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Welcome back to another episode of the resellers mindset podcast

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My name is Mike also known as a used book guy on YouTube along with my friend and fellow full-time reseller

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Johnny B. We help people start and grow their reselling businesses from the ground up

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We also have a weekly zoom call and private discord for all youtube members head on over to youtube.com

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Backslash a used book guy to join the channel and gain access to the full-length podcast zoom call and private discord today

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Let's get into this week's episode. What is up everybody?

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Welcome to another episode reselling mindset podcast Mike here used book guy run YouTube alongside

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Johnny B

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Who lives in his eBay warehouse today's topic is a fun one and I?

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Kind of you know, I'm gonna pick on Johnny B a little bit because he works a lot harder than me

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So we're gonna cover basically how you can do less work and make more money in reselling

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I think this is you know, I don't think this business models really talked about it's kind of just hey

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You're just gonna have to grind and grind and grind all right like the low dollar stuff and I do think there is another way

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Where you can get you know your time back and continually make you know

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The money you were making when you were grinding or you know

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Maybe you don't have a lot of time to put into it

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So for me it's a little bit different here, right?

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I primarily sell on Amazon and it I mean I would assume here 99% of people that have sold on Amazon at eBay

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Are always gonna say Amazon is the easier platform to sell on you agree with that. I

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Think it has the most tools to enable you to sell stuff easier

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But as far as ease ability of the day-to-day know

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Okay, but no one is like once if I got a list of box of books and you got a list of box of books

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Like I'm gonna win every time. Yeah, you're gonna be done before me. Absolutely. I think the

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Maybe it's suddenly work, but I think you really don't need a no stuff to sell on Amazon. No, you know

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You can be dumb as nails right because the software kind of makes it like all you got to do is read the software

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Right and it tells you exactly what's up. Well to be fair. I only have one software to read Amazon

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You have like five that is true

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You there always you know when you scan it when you list it when you're repricing it

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Like you're just you can easily get caught up in the numbers and like analysis by paralysis

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I mean there there's what there there's Amazon itself. There's kipa. There's reprice it and then whatever

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Uploading software you're using as well. So there's four right there

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And there's probably a fifth one that I'm missing because it's been a minute

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I do think though like the easy way to do this is just increase your

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ASB, right? I mean that's the common sense way if you want to

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Make the same amount of money and do less work right instead of selling two items for $10

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What about if you just sell one item for $20 and like I don't know

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I don't I think people are scared to leave the junk behind right like that

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I think it's like you're like, oh my god, I got it for free

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I got a listed like no you don't have to do nothing with it besides throw it in the bin. I

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Mean there's two ways to make money in my opinion

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You list a metric ton like truckloads or you do what you're talking about, which is a higher ASP

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So you have quality versus quantity. That's all it comes down to can they make the same? Yes

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Can one make more than the other? Yes

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But that shift as far as then it comes down to the person which one makes more money, right?

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how many hours do they work doing what they're doing and

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What kind of operation they run here they a one-man show or they a team so there's some variables and nuances there

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I don't think you can do both though. Like what you just said like

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It kind of reflects, you know my everyday life of hey

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I go out and I cherry-pick items from thrift stores

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Well, I couldn't in addition to that have Gaylords being dropped off to me at the storage unit

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Like that's not gonna work. I think a lot of people wind up falling into that space where it's like, hey

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I want all the books in the world

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I want all the sneakers in the world when in reality if you would just go out and choose what you know is worth

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The money and sell that instead you would probably be better off

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I think it's one of those things where it's just like you don't realize the

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Crap show you're stepping into until you know, you have

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1000 pieces of inventory you have to find out, you know, what am I gonna do with this? It's not worth it

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Yeah, but you're also

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Hmm we're all about you guys have two important things to say so the volume guy

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He's gonna get the ASP items and the low-end items. The other guy is just gonna get the higher end items. However

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Time wise you got one going out cherry-picking

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How much time is he putting in on the drive time and the dealing with?

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Salespeople time and then you got the other guy who's just dealing with

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Unpacking trucks. Are they spending the same amount of time question mark now in theory if

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ASP guy could have that stuff come to him

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He's one he's I think he's way ahead of the gay lord or bringing it in bulk guy

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Honestly, if the ASP guy can figure out that one key thing. How does it come to me?

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When

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He wins it is like so we just flipped the script right? I go thrift in two full days a week

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Like so if I just had two full days to process gay lords of media

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I

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Would it's tough for me? I would probably say I still come out ahead thrifting and it'd be it would be I mean

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It's a lot less work. Yeah, it's more driving. But I mean

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Moving all that inventory just to find the ones that are worth it

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And I think a lot of that is you know, maybe for some reason if you have a magical warehouse that you have for free in your backyard

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Maybe that would make sense. But for any of us resellers out there, we don't have that space

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So we can't set up, you know a sorting table a forklift

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Convey the overheads extreme and that's just that's just you doing all that

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What if you brought in a person to help you the team aspect, right?

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Well now you got overhead as far as employee cost

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What if they get injured? Oh my gosh workman's comp. Ah

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I'm gonna i'll let you answer this one first because this is gonna be

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What what goes through everybody's mind when you tell them just to sell better quality stuff?

