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Welcome back to another episode

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of the Resellers Mindset Podcast.

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My name is Mike, also known as the used book guy on YouTube,

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along with my friend and fellow full-time reseller, Johnny B.

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We help people start and grow their reselling businesses

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from the ground up.

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We also have a weekly Zoom call and private Discord

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for all YouTube members.

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Head on over to youtube.com backslash used book guy

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to join the channel and gain access

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to the full length podcast Zoom call

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and private Discord today.

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Let's get into this week's episode.

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What is up everybody?

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Welcome into another episode

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of the Resellers Mindset Podcast, Mike,

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alongside Johnny, and we have a special guest today,

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James on YouTube known as Bold Finds.

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He's gonna kind of give us an insight

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on his reselling journey, his business.

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We're excited to kind of see how it looks different

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from us because he's not over here

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in the States like me and Johnny.

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So James, give yourself a little bit of an introduction here

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and kind of take us away.

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We'll just walk through everything.

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Well, first of all, guys, thank you for inviting me on.

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Super privileged.

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Yes, I'm James known as Bold Finds over on Instagram

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and YouTube, as well as eBay, full-time eBay reseller

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here in the UK.

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Started as a everything seller

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where I think most people do start their journey

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as an everything seller, a lot continuous at.

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And in the last, I would say six to eight months or so,

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I've decided to niche down into clothing,

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which is something I had zero interest in doing

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when I started reselling funnily enough.

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So yeah, that's a little intro about me.

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That's clothing of all the things that choose, dude.

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I think you're, I mean, that's pretty crazy.

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If I had to choose a category again,

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clothing probably wouldn't be in my top.

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But then again, it's like different for everybody.

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Like, is there a little insight to why you decided

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to choose clothing and not toys or not books

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or not shoes?

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Yeah, so making the decision was really difficult

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because I had gone from selling your Nerf guns,

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your books, your Furbies, loads of random stuff,

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anything and everything guide sold,

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the electricals, the gaming side.

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And when I used to go out and source items,

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I would buy everything other than clothing.

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So it wasn't like clothing was ever part of the plan.

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So I've done a complete 360.

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And the reason I chose clothing is what we speak about

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in the group all the time is plentiful.

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Every single sourcing opportunity I go to,

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every car boots I will go to,

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every store has some clothing on it.

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So I knew sourcing stock was not going to be difficult.

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What I probably didn't realize when niching down

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is sourcing good stock is slightly more difficult.

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So that's the reason I went with clothing

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plus the people I surround myself with.

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A lot of the resellers who I speak to on a day-to-day basis

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from the UK, they're doing clothing

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and they're smashing out the park.

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So I was in the mindset of they can do it, I can do it.

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And just a little background.

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We talked about this a little bit before the podcast.

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The only reason I really know James is last year

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I was the only crazy American to be up really early

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before our group's morning call.

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So it would be me, James, the UK guys.

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I knew James back when he was a bookseller.

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He's transitioned to things when we talk about things

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and help each other here and there.

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So thank you for coming on James, it's a pleasure.

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No, thank you.

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And I remember them early morning starts

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when for us it was super early.

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Now we're talking six, seven, eight o'clock

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our time in the morning.

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So for you, Johnny, what was that?

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Two a.m., three a.m.?

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Yeah, something like that, three or four a.m.

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Something like it was really early.

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It'd be me and the UK guys for at least a couple hours

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and the morning call would start.

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Yeah, yeah, good times.

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So clothing, I need more details.

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You sell baby clothing, you sell men's, women's,

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you don't care what kind of clothing it is

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as long as it's worth money.

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Yeah, so when I started, I was strictly,

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right, I'm gonna be a men's clothing seller.

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I don't want to do trousers.

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So I just want to do jumpers and tops

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and keep it as simple as that.

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Then I tried some trousers and trousers started selling.

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So I thought, let me add trousers into it.

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Then I met a supplier who was getting more women's than men.

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So I thought, let's try women's as well.

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Let's add that into the mix.

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Probably never gonna touch women's again, honestly,

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because the amount of measurements you have to do

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on women's clothings compared to men's

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is horrendous amount.

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Plus, love the women out there.

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So when I say this, please take this with a pinch of salt.

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There are a lot more, I'm gonna use the word fussy,

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fussier than men.

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Us men, if it doesn't fit,

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we kind of put it in the wardrobe and we say,

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you know what, I'll lose a bit of weight

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and I'll get into that maybe three years later.

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Women, they need every single measurement.

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If it's not perfect, that returns coming back to me.

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So yeah, predominantly men's.

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I do like my vintage stuff.

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I'm trying to learn it a bit more.

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Now the vintage banties,

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I'm really starting to get into a bit more.

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But what I'm realizing at the moment is

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as a clothing seller,

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you don't need to know every single brand

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to an inch of its life.

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You just need to know the nuances within the brands

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that are actually worth picking up.

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So yeah, I'm gonna try and stick to men's,

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but I'm not against picking up females' jumpers

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or tops or blouses.

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Two measurements and two measurements.

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It's really funny you say that

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because I'm thinking about all my clothing

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and shoes purchases.

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Have I ever made a return?

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And the answer to that is no.

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I'll put it in the closet

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or I'll throw it away at the end of the day.

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On the same, if you get an item,

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you kind of wear it and you'll say,

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oh, it's all right.

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It'll fit one day or it's a bit too baggy.

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So that allows me to eat a little bit extra next month

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to fit into it.

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But yeah, I can't remember the last time

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I returned an item of clothing itself.

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It just goes in.

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Right, you can wear shoes.

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I'll just shove them in the closet a year later.

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Okay, they've been in the closet a year.

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They're going in the trash.

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Don't care anymore.

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Your feet ain't gonna shrink or grow

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that much in a year.

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Or they didn't fit right when I tried them on

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or I didn't like the way they looked or something.

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Because I get shoes as gifts sometimes from people.

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But no, fair point.

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And the other interesting thing,

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I'm glad James is on,

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he'll use a little bit more of an acular

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that's local to him than us US guys.

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I mean, what do we call trousers?

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Just pants over here in the US, Mike?

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Yeah, everything's pants to me,

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unless they're pajamas.

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Yes, our pants are slightly different in the UK.

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And it does make me laugh in the group

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when I hear people say, what size are these pants?

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And I'm thinking, well, no, we call pants underwear

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in the UK.

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And it's funny, you had Tom on the last podcast

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and they refer to fongs as in flip,

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we call them flip flops in the UK.

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Like fongs are shoes, fongs are shoes in Australia,

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but fongs for us in the UK is underwear.

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Yes.

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It's quite funny to refer to things as fongs.

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So it's just funny how we all have different words

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for different things and it's all the same really.

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No, it is actually fascinating.

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So being a UK seller, are you allowed to sell everywhere

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that is Europe or where does the UK start and end?

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Cause I'll admit it, looking at a map,

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I can't tell you what's what on there.

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Yeah, so we have in the UK, we have England,

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Ireland, Scotland, Wales and Northern Ireland.

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That's the five areas in the UK.

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But with eBay, with GSP, we can ship anywhere in the world.

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So we can ship in Europe, we can ship to America, Canada,

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you name it, we can ship there.

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Apart from there's a couple of banned countries,

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I think Russia, we can't ship to at the moment.

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So yeah, we do have, although we're quite a small country,

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we do have access to actually sell worldwide as well.

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The only difficult thing with GSP is the postage costs.

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So if you're buying something from America, from the UK,

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a five pound T-shirt might cost you an extra $20

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to get it shipped to you.

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So they've got to really want it to buy them.

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Now, are you kind of like Tom,

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where they only have like two parcel sizes

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if it fits at ships kind of deal,

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or is it something different over in the UK?

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Yeah, we're slightly different and we're quite blessed

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when it comes to postage because ours is all based on weight

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and the price doesn't change that much.

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So anything up to one kg, and apologies,

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you might have to convert it into, you use grams, do you?

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Do you guys use grams or?

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One kg.

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Okay.

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So yeah, so one kg, we can ship a parcel,

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which is probably a pair of jeans and a T-shirt

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to give you an idea of weight.

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That's gonna cost us about two pounds 95 pence to ship

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anywhere in the UK.

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And then if it's double that,

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you're only looking at an extra sort of 50 pence extra on top.

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So about three pound 50 to ship it.

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And if you have up to 10 kg,

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you're only looking at about six pounds,

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as in English pounds,

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I don't wanna confuse all the pounds and stuff.

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So our postage is really cheap in comparison to Australia

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and you guys in the US.

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I can't believe when you're talking

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to ship a pair of trainers, it might cost you $9.

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That blows my mind.

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Yeah, one kg is equivalent to 2.2 US pounds

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for all you US listeners out there.

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So I mean, that's a lot of weight

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for that little bit of money.

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Now, when it comes to sourcing and brands,

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cause you're a clothing seller, I'm curious,

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are the brand trends kind of the same

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that you see in the US

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or maybe do some US brands do better over there

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and vice versa?

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Yeah, so we get a lot of the US brands

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actually do end up over here,

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but they are a lot harder to find.

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And it's quite funny,

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some of our UK brands are probably not so popular

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here in the UK and we can't sell them.

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If they were in the US, they would sell really well.

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So we get lots of things like Patagonia is a prime example.

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We see that quite a bit in the UK

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and it demands really good money.

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But some of the other brands

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that I hear you guys speak about,

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like I think there's one called Phyllis and or Phyllis

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and I think it is,

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we don't tend to see that as much in the UK,

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but if you do find in the UK, it still sells very well.

260
00:10:04,540 --> 00:10:06,700
But it's very much like for like,

261
00:10:06,700 --> 00:10:10,060
but some things demand more money here

262
00:10:10,060 --> 00:10:12,220
than they will where you guys are.

263
00:10:12,220 --> 00:10:14,140
And also vice versa, in the US,

264
00:10:14,140 --> 00:10:16,420
there's some brands that we can't sell for life

265
00:10:16,420 --> 00:10:18,700
as in the UK and you can get good money.

266
00:10:18,700 --> 00:10:21,460
So yeah, the brands we do find very similar,

267
00:10:21,460 --> 00:10:24,780
but there is some ones we can't just find here.

268
00:10:24,780 --> 00:10:25,980
All right, so give me a breakdown

269
00:10:25,980 --> 00:10:27,340
on where you're sitting at.

270
00:10:27,340 --> 00:10:29,980
It looks like some kind of like storage shed kind of deal

271
00:10:29,980 --> 00:10:33,020
that most resellers wind up like maybe eventually getting,

272
00:10:33,020 --> 00:10:35,540
whether that's a garage or storage unit like myself,

273
00:10:35,540 --> 00:10:36,820
like where are you at?

274
00:10:36,820 --> 00:10:38,140
Is this like your workspace?

275
00:10:38,140 --> 00:10:39,500
How does it operate?

276
00:10:39,500 --> 00:10:41,220
Give us some insight on that.

277
00:10:41,220 --> 00:10:43,500
Yeah, so this is where I started day one.

278
00:10:43,500 --> 00:10:48,500
So this actually is a shed built down the end of my garden.

279
00:10:49,100 --> 00:10:52,060
So for me to start work in the morning is great

280
00:10:52,060 --> 00:10:53,300
because I can never have the excuse

281
00:10:53,300 --> 00:10:55,060
of I've got to travel into work.

282
00:10:55,060 --> 00:10:58,340
I literally go downstairs, make myself a coffee,

283
00:10:58,340 --> 00:11:01,940
open the back door, walk five seconds down the garden

284
00:11:01,940 --> 00:11:03,540
and here I am ready to go.

285
00:11:03,540 --> 00:11:06,700
So what we've got here is my garage

286
00:11:06,700 --> 00:11:08,940
and let me see if I can show you a little bit.

287
00:11:09,980 --> 00:11:11,980
This here is my photo setup.

288
00:11:13,140 --> 00:11:14,500
I've got my lights here.

289
00:11:14,500 --> 00:11:16,500
I don't wanna show you too low because it's a bit of a mess

290
00:11:16,500 --> 00:11:17,940
and I know if tech watches is back,

291
00:11:17,940 --> 00:11:19,980
he's gonna tail me off for that.

292
00:11:19,980 --> 00:11:24,700
Anyway, it's the photo set up there and I work from here.

293
00:11:24,700 --> 00:11:28,020
So all of my listings and everything gets done by here.

294
00:11:28,020 --> 00:11:30,740
Then what I've got is two offsite garages

295
00:11:30,740 --> 00:11:33,540
which are a couple of minute walk down the road

296
00:11:33,540 --> 00:11:35,700
where I store all my clothing items,

297
00:11:35,700 --> 00:11:40,420
which are run on racks and use the numbers box system

298
00:11:40,420 --> 00:11:42,460
to actually store the items in.

299
00:11:42,460 --> 00:11:44,500
But before when I first started,

300
00:11:44,500 --> 00:11:48,060
and if you go back and watch my first YouTube videos,

301
00:11:48,060 --> 00:11:51,100
what you'll see, the racks used to all be behind me

302
00:11:51,100 --> 00:11:51,940
and to the side of me.

303
00:11:51,940 --> 00:11:53,740
So I used to store everything in here.

304
00:11:53,740 --> 00:11:56,980
I just hit the point of not being able to grow anymore,

305
00:11:56,980 --> 00:11:59,580
which why I needed to go and get some external storage.

306
00:12:00,500 --> 00:12:02,060
So you're full-time now.

307
00:12:02,060 --> 00:12:04,140
So tell us about before you were full-time,

308
00:12:04,140 --> 00:12:05,940
what was the trigger factor to,

309
00:12:05,940 --> 00:12:09,100
yes, I wanna do this for a living to move into full-time,

310
00:12:09,100 --> 00:12:11,980
whether you're a part-timer hobbyist doing it for fun.

311
00:12:11,980 --> 00:12:15,180
Yeah, so the reselling journey is so interesting

312
00:12:15,180 --> 00:12:18,340
because I don't think any of us when we're at school

313
00:12:18,340 --> 00:12:19,620
ever think to ourselves,

314
00:12:19,620 --> 00:12:20,900
do you know what, one day when I grow up,

315
00:12:20,900 --> 00:12:21,860
I wanna be a reseller.

316
00:12:21,860 --> 00:12:24,460
It's one of them jobs that you just discover.

