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Welcome back to another episode of the Resellers Mindset

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podcast.

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

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

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We help people start and grow their reselling businesses

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from the ground up.

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We also have a weekly Zoom call and private Discord

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for all YouTube members.

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Head on over to youtube.com backslash

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used book guy to join the channel

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and gain access to the full length podcast Zoom call

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and private Discord today.

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Let's get into this week's episode.

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What is up, everybody?

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Welcome into episode 12.

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Help me out here.

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I got 10.

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You need to wait.

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There we go.

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Episode 12 here of Resellers Mindset podcast.

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Today's topic is going to be everything related

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to part time reselling, whether you want to stay part time

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or whether you're trying to transition into full time.

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We're both full time sellers here, me and Johnny B.

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So it's a little bit hard looking back for us,

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but we both started as part time sellers, believe it or not.

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So we do have retrospect and kind of the learning curve

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we went through when we were part time working full time

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jobs on the side.

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So this is going to be a fun call.

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And I always say that in all my YouTube videos

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that being part time is a lot harder than being full time.

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And you would agree.

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100%.

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It's just one of those things where

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if you're not always in the game,

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it's harder to kind of get in and out of the game, right?

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Because you're not always focused on that.

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You have something else going on.

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And there's many reasons, right?

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Whether it's financially, relationship wise, families,

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everything takes a piece out of your life.

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And there's nothing wrong with being part time.

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It's just a little bit harder to kind of navigate your way

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and kind of figure out what works best for you

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if you want to keep this part time or turn it into full time,

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trying to get it to a point where you can quit your job

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or take this to a full time level.

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So I'm going to give you a little bit of,

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actually, I'll let you go first.

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Give me a little bit of your experience

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with being a part time seller when you were working.

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Sure.

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So I started my whole reselling career.

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I dabbled in reselling, but I started my part time

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reselling, what I consider actual part time reselling,

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in October of 2021.

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Yeah, I haven't been doing this this long, guys.

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Look at me.

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So in December, I made the choice,

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this is what I want to do with my life.

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And I was silly, but in a good way.

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So I gave my work a three month notice in January.

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My last day was March 31.

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And I started full time April 1.

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Don't know why I chose that date.

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Irony, I guess.

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Which coincidentally was the company I was working for

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is Anniversary 2.

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So that's also double kicker.

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But I gave them three months.

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They, I had to train everybody.

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I was part of the condition,

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because I was a partner in this company I walked away from.

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So I had a lot of responsibility.

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Made a lot of money with that company.

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And they were sad to see me go.

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And I had to train,

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how many people did they replace me with?

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Two, three, about six people I had to train to replace me.

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And they didn't get paid nearly what I got paid.

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Which I also found amusing.

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So while I was doing my part time,

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but I think that's the thing.

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When you're part time, you think about it so much more.

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Cause it's that anticipation to get to it.

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But you got to do all your other responsibilities

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before you can.

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So it's always burning on your mind.

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It's a little bit different when you're full time,

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because you're not craving it like you once were.

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You're just going through it.

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Cause that's your job now, right?

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I miss that feeling a little bit, just a little.

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Because it was like every spare moment,

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I'm writing something on my notes

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that I want to do for my reselling business

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when I'm able to get to it.

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It's that waiting game to when I can get to it.

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And then when I'm doing it,

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try to remember from long ago,

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when I get to it, it was like so much fun and exciting.

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It's like dating for a new person

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for that newness thing, I guess.

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So what did you decide to start reselling

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because maybe you weren't fulfilled at your previous job,

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or was it just something you kind of wanted

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to try on the side and kind of see

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what you could do with it?

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Why you still work there

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and you didn't plan on like ever leaving?

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I made a lot of money doing what I did.

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I had two full-time jobs.

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I had my own business and I was a partner

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in another business.

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So for all intents and purposes,

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I've made it in life, right?

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I wasn't happy and it had nothing to do with the work.

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Well, there's stresses in any job, right?

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So that's normal.

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Tossing that aside,

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I wasn't fulfilled.

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I was doing good work, excellent work,

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but I wasn't satisfied there.

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Reselling, I got that feeling

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and I haven't had that in most any job I've been in,

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either owning my own business or working for somebody.

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But I did with the reselling

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and that's when I knew what I wanna do

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with the rest of my life.

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And I'm 35 for those that don't know.

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So figuring that out, it took me 35 years, right?

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Some people know what they wanna do

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when they come out of the womb.

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Others, it takes a while.

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I was one of those that took a while.

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Even though I did the adulting things

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while I was figuring my own self out,

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I thought I was gonna be working my two other jobs,

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well, my businesses rather forever,

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because I never got that feeling

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and I wasn't really looking for it either.

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I just kind of stumbled upon it.

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Like this is really fun.

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I could do this every day.

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I love doing this.

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I want to do this every day.

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How do I do this every day?

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And then I went down that road and then I became full-time.

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I would say like it was kind of the same for me,

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but I guarantee you I wanted out of my job

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a lot more than you wanted out of your job.

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I was a store manager with CVS.

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I hated my life.

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It was miserable.

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They had decent retirement.

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They matched 5%.

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So that's kind of the reason I hung on as long as I could

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to just keep my retirement money going in.

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And believe it or not,

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Deb probably told me a year,

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maybe even longer than that,

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before I actually quit to quit

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because she had a side business.

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I was making decent money on the side with reselling.

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Back then I was an everything seller, right?

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That was kind of the big thing.

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Like, yeah, you go on YouTube,

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everybody's selling everything, right?

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All the YouTube channels, they're selling whatever.

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You can make a buck on.

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Times were a lot different back then.

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And I was just like, all right, I can do this on the side.

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The problem when you're trying to balance

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that part-time full-time is that if your full-time

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is taking too much time out of your week,

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you're screwed, right?

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You can't get out.

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Maybe you can get out once a week.

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And then you gotta figure out when you can ship an order,

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something like those.

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So it's like, I wasn't as nice as Johnny B.

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He gave a three month notice.

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I left in the middle of my shift.

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That's how pissed off I was at that place.

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And 10 years of my life down the twos.

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But anyway, that doesn't matter.

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I was building this up on the side

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and I got it to a point where I could walk away.

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And that was the best feeling I had.

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But it did take a lot of work.

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So kind of juggling the work of part-time full-time

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when you were doing it, did you have like,

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I know you're real like, you're one of these guys

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that have everything scheduled, right?

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You're on a plan.

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I'm kind of the opposite.

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I just ride my horse around town.

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It works for you so I don't judge you.

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If it didn't work, I would judge you.

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Whatever comes around, comes around, right?

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I'm ready for any duels, any blocks I go on.

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But how did you kind of balance it

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knowing that you're so organized with your time

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when you were working full-time

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and then trying to do this part-time?

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How do I juggle all three?

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Yeah, like, did you have like certain days set out

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like for your reselling on the side?

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Or did you just kind of, well, I got off work early today,

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let me go do it.

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See, with mine, it was more intensive.

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I need to be the computer at a moment's notice, right?

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So I made, it was every day.

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I did something with my reselling business every day.

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Not necessarily sourcing every day.

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I had to plan that in particular.

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Like I knew we were less busy on the weekends

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and less critical things can go wrong on the weekends.

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So that's when I would do my sourcing.

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But I would also plan, how do I get back

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in less than 30 minutes if an emergency happens?

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Because like I said, most of the time isn't all the time.

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So in a moment's notice, I needed to drop

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whatever I was doing, leave wherever I had planned to go

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and go deal with emergency, which did happen

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during the course of those three months.

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Well, six months, because it was October, 2021.

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So I limited myself, my little bubble.

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I couldn't go out more than 30 miles, essentially,

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or 20 miles, which was beneficial.

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I found a lot of places I probably wouldn't,

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I would have probably started at all the goodwill chains,

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like everybody else, right?

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If I went in a bigger bubble.

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For those that don't know, I live in a rural area.

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So bigger bubbles, probably a two hour radius

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instead of 30 minutes or 20 minutes.

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And as far as my listing things, I made sure I do it

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around 11 to midnight at night,

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because that was after most everybody else goes to bed.

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I was the guy that always had to stay up late,

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even though I own my own businesses.

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I was part of another one,

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but everybody else had usually gone to bed.

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So I knew I wasn't getting any phone calls.

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I knew I wasn't gonna get any private messages on Facebook

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or text messages to go fix something critical,

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unless it was critical.

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But I was monitoring the critical systems.

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So I would know if the emergency was going on.

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So I had that luxury going on for me.

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But yes, I did have a sleep schedule.

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So I had to get in bed by 2 a.m.

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to get up at like six or 7 a.m.

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Those were the fun days back then.

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So I had a cutoff time too.

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For those that are doing part time

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with a rigid or fixed schedule,

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I would allocate whatever time you need,

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minimum sleep amount you need,

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do get your rest, rest is important.

263
00:09:55,880 --> 00:09:58,480
Just make sure you're functional for your main job

264
00:09:58,480 --> 00:10:00,040
is the issue.

265
00:10:00,040 --> 00:10:02,280
And then there would be little breaks here and there

266
00:10:02,280 --> 00:10:04,560
between my day-to-day workflow,

267
00:10:04,560 --> 00:10:07,280
like before, after hours, quote unquote,

268
00:10:07,280 --> 00:10:08,680
that I could sneak some stuff in,

269
00:10:08,680 --> 00:10:11,200
either research, price comp.

270
00:10:11,200 --> 00:10:12,280
And I just do it in little chunks,

271
00:10:12,280 --> 00:10:14,600
like five minutes here, 10 minutes there,

272
00:10:14,600 --> 00:10:17,040
it adds up through the course of the day, every day.

273
00:10:19,240 --> 00:10:22,240
You're definitely a model part-time citizen over there,

274
00:10:22,240 --> 00:10:23,080
right?

275
00:10:23,080 --> 00:10:25,920
Like me, I kinda was the opposite.

276
00:10:25,920 --> 00:10:27,400
It was almost as if,

277
00:10:27,400 --> 00:10:29,080
because being the store manager,

278
00:10:29,080 --> 00:10:31,160
I was always on call, kinda like you,

279
00:10:31,160 --> 00:10:32,800
but mine wasn't computer-based, right?

280
00:10:32,800 --> 00:10:35,560
If somebody called out, I had to go to the actual store.

281
00:10:35,560 --> 00:10:37,080
Physical location, yeah.

282
00:10:37,080 --> 00:10:40,160
And be there, or the alarm goes off, I gotta be there,

283
00:10:40,160 --> 00:10:42,640
and I gotta go there any time of the night.

284
00:10:42,640 --> 00:10:44,240
It was a little different.

285
00:10:44,240 --> 00:10:46,160
I would say I had the luxury is I was remote.

286
00:10:46,160 --> 00:10:48,360
I didn't have to go into an office for my day job.

287
00:10:48,360 --> 00:10:49,880
It was all from my house.

288
00:10:49,880 --> 00:10:53,800
So I could get away with the crap I'm talking about right now.

289
00:10:53,800 --> 00:10:57,120
Yeah, and you still had a bit more of a plan than I had,

290
00:10:57,120 --> 00:10:59,360
because honestly, when I was sourcing, it was,

291
00:10:59,360 --> 00:11:01,320
okay, am I off today?

292
00:11:01,320 --> 00:11:02,880
When am I two days off during the week?

293
00:11:02,880 --> 00:11:04,880
Well, what do me and Deb have to do, right?

294
00:11:04,880 --> 00:11:07,080
And then another thing I gotta factor in is,

295
00:11:08,120 --> 00:11:10,720
you gotta spend time with your significant other.

296
00:11:10,720 --> 00:11:13,720
I can't just kinda just do what I want on my own,

297
00:11:13,720 --> 00:11:15,160
especially if I only have two days off.

298
00:11:15,160 --> 00:11:17,280
I'm working 55 hours a week.

299
00:11:17,280 --> 00:11:19,920
I really wasn't seeing Deb that much at the time,

300
00:11:19,920 --> 00:11:21,920
so I had to take that into consideration.

301
00:11:21,920 --> 00:11:23,120
And that kinda brings me to a point

302
00:11:23,120 --> 00:11:25,320
where I wanted to bring up is,

303
00:11:25,320 --> 00:11:27,840
if you're reselling and you have a significant other,

304
00:11:27,840 --> 00:11:31,880
maybe children, kids, maybe try to get them involved, right?

305
00:11:31,880 --> 00:11:34,400
I always, Deb likes going into thrift stores now

306
00:11:34,400 --> 00:11:36,080
and kinda looking for herself.

307
00:11:36,080 --> 00:11:38,920
And at the beginning, it kinda wasn't her favorite thing

308
00:11:38,920 --> 00:11:42,520
to do because, hey, you're not off as much.

309
00:11:42,520 --> 00:11:43,840
Why are we going to a thrift store

310
00:11:43,840 --> 00:11:46,000
when I barely even see you during the week?

311
00:11:46,000 --> 00:11:48,760
So that was another thing I had to juggle

312
00:11:48,760 --> 00:11:50,320
doing this part-time and full-time.

313
00:11:50,320 --> 00:11:52,080
And luckily, back then,

314
00:11:52,080 --> 00:11:54,400
I think you could get more bang for your buck

315
00:11:54,400 --> 00:11:55,560
when it came to flipping items

316
00:11:55,560 --> 00:11:57,800
because not a lot of people were doing it.

317
00:11:57,800 --> 00:12:00,280
So you could walk into a thrift store

318
00:12:00,280 --> 00:12:02,600
and maybe if you only go once a week,

319
00:12:02,600 --> 00:12:06,400
you can find $300 and one thrift store, one trip.

320
00:12:06,400 --> 00:12:07,920
I think those days are kind of gone,

321
00:12:07,920 --> 00:12:08,960
so it's gotten a little bit,

322
00:12:08,960 --> 00:12:11,920
it's definitely gotten harder to find profitable items

323
00:12:11,920 --> 00:12:13,040
in thrift stores because thrift stores

324
00:12:13,040 --> 00:12:14,200
are looking their stuff up now.

325
00:12:14,200 --> 00:12:17,240
But when it comes to relationships,

326
00:12:17,240 --> 00:12:18,880
in addition to your full-time job

327
00:12:18,880 --> 00:12:20,600
and trying to do this part-time,

328
00:12:20,600 --> 00:12:22,840
get them involved, get your significant other involved,

329
00:12:22,840 --> 00:12:24,760
get your kids involved, cut them a piece,

330
00:12:24,760 --> 00:12:26,880
have them do something in the business,

331
00:12:26,880 --> 00:12:28,280
or just bring them with you and say,

332
00:12:28,280 --> 00:12:30,640
hey, go buy a toy.

333
00:12:30,640 --> 00:12:33,440
The wife wants to shop around for jackets or whatever.

334
00:12:33,440 --> 00:12:34,280
Go for it, right?

