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trade secrets, what to sell / 11.08.2019

Reselling   There is a fortune to be made in reselling hidden gems that you find at thrift stores, yards sales and Goodwills. The hard part is knowing what to look out for. A couple years ago I went into my nearby Goodwill everyday (sometimes twice a day) and studied the racks and shelves. I looked things up as I went on the eBay app to learn what resold for good money and what was junk. Because I had just let college, I was desperate to make a full-time income online and...

How to / 30.05.2019

Amazon’s Empire I work part time at a small health food store in my hometown. I've been working here for 2 and a half years, but it's been in business more than 20 years. Now there's a Whole Foods (owned by Amazon) being built a couple miles away from us. My store isn't renewing our lease next year.. Most small businesses can't compete with the rise of mega retail corporations, and especially not with rise of e-commerce. There's infinitely more selection online and the prices are lower. You can also get...

How to, tools for ebay, trade secrets / 20.05.2019

What is COGs? Cost of Goods Sold is exactly what it sounds like. It's the cost of your inventory that has sold.  You need to know this so you can figure out your net profit, and for tax reasons. When I first started reselling I would manually keep track of what I bought each item for, how long it took to sell, how much it sold for and how much it cost to ship. I liked to know my exact profit and total expenses for each item sold- that's why I would...

psychology/ mindset, tools for ebay / 10.05.2019

Freedom Money is freedom. My dream is to make enough money from my internet businesses to buy some land, build a house and start a small homestead/ farm. But this requires a lot of money. I'm a 25 year old single male. I often don't get as much done during the day as I would like. Most days, it feels like I don't have enough time. (I can't imagine having children to deal with as well). Ore maybe I actually have too much time. Sometimes, the busier I am the more I...

How to, psychology/ mindset, trade secrets, what to sell / 06.05.2019

They took our jobs! I work part time at a small health food store in my hometown. There's a Whole Foods going in about 2 miles away from our store in the next year. The store's lease for the building is up at the end of this year. The owner of the health food store wasn't sure if he wanted to renew our 5 year lease, so the Whole Foods was just the final nail in the coffin. It's hard to argue that small mom and pop shops can keep up...