317
00:12:24,460 --> 00:12:28,020
And the journey and the passion for reselling started

318
00:12:28,020 --> 00:12:30,780
probably when I was five or six years of age

319
00:12:30,780 --> 00:12:32,060
without realizing,

320
00:12:32,060 --> 00:12:34,860
because my dad used to take me to the car boot sales,

321
00:12:34,860 --> 00:12:36,980
which are your flea markets.

322
00:12:36,980 --> 00:12:39,540
And I remember we used to have to get up really early

323
00:12:39,540 --> 00:12:41,900
and he would just go and buy for home,

324
00:12:41,900 --> 00:12:44,380
buy for himself, not to resell.

325
00:12:44,380 --> 00:12:46,140
But there'll be certain items he would want

326
00:12:46,140 --> 00:12:47,700
and they might ask 10 pounds.

327
00:12:47,700 --> 00:12:51,740
And he would send me over to the store with five pounds

328
00:12:51,740 --> 00:12:53,140
and try and bargain them down.

329
00:12:53,140 --> 00:12:55,460
And they'll see a little kid with five pounds

330
00:12:55,460 --> 00:12:56,460
and that's all the money I've got,

331
00:12:56,460 --> 00:12:58,100
please can I have this?

332
00:12:58,100 --> 00:13:00,100
And most of the time it would work.

333
00:13:00,100 --> 00:13:01,980
And a funny story, I haven't really mentioned this,

334
00:13:01,980 --> 00:13:04,780
but I used to have a red, when I was young,

335
00:13:04,780 --> 00:13:07,500
you used to have a red puffer jacket, unbranded.

336
00:13:07,500 --> 00:13:10,580
And that was always known then as the sorry coat

337
00:13:10,580 --> 00:13:11,580
is how we used to call it.

338
00:13:11,580 --> 00:13:12,980
So people would feel sorry for me

339
00:13:12,980 --> 00:13:15,140
because I've got this really cheap coat

340
00:13:15,140 --> 00:13:17,780
that he would put me in and send me off to.

341
00:13:17,780 --> 00:13:19,380
So that's where the passion for reselling

342
00:13:19,380 --> 00:13:21,100
really started without realizing.

343
00:13:21,100 --> 00:13:25,060
And after college, I went into recruitment.

344
00:13:25,060 --> 00:13:28,220
And for 13 years I was in recruitment.

345
00:13:28,220 --> 00:13:31,300
And I discovered resellers in the UK on YouTube,

346
00:13:31,300 --> 00:13:33,500
first of all, and a few US ones.

347
00:13:33,500 --> 00:13:36,580
So I think Cincinnati Picker and ShedFlips

348
00:13:36,580 --> 00:13:38,980
were the first two in the US who I came across.

349
00:13:39,860 --> 00:13:41,460
And from the UK perspective,

350
00:13:41,460 --> 00:13:44,140
I was fascinated to feel like,

351
00:13:44,140 --> 00:13:45,740
are these people actually doing this

352
00:13:45,740 --> 00:13:48,460
and making a full-time living doing so?

353
00:13:48,460 --> 00:13:50,220
I didn't think that was a thing.

354
00:13:50,220 --> 00:13:53,900
Anyway, so I watched YouTube resellers for about three years

355
00:13:53,900 --> 00:13:56,380
while I was in recruitment, just for fun.

356
00:13:56,380 --> 00:13:59,820
And during the first pandemic, during COVID,

357
00:13:59,820 --> 00:14:02,180
I was made redundant from my job.

358
00:14:02,180 --> 00:14:04,260
They offered me a settlement,

359
00:14:04,260 --> 00:14:07,140
which was a nice bit of money for a bit of security.

360
00:14:07,140 --> 00:14:08,740
And I said to my wife, I said,

361
00:14:08,740 --> 00:14:11,660
I would love to do reselling as a full-time job.

362
00:14:11,660 --> 00:14:13,660
I don't like recruitment anymore.

363
00:14:13,660 --> 00:14:15,300
This might be the perfect opportunity

364
00:14:15,300 --> 00:14:16,940
to try and grow my own business.

365
00:14:18,300 --> 00:14:19,460
And she was all for it.

366
00:14:19,460 --> 00:14:20,980
And the story is I actually went

367
00:14:20,980 --> 00:14:23,620
and accepted another recruitment job.

368
00:14:23,620 --> 00:14:25,980
And I was there for four days.

369
00:14:25,980 --> 00:14:28,260
And I rang her at one lunchtime and I said,

370
00:14:28,260 --> 00:14:30,380
I don't want to do this anymore.

371
00:14:30,380 --> 00:14:31,460
It's soul destroying.

372
00:14:31,460 --> 00:14:34,340
I don't want to build a career in recruitment anymore.

373
00:14:34,340 --> 00:14:35,700
I'm gonna give it a go and look,

374
00:14:35,700 --> 00:14:38,300
worst case scenario, we've got six months of savings.

375
00:14:38,300 --> 00:14:40,380
If it all goes to pot,

376
00:14:40,380 --> 00:14:42,740
I can go back and get another job.

377
00:14:43,660 --> 00:14:45,460
And I've been reselling now,

378
00:14:45,460 --> 00:14:46,660
I wrote this down the other day actually,

379
00:14:46,660 --> 00:14:49,380
since January, 2021.

380
00:14:49,380 --> 00:14:50,620
As a full-time reseller.

381
00:14:50,620 --> 00:14:53,820
So I didn't start as a part-timer hobbyist.

382
00:14:53,820 --> 00:14:55,780
I just went full-time from day one.

383
00:14:56,860 --> 00:14:59,860
And yeah, I've learned so much during that time.

384
00:14:59,860 --> 00:15:02,820
I think you should, at the end of this year,

385
00:15:02,820 --> 00:15:05,220
I think you should bring the red puffer jacket back out

386
00:15:05,220 --> 00:15:06,940
when you hit all your goals for the year.

387
00:15:06,940 --> 00:15:09,180
And I kind of want to jump into that.

388
00:15:09,180 --> 00:15:11,620
You had a really good YouTube video talking about

389
00:15:11,620 --> 00:15:14,340
the reality of your business and where you need to be

390
00:15:14,340 --> 00:15:17,740
for it to make sense for you to continue reselling.

391
00:15:17,740 --> 00:15:21,500
And I think, I mean, I can't emphasize this enough.

392
00:15:21,500 --> 00:15:25,140
People like James say, okay, here's what my numbers are.

393
00:15:25,140 --> 00:15:26,540
Here's what I need to make.

394
00:15:26,540 --> 00:15:27,900
Is this making sense?

395
00:15:27,900 --> 00:15:29,540
James can sit here and say, okay,

396
00:15:29,540 --> 00:15:31,660
if I'm not making the money I should be making,

397
00:15:31,660 --> 00:15:32,500
then that's fine.

398
00:15:32,500 --> 00:15:33,900
I walk away from reselling.

399
00:15:33,900 --> 00:15:35,300
I think it was one of the best YouTube videos

400
00:15:35,300 --> 00:15:37,660
I've seen in a while when it comes to overall accountability

401
00:15:37,660 --> 00:15:39,340
of yourself in reselling.

402
00:15:39,340 --> 00:15:41,860
So like kind of give us a quick little synopsis

403
00:15:41,860 --> 00:15:44,820
of this year, what it means to you and reselling

404
00:15:44,820 --> 00:15:47,540
and whether or not you continue with this journey.

405
00:15:47,540 --> 00:15:48,380
Yeah, absolutely.

406
00:15:48,380 --> 00:15:51,300
That video was, it kind of just hit me

407
00:15:51,300 --> 00:15:52,660
that I needed to speak about that

408
00:15:52,660 --> 00:15:54,380
because I think it'd been playing on my mind

409
00:15:54,380 --> 00:15:56,500
without realizing for a while.

410
00:15:56,500 --> 00:15:59,020
And I kept burying my head in the sand,

411
00:15:59,020 --> 00:16:00,340
especially the back end of last year,

412
00:16:00,340 --> 00:16:01,900
feeling like, you know what?

413
00:16:01,900 --> 00:16:03,740
It's a bit slow at the moment, but it'll come.

414
00:16:03,740 --> 00:16:04,580
It'll work.

415
00:16:04,580 --> 00:16:05,400
It's gonna work out.

416
00:16:05,400 --> 00:16:06,380
It'll be fine.

417
00:16:06,380 --> 00:16:09,580
And then we had a phone call with our mortgage advisor

418
00:16:09,580 --> 00:16:11,700
when we come to remortgage on the house.

419
00:16:11,700 --> 00:16:14,820
And they said, you know, the rates have gone up in the UK.

420
00:16:14,820 --> 00:16:15,660
It's gonna go up.

421
00:16:15,660 --> 00:16:16,660
We're like, yeah, we expect it.

422
00:16:16,660 --> 00:16:18,420
And then she dropped the bombshell.

423
00:16:18,420 --> 00:16:20,700
500 pounds a month has gone up by.

424
00:16:21,580 --> 00:16:24,260
And that really hits home where you think

425
00:16:24,260 --> 00:16:25,740
if it's an extra a hundred pounds,

426
00:16:25,740 --> 00:16:27,300
you kind of say, I can find it.

427
00:16:27,300 --> 00:16:28,700
We can make it work.

428
00:16:28,700 --> 00:16:30,500
500 pound is a lot of money.

429
00:16:30,500 --> 00:16:33,020
So it kind of made it click with me to say,

430
00:16:33,020 --> 00:16:35,060
you need to really dig into your business

431
00:16:35,060 --> 00:16:36,260
and work out your numbers

432
00:16:36,260 --> 00:16:38,780
and work out whether you're just doing this for fun

433
00:16:38,780 --> 00:16:40,180
and you like the lifestyle

434
00:16:40,180 --> 00:16:42,940
or whether you're actually making it work as a business.

435
00:16:42,940 --> 00:16:46,860
And I was on a podcast with my friend, Luke.

436
00:16:46,860 --> 00:16:50,100
He does a podcast as well called Bold Clobber

437
00:16:50,100 --> 00:16:52,020
where we get together every Monday.

438
00:16:52,020 --> 00:16:53,540
And he was speaking about something

439
00:16:53,540 --> 00:16:54,700
and I was sitting there

440
00:16:54,700 --> 00:16:56,300
and something was just clicking in my head.

441
00:16:56,300 --> 00:16:57,580
And it just told me like,

442
00:16:57,580 --> 00:16:59,660
you need to really look at your business

443
00:16:59,660 --> 00:17:01,500
because it's not working right now.

444
00:17:01,500 --> 00:17:03,100
And I spoke to a couple of people,

445
00:17:03,100 --> 00:17:05,620
spoke to Mel back from burnout,

446
00:17:05,620 --> 00:17:09,580
spoke to the guys on the UK call in text group,

447
00:17:09,580 --> 00:17:10,540
spoke to tech.

448
00:17:10,540 --> 00:17:13,620
And I released that video the day after speaking to them guys

449
00:17:13,620 --> 00:17:16,260
basically saying, this is do or die for my business.

450
00:17:16,260 --> 00:17:17,820
If I do not turn things around,

451
00:17:17,820 --> 00:17:21,940
I am gonna have to go back to a job that I don't want to do

452
00:17:21,940 --> 00:17:24,900
to make reselling a hobby business of anything,

453
00:17:24,900 --> 00:17:26,380
which I did not want to do.

454
00:17:26,380 --> 00:17:27,980
I love doing this.

455
00:17:27,980 --> 00:17:30,180
From that moment there,

456
00:17:30,180 --> 00:17:33,100
I feel like it's changed for me.

457
00:17:33,100 --> 00:17:36,020
I think the way I look at reselling has changed

458
00:17:36,020 --> 00:17:38,780
from actually admitting that it wasn't working before.

459
00:17:38,780 --> 00:17:43,780
I'm focusing a lot more on ASP and sell through rate

460
00:17:44,620 --> 00:17:46,020
because I think for years

461
00:17:46,020 --> 00:17:48,500
I've ignored sell through rate especially.

462
00:17:48,500 --> 00:17:51,020
I will look on the eBay app and I will see,

463
00:17:51,020 --> 00:17:53,460
oh, okay, I brought this item for five pounds and look,

464
00:17:53,460 --> 00:17:56,100
oh, there's a couple that are sold for 40 pounds.

465
00:17:56,100 --> 00:17:58,260
And I probably ignored that out of the two

466
00:17:58,260 --> 00:18:00,220
that are sold for 40 pound,

467
00:18:00,220 --> 00:18:02,820
there's 80 listed that haven't sold.

468
00:18:02,820 --> 00:18:04,380
And I would still be like,

469
00:18:04,380 --> 00:18:06,380
yeah, but this is gonna be 40 pounds.

470
00:18:06,380 --> 00:18:07,820
So I'm focusing a lot more.

471
00:18:07,820 --> 00:18:10,420
I'm digging a bit deeper when it comes to buying.

472
00:18:10,420 --> 00:18:13,980
And I use the term on that video about being a busy fool.

473
00:18:13,980 --> 00:18:15,980
So I would sometimes,

474
00:18:15,980 --> 00:18:17,540
and Johnny's probably seen this from the group,

475
00:18:17,540 --> 00:18:19,340
there'll be times sometimes at midnight,

476
00:18:19,340 --> 00:18:21,980
I'd be listening, listening, listening away

477
00:18:21,980 --> 00:18:24,220
up until three, four in the morning,

478
00:18:24,220 --> 00:18:27,060
feeling like that's the only way to run a business.

479
00:18:27,060 --> 00:18:29,540
And then I speak to other people in the UK who say,

480
00:18:29,540 --> 00:18:33,180
I start at eight in the morning, I'm done by 11 o'clock

481
00:18:33,180 --> 00:18:36,180
and they're making five, six times the money I'm making.

482
00:18:36,180 --> 00:18:39,820
So you start to realise actually doing all this work

483
00:18:39,820 --> 00:18:42,620
is great, but you need it to pay off financially

484
00:18:42,620 --> 00:18:44,660
and where my business was, it wasn't paid.

485
00:18:46,060 --> 00:18:46,900
Very interesting.

486
00:18:46,900 --> 00:18:48,100
We have very similar backgrounds

487
00:18:48,100 --> 00:18:50,380
because I had a year of saving, well,

488
00:18:50,380 --> 00:18:53,020
I had a buyout which became my savings

489
00:18:53,020 --> 00:18:56,540
to give me a whole year to make or break reselling.