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Well, johnny, there's no better quality stuff in my area. What am I supposed to do?

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I'll let you go first and then i'll kind of go off the rails on it

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I mean

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expand your bubble

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Go outside where you're at

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If you're only driving an hour, maybe you have to do two go to two hour radius

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That doesn't work. Maybe three that doesn't work four. That doesn't work. Maybe start looking online or

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Start looking in areas where you wouldn't start like if you've never done a like church rummage sale

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Maybe you start going to those maybe you start looking at estate sales. Maybe you start looking at library sales

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Maybe you start looking okay

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I don't have a goodwill bins

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But what does goodwill bins do with it when they're done with it? Where does it go?

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Start thinking that it where's the end of the line for all this stuff?

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I mean you hear it in the clothing realm rag houses, right? Well, what's the rag house for books? Go find that?

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Yeah, I do think a lot of people just assume that like the surf store

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That's it right because that's all you see, you know

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Like you just see people at the surf stores finding things worth millions of dollars everywhere you look and it's honestly the like

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If you're just gonna rely on thrift stores

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Sooner or later, you're gonna be able to find things that are worth millions of dollars everywhere you look

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And if you're just gonna rely on thrift stores sooner or later, you're gonna get burned

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And your business is going to wind up suffering because you're at the will of the thrift stores at the end of the day

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So that is a good point to kind of bring up and I do think like

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You're doing listen

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Free sellers if you're listening to this stop working for free

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I don't care what platform you're selling on what you're selling just because you sold the hole puncher for five dollars

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So how much time is going to take you to list the hole puncher?

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How much time is going to take you to pack the hole puncher?

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How much time is going to take you if somebody has a question about the hole puncher?

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Is it automatic? Is it manual? Is it battery operated?

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Stop listing the garbage like it's I just need a shirt that says that and I'd wear it every single youtube video because

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People get obsessed with just wasting time and you're just spinning your wheels at that point

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You're just working for nothing and I just think to myself like

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I have a one-fifth of the inventory I carried last year in amazon. I'm doing one-fifth the work

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And i'm still making the same amount if not more money

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at this point in time

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Sure, I could send in 15 last year, you know 15 boxes a week this year

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Three to four boxes a week loaded with higher profitable stuff. Just that alone like I mean, come on

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You got to I say i'm playing a different game than everybody but it's the truth. I'm not chasing this junk

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You guys can sit out here, you know in your what sold videos and I sold a cd for three dollars

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I sold a book for four dollars. Oh like

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That it's not going to work. It's not you're not going to scale it to the point where johnny says

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Hey, you're going to need a warehouse. You're going to need employees. That's not you. It's just you as a single person, right?

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It's not going to work at the end of the day like would you?

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Would your business still be open if you sold all your books at four dollars plus shipping?

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No

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I would the light should be turned off and I would have an eviction notice

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I'm just saying so like get out of the mindset of selling this lower and oh

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I i'm not finding as much when i'm out thrifting. Well, duh because you're only taking the good stuff. So not only are you

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Spending less you're making more money

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You're listing less you're selling less and at the end of the day you're working less and you're making more money like

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Like hello, is anybody inside you watch i'm knocking on your screen right now. Stop selling the junk like get that out of your mindset

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Now here's a prime example. I fell victim to this earlier this year because like I do quality listings

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It'll sell from my price point and I started listing the junk I've accumulated from bulk buy

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I did about two and a half months of that. You know what it doesn't sell

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It wasn't old and vintage. They were still paperbacks mainly. So what am I doing now?

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I'm liquidating them for like four bucks on ebay right now. I sold four norah roberts last night for 14

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Dollars, do you know how much work went into those four norah roberts books that I thought I could sell for 12.99 a pop

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Too much is the answer to that. So it does not work. I'm telling you i've done it. It does not work. Don't do it

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Uh, you wouldn't list those same four books today for four dollars, right? Nope. They're sitting in front. No

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No, no way. I mean i'm clear and maybe a dollar fifty i'm getting more than

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I acquired them for but

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The time that went in my time my employee's time. No

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No, not worth it at all. I'm blowing up another lame duck excuse here

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Uh

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But I sold it for three dollars johnny and they paid shipping

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So i'm making three dollars at the end of the day. No, you're not your buy cost your time

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If we break listen, it should be required a new requirement in the reselling realm

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No matter where you are, right?

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Like deb's got me watching these futuristic virtual reality shows like where you can walk by and you can see people's like oh johnny's a four-star human

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Right it's over his head like it's it's in the in the in the universe somewhere

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If you're reselling and you're on youtube

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There should be a little thing over your head that says what your hourly rate

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Like how much you're making per hour in your reselling business and I guarantee you

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A lot of it is well under the 15 mark per hour and I would argue that a lot of it's under the ten dollar an hour mark

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Right. I mean I say it all the time in discord whenever somebody asks me should I do this or they ask in general and I go

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In an answer should I do this?

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She says well, how much is your time worth would you make more money sending in a box or doing an ebay listing or that?

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Whatever you're trying whatever that may be

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If the answer is I make more money listing johnny or make more money sending in a box. Well, you should probably do that instead

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I almost like if we think about it, right? I three x my

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My time and value when I compare amazon to ebay, right?