335
00:12:34,280 --> 00:12:35,100
You're at the thrift store,

336
00:12:35,100 --> 00:12:36,360
you're not gonna pay nowhere near as much.

337
00:12:36,360 --> 00:12:39,120
So you're gonna be saving your family money either way

338
00:12:39,120 --> 00:12:40,840
if they're just shopping in there for stuff.

339
00:12:40,840 --> 00:12:43,520
So I think that was an important thing for me

340
00:12:43,520 --> 00:12:45,960
is just kind of getting Deb on board

341
00:12:45,960 --> 00:12:47,600
because if she never would have been on board,

342
00:12:47,600 --> 00:12:49,360
then this wouldn't have left her ground at all

343
00:12:49,360 --> 00:12:51,840
because I'd have been like, well, the hell with thrift

344
00:12:51,840 --> 00:12:53,360
and I'm not even gonna waste my time doing it

345
00:12:53,360 --> 00:12:54,200
if you don't wanna do it.

346
00:12:54,200 --> 00:12:55,800
And that's the way it should be.

347
00:12:55,800 --> 00:12:59,640
You shouldn't do this and go against your significant other

348
00:12:59,640 --> 00:13:00,480
just to resell.

349
00:13:00,480 --> 00:13:02,680
It's gotta be, you gotta be on a team

350
00:13:02,680 --> 00:13:04,680
where it's just not gonna work.

351
00:13:04,680 --> 00:13:08,320
And you brought up a good point that I didn't factor in.

352
00:13:08,320 --> 00:13:09,360
Yeah, you have Deb.

353
00:13:09,360 --> 00:13:10,720
I had no one.

354
00:13:10,720 --> 00:13:13,600
Not to say I didn't have girlfriends or whatever

355
00:13:13,600 --> 00:13:16,240
were doing my three jobs back then

356
00:13:17,480 --> 00:13:20,040
or two jobs before I started reselling.

357
00:13:20,040 --> 00:13:25,040
My issue there is when you're working those kinds of jobs,

358
00:13:25,280 --> 00:13:26,520
I don't know how many hours you were doing.

359
00:13:26,520 --> 00:13:28,720
I was doing 120, 140 a week.

360
00:13:28,720 --> 00:13:32,520
I do about 107 to 110 a week with reselling now,

361
00:13:32,520 --> 00:13:33,840
which is less than what it was,

362
00:13:33,840 --> 00:13:36,480
but it's hard to have that significant other

363
00:13:36,480 --> 00:13:39,340
with that intense of a work schedule.

364
00:13:39,340 --> 00:13:41,580
You can, it's doable.

365
00:13:41,580 --> 00:13:42,980
I've done it before.

366
00:13:42,980 --> 00:13:44,260
Sometimes for long periods of time,

367
00:13:44,260 --> 00:13:46,060
sometimes for short periods of time.

368
00:13:46,060 --> 00:13:47,180
Cause the significant other,

369
00:13:47,180 --> 00:13:49,380
that's a hard pill for them to swallow that

370
00:13:50,700 --> 00:13:54,020
at least on my end, it's work needs to get done.

371
00:13:54,020 --> 00:13:55,760
And then there's us time.

372
00:13:58,020 --> 00:13:59,020
That's very difficult.

373
00:13:59,020 --> 00:14:00,140
And I understand that.

374
00:14:00,140 --> 00:14:02,460
I think that was probably the main reason

375
00:14:02,460 --> 00:14:07,100
she even wanted to help is because I was working so much.

376
00:14:07,100 --> 00:14:09,860
So like, I mean, I miss some like, all right,

377
00:14:09,860 --> 00:14:11,020
it's gonna sound dramatic.

378
00:14:11,020 --> 00:14:14,420
You know, like you miss stuff like of your kid's life,

379
00:14:14,420 --> 00:14:15,700
like, you know, because you're working.

380
00:14:15,700 --> 00:14:17,740
Well, it's the same thing like with your significant other

381
00:14:17,740 --> 00:14:19,620
or like, for example, our cats, you know,

382
00:14:19,620 --> 00:14:20,660
we treat them like our kids.

383
00:14:20,660 --> 00:14:23,780
It's like, I miss so much like different things with them

384
00:14:23,780 --> 00:14:25,700
just because I was stuck working

385
00:14:25,700 --> 00:14:26,780
when I didn't wanna be there.

386
00:14:26,780 --> 00:14:29,180
So I think that's kind of what got her on board.

387
00:14:29,180 --> 00:14:32,160
And another thing for us at least,

388
00:14:32,160 --> 00:14:33,920
growing up broke in the cities

389
00:14:33,920 --> 00:14:35,540
and being in all this credit card debt

390
00:14:35,540 --> 00:14:37,140
and digging our way out,

391
00:14:37,140 --> 00:14:40,220
that was a huge motivator for us to go out

392
00:14:40,220 --> 00:14:43,780
and you know, start this part-time is to have extra money.

393
00:14:43,780 --> 00:14:45,920
So instead of paying 40 bucks on the credit card,

394
00:14:45,920 --> 00:14:47,440
we're paying a hundred bucks.

395
00:14:47,440 --> 00:14:49,060
And then once you get rid of that credit card debt,

396
00:14:49,060 --> 00:14:50,340
we get rid of the card

397
00:14:50,340 --> 00:14:52,120
and it's like a burden off your shoulders

398
00:14:52,120 --> 00:14:54,220
because when you're in debt all those years

399
00:14:54,220 --> 00:14:56,340
and you're living, you know, dollar to dollar,

400
00:14:56,340 --> 00:14:58,140
it changes your perspective.

401
00:14:58,140 --> 00:15:00,740
And that was like a huge motivating thing for us.

402
00:15:00,740 --> 00:15:02,980
And that's the reason we got out of debt

403
00:15:02,980 --> 00:15:05,500
was because I started hustling harder

404
00:15:05,500 --> 00:15:07,100
and we just started throwing more money at it.

405
00:15:07,100 --> 00:15:09,260
And now, you know, it's a completely different story.

406
00:15:09,260 --> 00:15:10,660
We don't have to worry about

407
00:15:10,660 --> 00:15:13,180
any financial concerns that come up,

408
00:15:13,180 --> 00:15:15,020
but it was one of those things where you gotta kinda,

409
00:15:15,020 --> 00:15:16,100
you gotta be on the same page

410
00:15:16,100 --> 00:15:18,380
because if you're not, it's just not gonna work.

411
00:15:18,380 --> 00:15:19,220
No, exactly.

412
00:15:19,220 --> 00:15:20,340
And I 100% agree with that.

413
00:15:20,340 --> 00:15:21,540
You guys became a team.

414
00:15:21,540 --> 00:15:23,980
You guys set that goal together.

415
00:15:23,980 --> 00:15:25,500
I'd love to find somebody like that,

416
00:15:25,500 --> 00:15:30,180
that would like, hey, this is the show.

417
00:15:30,180 --> 00:15:33,340
Do you wanna come along and participate kinda deal?

418
00:15:33,340 --> 00:15:35,700
I don't think it works any other way, right?

419
00:15:35,700 --> 00:15:37,060
I don't think so either.

420
00:15:37,060 --> 00:15:38,740
And obviously it doesn't because I'm single right now.

421
00:15:38,740 --> 00:15:39,780
So there you go.

422
00:15:39,780 --> 00:15:42,700
So it's like one of those things where I know

423
00:15:42,700 --> 00:15:45,780
you have like this definitive list of questions

424
00:15:45,780 --> 00:15:47,940
like on your first and second date, right?

425
00:15:47,940 --> 00:15:49,460
You know, the interview date, right?

426
00:15:49,460 --> 00:15:50,380
Yeah. You wanna get married.

427
00:15:50,380 --> 00:15:51,220
You wanna have kids.

428
00:15:51,220 --> 00:15:52,380
Do you wanna resell?

429
00:15:54,380 --> 00:15:55,220
It's number three on the list.

430
00:15:55,220 --> 00:15:58,100
It should be number one, but it's number three.

431
00:15:58,100 --> 00:16:00,260
So like- We'll ease into that one.

432
00:16:01,260 --> 00:16:03,180
There's gotta be a buffer zone.

433
00:16:03,180 --> 00:16:04,980
Everybody has to be on the same page with this

434
00:16:04,980 --> 00:16:07,500
because you can get carried away and you know,

435
00:16:07,500 --> 00:16:08,780
you get excited when you're out there

436
00:16:08,780 --> 00:16:11,180
and you find that all these things that are worth money,

437
00:16:11,180 --> 00:16:12,020
but just realize-

438
00:16:12,020 --> 00:16:14,020
And so necessarily they have to participate either.

439
00:16:14,020 --> 00:16:16,020
They can just support.

440
00:16:16,020 --> 00:16:18,300
And it can be just be emotional support

441
00:16:18,300 --> 00:16:19,860
or you're having a stressful day.

442
00:16:19,860 --> 00:16:22,100
They'll wanna talk to you about it.

443
00:16:22,100 --> 00:16:24,780
They don't have to be a reseller themselves,

444
00:16:24,780 --> 00:16:27,660
but they can support your reselling lifestyle, I think.

445
00:16:27,660 --> 00:16:29,460
Or understand like, hey, you know,

446
00:16:29,460 --> 00:16:31,180
you gotta go to the thrift store tonight

447
00:16:31,180 --> 00:16:33,420
so we can pay a little bit more extra money

448
00:16:33,420 --> 00:16:35,620
on the credit cards or the mortgage or the car,

449
00:16:35,620 --> 00:16:36,740
something like that.

450
00:16:36,740 --> 00:16:37,820
You wanna go to Hawaii?

451
00:16:37,820 --> 00:16:41,180
Great. I need to do this so we can go to Hawaii.

452
00:16:41,180 --> 00:16:44,700
All right. So now this is gonna be the hardest thing

453
00:16:44,700 --> 00:16:47,500
for me and Johnny B to talk about here is

454
00:16:47,500 --> 00:16:51,660
being part-time and wanting to stay part-time, right?

455
00:16:51,660 --> 00:16:54,420
A lot of people out there have amazing jobs,

456
00:16:54,420 --> 00:16:57,180
amazing benefits, retirement, everything like that.

457
00:16:57,180 --> 00:16:59,260
So they're like, hey, I just wanna do this

458
00:16:59,260 --> 00:17:00,780
on the side for fun.

459
00:17:00,780 --> 00:17:02,900
It's kinda like digging for treasure, right?

460
00:17:02,900 --> 00:17:05,260
You're out at thrift stores, seeing what you can find,

461
00:17:05,260 --> 00:17:07,540
especially if it's stuff that interests you.

462
00:17:07,540 --> 00:17:10,500
I mean, if you're into shoes, sneakers, anything like that,

463
00:17:10,500 --> 00:17:12,420
then it's something that interests you, excites you.

464
00:17:12,420 --> 00:17:15,180
Maybe you find stuff for yourself while you're out.

465
00:17:15,180 --> 00:17:19,180
But wanting to stay part-time is it's super hard

466
00:17:19,180 --> 00:17:23,420
to think about and trying to have like a business plan

467
00:17:23,420 --> 00:17:26,980
to stay part-time and keep it part-time.

468
00:17:26,980 --> 00:17:28,780
So I'm gonna let you hit a few things first here

469
00:17:28,780 --> 00:17:30,860
before I chime in a little bit.

470
00:17:30,860 --> 00:17:32,220
Well, I have one question for you.

471
00:17:32,220 --> 00:17:33,900
And I think I may have an answer,

472
00:17:33,900 --> 00:17:35,700
but I want your answer and take on it.

473
00:17:35,700 --> 00:17:38,060
What are we defining hours per week

474
00:17:38,060 --> 00:17:40,500
or hours per month as part-time?

475
00:17:40,500 --> 00:17:45,500
I would say it's gotta be five to 15 hours.

476
00:17:46,540 --> 00:17:49,100
Yeah, I was at 15 to maybe 17 hours a week,

477
00:17:49,100 --> 00:17:50,100
I would say it would be part-time.

478
00:17:50,100 --> 00:17:51,820
I think 15 is on the high end though.

479
00:17:51,820 --> 00:17:53,740
I think a lot of people doing this part-time

480
00:17:53,740 --> 00:17:57,060
are gonna be probably 10 or under.

481
00:17:57,060 --> 00:17:59,500
Even with the drive time and haul back time and all that?

482
00:17:59,500 --> 00:18:00,340
Even with the drive time,

483
00:18:00,340 --> 00:18:01,460
because think about it, like you said,

484
00:18:01,460 --> 00:18:03,540
you're not going as far because you're doing this part-time.

485
00:18:03,540 --> 00:18:04,740
Maybe you're only going to your local stores.

486
00:18:04,740 --> 00:18:05,820
Yeah, like you're doing what I did,

487
00:18:05,820 --> 00:18:07,620
the 30 minute or 20 minute radius.

488
00:18:07,620 --> 00:18:08,460
Okay, that makes sense.

489
00:18:08,460 --> 00:18:10,860
Okay, I'm down with 15 on the high then.

490
00:18:10,860 --> 00:18:11,700
All right, yeah.

491
00:18:11,700 --> 00:18:14,540
So hit a few things here.

492
00:18:14,540 --> 00:18:16,260
If you were gonna stay part-time,

493
00:18:16,260 --> 00:18:18,100
how would you go about doing this?

494
00:18:19,420 --> 00:18:20,780
I would set the goal.

495
00:18:20,780 --> 00:18:22,980
What is the goal with my part-time money?

496
00:18:22,980 --> 00:18:24,540
How much extra do I wanna make?

497
00:18:24,540 --> 00:18:25,900
Is it an extra thousand?

498
00:18:25,900 --> 00:18:27,820
Would I live a comfortable lifestyle

499
00:18:27,820 --> 00:18:29,460
with whatever other income I'm doing,

500
00:18:29,460 --> 00:18:32,780
whether it's social security or your day job?

501
00:18:32,780 --> 00:18:35,980
And I just need that extra part-time reselling money

502
00:18:35,980 --> 00:18:37,700
to give myself an extra thousand bucks

503
00:18:37,700 --> 00:18:39,580
because I get all my bills paid.

504
00:18:39,580 --> 00:18:41,260
I have some throw around money

505
00:18:41,260 --> 00:18:42,780
or maybe I'm saving up for that

506
00:18:42,780 --> 00:18:44,940
once or twice a year vacation.

507
00:18:44,940 --> 00:18:47,140
It's your fun money essentially

508
00:18:47,140 --> 00:18:48,780
because you need your primary stuff

509
00:18:48,780 --> 00:18:51,820
to pay all your bills, eat.

510
00:18:51,820 --> 00:18:53,220
Eating is important, I guess.

511
00:18:54,060 --> 00:18:56,460
And maybe go out on the weekend

512
00:18:56,460 --> 00:18:58,300
with your significant other or your family,

513
00:18:58,300 --> 00:18:59,420
take them to the zoo.

514
00:18:59,420 --> 00:19:01,340
Zoos are fun, I hear.

