Do you casually shops for used items just to turn them around and sell them? It’s important to know popular strategies of what to buy/sell trend before you get started. When you’re out thrifting be sure to look out for these flippable yard sale buys, it will be sure to increase your profits.
Where to shop
Keep an eye open for neighborhood sales, often referred as tag sales, yard sales or garage sales, depending on what region you live in. These personal home item sales are designed to sell cheaply and quickly. Many neighborhoods require selling permits and are allotted only a specific 2-3-day period to advertise and sell their products. So, shop smart and shop fast, basic home item sales carry many treasures worth noting.
Estate sales are a notch above basic. This type of sale is often professionally organized and priced after the death of a home dweller. The opportunity to discover unusual, higher-end items increases; however these items will be priced higher than yard sales. However, estate sales are great places to find antiques, foreign artifacts and memorabilia. Even though it is customary to haggle or strike pricing deals on items for sale at a yard sale, however professionally organized estate sales are usually not very flexible. All purchases are usually final with no chance for returning.
Where to sell
Before you hone in on any yard sale purchases, do some buying and selling homework, by researching specific items. If used clothing sparks your interest, talk to consignment owners, research local estate planners and use online resources. Every online buy/sell site, works independently from the other, which means no two rules, regulations and payment features, will be the same.
Payment and pricing prep-work
Today’s purchasing experiences are becoming more high-tech. Many yard sale hosts will only accept cash and do not carry a credit card machine. But, with modern technology at our fingertips, phone payment apps may allow speedier payment solutions. Use selling apps on your cell phones to price-check or to compare prices if needed. Seasonal pricing is another factor to consider, sell summer clothes in the spring and summer and winter clothes in the fall and winter.
Sweet deals
Selling a used item is something that anyone can do. Educating yourself about buying and selling can help. Quality, wear and tear and manufacturer or makers of items are a few traits that can impact your profit margins.
Disney DVD’s
Disney’s DVD products are legally bound for resale exclusion for seven years from the original date of production. This makes them extinct, so to speak for reproduction or resale, leaving Disney fans longing for more. Finding rare Disney DVD’s that are in good to excellent condition with original cover still intact means higher yields when selling.
Buy in bulk
Many times, yard sale hosts are motivated to sell quickly just to de-clutter. Books are a great way to seal a bargain-buy. Work a deal with the host by purchasing several to as many books as possible. This strategy works well with matchbox cars, art supplies, jewelry, clothing and more.
Speaking of toys
Toys are the perfect category for resale and Lego blocks are at the top of that list. Try to bargain at the yard sale for a larger unassembled selection for a lesser price. Old-fashioned Lincoln Logs and vintage Barbie Dolls all are great choices of resalable toys. Keep original packaging and condition in mind for higher resale.
Video games and equipment
Check pricing comparisons websites for electronics and game it can also assist in finding the most popular items to buy/sell. Whether console boxes, cartridges, disks or attachments lure your interest, make sure that each piece is in working order (no scratched disks, no broken pieces, plugs, buttons, etc.) When there is guesswork about the quality or condition, ask the seller to consider lowering the price or see if he/she will let you bundle a deal.
Tools
Everybody needs a tool at one time or another. These are great items for resale when priced fairly. Tools can be expensive when they are new. Make sure to organize like tools together. This not only assists the novice buyer; but also attracts the seasoned handyman.
Furniture
Furniture is a valuable asset to the yard sale host and the buyer. Used furniture is easily repaired, painted or refurbished. College students love to shop this category. New parents needing a small table here or a rocking chair there will appreciate great pieces like these.
Bicycles and toys on the go
Used bicycle sales generally need little repair and are affordable modes of transportation for all ages. Young children’s tricycles, scooters, helmets, gloves and cycling gear are great family treats when sold in clean and new or slightly used condition. Remember, nobody really wants toys that have been over worn, dirty, sweat-stained and unattractive. Aim for items in “great condition.”
Sports equipment
Many sports items are very pricey in stores. With sports leagues of all ages, many kids have outgrown their metal and wood baseball bats, gently used gloves, hockey sticks, nets, cleats and more. These are solid resalable finds in today’s sports-oriented, team-playing, family oriented society.
