Why Most eBay Resellers Don’t Make $100/Day Profit

For supplies, a free trial on 1:1 mentorship and inventory to sell, check out www.dailyrefin....

[@brandanboehland4757]

I just started and I think 1 month in is okay, but between taxes,shipping, sourcing, and ebay fees. It's unbelievable how much comes out of your profits

[@edwina24313]

I sold 47 items in past year 5 were returns and I paid eBay for fees labels $1800

[@happyandjoyful7916]

Absolutely a series reselling with personal debt. It would help folks who had to rebuild their lives after becoming so ill during the Pandemic and having to go into 1,000’s worth of debt with the combination of illnesses and being forced to shut down a business. I’m one of them now digging out of a hole. I’m determined! Thank you!😊

[@mesopotamialover905]

I like you because you are simple and humble and your way of talking is easy to grasp.

[@mellowmoods8393]

I started selling on eBay in '99 and it has been my "full time job" since 2003. I have used "eBay Seller" on home loan applications, which elicited more interest and respect than derision. Most people think it's pretty cool that you can pull off a living while selling crap on eBay. And like you said, most people don't really understand what a business on eBay entails, they just think that a person making a full time living off of selling stuff is a good way to make a living.

[@carltonthepug]

I transitioned from clothing to collectibles which dramatically increased my profits big time. I still sell clothing as fillers but they are all high end sought after apparel. Collectible Knick knacks are cheap to ship (unless they are heavier items)and this particular area will never die out in which clothing tends to fluctuate. Plus it’s so time consuming to list clothing.

[@rebeccah.6403]

But do knick knacks take longer to sell? And if not then do you have to have a really big inventory?

[@rebeccasmith7439]

Where do you find the knick knacks?

[@lordbarberwigg]

@@rebeccasmith7439 In the patty-whacks when you give the dog a bone

[@Kayaoffshore]

Ain't that the truth

[@masturcheef105]

I'm just now crossing the barrier of 100/day profit, super excited about it. If I stay focused and don't get comfortable I think I can solidify and double it in the next four weeks. I'd also be pretty stoked to get 100 feedback at 100% here soon. Thanks for the gems, Chris. Wish me luck! Big goals only.

[@lorishortness3750]

Congrats Ryan! How many items do you have in your store?

[@masturcheef105]

@@lorishortness3750 Thanks! I'm at about 600 with avg sell thru at 1.7%. It's been slow growth since then but growth no less and I'm almost at 200 feedback all positive.

[@Joe_-_-_]

Nice! Where are you upto now?

[@masturcheef105]

@@Joe_-_-_I broke 200 feedback without error until someone got a mistake and wrote my first bad review claiming I'd ripped them off and blocked them (without requesting a refund) then ignored me when I reached out. It was so bizarre I didn't even request a revision. 122 Followers with 1.2k sold. 12k 90 day average. A back injury has me 6-12 months behind in my opinion but regardless I have my processes, niche, following, and connections. Sourcing this year is going to be a lot different it seems like.

[@remigiuszlenski2257]

@@masturcheef105 I had the same situation. Someone left this kind of a feedback for me. I reached to him and he changed it to neutral but still wrote some bad things. I sold him untested sold as seen keyboard earlier but he requested return saying it’s not working lol. He sells similar stuff to me so it might be just to get rid of the competition. Some people are just something different. All the best for you and good luck.

[@joekavanagh8997]

This guy I would trust .Some people who make videos about making money online are charlatans.I just subscribed to this guy and will give him a good listen. I had a small book stand near Times SQ ,NYC for 30 years and met ALL kinds of people .Made a living but I'm getting older now and would like to sell online.Sold a few books online already just to get a bit of practice in and did ok but I believe e bay is saturated with generic books.Or generic ANYTHING , probably. As I said ,I'll give this guy a listen.He comes across as genuine .And I know genuine ,from BS ,I spent over 30 years dealing with both!!

[@impishmisfits6960]

Yeeessssssss Please start a series on reselling with personal debt! I think the amount of people that you can help with such a series would be through the roof! ESPECIALLY because people are literally going into debt RIGHT NOW because of inflation! WOW That would be an excellent series YES YES YES!!

[@gripnrip5633]

Agreed

[@emusaurus]

They're not going into debt because of inflation, they're going into debt because they have poor money management skills. Inflation is just accelerating it.

[@brush412]

@@emusaurus disagree partially. People are going into debt because of inflation. Their income is not increasing and the cost of living is going up. So they are at a deficit and rely on credit cards to get them by. Agree to the extent that Most of them were already in debt due to poor money management.

