I Made 50,000$ Off Reselling — Transcript

Full transcript

1. 0:00I made $50,000 reselling on Facebook
2. 0:02Marketplace and OfferUp. I have a lot of
3. 0:04things I want to go over in this video,
4. 0:06keep it very simple and not yap too
5. 0:08much. Before I even get into the video,
6. 0:10I'm going to show you guys proof. I'm
7. 0:11going to show you guys my inventory,
8. 0:13cash that I had laying around. By the
9. 0:15way, I'm not trying to flex. I'm always
10. 0:17humbled. I just took these pictures to
11. 0:18honestly motivate myself. But yeah, and
12. 0:21I'm going to kind of go over how I did
13. 0:22it and more so how you can. All right,
14. 0:24so first of all, let's get one thing
15. 0:26clear. Most people on YouTube that are
16. 0:28talking about reselling are not really
17. 0:30trying to help you guys and they're just
18. 0:32trying to sell you a course, aka their
19. 0:35vendor. I'm going to give you guys the
20. 0:36sauce for free right now. Literally,
21. 0:38these people are charging you guys $20
22. 0:40to $50 just for this info. But most
23. 0:42products that you're planning on selling
24. 0:45are on DHGate and Alibaba. That's where
25. 0:47their vendors are. Now, I have my own
26. 0:50personal vendors and it took a lot of
27. 0:51money and trial and error to find the
28. 0:53best one. You just really got to test
29. 0:55every other vendor out, see the reviews,
30. 0:57and QC check them, which I'm going to
31. 0:59talk about later in the video. So, don't
32. 1:01spend money on vendors or courses. I
33. 1:03literally just gave you the sauce that
34. 1:05these TikTok and Instagram kids are
35. 1:07trying to sell you. So, just go on
36. 1:09DHGate and go on Alibaba, do your own
37. 1:11research, and I promise it'll save you
38. 1:13money. I'd rather you guys spend $50 on
39. 1:16a booth product than to spend $50 just
40. 1:18to find out it's on DHGate. So, QC
41. 1:21check. Let's say you find a vendor that
42. 1:22you actually sort of trust and his
43. 1:24reviews look good. You're going to want
44. 1:26to contact him and ask for quality
45. 1:28checks. Now, sometimes they can fake you
46. 1:31out, but what I recommend doing is
47. 1:32asking them to do a quality check and
48. 1:34also include their business card in that
49. 1:36video. I have a couple things written
50. 1:38down on my notes that I want to talk
51. 1:39about and these things truly helped me
52. 1:42scale my business up. It took me a
53. 1:44while. I've been reselling for 2 and 1/2
54. 1:46years. It took time for me to profit,
55. 1:48but once I truly learned how to start
56. 1:50scaling up, I was doing amazing before
57. 1:53Facebook and OfferUp started banning
58. 1:56reselling. And that's actually one of
59. 1:57the reasons why I'm making this video is
60. 2:00because meta aka Facebook is really
61. 2:02cracking down on this. Now I'm not
62. 2:03trying to like demotivate you guys. I'm
63. 2:05being honest and real. Even if you blur
64. 2:07out your photos or you know, scribble
65. 2:10out certain wordings, they could still
66. 2:12report and flag your page and take it
67. 2:14down pretty quick. You guys wouldn't
68. 2:16even be hearing from me if meta wasn't
69. 2:18doing that. Trust me. Like I've been
70. 2:20staying low key and that's one of the
71. 2:21reasons why I don't need to sell a
72. 2:23course is because it was doing so good.
