Making Mistakes Running A eBay Reselling Business

[@pkzenk2158]

Waiting in line at the DMV… Interesting thumbnail very intriguing! Have to watch it later when I’m not using data. Hope you’re staying cool up there.

[@TaylorExchange]

It’s a good one 👍 DMV is the worse I feel for you there.

[@pkzenk2158]

@@TaylorExchange Nah. Nothing like Wisconsin.. they take government agency work to a whole different level back there, lol! Folks here in TX - especially the office I’m at here (outside the Ft.Hood base) it’s all yes sir no sir.. tranquil, friendly, & helpful. And the a/c works!! Getting my 91 Camry back on the road.. haven’t driven it since 2017. It’s my baby.

[@TaylorExchange]

Oh right on! They are decently friendly but always seem to be packed to the gills with people.

[@josh33025]

Im in the spot now where i go to work during the week and then when i get home it's ebay until 10. Weekends are all ebay. It just never ends.

[@TaylorExchange]

It’s definitely a grind, keep at it. 🫡

[@BassandCoffee]

Go to the bins and buy from people there that havent even bought their items yet through the checkout. Youd be surprise how cheap they will sell to you.

[@TaylorExchange]

The bins?? Oh no, never. Not built for it. Those scavengers are a different breed of reseller.

[@bryanronning]

that workout clip 😂

[@TaylorExchange]

Hahaha

[@cidness85]

Do you really save money with the sales tax thing? I already have an EIN and sales tax permit but hadn’t heard of this.

[@TaylorExchange]

Absolutely. You save the money you would’ve spent on the tax.

[@Randi444]

"....with both feet" 😂

[@TaylorExchange]

Hahaha

[@BeverlyCollier-qz2dg]

Most states will abate one late filing penalty once a year or once in an 18 month period.

[@TaylorExchange]

Hmmm

[@markfarr4889]

You got to get a back log. I like to have at least 1500-2000 pieces ahead

[@TaylorExchange]

Jesus, where do you store it?

[@markfarr4889]

@@TaylorExchange it's not that many. Can easily pile up 400 pieces laying flat. Having 0 listing days doesn't pay the bills. I'm on year 26 and having a large q ready to go is how I stay in business all these years.

[@furtnot3441]

Question… for tax purposes, do you keep track of how much you spent on each item or do you do a grand total of how much you spent on everything for the year? If you do it once a year, how do you know if what you included in that actually sold or not. Not sure if that comes across clear but basically if you spend $100 on items and only sell 70% of the items, do you include the other 30% that you didn’t sell in your expenses.

[@shannongreenlaw321]

for taxes: of I spent for example $10 on $10 items ($1 each) at a thrift store, but then donated 2 of those items. Do I just say I spent $8 on $8 items. Pretend I never bought those bad buys? I'm going through stale inventory.

[@TaylorExchange]

I’m not really sure. That’s a CPA question.

[@MajelCats]

Homer Simpson “ 📞 I can’t come in to work today….I TOLD YOU - My baby beat me up….No, it’s not the worst excuse I ever used”

[@TaylorExchange]

Haha he packs a punch!

[@shannongreenlaw321]

I live in PA and I notice you don't have a texas "accent" like your coworkers? lol

[@TaylorExchange]

I was raised here but must have evolved past it 😂

[@BorisBidjanSaberi11]

Just got a huge paragraph negative review on ebay because I wouldn't offer a partial refund. Even though they asked for a return and refund first and opened it themselves I know I shouldn't get discouraged but I got two in one month.. what to do?

[@TaylorExchange]

Only one thing to do. Press on. 🫡

[@BorisBidjanSaberi11]

@@TaylorExchange yeah you're right. I just absolute hate it when some gremlin tries to ruin my business because I didn't send them $100 and gold coins too 😂 Lying a bunch angrily in feedback is some low behavior

[@pinkflowersboutique9990]

Give Randy money to go source for you. She knows what you sell 😊

[@TaylorExchange]

I'd also be paying here to drive 2 hours to the bigger city. But I don't think it's as easy as that even without the travel time.

[@pinkflowersboutique9990]

@@TaylorExchange wow that's far to source!