Tag: financialgoals

Posted in Reselling

December 2019 Resale Stats- A Baseline for 2020

Posted on by The Reseller

Just to test the waters, and to show you where I am starting from, I thought I’d throw up some quick numbers & graphics to depict December 2019 sales.

Now, as I head into 2020, I’m hoping to turn this into more of a full-time job instead of a regular side-hustle (thus why I am all the more intrigued by what the numbers show).

In addition to some freelance work done inside the home, I also work outside of the home about 30 hours a week. Reselling, is ultimately my *3rd* gig. Keep that in mind when thinking about the time & effort given.

I do plan on documenting that part of the journey as well, to see if spending more time on the business relates to more money in the bank. We will see.

For now- check out some stats from December 2019:

This is just a baseline and I will be using this data to show deviations month to month. There will be much more data looked at as we move on. I will be not only analyzing my data, but that of other resellers- both full & part time.

Remember- in addition to hard numbers as shown, I’m tracking activity logs daily. This will help in determining which activities are bringing the best results, and on which platforms.

So without further ado – Here we go- kicking off 2020 strong!

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?