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Profit First

Public • 1k • Free

28 contributions to Profit First
Holding out
When you know what you have it does good to hold out. After 2 low-ball offers of $20 that I countered with $50 that were declined. Someone paid what I wanted. They were posted for about 24 hours and I paid $2 for them.
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7
New comment 3d ago
Holding out
2 likes • 4d
Stick to your guns. 👍👍
Listing isn’t a Race
I recently saw where resellers were discussing how fast they could list an item. This seems to be a topic often discussed. While being slow is not necessarily a good thing, going too fast can be a bad thing. You take short cuts that could lead to missed keywords and item specifics. If I can do a listing in 10 minutes start to finish and you can do it in 8 minutes. Great. I will work an extra few minutes and possibly have better listings. Find your pace. Do a good job. And leave the racing to NASCAR.
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New comment 3d ago
6 likes • 5d
A good steady pace and consistency will also get you to your destination!
New eBay/Whatnot Reseller Intro
Since 1996, my wife Lisa and I have made a full-time income working part-time from home in the affiliate marketing arena. In February of last year... we 'retired' and stopped actively promoting anything online and started to focus our time investing, etc. About the same time, our two adults sons (26 and 38 years old) asked what my advice might be about starting a new business in today's economy and... THAT put me on a quest to find a good business model for 'the boys' - which led to eBay and becoming a used clothing reseller. We watched a LOT of youtube videos about Average Sales Rates, Brands, Bolos and all of that stuff and started sourcing for items with a 100% sell through rate in 90 days with at least a $25 profit back in August. It only took a few days to discover finding 100% sell through items at a good price can be challenging so we amended our target numbers to be: $15 average profit 50% average sell through rate Our starting budget for supplies, COG, etc was $5,000 We sourced for a couple of months and listed our first item on eBay on 10/3/24. So far, as of 11/12/24... (39 days) - 551 Listed Items - 95 Sales - $2,275.81 net sales - $2,275.81/95 = $23.95 average sales price - $4.77 average cost of goods We made a LOT of sourcing mistakes early on - buying things that did not match our metrics and/or buying things for too much... or buying things we did not thoroughly inspect only to have to toss later... and now our #1 focus is to source closer to at least a 50% sell through rate with a profit of $15 or higher. Higher is better. The challenge, though, right now for us to find enough items within that range on a consistent basis. In the meanwhile - we just hosted our 2nd whatnot show to promote bins finds that don't necessarily match our metrics that we sourced on purpose for whatnot. COGS for what has been $1.77 - though both shows have only been marginally profitable because we haven't had more than 5 peeps on at a time yet. If figure if we stay consistent with 2, two hour shows per week we should gain a nice audience in a month or two.
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New comment 8d ago
3 likes • 8d
Rob, welcome to the platform.
STR 100%
Hope all are doing well, just wanted to pass this info along. I was researching some items and decided to look up the brand Carhartt. Does very well all around, then I decided to look up Carhartt hooties and low and behold there it was 6600 listed and 6600 sold. 100% STR. (Pre-owned) So when you are out sourcing and you run into a Carhartt Hoodie pick that sucker up. That my two cents for today, have a great sourcing day. 👍👍
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New comment 8d ago
That sounds even better!
Who wishes they lived closer to “THE BINS?”
Who wishes they lived closer to “THE BINS?”
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New comment 8d ago
3 likes • 10d
The bins sound like some enchanted land where you need to go through a Majestic forest that's guarded by some mythical creature to get to. I'm right now researching the closest one to me. It seems to be NJ. I guess my journey will start down the mystical road of the Garden State Parkway South (New Jersey). 😆 🤣
1-10 of 28
Francisco Fernandez
4
49points to level up
@francisco-fernandez-9869
25+ years in sales. Retired and ready for a new adventure. Matto: The only time you fail, is when you fail to try.

Active 23h ago
Joined Oct 16, 2024
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