
Hey everyone, hope your day was a great one! Today I want to talk about one of the easiest ways to get your home business started. I will show you how to make money with the things around your house that you don’t want anymore. Even how to look for things at a yard sale or flea market. Everyone has junk in the cellar, attic, or spare room they don’t need anymore.
The best treasures are the ones stored away in your house that you forgot about. Years later something that was worthless could be worth more than your house. I am sure you heard the recent story of the guy that went to sell his old toy and found a 1 million dollar sculpture in the box. His father gave it to him as a present when he was a kid.
That’s why yard sales and flea markets are potential gold mines. People never really know what they are getting rid of now-a-days. It may look worthless, but an experienced eye can find any treasure. I have been scouring flea markets and yard sales so long that it is like second nature to find an item worth buying.
Everyone has a treasure or two in their house they don’t realize they own. The item is only worth as much someone is willing to pay for it. Most collectors will pay a small ransom for an older, hard to get, item.
The things to look for are;
How old is it? Older than 30 years and its worth buying.
Where is it from? Anywhere out of your own country will be worth more than if it was made in your own country. (Imports bring more money)
Can you make 100% profit or more if you resell it? If you buy it for 5 dollars and can make 10 or more to resell, it’s worth buying.
Is the condition good? This is the best way to talk anyone down from a high price. If the condition is not so great, you can get it for a lower price. Talk the seller down if you think you can make money. If the seller doesn’t have a personal attachment to the item then they won’t be asking an outrageous price anyway.
Is it a popular name brand you recognize? Not all popular name brands sell well. But most collectors’ look for things by the name brand. If the item has a name brand, note it along with the model number and look it up online to see what it would resell for. This may only give you a ball park figure, but it’s a start.
Is there a famous person involved with the item that has passed away? Sadly, most items sell for a lot of money if the person in question is not with us anymore.
Does the item have potential to hold on to? If you think the item may have potential to sell in a few years and you have the room to store it. This may be a great time to store away an item. I remember back in the day I bought a Mike Jordan Fleet rookie card at a yard sale for $15.00 the first year he ever played in the NBA. I resold that card years later for over seven hundred dollars!
Is it selling so cheap you can’t resist? Sometimes an item sold at a yard sale or flea market can be so ridiculously cheap, you will know you can make money to resell it. We are all familiar with the value of certain things that others are not. This may be your area of expertise.
These are just a few questions you can ask yourself. It’s important to get a round about idea of what an item is worth to buy and resell. It does take a little experience. So get out there; look in your house, yard sales, or flea markets. There are always ways to make money with other people’s garbage. There are even ways to make money with your own garbage.
Look around the next time you clean your house. Maybe spring cleaning can open a new doorway for you in sales. I try and preach how important it is to sell used items over new items. People will pay top dollar for an item that still works as good as the new one. People will also pay top dollar for an old item that doesn’t work. There are collectors for everything!
Auction marketplaces and classifieds are the best places to sell used items. You will hit the widest range of collector’s if you go this route. Any item has a resell value if it is used. Learn the prices they resell for and you can adjust your buy price offers accordingly.
Thanks for reading my blog everyone. See you tomorrow. Let me know if you have any questions.
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By Matt on Jun 3, 2008 | Reply
This is working great for me. I just bought a bread maker at a Yard Sale for $17 and sold it on an auction site for $50. The seller at the Yard Sale had used it once.
By LisaPage on Jun 4, 2008 | Reply
That’s great to hear Matt! I am happy things are picking up for you. Thanks for the comment.
Lisa