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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The most annoying things me and Johnny get asked.

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This is going to be a fun one. I will try not

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to offend people, but I'm sure I will because

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I guess, you know, the people that ask these

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questions are going to know that they asked the

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question, right? And I will purposely offend

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these people. Johnny's got like a list of names

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and the exact question with the timestamp they

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asked it. So you're all in trouble. I guess I'll

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start. I guess I'll get in the hot water first.

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Most annoying thing I get asked when it comes

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to being a reseller is, I guess, really like.

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the super basic questions of like how how do

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i send my stuff to amazon right like it's kind

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of blanket but it's super beginning and i feel

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like it's annoying and stupid because it is like

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the very first like thing or like even setting

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up like how do i set up an amazon account right

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like i'm not tech support right like i can't

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sure i can tell you to go to amazon .com backslash

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start selling right but like This is so idiotic

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to the level of, I just don't want to deal with

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it. And there are certain things we have to,

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I guess, do ourselves, right? Because that's

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basically what this comes down to. Because you're

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asking me something that's so basic on the basic

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level, where if you just went to Google or went

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to anywhere and typed it in, you would actually

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get a full -blown response. Instead of me sitting

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here trying to, I don't know, like micromanage,

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explain how you send something to Amazon. Yeah,

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that's a fun one. I hate that one, too. I'll

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scratch that one off my list, Max. Anyway, what

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kind of books should I sell, Johnny? I mean,

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that is such a loaded question because everybody's

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region's different, so they have access to different

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material. So, sure, you're new. You don't know

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this. I'll give you a somewhat squintable, hard

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squint pass. But then it's like, the profitable

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ones, dumbass. I mean, they're pretty much asking

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me for a bolo list, essentially, without asking

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for a bolo list. And it's like, well, I don't

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have time, nor do I want to give you a bolo list.

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Yeah, I'm in communities and I'm helpful, but

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there is a secret sauce division of my helpfulness

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where, and I probably said over the years way

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too much, and I probably bred some competition

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that I normally wouldn't have just because they

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were in the dark about it. I can give generals

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what generally sells quick. And not necessarily

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valuable, but like 20, 30 bucks worth. That's

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about as far as I really want to go with it.

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Because everything else is like, do your research,

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dumbass. Dude, you backed yourself into this

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corner, right? Like in all my videos and even

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on the podcast, I say multiple times, like I

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know nothing about books. I'm basically illiterate.

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So I never get asked that question. Well, yeah,

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in Amazon land, you got scanning tools. Those

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are the books you should send in. It's trigger

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-based set. Mine is book knowledge of you got

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to know that it sells without any tools. There

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are some tools out there. I mean, you could use

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the eBay photo app and look up sold comps just

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like you could on anything on eBay. But again,

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laziness. You could use Terapeak and go through

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the different various book categories and see

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what sells for big money. Um, also the other

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part of the loaded question is how are you set

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up? Like, are you the coffee table bookseller?

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Probably not starting out because you're going

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to have way less listings than a smaller book,

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paperback bookseller, or there's books smaller

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than those two. So it really depends on that.

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Or if you got the warehouse and space doesn't

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matter, well, why don't you list them all? And

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why are you asking this asinine question if you

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already got a warehouse? I got one that's not

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even clear. I feel like a lot of these will probably

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hit on newer sellers. But this one is I want

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to pick on people that have been doing this for

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a while. And I get this a lot like how much how

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many pieces of inventory do I need to have or

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like how much in sales do I need to have to make

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X amount of dollars? Right. So I grew up math

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was my favorite school subject. So everything

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can be reverse engineered. So I've probably done

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this like at least a hundred times this year

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for people and I'm kind of burned out on doing

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it. If you just take your numbers and see where

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you're at and compare them to somebody else,

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right? Like I put my numbers out there. Usually

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every two months I'll do a full numbers breakdown

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of how much I made, how many items I sold. All

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you have to do is kind of backtrack that and

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see, all right, well, if you're making a hundred

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thousand dollars and you have. you know, 5 ,000

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pieces of inventory, then you can equate, you

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know, every thousand pieces of inventory to $20

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,000. Right. And it's all reverse engineerable,

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but it's like, they just, people just want me

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to just do it all for them. And I'm just like,

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this is going to be ever changing in your business,

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right? You're going to have a different ASP than

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me. You're going to be sending different amounts,

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but it is still kind of like equatable. And I

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say it all the time. A thousand pieces of inventory,

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I forget the exact number because I've completely

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wiped it out of my memory, is equivalent to like

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between $1 ,500 and like $3 ,500 in sales a month,

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depending on where you're at. So it varies so

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much, but people ask me all the time, like, I

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want to make $1 ,000. How much do I need to sell?

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I'm like, okay, let's do math here. If the average

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sales price of your items is $20, all right.

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How many do you need to get to $1 ,000? Are you

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talking profit or are you just talking sales,

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right? How much is Amazon taking? If Amazon's

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taking 50%, then that needs to double. I'm just

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like, I guess basic math just, it pissed me off

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anymore because I'm just a math guy and I know

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everything can, the math is the math. I'm just

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like, well, just figure it out. Sit down with

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a pen and piece of paper if you got it and just

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write it out. That's what I used to do in my

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YouTube videos. I would write everything out

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before just taking the screenshots of it on my

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phone. you're going to easily equate whatever

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you want to get to how many items you need, how

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much you need to send. It's the same idea of,

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are you growing your inventory? Well, how much

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are you sending a month versus how much you're

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selling a month? It's just common sense mathematics

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in any business, I guess, but it doesn't, it

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doesn't exist out there. And I know a lot of

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experienced people and people, even our group

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asked me this and I literally had the same conversation

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with all of you. Some of you are probably watching

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this. Just run the numbers backwards and you'll

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find out exactly how many pieces you need. I

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got a better one. And I know you don't like lying,

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but just tell them 5 ,000 pieces. I should, right?

