It's been a few days, but there hasn't been much going on. I've checked some of my inventory and made a score on some CD's. Now you might not think CD's are much of a score, especially since these were unused. The key here is the type of CD's I picked up: Lightscribe Cd's. I picked up about forty of them for $10. They can be sold for around $1.50 each, depending on quantity. That means I may get $60 for them, making a profit of $50. I checked on eBay to see what they were selling for, and discounting those that were under priced, that's how I arrived at the price to sell them for, plus shipping. I'll sell them in lots, as I think I can clear more that way.
Now, I don't know how you run or plan to source items to sell, so I wanted to mention a few people I follow on YouTube and why. The first I want to mention is Taco Stacks. This guy is greatly diversified in how he makes money and sources. He sells on eBay, has a area at a flea market that he sells in, he collects and sells scrap metal. He sources in a variety of places, He hits the thrift stores, picks up items while he's scrapping, gets a few things at the flea market, picks things up at garage and yard sales, and visits auctions to pick up things for his flea market booth and eBay. He's doing what we all need to do in our business: He diversifies both his sourcing and how he makes money. How you do that is up to you.
Another YouTuber I follow is GlobalVooDoo. He has multiple sources for things to sell: Thrift shops, Garage Sales, buying storage bins and a number of other sources. He sells on Etsy and eBay and Amazon and on Facebook marketing, to name just a few. Not everybody will be comfortable watching his videos, but he presents the other side of selling. I like him, but your mileage my vary.
A couple I have started following recently. There YouTube channel is called Bargain Barons. Its a couple whose videos primarily deal with purchasing items to resell at yard sales and antique stores. It's very interesting because they include the audio of when they discuss things at the sale and some of their reasoning why they buy a particular item. At the end of the video they show each of the items they purchased, showing what they paid for it and its estimated value and the profit they expect to make. A little different to watch but I'm getting used to it.
In summary, I wanted to show you that there a many ways to source and sell. Start off with one or maybe two to sell at and as many places to source as you feel comfortable with. Next time I will share some of the people and sites that are helpful when you're selling.
Happy thrifting!
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