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 usebookguy 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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into another episode of Reseller's Mindset Podcast.

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Johnny's topic today. He likes to pick these

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nitty gritty ones and they're always fun to get

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into because he's always right. Like we're going

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to talk about things that suck in reselling,

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right? Like the things that Johnny really hates

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doing, the things I hate doing. And I think the

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things most resellers hate doing, I know for

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a fact, I'm probably going to hate. I think my

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hate list is a lot longer than Johnny's. Johnny's

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got more passion than me about the reselling,

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right? The books, right? He's got a little bit,

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you know, he's got a little happiness that me,

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I'm like. Oh, I actually got to do this. So I

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guess I'll throw my big one out there first is

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driving. I think this pertains to a lot of resellers.

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Not so much Johnny because he does his consignment

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and he's got his little local libraries he works

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with. But for me, driving sucks. I used to not

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mind it. But now I'm running longer routes. Like

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when I go run my routes, it's at least one hour

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one way, whether that's highway, whether that's

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back roads. it sucks like yeah i can listen you

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know i have my dave ramsey podcast playing and

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then i get an hour 20 minutes out there my first

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store's got two items and i'm just like yay me

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i love the fact i chose to be a reseller this

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is glorious why don't i drive another hour and

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20 minutes to find two dvds to sell so that's

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my first big one i know a lot of people hate

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driving but These are things like everything

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we talk about in this podcast is going to be

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things that you got to do to get results at scale.

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Right. Like I can't just rely on my local three

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thrift stores. I got to be driving all over Pennsylvania

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to kind of get it done. So I'm going to throw

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it over to you, Mr. You know, listen, you've

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done some crazy road trips. Yeah. All road trips

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suck. I'll be honest with you. I don't like them

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either. We got to do them. Because the whole

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time I'm thinking I could be working right now,

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but I'm driving. I could be working right now,

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but I'm driving. Doesn't feel like I'm being

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productive, even though I am. But yeah, I mean,

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I'm not much of a fan of the travel either. That's

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why I like to stay in my dungeon and work out

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of that versus going out in the sunlight like

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Mike. But one of mine is like. Interruptions

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drive me insane. Like I have a routine and I

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have a schedule. Anything that gets in the way

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of that pisses me off. Like I'll get a phone

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call from somebody. I got to take because they

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would take my phone call if I had one. And I'll

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be on the phone for 30 minutes. I'm like, well,

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this is 30 minutes. I got to stay up later. Or

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there's an unplanned delivery or they're a day

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early. I'm like, oh, great. They're a day early.

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Yeah. World's smallest violin for me, right?

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Or they're a day late, which throws me off again.

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So either way, it's messing with my routine.

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It's messing with my schedule. I do not like

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things not happening at the time interval they

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are assigned. It makes me angry. Mike's the total

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opposite. He probably loves that. I don't mind

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it as much as you, but I have become more like

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you when it comes to that. type of thing. Because

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like you said, you do, you lose, you lose productivity

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and you lose, you know, getting shit done. And

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I still suck at it. And I really, with Amazon,

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you can get away with being interrupted, right?

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Like you kind of can slack off. I think it's

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probably the laziest way to make money reselling

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if you really think about it overall. So you

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can, you can allow interruptions, right? Like

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I can list all the books today, like not. I can

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get pulled. I can go pet the cats. I can pull

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up some YouTube videos. I can do whatever the

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hell I want because all I got to do is throw

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a label on it and put it in a box, right? It's

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out the door. There's no thought process. Like,

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I'm just mindlessly. You can eat it later if

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you wanted. You can have replens. You can have

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a prep center. It's just clicking a couple buttons,

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drinking your coffee. My work's done. Let's make

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a million dollars. Yeah. Yeah. So I got one.

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This one, I mean, I guess this does pertain to

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you because you're basically a... you know, reselling

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personality. And, you know, thing that kind of

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I just think about all the time that sucks for

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us is when you see other people saying that your

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business model doesn't work when you've been

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doing it for X amount of years and you've gotten

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crazy results and you see other people get crazy

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results. Right. So I this doesn't affect me as

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much as it used to, although there still are

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people out there that piss me off about this

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because it frustrates me because. I know this,

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I know it works, right? Like everything's out

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there for this to work. So when I see other resellers,

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they're like, oh, this doesn't work. And this

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just, this isn't it. I'm like thinking to myself,

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like, no, it actually does work. It's just, it's

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situational based on the fact that if you don't

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do things the right way and put in the right

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amount, like then that's it. And it drives me

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nuts. And I hate, hate seeing it because people

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are attracted to negativity. And maybe that one

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negative post stops somebody else from trying

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this business and potentially stopping them from

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making tens of thousands, if not hundreds of

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thousands of dollars. Yeah, and I often wonder

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on those people if they're just like, well, it

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just makes money slower versus it doesn't work

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entirely. Because maybe they found a way to make

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money faster for them. And maybe they tried your

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way or my way or 10 other ways. And they were

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never really successful except this thing they're

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doing that they are highly successful in. Like

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we say, all business models work. Some machines

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are faster than others. Some are more profit

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per hour than others, honestly. And it just depends

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what your preference is and if you're making

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money. And if your preference is whatever and

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then you're still making money, you've won. at

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the end of the day um another one that makes

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me angry is when equipment malfunctions um it

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kind of goes into what i was on my first one

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here but well there goes an hour of my time while

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i troubleshoot making the printer work or there's

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a paper jam or The computer won't turn on. Why

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won't it turn on? What button do I need to press?

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What do I need to unplug? This, that, and the

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other. And it's just so annoying. Like, everything

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is going smoothly, and then wham! Machine technology

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gets in the way. Dude, it's so true. Like, it's

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the biggest thing that Amazon businesses rely

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on, right? And it completely sucks that sometimes...

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Amazon just isn't up, right? It's not working

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properly. Or your scanner, you're all the way

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out there and your little scanner all of a sudden

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doesn't want to work, right? The equipment and

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the software we use, just one of them could throw

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a kink in the hose for the whole day. Yes, and

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it sucks that we have to deal with this, but

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this is the life we choose to live. Sure. You

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know, I was, I was trying to print my last box

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I was doing yesterday. Johnny is a perfect example.

