These Huge Changes Should Wake Up Resellers

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Commonwealth Flipper

Commonwealth Flipper

19 күн бұрын

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Пікірлер: 179
@streetgato9697
@streetgato9697 17 күн бұрын
Me and my friends watch this channel to see some rare items. We take bourbon shots every time you said "Plus shipping." lol!
@alfonsoalfonso647
@alfonsoalfonso647 17 күн бұрын
My Mercari Sales have actually INCREASED since they made the Change.
@bigsky-406-sales
@bigsky-406-sales 16 күн бұрын
Your channel is one of the best for practical common sense when it comes to reselling, very tidy. I love that you include your children with your videos, it makes your videos relatable and honest. Thank you for sharing with your peers on your way of doing it.
@magicalworldofthrifting
@magicalworldofthrifting 13 күн бұрын
Thank you so much for mentioning my channel. I wondered why I got a little boost of new subscribers. I appreciate it! 😊
@shalyndria
@shalyndria 18 күн бұрын
I just got a refund from fedex stating my box was smaller than listed... talk about a shock :)
@commonwealthflipper
@commonwealthflipper 18 күн бұрын
awesome.
@PhilDavisplus
@PhilDavisplus 17 күн бұрын
Ha, that never happens. Maybe you should buy a lottery ticket 😜
@shalyndria
@shalyndria 17 күн бұрын
@@PhilDavisplus right?!? I was kinda thinking that!
@donnad97
@donnad97 16 күн бұрын
Happen to me too, over Christmas,. I think it was UPS tho, maybe USPS. Don't remember it wasn't a lot, but yes shocked, first time in 20 years.😊
@ToyAddict
@ToyAddict 17 күн бұрын
One of the things I did to get started saving money was to put away $3 a week. It doesn't sound like much, but I figured I wouldn't miss that. Every few weeks I add a dollar or two per week as long as I really didn't notice the difference. I'm much higher now, but it was a place to start.
@commonwealthflipper
@commonwealthflipper 17 күн бұрын
That sounds very similar to the way I started
@Jennaweeks61
@Jennaweeks61 18 күн бұрын
Unfortunately right now I'm needing my money as soon as I sell something. Thank you for your wisdom and I'm definitely going to set up my business account and savings. I'll get there God willing soon. Thanks so much for sharing I appreciate it!😊❤ Loved the joke Turner 😂
@RetiredGoodtimes
@RetiredGoodtimes 16 күн бұрын
Yes, I am tired of no garage sales. There has been one estate sale, and one garage sale. I have been doing well on a the online auctions recently too. But, not many garage sales yet. LOL
@wolfmansgoodies
@wolfmansgoodies 18 күн бұрын
Thanks so much, Kevin
@legoboy-ox2kx
@legoboy-ox2kx 18 күн бұрын
I already got that controller and cleaned it up a bit haha. I collect different video game controller variants, and I hadn't seen that one before so I grabbed it for my collection.
@user-sf1mp2hk6h
@user-sf1mp2hk6h 17 күн бұрын
I got my colts hat today from you from Whatnot and I love it. Thank you so much!
@cheryldavis8776
@cheryldavis8776 17 күн бұрын
This was REALLY GOOD! I've tuned in before cuz I'm in R'mond and wanted to check you out. The stuff I saw previous to THIS video was fine, but this one reached out and touched me! I might have to subscribe soon! 😊
@raydaddy6914
@raydaddy6914 18 күн бұрын
After doing reselling now for about 4 years, (3 1/2 part time, 1/2 full) I just started paying myself and it feels AWESOME knowing that all my efforts are paying off. Working with my CPA, we forecasted for the year and determined what my FED/State part should be and what I needed to take as a salary and it's building more & more momentum with each passing day. 👍
@brettlott570
@brettlott570 17 күн бұрын
That’s Great News! I don’t know if I’ll ever get there to pay myself but I’m giving it my best.
@searcyangela
@searcyangela 12 күн бұрын
BECK....good reference!😄Enjoying your videos. Thank you for sharing your knowledge.
@gotjunkinourtrunk
@gotjunkinourtrunk 18 күн бұрын
The sunburst item may be a C. Jere piece. Most are marked on the flange on back or along a back peripheral rim. Tiny, so look closely. Some are repro but still sell well due to the aesthetic. Older C Jere may also be unmarked.
@reginalaplante1001
@reginalaplante1001 14 күн бұрын
I had two huge of those...
