WEBVTT

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Welcome back to another episode of the Reseller's

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Mindset Podcast. My name is Mike, also known

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as the Used Book Guy on YouTube, along with my

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friend and fellow full -time reseller, Johnny

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B. We help people start and grow their reselling

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businesses from the ground up. We also have a

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weekly Zoom call and private Discord for all

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YouTube members. Head on over to youtube .com

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backslash usedbookguy to join the channel and

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gain access to the full -length podcast, Zoom

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call, and private Discord today. Let's get into

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this week's episode. What is up, everybody? Welcome

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to another episode of Resellers Mindset Podcast.

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Mike next to Johnny. And I am going to be greedy

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today. This podcast is going to be all about

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me, Johnny. And you're just going to have to

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chime in. And is it the We Roast Mike podcast?

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It kind of sort of is, but it's in a good way

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of roasting myself and you roasting me as well,

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because if I can do this business the way I've

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been doing it and making the money I make. I

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am a true firm believer that anybody can do this

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business, right? So why would I say that, right?

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Why, if Mike can do it, why can anybody do it?

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Well, as we know, I don't know nothing about

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any type of books, right? Johnny, ask me a general

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question knowledge about somebody that's been

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selling books for four or five years now should

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know. Name a valuable book. Just one. anything

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signed maybe even that's really not true but

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i mean like any specifics i have no idea you

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could ask me like what were the band dr seuss

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books right like i can't i can't tell you i can't

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what who who wrote this famous book who wrote

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that famous book right i have no idea about anything

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so that's the first one that smacks you all upside

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the head is probably every single person listening

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to this Knows more about media than I do. Right.

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So like you automatically have a leg up. Right.

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I mean, there's nothing special about anything

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I do. The next thing that makes this business

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kind of foolproof and why I started the YouTube

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channel, why I believe anybody can do this is

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because it's just. It's busy work, right? I think

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it's work ethic and busy work. I do believe you

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get out what you put in with Amazon, right? For

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those watching, I got my little scanner here

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on the video. It's just a little Bluetooth scanner.

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All I do is just scan stuff, Johnny. There's

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no, I don't have any proprietary information.

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And like, let's be real. My whole business model

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is on YouTube, right? It's not like me and Johnny

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have these super secret meetings where we do

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things completely opposite of what we talk about.

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Everything I've ever done with any software in

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the history of my business or any type of big

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plays I made because I decided to do something

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differently. Like it is all out there for, you

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know, the copy pasting to happen. And you don't

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really have to differentiate yourself so much

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from what I put out there to actually make a

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lot of money. I think I think everybody should

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be selling media on Amazon right now if you're

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a reseller. That's how high I think the upside

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is. And that's. how much of this stuff is out

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there for the taking. Yeah. I mean, the thing

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with you though, is you, you do a short amount

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of man hours per se, but with those man hours,

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it counts. And so I'm going to say this, you

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found the smartest way to be the laziest Amazon

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seller there was, and you make a lot more money

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than a lot of Amazon sellers for the amount of

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time you put in. That's what I'm saying. So like

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why, Why doesn't everybody do this? That's why

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I believe anybody can do this because I don't,

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I'm not out there doing, you know, crazy hours.

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Like, yeah, I'm working more this year, but like,

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if we compare it to how much I'm working this

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year versus having a job, like it's still nowhere

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even close. Right. So if you can figure out a

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way to make twice as much money to work half

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the amount of hours, and we'll just call this

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the lazy route. It's not lazy. It's, it's using

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your time efficiently, really. So, you know,

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when you're going to go source, you know, when

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you're going to do your listing and packing for

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Amazon and you know, when you're going to do

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your bookkeeping and then that's on top of managing

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a personal life and cat life and doing the ins

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and outs of your paperwork and your business.

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What is like, so the struggle is what, what would

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stop somebody from doing, you know, I'm looking

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at my past 30 day sales here on Amazon. I've

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done 17 .7 K in the past 30 days. Like I struggle.

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This is a struggle I've always had with what

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is, what stops people from getting the results

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I get? Is it, is it work ethic? Are they not

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actually out there scanning the items? Is it,

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I don't know what it is, man. And it's hard for

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me because I know I don't work hard, right? Like

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Deb even makes fun of me someday. She's like,

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how the hell do you sell this much on Amazon?

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You don't even know how to crack an egg open,

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right? And I think to myself like, well, she

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ain't wrong, right? Like I'm not out here touting

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myself as some genius. I think it all just boils

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down to. putting in the work and scanning as

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many items as you possibly can and maybe that's

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it because when i go into a store i still scan

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90 95 of the shelf i don't play the game of trying

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to pick out which ones are worth it which ones

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aren't worth it and you'd be surprised at what

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i pulled that i know other people don't scan

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i would say work ethics probably the biggest

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factor for you uh and for myself honestly um

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and You take the time to research or try hard

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through it, meaning you're teaching yourself

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how to do it, than most people are willing to

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do ever. Like when you were setting up Scoutly

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or let's call it Scout IQ back in the day, I

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am sure you researched how to do it. How many

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videos did you watch? How many Facebook posts

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did you watch or post in? I don't know, the book

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flipper community back when Caleb was doing his

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thing. He was around and he was available. Most

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people don't do that. And I'm going to yell at

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people in our Discord. That question channel,

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I'm about to delete it. Unless you guys ask proper,

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non -Google -able questions. Google the fucking

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shit, you motherfuckers. They have to bleep me

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out there, but I'm getting fed up with that channel.

