433: Why Overpaying is Killing Your Reselling Business"

In this episode, Mike and Orlando dive deep into the importance of keeping costs low in reselling and how your cost of goods (COGs) can make or break your business. They discuss practical strategies for sourcing low-cost inventory, avoiding the psychological traps of overpaying, and calculating total costs to maximize profits. The hosts also share incredible Hustles of the Week, including a $1,000 sale of a WWII Coca-Cola lithograph, a bulk electronics flip netting over $6,000, and a $140 sale of a vintage ergonomic mouse. Tune in to learn how savvy sourcing and smart pricing strategies can lead to reselling success. Whether you’re a seasoned reseller or just starting, this episode is packed with actionable advice to help you grow your business. Don’t miss it! Join the Discord and Partner with us via Patreon: https://www.patreon.com/purehustlepodcast Sign Up with MY RESLLER GENIE with 15% off your first month for the best bookkeeping geared for resellers by using the link below and USE OUR CODE “PUREHUSTLE” all in caps: https://www.myresellergenie.com/?ref=purehustle Get a free $15 on Whatnot by using the link below: https://whatnot.com/invite/purehustlepodcast Get that Skullshaver using the link below and our code "Hustle": https://skullshaver.com/discount/Hustle?rfsn=6980222.2cfe107&utm_source=refersion&utm_medium=affiliate&utm_campaign=6980222.2cfe107 Purchase bubble wrap from the best deal available ANYWHERE: https://www.americanbubbleboy.com?sca_ref=650095.KTEipe5MI4&sca_source=YouTube