Do you buy something cheap somewhere and resell it for more money?

@writersedge (22577)
United States
October 18, 2008 5:02am CST
Have you ever done that? My husband was reading about a woman who started out buying videotapes at yard sales and resold them for more money. She started out small with just a few videos. Then they started taking up a closet in her house, then a room, and now an entire garage. It started out as a fun hobbie, but now she does it for a living. Have you ever tried to do that? I would be afraid I would loose money. Did you make or loose money? Thanks and take care.
11 people like this
47 responses
@juhi06 (1850)
• India
18 Oct 08
hi dear this is how all business is done worldwide!! the fundamental thing in making money!!
2 people like this
@writersedge (22577)
• United States
18 Oct 08
True, but I would probably buy something and not even get my money back. I'm not very lucky at things like that. I think it's cool that it worked out for her and it has me wondering what I could do to do the same kind of thing but not the exact same thing.
1 person likes this
@juhi06 (1850)
• India
18 Oct 08
every body can not become a teacher , writer or a successful business man!!
@writersedge (22577)
• United States
18 Oct 08
True, very true, but with a little effort, I'd like to try. Take care and thanks.
@ANTIQUELADY (36468)
• United States
19 Oct 08
i did when i had my antique store plus selling on ebay. that's the name of the game.
1 person likes this
@writersedge (22577)
• United States
19 Oct 08
An antique store, that's great! What kind of antiques did you specialize in. I think that would be fun, take care.
1 person likes this
@ANTIQUELADY (36468)
• United States
19 Oct 08
i had a little bit of everything but ilove pretty glassware so i had a tendency to buy alot of it.
@writersedge (22577)
• United States
20 Oct 08
I wish you were up here. I'd have you appraise a bunch of Fostoria I inherited. Thanks and take care.
1 person likes this
@jdyrj777 (6541)
• United States
24 Oct 08
Yes i have done this a little. I once knew a girl that claimed to make a lot selling used name brand jeans on ebay. She said that she would shop goodwill, etc. Find good condition name brand jeans and resale them on line. During this conversation i mentioned the sellers fee. She acted like she had never heard of the seller fee ebay has or the insertion (pic) fees. Her brother in law claims to sell books on amazon. He told me he gets the books from book stores and libraries after they have book sales. Humm. I tried locating some books. The libraries say they keep them and try to sell them later. So both stories sound kind of flacky to me. I have found books that i listed on ebay. The sales are few and far between. I used to sell stuff at a local flea market but since i dont have a car now i have tried listing the stuff online. Occasionally something sells. I made better at the flea market and that wasnt good either. But hey im still trying .
@jdyrj777 (6541)
• United States
25 Oct 08
The stories im telling you about were before the prices went up that high. I still visit with the guy that said he sells books online but he doesnt talk about it anymore. Most likey because he knows i now know hes full of it. I have a back room full of stuff i was selling at the flea market. I just recent as yesterday saw where someone here on mylots has a web site that is free. But i dont know if you can sell things there. As long as that back room is full of boxes i will keep trying. I sell avon too so i looked on ebay. There are people selling it there too. Most likely they bought case lots to resale. Im 52 now and have arthritus would like to get out of the cleaning business and work from home if i can somehow. They say where there is a will there is a way. I have the will but still looking for a way.
@writersedge (22577)
• United States
26 Oct 08
That last sentence, I feel the same way. Still searching. Thanks and take care.
• United States
19 Oct 08
Yes I have done this. I do it throughout the summer especially with the yard sales. I resell the items on ebay. There is also a resale shop and a thrift store that i go to and do the same. I try to make sure i only buy what i am certain will resell. most times i make money. If its clothes i buy name brands such as gap, old navy, carters, columbia wear, on clothing i avg 1-3 bucks actual profit per item, coats maybe 5 bucks profit. If its other items such as collectibles or jewelry, i can make up to 10 sometimes. My best resell was 4 norman rockwell mugs i bought at a yard sale for 5.00, resold them for 43.00. Dont get me wrong i have lost money on a few things, usually the stuff i list that dont get bought...but if i get a buyer i profit, as i always make sure to start the listing out for an amount that will give me at least 1.00 profit (even after ebay fees adn such.)
1 person likes this
@writersedge (22577)
• United States
19 Oct 08
Yes, that's the thing that I find confusing, the ebay fees. I think I wouldn't price it right and loose money because I find the fees confusing. On Etsey, they're straight forward, on ebay, I'd have to have them tell me because it's this for this and that for that, etc. Most times making a profit is good. Loosing, I would be afraid of that. Take care
• United States
19 Oct 08
Yeah i agree that ebay can get a bit rough when it comes to their fees, but I have been doing this for 3 yrs now and pretty much have the feel and know what to price. The first year or so that i did this i think for a whole 3 month period over the summer i maybe profited 40..with only selling about 15 items...the last two summers in that same timeframe...i made about 125..for the same amount of items. So at the start yea u may lose money til u get the hang of it, but after a while u can definitely make some money. As you can see idont do it as a living though just for some pocket money..i sell all year long, (dont alwyas have listings but probably once a month at least i list a mess of stuff).
