Resell SUCCESSFULLY & PROFITABLY in 2023: Reselling Tips & Changes In My Reselling Business
I don't know about you but I am determined to make 2023 the year that I win at reselling let's get into it [Music] hi everyone my name is Becky Park I have been a part-time reseller now for about five years and as we head into 2023 I am determined to make sure that this is my most profitable and successful year as a reseller to date and in this video I'm going to share with you all of the ways that I plan on doing that now one thing that I think is really important as we step into a new year is to take stock of how we're feeling about the prior year and about who we are to date 2022 was really weird there were a lot of things that happened that we could have not have predicted a lot of things worldwide a lot of things within our economy live sales be honest did any of you see that coming I know I certainly did not so 2022 was 2022 but as we step into 2023 I feel like I have so much Clarity finally regarding who I am as not just a businesswoman not just a reseller but also who I am as a mother as a teacher as a wife as all of the other roles that I play in my life one thing that is for certain is that I want 2023 to be the year that I am much smarter about how I use my time because we are limited as far as how much time we have in the day and I want to make sure that the things that I do have a strong Roi or return on investment last week I had volunteered to lead a craft for my son's winter party and what I ended up doing for this group of like I think it was like five to nine year olds was I took these pieces of cardstock I cut them from rectangles into squares and I pre-cut out all of these snowflakes and then I brought them to the party so that they could put like glitter on them they could color them they could add cotton balls to them I thought it would be really cute and really fun and it was except for the fact that sitting there and making all of these stinking snowflakes took so long and my husband was like your Roi on this project is not good he's like I just I don't think that the kids are going to enjoy this as much as the amount of time that you put into preparing this project and he was probably right and that really got me thinking about how I tend to put an insane amount of time into certain things that the outcome really just does not justify the amount of time that I spent on whatever that project was or whatever the task was and that is something that I need to be smarter about because I don't have the luxury of time to be throwing it away on useless tasks so that's definitely one thing that we're going to be talking about in this video is how I can be smarter about how I use my time as a businesswoman as a reseller so that I have more time to spend on the things that actually matter which is things like spending time with my family spending time with my friends you know being a better teacher for my students because in case you didn't know I am a full-time High choir teacher and I resell on the side that being said I am stepping into 2023 with I think the most confidence that I've ever had in myself which is finally enabling me to go all in on myself let go of my imposter syndrome and truly get after it so I'm really excited about 2023 because going into it I feel good I feel good all right so first of all as we talk about how to be successful in the year 2023 I think we have to talk about letting go of the things that are no longer servicing us letting go of the things again that just don't have a good Roi that don't have a good return on investment so before we can talk about maybe what we're going to add in the year 2023 or what changes we're going to make first we need to talk about what we're going to let go of and I don't know if this is something that you have thought about but I have definitely been thinking about what things can I break up with in the year of 2023 and here is my list the first thing I'm going to get rid of are a few platforms that I may have started experimenting with in 2020 to or even before that those platforms are trade Z which is now turned into best share I still don't know how to say it it's part of the reason I have to break up with it yeah I don't even know how to say the name of the platform I don't personally find enough items that would sell on a platform like that to continue listing over there the second platform that I'm letting go of for basically the same reason but also because their payout structure has evolved to a point that it just sucks too bad to support it is the real real I did have some decent luck with the real real in the year 2022 that's the only year that I experimented with the real real and I had some really big and really great sales however as I have watched them continue to make adjustments to their payout structure I'm learning that they're really not in it to help me the seller they're really in it to help themselves and so no longer am I going to send items into the real real I'm just going to sell anything that I could have sent to them I'm going to sell those things myself and then finally this is probably the hardest and toughest breakup of all but this has been a toxic relationship in my life I'm finally naming it and I'm finally cutting ties with it and that is thredup now my relationship with thredup is complicated there are many facets and layers to it for example I have used thredup to send them inventory so that they could sell it for me and I could make money that way and I have also purchased rescue boxes from thredup and those serve a number of purposes one it's content from my YouTube channel it's so easy I just sit there and open the box and oh look at this what is this you know it's a very easy video to make so it's served that purpose but also you know for inventory I would open the boxes on camera but I would also sell the items that came in those boxes the issue is while there were always a few Treasures to be found in every rescue box there were also so many stinkers and my house is filled with the stink of thread of rescue boxes that is pungent it's a lot of time invested in inventory that I didn't get to choose and again sometimes I get some really great pieces sometimes the ROI is great depending on the box but oftentimes what happens is I get stuck with a lot of pieces that I have to look at and ask myself what am I going to do with these and you know maybe it's a trip to a local thrift store to drop some of these pieces off where I'm going to try to consign them at a pop-up Consignment sale you know