The Truth About "Full Time" Resellers On The Internet
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- čas přidán 9. 02. 2023
- Would love to hear your feedback in the comment section below! What is a full time reseller in your opinion? How can we all guide our audiences in the right direction?
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Would love to hear your feedback in the comment section below! What is a full time reseller in your opinion? How can we all guide our audiences in the right direction?
IMHO, A full time reseller is someone that has no regular 9-5 job and resells for their main income. They may do other things on the side, but reselling is what they "do for a living". Great video!
Well written, thanks
Agree
My husband and I are both fulltime resellers. We 100% support our family by selling on ebay and Poshmark. We don't have you tube or make money off of social media. So I consider us the real deal 🤩
Amazing can't wait till I jump in full time. I do my 9 to 5 now and dang it, it's hard. Plus I commute for one hour after I'm off everyday. But I will do it hard if I have to 💪
For sure! Appreciate ya’ll ❤️
You got this George!
@@hustlinhooks thank you, means a lot.
I follow you on Instagram and you are definitely the real deal! Your self accountability is why you can support your family with reselling.
I’ve got a suspicion that unrealistic expectations about the amount of time and work in relation to the net income is a big reason for the burnout rate among resellers. You’ve hit on an important topic.
VERY well said.
I agree 100% with your statement.
Agreed!
I am part time. My husband has a full time job. I started selling clothing to help pay my daughters medical bills from her Cancer treatment’s. She is 18 now and Cancer free with no medical bills. Now I use my part time profit to put towards the principal of our house. We wanted it paid off by the end of this year. It should be paid off by the end of this year. Then sky’s the limit. 😀
Glad to hear it and thank you for the note!
One of the things I do is visit their online store when I find a supposed full time reseller. I then look at their sales and it quickly becomes obvious if they are indeed a full time reseller or if they are generating their main income with CZcams videos. We are full time resellers but we work at it every day for approximately ten hours a day. It is hard work but very rewarding.
Hard work indeed - thanks for the note!
Everything you said is the truth! Also, influencers who make it seem like reselling is an easy quick way to make money. Full time resellers work their butts off and I'm not sure I could do it. I'm part time and it's still hard work but I'm happy with that. Thank you for being transparent!
Sure thing, thank you.
This is 100% spot on. I think this is super important in this space as essentially you are influencing people to start doing this and if that person giving the advice isn’t actually able to make that happen themselves then that next person is walking in blind expecting to replace their income without having all the information.
Well said - thank you
👏🏻 👏🏻 👏🏻 This is so on point! I don’t mind watching resellers whose primary income is social media when they are transparent about it otherwise it seems deceitful.
For sure, same here!
Great video, filled with integrity, of which I'd expect nothing less coming from you guys! :)
Appreciate it ❤️
AMEN!! My opinion is that you are a full time reseller if that is what you spend the most hours per week doing. See, I have a full time 40 hour per week job and even tho I “grossed” more reselling than I did at my full time job it doesn’t make me a full time reseller. I’m a paralegal by day and a reseller by night…lol. Also, not all watchers seem to grasp that “CZcamsrs” are NOT finding gems at every single thrift or every single yard sale. They are finding the occasional gem and a whole LOT of crap but CZcamsrs are not going to tell all that because who wants to watch someone genuinely being truthful and showing how much actual back breaking work goes into reselling. People also don’t seem to grasp that CZcamsrs are going to make more because of their CZcams channel and the fact that a followers will buy items and pay more because they want to support that person/couple. The fact that you and Mel show more of the actual work that goes into reselling is the very reason I have become such a faithful watcher of your channel and instagram.
Appreciate your support more than we can type in these words. ❤️
I heard one CZcamsr admit that it's a lot of pressure trying to always find "bolos" to show on their videos. I appreciated their honesty!
Of course it is! It’s nearly impossible.
Honestly like you have displayed is needed across this entire platform. Thank you.
My pleasure
Great video bro!
Thanks G
What you said makes total sense. I agree with you 100%. Love your channel!!
Hey thank you 🙂
Well said! You hit the nail right on the head my friend...
Thank you
Right on Brother!