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I'll send a dvd and that's going to make me seven dollars on amazon

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On ebay it needs to make me you know, I need to sell for you know, at least twenty dollars

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So it's almost like a three x comparison because

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The time it takes to list on ebay the customer service the packing the actual item and shipping the actual item

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Which doesn't exist on amazon?

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That's why like it's a completely different game when you look at it, too

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And that's why I always say amazon's a lot less work because once you send it in that amazon

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The software takes care of everything versus once you listen on ebay

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It's sitting back behind johnny on the shelf waiting for it to sell

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He's got a full-blown inventory system that he developed over months and years of you know being in the business. So something sells

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He's got to go. All right

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E 32 bingo. He's got to go find that on one of the shells, right?

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And a lot of people don't even have the inventory system

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So it's like we we waste so much time and you just like I don't know

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I just get on a tangent with the higher asc

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Because people are so they don't want to do it. It's like i'm gonna find nothing and I think I think it's the opposite

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I think if you start looking for the better stuff all of a sudden it starts turning up. It's like it's the way the world works

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Yeah

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It's hard to switch your brain into this but if you could do it pretend your rents do and you're short

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Would you not do whatever you could you got three days left to go get the rest of the rent money somehow some way find a way

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If you could think in those two ways

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You can go do it. You got three days go find the extra 200 bucks. You need to cover the rent

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Yeah, I mean

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I get that but most people don't I mean we have to we have to realize the reselling niche is a lot of

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A lot of time wasting low value

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You know, it's basically like low value time that you're spending and a lot of people think they have a reach

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selling business and they get all these sales and at the end of the day, they're not making no money and it's just like

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We just get this it's like a rat race

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Like a lot of us get out of the rat race like I left cbs because I wanted to resell like I wouldn't

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Continue. I wouldn't resell if when I sold something on ebay. I made anything under ten dollars, you know, like why why?

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This is like 20 dollars

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Like nightmare fuel for me and people are just like well, I'm gonna list 50,000 items today

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And even though they're all going to be three dollars and 50 cents

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I got them for free and I'm gonna make I'm just like no

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This is not the way to run a business just because you can sit here all day and have a video of

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Packing my orders and I got 85 orders on ebay and they're all for five dollars. It's like

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You make no money

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Like at the end of the day the time and we're not even talking like the fancy packing materials we have right?

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You know, we're not talking about the customer service time size that kind of wraps up the asp

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But I do think there is another side to this is like

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Working less and making more money and it's the processes. We kind of just hit on it with like the inventory system, right? So it's like

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Imagine if johnny b didn't have his

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Categorized by the customer service time time

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It's like imagine if johnny b didn't have his categorized books in alphabetical and number order

209
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And you know, I came along and I just had them in bins, right?

210
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Because bins is the big thing in in the reselling world. You just have them in those clear bins

211
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If you're watching on youtube, he's got those standard Tupperware bins behind him instead of having them on shelves in some kind of sequential order

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like

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Right there alone is going to get back how much of your life like I would like I would love for you

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to just like have a day where you like it wouldn't work but

215
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Theoretically if all your stuff was in those type of bins and like an average day for you where you get like 50 orders

216
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And it's like all right

217
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I gotta go find the bins and then dig through the bin to find that how much time do you spend opening and shutting lids?

218
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Add that up. It's a lot

219
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it's crazy to think about because a lot of people don't like kind of look at it and I think it's like

220
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Even though it's pushed out there so much right? Like I listened to uh delia fryman

221
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You know christen tech and like their podcast is all about making your life easier

222
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And it actually makes your business make more money

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but it's like there's always like this pushback because people don't want to do it a way that makes sense because today

224
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They got to change what they're doing

225
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Is it because like we're scared of change and everything because i've been doing it this way for 10 years

226
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My bins have been working fine, even though there's a proven way

227
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That if you inventory your your inventory this way you're you're going to save, you know

228
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20 seconds per listing 20 seconds per order purchase and like you said you don't think about it like

229
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20 seconds who cares jb like 20 seconds is nothing but you start compounding that all of a sudden years of your life

230
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Yeah

231
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Like how much how many weeks can you save in those weeks could go out to be sourcing to bring back better inventory?

232
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You couldn't have done that because you spent 20 seconds

233
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Opening a lid every now and then and digging through

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Let's just say they were organized you still got to do one of these to find it

235
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And that and that's if you did if you didn't make a human error and accidentally put in a different bin now

236
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You're now you're doing one of these which ones it in we got to go find it

237
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No

238
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It's uh, it's tough because I was I recorded a video the other day and I was talking about it like

239
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I don't think resellers like treat their business like a business

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I think they treat it like like just like a joke or kind of a game or like

241
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Even the ones that try to act like oh, yeah, this is my business

242
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Like they don't do things that any business would do right? They just do everything like the hardest most

243
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You know ironical way to possibly do something just because you're just like well i'm a reseller. I can I can

244
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Do that all day long on ebay

245
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Yeah, I mean

246
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I've not listened before and i've paid a price for it when I didn't listen to

247
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People who knew better than me like I got a better idea. I'm a pretty smart guy. Let me try this first

248
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You know what? I just should have listened

249
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I'll uh, i'll throw a process out there that kind of really changed. Uh, got a lot of my time back is

250
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Scheduling things to be done on certain days, right? So I only ship out one day a week, right saturday

251
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So I can go thrift in every single day of the week and I know saturday

252
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Is the day everything is getting boxed

253
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And loaded to the car to go to ups on one day

254
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I think little things like that it adds up, right?

