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Earn Up To
$750 In Your Spare Time
Do you have a garage filled with unused furniture, household
goods, broken appliances or outgrown toys and clothes? Maybe your neighbor does,
or your relatives do.
The return to recycling old and used objects is more popular
than ever. There are swap meets and flea markets all over the country where
people buy and sell objects - AT A GREAT PROFIT!
Maybe you know how to repair simple motor-driven tools, or
can refurbish battered furniture. You can turn that skill into money.
Are you clever and somewhat artistic? The market for handmade
crafts is higher than it ever was. Maybe you'd like to make quilts, or candles,
or decoupage plaques become hard cash. Rummage sales are great ways to change
unused items into money. And it's easy. You need to overhead, very little time
and effort, and make pure profit.
Perhaps you have church bazaars, school fairs, or crafts
shows that occur seasonally in your area. Fall and Spring festivals are great
places to sell everything from handmade dolls to recycled lawn mowers.
Are you ready to turn stored potential into real money? Just
review some of these tips and you'll find you can make more money than you could
ever imagie from seemingly worthless objects.
Starting right now, you could gather and produce enough to
sell next weekend to make over $750.00. And who couldn't use that?
WHAT WILL SELL?
ANYTHING WILL SELL!
You can acquire furniture and fixtures from basements and
garages; you can scout for throwaways; or you can offer to take away what people
don't need.
Household goods, appliances, cameras, bicycles, tools, baked
goods - you can sell any useful object. You can sell surplus goods, irregulars,
or nostalgia items. Antiques, or course, are always marketable.
Homemade woodcrafts, leather goods, photographs, postcards,
stamps and coins all sell quickly and at a good profit. Think about what you
have around the house. You probably have a whole truckload of things you'd like
to get rid of. Why throw them away? Turn them into cash for the things you'd
really like.
What can you make? If you think about it, you know how to
create things that can sell. What about making jewelry, wooden boxes, or working
with shells? Walk through a crafts fair and see what's selling. And those prices
have built in profit. With a little ingenuity, you can make anything sell.
GET INVOLVED
Selling used goods and handmade objects can be a great family
business. Swap meets and craft shows are friendly, communal efforts, where
everybody is making profit from leisure.
Younger and older members of the family can help refinish,
clean up or fix objects to increase their value. And, almost anyone can run a
small stall. What better way to make money than out in the fresh air and
sunshine?
Generally, rummage or garage sales are not long-term
endeavors. They're for getting rid of unused, stored, or old items not of value
to the owners. But they have great value to other people - you'd be surprised.
Swap meets or flea markets usually are long-running
enterprises, often only on weekends. They are on special empty lots, in parking
lots, or in stadiums. They are professionally organized and supervised by a
small group or individual, and require a fee to participate.
Craft shows are generally seasonal, and craft presenters
travel long distances to set up in the fairs. But they are excellent places to
sell high quality art and crafts at good prices. And don't forget the
fast-selling items for a couple of dollars.
AT A SWAP MEET
Start with going to a swap meet, find out what sells and at
what prices. You can find them advertised in the newspapers. Check the yellow
pages or ask at a local store that sells used goods.
If you're going to buy something in particular, be sure to
bring a tape measure or rope if you need to tie something to the top of your
car. Check retail prices for what you're looking for so you'll have an idea of
what the objects are worth. And never give the price asked. Always offer less.
Take a look at the type of people that are at the meet. Talk
to booth sellers and find out how much they sell. If others make a profit, you
can too. What things sell best?
THE ART OF BUYING
The most important aspect of buying and selling anything is
the price. KNOW YOUR PRICES. You might start with a certain type of goods such
as furniture or used appliances. Check with other stands to see how much things
sell for.
Look in the newspapers to see how the new items are priced.
You can respond to ads in the newspapers to see how much private parties sell
used objects for. Even pawn shops will give you a good estimate on the selling
value of things.
The best time to shop at a swap meet is early - just as it
opens. If you're the first sale of the day you'll get a better deal. Or, just as
the meet is closing is equally good. People are reloading items to take back
home; often any reasonable offer might be accepted, especially if it's for a
group of things.
Depending on what you want to buy, you have to know good
craftsmanship or whether or not something can be fixed. They key to buying and
selling is to buy cheap, and sell at a profit. So you need to know what can be
turned around into profit.
