So I watch this guy on YouTube sometimes. He lost his office job during Covid and turned to "reselling" to bring in some cash at the time. Eventually he became so successful at it that he didn't bother trying to hunt for a real job again, and his wife even quit her job to join him full time.
I liked the concept. He'd comb through thrift stores and flea markets looking for hidden gems. He'd clean things up, take nice photos, and list them on eBay. It made sense. If a buyer is after something specific, hunting through Goodwill stores is like trying to find a needle in a haystack. He provided a valuable service of categorizing something otherwise chaotic. And everybody in the chain made out well. The thrift store / flea market folks sold their junk; the end buyers got something they really wanted; and this reseller guy got to keep the difference for his trouble. Win-Win-Win.
But lately he's been doing a lot less with eBay and a lot more on a live auction site called WhatNot, and it really illustrates to me that some people are VERY eager to spend some money and care VERY little about what it is that they're purchasing. He has a wide variety of items in his auctions -- everything from clothing to coffee cups to toys to collectibles to home decor and more. How does a buyer participate in an auction like that that's so unfocused? If I need to buy something, I'm looking for something specific -- it makes no sense to sit around and hope that one of the random things he happens to be selling might meet my needs. Maybe if I wanted to give someone a gift and was looking for inspiration on what to select, such a format might be appealing, but even so it just seems unfocused.
But he does really well with it -- that's why he's doing it so much more than eBay lately. I just can't understand the mindset of his customers: hordes of people showing up to his auctions, money in hand, ready to buy something, anything, without really caring what it is.