[@muneebbaig5986]

If anyone of you feel any difficulty in managing eBay account, I'll help you out in it! i've Been sellin from past 5 years and i have a ood experience. its a pleasure for me to guide and help!

[@christianjon8064]

Sounds like a recipe for disaster. Buying inventory on debt for noobs will have them digging a hole they won’t be able to get out of.

[@laceylh]

I've just started in the last 30 days reselling and I admit to all the beginner mistakes you have mentioned. Thank you for taking the time to put out this informative video.

[@TheMouthyFox]

I've been out of the game for a couple of years, even my podcast was on hold. My eBay is slowly moving (emphasis on slowly), but I'm following your advice on posting 1-5 per day, not spending any personal money until I sell what I already have, which I plan to share on other platforms. Thank you for the motivation & inspiration!

[@jeannieakana808]

Chris!! I am so grateful for you!! 🙏🙏🙏 My life have moved in a positive direction DAILY with your help and knowledge. I am grateful for you!!

[@tonymiami5480]

51:38 I can’t tell if you’re joking or not 😂😂😂😂😂but I do exactly this. For example, I’d have an item up for $50, I’ll receive a $10 offer; I smile and in my head I say “I feel honored to be low balled” and I counter offer with $49

[@therealjenniferrr]

Yes to working on Q4 now! I only do RA (new items, which is what most people want for Christmas) and I'm bolstering my active listings as much as possible right now in preparation. It also has really helped my sales currently since there is so much new stock coming in. Last Q4 I sold so much I was down in active listings for months before I recovered back to preQ4 active listings number, so mindset is get as much listed between now and then so my profit for Q4 this year will be crazy.

[@ronaldhurst6204]

I'm going through the changes now I lost weight eating better I just started working out and broke some habits that were eating my time. I've more than doubled my weekly listings and I'm picking up the daily habit of listing 5 a day besides my already habit of posting on weekends I also changed work shift to help. I'm checking fall through rates more on items to make sure I picked items that sell and finding new categories suppliers. I like items that are multi-lot, hot items and ones with a good chunk gain per item. I also lot up older items to move on and keep it fresh more. And so far so good my sales are not great vs number of items however newer ones are having better results and I recognize many of my past mistakes and im getting more focused and getting quicker at listing and seven finding good items. I used a rack system now switching and adding box cube storage. I actually built inventory over a year plus when my job got intrusive after covid eating up my time I should have quit. Now that I have more time I will switch to part time or just selling again if need be. I still don't see how you can list so much so fast but I've more than doubled my speed and it's still getting easier. Great stuff thanks.

[@Jennifurdawn]

I've listened to three of your videos today - thank you. Maybe I decided to actually follow you because of your hat. Best beer!

[@markmckeever7483]

Thank You for all your great knowledge , and I love your channel!

[@Universallyh8d]

Great breakdown I love your stream

[@CherylAnnRose]

When I worked for companies I sought out the most successful. It makes sense to surround yourself with successful people.

[@lunazamoracreative]

If ideal inventory is to post 30 a day in order to get traffic, then how on earth does a small seller sell 30 items if they only have 3 to 500 items in their store. I’m not buying anymore until I can figure this out. Or is this something I would learn on your Patreon?

[@andrewskrypnyk1338]

Thank you for this insight. This is gold to me!🙏

[@michelemavias6305]

I love your honesty and work ethics!

[@EZchairchillen]

I loved when Chris ripped into that guy about the jeans lol. "That's an extremely lazy question" 😂 so true

[@KellyAnotherAdventure]

There’s also the assumption that no one will buy the other sizes. Someone will, it just might not be as quickly.

[@gearsNtools]

Tough love but homes Even retail stores sell a wide range of products which Chang from month to month. Volume game build your systems

[@kristirose2289]

So much great info! Thanks so much!

[@claudiavalencia7001]

Thank you for sharing this . I have a really decent job and have a lot of extra time in my hands ! I just started EBay and I find it so fun so far !! From searching for stuff to sell to taking photographs and listing ! I would love to make extra money but I don’t expect much in return .

[@cherylbranche3890]

The learning is a part of the business.

[@ptc2307]

I recently graduated the eBay protrader programme & later became a focused seller, the category manager at eBay HQ told me that relisting (via sell similar) is important on stagnant listings. - eBay categorise stagnant listings as over 3 months old with no sales history! Worth noting as this changed my perspective on the whole delist relist thing which I assumed was pointless for a long time.

[@1fashionbliss]

What should you choose as the reason? Thanks

[@robinbirdj743]

@@1fashionbliss item no longer available? ( at that time - for 10 seconds! Or at that price- lower it 10 cents).

[@breezeflips]

Love the Russian River Brewing hat! I have the same one and wear it religiously.