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You know, I should. 5K, simple. No more questions,

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no more fun math. And unless they're doing their

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business wrong, like sending in things that won't

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sell. 5 ,000 active pieces in Amazon land is

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going to yield you a pretty nice paycheck. If

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you don't like the numbers after 5 ,000, well,

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send in 10 ,000 and keep going up until you are

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personally satisfied. That's how I would approach

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that. But Mike's a gentleman, a scholar, post

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the scoundrel like I am. Things that annoy me.

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Well, on a similar vein, how many eBay listings

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should I do? Well, what are your items worth?

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Are they worth $10 or are they worth $100? Well,

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okay. The answer is going to vary based off what

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you personally want. I don't know what your goals

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are. Are you the apartment guy who just wants

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to make his rent bill? Are you the guy who wants

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to retire on a private island? Your mileage in

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the answer is really going to vary. And it's

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going to be based off the material. So either

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you list a lot less, but your items got more

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bang for the sale than the $10 an item guy who's

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going to be a pure volume -based business. General

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rule of thumb, and nobody's going to like this

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answer. They never do. And I got this answer

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from Tekken. No, I won't say it was Tekken. It

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was in Chris's old group. I don't remember if

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it came from Chris or Tek. I'm thinking Chris,

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maybe. What's up, Amazon sellers? We wanted to

00:09:11.850 --> 00:09:14.190
take a second to talk about GoToLister, the software

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me and Johnny both use to list and manage our

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inventory and grow our businesses. With the fastest

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listing speeds out there and built -in profit

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analytics, it's a no -brainer. Easily and quickly

00:09:25.129 --> 00:09:28.009
have items available for sale using 2D barcodes

00:09:28.009 --> 00:09:30.350
and get more for your items with its built -in

00:09:30.350 --> 00:09:32.889
smart pricing. Make sure to check out the 30

00:09:32.889 --> 00:09:35.809
-day free trial at gotolister .com backslash

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Mike or using the link in the description below.

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It would be 20 items is considered part -time

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and 30 items is considered full -time. A 10 -item

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separator. But I guarantee you most people don't

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even get to 20 a day. 20 items a day times 7,

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140 items listed a week on eBay is considered

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part -time. Anything above 30 is considered full

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-time. If you can't list 30, and you're treating

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this as full -time, well, it's time to go back

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to that full -time job or switch over to Amazon.

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One I get all the time is whenever I bring it

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up, like, how do you get that relationship with

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the library? I'm just going to start telling

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people, I don't care that I say library, right?

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I don't care about the pronunciations, okay?

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At the end of the day, pronunciations... Mike,

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do you know you're saying library wrong? That

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question annoys me, too, when I see it. library

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l -i -b -e -r -r -y right it's a it's a type

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of berry some type of hybrid like mayberry but

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library i can't even say it like you how do you

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how do i get a a library connection or how do

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i get backroom access well i hate to break it

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to you i mean if we can't it's just common denomination

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like all right i guess unless you built the library

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yourself right then you're automatically right

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it's all yours but like for everybody else right

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you have to i don't know maybe go in maybe talk

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to someone maybe send an email like it is the

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crazy talk no what do they think i do do they

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think like i i just like shoot steroids i get

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all oiled up i go in there ripped looking for

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the old ladies like hey no no You go in and you

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sign their year -long membership, pay a $500

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fee, and this allows you access to the evil council

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of witch librarians. And if you don't tip them

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each $100 and do the hokey pokey, you don't get

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back access. I really think like that's what

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people, I actually was in the back room of one

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of my thrift stores three weeks ago. probably

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three or four weeks ago and you didn't see nothing.

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I didn't tell nobody about it because I didn't

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even want to hear this shit about, yo dude, how'd

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you get in the back room? I literally, Johnny,

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what I was doing, there was a lady walking around

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straightening up the store. I had like a little

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shopping basket full of books and DVDs and they

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had a lot of them. So I'm like digging through

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them. Lady came over and said, hey, you buying

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all those? I said, yeah. She said, I got more

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in the back. Dude, is that that easy? Like if

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you just, and when I'm there, right? I, me and

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you both believe on treating others how we want

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to be treated, right? I'm in the, if I'm in the

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store, it's a little thrift shop. I'm making

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sure the shelf is nice and neat after I'm done

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scanning and screwing it up. I think it's so

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easy to do it, but it still drives me nuts. People

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are like, how'd you get in the back room? Or

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where can I get a library cart full of books?

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And I'm just like, you just got to be personable

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and have conversations. And, you know. It's all

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a service. We're service -based. Provide them

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the service, right? It's not like I pull up to

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the library and I have all the old ladies load

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my car up, right? I'm like, hey, I'll come in

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and I'll load it to the car, right? Resellers

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are scumbags. All you got to do is be the tiniest

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bit of nice and you're already above 95 % of

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the resellers out there in the universe. It's

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the same when you go to a library sale. And all

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the crazy ass people are running around, right?

