I refer to this as little $10,000 per month strategy trading, because it not just makes use of common trading marketplaces, but in addition because the goods are going to only be in your possession for a short amount of time.
You can also consider it as flipping goods, because you are going to be purchasing products at a low price and retailing for a tidy income.
You are most likely wondering what types of products you can flip.
If you have read the rest of this article, then you definitely know the answer. Particularly, you need to look for a eager sector first and then provide them with exactly what they are already purchasing! And as usual, be sure to specialize by focusing on one ravenous niche.
Tip: Unsure exactly what to sell? If you have any kind of fascination with antiques as well as keepsakes, then that is one opportunity you might want to engage in. Selling antiques as well as collectibles is virtually recession proof. Even in case the revenue slow for a while, the price almost never goes down (as the overall trend for the price of an antique is to rise every single year).
Now, just what makes this $10,000 approach unique from some of the others we have mentioned will be the following two points:
This strategy concentrates exclusively on physical goods. You are going to have your telephone ringing off the hook with individuals who want to sell their goods to you for dirt cheap!
Therefore, just how does it work? In this way:
1) Determine what goods you are planning to sell. Perhaps you are going to market collectible pocket watches, basketball cards, unique paintings, jewelry or anything else. Look for a hungry industry who is presently buying these products, and you will be operational.
2) Study all you could about these products particularly if they are antiques or collectibles. Determine exactly what markings cause them to become extra-rare (and valuable), as well as exactly what could deter from the price. Research eBay closed online auctions to get a feel for the selling prices of these goods.
3) Obtain cheap goods. After you already know the minimum these items generally sell for, then look for products for less than that amount.
Example: In case you have comprehend that a particular type of pocket knife sells in a range of $50 to $125, with most selling for around $75, then your job is to buy these knives for under $50.
Listed here are the very best sources to find these products (or to have buyers contacting you):
a) Put an ad on CraigsList. If you are dealing in small products that are really easy to ship, then you could place ads in cities miles away from you. Don’t make the advertisement about yourself make it about the gains the reader will receive (e.g., Get money for your old pocket watches).
b) Put want advertisements in your local paper.
c) Put want advertisement pamphlets in your neighborhood.
d) Ask for referrals from everyone you know, particularly those who have sold something to you in the past.
e) Head to local rummage bargains, flea markets and estate auctions.
f) Search online auctions (such as eBay or even niche auctions) for mislabeled goods, misspelled items, products with poor information or pictures, and so on. You can get bargain-priced items which you can quickly flip for a revenue.
Once you have the items in hand, all you have to do is take good pictures of them, write compelling auction descriptions and immediately flip them on eBay, niche auction websites, Yahoo! Auctions, or even on CraigsList.org.
Once you have built up a buyers list, then you could start selling these items directly to your list.
Video Marketing is a concept which facilitates and motivates people to pass along marketing clips about products and services. This could be achieved through Social Media Marketing, an effective method that will get you links, attention and substantial numbers of traffic by advertising your site or organization through social media avenues.