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How much money did I ACTUALLY make in 2024? (realistic part-time eBay income breakdown)

Frames How much money did I ACTUALLY make in 2024? (realistic part-time eBay income breakdown)

Description How much money did I ACTUALLY make in 2024? (realistic part-time eBay income breakdown)

Comments How much money did I ACTUALLY make in 2024? (realistic part-time eBay income breakdown)

What is the difference between net income and total payout Comment from : @church4111

I ironically sold 365 items last year but only made about 10k net 😭 I also do it part-time as a stay at home mom I need to find items to sell at a higher price I opened a ebay storefront a couple months ago but I feel like it hurt my sales 😭 Comment from : @shayynon

Thanks for sharing I like the interface on that flipwise Comment from : @soled_out

Can you tell me how you listed those high end sales? Buy it now or Auction If BIN I assume you found comps Comment from : @tomjohnson5888

How did you create that report broken out by all of your sourcing locations? That would be very useful to me Comment from : @resellerworldnj

Loved to watch the top 10 sales of the year! Awesome! Comment from : @antimograziano5991

Not sure how long ago the IRS rule on mileage changed but you can not take mileage unless that trip was only for business purposes For example, you can not combine a trip to the post office to ship a pkg with a stop at the store for a container of milk Comment from : @lindaf4968

My Net sales isn't near that high I'm around 35 percent 😥 Comment from : @CryptoStone483

Did you leave out time spent driving in your calculations? Comment from : @thomashughes_teh

My best was a ken block 1/10 diecast truck, I actually bought 4 of them at around $100-$200 a pop and resold them for $500 to $1000 depending on the variation Comment from : @dennischen8887

Had to come back to say after listening to this last week I found vintage converse at the thrift yesterday so thanks for putting that out into the universe 😂 Comment from : @seannecasey4046

Making reselling fun is important Though you don't source online I do and I find it more enjoyable than going out sometimes Definently helps knowing you arent putting miles or gas in your car Comment from : @itsmedavidd

I hate selling on facebook as well Scammers, low ballers, time wasters every day without fail Comment from : @itsmedavidd

Hi Justin Are you setting up bulk buys locally? Comment from : @michelleraum2167

I have been watching videos for years I want to be a reseller so badly My electronic equipment is all a mess right now I am taking action I called for an IT support guy come in to give me the start that’s holding me back Thank you Comment from : @ogram46

My '24 gross sales were up some but my margins took a hit this year br288 transactions, 168k gross and 37k net net Mostly FB Marketplace br I have never shipped an item but it is on my mind I enjoy the content Comment from : @garyzimmerman6316

I find it impossible you are listing 4 to 5 items every day in a half hour Between getting the item picture ready, taking the pictures, doing all the measurements and going through all the descriptions and tags Consistently each item in 7 minutes or seems impossible Comment from : @puddychains

Great video as always Happy New Year to you Justin! Comment from : @mcshea847

0:44 yes I wanna see Justin rap someone please remix this is a rap video 😂 Comment from : @Clawsandpawsreality

Flipwise question:brbrAre you adding the sales tax to thrift store finds when inputting your COG? Not a headache when just purchasing a single item, but if I've got full receipt, should I be breaking out all the sales tax for each individual item? Also, what about the "round up" donations? Is that Flipwise-able? Thanks brotha! Comment from : @walterwk

hey Justin I love your videos they, have really been helping me start reselling I live in a relatively low income city, so the thrift stores rarely ever have anything worth reselling, and seeing how its winter it's not really garage sale/flea market season and I am having a hard time finding any How would you recommend I source new inventory? Would it be worth driving further (2 hours there and back) to shop in a more affluent city? Comment from : @summie757

I started in April of 24 as a hobby and didn’t do a great job of tracking anything not knowing that it would be pretty successful Time to invest in Flipwise Comment from : @dawnmole5517

Thanks for sharing My eBay store sells around $60k annually as well Just curious are you an llc or incorporated anyway? Comment from : @Sb69minis

Hey Justin, would love a video explaining your routine when you get home after sourcing When I go to thrift stores I often don't input the merchandise into flip wise quickly Sometimes I forget what I paid for an item or if there was a discount appliedbrbrDo you average out the cost of goods over the total amount spent? Or do you input each individual price for every item brbrIn either case, this year I hope to be more diligent and putting into information to keep more accurate records brbrThank you Comment from : @charliedoucette2249

Can you make a video regarding adding expenses and unlisted inventory COG into Flipwise? I see you have added some Ledge account, and I can use some input on what new accounts I should add/use beside the default import account with the lightning bolt Thanks Justin Comment from : @firefighterjrock

As far as time goes, I noticed that the time spent testing items (electronics) was omitted This is not a trivial amount of time based on my experience I spend quite a bit of time testing electronic items before listing them Comment from : @michaelsingletary5550

I did about 55k in sales but a actual profit is about 63 of the 55k Comment from : @Joe-Skier

If it's a non profit organization they don't care what price they sell it for Comment from : @monicadavis4901

