Check out how the best tips from the Vendoo community for new resellers! They share their insights on everything from sourcing and pricing to marketing and shipping. So, let's dive in and discover the secrets to becoming a top-notch reseller!
Starting Small
- Tip 1: “Start in your own closet/house first.” —@bryconsigns. Begin with what you have. Start selling items from your closet or home on platforms like Facebook Marketplace. This is how you start learning and growing before purchasing to resell.
- Tip 2: Reinvest your earnings. Use the profits from your initial sales to purchase more inventory and increase your profit margins.
Time Management
- Tip 1: “TIME = MONEY” - @erynnthereseller. She said it; time is money. Be mindful of how you spend your time because even small, tedious tasks add up, and look for ways to streamline your processes.
- Tip 2: Invest in tools. Utilize tools like Vendoo to automate listing and selling on multiple marketplaces, saving you time and effort.
Inventory Management
- Tip 1: “Don’t let the inventory pile up. List consistently.” - @lalalivingfree.
- Avoid the "death pile" at all costs. Don't let inventory accumulate. The faster you list your items, the faster you'll generate sales.
- Tip 2: Focus on your strengths. If you're not skilled at repairs or alterations, consider selling items that require minimal effort. “Unless you really really love sewing, mending, repairing, cleaning… Then pass on those items. As you get busier, your time will be less and less… And in no time, all those items that require attention mount up into the pre-death pile.” - @sidehustle_chick
Learning from Mistakes
- Tip 1: Embrace mistakes. Everyone makes mistakes when starting a business. Learn from your experiences and continue to improve. “Don’t let the fact that you are going to do some things wrong stop you from trying. Learn from your mistakes and keep evolving.” - @_jens_addiction
- Tip 2: “Just get started. Quit overthinking it, and your experiences will be the biggest lessons.” - @the.merchants_. Just get started. The best way to learn is by doing.
Getting Started
- Tip 1: Take the first step. Don't wait for the perfect time. Start by listing one item for sale. “Just get started. Quit overthinking it, and your experiences will be the biggest lessons.” - @the.merchants_
- Tip 2: Don't be afraid to ask for help. Reach out to other resellers or online communities for support and advice.
Sourcing and Selling
- Tip 1: Sell what you know. Focus on items that you're knowledgeable about to identify valuable deals. “Sell things you’re knowledgeable about. If you play golf, resell golf equipment. If you’re a chef, sell kitchen items. Stay in your lane.” - @get_dizzy
- Tip 2: Research before buying. Use tools like eBay to check sell-through rates and comparable prices. “Check the sell-through rate!!! Don’t buy stuff that’s just gonna sit forever!” - @happy.picker
- Tip 3: Network and promote your business. Let people know what you do and build relationships with potential customers and suppliers. “Tell everyone what you do! It may lead to opportunities!” - @rivervistaresale
Mental Health and Work-Life Balance
- Tip 1: Take regular breaks. Reselling can be a solitary endeavor. Prioritize self-care and maintain a healthy work-life balance. “Don’t forget to take regular breaks. Reselling is a very solo journey. Your family and friends may not totally understand, but as long as you understand what you are trying to achieve and the sales you’re making, that’s the main thing.” - @sidehustle_chick
- Tip 2: Don't compare yourself to others. Focus on your own progress and avoid getting caught up in social media comparisons. “Stop listening to all the noise on social media about what you should/shouldn’t be doing and do what works best for you before you start taking advice from others.” - @millennial.mouse
Additional Tips
- Tip 1: Crosslist on multiple platforms. Vendoo allows you to list your inventory on up to 11 marketplaces, increasing your chances of sales. “Crosslist on as many platforms as you can!” - @sidehustle_chick
- Tip 2: Be selective. Only purchase items that you believe will sell and have a good return on investment. “If it’s a maybe, it’s a no. I have bags of donations because I was like, “I might as well,” or “it’s only x dollars.” - @rabbitroadvtg
Ready to start reselling? Check out Vendoo and see how our resellers thrive!