490
00:18:56,540 --> 00:18:58,620
And also I've also come to inclusion,

491
00:18:58,620 --> 00:18:59,900
ASP is fantastic,

492
00:18:59,900 --> 00:19:02,340
but sell through rate matters much, much more.

493
00:19:02,340 --> 00:19:07,340
And I think ASP only model can work.

494
00:19:07,420 --> 00:19:09,020
And I even text mentioned this,

495
00:19:09,020 --> 00:19:12,740
it's just how long do you wanna wait for it to start working?

496
00:19:12,740 --> 00:19:14,380
It very much can work, I believe.

497
00:19:14,380 --> 00:19:15,580
And I was seeing that in my business,

498
00:19:15,580 --> 00:19:17,580
but the sell through rate was just horrible.

499
00:19:17,580 --> 00:19:19,220
And I had to make some adjustments on my end

500
00:19:19,220 --> 00:19:20,260
as far as the books.

501
00:19:20,260 --> 00:19:22,460
Hello, Amazon, thank you very much.

502
00:19:24,500 --> 00:19:26,900
Yeah, and I'm still able to run my eBay store

503
00:19:26,900 --> 00:19:29,300
how I wanna run it with that slower moving stuff,

504
00:19:29,300 --> 00:19:31,860
but anything else just goes straight into Amazon.

505
00:19:31,860 --> 00:19:33,580
That was the way I was able to figure it out

506
00:19:33,580 --> 00:19:35,020
and stay in books.

507
00:19:35,020 --> 00:19:36,060
Because I was kind of like you,

508
00:19:36,060 --> 00:19:38,100
it was like, I can stay in books

509
00:19:38,100 --> 00:19:40,780
or I could do something else.

510
00:19:40,780 --> 00:19:42,060
And I really wanna stay in books

511
00:19:42,060 --> 00:19:43,820
because I do have a passion for it.

512
00:19:43,820 --> 00:19:45,140
Yeah.

513
00:19:45,140 --> 00:19:48,220
So here's the fun part question I have for you, James.

514
00:19:48,220 --> 00:19:49,340
Do you love clothes?

515
00:19:50,820 --> 00:19:53,380
This is the part I'd never thought I'd honestly say,

516
00:19:53,380 --> 00:19:57,260
because when I first started, zero passion for clothing.

517
00:19:57,260 --> 00:19:59,660
And that was part of the reason why I picked it as well

518
00:19:59,660 --> 00:20:00,500
in a strange way,

519
00:20:00,500 --> 00:20:03,060
because when I got sourcing,

520
00:20:03,060 --> 00:20:04,700
the amount of times I've brought things

521
00:20:04,700 --> 00:20:05,540
and I've said to myself,

522
00:20:05,540 --> 00:20:06,980
oh, I wanna keep that myself,

523
00:20:06,980 --> 00:20:08,460
wanna keep it myself.

524
00:20:08,460 --> 00:20:11,620
And we're resellers, the odd thing's okay,

525
00:20:11,620 --> 00:20:13,780
but when it turns out you've been to a car boot sale

526
00:20:13,780 --> 00:20:16,660
and out of the 10 things you brought, you're keeping four,

527
00:20:16,660 --> 00:20:17,660
it doesn't make sense.

528
00:20:17,660 --> 00:20:20,940
And so with clothing, it was always that thing of,

529
00:20:20,940 --> 00:20:22,740
I don't care, it doesn't matter

530
00:20:22,740 --> 00:20:25,380
whether it's a vintage 1970s t-shirt

531
00:20:25,380 --> 00:20:27,100
that's worth 500 pounds to someone else.

532
00:20:27,100 --> 00:20:29,500
To me, it's just a bit of rag.

533
00:20:29,500 --> 00:20:31,580
And within about two months of doing clothing,

534
00:20:31,580 --> 00:20:32,660
that's all changed.

535
00:20:32,660 --> 00:20:34,900
I now find clothing cool

536
00:20:34,900 --> 00:20:36,700
and I never thought I would before.

537
00:20:36,700 --> 00:20:38,660
So I showed you earlier,

538
00:20:38,660 --> 00:20:43,420
but an item I got the other day was a Guns N' Roses

539
00:20:43,420 --> 00:20:45,900
vintage tee from 1991.

540
00:20:45,900 --> 00:20:48,660
Now, beforehand, I don't care for that,

541
00:20:48,660 --> 00:20:51,340
but when I got that and when I sourced that online,

542
00:20:51,340 --> 00:20:53,100
I was super excited.

543
00:20:53,100 --> 00:20:55,620
Not as excited to say I'm gonna keep it for myself,

544
00:20:55,620 --> 00:20:57,900
but more excited to say there is clothing out there

545
00:20:57,900 --> 00:21:00,100
that is worth hundreds of pounds

546
00:21:00,100 --> 00:21:02,580
that people do not know the value for.

547
00:21:02,580 --> 00:21:07,020
So my passion for clothing has gone like sky high,

548
00:21:07,020 --> 00:21:10,900
but I wouldn't say I'm a clothing enthusiast.

549
00:21:10,900 --> 00:21:13,660
I don't get excited with new fashion.

550
00:21:13,660 --> 00:21:16,380
Honestly, Johnny, I get excited by money.

551
00:21:16,380 --> 00:21:17,300
There you go.

552
00:21:17,300 --> 00:21:20,780
And that is, I think as a reseller, what you need to be.

553
00:21:20,780 --> 00:21:23,660
I get excited when I hear the kaching on the phone,

554
00:21:23,660 --> 00:21:26,140
not excited to feel like I've got a vintage tee

555
00:21:26,140 --> 00:21:28,060
sitting in my storage, I've overpriced it,

556
00:21:28,060 --> 00:21:30,060
and how cool is it I've got a tee?

557
00:21:30,060 --> 00:21:32,340
So yeah, money is the real excitement.

558
00:21:33,420 --> 00:21:34,260
Absolutely.

559
00:21:34,260 --> 00:21:36,020
I love books, but I love the money more.

560
00:21:36,020 --> 00:21:37,300
Yes.

561
00:21:37,300 --> 00:21:39,740
And then I think Mr. Mike down here,

562
00:21:39,740 --> 00:21:42,100
I mean, he said it before, do you love books, Mike,

563
00:21:42,100 --> 00:21:43,100
or do you love the money books?

564
00:21:43,100 --> 00:21:45,380
I am literally the carbon copy of James

565
00:21:45,380 --> 00:21:46,620
in the book category.

566
00:21:46,620 --> 00:21:48,460
I love the money books make me,

567
00:21:48,460 --> 00:21:51,020
and the knowledge that comes with it is exciting, right?

568
00:21:51,020 --> 00:21:53,740
You learn as you go, but I'm the same boat as him.

569
00:21:53,740 --> 00:21:55,300
I come across something and I'm like,

570
00:21:55,300 --> 00:21:56,420
okay, yeah, this is cool.

571
00:21:56,420 --> 00:21:59,540
I know it's worth $500, I'll buy it for a dollar,

572
00:21:59,540 --> 00:22:02,780
but there's not a single thought that comes into my mind.

573
00:22:02,780 --> 00:22:05,020
Am I gonna keep this book for myself?

574
00:22:05,020 --> 00:22:07,900
I had huge buys of Stephen King first edition,

575
00:22:07,900 --> 00:22:09,980
every single Stephen King first edition,

576
00:22:09,980 --> 00:22:12,980
and anybody out there, everybody comment on YouTube channel,

577
00:22:12,980 --> 00:22:14,260
oh, keep this for yourself.

578
00:22:14,260 --> 00:22:16,620
I'm like, care about Stephen King?

579
00:22:16,620 --> 00:22:19,060
These books are like $100 bills, get them out of here.

580
00:22:19,060 --> 00:22:20,820
Give me the money instead of the stuff.

581
00:22:20,820 --> 00:22:22,580
So I'm the same exact way.

582
00:22:22,580 --> 00:22:23,420
And I think you're right.

583
00:22:23,420 --> 00:22:26,620
And the business sense to just look at yourself

584
00:22:26,620 --> 00:22:28,060
in the mirror as a reseller,

585
00:22:28,060 --> 00:22:31,860
I think that already put you ahead of like 99.9% of resellers

586
00:22:31,860 --> 00:22:34,340
because at the end of the day, let's face it,

587
00:22:34,340 --> 00:22:35,820
a lot of people were you selling,

588
00:22:35,820 --> 00:22:37,380
they say they're part-time full-time,

589
00:22:37,380 --> 00:22:38,700
but they don't treat it like a business.

590
00:22:38,700 --> 00:22:40,660
And they don't even know the beginning of the numbers

591
00:22:40,660 --> 00:22:43,700
to kind of understand if it even is a feasible business.

592
00:22:43,700 --> 00:22:45,500
So I'm excited to see.

593
00:22:45,500 --> 00:22:47,740
And when your backs against the wall, dude,

594
00:22:47,740 --> 00:22:49,780
it's like all of a sudden, there's a new James,

595
00:22:49,780 --> 00:22:51,140
all of a sudden things are kicking,

596
00:22:51,140 --> 00:22:52,740
you're finding better stuff magically

597
00:22:52,740 --> 00:22:54,180
because you're putting in the time.

598
00:22:54,180 --> 00:22:55,540
There's no luck in reselling.

599
00:22:55,540 --> 00:22:57,980
You create your own luck and I think in reselling

600
00:22:57,980 --> 00:23:00,300
by putting in the work and the effort.

601
00:23:00,300 --> 00:23:01,140
Yeah.

602
00:23:01,140 --> 00:23:02,620
Sorry, go ahead James.

603
00:23:02,620 --> 00:23:03,460
No, I was just gonna say,

604
00:23:03,460 --> 00:23:05,860
I think what you said there about treating it as a business,

605
00:23:05,860 --> 00:23:08,820
I think you're spot on with that Mike,

606
00:23:08,820 --> 00:23:11,940
because I think a lot of people don't see it as a business.

607
00:23:11,940 --> 00:23:14,100
They see it as like a hobby lifestyle,

608
00:23:14,100 --> 00:23:15,700
especially when you're doing it full-time.

609
00:23:15,700 --> 00:23:17,620
And I've been guilty of this.

610
00:23:17,620 --> 00:23:20,700
And to be fair, even as the backend of last year,

611
00:23:20,700 --> 00:23:24,060
I probably still treated it as just getting by

612
00:23:24,060 --> 00:23:25,500
instead of actually building a business.

613
00:23:25,500 --> 00:23:27,540
As long as I've got enough to pay the bills,

614
00:23:27,540 --> 00:23:29,180
like I've got a good lifestyle.

615
00:23:29,180 --> 00:23:30,460
I could do my YouTube on the side.

616
00:23:30,460 --> 00:23:32,700
It's great compared to seeing as a business.

617
00:23:32,700 --> 00:23:36,180
And when I first started reselling what you said there,

618
00:23:36,180 --> 00:23:39,260
I used to have like a hundred pound eBay day

619
00:23:39,260 --> 00:23:40,540
and that'd be it.

620
00:23:40,540 --> 00:23:42,460
I would go inside, I would put Netflix on,

621
00:23:42,460 --> 00:23:43,580
I would chill out and I would say,

622
00:23:43,580 --> 00:23:46,180
I'm winning at life a hundred pound day and that's it.

623
00:23:46,180 --> 00:23:48,900
And then you start having the 30 pound days

624
00:23:48,900 --> 00:23:49,900
because you're not putting the effort in

625
00:23:49,900 --> 00:23:52,340
and the 20 pound days and you have a blank day.

626
00:23:52,340 --> 00:23:55,140
And you start saying, oh, why is eBay punishing me?

627
00:23:55,140 --> 00:23:56,340
Well, that's why.

628
00:23:56,340 --> 00:23:59,140
So now I don't ever look at my numbers

629
00:23:59,140 --> 00:24:00,620
on a day-by-day basis anymore.

630
00:24:00,620 --> 00:24:01,980
For me, that was soul destroying

631
00:24:01,980 --> 00:24:04,540
because eBay can be so up and down.

632
00:24:04,540 --> 00:24:07,420
Now I look at the weekly numbers and I say,

633
00:24:07,420 --> 00:24:09,220
was this week better than last week?

634
00:24:09,220 --> 00:24:10,780
And if so, why so?

635
00:24:10,780 --> 00:24:13,100
If it wasn't, what more could I have done?

636
00:24:13,100 --> 00:24:16,580
Have I dropped the quality of the items

637
00:24:16,580 --> 00:24:18,020
I'm putting into the store?

638
00:24:18,020 --> 00:24:19,460
Am I not actually concentrating

639
00:24:19,460 --> 00:24:21,940
on making sure everything hits my metrics?

640
00:24:21,940 --> 00:24:23,700
So that's been a real big change for me now

641
00:24:23,700 --> 00:24:27,260
to actually focus on it and look at it as a business

642
00:24:27,260 --> 00:24:28,980
and not a hobby lifestyle

643
00:24:28,980 --> 00:24:31,980
because you can have it as a hobby lifestyle, I think,

644
00:24:31,980 --> 00:24:33,700
but then you've got to have income coming in

645
00:24:33,700 --> 00:24:36,420
from somewhere else to allow you to have that hobbyist.

646
00:24:36,420 --> 00:24:37,420
I haven't got that.

647
00:24:38,940 --> 00:24:41,900
So I meant to ask this to Tom, but I'm gonna ask it to you.

648
00:24:41,900 --> 00:24:44,060
So in our group, I've noted,

649
00:24:44,060 --> 00:24:46,740
how hard was the transition jumping in a group

650
00:24:46,740 --> 00:24:49,420
full of Americans, I guess, the best way to put it?

651
00:24:49,420 --> 00:24:51,580
Because again, we use words like,

652
00:24:51,580 --> 00:24:53,500
everybody can understand each other mostly,

653
00:24:53,500 --> 00:24:55,260
but sometimes there's a couple of words here and there.

654
00:24:55,260 --> 00:24:56,580
It's like, I don't know what it means,

655
00:24:56,580 --> 00:24:59,180
the whole context of this conversation.

656
00:24:59,180 --> 00:25:00,940
Yeah, I put it off for ages

657
00:25:00,940 --> 00:25:04,980
and I discovered the group when it was obviously Chris's group,

658
00:25:04,980 --> 00:25:06,500
Daly or Feynman.

659
00:25:06,500 --> 00:25:08,100
That's when I first discovered the group.

