Yard and garage sales never lose their allure even in the age of the internet. There’s something exciting about scouring boxes and tables crowded with bric-a-brac in hopes of coming away with a rare find. The seller behind those tables, though, is doing his best at making his junk your treasure.
Internet merchants have taken the “yard sale” model and turned it into a thriving industry. People are already searching online for quality items at affordable prices. If sellers have gently used items, then they can sell them off for quick cash. Every little bit helps if you’re saving for rent-to-own real estate or any other large-money investment. The payout from selling your things online will greatly depend on factors relating to more than the item’s worth. Listed below are some tips to consider before selling your stuff online.
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The first items one might try to sell online are the “big ticket” ones. These are often jewelry, home appliances, TVs, computers, rare books and movies. Unfortunately, these are just as hard to sell as they are to come by.
Profits from expensive items are rewarding, but fleeting. Never underestimate how much you can make by selling smaller items at incremental prices. Some have made six figures just from buying clearance-priced items from major stores to resell on Amazon and eBay. If there’s a demand for it, then supply it.
Buyers know they’re getting a used product, but they won’t pay for a worn out one. At this point, you should take time to look at the quality of the item. Notice any imperfections that you can work to refurbish.
Depending on the item, refurbishing work may not be that strenuous. It might mean taking some tarnish off a diamond ring or removing CD scratches. Clothing items can be re-stitched and carefully washed. The more effort put into cleaning up an item, the higher it might get appraised.
Set Your Price
While cleaning up an item might increase the value, the actual pricing is another matter. Setting a price that’s too high can ruin your chances of making a reasonably quick sale. A price that’s too low, may cause viewers to suspect a scam.
Perusing other used listings is the best way to determine the price. Be ready for when a prospective buyer wants to haggle, though. Some industry sources can provide clearer estimates for these negotiations. Listing sites have built-in pricing guides that can automatically appraise the value of a given item.
Creating a great listing takes a certain level of creative marketing to hook a potential buyer. Otherwise, it’s all about giving an honest rundown of the product. This includes a detailed write-up, high-quality pictures, and shipping details.
Choosing a site to host that listing is another matter. Amazon is a big go-to, but tend to charge the seller 99 cents per item sold. Used furniture, and miscellaneous items typically sell better on Craigslist and other online directories. Those hoping for comparative bids should go with eBay. Do-it-yourselfers have Etsy, where refurbished antiques and handmade crafts can sell to buyers worldwide.