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Profit First
Public • 871 • Free
20 contributions to Profit First
4d ago
in
Selling Hard Goods
Hey - wondering who out there is also reselling hard goods? I know most of us here are clothing and shoe resellers. However, I've been a hard goods seller for decades, I just switched over to clothes and shoes a few years ago, well added clothes and shoes, not actually switched over really. I focus primarily on clothes and shoes now. But I've started to kinda lean back into hard goods a bit. One reason is that it does seem that GW doesnt really care about pulling vintage items and other valuable hard goods including electronics from the shelves for their auctions. Also, hard goods require a different knowledge base so there appears to me to be less competition. And third, there just seems to me to be more and more people who are getting into reselling through selling used clothing, because lets face it, in a thrift store, its the category that has the most volume in each store. I do understand hard goods like vintage items, pyrex, etc requires a specific audience and most vintage items are a bit of a long tail. But it's been my experience that there is more money to be made in selling some of the better hard good items. What do you all think?
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New comment 2d ago
0 likes • 2d
Here are some stats (for the year so far) from an everything seller. Antiques and collectibles: 109 units in stock. 504 units sold. Avg cogs sold is $22.25. Avg profit per item sold is $39.99 (not quite 2X). Avg sell through is 40 days. Clothing and accessories: 434 units in stock. 583 units sold. Avg cogs sold is $4.67. Avg profit per item is $18.20 (nearly 4X). Avg sell through is 61 days. Household and HBA: 62 units in stock. 300 units sold. Avg cogs sold is $7.35. Avg profit per item is $23.00 (just over 3X). Avg sell through is 26 days. Antiques and collectibles come with the highest cost, decent profit, and decent sell through. Clothes have the lowest cost, very nice profit, and the slowest sell through. General household goods don't appear to be a whole lot more expensive than clothing, and they have nice profits and the best sell through rate. I have seen many youtubers say that we should niche down and focus on one category. It's probably not bad advice, but I'm not sure if that would work out well for my business. It might make more sense if I lived in a heavily populated area. My town has around 25,000 people, and we are an hour from Columbus, Ohio. Being an everything seller allows me to source a wide range of good inventory without having to take on a regular commute. I can't see any reason (currently) to give up on any of the three categories.
Aug 16
in
Beau is killing it on WHATNOT!!
Beau you are killing it on Whatnot. I can’t believe I watch your 5 AM show your time 8 AM my time. It’s crazy you are a pro after 5-6 weeks. You look like you’ve been doing this for years. I am so happy for you and your wife the blessings have come to you and so well deserved.
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New comment 23d ago
6 likes • Aug 16
I've tuned in a few times. I've been impressed with the energy, attitude, aptitude, and the constant flow of quality gear. Good stuff all around!
🔥
Aug 14
in
Templates vs. Sell Similar
As I narrow my purchases to high STR items I notice that I am buying a lot of the same items, just different sizes and colors. Because of this I am beginning to have a library of templates. This allows me to load the new pictures and fill in a few blank fields to have a complete listing. Curious how you guys are handling similar/identical items. Are you using templates or looking up items and using the Sell Similar feature and why?
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New comment Aug 16
3 likes • Aug 15
I really should build a few more templates. I've been at this for quite a long time, and I still have just two of them.
Aug 14
in
Hit $5K in Sales Today!
Still learning a lot and have a long way to go but I’ll keep on chugging along. Started in May this year.
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New comment 29d ago
4 likes • Aug 15
Very cool. Keep pushing.
Aug 14
in
I finally understand
I get why I hear some bigger sellers don't reply to most messages. I got a message asking for measurements on a youth jacket earlier (it's a boys xxl). So I sent the measurements, and then they asked me if what I said was correct, which obviously yes. Then they questioned again if I was sure because the measurements are big for a youth jacket. It finally clicked why some of y'all just won't respond LOL 🤦♀️🥲
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New comment Aug 16
6 likes • Aug 14
I try to answer any question that comes in, no matter how obvious the answer. But in my experience, if somebody asks a second question, and then a third, etc...it often means I've got a fussy buyer. The more questions they ask, the more trouble they are. I end up hoping that they don't buy anything at all. Yes it's a cynical view, and no things don't always go wrong, but I'm still wary every time.
3 likes • Aug 14
@Jerry Wilson In some cases, that’s probably the right move.
1-10 of 20
@michael-ross-5944
Full time ebay/amazon reseller since 2002.
Active 2h ago
Joined Jun 20, 2024
Ohio
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