660
00:25:08,100 --> 00:25:10,060
And it's really funny,

661
00:25:10,060 --> 00:25:13,260
tech was an unknown thing to me at that point,

662
00:25:13,260 --> 00:25:14,940
because you'd heard his name.

663
00:25:14,940 --> 00:25:17,020
And the reason I joined the group actually is,

664
00:25:17,020 --> 00:25:19,740
I used to drive to the car booths on a Saturday

665
00:25:19,740 --> 00:25:21,220
and on YouTube on the way,

666
00:25:21,220 --> 00:25:25,380
I would listen to the podcast for the first half an hour.

667
00:25:25,380 --> 00:25:27,020
And they would always cut off and it would say,

668
00:25:27,020 --> 00:25:29,740
if you want more, basically join the group.

669
00:25:29,740 --> 00:25:30,900
And I thought, what am I missing?

670
00:25:30,900 --> 00:25:31,980
What more is there?

671
00:25:31,980 --> 00:25:34,420
This is great, but what more is there?

672
00:25:34,420 --> 00:25:37,340
And on one of the Wednesday lives,

673
00:25:37,340 --> 00:25:39,940
I saw someone from the UK who's not in the group anymore,

674
00:25:39,940 --> 00:25:42,380
his name's Tom, I don't know if he's resigning anymore.

675
00:25:42,380 --> 00:25:45,660
And he was from the UK and I reached out to him and said,

676
00:25:45,660 --> 00:25:46,900
it's an American group.

677
00:25:46,900 --> 00:25:48,820
Are you getting value as a UK person?

678
00:25:48,820 --> 00:25:50,700
And he said to me, it's great, come and join.

679
00:25:50,700 --> 00:25:54,540
Because although it is mostly American people in the group,

680
00:25:54,540 --> 00:25:56,540
a lot of it is relatable to the UK.

681
00:25:56,540 --> 00:25:59,620
Yes, there's sometimes in calls where,

682
00:25:59,620 --> 00:26:02,060
a lot of the stuff we cannot find in the UK

683
00:26:02,060 --> 00:26:02,980
and it's not relatable,

684
00:26:02,980 --> 00:26:06,980
but lots of the processes and nuances around business,

685
00:26:06,980 --> 00:26:09,020
it doesn't matter, I believe what country you're in,

686
00:26:09,020 --> 00:26:11,860
you can make it into your own thing.

687
00:26:11,860 --> 00:26:13,700
So I joined the group and yeah,

688
00:26:13,700 --> 00:26:16,820
I've been in the group now over two years.

689
00:26:16,820 --> 00:26:20,500
I've been in the group and I've learned so much.

690
00:26:20,500 --> 00:26:21,860
I've made lots of friends,

691
00:26:21,860 --> 00:26:24,780
I've made lots of business connections.

692
00:26:24,780 --> 00:26:28,660
And now I host the UK call and I co-host the YouTube call

693
00:26:28,660 --> 00:26:30,660
with Mel back from Burnout as well.

694
00:26:30,660 --> 00:26:32,660
So yeah, I love being in it.

695
00:26:32,660 --> 00:26:35,100
I love the fact that you can go in there

696
00:26:35,100 --> 00:26:37,780
and reselling is a very lonely job.

697
00:26:37,780 --> 00:26:39,140
I think a lot of people find that

698
00:26:39,140 --> 00:26:40,300
you're in your own head space.

699
00:26:40,300 --> 00:26:43,620
And for me going from working in the business,

700
00:26:43,620 --> 00:26:46,780
speaking with hundreds of people on a daily basis

701
00:26:46,780 --> 00:26:47,780
in recruitment,

702
00:26:47,780 --> 00:26:50,340
managing recruitment process for a big company

703
00:26:50,340 --> 00:26:53,020
to then coming down my little shed and sitting here.

704
00:26:53,020 --> 00:26:55,580
There's only so many podcasts and Spotify

705
00:26:55,580 --> 00:26:57,060
and YouTube you can watch.

706
00:26:57,060 --> 00:26:59,180
So I like going in and just having that interaction

707
00:26:59,180 --> 00:27:00,460
to be able to ask questions.

708
00:27:00,460 --> 00:27:03,700
So yeah, I think regardless whether you're from America

709
00:27:03,700 --> 00:27:05,580
or anywhere else, there's value in the group,

710
00:27:05,580 --> 00:27:07,740
regardless of what country you're in.

711
00:27:07,740 --> 00:27:09,780
So I'm gonna ask this question to both of you

712
00:27:09,780 --> 00:27:10,860
because it doesn't really apply to me

713
00:27:10,860 --> 00:27:12,700
because I don't really have my own YouTube channel

714
00:27:12,700 --> 00:27:14,820
outside of appearing on this of course.

715
00:27:14,820 --> 00:27:17,140
So how is the reselling balance,

716
00:27:17,140 --> 00:27:21,180
the family balance and then the YouTube balance,

717
00:27:21,180 --> 00:27:23,140
how does that work for you guys?

718
00:27:23,140 --> 00:27:24,140
I'll go first James,

719
00:27:24,140 --> 00:27:26,700
cause then you can kind of lead us into your YouTube journey

720
00:27:26,700 --> 00:27:27,620
and everything.

721
00:27:27,620 --> 00:27:29,580
For me, it's YouTube,

722
00:27:29,580 --> 00:27:33,180
it's not a money making tool by any means necessary

723
00:27:33,180 --> 00:27:34,020
out there.

724
00:27:34,020 --> 00:27:36,460
So anybody that resells and does YouTube,

725
00:27:36,460 --> 00:27:38,780
if you think it's going to be another income stream,

726
00:27:38,780 --> 00:27:42,260
it's possible, but we're talking years and years,

727
00:27:42,260 --> 00:27:45,140
hundreds, hundreds of videos.

728
00:27:45,140 --> 00:27:49,900
It does require you to have a schedule that is airtight

729
00:27:49,900 --> 00:27:53,020
because as a full-time reseller like me and James,

730
00:27:53,020 --> 00:27:54,540
if we're not making money from YouTube,

731
00:27:54,540 --> 00:27:56,180
but we're making money from reselling,

732
00:27:56,180 --> 00:27:59,980
we can't trade off reselling time for YouTube time.

733
00:27:59,980 --> 00:28:01,540
It's all a balancing act.

734
00:28:01,540 --> 00:28:04,460
And I think a lot of it is sight unseen

735
00:28:04,460 --> 00:28:05,700
when it comes to YouTube, you just think,

736
00:28:05,700 --> 00:28:09,580
oh, we just recorded this video, uploaded it right away,

737
00:28:09,580 --> 00:28:11,820
no editing, no behind the scenes costs.

738
00:28:11,820 --> 00:28:14,620
And YouTube pays you thousands of dollars a month.

739
00:28:14,620 --> 00:28:16,100
Here to tell you that it's not the case,

740
00:28:16,100 --> 00:28:18,180
but it is very interesting.

741
00:28:18,180 --> 00:28:20,260
James, like give us a little bit insight

742
00:28:20,260 --> 00:28:21,900
why you got into YouTube.

743
00:28:21,900 --> 00:28:23,860
What does the future of YouTube look like for you?

744
00:28:23,860 --> 00:28:25,940
Is it something you're going to continue to do?

745
00:28:25,940 --> 00:28:28,420
Yeah, so take us away on your YouTube journey.

746
00:28:28,420 --> 00:28:30,180
Yeah, Mike, you're spot on there.

747
00:28:30,180 --> 00:28:34,620
I think a lot of people see YouTube as a bit of a quick win,

748
00:28:34,620 --> 00:28:36,460
get rich quick scheme kind of thing.

749
00:28:36,460 --> 00:28:37,860
And it's really not.

750
00:28:37,860 --> 00:28:40,020
YouTube takes so much time.

751
00:28:40,020 --> 00:28:43,460
And I say this now from someone who now creates

752
00:28:43,460 --> 00:28:45,140
compared to where I used to watch videos,

753
00:28:45,140 --> 00:28:48,100
because when you watch a 10 minute video,

754
00:28:48,100 --> 00:28:50,340
you don't appreciate that 10 minute video

755
00:28:50,340 --> 00:28:53,460
might have took that creator six, seven, eight hours

756
00:28:53,460 --> 00:28:54,780
to put together.

757
00:28:54,780 --> 00:28:58,180
Filming from editing, from the audio, from the cuts,

758
00:28:58,180 --> 00:29:00,220
from everything that goes involved into it.

759
00:29:00,220 --> 00:29:03,340
And now I realize that more so on the True Crime Channel,

760
00:29:03,340 --> 00:29:04,580
I'll speak about that shortly.

761
00:29:04,580 --> 00:29:07,660
But the reason I got into YouTube is,

762
00:29:07,660 --> 00:29:11,460
I wanted to kind of share and just put it out there

763
00:29:11,460 --> 00:29:15,500
what I'm doing, because I watched a lot of the UK YouTubers

764
00:29:15,500 --> 00:29:17,140
who've done reselling.

765
00:29:17,140 --> 00:29:18,540
And I thought there's a gap in the market.

766
00:29:18,540 --> 00:29:22,660
There's something else I could offer to that community.

767
00:29:22,660 --> 00:29:24,140
And the reason I started it honestly,

768
00:29:24,140 --> 00:29:26,860
was because I was a bit bored with just doing eBay.

769
00:29:26,860 --> 00:29:29,260
I wanted a hobby alongside eBay.

770
00:29:29,260 --> 00:29:30,460
And that's how it started.

771
00:29:30,460 --> 00:29:32,540
And I was quite fortunate on my channel,

772
00:29:32,540 --> 00:29:36,900
because I had a video early on the journey that went viral.

773
00:29:36,900 --> 00:29:38,900
It was a car boot sale video.

774
00:29:38,900 --> 00:29:42,620
When I recorded it, didn't think anything of it at the time.

775
00:29:42,620 --> 00:29:45,420
The first couple of days was just normal views.

776
00:29:45,420 --> 00:29:48,900
And then it gained, I think about 130,000 views

777
00:29:48,900 --> 00:29:50,820
in just over 24 hours.

778
00:29:50,820 --> 00:29:53,060
It literally went from normal to blowing up.

779
00:29:54,060 --> 00:29:56,060
And it got me monetized.

780
00:29:56,060 --> 00:29:58,020
That one video got me monetized on YouTube,

781
00:29:58,020 --> 00:29:59,780
which is great, because then you start earning money

782
00:29:59,780 --> 00:30:01,340
from your videos.

783
00:30:01,340 --> 00:30:02,820
But it was probably the worst thing

784
00:30:02,820 --> 00:30:05,180
that could ever happen to me, looking back now,

785
00:30:05,180 --> 00:30:09,380
because after that video, I sat there and I said to myself,

786
00:30:09,380 --> 00:30:10,780
YouTube's easy.

787
00:30:10,780 --> 00:30:13,580
Why aren't everyone smashing on YouTube?

788
00:30:13,580 --> 00:30:16,660
You put out your next video, performs as normal.

789
00:30:16,660 --> 00:30:19,580
Put out your one after, performs as normal.

790
00:30:19,580 --> 00:30:21,740
Oh, okay, YouTube's not that easy.

791
00:30:21,740 --> 00:30:24,100
But I also made the mistake of what you said there, Mike,

792
00:30:24,100 --> 00:30:25,420
as well, it's really important for anyone

793
00:30:25,420 --> 00:30:28,260
who's thinking about maybe starting a channel.

794
00:30:28,260 --> 00:30:33,300
I then went to 90% of my time was spent on YouTube,

795
00:30:33,300 --> 00:30:34,900
10% on eBay.

796
00:30:34,900 --> 00:30:36,300
And you'll spot on what you say there,

797
00:30:36,300 --> 00:30:38,700
YouTube does not pay the bills.

798
00:30:38,700 --> 00:30:41,460
I've done a video on my channel actually showing people

799
00:30:41,460 --> 00:30:44,140
how much I earned from YouTube in my first year.

800
00:30:44,140 --> 00:30:48,620
It's nowhere near compared to what you can earn doing eBay.

801
00:30:48,620 --> 00:30:49,740
But why do I continue it?

802
00:30:49,740 --> 00:30:52,180
Because I get that question a lot, because I love it.

803
00:30:52,180 --> 00:30:54,300
I think you've got to be passionate about it.

804
00:30:54,300 --> 00:30:56,580
I think you've got to commit the time.

805
00:30:56,580 --> 00:30:58,060
And what you were saying there, Mike,

806
00:30:58,060 --> 00:31:00,700
about where you put your energy.

807
00:31:00,700 --> 00:31:02,300
I watched a great podcast the other day

808
00:31:02,300 --> 00:31:05,060
with someone in the UK called Stephen Bartlett.

809
00:31:05,060 --> 00:31:07,620
He goes by the diary of the CEO.

810
00:31:07,620 --> 00:31:10,060
And he was speaking about chips

811
00:31:10,060 --> 00:31:15,060
and how you have 24 poker chips, eight are taken up by sleep

812
00:31:15,060 --> 00:31:17,620
and where did the rest of your chips go?

813
00:31:17,620 --> 00:31:19,580
And I started to look at my own chips and say,

814
00:31:19,580 --> 00:31:24,580
well, actually, these go to eBay, these go to YouTube

815
00:31:24,580 --> 00:31:27,380
and then a small amount is left over for myself,

816
00:31:27,380 --> 00:31:29,420
my own physical health and mental health

817
00:31:29,420 --> 00:31:31,660
and also family type.

818
00:31:31,660 --> 00:31:33,900
Like half a chip maybe.

819
00:31:33,900 --> 00:31:36,100
So that's again, something I'm trying to change this year

820
00:31:36,100 --> 00:31:38,820
to actually say, I've got enough chips to spread out,

821
00:31:38,820 --> 00:31:42,220
but to try and be a little bit selfish of my own time

822
00:31:42,220 --> 00:31:45,340
so I can make sure I'm the best version of myself

823
00:31:45,340 --> 00:31:47,940
for everyone in YouTube land as well.

824
00:31:47,940 --> 00:31:50,140
Because I think when it comes to making content,

825
00:31:50,140 --> 00:31:54,100
if your passion is not there for it, it shows in the videos

826
00:31:54,100 --> 00:31:55,700
and the audience isn't stupid.

827
00:31:56,980 --> 00:31:58,900
I mean, this is very interesting perspective to me

828
00:31:58,900 --> 00:32:00,940
because I thought about doing YouTube.