@writersedge (22577)
• United States
19 Oct 08
Thanks, I appreciate your explanations. Especially your experience. Take care.
@Shellyann36 (11562)
• United States
19 Oct 08
I have never even had a yard sale! I would love to be able to buy something cheap and sell it for a bit more money. I have seen several different people do this successfully for a while but I have never seen it last for more than a year. I think if you do this and keep it small, selling at yard sales or from home on ebay or something it is doable. If you go out and try to rent a place to sell the stock it will not work out.
@writersedge (22577)
• United States
19 Oct 08
Very good point, don't get into overhead, that's the getting in too deep of using money to make money. We did rummage sales each year and only one year was successful, so I agree with you. Short term probably works better than long term. Thanks and take care.
@Shellyann36 (11562)
• United States
19 Oct 08
I would love to be able to do this. It is amazing what some folks can make off of ebay and craigslist and such. It is an intriguing thought. Just imagine if you could get stuff for free and then turn around and sell it!
@writersedge (22577)
• United States
26 Oct 08
Getting stuff for free, some things aren't that hard, but actually getting sales aren't that easy. Like I have tons of milkweed, it's free, but getting a buyer, that's the hard part. Thanks and take care.
@curiousman (2427)
• Malaysia
18 Oct 08
Any idea how I can apply it online? I don't see how I can do it online unless it's some ebook or some e things. But they are usually available for free. Don't think it will work.
1 person likes this
@writersedge (22577)
• United States
18 Oct 08
Actually, that's kind of why I started the post, to try to figure out how I could do something similar. I guess it depends on what is selling cheaply where you live, but people are willing to pay more for it elsewhere. So that depends on what you can buy cheap where you live and sell for more online. I've heard videos, some popular toys like legos, and lots of tech stuff like ipods-if you can buy cheap enough and sell high enough would work out. I've also read about people who go to rummage sales, garage sales, and even free giveaways (but some people get angry about that last one), then turn around and sell. Whether or not it works out,it's a gamble. No matter what you choose. Christmas is coming and people are looking for gifts. So look around your area and see what you can find. But don't spend much because it's a gamble. Also see how many other people are selling the same thing on Ebay. Like there are about 30 videos of the same thing sometimes. Also see what has a lot of bidders. 0 or 1 would probably not be a good thing. 5 to 30 bidders, I would be looking for more of that. Take care
• Australia
19 Oct 08
Hi, i wanted to say yes i have done it and made a business out of it. I buy things and then re-sell them on ebay but it is a hard process that i learnt alone as no one wants to share their tips and secrets on how to do it and where to get stuff etc. Basically i go to certain shops and factories and outlets and buy stuff, then i take photos of the product and edit them and the list them on ebay and then answer questions and do the financials and post them off. Takes a while of my time but i make $500 or more a week doing it.
@writersedge (22577)
• United States
26 Oct 08
500 or more a week? Wow! I'd be excited if I got that for a month. A week? Wow!
@gemini_rose (16268)
19 Oct 08
Yes I do this, not on a big scale but quite regularly! I have made more money than I have lost, but overall have made some good pocket money. I stopped for a while as I did not have enough time, but I am planning to start doing it again either before or after christmas with a new venture.
1 person likes this
@writersedge (22577)
• United States
19 Oct 08
Good for you! What will your new venture be or is that a secret so no one will copy it and you will reveal it to us when the time is right? Thanks and take care
@gemini_rose (16268)
19 Oct 08
Well I am keeping quiet for now, I have not even mentioned it to hubby, I am just saving some money up first and I need to do some research. I guess if I think folks are interested then I will come and share with everyone!
@loxion (1551)
• India
18 Oct 08
thats always an opportunity for anyone to make money, you should always look for produts which are rare where you stay and you can make lot of money selling something like that.If there is something which people can't find so easily and yet that thing is cheap then you can lot of money out of it, but i know that after people realise that you are making lot of money out of that they will start competing with you.But i would suggest you look for something which is hard to get and yet cheap
@writersedge (22577)
• United States
18 Oct 08
That sounds like good advice. Have you done that? Take care.
1 person likes this
@loxion (1551)
• India
18 Oct 08
i never done it but i saw many people do it and they are succeful
@msedge (4012)
• United States
30 Jan 09
She must be good in this business.Not all is blessed in business.I had 2 businesses before but all were not doing good until i left my country.I think its just a matter of how you are good in business and i think i was not.
1 person likes this
@writersedge (22577)
• United States
30 Jan 09
True and I think luck and timing have something to do with it, too. Thanks and take care.
@dhaarvi (147)
• India
16 Dec 08
no, i am not. but sometime i wud sell unwanted things which i didn't used
@writersedge (22577)
• United States
16 Dec 08
If people buy it, that works well, too. Thanks and Take care.