515
00:19:01,340 --> 00:19:02,180
I got monkeys.

516
00:19:04,300 --> 00:19:07,660
Yeah, it's like, what is your reselling money for?

517
00:19:07,660 --> 00:19:09,860
Maybe it's to pay off credit card debt, like you mentioned.

518
00:19:09,860 --> 00:19:11,060
Maybe that's the point.

519
00:19:12,700 --> 00:19:14,540
First off, the monkey exhibits at the zoos

520
00:19:14,540 --> 00:19:16,980
are some of the best ones, all right?

521
00:19:16,980 --> 00:19:19,740
Growing up in Philadelphia, Philadelphia has a great zoo.

522
00:19:19,740 --> 00:19:21,420
It's huge.

523
00:19:21,420 --> 00:19:22,860
I remember going there on field trips

524
00:19:22,860 --> 00:19:23,860
like every year in school.

525
00:19:23,860 --> 00:19:25,700
I always go to the Philadelphia Zoo.

526
00:19:26,620 --> 00:19:27,620
It's super fun.

527
00:19:29,300 --> 00:19:32,100
But yeah, so you gotta kind of limit yourself, right?

528
00:19:32,100 --> 00:19:34,540
If you wanna stay part-time, you can't,

529
00:19:34,540 --> 00:19:37,540
like we're saying, what's the hour range, right?

530
00:19:37,540 --> 00:19:38,660
If you're gonna stay part-time,

531
00:19:38,660 --> 00:19:42,140
you have to consider things like that

532
00:19:42,140 --> 00:19:43,740
because you're gonna keep this part-time.

533
00:19:43,740 --> 00:19:45,620
You don't want it to become more than that, right?

534
00:19:45,620 --> 00:19:47,100
You don't want it to be a burden.

535
00:19:47,100 --> 00:19:48,220
I guess that's the big thing.

536
00:19:48,220 --> 00:19:50,140
You don't want it to become a hassle.

537
00:19:50,140 --> 00:19:51,940
You wanna do this part-time kinda,

538
00:19:51,940 --> 00:19:56,340
just basically freelancing on the side, make extra money.

539
00:19:56,340 --> 00:19:57,580
So you gotta limit yourself, right?

540
00:19:57,580 --> 00:19:59,700
So what happens if you're part-time

541
00:19:59,700 --> 00:20:01,500
and you wanna keep this part-time

542
00:20:01,500 --> 00:20:03,860
and you start finding all of this good stuff, right?

543
00:20:03,860 --> 00:20:06,220
All of a sudden, your income starts going up, right?

544
00:20:06,220 --> 00:20:09,060
You're like, whoa, I just did five grand on eBay this month

545
00:20:09,060 --> 00:20:12,020
and I put in eight hours a week.

546
00:20:12,020 --> 00:20:14,940
It's, that's where you're gonna be challenged

547
00:20:14,940 --> 00:20:16,060
if you're gonna stay part-time

548
00:20:16,060 --> 00:20:19,740
because you see the potential of reselling, right?

549
00:20:19,740 --> 00:20:24,740
That's enticing, but maybe that's not reality, right?

550
00:20:24,820 --> 00:20:25,660
That's just an inflow.

551
00:20:25,660 --> 00:20:28,220
Maybe you found one item that was a thousand dollar item.

552
00:20:28,220 --> 00:20:29,780
So your numbers are kinda skewed,

553
00:20:29,780 --> 00:20:31,500
but in your mind, you see that overall number

554
00:20:31,500 --> 00:20:33,180
and you're like, wait a minute, you know?

555
00:20:33,180 --> 00:20:35,380
So staying part-time, you gotta,

556
00:20:35,380 --> 00:20:37,660
I think you gotta take the Johnny B route

557
00:20:37,660 --> 00:20:41,100
and be more disciplined and more scheduled out, right?

558
00:20:41,100 --> 00:20:42,540
Because this is something you don't wanna take

559
00:20:42,540 --> 00:20:43,900
to that next level.

560
00:20:43,900 --> 00:20:46,620
So you have to take your losses with your wins

561
00:20:46,620 --> 00:20:47,540
because no matter what,

562
00:20:47,540 --> 00:20:49,900
you're not trying to build this into something more.

563
00:20:49,900 --> 00:20:52,140
So if you go out and you say, hey, I'm going out once a week

564
00:20:52,140 --> 00:20:55,180
and you go out that one time a week and you find nothing,

565
00:20:55,180 --> 00:20:56,060
you have to eat that.

566
00:20:56,060 --> 00:20:58,180
You have to say, hey, I did what I could.

567
00:20:58,180 --> 00:20:59,020
I went out this week.

568
00:20:59,020 --> 00:21:00,300
I didn't find anything.

569
00:21:00,300 --> 00:21:03,060
It is what it is because this is the time you allot for it

570
00:21:03,060 --> 00:21:05,940
because you don't want it to be more than part-time.

571
00:21:05,940 --> 00:21:08,580
Right, and I'm gonna pull a feather out of your cap.

572
00:21:08,580 --> 00:21:12,620
I would, if you're doing eBay and Amazon, I would,

573
00:21:12,620 --> 00:21:14,540
your listings are small.

574
00:21:14,540 --> 00:21:19,540
You don't do, I wouldn't even do what other people say

575
00:21:20,260 --> 00:21:22,180
at what part-time on eBay would be 20.

576
00:21:22,180 --> 00:21:26,220
Now that's too much for a part-time person and do Amazon.

577
00:21:26,220 --> 00:21:28,540
Your listings need to be probably 10 or under.

578
00:21:30,260 --> 00:21:33,620
I mean, you do one a day or maybe two or three.

579
00:21:33,620 --> 00:21:35,300
That's fine, I think with what you're doing

580
00:21:35,300 --> 00:21:36,980
because your focus is Amazon.

581
00:21:36,980 --> 00:21:38,660
And I think if you're a part-time person,

582
00:21:38,660 --> 00:21:41,180
especially in our niche,

583
00:21:41,180 --> 00:21:43,700
you do need to focus on Amazon more

584
00:21:43,700 --> 00:21:45,900
because that's more money per bank in my opinion

585
00:21:45,900 --> 00:21:47,220
than going to eBay route.

586
00:21:47,220 --> 00:21:49,420
Yeah, have some eBay on the side,

587
00:21:49,420 --> 00:21:51,460
but again, 10 listings are under

588
00:21:51,460 --> 00:21:53,740
if you're a part-time person a day.

589
00:21:53,740 --> 00:21:55,700
Probably five or under in all honesty,

590
00:21:55,700 --> 00:21:58,380
if you're a part-time, a true part-time person.

591
00:21:59,740 --> 00:22:01,100
Be more picky, right?

592
00:22:01,100 --> 00:22:02,540
You gotta be more picky.

593
00:22:02,540 --> 00:22:06,100
You don't want to turn five into 10 or 15, right?

594
00:22:06,100 --> 00:22:07,780
You wanna be selling stuff

595
00:22:07,780 --> 00:22:09,620
that's gonna make you decent money,

596
00:22:09,620 --> 00:22:11,020
more bang for your buck.

597
00:22:11,020 --> 00:22:12,940
You can't look for the little stuff.

598
00:22:12,940 --> 00:22:14,540
You wanna be thinking bigger.

599
00:22:14,540 --> 00:22:16,180
And sure, you'll find less,

600
00:22:16,180 --> 00:22:18,660
but that's good because you have less time to list

601
00:22:18,660 --> 00:22:19,940
and ship and all that stuff.

602
00:22:19,940 --> 00:22:23,660
So basically you make more money by doing less.

603
00:22:23,660 --> 00:22:26,620
The reason people at scale buy it,

604
00:22:26,620 --> 00:22:29,220
basically anything that can make them five, 10 bucks

605
00:22:29,220 --> 00:22:32,420
is because we have more time to dedicate to it.

606
00:22:32,420 --> 00:22:33,460
Now, when you don't have that time,

607
00:22:33,460 --> 00:22:34,780
you have to value it more.

608
00:22:34,780 --> 00:22:36,300
So you have to look for better items.

609
00:22:36,300 --> 00:22:39,020
Don't be scared to pass something if you're not sure

610
00:22:39,020 --> 00:22:40,580
or if it's only gonna make you 10 bucks.

611
00:22:40,580 --> 00:22:42,380
So you have to realize, especially if you're doing eBay,

612
00:22:42,380 --> 00:22:44,620
you got a list of photos, package, ship it,

613
00:22:44,620 --> 00:22:46,900
customer service, it's not just buying it

614
00:22:46,900 --> 00:22:48,460
at the thrift store.

615
00:22:48,460 --> 00:22:51,900
Right, and I would bounce off what you're saying.

616
00:22:51,900 --> 00:22:55,020
I wouldn't put, if I was doing five listings

617
00:22:55,020 --> 00:22:57,660
for under a day, those five listings gotta count.

618
00:22:57,660 --> 00:23:00,500
So I wouldn't list anything that wasn't worth,

619
00:23:00,500 --> 00:23:03,460
I wasn't clearing $50 or more.

620
00:23:03,460 --> 00:23:06,600
Clearing means after all fees, after all buy costs,

621
00:23:06,600 --> 00:23:09,220
if you're doing taxes, that's up to you.

622
00:23:09,220 --> 00:23:12,300
But 50 is going into your bank account from that sale.

623
00:23:13,460 --> 00:23:15,660
I think another thing we gotta set up here is,

624
00:23:15,660 --> 00:23:16,980
so we have your hours, right?

625
00:23:16,980 --> 00:23:19,580
You have your, you can't be exact with this.

626
00:23:19,580 --> 00:23:22,020
You can't say, hey, I'm putting eight hours.

627
00:23:22,020 --> 00:23:24,140
It's gotta be more of a five to 10 kind of thing

628
00:23:24,140 --> 00:23:25,780
because you're part-time, right?

629
00:23:25,780 --> 00:23:27,860
Life happens, you're working a full-time job,

630
00:23:27,860 --> 00:23:30,340
maybe you get called in, something happens on the side.

631
00:23:30,340 --> 00:23:32,460
You gotta be flexible with your hours.

632
00:23:32,460 --> 00:23:33,820
But when it comes to your income,

633
00:23:33,820 --> 00:23:36,540
I think you have to kind of have a standard

634
00:23:36,540 --> 00:23:38,220
for where you wanna hit every month,

635
00:23:38,220 --> 00:23:39,780
like you said earlier, right?

636
00:23:39,780 --> 00:23:41,340
You wanna hit $1,000.

637
00:23:41,340 --> 00:23:43,140
All right, so what happens, Mike,

638
00:23:43,140 --> 00:23:47,020
if we hit over 1,000, maybe we hit 1,200 this month,

639
00:23:47,020 --> 00:23:49,820
or like we said, we have a crazy month where we do 5,000.

640
00:23:49,820 --> 00:23:50,660
Sure.

641
00:23:50,660 --> 00:23:51,820
That's perfectly fine.

642
00:23:51,820 --> 00:23:54,400
You just have to dedicate those funds

643
00:23:54,400 --> 00:23:56,380
to basically what you're working towards, right?

644
00:23:56,380 --> 00:23:58,860
If you're working towards debt, car, whatever,

645
00:23:58,860 --> 00:24:02,180
don't look at it as, hey, you know,

646
00:24:02,180 --> 00:24:04,460
this is just free play money.

647
00:24:04,460 --> 00:24:06,460
This is a side business you're running.

648
00:24:06,460 --> 00:24:10,100
It's not just like a hobby or whatever you wanna call.

649
00:24:10,100 --> 00:24:12,060
You're running a business on the side.

650
00:24:12,060 --> 00:24:13,380
Like you said, you're gonna have to pay taxes

651
00:24:13,380 --> 00:24:14,780
on these things, even part-time,

652
00:24:14,780 --> 00:24:16,360
you're gonna have to pay taxes.

653
00:24:16,360 --> 00:24:18,300
So you have to just think smart,

654
00:24:18,300 --> 00:24:20,940
and just because you have a good month and you're part-time,

655
00:24:20,940 --> 00:24:22,660
and you wanna stay part-time,

656
00:24:22,660 --> 00:24:24,500
just don't think it's money to blow,

657
00:24:24,500 --> 00:24:25,980
because I think that happens a lot.

658
00:24:25,980 --> 00:24:27,980
And honestly, I've been guilty of that,

659
00:24:27,980 --> 00:24:28,980
especially part-time, right?

660
00:24:28,980 --> 00:24:32,540
I'm like, oh, I found this item, I sold it for 150 bucks.

661
00:24:32,540 --> 00:24:34,060
And I'm like, well, guess what?

662
00:24:34,060 --> 00:24:36,120
You know, we're going out to eat tonight, tomorrow,

663
00:24:36,120 --> 00:24:37,540
the next night, and the night after,

664
00:24:37,540 --> 00:24:40,220
because I made more than I was expecting to make.

665
00:24:41,380 --> 00:24:44,620
I think you made a very crystal clear thing,

666
00:24:44,620 --> 00:24:47,100
and I wanna emphasize on that.

667
00:24:47,100 --> 00:24:51,700
We're separating the hobbyist from a true part-time seller.

668
00:24:53,060 --> 00:24:54,300
That is very important.

669
00:24:54,300 --> 00:24:56,520
The hobbyist is gonna do exactly what he said.

670
00:24:56,520 --> 00:24:58,380
They're gonna go out for steak dinner that night,

671
00:24:58,380 --> 00:25:00,380
maybe some lobster too.

672
00:25:00,380 --> 00:25:01,740
You part-time people,

673
00:25:01,740 --> 00:25:03,900
you need to reinvest back in your business.

674
00:25:03,900 --> 00:25:05,800
Set your money aside for the taxes,

675
00:25:05,800 --> 00:25:07,740
assuming you're an honest citizen.

676
00:25:07,740 --> 00:25:10,500
If you're not, I don't wanna know anything you're doing.

677
00:25:12,220 --> 00:25:15,080
But yeah, you gotta, I would pay yourself,

678
00:25:17,140 --> 00:25:21,860
I don't know, I think 5% a year goes to your bank account,

679
00:25:21,860 --> 00:25:24,880
so 10% year two, and the rest gets pumped back

680
00:25:24,880 --> 00:25:25,780
in that business.

681
00:25:25,780 --> 00:25:29,660
Or if you're using it, maybe not, okay,

682
00:25:29,660 --> 00:25:30,500
I'm gonna retract that.

683
00:25:30,500 --> 00:25:32,220
If you're using it to pay off your credit card debt,

684
00:25:32,220 --> 00:25:33,820
or your mortgage, or your car payment.

685
00:25:33,820 --> 00:25:35,860
Yeah, you're saying extra money after you have

686
00:25:35,860 --> 00:25:37,780
that initial thousand dollars.

687
00:25:37,780 --> 00:25:39,900
Once you've cleared it, your extra money,

688
00:25:39,900 --> 00:25:44,380
pay yourself 5%, pump the extra money back into the business.

