I went to the Baby and Kids market last weekend, near when it was closing and had a look around for bargains I could sell on. I had a budget and a limit on what I would pay for things. To some, this is dodgy, but to me, it is good business sense. I looked out for things that I have either sold before or I know will sell.
I ended up only spending $25. The items I bought I will be able to sell on for $85. So provided they sell, I will have made $60 on my $25 investment.
I do this a bit, but I know which items are worth buying. I know which ones I will be able to make a profit on. It has taken a little bit of research and trial and error to find my little niche, but now that I have, it is great.
I deal mostly in books. I also occasionally will get good maternity items, but they have to be under a certain price and I will only purchase certain brands. Occasionally I will come across other good brand things, but I have found certain books sell over and over again, yet are so easy for me to find cheaply.
Also this week I sold items on eBay, plus did a few haircuts. So between that and what I already, after fee’s and last weekends’ spending, I have $200. Nowhere near my weekly amount, but I am getting there!
Slow and steady wins the race? Well, I will need to pick up speed if I am going to achieve my goal!