A genuine antique must be at least one hundred years old. But
period pieces can be very valuable if you know how to recognize them. Get to
know what things are worth. You have to be able to tell the difference between
value and junk.
Sometimes appliances such as vacuum cleaners, toasters, or
small hand tools can be easily fixed, cleaned up and resold at a profit to you.
But you have to know if you can fix it. Always bid low. Often you can pick up
something for fifty cents, a dollar, or two dollars, that you can turn around
and sell for ten. You should be able to judge the seller. Has that person been a
longtime regular at the swap meet? Then you may not get far. Usually, new people
who are just unloading old things will be happy to make a few dollars and get
rid of those things.
If the seller won't accept your low bid and you're not
willing to pay more, go ahead and leave you name and phone number. You'd be
surprised how many will call back because they couldn't get the price they
wanted.
BUYING IN LOTS
Go to your local manufacturers. They always have scraps,
leftovers, and close-outs that you can pick up for a good price - even for free.
You may be able to recycle scraps into something else. For example, fabric
scraps can be made into quilts or pillows. Leather scraps can be made into
clothing, bags and belts.
Sometimes a manufacturer may have produced a bad run of some
item that can be sold to you at rock-bottom prices. Irregulars are easy to pick
up and sell at a profit.
You may be able to pick up unclaimed items from cleaners.
Government surplus, police auctions and liquidation companies are great places
to get good items at low prices. Perhaps you can tap into the rental companies
that sell after the items are no longer rentable. Or check with contractors who
demolish buildings. You may be able to take out the light fixtures or things
left behind.
And never forget the TREASURE OF TRASH. Start with the
high-class neighborhoods. Often suburban towns may have a cleanup week in the
spring and fall. Or check with the local sanitation department and look at the
things placed at the curb the night before pickup. The again, there's always the
junk yards. A few hours in a good yard will produce lots of fascinating objects
that can be put to good use elsewhere.
RECYCLING
Buying something old or used, fixing it, and selling it is
the heart of recycling. Making something useful from a broken discarded object
is not only profitable, but it is an extremely worthwhile thing to do.
There are dozens of things that have a high resale value and
are the major recyclers. Sewing machines, typewriters, cameras, televisions,
bicycles and tools are great things to recycle.
You may be able to pick up broken objects at a rummage sale,
in a neighborhood's attic, or in your own garage. You could even pay a low price
for the object at a swap meet.
Anything with a simple motor or electric mechanism can be
easily repaired if you know a bit about appliances and electric objects. Often
only a simple part is broken or missing. You can find replacement parts by
getting in touch with the manufacturer or local hardware stores. Some people
choose one type of item, such as cameras or sewing machines and deal only in
that item. You people are interested in repairing bicycles, wagons, or toys.
Hand and power tools are great objects to recycle. They're
always needed and are easy to fix and repair. Perhaps something needs a new
handle, or prongs need to be bent back. Maybe you can find a replacement head or
spring. You may need to take off rust, oil the gears, or polish the surface.
What's the best way to make a broken or old object look new?
A coat of paint does wonders for almost anything. Be sure to clean it up first,
and paint it only in conservative colors. Bright objects have a limited demand.
Know what the objects are worth. Buy them for a little money,
fix them for a few cents, a replacement part, or a coat of paint, and sell them
for less then they cost new. You've made a good profit and you're well on your
way to making a steady income.
REFINISHING
One of the most popular items sold at swap meets is
furniture. Chairs, desks, dressers, TV stands - all have a selling value. Bur
many need to be fixed up to get a good price. The upholstery may be torn, or a
coffee table surface may have burns. End table and desks often get water marks
and spots.
Take a look at the furniture you have. Determine what it's
made of and how it was finished. Sometimes it may not be worth the time and
expense to refinish, but often you can turn a used piece into a showroom ideal.
Remove dirt and wax by cleaning. Wipe the surface with
turpentine, mineral spirits or wax remover. This will show you where the real
problems lie.
Maybe a chair needs to be recaned, or a child's dresser could
use some bright decals - there are many ways to fix up old furniture with little
effort.
Sometimes you can make patches, bleach out stains, reglue
loose joints or cracks. New handles or drawer pulls will spruce up a useful
piece of furniture.
If the piece is already painted, you might scratch a spot
from underneath to determine if it's hardwood. If you know furniture and are
good at restoring, you may remove the paint and refinish. If you're not so
versatile with wood, you can repaint.
