https://youtu.be/c6NM3rSXJWw?si=Bxux7psPiglJ90mm

Technsports & Back From Burnout YouTube Interview Notes

Tech started eBay when running a computer repair store, would make a deal to get customer’s broken stuff and resell it on eBay

Largest eBay seller in clothing categories for 15 years

Most amazing thing to Tech, even after 15+ years, is that you can buy something for $1 and sell it for $100

This opportunity won't be around forever

Prices are going up, you can either lower business costs or raise prices. Lowering costs doesn't work: Tell your employee you're going from paying them $20 to $12…

Go for high sell-throughBetter to sell all the time for some of the money than some of the time for all the moneyCompounding: If someone offered me $800 for a $2,000 item, I’d probably sell it because I could buy 100-200 items with that $800 that have an ASP of $25. Sell them, then use the profits to buy more items…

You work for your employees, they don't work for you (🧠💣)

You gain more respect from employees if you do what you ask them to do (listing, accounting etc…)

Employees trust you when your business is consistent - have systems in place and a backlog of stock for weekends and off-days

Niche down to scaleAn Everything store can be good if you have a full-time job, hunting for the highest profit itemsWhen scaling up, focusing on specific categories of producs helps to simplify systems and processes. If your employee has to learn how to list and package a baseball bat, a plant seed, a jordan sneak, and a secret-rare LOB 1st edition Blue-Eyes White Dragon Yugioh TCG card… Its gonna get complicated and dysfunctional.Niching down saves time at the thrift. Can be in and out in 5-15 mins instead of 2 hours and on to the next one.You can get clothes quickly and in abundance, AND there's no customer service like there is with electronics: “Everyone knows how to operate a shirt”

Money is only made when stuff is listed

Tech enjoys working more than golf, so he works, and that includes listing

Tech makes it a non-negotiable to do whay he says he does and 250 listings a day, even if that means sacrificing sleep

Tech’s brick n mortar store sells ‘un-ebayable’ products - ones that are cool or quirky but don't have keywords like (harley davidson shirt)

Tech is old-school, doesn't listen to podcasts or read books, just does the work

Tech's name is his store, his community, his socials - his whole reputation so that helps keep him accountable and discplined

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