Culture
EP468- Is The Cost Of Reselling Too High? - eBay
In episode 468 of Pierce a Podcast, hosts Mike and Orlando delve into the challenges and misconceptions surrounding reselling on eBay. They discuss the impact of fees, the value of the platform, and w...
EP468- Is The Cost Of Reselling Too High? - eBay
Culture •
0:00 / 0:00
Interactive Transcript
spk_0
Welcome to Pierce a podcast. I'm Mike and this is Orlando and we're on episode 468 and this is a
spk_0
themed episode. That's right. And we love these themed episodes. If you're new to Pierce a podcast,
spk_0
you're not quite sure how we do these things. Every other week we have a different type of episode.
spk_0
So one week is our update episode. That's where we talk about the things we're doing in the
spk_0
reselling world. You know, our recent finds, the polos, what's going on in the reselling world
spk_0
in general, some news and updates. But the themed episodes are where we kind of narrow in on a
spk_0
specific topic. So it could be shipping. It could be lists listings and sourcing and we look at
spk_0
very specific things. And so these are our chance to really kind of dig into the stuff that maybe
spk_0
we're hearing people complain about questions that we've had or the things we know that both
spk_0
new resellers and longtime resellers are potentially dealing with. So we are excited about
spk_0
this. Orlando, what are we talking about today? So here's the thing. People will, I'm sure, comment,
spk_0
we'll be like, Oh, you guys talk about those same stuff all the time or you've already covered this
spk_0
many times. Okay, I want to address a few things. This is episode 468. So chances that we're going to
spk_0
talk about the same stuff about reselling pretty high at this episode. Also, there's only, you
spk_0
know, there's only so many like avenues that we could talk about reselling that helps people,
spk_0
right? Like we can get really niche and like start talking about watches and start talking about
spk_0
shoes and we could do that. But I always feel that, Hey, we need to kind of like bring back some
spk_0
stuff and address new sellers and and experience sellers also chime in and they're like, you know what?
spk_0
That was good for me to hear because I haven't thought about that for a while. So today's episode
spk_0
we're going to talk about like, is it really worth it selling on eBay? Like because all the time,
spk_0
right? You hear this language like, yeah, reselling is not worth it. Like with the returns,
spk_0
like you're never going to make money or or eBay's fees are too high. All you have to do if you want
spk_0
to find these people go to e-commerce bites and go to their comment section on any article,
spk_0
like you will find these people that have given up on eBay. I think we've done some episodes where
spk_0
we've like read a couple of comments out of e-commerce bites, but we should have a whole episode
spk_0
one time where we just it's like an e-commerce bites episode where we, you know how like those old
spk_0
late-night shows would do like crazy. Yeah, we should do something like that where it's like
spk_0
where we take turns reading them and then maybe in like the voice that we think this person speaks in,
spk_0
like that would be yeah, it would be pretty funny. You know what? Maybe I'll pull up, maybe I'll pull up
spk_0
some comments here like while we, because I'm telling you like it's always here. Okay, I just pulled
spk_0
one, the article was let's just see what it says. It says eBay ad shipping reminders updates
spk_0
bureau portal. Okay, we, you know, we talked about that in one of the last updates. So now I'm going
spk_0
to go comment section. Let's see, oh my goodness, the first comment is as if a shipment is delayed,
spk_0
buyer can submit a claim if they don't receive their item on time, if the claim is approved, buyers
spk_0
will receive a refund. Even if he shipped on time, this can impact impact your solar metric. So
spk_0
this is what eBay said. This person, what's the response? Even shipped on time, why would you get a
spk_0
defect? What kind of new crookedness is this? Do I work for UPS, USPS FedEx? Can I control other people?
spk_0
And it said eBay says, we're always looking for ways to enhance our support and protection for you
spk_0
and improve your selling experiences. The comment, no, you aren't liars.
spk_0
Say, well, I like what, like, why are you so explosive? Like, well, what, what, what, who are you?
spk_0
Like, what's going on? Right? And, and, and, okay, don't get us wrong. Like we, we, we, uh, we joked
spk_0
occasionally about Orlando having eBay tattoos on him. Uh, but, but I feel like we've been pretty
spk_0
fair on the podcast over the years of, of, of, of making our complaints about eBay and saying,
spk_0
like, hey, we think they're really weak in this bot or this is a poor decision. Uh, but also,
spk_0
you know, when you're professional about things, uh, you, you tend to get a little bit further.
spk_0
So, but we should do a fun, uh, e-commerce bites up. So at some point, uh, but our first thing here
spk_0
that we often hear people say and say about eBay is, uh, it's fee bay. You know, it's just a bunch of
spk_0
fees. And I'm going to be the first person to say, I have probably complained about the fees on this
spk_0
podcast a thousand times, right? Now, there is a, there is a level of, of, okay, this is appropriate
spk_0
to say, hey, eBay's Q4 or Q3 earnings went up and look, they're making more money as a company.
spk_0
And now look, their stock is more valuable. Well, how did they make that money? Well, they actually
spk_0
didn't sell more inventory this year than they did last year or the value of the inventory.
spk_0
They sold wasn't more than the year before, but they've increased fees, right? So I'm been the first
spk_0
person to say like, hey, there's an issue with this where if, if the only way the company is sustaining
spk_0
itself and growing is through increasing fees and not by keeping the fees the same and increasing
spk_0
the number of buyers on the platform, there's a problem there. But the side where people take this
spk_0
too far is when they say, you know what, uh, the, the, the fees are just too much. It's not even worth
spk_0
reselling and all they do is charge and so much the, what they're charging. Look, the fees are almost
spk_0
nothing if you compare it to all of the other costs that you would have if you were trying to have
spk_0
pretty much any business, right? Like if I wanted to be, if I want to have a brick and mortar
spk_0
reselled type store like a pawn shop, I've got to pay, I've got to pay my rent. I've got to pay like
spk_0
fees for, I mean, my wife is a homeschool director and she has to pay fees in order to have the license.
spk_0
She has to pay fees in order to have insurance for her business. She has to pay fees to the facility
spk_0
she's using. She has to pay fees to, uh, for the supply, like there's fees on everything. And
spk_0
so no matter what type of business that you're operating, there's going to be fees. And the fact that
spk_0
this fee is really the only fee you have for a platform that is already designed, developed,
spk_0
and it's out there. It's, it's, it's already got the reach, right? I don't have to build up my own
spk_0
store and then advertise for it. When I put my item on eBay, I get to basically buy the eBay name
spk_0
and their branding and their outreach, right? That that's part of what I'm paying the fees for.
spk_0
Now would I be happy if those fees were less? Absolutely. I mean, who wouldn't be?