[@ShopontheBlvd]

You tell it like it is. No punches held back. Excellent Channel. Thank you

[@JOHN-ht6zc]

I JUST SUBSCRIBED TODAY I LOVE YOUR VIDEOS

[@rachelgiesa9906]

I usually sell most things fast within a week to a month. If it takes to long I put the stuff in my space in antique mall

[@jeannieakana808]

Thank you so much Chris!! 🙏🙏 Such great information!!

[@jaime1650]

I’d like to hear more about how you track your COGS in one monthly average rather than breaking it down item by item. Do you have a video about it you can point me to?

[@kellystorm6760]

Wow, thank you for the help , ❤❤❤❤❤❤❤

[@Kane6676]

Totally wrong on end and sell similar. Whenever my store gets slow , I will mass end and sell similar and it re ignites sales immediately. It takes less than a minute to end and sell similar hundreds of items at once

[@SongsbyCharleneApril]

Great advice! The average/casual reseller is losing money. Every time you buy something to resell you are gambling that it will sell for more than you paid for it. Good luck!

[@ttowntrekker5174]

The Linda Model...A fast nickel is better than a slow dime. I agree!

[@dianevanderlinden3480]

oh yeah those INI's . No matter what you pursue they'll follow you, if you don't, like you said, have systems in place to block them out.

[@susanwebb8247]

Please let me know when to auction or when to buy now. I have started to sell ladies clothing and some childrens. Usually high street brands Zara gap etc. never know what to list on what platform. Thankyou

[@ChristineHylton-Palmer-xn2xd]

I have no problem letting my listing go. I am just not getting any sales.

[@daleneb24]

A newbie here. What is the best way to get organized to get started? Not sure yet how all this is going to work but have listed 16 items to start with and adding more daily. . Looking forward to my first sale!

[@visionsmagazineonlin]

Any tax advantage of donating it.?

[@barbscott4560]

I started an eBay page and have been limited to $700 a month with only 20 posted items. I want to know how to get out of it?

[@RobinGoesCamping]

As a disabled senior citizen, eBay seems to be the best way for me bring in additional income. My issue is lung disease so a9to 5 doesn’t work for me. Any advise for me and a small store?

[@jjdjj5392]

Same here. I have health problems. Cant work 9 to 5 job anymore.

[@patland1762]

I am a disabled senior also. If you are on disability be careful not to earn too much or you can lose your disability. I am only able to sell one to two days a month due to this. Sell employed limits are much less than if employed while disabled.

[@corpsefenn]

Only thing stopping me from making more money is eBay only letting me have 5k listing lol. $300+ a day atm only issue I have is I'm in a town of 2k. So KZbinrs can't help me on sourcing items.

[@Joe_-_-_]

300 a day wow, if you dont mind me asking, what category of items do you sell?

[@warrenvanbuskirk1337]

What is your opinion on free shipping vs calculated shipping? I struggle all the time with this.

[@patland1762]

Due to being disabled and disability income limits on self emplolyed being a lot less than allowed for working part time as an employee I can only open my eBay store for sales one to two days a month. Oddly, even with that I manage $100 a day profit during that short period more or less. Kind of stinks because I need to sell almost all my personal belongings due to having had to sell my house waiting 27 months to get disability and I can't do so without fear of losing my disability income if the government refuses to recognize personal property sales as such.

[@tylerandbellastoys6868]

“Give the man a fish and you feed him for the day, teach him how to fish and you feed him for a lifetime” 13:59

[@jarrodforet3557]

Ok how about starting a eBay store

[@natashawarner292]

OMG I got so called out with "i have to walk to the post office because I might get in a car accident" bahaha To be fair, I almost DID get into one last week and I also almost got assulted at the same scene and it was VERY traumatic. I so just LOL'd when chris said that though.... time to buck up I guess.... Ive processed it a bit and Ill just have to get back on the horse!!! :P

[@remigiuszlenski2257]

I found your channel few days ago and I would like to thank you for all your work. What you give to us is priceless. I’ve already learned so much. I started reselling few months ago and I’m passionate about it. I have a question. I have 2 ebay accounts. One with 1k positive feedback I had for years. I have set up new ebay account. My plan was to slowly go to the other account but for now list on both. would you stick to one asap and stop immediately on the old one? I have more benefits on the old one. Thank you

[@dailyrefinement]

One account, use your oldest account.

[@remigiuszlenski2257]

@@dailyrefinement thank you for your reply.

