Generally, if you’re a professional reseller, the worst possible place from which you can source your products is from, you guessed it, another professional reseller. It’s nothing personal, but the reality is that flea market vendors typically price their items stiffly, and often have a large accumulation of low-quality products.
The danger, of course, is not that you will accidentally buy some low-end flea market stuff. The risk is that you may suspect that some items might have resale value and waste your time looking into them. You need to save your time by quickly identifying a sale that is unfriendly to your business and moving on to more productive sales.
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I wrote up a quick & dirty intro post to the business over at innovativepassiveincome.com. If you’re a beginner, I recommend checking it out here.
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!!!!
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Due to the inherent luck factor in garage sale hunting, you may sometimes find that you do not find enough worthwhile items to fully occupy your time available to list items on eBay. You may come up empty-handed after several sales, or even feel obligated to bring home lower-margin items out of a sense of desperation. While to a large degree luck is luck and you can’t force a bad sale to be profitable for you, there are ways of alleviating your poor luck by improving your ability to fully extract value out of each sale.
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Our natural instinct when assessing a potential resale item is to simply compare the price we get it for at the garage sale to the sale price we expect to get on eBay, based on doing a search of eBay completed listings or using Terapeak
. Generally, using this rough schematic won’t get you into too much trouble, but it could lead to you being less efficient than you could be. So, you often find yourself asking, “should I buy this?”
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