But don't repaint a piece of wood furniture that has never
been painted. You could ruin it. You'll be better off refinishing it to increase
its value. You can determine if the surface was finished with shellac, lacquer
or varnish, and you can do spot touch-ups and repairs.
If you refinish, you may need to strip the surface of the
coatings already on, and restain and varnish the piece.
I'LL TAKE IT AWAY
Did you ever hear somebody say, "I'll pay them to take it
away?" Perhaps a member of your family who's tired of the piles in the garage or
shed wants to clean up. Or maybe a family is moving and doesn't want to haul
everything cross country.
You can cash in on others' castoffs. A good way to let them
know you're there, is by placing ads, in the local newspaper or recycler
magazine. It can be a blanket statement like, "I'll haul your junk," or "I buy
used household goods." Or, you may deal in only one particular item, such as "I
buy used cameras."
Leave yourself plenty of room to refuse to take things of
little value, or be prepared to quote a hauling and dumping fee. Set up a time
to inspect the goods being offered and don't commit yourself until you are sure
of their true value. You may need a pickup or a van to transport large objects.
With every load of goods, you'll have some treasures and some
worthless stuff. Although almost anything will sell, you can have an agreement
with a dump or recycling plant to take what can't be salvaged and profited by.
CREATIVE CRAFTS
One of the most rewarding and profitable ways to make money
in your spare time is with crafts. You can often get materials at cut-rate
prices and use them to create beautiful handmade objects that everybody wants to
buy.
Start with the easiest, inexpensive items first. Take a look
at decorating magazines and handicraft books for ideas and find the simple,
low-cost instructions that require no expertise and little equipment.
If you have many sources for castoff items, you will want to
consider recycling and making new from old. You can cut old bottles to make
vases or glasses. Or, you can make lamps from bottles or any object that will
fit the electrical switch and cord.
Rug hooking and braiding are good ways to use up lots of
fabric scraps and discards. They're something you can do in your spare time -
even in front of the television. For those who are good with woodworking: wooden
boxes, cutting boards, stationery racks and spice holders sell fast at the craft
shows - they're wonderful presents.
You might be interested in needlework. Crocheted aprons,
appliquéd dolls, needlepoint pillows are always good items. You can make a high
profit from handmade quilts or Afghans. What about plants? House plants in
unusual planters are clever items and go quickly if they're reasonably priced.
Dried flower arrangements draw attention if they're well done and in
nice-looking holders.
And don't forget ceramics. They're ever-popular at crafts
shows and can be put into any practical use. Not only can you sell cups and
saucers, but vases, pitchers, and bowls go quickly too.
You can make clocks out of any object. Clock kits are not
expensive and can be mounted on stone, wood, plastic or fabric. Think of what
will sell. Watch the craft fairs and check prices. How can you make a profit?
There are thousands of objects that you can make at home with
very little effort. And these produce a high profit. You can make jewelry,
handbags, bookcases or candles. At craft fairs, even paintings, photographs and
original design stationery are popular. What are you good at doing? Are there
crafts you always wanted to get into? Maybe you constantly make small items that
you give away at Christmas, like potholders, or birdhouses, or macramé hangers.
And everyone you know has one. Why not take them to market?
Be careful about pricing. Often crafts in the shows are of
excellent quality, but they demand an equally high price. If you need to price
your items high, carefully consider the wealth of the buyers.
A good way to make money fast is to create dozens of small,
two or three dollar items. You can set them up on a simple folding card table
with the price. Sometimes people will buy a small item on impulse because
everything else is too expensive.
Consider the difference between the practical and the pretty.
Crafts sell because they can be used, rather than hung on the wall or stored on
a shelf. Practical items are easier to sell. Craft fairs are not the only places
to display and show your goods. You can set up and sell them at swap meets,
church bazaars, or even on street corners.
Go ahead - try it. Make some homemade toys or Christmas
stockings or leather bags. You'll find it enjoyable as well as profitable.
LETTING PEOPLE KNOW
Advertising can be an inexpensive way to sell the objects
you've recycled. You might use a leader ad, which is a short line about an
object for sale. For example, "Typewriter, $75.00. Private party, and phone
number." If you buy and sell typewriters, this "lead" will produce a call, then
you can find out what the person is looking for. In fact, this ad will bring in
many calls, and you can sell several typewriters.