00:13:12.419 --> 00:13:14.320
I'm just, I just laugh at them. Like, you're

00:13:14.320 --> 00:13:15.779
never going to get nowhere. You're always going

00:13:15.779 --> 00:13:17.740
to be chasing your tail. And that's, but yeah,

00:13:17.779 --> 00:13:20.100
dude, where, how can I get that? How can I get

00:13:20.100 --> 00:13:22.700
that bulk source? I'm just like, I don't know.

00:13:22.740 --> 00:13:27.320
Like Johnny said, I got a little library, witchcraft

00:13:27.320 --> 00:13:29.720
Ouija board over here that every night I go to

00:13:29.720 --> 00:13:33.620
and it tells me where to go. Yeah. I mean, it's,

00:13:33.620 --> 00:13:36.980
it literally is as simple as asking. Those that

00:13:36.980 --> 00:13:39.740
dare to ask a better part of valor. I'm probably

00:13:39.740 --> 00:13:43.500
misquoting that, but you get the idea. Most people

00:13:43.500 --> 00:13:46.799
don't ever ask. They expect that they'll be offered

00:13:46.799 --> 00:13:50.379
it, I think. And why would the librarian even

00:13:50.379 --> 00:13:54.299
think of this? They might at some point if they're

00:13:54.299 --> 00:13:57.840
really savvy. But these people are just doing

00:13:57.840 --> 00:14:01.399
their 9 to 5. They're worker bees. They don't

00:14:01.399 --> 00:14:03.480
really care. You're an inconvenience when you

00:14:03.480 --> 00:14:04.980
come to the counter, and they want you gone as

00:14:04.980 --> 00:14:08.279
fast as possible usually. So if you ask the question,

00:14:08.779 --> 00:14:10.659
they're usually looking for two things. They're

00:14:10.659 --> 00:14:13.580
looking for cash money, or they're looking, like

00:14:13.580 --> 00:14:15.740
Mike said, to have a service offered to them

00:14:15.740 --> 00:14:18.039
to get their time back. Because they got stuff

00:14:18.039 --> 00:14:21.159
maybe building the back room, and they didn't

00:14:21.159 --> 00:14:23.399
even think about somebody daring to ask them

00:14:23.399 --> 00:14:25.639
this question, and now they have a solution to

00:14:25.639 --> 00:14:29.139
the back room problem that they have that's an

00:14:29.139 --> 00:14:32.200
ongoing basis. Because these libraries and thrift

00:14:32.200 --> 00:14:34.679
stores too, they get stuff donated all the time.

00:14:35.200 --> 00:14:39.110
That building is only so big. And that's why

00:14:39.110 --> 00:14:41.929
they do these library sales to thin those back

00:14:41.929 --> 00:14:46.190
rooms out usually. Now, some libraries have like

00:14:46.190 --> 00:14:49.169
a real deal private collection in the back room

00:14:49.169 --> 00:14:53.090
that they may put out a book of that once in

00:14:53.090 --> 00:14:55.570
a blue moon in a special case. And they won't

00:14:55.570 --> 00:14:57.269
let you touch those books or go anywhere near

00:14:57.269 --> 00:14:59.429
them and they'll never sell them to you. But

00:14:59.429 --> 00:15:01.610
that notwithstanding, they usually have the run

00:15:01.610 --> 00:15:04.950
of the mill. They don't perceive value in those

00:15:04.950 --> 00:15:07.210
kind of books. For us Amazon and eBay sellers,

00:15:07.350 --> 00:15:10.009
there's huge value in it. They care about the

00:15:10.009 --> 00:15:14.230
ultra -rare 1700s leather -bound inked -in -blood

00:15:14.230 --> 00:15:16.950
kind of books. Those are precious to them, and

00:15:16.950 --> 00:15:18.570
they will keep and hold on to those until the

00:15:18.570 --> 00:15:24.009
end of time. Things that annoy me. Let's see

00:15:24.009 --> 00:15:30.529
here. It's really a lump -all question of how

00:15:30.529 --> 00:15:35.399
do I do this. Where do I do that? And a lot of

00:15:35.399 --> 00:15:39.620
those answers are really Google -able. Google

00:15:39.620 --> 00:15:43.360
that shit. You can really Google it. I promise.

00:15:43.440 --> 00:15:46.320
Type it in. Maybe YouTube it if you can't find

00:15:46.320 --> 00:15:49.659
a Google search. And after that, your question

00:15:49.659 --> 00:15:51.879
is then valid to me. If you haven't done those

00:15:51.879 --> 00:15:54.960
two simple things, your question's invalid. And,

00:15:55.000 --> 00:15:57.659
well, I've been using this word a lot today.

