The Decline of eBay: Why Resellers Are Looking Elsewhere for Profit!

Pure Hustle Podcast

Entrepreneurship, Business, Business:entrepreneurship

4.8 • 824 Ratings

🗓️ 27 March 2024

⏱️ 72 minutes

🔗️ Recording | iTunes | RSS

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Summary

Use our code to sign up for Vendoo and receive 25% off the first month. https://vendoo.co/register?via=purehustlepodcast-mentionCODE: PUREHUSTLE In Episode 391, we tackle the big question: Is eBay the only way? Join us as we dissect the strengths and weaknesses of eBay, the largest secondary marketplace. Despite boasting 135 million buyers, eBay's slow pace in adopting innovations and the competitive landscape pose challenges for sellers. We'll explore eBay's international program, data insights through Terapeak, and seller protections that continue to make it a strong platform. However, the reselling landscape is vast, and alternatives like Whatnot, Poshmark, Mercari, and Amazon offer niche opportunities for resellers to thrive. From the quick setup of Whatnot to the specific market focuses of Poshmark and Mercari, we delve into how these platforms cater to different seller needs. Hear from our 'Hustle of the Week' contributors who've found success beyond eBay, with incredible finds like an Arnys Corduroy Jacket, a Foohy Fooz Lava Lamp Pencil Sharpener, and a Wolf built-in steamer. As the reselling market continues to evolve, we discuss the significance of local marketplaces like Facebook and OfferUp and how they fit into a reseller's strategy. Whether you're an eBay loyalist or looking to expand your selling channels, this episode is packed with insights, tips, and inspiring success stories to help you navigate the diverse world of online reselling." 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	Hey, everyone. Thank you for tuning in to Pure Hustle Podcast.
0:03.0	Yes, thank you so much. We do have a request though before we get started.
0:06.4	If you have found our content to be entertaining or helpful, would you consider leaving
0:10.8	us a review on iTunes? Those five-star reviews really help to make sure that our content
0:15.0	gets out there and that our show continues to grow.
0:17.0	Enjoy the show. grow.
0:26.9	Welcome to Piersal podcast. I'm Mike.
0:31.4	And this is Orlando and we're in episode 391.
0:34.8	It's 391. That's, it's crazy.
0:54.6	It is. I'm still in shock. I just think about how many recording hours we have spent putting together this podcast. And then I think about the people that are like, hey, by the way, I'm catching up to your podcast. I'm on episode like 247. I'm like, wow. Oh, man. You got a wild ride ahead of you still, man. There's a lot.
0:55.4	There's a lot coming.
0:56.1	You just wait.
0:59.8	You thought you knew what was going on with Pure Russell podcast back in the first couple hundred episodes, man.
1:01.5	Once you start approaching 400, things get wild.
1:04.3	I'm not sure when the whole Black Swan event was in there.
1:07.6	But, man, it's a reselling has definitely changed. You know, can you imagine
1:12.0	like going back now and like listening to like how naive we'd sound about certain things?
1:15.8	And all of a sudden we're like, hey, one of our guests in in some hand sanitizer.
1:20.5	Yeah. No, no, no. I know. I know. I know. I one day, I mean, I don't know if I'll listen
1:25.6	through it all, but it'd be interesting because, yeah, these conversations, like, we never would have thought we'd, one day, we would talk about the idea that I'd be traveling across country to buy stuff to, like, hair clippers.
1:38.6	That hair clippers would be a bolo, right? Or, or like, you know, kids, peloton bikes would be a bolo or whatever it is and that
1:45.9	hands sanitizer we had to reach out to the reselling community because I couldn't find any
	...

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