Thank you for your weekly videos and inspiration, when I'm in a slump I watch you and it gets me all inspired again I made enough in four months last year to fund a luxury cruise! flip wise has been a game changer for me too, so thanks for everything, have a wonderful new year and roll on the good weather and the garage sales ( Here in my part of Australia its too hot for garage sales!! so cant wait for autumn) Comment from : @sallyedwards4567

Hello and happy New Year Thank you for this breakdown, very insightful One question please How long it took to be making money I just started in April and in still in the red… Comment from : @milenahandarova

Question: Your total inventory from your first year to now, how many listings do you carry on a graph from year one to now I find that I get 1-4 sales per week carrying only 360 listings I have been selling for four months ROI at end of year on all sales is 67 I find that some things sell fast, some get 0 views Of the sales, $757 is the cost of goods, total cash flow was $1265, yeilding a gross profit of $507 Net profit after expenses was $276 yeilding a tax burden of $100, leaving me with just $176 in a realized increase My listed unsold inventory consists of $1500 Cost of Goods, with a projected cashflow of $3000 Thanks for your videos Comment from : @ds7411

For me I had 329k gross on eBay and my net take-home for reselling which includes Craigslist and Facebook and Makari was $175 k Comment from : @longboardluv2

My God, who on earth wouldn’t want to source online! I get sooo much anxiety going into a thrift store or garage sale I know I need to get over that but sourcing online is so much more appealing Besides I have to help care for mom I so hope sourcing online works Comment from : @bgriffing

My wife and I committed with an all in attitude and grossed $250K this year while I was working full time It was a grind, but a fun experience brbrDon’t think we can keep it up, but it was worth it! We’ll do a variation of this to continue to supplement!brbrLove your show Justin! Comment from : @parrotinc

By chance could you show us the numbers on eBay site ? brNot downplaying your numbers but just want to make sure your channel isn’t just trying to get us to sign up to your site! You have good advicebrOr if you have could someone point me in the right video thank you! Comment from : @NEVERxCONTENT

finshed with 900 sales and 45k as a full time student! first ever year reselling Comment from : @jondurand12

Love your videos! Always nice to meet a local fellow Reseller Actually I moved out of St Louis about 10 years ago and now have a rescue farm with thrift shop and eBay store in Linn, MO (Proceeds support the animals) If you’re ever out this way, you’ll have to stop by I get tons of Resellers from the St Louis area I have the best prices you’ll find I buy Storage Unit units and attend Auctions, so much inventory 😊 Comment from : @Wherepigsflyfarm

You may have covered this before, but what do you use to track mileage? Do you have an app for it? I want to track miles in 2025, but don't want to have to keep a paper log Thanks! Comment from : @DragonMomTreasures

Why not Facebook Marketplace? I’ve never tried that Just curious Comment from : @mariannem8419

Hey manjust got serious and subscribed to Flip Wise Think it will be a game changer for me Just messed around last year and grossed a little over 12K Goal for next year is to double that Comment from : @thriftingwithdustbuny

Thanks Justin - answered one of my questions in this video brbr"Hi Justin, I get that you wouldn't give away the trade secrets of your source(s) I am curious how you formed those sources, thanks"brbrI had my haircut scheduled and was going to shave, so I could record a video I rented a tuxbrbrBut "Tell people you're a reseller, and over time, you'll establish sources" THANK YOU And this is such an interesting point Like That's common sense right? But that was a part of this that slipped through my "knowledge or learning or logic" cracks brbrSo a) thanks, that is the answer to the question I had b) you're such a benefit to society sharing actually relevant material to speed up the learning curve of humanity Like it's better than we do whatever it is we do, as best as possible anyway Happy New Year brbrWhen I score my first bulk buy source, because I networked while out sourcingI'll write Comment from : @michipoo

Are you going to do a video that shows your youtube return amounts? Comment from : @brandoncaughron2786

Happy New Year Justin! ❤ Comment from : @kathleenanderson4008

The $10,000 plus that you spent on Shipping Labels was that simply labels or a combination of what you paid for Shipping and Labels? It was the highest expense you had to me its seems excessive if it was for simply labels Comment from : @TreasureHunter-hf9ff

Great work mate, hope 2025 is even bigger and better for you! Comment from : @ThePeninsulaFlipper

Sourcing sportswear from burlington has been so good to me this year Bills and the Eagles need to keep winning hehe Comment from : @Sirnayooo

What program do you use that shows all those graphs and gives you all this info about your overall business Comment from : @soheilasiadate2478

Does your wife have a full time job outside of reselling? Comment from : @PunkRockME

Happy new year to you Comment from : @soheilasiadate2478

would flip wise work if I mainly sell trading card games and sell on TCGplayer? I do sell on ebay as well, but my sell through rate there is fairly low compared to TCGplayer Comment from : @confessions721

Best sell of the year, $20 at an estate sale for Ralph Lauren silverware from the late 90s sold 1250 with a positive review left Comment from : @ThriftedSpirit