689
00:25:44,380 --> 00:25:46,860
Because you're treating it as a part-time business,

690
00:25:46,860 --> 00:25:48,600
so it deserves that money.

691
00:25:49,620 --> 00:25:52,220
So basically saying you get 5% fun money,

692
00:25:52,220 --> 00:25:53,060
which isn't bad.

693
00:25:53,060 --> 00:25:54,540
I mean, you sell something for a hundred bucks,

694
00:25:54,540 --> 00:25:56,180
you get five bucks, you know,

695
00:25:56,180 --> 00:25:58,140
I mean, it won't get you a footlong at Subway anymore,

696
00:25:58,140 --> 00:26:00,900
but it'll get you something out there somewhere, right?

697
00:26:00,900 --> 00:26:02,460
Maybe you get yourself that candy bar

698
00:26:02,460 --> 00:26:04,420
while you're in the grocery store checking out.

699
00:26:04,420 --> 00:26:05,260
Yeah.

700
00:26:05,260 --> 00:26:06,540
Yeah, and I think another thing is,

701
00:26:06,540 --> 00:26:08,020
you don't have to focus, like,

702
00:26:08,020 --> 00:26:11,020
I know a lot of people get so single tunnel vision

703
00:26:11,020 --> 00:26:12,180
on one thing, right?

704
00:26:12,180 --> 00:26:15,380
Maybe your thousand dollars you wanna sell every month

705
00:26:15,380 --> 00:26:16,980
has multiple things in it, right?

706
00:26:16,980 --> 00:26:19,600
Maybe it's your car, kid's college fund,

707
00:26:19,600 --> 00:26:21,140
your retirement fund.

708
00:26:21,140 --> 00:26:23,020
So whatever you hit after that

709
00:26:23,020 --> 00:26:26,340
can be part of the reinvestment and the fun money.

710
00:26:26,340 --> 00:26:29,300
So you have all your things built into that initial total

711
00:26:29,300 --> 00:26:31,060
you're looking to get every month,

712
00:26:31,060 --> 00:26:33,340
and then after that, you know, hey, all right,

713
00:26:33,340 --> 00:26:34,540
well, we paid extra on that,

714
00:26:34,540 --> 00:26:35,800
we did everything we're supposed to do,

715
00:26:35,800 --> 00:26:37,940
so this is money we can put back in,

716
00:26:37,940 --> 00:26:40,020
buy things for the business to save you time,

717
00:26:40,020 --> 00:26:43,380
because as part-timer, time is your most valuable asset,

718
00:26:43,380 --> 00:26:45,740
so things that are gonna speed up your time,

719
00:26:45,740 --> 00:26:47,300
that's the most important thing,

720
00:26:47,300 --> 00:26:48,860
and just be smart with it,

721
00:26:48,860 --> 00:26:52,760
but you gotta have that solid number you have to come to.

722
00:26:52,760 --> 00:26:54,400
So you have that number,

723
00:26:54,400 --> 00:26:57,080
now you gotta backtrack from that number.

724
00:26:57,080 --> 00:27:02,080
So how many things do you have to sell at what price

725
00:27:02,860 --> 00:27:03,820
to get that number?

726
00:27:03,820 --> 00:27:05,940
That's just as important as coming up with the number,

727
00:27:05,940 --> 00:27:09,260
because, okay, Johnny B needs to make

728
00:27:09,260 --> 00:27:10,780
an extra thousand dollars a month,

729
00:27:10,780 --> 00:27:13,620
well, where am I even supposed to start?

730
00:27:13,620 --> 00:27:16,540
It's like, I don't know how many items that is,

731
00:27:16,540 --> 00:27:18,420
so if you're just starting,

732
00:27:18,420 --> 00:27:20,360
it's gonna be a little bit tough for you,

733
00:27:20,360 --> 00:27:21,200
because you're just starting,

734
00:27:21,200 --> 00:27:23,100
you really don't understand your market, your niche,

735
00:27:23,100 --> 00:27:24,580
if you're selling everything,

736
00:27:24,580 --> 00:27:26,580
you don't know what you're gonna come across,

737
00:27:26,580 --> 00:27:28,420
but after a month or two or three months,

738
00:27:28,420 --> 00:27:31,520
you can see your average sales price on Amazon, eBay,

739
00:27:31,520 --> 00:27:34,180
so that kind of lets you break it down some,

740
00:27:34,180 --> 00:27:36,220
and I know you're real big with numbers,

741
00:27:36,220 --> 00:27:38,260
so I'll let you chime in.

742
00:27:38,260 --> 00:27:41,580
Yeah, I mean, the beginning,

743
00:27:41,580 --> 00:27:46,420
and still you may not know what sells and what doesn't,

744
00:27:46,420 --> 00:27:48,380
that just comes with time and experience,

745
00:27:48,380 --> 00:27:50,420
even if you're doing this part-time,

746
00:27:50,420 --> 00:27:53,820
sure, it may take you twice as long to figure it out,

747
00:27:53,820 --> 00:27:55,140
but you will figure it out,

748
00:27:55,140 --> 00:27:57,100
and then you adjust for that.

749
00:27:57,100 --> 00:27:59,020
As far as the quantity goes,

750
00:27:59,020 --> 00:28:03,900
I mean, let's do our five listing a day model,

751
00:28:03,900 --> 00:28:06,660
at $50 profit, net profit, by the way,

752
00:28:06,660 --> 00:28:08,180
meaning it goes in your bank account.

753
00:28:08,180 --> 00:28:10,980
You're talking $50 per item?

754
00:28:10,980 --> 00:28:12,340
In a part-time level, yeah,

755
00:28:12,340 --> 00:28:14,540
because I would make everyone a banger that you sell.

756
00:28:14,540 --> 00:28:17,460
Dude, you ain't finding that in thrift stores.

757
00:28:17,460 --> 00:28:19,700
Yeah, you can, do it all the time.

758
00:28:19,700 --> 00:28:22,240
That's too high, I'll give you 25 bucks.

759
00:28:22,240 --> 00:28:24,140
Okay, fine, $25.

760
00:28:24,140 --> 00:28:27,420
We all need to go to Johnny B's thrift stores,

761
00:28:27,420 --> 00:28:30,340
because apparently they're just selling Gucci, Prada,

762
00:28:30,340 --> 00:28:32,260
everything that's worth millions of dollars.

763
00:28:32,260 --> 00:28:33,700
I've got like four books over there

764
00:28:33,700 --> 00:28:36,020
I just pulled from a thrift store, they're worth $80 plus.

765
00:28:36,020 --> 00:28:39,700
Dude, I'm over here sourcing plain white stained up t-shirts.

766
00:28:39,700 --> 00:28:41,660
These aren't Amazon, these are eBay books.

767
00:28:41,660 --> 00:28:45,060
Oh my God, I did sell a $45 eBay book this morning.

768
00:28:46,060 --> 00:28:50,420
See, see, all right, fine, we'll do $25.

769
00:28:50,420 --> 00:28:51,900
We'll be very conservative.

770
00:28:51,900 --> 00:28:54,340
Yes, cater to us peasants who don't have bang

771
00:28:54,340 --> 00:28:55,900
in thrift stores.

772
00:28:55,900 --> 00:28:59,620
Okay, so that's 125 days

773
00:28:59,620 --> 00:29:02,020
you're listing a potential profit, right?

774
00:29:02,020 --> 00:29:05,300
So times seven, I was gonna bring you up to,

775
00:29:06,240 --> 00:29:11,240
well, did that wrong, seven, five times 25 times seven

776
00:29:13,140 --> 00:29:17,620
is $875 in potential profit a week,

777
00:29:17,620 --> 00:29:22,620
times four to count for the month is $3,500

778
00:29:22,860 --> 00:29:25,820
of what you could sell it for.

779
00:29:25,820 --> 00:29:27,900
So you're gonna divide that number by two,

780
00:29:27,900 --> 00:29:30,980
because you're gonna clear about two if they all sold,

781
00:29:30,980 --> 00:29:35,780
100% of them sold, which is gonna bring us back to 1750.

782
00:29:35,780 --> 00:29:39,140
So we're gonna need to sell a large percentage of us

783
00:29:39,140 --> 00:29:43,240
those things to get to our thousand dollar threshold mark.

784
00:29:43,240 --> 00:29:48,240
So taking the 1750 number here

785
00:29:49,040 --> 00:29:51,680
that we could potentially clear if we sold them all,

786
00:29:54,160 --> 00:29:57,400
then divide by five items.

787
00:29:58,940 --> 00:30:03,020
Okay, so you're gonna need to build your store,

788
00:30:03,020 --> 00:30:07,520
in my opinion, at least up to 350 items

789
00:30:07,520 --> 00:30:09,160
at listing five a day.

790
00:30:09,160 --> 00:30:13,340
So divide by five, how many items is that gonna be?

791
00:30:13,340 --> 00:30:15,000
So no.

792
00:30:15,000 --> 00:30:16,640
70 days of listing.

793
00:30:16,640 --> 00:30:20,020
70 days of listings is what that's gonna end up being.

794
00:30:20,020 --> 00:30:22,560
So about a little over two months.

795
00:30:22,560 --> 00:30:24,560
So we'll call it three months, give yourself a buffer

796
00:30:24,560 --> 00:30:26,600
because maybe you're part-time, right?

797
00:30:26,600 --> 00:30:29,380
Something comes up, so it gets in the way.

798
00:30:29,380 --> 00:30:31,340
So three months, so your 90 day goal,

799
00:30:31,340 --> 00:30:33,880
get 350 items up on eBay.

800
00:30:35,920 --> 00:30:38,180
That's feasible, I mean, you just,

801
00:30:38,180 --> 00:30:40,360
you gotta make sure it's gonna take a little bit of time,

802
00:30:40,360 --> 00:30:41,520
because you're doing this part-time.

803
00:30:41,520 --> 00:30:44,280
You don't have Johnny B, you don't have Mike's time

804
00:30:44,280 --> 00:30:46,240
where I can just go live in thrift stores.

805
00:30:46,240 --> 00:30:49,660
You gotta be more smarter with your time.

806
00:30:49,660 --> 00:30:52,880
You have to allocate it in a better way than we do

807
00:30:52,880 --> 00:30:55,480
because we have more time than you.

808
00:30:55,480 --> 00:30:57,080
And I think that's the challenge

809
00:30:57,080 --> 00:31:00,600
when you're staying part-time is just staying part-time.

810
00:31:00,600 --> 00:31:02,040
I think that's the hardest part of it all.

811
00:31:02,040 --> 00:31:04,680
But if you can get it down to a science,

812
00:31:04,680 --> 00:31:08,480
listen, I'm gonna throw some crazy stuff

813
00:31:08,480 --> 00:31:09,740
out there right now.

814
00:31:09,740 --> 00:31:12,880
If you did media on Amazon part-time,

815
00:31:12,880 --> 00:31:15,760
if you gave me 10 hours a week,

816
00:31:15,760 --> 00:31:19,840
I could easily make you that thousand dollars a month easily.

817
00:31:19,840 --> 00:31:22,240
And that's not, you're not shipping nothing to the customers.

818
00:31:22,240 --> 00:31:24,480
All we're doing is shipping it to Amazon.

819
00:31:24,480 --> 00:31:25,840
And I say that all the time.

820
00:31:25,840 --> 00:31:27,600
And 10 hours maybe is on the high end,

821
00:31:27,600 --> 00:31:29,840
because once I get you rocking and rolling

822
00:31:30,740 --> 00:31:33,880
and you get money coming in, we get a listing software,

823
00:31:33,880 --> 00:31:36,440
we could probably get it down to six hours a week.

824
00:31:36,440 --> 00:31:39,560
And four of those hours are gonna be used sourcing.

825
00:31:39,560 --> 00:31:43,040
So you basically give me 24 hours of your time,

826
00:31:43,040 --> 00:31:46,280
a minimum of thousand dollars a month in profit

827
00:31:46,280 --> 00:31:49,880
is easily possible if you sold media on Amazon

828
00:31:49,880 --> 00:31:51,200
and you were focused about it.

829
00:31:51,200 --> 00:31:52,880
I guarantee that 100%.

830
00:31:52,880 --> 00:31:54,880
I'll stand behind that statement forever.

831
00:31:54,880 --> 00:31:56,140
No, I agree with you.

832
00:31:56,140 --> 00:32:00,380
I would say if you can't even do your 15 hours

833
00:32:00,380 --> 00:32:02,480
on the high end, just do Amazon.

834
00:32:02,480 --> 00:32:03,760
Don't leave eBay behind.

835
00:32:03,760 --> 00:32:05,600
You don't have enough time to do it.

836
00:32:06,520 --> 00:32:07,900
And I just wanna clarify something

837
00:32:07,900 --> 00:32:09,560
because we may get zined for it.

838
00:32:09,560 --> 00:32:14,480
So that 350 items in our 90 day goal,

839
00:32:14,480 --> 00:32:17,380
that doesn't mean you're gonna make a thousand dollars

840
00:32:17,380 --> 00:32:18,400
a month yet.

841
00:32:18,400 --> 00:32:19,760
That means you're on your way.

842
00:32:19,760 --> 00:32:21,480
You put yourself in that position.

843
00:32:21,480 --> 00:32:23,380
That's the baseline we're going off of.

844
00:32:23,380 --> 00:32:24,960
It may take you six months.

845
00:32:24,960 --> 00:32:25,800
Oh yeah.

846
00:32:25,800 --> 00:32:27,360
I mean, with anything, right?

847
00:32:27,360 --> 00:32:29,080
You have to, you gotta build it up.

848
00:32:29,080 --> 00:32:31,880
Any business, unless you're buying a franchise

849
00:32:31,880 --> 00:32:34,520
and you've got a hot location for the new Chick-fil-A,

850
00:32:34,520 --> 00:32:36,100
then that's really the only business

851
00:32:36,100 --> 00:32:37,100
where you ain't gotta do nothing.

852
00:32:37,100 --> 00:32:38,560
And the first day you open,

853
00:32:38,560 --> 00:32:40,360
the cars are through the whole neighborhood, right?

854
00:32:40,360 --> 00:32:43,140
That's the only kind of way you walk into a business

855
00:32:43,140 --> 00:32:44,800
and it's busy from day one.

856
00:32:44,800 --> 00:32:46,080
You have to build it up.

857
00:32:46,080 --> 00:32:47,800
You got, there's, if you have a brand,

858
00:32:47,800 --> 00:32:49,840
everybody knows you gotta build your brand up,

859
00:32:49,840 --> 00:32:51,320
build whatever you have up.

860
00:32:51,320 --> 00:32:52,440
This isn't instant, right?

861
00:32:52,440 --> 00:32:55,880
Because day one, you don't have nothing to sell, right?

862
00:32:55,880 --> 00:32:56,720
So you're already behind.