A single headline is better to use than plural. If, for
example, you used the word "typewriters," it gives the impression that you're in
business and wouldn't offer a bargain price. You can photocopy flyers to post on
bulletin boards in colleges, churches and factories. Perhaps there is a local
organization of, for example, camera enthusiasts. You might find out who's the
group leader and send that person a list of what you have to sell.
An economical way to advertise a rummage sale is by having
the local newspaper deliverers place a flyer with the papers. This will bring
neighborhood responses. And, of course, you can always put small ads in shop
windows, at supermarkets, or even tide to telephone poles. Consider what you are
selling and how you can reach those people who might buy. You may even be able
to use a small display space in a store appropriate to your items. Anything sold
would be at a profit to the storekeeper and to you.
HOLDING A RUMMAGE SALE
You've already cleaned out the attic, the basement, the
garage and the shed. You've done the same for all the relatives. And, you've
asked your friendly neighbors for their things, or if they'd like to
participate. Now what?
Choose a good time to hold the sale, and an alternate date in
case it rains. Usually, you'll only need to advertise by placing a few signs on
telephone poles in the neighborhood with arrows and the address.
Even if you think you have a lot to sell, use only one date.
If you don't sell it all, you can change your signs and have the sale to
continue the next day, or a day on the following weekend. Consider the value of
the things you have to sell, and how important it is to get rid of them.
Sometimes people who want to move or liquidate their property will sell at
almost any price. Here's a good time to buy. But if you can't get the price you
feel the object is worth, don't sell it. You may get the higher price later, or
save it for next year's sale. Although you should always ask a very low price
when you are buying used goods, ask a fair price for selling. But be prepared to
lower it.
If you have the sale on your front lawn, create perimeters so
people don't wander into your home. Be sure someone is always available to take
care of anyone looking at the objects you displayed.
There is an excellent market for everything, but few people
will pay for worthless things. Sometimes an old vase may get a couple of
dollars, but often it may be worth only a token quarter. Don't expect to collect
much from old memorabilia unless you know it has a good value.
RESELLING
You're ready to give swap meets a try; you have some items of
value to sell. You'll need to find out who is running the meet you want to join,
register, and pay a fee to be part of the market.
Get there early - before it opens - to set up at a good spot.
Regulars move up to prime locations. Take a look at the spots available. Where
are the good places? Keep in mind that you want buyers. Sometimes a front-door
center stop brings the largest number of lookers, but be sure the aisle is wide
enough for people to stop and talk with you about what you're selling.
You might want to do something to attract attention. Balloons
or crazy hats are noticeable. Performing a crafts demonstration will also draw
people towards your space.
Once people are looking don't let them walk by. See if you
can help them find something, or at least pay attention so they know you're
interested in them. Try a casual approach of mentioning some good points about
the objects displayed.
If you know the full value or your objects, don't sell for
less. As you build up your knowledge of handling used goods, you'll know that
people will pay a fair amount for what they want.
As a novice, don't get taken by the regulars. They'll try to
hit you up as soon as you unload your items. If you're unsure, don't take low
offers, wait until you get better bids later in the day.
Depending on what you're selling, you can have anything from
a folding coffee table to a mobile truck. You may need to just stake an area
with poles and ropes. Perhaps you want to raise a canopy to keep the sun out.
More professional swap meet dealers have portable booths to display their wares.
What image do you want? If you're selling jewelry, you'd like a stand with a
black velvet covering, something a little classy to show the value of your
items. If you're selling clothes, you may invest in some racks to make it easy
for potential buyers to look through the goods.
The real tips in buying and selling used goods at swap meets
are learned by attending them. You may be able to make friends with some people
who sell what you'd like to learn about. Perhaps you might volunteer to work a
few weekends so you can learn about the business.
SELLING FROM HOME
As a craftsperson, you may carry on a continual business,
selling at fairs and on weekends. You can sell objects out of the home.
Any ads you place in the newspaper should look like you're an
amateur, or just trying to get rid of a few objects. Bargain hunters shy away
from on-going businesses.
However, you might run a small shop out of your garage or off
the back enclosed porch. Some people have kilns and offer ceramics classes from
the barn in the back yard. Potential buyers will like the homey atmosphere and
will think they're getting a good price because it comes from the source.
