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I see signs that the United States is giving up its place as industrial leader of the world. I see a lack of vision, and a decrease in employment opportunity vs. reward for that work for more and more people. As third world nations emerge, they bring with them an eager workforce eager to work for less than Americans. This would require great vision and imagination plus a concern for our own workforce inorder to remain competitive. I don’t see any of this.

The rich get richer and the poor stay poor. Wages are going down. In the past, a good job could make one rich, but it is becoming less and less important to the goal of wealth.
Even in the most economically depressed countries, skill and discipline in buying and selling can make one wealthy. So this is our goal.

You don’t have to have a lot of money to start. Find something as common as aluminum cans, sell it as Buying and Sellingscrap, then use that money to buy something cheap that you can sell for more. Sell something that you don’t need and use that as seed money. You can grow your way into large deals so long as you remember your cost includes acquisition expense, handling, transportation, and delivery costs.

Adjust your margins to fit your experience. Your margin is the spread between what you buy it for and what you sell it for, including all expenses. Be honest in your accounting. Low price items require larger margins than expensive items.

For thousands of years traders have made fortunes moving merchandise to the far reaches of the world, but today, you can reach almost anywhere electronically in a moment. Ebay and other auction sites like that make the whole world your market.

If you buy at the right price, your item will almost sell itself. Buy cheap! Sell dear!

Research what people are wanting. Trends change. If you acquire something but the market shifts before you sell it, you’ll lose money. Don’t agonize over bad deals. Mark your item down and move it out. Learn something then move forward to the next deal.

See what is hot on ebay, or 50.lycos.com, or ubercool.com. Buy and sell what you are most interested in and know about. If a search on ebay shows lots of auctions with no bids, pick something else. Do a wildcard search on ebay for “a” or “the” in price ranges equal to the range of capital you are comfortable risking. Look through those items for something that sparks your interest.

Develop your market sense; use your intuition. The better you are at picking items in demand the faster you complete your deals.

How to price your items? The market prices your items for you. What you pay for it doesn’t matter. What matters is what the market is willing to bear. If you pay too much you lose. If you pay very little, the profit is yours. Price according to you what the market is willing to pay. You want to acquire at a price low enough to allow you to price slightly below market.

You have more control over what you pay for something than what you sell it for. You can’t sell it for what you want; you sell it for what someone wants to pay. When you are buying, you are the one in control. Make sure you buy cheap!

As you are building your capital, your time is a consideration but you can’t always price your time when building investment capital. As you grow more skilled and your investments larger, you can build your time spent into the deal.

Don’t overbuy! Consider your available storage space and work with what you have. Turn your inventory! Get rid of your mistakes, even if you have to give them away. Mistakes staring you in the eye erode your confidence. Get them out of your sight and move forward.

Establish a market protocol. Maybe you’ll try to sell large ticket items locally through a classified ad. If that doesn’t work list it on ebay. If that doesn’t work try a free listing on craigslist. Lower the price until it sells. Develop backup markets. Backup your backup. If you lose money, learn something from your mistake and be more careful on the next deal.

by

Randy R Cox

How to buy and sell art for profit is more than just a way to make  a little money.Finding and bargaining for valuable art is an adventure of mystery and intrigue. It can be profitable beyond imagination. This week a relative called for advice on how to frame an old painting he had bought at a church auction in a small town in the Midwest.

As an art dealer the first thing I did was ask if he could read the name of the artist. Very slowly he spelled it out, “ Henry Cleenewerck.” There are a lot of old artists, and I don’t know them all. I didn’t know this one, so I did a quick check on the internet. Wow! This guy was born in 1825 in Belgium and visited the United States in 1854. He died in 1901 after a long career in art.

I did a little more checking and found out his work was hanging in museums around the world. I could only find a small painting currently available and the gallery was asking $8000 for a study that was nice but probably not a definitive work.  The painting to the left is just a sample of Cleenewerck’s work.

My relative described the painting that he had as having a tipi village with Indians and on Indian riding a horse across a river. There were mountains in the background. There is a great market for that type of painting. I estimated the painting to be worth between 20 and 40 thousand dollars in a good market. There is always a chance such a painting could go for ten times as much in a spirited auction between two well-heeled collectors.

I asked how much he had paid. He said there had been a second bidder to run the price up. He had paid $50.

Now this was a find of a lifetime, and not a likely event for most people. However it is always a possibility when searching for art.

In a field where even experts are lacking in knowledge, you might think it difficult for a beginner to compete with the real players, but it is really just the opposite. Art is such a subjective enterprise the rules are not written in stone. A beginner can develop an eye for what is good and what is not so good in a surprisingly short period.

I remember an expert art critic not so many years ago describing the exquisite manner in which a sculptor had carved a bronze. Bronzes are cast—not carved. There is much pomp and pretense in the art business. There is always a place for a non-expert in a world like this. New dealers from the grass roots do well quickly and keep the whole business down to earth.

Art and the business of art are related but distinct. A great work of art may not be worth much money while a piece of junk might fetch a fortune. What is hot one decade may fade into oblivion the next.

