Something I don’t understand at all on eBay is this “START YOUR AUCTION AT $.99 FOR MAXIMUM EXPOSURE” business. Sure, you cut down on insertion fees, and you may attract marginally more attention to the listing. But after looking at many Terapeak results while on the hunt, I see that auctions that start at .99 often end up closing at prices as low as 50% of fixed price listings. Try it yourself: next time you use Terapeak, check out the “listing format” widget and see the average prices. Almost uniformly, Fixed Price listings sell for more.
[While my preferred product sources are local (e.g. yard and estate sales) because of advantageous pricing, high item value, and plain-old adventure & excitement, a good long-term eBay business should seriously consider importing solid bread & butter products from China and other low-cost manufacturing countries. Today’s post is a guest post from Philip Rudy of learntoimportfromchina.com, giving you a rundown of how one might go about reselling manufactured products from China en masse.]
Items I’ve Resold #1: GreenPower Juice Extractor, DS Games, LOTR Chess, Onkyo 5.1 Surround System, HP All-in-one Printers…
[For all the theoretical advice I can give, sometimes it’s just better to show examples of what I buy at garage sales. You’d probably learn more about how to make money just by tailing me when I go to sales than by reading a long-winded article.
In this article series, I catalogue my big scores, my bread & butter item resales, and the items I regret buying.]
This week, we take a look at some of the first items I ever resold – the ones that motivated me to take this nifty income source seriously.
Being that you will primarily use USPS to ship your items anyway, you’ll be relieved to know that USPS gives away free boxes to be used with USPS shipping services. Sounds great, right? Well, putting the inherent drawbacks of government-run postal monopoly aside, it is. Consider the money you save with this method as reclaiming a portion of your taxes lost to the government spending vortex.
In this post, I explain how USPS Flat Rate Boxes work, when it makes the most sense to use them, and how to get them.
Now that I’ve laid down a few basics of reselling in my first few posts, I will move on to some concrete advice to help you in your travels: suggestions on what to actually buy! These will be catalogued via a series of posts, which you can access specifically by clicking the “resale item highlight” category on the left navigation bar or at the bottom of any RIH post (there’s only this one right now, though).
Today, we’re going to discuss a subset of one of my favorite resale categories: vintage video games, specifically Super Nintendo (SNES). There are a lot of commonalities in the reselling of old video games, but I will discuss each system or generation of games (e.g. NES, Sega Genesis, Playstation, Xbox, etc.) in separate posts as each market has its own idiosyncrasies and notable items.
NOTE: Generally, if you find anything in box, be it console, game, or accessory, this boosts the value of the item significantly and usually means that you should buy it!!!!