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I was reading the thread on things to buy after Christmas, and DisneySteve mentioned that he could buy Hallmark ornaments for 75% off, then resell them for a profit. That got me thinking, are there other things should I be on the lookout for that I could buy and turn a profit?
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In addition to ornaments, I would also buy and resell other Christmas items when I found them at steep enough discounts. I sold thousands of dollars worth of Lenox collectibles, both holiday themed and not, over the years. I'm fortunate to live not far from a Lenox outlet. Over the years, the outlet has become more commercialized and popular so it is harder to do this. It used to be a tiny store that nobody knew about and I could buy things for a fraction of retail and reselling them for 1/2 or more of original price. I cleaned up on that stuff - buying a $150 item for $10 and reselling it for $75 for example.
The problem today is that ebay is just a shadow of it's former self. The fees and policies have driven away most sellers like me. The hassles are too great and the profit just isn't there anymore. The recession didn't help either. So before attempting to do any thing like this today, make sure you search completed auctions and see if things are actually selling and bringing decent prices.Steve
* Despite the high cost of living, it remains very popular.
* Why should I pay for my daughter's education when she already knows everything?
* There are no shortcuts to anywhere worth going. -
Calculating fees and time is so important, but something a lot of people fail to do. If you see something for $10 and you know you can sell it for $15, you're likely to lose money, not make $5. That's because eBay fees and Paypal fees will eat up most of that $5, plus all the time it takes to create the auction, answer emails and ship it. I always shot for a $20 minimum profit (after all fees) to make it worth my time -- yours might be a bit less, but you really need to think about that when doing this type of arbitrage.Comment
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