00:15:58.259 --> 00:16:02.750
Dumbass. Yeah, I think. I think it's honestly,

00:16:02.990 --> 00:16:06.129
I think the society we are creating as human

00:16:06.129 --> 00:16:09.909
beings is it's all just everybody else does it

00:16:09.909 --> 00:16:11.990
for you. Right. Like I don't have to do anything

00:16:11.990 --> 00:16:14.809
myself. Right. And that's why I keep it at two

00:16:14.809 --> 00:16:16.610
dollars and ninety nine cents, because if somebody

00:16:16.610 --> 00:16:19.129
asked me a question like you're paying me two

00:16:19.129 --> 00:16:21.110
dollars and ninety nine cents. Right. Like I

00:16:21.110 --> 00:16:23.049
don't have the time of day. Like, let's let's

00:16:23.049 --> 00:16:24.990
be honest. Like if I see the question, I'll answer

00:16:24.990 --> 00:16:28.009
it. But like overall, like you said, these things

00:16:28.009 --> 00:16:32.809
are so. basic and silly. And I'm going to piggyback

00:16:32.809 --> 00:16:37.629
on that one with the next one I got is if somebody's

00:16:37.629 --> 00:16:41.090
like thinking about buying like a huge lot, they

00:16:41.090 --> 00:16:43.929
put it out for everybody else's opinion. Should

00:16:43.929 --> 00:16:47.250
I buy this, Johnny? Should I buy this lot? And

00:16:47.250 --> 00:16:50.370
there's 35 photos. I don't work for you, photo

00:16:50.370 --> 00:16:54.070
guy or girl. I'm just thinking myself like if

00:16:54.070 --> 00:16:56.370
we can't make the decision ourselves based on

00:16:56.370 --> 00:16:59.740
the photos, like why would you ever? Like, all

00:16:59.740 --> 00:17:02.080
right, I'll ask Deb sometimes like, hey, what

00:17:02.080 --> 00:17:04.319
do you think of this? Right. But like, I'm not

00:17:04.319 --> 00:17:06.380
going to ask random people on the Internet, be

00:17:06.380 --> 00:17:08.420
like, hey, is this a good lot? Like, yeah, I

00:17:08.420 --> 00:17:11.359
can take a quick look at it. But then I guess

00:17:11.359 --> 00:17:13.299
it's just a cop out. So if it sucks, you can

00:17:13.299 --> 00:17:15.819
just blame me. Right. Like if Johnny tells me

00:17:15.819 --> 00:17:17.940
to buy it, it sucks. And like, Johnny, you owe

00:17:17.940 --> 00:17:19.940
me ten thousand dollars that I pay for those

00:17:19.940 --> 00:17:22.319
hundred DVDs. Right. I guess that's why people

00:17:22.319 --> 00:17:25.279
don't sell paperbacks because they don't do work

00:17:25.279 --> 00:17:27.220
like I do. They buy them and they try to sell

00:17:27.220 --> 00:17:29.920
them and they get. two dollars i'm like well

00:17:29.920 --> 00:17:31.500
there's a reason you got two dollars because

00:17:31.500 --> 00:17:36.319
you made a two dollar listing i don't know man

00:17:36.319 --> 00:17:40.339
it just it drives me nuts because if you if it

00:17:40.339 --> 00:17:43.599
doesn't seem like it's a good deal to you all

00:17:43.599 --> 00:17:46.720
right i i go on facebook marketplace there's

00:17:46.720 --> 00:17:49.670
his deals it looks terrible to me But I still

00:17:49.670 --> 00:17:51.490
put it out there. And Johnny's like, it's a great

00:17:51.490 --> 00:17:53.390
deal. And I'm like, just because Johnny says

00:17:53.390 --> 00:17:55.109
it's a good deal, if I think it's a shit deal,

00:17:55.210 --> 00:17:56.869
I don't care if Johnny says this is the greatest

00:17:56.869 --> 00:17:58.970
deal he's ever seen in his life. I'm not buying

00:17:58.970 --> 00:18:01.609
the damn thing. But people are like, I guess

00:18:01.609 --> 00:18:04.329
people are influenced by others. i understand

00:18:04.329 --> 00:18:06.630
that to a degree if you're brand new but then

00:18:06.630 --> 00:18:08.849
i would just say why are you trying to buy all

00:18:08.849 --> 00:18:11.210
these items in bulk if you're brand new right

00:18:11.210 --> 00:18:12.890
you should have a little bit of knowledge under

00:18:12.890 --> 00:18:15.009
your belt before you're buying a thousand dvds

00:18:15.009 --> 00:18:16.950
and you're not going to be able to see every

00:18:16.950 --> 00:18:20.049
single title and most of the times i'm not looking

00:18:20.049 --> 00:18:22.089
any of the titles up right i'm just saying how

00:18:22.089 --> 00:18:24.710
many they got or that their photos look decent

00:18:24.710 --> 00:18:26.369
do they look like they're in half decent condition

00:18:26.369 --> 00:18:29.329
and is the price right i don't do any type of

00:18:29.869 --> 00:18:31.529
I'm going to look up every DVD in this tote to

00:18:31.529 --> 00:18:33.190
see if it's worth it. Now, I don't do any of

00:18:33.190 --> 00:18:35.650
that, but it just drives me nuts because who

00:18:35.650 --> 00:18:37.069
cares what other people think? You're the one

00:18:37.069 --> 00:18:38.450
that's got to pay the money out of pocket. You're

00:18:38.450 --> 00:18:40.930
the one that's got to go do the work. Exactly.

00:18:40.950 --> 00:18:42.950
And I'll touch on that in just a minute. But

00:18:42.950 --> 00:18:48.349
like he was saying, what may be a good deal to

00:18:48.349 --> 00:18:52.029
me may be a horrible deal to him. I have access

00:18:52.029 --> 00:18:54.569
to knowing how to sell that or who to sell it

00:18:54.569 --> 00:18:58.029
to. Mike may not have that or you may not have

00:18:58.029 --> 00:19:00.059
that. Just because I think it's a great deal,

00:19:00.160 --> 00:19:03.960
I have the means to liquidate it by my means,

00:19:04.059 --> 00:19:06.160
whether that's on eBay, whether that's a phone

00:19:06.160 --> 00:19:10.960
call, whether it's to some brick and mortar store

00:19:10.960 --> 00:19:13.240
that loves those things. I have access to that.