spk_0
But at the same time, if those are, if that's the extent of the fees and that's not to minimize
spk_0
that, yes, you do have to pay for your storage fee. If you've got a storage unit and you've got to
spk_0
pay for your gas, there's other things you have to pay for as a reseller. But this specific fee
spk_0
is relatively small compared to all the other types of fees that you would potentially have to be
spk_0
paying for other types of businesses. I mean, heck, even if you're like, you know, an Uber driver,
spk_0
I mean, maybe Uber, I don't, I've never done Uber, but I'm sure like, you know, if you're a taxi
spk_0
driver and you're probably paying a certain percentage to the company owns the car or the company
spk_0
work for, if you're a barber, you're paying a fee to use the chair at the barber shop of whoever
spk_0
owns that place, right? There's fees for everything. And so relatively speaking, the fees are are not
spk_0
enough to keep somebody, it shouldn't be enough to keep somebody out of reselling. If you can't
spk_0
handle the fees that are on the eBay listings, you're probably in the wrong business. That being said,
spk_0
would I like it if eBay could make more money by increasing their revenue, by bringing in more
spk_0
buyers as opposed to just increasing fees? Absolutely. But it's not too bad. And at least we're not paying
spk_0
per like picture, you know, like every picture after three, you got to pay for it. If you want to have
spk_0
more words in your title, you got to pay. And if you want to have a description and for every item
spk_0
specific, you're paying a fee like it could be way worse. And let me add to that too. Like let's
spk_0
say you did because there was a time that eBay did charge you for more pictures. I don't know what
spk_0
it was like eight tenths of picture, even still like what eBay provides for you is ridiculous.
spk_0
Right. Like if I went to the swamp me, right, Kobe swam me in San Diego, I figured what was the
spk_0
last time, how much did you pay last time to do that? Mike, I don't know. I didn't do the Kobe.
spk_0
I did the San T1, but you know, you paid like 20 bucks or something for your. Kobe, I think
spk_0
is like 50. It's, it's, but you okay. So you pay 50 bucks, right? And you know, you need
spk_0
to have a decent amount of inventory, but at the swamp me like you're going to be selling stuff
spk_0
for cheap, right? So you're paying 50 bucks. Now you could go to eBay. And in the luxury of your
spk_0
home, you can take pictures, you can upload pictures, right? And you're paying, let's say you pay,
spk_0
let's say you even pay 20% fee, which is a crazy amount, right? But let's say you pay a 20% fee
spk_0
and you saw something for a hundred bucks, right? That's $20. And let's say you picked up the item
spk_0
for four or five bucks, like that's still crazy profit, right? You said, you know, if the fees kill
spk_0
you like you're in the wrong business, well, it's not only are you in the wrong business, you
spk_0
may be doing the business wrong, right? You may be buying stuff with very low margin. But if you keep
spk_0
your margins at a certain place where you're going to be profitable, like eBay is the way to go.
spk_0
And not only that, eBay, you know, Kobe's want me like it'd be San Diego. So you're only getting
spk_0
people that walk by with eBay, you can get the entire nation looking at your stuff, right? All the
spk_0
people in on, you know, on eBay and the United States, if they're looking for your product, they
spk_0
can find it. Not only that, you can also have the entire world, right? You have a hundred things
spk_0
like a hundred and 60 million, right? Buyers on eBay that will look at your item at a fraction
spk_0
of cost, right? You could try to run your own website. That's really hard. Like that takes a ton
spk_0
of time that takes a lot of paying Facebook ads, takes a lot of work, right? But eBay gives you that
spk_0
avenue, right? And the barrier to entry isn't that tough. Yeah, there is a curve. Yeah, there is,
spk_0
you know, you've got to figure out how to upload stuff and how to do your listing and you've got to
spk_0
figure out shipping and all that. But as far as the cost that you're paying out of your pocket,
spk_0
I mean, you don't even have to pay upfront to sell stuff. Like back in the day on eBay,
spk_0
there was a time where like you could sell stuff on eBay. And if it didn't sell, you could end up
spk_0
picking like fees for your listing fees. Now you still may get that like if you have too many
spk_0
items or you don't have a store or something, but it's very slim that you end up in like you have
spk_0
to pay to sell on eBay. eBay takes your money after the fact. So it's a win all around. Like if
spk_0
you're new to reselling, you're like, I don't know, I'm so really worried about the fees. Do not
spk_0
worry about the fees, but you need to worry about is your cost of goods. Like how much are you
spk_0
paying for your items? Right. And if you pay, you know, very good margins on your items,
spk_0
you're going to do very well in eBay regardless of the fee. Even if you do promoted listing fees,
spk_0
like I do dynamic ad rate. And sometimes I do have crazy fees. Like I end up paying like 20% on some
spk_0
stuff. But I pay like a dollar for something else, so if for 50 and like, okay, I turn the dollar
spk_0
into like $28 profit. Like how there's rarely any other place I can do that for such a small cost.
spk_0
I agree. Now the other part is, and this is kind of like the next thing we're going to talk about
spk_0
is, you know, a lot of people are like, Oh man, like getting inventory costs way too much.
spk_0
Like what, like what are you, what are you talking about? Like there are garage sales,
spk_0
galore, even if in the Midwest, even if there's no garage sales, there's Craigslist, there's
spk_0
OfferUp, right? There's Facebook Marketplace, there's your church, rummage sale, right? All those
spk_0
places allow you to get stuff really cheap. Right now, does it take a little bit of work? Of course,
spk_0
it does, right? It takes you being sometimes scrolling for hours, right? To find something, right?
spk_0
Garage sales, to take you some time to plan out your garage sales the night before, to take you
spk_0
some time to go get gas to make sure you have, you know, five and ones to make sure that you,
spk_0
you know, hit as many houses as possible. It does take some time, but there is the opportunity.
spk_0
Like there, there is no shortage, right? Of you being able to get cheap inventory. Like
spk_0
because I've heard people before saying, I can't find anything. It's like, no, you're just not looking.
spk_0
Yeah. Yeah. And that's the thing too is like when you're talking about like, okay, this is
spk_0
different. If you're, if you're like a long time reseller that's in a niche, it's very possible
spk_0
that the avenue you were using the source, like you're your, your source, your actual place where
spk_0
you're getting your inventory might have gone up. The prices might have gone up. Maybe you no longer
spk_0
have the connection you had where you were getting pallets at a certain price. So it is very possible
spk_0
that like your individual experience could be like, hey, the cost to acquire inventory has gone
spk_0
up for me. And I think we've all experienced that like you used to be able to go into thrift stores
spk_0
and get things much cheaper than you can now. But along those right when, when he says that
spk_0
those aren't your only options, right? Especially if you're like a brand new and you're like,
spk_0
I don't even know what to sell. Like you can honestly just start selling free stuff. Like I would say,
spk_0
I for sure, resell nice old stuff that was in my house that I just wanted to get rid of.