👍🏼🤘🏼
Hi there! Long time watcher, first time commenter! I understand what you're saying, Edin, however, I work eBay full-time hours and no, it doesn't pay ALL my bills, my husband works full-time outside of the home, but I am working FULL-TIME. Just because it doesn't pay all my bills doesn't mean I'm not a full-time eBay seller. Now in regards to my income, no, I'm not making a full-time income from eBay... yet but I am working towards that. I appreciate you and Melinda and all you do! Will keep watching and learning from you both! Cindy
Thanks Cindy! Appreciate the note. The best part about eBay is the flexibility, we can all choose when, how and for how long we want to work. Cheers
@@hustlinhooks Agreed! Been selling since 2001 and I love it! It’s the only job I’ve stuck with all these years! Good job on the shelves!
Ty
I’m a full time reseller. You guys rock !
You rock ❤️
Appreciate your honesty. Love your channel. I am a brand new reseller. Just started a couple months ago. Hope to be a full time reseller at some point. How long did it take you at first?
I consider my wife and a I full time, as reselling antiques & collectibles online has been my sole / primary income source for the past 25 years in the beginning with my father listing his inventory and managing the online aspect of his business and then currently with my wife selling our own inventory while still managing the online aspect of my fathers business. I haven't punched a clock or received a W2 from an employer since 1998, her last w2 was received over a decade ago.
👍🏼👍🏼
I definitely think a person can be physically working full-time reselling from their home & yet STILL not making a full-time income. Just from my part-time hobby reselling I know there's no way I could ever earn enough hourly/yearly to fully support myself which is a bummer as I was hoping I could do this & one day get off of disability, but the biggest challenge in my life is that my health isn't consistent & with reselling, you MUST be consistent.
I had to close my private psychotherapy practice in 2009 so personally, I know what it's like to work part-time & earn a full-time living (when I was a therapist) and I know what it's like to not be able to work, be on disability & be literally poverty level & envy, not the money aspects but the health aspects of those who can manage to make a full-time living doing anything including reselling. But it could always be worse, so I'm grateful for just surviving being on this planet for over 50 years so far :)
We’re grateful you’re here too! Thanks for sharing your thoughts.
@@hustlinhooks
🥰
your haircut looks great !
Thanks!
Thank you! I've gone back and seen some of these experts and how little sales they make and wonder how they are making it because what they say on youtube doesn't match the numbers. Thanks for being real.
My pleasure
Great discussion! I agree that a full-time reseller must make most if not all their income doing reselling. I am not a full-time reseller and never have been. I have been reselling since 1999 on eBay but have always had another full or part-time job. Today, my wife and I have several streams of income that are mostly part-time. My wife does work a 40 hour a week job, I work about 20 hours a week as a job coach. We each have a vintage booth that we run in our little town of Holly, MI. We both do house sitting on the side as well. Life gets crazy at times but I like having many irons in the fire. Great topic! Enjoy the content!
Thank you
Thank you for the reality check
My pleasure
Reselling for me is just a path towards other business ventures, I love reselling but I can’t see myself doing this for more than 10 years from now. Reselling is definitely a hustle, something that most gurus that are just trying to sell courses won’t tell you about.
Same 💯
I think it's easy to watch folks like you or Hustleathomemom, or Hairytornado and think hey I can do that too. Not realizing how much work it can be. What I do know is that I enjoy this right now. Finding things that people want. I'm hoping that I can keep it that way. Thanks for the videos and sharing your journey.
Thank you for writing 🙂
Agree with all your comments. Several you tube channels I no longer watch as their income is from you tube, which is fine but you are right in understanding that’s not a “true reseller”. I feel like I work full time for part-time income with my business, but it was meant to supplement retired life and I’m hitting that goal!
Right on
Truth. 👍
❤️❤️
I have been falling behind in my listings over the past two weeks. I don’t know if it is burnout or if I am sick, but I feel like I barely have the strength to make it through the day. When you are a FT business, there is no one to cover for you or help … so you have to grind through it the best you can
Wishing you a speedy recovery 🙂
Thank you for this video. The great thing about reselling is the flexibility. I have family needs that fluctuate. My spouse wants us to travel. I work between responsibilities and time off. I'm a part time reseller and that's just fine. We are all coming from different backgrounds with different priorities. It would be great if some influential resellers were honest that their selling income is supplementary to the household. There is no shame in being part time. The tips and tricks are no less valuable from a part time reseller. Some of my favorite CZcams resellers are part time (and say so).