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You guys aren't even Googling it. You should

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just put Ask Google First as the little thing

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on the side instead of questions. It should be

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the Ask Google First channel. I read that because

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I want to help people, but I've assumed. You've

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done the basics of at least Google first. Yeah,

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but dude, I don't even think, I think even you

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saying that, I think you're overcomplicating

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it. Like, I don't even think you need any of

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that. I think you literally can start today and

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take everything I have and just go scan stuff

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and make thousands and tens of thousands of dollars,

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if not hundreds of thousands of dollars a year

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selling media on Amazon if you gave it time.

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Absolutely right. Like I said. You don't need

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to watch a bajillion YouTube videos. You don't

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need to watch a lot of Facebook stuff. If you're

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part of a group, you got to leg up. If you're

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not part of a group and you're just listening

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to this podcast, I honestly, if you were just

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to go out and try it, you would, A, screw up

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and mess up, but you would learn from it. And

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as long as you continue to learn from it and

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not just recognize the problem, but do something

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about the problem. I think that's another key

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thing, doing something about the problem rather

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than just acknowledging it. you're going to get

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constantly better and better and more refined

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as you go in your processes. I think it's those

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things. It's work ethic, being willing to pump

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in the time when it's needed. It's refining your

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processes, learning from your mistakes, and do

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research when it's necessary to do it, not when

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it's unnecessary to do that. Those three things

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combined, I think, sum up you. How long did it

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take you to do your first Amazon box? Like what,

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five hours? It's way too long, dude. Yeah, five

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hours. Somewhere close to that, yeah. So how

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many people here would spend five hours committed

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to a project? It's like building an Ikea shelf,

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right? How many people actually finish the Ikea

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shelf? It's the same thing. If you're willing

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to power through it until it's completed, I guarantee

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you his next box took way less than five hours.

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And then the next box after that took even less

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time until it is what it is. in today's standards?

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I think one, one big differentiator I have that

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I will say, you know, it's going to take time

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to develop. And maybe this is another reason

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why I've lasted this long. And a lot of people

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we see kind of come and go in the space is finances

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on the back end, right? Like I believe your personal

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finances are going to reflect your business finances.

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And I'm, I've just. I was used to being so broke

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and every dollar mattered to me personally. And

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working the 50, 60 -hour weeks and not having

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any money at the end of the month, I think that

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did 100 % translate into my business. And that

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allows me to, when I make money, to actually

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make money and not just spin my tires. Because

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as we all know, a lot of resellers, yeah, we

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make money, but... the adult age, where does

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the money go? Johnny, at the end of the week,

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at the end of the month, where's the money going?

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And I think, you know, kind of clawing my way

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out of debt. Being as frugal as I possibly am,

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it's translated 100 % to the business side because

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I make money and I actually put money away every

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single month in addition to all the normal expenses

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you have with taxes and everything else related

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to resale. I think that might be the one big

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differentiator that I will say kind of sticks

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out for me if I just try to tell somebody, hey,

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to go start doing this, it's money management.

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That takes discipline, man. It's like, you know,

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it's kind of when I was on the weight loss, right?

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It takes discipline. It takes a lot of self -restraint

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and self -reflection and just being willing to

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commit to a process. Maybe commitment's another

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one, right? Like you got the work ethic, committing

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to something for a period of time until you get

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results. But man, it pains me when I see people

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quit or give up before they even give it a chance

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because I know that. I'm not nothing special

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and that anybody in any walk of life, we have

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it in the group, whether it's somebody that's

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in high school, whether it's somebody that's

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80 years old getting results doing this business.

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And I know that everybody could get results if

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they actually just tried and put in a little

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bit of effort. And here's the thing on that.

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Mike crawled himself out of not necessarily poverty,

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but he basically had no money. I mean, he was

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he was. House poor, I guess, is the best way

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to put it. All his money went toward bills. Never

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had any excess money. And he crawled his way

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out of debt. He's very frugal. He doesn't spend

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money on anything, even though I tell him to

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buy certain things from time to time that are

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tools. He still doesn't listen to me. He'll use

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his brother's printer just like tech does. But

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those key elements. And now that he has money,

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he's still the same way. He's very frugal. He

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has no debt. He's been in debt. And he knows

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what debt can bring. So operating your business

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out of debt -free with a frugal mentality with

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a high work ethic is a success little soup there

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you got going on. What's up, Amazon sellers?

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We wanted to take a second to talk about GoToLister,

00:11:54.570 --> 00:11:57.070
the software me and Johnny both use to list and

00:11:57.070 --> 00:11:59.350
manage our inventory and grow our businesses.

00:11:59.710 --> 00:12:02.029
With the fastest listing speeds out there and

00:12:02.029 --> 00:12:04.649
built -in profit analytics, it's a no -brainer.

00:12:05.049 --> 00:12:07.590
Easily and quickly have items available for sale

00:12:07.590 --> 00:12:10.509
using 2D barcodes and get more for your items

00:12:10.509 --> 00:12:13.070
with its built -in smart pricing. Make sure to

00:12:13.070 --> 00:12:15.409
check out the 30 -day free trial at gotolister

00:12:15.409 --> 00:12:18.309
.com backslash Mike or using the link in the

00:12:18.309 --> 00:12:23.250
description below. And I've seen Mike do this

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a couple times. Back when we had the Excel class,

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way back when, he didn't know a damn thing about

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Excel, but he was determined to learn it, and

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he did learn it. having no background in Excel

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whenever we were doing that special project.

