One of the hardest types of things to sell are some of the most commonly bought. Though that first line may throw you a bit, it will make sense once you know what I’m talking about: clothes. People buy clothes quite frequently, but usually tend to go to stores and buy things new. Though some have started to discover that buying secondhand clothes is much more economical (and not gross at all as some would have you believe), it is a trend that is still only just taking hold.
So when pouring through your things, take a second look at what kinds of clothes you have, and let’s see if they have any resale value.
Typically, clothes only have good resale value if they were expensive to begin with. Well-known and high-end brands will do best. So if you have an expensive dress lying in your closet, or a high-end jacket, you may be in business.
Next, if the clothes are stained or torn, you can pretty much forget about selling them easily. True, there is a market for people willing to do some repairs on used clothes, but it is such a niche market that it’s not really worth your time.
As far as where to sell, look no further than eBay. There are actually loads of used clothes on the site. Everything from name-brand dresses to casual white linen blazers can be found either on auction or available to be purchased right away. There are also apps like Poshmark that are devoted to selling used clothes. With a little looking around, I’ll bet you can find more outlets too.
So don’t dismiss your closet as an area barren of any sellable items.
We are soon entering upon that part of the year when flowers start to bloom. Winter gives way to warmer weather and the world begins to spring forth with life…unfortunately this is also the time of year associated with cleaning out one’s home (which may or not be a welcome idea depending on who you are).
This can often leave one looking at piles of stuff that is no longer regularly used. Things like old clothes, appliances, tools, even furniture and make it into the category. One could simply throw these things out, but there is a much better solution for all of these things.
Let’s start with clothes. Unless you have someone looking to buy your old clothes, you’re better off donating them. You can make it a tax-deductible donation and see some kind of monetary return that way. Plus, you are doing something good for others.
Next there are things like tools and appliances and electronics. You could sell each item individually online and this would be the best way to make the most money from them. But if you are looking for a quick way to get rid of all of it, I would suggest using a pawn shop in Davie to sell it rapidly. Again, it won’t be the way to make the most money, but it is the most convenient.
Finally, for your furniture, online is definitely the way to go. Furniture usually moves pretty quickly on sites like craigslist, so a few photos and few few phone calls later, and you could have a decent amount of cash in hand for your furniture that you no longer used/want.
So this spring, rather than hit the dump, try these things out and give yourself a little extra to spend on making your home look as clean and stylish as possible.
In the last article, we went over the basics of buying and selling: buy for as low as possible and sell for as high as possible. Most people seem to have buying for as low as possible down. This can be done by shopping around, haggling, etc. But now we are covering more tips about how to get the most possible for your items. Be sure to check out part one for the first tip before we go into the rest.
If you are selling the item in person and you are being haggled with, you have a few things you can do to counter it. You can gently but firmly state the the asking price is simply the price for the item. This can shut down many hagglers right then and there. You may lose a sale, but eventually you’ll find someone who is willing to pay what you are asking for. You can also try stressing the value, rarity, quality, etc. of the item in order to justify the price.
If the items was not easy to come by, you can indirectly let them know how unlikely it is that they will find another. Tell a story of how you had to visit 5 different pawn shops (like this one: http://www.uspawnjewelry.com/uspawn-4—hollywood) in order to get the item in working condition or something like that. This adds value to the item and makes it more worth buying at the higher price.
Another thing you can do is to ensure your items are always very clean before selling. When buying secondhand items, you will often find dirty things. This hurts the selling value, so clean your wares up before listing them or putting them out for display for sale.
In the world of buying and selling, we often talk about getting more for less in terms of paying less for better items or more quantity. This is deal-hunting as its core and is a fundamental part of anyone who buys and sells things for a living. Let’s take a picker for example. He needs to buy things for as low a price as possible in order to get as much profit as he can when he goes to flip the item. If he goes to a Hollywood pawn shop or garage sale looking for something, he will be sure to haggle to try to get the lowest price he can.
While all that is good and well, there is still one element missing, and that is selling the item for as much as possible. Usually we talk about how to haggle prices down, but what about up?
Well, this can be done too, so here are a few tips that you can use to get more money for each sale.
First, you need to mark the item at a decent price to begin with in order to gain interest in it. Sure, there are certain things that are rare and you can sell them for pretty much whatever you’d like, but if the market has plenty more of what you are selling, you will need to be competitive in some regard. You can charge a little more if you elaborate on the condition of the item a bit in the description. For example, you can add words like “like new” or “all parts included” in the listing title or description. This will make it seem like others may not be of the same quality, and so your listing inspires more confidence in your item, and less in the others.
For the rest of the tips, stay tuned for part 2.
When trying to save money, one can consider buying used items rather than shelling out for completely new things. And in this day and age of the internet and online vendors, finding either has never been easier (not to mention places like pawn shops FT Lauderdale, craigslist, etc.). So it no longer is a matter if one can find a certain item, used, for sale. Rather, it is really up to whether or not a used item should be purchased in lieu of a brand new one.
Obviously new things will cost more, so when it is actually advised to buy something new? Well, let’s take a look.
In terms of cars, I would NEVER advise to buy new. A car will lose value the moment you drive it off of the lot. Sure, some cars maintain their value, but that would still be true of a used one.
Tires, on the other hand, should be bought new. I’ve had plenty of troubles with used tires before and I would just say that new ones should be purchased.
Electronics are also something that I would recommend buying used. From TVs to video game consoles, these things, provided they are tested first, can be bought used with certainty and will work just as well as new ones but for a lot less.
Computers can also be bought used. In fact, a very powerful system can be purchased for very little money of one buys the parts (used) and assembles it all themselves. It required a bit of know-how, but a great PC can be obtained this way for only a few hundred dollars (as opposed to thousands for pre-built systems).
Whenever you go to a thrift store, or flea market (or any type of places where you can find items quite cheaply) you will generally find two types of people browsing around. The first type are regular customers, people looking for a bargain on something they wish to personally use. The second are known as “pickers”. These are people who go looking for items that can be resold for a profit. These pickers can usually be identified as they will be buying a variety of different items, and will constantly be looking on their phones, checking the prices of things online. They do this because one can easily make over $100 in just looking around thrift stores, Ft. Lauderdale pawn shops, garage sales, etc. by buying items that are marked way down and reselling them.
So this can actually be a pretty viable source of income, but you need to know a few things, including where to look and what to look for. So here’s a few tips:
- When checking the value of something online, look too see what it SELLS for, not what it is typically LISTED for. You’ll get a better idea of what profit you could make.
- When first starting, until you get a feel for whether things are worth buying or not, check over a lot of things. You’ll greatly increase your knowledge base that way.
- Look for name-brand items, especially in electronics (though, don’t immediately discount brands you never heard of as they can sometimes be valuable).
- If the item is electronic, test it out thoroughly before buying it.
- Check the items you want to buy thoroughly for cosmetic damage.
- Set yourself a budget when going out picking and don’t exceed it.