Well said 🙂
You can have 2 unicorn horns. Yes. Lol so true!!!
🤪
Excellent topic! I agree with a lot of what you are saying.
However, I want to see a video on "The truth behind 6 figure resellers"
I called myself a 6 figure reseller when I sold 105k in 2021 and felt impressive saying it.
Last year I sold 185k but now I would feel dirty saying I'm a six figure reseller. I made a healthy full-time living reselling but I have never netted 6 figures in one year reselling.
Great point - congrats on the growth 🙂
I agree with you. Social media allows you to call yourself whatever you'd like, including an amphibian. I my opinion, a full-time reseller works 40 + hours a week in reselling and derives their primary income from reselling. I feel that because of so many content creators who misuse the term, we have a lot of part-time, first-time resellers gumming everything up. Remember when you a Melinda sold pots and pans? How long before the market was saturated with Revereware? Or with clothing, Lululemon? Danskos?
For sure - thanks for your note!
We are full time resellers as our income is derived from selling retail online and wholesale. For us it's the freedom to come and go, do our own thing. Full time income is the bonus part to our reselling business. I worked 19 yrs for a fortune 500 company and I had to be there 3 - 11 pm every day... now we work from home when we want to... so we are full time resellers lol 😆 Have a great weekend 😀! Joe Bee 🐝 from 🇨🇦 🍁 🇨🇦 Canada!
Right on! I don’t miss my days at corporate. Cheers Joe
I agree with your video and feel that Many are making more money on CZcams “looking” like reseller for content.
👍🏼👍🏼
I have also been thinking about doing a video about this. My opinion is there is a large difference between a “full time reseller influencer” and a true “full time reseller” the unfortunate part is new people at first only see the influencers doing a quick search on the internet and they believe the story being woven by them. But most seem to find the reality of the situation some stick with it like us and make a living most burn out. I enjoyed this video thanks for doing it. 😉
Thanks! Appreciate your thoughts.
Reselling is what I do to pay my bills, but even though it is what i put my effort and time in to, it isn't full time income. I haven't done it long, but I just hope to increase every year.
Awesome!
Many people have regular 9-5 jobs and can't feed their families, but they still work FT so I personally think FT v/s PT has a lot more to do with the number of hours you work, not the amount of money you make. But I agree that it can be very misleading for people to call themselves FT resellers and let viewers assume they're make a sustainsble income (profit) from it when they're not. People's definition of an hour of "work" can vary greatly as well, but that's a whole other discussion! Nice video, I really appreciate your transparency about your business and everything that goes into it!
Thanks - appreciate your point of view as well!
I work a part time job during the day and get home and work 8-10 hours on eBay. Our main source of income comes directly from eBay and Poshmark. The part time job makes up the difference to where I need to be financially
Right on 🤘🏼
WARRIORS UNITE........CHARRRRGE!!!! Great points and rant, no disagreement here.
Hey thanks
What is fantastic about reselling is that it can be fabulous for someone needing a PT income or for someone needing to be FT. I WISH I could be FT right now, but it's not the right season of my life. That said, I have no plans to go back to a desk job. Ever. Reselling, for me, is too much fun. Ask me if I feel this way when I do go FT. I hope the answer is yes, it may not be. Haha Not exactly what you're looking for, but hey, another comment to boost your video!😂 Okay, I'll try a true definition. FT reselling is making enough net profit to cover your expenses and to build your future. What's tough about this definition is that you wouldn't necessarily be able to swap out "reselling" for another field and that definition would work. I don't think you have to do 40 hrs/wk for it to be FT, either. Basically, you reap what you sow. You sow FT hours, you reap FT income. Just gotta keep learning what sells, do your best, learn from your mistakes, and keep chugging along. Oh, and always be ready to adapt. That one's pretty huge.
Thank you for sharing your thoughts 🙂
When someone says they are a full time reseller, I don't think about their income amount. I think it is their primary job or that they spend at least 40 hrs a week doing it. Being self employed gives everyone the freedom to define their employment however they choose. When social media presence enters in and you are telling others your story; transparency, honesty and accountability define your character, in my opinion. Great food for thought in this video!