255
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You start losing time right because if every day I go thrift and I come home

256
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I peel the stickers and I make a box every day that is not

257
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More efficient than wait until the end of the week knowing. Okay, I got to peel stickers off all these and then they're all going out

258
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I think it's I think it's more of focus attack

259
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I think focus kind of plays into this where you're not

260
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Getting pulled a million different ways and reselling because there are a million different things, right? It's like

261
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Uh, you know people say do your customer service in the morning, right? It's like

262
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Uh, do you just sit and do customer service all day long or is it just kind of time framed out?

263
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So like say if you're or you know, it's one o'clock in the morning

264
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But you do customer service in the morning and a message comes through like

265
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Should you let it sit until the morning or should you answer right then?

266
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I would say you would probably let it sit because what happens is all of a sudden you're getting pulled a million different directions

267
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You know, it's like you have a set time for this and people be perfectly fine waiting a few more hours to get a response

268
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Because this is a time for your business where you address those concerns

269
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Now if it's something like hey, the sky is falling sure then you want to take care of it

270
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But that's usually not the case. It's usually something dumb like hey, what's the what's the size of this shirt? What's uh,

271
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What's the inside of the book look like? Um, I don't know. Give me some processes where

272
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You're going to do less and it's going to make you more money

273
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Even if you don't think about it in a monetary way think about it in like a time way because time is money at the end of the day

274
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Uniform packaging streamlining that like I used to play save all the boxes

275
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I don't know when i'm going to use them for what but i'll need them right? No, that was dumb

276
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I had a whole storage unit nothing but just boxes. I literally just throw boxes in there when I need a box

277
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I lift it open they all spill out and I find the one I need and go pack the item

278
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I stopped doing that though. I had to pay money for uniform packaging

279
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It was well worth it for all the time saved

280
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All the stress you've got to find the right size box. No

281
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another one is

282
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I mean this is going to sound stupid, but I found it more time effective

283
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For me to park my truck with it facing out so I could just drive away when I need to go to the post office

284
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Or any errand actually it saves a couple seconds

285
00:20:18,800 --> 00:20:21,920
But again, we're talking about compounding seconds because I used to park

286
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Back it out rear it out and then drive out but me just go in one of these let's say that's half the time

287
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I mean, it's it's little stupid things like that

288
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That's all that compounding seconds you save adds up with all the little micromanaging stuff like that

289
00:20:35,840 --> 00:20:38,160
I had a color coding inventory system

290
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Or let's say no, I had one of these the tub system and then I move to

291
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Bookshelf color coding datebase system to now a sequential number

292
00:20:47,680 --> 00:20:54,880
I mean that it's so much easier just to find it and then even on that we weren't taking photos of the thing

293
00:20:54,880 --> 00:20:58,400
I mentioned this in a previous podcast the the skew number

294
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Uh, we didn't account for human it well kind of did but we said it won't happen very often

295
00:21:03,200 --> 00:21:06,560
It happened a little too often. So now we're redoing that so

296
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Even if we have a human error, the photo will never lie to us. So

297
00:21:11,840 --> 00:21:13,280
Just got to keep tweaking it

298
00:21:13,280 --> 00:21:18,000
I do think another thing that I personally take advantage of is uh,

299
00:21:18,560 --> 00:21:21,840
Thrifting when it makes sense probably what are you talking about?

300
00:21:22,400 --> 00:21:26,320
If your thrift store is all for a discount, why aren't you thrifting on those days?

301
00:21:26,320 --> 00:21:30,320
Uh, I mean I would love to hear your answer because even if you're part-time

302
00:21:30,320 --> 00:21:35,280
You should still be able to fit your drifting day in on the half off day the senior day

303
00:21:35,840 --> 00:21:38,400
Whatever discount the mill to active mill day

304
00:21:38,400 --> 00:21:44,160
Um, personally for me, I literally revolve my two drifting days around those and you're probably thinking well

305
00:21:44,560 --> 00:21:48,800
You know, what am I going to do? Well, i'm literally getting all my stuff for a half price

306
00:21:48,800 --> 00:21:52,000
What I would pay going any other day you might not think that's a big deal

307
00:21:52,000 --> 00:21:56,640
But i'm here to tell you the lower your buy cost is the more money you're going to make the longer

308
00:21:56,640 --> 00:21:57,920
You're going to be around at the end of the day

309
00:21:57,920 --> 00:22:02,800
So it's like why aren't you thrifting on the days where you can get a discount and I'm like

310
00:22:02,800 --> 00:22:08,960
I don't want to hear none of your lame duck excuses either because when I was working full time at cbs and I wanted to get out of that job

311
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Um, you better believe I was dragging dead like every day after work, you know when I could get a discount half off days things like that

312
00:22:15,440 --> 00:22:20,960
So like oh i'm tired from work. That's that excuse don't work no more honestly like if you're tired from work

313
00:22:20,960 --> 00:22:24,960
Then you clearly don't want to have this business outside to get out of your job at the end of the day

314
00:22:24,960 --> 00:22:27,600
That's just the reality but I do think like if you're not working

315
00:22:27,600 --> 00:22:32,960
You clearly don't want to have this business outside to get out of your job at the end of the day. That's just the reality but I do think like

316
00:22:32,960 --> 00:22:35,840
People don't take advantage of that stuff even if it's 10 percent, right?

