Buy new and holding for sale

[deserdog]

Have you ever bought new items to hold onto and then sale on Ebay? Some can suprise you, I have bought Charles Wysocki puzzles new at a store, and put them away on a shelf for several years and sold them for 4 or 5 times what I bought them for.

 

[Beachkid23]

I've only done this if the store was going out of business or after I went shopping on Black Friday at 7 AM. Sometimes I'll pick up clearance items at target really cheap. But I have so much inventory now I don't do a whole lot more of that.

 

[GibH]

Way back when, I found a bunch of My Little Pony stuff at Big Lots. It was already a couple of years old, and deeply discounted. I've also got some Imaginext stuff that I've had for years. I didn't buy it, my wife did. She died and I've never gotten around to selling it.

For the most part, I don't want to buy stuff to hang on to. 5X your money sounds good, but I can do that with stuff I buy at thrift stores and garage sales. I don't have to store it for long either.

 

[Beans]

When Hastings went out of business I bought a lot of Animie figurines. My son says yeah in 10 years I may double your money. D'oh

 

[masterjedi]

When you could sell BB guns on eBay, every year I would go to Walmart and buy 20 Daisy Red Rider BB guns for like 17.95 ea new in the box, then put them on eBay for $39.95 and sell every one. Fast quick profit. Remember every small town does not have a Walmart.

 

[KangaWoo]

I bought a box (containing 24 sealed boxes) of Topps mars attacks cards, in 2012/13 for a great price.

I think it worked out to be about $20 aus a box at the time.

I recently sold a couple for $55 each on ebay.

Every now and then i will place a box on ebay, but i hope there will be another remake or resergance in years to come, and the price may skyrocket for factory sealed boxes. Another twenty odd years and they will be vintage

 

[Jayers]

My wife buys new items from an online retailer - won't say whom, but it's home decor- watching very carefully for historically popular styles and decorations, and items that are running low stock. She waits til they are sold out and them puts them on ebay. Does quite well. We have also bought limited run items at local retailers and sold them on ebay for 2x to 3x.

You have to know your stuff, what you're selling and if it's in demand. I one time bought several BB-8 droids from Star Wars, even Ebay said they were in demand. Then whole new round of supply came out and the bottom dropped out. I luckily returned mine and got my money back.

 

[Paleo_joe]

Coming from a manufacturing / operations background, to me inventory is evil. It ties up cash and space, it gets lost, it goes stale and out of date. If I can't flip it, I walk away. But I am the exception -- I stand in line at estate sales with dealers renting storage units to hold all their stuff.

 

[AlienLifeForm]

 

[trdhrdr007]

Coming from a manufacturing / operations background, to me inventory is evil. It ties up cash and space, it gets lost, it goes stale and out of date. If I can't flip it, I walk away. But I am the exception -- I stand in line at estate sales with dealers renting storage units to hold all their stuff.

I'm mostly the same way. I try to keep inventory levels as low as possible.

 

[Keith Jackson]

A coworker of mine will by stuff on clearance from a particular retailer and then flip it immediately. I don't have that kind of luck. That and you need the money to front the whole operation.

 

[oredigger62]

I buy a lot of items from Dollar Tree such as the garment bags ( gown size ) and also bed sheet keepers. Buy of a dollar and sell for five plus shipping . Sold 1700 last year of just these 2 items. I was buying the minion bandaids as well as several other items . The garment bags were selling 10 at a time for bridal parties.. I flip a lot from other retailers . I stockpile all the lego sets as they get marked down... always a good investment.

 

[masterjedi]

Quote Originally Posted by Paleo_joe

Coming from a manufacturing / operations background, to me inventory is evil. It ties up cash and space, it gets lost, it goes stale and out of date. If I can't flip it, I walk away. But I am the exception -- I stand in line at estate sales with dealers renting storage units to hold all their stuff.

I'm mostly the same way. I try to keep inventory levels as low as possible.

It depends on how much cash you have available to you (cash makes no money). If you can make 50% to 1000% on the items you buy with cash you would be crazy not to stock pile. Better than any savings account, bonds, 401k's, retirement plans...etc.

Even if it took a year to sell.... where else can you get 50% or more on your money. The guys that stockpile understand this and have the cash.

Good luck...

Gary from Oregon

 

[trdhrdr007]

It depends on how much cash you have available to you (cash makes no money). If you can make 50% to 1000% on the items you buy with cash you would be crazy not to stock pile. Better than any savings account, bonds, 401k's, retirement plans...etc.

Even if it took a year to sell.... where else can you get 50% or more on your money. The guys that stockpile understand this and have the cash.

Like a lot of people here I've been buying for resale for quite some time. It's been my experience that it's next to impossible to tell the new products that will increase in value from those that won't. The evidence for that statement is in every thrift store, hoarders house, estate sale, etc where the good items are buried in a sea of crap. I've got plenty of money available for guaranteed 50-1000% annual returns. I'd appreciate it if you could tell me exactly which products I should be buying.

 

[Paleo_joe]

"It depends on how much cash you have available to you (cash makes no money). If you can make 50% to 1000% on the items you buy with cash you would be crazy not to stock pile. Better than any savings account, bonds, 401k's, retirement plans...etc.

Even if it took a year to sell.... where else can you get 50% or more on your money. The guys that stockpile understand this and have the cash."

I don't buy if I can only make 50%. You will go broke with a 50% margin before expenses. I look for 5 or 10x my money or I walk away.