Shopping Goodwill Outlet: How to Make Thousands of Dollars

Goodwill outlet stores are not the same as you Goodwill Retail stores because at the outlets you will dig through bins and pay a flat rate per pound.  For instance here in Denver, CO when I go to the outlet store I will pay .99/per pound.

Below is a video by Casey the Rockstar Flipper and he is going to go over the basics you need to know in order to make thousands of dollars shopping at Goodwill Outlet to resale on eBay. I have personally used his techniques and they work amazing.  I always believe that if you want to learn how to do something then learn it from someone who is really successful at it.  Rockstar Flipper does over 6 figures a year in sales, and drives an i8 BMW, all from his eBay business.

 

Goodwill Outlet Tip #1 – Know the hours and get there early

You want to get to the Goodwill Outlet store as soon as the open the doors for 2 reasons:
1. The shopping carts go fast, and you want a shopping cart because your goal should be to fill it to the top.

  1. In most cases they start rotating bins as soon as they open. The more bins that get rotated the more potential money you have to make. Also, the first bins typically have some of the best stuff in them.

Goodwill Outlet Tip #2 – Be aggressive

Shopping in the bins is a lot like Black Friday because you have a lot of people there looking for those diamonds in the rough.  You need to be prepared to dig fast, stand your ground and don’t let people push you around.

Goodwill Outlet Tip #3 – Make sure you dig to the bottom of every bin

So many people in the bin store skim the top and miss out on amazing items that are buried under a ton of crap.  Treat this like and job and work hard, and that includes digging all the way through the bin.

Goodwill Outlet Tip #4 – Make sure you wear gloves

This is so important because a lot of the stuff is nasty, sometimes you will have broken glass, or sharp pieces of metal and you want to protect yourself from getting cut.  You don’t have to have gloves for clothes, but for sure if you are going to dig in the regular houseware bins and electronics.

Goodwill Outlet Tip #5 – If you see something you want grab it immediately

If you see something that you think might have value but you’re not sure grab it, put it in your cart and go back to it later to check its value.  If you don’t someone else will grab it and you will be SOL.

Goodwill Outlet Tip #6 – Make Friends

Build relationships with the employees and the other people that shop regularly.   The employees are a great source because they can let you know when the next set of bins are coming out, and  give you a discounted price on heavy items.  Regulars are great because many of them will tell you and show the items that are making them money and give you tips.

Goodwill Outlet Tip #7 – Make Friends with the Managers

These guys can give you deals on buying in bulk and discount pricing on those heavy items like blueray players and stereos.  Also, they can give you updates on the things that are coming up like specials or discount days.

Goodwill Outlet Tip #8 – Stay to the end

If possible plan to stay to the very end and go through as many bins as possible because you can find good items all the way to the end.  Also, a lot of people leave early, so you have less competition toward the end of the day.

Goodwill Outlet Tip #9 – Learn how to weigh an item without a scale

You need to be able to tell how much something weighs for 2 reasons:
1. You need to know how much it’s going to cost you
2. You need to be able to calculate how shipping cost will be when you sell the item

Goodwill Outlet Tip #10 – Research every item on eBay before you pay for it.

Basically you want to research each item and make sure it is going to bring in a profit.  Wait till your ready to go, then go over each item to make sure that your are going to make money.

eBay Returns: How to Deal with them like a Pro

I know that an article on eBay Returns is not popular, and most likely made you cringe just by seeing the words on the page.  I know if you are like me and you open your eBay message and see a return it can unleash a mass of emotions at one time such as sadness, anger, fear, shock, etc.  I want to put your mind at ease and show you the best way to deal with eBay returns the right way.

  1. Set your account up for returns, so that you return process is automated
  • Here is a video that walks you through the eBay return process

  • Here is a video that walks you through how to setup for automatic eBay returns
  1. Once you get a return notice eBay will automatically provide the customer with a return label, then they will ship the item to you.
  2. Once the item is returned, issue a refund

Now that is how everything works in a perfect world, but below I will deal with issues where those steps are bypassed or do not apply

  • What if someone opens a case instead of a return:
    • I hate when this happens because it will freeze those funds until the case is closed. Here are some steps to help resolve the issue.
      • Upload tracking information
      • Included a message in the case for any updates you have. This is important because if eBay needs to close the case they will review the messages and make final decision.
        • State if buyer refuses to return item
        • If buyer never contacted you about issue
        • Details about transactions and the issue
      • If you need to issue a refund: Do not wait to issue the refund because if eBay has to step it in and issue the refund and close the case that is going to affect your seller score specifically cases closed without seller resolution.