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I got everything done. I just needed to print

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the two shipping labels. Right. So I switch out

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my labels, right. My, my role of, I go from like

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the little labels to the big labels in the diamond.

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All right. I got food. My food's heating up in

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the microwave. This should be a two second process.

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Uh -huh. You know what happens, right? I switched

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the labels. That doesn't print. It starts just

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pulling the labels through like nonstop. I'm

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just like, here we go. All right. So I got to

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roll them back up and put them back in the pile.

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I don't even do that. No, I rip them off and

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I throw and I'm like, all right. So I got to

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unplug the dymo for at least 10 seconds. And

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then I got to plug the thing back in and then

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I got to repub. Dude, it sucks. But that's like,

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that's just life, right? You think you got it

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figured out and you get smacked upside the head

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as a reseller with equipment and just little

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things that they just piss you off. And I'm to

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the point now, like, I just want to throw money

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at problems and like, just so they go away. Like

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everybody knocks me for loving my Rolo. You know

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what? I never have a problem with the Rolo. The

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problem you just described a paper jam. It just

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works, but I am forced to use a Zebra for my

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ASIN labels. And you know the problems you just

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described, I have it with that. And if I could

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just use another Rolo with it, I totally would,

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but can't, unfortunately. What's up, Amazon sellers?

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We wanted to take a second to talk about GoToLister,

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the software me and Johnny both use to list and

00:09:23.200 --> 00:09:25.480
manage our inventory and grow our businesses.

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With the fastest listing speeds out there and

00:09:28.139 --> 00:09:30.759
built -in profit analytics, it's a no -brainer.

00:09:31.179 --> 00:09:33.700
Easily and quickly have items available for sale

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using 2D barcodes and get more for your items

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with its built -in smart pricing. Make sure to

00:09:39.200 --> 00:09:41.559
check out the 30 -day free trial at gotolister

00:09:41.559 --> 00:09:44.440
.com backslash Mike or using the link in the

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description below. Yeah, it's these little things,

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and we get so mad at these little problems, right?

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But if you explain this to a normal person, like,

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that's not a problem. I can't pay the electric

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bill. That's a problem. Versus us, where we throw

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a fit or a tantrum over just these little minor

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things. Because I think we value our time a lot

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more than a normal person does, honestly. Like

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10 minutes of not being productive in our productive

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schedule just throws us off versus the guy that's

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stuck in traffic for an hour, right? I mean,

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we're both yelling scream, but is one more valid

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than the other? I don't know. It's an interesting

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one to ponder on, but let's get out of the philosophical.

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I got one for everybody. The things that we hate

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as resellers and it sucks as resellers and it

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frustrates us as resellers, but it's necessary

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evil is... higher prices from the places we source

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like thrift stores right like uh i think this

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has been like i don't know it's been over talked

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about so i won't take long on it but i don't

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know ladies and gentlemen let's take a look around

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nothing is going down in price ever again all

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right let's let's just get that out of the way

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nothing again is ever going down in price ever

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no matter what it is No, you're right. Reseller

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inflation is the worst, whether it's potion stamps

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or labels or it's sourcing or you know what?

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We're going to charge more for the tool you've

00:11:17.330 --> 00:11:19.889
been using forever. You know, the annual subscription

00:11:19.889 --> 00:11:22.169
of yours, we're going to crank that up. You've

00:11:22.169 --> 00:11:25.639
already paid, but we're asking for more. um or

00:11:25.639 --> 00:11:29.779
amazon fees going up it's like come on you're

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bleeding me dry here i gotta work harder i gotta

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send in two extra boxes this year to make up

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for your nonsense that's really what it's happening

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but it still makes me angry i think though like

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everything we're talking about today i think

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there's like uh what would it be a there's a

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cure for every reseller disease we're talking

00:11:53.730 --> 00:11:55.850
about today that we hate dealing with. And it's

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like slowly consuming our soul and our bodies.

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Like the thrift store prices go up and yeah,

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it sucks, right? Like I missed the 49 cent paperbacks

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at Goodwills. And maybe there's one Goodwill

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out in the middle of nowhere that still has it,

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but like doesn't exist no more. It's all three

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bucks around me, if not $5. And it really sucks.

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And it pisses me off because you just think about,

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you know, how different. I guess it's kind of

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eye -opening too, right? Like how different my

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business model was and how viable it was, you

00:12:26.659 --> 00:12:28.879
know, four years ago when books were 49 cents

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and Amazon fees were, you know, next to nothing

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compared to what it is today. I think it has

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gotten a little bit harder. And I think that's

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another thing that kind of sucks in reselling

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and people don't want to deal with it is that

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I think everybody can admit that it's harder

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to be a profitable reseller today. than it was

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say four or five years ago yeah and even four

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or five years ago we would have said the same

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thing i mean everybody previous to us in previous

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times to us had it easier than the person that

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just hopped on the train so every year it's the

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same thing i mean right now we're seeing a few

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gates fall and the guys last year they just came

00:13:08.940 --> 00:13:10.700
on they're less than a year old they're like

00:13:10.700 --> 00:13:14.309
man it used to be easy it's getting harder And

00:13:14.309 --> 00:13:16.230
it harder and harder and harder. But that does

00:13:16.230 --> 00:13:19.129
send out the herd. I do think it keeps newer

00:13:19.129 --> 00:13:23.250
people away, honestly. So the pool of newer people

00:13:23.250 --> 00:13:25.470
joining, I think it's smaller and smaller every

00:13:25.470 --> 00:13:28.110
year. It'll always continue to grow. And then

00:13:28.110 --> 00:13:29.490
you're always going to have those stubborn people

00:13:29.490 --> 00:13:31.730
that are determined to learn. Honestly, those

00:13:31.730 --> 00:13:36.370
people are going to make it. Anyway, one of mine

00:13:36.370 --> 00:13:40.590
that gets really annoying is when I see. False

00:13:40.590 --> 00:13:43.090
information being distributed. And this probably

00:13:43.090 --> 00:13:45.889
is only going to really affect people that are

00:13:45.889 --> 00:13:49.649
in social groups like ours. And I'm going to

00:13:49.649 --> 00:13:51.289
have to correct it. I'm going to have to explain

00:13:51.289 --> 00:13:53.649
why it's wrong because they didn't see the writing

00:13:53.649 --> 00:13:56.190
on the wall as the falseness was being explained.

