Month: December 2019

Posted in Reselling

Reselling Stats to Watch in 2020

Posted on by The Reseller
Photo by Lukas on Pexels.com

Let me do the dirty work. I am analyzing stats and data and will share with you weekly, monthly and quarterly statistics.

These are some of the items I am watching- (comment if there is another area we should be looking at!):

  • How Many Items Sold Per Platform
  • ASP (Per item)
  • Method of Sale (Full Price, Offer from customer, Offer to customer, etc)
  • Brand of Item & Item Category
  • How many new Watchers/Followers/Likes, etc
  • New Listings Added
  • Promotional Activities Conducted (Sharing, Pay-to-Promote, etc)

There are reasons I am watching these items mentioned. The obvious ones – how many sold, ASP, etc- are important as they fall to our bottom line of profit. Other items- the ones that are activity based- I am watching to see how active the community is and how much exposure I am getting. Certain trends can lead me to adjust prices, or create more exposure for my stores.

Watch for the detailed weekly recaps on Monday’s, although this will depend on life happenings of course!

Monthly recaps will happen the first week following the end of the month.

Quarterly recaps will be up within 1-2 weeks after the completion of the Q.

I will also bring over some data from these platforms directly & hopefully bring on some guests to share their wisdom also.

Be sure to follow along & share your insights along the way too. The reseller community is known for their helpfulness, transparency and support of one another- let’s keep that going in 2020.

Let me know in the comments if there are other items you’d like me to monitor.

Have a safe & happy New Year’s Eve!

-Jennifer

Posted in Reselling

How do I Side-Hustle?

Posted on by The Reseller

I realize that a quick introduction might be in order.

Photo by Pixabay on Pexels.com

My name is Jennifer, and I am a side-hustler extradornaire. (Pretty sure that might not be the correct verbiage, but while I’m a hustler, I am not the grammar police. So no picking on my writing.)

I’ve been actively reselling for years- mostly as a hobby & mostly my own things. In 2019, I began buying things with the intent to resell- thus offically I began calling myself a “reseller”.

This blog will follow my journey in 2020, and will analyze data & trends in the reselling world.

Where am I reselling?

  1. Poshmark: I use Posh as my main platform for clothing, accessories, shoes & bags. If you aren’t on Poshmark yet, use my code for a $10 shopping credit! My Code: 33Magnolia (Also my closet name 🙂
  2. Mercari: For a long time, Mercari was my “everything else” platform. I now crosslist items from Posh to Mercari. While Posh is definitely the front runner here, Mercari comes in clutch for items that I need to move! Click here a FREE $10 credit also (limited time) https://www.mercari.com/invitations/?iv_code=FCCUDM
  3. Ebay: So many people swear by Ebay in the reselling world. I don’t love it, but it works for some of the more unique items and high dollar items. It’s important to remember that the Ebay audience is much larger than Posh & Mercari, so it’s worth dabbling in.
  4. Kidizen: Only a few sales hit or miss on this kids stuff resale app, but it’s so quick & easy to list, it makes sense to crosspost my kids stuff here too. I don’t do a lot of kids items, so that probably plays a role in my lower sales. But, I’m happy with one a month for now to help move the kiddie stuff along. Click here for a $5 credit when you sign up for Kidizen: www.kidizen.com and use the code- bgo4c
  5. Facebook Marketplace: Only used for larger items that would benefit from a local sale. Otherwise, this platform is generally a time-waster of messages & no-shows for me, but I do believe that different areas of the country vary!

That’s the gist of it. For now.

If you are interested in learning how to succeed at reselling on these platforms, be sure to follow this blog for updates! I will be discussing personal experiences, inviting other professionals & corporate guests to provide insight, and looking over market data.

Posted in Reselling

Preparing for the New Year

Posted on by The Reseller

So. much. to. do.

Do you feel the same way?

I am working on setting myself up for the new year, and I want to do it correctly from the get-go. Here is my to-do list for today & tomorrow:

  1. Open new bank account for reselling business.
  2. Set up Poshmark , Mercari & Ebay (Paypal) to Transfer to new account.
  3. Finish inventory system update.
    1. Manually
    2. Digitally
  4. List as much inventory as possible.
  5. Ship any orders that come in.
  6. Order Free Shipping Supplies from USPS.
  7. Order Polymailers.
    1. My Favorites Are: https://amzn.to/2MH9AqK
    2. And this one: https://amzn.to/2QwjY5Q -Yes, I love animals 🙂
  8. Create a Schedule For January.
  9. Create Goals for January.

Like I said. So. Much. To. Do.

But, the best part is, my other business is slow this time of year & my (J.O.B.) is closed until January 12th, giving me so much more time to focus.

We got this.

Are you goal setting? Are you prepped to begin 2020 strong? Do you have any tips/tricks to share?