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Reseller Terms and Acronyms You Should Know
When writing the Flip Weekly newsletter or recording the Flip Weekly Podcast I’m often using words and phrases that are commonly spoken in the reseller community. It was only recently that a listener wrote in saying “You always say ‘comps’ and I don’t know what you’re talking about”. It hit me that not everyone lives and breathes reselling like I do so I felt it best to explain some of the most commonly used reseller terms and acronyms.
General Terms
| Term | Description |
|---|---|
| BOLO | Be on the lookout. Trendy or highly profitable item. |
| Comp(s) | Similar active or sold listing price of an item. |
| Death Pile | Unlisted, unsorted inventory. |
| Flipping | Buying an item cheap, reselling for a profit. |
| Grail | Rare, highly sought after item. |
| Inventory | Your current stock of items available for sale. |
| Lowball | When a buyer sends you an extremely low offer on an item you’re selling. |
| Picked Over | The good stuff has already been bought. |
| Profit | The amount you earn after subtracting your costs and fees. |
| ROI | Return on investment, the percent of profit made compared to what you spent. |
| Sourcing | Finding inventory to sell. |
Marketplace & eBay Acronyms
| Term | Description |
|---|---|
| BIN | Buy it now. A fixed price listing as opposed to an auction. |
| BNWT | Brand new with tags. |
| CIB | Complete in box, no missing items. |
| HCDJ | Hard cover, dust jacket (books). |
| HTF | Hard to find. |
| INAD | Item not as described. |
| NIB | New in box. |
| NM | Near mint (condition). |
| NOS | New old stock. |
| NWT | New with tags. |
| NWOT | New without tags. |
| OOP | Out of print. |
| PB | Paperback (books). |
| SKU | Stock keeping unit. |
| TPB | Trade paperback (books). |
| VGC | Very good condition. |
| VTG | Vintage. |