829
00:32:00,940 --> 00:32:03,020
I never told you this, Mike, but then again, I look,

830
00:32:03,020 --> 00:32:04,740
I know how much time it takes

831
00:32:04,740 --> 00:32:06,180
because I've worked with clients helping them

832
00:32:06,180 --> 00:32:07,380
with their YouTube channel.

833
00:32:07,380 --> 00:32:09,820
I talked to Mike about how long it takes him.

834
00:32:09,820 --> 00:32:13,260
I just can't squeeze it in with my reselling life at all.

835
00:32:13,260 --> 00:32:15,700
And then I also think about on personal level,

836
00:32:15,700 --> 00:32:17,300
the amount of hours I'm working now

837
00:32:17,300 --> 00:32:18,740
and still continuing to work,

838
00:32:18,740 --> 00:32:20,980
as far as a future family goes,

839
00:32:20,980 --> 00:32:22,900
they would have to be very tolerant of me

840
00:32:22,900 --> 00:32:24,980
and very patient of me or I gotta give up

841
00:32:24,980 --> 00:32:27,820
a little give and take there, obviously.

842
00:32:27,820 --> 00:32:29,780
So it's very interesting hearing from you guys

843
00:32:29,780 --> 00:32:30,780
who are doing all three.

844
00:32:30,780 --> 00:32:32,380
I can't imagine doing all three

845
00:32:32,380 --> 00:32:35,060
at this stage of my journey, honestly.

846
00:32:35,060 --> 00:32:38,620
It's, I guess it also motivates us,

847
00:32:38,620 --> 00:32:40,060
at least it motivates me.

848
00:32:40,060 --> 00:32:42,740
I can't be on YouTube if I got no sales, right?

849
00:32:42,740 --> 00:32:44,900
If I got the lamest business, right?

850
00:32:44,900 --> 00:32:48,820
I'm not gonna do YouTube if my reselling business sucks.

851
00:32:48,820 --> 00:32:51,220
So I guess it kind of holds me accountable to others.

852
00:32:51,220 --> 00:32:55,220
Because you get people that, long-time subscribers,

853
00:32:55,220 --> 00:32:57,180
I have the membership, tons of people over in the Discord.

854
00:32:57,180 --> 00:32:59,860
It's like accountability and I don't know,

855
00:32:59,860 --> 00:33:02,300
like motivation when you're around other resellers

856
00:33:02,300 --> 00:33:05,940
because I don't wanna be the crappiest used book guy, right?

857
00:33:05,940 --> 00:33:07,540
I wanna be at least a half decent guy

858
00:33:07,540 --> 00:33:08,820
that falls somewhere in the middle.

859
00:33:08,820 --> 00:33:10,740
So that's also kind of an aspect of it

860
00:33:10,740 --> 00:33:12,380
and helping others, right?

861
00:33:12,380 --> 00:33:15,900
We both work jobs where we didn't like.

862
00:33:15,900 --> 00:33:16,940
I'm curious about that.

863
00:33:16,940 --> 00:33:18,260
Did you put in a notice

864
00:33:18,260 --> 00:33:20,300
or did you just quit on that lunch break?

865
00:33:21,340 --> 00:33:22,780
Yeah, it's a funny story.

866
00:33:22,780 --> 00:33:26,500
So in the UK with regards to notice periods,

867
00:33:26,500 --> 00:33:28,580
for your first three months,

868
00:33:28,580 --> 00:33:30,220
you are on the probation period

869
00:33:30,220 --> 00:33:32,660
where either party gives a week's notice

870
00:33:32,660 --> 00:33:34,460
and that's it, if it doesn't work out.

871
00:33:34,460 --> 00:33:37,660
So yeah, I went into the office and I said to them,

872
00:33:37,660 --> 00:33:39,340
look, really not a joining.

873
00:33:39,340 --> 00:33:40,180
I wanna be honest with you.

874
00:33:40,180 --> 00:33:42,660
I don't want you guys to spend any more time

875
00:33:42,660 --> 00:33:44,620
wasting training me.

876
00:33:44,620 --> 00:33:45,460
And they said to me,

877
00:33:45,460 --> 00:33:47,700
well, we're just gonna get you to do the mundane tasks

878
00:33:47,700 --> 00:33:49,660
then for the next week.

879
00:33:49,660 --> 00:33:52,100
And I was like, but I don't want to be here.

880
00:33:52,100 --> 00:33:55,260
I'm just in a way, I'm not gonna show up.

881
00:33:55,260 --> 00:33:56,080
And they said to me,

882
00:33:56,080 --> 00:33:57,420
well, you're not gonna get paid for the week.

883
00:33:57,420 --> 00:33:59,620
And I was like, no issue whatsoever.

884
00:33:59,620 --> 00:34:02,980
Because I'm one of them who,

885
00:34:02,980 --> 00:34:05,140
I always said to people as well when I hired them

886
00:34:05,140 --> 00:34:06,900
and when I used to do HR meetings,

887
00:34:06,900 --> 00:34:09,180
the moment you wake up in the morning

888
00:34:09,180 --> 00:34:10,340
and you look in that mirror

889
00:34:10,340 --> 00:34:12,740
while you're brushing your teeth and you say,

890
00:34:12,740 --> 00:34:15,140
I don't wanna do this anymore,

891
00:34:15,140 --> 00:34:16,460
it's time for a change.

892
00:34:16,460 --> 00:34:17,860
It's time to find a new job.

893
00:34:17,860 --> 00:34:20,540
It's time to find something you're passionate about.

894
00:34:20,540 --> 00:34:23,340
So I said to them, happy to work the week notice,

895
00:34:23,340 --> 00:34:25,140
went in for the first three days.

896
00:34:25,140 --> 00:34:27,980
And in the end, they just said to me, just go.

897
00:34:27,980 --> 00:34:28,900
And I said, no worries.

898
00:34:28,900 --> 00:34:30,380
And they were like, we're not gonna pay you for the rest.

899
00:34:30,380 --> 00:34:32,540
No worries, I don't want paying at all.

900
00:34:32,540 --> 00:34:35,260
It's not about the money, it's about the happiness for me.

901
00:34:35,260 --> 00:34:38,140
And yeah, I came home and literally it was,

902
00:34:38,140 --> 00:34:40,540
that was on the Thursday.

903
00:34:40,540 --> 00:34:41,540
And I think it was the Monday.

904
00:34:41,540 --> 00:34:44,300
I was just like, right, I'm a full-time eBay reseller,

905
00:34:44,300 --> 00:34:46,660
sat in the shares and I said, what do I do now?

906
00:34:47,940 --> 00:34:49,860
So yeah, it's one of them.

907
00:34:49,860 --> 00:34:53,100
So a lot of our listeners are Amazon listeners.

908
00:34:53,100 --> 00:34:55,980
So can you tell us about the UK experience dance?

909
00:34:55,980 --> 00:34:59,220
Because in Australia, it's not really as big here in the US.

910
00:34:59,220 --> 00:35:02,020
How is it in the UK there?

911
00:35:02,020 --> 00:35:03,580
Huge, huge in the UK.

912
00:35:03,580 --> 00:35:07,300
I would say even myself as an eBay reseller,

913
00:35:07,300 --> 00:35:12,300
95% of my purchases are from Amazon over eBay.

914
00:35:12,420 --> 00:35:15,180
I don't really shop on eBay as a buyer.

915
00:35:15,180 --> 00:35:18,580
And the reason being is, with our Amazon in the UK,

916
00:35:18,580 --> 00:35:19,980
probably similar to US,

917
00:35:19,980 --> 00:35:23,340
I could order something this morning at 10 a.m.

918
00:35:23,340 --> 00:35:26,140
and it could be with me on some of the items.

919
00:35:26,140 --> 00:35:28,580
It could be with me this evening by 10 p.m.

920
00:35:28,580 --> 00:35:30,620
And I think we're living in that world at the moment

921
00:35:30,620 --> 00:35:33,340
where we all want things yesterday.

922
00:35:33,340 --> 00:35:37,060
So I know with eBay, I do same day dispatch

923
00:35:37,060 --> 00:35:40,660
because as a buyer myself, if I buy something,

924
00:35:40,660 --> 00:35:42,780
I wanna get it as quick as possible.

925
00:35:42,780 --> 00:35:45,700
So yeah, Amazon's super popular in the UK.

926
00:35:45,700 --> 00:35:48,060
I haven't sold on it personally.

927
00:35:48,060 --> 00:35:50,820
I don't think, I mean, used clothing is not a thing

928
00:35:50,820 --> 00:35:52,620
really of Amazon in the UK.

929
00:35:52,620 --> 00:35:54,540
But other categories is really popular.

930
00:35:54,540 --> 00:35:55,740
I know when I was doing books,

931
00:35:55,740 --> 00:35:58,500
I did consider using,

932
00:35:58,500 --> 00:36:01,100
filled by Amazon and sending the books in.

933
00:36:01,100 --> 00:36:04,660
But our book market in the UK is so saturated

934
00:36:04,660 --> 00:36:06,380
because we've got companies like World of Books

935
00:36:06,380 --> 00:36:09,460
who just kill the market with low prices.

936
00:36:09,460 --> 00:36:11,540
So when I was doing the books,

937
00:36:11,540 --> 00:36:14,660
eBay was working well with the bundle side, you know?

938
00:36:14,660 --> 00:36:16,180
So not the individual books as such,

939
00:36:16,180 --> 00:36:19,940
but bundling up authors was doing really well for me.

940
00:36:19,940 --> 00:36:20,780
That's what I was gonna ask

941
00:36:20,780 --> 00:36:22,420
because I do know you've resold books before.

942
00:36:22,420 --> 00:36:25,060
If you ever tried to sell books on Amazon or not.

943
00:36:26,540 --> 00:36:28,660
Yeah, no, I haven't done it on Amazon.

944
00:36:28,660 --> 00:36:32,260
All the books I'd done were solely eBay.

945
00:36:32,260 --> 00:36:33,700
Gotcha.

946
00:36:33,700 --> 00:36:36,220
Sounds like the dark side

947
00:36:36,220 --> 00:36:38,300
is right behind that curtain behind you.

948
00:36:38,300 --> 00:36:40,060
And one day you're gonna open that curtain

949
00:36:40,060 --> 00:36:43,020
and you're gonna come right on over to the Amazon.

950
00:36:43,020 --> 00:36:45,620
The smiley face of Amazon behind the curtain there.

951
00:36:45,620 --> 00:36:46,460
You know what?

952
00:36:46,460 --> 00:36:47,820
Someone said to me on my live the other day,

953
00:36:47,820 --> 00:36:50,940
they were like, are you in the women's changing room?

954
00:36:50,940 --> 00:36:52,300
And you know when someone says something

955
00:36:52,300 --> 00:36:54,180
in your comments on your live and you sit down,

956
00:36:54,180 --> 00:36:56,180
I read the comments twice and I was like,

957
00:36:57,180 --> 00:36:58,020
women's changing room.

958
00:36:58,020 --> 00:36:59,980
And then everyone else said, yeah, the curtain behind you.

959
00:36:59,980 --> 00:37:02,700
This curtain behind me actually hides

960
00:37:02,700 --> 00:37:04,580
some of the mess I'm dealing with at the moment.

961
00:37:04,580 --> 00:37:06,020
So I'll pull it across to make it look like

962
00:37:06,020 --> 00:37:06,940
I'm really organized.

963
00:37:06,940 --> 00:37:08,300
But if I open it up,

964
00:37:08,300 --> 00:37:10,660
it's just stacks of clothing that need processing.

965
00:37:10,660 --> 00:37:14,540
See, Amazon, they got all my stuff at their warehouse, dude.

966
00:37:14,540 --> 00:37:16,260
I don't need curtains, although I do have

967
00:37:16,260 --> 00:37:17,660
a fake background behind me.

968
00:37:17,660 --> 00:37:18,500
But yeah.

969
00:37:18,500 --> 00:37:19,580
I can't tell if we're soft selling

970
00:37:19,580 --> 00:37:21,620
or hard selling Amazon to him right now.

971
00:37:21,620 --> 00:37:25,540
Is he sponsored by Amazon, this podcast?

972
00:37:25,540 --> 00:37:26,380
They sent us to convince him.

973
00:37:26,380 --> 00:37:28,220
They got the money for it.

974
00:37:28,220 --> 00:37:30,300
Like convince this guy to sell on Amazon.

975
00:37:30,300 --> 00:37:31,500
He's got a YouTube channel.

976
00:37:31,500 --> 00:37:33,580
We need more publicity.

977
00:37:33,580 --> 00:37:35,300
Plug more Amazon, there you go.

978
00:37:35,300 --> 00:37:39,100
So your YouTube career, you like helping others.

979
00:37:39,100 --> 00:37:41,380
Now you're doing this true crime stuff.

980
00:37:41,380 --> 00:37:43,260
I personally love true crime.

981
00:37:43,260 --> 00:37:46,140
I'm like unsolved mystery, true crime every single night.

982
00:37:46,140 --> 00:37:47,300
That's like what puts me to sleep.

983
00:37:47,300 --> 00:37:48,940
So give me a little bit insight on that.

984
00:37:48,940 --> 00:37:50,420
And like why you decided is,

985
00:37:50,420 --> 00:37:51,980
I guess the overall thing is,

986
00:37:51,980 --> 00:37:54,820
do you want YouTube to be another stream of income

987
00:37:54,820 --> 00:37:56,340
to supplement reselling as well?

988
00:37:56,340 --> 00:37:57,620
Because you can, we talked about it.

989
00:37:57,620 --> 00:37:58,660
You can get it there.

990
00:37:58,660 --> 00:37:59,980
It's just a lot of work and effort.

991
00:37:59,980 --> 00:38:02,300
Is that kind of like what you're working towards?

992
00:38:02,300 --> 00:38:05,740
Yeah, so the reselling channel for me was never,

993
00:38:05,740 --> 00:38:07,060
it sounds really weird to say this.

994
00:38:07,060 --> 00:38:09,860
I was never interested about making money

995
00:38:09,860 --> 00:38:11,620
from doing the reseller channel.

996
00:38:11,620 --> 00:38:14,220
I never expected to gain 10 subscribers,

997
00:38:14,220 --> 00:38:16,580
let alone what I've got at the moment.

998
00:38:16,580 --> 00:38:20,260
But my passion outside of the reselling world

999
00:38:20,260 --> 00:38:23,860
and outside of my job has always been true crime.