00:13:57.210 --> 00:14:00.070
And then they got to decide if they want to agree

00:14:00.070 --> 00:14:02.950
with me. And sometimes it's things like. moral

00:14:02.950 --> 00:14:05.590
conflict reasons like sending in you clearly

00:14:05.590 --> 00:14:08.950
used items as new or shrink wrapping it to me

00:14:08.950 --> 00:14:12.370
that's wrong but anybody newer or maybe they've

00:14:12.370 --> 00:14:14.289
been adamant and they say that's okay for their

00:14:14.289 --> 00:14:17.039
business Everybody's free to run business how

00:14:17.039 --> 00:14:19.159
they see fit. Me, I'm opposed to it. So there's

00:14:19.159 --> 00:14:21.279
that moral conflict. Is it really a business

00:14:21.279 --> 00:14:23.860
decision? You get in those kind of discussions

00:14:23.860 --> 00:14:26.559
and it's annoying when they happen or repetitive

00:14:26.559 --> 00:14:28.279
at least because you're saying the same thing

00:14:28.279 --> 00:14:29.879
over and over again. They're saying the same

00:14:29.879 --> 00:14:32.179
thing over and over again. Both of us just go

00:14:32.179 --> 00:14:35.179
to our corners and call it a day. It's funny,

00:14:35.440 --> 00:14:38.740
right? It sucks that we see the misinformation

00:14:38.740 --> 00:14:41.379
and it frustrates us because we know it's not

00:14:41.379 --> 00:14:44.980
true, right? Like we know you shouldn't be. selling

00:14:44.980 --> 00:14:47.399
the book that's got the stamp on the bottom for

00:14:47.399 --> 00:14:49.600
those watching on YouTube, like as new, right?

00:14:49.679 --> 00:14:51.960
Like this book is not new by any means necessary.

00:14:52.080 --> 00:14:54.039
And people do it and people get away with it.

00:14:54.120 --> 00:14:57.139
And I think that does frustrate and kind of infuriates

00:14:57.139 --> 00:14:59.059
a lot of resellers when people break the rules

00:14:59.059 --> 00:15:00.860
and get away with it. But that doesn't mean you

00:15:00.860 --> 00:15:02.580
should kind of go down the same route. And I,

00:15:02.659 --> 00:15:05.919
thankfully that I've made thousands and thousands

00:15:05.919 --> 00:15:09.379
of YouTube videos. I honestly, Johnny, I'm to

00:15:09.379 --> 00:15:11.320
the point now where if somebody has a question,

00:15:11.460 --> 00:15:14.500
they can just go pull up. my playlist and watch

00:15:14.500 --> 00:15:16.879
a video about selling media on amazon and i'm

00:15:16.879 --> 00:15:20.259
pretty sure i've covered every single thing under

00:15:20.259 --> 00:15:22.179
the sun when it comes to it so i'm just like

00:15:22.179 --> 00:15:25.960
hey if you want to like there's no shortcuts

00:15:25.960 --> 00:15:28.460
right the shortcut is watching the videos right

00:15:28.460 --> 00:15:31.299
like other than that i i don't know what to tell

00:15:31.299 --> 00:15:33.600
people it does you know it sucks for everybody

00:15:33.600 --> 00:15:37.389
because And we look at ourselves as profitable

00:15:37.389 --> 00:15:39.690
business owners. I think a lot of resellers don't

00:15:39.690 --> 00:15:42.009
see it that way. I think the overwhelming majority

00:15:42.009 --> 00:15:44.610
of resellers just think it's some type of get

00:15:44.610 --> 00:15:46.450
rich quick. I don't got to put in much time or

00:15:46.450 --> 00:15:48.649
effort. I'm going to go buy things for five bucks,

00:15:48.730 --> 00:15:50.750
sell them for $50. And that's not true. So we

00:15:50.750 --> 00:15:54.750
do kind of get, I guess, pissed off and slighted

00:15:54.750 --> 00:15:58.990
by the fact that it's spun in a light that it's

00:15:58.990 --> 00:16:02.210
really not, no matter what platform you're selling

00:16:02.210 --> 00:16:08.470
on. Yeah, absolutely. And another one that's

00:16:08.470 --> 00:16:12.649
interesting to me is lines. Everywhere I go,

00:16:12.710 --> 00:16:15.009
there's a line. The few times I got to leave

00:16:15.009 --> 00:16:16.889
the Batcave, I got to stand in line at the post

00:16:16.889 --> 00:16:20.929
office. There is a car in the one unloading place

00:16:20.929 --> 00:16:23.470
at the UPS drop -off point, and now I got to

00:16:23.470 --> 00:16:26.860
go around and park and then... Oh, and the ladies

00:16:26.860 --> 00:16:29.299
have hung around with the owner. And I got to

00:16:29.299 --> 00:16:31.279
wait my turn in line to put my stupid Amazon

00:16:31.279 --> 00:16:36.480
boxes in the cage. And it annoys me so much.

00:16:36.539 --> 00:16:39.100
I hate lines and people getting in. I hate things

00:16:39.100 --> 00:16:41.639
out of my control because I very much want to

00:16:41.639 --> 00:16:44.980
be in control. And when I see something simple

00:16:44.980 --> 00:16:48.120
like that, my brain explodes because it's interfering

00:16:48.120 --> 00:16:51.720
with my day. And I'm a selfish bastard. You are.