00:19:13.339 --> 00:19:16.740
You don't. So it may be a horrible deal, even

00:19:16.740 --> 00:19:19.980
though I say it's a great deal. So if you don't

00:19:19.980 --> 00:19:23.099
know how to sell it, it's probably not worth

00:19:23.099 --> 00:19:25.920
your time to pick up. Unless, again, you have

00:19:25.920 --> 00:19:28.750
a solution to that. There are consignment things

00:19:28.750 --> 00:19:31.490
out there. Again, there are bookstore relationships

00:19:31.490 --> 00:19:37.650
you can make. There are Amazon and eBay are also

00:19:37.650 --> 00:19:39.950
options. But if you don't know that off the get,

00:19:40.170 --> 00:19:44.309
don't pick it up. It's not for you. Unless you're

00:19:44.309 --> 00:19:47.230
trying to learn, like, I don't know how to sell

00:19:47.230 --> 00:19:48.609
this, but I'm going to learn everything about

00:19:48.609 --> 00:19:51.230
how to sell. Good for you. That is the price

00:19:51.230 --> 00:19:53.849
of knowledge, you learning. And on those notes.

00:19:54.769 --> 00:19:57.109
I'm going to steal one of Mike's again, but I

00:19:57.109 --> 00:20:00.390
have a different answer why I hate it. The photo

00:20:00.390 --> 00:20:02.230
thing. And I'm talking about you're at an estate

00:20:02.230 --> 00:20:04.869
sale, and you take a picture of the whole bookcase.

00:20:05.190 --> 00:20:08.190
Hey, guys, what's valuable here? What should

00:20:08.190 --> 00:20:12.789
I pick up? Fuck you. I'm not your employee. I'm

00:20:12.789 --> 00:20:15.369
not doing the work for you, jackass. There's

00:20:15.369 --> 00:20:16.990
going to be a lot of swearing on this podcast,

00:20:17.089 --> 00:20:21.500
and I'm not sorry. I do not work for you. Why

00:20:21.500 --> 00:20:24.220
are you wasting my time and everybody else's

00:20:24.220 --> 00:20:26.059
time by asking that? I get it. You're wanting

00:20:26.059 --> 00:20:31.099
an answer and, I don't know, quote -unquote community,

00:20:31.440 --> 00:20:34.839
save me time. I get that. But for me to even

00:20:34.839 --> 00:20:37.539
read your message, I'm like, waste of time. They

00:20:37.539 --> 00:20:39.279
don't even know what they're doing. It takes

00:20:39.279 --> 00:20:41.319
more time to take a photo and upload it than

00:20:41.319 --> 00:20:43.869
it is to just look the items up. Yeah, do your

00:20:43.869 --> 00:20:45.769
research there. With that phone, you just took

00:20:45.769 --> 00:20:48.670
a photo. I hope it's a phone that you took a

00:20:48.670 --> 00:20:52.529
photo of and look them up. If you don't do it

00:20:52.529 --> 00:20:55.890
and you got a, I don't know, gut instinct feeling,

00:20:56.069 --> 00:20:59.230
well, take the risk. If you're really unsure

00:20:59.230 --> 00:21:02.650
and tentative, don't take the risk. It's as simple

00:21:02.650 --> 00:21:07.849
as that. But I'm sorry, that one annoys me the

00:21:07.849 --> 00:21:11.509
most. And worse than that, we'll get the wall

00:21:11.509 --> 00:21:13.769
of bookshelf. There's hundreds of books there.

00:21:13.990 --> 00:21:16.970
You can't even zoom in. I can't even read the

00:21:16.970 --> 00:21:19.650
title. Some of the books are flipped upside down.

00:21:20.109 --> 00:21:22.769
Fuck you. It's like that meme where the guy's

00:21:22.769 --> 00:21:24.410
trying to read the thing. He's like this close

00:21:24.410 --> 00:21:30.250
to it. Dude, that's AI's around the corner. We'll

00:21:30.250 --> 00:21:32.089
never have to do it again. They can just plug

00:21:32.089 --> 00:21:35.309
it into some AI software somewhere. And that'll

00:21:35.309 --> 00:21:39.210
wipe our hands clean of the, hey, Johnny, is

00:21:39.210 --> 00:21:41.670
there anything profitable behind me in these

00:21:41.670 --> 00:21:44.029
warehouse shelves there? Can you figure it out?

00:21:47.269 --> 00:21:49.490
I'm going to put it on a script a little bit.

00:21:50.210 --> 00:21:56.809
Questions that we wish people asked us. I'll

00:21:56.809 --> 00:21:59.329
start out because I've got one in my head, right?

