Three Hard Lessons From My Worst Deal Ever

Рет қаралды 35,689

Renix Pesale

Күн бұрын

Пікірлер: 92

@Jake-Day 10 ай бұрын

“I did my research. I watched multiple KZbin videos.” ❤😂 A fellow traveler.

@joeyrulz86 10 ай бұрын

so in the tcg world, 50-60% makes sense from the overhead cost for sure. For someone w no major overhead cost, 70% can be a margin I can operate on. If I had a store and overhead cost, 60% is still fine but only on quality products. lower end stuff would be 50% or less. Ive had a few bad experiences over the years but thats the growing pains of a reseller. But if it wasnt for pokemon, yugioh and magic the gathering, I wouldnt have paid for college, my vehicles, and soon to be house. If you know what youre doing, it can be very profitable and a life style.

@miracle_flipper 10 ай бұрын

I’ve just re-started selling on tcgplayer mostly yugioh bulk, if you have any tips and would take to the time to talk with me I’d really appreciate it.

@danizard_tcg 10 ай бұрын

@@miracle_flipperbuy envelopes, stamps, toploads and team bags in bulk.

@smerk429 10 ай бұрын

Nah still too high. Aim for 25% fire deals only

@Jameson11ink 10 ай бұрын

@danizard_tcg I ship all cards

@danizard_tcg 10 ай бұрын

@@Jameson11ink I wouldn’t recommend shipping with a toploader, card saver, or one of those little cardboard pouches.

@SargeWolf010 10 ай бұрын

1st Lesson beware of "I'll make it worth your time" aka be skeptical 2nd Lesson EVERYTHING HAS AN EXPIRATION DATE!!!! 3rd Lesson Don't always risk it for the biscuit 😅

@major-minor 10 ай бұрын

really appreciate this content! I'm starting to get serious about video game reselling and your advice is good to take in! I've done a few bulk deals with friends from my church, and hope to move on to local people I can maybe find around town with Facebook or flyers!

@michaeldel8 10 ай бұрын

He told you he would make it worth your while and you had that imprinted, you were dealing with someone who knew what they were doing. Appreciate the willingness to share the “lessons” rather than just all the wins 🙏

@MrWhatzUPyo 10 ай бұрын

We need a day in the life of spanky video

@joffreymanborg7024 10 ай бұрын

🤣🤣🤣 love ginger guy in background proper howling at you

@ZBatt1 10 ай бұрын

Riff’s editing really shined through here! Great job 👏

@carlagraca6022 10 ай бұрын

I'm guilty of falling "prey" to investing too much on a niche I was just dabbling my feet in, much like you on the makeup. I'm glad that you've brought it up to attention and hopefully it will save many people headaches.

@dennisthegamecatmanguso6953 10 ай бұрын

First thing I thought about when you started mentioning the makeup was it was expired…

@pcphoenix123 10 ай бұрын

There was a pawn shop on KZbin who had the same experience…

@Padilla450 10 ай бұрын

I really liked this type of video! Such a plethora of knowledge in red flags to watch out for.

@yenterpriseonebay 10 ай бұрын

Thanks for being transparent and humble about your lessons. We all make mistakes as we learn how to run a reselling business.

@alexrocks135 10 ай бұрын

I always thought sunk cost was an accounting term used to describe an purchase made for your business that you can’t accounting for since you were going to do it anyways. For example, you want to sell your house but your roof collapse. You have to fix your roof now, but you were going to have to do it anyways if you want to sell your house. Something like that, all I remember from my accounting class 😅😂

@cpar7201 10 ай бұрын

I’ve been watching your videos for a few years now. I remember you buying over 300 copies of the ps4 game Don’t Starve. Did you ever sell all those copies? Or should that have been part of this video?? Just wanted an update.

@renixpesale 10 ай бұрын

Great idea, I’ll have to take about that later!

@renixpesale 10 ай бұрын

It was not a good buy

@Kevin87A 10 ай бұрын

Early on I bought 6 PS4s from someone. Met up with them paid them $500 for all of them. Got home and none of them worked

@Pikmin3388 10 ай бұрын

L You should’ve known buying bulk consoles they would be broken

@renixpesale 10 ай бұрын

Haha been there. Plenty of honest bulk sellers out there but definitely lesson learned

@smerk429 10 ай бұрын

Always test them first in person

@WoodenLegStudios 10 ай бұрын

Seriously well said man!

@Pugh620 10 ай бұрын

When Im evaluating an opportunity the first thing I ask myself is how many people have said no before it got to me.

@stephens9772 10 ай бұрын

I did the same thing on a much smaller scale on comics, I bought 3 boxes for $75 and I was like, man even if this averages out to like $1 a comic I'll be ahead, I sold $20 worth and still have them lol

@laurigardner6227 10 ай бұрын

Oh something to add! That which you don't sell, still takes up space, which is lost money.

@KELOC1 10 ай бұрын

Thanks for sharing the horror stories of re selling. Most people don’t touch on this. It happens and there’s a lot of stuff that’s not worth the money or time.

@PhillipCummingsUSA 10 ай бұрын

He basically wanted retail price even though he promised "to make it worth your while."

@queuebit 10 ай бұрын

01:55 - Lesson 1: Clarify your price or percentage FIRST 06:38 - Lesson 2: The sunk-cost fallacy will sink you 08:53 - Lesson 3: Risk should scale with experience

@DoubleTGameHustle 10 ай бұрын

As a new reseller, thanks for this video! Much appreciated, I'll take any lessons I can get

@duke_8747 10 ай бұрын

Yeah I used to collect and sell comics and now I only sell video games. Comics are awful trying to sell. They sit for so long and unless they are very popular key issues they simply won’t sell. My rule of thumb is that unless it’s part of a big Spider-Man run or it’s a key issue and you are getting it below like 40% market then it’s simply not worth it.