I'm just shuffling these items around trying to figure out what to do with them but the honest to God truth is I didn't need those pieces in my house in the first place my time is much better spent going out and finding pieces on my own to Source versus allowing a third party to send me their garbage in a box to just clutter up my own home so that's a tough one that's a tough breakup but if you see me even try to upload a threaded rescue box unboxing on this channel in the year 2023 you need to just unsubscribe right there oh wait please don't hit that unsubscribe button but you know what I mean like please hold me accountable the last thing that I'm getting rid of in the year 2023 is the lie that buying cheap is better buying something for dirt cheap and holding on to it for forever only to turn a small profit is not better than paying up for an item but making a larger profit on it because it was a smart investment to make this is going to be a hard lie for me to break up with because I have sourced within this framework for years and it's because I didn't have enough faith in myself that I could Source any other way I thought I could only source cheap because even if I made a mistake at least I didn't have that much money into that item however as I step into 2023 with more confidence in myself and the knowledge that I know what I'm doing it's going to help me be able to make better choices pay up for items that I know are worth paying up for and ultimately make more money in the long run without having all of these items sitting around at home that are going to turn me a five ten fifteen dollar profit when I could be getting after those items that I know are going to turn a bigger profit for me and said by the way let me know down in the comments what you are letting go of in the year 2023 as well what items are just holding you back what baggage is bringing you down I want to know what you're letting go of I want you to put it out there in the universe so that we can hold one another accountable and we can check in with one another okay so let me know down in the comments below let's talk now about the goals that I have set for myself in the year 2023. the first goal that we'll talk about is a numerical figure the amount that I want to earn in net profits from reselling in the year 2023 and this number may shock you and I'll explain why in the year 2022 my goal was to earn forty thousand dollars in net profit now I have not had the chance yet to sit down and figure out all of my numbers for the year 2022 yet in fact it's not even you know December 31st as I'm filming this but I have complete confidence that I am not going to get anywhere even close to forty thousand dollars in net profit so my goal for the year 2023 is 45 000 dollars and you might be thinking to yourself that is crazy you didn't even hit your 2022 goal of 40 000. I know that but I'm still gonna set a really big goal for myself so that it pushes me out of my comfort zone to really get after it and try and Achieve something that is way up here and even if I don't hit that 45 000 goal I'm gonna definitely hit a higher goal than if I had kind of lowballed Myself by setting such a logo for myself I'm not going to buckle down and try to figure out what it's going to take for me to hit such a high number I'm just going to Coast because I know that I can hit it whether I try that hard or not the second goal that I have it might seem kind of vague but I promise I'm going to Niche it down a little bit but my next goal is to have more confidence in myself and in my reselling business as I shared earlier I think I've been holding on to a lot of imposter syndrome I'm gonna let go of all those negative thoughts and I'm just gonna get after the things I have been dying to try out myself and that takes me to my next goal remember I told you I was going to Niche down and that is to make my most profitable platform in 2023 my own Shopify store I know that sounds so lofty and I know that that sounds so like oh like who do you think you are but that is my version of going all in on myself now if you're kind of new to my channel you may not know that not too long ago maybe like a year and a half ago I actually launched my own Shopify store but I was just treating that Shopify store as another regular reselling platform I was cross-listing essentially everything that I had listed on platforms like Poshmark and eBay I was cross-listing items over there at the same time and the only thing that really differentiated that platform from my other ones was that I was offering items at a slightly discounted price with free shipping that was the only difference however as we go into 2023 I have really been dreaming about how to make my Shopify store something that I can be proud of and something that is worth anyone's time to go and visit it so this is how it's going to be different I am going to offer monthly draw crops so in the month of January my first drop is going to be the second Friday it'll be January 13th and all of the drops will drop at 10 A.M Central Standard Time and what each drop will consist of is the best items that I have sourced up until that point the best day of the year they will go to my Shopify store first at really great prices and that way I'm able to offer these pieces to all of you before anyone else sees them on any of my other reselling platforms and if you watch my YouTube channel you know that I will list basically anything anything that I can make money on it doesn't matter if I'm super passionate about the item if I get excited about the item if it's an item that's you know my aesthetic I will pick it up and list it if I know that there is money to be made in that item but what's going to be different about the items that I list on my Shopify store is that they're only going to be items that I am genuinely excited about so it's a curated collection of items that are my style my aesthetic my Vibe not necessarily all things that I would wear but things I look at and I'm like wow wow that is cool that is amazing so if you are interested in staying up to date with what goes on with my Shopify store and receiving alerts when it is almost time for the monthly drops I will actually have a link down in the description where you can sign up to join my email list and if you do join the email list I'm also looking to send out weekly newsletters with just information related to reselling tips and tricks when it comes to reselling but also information about my Shopify store and any other information that I feel may be pertinent to you