So most of you have seen me post "hitting the treasure trail today". You probably wondered, OK maybe you have never given it a thought, but you will find out today what that means!
For the past 15 years my hubby has made our living selling on Ebay. He was doing ebay before most of you ever heard of it. The first day we had a computer hooked up to the the internet hubby typed in the word "Auction". He found the little newbie place called Ebay, not quite a million things listed. They were up and down all the time, with problems and servers named after reptiles! Randy was in heaven!! 36 years ago when we were dating I introduced him to his first auction and things have gone crazy since then!
Randy started picking up antiques, and going to auctions and flea markets looking for things to sell. In the beginning if I wasn't with him, he would call me and have me do the research on the item. Research means you go on Ebay, go into the listings for completed auctions and see what things sold for. You CAN NOT go by what people are asking for items. So many have their heads stuck up the place where the sun doesn't shine and they just pay for listings and never sell anything! I love to go to places and see printings of ebay listings taped to an item. The price is huge, but when you go into completed listings you see something is selling for $50 regularly and some twit is asking $150. You can't do apples and oranges on Ebay and expect to make a living. You also have to be prepared to carry around a lot of useless information in your brain. You have to know that something has value, you don't have to know how much value because that does change. Plus that is where smartphones have made our life a little easier!
So our treasure trails consist of loops we take in MI. We have several we do regularly. We hit Goodwills, Salvation Armies, Volunteers of America, Hospice thrift stores, Habitat for Humanity Stores, Mission resale shops Etc. Occasional auctions, flea markets and in the summer a few Fridays we do yard sales. If we do what we call the Lansing Run we hit 15 stores, Grand Rapids is close to 30 stores, locally we have 8 stores. On a lousy day $100 to $200 of resale value, on a good day $500 to $1,000. Our investment is 10% to 20% of what we expect to sell the item for. Higher priced items can be 50%. It's all a crap shoot, but it works for us!
So when you are setting down to dinner, or in front of the TV my husband has dragged me out to hit a few local stores. He loves to find something that will pay for dinner, or just needs more goodies to write up!
We will walk the store, looking for the unusual or things that we know have value. Remember the useless info we carry around in our empty heads. Oh, Oh hubby has spotted something!!
He has spotted a sliding door insert/pet door! Now we know these things use to be around $100, because we checked into getting one for our big babies. The price is $19.99 so here is hubby reading the information that was tapped to the box. Looks like the original owner, never got around to installing it and all parts are suppose to be in the box. The great thing about Goodwills, is you can return the item. Many times an item does not have all the parts, or doesn't work and we have to take it back.
Ok, time to pull the cell phone out, check out what the EXACT thing sells for on Ebay. Not what someone wants, what they have sold for! Hubby finds this item sells for $100 - $150 and it is added to the cart.
Now we have something to sell. On my next blog I will show the work that goes into inspecting, cleaning, gathering listing information, writing the item up, taking photos, and actually listing the item. That doesn't even cover the dimwits that ask questions that are covered in the listing, or other silly things potential buyers ask!!! Oh, I forgot most of the time, the items has to be packaged and shipped too! It, just means hubby works 24/7 most of the time, which is the reason we are getting rid of everything and giving him some retirement time!! Oh, shoot he will still do Ebay for the fun of it. Why throw away all that useless information you have been carrying around in your head all this time. Plus we really do enjoy it, just don't want to have to depend on it to cover the bills anymore!!
Enjoy another week and I will see you in a couple of days!!
Dilly