www.1001TopWords.com |
How Pop-Culture Collectibles Can Increase Your Online Auction Profits
How Pop Culture collectibles can increase your Online Auction profits With the increasingly competitive environment for products to sell in the online auction arena, sellers are getting more creative as to the items they purchase for re-sale. While some of the Dutch Auction items that are frequently sold on eBay will always maintain their commodity status and always sell well, Pop Culture collectibles will usually generate a higher profit-per-item simply because of a combination of two forces. Scarcity and Desirability. Pop Culture collectibles can run the gamut from a special early edition pair of Levis to a rare Coca Cola collectible. However, when I discuss Pop Culture items in this article, I will limit the definition to only the types of collectibles that I've managed to have any experience with and that would be T.V., Movie and Toy collectibles. Obviously, the category of Pop Culture collectibles is much bigger than this limited definition, but in the interests of keeping this a knowledgeable article, I will focus on the limited definition here. One of my first experiences with Pop Culture collectibles was with a box of unused "The Fonz" posters that I found at an antiques swap meet a few years ago. I came across this box at a seller's stand. It had one poster taped to the outside of the box and the price tag on the box said $5 each. I asked the seller "How much are the posters?", not ever assuming that the price on the box was the current price. The seller replied with "Three bucks each." Being new to eBay and wanting to experiment, I counted the posters, which were still in shrink wrap material. There were 25 posters in the box. The box looked like it had been loaded and unloaded too many times, but the posters were in perfect condition. So I asked the seller, "How much for the whole box?" He asked, "How many are there?" I told him, "25". He said, "How about $40 for the box?" I said, "O.K.", and handed him $40. I posted an auction for one of the Fonz posters that week. It was a large photo of "The Fonz for Prez", sort of a campaign poster with Fonzie in his traditional Leather jacket, thumbs up and a "Sit on it" button on his jacket. The auction was set to close on a Sunday, and when I checked it on Friday, it was up to $22 ! I was shocked and happy at the same time. On Sunday, I took my family out to dinner and got home to see that the auction had closed at an astonishing $42.50 ! That experience was the one that cemented me in the area of Pop Culture collectibles! I continued to sell the Fonz posters, one at a time (so as not to "flood the market") at prices from the $42.50 high to a low of $12.50. My estimate for gross sales is somewhere around $450 for that box of posters. This type of profit exists in the area of Pop Culture collectibles, but it does take some guts to seek out and "gamble" on these types of deals. I had no idea what the posters were worth when I purchased them, but I had a good hunch, which proved to be correct. Other Pop Culture deals I've made, most found at antique swap meets: M.A.S.H. action figures - purchased a box of 28 of them for $50, sold them individually for between $9.00 and $15.50 Star Wars Figures - purchased a box of special limited edition figures for $120 at a regular swap meet, sold the box to a Star Wars dealer for $2,100. Evel Knievel figure, mint in box, purchased for $10, sold for $115. Alien 3 movie theater poster (massive, about 4' tall by 12' wide), found at a yard sale for $10, sold on eBay for $50. Bionic Woman action figure, mint in box, purchased for $30, sold for $85. In each of these cases, I had no idea what the value was, I just went with my gut. But the fact that they were Pop Culture collectibles made it much easier to take that chance and buy the items. Another solution many sellers use is to have their spouse at home, ready at the computer to do price research on unknown items! Armed with a cell phone and a significant other at home doing research, your results will be less of a risk and more fun, too! About The Author David Espino is the author of "Beyond eBay - How to build a Home Based Internet business and make more money, working from home" To receive a FREE sample from this breakthrough book, click here: www.HomeBasedBusinessowner.com Email: dave@HomeBasedBusinessowner.com
|
RELATED ARTICLES
The Effects of eBay on American Merchandising With one brilliantly simple idea, eBay was born just a few short years ago. Selling Effectively on Ebay Motors Remember back when selling online was a new experience? Dealers tried everything to sell their vehicles online. Today's market has expanded to include several hot online marketplaces but there is the largest online marketplace, Ebay. Ebay has evolved into an online solution for everything from whole towns to your favorite paperback book. Big or small it doesn't matter, Ebay has everything for the savvy consumer. eBay: What Should I Sell? There is an art to picking profitable products. It's not just what you want to sell but rather what will sell. Unless you pick a product in demand in the marketplace, you will fail. A fundamental principle of the capitalist system is "supply and demand". It represents a delicate balancing act between "what people want" and how much of "it" is available. Drop Ship Your Way to eBay Profits One of the