863
00:32:56,720 --> 00:32:59,800
Right, and you're not gonna accept a $15 offer

864
00:32:59,800 --> 00:33:02,080
or $25 item either.

865
00:33:02,080 --> 00:33:02,920
Yep.

866
00:33:02,920 --> 00:33:05,360
And to super clarify,

867
00:33:05,360 --> 00:33:09,040
this is listing five a day, every day consistently.

868
00:33:09,040 --> 00:33:12,040
Not listing 350 items in a week

869
00:33:12,040 --> 00:33:13,920
and then waiting 90 days like,

870
00:33:13,920 --> 00:33:16,440
hey, Johnny V and Mike, where's my money?

871
00:33:16,440 --> 00:33:18,280
That isn't how eBay works.

872
00:33:18,280 --> 00:33:20,520
I'm not gonna go in all the details of the algorithm,

873
00:33:20,520 --> 00:33:23,240
but this is at five a day, every day

874
00:33:23,240 --> 00:33:27,840
for your part-time reselling at $25 or higher items.

875
00:33:27,840 --> 00:33:31,520
All right, I'm gonna make another harsh statement here.

876
00:33:32,760 --> 00:33:35,840
If you wanna stay part-time as a reseller,

877
00:33:37,000 --> 00:33:38,400
do Amazon FBA.

878
00:33:39,800 --> 00:33:43,560
I wouldn't even, if I had to start over,

879
00:33:43,560 --> 00:33:45,560
I wouldn't even do eBay part-time.

880
00:33:45,560 --> 00:33:47,600
If I plan on staying part-time,

881
00:33:47,600 --> 00:33:50,040
and listen, you just wanna be part-time.

882
00:33:50,040 --> 00:33:51,480
I'm not talking people that wanna grow.

883
00:33:51,480 --> 00:33:53,320
I'm talking about the folks out there

884
00:33:53,320 --> 00:33:54,920
that wanna stay part-time.

885
00:33:54,920 --> 00:33:59,920
Do Amazon FBA, it's kind of hassle-less.

886
00:34:00,000 --> 00:34:02,120
I mean, I don't know any other way to put it.

887
00:34:02,120 --> 00:34:06,360
It's so much less stress and work

888
00:34:06,360 --> 00:34:09,800
and shipping supplies and inventory management

889
00:34:09,800 --> 00:34:11,800
and things like that than eBay is.

890
00:34:11,800 --> 00:34:14,200
So if you wanna stay part-time, keep it part-time,

891
00:34:14,200 --> 00:34:16,600
just perfectly fine, build up your nest egg,

892
00:34:16,600 --> 00:34:18,840
build up a whole bunch of money on the side.

893
00:34:18,840 --> 00:34:25,240
Do Amazon over eBay, that's an easy choice, 99.9% of the time.

894
00:34:25,240 --> 00:34:27,760
I, as the eBay seller, agree with you.

895
00:34:29,200 --> 00:34:34,200
I finally have conquered the eBay seller, woo-hoo!

896
00:34:34,400 --> 00:34:37,200
If you're a part-time person, just focus on FBA.

897
00:34:37,200 --> 00:34:38,040
I'm gonna say it.

898
00:34:38,040 --> 00:34:40,680
If you're a part-timer that wants to stay part-time.

899
00:34:40,680 --> 00:34:42,000
Yes, yes.

900
00:34:42,000 --> 00:34:44,440
If you're a part-timer that wants to transition to full-time,

901
00:34:44,440 --> 00:34:46,040
that's another podcast for another time,

902
00:34:46,040 --> 00:34:47,080
unless Mike wants to go into it.

903
00:34:47,080 --> 00:34:48,760
No, we're going into that right now.

904
00:34:48,760 --> 00:34:50,560
I'm feeling generous.

905
00:34:50,560 --> 00:34:54,800
We're just gonna upload this whole episode

906
00:34:54,800 --> 00:34:56,600
to YouTube this week, because I feel like

907
00:34:56,600 --> 00:34:58,160
there's a lot of part-timers out there

908
00:34:58,160 --> 00:35:00,680
that need to hear a lot of these topics we're covering.

909
00:35:00,680 --> 00:35:02,880
So listen, sorry, YouTube members,

910
00:35:02,880 --> 00:35:04,880
you don't get nothing extra this week.

911
00:35:05,640 --> 00:35:07,720
I'll give out candies on the Zoom call.

912
00:35:07,720 --> 00:35:09,040
You have candy?

913
00:35:09,040 --> 00:35:10,000
Whoa.

914
00:35:10,000 --> 00:35:12,000
No, I ate my Hershey's bar this morning.

915
00:35:12,000 --> 00:35:14,400
So we're gonna get into part-timers

916
00:35:14,400 --> 00:35:15,680
that wanna take it full-time,

917
00:35:15,680 --> 00:35:18,080
which was me and you when we started.

918
00:35:18,080 --> 00:35:20,800
This is kind of the fun part.

919
00:35:20,800 --> 00:35:23,400
So part-timers that wanna start full-time.

920
00:35:23,400 --> 00:35:25,400
We both agree when you start out reselling,

921
00:35:25,400 --> 00:35:26,760
you wanna sell everything.

922
00:35:26,760 --> 00:35:28,400
You wanna get some cashflow going.

923
00:35:28,400 --> 00:35:31,480
You wanna find out what you'd like, what makes sense.

924
00:35:33,320 --> 00:35:34,640
I think it's what you like

925
00:35:34,640 --> 00:35:36,800
is the hardest thing to figure out.

926
00:35:36,800 --> 00:35:38,640
Oh yeah, well, it's not only what you like,

927
00:35:38,640 --> 00:35:41,120
it's what is in your area, right?

928
00:35:41,120 --> 00:35:44,400
What sources, what are your sources giving you?

929
00:35:44,400 --> 00:35:47,840
So as much as maybe I'm not a book reader,

930
00:35:47,840 --> 00:35:50,160
my sources for books are great and I have a lot of them.

931
00:35:50,160 --> 00:35:53,160
So it's something where it's almost a balance of,

932
00:35:53,160 --> 00:35:57,000
yeah, I'm not a huge reader, but I do read a little bit,

933
00:35:57,000 --> 00:35:58,120
but all the sources are here.

934
00:35:58,120 --> 00:36:01,280
If I wanted like, oh yeah, I used to love playing video games,

935
00:36:01,280 --> 00:36:03,080
but there's no way I could be a video game seller

936
00:36:03,080 --> 00:36:05,800
because they don't exist around me in enough abundance

937
00:36:05,800 --> 00:36:08,800
to make it financially make sense.

938
00:36:08,800 --> 00:36:10,120
Right?

939
00:36:10,120 --> 00:36:12,880
So like, I started out selling everything.

940
00:36:12,880 --> 00:36:15,840
I sold every category on eBay probably.

941
00:36:15,840 --> 00:36:20,840
A big thing I had that I would, those Guitar Hero guitars,

942
00:36:21,560 --> 00:36:24,960
I used to clean up on those things, the VCRs,

943
00:36:24,960 --> 00:36:27,400
but I do not miss making the boxes.

944
00:36:27,400 --> 00:36:29,840
I remember Deb being pissed off at me every time.

945
00:36:29,840 --> 00:36:32,080
I'm like, Deb, help me box this up.

946
00:36:32,080 --> 00:36:34,720
And like, no matter how much styrofoam you put

947
00:36:34,720 --> 00:36:37,320
on the corner of the VCRs, they always get smashed

948
00:36:37,320 --> 00:36:39,640
in transit and it was just a headache.

949
00:36:39,640 --> 00:36:42,560
But when you start out, you're flipping that five into 50

950
00:36:42,560 --> 00:36:44,120
and it's like, it's exciting stuff.

951
00:36:44,120 --> 00:36:46,960
And you get, and you honestly, you get cashflow

952
00:36:46,960 --> 00:36:49,400
in the beginning because you're selling anything.

953
00:36:49,400 --> 00:36:51,640
But as part-time, you can't be looking everything up

954
00:36:51,640 --> 00:36:52,480
in the store.

955
00:36:52,480 --> 00:36:53,960
That's where your challenge comes in

956
00:36:53,960 --> 00:36:56,760
because you're only going out maybe once or twice a week.

957
00:36:56,760 --> 00:36:58,400
You can't be looking up every single shirt,

958
00:36:58,400 --> 00:37:00,480
looking through every single clothing rack.

959
00:37:00,480 --> 00:37:03,840
And personally, unless you have a strong interest

960
00:37:03,840 --> 00:37:08,560
in clothing, I would steer clear of selling used clothes

961
00:37:08,560 --> 00:37:11,160
at the beginning of your eBay journey.

962
00:37:11,160 --> 00:37:13,080
A lot of them are longer moving stuff.

963
00:37:13,080 --> 00:37:15,680
Unless you have a place that has, you know,

964
00:37:15,680 --> 00:37:17,200
some thrift stores have great brands.

965
00:37:17,200 --> 00:37:19,000
You walk in, you find, you know,

966
00:37:19,000 --> 00:37:21,240
untuck it, button up shirts.

967
00:37:21,240 --> 00:37:24,760
I can't tell you how many times me and Deb have sifted

968
00:37:24,760 --> 00:37:26,920
through the men's shirt racks

969
00:37:26,920 --> 00:37:29,080
and found basically absolutely nothing.

970
00:37:29,080 --> 00:37:33,320
I probably have invested hundreds of hours of my life

971
00:37:33,320 --> 00:37:35,360
just going through the polo shirts.

972
00:37:35,360 --> 00:37:38,000
I think I found maybe one or two untuck it shirts

973
00:37:38,000 --> 00:37:39,440
the whole time.

974
00:37:39,440 --> 00:37:42,360
I'm talking months and months and months of thrifting.

975
00:37:42,360 --> 00:37:44,360
So it just didn't make sense for me anymore.

976
00:37:44,360 --> 00:37:47,320
So it's one of those things where you have to get out there

977
00:37:47,320 --> 00:37:50,080
part-time, see what your thrift stores have,

978
00:37:50,080 --> 00:37:52,440
understand your market, your area.

979
00:37:52,440 --> 00:37:54,240
Some people live in more affluent areas

980
00:37:54,240 --> 00:37:55,960
where the items are just better, right?

981
00:37:55,960 --> 00:37:57,720
Haul by haul is on YouTube.

982
00:37:57,720 --> 00:37:59,240
It goes to some of these estate sales

983
00:37:59,240 --> 00:38:01,840
and they're selling stuff for astronomical prices.

984
00:38:01,840 --> 00:38:03,600
Just because the area he's in,

985
00:38:03,600 --> 00:38:05,440
it's more affluent, has a lot of retirees,

986
00:38:05,440 --> 00:38:07,080
people that had money.

987
00:38:07,080 --> 00:38:08,800
That basically changes everything for you

988
00:38:08,800 --> 00:38:11,480
because you can say, hey, he sells everything,

989
00:38:11,480 --> 00:38:13,840
but he just has way better quality stuff.

990
00:38:13,840 --> 00:38:16,080
And the stuff he comes across is just insane.

991
00:38:18,000 --> 00:38:21,520
Right, and for your part-time people,

992
00:38:24,520 --> 00:38:28,960
if you're doing eBay and or Merchant Fulfilled,

993
00:38:28,960 --> 00:38:30,520
you're gonna need a place to put this stuff.

994
00:38:30,520 --> 00:38:32,360
Does that mean you're gonna convert your garage?

995
00:38:32,360 --> 00:38:33,880
Is that gonna mean you're gonna build a shed?

996
00:38:33,880 --> 00:38:35,920
Does that mean you're gonna get a storage unit?

997
00:38:35,920 --> 00:38:37,960
Does that mean you want some kind of warehouse

998
00:38:37,960 --> 00:38:40,680
or rental property where you go to?

999
00:38:40,680 --> 00:38:42,360
That requires planning.

1000
00:38:42,360 --> 00:38:45,240
And with that planning, there are costs associated

1001
00:38:45,240 --> 00:38:47,640
for those plans to get executed.

1002
00:38:47,640 --> 00:38:48,480
So figuring that out,

1003
00:38:48,480 --> 00:38:51,480
I think it's huge for your part-time people

1004
00:38:51,480 --> 00:38:52,680
because where are you gonna put the stuff?

1005
00:38:52,680 --> 00:38:54,440
If you're just doing FBA

1006
00:38:54,440 --> 00:38:58,560
and you plan on transitioning to full-time FBA, okay.

1007
00:38:59,640 --> 00:39:00,800
If you're gonna do full-time,

1008
00:39:00,800 --> 00:39:01,880
you're still gonna do bulk

1009
00:39:01,880 --> 00:39:04,280
and you need a place to sort that stuff,

1010
00:39:04,280 --> 00:39:05,880
those big old piles.

1011
00:39:05,880 --> 00:39:07,880
And again, it's the same question there.

1012
00:39:07,880 --> 00:39:11,000
What kind of space are you gonna need long game?

1013
00:39:11,000 --> 00:39:14,160
Oh, what about like, so this is a little bit tougher here

1014
00:39:14,160 --> 00:39:16,360
because if you wanna go full-time,

1015
00:39:16,360 --> 00:39:19,560
you have this end game number in your head, right?

1016
00:39:19,560 --> 00:39:22,680
So I know at CVS, I was making, you know, whatever,

1017
00:39:22,680 --> 00:39:26,160
$5,000 a month, we'll say.

1018
00:39:26,160 --> 00:39:29,080
And that's what you gotta get to

1019
00:39:29,080 --> 00:39:31,840
so you can leave your keys and tell CVS to go pound sand.

1020
00:39:31,840 --> 00:39:34,120
You're done, you're not working for them no more.

1021
00:39:34,120 --> 00:39:36,640
But in the meantime, while you're building it up,

1022
00:39:36,640 --> 00:39:38,640
you have this money coming in

1023
00:39:38,640 --> 00:39:41,920
and it's almost in a spot where you can't do

1024
00:39:41,920 --> 00:39:43,800
what you're doing if you wanna stay part-time

1025
00:39:43,800 --> 00:39:45,400
where you're paying off bills

1026
00:39:45,400 --> 00:39:48,000
because you wanna grow your business.

1027
00:39:48,000 --> 00:39:51,120
A majority of that money has to go back into the business

1028
00:39:51,120 --> 00:39:53,880
to grow it unlike if you wanna stay part-time

1029
00:39:53,880 --> 00:39:55,760
where that money's going towards certain things

1030
00:39:55,760 --> 00:39:58,120
like bills or retirement funds.

1031
00:39:58,120 --> 00:40:00,040
If you wanna grow this in the full-time,

1032
00:40:00,040 --> 00:40:02,000
the majority of that money you're making,

1033
00:40:02,000 --> 00:40:05,040
you can't touch besides pumping it into more inventory

1034
00:40:05,040 --> 00:40:06,840
to grow your business.

1035
00:40:06,840 --> 00:40:09,160
So I think we took two different approaches

1036
00:40:09,160 --> 00:40:11,720
when we jumped from part-time to full-time.