Very well said!
Agreed. We wouldn't say a person who works 40 hrs/wk at McDonalds isn't a full-time fast food worker because their spouse makes 51% of the overall household income doing something else. If it's your sole job and you spend full-time+ hours doing it, you are a full-time reseller. That doesn't say anything about whether you are a good one or successful one, but that's another story.
Yes, I totally agree! It's about the hours, not the pay. People who work outside of the home can work full-time and still not be able to support themselves fully on that income.
@@krausehaussiftthrift My point, exactly.
That is true...I have 1700 listings and it's not truly full time money yet. I try to let people know if I share this is WORK! Cheers Julian...lol
RICKKY!!!
I get what you are saying, however, just because my income can't take care of all the bills yet doesn't mean I'm not a full-time reseller. You can't just focus on the income part but also the quantitative hours put into this. It's not easy, but it's what I do full-time across different platforms with an office outside of my home. Like you said everyone's level of living is different. It's going to take time for me to catch up to my husband's income, but I don't think people should be discredited as a full-timer because of just income. Social media helps generate income too for your platform as well as many others.
Thanks for sharing. 🙂👍🏼
I'm a CEO of a monkey farm and am raising tigers in my backyard...not literally! 😂🤣
Mom of boys 🤪😁
Haha, about the same I imagine! ❤️
I think of a full time reseller not necessarily in terms of hours, but in terms of yes you can fully live off the money you make from just reselling.
For sure
Yes!! Cupcake is spitting FACTS!! He's as wise as Master Yoda and as powerful as Master Windu.
😂😂
I don’t know what full time means for everybody else. I just know I’m full time and provide for my family.
For sure 👍🏼👍🏼
Kind of reminds me of "blah blah photography" the people who charge people and feel the need to put HUGE watermarks in their photos and give the appearance on their social media of being a professional photographer, yet their photography is not their sole or primary source of income, they are simply an amateur photographer who shoots as a side gig and not a photographer who makes a living shooting photos... Not to mention often times their equipment is entry level and their photos are sub par compared to a legit professional who has education and experience in the photography industry.
For sure
You do not have to get your primary income from something for it to be classified as full time. It is called full time because that’s where most of your time is exhausted. And your right people can call themselves whatever but the follow up question will be the determining factor. How many hours do you spend on your activity.
Thanks for your input! We run 3 businesses and are working on a 4th, so it’s hard to define at this time
Can’t argue, brother. I do identify as hooplah. It’s practically in my name. 😁😁😁
All love ❤️
IDK if this matters but I had to search specifically because it didn't pop up on my feed. Usually all your content pops up and I watch it directly. This one did not. If it wasn't for your post on IG I'd be watching this maybe days or weeks from now.
Thanks for letting me know, make sure your notifications are on so you get notified when we post a new video!
I'd say the technical qualification to call yourself a full time reseller would be if your gross income is equal or greater to the average in your country. Here in Australia it is $7570 (AUD) per month. Obviosuly Cost of Goods , Overheads etc play a part still though.
Thank you for sharing 🤘🏼
To someone that has another job to supplement their income while they resell to me is not a full-time reseller.
however I do see people that have tried full-time reselling it realize oh after so many a year or two figure I can't really make it just doing this that go get another job or another license to do something else. They're part-time time resellers.
Well said.
Not sure I agree with your point. What would you call a retired person who spends most of their time reselling but their main income is their retirement check. I don't believe the amount you make from reselling determines if you are a fulltime reseller or not. Some people do better than others at it. I say if you spend most of your time thrifting, cleaning, taking photos, editing, organizing, etc., then you ARE a FT reseller. Whether you are making a lot or a little $ from it is a different story. Comparison is a motivator killer. Just my thoughts.
Well said, I’s agree that if you can sell 1 thing a week and make $1,000, and thats your income, bravo, you win the game!
I sell on ebay to supplement SS since I am retired. I work sometimes 8-10 hrs a day but I do not consider this full time. I do not work everyday.
Thank you for sharing 🙂
What inspired you to make this video?
Steering people in the right direction if they are new to the industry of reselling.
I hear a lot of folks saying that they are a 6 figure reseller. I always wonder if that is gross or net.
Gross usually is my guess
To me, a full time reseller derives their primary income from reselling AND puts in a minimum 40 hours per week on reselling.
