Pricing for Resale

5 Tips to Sell Your Items Faster

Whether you acquire items from storage auctions, yard sales, estate sales or a combination of all the above, you’ll need to sell them quickly to sustain a profitable business. The sooner you sell a product, the sooner you can move on to the next venture. So, what steps can you take to sell your items more quickly? Create a Sense of Urgency One effective tip to sell your items faster is to create a sense of urgency. Whether it’s a …

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5 Tips for Spotting Valuables at a Yard Sale

Bring Your Smartphone If there’s one item that you don’t want to leave behind when shopping at yard sales, it’s your smartphone. Aside from the fact that you may need to call someone, having a smartphone will allow you to price check items on the fly. If you see a vintage guitar, for instance, search for the make and model on eBay. This will give you a better idea of how much the guitar is worth. Shop During Day One …

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Storage Auction Tips: Valuating Collectibles

Learning how to accurate valuate collectibles in the buy-sell storage auction business. Some items you’ll come across have an obvious monetary value, but others are more difficult to determine. This is particularly true in the case of collectibles like vintage baseball cards, autographed memorabilia, dolls, coins, etc. So, how do you know what these collectibles are worth? Before we begin, it’s important to note that the value of a collectible (or any items for that matter) is subjective, meaning it’s …

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Why You’re Failing to Turn a Profit at Storage Auctions

So, you’ve finally made the decision to participate in storage auctions but are unable to turn a profit? Like all business ventures, there’s no guarantee of success in the buy-sell storage auction biz. Sometimes you’ll turn a profit, and other times you won’t. With that said, many beginners are guilty of making one or more of the following mistakes. Bidding Wars I’ve said it before and I’ll say it again: do not get into bidding wars with other bidders at …

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5 Things To Consider When Renovating Your Store

Renovations are a great way to improve the aesthetics and function of a retail store. As more and more shoppers continue to walk through the doors, you may find that your current store isn’t physically large enough to comfortably accommodate everyone. Thankfully, you can solve this problem by performing some renovations. Before you go hiring a contractor, though, there are a few things you should consider. #1) How Will It Affect My Normal Business Operations? Small renovation projects may have …

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Tips For Launching a Retail Jewelry Store

Running own jewelry store is a fun and rewarding endeavor that gives you the opportunity to build and grow a profitable business while helping clients find the perfect jewelry piece of their dreams. The fact is that people are always looking to purchase jewelry. Whether it’s an engagement ring, anniversary present, Mother’s Day gift, or for no particular reason at all, you’ll find customers are always eager to purchase new jewelry. With that said, there are still some things you …

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Ways To Save Money When Opening a Retail Storefront

Opening a retail store can be a fun and financially rewarding experience that gives you the opportunity to build lasting customer relationships. Whether you intend to sell apparel, groceries, convenience items, sporting goods or practically anything else, though, the initial startup costs can burn through your available capital rather quickly. The good news is that you can a huge chunk of money by taking a few precautionary measures. Shop Around For a Location One of the biggest mistakes entrepreneurs make …

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5 Tips For Choosing The Right Location For Your Retail Business

One of the most critical steps in launching a retail business is choosing a location. The wrong location will negate all of your hard work by discouraging customers, but the right location will help you move product more easily and in less time. Whether your store sells apparel, jewelry, groceries, sporting goods, pet supplies, convenience items, or any other consumer product, you need to carefully choose the best possible location. Keep reading to learn 5 important tips on how to …

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Bring Customers Back To Your Store With a Loyalty Program

Hundreds of the nation’s largest retailers used loyalty programs to encourage customers to return back to their stores. Whether it’s groceries, electronics, sporting equipment, pet goods, apparel or practically any other industry, loyalty programs offer a simple yet effective way for store owners to entice shoppers to return. Tracking System There are several different ways to approach a loyalty program with your retail store, but the single most important element necessary is a tracking system. This isn’t an actual store …

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How To Make Your Retail Busines a Success

The highly competitive nature of retail business makes it increasingly difficult for new stores to succeed. Trying to muscle your way into the competitive world of retail isn’t going to work unless you take a different approach to your business. Far too many new store owners overlook this key aspect, resulting in a loss of revenue and profits. The bottom line is that new retail store owners must set themselves apart from their competitors to succeed; and here’s how you …

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Swip Swap – A Facebook Adventure Part 2

Swip Swap: A Facebook Adventure Part 2 Hometown Love At the moment, I belong to 30 different Swip Swap Groups …  all based in my little town!! Most of the Swip Swap sites I belong to are developed by folks who live in MY town and they are just for folks who live in MY town. When you post an item for sale, you will probably sell it to someone you know or a neighbor or friends from the grocery …

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flea-market-haggle

How (and when!) to Haggle at Flea Markets and Garage Sales

How to haggle at places like auctions, flea markets and garage sales can be difficult to navigate – how to haggle, when it is appropriate, when it’s not, etc.; are questions I get All the time!! Usually, we are at a flea market or garage sale when the whispered question comes up, “What should I pay for this?” And I usually answer, “I don’t know!” Honestly, I really DON’T know!!! But I base my idea on what to pay or …

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Estate-sales-amazing-find

Estate Sales – The Stories Behind the Belongings

While Estate Sales can occur for myriad reasons (such as during a divorce or anytime someone wants to significantly downsize their belongings), they mostly occur when someone  has either passed away or can no longer live on their own safely and must now reside in a nursing home or other facility. The family, relatives, friends or neighbors are left with the task of liquidating the “things” that made this person’s life and abode a home. It can be incredibly sad, …

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