your own so
let's get straight into it model number
one this is the most difficult and the
one that people liked the least
this is replenishable x' this is
ordering an item directly from a company
and I go over my 10 by 10 by 10 rule so
as an example these six packages for me
are the same thing I have the direct
connection with the manufacturer is on
the only person allowed to sell this
item now I want to be more clear on this
10 by 10 by 10 concept obviously items
don't sell exactly 10 times a day not
for exactly 10 dollars worth of profit
items sell for different amounts of
profit depending on what they are
certain items are gonna sell for less
profit I'll go over this little Chinese
charm in just a moment that I sold for
$25 on eBay you can look at those
keywords notice how this is not a brand
name this is just a lucky money god
figure so I'm using the keywords Chinese
New Year rare 7 monkey old man charm one
of the reasons why I didn't pursue doing
this is because of co vid so obviously
not the best time to be signed Chinese
New Year stuff in China when they didn't
even have it this year so this is the
concept of a replenishable in a sense
that I can just reorder these when they
sell out right so now the main
difference between this item and the
item in here is that the item in here
I'm the only one allowed the sell it and
it's not gonna run out this Chinese
charm I just bought from a local
distributor and it will run out so I
could reorder it but then it's not going
to be available once it's sold out these
I'm the only person selling it I can
just keep reordering and they can just
keep remaking it when they run out this
right here is interesting because the
person that makes this item is based in
the United States
so I don't have to wait for a long lead
time to reorder these this is something
new I'm trying it does not sell ten
times a day and it does not make $10
profit it makes about $8 profit so again
this is just an example ten by ten by
ten for a thousand dollars profit will
give you executive level money that's
three hundred and fifty thousand dollars
a year you'll make if you actually pull
that off if you get just three of these
items you're gonna be making a
professional level income of a hundred K
or more I consider that what you would
try to make it be in an MBA in something
and then finally if you just have one
that's kind of like you're just over
broke job money so if you just have one
item that those ten times a day for ten
dollars profit that's 300 I'm sorry 330
thousand dollars per year in profit
which is fantastic and it sounds easy
but it's not it takes a long time to get
into a niche to do that and I'm gonna
show you guys what it takes to really
pull that off so before you get to the
replenishable x' and the wholesale
distributor relationships another thing
with these wholesale distributors before
we move on is it's a race to the bottom
everyone can get these little Chinese
charms by just figuring out where it is
you could do a reverse image search and
find out eventually who is selling it
it's a race to the bottom once everybody
has it right versus if you're the only
one I'm the under person setting the
price so that's like the best this is
second best when you don't have to do as
much listing you can just list one item
and reorder it when it sells out but it
will eventually sell out so you need to
get these relationships on points so you
can keep reordering different kinds of
things so this is the first version and
the most desirable in my opinion but
it's sort of the opposite of the third
method that people love to do which is
the treasure hunt store
okay the treasure hunt store is when you
just go out shopping for random things
this is everyone's favorite store you
know somebody said that the opposite of
music is business that's how I look at
this like the opposite of just looking
for things for fun would be just picking
one thing and figuring out how to get it
directly from the person who makes it
right so this is the more fun version I
broke it down cuz a lot of people want
to do this and we're just getting
started you may not want to invest ten
months in the one item you might just
want to go thrift
and sell stuff in your closet so let me
give you guys an idea the difference of
this so let's say you were to sell $110
profit items this is how most people do
it from that I have met to do this full
time they spent 20 hours finding stuff
and they go home and in 20 hours of
listing and shipping and etc as you get
better at shopping though your stuff
starts to go higher so now instead of
$110 profit items you want 50 $20 profit
items that's gonna save you a ton of
time because now you're only doing ten
hours of listing but since those are
harder to find you might spend thirty
hours of hunting now here I want you
guys to notice something it's always
gonna be about five listings per hour so
you can see here 100 items was 20 hours
down at the bottom if you're really an
expert in shopping every single item you
buy is $100 profit then it's only two
hours of listing now here's the variable
that can change which is right here on
the right which is how long does it take
you to actually source these items
that's gonna depend on how talented you
are at finding stuff sourcing items now
that's not super easy and it takes time
to learn but I want to just point out
that the actual listing processing
shipping part is about the same whether
you're selling a $10,000 item or a $50
item it's not that much different you
know you're gonna have the research to
find out how much it's worth etc so
that's pretty straightforward but the
hunting part now you can even outsource
that you can hire people to go treasure
hunting for you which is more exciting
to me because I would rather be a home
relaxing than out there hunting for
random Goods and potentially not finding
anything now if I were to go to like a
thrift store or garage sale yes it's fun
but I want to search for treasure for
fun I don't want to do this for a living
I actually it stresses me out thinking
about having to do 20 hours of shopping
and having to come home with a hundred
pieces of inventory that scares me and
not knowing what category means it will
take a really long time so I encourage
you guys to do something in the middle
which is number two okay
it is the categorical store
so this is where most people that I meet
make a full-time living it's a little
bit more stable and what you do is you
pick a couple of categories that focus
in so for me it's shoes we're gonna pick
a second category would be electronics
like phones computers etc also you know
to be honest I might actually pick
clothing as a category to focus on
because there's just so much of it so if
I were to do clothing I would do
liquidation or close out try to get a
lot of good new stuff in my store and
what this is is it's gonna help you
purchase in bulk so then you're gonna
spend a lot less time shopping and you
can just start you know listing and
building relationships with people now
here's the thing that's really important
to focus on so again please smash the
like button consider subscribing if you
find this information useful and just
keep in mind that once you pick a
category this becomes way easier because
you start to learn okay
these shoes are easy to ship in these
poly Millers you guys know that I hate
using tape the only reason I use tape on