Or, you may do woodcrafting from a basement shop, creating
beautifully carved or hand wrought items. Seeing a shop might bring more of an
impulse to buy. What better feeling is it than to get something from the person
who made it?
However, other things may be best kept in the back, under
wraps. For example, maybe you purchased a lot of five dozen lamps, irregulars
from the factory. You were able to fix whatever was wrong and made them of no
commercial value. If a customer saw the whole stock - dozens of identical lamps,
that person would think it was such a bargain.
Selling from your home can be as solid a business as if you
rented a storefront. You'll want to build up steady clientele, and have
referrals. If someone wants several items, give that person a special price.
Anyone returning time and again should get a discount. Good business builds
better business.
Use your discretion if you have a repair shop such as
typewriters or sewing machines. Sometimes it is better to display the many
choices available; sometimes it's better to just have a few and then pull out
more from the back.
Depending on the person, you might find that being reluctant
to sell such a wonderful object will push for a sale. Other people need to be
convinced about a good deal. Again, if you know comparative prices for the same
items new, you'll have better selling points. It's good business to offer a
limited guarantee with mechanical or electrical objects. A thirty-day free
repair warranty will often clinch a sale. And if you've already fixed the
appliance or hand tool, you would know that it would work.
WHAT'S LEGAL
You are required by law to report all income. But in the
business of buying and selling, you have so many deductions you can legally
take, that most of your earning are profit.
If you keep all the receipts from the objects you bought, and
all the receipts for the items you needed to fix up or repair these objects, you
can keep a fair and accurate account of your activities. A professional
accountant at year's end will be worthwhile. You'd be surprised at how much you
can deduct.
If you become a regular at the sway meets and crafts fairs,
you'll need to get a vendors permit and report the state sales tax. You can
check with the directors of the meets to find out the requirements for your
enterprise.
WHAT'S THE PROFIT
If you've given it a try, you’ll see that you can make a
sizable profit with selling used goods. If you just run a rummage sale, you
don't need to keep accurate records. But if you continue the business of buying
and selling, you'll need to keep track so you can tell what you are making.
Keep a record book or sheet that has five columns. In the
first column, write down the name of the object. The second column should be the
date you brought the item; the third lists the price you paid. The fourth column
is the date you sold it; the fifth column is the price.
The comparative dates will show you how quickly your items
are selling. This is helpful to determine which objects sell best. The
difference in the prices will give you the amount of profit. If you figure in
the cost of transportation, and the cost of fixing the items, you'll get the
amount of clear profit you've made. Not bad.
How much time are you spending? Keep track of the time you've
spent in acquiring this profit. Divide these hours into the amount of profit.
That's your hourly rate. How can you increase your hourly rate? The more work
you accomplish, the more you'll make. But look for ways to do several things at
once - to increase your profit. While you're at a swap meet or crafts fair, you
can work on your crafts or be fixing and repairing as you mind the stall.
Especially with handmade items, think of ways you can
profitably mass produce, making large quantities simultaneously rather than one
at a time.
The goal of these enterprises is to make money from the time
and energy you put in. And if you plan well, YOU CAN PROFIT.
MAKE MONEY NOW
The quickest way to get instant cash is to hold a garage sale
and unload all the unused, stored or broken objects in the house. You can hold
it next weekend, and, if you're like every other household in America, you can
make hundreds of dollars just from castoffs.
Swap meets are the best ways to continue buying and selling
items at a good price. To create a good situation for yourself, get to know what
happens at the swap meets. Go to all of them in your county, your state, or in
the neighboring states. Which ones sell high quality merchandise?
Talk to people who sell at those meets. How long have they
been in business? What kind of profits do they make?
It is essential to know prices and the true value of used and
refinished objects. How much do new ones cost? What is the market price? The
most important knowledge you'll need is how much things are work. Sell at the
highest price the market will hold.
You'd be surprised how little people know about how much
things cost. Sometimes they buy things at a swap meet, thinking they got a
bargain, only to later read an advertisement to buy a similar item for less.
Don't get taken yourself.
Create your own territory. Make contacts for picking things
up and selling them. You might have a relationship with stores selling used
items. Although you will never get as high a price as you would at a meet, you'd
be sure to unload hard to sell items.
At some point you may even consider a retail outlet. Dozens
of used furniture stores also work at the swap meets on weekends. And these
meets are a good place to find things to stock these stores.
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