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. This is the final part of the article series where I have gone over my experience with various resources and techniques for reselling. Let’s continue with a few more steps in my sample.
Another Tag Sale
It’s another tag sale. This time it was a bank foreclosure on a McMansion from one of the gated communities in town. The bank took pretty much everything that wasn’t nailed down and moved it to a warehouse for sale. Although I was unfamiliar with them, I bought three unused camera backpacks for $12. These bags had a high-end suspension (shoulder strap) system on them and had not been used. This tipped me off that I should look closer. After I got home, a quick check on the Internet showed that they all retailed for over $100 each. I resold them a week later on eBay for $145. My total proceeds at this point is $451.
More Stuff For Your Own Needs
While you are looking for stuff to resell, don’t forget about your own needs. At the same tag sale, they had the high-end dishwasher out of the kitchen at the McMansion. The kitchen was undergoing renovation, and they had moved the dishwasher to the garage, making it eligible for the bank to repossess it. My dishwasher was making some funny noises and seemed to be on its last legs. For $10, I ended up with a newish Bosch dishwasher that was originally over $800. Again, don’t be afraid to take a chance and remember to shop for yourself, too. After switching it out, the “new” dishwasher worked fine. If it hadn’t, then I would only have been out $10.
Continue reading“Making A Living As A Reseller- Part 4, by BIF”