First Local Sale

I made my first local sale today, on OfferUp. I think there was no profit in it, because the driving cost a bit, and the price was low.  At least it was quick! The golf clubs were sitting there for weeks.

The only way I could see it being profitable is if you’re selling stuff that’s at least $30, that you can get for $10 or less.  It has to be a lot of popular stuff that’s selling well right now. That means almost new stuff, too.

Used items generally get 1/3rd the price of a new item, if it’s in demand, and in good condition.  Unpopular good stuff is maybe 1/10th the price, because there’s a glut. (Unpopular crap is worthless.)

There are rare items that cost a lot more, but that’s just an unusual situation.

StevenSteph Resale Killers, sell returned items, buying them by the palette, and reselling them one by one, from their car. So they source inexpensively, and sell popular things at a fairly high price. (They are why I decided to try the mobile apps again.)

I thought of doing the same thing, for a minute, but then looked out my car window and saw “outlet stores” all over the community. These are people doing the exact same thing, but in a storefront.

These stores are cool. It’s like Target in miniature, where they have only one or two of some items.

In fact, I’ve seen 99 cents stores converting to “outlet” stores.  A bakery was also doing some of these sales. There’s also a place near downtown called “Pacas Y Paletas”, so there’s someone supplying these family businesses in the Latin community.

So, doing the resale by car is a non-starter here, but there are a lot of people doing it in storefronts.

Author: John

I can be reached at johnk@riceball.com.

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