00:16:52.440 --> 00:16:56.360
the epitome of an old soul and a young guy's

00:16:56.360 --> 00:16:59.100
body and i think that's a -okay because i do

00:16:59.100 --> 00:17:03.399
think the efficiency right like Maybe I'll start

00:17:03.399 --> 00:17:05.700
comparing you to like the Terminator or something,

00:17:05.859 --> 00:17:07.559
right? Like you're a machine and you're just

00:17:07.559 --> 00:17:09.839
calculated to do things, right? Like that's it,

00:17:09.980 --> 00:17:12.279
right? You got to go. You got to get this done

00:17:12.279 --> 00:17:14.599
in this time frame where like that's it. Like

00:17:14.599 --> 00:17:16.099
something's going to happen. You know, you're

00:17:16.099 --> 00:17:17.619
going to start scanning people with your robot

00:17:17.619 --> 00:17:19.259
eyes and people are going to get terminated.

00:17:19.380 --> 00:17:20.599
99 % of the things you're going to hear me talk

00:17:20.599 --> 00:17:23.079
about today have to do with my time. It's true.

00:17:24.240 --> 00:17:26.000
It's like you're getting in the way. I have a

00:17:26.000 --> 00:17:28.759
schedule to keep. You're throwing it off. You're

00:17:28.759 --> 00:17:35.119
wasting my time. Here's one, and you'll probably

00:17:35.119 --> 00:17:37.319
agree with me, and I've seen you talk about this

00:17:37.319 --> 00:17:40.039
both publicly and in the videos and in the group.

00:17:40.319 --> 00:17:44.200
It's just simple etiquette when you go shopping.

00:17:45.079 --> 00:17:48.119
Don't leave the shelves a mess. Put books back

00:17:48.119 --> 00:17:51.579
where you got them from. Don't shove people out

00:17:51.579 --> 00:17:53.619
of the way or go digging through their carts

00:17:53.619 --> 00:17:58.559
or being rude to the store owner. No, no, come

00:17:58.559 --> 00:18:02.009
on. people none of that please just be a normal

00:18:02.009 --> 00:18:06.569
decent human being i've said it probably starting

00:18:06.569 --> 00:18:10.369
three years ago maybe even earlier in my book

00:18:10.369 --> 00:18:14.589
selling career besides the small group of you

00:18:14.589 --> 00:18:17.329
know members we have and youtube subscribers

00:18:17.329 --> 00:18:20.250
we have and you know the the friends we made

00:18:20.250 --> 00:18:23.950
from doing this the majority of people in this

00:18:23.950 --> 00:18:27.950
space are slobs and they don't care about anything

00:18:27.950 --> 00:18:31.930
or Anyone around them. And that's just my personal

00:18:31.930 --> 00:18:33.930
experience for doing this for years and years.

00:18:34.029 --> 00:18:35.730
I've gone to every type of sale. I've been at

00:18:35.730 --> 00:18:39.250
every type of thrift store. These people do not

00:18:39.250 --> 00:18:42.190
care. Zero. Zero percent care about anything.

00:18:42.789 --> 00:18:48.869
I got a good one. We all hate it. But we have

00:18:48.869 --> 00:18:53.769
to deal with it. And that is paying taxes. Oh,

00:18:53.769 --> 00:18:59.450
man. I got to pay taxes. All right. I guess I'll

00:18:59.450 --> 00:19:03.890
preface this by saying paying taxes sucks 100%.

00:19:03.890 --> 00:19:08.869
I've paid the most taxes I ever have in my lifetime

00:19:08.869 --> 00:19:11.430
over a year span for last year, which means this

00:19:11.430 --> 00:19:13.710
year I'll pay more because my numbers are up

00:19:13.710 --> 00:19:17.390
over last year, right? Gotta get your tax bracket

00:19:17.390 --> 00:19:19.589
down, Mike. Gotta get your tax bracket down.

00:19:19.670 --> 00:19:25.630
It 100 % sucks, but it is necessary for any business.

00:19:26.160 --> 00:19:28.400
right like sure we can all sit here and we can

00:19:28.400 --> 00:19:30.920
say well the big guys don't pay taxes yada yada

00:19:30.920 --> 00:19:33.660
yada well we can't afford the cpas and the professionals

00:19:33.660 --> 00:19:36.240
to get all the loopholes and all the write -offs

00:19:36.240 --> 00:19:38.420
so that we don't have to pay taxes this is just

00:19:38.420 --> 00:19:40.759
a necessary part of having a profitable business

00:19:40.759 --> 00:19:43.180
if you're paying taxes that means you actually

00:19:43.180 --> 00:19:46.200
made money congratulations right if you don't

00:19:46.200 --> 00:19:49.400
pay any taxes on paper your business is not making

00:19:49.400 --> 00:19:52.829
any money right now with resell We can get a

00:19:52.829 --> 00:19:55.109
little wishy -washy with the things we can write

00:19:55.109 --> 00:19:57.589
off, personal expenses and things like that.

00:19:57.630 --> 00:19:58.630
We're not going to get into that. But overall,

00:19:58.809 --> 00:20:02.190
I know we all hate paying taxes, but just know

00:20:02.190 --> 00:20:04.990
the more taxes you pay, the more money you made

00:20:04.990 --> 00:20:08.170
that year. And don't ever buy something just

00:20:08.170 --> 00:20:13.250
for a tax write -off. And yeah, you know, the

00:20:13.250 --> 00:20:15.569
limits are going down, right? It used to be 20K.

00:20:16.359 --> 00:20:18.539
if you used to be used to sit pretty right i'm

00:20:18.539 --> 00:20:20.740
gonna sell nineteen thousand nine hundred ninety

00:20:20.740 --> 00:20:23.400
nine dollars and then i'm shutting off my ebay

00:20:23.400 --> 00:20:26.359
store and that's kind of changed and it sucks

00:20:26.359 --> 00:20:30.359
but you know you you set it aside you as you

00:20:30.359 --> 00:20:33.059
go you should be saving money shouldn't be blowing

00:20:33.059 --> 00:20:35.839
all your money at the casino that you make because

00:20:35.839 --> 00:20:41.579
it's it's like uh you know It's funny, one back

00:20:41.579 --> 00:20:44.259
up on Dave Ramsey. It's not like we don't know

00:20:44.259 --> 00:20:45.900
Christmas is coming, right? So you don't have

00:20:45.900 --> 00:20:47.700
to go into crazy debt to buy Christmas presents.