1037
00:40:11,720 --> 00:40:14,000
And I think yours was better than mine.

1038
00:40:14,000 --> 00:40:14,840
And here's why.

1039
00:40:15,760 --> 00:40:19,520
I had about a year or two or savings

1040
00:40:19,520 --> 00:40:23,080
where I could make $0 with my reselling business

1041
00:40:23,080 --> 00:40:25,520
and I'd be okay, I'd be able to pay all my bills.

1042
00:40:26,480 --> 00:40:28,520
But that means I had a year or two to figure it out,

1043
00:40:28,520 --> 00:40:30,000
make it work, make it profitable

1044
00:40:30,000 --> 00:40:35,000
so I could continue paying my bills and still be profitable.

1045
00:40:35,360 --> 00:40:37,120
So when I left, I thought I had a great idea

1046
00:40:37,120 --> 00:40:38,520
but I learned a whole lot along the way.

1047
00:40:38,520 --> 00:40:40,720
I'd probably say the last three months,

1048
00:40:40,720 --> 00:40:43,720
I've made decent money out of my left in April.

1049
00:40:46,360 --> 00:40:48,080
So what, yeah, so what is that?

1050
00:40:48,080 --> 00:40:49,040
Six months, seven months?

1051
00:40:49,040 --> 00:40:50,640
Took me seven months to really figure it out

1052
00:40:50,640 --> 00:40:52,480
because I thought I knew what I was doing day one

1053
00:40:52,480 --> 00:40:54,080
and April one, did not.

1054
00:40:54,080 --> 00:40:55,600
I had to figure things out.

1055
00:40:55,600 --> 00:40:58,000
But I only figured that out because I went full-time

1056
00:40:58,000 --> 00:41:00,320
and I was able to figure things out in a full-time

1057
00:41:00,320 --> 00:41:04,200
ASPE way because that's my job now to figure it out.

1058
00:41:04,200 --> 00:41:09,200
I think you literally replaced your CVS income

1059
00:41:10,480 --> 00:41:11,440
with your reselling income.

1060
00:41:11,440 --> 00:41:12,800
Like when they matched or were better,

1061
00:41:12,800 --> 00:41:13,720
that's when you took off.

1062
00:41:13,720 --> 00:41:16,760
I think that's a much better way to do it than what I did.

1063
00:41:16,760 --> 00:41:19,640
I put myself in a do or die situation.

1064
00:41:19,640 --> 00:41:21,960
You play a dangerous game.

1065
00:41:21,960 --> 00:41:23,240
That's very dangerous.

1066
00:41:23,240 --> 00:41:25,440
And I think most people would probably fall flat

1067
00:41:25,440 --> 00:41:27,880
on their face because you understand,

1068
00:41:27,880 --> 00:41:30,440
hey, I got two years to figure this out, right?

1069
00:41:30,440 --> 00:41:33,440
So the first 23 months, I'm kicking back.

1070
00:41:33,440 --> 00:41:35,000
I'm on the PS5.

1071
00:41:35,000 --> 00:41:35,840
I'm chilling.

1072
00:41:35,840 --> 00:41:36,920
I'm not worried about nothing

1073
00:41:36,920 --> 00:41:38,280
until you get to that crunch time.

1074
00:41:38,280 --> 00:41:40,440
So what you did is definitely more dangerous

1075
00:41:40,440 --> 00:41:41,280
and it takes a lot of discipline.

1076
00:41:41,280 --> 00:41:43,440
I do not advise doing what I did.

1077
00:41:43,440 --> 00:41:46,160
I did it, but I do not advise doing it.

1078
00:41:46,160 --> 00:41:47,840
I mean, well, you're proof that it does work

1079
00:41:47,840 --> 00:41:50,560
for some people, but it just takes discipline.

1080
00:41:50,560 --> 00:41:54,520
Yes, and I don't think a lot of people have that discipline.

1081
00:41:54,520 --> 00:41:56,120
And not that you don't, Mike,

1082
00:41:56,120 --> 00:41:59,760
but your model was a safer, reliable,

1083
00:41:59,760 --> 00:42:01,080
and you're gonna make it.

1084
00:42:01,080 --> 00:42:03,680
You already made it model to do it that way.

1085
00:42:03,680 --> 00:42:06,920
It is the safer model, but the problem is people

1086
00:42:06,920 --> 00:42:11,080
don't like waiting to call it quits, right?

1087
00:42:11,080 --> 00:42:13,760
You know, like they wanna quit right away.

1088
00:42:13,760 --> 00:42:15,800
But I 100% agree.

1089
00:42:15,800 --> 00:42:19,160
Listen, I was miserable at CBS for 10 years.

1090
00:42:19,160 --> 00:42:21,720
What's another six months of me being miserable

1091
00:42:21,720 --> 00:42:24,520
and continuing to build this on the side?

1092
00:42:24,520 --> 00:42:26,600
And if you wanna turn this into full-time,

1093
00:42:26,600 --> 00:42:28,760
there's gonna be sacrifices you have to make.

1094
00:42:28,760 --> 00:42:30,560
I know we talked about it earlier

1095
00:42:30,560 --> 00:42:32,120
when it comes to the importance

1096
00:42:32,120 --> 00:42:34,760
of having your relationships survive this

1097
00:42:34,760 --> 00:42:38,000
and kids and time away and family time.

1098
00:42:38,000 --> 00:42:40,560
There's gonna be sacrifices you have to make

1099
00:42:40,560 --> 00:42:43,160
if you're working full-time and you're doing this part-time,

1100
00:42:43,160 --> 00:42:45,240
but you want this part-time to be full-time.

1101
00:42:45,240 --> 00:42:47,640
You're gonna have to sacrifice a lot of time, right?

1102
00:42:47,640 --> 00:42:50,320
It's gonna be a lot of late nights, early mornings,

1103
00:42:50,320 --> 00:42:52,040
flea markets, things like that.

1104
00:42:52,040 --> 00:42:55,400
But that's what it takes to get out of that full-time job

1105
00:42:55,400 --> 00:42:56,920
and make this full-time.

1106
00:42:56,920 --> 00:42:58,400
So there's a lot more sacrifices

1107
00:42:58,400 --> 00:43:00,600
when it comes to growing part-time to full-time

1108
00:43:00,600 --> 00:43:02,680
while you're working full-time.

1109
00:43:02,680 --> 00:43:04,360
Now, we mentioned the part-time hours.

1110
00:43:04,360 --> 00:43:06,000
I don't think we mentioned the full-time hours.

1111
00:43:06,000 --> 00:43:08,080
My number is 80 minimum.

1112
00:43:08,080 --> 00:43:10,560
What's your number for full-time in your opinion?

1113
00:43:10,560 --> 00:43:12,760
My number is nowhere near that,

1114
00:43:12,760 --> 00:43:16,160
but realize Johnny B's eBay guy, I'm an Amazon guy.

1115
00:43:16,160 --> 00:43:17,000
Sure.

1116
00:43:17,000 --> 00:43:18,680
When it's the thick of things,

1117
00:43:18,680 --> 00:43:21,840
if I'm factoring in YouTube videos, stuff like that,

1118
00:43:21,840 --> 00:43:24,400
I'm probably around 40,

1119
00:43:24,400 --> 00:43:26,920
but I'll be honest with you, it fluctuates.

1120
00:43:26,920 --> 00:43:30,120
There's some weeks where I can get away with 20 hours,

1121
00:43:30,120 --> 00:43:32,000
and there's some weeks I can get away

1122
00:43:32,000 --> 00:43:34,760
where it's 50 hours, 60 hours, right?

1123
00:43:34,760 --> 00:43:37,240
It goes both ways with me.

1124
00:43:37,240 --> 00:43:38,680
It's not more consistent like you

1125
00:43:38,680 --> 00:43:41,280
because you have all the inventory for eBay,

1126
00:43:41,280 --> 00:43:43,400
but that's like, we kind of hit on it earlier.

1127
00:43:43,400 --> 00:43:46,680
Amazon is less of a time sink and less of a-

1128
00:43:46,680 --> 00:43:47,520
At the time, right?

1129
00:43:47,520 --> 00:43:50,720
Yeah, there's not as many responsibilities

1130
00:43:50,720 --> 00:43:52,800
because software does it all for us

1131
00:43:52,800 --> 00:43:54,000
and makes everything so easy.

1132
00:43:54,000 --> 00:43:55,760
That's why I love Amazon.

1133
00:43:55,760 --> 00:43:57,600
Amazon's beautiful, I love it.

1134
00:43:57,600 --> 00:44:01,560
It is, but I think it brings us into the next thing is,

1135
00:44:01,560 --> 00:44:04,480
I think you have to have both,

1136
00:44:04,480 --> 00:44:06,760
or maybe not both Amazon and eBay,

1137
00:44:06,760 --> 00:44:08,840
but you have to have at least two platforms.

1138
00:44:08,840 --> 00:44:12,480
So maybe you're a Poshmark girl or a Macari guy.

1139
00:44:12,480 --> 00:44:14,960
I think you have to have two main platforms

1140
00:44:14,960 --> 00:44:18,000
so you don't have all your eggs in one basket.

1141
00:44:18,000 --> 00:44:19,160
No, I agree with that

1142
00:44:19,160 --> 00:44:21,360
because we all got that email this year.

1143
00:44:21,360 --> 00:44:23,440
We're no longer selling books.

1144
00:44:23,440 --> 00:44:24,720
I mean, you and I talked about that.

1145
00:44:24,720 --> 00:44:27,040
Okay, that just means more CDs and DVDs,

1146
00:44:27,040 --> 00:44:31,280
but what if they're like no more third party sellers?

1147
00:44:31,280 --> 00:44:32,400
That's big.

1148
00:44:32,400 --> 00:44:33,240
Yeah.

1149
00:44:33,240 --> 00:44:34,160
They can do that.

1150
00:44:34,160 --> 00:44:35,840
They can, any platform can, right?

1151
00:44:35,840 --> 00:44:37,360
Or any platform can go belly up.

1152
00:44:37,360 --> 00:44:39,320
We don't know what's going on behind the scenes, right?

1153
00:44:39,320 --> 00:44:41,360
They get the new CEOs.

1154
00:44:41,360 --> 00:44:42,960
Like, we were talking about it

1155
00:44:42,960 --> 00:44:45,200
before we started recording this calls.

1156
00:44:45,200 --> 00:44:48,680
You look at the stock prices of Amazon and eBay.

1157
00:44:48,680 --> 00:44:50,120
It's down big.

1158
00:44:50,120 --> 00:44:52,320
I mean, it's not a little bit here.

1159
00:44:52,320 --> 00:44:54,320
So things can happen

1160
00:44:54,320 --> 00:44:56,640
where platforms can go away overnight

1161
00:44:56,640 --> 00:44:59,120
and you have to be willing to pivot.

1162
00:44:59,120 --> 00:45:01,440
And I mean, I'll throw Deb out there, right?

1163
00:45:01,440 --> 00:45:04,920
Cat and dog toys, deborammerystudio.com.

1164
00:45:04,920 --> 00:45:06,880
She built her own website on Shopify.

1165
00:45:06,880 --> 00:45:09,040
So she don't have to play by nobody's rules.

1166
00:45:09,040 --> 00:45:10,120
She's got her own website.

1167
00:45:10,120 --> 00:45:10,960
It's hosted.

1168
00:45:10,960 --> 00:45:11,920
She pays for that.

1169
00:45:11,920 --> 00:45:15,160
So if Etsy goes bye-bye, she's still good to go, right?

1170
00:45:15,160 --> 00:45:16,960
But she has two different options

1171
00:45:16,960 --> 00:45:18,680
and you have to have at least two.

1172
00:45:19,680 --> 00:45:21,320
Right, and then you mentioned it.

1173
00:45:21,320 --> 00:45:26,320
I think eBay's on their eighth or ninth CEO since 1996.

1174
00:45:26,640 --> 00:45:28,080
That's a lot, guys.

1175
00:45:28,080 --> 00:45:29,520
That is a lot.

1176
00:45:29,520 --> 00:45:30,720
Yeah, they're trying to,

1177
00:45:30,720 --> 00:45:32,960
these platforms are still trying to,

1178
00:45:32,960 --> 00:45:35,480
Amazon came in and just kind of took it by storm.

1179
00:45:35,480 --> 00:45:37,560
So all these other platforms are trying to figure out ways

1180
00:45:37,560 --> 00:45:39,480
to make things make sense.

1181
00:45:39,480 --> 00:45:41,800
But it's just, you know, as a part-timer,

1182
00:45:41,800 --> 00:45:43,120
that wants to go full-time,

1183
00:45:43,120 --> 00:45:45,200
I'm not saying you have to be fully invested

1184
00:45:45,200 --> 00:45:46,440
in both platforms, right?

1185
00:45:46,440 --> 00:45:51,160
I'm not listing 25 a day on eBay and 25 a day on Amazon.

1186
00:45:51,160 --> 00:45:53,400
I'm one a day on eBay.

1187
00:45:53,400 --> 00:45:55,440
I mean, one a day.

1188
00:45:55,440 --> 00:45:57,840
One, not two, not three.

1189
00:45:57,840 --> 00:46:00,280
One listing every day on eBay for me.

1190
00:46:00,280 --> 00:46:01,400
I have an eBay store.

1191
00:46:01,400 --> 00:46:03,720
It makes me a thousand plus dollars a month.

1192
00:46:03,720 --> 00:46:07,480
It's just, I try to keep eBay as less of a headache

1193
00:46:07,480 --> 00:46:08,920
as I can because it's not my focus,

1194
00:46:08,920 --> 00:46:11,320
but you have to have that fallback.

1195
00:46:11,320 --> 00:46:12,920
Right, and there's another difference

1196
00:46:12,920 --> 00:46:14,760
other than Mike works half the time.

1197
00:46:14,760 --> 00:46:17,360
I have, I want a big warehouse.

1198
00:46:17,360 --> 00:46:18,800
I want like 10 employees.

1199
00:46:18,800 --> 00:46:19,840
Those are my goals.

1200
00:46:19,840 --> 00:46:21,920
I don't necessarily think they're Mike's goals.

1201
00:46:21,920 --> 00:46:24,480
So he doesn't have to crank it up like I do

1202
00:46:24,480 --> 00:46:26,120
to my 80 hour minimum.

1203
00:46:26,120 --> 00:46:28,560
I work more than 80 hours a week, by the way.

1204
00:46:28,560 --> 00:46:32,000
But you gotta, again, we preach this all the time.

1205
00:46:32,000 --> 00:46:34,000
You gotta do what's right for your business.

1206
00:46:34,000 --> 00:46:36,240
Because Mike's business is different from my business

1207
00:46:36,240 --> 00:46:38,120
because we have different goals.

