030: 6 Tips to MAXIMIZING Sourcing for eBay, Amazon or Poshmark

★ Buy My $1k/week Profit Full Reseller Field Guide: (50% off CODE: youtube, it’s $35) https://dailyrefinement.teachable.com

★ All Reseller/YouTube Supplies at http://bit.ly/resellersupplies (Affiliate link)

★ A Reseller’s Life How To Resell Series: http://bit.ly/aresellerslife Podcast here: https://apple.co/2ziHZVP

★ Free Video Series on How to Make $1k/ a Week: http://bit.ly/2Mx2mXS

★ Get a 1 on 1 Store Review, Join My Discord or Mastermind: https://www.patreon.com/dailyrefinement

★ Read Reseller Finance by Mark TEW, CPA. No Brainer to Understand Taxes. http://bit.ly/resellerfinance

★ FREE STUFF (If you sign up for Audible, Robinhood & Skillshare, I’ll give you my course for free.)

★ Free Audible Audiobook (Cancel Anytime & Keep the Book) http://www.audibletrial.com/dailyrefinement

★ Free Robinhood Stock: https://share.robinhood.com/christl3479

★ Link to Free Macro Course Mac: https://skl.sh/2KznH1K PC: https://skl.sh/2La45AX

★ I make an extra $1k a month and get a free car by renting 3 cars on Getaround.

★ Getaround Free $40 to Try It or List Your Carl: https://www.getaround.com/invite/nychrislin

★ Public eBay Store: https://ebay.to/2YYl8Kk

★ Public Poshmark: https://www.poshmark.com/closet/dailyrefinement

★ Public Mercari: https://www.mercari.com/u/910906599/

★ Streamyard Streaming Software: http://bit.ly/2ZnErjx

★ Background Song by Frank Lofty, 2007. He wrote it for me in college for a different project before he became Frank Ocean. HA! I am the verified owner of this song. The song and my cannot be reproduced without my permission.

016: The 9 Reasons 50% of eBay Resellers Fail

★ Most small businesses fail according to the Bureau of Labor Statistics:: https://www.bls.gov/bdm/us_age_naics_00_table7.txt

★ So what’s the reason? Fortune Magazine did a Study: https://fortune.com/2014/09/25/why-startups-fail-according-to-their-founders/

• 42% fail because there is no market for their products. Makes 100% sense. There’s a reason there’s so many successful resellers that resell what they sold in a previous job. You already have a head start against anyone trying to jump in. An example would be industrial dental equipment. That’s not a niche that anyone can just walk in.

  The demographic of your buyer:

  • Business or Consumer?

  • Their socioeconomic status (Rich or Poor?)

  • What is the competition in this category?

  • What’s the pain point they’re trying to solve. If you’re selling nostalgia, make it nostalgic. If you’re selling something that’s a necessity, make it free shipping, free returns, cheapest one available. No one is nostalgic about chapstick, they want the cheapest one that does the job at the best price.

• 29% failed because they ran out of cash. They hire too early. So, here’s the thing. If you do all the work and you care the most, you can definitely make it work. There’s a limit to your time and capital, but if you can keep expenses super low, you can definitely make this work. When you add someone, you have to take time away from your business, and that person isn’t profitable yet. Cash-flow is your air supply. I recommend selling locally as much as possible to keep expenses low. It takes more time, but every dollar counts.

• 23% failed because they didn’t have the right team running the business.

• 19% were outcompeted. (Poor supply, poor offering, poor pricing)

• 18% failed because of pricing and cost issues. (Priced too High)

• 17% failed because of a poor product offering. (no Unique or Unfair Selling Advantage)

• 17% failed because they lacked a business model. (10x10x10)

• 14% failed because of poor marketing. (cross-listing is awesome!)

• 14% failed because they ignored their customers. (this is unlikely in our industry)

★ All Reseller/YouTube Supplies at http://bit.ly/resellersupplies (Affiliate link)

★ Buy My Full Reseller Field Guide: (50% off CODE: youtube) https://dailyrefinement.teachable.com

★ A Reseller’s Life How To Resell Series: http://bit.ly/aresellerslife Podcast here: https://apple.co/2ziHZVP

★ Free Video Series on How to Make $1k/ a Week: http://bit.ly/2Mx2mXS

★ Get a 1 on 1 Store Review, Join My Discord or Mastermind: https://www.patreon.com/dailyrefinement

★ Read Reseller Finance by Mark TEW, CPA. No Brainer to Understand Taxes. http://bit.ly/resellerfinance

★ FREE STUFF (If you sign up for Audible, Robinhood & Skillshare, I’ll give you my course for free.)

★ Free Audible Audiobook (Cancel Anytime & Keep the Book) http://www.audibletrial.com/dailyrefinement

★ Free Robinhood Stock: https://share.robinhood.com/christl3479

★ Link to Free Macro Course Mac: https://skl.sh/2KznH1K PC: https://skl.sh/2La45AX

★ I make an extra $1k a month and get a free car by renting 3 cars on Getaround.