00:20:48.119 --> 00:20:50.119
It's not like you don't know the tax man's coming

00:20:50.119 --> 00:20:51.759
to get you every year, right? So you just set

00:20:51.759 --> 00:20:55.019
that money aside. So when it comes, I find my

00:20:55.019 --> 00:20:57.779
taxes once I get them. I get all my 1099s from

00:20:57.779 --> 00:21:01.279
like the 30, McDonald's sends me my 1099, all

00:21:01.279 --> 00:21:04.200
the places I work on the side, Burger King, Wendy's,

00:21:04.259 --> 00:21:07.680
whatever it may be. I get all my W -2s, my 1099s.

00:21:07.859 --> 00:21:10.509
Once I got them all, I file it right away because

00:21:10.509 --> 00:21:12.970
I don't want to even think about it. I want it

00:21:12.970 --> 00:21:15.869
all done as quick as possible. Take all my money,

00:21:15.970 --> 00:21:19.390
whatever the government does with it, burns it,

00:21:19.470 --> 00:21:21.509
whatever it may be, as long as I don't wind up

00:21:21.509 --> 00:21:25.990
in jail and I'm all square, so be it. Now, I

00:21:25.990 --> 00:21:27.670
hate paying taxes, too. It's something I got

00:21:27.670 --> 00:21:33.190
to do. And I'm semi -bad on this. I guess Cheryl

00:21:33.190 --> 00:21:35.809
will yell at me later. But I honestly just do

00:21:35.809 --> 00:21:39.289
all my taxes. On one day of the year, it takes

00:21:39.289 --> 00:21:41.890
me about seven hours to compile everything. And

00:21:41.890 --> 00:21:44.450
then I spend an additional one to two hours with

00:21:44.450 --> 00:21:48.509
my tax rep and then we're done. I need to get

00:21:48.509 --> 00:21:50.470
better at that or I need to hire somebody to

00:21:50.470 --> 00:21:53.789
be better at it for me, honestly, because I shouldn't

00:21:53.789 --> 00:21:55.970
wait to the last minute on those. But I'm pretty

00:21:55.970 --> 00:21:57.910
good with the spreadsheet. I'm pretty good at

00:21:57.910 --> 00:22:01.670
filing things. So I think it has worked for me

00:22:01.670 --> 00:22:05.500
every year. I do realize to get the most out

00:22:05.500 --> 00:22:08.960
of it, I should probably either A, set some time

00:22:08.960 --> 00:22:13.339
away or upgrade my tax professional or get a

00:22:13.339 --> 00:22:15.960
second or get a bookkeeper, honestly, to give

00:22:15.960 --> 00:22:19.400
to the tax professional. It's so annoying. I

00:22:19.400 --> 00:22:21.799
hate doing it. Like I made all this money, right?

00:22:21.900 --> 00:22:24.539
Now I got to validate it all. I'm like, why?

00:22:24.839 --> 00:22:27.660
Why? I did all the hard work. You're making me

00:22:27.660 --> 00:22:30.240
work extra. It does feel like extra work, right?

00:22:30.799 --> 00:22:33.400
That's I'm not a fan of doing extra work when

00:22:33.400 --> 00:22:36.339
it comes to I've already done the necessary work

00:22:36.339 --> 00:22:39.619
because I'm a simple man, Mike. I like simplicity

00:22:39.619 --> 00:22:43.880
in my work life. And that is unsimple. I do all

00:22:43.880 --> 00:22:46.720
I I do, you know, QuickBooks self -employed.

00:22:46.720 --> 00:22:49.920
Right. And I maybe I should just hire somebody

00:22:49.920 --> 00:22:52.759
to keep track of it all. But I just trust my

00:22:52.759 --> 00:22:55.480
own judgment because I've been doing it since

00:22:55.480 --> 00:22:59.230
I started that. It takes time, right? Like I

00:22:59.230 --> 00:23:01.269
got a pile of receipts, like an old man in my

00:23:01.269 --> 00:23:02.769
wallet that I got to upload. I got a receipt

00:23:02.769 --> 00:23:04.849
box up there. I just throw it in there until

00:23:04.849 --> 00:23:07.089
that once a year rolls around. Yeah, yeah. So

00:23:07.089 --> 00:23:09.250
like it sucks and it's a time sink, but it's

00:23:09.250 --> 00:23:11.109
necessary if you're going to treat this like

00:23:11.109 --> 00:23:12.970
a business, even if not, right? Even if you're

00:23:12.970 --> 00:23:14.349
part -time now, you're still going to have to

00:23:14.349 --> 00:23:18.029
pay taxes on the shekels you made. And, you know,

00:23:18.109 --> 00:23:19.930
it's just another thing that sucks being a reseller,

00:23:19.950 --> 00:23:22.809
but this is. at the end of the day you don't

00:23:22.809 --> 00:23:24.670
got to be a reseller everything we're talking

00:23:24.670 --> 00:23:27.170
about that you don't got to drive an hour you

00:23:27.170 --> 00:23:29.789
don't got to file your taxes you don't got to

00:23:29.789 --> 00:23:32.210
deal with rising prices at thrift stores it's

00:23:32.210 --> 00:23:34.950
funny like every this is a choice like i guess

00:23:34.950 --> 00:23:37.319
we're just a glut for punishment like hey you

00:23:37.319 --> 00:23:39.619
know this is what it is a thing that sucks for

00:23:39.619 --> 00:23:42.440
resellers for me especially in the book game

00:23:42.440 --> 00:23:45.480
is dealing with large pickups i used to love

00:23:45.480 --> 00:23:48.240
them i first started dude oh man i get a bulk

00:23:48.240 --> 00:23:50.539
buy i'm like i can make a youtube video out of

00:23:50.539 --> 00:23:53.059
this i'm gonna get famous and now i'm like i'm

00:23:53.059 --> 00:23:55.259
the opposite i get a bulk buy i'm like i'm not

00:23:55.259 --> 00:23:57.660
pulling out the gopro because i want this going

00:23:57.660 --> 00:24:00.160
as quick as possible and i could care less what

00:24:00.160 --> 00:24:03.460
the youtube world thinks about this but It's

00:24:03.460 --> 00:24:05.359
necessary in our business, right? Because we

00:24:05.359 --> 00:24:07.980
have to scan thousands and thousands and thousands

00:24:07.980 --> 00:24:10.900
of items to find the profitable ones to resell.