1000
00:38:23,860 --> 00:38:25,860
I think part of me always wanted to be

1001
00:38:25,860 --> 00:38:27,300
like that forensic person,

1002
00:38:27,300 --> 00:38:29,100
but didn't want to actually put the education

1003
00:38:29,100 --> 00:38:30,340
into go and do it.

1004
00:38:30,340 --> 00:38:31,780
So this is kind of the next best thing.

1005
00:38:31,780 --> 00:38:36,780
And I guess if for me, I watch so much true crime,

1006
00:38:36,900 --> 00:38:38,580
it's unbelievable.

1007
00:38:38,580 --> 00:38:40,260
Probably a bit like a serial killer myself

1008
00:38:40,260 --> 00:38:41,140
for the amount I watch.

1009
00:38:41,140 --> 00:38:45,060
But I fall asleep listening to true crime

1010
00:38:45,060 --> 00:38:47,100
because I'm one of them weird people

1011
00:38:47,100 --> 00:38:48,660
who can't sleep without any noise

1012
00:38:48,660 --> 00:38:50,220
and the wife hates the TV on.

1013
00:38:50,220 --> 00:38:52,060
So now I've got one headphone on,

1014
00:38:52,060 --> 00:38:54,060
fall asleep listening to true crime, wake up

1015
00:38:54,060 --> 00:38:57,020
and like a podcast might be still going on.

1016
00:38:57,020 --> 00:38:58,740
So it's constantly on my mind.

1017
00:38:58,740 --> 00:39:02,620
And yeah, I'm super passionate about growing my own channel.

1018
00:39:03,740 --> 00:39:05,420
And the great thing with true crime,

1019
00:39:05,420 --> 00:39:07,980
there's no ceiling to the channels.

1020
00:39:07,980 --> 00:39:11,540
So I feel with reselling channels, especially in the UK,

1021
00:39:11,540 --> 00:39:15,460
the best channel in the UK subscriber wise

1022
00:39:15,460 --> 00:39:16,740
is a guy called Nick Hills.

1023
00:39:16,740 --> 00:39:19,140
And I think he's on about 50,000 subscribers

1024
00:39:19,140 --> 00:39:20,980
and he's been doing it for years.

1025
00:39:20,980 --> 00:39:24,220
Some of the UK true crime channels,

1026
00:39:24,220 --> 00:39:27,460
they're on like 1.7 million subscribers

1027
00:39:27,460 --> 00:39:30,420
and they release a video and it has like 500,000

1028
00:39:30,420 --> 00:39:31,900
in 24 hours view wise,

1029
00:39:31,900 --> 00:39:36,500
because it appeals to such a wide range of audience.

1030
00:39:36,500 --> 00:39:39,500
So yeah, I have aspirations and goals

1031
00:39:39,500 --> 00:39:42,740
for the true crime channel to grow it to a point of

1032
00:39:42,740 --> 00:39:45,260
having to make a decision when it comes to eBay.

1033
00:39:45,260 --> 00:39:47,460
Now that's not stopping completely,

1034
00:39:47,460 --> 00:39:50,100
but it might be a case of instead of listing 15

1035
00:39:50,100 --> 00:39:53,460
or down eBay, I'm gonna drop down to list five a day

1036
00:39:53,460 --> 00:39:56,020
because all my time needs to be put into recording

1037
00:39:56,020 --> 00:39:57,660
for the crime channel.

1038
00:39:57,660 --> 00:39:59,300
But a lot of the true crime stuff,

1039
00:39:59,300 --> 00:40:02,700
I will probably outsource when it comes to editing,

1040
00:40:02,700 --> 00:40:05,140
when it comes to fun now design, et cetera,

1041
00:40:05,140 --> 00:40:09,620
because as I said to you before the podcast,

1042
00:40:09,620 --> 00:40:11,060
some of them true crime videos,

1043
00:40:11,060 --> 00:40:13,700
and if I record a 15 minute true crime video,

1044
00:40:13,700 --> 00:40:16,740
I could be editing that one for about 20 odd hours,

1045
00:40:16,740 --> 00:40:17,620
putting the pictures in,

1046
00:40:17,620 --> 00:40:20,100
make sure the cuts work really well.

1047
00:40:20,100 --> 00:40:23,220
So yeah, I'm learning a lot on the true crime side

1048
00:40:23,220 --> 00:40:25,220
because it is so different to reselling.

1049
00:40:25,220 --> 00:40:28,820
And it's not as easy because with the reselling videos,

1050
00:40:28,820 --> 00:40:31,740
I just record what I do in my day to day life.

1051
00:40:31,740 --> 00:40:34,340
True crime, there's a lot of research that goes into it

1052
00:40:34,340 --> 00:40:37,140
before you can even start recording and building a video.

1053
00:40:37,980 --> 00:40:42,060
Back on the topic of eBay, some hot, I guess, topics here

1054
00:40:42,060 --> 00:40:44,420
that I usually kind of ask all the eBay sellers,

1055
00:40:44,420 --> 00:40:46,380
promoted listings, do you need them?

1056
00:40:46,380 --> 00:40:47,740
Do you use them?

1057
00:40:47,740 --> 00:40:48,660
Are they a scam?

1058
00:40:48,660 --> 00:40:50,780
Like what's your take on promoted listings?

1059
00:40:50,780 --> 00:40:53,180
It's so controversial in the UK.

1060
00:40:53,180 --> 00:40:55,140
A lot of people think it's a scam.

1061
00:40:55,140 --> 00:40:59,420
I use them myself because I still wanna gain the edge.

1062
00:40:59,420 --> 00:41:02,460
I started at 1% and then eBay changed the rules and said,

1063
00:41:02,460 --> 00:41:04,500
no, no, no, you've got to start at 2%.

1064
00:41:04,500 --> 00:41:06,540
So I stuck at 2% for a while.

1065
00:41:06,540 --> 00:41:08,580
Then I jumped to 5%.

1066
00:41:08,580 --> 00:41:10,580
Then I went to 10%.

1067
00:41:10,580 --> 00:41:12,620
And then I made a decision a couple of weeks

1068
00:41:12,620 --> 00:41:15,220
before Christmas to drop down to 7%,

1069
00:41:15,220 --> 00:41:17,580
but on the dynamic rate.

1070
00:41:17,580 --> 00:41:19,500
So the max I'm ever gonna pay is seven,

1071
00:41:19,500 --> 00:41:23,500
but sometimes I get lucky and it's 2% or 3%.

1072
00:41:23,500 --> 00:41:25,860
But yeah, I believe in the UK.

1073
00:41:27,060 --> 00:41:28,540
I'd rather promote and give eBay

1074
00:41:28,540 --> 00:41:30,780
that little bit more money to get the sale.

1075
00:41:30,780 --> 00:41:32,020
Now it's very interesting

1076
00:41:32,020 --> 00:41:34,300
because it's not only controversial in the UK,

1077
00:41:34,300 --> 00:41:35,540
I think it's in the US as well.

1078
00:41:35,540 --> 00:41:38,660
I think it's a worldwide conspiracy theory.

1079
00:41:38,660 --> 00:41:40,060
eBay is just taking your money

1080
00:41:40,060 --> 00:41:41,420
and you're giving it to them.

1081
00:41:41,420 --> 00:41:45,860
Or hey, you're actually making money with it.

1082
00:41:45,860 --> 00:41:49,860
Now I've experimented with promoted listings left and right.

1083
00:41:49,860 --> 00:41:53,220
It does work as far as people viewing your item.

1084
00:41:53,220 --> 00:41:56,620
Now my only question mark on the whole thing is,

1085
00:41:56,620 --> 00:41:59,340
who is eBay showing my item?

1086
00:41:59,340 --> 00:42:01,820
I've never been able to prove this and you can't prove it.

1087
00:42:01,820 --> 00:42:06,820
Is it showing it to Billy the librarian or Sarah the dyslexic?

1088
00:42:06,820 --> 00:42:09,580
Sarah dyslexic is gonna have no interest in my book,

1089
00:42:09,580 --> 00:42:11,780
but Billy over there totally will.

1090
00:42:11,780 --> 00:42:14,340
But as far as it showing people your items,

1091
00:42:14,340 --> 00:42:15,820
yes, it does that very well.

1092
00:42:15,820 --> 00:42:17,620
Now, as far as percentages go,

1093
00:42:17,620 --> 00:42:19,980
I kind of drank the Kool-Aid on the 10%,

1094
00:42:19,980 --> 00:42:21,980
then I got greedy and bumped it up to 15

1095
00:42:21,980 --> 00:42:24,340
without realizing or me asking the question,

1096
00:42:24,340 --> 00:42:26,820
you can't go back from that really without some

1097
00:42:26,820 --> 00:42:29,060
suppression in traffic or lowering it

1098
00:42:29,060 --> 00:42:30,860
becoming the new normal.

1099
00:42:30,860 --> 00:42:33,060
But on some of my slower moving items,

1100
00:42:33,060 --> 00:42:35,420
I go as high as 35 just to get them out of my store,

1101
00:42:35,420 --> 00:42:37,260
make them gone.

1102
00:42:37,260 --> 00:42:39,420
So I'm a full believer in promoted listings

1103
00:42:39,420 --> 00:42:41,620
that it does work myself.

1104
00:42:41,620 --> 00:42:43,220
Amazon takes 50%.

1105
00:42:43,220 --> 00:42:45,220
So like anybody crying about giving eBay

1106
00:42:45,220 --> 00:42:48,220
an extra five or 10%, like come on over here.

1107
00:42:48,220 --> 00:42:50,900
We'll give all your money to Amazon.

1108
00:42:50,900 --> 00:42:52,900
So it is, personally for me,

1109
00:42:52,900 --> 00:42:54,900
I got a funny story about promoted listings.

1110
00:42:54,900 --> 00:42:58,020
Buckle up here because I sold an item on eBay.

1111
00:42:58,020 --> 00:43:00,420
And it was because I went in the other day

1112
00:43:00,420 --> 00:43:02,420
and on my mobile dashboard, it said,

1113
00:43:02,420 --> 00:43:03,620
I guess for some reason,

1114
00:43:03,620 --> 00:43:05,820
I didn't have like 13 of my books promoted.

1115
00:43:05,820 --> 00:43:06,660
And I just went in,

1116
00:43:06,660 --> 00:43:08,020
I just promoted whatever they want.

1117
00:43:08,020 --> 00:43:11,220
It was like 12%, 10%, 11, whatever they recommend.

1118
00:43:11,220 --> 00:43:12,620
And I sold one the same day, dude.

1119
00:43:12,620 --> 00:43:14,620
I'm just saying like, and I don't list,

1120
00:43:14,620 --> 00:43:16,620
I list once a week for a YouTube video,

1121
00:43:16,620 --> 00:43:17,820
one item once a week.

1122
00:43:17,820 --> 00:43:19,500
So I'm here to tell you, promoted works.

1123
00:43:19,500 --> 00:43:21,420
If I can sell stuff through promoted listings,

1124
00:43:21,420 --> 00:43:22,820
anybody can sell it.

1125
00:43:22,820 --> 00:43:25,220
If I can sell stuff through promoted listings, anybody can.

1126
00:43:25,220 --> 00:43:28,020
And it's just, you just build it into the cost, right?

1127
00:43:28,020 --> 00:43:30,300
As resellers, we get this stuff for nothing.

1128
00:43:30,300 --> 00:43:31,900
It's not like we're going out paying retail,

1129
00:43:31,900 --> 00:43:33,180
we're paying pennies on the dollar.

1130
00:43:33,180 --> 00:43:35,580
If you can't give up an extra five, 10%,

1131
00:43:35,580 --> 00:43:38,540
and it's every platform, it's not just eBay,

1132
00:43:38,540 --> 00:43:42,020
Amazon fees, Etsy has offsite ad fees, right?

1133
00:43:42,020 --> 00:43:43,980
They automatically enroll you.

1134
00:43:43,980 --> 00:43:45,860
My wife Deb, she's full-time Etsy seller,

1135
00:43:45,860 --> 00:43:47,580
and they don't even tell you, they just say,

1136
00:43:47,580 --> 00:43:49,500
hey, we charge you $5 on this order

1137
00:43:49,500 --> 00:43:51,180
because of an offsite ad.

1138
00:43:51,180 --> 00:43:52,020
Who knows?

1139
00:43:52,020 --> 00:43:55,100
Some guy is just like, well, Etsy needs an extra $5 today.

1140
00:43:55,100 --> 00:43:56,780
Let's dinger up for five bucks.

1141
00:43:56,780 --> 00:43:58,460
There's really no analytics behind it,

1142
00:43:58,460 --> 00:44:00,260
but it's just the cost of doing business, honestly,

1143
00:44:00,260 --> 00:44:01,140
on any platform.

1144
00:44:01,140 --> 00:44:03,260
You're not going to be able to sneak away from it.

1145
00:44:03,260 --> 00:44:04,860
Maybe Bonanza doesn't,

1146
00:44:04,860 --> 00:44:08,300
but then ain't nobody buying stuff on Bonanza, so who cares?

1147
00:44:08,300 --> 00:44:11,460
Yeah, and that's the other conspiracy with eBay, isn't it?

1148
00:44:11,460 --> 00:44:13,060
With the promoted listings.

1149
00:44:13,060 --> 00:44:15,060
Truth be told, none of us know.

1150
00:44:15,060 --> 00:44:16,620
None of us know really whether that was

1151
00:44:16,620 --> 00:44:17,620
from a promoted listing.

1152
00:44:17,620 --> 00:44:19,140
Or like you say, eBay said, right,

1153
00:44:19,140 --> 00:44:21,220
he's had 15 sales there.

1154
00:44:21,220 --> 00:44:23,300
Let's make sure half of these are promoted listing

1155
00:44:23,300 --> 00:44:25,900
to get us a bit more money, but I'm the same as you.

1156
00:44:25,900 --> 00:44:29,700
I'm very much a case of, if I was to build my own website,

1157
00:44:29,700 --> 00:44:31,660
how much money am I going to have to spend

1158
00:44:31,660 --> 00:44:33,300
to drive traffic to the website?

1159
00:44:33,300 --> 00:44:37,060
So giving away an extra 7% or 10% to eBay,

1160
00:44:37,060 --> 00:44:40,340
whenever it gets me an extra 1,000 sales a year,

1161
00:44:40,340 --> 00:44:41,180
take my money.

