Why Most Resellers Don’t Make A Full Time Living

The issue too is that many resellers are not business minded. They are shoppers who want to shop--ask most what they enjoy most about reselling and the answer is usually the hunt(shopping), the answer should be making money(profit). Running a successful business takes strict discipline and takes some experience and or education. You can be dumber than dumb and still have made money during the pandemic. The sale numbers that occurred so easily during the pandemic will never happen at that level again. Running a successful business is work not shopping.

I have no desire to be a full time seller. I only do it on this side. I have 3 really great sources of income but just started doing Ebay to learn something new. I will probably cap out at about 100 items and focus on quality vs quantity. Never stop learning.

I agree with everything you said. I'm retired and I'm using my ebay business to help subsidize social security. Started in 2023 mid year and have learnt so much from you. Made plenty of mistakes in the beginning, but through you and other YTubers I'm developing my sourcing skills and been more selective on what I pick up. My goal for 2024 is to reach $80k gross with an expected $45k-$50k net. I've written out a plan for each day on what I'll do and where I'll go sourcing; thrift stores, estate sales, garage sales and various online marketplaces. Each month I have set goals ($$$) for my business to help me focus on the $80k. If I make it, great I'll celebrate in some fashion, if I fail, then at least I tried. Thank you for everything you share.

You’ve hit the nail right on the head! Buy & Sell things that are going to make a profit sooner rather than later, make sure to keep up with the numbers and learn more about your actual income, adjust and adapt to current/future trends, think of the customer first, be accountable for your own business and lastly, you only get out what you put in, that’s what I took away from your video 😊

Thank you for everything you do, learning everyday and taking responsibility for my stupitidy and each mistake I've made. I've made all of them. After a year on poshmark I will get serious and start a spreadsheet to track my purchases and sales. I've been selling on Ebay for 3 months and appreciate your help.

NO WAY! I just started watching your channel because I'm trying to learn more while I"m working on my reselling business and I would have never guessed in a million years that we live in the same area! so surreal, and also gives me confidence that if you're making it in Southern Utah then I can probably do it too. I hope I bump into you in the wild so I can thank you for all the advice you've given on here. You're awesome!

Something that isn’t discussed much is the focus on items. New sellers believe they compete with everyone because they sell a variety of items. Whilst true, eventually they need to see themselves as businesses that compete with other businesses. Walmart isn’t worried about Craigslist Joe. So likewise that mindset shift is needed for resellers to gain clarity and with that clarity, go the distance.

This might just be the greatest video you've put out, Jake. Thanks, man. Truly. I needed this one.

Also rant… I hate when resellers talk about their sales numbers, I don’t really care about your sales #. Maybe you did $82k in sales but your cost of goods was $60k… your fees/shipping were $20k what then was your take home?? Not a full time income! So many YouTubers try to get viewers by just saying their sales #!!

New senior seller here and enjoy your videos, you are a fine young man with great values helping people. Have s great successful 2024!!!

I dont go full time because its hard finding tons of inventory.

I thoroughly enjoy your videos and get so much out of each one!❤ I appreciate your humble polite manner and how you share information!

Seriously, I’ve started watching your videos and I’ve got to say, you are my new favorite thrift YouTuber. I have watched a lot but none are as informative and helpful as you. I appreciate the tips so far and can’t wait to see your videos in the future. Thank you!

I remember when Abercrombie & Fitch, Hollister, & American Eagle used to sell rapidly back in 2004.

Your grandfather was a very wise man. Thank you for sharing

Love you Jride! Thanks for the expert advice as always!

I have started out selling things I no longer want in my home. Got a new iPhone and Apple Watch recently so I sold my old ones. The iPhone sold very fast. The Apple Watch is getting bids and will likely sell soon. I also put a Coach purse. I have an old Selmer clarinet that is selling for thousands on eBay that I also want to sell. I am considering taking it to have it worked on first but not sure yet. It is very old so could use some loving. I just wanted to start out with my things at home to see if I would like it and I am loving it. Will start thrifting soon and can't wait for the weather to warm up so I can go yard selling

Love the video. U are truly an inspiration. Thank u for what u do everyday and share with us!

Excellent video, information, transparency and delivery. I am personally completely aware the main "problem" or rather "influencing factor" is myself what affects me and what I do within my control. I agree with all your points. I just need to develop the routine/systems to be consistent and aim for work life balance so I don't burn out either. Need to schedule time to reward myself after putting in the work, whether is sleep, time for myself or with others, or just anything not related to "the business" so I can feel like my whole life does not have to be centered around work work work until I can't no more, as an example. Thanks again for the video and happy new year's.

Thanks for sharing your opinions and experiences. Always good to listen to you (usually while I list.) You are an inspiration.