00:24:11.039 --> 00:24:14.299
So having relationships, bulk relationships is

00:24:14.299 --> 00:24:18.980
great, but it also sucks when it's 95 degrees

00:24:18.980 --> 00:24:20.859
out. You know what it is, dude, you're down in

00:24:20.859 --> 00:24:23.019
Texas. I can't even really complain about the

00:24:23.019 --> 00:24:25.160
heat up here, but I was in the storage unit this

00:24:25.160 --> 00:24:27.039
past week and the heat index was like over a

00:24:27.039 --> 00:24:29.160
hundred. And I'm like thinking to myself, like

00:24:29.160 --> 00:24:31.920
who the hell in their right mind wants to, who

00:24:31.920 --> 00:24:36.140
wants to? Be me right now. There's nobody on

00:24:36.140 --> 00:24:40.380
Earth. Well, since you brought that up, I'll

00:24:40.380 --> 00:24:44.500
bring up some of the banes of my existence. Stairs,

00:24:44.619 --> 00:24:50.279
hills, attics, basements. Hate them all. Hate

00:24:50.279 --> 00:24:52.960
them all with a passion. Because usually, if

00:24:52.960 --> 00:24:55.619
they have this, I'm doing a bulk buy, like Mike

00:24:55.619 --> 00:24:59.059
mentioned. And those things get in my way, slow

00:24:59.059 --> 00:25:03.190
me down. And it caused extra pain on my body,

00:25:03.289 --> 00:25:08.630
usually. And I hate them. Going to a library

00:25:08.630 --> 00:25:11.549
with a half -flight of stairs, because you're

00:25:11.549 --> 00:25:13.230
going to go up and you're going to go down, and

00:25:13.230 --> 00:25:14.990
you're not going to be carrying light things

00:25:14.990 --> 00:25:18.869
more than likely doing that. I went to one where

00:25:18.869 --> 00:25:22.049
there was the front stairs, it had a basement,

00:25:22.230 --> 00:25:28.089
and the walkway staircase to get up from the

00:25:28.089 --> 00:25:31.940
basement. Was two flights of stairs. So I'm looking

00:25:31.940 --> 00:25:33.980
at three flights of stairs. I was doing the mic

00:25:33.980 --> 00:25:37.000
routine. Except I wasn't at my home. I was at

00:25:37.000 --> 00:25:40.839
a library. And it was a great deal. But I would

00:25:40.839 --> 00:25:43.420
have passed. If I would have known. There was

00:25:43.420 --> 00:25:45.720
three flights of stairs. Like it registered.

00:25:46.599 --> 00:25:49.079
But I'm like this is too good of a deal. And

00:25:49.079 --> 00:25:52.460
then I do it. I'm like I would have passed. I'm

00:25:52.460 --> 00:25:54.279
halfway through. I should have passed on this

00:25:54.279 --> 00:26:00.529
deal. I should have. And it was. Anyway. ptsd

00:26:00.529 --> 00:26:03.210
moment ladies and gentlemen stairs suck ban in

00:26:03.210 --> 00:26:06.390
my existence and i hate them it's uh i've come

00:26:06.390 --> 00:26:07.789
to live with the stairs because i've been living

00:26:07.789 --> 00:26:09.970
with the stairs since i started this but the

00:26:09.970 --> 00:26:12.029
next one i want to jump into that i personally

00:26:12.029 --> 00:26:14.190
don't deal with but i know a lot of resellers

00:26:14.190 --> 00:26:19.269
hate it um that is prepping your items for photos

00:26:19.269 --> 00:26:22.410
uh and just prepping your items in general so

00:26:22.410 --> 00:26:26.259
amazon land there's no prep all right like The

00:26:26.259 --> 00:26:28.940
books you use book, right? Like it's gone. I'm

00:26:28.940 --> 00:26:31.359
not doing, I'm doing absolutely nothing, right?

00:26:31.440 --> 00:26:34.579
Like it's just a sticker on eBay land. And even

00:26:34.579 --> 00:26:38.319
in Amazon land, if you do this in Amazon land,

00:26:38.400 --> 00:26:40.480
you're a fool. I don't care. I said this a million

00:26:40.480 --> 00:26:43.000
times. All your books are used good condition.

00:26:43.259 --> 00:26:45.240
Condition means absolutely nothing on Amazon.

00:26:45.619 --> 00:26:47.559
It's not going to let you get an extra dollar.

00:26:47.720 --> 00:26:49.279
It's not going to let you get an extra anything.

00:26:49.519 --> 00:26:51.519
You know what's going to let you get? A whole

00:26:51.519 --> 00:26:54.220
damn lot of wasted time. From yourself. That's

00:26:54.220 --> 00:26:56.480
what it's going to get you. But it's a collectible,

00:26:56.500 --> 00:26:59.099
Mike. It goes in a collectible condition. Dude,

00:26:59.099 --> 00:27:01.240
this book's by Carl Sagan. Don't you know who

00:27:01.240 --> 00:27:03.400
he is? Why don't you lick this clean before you

00:27:03.400 --> 00:27:05.380
send it? This needs to be in pristine condition.

00:27:05.519 --> 00:27:07.859
I think this is very good. Wait a minute. But

00:27:07.859 --> 00:27:09.660
he signed it, Mike. He signed it. It's worth

00:27:09.660 --> 00:27:13.019
$10 more. Wait, there's one page highlighted.

00:27:13.259 --> 00:27:15.799
It's not like new now. It's very good. Oh, wait.

00:27:15.859 --> 00:27:18.900
Note that. I can erase that. It's like new. Oh,

00:27:19.000 --> 00:27:23.420
there we go. Dude. I know it sucks and that's

00:27:23.420 --> 00:27:25.440
why I don't do it because it's not required in

00:27:25.440 --> 00:27:28.140
Amazon land. That's why I love Amazon. That's

00:27:28.140 --> 00:27:30.400
why I love it. Just send a little sticker on

00:27:30.400 --> 00:27:33.960
the back, send it on its way. I don't even, I

00:27:33.960 --> 00:27:37.079
don't even waste time with any of it. All right.