spk_0
Because I wanted to learn the process. How do I ship things? How do I list things? Okay. Then it was
spk_0
ham to go to some garage sales. I'm, I'm bringing $20. Like I'm just paying $20 over the next
spk_0
couple of weeks of garage sales. And whatever money I make off of that, I'm going to put right back
spk_0
into it and go to more garage sales. But I just as easily could have done free stuff. I mean,
spk_0
some of the best scores I've ever had have come from free finds that I found on the side of the
spk_0
road. Right. Someone just has next to their trash can. I'm not like the typical like, I don't,
spk_0
I don't do that all the time. I know some, we have some listeners. We have some people in our
spk_0
our discord who are, you know, it's pretty regularly. It's like, hey, there, our community has a
spk_0
day where it's like, you know, people set stuff out for their trash that's like, you know,
spk_0
pick up day for bigger things or whatever. And they always drive around those days and
spk_0
potentially picks stuff up. So you could even do free on Craigslist. You can ask people.
spk_0
Yeah. You know, in your, I, there's been a lot of times when people find out that I'm a reseller
spk_0
that they're like, Hey, I've got such and such and such and such and such. You want it. And
spk_0
usually it's not anything that's worth it for me to sell. But if you're a brand new reseller,
spk_0
I mean, even just doing that, like talking to your coworkers at work, if you have a normal nine
spk_0
to five talking to your family and saying, Hey, like if you don't, if you're going to be taking
spk_0
something to the goodwill, let me see it first. I might be able to resell it. And you can start,
spk_0
right? And that's the thing is, is, you know, it goes back to that old story. I don't even know if
spk_0
it's real or not. We should grok it sometime or our chat, GVT to see if that stories are over the
spk_0
the whole red paperclip thing or like a guy started with one red paperclip, nitty traded it in.
spk_0
And his whole thing was I'm always going to trade it up for something better and better and better.
spk_0
If you treat reselling like that, I mean, that's kind of how most of us got our start is like,
spk_0
Hey, I had this one thing that I picked up at a garage sale for $5 and I sold it for 50 and I took
spk_0
that $50 and I bought more stuff. And then by the next month, I had like $250 and then the next
spk_0
month after that, I had $1,000 because I've just been buying things and putting that money back into
spk_0
it. And you do that for a long enough period of time, you're going to, you're going to do just fine.
spk_0
So even if you're picking up inexpensive stuff and it all comes down to like a trade of your,
spk_0
like you've got different resources, money's one resource. So if that's what you're concerned about,
spk_0
but you've got lots of time, then you don't mind shipping out things if you're only making $10
spk_0
per item. You don't mind listing things if you're only making $5 to $10.
spk_0
Because if you got the time, you don't have the cash to get higher quality inventory, then that's
spk_0
that the near and good spot, right? Because eventually you'll have enough cash off of selling those
spk_0
things that you can start to switch into buying higher higher items and things like that. So
spk_0
and the other thing too is even if you make mistakes, even if you're like, hey, I spent $100
spk_0
at garage sales this weekend and half of what I bought was trash. And so only the other half can
spk_0
I sell and I'm now only going to make $200 out of that $100 I spent. You know, that's not that much.
spk_0
If I could have sold those other things, that's a cheap education too. Like inventory that you
spk_0
purchase at a mistake is is an education. If you want to learn any any kind of skill or you want
spk_0
to get hired somewhere that has like a college degree requirement, you're going to be spending $10,000
spk_0
at dollars and so many hours on an education where most of the classes you take don't even matter.
spk_0
Whereas like, hey, I spent $20 on something. It was a bad buy. I'll never do that again, but I learned
spk_0
some stuff along the way. It's it's a no-brainer. It really is. Again, there's so so many
spk_0
I mean, I can go on and on and on and on, but it just it takes some work. That's all it is. It just
spk_0
takes some work and it just you know, that's kind of what it is. All right. So I every I think I
spk_0
really kill that one too much. All right. This next one is like, hey, still on eBay, like you're
spk_0
going to lose all this money on shipping. Like you're just not I get I feel like we're doing a
spk_0
myth episode, right? But there's this fear that like, hey, if I buy things and I got a ship,
spk_0
I'm going to lose a lot of money. Now I will tell you shipping has become exponentially
spk_0
like more expensive, right? I remember the good old days when we were shipping, I don't know,
spk_0
the start of the podcast eight years ago, like we were shipping stuff out medium flat rate,
spk_0
like for 13 bucks or something like that. And now like some places I do medium flat rates,
spk_0
like $19, right? Or there was a time when there's a thing called USPS first class mail and you
spk_0
can actually like ship stuff out for like, read something, which those days are gone. Like you get
spk_0
lucky if you're going to ship out anything for for something. It's very rare with USPS ground
spk_0
advantage. But here's what people miss is that if you are losing money and shipping, if it is
spk_0
cost you money, there's a few thing you need to take a look at. Number one, is it maybe that
spk_0
free shipping is great, but not for what you're selling, right? So I would say for clothing,
spk_0
if you have enough margin, like it's great to have free shipping, right? eBay encourages you to
spk_0
do free shipping. I don't do free shipping. I stopped doing free shipping a while ago. I don't
spk_0
get hurt my business, but you know, to each their own, but I charge everybody shipping. So for me,
spk_0
it's like, Hey, I don't lose money on the shipping. And sometimes I make money on the shipping
spk_0
every once a while. I do I actually, okay, I got to rewind a little bit. I do lose money on my
spk_0
shipping in the sense that instead of recharging, you know, like let's say it costs $15. I usually
spk_0
charge $14. And I lose a dollar on each item that I sell. But for me, it's like I'm trying to
spk_0
stay competitive, right? So to me, I get more sales. And so I don't mind losing that dollar for
spk_0
a sale here and there. I think the other thing you need to take a look at is, are you actually
spk_0
using the best kind of shipping? I get comments all the time, like, we're on the, why do you still do
spk_0
flat rate? Like you're losing money, right? Why don't you do USPS ground advantage? Why don't you
spk_0
do so flat rates a little silly? But hey, you know, you do you. You know what? I'm just being
spk_0
happy. I think I've just got a lazy like I probably need to go back and I probably need a
spk_0
restructure all my listings and the flat rate. But as of now, like I'm still getting sales, like it's
spk_0
not hindering myself. Not granted. I'm not full time anymore. So I wonder if I cranked it back to
spk_0
full time stuff. Like how much of it hurt my cells that now I still charge flat rate because flat
spk_0
rate is pretty expensive. These like it is wildly expensive. But if you're losing money on shipping
spk_0
number one, you're not like when you're buying, you got to keep the shipping in mind. Like you got
spk_0
to realize, Hey, I made buy this for five bucks, but the shipping may cost me 50 bucks. Right? Let's
spk_0
say it's a big heavy item or let's say the dimensions are kind of wild. So you got to keep that in mind.