★ Getaround Free $40 to Try It or List Your Carl: https://www.getaround.com/invite/nychrislin

★ Public eBay Store: https://ebay.to/2YYl8Kk

★ Public Poshmark: https://www.poshmark.com/closet/dailyrefinement

★ Public Mercari: https://www.mercari.com/u/910906599/

★ Streamyard Streaming Software: http://bit.ly/2ZnErjx

★ Background Song by Frank Lofty, 2007. He wrote it for me in college for a different project before he became Frank Ocean. HA! I am the verified owner of this song. The song and my cannot be reproduced without my permission.

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002: Step #1: How much money do you want to make reselling? (eBay, Poshmark, Mercari, Amazon)

00:24 ★ Question, how much do you want to make each month? No clear goal equals no clear anything.

00:36 ★ What’s your goal? How much do you want to make? Let’s figure it out!

01:22 ★ What’s your why?

02:45 ★ My favorite reselling model. Get 3 $100 niches. I like 10x10x10, but that takes a long time!

04:08 ★ 10x10x$10 model. Find 10 replenishable products over time that sell 10x a day for $10 profit. This is a lifetime goal!

06:17 ★ Sometimes, it’s not about passion, just sell what sells.

11:06 ★ Bonus Tip: “Set a definite chief aim,” from the book “Think and Grow Rich“. Greatest book ever.

Amazon book affiliate link: https://amzn.to/31jq0uj

Free Audible Audiobook (Cancel Anytime & Keep the Book) www.audibletrial.com/dailyrefinement

Resources & Affiliate Links: (I may earn a small commission with no additional cost to you. Thank you!)

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★ Free Video Guide on Making a $1k/a week Income online http://bit.ly/aresellerslife

=============================

★ Buy My Reseller Field Guide: (50% off CODE: youtube) https://dailyrefinement.teachable.com

=============================

★ All of My Reseller & Youtube Supplies: www.amazon.com/shop/dailyrefinement

=============================

★ Get a Store Review, Join My Discord Group or Mastermind: www.patreon.com/dailyrefinement

If you need more individualized help, check out my Patreon above for a store review, my Discord Group or my mastermind call, which is 22 live calls a month for $100. It’s a no brainer if you’re trying to get around like minded people.

=============================

★ Free Audible Audiobook (Cancel Anytime & Keep the Book) www.audibletrial.com/dailyrefinement

=============================

★ Public eBay Store: https://ebay.to/2YYl8Kk

★ Public Poshmark: www.poshmark.com/closet/dailyrefinement

★ Public Mercari: www.mercari.com/u/910906599/

★ Youtube/Vlog/Podcast Equipment: https://kit.com/dailyrefinement

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★ Background Song by Frank Lofty, 2007. He wrote it for me in college for a different project before he became Frank Ocean. HA! I am the verified owner of this song. The song and my cannot be reproduced without my permission.

001: 6 Step Free Guide To Earning $1k/wk Selling Online

00:13 ★ Introduction

00:25 ★ Step #1: Set a Goal & Time Frame

02:00 ★ Step #2: Determine Your Constraints (Time, Money, Space, Mental Capacity, Skills, Knowledge?)

03:13 ★ Step #3: Build Your Reseller Systems

05:45 ★ Step #4: Build a Network, Find a Reseller Bae

07:40 ★ Step #5: Take Care of Yourself, This is a Marathon

08:34 ★ Step #6: Build a Routine That Guarantees Success

12:22 ★ Bonus Tip: Consistency is key. McDonalds and Franzia aren’t the pinnacle of quality, but they are the pinnacle of delivering consistent and predictable value. Consistency is key, focus on building a high quality routine and business systems. .

This tip is from the Entrepreneur’s Rollercoaster, by Darren Hardy

Amazon Link: https://amzn.to/2YOCEzE

Audible Link to Free Book: audibletrial.com/dailyrefinement

Resources & Affiliate Links: (I may earn a small commission with no additional cost to you. Thank you!)

=============================

★ Free Video Guide on Making a $1k/a week Income online http://bit.ly/aresellerslife

=============================

★ Buy My Reseller Field Guide: (50% off CODE: youtube) https://dailyrefinement.teachable.com

=============================

★ Free Robinhood Stock: https://share.robinhood.com/christl3479

=============================

★ All of My Reseller & Youtube Supplies: www.amazon.com/shop/dailyrefinement

=============================

★ Get a Store Review, Join My Discord Group or Mastermind: www.patreon.com/dailyrefinement

If you need more individualized help, check out my Patreon above for a store review, my Discord Group or my mastermind call, which is 22 live calls a month for $100. It’s a no brainer if you’re trying to get around like minded people.

=============================

★ Free Audible Audiobook (Cancel Anytime & Keep the Book) www.audibletrial.com/dailyrefinement

=============================

★ Rent Your Car On Getaround(I make an extra $1k): https://www.getaround.com/invite/nychrislin

=============================

★ Public eBay Store: https://ebay.to/2YYl8Kk

★ Public Poshmark: www.poshmark.com/closet/dailyrefinement

★ Public Mercari: www.mercari.com/u/910906599/

★ Youtube/Vlog/Podcast Equipment: https://kit.com/dailyrefinement

=============================

★ Background Song by Frank Lofty, 2007. He wrote it for me in college for a different project before he became Frank Ocean. HA! I am the verified owner of this song. The song and my cannot be reproduced without my permission.