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Dude, those classes, I wish I had recordings

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because I was asking the most basic, I don't

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even understand how to sort of sell in Excel.

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I was surprised you were even able to open the

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application. That's what I'm saying. I remember

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I couldn't, I couldn't figure it out. There's

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like two different Excels installed on my computer.

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I couldn't even figure it out. Oh. But like,

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I knew that was an important part that I had

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to understand was. okay, if I get through this

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Excel stuff, I'm going to have a spreadsheet

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worked out. So I'll be able to actually understand

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the numbers of my business. And I knew you're

00:13:07.970 --> 00:13:10.309
right, dude. I knew I still probably know maybe

00:13:10.309 --> 00:13:13.289
2 % of Excel, but going into that class, I knew

00:13:13.289 --> 00:13:15.549
nothing. Like there wasn't, I didn't, I had to

00:13:15.549 --> 00:13:17.590
install Excel. I had to figure it out. Like I

00:13:17.590 --> 00:13:21.250
was literally the most basic, no clue how anything

00:13:21.250 --> 00:13:25.250
works student. Right. But is your determination.

00:13:26.120 --> 00:13:28.679
His determination, if you're wanting pronoun

00:13:28.679 --> 00:13:33.860
context in the podcast, seeing the benefit and

00:13:33.860 --> 00:13:36.419
then writing out the painful process of learning,

00:13:36.559 --> 00:13:39.139
because I'm sure it wasn't a joyful experience

00:13:39.139 --> 00:13:41.759
doing it, but it was joyful after because now

00:13:41.759 --> 00:13:44.179
you had a new tool that you could use for the

00:13:44.179 --> 00:13:48.960
rest of your business duration. That's opening

00:13:48.960 --> 00:13:51.759
your eyes to those, okay, this is going to suck

00:13:51.759 --> 00:13:55.350
and I have to embrace the suck. to have a benefit

00:13:55.350 --> 00:13:58.370
to myself and to my business. I don't know why

00:13:58.370 --> 00:14:00.269
a lot of people don't have that. I do a lot of

00:14:00.269 --> 00:14:03.669
sucky tasks that I don't like to do, but I understand

00:14:03.669 --> 00:14:06.649
they are necessary in my business producing what

00:14:06.649 --> 00:14:10.149
it does. I don't know what the word is, but I

00:14:10.149 --> 00:14:11.809
think I'm just going to word it like this, right?

00:14:11.889 --> 00:14:15.389
It's like people are scared of self -humiliation,

00:14:15.590 --> 00:14:18.330
I guess, and I could care less. I think it's

00:14:18.330 --> 00:14:21.200
hilarious. That all you suckers out there that

00:14:21.200 --> 00:14:23.360
know everything about books make a whole lot

00:14:23.360 --> 00:14:26.200
less money than me. I laugh at myself to sleep

00:14:26.200 --> 00:14:28.759
at night because I'm just out here like I know

00:14:28.759 --> 00:14:30.840
nothing and I'm just going to go scan everything

00:14:30.840 --> 00:14:32.940
and I'm going to make a whole bunch of money.

00:14:33.019 --> 00:14:36.940
And honestly, if I had to choose knowledge in

00:14:36.940 --> 00:14:39.879
my business or money in my business, give me

00:14:39.879 --> 00:14:41.940
the money. And I think that's the difference.

00:14:42.019 --> 00:14:44.840
I treat it as like. it's all business transactions,

00:14:45.059 --> 00:14:46.940
Johnny. Like everything I do, the thrift store

00:14:46.940 --> 00:14:49.379
is not a giddy up treasure hunt, right? It's

00:14:49.379 --> 00:14:52.259
a business transaction. I approach it all. It's

00:14:52.259 --> 00:14:53.740
like an entrepreneur mindset. Like everything

00:14:53.740 --> 00:14:56.299
is, it's business related. It's not, oh, this

00:14:56.299 --> 00:14:58.919
book, I want this for myself. Or, oh, this author

00:14:58.919 --> 00:15:01.220
wrote, oh, this book's cool. This, I could care

00:15:01.220 --> 00:15:02.960
less. I'm just in there scanning things. I can't

00:15:02.960 --> 00:15:05.919
even recall 98 % of the stuff I actually scan

00:15:05.919 --> 00:15:09.139
and 98 % of the stuff I send in. But I do think

00:15:09.139 --> 00:15:11.200
it is, you know, a little bit of self -humiliation

00:15:11.200 --> 00:15:13.460
where I'm just like, Dude, I don't care. I'm

00:15:13.460 --> 00:15:15.259
out here doing the thing, right? Like, sure,

00:15:15.379 --> 00:15:17.580
I might not know a lot. Sure, you know, I got

00:15:17.580 --> 00:15:21.320
a, you know, a 2008 Altima, right? Like, but

00:15:21.320 --> 00:15:23.779
who cares? I got no car payment and I'm chilling

00:15:23.779 --> 00:15:25.379
like a villain and I'm out there getting the

00:15:25.379 --> 00:15:27.519
job done. I could care less about anything else

00:15:27.519 --> 00:15:29.419
and I'm open about it. It's not like if Johnny

00:15:29.419 --> 00:15:31.620
says, Mike, you know shit about books, you're

00:15:31.620 --> 00:15:33.889
an idiot. I'm like, so what? I don't think you're

00:15:33.889 --> 00:15:37.289
an idiot. You know nothing about books. I don't

00:15:37.289 --> 00:15:40.110
care. I don't care that I know absolutely nothing

00:15:40.110 --> 00:15:43.309
about the stuff I sell. You're smart enough to

00:15:43.309 --> 00:15:45.570
realize you don't need to know anything about

00:15:45.570 --> 00:15:48.139
books. It's just data. Like we're just looking

00:15:48.139 --> 00:15:50.399
at data. It's just like supply and demand. It's

00:15:50.399 --> 00:15:53.419
analytics. It's supply chain. Like any reselling

00:15:53.419 --> 00:15:55.399
is that business, right? You're looking at the

00:15:55.399 --> 00:15:57.039
sell through. How much are you paying versus

00:15:57.039 --> 00:15:59.580
how much you can sell for? That's all this is.

