Earn up to $750 in
Your Spare Time or Weekends
Through eBay and Other Online Auctions
Do you have a garage filled with unused furniture,
household goods, broken appliances or outgrown toys and clothes? Maybe your neighbor does,
or your relatives do.
The return to recycling old and used objects is more
popular than ever. There are swap meets and flea markets all over the country where people
buy and sell objects - AT A GREAT PROFIT!
Maybe you know how to repair simple motor-driven tools, or
can refurbish battered furniture. You can turn that skill into money.
Are you clever and somewhat artistic? The market for
handmade crafts is higher than it ever was. Maybe you'd like to make quilts, or candles,
or decoupage plaques become hard cash. Rummage sales are great ways to change unused items
into money. And it's easy. You need to overhead, very little time and effort, and make
pure profit.
Thousands of people are making a solid living from selling
goods on eBay and other online auctions.
These online auction sites are enormously popular. They are
high-traffic web sites that you can begin selling your products almost immediately. Online
auctions have a ready made marketplace for many small business professionals to buy, sell,
or trade products.
This online auction marketplace will generate an estimated
$48.5 billion in sales by 2006 (Forrester Research). In this marketplace, the big guy on
the block is eBay. It's among the most-trafficked of all sites on the Internet. Its
closest competitor, Yahoo! Auctions is about only half its size, and Amazon.com Auctions
is at a distant third. There are a number of other specialized online auctions that you
find a ready made marketplace for your products.
In addition, the major online auctions have a
"storefront" option within their site for individuals to setup a virtual store
to sell products.
Will Your Products Sell?
The fact is that almost anything can be sold through an
online auction. In the world of collectibles, the best-conditioned items, the rarest
items, the most sought-after items sell the best.
How does that apply to your small business products? You
may have a lot of competition locally selling your same product line. However, your
products may be hard to find or sought-after in another part of the country or world.
You know your products better then anyone. There is a basic
fact that people shopping online auctions are looking for bargains and deep discounts. You
know the products cost to you and their fair market value. Can you cover your cost and
make a small profit to move your products outside of your locality. With an online
auction, geography does not matter, you can ship anywhere in the world. If your products
are only available in a rural area (i.e. - Vermont hand-crafts), would your products do
well with people living in a urban area? The reverse may be true if your products are not
available in rural areas.
Listing Options
How do you sell your products? Auction sites typically
offer a variety of listing options for you to choose from, including:
1. Regular Listings: The basic listing, you pick your
category and your products gets listed there. While this is the most common (and really
the least effective) way to list your products, you should definitely start with this
option. You want to see the level of interest in your products before you decide to spend
money on featured listings.
2. Reserve Price Auctions: If you place a "reserved
price" on your item, it means that you have specified the amount at which it should
sell. This is done to prevent "auction sniping," which happens when bidders lay
low until the very last moment, then grab your item without starting a bidding
competition. Reserved Price Auctions can be to your benefit, but they may discourage
bidders who are looking for bargains.
3. Dutch Auctions: These are one of the best ways for
people selling in quantity to place their products, because you can list multiple
identical items at once in each auction. However, on eBay you must have a "feedback
rating" of 50+ and you must have been registered for more than 60 days before you can
choose this option.
4. Featured Items: In most of the larger auction sites, you
can get your item rotated through the site's homepage as well as listed in the
"featured items" section for about $20. For about $15, you can have your item
appear in your category's "featured items" section, or simply at the top of the
list. You can also have your photos displayed in a gallery for only about 25 cents, or
featured as a large photo at the top of a gallery for about $20. You also have the choice
of listing for 3, 5, 7, or 10 days -- and, of course, you always have the option to
re-list at the end of this time. The standard option is a 7-day listing with an automatic
re-listing for a specified period of time.
Choose Your Category
Explore the product categories on the various auction sites
to broaden your perspective of what goes where -- you definitely want to be specific, but
you don't want to limit yourself.
