I haven't been doing this very long, but having already had the $5.20 profit experience, I've arrived a rough formula. I must be able to sell any item for three times its cost AND I must clear at least $10. And obviously, more is better. But I may adjust my formula to 3X my cost plus another ten percent with a minimum $10 profit. So if I buy a pair of shoes for $10, I know I have to get at least $30 for them. If I add in the extra 10-percent, I need to get at least $33. Then I check the comps to see if the item is a go or no-go. If I buy a pair of socks for $3, I have to sell them for at least $9.90.I know right away, no-go. If they're extra special socks that I can buy for $3 and sell for $15, we're in business.
@SandraTheMomBoss2 ай бұрын
Interesting. Thanks for sharing. I have a question for you, what do you think about buying items at a high "cost of goods" but not selling it for 3X, instead you sell it for 2X? I bought a pair of boots for $50. They sold for $100. After shipping and fees my earnings eBay paid me was $86.49. That leaves me with a final profit of $36.49 ($86.49-$50). I did't double my initial $50, but $36.49 is still a substancial profit. I'd like your opinion on that. As for me, right now I think it's worthwhile as long as the sell through rate is there. That way you don't have a large investment tied up in one item for a long time.
@carolfrome78012 ай бұрын
I've been doing this for about 7-8 weeks. So many, many details to learn! So after making a few mistakes, either thinking I would make a decent profit or messing up with shipping (gah!) I decided I need a guideline to get me through until I'm more experienced. After crunching the numbers on various scenarios, I figured COG 1/3, shipping (buyer pays all or most) and fees 1/3, me 1/3. This keeps me from picking up a $10 item that I can only sell for $20. Less the taxes, fees, and part of the shipping, I'm barely making anything. However, I've already been thinking that I may need to adjust for higher end items. I think you did great with your buy, and I would be very happy with that profit. Thank you so much for your videos and for taking an interest! s@SandraTheMomBoss
@SandraTheMomBoss2 ай бұрын
@@carolfrome7801 No worries. That's a great rule of thumb for beginners to follow!
@suemckamely15967 ай бұрын
Great information. You are a very good presenter, speaking slowly enough and not rushing through the explanation. I will definitely be using this option. Thanks very much!
@SandraTheMomBoss7 ай бұрын
You're very welcome. Thanks for watching!
@deborahveryking64417 ай бұрын
Excellent. What is the cost for using product research option?
@JZaga7 ай бұрын
Thank you, Sandra, for another informative video Two weeks ago, I was about to quit reselling, but you encouraged me to keep going I can not thank you enough This week, I've sold 7 items so far I'm over the moon exited Thank you!!
@SandraTheMomBoss7 ай бұрын
Woooh! That's awesome. I've felt like that many times about reselling, youtube, and many other endevours. Being an entrepreneur/business owner is like that- many ups and downs. It's all worth it in the end! Glad to hear you're still on the train and making it work!
@kpratt59607 ай бұрын
Thank you for taking the time and being so thorough in your teachings. Just earned yourself a new subscriber.
@SandraTheMomBoss7 ай бұрын
Thank you!
@tatianaleon76767 ай бұрын
Very useful video Thank you so much for doing it and I will most definitely be using it.
@SandraTheMomBoss7 ай бұрын
Glad it was helpful!
@JZaga7 ай бұрын
Thank you 🙏
@eBayProductResearchToolАй бұрын
This is a great look at finding profitable items to resell! I’ve been refining my product research strategies and built a tool that’s been a huge help.
@GeorgeAnnSuasnavas6 ай бұрын
Thank you Sandra for taking the time to share your expertise with us. I apprecitae it very much.
@garyramey88577 ай бұрын
This is the first video of yours I have watched. But I was impressed, subscribed and will be watching more. Great work!
@SandraTheMomBoss7 ай бұрын
Awesome, thank you!
@sybillemarley18367 ай бұрын
My first video of you and great info and talking slowly is appreciated will definitely use this. Thank you
@SandraTheMomBoss7 ай бұрын
Great! Glad you found me. Thanks for watching!
@ChiquitaFLeak-zf7ol7 ай бұрын
Well done. This was definitely the best eBay comp tutorial.
@SandraTheMomBoss7 ай бұрын
Thank you!