@joshnewman6667 10 ай бұрын

Thanks for theses videos, there educational and fun to watch.

@mikes062 10 ай бұрын

When life gives you lemonade make lemons, life will be all like what??!!

@brandyberry14 10 ай бұрын

When u mention overhead, you mention shipping costs. Why dont you make the buyer pay shipping?

@Kikibrat2 10 ай бұрын

Ooo I love perfumes. Unfortunately, I like the good shit.

@618thrift 10 ай бұрын

Expired makeup does super well on eBay though!

@Ernesto2004 10 ай бұрын

I Love You Video And Setup Phoenix ❤

@GibbsBro 10 ай бұрын

Spanky 😂😂 "A LITTLE!!"

@Luciano35502 10 ай бұрын

I made almost the same exact mistakes and I started in 2008 when you could sell literally almost anything on Amazon before the bs gating stuff started. Plus with Amazon you got to walk a very tight line. My dad got kicked off and they kept his final payout.

@sososk8er 10 ай бұрын

this really helped thank you!

@Afk10283 10 ай бұрын

I can’t thank you enough for bringing me into the resell business. I started reselling shortly after binge watching your videos in early 2023. Since then I’ve learned many lessons in negotiating and business as a 15 year old but most importantly I’ve made really good profit.

@laurigardner6227 10 ай бұрын

These three rules are incredibly useful also for video game collecting. The sunk cost fallacy is something I have stumbled over by buying video games that I spent far too much on, because I "wanted it". Case and point a local seller was selling a copy of Ruiner for 60.00 EUR. They were still in negotiation with another buyer who wanted to do the deal outside of the normal channels. I decided I wouldn't wait, so I went on eBay and bought a copy of Ruiner for 60.00 USD + 20 shipping + 20 for taxes. So I spent about 100.00 USD for a 60 dollar game. Meanwhile the local seller's buyer deal fell through and asked if I still wanted Ruiner at 55.00 EUR. So in my case: A fool and their money are quick to part ways.

@WickidMisfit 10 ай бұрын

How did you pay $20 in taxes on a $60 dollar item? Isn’t it more like $9.

@laurigardner6227 10 ай бұрын

@@WickidMisfit Importing into the EU can cost up to 50% of the cost of the item. eBay calculates the taxes as part of the final purchase so I can skip the delay with customs upon entry into my country. It's why I ask friends coming from the U.S. to hand deliver me things from the U.S.

@WickidMisfit 10 ай бұрын

@@laurigardner6227 Thanks for the reply

@Katwoman4318 10 ай бұрын

Lesson learned Caleb. Won’t happen again. Very interesting when a person starts pushing something else on you. Geez, comics is a whole other ballgame. Yes, the shipping & handling doesn’t help with the cost. Yea, your time is worth a lot as well. OK Like I said before Lesson Learned.

@tylerjohn2098 10 ай бұрын

Feet photos when Caleb

@Wakaweakweak7474 10 ай бұрын

Sometimes we get by our emotions instead of thinking whats the best deal we could get

@devskee2432 9 ай бұрын

funny take away: perfume guy was just stealing makup and cologne from walgreens and didnt have the mental fortitude to list online lol

@xLoki_ 10 ай бұрын

How do you handle scammers on Facebook? Do you only do in-person pick ups? Or do you get things shipped to you?

@Alma-B 8 ай бұрын

perfumes wtf 🤣🤣 maybe the lesson is not to buy anything u dont know anything about 🤔🤔

@Rossbrian1 10 ай бұрын

Seems like common sense

@markmurray5214 10 ай бұрын

First mistake, BUYING PERFUME!!! 😂😂😂😂

@markmurray5214 10 ай бұрын

Is Spanky legit your slave? I'm starting to get worried

@hw5091 10 ай бұрын

This is very good advice. Wasting money and ESPECIALLY A LOT OF TIME on something that is either a break even affair, or at best a low profit endeavor is wreckage to your business and motivation. Especially the time, because you can't get that back.

@Dazercade 10 ай бұрын

Great video love this kind of content

@alextushie-lessard650 10 ай бұрын

Informative as usual. Thank You :)

@mjdf122 10 ай бұрын

Another day another game

@donovanbradford8231 10 ай бұрын

Rough but honest and at a certain point we will all have deals like that where we think it's a great deal and after it's all said and done you realize the market shifted, or you should have done a bit more research, etc. The important part is to grow from the experience and not let it get you down.

@Jameson11ink 10 ай бұрын

Knowing when NOT to buy is such a rough skill to learn

@njdevilaje3879 10 ай бұрын

Good video Caleb.

@Frostoasis24 10 ай бұрын

My favorite channel on youtube!

@mtgamateurnight 10 ай бұрын

Comics is usually not a turn around sell. I have been comic collecting for about two decades and I don't plan to sell until i'm in my golden years at least. Longer you hold usually the money money you can get for them.

@laurigardner6227 10 ай бұрын

There’s a good example of Curiosity Inc. That bought a large storage unit worth of mint golden age comics for 55k CAD. They resold them via heritage auctions. Most of it they didn’t make money on.

@trayverse 10 ай бұрын

Next time if you have extra comics and you want to donate, the children's hospital is a great place to donate them. Just a thought.😊

@thomasstoller6966 10 ай бұрын

Great content and transparency here! I often struggle with going to a store/sale and having to get something even if the profit is small/not there. A lesson to learn for sure