1162
00:44:42,700 --> 00:44:44,580
So I got a two-part question for you.

1163
00:44:44,580 --> 00:44:46,820
The biggest lesson you had to learn

1164
00:44:46,820 --> 00:44:48,740
during the whole reselling process

1165
00:44:48,740 --> 00:44:49,940
and the one piece of advice

1166
00:44:49,940 --> 00:44:52,860
you'd like to give everyone listening about reselling?

1167
00:44:52,860 --> 00:44:56,260
Biggest lesson, funny enough, has been recent.

1168
00:44:56,260 --> 00:44:58,380
Know your numbers.

1169
00:44:58,380 --> 00:45:02,060
Know exactly what you are buying items for,

1170
00:45:02,060 --> 00:45:04,340
how much you're selling them for is only one part.

1171
00:45:04,340 --> 00:45:06,780
How much money actually hits your bank account

1172
00:45:06,780 --> 00:45:08,460
when you've sold them items.

1173
00:45:08,460 --> 00:45:09,940
That is the biggest lesson I can give you

1174
00:45:09,940 --> 00:45:13,060
because for ages I used to think,

1175
00:45:13,060 --> 00:45:16,580
I'm buying an item for a pound, I've sold it for 9.99,

1176
00:45:16,580 --> 00:45:18,180
oh, I'm making great money.

1177
00:45:18,180 --> 00:45:19,900
When you take out everything,

1178
00:45:19,900 --> 00:45:21,940
when you take out your time, your costs,

1179
00:45:21,940 --> 00:45:24,660
when you take out the VAT we have to pay in the UK,

1180
00:45:24,660 --> 00:45:28,300
if you're tax registered as well,

1181
00:45:28,300 --> 00:45:29,660
you have to pay all of them fees.

1182
00:45:29,660 --> 00:45:32,580
And then you've got your promoted listings.

1183
00:45:32,580 --> 00:45:35,620
And by the time you work it all out and calculate it down,

1184
00:45:35,620 --> 00:45:38,020
that one pound item that you paid,

1185
00:45:38,020 --> 00:45:40,620
you're only maybe making two or three pounds from it

1186
00:45:40,620 --> 00:45:42,100
and you've had to ship it to a customer,

1187
00:45:42,100 --> 00:45:45,940
you've got to pay for that, the poly bag, et cetera.

1188
00:45:45,940 --> 00:45:47,540
And funny enough, what I'm finding

1189
00:45:47,540 --> 00:45:50,940
is them customers are the ones who will open up a return.

1190
00:45:51,860 --> 00:45:54,620
When I'm selling stuff now for a hundred pound,

1191
00:45:54,620 --> 00:45:57,140
hardly ever comes back, very rare.

1192
00:45:57,140 --> 00:45:59,140
But these three nights in iron items

1193
00:45:59,140 --> 00:46:00,940
I'm looking to clear from my store

1194
00:46:00,940 --> 00:46:02,660
are the ones where the customer's not happy,

1195
00:46:02,660 --> 00:46:05,220
they wanna open a return or they leave you negative feedback.

1196
00:46:05,220 --> 00:46:08,660
So yeah, tip number one I would give to anyone,

1197
00:46:08,660 --> 00:46:10,860
know your numbers and do it as early as possible.

1198
00:46:10,860 --> 00:46:11,980
I made that mistake.

1199
00:46:13,260 --> 00:46:14,100
It's funny you say that,

1200
00:46:14,100 --> 00:46:16,500
I had a conversation with somebody about this

1201
00:46:16,500 --> 00:46:18,180
just yesterday, it was like,

1202
00:46:18,180 --> 00:46:19,940
why am I getting so many questions?

1203
00:46:19,940 --> 00:46:21,340
Why am I getting so returns?

1204
00:46:21,340 --> 00:46:23,140
I asked him, how much are you selling your items for?

1205
00:46:23,140 --> 00:46:24,820
He said, 599.

1206
00:46:24,820 --> 00:46:26,380
I'm like, well, that's exactly why.

1207
00:46:26,380 --> 00:46:30,500
They may not have 599 and they're living paycheck to paycheck

1208
00:46:30,500 --> 00:46:32,100
or they're buying stuff on credit.

1209
00:46:32,100 --> 00:46:35,420
So if there's any issue, any mistake with that order,

1210
00:46:35,420 --> 00:46:39,220
they need that money or the item to work as intended.

1211
00:46:39,220 --> 00:46:41,140
So, and with all due respect,

1212
00:46:41,140 --> 00:46:43,900
when you're selling to the poor who need the money,

1213
00:46:43,900 --> 00:46:46,620
if you're selling to the poor customer set,

1214
00:46:46,620 --> 00:46:48,820
it's gotta be perfect every time.

1215
00:46:48,820 --> 00:46:51,740
Now the guy spending 30 or more bucks doesn't care.

1216
00:46:51,740 --> 00:46:53,620
He's got 30 more bucks to blow.

1217
00:46:53,620 --> 00:46:56,740
The $10 or less crowd questions all day long,

1218
00:46:56,740 --> 00:46:58,460
returns all day long.

1219
00:46:58,460 --> 00:47:00,220
So that's another reason to kind of move

1220
00:47:00,220 --> 00:47:03,060
toward a higher ASP model is you're just gonna have

1221
00:47:03,060 --> 00:47:04,500
less issues.

1222
00:47:04,500 --> 00:47:07,580
And I think that's just a demographic global thing.

1223
00:47:07,580 --> 00:47:09,100
Cause I like that you said that,

1224
00:47:09,100 --> 00:47:10,460
cause it's not just the US market,

1225
00:47:10,460 --> 00:47:12,700
apparently it's the UK markets that way as well.

1226
00:47:12,700 --> 00:47:15,580
What is your goals?

1227
00:47:15,580 --> 00:47:20,580
Like, I guess your overall goals were reselling

1228
00:47:20,580 --> 00:47:22,820
and YouTube in 2024.

1229
00:47:22,820 --> 00:47:23,660
It's only January.

1230
00:47:23,660 --> 00:47:26,460
So you still got 11 months here to kind of get things

1231
00:47:26,460 --> 00:47:29,460
ironed out, but you know, on the topic of you deciding

1232
00:47:29,460 --> 00:47:32,420
whether or not you continue your reselling journey,

1233
00:47:32,420 --> 00:47:35,100
do you have a specific number in your mind where you're like,

1234
00:47:35,100 --> 00:47:37,460
okay, I gotta make at least, you know,

1235
00:47:37,460 --> 00:47:41,660
I gotta do at least $80,000 in sales or $100,000 in sales

1236
00:47:41,660 --> 00:47:43,540
for me to continue.

1237
00:47:43,540 --> 00:47:44,380
Yeah, absolutely.

1238
00:47:44,380 --> 00:47:47,420
I spoke to tech about this and tech asked me the same

1239
00:47:47,420 --> 00:47:48,460
question the other day.

1240
00:47:48,460 --> 00:47:53,460
Now I set my goal at 100K is what I set my goal for this

1241
00:47:53,460 --> 00:47:55,340
year, which works out, I've got it on my notepad X,

1242
00:47:55,340 --> 00:47:59,220
we've 274 pounds a day in sales,

1243
00:47:59,220 --> 00:48:01,540
what I need to hit, to hit my goal.

1244
00:48:01,540 --> 00:48:04,380
But someone from the UK, Lee also said to me,

1245
00:48:04,380 --> 00:48:06,180
set it at 120K.

1246
00:48:07,060 --> 00:48:08,620
And I couldn't get my head around out first.

1247
00:48:08,620 --> 00:48:09,820
And now it makes perfect sense.

1248
00:48:09,820 --> 00:48:12,340
And the reason you do that is because every day is not

1249
00:48:12,340 --> 00:48:13,420
perfect.

1250
00:48:13,420 --> 00:48:17,540
So set in 120K, you can account in returns,

1251
00:48:17,540 --> 00:48:19,660
counting them days where it is a bit slow,

1252
00:48:19,660 --> 00:48:22,100
counting them days with finding stock was a little bit more

1253
00:48:22,100 --> 00:48:25,260
difficult and not everything hit your metrics or you didn't

1254
00:48:25,260 --> 00:48:27,380
hit your listing goals, it wasn't good enough to put in

1255
00:48:27,380 --> 00:48:28,340
the store.

1256
00:48:28,340 --> 00:48:33,140
So now I aim for 328 pounds, 78 pence a day.

1257
00:48:33,140 --> 00:48:36,220
But I also appreciate the first couple of months of this

1258
00:48:36,220 --> 00:48:39,540
year, it's not going to be that because I've changed the

1259
00:48:39,540 --> 00:48:42,460
whole model of actually concentrating on the higher ASP

1260
00:48:42,460 --> 00:48:43,940
and higher sell through.

1261
00:48:43,940 --> 00:48:46,260
So I've noticed quite quickly,

1262
00:48:46,260 --> 00:48:48,740
eBay doesn't reward you overnight.

1263
00:48:48,740 --> 00:48:51,740
It takes that consistency and the consistent build to start

1264
00:48:51,740 --> 00:48:53,180
getting them sales in.

1265
00:48:53,180 --> 00:48:57,140
So the goal for reselling is 120,000 for this year.

1266
00:48:57,980 --> 00:49:02,260
The goal for YouTube, I used to always set goals for,

1267
00:49:02,260 --> 00:49:05,340
I want to hit X amount of subscribers.

1268
00:49:05,340 --> 00:49:07,860
And I quickly realized that you can't control that.

1269
00:49:07,860 --> 00:49:10,300
If you put out content and people enjoy it,

1270
00:49:10,300 --> 00:49:11,140
they will subscribe.

1271
00:49:11,140 --> 00:49:13,060
You can't force people to click that button.

1272
00:49:13,060 --> 00:49:15,860
We can ask and we all do, but you can't force it.

1273
00:49:15,860 --> 00:49:20,140
So my goals for YouTube this year is consistency,

1274
00:49:20,140 --> 00:49:23,460
two reselling videos every single week this year,

1275
00:49:23,460 --> 00:49:26,780
one true crime video every single week of this year.

1276
00:49:26,780 --> 00:49:27,980
And that's consistency.

1277
00:49:27,980 --> 00:49:31,020
And if I do miss a week and I've only done one video for

1278
00:49:31,020 --> 00:49:33,420
the reselling, it just means the next week needs to be

1279
00:49:33,420 --> 00:49:34,260
free videos.

1280
00:49:34,260 --> 00:49:39,260
So yeah, what's a hundred and four reselling videos for me

1281
00:49:39,260 --> 00:49:43,300
this year, excluding lives and then true crime 52,

1282
00:49:43,300 --> 00:49:44,380
true crime videos.

1283
00:49:45,260 --> 00:49:47,980
So I'm going to say something maybe controversial to those

1284
00:49:47,980 --> 00:49:49,180
lists in the audience.

1285
00:49:49,180 --> 00:49:52,900
I think a hundred K is too low.

1286
00:49:52,900 --> 00:49:56,460
If you're 30 years of age or older,

1287
00:49:56,460 --> 00:49:59,300
I think you need to be pushing more towards 200 K.

1288
00:49:59,300 --> 00:50:01,460
Now, if you're younger than 30 years of age,

1289
00:50:01,460 --> 00:50:03,580
you probably want to aim that goal at 300 K.

1290
00:50:03,580 --> 00:50:05,620
Now this is over the course of your reselling career.

1291
00:50:05,620 --> 00:50:09,180
I'm not saying year one, you need to be making $200,000.

1292
00:50:09,180 --> 00:50:11,540
I'm saying that is probably the goal,

1293
00:50:11,540 --> 00:50:14,740
bare minimum you need to make to account for retirement,

1294
00:50:14,740 --> 00:50:16,500
children, college education,

1295
00:50:16,500 --> 00:50:19,060
any other lifestyle changes you want to make.

1296
00:50:19,060 --> 00:50:21,260
Now, if you want to be living the yacht style life,

1297
00:50:21,260 --> 00:50:22,540
that's a whole different model.

1298
00:50:22,540 --> 00:50:25,300
You're targeting probably a million or more.

1299
00:50:26,260 --> 00:50:28,220
And this is after tax and all of that,

1300
00:50:28,220 --> 00:50:29,740
after all fees and whatnot.

1301
00:50:30,580 --> 00:50:31,820
I think that is a healthy goal.

1302
00:50:31,820 --> 00:50:34,700
Now the hundred K I've heard that in multiple groups,

1303
00:50:34,700 --> 00:50:35,900
no matter where I go,

1304
00:50:35,900 --> 00:50:38,780
that is a digestible number that everybody can swallow

1305
00:50:38,780 --> 00:50:39,620
and understand.

1306
00:50:39,620 --> 00:50:41,740
So I get why people say a hundred K,

1307
00:50:41,740 --> 00:50:43,780
but for me personally, to people listening,

1308
00:50:43,780 --> 00:50:44,900
I think it's too small.

1309
00:50:44,900 --> 00:50:45,980
You need to aim much higher,

1310
00:50:45,980 --> 00:50:48,700
just like James, his friend mentioned to him,

1311
00:50:48,700 --> 00:50:50,140
aim a little higher.

1312
00:50:50,140 --> 00:50:51,100
Yeah, absolutely.

1313
00:50:51,100 --> 00:50:54,180
And this hundred K thing for me is the benchmark

1314
00:50:54,180 --> 00:50:55,300
for this year.

1315
00:50:55,300 --> 00:50:57,660
I do not want the second year.

1316
00:50:57,660 --> 00:50:58,980
And it's really weird to say this,

1317
00:50:58,980 --> 00:51:01,860
because I've been recently now three years,

1318
00:51:01,860 --> 00:51:03,540
and in a weird way,

1319
00:51:03,540 --> 00:51:07,140
I feel like this year is like my first year.

1320
00:51:07,980 --> 00:51:08,820
And I think it might be

1321
00:51:08,820 --> 00:51:10,420
because I've completely niche down now

1322
00:51:10,420 --> 00:51:12,940
and I am following now a sensible model to grow.

1323
00:51:12,940 --> 00:51:15,380
And I understand my numbers more,

1324
00:51:15,380 --> 00:51:17,300
but I completely agree with Johnny there.

1325
00:51:17,300 --> 00:51:21,060
For me, a hundred K is like the lowest I want to be hitting.

