On Monday, I cashed a check for $776.70. It wasn’t from anything I had in my possession for a few weeks or from anything I was going to drop off this week. It was the payment from items I took to a local auction about a month ago. Does that mean I made the money without working? No. But it means I made the money without working for is last week. That’s what I want to hit on. You need to start doing things now to get paid next month. It only took me about 6 hours, round trip, to list and drop-of the items at my local auction house up in Flint. There’s a 2-3 week turnaround on getting paid at these local auctions, which is kind of a pain in the ass that deters a lot of people, and that is the issue. You don’t need to look for things that make you money tomorrow, you need to look for things that make you money in a sustainable way. In this video, I try to answer a few questions from viewers about how to get started reselling, best practices, and how you can find local auctions around you.
If you’re looking to start a resale business, Dollar Tree offers an easy starting point while you learn the ropes. The truth is that most of the Dollar Tree products aren’t worth reselling. For $1.25, you’re better off buying some used books at a thrift store, but there are some items that have consistent enough […]
If Dollar Tree raises prices by $.25, then you need to raise your prices by a quarter. If you are really worried about it, increase your prices by $.50. Price increases will always be passed onto to the end consumer, eventually.