Reselling Raiders: Stand Out From The Competition Do the Opposite, Tax Reporting Change,
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Reselling Raiders: Stand Out From The Competition Do the Opposite, Tax Reporting Change,
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This episode of "Reselling Raiders" features Hat House, Coach Porch, and Fired Up Finds discussing various aspects of the reselling business.
Key topics include:
- Tax Updates (6:48): A discussion on the updated $20,000 threshold for online sales, replacing the previous $600 limit, and the importance of tracking expenses.
- Doing the Opposite (14:44): The hosts share their strategies for going against conventional reselling advice, such as not sticking to a niche (15:37) and selling higher-quality items on platforms like Whatnot (21:09) rather than just clearance items. They also discuss the idea of sourcing out-of-season items (25:26).
- Social Selling and Platforms (34:50): The potential growth of social internet shopping and how platforms like Whatnot (37:32) are facilitating direct-to-consumer sales. They also touch on the limitations of other social media platforms like Instagram and Facebook for direct selling (37:04) and the potential impact of eBay Live (44:10).
- Rank 'Em (55:03): A segment where the hosts rank different sourcing locations for reselling, specifically Goodwill stores and bins, garage sales, and flea markets (55:03).
- Bolos (Be On the LookOut) (1:03:07): The hosts share recent profitable finds, including a Harley-Davidson police siren (1:03:32), a vintage Volvo long-sleeve Henley (1:05:30), a Patek Philippe cologne (1:06:35), an Akris blazer (1:07:32), a Zojirushi induction rice cooker (1:07:59), J-Bird Vista earbuds (1:09:46), and a vintage Capital City Bombers hat (1:11:30).
- Q&A (1:12:41): They answer audience questions on topics such as handling lowball offers (1:13:11), the placement of the word "vintage" in hat listings (1:16:46), and average sale prices on Whatnot hat shows (1:21:51).