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.