Selling used items online can be a lucrative business. Every day, people search the Internet for a wide variety of rare, unusual, antique, vintage, collectible or nostalgic goods. Here are five places where you can find second-hand products to sell online.
If you look carefully, eBay is a rich source of used goods. Look for products that haven't been listed well, buy them at low prices, and resell them for their true value. Items that haven't been listed well include those that are difficult to find when searching. They may, for example, have a spelling mistake in the title or be listed in an inappropriate category.
The starting prices of some items may be a lot less than their actual value, possibly because the sellers are unaware of their true value. For this reason, it's a good idea to specialize in a particular niche and search the eBay listings regularly for items that are likely to sell for a lot less than their actual value.
These websites may attract less traffic than eBay, so you may be in competition with fewer potential buyers when bidding or making an offer. Some examples of such websites are Craigslist, PublicAuctionFinder.com and local auction houses.
This is a good strategy if you have specialist knowledge of a particular type of goods and you know how much you're likely to make if you resell each item online.
You could also enhance or upcycle inexpensive items you've bought at auction before selling them online for a profit. For example, you could benefit from the trend towards vintage furniture by purchasing pieces in less than perfect condition, and painting, repairing or otherwise improving them.
Some items can be purchased very inexpensively at yard sales, garage sales or estate sales and sold for a good profit online. For example, you might pick up a box of books for $1 at an estate sale and find out that one of them is a rare and valuable first edition. Even if this isn't the case, you're certain to make a profit if you resell each book individually.
There are many other sources of used goods and spare parts, including:
At these locations, avoid buying items that may not work properly, such as electrical goods, and items such as jigsaws that may have missing parts.
Specialize in one or two niches so that you build up expertise and become well-known as an online supplier of difficult-to-find products in your specialist areas. At first, look for inventory in as many different places as possible. After some time, you'll discover the best sources of second-hand goods in your particular niches. You can then focus on buying from those sources on a regular basis.