@terribullock88577 ай бұрын
Very useful. You always do such a great job with instructing. Thank you
@SandraTheMomBoss7 ай бұрын
Great to hear! Thanks for watching.
@kathiekesterson96357 ай бұрын
Thank you for this video! I wondered how to use this. Sure makes doing comps much easier.
@SandraTheMomBoss7 ай бұрын
Yes! I dread doing comps. This simplifies it so much.
@patriciazepeda12524 ай бұрын
Thank you so much, you are very helpful ❤ love all of your videos.
@debbiekennedy60307 ай бұрын
Your effort to provide us with valuable information is very appreciated.
@SandraTheMomBoss7 ай бұрын
You're welcome!
@nubiacabrera9197 ай бұрын
Great job explaining the process and the presentation! 🙌🏼
@SandraTheMomBoss7 ай бұрын
Thanks so much!
@sharisimonehampton54347 ай бұрын
Thank you fot this necessary information. AND, thank you for making the information understandable as well as easy to follow. I actually remember now on how to use this tool. EBAY should compemsate you well for your teaching abilities!! 😉👍♥️
@SandraTheMomBoss7 ай бұрын
Glad it was helpful!
@ldogg638517 ай бұрын
Great video. I also use google lenses to find items as well.
@SandraTheMomBoss7 ай бұрын
Thanks!
@penguinYT17 ай бұрын
Thank you for a fascinating, clearly presented, and easy to follow tutorial. Excellent use of graphics. They made things more understandable and were not at all distracting. One (possibly dumb) question: how were you dealing with the cost of shipping?
@SandraTheMomBoss7 ай бұрын
Glad the video was helpful! For ebay I have it set up so that shoppers pay what I pay for shipping. I discussed it in this video (skip to the 30 min mark): kzbin.info/www/bejne/iWfXampteN6XZ9U
@lovelatham93017 ай бұрын
I wish there was a way to lock fields. For example, "pre-owned "
@SandraTheMomBoss7 ай бұрын
Yes. That would be great. It has that option on the web version. Hopefully they add it to the app version soon too.
@cclovelacegrace7 ай бұрын
I don’t use it for this reason!! But if they add that option I would
@TarasSimpleCrochet7 ай бұрын
On the app if you scroll down while in filters to customize and click that I think there is a option that you toggle to lockable filters to lock them 😊
@user-Mtoucheck7 ай бұрын
Mine doesn't have this option. Do you have to have a certain amount of listings before it is available
@MLACREATIONS306 ай бұрын
Very Helpful Information. Thanks.
@SandraTheMomBoss6 ай бұрын
You're welcome!
@Kim-cq5gk5 ай бұрын
Can I order the laminated form you use to show measurements. You mentioned you have some available in one of the videos I watched this week. ❤
@SandraTheMomBoss5 ай бұрын
Here's the link: stmbshop-2.myshopify.com/
@Kim-cq5gk5 ай бұрын
@@SandraTheMomBoss thank you so much!
@agelessglamournotyourmamas6887 ай бұрын
Very helpful Thank you!😊
@SandraTheMomBoss7 ай бұрын
You're welcome!
@ocoangel055 ай бұрын
Hi Sandra,I am starting my business and my house is a mess, not sure how to keep track of receipts and inventory for a beginner with limited space. my photo area, computer and storage will not be in same room any suggestios or a video. would you place the shoes under bed on containers. help please. you are great and you motivate me to keep going. i love shopping and can go overboard sometimes Thank you
@sabrinadean79607 ай бұрын
I am a new sub, thank you so much, very helpful.
@SandraTheMomBoss7 ай бұрын
Awesome, thank you for subscribing!
@janetmckinney24876 ай бұрын
thank you so much for all your help.
@SandraTheMomBoss6 ай бұрын
You're very welcome!
@vela08547 ай бұрын
Ebay’s camera/picture search is awful. I just use Google search then copy paste. Thanks for sharing the info
@SandraTheMomBoss7 ай бұрын
You're right, it won't find all the items. Google lens is a great option too. Thanks so much for watching!
@momofone957 ай бұрын
I don’t get the camera under product research. I just checked again. I will need to research why.
@amej19427 ай бұрын
Thanks, great video! ❤
@SandraTheMomBoss7 ай бұрын
You are so welcome!