In the comments please tell us how you deal with eBay returns or maybe even your worst or best experience with an eBay return.

Selling on eBay Youtube: Top 5 YouTubers

When I started selling I had no help, and every person I researched for selling on eBay Youtube Videos was just trying to sell me their get rich program.  Over the last couple of years I have been able to find some great YouTubers that are extremely knowledgeable on How to Make Money on eBay, Amazon, and Amazon FBA platforms.  I have added links to each of their channels and created a short video to explain what I like about each person to go with this post.

  1. RockStarFlipper (My Favorite Channel): 
    RockStar Flipper YouTube Channel

Reasons I like this channel:

  • Runs business model closer to how I run my eBay business
  • Uploads a new video everyday
  • Will answer your questions
  • Everything is FREE
  • Sells mostly on eBay
  1. Resale Rabbit:
    Resale Rabbit YouTube Channel
    Reasons I like this channel:
  • This guy is a pro when it comes to sourcing product from thirft stores
  • His videos are very informative, and you can learn a lot about items you should be looking for when sourcing.
  • Sells mostly Amazon FBA
  1. Raiken Profits
    Raiken Profits YouTube Channel
    Reasons I like this channel:
  • Great for people that want to sell clothing
  • Does lots of interviews with other sellers
  • Sells mostly Amazon FBA
  1. Golden Finger Picker
    Golden Finger Picker YouTube Channel
    Reasons I like this channel:
  • Sourcing and selling style is a lot like my eBay business
  • Does not try to sell you anything
  • Full of great information on sourcing and selling
  • Sells mostly eBay
  1. Bonafide Hustler

Bonafide Hustler YouTube Channel
Reasons I like this channel:

  • Motivational, Great Content
  • Does lots of interviews with other sellers
  • Sells mostly Amazon FBA
  • Works with Raiken Profits

I hope this has giving you a great source for finding selling on eBay Youtube Videos and YouTubers.  Please let us know what you think of the video in the comments below.

How to Make Money on eBay: Steps for Success

I see people all the time try to sell something on eBay and end up losing money because they did not know how to properly source, list, and ship their items.  In this post I am going to take you step by step of what you should be doing when selling on eBay.  If you follow the steps below on how to make money on eBay I believe you will be a success.

  1.  Sourcing Products to Sell on eBay:

Something you have to remember is that eBay is a discount website, and when you sell on eBay you have to compete with the prices that everyone else is selling items for.  When you go to a thrift store, garage sale, retail store, etc. you need to make sure that the items you buy are going to make a profit after shipping and fees.

This is achieved by using the eBay app, and doing research on your item while you are in the store to make sure you are buying an item that sells for more than the purchase price.  When I buy items I like them to be worth at least 3 times what I pay for them that way I am more than doubling my money after fees.  For example if I buy and item for $5 I want it to be worth $15 at the bare minimum.

I have attached a video showing how to use the eBay app when sourcing products

2.  Listing Items on eBay
When listing an item DO NOT play the roulette auction game. You are in business, and you need to make sure you are going to make money on every sale.  Don’t leave you profits to chance hoping someone drives up the price.  If you are going to sell on auction include ship price + profit margin for opening bid.  Let’s use the $5 dollar item example again.  If you are going to sell this item on auction then you need to Put min bid amount at around 12.95 + Shipping costs.

I prefer to do it this way:

  • Buy It Now with Best Offer (add 20% to price you want so you can negotiate)
  • Free Shipping – (Add shipping into the Buy It Now Price)
  • Formula Example: $5 item would look like this formula (item x 3 +.20 + Shipping – formula in numbers 5×3=15x.2=18+3=21) so I would list this item for $21 or $20.95 with Free Shipping.
  • Shipping Items on Ebay

3. Shipping items on eBay

Auction = Item + Shipping – $18 with $3 Shipping
Buy it Now – Item + Free Shipping – $21 with Free Shipping

I prefer to purchase items that are below 16oz in weight so that I can ship them USPS first class mail or books medial mail.

If you are going to ship a heavy items you have two options:

  • USPS Prioirity Flat Rate – This gives you a flat up to I believe 50lbs
  • Fedex Home Delievery – I normally end up using Fedex Home Delivery due to cost and time.

4. Calculate eBay Fees
Remember that you have to pay fees: Avg is 10% ebay + 3% Paypal, so 12-13% of you sell will go to fees unless you are a power seller then ebay fees will drop to 8%

I hope this article has taught you how to make money on eBay, please leave us a comment and let us know what content that you would like us to write about next.