Just a few lessons I’ve learned so far during my try at reselling.
First and foremost, reselling online takes time, a LOT of time. Like a super duper lot of time! But then that stands to reason. If reselling were easy then of course, everyone would be doing it. Actually the fastest part of reselling for me could be sourcing aka finding the items to resell. I’m thinking the most time consuming aspect is listing your sourced items. Taking pictures, doing the research, and actually adding the item to eBay is much harder than I expected.
Bottomline: If you’re not willing to invest the time, don’t even bother trying to resell.
Know Your Niche
Just what are you going to resell? Whatever it is, be sure to know the subject matter. That knowledge makes it so much easier to know what items have a resale value. For me, it’s shoes. I love me my kicks, and I can easily spot shoes that shouldn’t be at Ross. But then again, I don’t know all the different kinds of shoes out there. For example, track and field shoes sell well online, but I know nothing about them, so I’ve stayed away.
My interest in reselling started with Supreme and its rabid fanbase. It seemed every item released by this popular streetwear company sold out in a matter of seconds. Every single item. Easy money maker right? Just get one item when released and sell it on eBay.
It don’t work that way. Not every Supreme item has the same demand, hence value. And not knowing the culture, I couldn’t predict the hot sellers. Sure, everything sells out, but not everything is easily resellable. I finally unloaded that Supreme logo-ed, camo wool cap but didn’t make anything from the sale. eBay is flooded with this cap, and I think the upcoming season will see that cap once again.
Bottomline: Stick with what you know. Or learn a niche (quickly). I think I’ll stick with shoes…