While you are doing this, check out the competition in
different categories and have a look at how much bidding is going on. The very best way to
decide which category your products should be listed under is to do a search on similar
and related products, determine which ones sell best, and see which categories they are
in. You will usually be able to pick one main category and one sub-category -- use this
method for both. Check to see how easily your products can be found using the site's
search tools before you settle on a category.
Do not try to gain more exposure by placing your products
in unrelated categories. Your online auction site will probably close your account if you
do.
Create Your Listing
Once you've decided how and where to list your products,
you need to turn your attention toward selling it. That means you must be able to write a
strong ad for your products.
Think about your target market.
Who's going to buy your products and more importantly --
why. You need to grab their attention and motivate them to buy. Start with a good title.
It's really important that you're specific: instead of saying just "Flashlight"
in your title, say "Maglite Solitaire Flashlight."
Don't assume that your bidders will understand you -- make
everything as clear as possible for them. And make it as exciting as possible. You'll
probably have to pay a bit more for special formatting like bolding or highlighting (one
to two dollars), but these can be a good way to grab the attention of potential buyers.
Use exciting and convincing words that draw the buyer to your item: "Unique Slim-Line
Travel Alarm Clock."
The same techniques apply to your product description.
Expand as much as possible on your product -- obviously, there's only so much you can say
about a digital camera. However, before listing camera's capabilities, let the prospective
buyer know that the camera, "Makes Digital Photography Simple" or that it
"Takes the Perfect Photo Every Time".
Add your own personal story about your product. Include
your specific motivations for using your product. Think about other ways you can motivate
your bidders, can you provide money-back guarantees, free shipping, or a bonus products?
Tell them what you have to offer! And don't forget about photos! People don't want to buy
what they can't see, on average, listings that include a photo sell for about 10% more for
the same item that is not accompanied by a photo. Make sure that you are NEVER dishonest
in your product descriptions. You will never have any repeat buyers and you may get kicked
off the auction site.
Establish Trust
The best way to establish yourself as a trustworthy,
reliable seller in an online auction is by having a good feedback rating. A feedback
rating is a listing of customer comments, rated as positive (+1), neutral (0), or negative
(-1). If you are not trustworthy, your feedback rating will warn other buyers to stay away
from you. If you have a positive rating, you can increase your sales by as much as 7-9%
(and this number will steadily increase as the feedback rating system catches on).
Ask for feedback from your buyers whenever possible. Most
auction sites make it easy for buyers to rate and offer comments on your service. Not only
do you want to build a positive rating, you also want to show a large number of responses
in order to establish yourself as an experienced seller.
People usually do not shy away from someone new to online
auction selling. To ensure that you get a good feedback rating, make sure you always: list
shipping costs (or additional costs) up front, deliver your products right away, deliver
exactly what you've advertised, answer all buyers' questions immediately, and always
follow up with great customer service.
Other Outlets
Another option is to sell locally at church bazaars, school
fairs, or crafts shows that occur seasonally in your area. Fall and Spring festivals are
great places to sell everything from handmade dolls to recycled lawn mowers.
Are you ready to turn stored potential into real money?
Just review some of these tips and you'll find you can make more money than you could ever
imagine from seemingly worthless objects.
You can acquire furniture and fixtures from basements and
garages; you can scout for throwaways; or you can offer to take away what people don't
need.
Household goods, appliances, cameras, bicycles, tools,
baked goods - you can sell any useful object. You can sell surplus goods, irregulars, or
nostalgia items. Antiques, or course, are always marketable.
Homemade woodcrafts, leather goods, photographs, postcards,
stamps and coins all sell quickly and at a good profit. Think about what you have around
the house. You probably have a whole truckload of things you'd like to get rid of. Why
throw them away? Turn them into cash for the things you'd really like.
What can you make? If you think about it, you know how to
create things that can sell. What about making jewelry, wooden boxes, or working with
shells? Walk through a crafts fair and see what's selling. And those prices have built in
profit. With a little ingenuity, you can make anything sell.
