I think most of the people who call themselves resellers are addicted to buying things.

I love shopping. I love the thrill of the hunt. At some point you have to make it a business because otherwise you become a hoarder.

I started reselling things around 2013, and it was just a little fun. I would buy a bunch of stuff 50% off from thrift stores and then return it to the local markets here in Adelaide.

But I officially opened my eBay store on January 1, 2020. We were lucky to not really get COVID here, so I was able to keep going to markets and operating stores to get supplies. in stock.

I started the side scramble with the intention of going full time. Some weeks I would invest 40-50 hours in e-commerce and work part-time as a paramedic!

Burnout was definitely happening.

The work behind the scenes

I turned nearly $ 120,000 in my first year in business. (Note: this is turnover. It is not profit.) My profit was probably around $ 40,000.

I like being transparent with people because the gross sales are always amazing, right? But there are all of those fees and costs, especially the first year. You have platform fee and promoted ads, and then there is shipping fee and storage space as well.

It can be overwhelming. You try to buy stocks that you think you’re going to sell, and then you try to figure out how to track everything and calculate your profit for the end of the month.

I thought to myself, “How do I calculate my taxes? I had no idea that your taxes came from the bottom line, not your gross sales.

But if you want to do it full time, it’s like any business: it takes a lot more time and investment.

You really have to commit to making it work because you are the only one! You have to do all the marketing and branding. You have to list all your articles, photograph them, clean them, test them, then publish them, do the accounting – all of those things.

I think on average I was probably doing 20-30 hours a week last year. So it’s not that bad to earn $ 40,000 for this amount of work. I think I paid almost $ 30,000 on my mortgage!

These days I want to keep it as a side activity. I do maybe 10 hours a week, while also doing two days a week as a paramedic. It’s much more sustainable and I’m still contributing $ 400-500 a week to my mortgage by selling it back, which is awesome.

Find out what is selling

A lot of people will be working at volume. They’ll go out and buy lots of second-hand brand name clothes, but they have to sell, say, 100 items for $ 10 each to make $ 1,000 a month.

I prefer to sell less with a higher profit margin, so I buy and sell a lot of electronics.

I sell a lot of camcorders, like the old ones with tapes from the 90s. I pay up to $ 250, then I sell them for around $ 400 to $ 600.

Everything comes back around. You would be surprised. A lot of people are very passionate about VHS again, and old DVD sets can sell for $ 1,000 – especially Australians like A Country Practice and McLeod’s Daughters.

I think the hardest thing is knowing how to rate things and what to pay attention to.

The best advice I can give people is to look at what other people are selling. It can also be helpful to learn about particular types of items, so you’ll know what you’re looking for.

Want to start reselling?

I think selling certain things in your house is the best way to learn. Or, if you want to start with $ 50, go to the op stores and try your luck.

Don’t be discouraged if you can’t find anything. Sometimes I go to five stores before I find anything.

I’m lucky here in Adelaide. We are known as the “city of churches” so there are many church shops here. Small churches are the best because they aren’t as popular as the city’s department stores.

Sometimes I make it a day: I drive to a rural area, find a few op stores and have a good lunch. This is very fun!

Markets and garage sales are also very good, and I think initiatives like the Garage Sale Trail are a great place for people to start.

The best thing you can do at a garage sale is ask them if they have anything specific. I know a lot of video game collectors get stuff this way.

They say, “Do you have any games to sell that you haven’t released? And then the next minute it’s like, ‘Oh yeah, I didn’t think anybody would want to buy this, but I’m going to get it.’ They are making a fortune!

However, resellers can certainly get a bad rap. I’ve seen people jump fences at garage sales before they open, and people go to real estate sales and be rude and pay absolutely nothing for items worth thousands of dollars.

I don’t like to rip people off. You can still make a little profit while showing respect and being kind.

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