In Episode 79 of 'Pocket Change,' the hosts welcome a special guest, Beard King Picker, also known as Alex. The discussion delves into Alex's backstory in reselling, from starting with his toy collection to moving into full-time online arbitrage with Amazon and now niching down to books on eBay and Amazon. They explore the benefits and challenges of niching down, the process of hiring virtual assistants, and valuable tips on sourcing and listing items. The episode also highlights the importance of maintaining a balance between work and personal life, managing taxation and health insurance for full-time resellers, and the impact of customer service on building a loyal follower base. 00:00 Welcome to Pocket Change Episode 79 00:08 Meet the Beard King Picker 00:54 Alex's Reselling Journey 03:03 Transitioning to Niching Down 04:16 Listing Strategies and Challenges 06:03 Balancing Reselling and Personal Life 07:11 Financial Management and Taxation 08:47 Sourcing and Selling Books 19:58 Weekly Sales and Highlights 29:52 Setting Minimums for Full-Time Reselling 30:32 The Dollar Deals Dilemma 32:16 Favorite Buyer of the Week 33:58 Shipping Challenges and Customer Communication 42:49 Listing Strategies and eBay Algorithms 45:16 Graded VHS Tapes and Their Value 51:12 Final Thoughts and Social Media Strategies
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