what's up guys welcome to daily refinement today's we're gonna go over the six killers of every single ebay store everyone has the same six killers so let's get straight into the content if you guys have never been here before i have two stores i have reseller nirvana which i just started this store i should make a hundred thousand dollars profit part-time and then i have a bigger store daily refinement where i am the owner operator so i work in this store and i have two people working for me and my goal is to make 350 000 per year in this store there's actually three models i think that i could do myself now this is different for everyone but i could do this part time as i'm doing with the restar nirvana store i could go full time with no employees and then i could do what i'm doing right now which is 150 items every day with two people helping me now these models are a lot different but the same six killers are in all the different models number one revenue goes down as competition gets more stiff so as i've been doing this the last four years the prices have come down on pretty much everything there's more and more people reselling more and more people are losing their jobs or more and more people don't want to work for the mass they work for themselves so revenue keeps going down so i have here average sale price of 23 bucks from my store that's gone down every single year just because there's more people reselling i don't see that trend stopping so i see as more and more people resell i think that the competition will continue to go down number two shipping goes up twice a year okay so right now my average shipping is like six dollars but i assume that will go all the way up to eight dollars in the next couple of years.
i don't know if it can get really much more than eight dollars i think the government will have to subsidize but eight dollars that really cuts a lot of the profit significantly it's pretty pretty dramatic when first class mail hits eight dollars a lot of resellers won't be able to resell anymore next ebay template fees go up ebay fees always go up they'll continue to go up because ebay has overhead in their company they're for profit and so i imagine that will continue to go up thrift store prices because i saw mainly pre-owned stuff are going to continue to go up wholesale goes up liquidation goes up minimum wage and the cost of living goes up so wherever you're living the rent's going to be more and the mortgage is going to be more you know and so if you hire people that their minimum wage is going to go up and people have a more expensive cost of living so that's continuing to go up and then finally your storage and warehouse costs are going to have to go up yeah this year so far in 2021 i have had three rent increases in the same year in my storage unit and it's pretty common i would say in all the storage units i've ever been and they're raising it at least twice a year and the reason is because people just keep buying more and more and more stuff and they have no place to put it so all the storage units where i live in california are super duper fullers not even even with the rent increases it's still very difficult to get a storage unit it's just there's just a lot of stuff so these six things make it harder and harder to sell so it's interesting to me because there's three different models here.
i could do this part-time where maybe i have a full-time job and i'm making as much money as i can on the side i would consider myself like relatively knowledgeable with clothing i'm not i would not consider myself an expert but i do know a lot when it comes to selling in my particular category so i can make a hundred thousand dollars selling clothing part-time because i already know how to do it and i know where to buy the clothing so that's like those two things could take years to develop if you know what to sell and where to find it and how to sell that item you're probably going to be making a very very high per hour then the part-time store i'm making between 75 and 150 dollars per hour if i did that full time it would change a little bit okay because full-time and part-time if i was doing this by myself i would do it at home so i would have no rent cost and the wages i put here at five thousand dollars would just be to myself i think it's important when you get to a certain level to run your your company as a company and you work for your company as an employee and that way it's just easier you get some tax savings i'm not a cpa but talk to a tax accountant um and go over um you know the benefits of starting a corporation but i think you should just pay yourself five thousand dollars per month that's a reasonable wage so full time and part time i would do it at home so there's no rental cost if you're doing it as an owner operator with employees usually you do it off-site so i'm paying twenty four hundred dollars for rent night right now i'm in california and other places um it might not cost that much i've got a really good deal. making more money with any of these tiers we will happily refund you because the purpose of this group is to help you guys make more money save more time i definitely recommend that you buy the annual version because you save 16 percent and it's going to take a while for you to get good at reselling at this point from talking to literally thousands of resellers i kind of have an idea of how to do this at a high level but that's a lot different than doing it at a high level i've tried to match my colleague tekken sports he's he was at 250 a day i tried that for a couple of days and everything that i do exploded so i i can't operate at that level 150 is pretty much the max i can do with two people and then by myself you can see how crazy this is with by myself i can do 80. with myself and two other people i can only do 150 because it takes time and resources for me to manage them so you would think i would triple up right which is what i thought i had myself in two people and i was trying to run a 240 but it doesn't work that way because we're all working full time and there's more everything more customer service more shipping and i actually i couldn't even do it i was trying to do it but one day i had like 300 or 202 i had 200 sales one day and then like the next day it took the entire day to ship and put everything back and i didn't have any time left to do any of the other stuff so it is a lot more complicated to run more people and you just make a little bit more each time you add somebody but i think you're going to need that in the future as um it becomes more difficult so if you want to do this for a living i think we're one of the only groups online where people are in the group actually doing it for a living there's plenty of people out there to talk about um just finding stuff at garage sales.