Do you have a house filled with unused furniture, clothes, toys and other household goods? Maybe you know people who do – who doesn’t right? Recycling has become extremely popular again and there are markets and swap meets happening right across the country where many people are selling things and making a great profit from it. Perhaps you have the knowledge on how to repair small appliances or you can make over old battered furniture. You can make money from these skills.
Maybe you are skilled with art work. These days there is a huge demand for hand made crafts and goods. Maybe you could turn your skills of making candles, knitting or crochet into cold hard cash.
Having a sale is a great way to turn these skills into money. Think about it, there are no costs involved in setting up, so any money you make is absolute pure profit. Most Churches and schools have fairs several times a year. At these fairs you can sell your goods for some excellent profits.
So, do you want to know how to go about making money from your skills? Read these following tips and you will make money, more than you would have thought for things that may seem worthless to you. If you began gathering or producing goods right now you could sell them next weekend and find yourself with money in your pocket and we all want that right?
Basically anything will sell; even things you think aren’t worth anything. Whether you have stuff in your own home that you could sell or whether you have friends or family that have surplus stuff you could offer to take it off their hands. A few of the things you could sell could be home made goods or crafts, photographs, stamps and coins. People don’t realize that the things they consider junk around their house may be something that another person is desperate for and will pay good money for!
If a person was to really think about it they would realize they can make things that they could then sell. To get ideas why not go to a market and see what things other people are selling. Markets are friendly places where every single person is there making profit and it can be a whole family affair. Your family can help with the repair of items of putting on the finishing touches. Let’s have a look at different places you can sell goods.
AT A SWAP MEET
Begin at the swap meet that way you can find out what sells and what doesn’t and what prices are being asked. Swap meets are advertised in the paper generally or you could go into a local second hand store and ask them if they know where the local swap meets are held. Remember, if you choose to buy something at a swap meet never pay the price being asked for it, always offer a lesser value. Another thing you should check out is the type of people who are at the swap meet. Talk with the sellers when they’re not busy and find out how much they sell.
THE ART OF BUYING
Knowing the price of things is the most important part of both buying and selling. You want to make sure you are pricing your goods competitively with other stalls in the market, or goods in the newspapers for sale, even going to a pawn shop will give you some idea of the prices for different items. Go early to a swap meet, you will get better deals, or you can go just before they close; sellers are desperate to sell the last of their stuff and you may get some great bargains. What you want to do is buy items cheap and sell them for more money.
Antiques can be hard to find as a true antique actually needs to be over 100 years old, however there are some very valuable period pieces around and if you know what to look for you may find you can get a brilliant bargain. Sometimes there are things for sale such as appliances that only have a small malfunction, if you can fix it then you can resell it for a much bigger profit. Sometimes a seller will not accept your low offer, don’t go higher – instead, give them your name and phone number, they may just ring you after the swap meet and offer it to you at the price you suggested as they couldn’t sell it.
BUYING IN LOTS
Go to your local producers. They always have leftovers or close-outs which you can get cheap – or even free. You may be able to recycle the parts into something else. For example, pieces of cloth can be turned into blankets and pillows covers. Remnants of leather can make clothes, bags and belts.
Sometimes a manufacturer may have produced a poor run of a items which can be sold to you at unbeatable prices. Irregulars are easy to collect and sell at a profit. You can retrieve items used by the cleaners, government surplus, police auctions and companies that have gone into liquidation these are good places to get good products at low prices. Maybe you can talk to the rental companies and buy their stock that is no able to be rented out; you can refurbish it and sell it on for a profit. Another thing to try is to check with the contractors who demolish buildings. You may be able to get hold of fixtures that are no longer needed or any goods that have been abandoned in a home.
And never forget there is treasure from the trash. Start with high-class neighborhoods. Often, the suburbs may have a week of cleaning in the spring and fall. Or ask your local sanitation department and examine the objects placed on the curb the night before pickup. And then there is always junkyards. A couple of hours in a yard of recyclables will produce lots of interesting articles that can benefit someone else elsewhere.
Buy something old or used, fixing and selling is the main part of recycling. Doing something useful from a broken object that is rejected is not only profitable, but it is very interesting to do.
There are dozens of things with a high resale value that are the main recyclers. Sewing machines, typewriters, cameras, televisions, bicycles and tools are great things to recycle. You may be able to pick objects from the rummage sale in a neighborhood or in your attic and garage. You can even pay a lower price for the item at a swap meet. With the know-how, you can learn which can be converted it into profit. Anything with a simple motor or electric mechanism can be easily repaired if you know a bit about them. Often times it is just a small thing that is no longer working or disappeared. You may find cheap replacement parts from the local stores or from the manufacturer.
Some people have chosen an item type, such as cameras or sewing machines and deal only with those items. Young people are interested in repairing bicycles, cars or toys. Hand and power tools are great things to recycle and are always needed and can be easily repaired. Maybe something needs a new handle, or the tips are bent backwards. Perhaps you can find a replacement head or spring. You may need to remove the rust, oil or polish the surface. What is the best way to fix the object if it is old? Beautiful paint will do wonders for almost anything. Make sure things are clean and paint thing using only conservative colors, bright objects have a limited demand.