Hit the like button 👍 Comment from : @jeffdorris5321

They didn't rent it, they borrowed it lol Comment from : @Littlexlittle

Can you do a video on how to use Flipwise, a deepdive? or do you already have one I purchased and would like to know on a deep level how to use it Thanks Comment from : @kidcryptic8193

Hello there, I been trying to purchase the Flipwise app but I keep getting error at final step?brIs there something I'm doing wrong? Any suggestions Comment from : @azmpena82

Congrats on a great year Been a full time eBay seller since 2001 Gross sales was up 26 over last year and 2024 was my best year since 2018 Ended the year with $1,77786 gross sales and $80144 after ebay fees and shipping Comment from : @gibber10-q7p

Do you have business cards that you give out? Comment from : @helainehoerning2200

About two months ago I found a $300 camera at the thrift store for $5 One month ago, I found a Video tape cleaner for $5 and sold it for $250 plus shipping I know this isn't the normal but as a new seller this has helped give me some extra motivation! Comment from : @keeganwebb5959

Are you hitting garage sales in Chesterfield mostly? Town and County is another good spot to hit up for garage sales, I find great coins and nice real jewelry often in the nicer parts of town Also, lets go blues Comment from : @timsession6736

I worked for 3 months over the summer; 42k total profit Not bad for a side gig for just a few hours a week while my job is quiet Thanks for your videos, they were so helpful Comment from : @MrLuBuFu

Thanks for the breakdown Love the videos!brbrI have a question that hopefully you can answer in one of your videosbrbrMy wife and I sold on eBay back in 2023, but life got busy, and we put eBay on hold It wasn't until the end of this year that we started again In 2023, I believe it was $20,000 in sales before eBay reported sales to the IRS Needless to say, we may or may not have reported our eBay sales as income The problem we have now is that we have over 600 items, with no receipts I understand you're not a CPA, but I would like to know what you would do in this scenario Going forward, I did subscribe to Flipwise to make the booking manageable I look forward to hearing your thoughts Comment from : @daniellittle5516

Admit it It’s more of a jobby than a hobby Comment from : @foxbasealpha

Big drop year over year Comment from : @randycarson9812

That's about what I'm doing just started about a year ago only serious about it last 6 months Kinda fun Comment from : @john-ze7eu

I sell on 4 different platforms; eBay, Poshmark, Goat & StockX Comment from : @nomadxpert

✌🏻💚🙏🏻 Comment from : @SouthernVermontVintage

Goodwill tape recorder is a good example why some people hate resellers Someone donated a $200 item to GW in hopes of helping someone but GW only grossed $5 on it and the item didn't end up with a low income person People are donating to help people but resellers are siphoning of so much of the value It's like the self serve fruit stand People are trusted not to steal Good Will and other charity donors trust only the needy will be shopping there It's understandable why the donors and shoppers are upset by resellers That recorder was meant to help someone like poor college student Comment from : @HarupertBeagleton-dz5gw

This year is the most ive ever made part time and im flipping only clearance burlington clothes 10k gross and 7k in net profits Flipping clearance clothing is so much fun Comment from : @Sirnayooo

Thanks for video Interesting- I spend about 2 hours/week either cleaning used shoes or reorganizing yard sale items, or steaming and providing measurements for clothes or fixing items… Oh well! Comment from : @karentingler4937

What does ROI mean?Thanks Comment from : @spacechief1750

Signed up to your Flipwise the other way, Great Work on it!I love it! Comment from : @CalG1

Nice vid Justin!!! Thanks for all the tips and tricks!!! Comment from : @reynanledesma9580

Thanks, Justin! This is helpful! I started selling casually about a year ago and did fairly well but I am looking to ramp up I was shocked to see it takes you 30 min to list 5 items! I guess that's something to work on Comment from : @ancidoc1

Appreciate you! And this content Comment from : @JackBurton081

Great video Thank you for breaking down your time spent as well Very inciteful Comment from : @ztreggs

Hi Justin I have Flipwise and I have only ever entered the COG for each item Do you enter receipts from thrift stores too? Do you keep track of what you spend at garage and estate sales or just put in the cogs per item? Comment from : @TheBirdingThrifter

HNY, Justin Thank you for getting the Flipwise tax report out so quickly! Great job!! Comment from : @kris_5

Happy New Year Justin! I just started reselling in April and your channel has helped me so much Comment from : @rebeccagross5266

Happy new year and great breakdown! Comment from : @echoerica

Thank you for the great content and motivation! Comment from : @smu7270

I just signed up for flip wise! My account is going to be ecstatic Comment from : @Kylicall

I finished the year with 343 sold items and $25,39921 only started selling in March I am hoping to build on that this year Great work thanks for the tips Comment from : @Pure_Retardium

Excellent! Thanks so much for breaking it all down Your business model is very similar to my part-time FUN hobby Best to you i 2025! Comment from : @darleneakstayawhile427

Great content as always I was ready to be grumpy about yet another youtuber focusing on revenue as opposed to profit, but that wasn't the case, except for the title Comment from : @ChrisNyren

I didn’t realize you had the ledger feature added to the app! I may have to sign back up to calculate my 2024 taxes Comment from : @danizard_tcg

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