73. 2:26I didn't want everybody knowing about
74. 2:27this. I didn't want to oversaturate the
75. 2:29market and that's pretty much what these
76. 2:31kids have been doing. And after what I
77. 2:33have written down on my notes is price
78. 2:35comp because of saturation. That's
79. 2:37actually funny cuz we're just talking
80. 2:38about saturation. Back then 2 years ago,
81. 2:41I was able to sell my inventory for 300
82. 2:44to 350 a pop for each item. Those same
83. 2:46items I'm selling now are usually
84. 2:48selling for 200 to 180, which is
85. 2:51insanely low. There's so much
86. 2:53competition because of the saturation
87. 2:55that was caused by other social media
88. 2:57people, which like I said, I don't hate,
89. 2:59but it gives competition within the
90. 3:01market and everyone starts cutting their
91. 3:03prices down. And that's also going to be
92. 3:05a hard thing you have to deal with when
93. 3:07you're first starting off, especially
94. 3:09with no reviews. All right. Here's
95. 3:10another thing a lot of people don't talk
96. 3:12about on YouTube, but the risk of
97. 3:14meeting weirdos. I've met a lot of good
98. 3:17people doing this and I have a lot of
99. 3:18good clientele, especially in the rich
100. 3:20area, but I've also met a lot of strange
101. 3:23people such as sketchy people, ghetto
102. 3:25people and just all round unpredictable
103. 3:28people. Cuz I've met clients that
104. 3:30actually try to set you up, rob you or
105. 3:33even just make you drive super far for
106. 3:36no reason to kind of play with your time
107. 3:38and money. Most of the time it's
108. 3:39actually other resellers just messing
109. 3:40with you, but sometimes it's weirdos
110. 3:42that actually want to rob you or just
111. 3:45ask dumb questions. Like bro, you know
112. 3:48this watch I'm selling is $280,000 in
113. 3:51real life. Why do you think I would be
114. 3:52selling this for 265 on Facebook? Like
115. 3:55it doesn't make any sense. So, these are
116. 3:58the important tips right here cuz I kind
117. 3:59of already gave you guys the sauce on
118. 4:01where to buy your stuff, but now we're
119. 4:03going to get a little juicy on how to
120. 4:04actually run your business and how to
121. 4:06scale up and what to expect. This is
122. 4:08what helped me the most. You want to
123. 4:10market yourself better than others, and
124. 4:12what I mean by that is setting up your
125. 4:15profile and making it look as
126. 4:16professional and taking good pictures is
127. 4:18the most most most important thing you
128. 4:22can do. Like I genuinely mean it. The
129. 4:25first thing your clients and consumers
130. 4:27will see on Facebook Marketplace or
131. 4:29OfferUp is the picture. Now, this is
132. 4:31where most people fail. They don't put
133. 4:33the extra mile to take good pictures
134. 4:35with good lighting, which causes clients
135. 4:37and consumers to not click on their
136. 4:39pictures. Now, another thing that is
137. 4:40super overlooked that nobody really
138. 4:43talks about is overlooking how your
139. 4:45profile looks. What I'm telling you, you
140. 4:47have to keep it professional, I
141. 4:49genuinely mean it. Do not have your
142. 4:51profile picture with you set up doing a
143. 4:53money spread. It's hard, don't get me
144. 4:55wrong, but bro, but most of your clients
145. 4:57are going to be older gents or maybe
146. 5:00young adults to, you know, young teens.
147. 5:02The last thing you want to do is look
148. 5:03sketchy for your consumers. Another
149. 5:05thing that's overlooked is
150. 5:06communication. I've tested other
151. 5:08resellers by reaching out and see how
152. 5:10they communicate, and these guys are
153. 5:11like straight dumb in the head, like
154. 5:14Patrick dumb. Actually, Patrick's
155. 5:16probably smarter than them. Yeah,
156. 5:17communication is very important. Always
157. 5:19make sure you're responding pretty
158. 5:21quickly. Give them information, update
159. 5:24them with locations and different type
160. 5:25of locations. I have two locations I
161. 5:28usually go to. It's either police
162. 5:30station or public park. It's whatever
163. 5:32they're most comfortable with. Some
164. 5:33people like meeting in the park and they
165. 5:35think a police station might be a setup,
166. 5:37totally fine. And others prefer police
167. 5:39station over meeting at a park. So,
