Posts Tagged ‘garage sales’
Product Sourcing at Garage Sales
Friday, January 25th, 2008
The concept of profit is finding a good product at a great price and being able to sell it to someone else for a large markup. They key to being able to do this is to know where to find items that you can purchase for a low price and sell at high ones.
Thanks to the advent of eBay, one of the most popular places to find things for reselling is at garage sales.
If you frequent garage sales, you know there are great deals to be found - and that’s just when you’re searching for items you may be able to use. But what if you broadened your horizons and your view?
Think of what things may be popular with other people across the country or even the world. At garage sales, you can buy these items very cheap, say 50 cents to a few dollars, and sell them at a much higher price.
Some people can make educated decisions on what to purchase and resell, and hope for the best. Others prefer to educate themselves so they are in tune with what is happening in the eBay market - and it is these people that stand ready to make a profit.
Keep Up With Styles
When you’re sourcing products at garage sales, it pays to keep up with what is in style and in demand. For example, if you have a small clothing business, you could watch a few tabloid television shows to see what the stars are wearing or open a fashion magazine or two.
Something old is always becoming all the rage again. If you know what the new fashion trends are, then you can find older clothes at garage sales for pennies, then turn around and sell them as ‘vintage items’ for a large profit.
Know the Trends
Look at what is selling on eBay, and how well it’s selling. [cpc=http://pulse.ebay.com]eBay pulse[/cpc] is a site that keeps up with what the biggest selling items are. While many of the top 10 items are often electronics , you can delve deeper into the reports to look at categories such as clothing , furniture and jewelry to see what items are getting the most searches. This lets you know what the shoppers are looking for.
In addition to knowing what’s hot, you will also be able to pull some extra information out of the Pulse site - including what keywords people are using to search for those items. You can then use these keywords in your eBay title to help more people find what you have for sale.
The Early Bird Gets the Worm
While the idea of waking up before the sun on a Saturday may not be your idea of a good time, it is a profitable time. There are a lot of people doing the same thing you are, looking for the best deals at garage sales. The earlier you start searching, the better chance you have of finding the best items for resale.
With more and more people using eBay as their shopping venue of choice, there is a lot of money to be made buying at garage sales and selling through this platform. The key is in knowing where to find the items they want, at a price where you can give them a good deal, while making a great profit.
Tags: advice, garage sales, Leeia Ladpoh, Product Sourcing, source, sourcing products, tips
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