this box is because it's a heavier box
and I wanted to reinforce the seam but
the rest of the package is today I
didn't use any tape which makes me happy
it seems like there's always the one
that screws up my not wanting to use any
tape methodology because it just takes
time to put tape on a package and I want
to save that time to do something else
but my point is once you start focusing
on a category you start to find ways to
save time you start to find suppliers
they can get you goods you guys know
that I know one of my suppliers gives me
brand-new Merrill's so I was able to buy
I think 2000 pairs from the same person
but that wouldn't have happened if I
didn't focus on one category of shoes
because I never would have met this
person you start to ask who sells
merrill who sells Nike and Nike is a
great example because in order to get
these marathons style shoes guess what
you have to be a Nike running shop this
is the only type of store that can get
this kind of marathon shoe these shoes
retailed for two hundred and fifty
dollars or sold out everywhere
I picked this up on Poshmark which is
becoming one of my favorite places the
source items cuz sellers are so
desperate they get rid of inventory I
think I bought that pair for 80
I'm sorry 120 bucks and should sell for
300 so once you start focusing in on a
category whether it be phones or shoes
you start to notice these little things
that help you get more items now you may
pick clothes out or liquidation or
recycling or Salvage and those are also
bulk buys liquidation com Volcom and
those items are gonna come in and bulk
and you're gonna be able to list them
and in my opinion you need to do a
really really good job of sorting the
items and that's gonna come down to
which items are you going to donate
which items are you going to list which
items are you going to discard some
items are not even worth donating and
you know depending on what type of item
it is you might be able to get a slight
write-off for actually donating some
different items so again I just want to
summarize for you guys this is pretty
much what resellers do or if you want to
open an online store it's the same
either you're gonna focus on a category
because no one wants to shop at
everything store it's confusing but
people love shopping it amazing running
shoes calm for a specific running shoes
right
so what yours the mix categories is
gonna help you streamline to make your
store better if you're gonna do a little
treasure hunting go for it I love
treasure hunting myself I just don't
want to do it for a living
I want to treasure hunt for fun like if
I were a musician I wouldn't want to
spend 90% of my time marketing my song I
would want to actually be playing music
so you know most of my friends are
teachers or musicians and do not care
about business at all that's why I think
that business is the opposite of music
it's like the opposite of fun for them
they hate it so but for me business is
kind of like music because I'm looking
for different ways to sell things to
different people and I consider sales
the transfer of enthusiasm from one
person to the next so that's just me and
hopefully if you guys eventually want to
do the replenishable game and hopefully
i've encouraged you to think about this
a little bit it takes a long time so
don't be a
/ impatient person and think of the
sticks oh no this is an overnight
process it's not it takes a while to
really really good get good at one skew
or one thing and I can tell you that
this specific package right here is in
the crafts category so I love selling
craft stuff I think it's on fire right
now especially because people have to be
at home so this item I think will not
sell as well once the situation we are
in is over because right now I feel like
just the ton of people are at home so
you have to adapt reselling as a moving
target things like this Chinese New Year
charm probably not gonna sell well
during Hanukkah right it's probably
Chinese New Year thing so in when I was
able to pick this up that store locally
that distributes these types of items
doesn't carry this type of item right
now because it's not in season they're
gonna pick it up in December January
before Chinese New Year at the end of
January right so it was $8.00 I sold
this for 25 to give you guys an idea of
what kind of margins can be had you
can't still double your money on this
the problem is if this actually were to
start selling like crazy somebody's
gonna come in there and sell for $13
because this is a first class and
they're gonna you know make a dollar on
it and be satisfied with that when I
wanted to double my money so again it
depends on it is a race to the bottom if
you're gonna do that that's why people
don't like flipping stuff at Walmart or
Target clearance and guys I hate waiting
in line at Walmart to buy something I
wish I didn't have to go into that store
ever really it's not the best buying
experience so again I think it's a
mixture of all these different types of
stores because you got to be happy you
got to have you know the sense of an
adventure going out and finding cool
things but then you also want the
stability of eventually working with the
manufacturer directly so hopefully guys
that was useful now to plug myself a
little bit please support my channel my
blog is ad-free
also my podcast is add for you if you
guys don't want to watch commercials on
youtube and that's a daily Roth I meant
calm you can check that out I also have
a reseller for 35 bucks that goes over
my systems it's gonna get a hardcore
overhaul in the next few weeks because I
have a little bit more time
I am just in the process of hiring two
more people to work here it's a little
bit funky because of their current
situation we're in but once they're
hired I will be updating that guide like
crazy so help me out 35 bucks with code
youtube' I think it's super worth the
money and I'll refund you if for some
reason you don't think it's useful but
it's a fairly inexpensive considered a
thank you product for me making these
videos for you guys also I have
one-on-one consulting if you guys want
to schedule a call I'm excited to talk
to different people about building their
stores I'm pretty passionate about
helping you build a store so have
consulting I have my field guide I also
have my mastermind call we meet 30 times
a month live you can ask me questions oh
also best part sorry for not mentioning
this earlier in the video I am gonna go
over in the private calls examples of
all this stuff including me building a
replenishable from scratch I think it'll
take me 90 days I don't know if it'll
make me a hundred dollars a day profit
but I can find something that sells
every single day in 90 days no problem
so I'm gonna start from scratch in the
group show you guys how I do it and that
group is a hundred and twenty five
dollars a year it's ridiculously
inexpensive get around like-minded
people who want you to succeed drop all
the crappy people in your life that are
time vampires that want to hang out and
do nothing productive just just
basically tell those people you're
working on an important project and then
you'll get back to them never okay just
be honest with them and say you're it's
really important for you to set up this
store so that you can have some freedom
so guys appreciate your time smash the
like button support my channel I'll talk
to you guys on the next show take care
peace