One of the most popular products sold at swap meets is furniture. Chairs, tables, dressers, TV stands – all have a sale value. But much must be done to get a good price. Padding can be ruined, or surfaces of coffee tables can be burnt or scratched. End tables and office desks often have watermarks and stains. Take a look at the furniture you have. Determine what it is and how it was done. Sometimes, it may not be worth the time and costs for painting, but often you can turn it into a piece worthy of a showroom..
Remove dirt and clean and wax. Clean the surface of excess wax with turpentine, mineral spirits or wax remover. Perhaps you could recane a chair, dresser, or a child could use some bright stickers – there are many ways to repair old furniture little effort. Sometimes you can make patches, bleach stains, cracks or loose joints could be reglued. New drawer handles or pull cords can be put on a useful piece of furniture. If you know the furniture and have good returns, you can remove the paint and refinish. But don’t repaint a piece of wood furniture that has never been painted. You could ruin it.
You need to determine if the surface was finished with shellac, varnish or lacquer, and whether you can spot alterations and repairs. If you don’t want to paint, you can strip the surface coatings that are already in service, and re-stain and varnish a piece.
Have you ever heard someone say, I’11 pay to remove it? Maybe a family member who is tired of the batteries in the garage or the shed is in need of clean. Or maybe a family is moving and will not be taking all that stuff cross-country. You can take advantage of the others garbage. A good way to let them know you’re there, is by placing advertisements in local newspapers and magazines. It may be a general statement like I’ll take your trash or I buy household goods or you can pay at a particular point. Leave enough space around to store that refuse or things of little value, or be prepared to include the transport and dumping costs. Set a time to inspect the goods offered and do not agree until you are sure of their real value. You may need a truck or van to transport large objects. With every load of goods, you’ll have some treasures and some worthless stuff.
Although just about anything will sell and you may make an agreement with the local refuse center or recycling plant to take things there that can’t be sold cheap.
One of the most rewarding and profitable ways to make money in your spare time is with crafts. You can often get discounted materials and use them to create gorgeous handmade objects that everyone wants to buy. Start with the easiest, cheapest items first. Take a look at decorating magazines and books, crafts ideas and find the instructions something simple and cheap that does not require the expertise and equipment. If you have many sources of castoff goods, do you plan to recycle and create new items. You can cut old bottles to make vases or glasses. Or you can make lamps from bottles or anything else that fits the electrical contact and wires. Rug hooking and braiding are good ways to use up lots of fabric scraps and discarded pieces.
These are some things you can do in your spare time – even while watching television. For those who are good with wood: wooden boxes, cutting boards, stationery and door holders to quickly sell at craft shows – and they make wonderful gifts. You might be interested in the needle work, crochet dolls, pillows are always good articles. You can make big profits from handmade quilts and Afghans. What about plants? House plants in unusual planters are great items and go faster if they are at a reasonable price. Dried flower arrangements attract attention if they are well made.
And do not forget ceramics. They are always very popular at craft fairs, and can be put into any practical use. Not only can you sell the cups and plates, but vases, jars, and bowls. You can do anything with clocks. Clock kits are inexpensive and can be set in stone, wood, plastic or cloth. Think about what will sell. Look in craft fairs and check prices. How can you make a profit?
There are thousands of things you can do at home with very little effort. And they produce a high return. You can make jewelry, handbags, books or candles. At craft fairs, try paintings, photographs, stationery and original designs are very popular. What will you do? Are there jobs that you’ve always wanted to try? Often, crafts at the show are excellent, but require you to pay a high a price. If you need to price your items up, carefully examine the wealth of the buyers. A good way to make money fast is to create dozens of small, two or three dollar items.
Sometimes people buy a small item on impulse, because everything else is too expensive. Consider the difference between practical and beautiful. Handicrafts sell because they can be used, rather than put on the wall or stored on a shelf. Practical issues are easier to sell. Fairs are not the only place to show and display goods. You can set up and sell them at a swap meets or at the church bazaar, or even on street corners. Go – try it. Make some homemade toys or Christmas stockings or leather bags. You will find pleasant and profitable.
LETTING PEOPLE KNOW
Advertising can be a cheap way to sell the items you’ve recycled. You can use an ad that is just a small line per item. For example, typewriters, $ 55.00. Private Party, and phone number. If you buy and sell typewriters, this ad will get you phone calls so you can find out what the person is searching for. Make many ads and you can sell more typewriters.
Perhaps it is a local organization, such as camera enthusiasts. You find out who is the leader of that group is and send a list of what you sell. An inexpensive way to advertise the sale of work can be in a local newspaper delivery people place a flyer with the cards in the newspaper. Of course you can always put small ads in the windows of shops, supermarkets, or even tied to telephone poles. Think about what you sell and how you can reach those who might buy your items.
HOLDING A RUMMAGE SALE
You have already cleaned the attic, basement, garage and storeroom. You have done the same for all the relatives. And you have asked for their friendly neighbors things, And now? Choose a good time to sell and an alternative date, if it rains. Typically, you only need to advertise by placing a few signs on the neighborhood telephone poles with arrows and an address. Although you have a lot to sell, only do the sale over one day.