@Shaneathon
@Shaneathon 11 күн бұрын
Thank you so much for sharing you wisdsom. I've been reselling for 3 years, full time for 2 and I've always been bad with bookkeeping. It's time to change that
@akodoreign
@akodoreign 18 күн бұрын
The fees for buyers are very inconsistent. you can check 3 or 4 different times or from 2 different accounts in the same house, and they will be different costs for the buyer. Also with the return for any reason has caused a rash of people scamming it. By claiming the items are broken etc and getting an instant approval to send it back. Then Mercari is not giving the seller a chance to refute it once it gets back to the seller.
@belindamiller6349
@belindamiller6349 18 күн бұрын
That is a huge problem. I don't sell on Mercari and I won't bc of the scams that would likely happen.
@20NewJourney23
@20NewJourney23 18 күн бұрын
@@belindamiller6349 I signed up just a few days ago but refuse to use Mercari now that I know about the returns issue. No thanks.
@SpeedX3877
@SpeedX3877 18 күн бұрын
They gave me an opportunity to refute my return once it arrived back to me. I shared pictures showing they returned a different item to me and Mercari still gave me my money and I had a similar item to resell again. So it could be problematic, but it’s going to be a case by case situation just like any selling platform. Difference is, you often have to pay for the returns on eBay where as you don’t on Mercari. Also the scammers are losing money with each return as they don’t get their transaction fee back on the purchase. Only a 3% loss, but that adds up if scammers continue to do it. So it acts as a minor safeguard against some scams. Still a wait and see situation.
@SeastheDayThrifting
@SeastheDayThrifting 18 күн бұрын
Thanks for all the info, Sadly we have seen a bit of slowdown in Mercari sales :( Haven't given up yet, just kind of letting things ride right now hoping the dust will settle & we will find a new norm with them. Love the Christmas fund idea...definatly will need to plan for that :) Blessings to you and your family
@judib1965
@judib1965 18 күн бұрын
Thanks so much for your ideas on Mercari and what is possibly behind this innovative move they have made..I sell on Mercari and will definitely keep your words in mind...I always enjoy your videos and learn something from each one of them to enhance my selling expertise and what to especially look for to resell when I am at auctions and yard /estate sales...Your children are adorable and do such a nice job on your channel...
@crystallaner230
@crystallaner230 17 күн бұрын
Kev. I sourced full time from just ebay for almost 7 years. Glad you mentioned it
@karengrube8512
@karengrube8512 18 күн бұрын
I loved this one. I like it when you talk finances lol. It’s clear you did research and put thought into your assessment before creating the content! I do want to give a shoutout to another vid I think you may find interesting if you have not watched it yet. Vicky from Avante Avenue did an exceptional job of researching fees and breaking things down. She has a unique way of presenting the information. As always I love your content. Keep up the great work!
@user-lc6vd6bo6u
@user-lc6vd6bo6u 14 күн бұрын
Thank you for this video! It has helped me in many ways. I am one of those living sale to sale due to medical issues with our family. This is the year I am trying to up my game and will be putting some of your ideas into action.
@karentingler4937
@karentingler4937 8 күн бұрын
Do at least 2% Promotion on your listings. You will sell more!
@TheWiscoStore
@TheWiscoStore 18 күн бұрын
Got my HillBilly sticker in the mail the other day. As far as Mercari....I wondered if them shifting the fees to the buyers was an attempt to get more sellers on their platform? The more sellers and items listed on the platform the more sales and money they eventually make. Ive sold casually on Ebay for a year and it peaked my interest. I listed 3 items on Mercari (a gps and 2 hats) as a small test 2 weeks ago. 2 of the 3 items have sold. I will be listing 10 random items there this weekend as another test.
@Kelly-nd3cz
@Kelly-nd3cz 13 күн бұрын
How has the 10 Sales gone with Mercari for I’ve never tried them yet want too??? Thanks for your help? If you don’t mind answering me. Thank you for your help big time appreciate it. Have a great week and wish you nothing but Happiness Healthy and Prosperity in 2024.👍💪♥️💜🙏😇
@shdonttalksh
@shdonttalksh 18 күн бұрын
I do over 100k a year on amazon and I used to buy from mercari all the time to flip stuff. But now after the new fees I don't bother anymore
@thriftingsmyhobbiesue2152
@thriftingsmyhobbiesue2152 11 күн бұрын
I really enjoyed this video. I gave up dealing with FedEx a good while ago. One, the place that I took the packages no one knew how to scan them so it would take forever. I even had to leave & go to another store to drop off the package. The last straw was when FedEx did not pick up my package for a few days. Keep up the good work Kevin. You are much appreciated.
@blacksheepsociety8771
@blacksheepsociety8771 18 күн бұрын
Love the Mercari 'Christmas Fund' idea! I usually let those funds build-up quite a bit before I draw them out anyway, so what's another 9 months.