spk_0
And if you go free shipping and you sell it for like 70 bucks, like you're going to end up in
spk_0
the negative, like, what are you doing? Like don't do that. So when you're buying stuff, make sure
spk_0
to keep the shipping in mind. And the other thing is, and Mike and I talk about this and I still
spk_0
think it's crazy that people still go to the post office and buy labels at the post office,
spk_0
or they go to UPS, like buy your labels off of eBay. Right? eBay gives you discounts. And if you
spk_0
become an top rated seller, you get even more discounts or use pirate ship. You know, it's funny
spk_0
right now, you know, I am at a school now. And we just have to ship out a ton of bucks. And
spk_0
the books that we were returning to the publisher, but man, if we went through like the post office
spk_0
or we went straight through UPS, we would have paid like 1500 bucks, right? And so there are ways to
spk_0
save your money on shipping. Anything you got to add to that one, Mike? No, I think you pretty much
spk_0
nailed that. That's good. Okay. All right. Hey, here's another way that you can save your money and
spk_0
it saved money from the government taking it from you. And the way you do that is by using my
spk_0
reseller, Geney. My reseller, Geney is software for resellers by resellers. Paul and Faith have
spk_0
been doing this for years. They took over when go daddy disappeared and they're only getting
spk_0
better. And actually, I do, I think I have a conference call with them here. I forgot to schedule
spk_0
one this week, but there's some new things coming through with my reseller, Geney. One of the
spk_0
latest ones I really liked is that you can get a schedule C on there. If you're wondering what it
spk_0
does, it takes all your eBay information, all your shipping that you paid, all your fees that you
spk_0
pay, it takes all your post marks off. And it puts it right into a format that you can give it to your
spk_0
tax person and they can run your taxes for you. So be aware, like my reseller, Geney, if you're
spk_0
worried about taxes, it's a great tool. I got my taxes coming up here in like a few weeks. It's like
spk_0
they delayed it October 15, but I'm okay because I have my reseller, Geney. So if you're like,
spk_0
I want to check it out, go to my reseller, Geney, use our code pure hustle. If you use our code
spk_0
pure hustle, you'll get 15% off the first month. Again, user code pure hustle and you'll get 15%
spk_0
off the first month. All right. All right. Our next one here, promoted listings. Now, remember
spk_0
promoted listings, gate. That was a good thing. Here's the thing too. Kind of going back to how we
spk_0
started the top of the episode here. Does anybody love paying more now? Like if I can make the exact
spk_0
same amount of sales, if I could do that as consistently as I do with less fees and not having to
spk_0
promote, of course, I would do that, right? But the reality is we live in a competitive world. I'm not
spk_0
the only one on the listing on something. If I am the only one on the listing, I probably don't
spk_0
need to promote super high if it's an in demand item. But if I've got 15, 20, 30, 100 other
spk_0
competitors on that listing, and I've done all the things, right? My pictures are the best that I
spk_0
can make them. My listing is the highest quality. I've got all my item specifics. Well, how do I
spk_0
have the competitive advantage? Well, you can do some things like being top rated. You could have
spk_0
good ratings. You could be, you know, just have that kind of social capital almost. But the reality is,
spk_0
eBay wants to make money. They want to make their share. And so if I have my items promoted and all
spk_0
other factors being equal, if it's the same price item and eBay is going to make a little bit more
spk_0
of mine sales, they're more likely to push it higher up on the algorithm, right? Now we know that
spk_0
they might reward other things on the algorithm. Like are you active? How fast are you shipping things
spk_0
out? If you're a new reseller, I feel like they push you higher on the algorithm because they're
spk_0
trying to hook you. So there are some other factors in play, but all other things being equal.
spk_0
If you are promoting your items at a percent or two or maybe more higher than your competitors,
spk_0
the chances of your listing in front of potential customers goes up. And the more that happens,
spk_0
the more likely you're going to convert. And so if there's a threshold, right? There's a point where
spk_0
it's like, Hey, there's a law of diminishing return. If I promote at 5%, I'm getting
spk_0
X percent more sales. If I change that to 10%, I'm not going to double the amount most likely.
spk_0
If I change that to a 50% promoted listing, well, that's not going to magically mean that now all
spk_0
of my items are selling the moment I'm listing them, right? Like there's a certain point where
spk_0
promoting it higher is not going to help you because if it's not an end-to-man item,
spk_0
your item's still not going to go. So you got to find that threshold for each item. But man,
spk_0
if you're promoting three or four or five percent on an item, again, that's nothing. If I sell
spk_0
an item for $100 and I have to pay the fees on it and I had to pay an extra 5% because I had
spk_0
it promoted at 5%. I lost $5 on that sell from that promoted listing. But if that item would have
spk_0
taken another three, four or five months to sell if I didn't have it promoted, I'd gladly lose
spk_0
that $5. Take my 95 and move on. So again, you have control over this. Now you can fight against it
spk_0
and say, well, I'm not going to promote it all, which is fine. Everybody else is going to,
spk_0
though. And unless your price is lower, like if you, again, if you have the lowest price, like if I
spk_0
have a $100 item listed for 85, somebody else has it listed for 100, but they're promoting at 5%.
spk_0
Well, the customer is still probably going to see mine because it's the cheapest one if they have
spk_0
a filter that way. And mine will still probably sell, but I'm, I'm, I've made even less. I might as well
spk_0
charge a little bit more with some promoted listing on there. So there's not, it's not that big of
spk_0
a deal. And again, it comes down to, we've talked about having that unfair advantage. I think looking
spk_0
back at like high school, wrestling was one of those things that like I learned a lot about this in.
spk_0
Is I remember when I was first getting into wrestling, my dad was like, you, I don't understand
spk_0
why everyone's cutting weight. Like, why don't you just wrestle at the weight you're at? It's like,
spk_0
okay, well, if every single wrestler on the high school teams was like, you know what, I'm not going
spk_0
to cut weight. Sure, that would work. But all it takes is one person to go, you know what? I'm going
spk_0
to, I'm going to lose 10 pounds before this, this so I can wrestle somebody who's smaller than me
spk_0
and doesn't have as much muscles I have. And they're going to win every time. So the only way I can
spk_0
be competitive if my competitors are doing that is I have to do the same thing. I have to be willing
spk_0
to cut weight too. So it just creates this environment where if you're not willing to do a little
spk_0
bit of promoted listings, sure, you can fight against it. You can say, no, I'm not doing it.
spk_0
You're probably going to make less. So it's worth it. It's one of those things where it's just the
spk_0
cost of doing business. No, agreed. And again, promoted listings like it's again, your cost,
spk_0
right? Your cost is going to be the ultimate factor on how much you can promote. So if you're
spk_0
losing a ton of money on promoted listings, it's, I think it's two things. It's number one. What are
spk_0
you picking up? Are you picking up stuff that's highly competitive? Right? That's going to cost
spk_0
you a ton of money. I remember Doc Martin at one point in time. It was like, if you really want to
spk_0
be competitive, you have to be like a 20% it was crazy. Right? This was like years ago. Right? So
spk_0
there's that. And then so if you're dealing with somebody that gets Doc Martin's, you know, for
spk_0
like 20 bucks and says them for a hundred, well, there's that person that gets them for a dollar,
spk_0
right? And they can up their percentages even more. So be aware of that. Like don't let promoted
spk_0
listings be an obstacle. I do think it definitely helps you. And I know a lot of people get upset
spk_0
about promoted listings and you brought up promoted listing and all that, but it's just a cost
spk_0
of doing business. It's just what you got to do. All right. We're going to do one more. And then
spk_0
we're going to get to our hustles of the week. eBay stores, right? Like eBay, I will tell you,
spk_0
I still think it's odd that eBay not only charges us to have a store, but then they charge us fees
spk_0
in the back after you sell them. What it is, what it is, it's the reality that's been handed to us.
