Gold and sterling below spot are always great finds! Yesterday I found $13 worth of gold filled pins for $1. I find silver every few weeks, but I have only found solid gold twice in my life at garage sales - out here there many very aggressive pickers and the supply of precious metal is limited, partly because most people move out of state when they retire and partly because of a highly educated population. I find bargains on gold filled pieces a few times a year because a lot of people still ignore the stuff.
I find that moving sales tend to produce some of the most outrageous buys, and have less competition than estate sales.
everything wrote:do you have a short list of things your grabbing up that you can flip, and which avenue do you move the items. I never know what to go for.
A list? If I gave you list of everything I'm looking for, it would break the character limit per post set by this BB system. Also, what works for me may not work well for you. My general advice would be to start with what you know, and occasionally try a new item or venue. Here are my general outlets:
scrap - My main business is electronic scrap. I've never counted all of the categories, but I deal in around 200 different materials, everything from light iron and base metals, all kinds of electronic scrap, exotics, and precious metals. Scrap is my favorite find aside from cash itself because it's the fastest money, and it's my specialty where I have the most advantage.
direct sales - Tied with scrap for my favorite category. Given a choice, it's always better to do business with someone you've known for years. Their shopping list adds on to my shopping list! For example, I know someone who repairs power equipment. I'm always looking for deals on power equipment to give to them to repair and flip.
flea market - I have access to a great flea market near me, and I know what sells there. Often I get better prices there than selling items online, and it's defintely easier and faster money.
Amazon - Amazon is an easy and stable platform to sell on, but difficult to setup an account and get started, and a lot of categories are gated now. However, I've had an account for years so I use it.
eBay - I still find the occasional item to sell here, but the platform has become very unreliable. Still the best place to sell some items.
craigslist - Great for vehicles, appliances, furniture, and also for meeting local people. Profit margins tend to be larger on larger items, because the homeowners want the stuff gone and a lot of my competition doesn't have a large enough vehicle to move it or space to store it.
auction house - Some items do better at local auction than anywhere else. I'm also always looking for a find to send to a high end auction house.
consignment shops - Some items do better at specific consignment shops. I deal with two right now.
Also, I'm looking for:
tools and supplies - For business use and personal use. See all of the categories above? Cutting tools for scrapping, display pieces for the flea market, packing supplies, etc.
clothes - Yesterday I bought 6 shirts that fit me for $0.50 each. I rarely shop retail.
items for my hobbies - Which as you may guess, are many.
consumables - Motor oil, cleaning supplies, food, booze, ammo, etc. A couple of weeks ago I bought new boxes of cereal for $1 each. One of the best garage sales I ever went to produced 2 free bottles of wine.
cool and interesting stuff - It's always great when I find something I've never seen before and know nothing about.
I'll add one more category that I'm always looking for:
people: - They are my greatest resource. People to buy and sell with, and friends, too! My best business over the years has come through word of mouth. Behave yourself when out sourcing and consider carrying business cards. I'm always amazed at the niche businesses I find people running out of their homes and garages. You never know who you'll meet, what you'll learn, or the stories you'll hear!