@tamichaffee932
@tamichaffee932 18 күн бұрын
Agree on FedEx... will never use them and was relieved to hear a different take on the Mercari changes as I've been a seller & occasional buyer for years and my sales are still going strong... knock on wood 😅
@twolampsandamonkey5280
@twolampsandamonkey5280 18 күн бұрын
You're exactly right with the bank accounts. All three are necessary and it's amazing how much a high yield savings account earns compared to a standard account!
@ordiekelleher2641
@ordiekelleher2641 18 күн бұрын
I think mecari change is good. Makes them stay.😊
@postcardshackpostcards2369
@postcardshackpostcards2369 18 күн бұрын
Hi Kevin, I too quit using FedEx because of some insane mistakes they made, such as shipping stuff to the wrong address and taking a week for “overnight” deliveries. I had to eat the costs of their mistakes.
@ericdixon1884
@ericdixon1884 12 күн бұрын
I'm doing flea markets and stuff. No more online. I know I won't make nearly as much but as long as my familys needs are met and I can help a few folks along the way. ❤❤❤
@rondamylove9995
@rondamylove9995 11 күн бұрын
I've not been a fan of FedEx for years. Had drivers drive by my house, not even stop, and I get a notification no one available for signature. They've delivered things to the least accessable and never used door. They refuse to ship to a smaller shop in a center with a closed business claiming the small business was out of business. Extremely frustrating. They are good for shipping medical samples overnight. I'm pretty sure that's it.
@FDpicker70
@FDpicker70 18 күн бұрын
21 items sold so far this month on Mercari. After $20 in your account the % drops below 10%. So if you didn’t drop your prices then it’s a win. Just pulled out $100 so 2% fee. I spend 5 minutes a day working on Mercari.
@crystallaner230
@crystallaner230 17 күн бұрын
Yep same here basically. People who freaked out can't do math
@webrik33
@webrik33 18 күн бұрын
Walter has it going on. Especially from the business side.
@Regina.Michelle
@Regina.Michelle 17 күн бұрын
Love the money talk.
@valeriesantos8178
@valeriesantos8178 17 күн бұрын
My credit union told us that, since 2016 they don’t allow business bank accts and we have til May 1st to make a change… they randomly check back accts.
@robertstewart2674
@robertstewart2674 17 күн бұрын
Go somewhere else
@inden301
@inden301 12 күн бұрын
Love your son's jokes. Keep em comin'
@oskaipwn
@oskaipwn 17 күн бұрын
Mecari is the Airbnb of reselling. You see something at a good price, add it to your cart and see a price 25% higher. It's just an awful feeling, it leaves a bad taste in my mouth. It's kind of like ticketmaster.
@lmdill2001
@lmdill2001 13 күн бұрын
Good info! Reddit blew up with angry Mercari sellers regarding this & I was thinking it's really not that bad, lol
@doreentrusty1538
@doreentrusty1538 18 күн бұрын
Great proven advice
@atticrenewal
@atticrenewal 14 күн бұрын
Hello sir from Smithfield!
@williambragg8305
@williambragg8305 15 күн бұрын
All info asides i thought I had the wrong video at first. I don't think i have ever seen you without a hat on. So as soon as i heard your voice--Yep I'm in the right place.
@thegardenstatepicker
@thegardenstatepicker 18 күн бұрын
My eBay sales have increased to about $175 a day. My Mercari have tanked from the day of the change to 1 sale since that change. I don’t even have many likes on items. I have mostly vtg toys, comics and cards (graded and raw). Some cards are hot in other platforms. I’m giving it 2 more months.
@thegardenstatepicker
@thegardenstatepicker 18 күн бұрын
My biggest issue with the fee to withdraw is that it isn’t instant. If you look on their social media, people are still outraged. Also, unlike a bank… money is not insured. Mercari could go under tomorrow and your money is at risk of being gone. So I do suggest withdrawing daily.
@esmelovesvintage
@esmelovesvintage 18 күн бұрын
Hi Kevin 😃 I sure do appreciate you took a whole episode to talk about the changes at Mercari ♥️ As you know, I’m a part time (I say hobby) reseller and my sales continue to be steady and normal and nobody has told me “I would have bought it but I refuse yo pay this new fee” like some people comment on facebook groups 🙄. I used to use fed ex but I got burned so ups for me ✅ thank you!! 🆒
@commonwealthflipper
@commonwealthflipper 18 күн бұрын
I should have contacted you to see how things are going on Mercari.
@TheOldTapeArchive
@TheOldTapeArchive 17 күн бұрын
If I didn't watch this channel, I'd never know Mercari even exists. They've got poor name recognition outside the higher volume, multi-platform selling community.
