Welcome

My name is Chris Lin, and I go by @dailyrefinement online. My goal is to spread the movement of making progress daily towards your goals. We all live with different circumstances, but we all have the same 24 hours in a day to improve our lives.

“Do the best you can until you know better. Then when you know better, do better.”
— Maya Angelou

About Me

I currently resell past season’s retail goods on the live streaming platform, Whatnot. My goal is to create a self-sustaining reselling company that sells 20,000 orders per week.

Patreon/Youtube MISSION

  • Help 2,500 people build a healthy reselling business. All resellers do the exact same thing, they key is doing an ordinary job, extraordinarily well.

    • Sign up on Patreon for a Free 7 Day Trial here.

    • After You Join:

      • Join Our Private Facebook Group. (You will receive instructions on how to join after you sign up on Patreon.)

      • Join, and answer the 3 membership questions, so we can serve you better. (It can take up to 24 hours to gain entry)

      • Post a link to your most recent eBay/Poshmark listing, or Whatnot show, and what your thoughts are, and we’ll review it. Be specific on what you want feedback for (i.e. photos, title, listing quality, pricing, shipping, return policy)

      • Share wins, pictures of your workspace, goals, and most importantly, your work!

    • I have a higher level group for resellers in the $100k-$10M annual recurring income group.

Step #1: Pick an Exciting Weekly Income Goal

  • Daily Refinement Official Recommendations

    • Pick an EXCITING weekly income goal (Official Daily Refinement Recommendation is your bills + $1,500/week)

      • I recommend $1,500 towards your bills. (Mortgage, Utilities, Entertainment, Transportation, Child Care, Insurance, Food, Pets, Family Assistance). Adjust higher or lower, depending on your needs.

      • I recommend scaling to earning + $1,500/week that you can invest towards your freedom. Invest $1,500 a week into traditional investments for 10 years, and you turn $720,000 in principal into $1M with a 7% return. (Index funds, real estate, 401(k), SEP IRA, etc) This is the most common way of becoming a millionaire, and doesn’t require being an entrepreneur, but it does require earning more than you spend, and investing it towards your future.

Step #2: Create a Recurring To-Do List To accomplish your Goal

“Most people overestimate what they can achieve in one year and underestimate what they can achieve in ten years. ”
— Bill Gates

  • Daily Refinement Official Recommendations

    • Scheduling the correct recurring activities into your calendar is the #1 determinant of whether or not your resale business will work. Consistently doing the right things, and improving your skills are the recipe for sustainable results.

    • Compare year over year results to determine the validity of your new strategies.

    • Use this list to put together the right list of activities to produce the income that you desire.

    • The number one way to scale your business is to reduce variation. That means doing things more efficiently, bc we all have the same number of hours per day, but we need focus on doing the same work, and get a larger output.

  • eBay Work Flow Recommendations

    • Customer Service

      • Answer all eBay questions (I recommend doing this from your email, or eBay Seller Hub)

      • Manage Cases

      • Manage Returns

      • Send Invoices for Unpaid Items

      • Send Offers to Watchers

      • Relist Cancelations

      • Launch Drafts

    • Shipping

    • Photography

    • Listing

    • Sourcing

      • Thrift Stores

      • Flea Market Tips

        • Consistency is Key

          • 150 out of 156 possible times in 3 years

            • 4x, I made more than $10k

          • One vendor supplying 10 items a week (is a 5 Figure profit)

        • Looking for Business to Business Vendors

          • Displayed Prices

          • Massive Variety or Volume

          • Professional Setup (Tables, Clean, Neat, and Signage)

          • Spend $500-$1k first, before trying to start conversation.

          • Conversation is key, vendor has to like and trust you first.

        • Negotiation

          • What is your best price?

        • Opening a Flea Market Booth (Much much easier to open than an actual Brick and Mortar Store)

          • Hiring a Booth Assistant

            • Pay more than a fair wage so they’re loyal and tempted less to steal.

      • Hiring a Buyer

        • The mission is to hire someone to find you goods to resell online. In a perfect world, they’re dropping off exactly the number of items you are reselling that week.

        • Keys to Hiring a Buyer

          • Exact Buying Parameteres

            • Certain ASP

          • Always Paying On Time (In fact, paying early is a HUGE advantage)

            • I would not recommend paying early until you have a relationship set. If your buyer brings you items that don’t meet your metrics, it’s up to you to coach them to bring the right items.

          • Paying enough so that person doesn’t skim off the top.

            • If your pay is too low, the person shopping for you may be tempted to take the better pieces.

      • Bulk Purchasing

        • Bulk Purchasing Tips

          • People want to do bulk sourcing to avoid having to go store to store in person, or to review auction after auction online to find individual deals to resell.

          • Working with a specific supplier to buy specific goods is the first step of bulk buying. This means having a relationship with someone at a thrift store, recycling centers, goodwill bins, estate sale company or flea market.

          • If you’re selling less than 100 items per week, I would not consider bulk purchasing at all.

          • Having an outlet for items that can’t be sold online. (i.e. flea market booth, garage sale, or “you know a guy that sells it”)

          • Most bulk purchasing is done blind or un-manifested, which means you don’t know exactly what it is you’re buying. This can be very dangerous. There is a big difference between purchasing from a seller, who knows exactly what they’re selling to you, and one that truly doesn’t know. The classic example is putting a few nice pieces on top of a pallet of goods to create a sense of value. Storage unit auctions also stage nicer pieces or boxes towards the front to create a buzz for their auctions.

          • How to avoid getting scammed:

            • Scam definition: to trick someone into giving you money or giving you some advantage, in a dishonest and often illegal way.

            • Only buy manifested goods in person.

        • Getting Setup

          • Reseller’s Permit (You’ll need this to purchase items with no sales tax)

            • Typically free, Google, “Your State Reseller Permit”

            • Sign up on the state’s website.

        • Wholesale

        • Liquidation/Closeouts

  • Why Hiring is So Difficult for Resellers

    • At some point in a reseller’s career, they will run out of time.

  • Wholesale Recommendations

    • Individual Selling

      • Consignment

      • Professional Buyer

        • Sourcing for other larger sellers

    • Bulk Selling

      • Becoming a Wholesaler

        • Market Control

          • Saturating the market

        • Sorting Goods

        • Manifesting Goods

        • Invoicing

          • Cash Only

          • ACH Transfer

          • Wire Transfer/Zelle Only

          • Credit Card Processing