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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Tip: Polish Up Your Goods Before Reselling Them

The secret to running  successful buy-sell storage auction business is to fetch as much money for your goods as possible. This should come as little-to-no surprise to seasoned storage auction hunters, most of whom are well aware of the importance of pricing. You want to obtain abandoned self-storage units for the lowest price possible, while turning around and selling its contents for the highest possible price. So, how can you fetch top dollar for your goods? Rather than trying to …

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Valuating Your Newly Acquired Items

Bidding and winning a storage auction is just one step in the process of running a successful buy-sell business. Once you’ve cleared out the contents of the unit, you’ll need to try to and sell them. Unfortunately, this is where many entrepreneurs mess up. They either mark up the prices too high, or too low, both of which are equally as bad. So, how do you know what price to set for your newly acquired items? Depreciation of Electronics Most …

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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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Retail Hiring Mistakes To Avoid

A team of dedicated and skilled employees is necessary to run any retail store or business. Whether you plan to purchase a preexisting store or launch one from the ground up, you need to carefully choose the right workers in order for it to succeed. The additional time and energy it takes to analyze each and every candidate will pay off with a more efficiently run business. Keep reading for a breakdown of the most common retail hiring mistakes. Lack …

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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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Tips For Throwing a Grand Opening For Your Store

New retail stores can benefit from grand openings in a number of different ways. For starters, a grand opening will naturally attract a greater amount of customers. When people see the sign for a “Grand Opening,” they are more likely to check it out. Even if they don’t purchase anything, the increased brand exposure from a grand opening will prove to be well worth it. Of course, grand openings also give you a chance to make your store known in …

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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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Preparing Your Store For The Holiday Rush

With the holiday season right around the corner, retail store owners should start preparing now for the massive flood of shoppers. According to the National Retail Federation (NRF), holiday sales last year came to roughly $579.5 billion, which was up from 2011’s $560.2 billion. And while the nation’s continues to struggle, analysts expect this year’s retail holiday season to be even more successful. If you’re the owner or manager of a retail store, keep reading to learn some simple ways …

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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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Estate Sale Success

A Weekend Schedule of Sales Estate Sales, Garage Sales, Flea Markets and Junk Stores are a weekend ritual for me. I figure out my Itinerary for a Saturday Journey by putting into my agenda the address, time and special sale items as advertised for each type of sale. I load up on my quarters and one-dollar bills and drive the planned route. Some of the sales are loaded with shopper’s spending money like they have been lost in a gold …

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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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Swip Swap – A Facebook Adventure in Sales

Swip Swap   Everyone likes a little extra cash!!! Whether you are cleaning out the Storage Unit that you just won at auction, The garage Or the basement, There is a NEW WAY to sell your STUFF!!!!   Shutterstock/John T Takai It’s TOO Hot/Cold for a Garage Sale I whine!! Garage Sales in Florida are like garage sales in the northern tier of the country.  They are seasonal!  No one has a garage sale in Michigan in February!!! Not only …

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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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The Art of Taking Pictures of Items for Resale

Taking Pictures of an item that you wish to resell online is just as easy as “Point and Click,” right? WRONG!!!! There is an Art to taking GOOD Photographs whether for your memory albums or for posting a picture of that Beautiful Vase of Aunt Edna’s that you no longer have room for and really, really think you can sell for 100 buckaroos! Photographs are like books.  They tell a story: The who, what, when, where, why and how of …

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