Get Involved
Selling used goods and handmade objects can be a great
family business. Swap meets and craft shows are friendly, communal efforts, where
everybody is making profit from leisure.
Younger and older members of the family can help refinish,
clean up or fix objects to increase their value. And, almost anyone can run a small stall.
What better way to make money than out in the fresh air and sunshine?
Generally, rummage or garage sales are not long-term
endeavors. They're for getting rid of unused, stored, or old items not of value to the
owners. But they have great value to other people - you'd be surprised.
Swap meets or flea markets usually are long-running
enterprises, often only on weekends. They are on special empty lots, in parking lots, or
in stadiums. They are professionally organized and supervised by a small group or
individual, and require a fee to participate.
Craft shows are generally seasonal, and craft presenters
travel long distances to set up in the fairs. But they are excellent places to sell high
quality art and crafts at good prices. And don't forget the fast-selling items for a
couple of dollars.
At a Swap Meet
Start with going to a swap meet, find out what sells and at
what prices. You can find them advertised in the newspapers. Check the yellow pages or ask
at a local store that sells used goods.
If you're going to buy something in particular, be sure to
bring a tape measure or rope if you need to tie something to the top of your car. Check
retail prices for what you're looking for so you'll have an idea of what the objects are
worth. And never give the price asked. Always offer less.
Take a look at the type of people that are at the meet.
Talk to booth sellers and find out how much they sell. If others make a profit, you can
too. What things sell best?
The Art of Buying
The most important aspect of buying and selling anything is
the price. KNOW YOUR PRICES. You might start with a certain type of goods such as
furniture or used appliances. Check with other stands to see how much things sell for.
Look in the newspapers to see how the new items are priced.
You can respond to ads in the newspapers to see how much private parties sell used objects
for. Even pawn shops will give you a good estimate on the selling value of things.
The best time to shop at a swap meet is early - just as it
opens. If you're the first sale of the day you'll get a better deal. Or, just as the meet
is closing is equally good. People are reloading items to take back home; often any
reasonable offer might be accepted, especially if it's for a group of things.
Depending on what you want to buy, you have to know good
craftsmanship or whether or not something can be fixed. They key to buying and selling is
to buy cheap, and sell at a profit. So you need to know what can be turned around into
profit.
A genuine antique must be at least one hundred years old.
But period pieces can be very valuable if you know how to recognize them. Get to know what
things are worth. You have to be able to tell the difference between value and junk.
Sometimes appliances such as vacuum cleaners, toasters, or
small hand tools can be easily fixed, cleaned up and resold at a profit to you. But you
have to know if you can fix it. Always bid low. Often you can pick up something for fifty
cents, a dollar, or two dollars, that you can turn around and sell for ten. You should be
able to judge the seller. Has that person been a longtime regular at the swap meet? Then
you may not get far. Usually, new people who are just unloading old things will be happy
to make a few dollars and get rid of those things.
If the seller won't accept your low bid and you're not
willing to pay more, go ahead and leave you name and phone number. You'd be surprised how
many will call back because they couldn't get the price they wanted.
Buying in Lots
Go to your local manufacturers. They always have scraps,
leftovers, and close-outs that you can pick up for a good price - even for free. You may
be able to recycle scraps into something else. For example, fabric scraps can be made into
quilts or pillows. Leather scraps can be made into clothing, bags and belts.
Sometimes a manufacturer may have produced a bad run of
some item that can be sold to you at rock-bottom prices. Irregulars are easy to pick up
and sell at a profit.
You may be able to pick up unclaimed items from cleaners.
Government surplus, police auctions and liquidation companies are great places to get good
items at low prices. Perhaps you can tap into the rental companies that sell after the
items are no longer rentable. Or check with contractors who demolish buildings. You may be
able to take out the light fixtures or things left behind.