1208
00:46:38,120 --> 00:46:40,600
Yeah, so as a part-timer that's looking to schedule

1209
00:46:40,600 --> 00:46:42,680
full-time, you get to a point where

1210
00:46:42,680 --> 00:46:44,240
you're almost getting there.

1211
00:46:44,240 --> 00:46:46,480
And I challenge everybody that's almost getting there

1212
00:46:46,480 --> 00:46:49,160
to quitting their job not to quit.

1213
00:46:49,160 --> 00:46:51,520
Just because you have that first month,

1214
00:46:51,520 --> 00:46:53,440
oh, Johnny B, I made five grand this month.

1215
00:46:53,440 --> 00:46:55,400
I can quit CVS today.

1216
00:46:55,400 --> 00:46:57,440
No, no, no, no, no.

1217
00:46:57,440 --> 00:47:02,280
One anomaly month is not what you're going off of.

1218
00:47:02,280 --> 00:47:05,080
I need at least two, I wanna say you need at least

1219
00:47:05,080 --> 00:47:08,440
three months of making the income you're making

1220
00:47:08,440 --> 00:47:11,440
and doing all the things within your reselling business

1221
00:47:11,440 --> 00:47:13,160
that you should be doing daily

1222
00:47:13,160 --> 00:47:14,480
before you decide to quit.

1223
00:47:14,480 --> 00:47:16,960
And for me, it was probably closer to a year.

1224
00:47:16,960 --> 00:47:19,560
Like I said, Deb was yelling at me to quit

1225
00:47:19,560 --> 00:47:20,560
way before I did.

1226
00:47:20,560 --> 00:47:23,160
And I'm like, I'm not really a quitter on anything

1227
00:47:23,160 --> 00:47:24,960
and my retirement.

1228
00:47:24,960 --> 00:47:27,040
And I was just like, I don't know.

1229
00:47:27,040 --> 00:47:28,960
And then I finally got to the point where I could,

1230
00:47:28,960 --> 00:47:31,400
I mean, I could have quit 12 months ago.

1231
00:47:31,400 --> 00:47:33,280
And even to this day, she says it all the time.

1232
00:47:33,280 --> 00:47:35,520
Like she's, I'm surprised you told me you quit.

1233
00:47:35,520 --> 00:47:37,360
I didn't believe when you called me in the parking lot

1234
00:47:37,360 --> 00:47:38,200
and said you quit.

1235
00:47:38,200 --> 00:47:40,320
It's just one of those things, right?

1236
00:47:40,320 --> 00:47:41,560
And I'll do you one better.

1237
00:47:41,560 --> 00:47:45,000
And before I make my statement here,

1238
00:47:45,000 --> 00:47:47,400
in Amazon land is May, June, and July,

1239
00:47:47,400 --> 00:47:48,240
the worst selling months,

1240
00:47:48,240 --> 00:47:50,000
or really doesn't matter over there.

1241
00:47:50,000 --> 00:47:52,400
It depends what you're selling.

1242
00:47:52,400 --> 00:47:53,680
What we sell.

1243
00:47:53,680 --> 00:47:56,880
No, I'm pretty consistent through most of the months.

1244
00:47:56,880 --> 00:47:58,560
Once you get up there with inventory,

1245
00:47:58,560 --> 00:48:00,280
it gets more consistent with Amazon.

1246
00:48:00,280 --> 00:48:01,880
I don't think there's really slow months.

1247
00:48:01,880 --> 00:48:04,240
People are like, oh, are you gonna see an uptick,

1248
00:48:04,240 --> 00:48:05,080
a downtick?

1249
00:48:05,080 --> 00:48:06,080
When you have volume,

1250
00:48:06,080 --> 00:48:08,120
you're still gonna sell no matter what.

1251
00:48:08,120 --> 00:48:11,880
Fair, so there's a thing, at least an eBay land

1252
00:48:11,880 --> 00:48:13,600
of summer, what we call summer slowdown,

1253
00:48:13,600 --> 00:48:15,080
which May, June, and July.

1254
00:48:15,080 --> 00:48:17,000
If you're able to make your paycheck

1255
00:48:17,000 --> 00:48:18,760
during those three critical months,

1256
00:48:18,760 --> 00:48:20,760
whatever you're doing for your day job,

1257
00:48:20,760 --> 00:48:23,000
I'd say you're free and clear to leave your day job.

1258
00:48:23,000 --> 00:48:25,000
But this is if you're doing eBay,

1259
00:48:25,000 --> 00:48:26,520
and eBay only at that.

1260
00:48:26,520 --> 00:48:28,720
If you diversify to like we were saying,

1261
00:48:28,720 --> 00:48:30,320
eBay and Amazon,

1262
00:48:30,320 --> 00:48:31,840
and again, he just said,

1263
00:48:31,840 --> 00:48:35,000
there's not really a summer slowdown over in Amazon land.

1264
00:48:35,000 --> 00:48:40,000
Maybe again, the collective money,

1265
00:48:41,560 --> 00:48:43,280
if you're able to clear during those three months,

1266
00:48:43,280 --> 00:48:46,320
I'd say you're safe to give your notice.

1267
00:48:46,320 --> 00:48:47,480
May, June, and July,

1268
00:48:47,480 --> 00:48:52,040
I did roughly 20K between the three months on Amazon.

1269
00:48:52,040 --> 00:48:56,040
I did less on Amazon in, what would that be?

1270
00:48:56,040 --> 00:48:58,600
January, February, March.

1271
00:48:58,600 --> 00:49:00,440
So interesting, different cycles.

1272
00:49:00,440 --> 00:49:01,640
But you have to factor in,

1273
00:49:01,640 --> 00:49:04,120
I probably was ramping up more during those months.

1274
00:49:04,120 --> 00:49:05,320
So I can't-

1275
00:49:05,320 --> 00:49:06,880
Right, because you just came out of the lockdown,

1276
00:49:06,880 --> 00:49:07,720
you got to settle in.

1277
00:49:07,720 --> 00:49:09,600
Yeah, next year will probably be a better accurate.

1278
00:49:09,600 --> 00:49:12,320
But there is no huge drop off for me

1279
00:49:12,320 --> 00:49:13,280
if I'm looking at it.

1280
00:49:13,280 --> 00:49:16,880
So you got to have consistency, right?

1281
00:49:16,880 --> 00:49:19,280
You can't, like I walk into a thrift store,

1282
00:49:19,280 --> 00:49:21,400
sometimes you find a $500 item.

1283
00:49:21,400 --> 00:49:23,240
And when you're small part-time,

1284
00:49:23,240 --> 00:49:25,800
that $500 boost to your bottom line,

1285
00:49:25,800 --> 00:49:28,600
it gives you that huge anomaly in your sales, right?

1286
00:49:28,600 --> 00:49:32,080
You go from a $2,000 a month to a $3,000 a month

1287
00:49:32,080 --> 00:49:34,160
because two or three items,

1288
00:49:34,160 --> 00:49:35,800
but you're not consistently gonna find that.

1289
00:49:35,800 --> 00:49:38,240
You can't rely on the home run numbers.

1290
00:49:38,240 --> 00:49:40,200
You have to rely on the bread and butter numbers,

1291
00:49:40,200 --> 00:49:42,920
the stuff you're always selling consistently

1292
00:49:42,920 --> 00:49:44,120
to kind of get it to a point

1293
00:49:44,120 --> 00:49:47,040
where you can comfortably step away.

1294
00:49:47,040 --> 00:49:50,480
And I want people to be comfortable in making the choice.

1295
00:49:50,480 --> 00:49:53,000
I don't want you saying, I'm quitting my job.

1296
00:49:53,000 --> 00:49:55,160
And then two weeks rolls around,

1297
00:49:55,160 --> 00:49:56,840
you don't get that paycheck from your job.

1298
00:49:56,840 --> 00:49:59,360
And you're like, wait a minute, this isn't working.

1299
00:49:59,360 --> 00:50:01,080
And that's, unfortunately,

1300
00:50:01,080 --> 00:50:02,400
that's happened to a lot of people.

1301
00:50:02,400 --> 00:50:04,440
A lot of people get burned in the reselling business

1302
00:50:04,440 --> 00:50:06,560
because they hear all this money people

1303
00:50:06,560 --> 00:50:08,920
are making these gurus and all that nonsense.

1304
00:50:08,920 --> 00:50:10,480
And you have to be smart.

1305
00:50:10,480 --> 00:50:13,040
You have to realize this is a business.

1306
00:50:13,040 --> 00:50:14,040
This is your life.

1307
00:50:14,040 --> 00:50:16,200
You're not getting that guaranteed paycheck anymore.

1308
00:50:16,200 --> 00:50:18,480
And you don't have a guaranteed schedule, right?

1309
00:50:18,480 --> 00:50:20,920
I'm not calling Johnny B at 9.05

1310
00:50:20,920 --> 00:50:23,080
when he's supposed to be in at nine, like, hey,

1311
00:50:23,080 --> 00:50:24,360
where are you at?

1312
00:50:24,360 --> 00:50:25,440
There's nobody to do that.

1313
00:50:25,440 --> 00:50:29,360
You gotta get up yourself and get things done.

1314
00:50:29,360 --> 00:50:31,440
I'm gonna roll back to what I said.

1315
00:50:31,440 --> 00:50:33,520
I'm gonna still stick to the three months.

1316
00:50:33,520 --> 00:50:37,360
The three months in particular don't matter.

1317
00:50:37,360 --> 00:50:39,600
Plus 20%.

1318
00:50:39,600 --> 00:50:43,560
So that accounts for any anomalies coming up.

1319
00:50:43,560 --> 00:50:45,000
Let's say you get to those three months

1320
00:50:45,000 --> 00:50:46,760
and then your next cycle,

1321
00:50:46,760 --> 00:50:49,480
you made one half what you did these three,

1322
00:50:49,480 --> 00:50:52,760
but that plus 20% of what your base pay was,

1323
00:50:52,760 --> 00:50:55,880
that accounts for those drop in sales

1324
00:50:55,880 --> 00:50:58,320
for whatever's going on in the world.

1325
00:50:58,320 --> 00:51:03,320
So yeah, three months, whatever your job is, plus 20%.

1326
00:51:04,000 --> 00:51:06,840
You're able to clear base pay plus 20%

1327
00:51:06,840 --> 00:51:08,000
for three consecutive months.

1328
00:51:08,000 --> 00:51:09,040
Go ahead, put your notice

1329
00:51:09,040 --> 00:51:11,840
if you really want to do this full-time, in my opinion.

1330
00:51:11,840 --> 00:51:14,920
We're going off bottom line income here as well.

1331
00:51:14,920 --> 00:51:16,320
We're not going off sales.

1332
00:51:16,320 --> 00:51:17,440
Your sales mean nothing.

1333
00:51:17,440 --> 00:51:18,280
I don't care if somebody says that.

1334
00:51:18,280 --> 00:51:19,240
Sales on the jack.

1335
00:51:19,240 --> 00:51:20,960
Your sales and what you see people say,

1336
00:51:20,960 --> 00:51:22,680
I sold this much, I sold that much.

1337
00:51:22,680 --> 00:51:25,560
That means nothing is what your take home after all that.

1338
00:51:25,560 --> 00:51:27,320
So that's the important part here.

1339
00:51:27,320 --> 00:51:29,680
Don't get caught up so much in your sales number.

1340
00:51:29,680 --> 00:51:31,280
You want to see how much is actually going

1341
00:51:31,280 --> 00:51:32,720
into your bank account.

1342
00:51:32,720 --> 00:51:34,760
Keep a separate bank account.

1343
00:51:34,760 --> 00:51:35,960
That's the easiest way.

1344
00:51:35,960 --> 00:51:38,880
I mean, it's just, I mean, I think it's gotta be

1345
00:51:38,880 --> 00:51:41,000
the main way you do this is, you know,

1346
00:51:41,000 --> 00:51:43,320
I have an eBay card, all my eBay money goes on there

1347
00:51:43,320 --> 00:51:44,800
and I spend it on Amazon inventory.

1348
00:51:44,800 --> 00:51:47,080
So I know exactly what I'm getting from eBay

1349
00:51:47,080 --> 00:51:49,000
and eBay even gives you monthly statements now

1350
00:51:49,000 --> 00:51:51,720
that they make it so easy to actually go in and see.

1351
00:51:51,720 --> 00:51:54,040
So get an actual picture.

1352
00:51:54,040 --> 00:51:54,880
Go ahead.

1353
00:51:54,880 --> 00:51:55,760
Yeah, okay, go ahead.

1354
00:51:55,760 --> 00:51:56,720
Go ahead.

1355
00:51:56,720 --> 00:51:58,480
So yeah, and then that's a fair point,

1356
00:51:58,480 --> 00:52:00,600
but also do the same thing for your paycheck

1357
00:52:00,600 --> 00:52:01,880
to know what that number is.

1358
00:52:01,880 --> 00:52:06,080
So yeah, you may, they may say you make five grand a month,

1359
00:52:06,080 --> 00:52:08,200
but you're only clear in 3,500.

1360
00:52:08,200 --> 00:52:10,040
Okay, then your base on your reselling

1361
00:52:10,040 --> 00:52:12,680
needs to be 3,500 plus 20%.

1362
00:52:12,680 --> 00:52:15,200
It's your take home and your take home.

1363
00:52:15,200 --> 00:52:17,040
Yes, yes, that's all that matters.

1364
00:52:17,040 --> 00:52:20,360
Your sales and your salary mean nothing

1365
00:52:20,360 --> 00:52:22,520
because that's not what you're actually getting paid, right?

1366
00:52:22,520 --> 00:52:25,640
That's just these cool numbers that people have

1367
00:52:25,640 --> 00:52:26,760
and show around.

1368
00:52:26,760 --> 00:52:29,680
So you have to grow it smartly

1369
00:52:29,680 --> 00:52:32,840
and don't rush to jump to full-time.

1370
00:52:32,840 --> 00:52:35,200
Make sure that you have the foundation.

1371
00:52:35,200 --> 00:52:36,320
I know it sucks.

1372
00:52:36,320 --> 00:52:37,800
A lot of people hate their jobs.

1373
00:52:37,800 --> 00:52:41,240
I was one of them, but suck it up for another six months.

1374
00:52:41,240 --> 00:52:44,400
If you can't turn a part-time into full-time

1375
00:52:44,400 --> 00:52:47,680
within six months, then it's not for you

1376
00:52:47,680 --> 00:52:49,800
because you're not putting in enough effort

1377
00:52:49,800 --> 00:52:51,480
and you're not sourcing enough items.

1378
00:52:51,480 --> 00:52:53,760
So maybe you need to revisit it down the road,

1379
00:52:53,760 --> 00:52:56,560
but I think six months, if you wanna turn this part-time

1380
00:52:56,560 --> 00:52:59,360
into full-time is probably a good number

1381
00:52:59,360 --> 00:53:01,360
to a goal to set for yourself.