[@remigiuszlenski2257]

@@dailyrefinement sorry I forgot to add, I don’t know if that will make a difference to your answer. The reason why I wanted to slowly move to new ebay account and do reselling there is that I always collected and was selling from time to time graded MJ cards and in the future I would like to focus on this so my thought was to leave the old account for this reason for the future in 5-10 years maybe. Does it make sense or still, using and focusing on the old account would bring me more sales etc, would ebay/algorithm help me more when using old account with hundreds of positive feedbacks? What’s your view in that from your experience? Thank you very much for your time.

[@MRsilverngold]

hi CHRIS,courier delivery costs have doubled here in australia,plus 12% ebay fees & ebay promoted listing fees that they suggest a ad rate of up to 10%-so makes it very hard to make a decent profit,i sell a item for $35 then are charged $20-$30 for courier costs & then ebay take there fees aswell,just not very fair,best wishes to you & family.

[@eddiegonzalez5070]

I spent 2 hours at a thrift once a week Then I spend 2 hours listing plus photos I make 100.00 a week

[@PC-ch1md]

Not bad

[@kayleighmarie1411]

I've JUST somehow found myself able to thank lowballers hahaha. Trying to keep your advice in mind to keep emotion out of the business, and those crappy offers can get a LOT of emotion out of me.

[@kalatitati8795]

Ebay has an option to accept offers and if you do you can set the amount...

[@kayleighmarie1411]

@@kalatitati8795 I know but I've learned it's easiest not to in case I realize I bought something that won't sell well, or if it doesn't sell before it's out of season and I'm good taking lower offers. I also sell on other platforms where it's not an option.

[@kalatitati8795]

@@kayleighmarie1411 I price my items like if i am going to buy them... before I buy the re-sell item I look it the sold items. If the last item was sold let say 100$.... I wouldn't buy the resell items for more than 25$..then i post the item for 120$, the lowballers are not going to offer me 40$ but if they do (* if i accept)i would make 15$.... also, I sell bikini all year long.

[@susanwebb8247]

What is ASP new resellers dont know these shortened terms

[@LifePlayDream]

This IS my side gig, I basically get my stuff for free or cheap.

[@theresamcgallicher]

What do you mean by "if they let me back on Ebay"?

[@jackiesicilian5720]

New here, why did he lose his ebay account?

[@tigerofhappiness]

Health Insurance Marketplace, actually the less money you make the cheaper the insurance is.

[@TSunshineful]

I don’t understand tax. I’m a beginner selling nothing yet but trying. I won’t make much this year. Do I charge customer tax and pay on my eBay income?

[@sparklesuniqueboutiqueshop6803]

Do you share to social media? Is that necessary?

[@Jennthegreen]

Workers compensation is important. Your employees could get hurt and you will get sued if you don't protect yourself.

[@justjulie45T]

Where is the custom sku field in eBay app?

[@VillageDisplayStudio]

I'm seasonal and I prepare all year

[@Dmarkd16]

For me it’s the sourcing issues.

[@nuamino]

"Long time business with long time people" - Christopher Lin

[@ravenomega2443]

Chris should I leave feedback for all my buyers who leave me feedback?

[@muneebbaig5986]

It Creates a positive impact on your Buyer! you should leave a feedback, it really helps to form a good relation with em!!!

[@kalatitati8795]

ONLY once I received a feedback then they get a feedback. I have learned my lesson.

[@muneebbaig5986]

@@kalatitati8795 best

[@hatteraslabuf]

i watched the whole video and i hoped to learn why ebay took you off.

[@treasureswithapurpose9212]

Sell clothes is the way to go Because otherwise you going to get screwed I started a ebay 2 months ago and I never mad a sale and i had to pay money to list stuff every offer i get is a scam after I Except the offer they sent me a letter with their phone number telling me to call them i sell vintage Antiques and it's not working at all

[@nicoleadiaz1]

That’s because you are pushing the option that makes you pay. Selling other things other then clothes is not a scam and you sell more

[@RIFICA777]

Will the vintage shirt boxes still be on your website? I plan to buy it in the next 2 weeks

[@Dxlly_raven]

Love this content! Can someone in the community help me out? When I check Tech's ebay store 'sold listings' I'm not seeing that many sold per day, I'm thinking this can't be accurate, please help me understand why. Thanks!

[@muneebbaig5986]

Make sure to uncheck "completed listings"

[@BenVanCamp]

Pretty sure he hides them

[@DFullerLisa]

I'm a brand new reseller with lol like 5 items sold. Is your membership for me?

[@dailyrefinement]

For anyone serious at any level

[@brandonp5019]

You can create a charity to source inventory? Now that’s low…

[@gerianneforbes5734]

This may be a really dumb question, but does "free returns" mean that I would pay the shipping cost for the customer to return the item?

