Is Buying Too Much A Problem?
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- čas přidán 16. 02. 2024
- I spent way too much last week. This week, we are coming up with a plan to figure out how to maximize the sales to keep up with all the spending we've been doing. Let's dive in!
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It might be if you keep adding stuff to the personal collection lol
I would think the pallet deal was a great thing for your business model a few years ago. Now, you've leveled up. If the cash is there, spending more $ on collections and saving more time on processing is the way to go. You can fit in more collections in the time it takes to process controllers and headsets.
Wise words! Time should be invested and not just spent, in business and in all things!
Honestly even not having a resale business, I've enjoyed this channel and the back end far more than the regular channel. Keep the work up and keep the videos coming!
I think you folks become very relatable on this channel. Keep that hustle boys I’m cheering for you.
Love both of your channels . You guys have become appointment viewing for me . I get excited when I see a new video go up , especially if it’s a long video. Loved the one the other day that was around an hour and a half . I no longer watch regular tv and when I see a video that has some meat on it I really enjoy it . Keep up the good work guys .
I applaud you for putting your faith first and for testifying about it in your videos from time to time.
I think you need a mix of garage sale and collections. Paying collections fraction of Price Charting is paying more than Garage sales, Thrift Store, Flea Markets, etc but you may not always get games or items you want to sell in those areas so having a stead flow of the collections will make the smaller profit but a steady income. I don't think questionable pallets are ideal due to labor hours put into testing, cleaning, unboxing, and everything else not to mention having some of the merchandise be thrown away or recycled so at a negative on them.
Whatever you guys choose to do, as long as you continue to be wholesome and upfront with your fans and customers, you’ll always have success. Many of us could get deals elsewhere on games and such, but we choose CATRP because you are the people you show us on screen. That, in my opinion, is the driving force of your business. Keep being awesome!
Amen brothers.
Thanks for the awesome content and sharing the thought process! Love the faith, then family, and then business mentality!! God bless Chase and team!!!
Love these types of videos! Much love from Canada here - I have been buying so much for my own business and have just started investing time to move all the product! Good deals are impossible to pass up on!
Have a couple of mad weeks with paid overtime focusing on any old items or employ a new member of staff to purely focus on older items knocking about.
I think you need to do a mix of models however I’d suggest hiring a business consultant to review your business and then provide you with the best route to go down. Or get in touch with even bigger sellers and pay them to review your business model and make recommendations on how to potentially better organise your space (you’re currently wasting a lot of height). Especially if you want to grow the business by another 50%, a bit of investment into the business model as well as any training/automation that can be done for you and the boys.
Do both, but generally you want to “Pile it high, sell it low” ie, lots of stock turn over, lower profits. Collections make most sense there.
Hi guys. First of all thank you for all the business content you make here. One idea, for your business is to create your own online way of selling. Not a webpage, more like a portal for buy/sell videogames. You will save the porcentage that ebay/amazon etc. takes. I think that with the ammount of followers you have it will be a great investment to have for the mid-long term.
Already loved you guys from Whatnot. Love you more since hearing you prioritize faith and family. Wish my wife didn’t make me delete WN so I could buy more from you 😂😂😂😂
I wonder if this spring you guys will decide that garage sales are too slow of a method for your business. This winter you guys have seemed to get a major increase of collection buys. Between cheap loads of inventory through pallets and $15k collection delivered to your door, I can’t see how garage sales would be worth your time. Now I know it’s a huge hobby of yours and how you started all this, but I don’t see how one item or one small bundle here and there will feel worth it! But that is a part of your success.
The other unsaid issue is that garage sales make better content than collections. But I say make that $$$$
The risk on these large buys is also much higher than the low risk sourcing (thrift & yard sales). You'll be targeted more and more by scammers, such as some of the fake pokemon stuff you've received recently. I can practically sense the stress/anxiety coming off the screen sometimes. Just remember this ain't wall street - you don't have to constantly be in growth. Repeatable business is fine. Take a breath and enjoy your success occasionally.