And never forget the TREASURE OF TRASH. Start with the
high-class neighborhoods. Often suburban towns may have a cleanup week in the spring and
fall. Or check with the local sanitation department and look at the things placed at the
curb the night before pickup. The again, there's always the junk yards. A few hours in a
good yard will produce lots of fascinating objects that can be put to good use elsewhere.
Recycling
Buying something old or used, fixing it, and selling it is
the heart of recycling. Making something useful from a broken discarded object is not only
profitable, but it is an extremely worthwhile thing to do.
There are dozens of things that have a high resale value
and are the major recyclers. Sewing machines, typewriters, cameras, televisions, bicycles
and tools are great things to recycle.
You may be able to pick up broken objects at a rummage
sale, in a neighborhood's attic, or in your own garage. You could even pay a low price for
the object at a swap meet.
Anything with a simple motor or electric mechanism can be
easily repaired if you know a bit about appliances and electric objects. Often only a
simple part is broken or missing. You can find replacement parts by getting in touch with
the manufacturer or local hardware stores. Some people choose one type of item, such as
cameras or sewing machines and deal only in that item. You people are interested in
repairing bicycles, wagons, or toys.
Hand and power tools are great objects to recycle. They're
always needed and are easy to fix and repair. Perhaps something needs a new handle, or
prongs need to be bent back. Maybe you can find a replacement head or spring. You may need
to take off rust, oil the gears, or polish the surface.
What's the best way to make a broken or old object look
new? A coat of paint does wonders for almost anything. Be sure to clean it up first, and
paint it only in conservative colors. Bright objects have a limited demand.
Know what the objects are worth. Buy them for a little
money, fix them for a few cents, a replacement part, or a coat of paint, and sell them for
less then they cost new. You've made a good profit and you're well on your way to making a
steady income.
Refinishing
One of the most popular items sold at swap meets is
furniture. Chairs, desks, dressers, TV stands - all have a selling value. Bur many need to
be fixed up to get a good price. The upholstery may be torn, or a coffee table surface may
have burns. End table and desks often get water marks and spots.
Take a look at the furniture you have. Determine what it's
made of and how it was finished. Sometimes it may not be worth the time and expense to
refinish, but often you can turn a used piece into a showroom ideal.
Remove dirt and wax by cleaning. Wipe the surface with
turpentine, mineral spirits or wax remover. This will show you where the real problems
lie.
Maybe a chair needs to be re-caned, or a child's dresser
could use some bright decals - there are many ways to fix up old furniture with little
effort.
Sometimes you can make patches, bleach out stains, re-glue
loose joints or cracks. New handles or drawer pulls will spruce up a useful piece of
furniture.
If the piece is already painted, you might scratch a spot
from underneath to determine if it's hardwood. If you know furniture and are good at
restoring, you may remove the paint and refinish. If you're not so versatile with wood,
you can repaint.
But don't repaint a piece of wood furniture that has never
been painted. You could ruin it. You'll be better off refinishing it to increase its
value. You can determine if the surface was finished with shellac, lacquer or varnish, and
you can do spot touch-ups and repairs.
If you refinish, you may need to strip the surface of the
coatings already on, and re-stain and varnish the piece.
I'll Take it Away
Did you ever hear somebody say, "I'll pay them to take
it away?" Perhaps a member of your family who's tired of the piles in the garage or
shed wants to clean up. Or maybe a family is moving and doesn't want to haul everything
cross country.
You can cash in on others' castoffs. A good way to let them
know you're there, is by placing ads, in the local newspaper or recycler magazine. It can
be a blanket statement like, "I'll haul your junk," or "I buy used
household goods." Or, you may deal in only one particular item, such as "I buy
used cameras."
Leave yourself plenty of room to refuse to take things of
little value, or be prepared to quote a hauling and dumping fee. Set up a time to inspect
the goods being offered and don't commit yourself until you are sure of their true value.
You may need a pickup or a van to transport large objects.