I feel bad for people who quit their jobs because so and so did. They didn’t get a realistic look at what really goes into it.
That’s the point right, lets make sure new players understand the truth about the game.
Your beard and hair look tight!
Thanks, 0 effort, just amazing looking - KIDDING - thank you for the compliment.
It is probably unfair (and for sure none of my beeswax), but every time I hear someone call themselves a "full time reseller" the first question that comes to mind is, could you live off your income without a partner who works a conventional job with reliable income, has benefits, health insurance, etc. Yes, you work full time at your reselling job, but if you have a financial cushion and choose to act as if you do not when "sharing your journey" with your followers, that is not helpful. Now this is directed at "influencers" and "content creators." If you don't have a CZcams or other humblebrag social channel and just go about your business making a living even with a partner, good for you. Anyone who has found a passion and turns it into a trade is a hero as that takes courage and persistence. The owners of this channel deserve kudos for keeping it real.
Thank you - kudos taken 😀
Struggling with Definitions: I don’t think you will ever really be able to make such definitions and distinctions. For instance, here are some examples to challenge your thought process a bit.
If I were an employee, who sells for someone else, I am still a full time reseller, because my wage is my full time paycheck and I could have used or have learned the same skills as an owner/reseller. Would my content be less valuable because I work by the hour?
Or, I can work and sell 50 hours a week, which would be full time at many other jobs and still not earn a living wage, especially in the first year or two.
Or be a trust fun baby, who doesn’t have to work at all. They couldn’t call themselves full time, under your definition, because of the other revenue.
Or, when a full time reseller, who also creates CZcams content, gets to the point where their CZcams income exceeds their eBay sales, stops being a full time Reseller, by your definition?
Or, in my actual case, I am retired with a pension and now resell as a small business. I work at reselling about 40-50 hours a week, but my pension still exceeds my profit from reselling. Under your definition, I can never call myself a full time reseller, because I reap the benefits from a previous career. Most weeks I certainly feel full-time and my back hurts the same lifting and shifting totes and boxes.
In short, I agree with you about honesty and disclosure, but think your making way too much about what others are doing or claiming, especially on CZcams.
Thank you for sharing. Like I said, everyone can be whatever they want to be, but novice sellers will pay the price of being mislead.
@@hustlinhooks Yes, it's one of the issues of Public Forums and CZcams is one of those unregulated Public Forums. But as a forum, I think provides more good then bad, but everyone has to watch out for claims that just aren't accurate or Click Bait topics designed to draw attention and exist just to increase the Content Creators revenue stream.
Good Topic for Debate, but since the Terms Reseller and Full Time Reseller are too vague you will likely not ever resolve the question. As a job, its much like any other unregulated business. Consider other jobs, like Rancher or Trucker. Does a person have to specifically have cows or sheep to be a Rancher, or how many acres or head of stock are needed to be full time. Does he have to own the stock, or can he lease his land and equipment. Is a guy with 20 acres and 1000 chickens, less a Rancher when they go see their accountant. Does the full time Truck Driver need to own his own rig and drive a semi to be a Trucker, or does a Tow Truck driver, who doesn't own the company qualify too.
Just as youtube content creators are often heard saying there are many ways to play in this reselling business, there are many ways to use the definitions. There are those whose intent is to mislead, but to really mean much, there always has to be a host of caveats, to help with explanations and terms. By the time they're done, they sound like a Sports Announcer reading stats: He is the best, current, left handed pitcher, in the National league, who emigrated from Cuba. OK, great, but how does he compare to all the other ball players.
Then you have the "hype" and exaggerated claims needed to collect viewers. Just look at the way many Content Creators write their video titles. All of that skews reality.
I guess the reality is that as long as CZcams has little regulation, creators can say what they want and it's up to the viewer to use discretion, to decide if the content has value for them.
You discussion reminds me of other jobs that need licensing to do some tasks. I learned to drive a Forklift, in a warehouse in the 1970s back when no one asked if I had attended a class or got an Operator's license. Fast forward to the the late 90s and when I showed up for a new job, was asked (along with about 10 other new hires) if we had ever driven a forklift or had current license. I could say yes to the first part, but no to the second and had to further explain that I did currently have my own forklift sitting at home in my pole barn, 20 years experience, but no license. So I had to sit through a basic operator class to get a piece of paper.