00:15:59.679 --> 00:16:01.940
It's not a, you don't get paid. All right. You

00:16:01.940 --> 00:16:03.820
do get paid for your knowledge when you can spot

00:16:03.820 --> 00:16:06.740
certain things, right? Like, sure. You couple

00:16:06.740 --> 00:16:09.960
money with knowledge, you make more money. Exactly.

00:16:10.039 --> 00:16:12.120
But you don't need knowledge to make money. You

00:16:12.120 --> 00:16:13.559
don't need knowledge to start making money. You

00:16:13.559 --> 00:16:20.639
don't need, absolutely not. Okay. Knowing nothing

00:16:20.639 --> 00:16:22.500
about books, you would buy a random box of books.

00:16:22.539 --> 00:16:26.419
You can figure out a way to double up, okay?

00:16:26.539 --> 00:16:28.500
I'm not saying this is the best way to do it,

00:16:28.519 --> 00:16:30.139
but I'm just saying, for instance, if you're

00:16:30.139 --> 00:16:32.600
smart enough to buy a random box of books for

00:16:32.600 --> 00:16:35.080
$10, if you can figure out how to make $20, you

00:16:35.080 --> 00:16:38.019
can do this business. It's just there's a lot

00:16:38.019 --> 00:16:41.399
of easier ways to do it, and you could not only

00:16:41.399 --> 00:16:44.870
double, you could quintuple your money. And you

00:16:44.870 --> 00:16:46.590
learn that as the way you go. But if you're able

00:16:46.590 --> 00:16:49.090
to persevere, and I think that's the best word

00:16:49.090 --> 00:16:52.570
to put for Mike is perseverance, you're going

00:16:52.570 --> 00:16:54.330
to be very successful in this business. But if

00:16:54.330 --> 00:16:56.669
you're not willing to persevere and you're still

00:16:56.669 --> 00:17:00.029
flipping 10 to make 20, you're in for a rough

00:17:00.029 --> 00:17:04.329
ride, a slow ride. It'll work out at 90 years

00:17:04.329 --> 00:17:07.630
later, but that's 90 years. I do think another

00:17:07.630 --> 00:17:09.150
thing that you kind of just hit on there a little

00:17:09.150 --> 00:17:13.490
bit is giving something enough time. to actually

00:17:13.490 --> 00:17:16.910
come to fruition right like i look back you know

00:17:16.910 --> 00:17:19.170
when i first started right five hours from my

00:17:19.170 --> 00:17:21.970
first box you know deb thought there was no shot

00:17:21.970 --> 00:17:23.789
i was going to turn this into an actual business

00:17:23.789 --> 00:17:29.130
and i don't blame her um it takes time with anything

00:17:29.130 --> 00:17:31.410
in life i mean think about when you first learn

00:17:31.410 --> 00:17:33.710
how to ride a bike right like you learn how to

00:17:33.710 --> 00:17:35.829
ride a bike you can get on the bike johnny and

00:17:35.829 --> 00:17:37.750
you can go straight you can ride the bike straight

00:17:37.750 --> 00:17:39.690
well now you got to figure out the big impossible

00:17:39.690 --> 00:17:43.390
turning the bike around right like you can ride

00:17:43.390 --> 00:17:45.589
the bike but when you go to turn you're falling

00:17:45.589 --> 00:17:48.250
over every single time like business is kind

00:17:48.250 --> 00:17:50.269
of the same like First, you got the training

00:17:50.269 --> 00:17:52.150
wheels and the training wheels come off. Then

00:17:52.150 --> 00:17:54.009
you can drive straight. Well, now you got to

00:17:54.009 --> 00:17:55.990
figure out how to turn and then you want to figure

00:17:55.990 --> 00:17:58.430
out how to brake. And you get it's just I think

00:17:58.430 --> 00:18:00.670
I love this analogy so much. And then you get

00:18:00.670 --> 00:18:03.609
cocky like I'm going to do a jump. off a steep

00:18:03.609 --> 00:18:07.190
hill and then you're gonna fall and break something

00:18:07.190 --> 00:18:09.710
but you know what you're gonna learn that you

00:18:09.710 --> 00:18:13.569
did it too soon or that doing those jumps isn't

00:18:13.569 --> 00:18:15.730
for you you're fine just coasting down the street

00:18:15.730 --> 00:18:18.130
on a hill but you trying to go off a ramp or

00:18:18.130 --> 00:18:19.930
something that's a totally different ball game

00:18:19.930 --> 00:18:22.309
it requires some skill to do now if you're determined