With every load of goods, you'll have some treasures and
some worthless stuff. Although almost anything will sell, you can have an agreement with a
dump or recycling plant to take what can't be salvaged and profited by.
Creative Crafts
One of the most rewarding and profitable ways to make money
in your spare time is with crafts. You can often get materials at cut-rate prices and use
them to create beautiful handmade objects that everybody wants to buy.
Start with the easiest, inexpensive items first. Take a
look at decorating magazines and handicraft books for ideas and find the simple, low-cost
instructions that require no expertise and little equipment.
If you have many sources for castoff items, you will want
to consider recycling and making new from old. You can cut old bottles to make vases or
glasses. Or, you can make lamps from bottles or any object that will fit the electrical
switch and cord.
Rug hooking and braiding are good ways to use up lots of
fabric scraps and discards. They're something you can do in your spare time - even in
front of the television. For those who are good with woodworking: wooden boxes, cutting
boards, stationery racks and spice holders sell fast at the craft shows - they're
wonderful presents.
You might be interested in needlework. Crocheted aprons,
appliquéd dolls, needlepoint pillows are always good items. You can make a high profit
from handmade quilts or Afghans. What about plants? House plants in unusual planters are
clever items and go quickly if they're reasonably priced. Dried flower arrangements draw
attention if they're well done and in nice-looking holders.
And don't forget ceramics. They're ever-popular at crafts
shows and can be put into any practical use. Not only can you sell cups and saucers, but
vases, pitchers, and bowls go quickly too.
You can make clocks out of any object. Clock kits are not
expensive and can be mounted on stone, wood, plastic or fabric. Think of what will sell.
Watch the craft fairs and check prices. How can you make a profit?
There are thousands of objects that you can make at home
with very little effort. And these produce a high profit. You can make jewelry, handbags,
bookcases or candles. At craft fairs, even paintings, photographs and original design
stationery are popular. What are you good at doing? Are there crafts you always wanted to
get into? Maybe you constantly make small items that you give away at Christmas, like
potholders, or birdhouses, or macramé hangers. And everyone you know has one. Why not
take them to market?
Be careful about pricing. Often crafts in the shows are of
excellent quality, but they demand an equally high price. If you need to price your items
high, carefully consider the wealth of the buyers.
A good way to make money fast is to create dozens of small,
two or three dollar items. You can set them up on a simple folding card table with the
price. Sometimes people will buy a small item on impulse because everything else is too
expensive.
Consider the difference between the practical and the
pretty. Crafts sell because they can be used, rather than hung on the wall or stored on a
shelf. Practical items are easier to sell. Craft fairs are not the only places to display
and show your goods. You can set up and sell them at swap meets, church bazaars, or even
on street corners.
Go ahead - try it. Make some homemade toys or Christmas
stockings or leather bags. You'll find it enjoyable as well as profitable.
Letting People Know
Advertising can be an inexpensive way to sell the objects
you've recycled. You might use a leader ad, which is a short line about an object for
sale. For example, "Typewriter, $75.00. Private party, and phone number." If you
buy and sell typewriters, this "lead" will produce a call, then you can find out
what the person is looking for. In fact, this ad will bring in many calls, and you can
sell several typewriters.
A single headline is better to use than plural. If, for
example, you used the word "typewriters," it gives the impression that you're in
business and wouldn't offer a bargain price. You can photocopy flyers to post on bulletin
boards in colleges, churches and factories. Perhaps there is a local organization of, for
example, camera enthusiasts. You might find out who's the group leader and send that
person a list of what you have to sell.
An economical way to advertise a rummage sale is by having
the local newspaper deliverers place a flyer with the papers. This will bring neighborhood
responses. And, of course, you can always put small ads in shop windows, at supermarkets,
or even tide to telephone poles. Consider what you are selling and how you can reach those
people who might buy. You may even be able to use a small display space in a store
appropriate to your items. Anything sold would be at a profit to the storekeeper and to
you.
