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Jay, my favourite returns place does two or three returns auctions per month, every month. They are 3 hours away so I need to buy enough items to justify the gas and/or truck rental.
It occurs to me that my place is pretty close to an Amazon warehouse. That might be a key factor in finding a good one.
I bumped into my first returns auction about two years ago. The auction was run by an auction company that’s been in business for decades in the brick and mortar world. The returns auctions are done online.
They don’t ship. I live about 3 hours away from their physical location. Also, they don’t do pallets, which is better. Each individual item is photographed and described. To me, buying pallets is like buying a lottery ticket or mystery prize. No thank you.
I’m in Canada but I think the US has maxsold.com which I started using occasionally a few years ago. I’m sure you’ll be able to find traditional auction houses in your region who have moved online and do regular online returns auctions.
I did well on my first auction. Prices were comfortably low for reselling. I bought a bunch of high end shoes and boots from established brands. I was wary of buying any small appliances or electronics that might have been returned because they didn’t work.
The shoes and boots sold well on eBay with the average price close to $200 and I paid no more than $50 for any pair. If I remember correctly, I bought ten or twelve pairs and sold all of them within a year with most selling in the first 6 months.
I’m an eBay guy who also does a lot of local selling too.
Amazon selling is not for me but these auctions would be great for that.
Not just eBay but a lot of local selling too.
For me it’s a very active side hustle that I’ve been doing for about 15 years. It’s served as a buffer in lean times a bonus in good times. I do depend on it but the time I put into it depends on how busy I am with other revenue generating activities. It has allowed me to quit bad jobs and turn down weak contracts a few times over the years. When I have the time, I spend it sourcing and listing. When I really need the money, I know that increased time and effort will always see me through. Hourly jobs and salaries don’t always produce higher revenues through harder smarter work. eBay and local selling always do
So,selling has given me freedom above all else. Freedom from financial stress, freedom to be choosier on my contract work and the the piece mind from knowing I can always fall back on reselling in difficult financial Times.
What Macintosh stuff did you sell? I just picked up a Macintosh C11. I want to have it checked out by a pro before i list it. Hoping to price it at $1,500.