[@jenlopez6098]

Yes

[@raymondmoralez1113]

Yes

[@muneebbaig5986]

Yeah!

[@rachelwebber2120]

Anyone know if I'd also have to refund the original postage?

[@ChicagoontheGO]

Buyer requested return cause bag is too small EVEN w/3 pics clearly showing width, height and depth. So yes, I have to refund purchase $ + ship to buyer and provide $ label for ship back, right? I will prolly refund and say keep item cause it makes me so mad to open return, relist, etc.

[@richlacey5356]

Hello chris.why did ebay kick you off from selling.

[@shadowspond3488]

I love your videos. so thankful that you are willing to share your knowledge. Ive learned so much. I was wondering if you are quarantining your clothes for a period of time? Im near LA and im a bit concerned about the current pox being on clothes and bringing it home. I put them in a bag and put them in the trunk. Are you doing anything different?

[@maukous4033]

Dependes how much times you use. I am making $100 a day using just 2/3 hours a day. It was originally a hobbie and now is a side business. I work part time too. I do have plenty of time for myself. Making $100 a day using all day is not so great unless you strugle to get a job.

[@jakemcgough5121]

I have sold £1,450 in my first month I work on a minimum double my money sales

[@StoicBarbarian]

Is that 100$ a day profit after taxes?

[@janeadams1627]

How to deal with eBay’s insane suspension system

[@Mrdealornodeal618]

Good video. Can someone please enlighten me on what ASP is?

[@rags2beachhouse937]

Average Sale Price

[@Mrdealornodeal618]

@@rags2beachhouse937 Thank you!

[@SsAa-pb3nx]

Great video, as always, but we want to see your helper in the video's, not just her voice.

[@StoicBarbarian]

How/Why did you get banned from Ebay?

[@jenninealesandrelli5070]

I don’t have a store yet.🙂

[@roscoebiscoe7376]

My Wife died from cancer. We did ebay for a year. I have basic knowledge but this is a side gig, stop gap. Anyway I appreciate the logical knowledge. I decided today to post shorts of ebay listing. I am desperate and sad Such is life

[@itz_yaboi_uglyugly8625]

How u holding up

[@emmgeeenness]

How can I participate in these live Q&A’s?

[@muneebbaig5986]

You can ask fellow eBay sellers! If you have any problem feel free to ask, I'll help you out in it!

[@rachelgiesa9906]

I wish I could shop for you but I am all the way in WA

[@herasmarket]

what part of seattle are you a picker? Looking for one

[@cashflowfamOC]

@41:12 lol that's funny I had a yardsale .25 cent & .50 cent sell out all my old invatory of random merchandise. Also thank you for @ 43:00 I had the health care question thank you it was very very helpful!

[@JacksonLloyd-o2h]

Awesome

[@julieanne413]

Donating blood 😂🤣😂🤣😂

[@seedtotable7478]

That’s right the law of attraction.

[@kristhomas6474]

I didn’t finish. You just explain it in the most melloncally grey way. That’s you. Most people sell items they are passionate about. Antiques, mid century collectibles. Antique tools. You might feel that way but unless you walk in another persons shoes…

[@timystyles5980]

I need help getting over the hump but I don't think I can afford the $35 a month. I currently have 380 items for sale but NOT making $100 profit per day. What should I do?

[@Simplycredit]

🔥🔥🔥

[@thedailyowlthepotters5299]

if you're a college student, $100 a day is life-changing.

[@JoshuaAndrews16]

I just tested delist relist as I was watching this video and sold 3 out of 10. Is that a good return on time?

[@justinbushaw]

I disagree about ending and selling similar. Of course you still need to list fresh items daily but you also should be ending and selling similar daily as well. If you let your items chill for 30 days and then automatically get renewed you are ngmi imo.

[@rachelwebber2120]

Hi Chris and comment people - do you price where you want to sell or do you price up to leave room for sales, coupons and lowball offers? Thinking of pricing at the lowest lowball Id accept to make $10 profit on each item but I feel the lowballs will hit a new low where I can't maintain the profit margins

[@BenVanCamp]

I just price at top of the market for sold, then markdown and accept offers. Sometimes its worth it to make a quick 5$ rather than wait 2 months for 10 as well. Over time the it is more profitable.

[@khristinebognot]

Omg! I am a couponer and I’m a reseller lol 😅

[@ericsade5961]

Any suggestions to get started in couponing? I see people locally selling household goods and their garages look like mini stores. I figured they were extreme couponers or something

[@kalatitati8795]

I do nothing but auctions! 🤑🤑🤑🤑🤑

[@mariejaymerch3037]

Donating blood!! 😂