History, aesthetics, and public relations are as important in the market price of art as the intrinsic value of the art itself. There are rules but not hard and fast rules. There are cases where a forger fakes a work by a famous artist only to have time reverse their roles. The forgery may become worth more than the original.

So how do you buy and sell art for a profit? The short answer is to just do it! You may not be an expert, but you know what you like. That is the first step. If you like it someone else will like it. If you learn to negotiate well, you can buy at a good price and sell at a better one.

It may sound silly, but when a dealer buys something he likes and has trouble selling it for a profit, he learns to not like that kind of art. When he buys something he doesn’t like because the price is right, it doesn’t take long for him to like it better. Without the fancy words of an art expert describing how bronze is “carved”, this is the way taste develops. Taste changes over time and good taste is just taste with the seasoning of experience.

If you know what you like, you can buy and sell art at a profit.

by

Randy R Cox

Want to know how to make big money selling little things?  The best way to get started is to sell lots of little things.    If your path to success has been slower than you’d like, it could be that your way is clogged. The little things get in your way, slow you down. If you are like most Americans you have more little things than you need, yet they are too good to throw away. You can turn those little things into big money and make your life better at the same time.

Once you’ve learned to buy at the lower prices and sell for the higher prices, you no longer need to store all that stuff that is holding you back.

Don’t store it; sell it!

You don’t need it. If you’ve been saving it because you might need it, then sell it now at a good price and buy it later when you do need it at a lower price. This way you can let the money grow instead of letting the dust collect. If you don’t need it right this minute…you don’t need it at all. Sell it.

If you can’t sell it, you don’t need it.

Have you noticed that some of the stuff you save for the day you need it seems too old to use when you finally do need it? Sell it. If you can’t sell it, throw it out! Sometimes the best way to know something is worthless is to put it on the garage sale table at mark down prices. If no one wants it; you don’t need it either. Sell it or trash it!Garage Sale
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Things have only so much value.

They may be family heirlooms, but if you can’t remember which side of the family or which relative goes with the item, sell it! Protect the genuine heirlooms but sell the rest. You need the money and the space.

Don’t Hoard it.

If you’ve been saving it because it will be worth something some day, half the people in your world probably saved it as well. Sell it! If there is no market now, you probably won’t live long enough for the rest of the world to toss theirs. Move it out.

Use it!

In the garage, under the kitchen sink, and tucked away in all sorts of place, stuff hides–lots of little bottles, cans, and boxes. Some are too ugly to sale. Use it up. You’ll find a lot of it dried out or out of date. Use it or lose it.

Ebay

Do an advanced search for completed Ebay auctions of the item you have. If the money is good, list it on Ebay. Some people make a living selling stuff on ebay. You’ll be amazed, but you have to do the searches to know what is likely to sell there from what is not. Remember the cost of shipping might make Ebay the wrong market. If there are many unsold auctions of this item, don’t waste your listing fee.

Craigslist

For larger items, too bulky or heavy for efficient shipping, Craigslist is the perfect place to sell. The nice thing about Craigslist is the price—free for most things. While you are poking around on Craigslist you’ll be getting to know a good source for all those things you used to keep. Wait until you need them, go to Craigslist, drive a hard bargain, buy what you need, use it, and then resell for a potential profit. Most people won’t bother driving a hard bargain.

Free website

Get yourself a free website and put photos of all your junk. Put an ad on Craigslist to sell it cheap and refer your prospects to your website photos. If you can’t sell it, trade it for best offer. Some people love the excitement of the trade, and you can exchange an item that is almost worthless for an item that is actually worth something to you.

You can box up several related items and sell the whole box on Craigslist for a package price. One trick that works well for me is to list an item or group at a good price and then re-list it after a day or two as reduced in price. Keep reducing the price until it is free. Be careful giving away free stuff on Craigslist. A lot of bad people use a free offer as an excuse to rummage around your house to steal stuff. If they get caught they just claim they were responding to the ad. Be very careful, but cash in on the little things you don’t need.

Tools

Some people love tools. I have special tools that I bought years ago that are still in the package they came from. Keep the tools you actually use; sell the ones you don’t. All those tools that you might need someday can be sold for a better price than you’ll have to pay if and when you do need them.

If you save them, they may become obsolete before you use them. There is no longer a reason to keep tools around. Sell them. Tools sell quickly.

Garage sale

After you have tried to sell your merchandise through Ebay, Craigslist, and your website, you’ll have lots of junk left over. Save some bigger ticket items as special attractions and hold a garage sale or yard sale. Mark the prices down lower and lower. Have a free table for those things that nobody wants. Finally you’ll have tested your stuff. Some of it will convert to money. Some of it has been ready for the waste bin for ages, and now you know. You’ve done well!

Develop your negotiation skills.

If you don’t yet feel you’ve developed the skills to buy low and sell high, use some of the money you make selling the little things to buy more little things. Learn to negotiate a better deal when buying and selling the little things.  That skill set will transfer when you are buying and selling the bigger things.