@miguelsainz2641
@miguelsainz2641 18 күн бұрын
Great video 📹 👍 👏 👌
@tombell4433
@tombell4433 18 күн бұрын
My wife and I sell on mercari and ebay and last week we had a customer send an offer on an item on mercari, we counter offer a time or 2, and before they accepted the offer on mercari they sent an offer on ebay for the same item, which we declined, they than message us in mercari again asking if I declined the offer, they said that they felt it would be better for both of us for them to make the purchase on ebay because there's not as many fees. They did end up buying it on mercari.
@marycarlson8837
@marycarlson8837 17 күн бұрын
This is my nightmare...
@Cbgrandtheftauto
@Cbgrandtheftauto 18 күн бұрын
I had Fedex completely destroy a copier I sold last month. I spent 4 hours building a crate for it and had had huge foam corners sandwiched around it. It looked like they dropped it off a two story building. Luckily the buyer was able to get the part out of it to fix theirs, but I am still fighting Fedex on the claim. The other day I got a notification from ebay they "adjusted" my shipping and charged me another $50. I disputed it with ebay and told them I am currently fighting Fedex for destroying it.
@maximo6037
@maximo6037 18 күн бұрын
I gotta call today to dispute three overages totaling $130...more than cost of the orders. They're insane greedy a-holes
@opiegonebad58
@opiegonebad58 18 күн бұрын
I totally agree with your no debt lifestyle. We do the same thing. We live comfortably and if you saw our income, you would be shocked at how low it is. It is very possible to live comfortably without a 6 figure income.... or even a high 5 figure income. Stay out of debt. If you can't pay cash, don't buy it period. Save what you can and put it in an interest bearing account or invest it. Money sitting in a standard savings account is losing money every day because of inflation. There are some things I disagree with Dave Ramsey on but for the most part, if you follow his rules you will be debt free and will be saving money even if you don't make a lot.
@JamesWilson-ci8jc
@JamesWilson-ci8jc 18 күн бұрын
It's been months since I had a sale on Mercari, very strange..they need to do something to get their platform going
@montegoselections
@montegoselections 15 күн бұрын
I cross list and I do not have time to be constantly changing prices. So my items are now more expensive on Mercari and my sales on the platform has plummeted since this change. I’ve had only one sale since the change. So, I am not too happy with this change.
@TheHobbySpot710
@TheHobbySpot710 17 күн бұрын
Wouldn’t Mercari get interest off the money that is held on the site?
@DonUhlir
@DonUhlir 18 күн бұрын
Following and watching for years. Great info. This may be the best video you put out by far. Money is a tool. Proper money management may be the most important part of a small business.
@commonwealthflipper
@commonwealthflipper 18 күн бұрын
I appreciate that!
@Jennaweeks61
@Jennaweeks61 18 күн бұрын
Good morning 🌞
@commonwealthflipper
@commonwealthflipper 18 күн бұрын
Good morning!
@grtkaren
@grtkaren 17 күн бұрын
I just wait transfer my funds on Mercari once a week only get charged 2.00. I started selling over there the first week 11 items sold.
@roseannabrookhouser1302
@roseannabrookhouser1302 14 күн бұрын
The MCM starburst is not MCM. Its interior Decorators from the late 80s. My mom sold them.
@9TNS-28
@9TNS-28 17 күн бұрын
I’m wondering if anyone knows more about the pilot for eBay doing a more fulfillment style like stitch fix or Amazon. I’ve heard a couple resellers talk about it. Wondering thoughts on it. I have my own thoughts and I am not worried about it because I think it’ll only work well for casual sellers because profits will be pretty small for the work/wait. They’ve also attempted it in the past and it hasn’t worked as well as they’d hoped. But, I also don’t know the ins and out of what they are planning now.
@racingtegnsilver8909
@racingtegnsilver8909 14 күн бұрын
Mercari sales have gone up. I did drop all prices by 10%. May do free shipping to help buyers as well. Im one of those people that source from my home. I will be source much less from mercari. Not many people dropped prices. After all fees, shippig and taxes its cheaper elsewhere.
@terribrillhart9200
@terribrillhart9200 18 күн бұрын
Where in Pennsylvania? I live in York. Would love to run into you and your family. Go to community aid. Great place to source.