317
00:22:35,840 --> 00:22:41,520
You know, like that's still 10 less your pain if you compound it over the 10 000 items

318
00:22:41,520 --> 00:22:42,880
You're going to buy in the year

319
00:22:42,880 --> 00:22:47,040
You're putting a thousand dollars if it's a dollar piece back into your pocket at the end

320
00:22:47,360 --> 00:22:51,840
And if I tell anybody here's an extra thousand dollars a year, you're going to take it the second you think about it

321
00:22:51,840 --> 00:22:56,480
Question on that because i'm curious is your do you have a lot of competition in your area?

322
00:22:56,800 --> 00:23:02,320
I do it's hit or miss uh recently i've come across more scanners, but they don't scan everything. They're lazy

323
00:23:02,320 --> 00:23:04,960
So like competition really doesn't even bother me anymore

324
00:23:04,960 --> 00:23:09,280
But I do have competition and I rarely see them on half off days

325
00:23:09,280 --> 00:23:12,960
I usually there's one salvation army where there's like

326
00:23:13,680 --> 00:23:18,240
Me and deb called like the reselling salvation army because on half off day when I go

327
00:23:18,240 --> 00:23:24,080
There's like 10 people flying through the t-shirts trying to find like the vince you can literally hear the

328
00:23:24,480 --> 00:23:29,840
The clothing guys go so fast. They're so fast that store is just nothing but resellers

329
00:23:29,920 --> 00:23:33,920
But I mean there's always something for you. You don't know what their business model is

330
00:23:34,000 --> 00:23:37,840
You don't know like are they for me at least are they ungated to dvds and cds?

331
00:23:38,160 --> 00:23:40,800
Most of these book people they stick to their books

332
00:23:40,800 --> 00:23:43,600
They make a little bit of money and they just be miserable right me

333
00:23:43,600 --> 00:23:49,280
I can go hit the hit the cds hit the dvds and uh kind of switch it up and then I always go back and scan

334
00:23:49,280 --> 00:23:55,840
Behind these people anyway, but I I don't half off day i'm there and honestly like sure the stores are packed

335
00:23:55,920 --> 00:24:00,400
But I mean it's not like everybody's in there scanning the books and if there are people looking at the books

336
00:24:00,800 --> 00:24:03,200
They're probably looking for something i'm not or you know

337
00:24:03,280 --> 00:24:08,640
They're definitely not ungated in dvds and cds because a lot of the a lot of the old-time book sellers like I don't know

338
00:24:08,640 --> 00:24:11,360
They're stuck in their ways and good riddance when they go away

339
00:24:11,360 --> 00:24:17,860
Unfortunately, if you're an old-time book seller, that's just miserable and you know sits at one store all day long. See you later. Bye

340
00:24:18,900 --> 00:24:20,900
So here's something I learned from mr. Tech

341
00:24:21,860 --> 00:24:24,500
He he didn't go in on the the sales days

342
00:24:24,500 --> 00:24:28,900
He went in on the day before but his his competition was like you're saying there's like 10 30

343
00:24:29,300 --> 00:24:31,620
Clothing sellers. So you had to be a little bit more aggressive with it

344
00:24:31,940 --> 00:24:34,980
So they would come in on half day and he'd already gone through everything

345
00:24:35,300 --> 00:24:39,860
Oh, yeah, for sure for sure and that uh, they even talk about it like when they do like the flea markets, right?

346
00:24:39,860 --> 00:24:42,180
If you if I go in early, yeah

347
00:24:42,420 --> 00:24:44,900
If I talk to the average person like you go to a flea market

348
00:24:44,980 --> 00:24:47,780
We're going to get there at like what seven maybe eight o'clock, right?

349
00:24:48,420 --> 00:24:50,420
These guys are out there at three a.m

350
00:24:51,780 --> 00:24:57,220
All right, like the sun's not even up and they have their relationships like and their business model

351
00:24:57,300 --> 00:24:59,460
That's how you win. I think for what?