most difficult things to do when looking to start an online business is to find that elusive supplier that will supply you, put simply you need a source of real products to sell. Drop shipping is a perfect way to achieve this and lets you develop the perfect online business.. Internet Auction Sites : Find Good Deals on Almost Anything You can find good deals on almost everything you need on internet auction sites. There is almost nothing that you can't find over the internet. You can find great deals on Avon collectables, collectable toys, sports memorabilia, or anything else that you can think of on auction sites such as ebay.com and ubid.com. How To Compete With Amazon.com If you are selling online,here is the down side of our business....you will never be able to compete with Amazon. (Or Kmart, or Target, or any other big outlet) Here is why, They buy directly from the manufacturer in such huge quantities that they are getting the product for a price that you and I (as small business owners) will never realize. That is an unfortunate fact of business. Auction Image Hosting for Ebay Auctions: Free Single Most Recommended Tip It is a well known fact that the more pictures taken of an item, the better it will sell. Not only will you get more bids, but you will make a superior final profit. This is probably why this tip is the single most given tip when it comes to ebay. Get More for Your Money Shopping for Designer Shoes on eBay The worlds online market place. eBay is the Greatest Opportunity YOU Have to Create a Career Online eBay's being spoken about everywhere these days. At work, school, down the pub... everyone's getting into eBay, looking for those bargains and trying to save themselves some money. Not a day goes by without eBay getting some kind of press publicity. Finding Antiques And Collectibles To Sell On eBay Many people who decide to make a living selling collectibles on eBay soon fail. I meet them in the line at the post office. They tell me they just quit their job in order to sell things full time on eBay. Before You Sell On Ebay, Take The Most Important Step If you want to earn a full-time income selling on Ebay,you must take the first and most important step in allsuccessful business ventures: you must accept that itis possible. Use Auction Templates For eBay Success! Auction templates are simply a must for successful online auction selling. One day I spent approximately 45 minutes writing a listing for an item that would make me about $5 in profit! I suddenly realized the stupidity of what I was doing. Here I was scheming and plotting to become a net millionaire - and I could work at WalMart and make more money than this! Selling on eBay - Have You Found the Magic Formula Yet? Selling on eBay can be very profitable and a great way to make some cash while clearing your house of unwanted items at the same time. It's quite simple, just describe and photograph your items and seven to ten days later you'll get a payment though paypal or by cheque posted to you. Taxing eBay Part Deux When my column on paying income tax on eBay profits ran it brought a wave of emails on whether you were required to report income earned from eBay sales to the IRS sparked a number of additional questions and comments from eBay sellers who were hoping that I could somehow validate that their eBay activities were mere hobbies instead of actual businesses and therefore not susceptible to IRS taxation. Online Auctions: How To Generate Fast Traffic From Online Auctions Have you ever participated in any online auctions? What to Sell on eBay - 7 REAL Tips for Finding Successful Products This question has become one for the ages. There are many answers to it, few of which will actually help you. Today we will give you 7 tips you must keep in mind when you search for items to sell on eBay. All Terrain Vehicles (ATVs) Sell Well On eBay ATV auctions are healthy markets on eBay. All terrain vehicles have changed in the last few years (naturally) and the major change has been from one person ATVs to two person models. The Top Sellers On eBay & What We Can Learn From Them A fascinating eBay case study is the number one seller on eBay, a little outfit called Marie's CDs, but is better known under its old name "1 Cent CD." Jay and Marie, current ID "jayandmarie", are an institution on eBay and are a big part of what makes eBay such an amazingly popular phenomenon. Effective Online Car Sales on Ebay Motors Remember back when selling online was a new experience? Dealers tried everything to sell their vehicles online. Today's market has expanded to include several hot online marketplaces. The largest online marketplace is Ebay. Ebay has evolved into an online solution for everything from whole towns to your favorite paperback book. Big or small it doesn't matter, Ebay has everything for the savvy consumer. Your Auction Headline Or Title - The Most Important Part Of Your Auction The words you select to describe your item will have a tremendous impact on the final price it receives or if it receives any bids at all. This is because no matter how great the item is you have up at auction, if you use words that don't lead prospective buyers to it, no one will ever see it. You have a total of 45 spaces to use for your auction headline to get people to visit your auction, so it's extremely important that you use each space wisely. |
© Athifea Distribution LLC - 2013 |