1382
00:53:01,360 --> 00:53:03,400
Like, hey, I'm giving myself six months

1383
00:53:03,400 --> 00:53:05,280
to turn this part-time into full-time.

1384
00:53:05,280 --> 00:53:08,080
I think you can easily do it no matter what you're doing.

1385
00:53:08,080 --> 00:53:10,320
Look for bulk deals so you don't have to leave your house

1386
00:53:10,320 --> 00:53:11,200
to source.

1387
00:53:11,200 --> 00:53:13,840
There's so many different things you can do.

1388
00:53:13,840 --> 00:53:16,040
You feel like six months is a good number?

1389
00:53:16,040 --> 00:53:18,480
I do, I'm comfortable with six months.

1390
00:53:18,480 --> 00:53:20,480
And just to reiterate, don't do what I did.

1391
00:53:20,480 --> 00:53:21,880
Don't put yourself in that do or die

1392
00:53:21,880 --> 00:53:23,960
even if you got the cushion to do it.

1393
00:53:23,960 --> 00:53:25,960
Do it the Mike way, do it the smart way.

1394
00:53:25,960 --> 00:53:27,920
Mike is a smart guy.

1395
00:53:27,920 --> 00:53:29,520
I mean, I'm not that smart.

1396
00:53:29,520 --> 00:53:31,000
That's the only time you'll hear me say this.

1397
00:53:31,000 --> 00:53:33,760
If it wasn't for Deb, I'd probably still be working at CVS.

1398
00:53:33,760 --> 00:53:38,440
So, probably not, but I'd probably be working somewhere else.

1399
00:53:38,440 --> 00:53:40,240
I probably wouldn't be doing reselling.

1400
00:53:40,240 --> 00:53:41,600
And if you hate your job enough,

1401
00:53:41,600 --> 00:53:43,360
it's gonna motivate you more and more

1402
00:53:43,360 --> 00:53:45,360
to actually build this up on the side, right?

1403
00:53:45,360 --> 00:53:48,360
You don't care if you work 60 hours this week,

1404
00:53:48,360 --> 00:53:50,760
you're still gonna get out to the flea market on the weekend

1405
00:53:50,760 --> 00:53:52,560
and make some money so you can tell these people

1406
00:53:52,560 --> 00:53:54,520
to go beat it, you're gonna go do your own.

1407
00:53:54,520 --> 00:53:56,600
And there's no better feeling than quitting a job you hate.

1408
00:53:56,600 --> 00:53:58,960
I'll tell you what, when I walked out those doors at CVS,

1409
00:53:58,960 --> 00:54:00,320
it was like the weight of the world

1410
00:54:00,320 --> 00:54:01,800
was lifted off my shoulders.

1411
00:54:02,720 --> 00:54:04,120
Right, I didn't hate my job,

1412
00:54:04,120 --> 00:54:07,120
but I did get some satisfaction.

1413
00:54:07,120 --> 00:54:09,240
I don't know, it's like your Atlas, right?

1414
00:54:09,240 --> 00:54:12,520
Holding the world on top of your shoulders and then,

1415
00:54:12,520 --> 00:54:14,480
I'm a reseller now, yeah.

1416
00:54:14,480 --> 00:54:16,280
I was good at my job.

1417
00:54:16,280 --> 00:54:18,840
And believe it or not, when I quit in November,

1418
00:54:18,840 --> 00:54:20,280
if I would have stayed till March,

1419
00:54:20,280 --> 00:54:24,840
I was probably looking at a 10 grand bonus, right?

1420
00:54:24,840 --> 00:54:25,800
So-

1421
00:54:25,800 --> 00:54:26,800
That's a good bonus.

1422
00:54:26,800 --> 00:54:29,760
Deb yells at me, hey, the hell with the bonus,

1423
00:54:29,760 --> 00:54:33,840
put Deb 10 grand, I just gotta last four more months.

1424
00:54:33,840 --> 00:54:36,480
She's like, who cares, it doesn't matter.

1425
00:54:36,480 --> 00:54:40,520
And I was stubborn, I'm stubborn like most people are.

1426
00:54:40,520 --> 00:54:43,320
I was like, well, I wanna hang in there for that bonus

1427
00:54:43,320 --> 00:54:46,560
and bonus didn't, forget the bonus, it meant nothing to me.

1428
00:54:46,560 --> 00:54:49,400
I made more in those months from when I quit

1429
00:54:49,400 --> 00:54:50,320
and understand, right?

1430
00:54:50,320 --> 00:54:53,160
When you're switching from part-time to full-time,

1431
00:54:53,160 --> 00:54:55,200
you have to kind of flip a switch.

1432
00:54:55,200 --> 00:54:57,080
You can't continue your part-time habits.

1433
00:54:57,080 --> 00:54:58,720
You gotta ramp it up.

1434
00:54:58,720 --> 00:54:59,560
Full-time.

1435
00:54:59,560 --> 00:55:00,840
And you gotta ramp it up quick, right?

1436
00:55:00,840 --> 00:55:02,960
Because you're making that money you're making,

1437
00:55:02,960 --> 00:55:05,480
but that's a bottom line for you.

1438
00:55:05,480 --> 00:55:07,360
That's something you're building off of.

1439
00:55:07,360 --> 00:55:09,560
Just think about it, you're in this situation now,

1440
00:55:09,560 --> 00:55:11,320
you're part-time, you wanna go full-time.

1441
00:55:11,320 --> 00:55:14,600
You're making $5,000 a month part-time.

1442
00:55:14,600 --> 00:55:17,200
Just think about if you devoted that extra 20, 30 hours

1443
00:55:17,200 --> 00:55:19,000
a week to reselling, what it could be.

1444
00:55:19,000 --> 00:55:21,200
Let that motivate you, but don't do that

1445
00:55:21,200 --> 00:55:22,720
before you hit your number.

1446
00:55:22,720 --> 00:55:25,480
Don't say, hey, I'm making $1,000

1447
00:55:25,480 --> 00:55:28,000
and I'm only doing this five hours a week.

1448
00:55:28,000 --> 00:55:32,800
And if I quit today and I can invest another 35 hours,

1449
00:55:32,800 --> 00:55:35,920
I'm gonna make whatever the X is on that,

1450
00:55:35,920 --> 00:55:39,080
$8,000 a week, that's not the reality.

1451
00:55:39,080 --> 00:55:41,000
You wanna build it to a point where you're consistently

1452
00:55:41,000 --> 00:55:43,600
getting that income and then you can start thinking

1453
00:55:43,600 --> 00:55:45,320
exponential numbers in your head,

1454
00:55:45,320 --> 00:55:47,160
what the potential possibly is.

1455
00:55:47,160 --> 00:55:49,840
Don't do that before you're at that baseline

1456
00:55:49,840 --> 00:55:50,800
where you wanna be.

1457
00:55:51,960 --> 00:55:56,000
Yeah, it's okay to go slow.

1458
00:55:56,000 --> 00:55:58,000
You fall into a trap, right?

1459
00:55:58,000 --> 00:55:58,840
What's that?

1460
00:55:58,840 --> 00:56:00,600
You fall into a trap because you have one week

1461
00:56:00,600 --> 00:56:02,600
where you make a thousand bucks and you think

1462
00:56:02,600 --> 00:56:04,520
you can quit that next week because every week

1463
00:56:04,520 --> 00:56:05,600
is gonna be a thousand.

1464
00:56:05,600 --> 00:56:08,320
It's kinda like a mind trap because you see that number

1465
00:56:08,320 --> 00:56:10,280
for that one week or that one month

1466
00:56:10,280 --> 00:56:12,320
and you think that it's gonna be reproduced

1467
00:56:12,320 --> 00:56:15,080
no matter what if you quit today, not in three months.

1468
00:56:15,080 --> 00:56:18,240
If you quit today, you can easily continue that number,

1469
00:56:18,240 --> 00:56:21,160
but that's not reality.

1470
00:56:21,160 --> 00:56:23,440
Oh yeah, and I had bad months and I had bad days.

1471
00:56:23,440 --> 00:56:26,080
I mean, and I think we focus on the bad days

1472
00:56:26,080 --> 00:56:27,480
and then look at the month as a whole.

1473
00:56:27,480 --> 00:56:30,840
But even then, sometimes there's worse months than others.

1474
00:56:30,840 --> 00:56:34,000
And if you think you're gonna make this all the time

1475
00:56:34,000 --> 00:56:36,280
without making any adjustments and just maintain

1476
00:56:36,280 --> 00:56:38,080
what you're doing, you're wrong.

1477
00:56:38,080 --> 00:56:39,840
Sorry, you're wrong.

1478
00:56:39,840 --> 00:56:43,760
So, and to what I was saying,

1479
00:56:43,760 --> 00:56:48,760
it's okay to grow slow even if you're running to grow slow,

1480
00:56:49,280 --> 00:56:52,040
if that makes any kind of sense, I hope it does.

1481
00:56:52,040 --> 00:56:55,080
You can hustle, but you can do it safely.

1482
00:56:55,080 --> 00:56:57,600
And I advise doing it safely.

1483
00:56:57,600 --> 00:56:59,520
I'm gonna reiterate, don't do it my way.

1484
00:56:59,520 --> 00:57:01,680
There's a lot more gray hair over here

1485
00:57:01,680 --> 00:57:04,920
than there was six, seven, eight, nine months ago.

1486
00:57:04,920 --> 00:57:07,120
I made it work, I did what I needed to do,

1487
00:57:07,120 --> 00:57:08,120
but I'd be tired.

1488
00:57:08,920 --> 00:57:11,520
Be smart, there's so many resources out there.

1489
00:57:11,520 --> 00:57:12,800
So like how I came on to Resell

1490
00:57:12,800 --> 00:57:16,080
was just sitting at work, working by myself, nine to five,

1491
00:57:16,080 --> 00:57:18,080
and just, I'm just on YouTube, right?

1492
00:57:18,080 --> 00:57:21,760
Like how to quit, how to get out of my miserable job.

1493
00:57:21,760 --> 00:57:23,200
There's so much content out there.

1494
00:57:23,200 --> 00:57:24,480
You can do anything, right?

1495
00:57:24,480 --> 00:57:25,960
It doesn't even have to just be Resell.

1496
00:57:25,960 --> 00:57:28,160
And you can do anything you wanna do out there,

1497
00:57:28,160 --> 00:57:29,840
but build it up smart.

1498
00:57:29,840 --> 00:57:32,200
Build it on the side so you can quit your job.

1499
00:57:32,200 --> 00:57:33,840
Right, you don't have to suffer.

1500
00:57:34,880 --> 00:57:37,520
I put myself in a suffering scenario.

1501
00:57:37,520 --> 00:57:39,440
Was it worth it?

1502
00:57:39,440 --> 00:57:41,840
Debatable, I'm happy where I'm at now,

1503
00:57:41,840 --> 00:57:44,480
but I didn't have to do it the way I did it.

1504
00:57:46,560 --> 00:57:48,880
And I would advise anybody not to do it the way I did it.

1505
00:57:48,880 --> 00:57:49,720
I really would.

1506
00:57:50,720 --> 00:57:52,080
All right, I think we're gonna wrap it up here.

1507
00:57:52,080 --> 00:57:53,000
We've been talking forever.

1508
00:57:53,000 --> 00:57:53,840
This is one of those things

1509
00:57:53,840 --> 00:57:55,920
where we kind of talk about it every week on the call

1510
00:57:55,920 --> 00:57:57,320
because we have a lot of part-timers

1511
00:57:57,320 --> 00:57:58,840
and a lot of them will wanna stay part-time,

1512
00:57:58,840 --> 00:58:00,600
a lot of them wanna go full-time.

1513
00:58:00,600 --> 00:58:02,120
Either way is perfectly fine.

1514
00:58:02,120 --> 00:58:03,960
You just have to kind of have a different mindset

1515
00:58:03,960 --> 00:58:05,520
of how you do things.

1516
00:58:05,520 --> 00:58:06,520
That's all it comes down to.

1517
00:58:06,520 --> 00:58:08,200
And grow it slow.

1518
00:58:08,200 --> 00:58:11,160
And every little bit of money you make on the side

1519
00:58:11,160 --> 00:58:12,200
adds up.

1520
00:58:12,200 --> 00:58:15,320
Don't think about it in a way where you have to be making

1521
00:58:15,320 --> 00:58:17,680
five, 10 grand your first three months

1522
00:58:17,680 --> 00:58:19,200
every month part-time.

1523
00:58:19,200 --> 00:58:20,040
That's not the reality.

1524
00:58:20,040 --> 00:58:22,760
Don't expect my results or Johnny B results

1525
00:58:22,760 --> 00:58:24,760
when you're only doing it a fourth of the time.

1526
00:58:24,760 --> 00:58:26,640
I mean, that's just a reality of it.

1527
00:58:26,640 --> 00:58:28,080
And that's perfectly fine.

1528
00:58:28,080 --> 00:58:31,320
Like I said, if you have the mentality and the willpower

1529
00:58:31,320 --> 00:58:33,320
to keep this part-time on the side,

1530
00:58:33,320 --> 00:58:35,720
and you can get it down to maybe six hours a week,

1531
00:58:35,720 --> 00:58:38,720
I mean, you're collecting a check and it's that easy.

1532
00:58:38,720 --> 00:58:41,640
And most of us that work in these full-time jobs,

1533
00:58:41,640 --> 00:58:43,920
it can be a lot easier than working some of these jobs.

1534
00:58:43,920 --> 00:58:44,760
So I get it.

1535
00:58:44,760 --> 00:58:48,280
So sorry, members, no full-length episode for you suckers

1536
00:58:48,280 --> 00:58:49,120
this week.

1537
00:58:50,400 --> 00:58:53,080
Message Johnny B, he'll deal with the complaints,

1538
00:58:53,080 --> 00:58:54,040
my complaint department.

1539
00:58:54,040 --> 00:58:55,680
But we appreciate you all watching.

1540
00:58:55,680 --> 00:58:58,600
You can work in my eBay store for the day to feel better.

1541
00:58:58,600 --> 00:59:01,120
Dude, that's the last thing anybody wants to do.

1542
00:59:01,120 --> 00:59:03,640
We appreciate you watching and we'll talk to you guys

1543
00:59:03,640 --> 00:59:04,480
next week.

1544
00:59:04,480 --> 00:59:05,320
Bye-bye.

1545
00:59:05,320 --> 00:59:06,840
Thanks for listening to another episode

1546
00:59:06,840 --> 00:59:08,920
of the Resellers Mindset Podcast.

1547
00:59:08,920 --> 00:59:11,240
Today's full episode and all previous episodes

1548
00:59:11,240 --> 00:59:13,360
are available to all YouTube members

1549
00:59:13,360 --> 00:59:16,160
along with the weekly Zoom call and private Discord.

1550
00:59:16,160 --> 00:59:19,320
Head on over to youtube.com backslash to use book guy

1551
00:59:19,320 --> 00:59:38,320
and consider joining for as little as 2.99 a month.