Reselling AI is Here & I'VE SEEN IT
People & Blogs
Introduction
Hey everybody, welcome to the channel! My name is Tech, and if you’re new here, I’ve been selling on eBay for over 15 years. At one point, I was the number one seller of pre-owned men's clothing in the entire world, and I have sold millions of dollars online. Currently, I'm based in New York City, having spent some time out in California recently. As always, I love to keep the conversation going with the community, share insights, and help your businesses thrive.
In this video, I want to address a significant topic on the horizon that will likely change the landscape of reselling as we know it. Reselling will not end tomorrow—after all, it’s been around for thousands of years—but it is certainly poised to evolve. I want to share my insights, especially considering the rapidly advancing technology around AI.
The Impact of AI on Reselling
Recently, I witnessed an AI program capable of producing a perfect eBay listing in under three seconds. To clarify, this software can analyze an image of an item, match it with similar listings online, and generate a complete, accurate listing. It identifies essential details including titles, pricing, and item specifics. When I saw it generate a listing for a plaid shirt, which was poorly presented and unbuttoned, I was amazed. Similarly, it accurately identified a clear drinking glass with a single photo – in mere seconds. While the current version is in beta testing, an official rollout is expected by 2025.
So, what are the implications of such technology for resellers? You'll likely see some positive short-term boosts in sales from many sellers, but there are also significant long-term challenges. The ease of creating listings will lead to a flood of similar items—many with poorly crafted titles and incorrect specifics. If everyone can list quickly, the supply will outstrip demand, leading to price drops as oversaturation occurs.
This software will enable bad resellers to easily flood the platform with low-quality listings, diluting the effectiveness of everyone else's listings. For seasoned and knowledgeable sellers, however, it presents an opportunity to scale your business efficiently. You can leverage this AI technology to streamline the listing process, ultimately improving your sell-through rate and profit margins—if you continue to uphold quality in your listings.
Strategic Recommendations
While we face impending change, it’s essential to embrace it and adapt. Quality listings will continue to stand out even in a crowded marketplace. As the platform fills with more listings, creating compelling descriptions and using accurate titles will be crucial to attracting customers. Sellers who prioritize sourcing the best items must continue doing so amid the boom of low-quality listings.
Meanwhile, institutions such as thrift stores and large reselling operations may gain from this new accessibility to automated listing processes. The balance will someday shift, and prices may drop as more inventory floods into the marketplace.
Conclusion
In closing, we cannot shy away from the changing landscape. This new AI has the potential to increase efficiency, but it also necessitates we rise to the occasion. As resellers, we need to ensure our listings maintain a standard of excellence. The AI revolution in reselling is here, and it is up to us to navigate it wisely for a sustainable future.
Keywords
- AI in reselling
- eBay listings
- Pre-owned clothing
- Automated listing software
- Market saturation
- Quality listings
FAQ
1. What is the AI software mentioned in the article?
The AI software is a program capable of creating accurate eBay listings in under three seconds by analyzing images of items and matching them to existing listings online.
2. How will this technology affect resellers?
For many resellers, there will be a short-term boost in sales due to easier listing processes. However, it may also flood the market with similar low-quality items, leading to price drops and increased competition.
3. What is the long-term impact of AI on pricing?
Long-term, as supply exceeds demand due to many resellers flooding the market with identical listings, prices for items are likely to decrease.
4. Should resellers embrace this change?
Yes, resellers should embrace the change by leveraging the efficiency AI offers while maintaining quality in their listings to stand out from the competition.
5. When will the AI software be officially released?
The official full-scale release of the AI software is expected in 2025.