Read on Twitter
"Just check the comps"
As a reseller, you'll hear that all the time
What does it mean?
It's the single most important skill you can have as a flipper
- Reduce your amount of bad buys
- Scale your business quicker
- Make more $
How to Research a Flip : A Thread
As a reseller, you'll hear that all the time
What does it mean?
It's the single most important skill you can have as a flipper
- Reduce your amount of bad buys
- Scale your business quicker
- Make more $
How to Research a Flip : A Thread
1. The Basics
There are two main things you should focus on when checking comps
- Sale price
- How often the item has sold in the last 90 days
These two pieces of data will tell you how likely it is for you to sell that item too
Let's go through an example
There are two main things you should focus on when checking comps
- Sale price
- How often the item has sold in the last 90 days
These two pieces of data will tell you how likely it is for you to sell that item too
Let's go through an example
2. Item Research
Let's say you just bought @CoachJoeHart PFP and are in your first store
You find a pack of
sports cards
1. Open the eBay app
2. Look for the camera icon in the top right
3. Scan the UPC in the box
(cont.)
Let's say you just bought @CoachJoeHart PFP and are in your first store
You find a pack of
sports cards1. Open the eBay app
2. Look for the camera icon in the top right
3. Scan the UPC in the box
(cont.)
Research cont.
4. In the results, filter by "Sold Items" in the top right
5. Look for # of results, as well as average sale price
You can plug your #'s in at https://finalfeecalc.com/ and see how much you can profit
4. In the results, filter by "Sold Items" in the top right
5. Look for # of results, as well as average sale price
You can plug your #'s in at https://finalfeecalc.com/ and see how much you can profit
3. What Do I Buy?
Typically my rules of thumb for buying something is :
- Multiple sales/day/week
- Profit ROI of >30% (after shipping/fees)
ESPECIALLY if I can buy multiples, I'll buy 10 units or so to test
If they do well, rinse and repeat
Typically my rules of thumb for buying something is :
- Multiple sales/day/week
- Profit ROI of >30% (after shipping/fees)
ESPECIALLY if I can buy multiples, I'll buy 10 units or so to test
If they do well, rinse and repeat
4. Checking Used Items
The process is the same as it is for a new item
With one difference...
You'll need the model number/description instead
Just use the eBay search bar and input this combo
"Brand + Model Number"
I.E
"Wii RVL-001"
The process is the same as it is for a new item
With one difference...
You'll need the model number/description instead
Just use the eBay search bar and input this combo
"Brand + Model Number"
I.E
"Wii RVL-001"
That's most of it
Have a question for me?
Ask me below
If this thread helped you, a RT is greatly appreciated
In the words of @WestCoast_Goodz
LET'S GET THIS MONEY
Have a question for me?
Ask me below
If this thread helped you, a RT is greatly appreciated
In the words of @WestCoast_Goodz
LET'S GET THIS MONEY
