Facing Reselling Hardships: From Burnout to Financial Losses!

Pure Hustle Podcast

Entrepreneurship, Business, Business:entrepreneurship

4.8 • 824 Ratings

🗓️ 1 May 2024

⏱️ 61 minutes

🔗️ Recording | iTunes | RSS

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Summary

Episode 396 takes a hard look at the realities of reselling, from the inevitability of burnout to the challenges of maintaining profitability. Join Mike and Orlando as they share their latest experiences and insights, navigating through a series of reselling hurdles that many face in the industry. 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

Transcript

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0:00.0	Welcome to Pearsal podcast. I'm Mike.
0:09.4	And this is Orlando in Warren episode 396 an update episode.
0:15.7	Yeah, we love our update episodes because this is where we get a chance to talk about the things that are going on in our
0:20.8	life in regards to reselling, what's going on in the reselling world in general, and then we get
0:26.0	to give you those spicy bolos, the things that you should be on the lookout for when you're at
0:30.0	garage sales, thrift stores, estate sales, all the places that you're sourcing so that you can get
0:35.2	top dollar on eBay. So check out, stay all the way
0:38.6	to the end of the episode. It's going to be full of a lot of great information. So Orlando,
0:42.5	how are things going for you? Well, I'm going to share all of this with a smile. But if you're
0:48.9	listening to the podcast, I am smiling. So hopefully you can hear my smile through the through your headphones uh but it's been
0:54.6	brutal it's been brutal i you know we just did i don't know if it's like it was intended to have
1:00.3	intended to be that we did a burnout episode last week like how to avoid burnout and now i'm burnt
1:06.1	out like i don't even know and i know when i put together that episode, I was thinking about, like,
1:11.5	I'm kind of here, like, I'm trying to avoid it. But I got to tell you, it's, it's tough when
1:15.6	you're putting it in the work, you're sourcing, your listing, and then you don't see the results.
1:20.4	And then what ended up happening is I kind of just got tired of it. I was just like, I'm so done listening. Like, why do I have to be answering to the eBay taskmaster like every day?
1:30.2	Why do I have to list every day?
1:31.4	I just kind of get tired of it.
1:32.5	Now, that was a perfect storm because as you caught our live that we previously dropped,
1:37.9	I went to an eBay ads event and I was told that my no cap dynamic ad rate was just crazy. That I shouldn't be doing that. I'm losing money.
1:47.4	And so I was like, all right, I'll shift it. I'll change it to 5% cap and no more dynamic ad rate.
1:52.3	And instantly my sales slowed down. Now, I'm not mad about it because I understand that with
	...

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