Everyone knows that the secret of making money online by selling things is to buy low and sell high. It is a very simple concept, but a lot of people simply do not get it. They end up satisfied with making very little money on an item or even lose money because they simply want to get rid of it. That is your opportunity to show your skills as a buyer so that you can make a profit in the future when you are looking to sell those same items. Here are some places where you can get things at a very low price to sell and make money.
The internet classifieds sales section is like a giant garage sale. People are there to sell items they no longer want or need and in some cases they are like-new and being sold for a fraction of the original price. You can pay pennies for items that people would pay a lot more for. If you do the process right and buy things that other people would want, you could make a good amount of money when you try to make money online with them.
Another great thing about internet classifieds is that in some cases you can get some things for free. Some people are so desperate to get rid of some items, but due to their value they do not want to throw them in the garbage, so they list them in the “free” section for those who want to pick them up. The trick is to do a search every day for new items and to understand their value so that you can keep your investment at a minimum.
We have all read the story of the person who goes to a garage sale and discovers an antique or collectible worth thousands of dollars. The truth is that while that does not happen every day it does happen a lot. That is because a lot of people looking to make a quick buck and create some room in their homes do not really know what they have in their hands. If you keep your eyes open you could find the one thing that will not only make money online, but which you could even auction at a big auction house.
Do not go into every garage sale thinking you will find the “million dollar item”; more than likely you will find a lot of discounted items, but that does not mean buy them all. Look at the things that you can actually sell and for which there is a lot of demand for. Remember that bigger sized items would be sold locally as it is not be worth it to send them somewhere across the country. Also try to get to the garage sale as early as possible.
Thrift stores have a lot of things that can make you money. Skip the clothing and the shoes and check almost everything else. The items are usually in working condition and it is not that difficult to find things that some would consider collectible. When shopping at thrift stores with to sell the items online you need to really pay attention to what shape the products are in. the items in the best condition are the only ones that you will be able to sell for a maximized profit. That does not mean that you should ignore everything else; some items you could restore and sell to people looking for them, but you really need to understand the value of an item before you decide to restore it. Keep in mind that fixing an item will cost some money which will cut your profits or wipe them off altogether.
Do not forget the book section, as many of the thrift stores will sell them for as low as $.50 for paperbacks and $3 for hard covers. Hard cover books are more likely to sell for a better price, but again look for books that people would want and original publications. You can also look for books to sell at your local library as they sell some for as little as $.50, but the problem is that they usually have the library’s stamp or the library has altered them in some way. Any alteration can lower the price of a book to the point that it is not worth the trouble except in cases where it is a very rare book that someone will pay a set price for.
Clearance Sales/Going Out Of Business
Stores with clearance sales or which are going out of business will sell new items for lower price than the item is worth. New items are the most attractive online, especially if they have the tags or are still in their original package. Local clearance sales are the best because not every store in the country will lower the prices on the same items, so those who live far from you will see the price you are selling it for and will be willing to buy.
The same local rule applies to businesses that are closing their doors. If a major electronics national chain were going out of business then everyone in the country who visits their store will have access to the same discount, but if a local store is doing the same thing the discounts are exclusive to your community. That does not mean that you should not take advantage of the situation when a national store closes its doors, but you have to only shop for things that are in high demand.
Wholesale Shopping Caution
Buying wholesale is what every business in the country does, and there is nothing stopping you from doing the same thing if you want to make money online. The one thing that you do have to understand about wholesale shopping is that you are not always going to make a good profit when you sell an item and it can take a while to get rid of all the items that you bought. If you want to create your own online store, then it is worth it to buy wholesale, but those just looking to sell a few things for a little extra money will find that the investment takes a while to pay off.