Holding a Rummage Sale
You've already cleaned out the attic, the basement, the
garage and the shed. You've done the same for all the relatives. And, you've asked your
friendly neighbors for their things, or if they'd like to participate. Now what?
Choose a good time to hold the sale, and an alternate date
in case it rains. Usually, you'll only need to advertise by placing a few signs on
telephone poles in the neighborhood with arrows and the address.
Even if you think you have a lot to sell, use only one
date. If you don't sell it all, you can change your signs and have the sale to continue
the next day, or a day on the following weekend. Consider the value of the things you have
to sell, and how important it is to get rid of them. Sometimes people who want to move or
liquidate their property will sell at almost any price. Here's a good time to buy. But if
you can't get the price you feel the object is worth, don't sell it. You may get the
higher price later, or save it for next year's sale. Although you should always ask a very
low price when you are buying used goods, ask a fair price for selling. But be prepared to
lower it.
If you have the sale on your front lawn, create perimeters
so people don't wander into your home. Be sure someone is always available to take care of
anyone looking at the objects you displayed.
There is an excellent market for everything, but few people
will pay for worthless things. Sometimes an old vase may get a couple of dollars, but
often it may be worth only a token quarter. Don't expect to collect much from old
memorabilia unless you know it has a good value.
Reselling
You're ready to give swap meets a try; you have some items
of value to sell. You'll need to find out who is running the meet you want to join,
register, and pay a fee to be part of the market.
Get there early - before it opens - to set up at a good
spot. Regulars move up to prime locations. Take a look at the spots available. Where are
the good places? Keep in mind that you want buyers. Sometimes a front-door center stop
brings the largest number of lookers, but be sure the aisle is wide enough for people to
stop and talk with you about what you're selling.
You might want to do something to attract attention.
Balloons or crazy hats are noticeable. Performing a crafts demonstration will also draw
people towards your space.
Once people are looking don't let them walk by. See if you
can help them find something, or at least pay attention so they know you're interested in
them. Try a casual approach of mentioning some good points about the objects displayed.
If you know the full value or your objects, don't sell for
less. As you build up your knowledge of handling used goods, you'll know that people will
pay a fair amount for what they want.
As a novice, don't get taken by the regulars. They'll try
to hit you up as soon as you unload your items. If you're unsure, don't take low offers,
wait until you get better bids later in the day.
Depending on what you're selling, you can have anything
from a folding coffee table to a mobile truck. You may need to just stake an area with
poles and ropes. Perhaps you want to raise a canopy to keep the sun out. More professional
swap meet dealers have portable booths to display their wares. What image do you want? If
you're selling jewelry, you'd like a stand with a black velvet covering, something a
little classy to show the value of your items. If you're selling clothes, you may invest
in some racks to make it easy for potential buyers to look through the goods.
The real tips in buying and selling used goods at swap
meets are learned by attending them. You may be able to make friends with some people who
sell what you'd like to learn about. Perhaps you might volunteer to work a few weekends so
you can learn about the business.
Selling from Home
As a craftsperson, you may carry on a continual business,
selling at fairs and on weekends. You can sell objects out of the home.
Any ads you place in the newspaper should look like you're
an amateur, or just trying to get rid of a few objects. Bargain hunters shy away from
on-going businesses.
However, you might run a small shop out of your garage or
off the back enclosed porch. Some people have kilns and offer ceramics classes from the
barn in the back yard. Potential buyers will like the homey atmosphere and will think
they're getting a good price because it comes from the source.
Or, you may do wood-crafting from a basement shop, creating
beautifully carved or hand wrought items. Seeing a shop might bring more of an impulse to
buy. What better feeling is it than to get something from the person who made it?
However, other things may be best kept in the back, under
wraps. For example, maybe you purchased a lot of five dozen lamps, irregulars from the
factory. You were able to fix whatever was wrong and made them of no commercial value. If
a customer saw the whole stock - dozens of identical lamps, that person would think it was
such a bargain.