@bennystratton7734
@bennystratton7734 17 күн бұрын
also if your a Mercari to Every other Platform person then because of the fees you as a buyer would have to pay now you just have to up your game as a NEGOTIATOR or Haggler over price figure out how much more you have to pay in fees and shipping now and try your darndest to get that off from the price of the item Mercari is HEAVILY Pushing the sellers to lower there prices now that they have NO FEES to pay
@bennystratton7734
@bennystratton7734 17 күн бұрын
for example prior to the change if you were going to pay $10 plus $6 for shipping and now you have to pay $10 plus $8 (shipping and fees0 you try to get that $2 off from the item price or you move on to another item and another seller its how sourcing works just because the implemented this for buyers does not mean its not going to be a viable place to source im going to still source there just like i source on every other platform including the newest platforms whatnot district Im a Firm believer in diversification IN EVERY aspect of your reselling business INCLUIDING how you source (sourcing is not just doing flea markets, yard sales or thrift shops) you have a whole WORLD WIDE WEB to source from USE IT PEOPLE the only one your hurting by not using the WORLD WIDE WEB as a sourcing tool (and blindly only sourcing locally) Is your own reselling self!
@lindahoward8746
@lindahoward8746 15 күн бұрын
Hi there. I use Mecari and I do not see more income. Here is why. Buyers are asking more discounts on items most likely because of fee charges to them. It's been a lot lately. So I'm not making the extra money without fees because buyers are constantly asking for more off the prices. So it's pretty much the same. Even when I list items I now keep in mind the extra charges to buyers and I want my items to move so I try to list few dollars lower.
@TheOldMansPicks
@TheOldMansPicks 18 күн бұрын
My conspiracy theory with the Mercari move is that they will soon be rolling out paid (by the seller) promotions like eBay.
@commonwealthflipper
@commonwealthflipper 18 күн бұрын
I would not be surprised one bit.
@marycarlson8837
@marycarlson8837 18 күн бұрын
I like the changes at Mercari. I like to buy large lots, and there are always some lower value items that are not worth the time to list them on ebay (mainly partly because of the commission ebay takes on the shipping). I'm trying them on Mercari, and I think it will work out. Also Mercari has a "import from ebay" button now which is very handy.
@bennystratton7734
@bennystratton7734 17 күн бұрын
100%
@davesgoldantiquesloan
@davesgoldantiquesloan 10 күн бұрын
Most well known auction houses charge no sellers fees on items they are keen to acquire. Could this also be Mercari’s plan? And will it lead to other online auction houses following suit?
@arcticfox6808
@arcticfox6808 17 күн бұрын
I don't even know what Mackari is, never heard of it.
@threeriversthrifters4354
@threeriversthrifters4354 16 күн бұрын
My Mercari sales have tanked since the change. I am a full time reseller and think it’s a bad business move. Sellers should pay the fees. As soon as they made the change, they’re encouraging all resellers on the platform to lower their prices by 10% to attract more buyers. So how does that benefit the seller? It puts us in the same position we were in. And I’ve seen some of the charges they charge my customers when they buy from me and it’s absurd. I certainly wouldn’t pay it. I would just go to a different platform and buy the item. Generally Mercari does not carry such unique items that you can’t buy them somewhere else. I know paying fees is annoying for sellers, but that’s how you get business. I’ve been a full-time reseller for years and do quite well, I’ve also worked in the corporate industry and just feel like this is a bad business decision. Sellers need to see the picture.
@LaddFPF
@LaddFPF 18 күн бұрын
I do have a separate bank account for reselling. Because I have a day job and don't live off reselling I just have once a month payout. First tuesday of the month I take the lump sum and split into savings and checking using the 50/30/20 principle.
@brettlott570
@brettlott570 17 күн бұрын
What’s the 3rd account? Checking, savings and what.
@LaddFPF
@LaddFPF 17 күн бұрын
@@brettlott570 I have 2 savings accounts in the other bank. One for the profit to myself and tax savings, while business expense portion stays in checking.