It won’t take long; you’ll be amazed how fast you learn and how exciting the whole process is. There is a reason why the super rich continue making deals long past the point of their need. Once you’ve accumulated millions or billions of dollars, you’ll still want to make a good deal, because it is fun!

If you purchase any learning materials from the sources below we will be compensated.

To learn more about making money on Ebay, Click Here!

To learn more about making money on Craigslist, Click Here!

To learn more about putting on a garage sale, Click Here!

by

Randy R. Cox

There are basically seven ways to buy and sell things for profit.   If you make a living you already buy and sell something. You can buy and sell services  which is called work, or you can buy and sell things. Most of us are better at buying than we are selling. By that I mean we manage to buy more in dollars than we make. It doesn’t have to be that way.

Many people made fortunes in the last decade buying and selling real estate. These seven ways to buy and sell property are very familiar to the real estate flippers, but the same basic ways can be used for buying and selling any type of property. Ebay is bigger than Donald Trump.

Buying and Selling

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1. BuyLow, Sell High

The first and simplest way to make money buying and selling is to find an item in demand, negotiate a low price, buy it, and then sell it for a higher price. In addition to good negotiation skills, you have to develop a good eye to make this work. You also have to be careful your expenses during the acquisition process don’t eat up any potential profit.

With this method, you want to buy only excellent quality items that are ready to sell as is. You’ll want to find a motivated buyer—one who wants to get rid of the property more than he wants to make money. It is also necessary to acquire the property at a significantly low price to be able to add your expenses in and still sell below market. Selling below market is the best way to sell quickly. If you depend on your selling skills to make the deals, you don’t need to bother with the investment. You can just get a job as a salesman—work.

2. Buy it, Fix it, Sell it

The second way to make money buying and selling is to look for property that is broken, dirty, ugly, or in need of a missing part or repair. This is a great way to find a motivated seller and a good price. The owners of this kind of property would rather have a new one. If they were inclined to fix it, they’d have done so already. Know your market; know your costs. Allow a generous profit to cover your repairs, acquisition expenses, and potential selling expenses. Negotiate hard and don’t be afraid of deadlock. It’s your money, so be prepared to walk away from an offer if they won’t meet the price you need. Sometimes all you need to do to get a property in pristine condition is to clean it.

3. Buy it, Rent it

A third way to make money over a longer period of time it is to buy and rent it out. Just about anything can be rented to others—tools, cars, camping equipment, boats, motorhomes, and of course, residential homes. An alternate to this same method is to invest in special equipment, use it and then sell the service the equipment provides. All of these ways are good ways to make money, but though they are buy and sell strategies beginning to end, in the interim, they are ongoing businesses—more work.

4. Buy for cash, sell on time

A fourth method is not so effective for inexpensive items, but boats, cars, trucks, and even big screen televisions can be bought at bargains with cash and then resold on terms with interest. People are often willing to pay very high prices if they can get it now and pay later.

Some people make unbelievable profits buying mobile homes for a few thousand and financing over time for tens of thousands. Often before the buyers have finished paying the notes, their financial status has improved enough that they can buy higher end property with conventional finance. When this happens, it is common to get the item back after it has nearly been paid for. Some mobile home resellers have sold and resold certain properties four or five times. Each time they nearly double their investment with the original down payment then collect the payments over time plus interest.

5. Buy and sell wholesale

If you have the ability to purchase in quantity and move quickly, you can locate sources that will bring you deals in bulk at prices so low you can sell wholesale and still make money. You can even buy homes in quantity and sell them to others for resale. Once you spread your name around, this can be very lucrative and happen very quickly.

6. Buy on speculation and sell on demand

When the market is hot, it is possible to buy when the item is first introduced at a lower price than what will be charged later. If you can spot these trends, you can make good money buying when first offered and selling after the item is sold out. In certain real estate markets you can order a new home before it is built and count on the price to go up after the neighborhood fills in. This is dangerous, but some people have made really good money doing just this.

7. Buy for others, sell back with fee added

Sometimes people do not want to do their own bargaining. Celebrities or people known to be very wealthy often allow scouts to buy for them. Sometimes the price goes up when the buyer is well known or very wealthy. The difference in price can be so great that it becomes profitable for a middle person to buy and resell to his principal for a fee.

There are millions of ways to buy and sell, but these are the basic seven ways to buy and sell. Everything else is some variation or combination of these seven. Buying and selling can be done in rising and falling markets. When the market is deteriorating the buyer has to buy drastically below market and move very rapidly to turn his investments. There is always a risk of losing money in any market. A person engaged in these tactics must be good negotiators on both the buy and the sell, and they must be flexible enough to take the losses quickly when they are inevitable to prevent even larger losses later.

There will always be buying and selling. Even in times of great catastrophe there is buying and selling.

The person trained in this art will always be able to survive and do well.  How to buy and sell things for profit will get a creative person through good times and bad.

The things you can buy and sell for profit are unlimited.  Each of them come with their own specialized skills, though they are all similiar.  Some of those things you can sell are: cars, art , antiques, andeven websites.