00:27:37.339 --> 00:27:40.680
If there's like dog -eared pages, nah, I'm just

00:27:40.680 --> 00:27:42.200
leaving them dog -eared. One page at a time.

00:27:42.460 --> 00:27:45.559
No, like I'm not playing the games and I know

00:27:45.559 --> 00:27:48.579
a lot of people do and I feel bad for eBay sellers

00:27:48.579 --> 00:27:51.390
because. You know, if you don't sell books or

00:27:51.390 --> 00:27:53.390
even if you sell books, if you're selling collectible

00:27:53.390 --> 00:27:55.750
ones, they need to be like the photos got to

00:27:55.750 --> 00:27:58.529
be representative. You want to have a good product

00:27:58.529 --> 00:28:01.529
photo. And I just think people are like they

00:28:01.529 --> 00:28:03.329
buy the clothes or the shoes and then they got

00:28:03.329 --> 00:28:05.710
to take them home. They got to wash them. Right.

00:28:05.789 --> 00:28:07.769
Then you got to dry them. Then you got to hang

00:28:07.769 --> 00:28:10.170
them for the photos. Dude, I'm out. I quit. I'm

00:28:10.170 --> 00:28:14.269
going right back to McDonald's. So for your eBay

00:28:14.269 --> 00:28:16.390
sellers here, because I had to do this last night,

00:28:16.470 --> 00:28:17.630
I'm going to I'm going to give you a little tip.

00:28:18.059 --> 00:28:21.299
To save your life. So, what you're going to need

00:28:21.299 --> 00:28:25.000
is a pocket knife. Hopefully it's sharp. And

00:28:25.000 --> 00:28:26.819
when you get some library books that are going

00:28:26.819 --> 00:28:30.400
to go to eBay, cut that Mylar cover off. Because

00:28:30.400 --> 00:28:32.259
that's where all the stickers are, ladies and

00:28:32.259 --> 00:28:33.900
gentlemen. And all you're left with is a dust

00:28:33.900 --> 00:28:38.759
jacket. And your job of trying to sticker peel

00:28:38.759 --> 00:28:42.380
is over. Um, because without the Mylar cover,

00:28:42.640 --> 00:28:44.440
that's usually where all the stickers are. It's

00:28:44.440 --> 00:28:46.500
rare that they sticker the actual dust jacket

00:28:46.500 --> 00:28:49.380
and not the Mylar cover. You cut that sucker

00:28:49.380 --> 00:28:51.519
off, you throw it away, and you smile and move

00:28:51.519 --> 00:28:53.640
on to the next one. Because now your book looks

00:28:53.640 --> 00:28:55.319
brand spanking new. It's still going to have

00:28:55.319 --> 00:28:58.519
library pockets and library marks, but for photo's

00:28:58.519 --> 00:29:02.529
sake, the stupid library stickers suck. If you're

00:29:02.529 --> 00:29:04.650
brand new, I give you a pass. You can clean all

00:29:04.650 --> 00:29:07.089
your books, your CDs, your DVDs. No, no passes.

00:29:07.150 --> 00:29:09.029
Not even for the new people. They should be better

00:29:09.029 --> 00:29:12.089
day one. Dude, Carl Sagan's like their firstborn,

00:29:12.269 --> 00:29:14.150
right? Like they're sending him off to go be

00:29:14.150 --> 00:29:17.569
a grown boy somewhere. Baby wipe it, yeah. Yeah,

00:29:17.589 --> 00:29:20.750
yeah. But, I mean, as you scale this business,

00:29:20.829 --> 00:29:24.269
processes, that's how you're going to eliminate

00:29:24.269 --> 00:29:27.509
the suck when it comes to photos and prepping.

00:29:28.119 --> 00:29:30.880
And I promise you it's a waste of your time unless

00:29:30.880 --> 00:29:32.359
you're selling something that really needs to

00:29:32.359 --> 00:29:34.720
be cleaned and prepped. Let's just get it listed.

00:29:34.900 --> 00:29:38.579
If it's desirable and it's just one photo, right?

00:29:38.700 --> 00:29:40.859
And this is a super desirable book, for example,

00:29:40.980 --> 00:29:43.759
it'll still sell, right? As long as the photo

00:29:43.759 --> 00:29:45.200
is decent, you don't got to do all these extra

00:29:45.200 --> 00:29:48.380
steps. And I hate to break it to you, but the

00:29:48.380 --> 00:29:50.079
customers are not going to come back to your

00:29:50.079 --> 00:29:53.000
store. Like, I wonder what the percentage of

00:29:53.000 --> 00:29:55.960
return customers on eBay and Amazon is. I know

00:29:55.960 --> 00:29:58.339
an Amazon is like zero. Right. Because nobody

00:29:58.339 --> 00:30:00.160
tracks your storefront on eBay. You can have

00:30:00.160 --> 00:30:02.019
a storefront. You got people follow your storefront.

00:30:02.079 --> 00:30:03.839
So it's probably a little higher there. But I

00:30:03.839 --> 00:30:06.839
still think it's way over exaggerated. The hopes

00:30:06.839 --> 00:30:10.160
and 33 percent over the course of the year. Yeah.

00:30:10.259 --> 00:30:13.680
Yeah. So like it's it's it's crazy to me that

00:30:13.680 --> 00:30:16.599
the things that can frustrate us as resellers.

00:30:16.640 --> 00:30:18.539
You got one more for us before I wrap this up.

00:30:23.950 --> 00:30:26.269
I mean, things I like, I like sorting the books

00:30:26.269 --> 00:30:30.130
for photos, and that's enjoyable, but it does

00:30:30.130 --> 00:30:33.670
get tedious. It is a necessary evil in my line

00:30:33.670 --> 00:30:36.190
of work, especially with adding in consignment,

00:30:36.269 --> 00:30:38.269
because I've got to keep people's stuff separated.