spk_0
But it took a look here, right? eBay store, like I really do believe, I think once you get,
spk_0
like at least a hundred items, like you should have an eBay store. Like no question, because eBay
spk_0
store let's you do a lot of things, right? eBay store, you know, you get higher promotion. I believe
spk_0
if you have an eBay store and eBay store allows you to do markdowns and run sales, eBay stores
spk_0
allows you to look a little bit more professional on there, right? They recognize that you could,
spk_0
you know, you could have a whole banner or you could have all this and eBay store actually cost you
spk_0
less. So I'm looking at the starter. This is just a starter bag. If you had an eBay store,
spk_0
you had a starter store. I can't remember. These didn't even exist when we started the podcast.
spk_0
A starter store costs you for a yearly subscription, $4.95 a month or $7.95 a month if you do monthly.
spk_0
With that, you get 250 read listings auction and buy it now, right? And then anything after
spk_0
is 30 cents, okay? But you get to run sales, you get to do market manager, market manager, you get to
spk_0
do subscriber discounts on there. You can have a link for your eBay store.
spk_0
But then let's say you're like, hey, I think you should go higher. I always tell people like you
spk_0
should get the higher ones. Like I'm I right now I'm at premium, right? I've never had to go anchor
spk_0
anchors like pretty hardcore. I think enterprise is the $3,000 a month one. But how many people that
spk_0
listen to our podcast actually have enterprise? Let us know. Let us know in the comments if you're
spk_0
watching this on YouTube, do you have an enterprise store because I want to know like enterprise store,
spk_0
like let's say look enterprise real quick. If you have an enterprise store, you get 10,000,
spk_0
and a hundred thousand freelistines, who is this? No, a hundred thousand. I love the mud.
spk_0
Not even not our second sports. Those are business.
spk_0
Best day. Those are real business people there. Okay. Now anchor 25,000. That's a lot, but I
spk_0
I could see people like us maybe, I don't know what is that. What's the math? He can do the
spk_0
math. I think let me do the math. 25,000 divided by 30, let's say 30 days. That's 833
spk_0
listings. Okay. So that's almost second sports status, but he was 300 less than the thing. So that's
spk_0
and he was the best seller on eBay. So that's okay. So I'm a premium store. Okay. I pay I do
spk_0
the yearly. I pay 55 95 a month in it. I get 10,000 freelistines. Right. So do you know, do you
spk_0
don't remember? It's been so long. What's like 20 cents and 25 cents a listing? Let me see. I'm
spk_0
looking at it into the air. I feel like I feel like you get some free. Like when you're first
spk_0
starting on it before you get a store, like I remember when I first started it was like I had 10
spk_0
listings and I listed those and they rewarded me with more and then they're like, we're going to
spk_0
give you a hundred listings and then they're rewarded me with a few more. And then I eventually got
spk_0
a store because you know, I had discounts on fees and all that. So yeah. According to the
spk_0
CADGPT, you have a two two hundred and fifty. Yeah. And that's pretty and that's pretty good.
spk_0
It's pretty good. Yeah. Yeah. 250. Now again, that comes down to like, you know, if you're,
spk_0
if you got 250 items in your store, you're going to go over that right because some of those items
spk_0
are going to sell and you're going to be listing new items and then now you've gone over 250 for
spk_0
that month. But even still like a newbie like 250 items like that's that's that's that's plenty.
spk_0
Like you could really get rolling at that. Yeah. And with my premium store, like, I mean, I have,
spk_0
I don't know, 1800 something items. I can list up to 10,000. 10,000. Listen, you guys don't know how good
spk_0
we have it right now. Like I went to even the start of the podcast. It wasn't that high. I remember
spk_0
I think it went from a thousand to a 10,000 because I remember there was a time. I'm sure it's an
spk_0
episode like 43 or 67 or something like that where I was like, man, do I need to move up to the
spk_0
anchor store because premium stores really costing me money. And then eBay is like, nope,
spk_0
we're going to allow you to have up to 10,000 listings per 60 bucks a month. Like that's that's
spk_0
that's pretty good, right? And again, it feels like we're, you know, eBay does not sponsor us,
spk_0
eBay does not pay us. We just want to keep it real. Now, let's see, I went over to the 10,000.
spk_0
I'm only paying 10 cents per listing after that, which is pretty crazy, right? And then again,
spk_0
you can run sales, you can just try with discounts, right? You could do, you get access to
spk_0
therapy, right? Therapy is like the research stuff that you get that you can look up like seasons,
spk_0
what tells us in seasons, what's in the highest price or something. I believe it goes all the way back,
spk_0
like six years of data. So definitely check therapy. I mean, if you have, man, it's been so long since
spk_0
I used that tool. What was the tool that you can research stuff for a lot of way back? Was it wall
spk_0
was in there? Oh, yeah, I don't remember. I never used it. I never, I never had those,
spk_0
that type inventory. Oh my goodness. But that even is like 40 bucks, 50 bucks a month.
spk_0
But therapy, like it's party price sort, right? So again, don't get caught up in like,
spk_0
oh, man, like it's having to eBay stores too much. It's not worth it. No, it's
spk_0
it's totally worth it. Like you definitely make it happen. All right. Hey, uh, we're gonna jump into
spk_0
our hustle. Before we do that, though, we're gonna be sharing some hustle a week from our discord.
spk_0
If you're wondering like, Hey, how do you get in the pure hustle discord? It's very simple. It's
spk_0
very cheap 555 a month. Go to patreon.com slash personal podcasts or go to the link below. And for
spk_0
55555 a month, okay? 555 a month. What can you get for 555 a month anymore? I'm not sure there's much.
spk_0
You have the opportunity to enter a full thriving community of resellers, people that sell on
spk_0
eBay, some posh mark, D-pop, Amazon people that do retail arbitrage, people that do collectables,
spk_0
people that do cars like all kinds of dollars, all kinds of people that ship all kind of different
spk_0
items. It is a wealth of knowledge, right? I don't like making full on guarantees, but I'm pretty
spk_0
sure if you pay 555, you're gonna get your money's worth pretty quick. I would say within the day,
spk_0
you've spotted below that's in there. You get a hustle the week that's in there, a shipping tip,
spk_0
you get some advice, you get to vent a little bit, you will get that 555 worth. So make sure to
spk_0
check out our patreon. Go to patreon.com slash personal podcasts, sign up for that 555 a month,
spk_0
and you'll be able to jump on our discord. We are proud as a part, we are peers of podcasts and
spk_0
all social media platforms, except we are pure hustle cast on X. As always, if you want to leave us a
spk_0
know whether it's something you found today, we're sharing some hustle the week, any questions you
spk_0
can go to our email, peers of podcasts at gmo.com, that's peers of podcasts at gmo.com, and as always,
spk_0
grateful for all of you that watch us on YouTube. But if you're listening to the podcast and you haven't
spk_0
come over to YouTube, come on over, hit that subscribe button, smash that like button, click that bell
spk_0
notification, and it always grateful for all of you that leave us iTunes reviews. We are the most
spk_0
reviewed reselling podcasts out there. I just looked at our scores aren't too bad. Like we're close
spk_0
to a thousand. We love to get to a thousand. We are the largest reselling podcast. The most
spk_0
download out there as far as I know, and it's because of all of you. And when you tell people,
spk_0
hey, peers of podcasts, five stars, and this is why it definitely helps us. So if you haven't yet,
spk_0
come on over, help us out. Greatly helps us in the algorithm. Yeah. All right. It is time.