@TurkeyCreekGal
@TurkeyCreekGal 17 күн бұрын
I definitely have the discipline, i just don't have the money... yet! My mom is in bad health and my poor Dad, hes in terrible health! He was a big strong man although my life, now he weighs 125lbs😞 and im helping take care of them. Will yall please pray so hard for my folks, especially my Dad?? He's really sick and I can't live without him. He's always been the best Dad, and perfect in my eyes! When he passes away, i feel like I'll die from sadness and a broken heart without him. Kevin please forgive me for spilling all of this, Im just at the end of my rope, or feel like im slowly sinking in quick sand. Anyhoo, please pray hard for my folks!😢 Thank you for another great video ❤
@commonwealthflipper
@commonwealthflipper 17 күн бұрын
Spill away. For sure
@TurkeyCreekGal
@TurkeyCreekGal 17 күн бұрын
@@commonwealthflipper thank you, I've never been so sad in my 58 years of life or ever felt so alone. I bet I've lost 10 pounds in just tears alone. How will I live without my Dad? I honestly don't feel like I I'll be able to. I'm at a loss! I'll pray more because I know Jesus is always with me. Thank you
@edmondjgenereuxjr4417
@edmondjgenereuxjr4417 12 күн бұрын
i lowered all prices on mercari and sales still suck
@bennystratton7734
@bennystratton7734 17 күн бұрын
15:12 look at Amazon and what they do to new sellers they hold your funds for 2 weeks sometimes even more thank god I'm grandfathered in since i have been selling on there the same amount of time i have been on eBay 25 years full time so i get my funds deposited weekly from amazon (if wanted to i can withdraw it anytime i want but i do weekly) but yes new sellers and even some that have been there for 5 or 10 years have to wait 2 weeks while amazon makes money on there money! they use all excuse as to why they do it but THEY know why they do it its because they Can Make Millions on the interest while it sits there for 2 weeks if not longer in a bank account
@KruegerKing
@KruegerKing 18 күн бұрын
Love this Dave Ramsey speech (not sarcasm)
@pstep691
@pstep691 18 күн бұрын
Hi Kevin, I got an email from eBay yesterday stating that they would be “updating default shipping rates shown on your listings .“ Starting May 15, calculated shipping will default to show the buyer the discounted rate. The last line really got me wondering. It said “This change will only apply to sellers receiving this email. “ I trust your take on these things because it seems you really try to analyze all sides. I enjoy your channel.
@crystallaner230
@crystallaner230 17 күн бұрын
It's only applying to the sellers who hadn't turned it on already. I turned mine on months ago
@pstep691
@pstep691 17 күн бұрын
Oh, that makes sense. Thanks for the info.
@brettlott570
@brettlott570 17 күн бұрын
So what’s happening with eBay shipping? The buyer will be able to see the sellers discounted shipping rate?
@pstep691
@pstep691 17 күн бұрын
Yes, unless I opt out. I’m still unsure if this applies to all sellers who use calculated shipping and don’t already show the discounted rates or just selected sellers.
@bizzNES17
@bizzNES17 18 күн бұрын
Weren’t eBay and PayPal forced to cut ties due to some anti-trust issues?
@vmherrin7880
@vmherrin7880 17 күн бұрын
What is the symbol on your t-shirt, Kevin?
@ThriftMachine
@ThriftMachine 17 күн бұрын
My old job used to hold money if the payday fell on a weekend or holiday. I threatened to sue if they didn't pay the dividends on the what they made off people's held salaries. Suddenly we got paid on time and a large bonus showed up. Turns out it was a slush fund for the C class to go to Mexico or give bonuses to themselves. Mercari and eBay should tread lightly and not get too greedy with all this.
@RetiredGoodtimes
@RetiredGoodtimes 16 күн бұрын
So if you don't take you money out of Mercari, and spend it is that taxable? I am sure it still is. I guess that also brings up the question does Mercari send a 1099 if they never send you money?
@vynilrob9719
@vynilrob9719 17 күн бұрын
Since I sell only comics Mecari's a no-go for me. It's just not as good as eBay for me...if anything, it seems sales are way slower than eBay's (which is 1-2 a week).
@wwz1011
@wwz1011 15 күн бұрын
Competition to better attract SELLERS. This is exactly what eBay needed. One "trick" Walmart and other use is they pay their suppliers slowly (90 days), while they sell those items today and get the money today. So they are making a lot of money on the money they hold until they eventually pay their suppliers. Suppliers know they need Walmart so they put up with it.
@gcisneros6555
@gcisneros6555 12 күн бұрын
You might as well take the endorsement payment. You advertise for them for free already!
@babsaroo1
@babsaroo1 18 күн бұрын
I need pointers on how to shift to separating the business money from the personal.
@JohnnyLightningV10
@JohnnyLightningV10 14 күн бұрын
Open a business account as sole prop at bank. Setup all business through that if you are sole prop.
@davidstewart8783
@davidstewart8783 17 күн бұрын
It great you are selling Hillbilly stickers 😊
@hillbillymountainpicker
@hillbillymountainpicker 17 күн бұрын
Love your selling hillbilly stickers
@krisk4513
@krisk4513 18 күн бұрын
Do you have any rules of thumb when it comes to getting an offer price for an item? Like accepting X% of price or if it's been on sale for Y period of time you'll take a low bid offer.
@commonwealthflipper
@commonwealthflipper 18 күн бұрын
not really. The things you mentioned are all factors. As well as the size of the item. Maybe even what you paid for it but to me that isn't an important factor.
@oriondx72
@oriondx72 12 күн бұрын
Never heard of Mercari i just do ebay.
@cowboypatriot6052
@cowboypatriot6052 18 күн бұрын
Thank you for calmly rationally approaching Mercari with integrity instead of seezing an opportunity to market a good rant.