00:22:00.710 --> 00:22:04.799
How much driving? does the used book i do in

00:22:04.799 --> 00:22:08.380
a week right like how long are you sitting in

00:22:08.380 --> 00:22:11.519
the car listening to the dave ramsey podcast

00:22:11.519 --> 00:22:14.440
every single week right like it's not it's funny

00:22:14.440 --> 00:22:16.859
because these things are so pertinent to like

00:22:16.859 --> 00:22:20.259
the ins and outs of my business but like to the

00:22:20.259 --> 00:22:22.700
most least exciting things but like if i told

00:22:22.700 --> 00:22:24.680
people hey you're gonna have to drive you know

00:22:24.680 --> 00:22:28.960
some weeks you know 15 20 hours maybe even 25

00:22:28.960 --> 00:22:31.799
hours like people are going to check out instantly

00:22:31.799 --> 00:22:34.099
right like they think i just go to like my local

00:22:34.099 --> 00:22:36.759
i walk to all my thrift stores johnny you don't

00:22:36.759 --> 00:22:38.799
even need a car right they think it's just that

00:22:38.799 --> 00:22:41.339
easy i'm just like hey if you guys understood

00:22:41.339 --> 00:22:44.140
like a red wagon behind you yeah like tomorrow

00:22:44.140 --> 00:22:46.299
i'm gonna be way out going to a library sale

00:22:46.299 --> 00:22:48.279
i'm gonna be driving it's gonna be you know an

00:22:48.279 --> 00:22:51.019
hour and probably 15 minutes one way i'm gonna

00:22:51.019 --> 00:22:52.799
hit thrift stores and then i gotta go to the

00:22:52.799 --> 00:22:54.660
library sale and i'm gonna be out basically from

00:22:54.660 --> 00:22:57.220
eight to eight it's not exciting but nobody ever

00:22:57.220 --> 00:23:01.019
asked me about that I guess it paints a clearer

00:23:01.019 --> 00:23:04.460
picture, and I could talk about it here and there

00:23:04.460 --> 00:23:07.420
passing by on YouTube videos, but I can't just

00:23:07.420 --> 00:23:09.019
do a YouTube video of me just sitting in the

00:23:09.019 --> 00:23:14.000
car listening to podcasts all day. Here is a

00:23:14.000 --> 00:23:16.299
question I would love to ask. I've yet to be

00:23:16.299 --> 00:23:18.660
asked this, and now I'll only be asked it because

00:23:18.660 --> 00:23:22.000
I'm mentioning it on this podcast. I know. Johnny,

00:23:22.079 --> 00:23:25.319
what's an original book -selling idea that I

00:23:25.319 --> 00:23:27.559
could do? Because I see everybody else doing...

00:23:27.710 --> 00:23:30.569
Basically the same thing. Where's the hole in

00:23:30.569 --> 00:23:33.329
the market that I can fill? I would love to answer

00:23:33.329 --> 00:23:35.329
that question. That'd be a great question. We've

00:23:35.329 --> 00:23:37.549
talked about some ideas here on the podcast,

00:23:37.650 --> 00:23:40.950
but no one in our group, I'm talking to you group

00:23:40.950 --> 00:23:44.450
with my sad eye face, has ever asked this question

00:23:44.450 --> 00:23:47.289
about how to be original. Because I get people

00:23:47.289 --> 00:23:51.029
to look at my store. I got people, we got people

00:23:51.029 --> 00:23:53.619
that copy Mike. verbatim nothing wrong with that

00:23:53.619 --> 00:23:55.700
that's what the group's here for but they never

00:23:55.700 --> 00:23:59.900
go outside the box or experiment um well i'm

00:23:59.900 --> 00:24:01.519
not gonna say they never experiment but they

00:24:01.519 --> 00:24:04.200
don't experiment in the way i'm trying to describe

00:24:04.200 --> 00:24:06.599
they're not trying to be no one's ever done this

00:24:06.599 --> 00:24:08.500
before they're not pushing the boundaries and

00:24:08.500 --> 00:24:10.579
the argument can be made there are no more boundaries

00:24:10.579 --> 00:24:13.000
to push but i call bullshit there are plenty

00:24:13.000 --> 00:24:16.000
oh yeah i agree there's always different things

00:24:16.000 --> 00:24:18.330
you can do there's always different completely

00:24:18.330 --> 00:24:20.849
different out of the box ideas that are out there.

00:24:20.869 --> 00:24:22.369
And like you said, we've talked about some crazy

00:24:22.369 --> 00:24:25.650
ideas and there's people out there making lots

00:24:25.650 --> 00:24:27.309
of money with some of those ideas, right? We

00:24:27.309 --> 00:24:29.549
talked about doing like the book saves or even

00:24:29.549 --> 00:24:32.369
the book art, right? Like there's so many different

00:24:32.369 --> 00:24:34.509
things you can do with media besides just sell

00:24:34.509 --> 00:24:37.750
the actual item as the item that it is. And that's

00:24:37.750 --> 00:24:39.230
just the beginning of it, right? Johnny's not

00:24:39.230 --> 00:24:41.630
even talking about just being like, all right,

00:24:41.630 --> 00:24:44.009
well, why don't you just be like the most, I

00:24:44.009 --> 00:24:45.450
haven't thought about doing this, right? What

00:24:45.450 --> 00:24:47.910
if you just cornered the market? What if I said

00:24:47.910 --> 00:24:51.589
I'm going to be the only damn railroad bookseller

00:24:51.589 --> 00:24:54.829
out there? Yeah. And I just go buy every single

00:24:54.829 --> 00:24:58.009
railroad book. I crush my competition. And then

00:24:58.009 --> 00:25:00.650
basically, I can control the market prices on

00:25:00.650 --> 00:25:03.230
maybe it's not even all railroads. Maybe it's

00:25:03.230 --> 00:25:05.390
like the Lionel trains, right? So every Lionel

00:25:05.390 --> 00:25:07.869
train book, I'm going to own. And I'm going to

00:25:07.869 --> 00:25:10.009
decide what the price is. And whenever it pops

00:25:10.009 --> 00:25:12.190
up for $5, I'm going to buy it. And I'm going

00:25:12.190 --> 00:25:14.309
to sell it on mine for $20. I think there's so

00:25:14.309 --> 00:25:16.049
many different things we can do. But you're right.

