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Making Money Reselling Garage Sales and Thrift Stores Items

Sep 9, 2008
You can make money reselling items you purchase at thrift stores and garage sales; you just have to know a few things to make your entrepreneurship profitable. A great deal of items on Ebay are just that - cheap things the person bought and is reselling. However, Ebay is not your only option for making money. There is a wide range of choices for resellers.

Thrift store versus garage sales - which are better? Garage sale markups are not as high as the thrift store, and you can find more items that are "like new." The other benefit of a garage sale is that you can haggle with a seller; thrift stores are less likely to let you ask for a price reduction. You do, however have to watch out for sellers that have emotional attachment to their items. While the vase given to them by their grandmother may have sentimental value, that does not affect the actual value of the item.

Make sure you know your local market. Not everyone likes the same thing, but you can identify top selling items in different categories. For instance, if you are buying books, go to an online book store and review what their best sellers are. Sometimes, you will buy something only to find out that you can't sell it for more than what you paid because there isn't a market for the item. That's okay, as you will most likely make up for the breaking even on something else you sell at a profit. Buying and selling is a little bit of a guessing game mixed with research. Take heart, as there are many instances of individuals that made hundreds of dollars from items that a seller considered junk. You may even want to go to the library and check out some books on how to spot valuable items.

Deciding where to sell your items depends on what the item is. There are several websites that are best for selling books, with Amazon.com and Half.com being the top two. Items can be sold on Ebay.com and usually make a profit if your description and terms are well written; the better your description and picture, the more money you'll sell for. Another place to sell items is on Craigslist.org; just look up your local area and see what prices other people are selling similar items. You can also offer to barter for items on their site with relative ease.

The last option to earn money off items is hosting your own garage sale. This can be profitable if you go to garage sales at the end of the day when the seller is trying to get rid of everything to avoid packing it back up. You can also check out Craigslist.org for free items that are being offered. Many times after a garage sale, people will list that all their leftover items are sitting on the curb, free for the taking. If you have a truck and some garage space, you can take everything off their hands at the end of the day. The benefit to sellers is they don't have to haul leftovers back inside, and you get items for free - a win/win situation!

Try to stick with what you know and like. If you're interested in teapots or rooster items, narrow down your purchases to those types. When it comes time to advertise or sell, you'll be more likely to turn a profit if you're selling something you're interested in and know a lot about. Most of all, remember to have fun in your buying and selling business.
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