@StaceNyourFace7 ай бұрын
Great info! Thanks! 👍😉
@SandraTheMomBoss7 ай бұрын
No problem!
@LisaDorsey-u7s6 ай бұрын
I have a question I listed a few dresses on pohmark. I think I priced them to high. Is it easier to sell on poshmark or ebay?? Thank you for information on product resources.. very helpful.
@rosejohnson99577 ай бұрын
I don't have the same screens I go down a product research and I click on it and I get a screen with just some writing on it but there's no camera
@pete18537 ай бұрын
The camera icon is in the app under the "home" tab, not in product research
@SandraTheMomBoss7 ай бұрын
Thanks for clarafying!
@photoalchemygina7 ай бұрын
Nice!! Thanks Sandra
@SandraTheMomBoss7 ай бұрын
You're welcome!
@jessie2138186 ай бұрын
Hi Sandra, I find your videos very helpful! Question: Is there a way to see active listings on the phone app vs the sold listings over a given period of time for example, if I am looking up Adidas shoes with product research and I want to see active listings vs Sold listings over the 6month or 1year time frame?
@Shelacy8 күн бұрын
I am looking for this info also. Example research tool shows 100 items sold but there are a 1,000 active for me that would not be a good buy.
@jessie2138184 күн бұрын
@@Shelacy You cant, the app version is in my opinion useless. You can however get that information on the actual website using a computer or typing in the ebay site into your browser on your phone.
@Oldsoles27 ай бұрын
once you’ve established the avg sale price for ebay how much do you price above to allow for offers and remain competitive. Do you use promoted listing and what percentage. thanks in advance
@SandraTheMomBoss7 ай бұрын
I price an item about 20% more than what I expect to get for an item, because I send out 20% offers all day on all platforms. If I expect an item to sell for about $25 I price at about $32. Currently I am promoting all items at 4% on eBay.
@aliciacurtis28457 ай бұрын
Great video once again Sandra, you do such a great job explaining things in such detail. Thank you! I do have one question do you need to have a store subscription in order to use this product research on phone or computer? All the more reason to get a store subscription if that’s the case I’m sure there are more benefits to having one Not exactly sure what they are maybe you can give us some input on that if you could I am a fairly new seller and appreciate you&all your videos! Thanks again!
@robinheim-buthod6684 ай бұрын
I have checked my ebay app and it is up to date on both my laptop and phone. The product research tool is simply not there. Any ideas on what I am doing wrong? I love your videos. Thank you for all of the awesome content!
@SandraTheMomBoss4 ай бұрын
I'm sorry I don't know why. Maybe you need to have a store subscription. Can you access the Seller Hub?
@robinheim-buthod6684 ай бұрын
@SandraTheMomBoss I bet uou are right! I'm a brand new seller. I have amassed a great inventory after watching all of your videos. I'm starting listing this weekend. Do you still have a List Perfect code? Again thank you for everything you do!!
@SandraTheMomBoss4 ай бұрын
@@robinheim-buthod668 Yes. Use Code THEMOMBOSS For 30% Off the First Month. Best of luck!
@robinheim-buthod6684 ай бұрын
@@SandraTheMomBoss Thank you! ❤️
@rwardlaw17 ай бұрын
I updated my app but not seeing Product Research as you show. Any suggestions?
@SandraTheMomBoss7 ай бұрын
are you clicking on the sale tab on the bottom right?
@rwardlaw17 ай бұрын
Yes
@user-ms6rm1fc9x7 ай бұрын
I can't find product research on my app.
@SandraTheMomBoss7 ай бұрын
@@rwardlaw1 That's odd. The only suggestion I have is to remove the app altogether and download it again. Just make sure you do know your login credentials.