My point is that a further explanation of a definition is often needed and the same is true of folks making claims on CZcams. You have to watch a bit more of their content and hear their definitions and caveats to decide if their claims are accurate or not.
Ever hear the term: Dress for the job you want. Its sort of the same with the term: Full Time Reseller. If you feel like a Full Time Reseller, then you are.
Well said, thank you for sharing your opinion.
@@hustlinhooks You are welcome. I thought it was a great topic for discussion.
Look Adin, there are a vast number of people who work FULL TIME at jobs that don't pay enough to live. You can work PART TIME and make more than enough to live or it can be pocket change. You CAN be full time reseller and still need other streams of income to make it. Reselling success depends heavily on WHERE YOU ARE LOCATED!!!! It's difficult to make 6 figures living in the middle of nowhere. "Full time" in America means you work 35-40 hours a week. How much you make in that time frame is dependent on so factors. So yes, you can be a full time reseller and not make much $$ on the selling but make content about it and that pick up the slack! You should worry less about what others label themselves.
I’m not worried about what people label themselves, I made that clear. Thanks for sharing your thoughts.
I think it’s like anything you watch…be aware of the content and the facts. For me, it’s pretty easy to spot bs. Just sayin’. 🙂 Like your haircut!
Thank you
Put a name on it
Steven
I agree with your thoughts on full-timers. Transparency seems to be elusive and after traction is gained on CZcams, those that shared a lot of the daily details no longer share their numbers
For sure, it’s a fine balance.
What!!!. What I Sell is not what I get to Keep???.
Thanks a lot.
🤣
It’s mind blowing 😅
Professional Full Time Reseller Definition: Since I have some time today and think this is a great topic for debate, thought I'd get into it a bit more. I've followed your channel and your business growth for some time and even though I haven't always agreed with your info, comments and business choices, I respect your opinions and that you open yourself up, when you put your thoughts out on CZcams.
I thought I might be fun, to do a bit of head to head comparison, as I give thought to what is or isn't a Full Time Professional Reseller. For your side of the comparison, I will use info gleaned from your channel as a viewer and from some general conclusions. For my side of the comparison, I will have to mix in current and past events, since we have now downsized and moved to our Lake House. I still resell, but not at the level I used to (but do still consider myself both Full Time and Professional.
From you video today, I assume you consider yourself to run a Full Time, Professional Resale business and want to be considered as such, by the community. For myself, now in my mid 60s, I gave up worrying about what folks think, how they label me and the comments they make a long, long time ago and generally consider what I think about myself (and what my wife thinks) as truly important.
OK. So you have achieved the level where you are a Full Time Professional. You have:
- Business License of some sort and pay your business taxes.
- Staff/Employees
- Rent/Lease your building, equipment, etc.
- Selling is your primary income
- You have an On-line Presence, eBay stores and a CZcams channel.
- Work at it a "Full Time" number of Hours each week.
- Have gross sales of "XXXX" dollars.
- Make purchase in bulk
- Likely have business bank accounts and maybe lines of credit, use a spreadsheet and may have an account do your taxes.
And most importantly, you see yourself as a Full Time Professional Reseller, with a Professional Attitude toward your business model.
So, if we removed some of these achievements, would you still be a Full Time or a Professional Reseller?
Let's look at that question some more and I will offer a similar list for my own business to make this interesting. But, before I do my list, do you consider Mel a full time professional, she she works from home and is a prime caregiver to the child? Does she consider herself Full Time? When do your consider yourself as going full time? When you gave up other income? Back when you ran the business from home, were you a Full Time Professional? I bring these questions up, simply to show that different views can co-exist for the same set of weighted considerations on this topic.
Some Needed Backstory: I retired for the first time in the late 1990s, with an income that would be enough to live on, in the rural area we chose to live in . My wife was not ready to retire, so she worked in town 5 days a week at an office job. My (our) first task, once we returned to the US (from 3 years in Italy and 4 in Japan) was to build a Log House and Large Barn workshop on some property in Washington state that we already owned.