Selling from your home can be as solid a business as if you
rented a storefront. You'll want to build up steady clientele, and have referrals. If
someone wants several items, give that person a special price. Anyone returning time and
again should get a discount. Good business builds better business.
Use your discretion if you have a repair shop such as
typewriters or sewing machines. Sometimes it is better to display the many choices
available; sometimes it's better to just have a few and then pull out more from the back.
Depending on the person, you might find that being
reluctant to sell such a wonderful object will push for a sale. Other people need to be
convinced about a good deal. Again, if you know comparative prices for the same items new,
you'll have better selling points. It's good business to offer a limited guarantee with
mechanical or electrical objects. A thirty-day free repair warranty will often clinch a
sale. And if you've already fixed the appliance or hand tool, you would know that it would
work.
What's Legal
You are required by law to report all income. But in the
business of buying and selling, you have so many deductions you can legally take, that
most of your earning are profit.
If you keep all the receipts from the objects you bought,
and all the receipts for the items you needed to fix up or repair these objects, you can
keep a fair and accurate account of your activities. A professional accountant at year's
end will be worthwhile. You'd be surprised at how much you can deduct.
If you become a regular at the sway meets and crafts fairs,
you'll need to get a vendors permit and report the state sales tax. You can check with the
directors of the meets to find out the requirements for your enterprise.
What's the Profit
If you've given it a try, youll see that you can make
a sizable profit with selling used goods. If you just run a rummage sale, you don't need
to keep accurate records. But if you continue the business of buying and selling, you'll
need to keep track so you can tell what you are making.
Keep a record book or sheet that has five columns. In the
first column, write down the name of the object. The second column should be the date you
brought the item; the third lists the price you paid. The fourth column is the date you
sold it; the fifth column is the price.
The comparative dates will show you how quickly your items
are selling. This is helpful to determine which objects sell best. The difference in the
prices will give you the amount of profit. If you figure in the cost of transportation,
and the cost of fixing the items, you'll get the amount of clear profit you've made. Not
bad.
How much time are you spending? Keep track of the time
you've spent in acquiring this profit. Divide these hours into the amount of profit.
That's your hourly rate. How can you increase your hourly rate? The more work you
accomplish, the more you'll make. But look for ways to do several things at once - to
increase your profit. While you're at a swap meet or crafts fair, you can work on your
crafts or be fixing and repairing as you mind the stall.
Especially with handmade items, think of ways you can
profitably mass produce, making large quantities simultaneously rather than one at a time.
The goal of these enterprises is to make money from the
time and energy you put in. And if you plan well, YOU CAN PROFIT.
Make Money Now
The quickest way to get instant cash is to hold a garage
sale and unload all the unused, stored or broken objects in the house. You can hold it
next weekend, and, if you're like every other household in America, you can make hundreds
of dollars just from castoffs.
Swap meets are the best ways to continue buying and selling
items at a good price. To create a good situation for yourself, get to know what happens
at the swap meets. Go to all of them in your county, your state, or in the neighboring
states. Which ones sell high quality merchandise?
Talk to people who sell at those meets. How long have they
been in business? What kind of profits do they make?
It is essential to know prices and the true value of used
and refinished objects. How much do new ones cost? What is the market price? The most
important knowledge you'll need is how much things are work. Sell at the highest price the
market will hold.
You'd be surprised how little people know about how much
things cost. Sometimes they buy things at a swap meet, thinking they got a bargain, only
to later read an advertisement to buy a similar item for less. Don't get taken yourself.
Create your own territory. Make contacts for picking things
up and selling them. You might have a relationship with stores selling used items.
Although you will never get as high a price as you would at a meet, you'd be sure to
unload hard to sell items.
At some point you may even consider a retail outlet. Dozens
of used furniture stores also work at the swap meets on weekends. And these meets are a
good place to find things to stock these stores. |