This week's episode is all about Bulk Buys, or Volume Purchasing! But first, Jess dives into her first "month in review" update with a quick talk about how Storage Warrior did in January. Want more updates like this? Leave a comment on our YouTube channel and ask for more!
Buying in bulk is critical to scaling up your reselling business and it's really important to get your feet wet and get out of your comfort zone by making larger purchases and figuring out how to deal with them. In this episode Jess uses the example of our huge storage locker purchase on Vancouver Island to show how you can take a small risk by purchasing a ton of inventory all at once, and in this case it had a huge payoff.
If buying storage lockers isn't for you or if you're looking for something a little more manageable, Jess also goes over a few different ways you can test out the process of buying in volume so you can get used to handling more inventory and scale up in a sustainable way. Enjoy and don't forget to leave a comment!
CALL TO ACTION: What's the biggest purchase you have made in your reselling business, and how did you handle it?
ARTICLES & RESOURCES:
Episode 5 – Reselling During Massive Inflation https://youtu.be/jzTYPrzqmzs
OTHER LINKS:
Start Selling on eBay: https://ebay.us/Rzgs7m
Research sold prices with Worthpoint: https://www.worthpoint.com/partner/0000
(please note: I may receive a small commission if you sign
up for services through any of these links)
FIND US ON SOCIAL:
YouTube: The Business of Reselling by Storage Warrior: https://www.youtube.com/@storagewarriorpodcast
Facebook: https://www.facebook.com/profitablestoragewarrior
Instagram: https://www.instagram.com/storage_warrior
The Business of Reselling Episode 42: We're Clearing Out and Starting Over
The Business of Reselling Episode 41: Find Your Why
The Business of Reselling Episode 40: They Tried to Extort Me?
The Business of Reselling Episode 39: WTF is this!?!?!!? Researching Stuff You Know Nothing About
Returns: Why They Happen and How to Deal with Them as a Canadian Reseller
The Business of Reselling Episode 37: What the Point of Goal Setting in Reselling?
The Business of Reselling Episode 35: Should We Become Junk Haulers?
The Business of Reselling Episode 34: Top 5 Mistakes Resellers Make for Black Friday
The Business of Reselling Episode 33: Should You Ever Stop Sourcing?
The Business of Reselling Episode 32: Does Reselling Make You a Hoarder?
The Business of Reselling Episode 31: Top 5 Most Annoying People Who Have Yard Sales
The Business of Reselling Episode 30: Should Resellers Pay for Branding?
The Business of Reselling Episode 29: Promote, Promote, Promote
The Business of Reselling Episode 28: Update & Summer Strategy
The Business of Reselling Episode 26: Reseller Stigma, How to Handle Haters
The Business of Reselling Episode 25: Taxes and Books and Receipts, Oh My!
The Business of Reselling Episode 24: Limiting Beliefs and Your Business
Just the Tip: You Don't Need ChatGPT
The Business of Reselling Episode 22: Let's Talk Shipping
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