@lhender7 ай бұрын
@@user-ms6rm1fc9x look under “Selling”
@nikkistupak62867 ай бұрын
Hi Sandra, I am a stay at home mom to my 10 month old and have started my thrift reselling journey. You have been such a guidance through this whole experience. I do have a question though that I can't find the answer to in your videos. Do you advise to start an LLC for tax purposes or no? My big fear is doing all of this work just to get taxed ridiculously at the end and end up breaking even. I am keeping all of my receipts. If you have any guidance please help!❤❤❤😅
@SandraTheMomBoss7 ай бұрын
Hello. Congrats on starting. Hope everything goes better than expected for you. An LLC is not absolutely necessary, but probably a smart move once you have the money to do it. My recommendation is to get informed about taxes as a reseller and keep track of everythin possible. Here are two resources: 1. www.doola.com/blog/tax-deductions-for-resellers/ 2. www.youtube.com/@notyourdadscpa
@carlasierra45647 ай бұрын
How do you know if some sneakers are women’s or men’s? Thanks for all your informative videos
@SandraTheMomBoss7 ай бұрын
You're welcome! When in doubt I usually go by the EU sizing. I search for a shoe size chart and see whether men's or women's EU size matches with the US size. Hope that makes sense.
@debbielandry64927 ай бұрын
Thank you for the great, informative video. Is there a way to find out sell through rate?
@cledentalconnect10967 ай бұрын
Is this only for if you have a paid for EBay store? I have a free account that I can list up to 250 items for free and I don’t have that product research feature on my app. And yes, I’ve updated the app just to be sure. Thanks for all of the info
@SandraTheMomBoss7 ай бұрын
Many people aren't able to find the feature. I'll have to double check if this is the case.
@kylemcgowan14 ай бұрын
Whats the name of the tool? I missed it.
@zebyvlogs81345 ай бұрын
Please tell me how to withdraw money from ebay mobile App
@sharonstrickland89057 ай бұрын
Thank you!
@sharonstrickland89057 ай бұрын
I needed this helpful information. I feel confident i can use this to check comps now . Thank you!
@SandraTheMomBoss7 ай бұрын
That's great to hear!
@lamerson7717 ай бұрын
Thank you!!!!!
@SandraTheMomBoss7 ай бұрын
You're welcome!
@jimm90517 ай бұрын
My ebay app did not have the option. I verified thst i do have latest version of app. Too bad as this looks helpful.
@SandraTheMomBoss7 ай бұрын
I'm sorry. That's odd. It was my understanding that this feature had rolled out to everyone. The only other suggestion I have is to uninstall the app and reinstall it.
@btdirtdays21747 ай бұрын
Just use Google lens to identify the item so you know exactly what you’re looking for. Then copy paste it into the normal eBay search field but then filter only the “solds” and it’s essentially a very similar workaround.
@cledentalconnect10967 ай бұрын
Do you have an actual EBay store you pay for? Or are you using the free version and can list up to 250 items free per month? I think you have to have a paid store to get this feature
@valeriesantos81787 ай бұрын
I could be wrong, but I think there were no results when u first searched ‘zebra’… was bc of incorrect spelling. So it’s nice that we can play around w/words, as u mentioned.
@SandraTheMomBoss7 ай бұрын
Oh geez, that was the problem! Note to self: slow down and double check spelling when checking comps. Thanks for pointing that out!
@valeriesantos81787 ай бұрын
Np. We all do it. It just shows u’re human ☺️ which reminds me to slow down too :) I’ve learned + revisit ur videos to continue learning cleaning tips, etc. Now I’ll continue watching this one. Thx for all the learning tips❣️♥️
@WrightDreamer7 ай бұрын
❤❤❤
@fcv19676 ай бұрын
This tool doesn't provide enough info to do a comp. You need to know how many are listed currently, and how many have sold in a time range.
@SandraTheMomBoss6 ай бұрын
You're right it doesn't give enough information to check sell through rate. It only works for checking comps. Those are 2 different things. It's my understanding that they will be adding the sell through rate data soon.
@BebeSatos7 ай бұрын
💜🙏🏼💜🙏🏼💜
@cclovelacegrace7 ай бұрын
This wasn’t useful in my eyes because you couldn’t filter the same way. Especially for condition.
@SandraTheMomBoss7 ай бұрын
Sorry I don't understand what you mean.
@cclovelacegrace7 ай бұрын
@@SandraTheMomBoss You can’t filter by preowned as far as I could see. Unless I’m missing it. So it’s kind of useless.. I hope they add it.
@SandraTheMomBoss7 ай бұрын
@@cclovelacegrace You have to select a category first to filter by condition.
@mzzzol4 ай бұрын
Wow! Thanks a lot for the info. SAS is San Antonio Shoes I live in San Antonio and here is the shoe factory they are very expensive. Thanks.