in your own reselling business this is how much I'm going all in on myself I'm even going to erase the on Poshmark part of my YouTube name it's just going to be Becky park because I don't want to just be known as the girl who sells on Poshmark in fact I think that I did better on eBay in the year 2022 than I did on Poshmark I also blame a lot of that on Poshmark because Poshmark was a little yeah and then you're 20 22. so that's how much I'm going all in on myself I'm not gonna hide behind a platform anymore it's just me whether you like it or not and I'll be honest with you one of the biggest kicks in the butt that I got in the last week or so regarding you know my decision making process going into the year 2023 came from a comment that one of you left on one of my YouTube videos I believe it was a thrift haul I think and I was sharing how some of those pieces were going to go in my January drop and I was just kind of teasing that I was gonna you know have this website go live again and this was a comment from grabs and Deals 8213 that honestly literally almost brought tears to my eyes it started with congratulations on your website it's long overdue are you going to put a link to your website in the links and I kind of responded and then they responded back with this you have been losing money to Poshmark with your following you should be selling on your website a new year is Sunday and a good time for you to start using your website and advertise it you are just hand spending thousands of dollars to Poshmark it should be in your pocket your bank and your gas tank not poshmarks you know something I tell my students all the time as a high school choir teacher is it is really frustrating that I believe in you more than you believe in yourself I don't know how many times they say that to my kids and it's true I really see their potential I really see like what they could become if they just saw an ounce of what I saw in them but because they don't really see it in themselves it's hard for them to push themselves that's exactly what this viewer did for me this viewer was essentially saying to me I believe in you so much why don't you believe in yourself that same amount so you know what grabs and Deals I am going all in I'm going all in on myself and it is largely things to you so I cannot tell you how much your comment meant to me thank you so much all right so we talked about all these goals the important piece of the puzzle is how am I going to meet those goals the first thing we already kind of talked about and that is my Shopify store by the way in case you were wondering my Shopify store is called shopbekypark.com you can try to go there right now if you want there's nothing on there because it's not going to go live until January 13th at 10 A.M set your alarms now but that's one of the ways I'm going to try to reach
that 45 000 goal is to just Source amazing stuff that I'm super excited about and list it on to my very own website and pass along to you in savings what I would have given to platforms like Poshmark eBay other platforms that you know are taking their platform fees next and this is a much more practical thing and something that I have been talking about for a long time but I want to have more systems in place for everything for every facet of my business I know I've talked about this in the past in regards to things like returns you know like I'll get a return from eBay and it just kind of floats around my house like at first it ends up like right next to the door because someone brought the return in from the mailbox and then it'll end up on our stair line ending and then it'll kind of like work its way up one stair at a time into the room that we're sitting in right now but it takes forever for that return to get processed for it to get re-listed and it's because I don't have a good system in place for what I'm going to do with my returns this is also the case for items that have stains on them I don't have a good system for that so usually what ends up happening is you know I will hand it off to my husband who is really good at getting stains out he will get it out for me at some point in time I will get it back at some point in time but Adam is not a good system it's not a good system and so it's something that I need to work on and this isn't just for the physical products that make up my reselling business but it's also for things like running sales it's also for things like content creation you know the social media piece of my reselling business there are systems that need to be put in place so that I am much more organized and things happen in an organized fashion versus what has been happening for the past five years which is I just fly by the seat of my pants across my fingers and hope for the best I cannot continue to function like that if I want to have a profitable and successful reselling business that kicks last year's reselling business in the book kind of going along with that is I want to find more ways to automate parts of my reselling business you guys know that I am a huge fan of a tool called Pacho va posher va is a tool it's a Chrome extension that I use to automate the sharing of my Poshmark closet or to automate these sending out offers to likers in my Poshmark closet it does a lot of things for me that I could sit there and do by myself if I wanted to I could sit there and do all the clicket ease and I could send out all the offers and I could do all that I don't want to I have much better things to do with my life so posture VA does it for me my goal is to find ways to do that with other aspects of my reselling business and social media part of that comes from just being more organized and one tool that I am using to get more organized especially with the content creation side of things but also with things like scheduling out my drop schedule drilling out sales on eBay is a tool called notion notion is similar to tools like Google drive or OneDrive my brother actually was the one who turned me on to it and I found a template that someone was offering for YouTube creators online and I found it so incredibly helpful in terms of helping me stay organized the best thing about it probably is that you can basically see your business in calendar view you know as a content creator I can see what I'm going to post on Instagram what I'm going to post on YouTube and when but also using that calendar I can do things like plan out sales for the month for you know platforms like eBay and Poshmark and Facebook Marketplace and I can even start to automate some of those