352
00:25:00,020 --> 00:25:02,980
Like amazon sellers do I don't think there's a need for that

353
00:25:03,380 --> 00:25:06,980
But for for what those guys build and what they you know, the businesses they have today

354
00:25:06,980 --> 00:25:10,500
That's how you win. That's just the hard reality of it. You got to be up at 3 a.m

355
00:25:10,500 --> 00:25:15,540
You got to have the relationship at the flea market and you got to be willing right? There's a point where

356
00:25:16,100 --> 00:25:21,940
Maybe going the day before the half-off sale kind of like they do and paying the full price is still going to net you more money

357
00:25:22,500 --> 00:25:27,300
Right picking through the scraps on the half-off day because he already hit the whole rack and you're stuck with the leftovers

358
00:25:27,860 --> 00:25:32,260
Exactly. Like I agree with you. I don't think it's hyper competitive like it is in the clothing realm

359
00:25:32,260 --> 00:25:39,300
But it's interesting to think about if I if either one of us were that hyper aggressive with the books CDs or dvds

360
00:25:39,940 --> 00:25:41,940
geez

361
00:25:41,940 --> 00:25:45,460
But we don't need to that's the thing like you're saying we don't need to yeah, exactly

362
00:25:45,540 --> 00:25:46,980
I think I think there is a you know

363
00:25:46,980 --> 00:25:51,780
A business model where that makes sense and clothing is one of those because you know, there's only so many racks

364
00:25:51,780 --> 00:25:54,020
there's only so many brands and uh

365
00:25:54,020 --> 00:26:00,420
You have to be ahead of everybody and I mean every thrift store you go into there's always somebody looking to resell clothing

366
00:26:00,420 --> 00:26:02,660
I mean even it don't matter what day of the week it is

367
00:26:02,660 --> 00:26:08,820
You can always see the people that are looking at the tags not even looking at what it looks like right? There's tagging boom boom boom boom

368
00:26:09,540 --> 00:26:15,620
Now there's only two or i'm sorry. Go ahead. Yeah, go ahead. I think there's only two things you need to be early for

369
00:26:16,340 --> 00:26:21,540
Well three, we mentioned one of them was flea market garage sales and estate sales

370
00:26:22,340 --> 00:26:24,340
uh in media at least

371
00:26:24,340 --> 00:26:26,340
estate sales not so much because they usually

372
00:26:27,140 --> 00:26:28,900
ignore the

373
00:26:28,900 --> 00:26:30,900
ignore the

374
00:26:32,100 --> 00:26:34,100
Books but garage sales you got

375
00:26:34,900 --> 00:26:39,540
You got grandma. She's gonna grab a couple and what grandma bought may have been a high-value book

376
00:26:40,180 --> 00:26:42,020
um in flea market

377
00:26:42,020 --> 00:26:49,060
Uh again, I think like what you said establishing those relationships just to make sure like again the case of grandma coming in and scooping

378
00:26:49,220 --> 00:26:51,140
a high-value book up

379
00:26:51,140 --> 00:26:53,140
but you don't have to

380
00:26:53,620 --> 00:26:56,580
Do it every day kind of thing just when you need to source I think

381
00:26:56,580 --> 00:27:01,780
Yeah, but even that process right of going even their process of going to these flea markets at three o'clock

382
00:27:02,580 --> 00:27:03,860
they

383
00:27:03,860 --> 00:27:05,860
Are not only winning the best inventory

384
00:27:06,420 --> 00:27:12,980
They are winning their time because they can go there for the week grab all their inventory in three to four hours

385
00:27:13,300 --> 00:27:14,340
and then

386
00:27:14,340 --> 00:27:19,780
Somebody like myself has got to be at the thrift store five days a week to even come close to picking up the stuff

387
00:27:19,860 --> 00:27:24,820
They got it's just like not only do they win in the aspect of hey, they're getting the good stuff

388
00:27:24,820 --> 00:27:30,580
They're also getting a lot of their time back. Like that's another thing like this is basically what we're talking about as a process

389
00:27:30,580 --> 00:27:34,980
It's going to make you more money and give you you know more time to kind of do the things you want to do

390
00:27:35,540 --> 00:27:39,140
Now check this out like earlier on I dealt with a thrift store

391
00:27:39,940 --> 00:27:43,620
They went out of business. Unfortunately, I gave them the tubs you see in the back

392
00:27:44,180 --> 00:27:46,500
They'd have them in their back room and they'd fill them up

393
00:27:46,660 --> 00:27:48,660
All I said was paperbacks in one tub

394
00:27:48,660 --> 00:27:54,660
Hardbacks in the other and they gave me a ring when all eight were filled and I just drive up there and pick up all eight tubs

395
00:27:55,060 --> 00:27:59,780
And I'd exchange I get I take the full tubs. I give them eight empties like call me when these are full

396
00:28:00,260 --> 00:28:03,860
That's how I did it. I didn't have to go in the front. I didn't have to spend time boxing it up

397
00:28:04,100 --> 00:28:06,820
They just did it for me because they had so much

398
00:28:08,100 --> 00:28:11,540
Um, but sadly they were no more and I don't need it right now anyway

399
00:28:11,620 --> 00:28:15,860
So i'm kind of glad they did go out of business. So basically what we're saying here is thrifting is the

400
00:28:15,860 --> 00:28:22,180
Is going to be the time sink for most people right is sourcing if you can figure out ways

401
00:28:22,260 --> 00:28:27,140
You know kind of like what you're saying kind of like tech and chris do you know flea markets having those relationships?

402
00:28:27,780 --> 00:28:30,500
That's how you win because that inventory is always going to be there

403
00:28:31,220 --> 00:28:34,420
You're always going to have a account. You can always have a conversation with the person, right?

