Pickers Podcast

How big can your eBay business grow: From Side Hustle to Profit Powerhouse

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Scaling Up Your eBay Business: From Side Hustle to Profit Powerhouse

Podcast Notes:

Intro:

  • Mike and Jen, hosts of the popular reselling podcast Pickers Podcast, discuss the potential for growth in eBay stores.
  • Jen, a newer seller, shares her year-long experience.

    • Scaling Up Your Reselling Business:

    • Maximize Profit: Focus on items with high margins, even with the same inventory level.
  • Set Goals & Understand Values: Clearly define your "why" to guide your "how" and "when."
  • Profit Margins: Average is $10-$30, consider sourcing, listing, shipping, and time commitment.
  • Lay the Foundation: Ensure financial stability with a budget, emergency fund, and home life balance.
  • Hiring Employees: Treat your business like a retail store with overhead and freedom.
  • Baby Steps to Freedom: Trade full-time security for part-time joy & financial independence.
  • Grow Responsibly: Analyze finances carefully before taking major leap.

    • Tupperware Case Study:

    • Cost: $1900, Sold: 240 listings, Net Profit: $2,125.59, Average Profit: $16.78.
  • Valuable lesson in identifying profitable niches.

    • Trivia:

    • Average Inventory: Casual sellers < 20, Part-time 50-500, Full-time thousands/tens of thousands.

    Outro:

    • Find your treasures and remember, "it's not reselling if you don't know how big your store can get!"

     

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    Please check out our website pickerspodcast.com

    Email: [email protected] Some of the topics covered -Shipping strategies -Reselling -Auctions -Garage Sales -Estate Sales -Ebay

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    Pickers PodcastBy Mike & Jen
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