@OriginalNethead
@OriginalNethead 18 күн бұрын
I've never sold on Mercari. Re fee shift: The customer cares about the total cost. If the buyer pays the fees it takes a chunk out of what they'll pay for an item. It may cost the seller more or may be a push. I I do use one of those coupon/rebate sites and let the money accumulate in Paypal. Then I buy USPS Christmas gift postage, medical stuff and underwear on line. Is Paypal making money on the float? Darned right they are, even if they don't admit it.
@marycarlson8837
@marycarlson8837 17 күн бұрын
I think I have to disagree with you partially - there are a lot of buyers that, because of the way Mercari is set up, don't really even know what their total cost will be. I sell some things free shipping and I know a lot of buyers don't notice or don't care about the shipping one way or the other; so I suspect many wouldn't even notice the extra fee.
@jb47201
@jb47201 17 күн бұрын
I don't live in what I would call a small town and a Fedex store is not even in our county. They don't pick up item out of the drop off box like they should. I only us them when I am forced to.
@onemanstrash8233
@onemanstrash8233 18 күн бұрын
Love Turners comedy! Thanks Turner!
@heatherbrooks8918
@heatherbrooks8918 18 күн бұрын
I totally agree with your take on Mercari! And man, no fees for us - FINALLY!!! 😂 Hey how did you get all your items over to Bonanza?
@babsaroo1
@babsaroo1 18 күн бұрын
The bonanza machine will transfer your items over with barely any assistance from you.
@lollollollolololollo
@lollollollolololollo 18 күн бұрын
What's your listing name? I'm happy to buy from you and keep the items but send you junk back😂. That's what is already happening. "Support it until it happens to you."
@RetiredGoodtimes
@RetiredGoodtimes 16 күн бұрын
Absolutely on the IRA. Start when you are young. When you retire you will have quite a lot. I started in my 30s and have a fair amount in mine. The older you get and the more money you make put more in. It will really grow then. Watch some of the more volatile funds when you are younger. They can pay quite a lot. The older you get you won't want your money in the funds that might swing a lot, because you have a lot more to lose.
@alfonsoalfonso647
@alfonsoalfonso647 17 күн бұрын
People pay ATM Fees, and pay on average $3-$5 each time. So paying $2 to withdraw your money, isnt that big a deal.
@bennystratton7734
@bennystratton7734 17 күн бұрын
100% if $2 is a big deal to transfer your money to our account you should not be reselling you have a much bigger problem! You just let that amount grow till its worth paying $2 to send to your account if it takes a week worth of sales great if it takes 2 weeks or 3 weeks or a month or 2 months then great too but if your just complain about $2 to transfer ANY amount of money then again you should not be reselling you have bigger problems/issues
@trinacerk7608
@trinacerk7608 17 күн бұрын
What are your thoughts about selling low to move your items for a quick payday.
@bennystratton7734
@bennystratton7734 17 күн бұрын
if your making a profit that's all that matters, as long as you can pick and pack it quick thats even better
@marycarlson8837
@marycarlson8837 17 күн бұрын
There are all sorts of different business models, that is certainly a valid one.
@bennystratton7734
@bennystratton7734 17 күн бұрын
for instance if you can sell 250 items a day and make $20 Profit on them or sell 1000 Per day and Make $10 per day profit what would rather do? the lower the price especially if your lower then market the quicker it will sell and if you can do this in volume you will always come out better then selling Less but for more but you have to keep your buy cost down big time like maybe 10-20% what your going to list it for
@terrywilliams8585
@terrywilliams8585 17 күн бұрын
Kevin, would it have to be a business account? Or coukd it just be a separate account exclusively for the business? Im not sure a want to go that in depth selling on Ebay. Im retired and just want to sell things and make more money.
@commonwealthflipper
@commonwealthflipper 17 күн бұрын
Separate is fine
@terrywilliams8585
@terrywilliams8585 17 күн бұрын
@@commonwealthflipper thanks Kevin
@bennystratton7734
@bennystratton7734 17 күн бұрын
27:05 actually its not .10 Kevin it was a .10 increase now its .40 and for those that cant do math its a 30% increase in that per transaction fee! it was .30 they upped it .10 so 10% of .30 is .03 x that by 3 that's .09 or 30% CRAZY on eBay's part slap in the face to sellers! so yeah if you make 600 single sales in one month (meaning 600 individual transactions) your paying eBay $240 Per month on that .40 per transaction fee (600 transactions per month x .40) $2880 per year $28,880 over 10 years CRAZY CRAZY CRAZY
@marycarlson8837
@marycarlson8837 17 күн бұрын
How much do you suppose it would cost you to have a brick and mortar store? I don't begrudge ebay making money - how else can they stay in business? I have had a physical store, and I am very glad to be selling on ebay now. The expenses are much less.