spk_0
It is time. Oh, and hustlers. It's the freaking puzzle of the week.
spk_0
Hustle of the week. All right. Our first one comes from Jaymon on the discord. It says,
spk_0
hey, everyone, I've been listening for a few months and finally decided to join the discord today.
spk_0
Love it. Thank you, Jaymon. Welcome. I happen to have a nice flip today. So I figured it'd be a
spk_0
perfect time to make my first post. Yesterday, I picked up three Micking softball bats. I hope
spk_0
you can send their mic and Micking from the store that shall not be named done, done, done.
spk_0
That's how we know this is a long time listener because we haven't called it the store that
spk_0
was going to be. They were tagged at six ninety nine each. But for some reason, the cashier didn't
spk_0
charge me the full price. So I walked out paying six dollars and some change for all three. Wow.
spk_0
I listed them today and already got an offer for a hundred and ten dollars on one. I didn't dig too
spk_0
hard on eBay for this exact bat, but it seems most from this brand sell in the hundred to a hundred
spk_0
and fifty dollar range pre-owned. Of course, I accept it right away. Super excited to be here and
spk_0
looking forward to contributing more in the future. So so far sold to Mike and ultra are sold to Mike
spk_0
and ultra to balance senior softball bat SS USA approved for a hundred and ten dollars plus
spk_0
shipping. That's fantastic. And you know what? Jay mom with that being like, hey, they didn't
spk_0
charge the full price a lot of times. You may not know, but like they'll do sales, right? Or it's like,
spk_0
you know, buy one, get one free or this tag is 50% off. So there may have been sales on those items
spk_0
and you didn't even realize it. No, agree, agree. And I love selling baseball bats. Love like
spk_0
garage shows are the best places to buy baseball bats. It is wild. So nice work there, Jayman.
spk_0
And thank thank you for supporting us. And actually, thank you. Thank you for supporting me for
spk_0
supporting us and jumping on the discord. All right. This comes from okay, salad sauce did have a
spk_0
hustle the week last team episode, but this is too good. And I was like, you know what? We got a
spk_0
gift props to sell it to us again. So salad sauce from the discord said, this may be my
spk_0
hustle of the year. I was once again shopping in the back of my favorite thrift store. They had a
spk_0
collar toilet. We always talk about would you be willing to sell toilet teacher? So the toilet seats.
spk_0
They had a collar toilet and some sort of collar collar because our collar, a large heavy metal device
spk_0
donated the day before. I had no idea what the large metal box was, but I gave it a look up on
spk_0
eBay and saw it a few use ones sold for $900. This one was still new and it is packaging just not
spk_0
in its original box. It was some sort of shower steam generator. They said they wanted $600 for it.
spk_0
Use one of my many saved up 50% coupons, 50% good for you and got it for 300 bucks sold for $1,999
spk_0
and less than two weeks total profit $1,286. It was a collar invigoration series, 9KW
spk_0
shower generator new open box. Beautiful. You know what's beautiful about that?
spk_0
Taking the risk. Yeah. Spending 300 bucks at a thrift store like, that's risky.
spk_0
Put the desk there and the money's there. It's worth it. So nice work there, Salitas.
spk_0
Props to you. Yeah, just appreciate all of you on the discord because I got to tell you these are some
spk_0
killer finds. Nice. Our next one comes from Croftman from the discord. So it says found this
spk_0
craftsman multi tool for 325 and turns out it's a pretty popular model. So it was a vintage craftsman
spk_0
professional 45471 sold it with the multi tool on the sheath and one day for $90 plus shipping.
spk_0
And I actually talked about that as a below just the other day. And part of that I'll be honest,
spk_0
like I knew about multi tools and I've sold quite a few because of you know just getting into tools
spk_0
a little bit more. But it was actually Croftman's post in the discord that kind of got me thinking
spk_0
like, oh yeah, like multi tools or something people sleep on. So again, what a great find. And
spk_0
it's another reason to be in the discord because you know, we're only giving you little bits and
spk_0
pieces of what's in there. You know, when we do some of these hustles the week or these bullows,
spk_0
but there's so much information in there. So we really appreciate that community.
spk_0
No, it's really good. I mean, it's again, I would have never thought about. And now,
spk_0
craftsman tools like there's some good stuff out there. So keep an eye, keep an eye.
spk_0
All right, my hustle the week. So I gotta tell you being part of time, I can't wait. I'm gonna hope
spk_0
that by the next time that I have a hustle week that I have a good one or really good one.
spk_0
Now listen, hustle the week could be something that you pay a dollar and you flip for 50 bucks. Like
spk_0
that's 50 extra money, right? That's so good. But I do miss like I haven't had a massive one. But
spk_0
so mine mine is good. It's still you know, a bolo, but you know, lounge fly, lounge fly stuff does so. Now,
spk_0
you gotta be careful, right? There's a lot of junk out there. But lounge fly stuff is, you know,
spk_0
they usually do like Disney stuff or they do collector stuff. And so once the thrift store paid like
spk_0
five bucks for like this Mickey Mouse, like this rainbow sequin, like backpack and it's sold for
spk_0
$67.50. So keep an eye for lounge fly. I always pick up lounge fly if I can. But do the research,
spk_0
like don't just pick it up because there's some stuff that like it's the market so flooded,
spk_0
like it may not be worth it. But that is that's my hustle week. It's not a huge, what I do love,
spk_0
though, is that it's sold international, right? And so if you don't have your international
spk_0
shipping turned on, make sure to turn it on. All right, what is your hustle the week? Like,
spk_0
I don't really have one. This has just been like a very basic week for me, just normal sales,
spk_0
nothing, nothing, nothing worth talking about. I think our hustles the week from the discord far,
spk_0
far surpass anything I can talk about. So I know. I know. I, you know what? I got so much of
spk_0
any of the lists. I need to start listening so I can have a good one eventually. Yeah.
spk_0
You know, you should list, list Freddy fun comment. But shipping that bad boy, like, I don't know,
spk_0
you know, I feel bad for Freddy. So you can't see I don't know when we started the podcast.
