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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...

How to, trade secrets / 16.05.2019

Reselling is an Art I wouldn't recommend selling on eBay full-time. For the last 18 months, my peace of mind has been dependent on my sales. Recently my sales have been really slow. My gross profit for the past month dipped below $1,000 yesterday. But, just now I checked my account and I saw I sold a suit jacket for more than $100, and a nice Vineyard Vines polo for $24. Although selling on eBay full-time is stressful, I think this site is one of the best side hustles there is. It's...

tools for ebay, trade secrets / 10.05.2019

Shipping Q's Shipping can be confusing to a lot of new ebay sellers. People usually have a lot of questions like- How should I package my items? Which option to use? Where can I get boxes? Do I need to buy insurance for the packages? How do I buy labels? Though the shipping process can be overwhelming at first, eBay does a good job at simplifying it. You can buy and print the labels directly from ebay, and you will also get a small discount from the USPS (United...

How to, trade secrets, what to sell / 16.04.2019

The internet is seen as a lot of things by different people. For most of us, it's a way to connect with others on social media, find any fact out in a matter of seconds, and order things online. But what most people don't realize is that you can turn the internet into a money making machine. Don't get me wrong, consistently making thousands of dollars per month online has taken me a couple years, but making $100 is doable for everyone. The possibilities are endless. And the 5 ways I talk...

How to, psychology/ mindset, trade secrets / 09.04.2019

Why you need to clean out your inventory If you're a reseller with hundreds or thousands of pieces of inventory, whether it be clothing, shoes, toys, video games, electronics, or anything else, then you're bound to feel buried by it once in a while. When I first started reselling I didn't like to get rid of any inventory. I felt like I was throwing away profits because I already spent money to buy the item. So might as well just keep it. Maybe it'll sell.. Right? You have limited space for...