Consider the value of things you have to sell, and how important it is to get rid of them. Sometimes people who want to move or liquidate their property will sell at almost any price. Here is a good time to buy. But if you cannot get the price you feel the object is worth, do not sell. You can get a higher price later, or save it for next year’s sales. While you should always ask for a very low price when buying used goods, ask a fair price to sell. But be prepared to lower them.
You need to know who is running the meeting to participate, you need to register and pay a fee to be part of the market. Arrive early – before the opening – to find a good spot. Make a craft demonstration will also attract people to your site. When people are looking do not let them just pass by. See if you can help them find something, try a casual approach, show some of the good points of the items you are wishing to sell. As a novice be careful you are not taken in by regulars they will try to hit you up as soon as you unload your goods. If you are unsure, you should not take lowest bid, wait until you get a better deal later in the day.
A lot of swap meet professional dealers have booths to display their portable products. What image do you want? If you sell jewelry, you want to make a statement with a blanket of black velvet, something with a little class to show the value of your items. If you sell clothing, you can invest in racks that make it easy for potential buyers to look through the goods. The real advice on the purchase and sale of second hand goods at swap meets are learned by participating in them. You can make friends with people who sell and learn what you want to know more about. Maybe you could volunteer to work some weekends, so you can learn more about the company.
SELLING FROM HOME
With crafts, you can have continuous activity, selling at fairs and on weekends. You can sell items outside the home. Any advertisement that is placed in the newspaper should look like you’re a fan or simply trying to get rid of some items. Bargain hunters hesitate to go into businesses. However, you could run a small shop in your garage or outside the back porch. Some people have ovens and ceramic classes in the backyard. Potential buyers will like the atmosphere and think they are getting a good price because it comes from the source.
Or, you can craft a basement wood shop, creating beautifully sculpted and hand-crafted items. When viewing a store people can make more of an impulse purchase. What better feeling is there than to get something from the person who did it? But other things are best kept in the back under a bushel. For example, perhaps you bought a batch of five dozen lights, factory seconds. You have been able to fix everything that was wrong and made them have commercial value. If a customer has seen the whole stock – dozens of identical lamps, this person thinks that this was not a good business.
If someone wants more items, give the person a special price. They will return again and again to get a discount. Use your discretion if you have a repair shop, such as typewriters or sewing machines. Sometimes it is better to show the many options are available rather than just one. According to the person you may discover that they are reluctant to sell this beautiful object and will push for a sale. Other people must be convinced of a good deal. Again, if you know the price comparison for the same news articles, you have more choices. It’s a good deal to offer a limited warranty with mechanical or electrical properties. A repair warranty is often offered for thirty days after the sale. And if you’ve already solved the apparatus or hand tools, you’d know it would work.
By law you need to report any income. But in the business of buying and selling, there are many deductions you can legally do so that most of you will earn a profit. If you keep all receipts from items purchased, and all receipts for things you need to fix up or repair these items, you can maintain a fair and accurate account of its activities going to an accountant at the end of the year will be profitable. You’d be surprised what can be gathered. If you become a regular at swap meets and craft fairs, you must obtain a license to vendor and need to report on the state sales tax.
WHAT’S THE PROFIT
If you give it a try, you will find that you can make a substantial profit selling used goods. If you run your own store, there is no need to keep detailed records. But if you continue the business of buying and selling, you need to trace everything so you can know what you are doing. Keep a book, which has five columns. In the first column, type the name of the object. The second column is the date of the imported item, the third of the price paid for listings. The fourth column is the date on which it is sold, the fifth column is the price. Comparative analysis of the dates show how quickly the items sell. This is useful for determining what items sell best. The price difference will give you a profit. If you figure the cost of transportation, and the price is fixed for the products, and you still have profit then you are victorious.
How long do you need? Keep track of the time you spent to acquire these benefits. Divide these hours in the amount of profits. It is your hourly rate. How can you increase your hourly rate? The more work you do, the more you make. You should try finding ways to do several things at once – to increase your profits. If you’re at a swap meet or craft fair, perhaps you can work at your job or fixing and repairing, as you mind the stand. Especially with items made by hand, consider how you can benefit from mass production, which in large quantities at a time instead of one at a time. The goal of these companies is to make money from the time and energy you put in. And if you plan well, you can get good money.
MAKE MONEY NOW
Swap meets are the best ways to continue buying and selling products at low prices. You can create a good situation for yourself, you know what happens at the swap meet. Go to them all in your country, your state or surrounding states.
It is important to know the prices and the real value is. How many new costs? What is the market? The most important information you need, is what things are and what is sold at the best price on the market. You’d be surprised how little people know what things cost. Sometimes you buy things for the flea market, thinking that it is more expensive in stores, only to later read an ad to buy a similar item below the cost you bought it for.
Author. Beta tester. Music lover. Huge geek, love zombies, video games, doctor who, sci-fi, horror, steampunk, and fantasy. I have 3 kids (4 counting the husband) and 3 cats. Michelle is also one of the owners of this site.