404
00:28:34,420 --> 00:28:38,580
If i'm going every week to the flea market, uh, like they even talk about like, you know

405
00:28:39,220 --> 00:28:41,700
He wears the same shirt every time he goes to the flea market, right?

406
00:28:41,700 --> 00:28:48,020
They know it's the blue cat shirt guy, right like every single time I show up like they know hey, there's blue cat

407
00:28:48,880 --> 00:28:54,740
Exactly, right and it's that's my relationships. You can't you can't undervalue them, but people don't want it

408
00:28:54,820 --> 00:28:56,660
They just want to rely on the thrift stores

409
00:28:56,660 --> 00:29:02,020
They don't want to go in and talk to a manager see where their inventory is coming from see what they're doing with the extra stuff

410
00:29:02,340 --> 00:29:06,660
They just want to go in and look at the stuff on the shelf and that's it. That's where that's where it ends

411
00:29:06,660 --> 00:29:12,660
Right. I mean even you and I we both deal with libraries. So there's that connection like either

412
00:29:13,380 --> 00:29:16,340
Well yours, I think calls you in before mine calls me in at the end

413
00:29:16,820 --> 00:29:17,780
um

414
00:29:17,780 --> 00:29:19,940
the one I deal with on a regular basis, so

415
00:29:20,580 --> 00:29:22,580
getting those done I was

416
00:29:23,300 --> 00:29:25,220
I was very nice and friendly to them and they loved me

417
00:29:25,220 --> 00:29:29,460
They even came from my opening for my brick and mortar this weekend. They're like, this is so cool

418
00:29:29,860 --> 00:29:33,140
They even bought books, even though I said I don't want your money. They gave me money anyways

419
00:29:33,140 --> 00:29:39,140
I really don't want your money librarian ladies. It's okay. Yeah, so I think I think we're gonna kind of wrap it up here

420
00:29:39,220 --> 00:29:44,500
It's just you know, there are ways to make more money and do less that sounds so like scammy, dude

421
00:29:44,500 --> 00:29:46,500
It's like it's like I feel like i'm about to pitch a course

422
00:29:46,660 --> 00:29:52,340
You want to make a million dollars and do not lift a finger like so it's like that guy that had the the suit on

423
00:29:52,340 --> 00:29:55,140
With all the little question marks is a stupid little book. Yeah

424
00:29:55,300 --> 00:29:55,540
Yeah

425
00:29:55,540 --> 00:30:00,740
But it's like it's the reality of it my business from this time last year to this time this year

426
00:30:00,740 --> 00:30:04,500
Is living proof that you can do a lot less work

427
00:30:05,060 --> 00:30:07,860
80 less work and make the same amount of money

428
00:30:07,860 --> 00:30:12,980
You just have to be willing to look at your business say hey, where can I get some time back?

429
00:30:12,980 --> 00:30:15,940
Where can I make more money stop chasing the junk?

430
00:30:15,940 --> 00:30:20,900
Like what's your opinion on on the on this on this junk that people you know, at least for me

431
00:30:20,900 --> 00:30:26,820
Like I see it on youtube like what sold videos like if somebody sells something for like five bucks or under like giving your

432
00:30:26,820 --> 00:30:30,900
Opinion as a full-time ebay seller of people selling the junk

433
00:30:31,060 --> 00:30:34,740
You need to sell so much of it a day like thousands pieces a day

434
00:30:35,620 --> 00:30:38,500
To even make that viable long term to make it worth your time

435
00:30:38,500 --> 00:30:42,420
But even then that's a lot of work to even be able to even if you're just scammed, right?

436
00:30:42,820 --> 00:30:46,020
It's still gonna take you a while to sling that up thousand pieces a day

437
00:30:46,500 --> 00:30:50,500
And then you're talking about a giant warehouse then you're probably talking about some forklift op

438
00:30:51,700 --> 00:30:53,700
There's an easier way guys

439
00:30:53,700 --> 00:30:58,420
Where you just summed it up and it doesn't work as you as a solo entrepreneur

440
00:30:59,620 --> 00:31:04,260
It is so hard to scale that business unless you have your processes

441
00:31:04,260 --> 00:31:08,740
Which we talked about it's just as important as you know finding better quality stuff

442
00:31:09,140 --> 00:31:11,300
Unless you have your processes down right?

443
00:31:11,300 --> 00:31:14,020
Like we have people like jarrett on here where he you know

444
00:31:14,020 --> 00:31:20,420
All he does is CDs every cd that comes in that gaylord gets listed but his processes are clean as can be

445
00:31:20,420 --> 00:31:23,620
There's nothing there's no way where he can be more efficient

446
00:31:23,940 --> 00:31:28,500
So like the processes are what's gonna make or break if you're gonna play that long game

447
00:31:28,500 --> 00:31:32,740
You better be selling one specific item have the same exact the packet materials

448
00:31:32,740 --> 00:31:35,860
Like you said like that's a I used to be that deb used to hate it, dude

449
00:31:35,940 --> 00:31:42,100
I used to have boxes and bubble wrap like all over the apartment. Oh, I remember when I used bubble wrap

450
00:31:42,180 --> 00:31:47,780
Don't know mike. No, i'm going through mine. I'm going through the last of my american bubble boy bubble wrap

451
00:31:47,780 --> 00:31:50,820
Um and like as much as it pains me to do it

452
00:31:50,820 --> 00:31:56,260
I actually I smile on the inside and I make sure everything gets a little few extra go around just so I can get

453
00:31:56,820 --> 00:31:59,780
Texture. Yeah. So uh, yeah things like that

454
00:31:59,780 --> 00:32:05,540
It all adds up and just you know get in the mindset of make yourself a little bit more money and have a little bit

455
00:32:05,540 --> 00:32:07,540
More free time. I know what's crazy to think right?

