Make extra money
reselling online
Selling things from your attic or garage on Ebay
or an online want ad site is so obvious that it
seems barely worth mentioning. There are,
however, some secrets to real ongoing success as a
reseller.
The most important key to reseller success is the
recognize that you are starting a real business to
make a profit. It is not an excuse to shop and
spend some more.
|
|
Another important issue is
specialization. Focus on a few types of
merchandise that you already know about or
are eager to learn more about. Perhaps it
is watches, or hair ornaments, or bowling
equipment. Just be sure to specialize
in something that interests you.
Then present the items you are selling in
the best light possible. Write very
detailed descriptions of each item you list
for sale. And if the items have a brand
name, mention it! Brand name
merchandise sells better.
|
Also be sure to post excellent photos of the items
from all angles. Show close-ups of details. You want
your customers to be happy, not disappointed. For
more details about niche marketing online
click here.
Buying stuff you plan to sell Ebay or Craigs
List
For example, you decide to start selling some old
pieces of china or a few table linens or old toys you
already own. Research the prices online at Ebay or
Craigs List for other similar items. Research the
availability of like items. If there are already
dozens of similar items online and they are not selling,
that tells you that you should consider another area of
specialization. Or if the prices are so low that
your profit would be minimal, again reconsider your
specialization.
After you have sold the items you already own, begin
seeking out more items in your special category at
garage sales, estate sales, or tag sales. Don't get
tempted to buy a little of this or a little of that in
hopes that you might be able to resell it. You
want to stay within your area of expertise and
knowledge, so you won't buy things you cannot resell at
a decent profit. After all, you are setting up a
small business as a reseller to make money, not to spend
it on more stuff to clutter up your home.
Reselling work tools and sports equipment
A couple of areas of specialization seem particularly
suited to men. We have spoken with a few men at
swap meets selling used tools and power equipment. They
told us they search out tools and equipment in working
condition at garage sales or moving sales. They
clean them up and sometimes have to repair the items
they find, then resell them at a tidy profit at one of
the local swap meets. One of these resellers also
collects antique tools for resale to private collectors.
Another man was successfully reselling gently
used sports equipment. More about that
here.
Back to
Hobbies
into Cash
|
