What It's About
Today's caller seeks help pricing their reselling services.
Notes from Chris
Episode 1715
A listener and her teenager have been selling on Facebook Marketplace, and getting off to a good start. Now they have the chance to sell for others, and are wondering about some best practices. Should she charge a percentage, a fixed fee, or some combination? What else might be good to know in this situation?"Hi, Chris, this is Bertina Smelser from the Gettysburg area of Pennsylvania, my teenage son and I already have a side hustle if we said on Facebook marketplace, it's actually done pretty well. He sells shoes and I mostly sell books and clothing. It's also a bonus to get to spend time together. I really enjoy that. Interestingly, when people hear that I resell things online, I sometimes get asked about selling things for other people. That sounds intriguing to me. I actually did sell a large lot of baskets as a favor for an elderly couple that was downsizing. But while I was glad to do it, I felt a lot more pressure when I was selling for someone else and it was a lot less fun. However, I haven't ruled this out. So my question is, if I were to sell on consignment, what percentage should I charge or should I set a flat selling fee? Thanks for your inspiration. I've been encouraged by your stories of reselling in your early days. I can't wait to hear your answer."Listen to today's episode to learn more...
SEE ALSO:
- Q&A: How can I get paid to help resellers?: Lots of people are exploring the world of reselling. Today’s caller is wondering … what are the reseller’s needs, and what can he sell to them?
- Summer Job Reselling Silver Brings in $10,000: When his roommate makes $2,000 buying and selling silver in one weekend, this student turns off the TV and starts his own education in precious metals. He goes on to earn $10,000 his first summer.
- Car Enthusiast Races Towards Reselling Success: A former product manager sees the potential in importing specialty car parts.
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