spk_0
This was like, what episode one we talk about him? Two or three, I don't know. But Toys
spk_0
was shutting down. And there was a Freddy Funko that was behind the cage and he was locked up.
spk_0
And they wanted a thousand dollars to free Freddy. They didn't get it. They didn't, or did they get it?
spk_0
They got the thousand. Come on, Orlando. Come on. What kind of, you know, I did try to negotiate.
spk_0
But for what a reason, I really wanted Freddy Funko. So I dropped the thousand. And I think he's
spk_0
worth like four or five thousand dollars now, but because it is a Freddy Funko store display.
spk_0
I would have just nothing against nerds because I'm a nerd. I've got all the nerdy books and
spk_0
the nerdy board games and I play D&D and all the stuff. So nobody can judge me. I can say this.
spk_0
But that has got to be the nerdiest thing you've ever done. Orlando is pay thousand dollars for
spk_0
a fun copop. That's top tier nerd. Just but it's so it is so cool. It is so cool. All right,
spk_0
here. I'm looking up. I'm looking up if there's any comps right now. Maybe the fact that I didn't
spk_0
sell it for such a long time. Maybe this is why I'll be single forever because you know,
spk_0
you walk in my house and there's just a Freddy Funko. It's a red flag. You know, it's definitely,
spk_0
it's definitely at least a beige flag for somebody, you know.
spk_0
All right. Okay. So no one has sold the one that I have. There's like an older looking that's like a
spk_0
it's a 2002 one. No, it's a wacky wobble. It's a bobblehead. Hey, that's a below. There's a
spk_0
so if you look up a 2002 funky wacky wobbler Freddy Funko bobblehead, it's worth like 200 bucks.
spk_0
That's crazy. Okay. So let me filter it to like if people are trying to sell mine if it exists.
spk_0
Nope. No where. So you know what that means. I can charge whatever you want. I can sell it.
spk_0
That doesn't mean you get it. But you know what I was driving by a restaurant in my town the other day.
spk_0
I mean, it's just like it's not even really a restaurant. It's like a sports bar. And you know what they
spk_0
have outside like sitting out in front like in the parking lot. What's that? Old Bob's burger
spk_0
Bob boy like. Oh yeah. What's the what's the Bob's big boy? Bob's big boy. They had a Bob's big boy
spk_0
sitting out front like and it has nothing to do with their sports bar. But I'm like they probably
spk_0
got that one of those Bob's big boys close down. I wonder I mean, you can get those things. I mean,
spk_0
those things sell for I mean, not necessarily easy to get those things. But like when businesses sell
spk_0
like their old mascots and signs and stuff, places like sports bars will buy those things like
spk_0
you could do good. You could do good. I get you Freddy Funko ended up in a sports bar or something
spk_0
one day or one day. You know what? You know what? It's going to happen. It's one day I'm going to pass
spk_0
and there's going to be an episode of American pickers like 2.0. They're going to go to my son
spk_0
like what what's in here? And my son's going to be like, I don't know. My dad like has this like
spk_0
random like thing in this closet. And it's going to be Freddy Funko full of dust just sitting there.
spk_0
And there's I just I just picked up the Bob's big boy aluminum statue like one of those full size
spk_0
ones they had out. There's one there's one up for sale right now for $750. It's got 71 watchers on
spk_0
it. It's obviously a local pickup. But but man, that's geez, you could there you go. You do good.
spk_0
There you go. Sorry, I didn't mean to interrupt your your story about about when people come in
spk_0
after you pass to buy stuff out of your house. It's okay. It's dark man. I don't want to go down
spk_0
that path. Yeah, I know. I get I get why to everybody say, all right. All right. So let's get back to
spk_0
a regularly scheduled program. What's another by the way, thank you everyone that's in their
spk_0
hustle the week. All right. So let's talk about returns, right? Because another thing I hear all
spk_0
the time is like returns like you can never make money because people return stuff. There's bad
spk_0
buyers on eBay. That is so so untrue. I would tell you my return rate after all these years is
spk_0
less than 5% it is rare now. You're picking up a bunch of junk and you're not listening stuff out
spk_0
like obviously, you know, you're going to have some problems. But if you're doing your due diligence
spk_0
right, you're picking up good stuff right. You're allowing you know, you allow returns which I think
spk_0
reduces your returns. The reason I say that is because people are more confident about stuff and
spk_0
you're more confident knowing that you don't want any returns. I get I think it's good. So
spk_0
what I'd recommend is hey, don't be scared about returns like make sure you have enough money in
spk_0
there, right? So make sure that like your margin is good that if it returns like you're okay. And
spk_0
by the way, if you're top rated seller and it's damage, you can give you can say, Hey, you know what?
spk_0
I'm only going to give you back 50% and you're okay with that. So be aware of that, right? So,
spk_0
okay, I want to I found the e-commerce bike comment on returns because eBay.
spk_0
eBay first people, um, re-return mandate on automotive part of 10 accessories. Like this is
spk_0
sometime this year and somebody said, we're the new midnight auto get your parts of free,
spk_0
return your old news ones. Hell, we'll even send someone over to even install it for free.
spk_0
eBay's auto, idiom mantra and using sellers money to make us look better.
spk_0
It's like, what now was the age were okay for pure hustle? Was that all right?
spk_0
Yes.
spk_0
So it's kind of guilty. Okay.
spk_0
I was quoting somebody by the way, how's quoting somebody?
spk_0
Right. But it's like really like no, like listen, if you get 5% of yourselves to be returned,
spk_0
you're okay. Like it's not going to be a problem like you will be fine because the other 95%
spk_0
you're making money on. So don't let your fear of losing money on ebay returns. Stop you from
spk_0
sign on eBay. Yeah, it kind of goes back to that old thing where like people, people say, hey,
spk_0
I don't want to make, I don't want to make more money because then I have to pay more taxes. And I
spk_0
understand that there is, there is some people who fall in a category where it's like, hey,
spk_0
because I make below a certain amount, I don't have to pay for maybe childcare and I don't
spk_0
pay for healthcare and I get, you know, X amount of this, you know, for food, whatever.
spk_0
And so by getting an extra thousand or five thousand dollars a year, it puts you over that level
spk_0
and then that five thousand dollars a year doesn't cover all those extra things you were getting.
spk_0
So I understand where there are some people's mindset where they're like,
spk_0
getting an extra five thousand dollars this year would actually hurt me rather than help me.
