This episode of the Reselling Raiders podcast is all about sourcing!

Here are the key takeaways:

Where to Source:

• Go-to Sources:
  • In-Person: Flea markets, garage sales, yard sales, Facebook Marketplace (look for smaller sellers with diverse inventory). (9:15, 10:17, 13:28)
  • Online:
    • Whatnot: Cherry-pick items based on what's selling, especially new sellers and storage unit shows. (8:06, 13:21, 34:38)
    • eBay: Look for high sell-through items and consider sniping auctions to secure great deals. (11:21, 33:46)

Strategies:

• Network: Build relationships with sellers to access exclusive deals and bulk lots. (11:21)
• Reverse Source: List desirable items on Facebook and encourage sellers to contact you with similar items. (13:32)
• Go Against the Grain: Focus on items that aren't popular on Whatnot (like dad hats and watches) and sell them on eBay. (39:18, 46:15)
• Price Competitively: Undercut other sellers on high-dollar items with good sell-through to ensure quick sales. (45:17)

Other Topics Covered:

• Best in Show on Whatnot: Includes mentions of popular sellers like Broken Bone, Friday Night Rider Vintage, and Don's Luxury. (3:12)
• Dealing with Difficult Customers: Recommend sending returns back freely and responding politely to negative feedback. (51:58)
• Pricing Strategy: Base prices on comps, but consider turning inventory quickly, especially for low-priced items. (55:37)

Enjoy your reselling journey!