00:25:16.089 --> 00:25:18.460
Number one. Nobody wants to be a specialist.

00:25:18.599 --> 00:25:20.940
They want to go the tried and true method. Nothing

00:25:20.940 --> 00:25:23.859
wrong with the tried and true method, but we

00:25:23.859 --> 00:25:26.400
ask the question, what are questions we would

00:25:26.400 --> 00:25:28.680
love to hear? I would love to hear that. I would

00:25:28.680 --> 00:25:30.759
probably sit down with that person and talk with

00:25:30.759 --> 00:25:33.619
them for an hour or more. You could do this.

00:25:33.619 --> 00:25:37.799
You could do that. If you do this, you then open

00:25:37.799 --> 00:25:39.500
it up and then we can talk about sell through

00:25:39.500 --> 00:25:42.119
and then we can talk about dollars and or your

00:25:42.119 --> 00:25:44.279
ASP in dollars and this kind of deal, like which

00:25:44.279 --> 00:25:46.400
avenue do you want to go? What's abundant in

00:25:46.400 --> 00:25:50.339
your area? Like like like Texana books, if you're

00:25:50.339 --> 00:25:52.079
the Texana bookseller, I mean, you're going to

00:25:52.079 --> 00:25:55.440
have a very curated list of people to sell to

00:25:55.440 --> 00:25:58.359
or the I mean, we talked about it. If you were

00:25:58.359 --> 00:26:02.400
literally the Bible hymnal seller or the local

00:26:02.400 --> 00:26:06.549
signed author seller. Or the surfboard bookseller

00:26:06.549 --> 00:26:10.490
or movie seller or the soundtrack only seat.

00:26:10.529 --> 00:26:12.509
See, these are just, see how quick that comes?

00:26:12.869 --> 00:26:16.430
Like that. There's like, what could I do to be

00:26:16.430 --> 00:26:20.970
that guy or that girl? I mean, there are so many

00:26:20.970 --> 00:26:24.549
cool ways you could go. I went kind of, I mean,

00:26:24.549 --> 00:26:26.369
even Maya's not technically specialized. It's

00:26:26.369 --> 00:26:28.890
just. Old vintage paperbacks, it's pretty generic,

00:26:28.990 --> 00:26:31.430
but everybody thinks that's super niched down.

00:26:31.549 --> 00:26:34.210
Well, it's really not. If I was the vintage horror

00:26:34.210 --> 00:26:36.569
paperback seller and now we're talking, that's

00:26:36.569 --> 00:26:40.849
niched. Yeah, it's for the sake of me and Johnny

00:26:40.849 --> 00:26:42.569
not getting asked all these questions. Those

00:26:42.569 --> 00:26:44.589
are the only two we are going to give you for

00:26:44.589 --> 00:26:48.309
questions we want to be asked. I'm going to get

00:26:48.309 --> 00:26:53.170
back to my last one I have for this episode is.

00:26:54.250 --> 00:26:58.029
Oh, what should I be doing for taxes? Oh, God.

00:26:58.210 --> 00:27:02.750
I am not a CPA tax professional, yada, yada,

00:27:02.750 --> 00:27:05.670
yada, yada, yada, yada. There's people in your

00:27:05.670 --> 00:27:08.430
local area that do local small business taxes.

00:27:08.529 --> 00:27:11.690
And there's plenty of resources out there where

00:27:11.690 --> 00:27:15.089
you can get and find out information about bookkeeping

00:27:15.089 --> 00:27:19.670
and taxes for you as a sole proprietor, S Corp,

00:27:19.670 --> 00:27:24.160
L Corp. m corp p corp whatever damn corp you

00:27:24.160 --> 00:27:29.359
want to be llc ceo cfo i don't even know but

00:27:29.359 --> 00:27:33.019
it's like it's always people that are like they

00:27:33.019 --> 00:27:35.220
haven't even sold their first damn item yet and

00:27:35.220 --> 00:27:37.759
they want to know should i be an s corp i don't

00:27:37.759 --> 00:27:40.759
even know what an s corp is i i don't operate

00:27:40.759 --> 00:27:43.140
as one i appreciate you asking me i don't know

00:27:43.140 --> 00:27:46.599
maybe i i have no idea but the tax questions

00:27:46.599 --> 00:27:49.440
and the bookkeeping questions oh my there's even

00:27:49.440 --> 00:27:51.339
groups out there like just go go to cheryl's

00:27:51.339 --> 00:27:53.980
page join her group she's a certified professional

00:27:53.980 --> 00:27:56.420
she'll take care of you like asking your average

00:27:56.420 --> 00:27:58.420
show blow reseller which i'm here to tell you

00:27:58.420 --> 00:28:00.819
most of them probably file their taxes absolutely

00:28:00.819 --> 00:28:03.500
wrong especially when you come across them on

00:28:03.500 --> 00:28:05.359
the youtube realm or they don't file taxes at

00:28:05.359 --> 00:28:08.400
all right uh the good old i didn't make 20k so

00:28:08.400 --> 00:28:12.710
i'm gonna file tax shit uh but i i'm not I'm

00:28:12.710 --> 00:28:14.450
not going to give advice on these things because

00:28:14.450 --> 00:28:16.670
it's different for everybody. I don't know how

00:28:16.670 --> 00:28:18.329
you operate your business, but it pisses me off.

