Deflation in Reselling: Navigating Lower Prices & New Strategies

Pure Hustle Podcast

Entrepreneurship, Business, Business:entrepreneurship

4.8 • 824 Ratings

🗓️ 6 December 2023

⏱️ 59 minutes

🔗️ Recording | iTunes | RSS

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Summary

In Episode 374, we delve into the era of deflation in the reselling world. With prices on eBay for items like video games and antiques going down, and thrift stores becoming competitors, the landscape is changing. We discuss the phenomenon of Whatnot, the trendiness of reselling, and how to source differently in this new market environment. Plus, don’t miss our 'Hustle of the Week' stories, featuring some incredible finds and sales. Learn how to run aggressive sales, manage hidden costs, and prepare for slow times, all in the face of deflation. Join the Discord and Partner with us via Patreon:https://www.patreon.com/purehustlepodcast Sign Up with MY RESLLER GENIE with 15% off your first month for the best bookkeeping geared for resellers by using the link below and USE OUR CODE “PUREHUSTLE” all in caps: https://www.myresellergenie.com/?ref=purehustle Get a free $15 on Whatnot by using the link below: https://whatnot.com/invite/purehustlepodcast Get that Skullshaver using the link below and our code "Hustle": https://skullshaver.com/discount/Hustle?rfsn=6980222.2cfe107&utm_source=refersion&utm_medium=affiliate&utm_campaign=6980222.2cfe107 Purchase bubble wrap from the best deal available ANYWHERE: https://www.americanbubbleboy.com?sca_ref=650095.KTEipe5MI4&sca_source=YouTube Sign Up for listing services with Sellhound and receive 25% your first purchase or 25% off your first month of a Sellhound monthly subscription when using our affiliate link and promo code PUREHUSTLE25. By the way, everyone gets three free listings to try out before any purchases! Just go to Sellhound.com and subscribe using our promo code PUREHUSTLE25. Sign Up for Crossposting with Vendoo and receive 25% off your first month when using our affiliate link. In order to receive the discount, subscription must be purchased from the same device used to create the account: https://vendoo.co/register?via=purehustlepodcast Purchase PHP Shirts:https://www.ebay.com/itm/392367249736 Donation link:https://www.paypal.me/purehustlepodcast?locale.x=en_US Below is a link to all the shipping supplies we buy through Amazon: https://www.amazon.com/shop/purehustlepodcast Bellow is a link to shipping supplies that we use: https://docs.google.com/document/d/1bR2h1PrrljhI5GKeQYWG6ubLOfkqSt0gLFmSxPm52nA/edit?usp=sharing Instagram - @purehustlepodcast Twitter - @purehustlecast Facebook - purehustlepodcast Youtube - Pure Hustle Podcast - www.youtube.com/channel/UCuEJMAB8GdoaPK7eLkKmAiQ

Transcript

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0:00.0	Hey, everyone. Thank you for tuning in to Pure Hustle Podcast. Yes, thank you so much.
0:04.2	We do have a request, though, before we get started, if you have found our content to be
0:08.2	entertaining or helpful, would you consider leaving us a review on iTunes? Those five-star
0:12.9	reviews really help to make sure that our content gets out there and that our show continues
0:16.5	to grow. Enjoy the show.
0:26.5	Welcome to Peer Hustle Podcast. I'm Mike.
0:30.0	And this is Rolanda in Warren, episode 374.
0:32.2	And this is a theme that episode.
0:33.5	That's right.
0:42.4	And if you have been following for a long time, you kind of know the structure of Peer H peer hustle podcast, how we do things. So basically every other week, we have a different format. So one week we do update episodes. We talk about what's going on in our life reselling related, what's
0:46.7	going on in the reselling world at large. And then the following week, we do a themed episode. So we'll
0:51.4	talk about specifically one concept, one idea, whether it's
0:54.3	shipping or negotiating or, you know, sourcing a new niche. And today we're going to be talking
1:00.2	about something that's kind of interesting. And that is this weird thing that's going on where we're
1:06.3	seeing prices are going up on a lot of things. But when it comes to what we're able to sell on eBay,
1:14.4	for the most part, a lot of us resellers are experiencing that prices are actually coming
1:18.4	down, right? So we're struggling, we're seeing a, what seems to be almost like a deflation
1:23.8	happening and what we can sell and the value of the items that we're selling on eBay.
1:28.2	Now, of course, without overqualifying everything, everybody's experience is going to be different.
1:32.8	If you're selling like, you know, certain, there could be a niche that you're in that is a needs
1:37.6	based niche and your prices could be skyrocketing right now and your sales could be better than
1:41.7	ever. But by and large, the most of the
	...

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