For our projects, I was going to need a lot of tools and materials. So, I set about looking for sources, with an eye toward value and in the process found a business opportunity in re-selling. That business is still running today, though time, technology and the limitations from aging have morphed the original business vision we had back then.
Now, remember 1997 pre-dated PayPal, Craig's List and Facebook, so I primarily engaged in Direct Sales, taking items to Consignment Shops and sending Items/Lots to Brick and Mortar Auction Houses. As time passed, the percentage of my sales shifted on-line, but much of product was still too large for platforms like eBay. Hard to sell Sawmill lumber, tractor implements and used table saws on eBay (still is).
About 16-18 years ago, we started buying delinquent storage units and entire estates (before the TV shows) to improve sourcing. By then, we lived on a different property, with larger barns (my main storage barn was 2600 sq ft). About 10 years ago, as we aged, we began to use eBay more and more and began selecting smaller physical items to sell. Now we live in a much smaller house, with much less storage space and have "semi-retired" and downsized to "the Lake Property".
OK. So I believe I achieved the level where I could call myself a Full Time Professional. I had:
- Business License of some sort and pay business taxes.
- Never had employees. Did use friends and family. Hired professionals, like Auctioneers, as needed.
- Rented extra storage space, as needed. Primarily used my own property and buildings. Owned the buildings outright. Worked from home.
- Owned my own equipment: Forklifts, Skid Steer, Sawmill, Boom Truck, 4 Enclosed and 2 Flatbed Trailers (at my peak)
- Selling was still not my primary income. My retirement pension was our single largest, but we had multiple income streams. Also had my wife's income and my income from part time work, outside the business. Reselling did not exceed our income from working outside our business. Now we have our Social Security income, but do not work outside the home at full or part time external jobs.
- I do NOT have an On-line Presence like you, (but do sell a bit on CL and Facebook). I now have 3 eBay stores.
- Work at it a "Full Time" number of Hours each week, when I want to.
- Have gross sales of "XXXX" dollars.
- Make purchases in bulk (not like I used to, when I bought entire estates and several storage units each month)
- Have a business bank account now and lines of credit. My wife does our taxes.
- Use eBay, Craig's List and Facebook almost exclusively for sales now. Still use an on-line auction house nearby for large and bulk items.
So, was I then and am I now still, a Full Time Professional Reseller? It's all open to interpretation. We all go about this differetnly. Try not to get too wrapped up in labels!
So if I work 60-70 hours per week reselling but account for less than 50% of my household income, I'm not a full-time reseller yet? Uh oh...
It’s up to you what you want to describe it as, obviously. 👍🏼
@@hustlinhooks Overtime reseller it is... I declare myself an "overtime reseller".
But if I work 70 hours per week and earn less than someone who makes more $ than me as a full-time 40 hrs/wk. reseller, can I truly be considered a legitimate overtime reseller?
I would worry less about the title and worry more about how much you are making per hour and if doing something else for more may be a better move or figuring out how to make more money reselling with less time.
Refer to me as Posh Boss
#poshbabe
When a person has 12 other income streams, they are not a full time reseller. When a person makes more money from selling courses, memberships, patreon, ebooks, courses, they are not a full time reseller. They are a content creator selling content and the subject just happens to be reselling. They could just as well be selling crypto courses, but that doesn't make them financial advisors. Very difficult for a new reseller to know what to believe and to differentiate between a "guru" and a reseller. I look at their channel info. If it is peddling stuff to buy from them (excluding some affiliate links), I ask myself are they really reselling or just trying to get me to pay for information that is free. I prefer to watch the sourcing videos and then see the products actually listed in their stores and actually sell. But everyone learns something different from everyone. Just hate to see someone blindly following someone they think makes all their money from sourcing and selling products. Or they do resell full time, but don't tell you that they have 3 employees, a lister, a shipper, a picker, a huge warehouse etc etc. And then people think they can duplicate that on their own.
How can you guide audiences in the right direction. By being completely honest and transparent. Simple as that. If 30% of your income comes from reselling, then admit it.
Well said, thank you for sharing your thoughts!
You seem too focused on what others are doing. Let it go.
Most of the resellers that I’ve seen look like they live in their mom’s basement.. 😂 It’s not like being called a full time reseller is a prestigious title so I don’t get why people would not tell it like it is. 😂😂
👍🏼👍🏼