sales you know on eBay you can plan out sales very far in advance if you have a store so if I can map out on a calendar view okay this weekend I'm going to offer a 15 off sale on everything and throughout the week I'll offer a five percent sale maybe this weekend I'll offer fifty percent off of you know super stale listings if I can and look at a calendar view map out when those things are going to take place then I can just set aside you know a few minutes at the beginning of the month to set up all those sales and then they'll just go live on their own when I have set the time for them to go live so I want to find ways to automate even more parts of my reselling business so that I am working smarter not harder just to spend a little bit more time talking about getting organized using that tool that I mentioned notion what I like about it is when you have these big pivotal moments in your calendar it really helps with everything so for example I know in my mind and in my notion calendar that January 13th is going to be the first drop on my website shop Becky Park so from a reselling standpoint what that tells me is I have up until that point to find some really cool pieces to list their first before it goes to any other reselling platform it also helps from a Content creation perspective because obviously there's a lot that I want to do to advertise for that drop so if I'm able to start there and work my way backwards and figure out how to create content that will support the drop then it's easier to fill in the blanks as far as what kind of content I'm going to create for each day leading up to that drop does that make sense it does in my brain it just helps me feel like I'm much more organized and on top of things than I used to be next let's talk about live sales for a second live sales was huge in the year 2022 and I definitely dabbled in it I did a handful of What Not shows I actually got onboarded to do live shows on Poshmark I just never actually had a live show on Poshmark I have been watching from afar just to kind of see what is happening with live shows and how I want to utilize live shows within my own reselling business I am not opposed to live selling however I am super opposed for myself of bringing my best stuff to live sales and that is mainly because I have watched time and time and time again and experience for myself as well but I have watched a lot of people get burned because they bring their best stuff to live sales and the buyers just are not there so instead I think the way that I'm going to utilize live sales in the year 2023 is to sell off stale items those are the items that I don't mind having a three dollar start because if the item sells for three dollars great I just need it out of my closet I just need it to go to a new home and I'm cool with that I'm not okay with selling some really great pieces for three dollars five dollars ten dollars or you know starting items at fair prices and spending two hours in front of a camera just to not make any sales because no one wanted to buy items at my fair prices so I do want to utilize what not and Poshmark life sales but I think I'm just going to do it to offload the pieces that I no longer want to to carry in my Poshmark closet or in my reselling business in general and those are things that I can also put into my notion calendar you see how much notion is transforming My Life by the way I'm not sponsored by them they don't know who I am I don't have an affiliate link or anything I just have really super been loving notion finally on top of utilizing what not and Poshmark live shows to liquidate still listings I also want to utilize my local Plato's Closet and utilize local Consignment options a little bit more as well so I think the process moving forward and I'll have a separate video that comes out about this but the process moving forward will be I get close in usually hopefully like 90 95 percent of the time it's clothes that I myself have sourced but I already have some really great friends who have reached out and said hey I'm going to be bringing you a bunch of clothes really soon and I love acquiring inventory in that way because I have gotten some really great pieces and usually there offering me their clothes without expecting anything in return I always give them something in return because I want them to keep coming back to me but I'm not giving them as much as I would have to give my local thrift store so I love getting their clothes to resell however when you take everything you're also getting a lot of stuff that you're like I don't know what I'm gonna do with this I don't want to list it myself and so I think the first course of action will be to take those items to a place like Plato's Closet or to try and consign it myself at a pop-up Consignment sale or if it's a kids item there are some local Consignment kids stores so I will try to sell things off that way first because it requires the least amount of effort and energy on my end the second thing that I will do is in conjunction with liquidating items that I already have listed that I just want to get out of my life I will you know host what not shows or Poshmark live shows and sell off those items for super cheap finally you know if it's an eye item that I just genuinely don't want to list I'll go ahead and just take it to a thrift store but I want to give myself a shot of making some money on it first because it's already in my house I may as well try to get something out of it but if it's really not meant to be I will bring it to a thrift store so I think by utilizing those options I can still make a pretty passive income and also give these clothes a second chance at life as well so these are the ways I plan on making 2023 amazing as a reseller let me know down in the comments below what you're thinking of doing the changes that you plan on making but for me 2023 is going to be the year that I stopped being so scared and the year that I go all in on myself and trust and believe that the past five years have prepared me for this I'm super excited for what 2023 is going to bring and I hope that for all of us it brings not just Prosperity but also Peace Love lots of laughter and time with family and friends I hope it's a year for the books thank you so much for watching don't forget to hit that like button if you enjoyed any aspect of this video hit that subscribe button if you are brand new to my reselling Channel don't forget to sign up for my email list down in the description below and I will see all of you in the next one bye
2023-01-07 23:21
