Why You’re Struggling to Make Money Reselling (and How to Fix It)
If you’ve been complaining about slow sales, the eBay and Poshmark algorithm, or even the economy, I’m here to give you a hard truth you might not want to hear: The problem isn’t the platforms or the economy—it’s YOU.
Before you slam your laptop shut, let me explain. Yes, external factors like algorithms and global events affect your business. But here’s the ice-bucket moment you need: You can’t control those things. What you CAN control is how strong your business is, how well you’re prepared to weather the storm, and what actions you take to ensure long-term success.
So, are you running your reselling business like a well-oiled machine? Or are you just winging it, hoping for the best? Let’s dive into three key questions you need to answer to make 2025 your most profitable year yet.
1. Do You Have a Clear, Measurable Goal?
Let’s be real: Without a specific goal, you’re driving blind.
Your reselling business needs a purpose. Are you saving for a new car, paying down debt, or building a full-time income? Whatever it is, your goal must be specific, measurable, and actionable.
For example, instead of saying, "I want to make more money," try:
“I want to earn $5,000 in profit this quarter by increasing my average profit per sale.”
Once you have your goal, break it down into smaller milestones. These “checkpoints” will help you measure your progress and adjust your strategies.
2. Do You Have Strong, Repeatable Systems?
Success in reselling isn’t about luck—it’s about systems and data.
- Financial System: Do you track your profit, expenses, and cash flow regularly? If not, you could be losing money without even realizing it.
- Operating System: Is your day-to-day process efficient? From listing to shipping, streamline everything.
- Sourcing Strategy: Are you buying what sells or what’s “fun” to thrift? Data should guide your purchases, not your emotions.
- Pricing Strategy: Are your prices competitive across platforms like Poshmark, eBay, and Mercari?
Think of it this way: If you had to step away from your business tomorrow, could someone else take over seamlessly? If not, it’s time to implement systems that can work without you.
3. Are YOU the Right Person to Run This Business?
This one’s tough to hear, but ask yourself:
If you were hiring someone to run your business, would you hire YOU?
Being a great business owner means knowing your numbers, staying organized, and making tough decisions. Are you making excuses for slow sales, or are you taking ownership and strategizing solutions? It’s time to step into the CEO role and run your business like a pro.
Why Now Is the Time to Act
The reselling industry is growing, but so are the challenges. Between economic shifts and changing algorithms, this is the most important time to get your business in order.
Are you ready to face 2025 in a patched-up boat, or are you building a high-speed, wave-piercing machine that’s built to last? The choice is yours.
Take Control of Your Reselling Business Today
The good news? It’s never too late to get on track. Whether you’re reselling designer items on Vestiaire Collective or flipping thrift finds on Poshmark, success starts with you.
Ready to dive deeper? Check out my GCC Business Dashboard PRO or explore my 2025 Business Planner to get started.