@trixyteddy (1072)
• India
3 Nov 08
Hey, you've given me an idea. I know sometimes, its scary. Nothing like trying and building it up like the woman in the book.
1 person likes this
@writersedge (22577)
• United States
3 Nov 08
I guess if you start small, you can only loose or gain small, so I guess if you only do what you can afford to loose, it would be OK. Right now my finances are of such that I can't afford to loose. Thanks and take care.
• Romania
21 Oct 08
Funny discussion, really. I put myself in this situation ... hard to imagine. First of all I have no talent for that. I once wanted to sell a dress that didn't fit well, a quite expensive one, and finished to give it as a gift ... I would probably fail in the business. Most of all, I don't want in my house objects I don't like. i would never sell stupid tapes only for the reason they sell. Or I would probably say something that discourages the client. When younger, I was in a hilarious situation, worked for some strange people that had a kind of second hand store ... The BOSS was a lady, and she could hear me telling to one of her clients 'Anyway, better buy new, you might get a disease!' That client was so ... annoying ! I lost my job after 4 days.
@writersedge (22577)
• United States
22 Oct 08
Maybe you were a little too honest. Selling is not for everyone. Thanks and take care
@candymarie (1368)
• Canada
20 Oct 08
Oh yes! I can't make a living out of it, because that is actually a very time consuming thing to do, BUT, when I know I find a good find, for a good price, and I know I can make more off it, I will go for it! I can't recall when I made a profit, more than likely I ended up keeping just because I wanted it for myself though ha ha.
@writersedge (22577)
• United States
20 Oct 08
Too bad you can't recall, I need all the help I can get before I do something new. Thanks and take care.
@Fafner (68)
• United States
19 Oct 08
I resell books occasionally. I get them at resale shops, charity sales or yard sales. I sell on amazon marketplace rather than Ebay. I don't spend much time on it, so its just a source of pocket money, not a business.
@writersedge (22577)
• United States
19 Oct 08
That's good to know. I appreciate all internet sales advice. Thanks and take care.
@savypat (20244)
• United States
19 Oct 08
I have terrible luck or judgement, I don't know which but anytime I try to sell something either the market is flooded or it's gone out of style or it just doesn't sell so I have to donate it.
@writersedge (22577)
• United States
19 Oct 08
That's what I'm kind of worried about. The same could happen to me. Thanks and take care.
@zipk11 (98)
• India
19 Oct 08
Buying cheap and selling it for more is also called business.... everyone is engaged in this word called BUSINESS and i am no exception....
1 person likes this
@writersedge (22577)
• United States
19 Oct 08
So what business do you do?
@mychattime (1013)
19 Oct 08
That is so strange you say that about that woman because last week me and my family were at a car boot sale and there was a woman selling some garden lights, someone asked how much and she told them £8, they knocked the price down a bit to £5 and the deal was done, the next thing we saw was the woman who had bought them had put them up for sale on her stall, my hubby asked how much and she told her £8, he made a comment along the lines of 'I don't think so didn't you just get them for £5', the woman didn't answer and we walked away. I would never do that buy from one car boot to sell at mine the same day, I think that is a bit cheeky but there you go, the thing is these lights that were being sold are sold for about £10 in the shops!!! I do car boots and sell on ebay sometimes but not for a living as I never make enough money!
1 person likes this
@writersedge (22577)
• United States
19 Oct 08
I sold 3 items with the help of an ebay auction shop and I'm wondering how I would do on my own. Only had one bid per item with all their help. So unless it was something really popular, I'm not sure I would make enough money either. Thanks and take care.
• Singapore
19 Oct 08
I have not tried it personally, but I guess it all depends on if there is a demand for the product. My husband plays the guitar, it's his hobby. He has so many guitar, accessories and what not. Somtimes he get stuff at sale. He also has good contacts with the guitar shops here and buys some stuff. I always grumble when he buys more stuff, but there are times when he got something at a discounted price and sold it at a higher price. He knows the value of the stuff and makes money out of it. But he's not doing it all teh time, just some times.
1 person likes this
@writersedge (22577)
• United States
19 Oct 08
Yes, I think for most of us, making a little extra money at it would work, but it would be a really lucky person that could do it full time and always earn a living at it. Accessories for a guitar, a specialty that he knows a lot about, I think something you know a lot about would be the best bet for earning extra money. Thanks, with each response, I'm learning a little more.
@frosteee (70)
• Australia
19 Oct 08
i just say its worth $130( when its work 90 or so) and i sell it good moeny easy $40
1 person likes this
@writersedge (22577)
• United States
19 Oct 08
As long as you paid less than $40, I can see how that would work. Thanks and take care.
@iman3004 (123)
19 Oct 08
no i havent done it.. but in my country, there are lots of people become rich just collecting garbage,for example a straw, make a funny design from it, and earn thousand of dollar a year