00:30:40.069 --> 00:30:44.269
So yeah, I'll speak to that. So as you do this

00:30:44.269 --> 00:30:45.849
for a minute, you're going to network, you're

00:30:45.849 --> 00:30:47.609
going to make friends with other resellers, and

00:30:47.609 --> 00:30:49.069
eventually you're going to buy from these other

00:30:49.069 --> 00:30:53.480
resellers. Now, spite... what you think in your

00:30:53.480 --> 00:30:56.700
head your your personal standards when shipping

00:30:56.700 --> 00:30:59.900
a box are not theirs oh yeah you get a box with

00:30:59.900 --> 00:31:03.240
a hole in it it's going to be busted open it's

00:31:03.240 --> 00:31:05.519
going to have zero dunnage in there and it's

00:31:05.519 --> 00:31:07.720
half full and it ruined half the book because

00:31:07.720 --> 00:31:11.180
they bounced around like a moon bounce in there

00:31:11.180 --> 00:31:13.220
and they hit one another and punched each other

00:31:13.220 --> 00:31:15.380
in the face and now you can't really sell that

00:31:15.380 --> 00:31:20.130
book so or here's my favorite They didn't check

00:31:20.130 --> 00:31:22.190
for water damage. It's clearly, you can see the

00:31:22.190 --> 00:31:25.230
exterior. The interior people, interior one's

00:31:25.230 --> 00:31:27.569
a little bit more obscure, so I'll give people

00:31:27.569 --> 00:31:30.490
a pass on that. But if it's clearly water damaged

00:31:30.490 --> 00:31:33.329
on the outside, don't send it to me. You wasted

00:31:33.329 --> 00:31:35.710
your shipping money or I wasted my shipping money.

00:31:35.769 --> 00:31:38.609
More importantly, you wasted my time. Don't waste

00:31:38.609 --> 00:31:41.230
Johnny's time. Please and thank you. End of rant.

00:31:43.130 --> 00:31:44.809
I'm going to be straight up with you. When I

00:31:44.809 --> 00:31:46.890
fill up your box like I did yesterday or the

00:31:46.890 --> 00:31:50.250
day before, I forget what day it was. I don't

00:31:50.250 --> 00:31:51.890
care, dude. I just throw the stuff in the box.

00:31:51.910 --> 00:31:54.089
I know you got to deal with it, right? Like the

00:31:54.089 --> 00:31:56.009
first box I sent you, I know there was still

00:31:56.009 --> 00:31:58.289
stickers on the shit. I'm just like... I took

00:31:58.289 --> 00:32:00.670
them off. Yeah, yeah, yeah. You look at your

00:32:00.670 --> 00:32:03.089
photos, there's no stickers in them. But at the

00:32:03.089 --> 00:32:05.589
end of the day, like, you know, he gets his cut,

00:32:05.630 --> 00:32:07.930
I get my cut. And there's so many things that

00:32:07.930 --> 00:32:10.990
are necessary that suck at reselling. And we

00:32:10.990 --> 00:32:12.950
all have to deal with them if we want to continue

00:32:12.950 --> 00:32:16.069
to grow our business and make more money. And

00:32:16.069 --> 00:32:19.259
it's really not that bad, right? if you compare

00:32:19.259 --> 00:32:22.700
it to going to work a job, especially like here

00:32:22.700 --> 00:32:26.279
in Pennsylvania, where the job markets got awful,

00:32:26.559 --> 00:32:29.119
the jobs are terrible. They want you doing a

00:32:29.119 --> 00:32:31.200
million things. They want to pay you 12 bucks

00:32:31.200 --> 00:32:34.000
an hour. And I think to myself every time, like,

00:32:34.039 --> 00:32:37.039
why would somebody work for $12 an hour when

00:32:37.039 --> 00:32:39.880
I'm going to sell Carl Sagan that I paid 49 cents

00:32:39.880 --> 00:32:42.359
for, and I'm going to make over $12 and I'm doing

00:32:42.359 --> 00:32:45.900
like no work. So appreciate the suck, right?

00:32:46.019 --> 00:32:49.900
You know, it sucks, but. It could be a lot suckier,

00:32:49.980 --> 00:32:52.339
I guess, is kind of what we want to get at today.

00:32:52.400 --> 00:32:54.240
And these are things we deal with, but they're

00:32:54.240 --> 00:32:58.220
all overcomable. Is overcomable even a word?

00:32:59.319 --> 00:33:02.660
Overcame in his past tense. Overcame? I don't

00:33:02.660 --> 00:33:07.700
know. I suck with words. Overcomable is the word

00:33:07.700 --> 00:33:09.880
of the day. Overcomable. Maybe that'll just be

00:33:09.880 --> 00:33:12.799
the topic or just be the title of the video.

00:33:13.559 --> 00:33:15.539
Overcomable. And all the grammar Nazis are going

00:33:15.539 --> 00:33:17.160
to leave us a comment. It's going to be great.

00:33:17.690 --> 00:33:19.710
Listen, I just tell everybody I was born in Philly

00:33:19.710 --> 00:33:21.309
in the ghetto. They don't teach these types of

00:33:21.309 --> 00:33:22.789
things in the city, right? I just, you know,

00:33:22.829 --> 00:33:25.190
I'm just a city slicker that I just labels things

00:33:25.190 --> 00:33:27.569
and sends them off to Amazon and I get money

00:33:27.569 --> 00:33:29.069
that flies back at me. So that's going to do

00:33:29.069 --> 00:33:31.069
it for this week's episode. We appreciate you

00:33:31.069 --> 00:33:33.009
watching on YouTube and listening on the podcast

00:33:33.009 --> 00:33:36.430
platform. Thanks for listening to another episode

00:33:36.430 --> 00:33:39.049
of the Reseller's Mindset Podcast. Today's full

00:33:39.049 --> 00:33:41.309
episode and all previous episodes are available

00:33:41.309 --> 00:33:43.809
to all YouTube members along with the weekly

00:33:43.809 --> 00:33:46.569
Zoom call and private Discord. Head on over to

00:33:46.569 --> 00:33:49.369
youtube .com backslash to use book guy and consider

00:33:49.369 --> 00:33:51.390
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