For those of you wanting to make the move towards self-sufficiency in a career, or for those who are just looking for extra income, I am writing about buying and selling as a source of income. I think with a little practice, anyone can learn to make money by reselling things. So far, I’ve provided some background information and given some insight into pawn shops as well as ways to acquire inventory with no money or very little.
Stihl Concrete Saw and Wheeled Carriage (continued)
Let’s continue to look at an example of one ways I made money reselling through a purchase of a Stihl concrete saw and wheeled carriage, purchased for $30 from a pawn shop. I originally thought I’d disassemble it and part it out on eBay, but then I reconsidered.
Parting Something Out
In the case of the concrete saw, research showed that I could have gotten something around $400 for the parts, but I decided to try Craig’s list again to sell it as is. My thinking was that it would probably take two months to part it out, and the draw back to that on something as well used as this saw was that maybe a quarter of the folks would claim that the part was worn more than they thought it was or was not described accurately and want their money back. Besides the frustration of dealing with a complaint and the potential for hits to your reputation score, you have to mess with returns and relisting the part. I think parting something out is still a valid way to enhance your profits, but it needs to be something you are familiar with and can accurately describe.
Continue reading“Making A Living As A Reseller- Part 3, by BIF”