00:18:22.309 --> 00:18:25.809
to and persevere you can eventually learn how

00:18:25.809 --> 00:18:28.279
to do that without ever falling Yeah. And I think

00:18:28.279 --> 00:18:31.240
back on like the financial side of it, like I

00:18:31.240 --> 00:18:35.180
didn't just jump into the business like just

00:18:35.180 --> 00:18:37.819
from zero. Right. Like and I need to rely on

00:18:37.819 --> 00:18:39.859
the business like day one. I need to rely on

00:18:39.859 --> 00:18:43.759
the business income. I I was financially prepared

00:18:43.759 --> 00:18:47.900
to say, OK, if I leave my crappy job at CBS,

00:18:48.240 --> 00:18:52.579
then. I have a runway of, you know, six months

00:18:52.579 --> 00:18:54.819
to get this business where I need it to be. And

00:18:54.819 --> 00:18:56.759
it wasn't even starting the business from zero

00:18:56.759 --> 00:18:58.940
because I was already doing it on the side. I

00:18:58.940 --> 00:19:01.220
think another part of it is just like wanting

00:19:01.220 --> 00:19:05.160
to be your own boss and having like the hunger

00:19:05.160 --> 00:19:08.819
to get things done, I guess, because at the end

00:19:08.819 --> 00:19:11.119
of the day, dude, like if me and you want to

00:19:11.119 --> 00:19:13.160
sit here next week and do absolutely nothing.

00:19:13.759 --> 00:19:16.319
That's on the table because who's going to tell

00:19:16.319 --> 00:19:18.559
us, who's going to make us? We're not getting

00:19:18.559 --> 00:19:20.539
written up. We're not getting fired. We'll still

00:19:20.539 --> 00:19:23.559
get sales on the platforms we sell on. So a lot

00:19:23.559 --> 00:19:26.480
of it is self -motivation. And I think, you know,

00:19:26.539 --> 00:19:29.920
that's a hard, it's hard for somebody that's

00:19:29.920 --> 00:19:32.759
used to structure to kind of switch it off and

00:19:32.759 --> 00:19:35.420
just be able to kind of do what you want when

00:19:35.420 --> 00:19:39.099
you want. Yeah. I mean, you kind of transitioned

00:19:39.099 --> 00:19:41.259
to needing a schedule because you got a lot busier

00:19:41.259 --> 00:19:43.640
with the YouTube and maintenance and stuff. Whereas

00:19:43.640 --> 00:19:47.759
before, in the infancy of your YouTube and just

00:19:47.759 --> 00:19:50.839
going full -time reselling, you didn't need a

00:19:50.839 --> 00:19:53.279
whole lot of structure or discipline to create

00:19:53.279 --> 00:19:55.980
a schedule. But as time goes on, you've realized

00:19:55.980 --> 00:19:59.920
you've needed that. And depending where you are

00:19:59.920 --> 00:20:02.440
at your business, you may not need an ironclad

00:20:02.440 --> 00:20:05.200
schedule. I need that because I got a lot I need

00:20:05.200 --> 00:20:11.079
to do, as does Mike now. And having the discipline

00:20:11.079 --> 00:20:15.430
to sit down and... Self -reflect of where your

00:20:15.430 --> 00:20:18.230
business is at and where you're wanting to end

00:20:18.230 --> 00:20:22.009
up. That's a key thing, too. If you're just doing

00:20:22.009 --> 00:20:23.970
the day -to -day and like, okay, where am I going?

00:20:24.490 --> 00:20:26.230
I mean, Mike's first thing was getting out of

00:20:26.230 --> 00:20:28.190
debt, right? And then he's out of debt. Okay,

00:20:28.269 --> 00:20:30.970
what's next? Making sure we got enough money

00:20:30.970 --> 00:20:33.289
in the bank. Okay, what's next? You've been talking

00:20:33.289 --> 00:20:36.250
about getting this house, right? Next step. And

00:20:36.250 --> 00:20:37.950
then after he gets the house, what's next? Well,

00:20:37.990 --> 00:20:39.509
he'll probably decide after he gets the house.

00:20:39.589 --> 00:20:43.049
But staying focused on the end goal. Like it

00:20:43.049 --> 00:20:45.630
wasn't, he was in debt and thinking about a house.

00:20:45.750 --> 00:20:47.329
There's no way he was probably thinking about

00:20:47.329 --> 00:20:49.849
a house. He had to get out of debt first. So

00:20:49.849 --> 00:20:54.029
what is your current goal? Get your eye on the

00:20:54.029 --> 00:20:56.569
prize and get to that goal. Then you can set

00:20:56.569 --> 00:20:59.029
a new goal. And then after that one's met, and

00:20:59.029 --> 00:21:01.690
then another, and then another. If your goal,

00:21:01.849 --> 00:21:04.690
if your absolute end goal is to think about a

00:21:04.690 --> 00:21:06.490
warehouse, okay, fine. That's great. We know

00:21:06.490 --> 00:21:08.569
what's there. But let's take a step back to where

00:21:08.569 --> 00:21:11.900
you are now. I'm still working a full -time job.