1326
00:51:21,060 --> 00:51:23,020
Next year, I completely agree.

1327
00:51:23,020 --> 00:51:26,340
It should be 150, 180, 200.

1328
00:51:26,340 --> 00:51:30,380
Because although YouTube money doesn't pay that much,

1329
00:51:30,380 --> 00:51:33,180
I still want both channels to be arms of the business.

1330
00:51:33,180 --> 00:51:35,980
So I can say on eBay, it was X amount,

1331
00:51:35,980 --> 00:51:38,100
Prime channel brought in X amount,

1332
00:51:38,100 --> 00:51:39,660
the reselling channel brought in X amount,

1333
00:51:39,660 --> 00:51:41,700
and look at it as a whole collective.

1334
00:51:41,700 --> 00:51:43,140
But yeah, I always say to people,

1335
00:51:43,140 --> 00:51:45,580
have that stretch target as well.

1336
00:51:45,580 --> 00:51:46,500
I think that's really important.

1337
00:51:46,500 --> 00:51:48,340
Have to target where, do you know what?

1338
00:51:48,340 --> 00:51:50,180
I'm gonna hit this, it's gonna, like you said,

1339
00:51:50,180 --> 00:51:52,300
just pay the bills, it's gonna get me by,

1340
00:51:52,300 --> 00:51:54,100
it's gonna keep me in the job,

1341
00:51:54,100 --> 00:51:55,900
and then have to target to say,

1342
00:51:55,900 --> 00:51:58,420
this is gonna allow me a nice two week holiday

1343
00:51:58,420 --> 00:52:01,900
with the family, and it's gonna allow me to upgrade the van

1344
00:52:01,900 --> 00:52:03,260
or whatever it may be.

1345
00:52:03,260 --> 00:52:06,060
So yeah, I'm like you, I set these stretch targets

1346
00:52:06,060 --> 00:52:08,780
and stretch goals, and I do have a stretch target,

1347
00:52:08,780 --> 00:52:11,300
but I promise myself, I'm not going to talk about,

1348
00:52:11,300 --> 00:52:14,540
I've actually got it, I've got it in an envelope sealed,

1349
00:52:15,380 --> 00:52:18,460
which I'm actually gonna reveal at the start of next year

1350
00:52:18,460 --> 00:52:20,780
on my channel to actually pull out and say,

1351
00:52:20,780 --> 00:52:24,220
this is what's in the envelope, this is what I've done.

1352
00:52:24,220 --> 00:52:26,100
Am I gonna hit that target?

1353
00:52:26,100 --> 00:52:27,180
Who knows?

1354
00:52:27,180 --> 00:52:29,420
That's to subscribe to find out.

1355
00:52:29,420 --> 00:52:30,420
Your plug.

1356
00:52:30,420 --> 00:52:31,980
There's a plug, I like that.

1357
00:52:31,980 --> 00:52:34,700
True YouTuber here with the clickbait on the same way

1358
00:52:34,700 --> 00:52:36,940
when it comes to YouTube, that's how you gotta get the views.

1359
00:52:36,940 --> 00:52:39,420
But it's like you think about 100K,

1360
00:52:39,420 --> 00:52:43,220
I think more or less when it comes to, I hear $100,000,

1361
00:52:43,220 --> 00:52:44,660
I think of processes.

1362
00:52:44,660 --> 00:52:47,420
What processes are gonna get you to that?

1363
00:52:47,420 --> 00:52:49,420
You might not be making the money today,

1364
00:52:49,420 --> 00:52:51,860
but do you operate as the same as somebody

1365
00:52:51,860 --> 00:52:53,060
who's making that and more?

1366
00:52:53,060 --> 00:52:54,980
I think that's the bigger thing with reselling

1367
00:52:54,980 --> 00:52:56,940
because you just get lost in the sauce.

1368
00:52:56,940 --> 00:52:57,780
Like you say, one day you're just like,

1369
00:52:57,780 --> 00:52:59,620
I don't feel like doing this,

1370
00:52:59,620 --> 00:53:00,780
I'm gonna sit on the couch today,

1371
00:53:00,780 --> 00:53:01,900
I don't gotta do nothing, right?

1372
00:53:01,900 --> 00:53:03,660
I look at Amazon, oh, I got all these sales,

1373
00:53:03,660 --> 00:53:05,180
I don't gotta pack this stuff up, right?

1374
00:53:05,180 --> 00:53:07,460
It's so easy to just kind of be like,

1375
00:53:07,460 --> 00:53:09,220
meh, whatever about reselling.

1376
00:53:09,220 --> 00:53:13,540
And I think the processes for me have been so huge.

1377
00:53:13,540 --> 00:53:16,300
Like if I look at my year over year revenue,

1378
00:53:16,300 --> 00:53:20,260
last year compared to 2022 was about the same.

1379
00:53:20,260 --> 00:53:23,220
If I just look at my overall sales on Amazon,

1380
00:53:23,220 --> 00:53:26,380
but I made more money last year because I had a higher ASP,

1381
00:53:26,380 --> 00:53:28,660
so I was getting paid out more from Amazon.

1382
00:53:28,660 --> 00:53:30,260
And in addition to that,

1383
00:53:30,260 --> 00:53:33,860
I worked a whole lot less last year than I did to 2022.

1384
00:53:33,860 --> 00:53:35,940
So I know like the numbers are like,

1385
00:53:35,940 --> 00:53:38,900
oh, I wanna hit 100K, but I always tell people,

1386
00:53:38,900 --> 00:53:40,020
like especially with Amazon,

1387
00:53:40,020 --> 00:53:42,500
because these Amazon gurus, listen,

1388
00:53:42,500 --> 00:53:44,940
they show off how much sales they have.

1389
00:53:44,940 --> 00:53:47,180
And if, you know, if us three all went

1390
00:53:47,180 --> 00:53:49,700
and bought $100,000 in merchandise

1391
00:53:49,700 --> 00:53:52,860
and sold it on Amazon for $100,000,

1392
00:53:52,860 --> 00:53:55,820
we made no money, but it'll be cool to show off our phones

1393
00:53:55,820 --> 00:53:58,060
and be like, hey, look, we're six figure sellers, right?

1394
00:53:58,060 --> 00:54:01,860
So understanding the numbers is all that matters

1395
00:54:01,860 --> 00:54:02,860
in reselling.

1396
00:54:02,860 --> 00:54:04,860
And I mean, once you figure that out

1397
00:54:04,860 --> 00:54:06,620
and once you start taking it seriously,

1398
00:54:06,620 --> 00:54:08,260
because listen, when we all start out,

1399
00:54:08,260 --> 00:54:10,140
we can't be like super serious, you know,

1400
00:54:10,140 --> 00:54:12,460
we're not gonna be like every number, every cent matters.

1401
00:54:12,460 --> 00:54:15,300
But as you decide, hey, this is my business,

1402
00:54:15,300 --> 00:54:16,820
this is what I wanna do,

1403
00:54:16,820 --> 00:54:18,900
you have to get to a point where you just stop and say,

1404
00:54:18,900 --> 00:54:20,940
okay, what exactly is going on here?

1405
00:54:20,940 --> 00:54:22,140
Am I making any money?

1406
00:54:22,140 --> 00:54:25,780
Because you only see the sales on eBay and Amazon.

1407
00:54:25,780 --> 00:54:27,020
And I think they do it on purpose

1408
00:54:27,020 --> 00:54:29,140
so that you think you're doing better

1409
00:54:29,140 --> 00:54:30,460
than you actually are, right?

1410
00:54:30,460 --> 00:54:32,980
It's not like when you pull up your 90 day on eBay

1411
00:54:32,980 --> 00:54:36,020
on your phone, it shows profit, it just shows sales

1412
00:54:36,020 --> 00:54:37,100
because you're like, oh yeah,

1413
00:54:37,100 --> 00:54:39,300
look at all these sales coming in.

1414
00:54:39,300 --> 00:54:41,460
The good insight for me on that as well

1415
00:54:41,460 --> 00:54:44,660
is I've never felt my bank balance grow.

1416
00:54:44,660 --> 00:54:46,140
I've always got to the end of the month

1417
00:54:46,140 --> 00:54:50,300
and I've always paid myself a basic salary to pay the bills,

1418
00:54:50,300 --> 00:54:52,380
to put food on the table, et cetera, et cetera,

1419
00:54:52,380 --> 00:54:54,580
and to then start the month again.

1420
00:54:54,580 --> 00:54:57,380
And I've never noticed suddenly when I paid myself,

1421
00:54:57,380 --> 00:54:58,900
I've looked in the bank account and said,

1422
00:54:58,900 --> 00:55:01,580
oh, there's an extra 4,000 in there.

1423
00:55:01,580 --> 00:55:02,940
Like, where's that come from?

1424
00:55:02,940 --> 00:55:04,900
It's always been not back to zero,

1425
00:55:04,900 --> 00:55:07,380
but back to three, four, 500 pound

1426
00:55:07,380 --> 00:55:09,260
ready to buy more inventory.

1427
00:55:09,260 --> 00:55:11,460
So that's something else I'm looking at this year.

1428
00:55:11,460 --> 00:55:14,140
I want to get to the end of the month

1429
00:55:14,140 --> 00:55:15,420
and not change my lifestyle.

1430
00:55:15,420 --> 00:55:16,700
That's another important thing as well.

1431
00:55:16,700 --> 00:55:18,660
Not suddenly feel like I'm a high roller now,

1432
00:55:18,660 --> 00:55:21,340
let me go out for dinner every night,

1433
00:55:21,340 --> 00:55:24,740
but to actually see that bank account have money left in it

1434
00:55:24,740 --> 00:55:27,140
once I've paid everything I need to pay

1435
00:55:27,140 --> 00:55:28,900
and then to continue to build on that as well.

1436
00:55:28,900 --> 00:55:31,300
So yeah, I think that's another indicator for people.

1437
00:55:31,300 --> 00:55:33,460
Like you're saying there, you can look at your 90 day,

1438
00:55:33,460 --> 00:55:35,260
it doesn't tell the whole picture.

1439
00:55:35,260 --> 00:55:37,940
Have a look at what money is actually in your bank

1440
00:55:37,940 --> 00:55:39,500
each and every month.

1441
00:55:39,500 --> 00:55:40,340
Yeah, I agree.

1442
00:55:40,340 --> 00:55:41,220
So we're gonna wrap it up here.

1443
00:55:41,220 --> 00:55:44,420
James, we appreciate you coming on, hanging out with us.

1444
00:55:44,420 --> 00:55:47,020
I mean, listen, if I'm a betting man here,

1445
00:55:47,020 --> 00:55:48,460
I guarantee you're gonna hit 100K.

1446
00:55:48,460 --> 00:55:52,580
That's just, I mean, I've known you for an hour now.

1447
00:55:52,580 --> 00:55:54,660
I get to see like the determination you have

1448
00:55:54,660 --> 00:55:56,220
and understanding your numbers,

1449
00:55:56,220 --> 00:55:57,780
that alone will get you there.

1450
00:55:57,780 --> 00:55:59,980
The inventory will come with time, the knowledge you have,

1451
00:55:59,980 --> 00:56:02,940
but I for sure believe you're gonna hit the 100K.

1452
00:56:02,940 --> 00:56:05,020
Johnny, any last remarks for James?

1453
00:56:06,980 --> 00:56:08,660
Go trousers.

1454
00:56:08,660 --> 00:56:09,500
Go trousers.

1455
00:56:09,500 --> 00:56:10,340
It's all like that.

1456
00:56:10,340 --> 00:56:13,020
Yeah, go pants.

1457
00:56:13,020 --> 00:56:15,180
No, I appreciate you guys having me on.

1458
00:56:15,180 --> 00:56:17,460
And hey, look, if I don't hit the 100K,

1459
00:56:17,460 --> 00:56:20,220
it's gonna make a good YouTube video with I quit eBay

1460
00:56:20,220 --> 00:56:21,940
and it's not click bait.

1461
00:56:21,940 --> 00:56:22,780
No, it is.

1462
00:56:22,780 --> 00:56:24,300
People love failure more than success.

1463
00:56:24,300 --> 00:56:25,140
They do.

1464
00:56:26,460 --> 00:56:29,220
It's funny because my video coming out tomorrow

1465
00:56:29,220 --> 00:56:31,140
is like it's click bait failure stuff.

1466
00:56:31,140 --> 00:56:34,220
So it works, but I mean, it'll be pretty crazy, right?

1467
00:56:34,220 --> 00:56:36,580
Like my last, I quit eBay video

1468
00:56:36,580 --> 00:56:39,420
and it'll be the one you make the most money on, right?

1469
00:56:39,420 --> 00:56:41,620
It'll be so backwards.

1470
00:56:41,620 --> 00:56:43,020
YouTube is gonna pay, but that's it.

1471
00:56:43,020 --> 00:56:46,820
So yeah, hopefully we're not making that video anyway.

1472
00:56:46,820 --> 00:56:50,260
But yeah, so James YouTube, Bold Finds,

1473
00:56:50,260 --> 00:56:52,260
Instagram Bold Finds, it'll be linked below.

1474
00:56:52,260 --> 00:56:53,740
James, we appreciate you hanging out.

1475
00:56:53,740 --> 00:56:55,140
And maybe, you know what?

1476
00:56:55,140 --> 00:56:56,180
I'm gonna bookmark it.

1477
00:56:56,180 --> 00:56:59,340
Next year in January, we will have the same exact chat

1478
00:56:59,340 --> 00:57:01,420
and we'll see what your goals and targets are there.

1479
00:57:01,420 --> 00:57:02,860
So we appreciate you.

1480
00:57:02,860 --> 00:57:03,700
Appreciate you guys.

1481
00:57:03,700 --> 00:57:04,780
Thank you so much.

1482
00:57:04,780 --> 00:57:06,340
Thanks for listening to another episode

1483
00:57:06,340 --> 00:57:08,380
of the Resellers Mindset Podcast.

1484
00:57:08,380 --> 00:57:10,700
Today's full episode and all previous episodes

1485
00:57:10,700 --> 00:57:12,820
are available to all YouTube members

1486
00:57:12,820 --> 00:57:15,620
along with the weekly Zoom call and private Discord.

1487
00:57:15,620 --> 00:57:18,780
Head on over to youtube.com backslash to use book guy

1488
00:57:18,780 --> 00:57:41,780
and consider joining for as little as 2.99 a month.