00:28:18.369 --> 00:28:22.210
This is such a technical question and literally

00:28:22.210 --> 00:28:26.569
has legal trouble behind it if you get the wrong

00:28:26.569 --> 00:28:29.809
one. If I told everybody, dude, go be an escort.

00:28:30.250 --> 00:28:32.710
Don't file taxes. You'll be fine. We'll all wind

00:28:32.710 --> 00:28:36.869
up in jail together. A similar one to me is,

00:28:36.970 --> 00:28:41.190
what credit card should I have? What should I

00:28:41.190 --> 00:28:43.289
be getting for a credit card to run my business?

00:28:43.529 --> 00:28:47.869
I heard cash back is good. The answer to that

00:28:47.869 --> 00:28:51.029
is so loaded, it depends what you are. If you

00:28:51.029 --> 00:28:55.509
travel a lot, a travel -based cash back card

00:28:55.509 --> 00:28:57.990
or points card is better for you than a cash

00:28:57.990 --> 00:29:03.069
back person. Which one offers percentages? Which

00:29:03.069 --> 00:29:07.190
ones have caps? Which one's unlimited? Um, can

00:29:07.190 --> 00:29:10.190
I combine a bunch of these into a center thing?

00:29:10.369 --> 00:29:13.390
Like Jack, he's a master at that. He spends time

00:29:13.390 --> 00:29:16.890
and research doing that. And again, there are

00:29:16.890 --> 00:29:20.650
other people on YouTube and elsewhere that specialize

00:29:20.650 --> 00:29:24.230
in that answer. Um, they are qualified to give

00:29:24.230 --> 00:29:26.630
their expert opinion. And again, it's just that

00:29:26.630 --> 00:29:29.589
an opinion because every, just like what kind

00:29:29.589 --> 00:29:32.390
of books I should sell, it's going to be different

00:29:32.390 --> 00:29:34.250
for answers going to be different based off what

00:29:34.250 --> 00:29:37.349
you personally. or wanting i can't give you an

00:29:37.349 --> 00:29:40.349
answer to that yeah american gold card deal with

00:29:40.349 --> 00:29:43.390
that no don't do that yeah well whatever the

00:29:43.390 --> 00:29:45.569
hell uh whatever we tell you i guess you know

00:29:45.569 --> 00:29:48.730
i guess it all comes back to to wrap this episode

00:29:48.730 --> 00:29:52.369
up is that people trust us johnny and it's not

00:29:52.369 --> 00:29:54.650
that we don't want to answer questions we enjoy

00:29:54.650 --> 00:29:57.470
answering questions i enjoy sitting on the discord

00:29:57.470 --> 00:29:59.829
and answering questions from time to time but

00:29:59.829 --> 00:30:02.950
there are definitely a large amount of questions

00:30:02.950 --> 00:30:06.730
that you spend more time asking than if you just

00:30:06.730 --> 00:30:08.970
went to google and like it's those things where

00:30:08.970 --> 00:30:11.009
you start typing it in google and it auto it's

00:30:11.009 --> 00:30:13.049
like it knows you're going to ask it right like

00:30:13.049 --> 00:30:15.769
those are the types of questions we kind of i

00:30:15.769 --> 00:30:20.410
don't know they irritate us and i i guess you

00:30:20.410 --> 00:30:22.950
know what did i say every quite no question is

00:30:22.950 --> 00:30:26.380
a dumb question but I think in today's world,

00:30:26.519 --> 00:30:29.539
when it comes to starting a business, like how

00:30:29.539 --> 00:30:32.380
do I open an Amazon account is a dumb question.

00:30:32.480 --> 00:30:36.660
Like I think there are exceptions to that. No

00:30:36.660 --> 00:30:38.519
question, it's a dumb question. So that's going

00:30:38.519 --> 00:30:40.660
to do it for this week's episode. I wish somebody

00:30:40.660 --> 00:30:45.660
would ask me why I'm going bald at age 37. Nobody

00:30:45.660 --> 00:30:47.339
ever asked me, Johnny. I guess nobody really

00:30:47.339 --> 00:30:50.279
cares about my hair or my looks. And I guess

00:30:50.279 --> 00:30:51.980
I just have to live with that. And I'll give

00:30:51.980 --> 00:30:54.259
you the answer. It's because I worked at CVS

00:30:54.259 --> 00:30:56.980
for over 10 years and they just ran me into the

00:30:56.980 --> 00:30:59.400
ground and I lived on Pringles and Arizona teas,

00:30:59.519 --> 00:31:03.039
right? So all my hair nutrients just, I guess

00:31:03.039 --> 00:31:04.400
it went away. So that's going to do it for this

00:31:04.400 --> 00:31:05.980
week's episode. We'll talk to you all next week.

00:31:06.509 --> 00:31:08.450
Thanks for listening to another episode of the

00:31:08.450 --> 00:31:11.269
Reseller's Mindset Podcast. Today's full episode

00:31:11.269 --> 00:31:13.650
and all previous episodes are available to all

00:31:13.650 --> 00:31:16.130
YouTube members, along with the weekly Zoom call

00:31:16.130 --> 00:31:18.609
and private Discord. Head on over to youtube

00:31:18.609 --> 00:31:21.569
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00:31:21.569 --> 00:31:23.170
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