456
00:32:07,620 --> 00:32:12,980
Whoa, i'm a reseller and I don't have to be at the thrifts or be listed on ebay all day every day

457
00:32:12,980 --> 00:32:19,300
But it is possible and just be smart about it like give me your last two cents on making more and doing less like

458
00:32:19,780 --> 00:32:23,700
Give me something you're thinking about doing that's going to make you more and you're going to do less

459
00:32:23,780 --> 00:32:25,780
And then i'll go back to mine and we'll wrap it up there

460
00:32:26,900 --> 00:32:33,220
I'm thinking about pushing hard on my brick and mortar side the trading aspect just to have inventory come to me on a regular basis

461
00:32:33,300 --> 00:32:36,100
So I have to go out less, but I get more

462
00:32:37,140 --> 00:32:39,380
Brought into me or the same amount brought into me

463
00:32:39,380 --> 00:32:44,740
I don't I may not have to go out as much as I had to last year, but it's the early stages of that

464
00:32:44,820 --> 00:32:46,820
So we'll see how that goes

465
00:32:47,460 --> 00:32:48,420
For me

466
00:32:48,420 --> 00:32:51,780
I'm gonna make a whole lot more because i'm just gonna send all my duds to johnny

467
00:32:51,860 --> 00:32:56,420
And i'm gonna make him commission like his brick and mortar like i'm gonna get 90 he's gonna get 10

468
00:32:57,300 --> 00:33:01,540
No, uh for me though. It's like i've been refining my routes a little bit more kind of

469
00:33:02,100 --> 00:33:05,940
Picking and choosing, you know how many stories I can get into maybe this one's a little bit out of the way

470
00:33:06,020 --> 00:33:07,460
But it does really well

471
00:33:07,460 --> 00:33:12,740
Uh, just monitoring your sources and know how often you should go out because if I drive an hour

472
00:33:13,300 --> 00:33:17,940
One way, you know, and I go there two times a month and one time every single month I go

473
00:33:18,020 --> 00:33:21,380
I find nothing that whole day shot. I literally just burn one of my days

474
00:33:21,380 --> 00:33:24,740
So like being smart about your sources and that's kind of what i've been doing

475
00:33:24,740 --> 00:33:28,900
It's just seeing how often I need to go to certain places to make the most bang for my buck

476
00:33:29,140 --> 00:33:30,980
And sure thrifting is always a chance, right?

477
00:33:30,980 --> 00:33:33,540
Maybe somebody donates their collection and I miss out on it

478
00:33:33,540 --> 00:33:38,180
But you have to be smart about these things. You can't just can't just shoot from the hip anymore with reselling

479
00:33:38,260 --> 00:33:40,100
You got to start treating it like a business

480
00:33:40,100 --> 00:33:40,340
All right

481
00:33:40,340 --> 00:33:45,220
We're gonna appreciate you all listening and we're gonna wrap it up here and we'll talk to you guys next wednesday

482
00:33:45,220 --> 00:33:51,140
As always the podcast episodes come out every wednesday 8 pm eastern johnny b shooting off his texas pistols over there

483
00:33:51,380 --> 00:33:54,820
If you're in texas stopped by uh johnny b's brick and mortar store

484
00:33:54,820 --> 00:33:59,380
Do you want to plug like your your your brand new brick and mortar store in case somebody out there is listening?

485
00:33:59,460 --> 00:34:01,860
Never know dude. Where are you at? Where are you looking?

486
00:34:01,860 --> 00:34:02,980
Sure

487
00:34:02,980 --> 00:34:09,700
Eight two seven south main street city of winsboro. There's two ends in that state of texas

488
00:34:09,780 --> 00:34:16,580
Zip code seven five four nine four. Come on in and get yourself free book free book guarantee every single day

489
00:34:16,820 --> 00:34:18,500
You get a free book every single day

490
00:34:18,500 --> 00:34:23,140
So you can camp out in the parking lot for you know, the next 30 days and every morning you can go in and grab

491
00:34:23,140 --> 00:34:26,420
That free book. Yeah. All right. We appreciate you all listening. Have a good one

492
00:34:26,820 --> 00:34:30,100
Thanks for listening to another episode of the resellers mindset podcast

493
00:34:30,100 --> 00:34:37,380
Today's full episode and all previous episodes are available to all youtube members along with the weekly zoom call and private discord

494
00:34:37,380 --> 00:35:00,340
Head on over to youtube.com backslash to use book guy and consider joining for as little as 2.99 a month

