Ideas to Make Money Buying & Selling Things

Buying and selling the right stuff can make you money.
Buying and selling the right stuff can make you money. (Image: Grant Faint/Photodisc/Getty Images)

From collectibles to commodities, there are plenty of opportunities to buy and sell the items of your choice. You can deal online, through various online auction sites, classifieds and brokerages, or you can buy and sell in person, setting up shop as a vendor at your local flea market, church bazaar or yard sale. You can spend much time at these endeavors with little profit, so take care in deciding what you buy and for how much.

Online Auctions

Online auctions are all over the Web, from the giant in the field, eBay, to penny auction sites and electronics, automobile and jewelry auction sites. Penny bid auction sites are popular with people who are looking to pick up goods for low prices, making bids at pennies at a time. Winning bids in penny auction sites can be problematic with many bidders placing winning bids with seconds to go before the auction’s closing, but, if you can get a bid in before others, you can land deals up to 99 percent off on flat-screen TVs, cameras and other merchandise. After you have purchased merchandise at penny auction sites, you can resell these items at auction sites such as eBay or you can sell them yourself through other means. Other auction sites focus solely on specialty goods such as jewelry, electronics and vehicles. The same concept applies and you can find good enough deals to make a profit reselling well below retail.

Flea Markets

Flea markets are good places to shop for and resell stuff. Vendors can purchase a stall for a reasonable price and resell items at discount prices. When trolling flea market aisles, you’ll want to purchase items that move quickly such as slightly used children’s clothing, collectibles and fad items that attract a crowd such as pencil toppers and designer rubber bands. You’ll need to haggle for whatever you purchase so you can get a good price when you resell the items later. You can sell things you might have purchased on online auction sites, yard sales, through classified ads both online and in print, and your own old stuff. Another key to successful flea market selling is to make sure you have enough variety and quantity to fill your stall. Whatever you are specializing in, whether it is children’s clothing, cheap electronics, jewelry or gift items, you’ll want to have enough to attract those visiting the flea market to your stall.

Yard Sales

Neighborhood yards are a rite of spring in many places across the nation and a good venue for selling not only your old stuff but also the things you have purchased at places such as flea markets and online auction sites. Those who visit yard sales are usually looking for deep bargains, so you’ll need to price your items at low prices. If you have purchased items such as electronics for 95 to 99 percent off retail value, you can afford to sell your items cheaply. You’ll also want to sell children’s clothing, tools and household items that you may have bought somewhere else.

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