00:21:12.000 --> 00:21:14.180
I'm doing this part -time. I'm nowhere near that

00:21:14.180 --> 00:21:18.059
warehouse. But what is my first step in the staircase

00:21:18.059 --> 00:21:20.619
to getting that warehouse? That's what you need

00:21:20.619 --> 00:21:23.740
to think about. There needs to be progress towards

00:21:23.740 --> 00:21:26.839
a set of goals that you have, regardless, no

00:21:26.839 --> 00:21:29.880
matter what it is. you're reselling, whether

00:21:29.880 --> 00:21:32.480
you have any type of business in the universe,

00:21:32.700 --> 00:21:34.900
you need to have a goal and there needs to be

00:21:34.900 --> 00:21:37.259
progress towards the goal. Even if it's not huge,

00:21:37.440 --> 00:21:39.940
even if I'm saving up for a house, Johnny, and

00:21:39.940 --> 00:21:43.119
I'm putting away $1 every single month, as long

00:21:43.119 --> 00:21:44.980
as you can go to that account and see that it's

00:21:44.980 --> 00:21:47.880
going up by that dollar, you're going to be more

00:21:47.880 --> 00:21:50.160
motivated to continue down the path. I mean,

00:21:50.180 --> 00:21:52.700
think about this. Me and Deb have been looking

00:21:52.700 --> 00:21:55.480
for this house now for Three years I've been

00:21:55.480 --> 00:21:57.759
talking about this damn thing. Right. Is it something

00:21:57.759 --> 00:21:59.940
we're just going to jump into? No. So what's

00:21:59.940 --> 00:22:02.160
been going on for the three years? All we continue

00:22:02.160 --> 00:22:04.980
to do is put more money away. So when we find

00:22:04.980 --> 00:22:06.940
the house, we can put more money down on the

00:22:06.940 --> 00:22:10.720
house. Does it suck that I'm not in a house and

00:22:10.720 --> 00:22:13.400
I'm still on the third floor to an extent? But

00:22:13.400 --> 00:22:15.559
right. Like it always be worse. You just accept

00:22:15.559 --> 00:22:16.980
the fact that it's just going to take a little

00:22:16.980 --> 00:22:19.039
bit longer to get there. And I'm still making

00:22:19.039 --> 00:22:21.779
progress. It's not like. I'm currently losing

00:22:21.779 --> 00:22:23.960
in life right it's not like because I don't have

00:22:23.960 --> 00:22:27.220
a house like I'm failing at what I want to do

00:22:27.220 --> 00:22:29.299
no I'm just putting more money away towards it

00:22:29.299 --> 00:22:32.259
and you know it's I hate to get back to it but

00:22:32.259 --> 00:22:35.660
like we used to be so broke like I wish I was

00:22:35.660 --> 00:22:37.380
lying when I said we were we couldn't afford

00:22:37.380 --> 00:22:39.720
internet so we would go to McDonald's for wi

00:22:39.720 --> 00:22:42.460
-fi uh that was that's like a true story and

00:22:43.369 --> 00:22:46.650
Those little changes you make financially, it

00:22:46.650 --> 00:22:49.470
all translates personal to your business. There's

00:22:49.470 --> 00:22:52.369
nobody that sucks with personal money and is

00:22:52.369 --> 00:22:54.970
great with business money, and vice versa. There's

00:22:54.970 --> 00:22:57.109
nobody that's great with personal money and just

00:22:57.109 --> 00:22:59.329
blows all the business money. And I know personal

00:22:59.329 --> 00:23:03.089
finances, you basically sounded like Dave Ramsey

00:23:03.089 --> 00:23:06.390
earlier. I know it's kind of a touchy subject

00:23:06.390 --> 00:23:09.180
for most, but... We're resellers, dude. We're

00:23:09.180 --> 00:23:11.980
buying junk for a dollar that we can sell for

00:23:11.980 --> 00:23:14.940
$10 and it's everywhere, right? It's not like

00:23:14.940 --> 00:23:17.319
these, it's not like we had to go out and mine

00:23:17.319 --> 00:23:19.720
for this stuff. And we got to hope the next rock

00:23:19.720 --> 00:23:22.700
we hit our pickaxe into that there's a gold nugget

00:23:22.700 --> 00:23:25.259
in there. This stuff is in every thrift store

00:23:25.259 --> 00:23:28.440
across the country, across the globe, and we

00:23:28.440 --> 00:23:31.279
can turn our money into more money. So why doesn't

00:23:31.279 --> 00:23:34.740
everybody do it? I don't know. That's why, that's

00:23:34.740 --> 00:23:38.980
why I don't understand. I have never been, I

00:23:38.980 --> 00:23:41.519
think you've only mentioned this once, gone to

00:23:41.519 --> 00:23:44.559
a place to source from, like a thrift store or

00:23:44.559 --> 00:23:47.079
equivalent or library, and come back with zero

00:23:47.079 --> 00:23:51.200
items. Zero. It's very, very, very rare that

00:23:51.200 --> 00:23:54.319
that happens. Normally, a scanner has lower metrics

00:23:54.319 --> 00:23:58.039
than you and they scooped it all up. Or they,

00:23:58.200 --> 00:24:01.799
I don't know, the shelves are empty. I mean,

00:24:01.819 --> 00:24:03.480
those are the only two scenarios I could think

00:24:03.480 --> 00:24:05.519
of. Meaning, there were good books there, just

00:24:05.519 --> 00:24:12.990
their competition got it. Working hard and make

00:24:12.990 --> 00:24:17.390
no money versus working smartly hard and making

00:24:17.390 --> 00:24:19.470
a lot more money, I think is a good difference.

00:24:19.609 --> 00:24:22.309
Because if you're just, I don't know, you've

00:24:22.309 --> 00:24:24.950
assigned yourself an hourly rate by not caring.

00:24:25.150 --> 00:24:28.190
And again, it goes to the $10 box trying to make

00:24:28.190 --> 00:24:30.970
$20. But let's make it an hourly rate. You're

00:24:30.970 --> 00:24:34.589
making $30 an hour in this business. That's pitiful.

