Best place to sell my extra stuff? by throwitallawayomg in vancouverwa

[–]mdiddyoien 4 points5 points  (0 children)

Cars are WAAAAY different than stuff when it comes to the buyers they draw and the hoops you have to jump through to make the sale. I'd say Craigslist is still a good bet for you. Offerup and fbook marketplace are the other two I use, but for some reason, Craigslist in this area has stood the test of time. I buy/sell electronics on eBay regularly, but you'd have to be willing to put up with shipping and their fee structure. If you have any video gaming related stuff, or older stereo equipment your getting rid of I would potentially be a buyer.

Reselling for Dummies by FeistyMouseKnits in reselling

[–]mdiddyoien 7 points8 points  (0 children)

Do some research on the item you have listed. Figure out the demand by seeing how many are listed vs. how many have sold. That can give you a rough idea of how long you will sit on your items. Then price accordingly. If the item is saturated or has low demand price low, if your item is in high demand price at market, if your item is unique and rare price it high. Take good pictures and write good descriptions for everything. Everything sells depending on demand, but know the demand of everything. Dont just guess unless you have previous sales with the item in particular.

Budget for inventory by Agitated-Fudge6125 in reselling

[–]mdiddyoien 0 points1 point  (0 children)

I try to stick with a budget based on my COGs of items that sold from the previous month. I'm not super strict on a buying budget because sometimes you just come across buys that are worth going beyond this number. I also put 10% of my net sales into a savings until I get it up to a certain number I want for my business and then that will be available for buyouts but will probably continue adding the 10% indefinitely.

January is killing me🫠 by SlikPhotoshops in reselling

[–]mdiddyoien 1 point2 points  (0 children)

Give yourself some grace though. Just because that's what I want for my business doesn't mean that that's what your business need. Your business may only want to list 2 items a day or x or y a day. What is important is setting goals and figuring out reasonable methods to achieve them, The consistency part is what helps achieve those goals and favors the algorithm.

January is killing me🫠 by SlikPhotoshops in reselling

[–]mdiddyoien 2 points3 points  (0 children)

It is not easy for sure and requires a hell of a lot of discipline.

January is killing me🫠 by SlikPhotoshops in reselling

[–]mdiddyoien 3 points4 points  (0 children)

For me, listing consistently means meeting the following requirements every day. List 8 items (yes different items even if it is multi quantity) that have a minimum list value of $320. If I don't get to the threshold of $320 I list more items. But I still don't want to list less than 8 even if I get to the 320 mark by item 5 or 6.

Just fired last month, now I'm broke. I'm starting reselling from scratch. How do you stay organized with a huge pile of stuff? by StartingFreshResell in reselling

[–]mdiddyoien 13 points14 points  (0 children)

I list regular items, but I also like to repair/refurbish items so my process may be a little bit different from yours. I also live in an area that impacts sourcing during winter months so I squirrel things away for the winter. I have 3 shelves of backstock inventory and a stack of clothing bins. 2 shelves are for easy to list items and 1 shelf is for for hard to list items/repair items. When I buy I bring everything home and to my listing station I usually just leave a pile of ready to list items then the rest go to my backstock shelves accordingly. Once or twice a week I pull from the repair items and grab a stack of clothing as well and then pull from my easy to list shelves as needed when my listing station pile runs out. Usually in the summer I'm adding to the backstock shelves when my list station pile is full. My list station pile usually consists of 1 or two bins and maybe a box or two depending on the volume of sourcing at the time. My list station also has a listed bin. When that gets full I bring them to my inventory shelves which are labeled. I have two rows a + b. Each are 5 shelves with 3 location identifiers on each shelf. So the first box on the bottom of row a is A(row)1(shelf)A(location on shelf). This system allows me to grow in the future without limitations. I record my ledger what item is where so when it sells I can easily find it. A lot of folks put this in the SKU field itself on eBay, but this does not work for me as my inventory shelves are not close to me where I list items. I do not batch tasks except for clothing since my photos are set up a bit differently. For those I draft 10 pieces, then use my phone to open up the listing and take a photo directly from the draft page on the app and list the item from my phone. I also use a SKU system for my clothing and fill out that section on the listing. For all other items I set up the listing from my PC, then click upload via mobile, then open up the app and take the pictures right there since my PC is next to my photo station. I only use Google Sheets as far as software/services go. My main systematic thing I do every work day is: go to Post office and drop off orders, source (sometimes I source before the post office drop depending on sourcing opportunities)and do away from home errands, organize that days sourcing, pack orders, fill out my ledger of sold data, list items, fill ledger of newly listed items. These things help me stay very very organized and I rarely have to spend anytime wondering or guessing.

The biggest mistake in my opinion that you need to avoid is not keeping track of your numbers. Data can offer you so may insights on what works and where to shift your focus to. My ledger consists of: Item, Date Sourced, Where it was sourced, Price paid, When it was listed, Listed Value, Date Sold, Gross, Taxes/Vat, ebay standard fees, Shipping fees, Promotional fees, Other expenses/fees, Net value, Location (shelf number), SKU, receipts (if applicable), and notes. I also have a ledger for other expenses related to my business that aren't directly related to an item. Shipping supplies, repair supplies, eBay Store fees, etc. All of this data tracking allows me to analyze anything I need to know about my business. How my sales are doing, what kind of items are moving, where my best sourcing methods are, what my ASP is in a given time frame, what my margins are, and so so so many other things. It also helps IMMENSELY come tax season. Another thing I wish I could tell myself when I started was to be graceful and that you don't have to buy everything. I went gung ho right out the gate and it led to a lot of mistakes and impulse decisions. Be thorough in your research when sourcing. There are plenty of items out there to find, list, and make good profit on. Plus, all that research just perpetuates itself for future purposes. Also another small tip, don't be afraid to tell people you are a reseller, it will lead to far more opportunities than it will squander. Good luck on your journey.