168. 5:41making sure your clients feel
169. 5:42comfortable is very important. And like
170. 5:44I said, talk professional. Do not talk
171. 5:47too much in lingo, because mostly it's
172. 5:48old heads buying your stuff. This kind
173. 5:50of goes back to safety. Um, meeting in a
174. 5:54public place is very important. Do not
175. 5:56meet in sketchy areas. Like I said, I'll
176. 5:59have another story time of people who've
177. 6:01tried setting me up and all that. You
178. 6:03got to move tactical, bro. Like
179. 6:05genuinely. Now, this is either you
180. 6:08meeting in the mornings or if you're
181. 6:10meeting at night, you better have
182. 6:12something on you or you better go with
183. 6:13your friend. All right, so now let's
184. 6:15talk about what to do when you have a
185. 6:17good vendor and you feel confident
186. 6:18enough to buy. What I usually recommend
187. 6:20is starting off with $500 to $1,000. The
188. 6:23reason why I recommend this number is
189. 6:24because most of the time vendors will
190. 6:26give you a better discount when you buy
191. 6:27in bulk. So, yeah, I would try not to go
192. 6:29over $1,000 just because you don't know
193. 6:32if the item would really sell and you
194. 6:34don't want to just get stuck with a
195. 6:35whole bunch of inventory, which has
196. 6:37happened to me before. I would say $700
197. 6:40is definitely the sweet spot cuz if you
198. 6:42do start to sell a decent amount, you'll
199. 6:44have enough inventory to keep it going
200. 6:46while you're restocking the future. I'm
201. 6:48going to tell you guys what I did. So, I
202. 6:49started off with $500 at first and then
203. 6:52I sold all that inventory and with the
204. 6:54money and profit I made, I put another
205. 6:57$500 until I sold that and once I knew I
206. 7:00could sell it twice, then I doubled up.
207. 7:01So, after that, I put $1,000 or I think
208. 7:04it was 1,200, but let's just say $1,000.
209. 7:06And then after that, I did the same
210. 7:08thing after I sold it again, put $1,000
211. 7:10and then I kept scaling up and then I
212. 7:12did $3,000. But like I said, if you sell
213. 7:14all your products, I don't recommend
214. 7:16putting all that money you just made to
215. 7:18investing again. So, basically what I'm
216. 7:20trying to say is you always want to have
217. 7:22money to play with. So, yeah, I pretty
218. 7:23much told you guys everything you need
219. 7:25to know. Oh, and this is another thing.
220. 7:26Tell the buyer to give you guys a
221. 7:28rating. You'll be the first to pop up if
222. 7:30you have more ratings and on top of
223. 7:31that, you'll be more trusted. And make
224. 7:33sure you scale correctly. Don't get too
225. 7:35aggressive with it cuz there's been
226. 7:36times where I've made $8,000 in 1 month
227. 7:39and then the next month I made like 2
228. 7:41grand. But yeah, that's pretty much it,
229. 7:43guys. I'm going to do another video on
230. 7:45story times and crazy stories I have.
231. 7:47But yeah, that's pretty much how I made
232. 7:49$50,000. I was scaling up. Like I said,
233. 7:51this took me 2 and 1/2 years to really
234. 7:53get a consistent profitable base. Before
235. 7:56that, I was usually making like 1,200
236. 7:58extra a month while I was working at my
237. 8:00job, maybe 2,000. And then I kind of
238. 8:02just gave up on everything and I started
239. 8:04back up in May-ish. Yeah, back in May,
240. 8:08like June, summertime. And this is when
241. 8:10I was working my other job, which Oh,
242. 8:12yeah, that's also another thing I want
243. 8:14to talk about in another YouTube video,
244. 8:15is taking that risk and quitting your
245. 8:17job to pursue your business. Because I
246. 8:20had to do that and make the decision cuz
247. 8:22I didn't have enough time on my hands to
248. 8:23just run my business and balance that
249. 8:25job that I had. Um but I was pretty much
250. 8:27working at a very high-class job, and I
251. 8:30saw a lot of, you know, financial free
252. 8:32people around me. And it really
253. 8:33motivated me, honestly. So, during that
254. 8:36time I scaled really aggressive cuz
255. 8:37before I was only spending like $1,200
256. 8:40on each bulk. During these times, I was
257. 8:42spending like four grand on each bulk.
258. 8:43And I took that risk, and that risk made
259. 8:46me a crap load of money. But yeah, guys,
260. 8:48that's pretty much it.