00:24:35.079 --> 00:24:36.799
If you aren't making a couple hundred dollars

00:24:36.799 --> 00:24:39.900
an hour with your time, when you're putting in

00:24:39.900 --> 00:24:41.839
the actual hours, I'm not talking about sitting

00:24:41.839 --> 00:24:43.480
here and watching YouTube videos, that doesn't

00:24:43.480 --> 00:24:45.960
count. But when you're putting in the work, is

00:24:45.960 --> 00:24:49.460
your work worth $200 or more an hour? It should

00:24:49.460 --> 00:24:51.819
be if you're doing it correctly. If you're somewhere

00:24:51.819 --> 00:24:54.400
in the middle, okay, great. Now you need to figure

00:24:54.400 --> 00:24:58.779
out how can I increase my hourly more? If that's

00:24:58.779 --> 00:25:03.900
too micro analytically for you, well, look at

00:25:03.900 --> 00:25:06.089
year over year. How much are you growing? Are

00:25:06.089 --> 00:25:08.029
you staying the same? Did you make $100 ,000

00:25:08.029 --> 00:25:10.910
last year? And this year, you're going to make

00:25:10.910 --> 00:25:14.250
$100 ,000? Well, there's a thing called inflation.

00:25:14.410 --> 00:25:16.769
And I know it's a touchy subject. I'm not going

00:25:16.769 --> 00:25:19.269
to go into the nuances of that. But if you aren't

00:25:19.269 --> 00:25:21.230
growing year over year, you're doing something

00:25:21.230 --> 00:25:24.289
wrong with your business. You need to be constantly

00:25:24.289 --> 00:25:26.569
growing. If you're plateaued and you're making

00:25:26.569 --> 00:25:29.970
the same, what's something you could tack on

00:25:29.970 --> 00:25:32.089
to do better? Whether it's another revenue stream.

00:25:32.910 --> 00:25:34.970
uh that's adjacent to your business or part of

00:25:34.970 --> 00:25:36.490
your business whether it's a different platform

00:25:36.490 --> 00:25:41.349
maybe you jump on youtube or uh maybe you start

00:25:41.349 --> 00:25:44.650
wholesaling or maybe you do those pop -up uh

00:25:44.650 --> 00:25:47.210
monetize your dutch kind of sale events on a

00:25:47.210 --> 00:25:49.869
monthly basis kind of deal doesn't matter you

00:25:49.869 --> 00:25:51.690
need to figure out how to continuously compound

00:25:51.690 --> 00:25:55.470
your money or else at some point five dollars

00:25:55.470 --> 00:25:58.690
ain't worth what it used to be kind of scenario

00:25:58.690 --> 00:26:02.349
happens you got to figure it out I need to make

00:26:02.349 --> 00:26:06.690
$10 needs to be able to sustain me, whereas $5

00:26:06.690 --> 00:26:11.069
doesn't. It's impossible. And savings. You talk

00:26:11.069 --> 00:26:14.569
about savings a lot too. Put some back. If you're

00:26:14.569 --> 00:26:17.750
blowing all your money and you have no savings,

00:26:17.890 --> 00:26:20.430
you're doing a dangerous game of when you want

00:26:20.430 --> 00:26:23.769
to do something or invest in something either

00:26:23.769 --> 00:26:26.049
for yourself or for your business. If you're

00:26:26.049 --> 00:26:29.009
just constantly, I don't know. buying inventory

00:26:29.009 --> 00:26:32.349
and truckloads and or doing backroom cleanouts

00:26:32.349 --> 00:26:34.509
constantly. You need to put some money away.

00:26:35.650 --> 00:26:37.869
All right. Before all you nerds are yelling in

00:26:37.869 --> 00:26:40.950
the comment section about Johnny saying to make

00:26:40.950 --> 00:26:43.589
$100 per hour doing this, I'm going to give you

00:26:43.589 --> 00:26:45.869
all a real life example from my life that happened

00:26:45.869 --> 00:26:49.009
two weeks ago. Last week, I was sick, so I didn't

00:26:49.009 --> 00:26:51.509
do nothing. But the prior week, I went to two

00:26:51.509 --> 00:26:53.410
library sales. So we're going to do the full

00:26:53.410 --> 00:26:55.990
math of potential profit, how much I spent, how

00:26:55.990 --> 00:26:58.720
many hours I spent. So I'm going to factor everything

00:26:58.720 --> 00:27:02.940
in here. Drive time was 15 minutes one way for

00:27:02.940 --> 00:27:05.119
the one. So that's 30 minutes, right? I'll round

00:27:05.119 --> 00:27:06.839
it up to an hour. I'm even going to be super

00:27:06.839 --> 00:27:10.359
generous here for this sake. The other one was

00:27:10.359 --> 00:27:12.980
probably 20 minutes one way. So we'll say another

00:27:12.980 --> 00:27:16.119
hour. So we're at two hours. I spent an hour

00:27:16.119 --> 00:27:18.579
at one, which is at three hours. I spent two

00:27:18.579 --> 00:27:21.279
hours at the other, puts us at, what's that,

00:27:21.359 --> 00:27:24.920
five hours total, right? So that's me getting

00:27:24.920 --> 00:27:29.029
everything. Let's say listen took another two

00:27:29.029 --> 00:27:32.130
hours. So it puts me at seven hours. I just went

00:27:32.130 --> 00:27:33.890
and looked. Does the listing include scanning?