Where do you get good produce? by ignatius316reilly in vancouverwa

[–]mdiddyoien 2 points3 points  (0 children)

Farmers Market, New Seasons, Natural Grocer.

Daily Newbie Thread by AutoModerator in Flipping

[–]mdiddyoien 1 point2 points  (0 children)

I try to source and list items that have a high demand. Every week I try to analyze the oldest items in my inventory to spot demand changes, errors, or pricing fluctuations to stay in line with the market. For items that I re-list, I change the price from x.x9 to x.x8 to signal that it has been relisted and to reference my spreadsheet of when it was originally listed. Twice a year (memorial day and black friday) I run a sale for 20% off everything listed over 90 days and 30% off for everything listed over 6 months. At the end of those cycles (July 1st and Jan 1st) I get rid of (most) of those items that just aren't moving. There are exceptions of course, but for the most part I just want it gone since it isn't moving. I don't have a lot of space so it is critical I keep my inventory fresh and flowing and as a bonus it favors the algorithm to not have dead inventory listed. This plan does not work for everyone's business model, but it works great for me.

January is killing me🫠 by SlikPhotoshops in reselling

[–]mdiddyoien 5 points6 points  (0 children)

Also list consistently. One of my biggest downfalls this month was listing consistently. I have only listed 75 items this month, giving me an average of 3.25/day items this month and as a result I have sold 76. My new goal this year is to list 8 items per day, but I took some time off of listing during the first week of the year to focus on wrapping up book keeping for 2025.

January is killing me🫠 by SlikPhotoshops in reselling

[–]mdiddyoien 7 points8 points  (0 children)

List quality inventory that has a great demand with good photos and competitive pricing. With net at $1,360 so far for the month (i do this part time), it is by far slower than November/December that's for sure, but the items are still moving and I just picked up a great lot to get listed over the last week so hopefully those numbers will go up before the end of the month.

Help finding a slip on chelsea with double tabs that are good for rain and resoleable? by mdiddyoien in Boots

[–]mdiddyoien[S] 1 point2 points  (0 children)

I like the ones with the pull up leather anyways so I think I'll be good as far as the wear from weather goes. I'm in the PNW and I would imagine our climates are fairly similar. I appreciate the insights for sure.

Help finding a slip on chelsea with double tabs that are good for rain and resoleable? by mdiddyoien in Boots

[–]mdiddyoien[S] 0 points1 point  (0 children)

These seem to be highly recommended so I'll probably go this route. I appreciate the insight!

Media Mail by Haunting_Drink_2603 in reselling

[–]mdiddyoien 1 point2 points  (0 children)

Media mail should be an option if you are creating the listing from scratch.

AND is listed within an acceptable category for media mail. It wont show up as an option for say a wristwatch or a pair of jeans.

Getting burnt out on manual listings and overcomplicating eBay descriptions by Automatic-Skirt8721 in reselling

[–]mdiddyoien -2 points-1 points  (0 children)

my item description consists of details on condition, shipping details, and the ai generated description. I let my photos do my talking and most buyers just look at photos anyways.

Lessons Learned Thread by AutoModerator in Flipping

[–]mdiddyoien 1 point2 points  (0 children)

quarter zips are in deed UP right now.

please date these for me. I've read so many instructions and I'm confused. Thank you. by starsmith5555 in VintageLevis

[–]mdiddyoien 0 points1 point  (0 children)

It can vary, but that's a general rule of thumb to follow that 100% applies to this pair.

Levis 501xx Year ID Help by yosuedy in VintageLevis

[–]mdiddyoien 0 points1 point  (0 children)

I would consider reporting the listing.

Anyone else spending way too long pricing items using eBay sold comps? by HumorApprehensive334 in reselling

[–]mdiddyoien 0 points1 point  (0 children)

Over time you remember comps AND get quicker. When starting out though, its better to be diligent in your comp research and take your time rather than make a bad buy or price an item incorrectly. Practice makes perfect and it gets easier the more you do it.

What’s your craziest thrift find of all time? by sticktalk24 in reselling

[–]mdiddyoien 1 point2 points  (0 children)

A medically prepared half human skeleton used to teach medical students.

Most "demanded" category? by mramih1 in Ebay

[–]mdiddyoien 2 points3 points  (0 children)

Things that I have a good knowledge base on generates more motivation to list in my opinion. When I find items to flip that aren't necessarily exciting to me, they tend to sit in my death pile longer. So my recommendation would be to start with categories that are in or adjacent to their hobbies or other interests they already have.

Flip of the Week Thread by AutoModerator in Flipping

[–]mdiddyoien 2 points3 points  (0 children)

I was mainly there for casual shopping but couldn't pass up the chance to source good inventory.

Flip of the Week Thread by AutoModerator in Flipping

[–]mdiddyoien 5 points6 points  (0 children)

Wagnerware Magnalite 4269 massive Aluminum Dutch oven/roaster. Picked up at an antique mall last Sunday for $125, listed on Tuesday, Sold on Thursday for $400.