Sterling Candlesticks purchased for $10 and currently for sale on eBay.
Someone asked me recently in the comments if someone can actually make money with ReSelling. For me the answer is a confident yes. I can make money, sometimes as much as $3000.00 a month when I'm really focused. I have friends making $10,000 by selling books and toys. Believe me when I tell you that they have far more focus and skill than me. ReSelling is like any other job though, it takes some skills. Some of these skills can't necessarily be taught but it's something that you learn along the way.
I've taught a number of people how to be booksellers using a scanner. You scan the barcode with your PDA scanner and it gives you the price of what a book would be on Amazon. The average book comes in at 1¢ but there are books that come in for much more than that. Out of the people that I have taught, only one person continued with bookselling and made a living from it. Why didn't the others? It's probably too complicated to really answer. What I'm trying to say though is that some might take on to ReSelling very well and others might find it's just not the right fit.
For those tempted to start ReSelling but are very unsure about it here is my advice:
- Take a $20 bill to start your ReSelling business.
- With that $20.00 buy your inventory at a garage sale or estate sale. (in my opinion you get the best value for your money at sales vs thrift stores - this does depend on your location though)
- Sell your inventory on eBay
- Set a goal to double your money.
- After fees take $25 and buy more inventory
- Again sell your inventory on eBay with a goal of doubling your money.
- After fees take $30 and buy more inventory
If you are able to buy inventory that will sell well on eBay (I highly recommend using a smart phone to research using the eBay Selling App) you should continue to make money.
If I did this example with the sterling candlesticks, I would have invested $10 originally into my business. The candlesticks are currently at $84.00. I would be able to pay myself back the $10 and take the remaining money and reinvest into more inventory as well as be able to put some aside for savings.
My goal this spring is to do this on Apron Thrift Girl. I'll take $10 and buy something at a sale. I'm hoping to do this as a three month project to see how much money I will make from the originally invested $10.00. What do you think? Maybe call it Project ReSell? Would anyone want to do this project along with me on your blogs?
What I love about ReSelling is that you can virtually start an entire business with so little money. It isn't like some multi-level marketing companies where you have to spend a couple hundred dollars on starter packages. I've done that twice. Really you don't even have to spend any money in the beginning. I'm guessing that if you looked around your home you probably have something that you could ReSell for at least $25 if not more.
Taking your $20 or $10 might be the perfect way to test the ReSelling waters. If you click on the ReSelling category there are many posts on how to make money from ReSelling. The posts include tools to help you, where to sell your inventory, what to sell, finding your niche and so on.
Are you ready to give ReSelling a try?