00:27:35.170 --> 00:27:37.190
Well, no. How long I was at the library. So I

00:27:37.190 --> 00:27:39.269
already factored that in. Oh, okay. Okay. Okay.

00:27:39.269 --> 00:27:42.269
Gotcha. So we're at seven hours total. Sure.

00:27:42.569 --> 00:27:44.789
I got everything here at the apartment at this

00:27:44.789 --> 00:27:47.309
point. Everything's listed seven hours. I went

00:27:47.309 --> 00:27:51.190
and looked. It was six boxes full. I spent a

00:27:51.190 --> 00:27:56.029
little bit under $500. My estimated profit before

00:27:56.029 --> 00:27:59.069
my buy cost was right around 3K, give or take

00:27:59.069 --> 00:28:03.369
a little bit. So we minus our $500. What is that?

00:28:03.430 --> 00:28:11.089
2 ,500. We spent seven hours total. $357 .14

00:28:11.089 --> 00:28:15.630
per hour. And that is no bullshit, no fluff.

00:28:15.750 --> 00:28:18.869
That's the actual numbers, even rounding up the

00:28:18.869 --> 00:28:23.359
hours I spent. Now, the caveat to that is. These

00:28:23.359 --> 00:28:26.519
were quality sources where I know I was going

00:28:26.519 --> 00:28:29.740
to make money. Right. These are library sales

00:28:29.740 --> 00:28:33.400
and these are large sales and you go in. But

00:28:33.400 --> 00:28:35.160
that's what we're talking about. He said it right.

00:28:35.220 --> 00:28:37.000
You're not just spinning your wheels. That's

00:28:37.000 --> 00:28:39.140
the difference. That's maybe the big difference

00:28:39.140 --> 00:28:43.660
is my attacks are planned. Right. I'm not just

00:28:43.660 --> 00:28:46.000
like charge and everybody's running in a million

00:28:46.000 --> 00:28:48.460
different directions. Right. My army is lined

00:28:48.460 --> 00:28:52.039
up and we're all. We're all going to defeat whoever's

00:28:52.039 --> 00:28:53.680
on the other side, right? We're all running in

00:28:53.680 --> 00:28:56.799
the same direction. That's the possibility of

00:28:56.799 --> 00:28:59.160
this business, man. I just, 300 and something

00:28:59.160 --> 00:29:02.200
dollars per hour. Sure, not every working hour

00:29:02.200 --> 00:29:04.660
is going to be that, but these are sources where

00:29:04.660 --> 00:29:07.759
I just knew it was a library sale. I wasn't first

00:29:07.759 --> 00:29:09.680
in line. So get all that nonsense out of the

00:29:09.680 --> 00:29:12.819
YouTube comments as well. I was 10th -ish and

00:29:12.819 --> 00:29:16.420
then I was 30 -ish in line. So by no means necessary,

00:29:16.579 --> 00:29:19.910
am I the first one in there, but. Johnny, I go

00:29:19.910 --> 00:29:22.549
in, I scan the stuff other people don't. The

00:29:22.549 --> 00:29:25.509
fiction, the kids books, the books without barcodes.

00:29:25.869 --> 00:29:28.230
Dude, this business is foolproof. Can I just

00:29:28.230 --> 00:29:30.190
get everybody to just start selling on Amazon

00:29:30.190 --> 00:29:33.210
today? Like there's plenty. I don't even care.

00:29:33.490 --> 00:29:36.109
You all can start coming to sell media on Amazon

00:29:36.109 --> 00:29:39.609
and you don't even got it. Just do it. Just start

00:29:39.609 --> 00:29:42.089
it. And I promise you within six months, you'll

00:29:42.089 --> 00:29:45.259
be like. why didn't i do this sooner oh dude

00:29:45.259 --> 00:29:48.299
amazon's going to shut down oh man dude did you

00:29:48.299 --> 00:29:51.799
see the the tariffs dude this that i ain't got

00:29:51.799 --> 00:29:53.880
time for it bro i'm trying to make money today

00:29:53.880 --> 00:29:57.140
johnny i'm trying to build a future today i ain't

00:29:57.140 --> 00:30:01.140
worried about you know the independence day happening

00:30:01.140 --> 00:30:04.720
mars attacks uh critters night of the living

00:30:04.720 --> 00:30:07.440
dead like i'm good to go let's get out there

00:30:07.440 --> 00:30:09.660
today let's scan some stuff let's make some money

00:30:09.660 --> 00:30:14.170
i mean I could have said it better myself. That's

00:30:14.170 --> 00:30:16.029
it. I think we just need to end here. Yeah. We're

00:30:16.029 --> 00:30:18.730
out of here. Anybody can do this. Even if you're

00:30:18.730 --> 00:30:22.250
dumb, ugly like me, you still can make a lot

00:30:22.250 --> 00:30:23.950
of money selling media on Amazon. We'll talk

00:30:23.950 --> 00:30:26.170
to you all in next week's episode. Thanks for

00:30:26.170 --> 00:30:28.049
listening to another episode of the Reseller's

00:30:28.049 --> 00:30:30.690
Mindset Podcast. Today's full episode and all

00:30:30.690 --> 00:30:32.970
previous episodes are available to all YouTube

00:30:32.970 --> 00:30:35.470
members, along with the weekly Zoom call and

00:30:35.470 --> 00:30:38.369
private Discord. Head on over to youtube .com

00:30:38.369 --> 00:30:40.650
backslash to use book guy and consider joining

00:30:40.650 --> 00:30:42.250
for as little as $2 .99 a month.
