Reselling Second-Hand Goods: Maximum Buy Price, Fees, Days to Sell, Inventory Ageing, Lot Buying & Profit per Hour
Run a second-hand reselling side business on numbers, not hunches: the most you can pay for an item, fee stacks, days to sell and sell-through, price drops for ageing stock, splitting the cost of bulk lots and profit per hour spent, with every cell checked as you go.
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About this course
This beginner course runs a fictional second-hand reselling side business in a spreadsheet you can check cell by cell. You work back from the expected sell price to the most you may pay, rounding down with ROUNDDOWN, add up fee stacks of four fictional channels with IF, and turn bought, listed and sold dates into days to list, days to sell and sell-through with DAYS, SUMPRODUCT and COUNTIFS. You sort ageing stock into buckets with IFS and price markdowns with XLOOKUP, split the cost of a mixed box by value, measure profit per hour, include returns and write-offs and build a SUMIFS dashboard with a chart.
Lessons
- Maximum Buy Price: Working Back from the Sell Price Pro
- Fee Stacks by Channel: Percentages, Fixed Fees and Net Proceeds Pro
- The Inventory Log: Days to List, Days to Sell and Sell-Through Pro
- Ageing Stock: Age Buckets, Markdown Rules and Cash Tied Up Pro
- Lot Buying: Splitting One Price Across a Box of Items Pro
- Profit per Hour: Counting the Minutes Behind Every Sale Pro
- Returns & Write-Offs: What They Do to Your Margin Pro
- The Monthly Dashboard: Profit by Source and Category, Best Sources and a Chart Pro