One of the biggest things that holds people back from just jumping into something new is the fear of messing up. The wonderful thing about the internet, however, is that it’s great for documenting people’s failures!! Read on to learn about 5 mistakes I made when I began reselling, and how you can avoid them!
Mistake #1: I didn’t Calculate my Shipping!
Calculating shipping is important! If you overestimate how much something weighs, you and your buyer might be overpaying (which could be costing you sales). If you underestimate shipping, you might end up losing money on your items. Paying for EXACTLY the right amount of shipping is what’s best for you and the buyer, even though it costs a bit upfront. Investing in a shipping scale is a great way to make sure you are only paying for what you need.
Mistake #2: I Mixed Up Shipping Labels on 3 Items!
I ended up mixing up three Ebay shipping labels, and I dealt with that mistake for months! It’s easy to get in a rush and forget to double check that the item in the box matches your shipping label. Create a system that works for you to make sure that your labels are always ending up on the correct packages!
Mistake #3: I didn’t Keep my Inventory Organized!
This has bit into my profit more than once. Not only is losing inventory a waste of time and a loss of money, but it’s stressful and frustrating! Avoid yourself the trouble and create an inventory system ASAP! Numbering items and putting them in totes, and recording their location, is one of the only ways I’ve found to make sure that inventory doesn’t grow legs.
Mistake #4: I didn’t Check the Comps!
Just because an item is cheap doesn’t mean that it’s worth selling! This is also true with “BOLO” brands, trending items, and things you’ve sold in the past. Trends in the market change, and just because you might have been able to sell a starbucks mug in 2019 for $200 doesn’t mean you can do it now. Fads, as well as supply and demand, change market prices all the time. Before investing in inventory, try to figure out how much money you can actually make from each piece.
Mistake #5: I didn’t Include Measurements!
There is more than one reason to include measurments!
- They can help you win return cases. If a buyer isn’t happy with how an items fits, they will sometimes ask to return the item. Most platforms do not allow fit as a return reason, and by providing item’s measurements you can show that the buyer had the ability to see the exact fit of the garment.
- They help make sales. Buying clothes online can be hard fit-wise, and providing measurements gives buyers assurance regarding their purchase.
Those are 5 mistakes I made when I began reselling and how you can avoid them! I hope that this advice gives you some new ideas of ways to improve your reseller business on Poshmark, Ebay, Etsy, Mercari, Depop, Amazon, or other reselling platforms! Interested in learning more about reselling? Join us on Instagram @Visiblysold!
Author: Rosie Zbaracki, Co-Owner Visibly Sold
Thrift addict, cat lover, and sustainability advocate. Get more reseller, thrift, and sustainability content on http://www.visiblysold.com or on Instagram!
Published September 2021