designer bags or purses just like this one is exactly what i've been reselling the last two
years having made about two thousand dollars to date i resell brands like
louis vuitton gucci balenciaga and a variety of others in this video i'm gonna share with
you all my tips and tricks so you can do the exact same thing let's get started
so let's start out just by talking about overall strategy a little bit
i really got into this about three years ago when all my friends began reselling supreme it looked
like they were making a lot of money and i kind of wanted to get in on that so i decided to try and
get a bot and also go to drop dates trying to get new items and it never worked out i could never
get an item to resell and that's when i expanded i started looking into louis vuitton gucci different
designer items and what i found was there was a very unique market gap on the next store app there
was middle-aged men and women reselling these items way below market value where i could go and
buy them and resell them on different websites for far more money what i would do was i would go to
apps like poshmark and ebay and look not for the asking price but for the sold historic prices of
these items to determine a baseline then look what they were asking know what i could get it
negotiated down to and therefore come up with a really solid profit margin that i could use
so that was my overall strategy just diving a little bit more into my actual flips and giving
you guys some examples of what this may look like i'll first tell you about a louis vuitton garment
bag that i sold and this is going to be hard to believe i actually bought this bag for 20 dollars
it sounds crazy but i went on the next door app and there was a woman reselling this
for 20 her only condition was you didn't text her about it you only called her about it i
immediately picked up the phone gave her a ring and what she told me was that she'd gotten about
15 texts but nobody had called her about it yet and because of that she wanted to sell it to me
i was thrilled because i'd follow her instructions and was about to get a great flip
went to her house i obviously paid full price for this item which as you can see is a gorgeous piece
and i managed to resell it on ebay for 200 now why did i resell it on ebay i could have resold
it on poshmark or grailed i know graild is more of a hype app though especially for sneaker heads
so i ruled that one out i thought poshmark would be a good fit but since this was really an antique
piece for the 1970s its best fit would really be on ebay which i think was the right choice
having made the profit that i did another great flip i made which differed a little bit was
actually a gucci purse it's called a two-way landi lock purse and they were asking 500 for it on next
door once again as most all of my flips are and i looked into it and i really liked what i saw and i
knew i could negotiate it down which i did i went to them and i actually managed to get it for 300
200 off the asking price but what was really great about this sale is that there was
a story behind it they told me all about how they bought it at the watergate hotel
in 1989 and a little bit more about what that experience was like using that i used that in
my post and this really helped authenticate the piece since there wasn't any receipts or anything
like that and i resold it for 600 on poshmark now poshmark was the perfect fit for this item
it was a really really classy looking woman's purse that would strike a chord with the middle
age population it sold quickly but i did have to resist negotiation and i'm trying to drive
the price down which is really important take away from this video whenever you're reselling
on websites or apps like poshmark you have to be patient if you know the value of the item
don't give in for a quick sale and just hold out until you get that full price asking a third flip
that i've had that i think you guys will really appreciate is two pairs of balenciaga triple s's
i hardly knew what triple s's were a year ago but they're actually a really sought-out
popular kind of clunky looking sneaker that a lot of rappers and hypewear collectors wear
so i went on craigslist and decided to kind of do some research on this see if i could make some
money and i typed in balenciaga without realizing that there was two typos in the way i spelled it
but i'm so glad that i did that because one listing popped up for two pairs of balenciagas
and in the title of the listing they'd made the exact same two typos that i'd made myself
because of that i think i was the only person on the craigslist website to see this listing
and they were asking 500 for two pairs of sneakers that may sound like a lot of money to you guys but
having done even a small amount of research i knew these were vastly undervalued so i went to them
paid full price i got the dust bags boxes included for these two pairs and they'd each been worn once
if i didn't tell you that you wouldn't know it because they looked brand new one was in the
lego colorway and the other was in a red and black color way i quickly put them on grailed which was
the best fit because it's such a sneaker app for hypewear men and young professionals and they sold
pretty quickly the lego colorway sold for 466 dollars and the red and black colorway sold for
516. that left me with a net profit of 471. for no more than two hours of my work if you compare that
to any minimum wage job that really blows it out of the water in terms of value per time provided
granted and this goes for all of these flips i'm not including the fees and commissions that these
websites take i haven't done the math there but they do take 10 to 15 sometimes even up to 20
of the price which reduces your margins but still makes it a great side hustle
so just some tips and some final strategy for anyone interested in doing this
do your research make sure you go into a negotiation knowing exactly what the most
you're gonna pay for an item is and then don't go over that secondly i would probably avoid
craigslist i actually have been scammed once in this side hustle which was on craigslist
i bought a designer clothing piece and it turned out to be completely fake and i effectively lost
all 200 that i'd spent buying it next always always negotiate sometimes if they aren't willing
that's fine if it's at a low enough price but if you can knock off a hundred dollars with five
seconds of your time you're effectively making a hundred dollars with five seconds of your time
so don't under appreciate the value of that and just how powerful that is two final things always
try to include the dust bags boxes and receipts with any of these purchases it really increases
the value and also the authenticity when you're reselling these on certain sites and always
take really really good photos so taking good photos is super important because people want
to know what the defects are if they're going to spend this much money on a designer clothing
piece they want to know exactly what they're getting for it that's it for today guys i hope
you enjoy this and i know you have questions so go ahead and make sure to comment those below
and also as always please like and subscribe thank you so much i'll see you guys next time
you