spk_0
But in general, those situations decide in all the other commentary that can go with those
spk_0
situations, that put to the side just in general to say like, hey, I'd rather not make $200,000
spk_0
this year because then I'd have to jump into a higher tax bracket. So I'll, I'll just happily make
spk_0
$80,000 this year. Like that's such a, for better, like a better word, it's just a loser mindset,
spk_0
right? It's like afraid to have be successful. It's like, yeah, you'll pay more taxes, but your,
spk_0
your net is going to be higher, right? Like, yeah, you won't get that whole gross, right? It's
spk_0
going to be gross what they're going to do when they take a bunch of that money, but your net is
spk_0
going to be higher still. Like you're going to come out ahead. And so the same thing, if you're like,
spk_0
hey, I don't want to, I'm afraid to sell because then I'm going to have some returns. It's like,
spk_0
yes, you're going to have returns and you're going to have to pay eBay fees and you're going to
spk_0
have to deal with shipping and the more you sell, the, you know, the more, you're going to have more
spk_0
of those things, even if the percentage never changes, like just because the scaling goes up,
spk_0
the number of items that are returned will go up, right? So is that true? Are you going to have to
spk_0
$20,000, $30,000, $50,000 a year because of reselling? Who cares? Like, yeah, that's just the cost
spk_0
to do in business at that point. Like you can't have that like stuck in the like mindset of,
spk_0
because there are some negatives that come with this, I don't want all the positives that come
spk_0
with it, especially with the positives outweigh those negatives. Yeah, agree. It's just,
spk_0
it's a mindset thing. It is definitely a mindset thing. All right.
spk_0
This next one, which I don't, does anybody really say this like opening a brick and mortar is
spk_0
more lucrative? Now, I do think there's an argument to be made. And I'll just counter what we have.
spk_0
But like, for example, I'm in San Francisco and thrifting, like, when I say thrifting, I don't
spk_0
mean going to a thrift store. I mean, going to the curated shops, right? And you're getting
spk_0
stuff that people sourced, right? There is big money. Like I have a, I have a couple of friends
spk_0
here that they own some thrift shops. And they're not thrift stores like Salvation Army or Goodwill.
spk_0
They are those curated shops and they make a killing. They actually will sell jackets for like
spk_0
100% more than they would sell on eBay, just because the person in the store, they see it, maybe
spk_0
they're traveling in terms of more and they're like, I really want this now. And they'll pay the
spk_0
premium for it. So there is a place where that's worth it. But still, they tell me that the overhead's
spk_0
crazy. Like the rent that they have to pay to keep the space, electricity they have to pay,
spk_0
like the permit, all that different stuff. Like it's very costly. Right? eBay. Oh my goodness. Like
spk_0
think about the overhead, what your eBay subscription, your eBay fees, your promoter listings,
spk_0
whatever it is, doesn't even come close to a brick and mortar. So don't don't start with the argument.
spk_0
Like I would love it. If somebody actually has a valid argument that a brick and mortar is cheaper
spk_0
than selling on eBay, let us know. Or not cheaper is more lucrative. Like you can make more money.
spk_0
Again, I think there's exceptions, right? But I think those are super, super rare.
spk_0
All right. This next one is going to be a little controversial. I don't know. What do you think about
spk_0
this last one here, Mike? All right. The last one is I can make more money with other side hustles.
spk_0
Let's see. You're going to donate plasma. There's a cap on that. You're going to make, you're going to make
spk_0
like $400 a month. Are you going to go do, are you going to go do Uber Eats? Right? Like you're
spk_0
wearing tar on your car. The amount of hours you're going to spend or just driving Uber.
spk_0
Probably not going to make more. I'm trying to think what other side hustles? Now, are there some?
spk_0
Yes, I'm sure there are. If you could figure out a niche to be on and be a content creator,
spk_0
where you're making tick tocks that are going viral and it's just like you cooking and it's just
spk_0
your hands or something, you could probably do it. But that's like one percent of one percent of
spk_0
people who make it to that level of the people who try. Maybe you're like, if you're like an expert,
spk_0
like I have a degree in classical literature and so I'm going to do tutoring on the side and I've
spk_0
got an online program where people come and I teach them classes. Like, sure, if you've got the
spk_0
skill set for that or maybe you're like a plumber by trade and so you've got a side gig where you
spk_0
just help people out around the house. There probably are some. There's probably some side hustles
spk_0
you can make more. But the barrier to entry into those is so much higher. You have to be an expert
spk_0
in your field and something that's in demand and have the knowledge and ability to do it on the
spk_0
side or you have to be either extremely talented, like little talent-wise, like on content creation
spk_0
or just very lucky. So I think it's all things being equal, reselling is like the lowest bar to entry
spk_0
that you can actually make the most amount. I mean, that's just my opinion. I can't think of another
spk_0
one where you're going to make more because it's such a wide field, right? If you're like, hey,
spk_0
I'm going to sell books. You can do it. If you're like, hey, I want to, this is my hobby. I'm a hobby
spk_0
reseller. I've got certain things that I'm interested in. I'm just going to like sell in that niche.
spk_0
You can do that. Hey, I want to sell everything. You can do it. There's so many things you can do in
spk_0
reselling. You can get into high-end watches or instruments. You can get into just DVDs and media,
spk_0
right? There's so many areas you can go and be profitable in where I just, I can't, I don't know,
spk_0
maybe you're really good at cornhole. So you do side gigs, tournaments playing cornhole and
spk_0
by the way, I don't know. I know a pro cornhole player. Oh, yeah. I didn't know they existed.
spk_0
Yeah, man. Where have you been? I had no idea. So it's a husband and wife team and like,
spk_0
they travel and they play cornhole. I don't like what? They probably make some decent money.
spk_0
They do. It's crazy. They work with me. It's wow. I hear these stories. This couple's phenomenal.
spk_0
They're always doing some random stuff. But again, you have to have, you have to have already
spk_0
the skill on that thing. If you're a photographer, gosh, I mean, there's some, like if you're a
spk_0
wedding photographer, like do family photos and stuff, you could probably make more per hour
spk_0
than you could reselling. If you have that skill and again, so much that comes to marketing, right?
spk_0
Like you really as a reseller don't have to do a whole lot when it comes to marketing. If you're
spk_0
using something like eBay, you follow the basic rules and templates that we're putting out of like,
spk_0
if you're sad to list, you're sad to take pictures, you're going to do just fine. Now, if you're
spk_0
like a talented photographer and you've spent thousands of hours practicing your editing and like
spk_0
angles and you understand your camera, you can make more money. You absolutely could. But again,
spk_0
that's such a small percentage of people who are there. So is this the only way to make money?
spk_0
No, but do I think it's the easiest, lowest bar to entry with the highest potential? Yes.
spk_0
Yeah, 100% 100%. So we will leave it there. Hey, if you are listening and you haven't started
spk_0
reselling, this is your call to start reselling. If you're new and you're like, should I continue building,
spk_0
keep building? Like don't stop. Like there's so much money we made out there. If you're an
spk_0
experience reselling, you're getting bogged down and you're thinking about the fees and the return
spk_0
in the law. Just remember, like you just, you got to improve your cost, you got to improve your
spk_0
operations. Like there's ways to figure it out. There's way, way more easier ways to fix your
spk_0
eBay business, to walk away and try to do a door dash or try to do a new bird, do whatever. It's
spk_0
definitely possible. So hey, thank you to all of you that tune in. Thank you to all of you that
spk_0
support us. And hopefully you found this episode helpful. As always, leave us a review on iTunes.
spk_0
It definitely would help us. And with that being said, May should be real. Be relevant and be reselling.