@bennystratton7734
@bennystratton7734 17 күн бұрын
@@marycarlson8837 Oh i know how much it is that is why i went full time 25 years ago in 98' selling online (and not the B+M) route on eBay and amazon and most platforms that have come along since. If you knew how much less it was to sell online then have a B+M why did you choose to pay more expenses for a B=M makes no sense NOTHING has changed over 30 years eBay and amazon have been around Online selling has always been LESS expensive then B+M period. Sorry but there is OTHER ways to Make MONEY as a COMPANY LIKE ebay then Raising FEES on Sellers escpaolly small business sellers NOW companies Like Funko and All the others they have WOOED to there platforms THOSE are the companies they should be RASING Fees 30% in one shot! sorry no matter what you say (or how you feel) there is NO EXCUSE in the world for eBay to be raising a FEE 30% PERIOD! I mean heck the POST office doesn't even raise POSTAGE by 30% (do you know THE BACKLASH they would take from the public if they Raised postage by 30%) but eBay is smart they know most of there sellers are FOLLOWERS and really... idiots and don't stop to THINK about the big picture that PENNIES do add up quick ESPCILLY with that FEE (the per transaction fee) but hey if you want to give them 30% more out of your pocket you go right ahead because trust me if they think they can RAISE that fee 30% with little to no backlash (with people like you that see on wrong in that) it will NOT stop with just the Per transaction fee! trust me i have been selling full time on eBay for 25 years I know this company like the backside of my hand that is why i diversified 25 years NOT like the majority that waited till the bottom fell under in 2023 prior to last year NO ONE was talking about selling on ANY OTHER platform ten EBay Diversification In all aspects of a reselling business (especially online) is a MUST to solidify it! if you don't your at the peril of THAT ONE platform Not smart business sense at all. Unless you speak up and speak out on INSANE fee Hikes like this one 30% Fee HIKE its FACT that is what is and as a 25 year full time seller on eBay its 1000% unacceptable! don't let me start on Promoted listings!
@slewismcleod
@slewismcleod 18 күн бұрын
Does Raegan make the stickers?
@commonwealthflipper
@commonwealthflipper 18 күн бұрын
no. JessBCraftin on IG does.
@MidwestPicker
@MidwestPicker 18 күн бұрын
My wife complains all the time that I have a campy smell. I have no idea what she's talking about.
@commonwealthflipper
@commonwealthflipper 18 күн бұрын
lol
@brianklaus2468
@brianklaus2468 18 күн бұрын
but...but...but...you said in another video to not mix the business money with personal money!!
@commonwealthflipper
@commonwealthflipper 18 күн бұрын
? Did I say something different in this video? Opening a business savings account. Not a personal one Brian. Did I misspeak?
@brianklaus2468
@brianklaus2468 18 күн бұрын
@@commonwealthflipper well I was watching while working so I take it back lol
@mcox6824
@mcox6824 17 күн бұрын
Be neither a borrower nor a lender be....... - Gilligan's Island
@jiminlover8212
@jiminlover8212 17 күн бұрын
Do yall still do, save a dollar,spend a dollar, donate a dollar? I haven't heard Turner say that in a long time.
@commonwealthflipper
@commonwealthflipper 17 күн бұрын
Yup
@hollyp4579
@hollyp4579 18 күн бұрын
Did everyone forget that no matter what platform they purchase on they are “paying” the sellers fee….because that fee was always built into the price of the item! Just like when you go to a grocery store, the stores “cost of doing business” is built into the price of the items. Now on Mercari you are just able to see the breakdown of the fees. That’s the only difference. More transparency.
@lollollollolololollo
@lollollollolololollo 18 күн бұрын
Hi Holly, as a disabled person, to make any profit, very infrequently, I would compare market value (video games clothes, college books, collectors items) and list 40% or more lower. For example only - $10item was listed at $6 or lower. I didn't include seller fees in my price in the first place. Now I need to mark it for what, $1-$2 to get it to sell? What point is that if they can now (and do now. All my listings were specified no return unless damaged) return it or worse switch out the items and send me back something else. Of course i had big ticket items that were also well below market value. Even ones with free shipping so I COULD COVER insurance if over $200. Now what? Now they can claim a return (who pays if I did free? Exactly..Me.) And what if they broke the item or took a part out? (Which is also happening, like a harddrive, switch, wire). Now I'm out shipping, and the items. If I use their shipping and it's damaged but it's over $200? I'm screwed. How in the world is this worth my time? Im a 5 star seller with only 1 return because it broke in transit, but I used their shipping. The lack of common sense with this issue is beyond my comprehension.
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