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.