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It has been a little over 2 months since I started flipping seriously.
Here are my stats;
- Total Sales - $27,828.37
- Profited - $10,044.47
- Sold 374 items
The Top 10 things I have learned in my 2 months;
// THREAD //
Here are my stats;
- Total Sales - $27,828.37
- Profited - $10,044.47
- Sold 374 items
The Top 10 things I have learned in my 2 months;
// THREAD //
1. List EVERYTHING
When you source or purchase an item, make sure it is listed on every possible site. Some items sell better on certain sites so ensure you are maximizing your potential profit by checking sold items on every site.
When you source or purchase an item, make sure it is listed on every possible site. Some items sell better on certain sites so ensure you are maximizing your potential profit by checking sold items on every site.
2. Promote your listings
Every site these days has the ability to promote your listing. Factor this into your final sale price and promote your listing. You want to show up on the first page of a search.
Every site these days has the ability to promote your listing. Factor this into your final sale price and promote your listing. You want to show up on the first page of a search.
3. Cash Flow
As the old saying says, cash flow is king. Ensure that you get your cash flow in check and understand what inventory you have. Paying off your card is ESSENTIAL.
As the old saying says, cash flow is king. Ensure that you get your cash flow in check and understand what inventory you have. Paying off your card is ESSENTIAL.
4. Enforce your strategy
Certain items are buy and hold, others items are a quick flip. Deploy your strategy and stick to it. There is an opportunity to do both but make sure you know what you are getting into.
Certain items are buy and hold, others items are a quick flip. Deploy your strategy and stick to it. There is an opportunity to do both but make sure you know what you are getting into.
5. Utilize other peoples money
If you have credit cards, make sure you are utilizing them properly. So many opportunities to spend and many opportunities for rewards. A great example of this is a cash back card.
If you have credit cards, make sure you are utilizing them properly. So many opportunities to spend and many opportunities for rewards. A great example of this is a cash back card.
6. Ship FAST
Your orders should go out the next day, if not same day (if you can). Show your customers your commitment to them and make sure they get their package safe and sound. You could get return customers.
Your orders should go out the next day, if not same day (if you can). Show your customers your commitment to them and make sure they get their package safe and sound. You could get return customers.
7. Treat your accounts like your business
For instance, your eBay account is your business. Make it look professional, build up your feedback, and adjust your prices accordingly. This is your image and business; treat it as such.
For instance, your eBay account is your business. Make it look professional, build up your feedback, and adjust your prices accordingly. This is your image and business; treat it as such.
8. Be ACTIVE
The algorithms love people who actively manage their accounts. This makes sense! Why? These people are the best user for these sites to have. They make them the most money. Actively manage your account as much as you can.
The algorithms love people who actively manage their accounts. This makes sense! Why? These people are the best user for these sites to have. They make them the most money. Actively manage your account as much as you can.
9. You get what you give
Your success is determined by the amount of effort that you put in. Someone who is our sourcing and actively managing their listings will more than likely do better than someone who is not.
Your success is determined by the amount of effort that you put in. Someone who is our sourcing and actively managing their listings will more than likely do better than someone who is not.
YOU have to make the effort and outwork everyone around you.
10. Have fun
Joining groups is a great way to do this. Having other people who think exactly like you is really crucial as they have already been through all of your problems.
Joining groups is a great way to do this. Having other people who think exactly like you is really crucial as they have already been through all of your problems.
People are more than willing to help and everyone likes to see each other succeed. Enjoy the journey!
I am part of @coachjoehart Products for Profit.
This is the group I have chosen as my main stay
and I have learned far more than I ever could
have imagined in 2 months. I have made friends and connections that will last a
life time.
This is the group I have chosen as my main stay
and I have learned far more than I ever could
have imagined in 2 months. I have made friends and connections that will last a
life time.
If you are interested in joining the group, you can sign up below.
The experience has truly been life changing and I cannot wait for years to come.
(aff) https://gumroad.com/a/887288947
The experience has truly been life changing and I cannot wait for years to come.
(aff) https://gumroad.com/a/887288947
If you found this thread helpful, I kindly ask you to retweet
the first tweet.
I hope I was able to teach you something and please let me
know how I can help. https://twitter.com/MindOfRusso/status/1318263815545491458
the first tweet.
I hope I was able to teach you something and please let me
know how I can help. https://twitter.com/MindOfRusso/status/1318263815545491458
