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Thanks for sharing that link jay, I am mega surprised by the prices of those you found, must be very different in the U.K. as I would accept £400 for the lot. I believe I have a good idea of each items value but because it’s very niche, it’s all about the right person seeing the items. A key factor here would be delivery cost. I did work with a courier when sending larger items and the minimum fee was £7. This is obviously too high for these models. How much would it cost you to send a small item such as a Lilliput model ? I’m sure you’ve nailed down your options and are very optimal in your processes.
The truth is they’re probably worth up to about £2k but I just want them gone now ! I will try small lots and see, thanks for your input, i came here specifically for an experienced second opinion. (That’s you by the way) 🙂Best
Thanks for your response Amatino
It seems obvious but i hadn’t considered these things in the past so thank you for that. I’m not so active on Facebook but i will try it if i can remember my password!
As well as trying what you said about “for sale” or “sold” signs, i was thinking something similar knocking door to door to offer my selling services to others to then take a percentage. I’m not much of a salesman but the fact is I’m able to sell items quicker and for more money than the average Joe perhaps, and can also deliver as i work with a courier. Its just another branch of consignment i suppose but i haven’t tried that yet, of course you’re right it takes guts but anything to make a living, i don’t really care! I’m currently writing down all the different methods and trying them all. The goal really is consistency and sustainability in where you get your items, automation would be great that’s another level of business for now!
Is “Scavenging” what you do for your main source of income? i’d love to know your story, things sound simple on paper but take dedication to turn them into profit and really follow the vision you had when you started. – Craig 3 16 😉
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Hiya Jay
Thankyou for writing,
Great idea, I will look into estate sales and see if there is any local potential, its not something i truly considered before, i would guess that we do something similar over here anyway!The link here with looking from charity shops to auctions, to anywhere you buy something in general, is you need the knowledge of knowing what sells and spotting the profit.
This will come with time and experience one would assume, but consignment was a way where i could do this without risk – (if their item sells there is profit, if it doesn’t i’m able to give it back)
However as you say there are complications with this, just because it has made most of my profit so far it certainly hasn’t made me enough money either!I will get back to you on our trial of bespoke, self made items! I wouldn’t start this without the necessary or desired expertise on hand, but profitable or not i always give everything a shot at least once!
I’ve been selling on eBay (and 3 other sites) in total now for 12 months, the majority of my profit has come from furniture, I’ve sold some really expensive Bo Concept furniture in which i was lucky to get for free, some was consigned to me, some was invested in.
I have a fair bit of knowledge with furniture and have had to restore plenty in this time. Though it was profitable it was time consuming; 2 man lifts, large transport costs, my courier service broke a leg once! in the process of a claim now.. storage. etc.I also saw on your podcast the latest sale was a wooden boat steering wheel if i’m correct? i can never see this selling where i am! Not to be the pessimist its certainly not an item i could buy upfront hoping to sell on! well done on that one.
i would love to hear your view on how you took your business to the next level, obviously you weren’t alone but i think you’ve done well enough to justify !
I guess much comes down to commitment of chasing items to sell, taking some risks, learning more with trial and error, and putting money into potential, rather than here and now.Best
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