In Episode 79 of 'Pocket Change,' the hosts welcome a special guest, Beard King Picker, also known as Alex. The discussion delves into Alex's backstory in reselling, from starting with his toy collection to moving into full-time online arbitrage with Amazon and now niching down to books on eBay and Amazon. They explore the benefits and challenges of niching down, the process of hiring virtual assistants, and valuable tips on sourcing and listing items. The episode also highlights the importance of maintaining a balance between work and personal life, managing taxation and health insurance for full-time resellers, and the impact of customer service on building a loyal follower base.
00:00 Welcome to Pocket Change Episode 79
00:08 Meet the Beard King Picker
00:54 Alex's Reselling Journey
03:03 Transitioning to Niching Down
04:16 Listing Strategies and Challenges
06:03 Balancing Reselling and Personal Life
07:11 Financial Management and Taxation
08:47 Sourcing and Selling Books
19:58 Weekly Sales and Highlights
29:52 Setting Minimums for Full-Time Reselling
30:32 The Dollar Deals Dilemma
32:16 Favorite Buyer of the Week
33:58 Shipping Challenges and Customer Communication
42:49 Listing Strategies and eBay Algorithms
45:16 Graded VHS Tapes and Their Value
51:12 Final Thoughts and Social Media Strategies