i have been trying my hand at craigslist and cant seem to sell much as in my areas not many people have money. but after my first unit i dont have many items that are low priced most the things i have are 50-200 dollars easily and theres about 15 items or so of that and only a handful of items that are on the cheap end.
i guess my question is... is it reasonable to sell my high priced items at flea markets or how should i go about doing that? i was thinking just going to them with a certian price on them but also have a sign that says make offer to try and get rid of these items so i can go to more auctions faster.
any advice on this would be helpful or if someone could let me know a good place to sell these high value items fast would be great also.
You just have to remember we are RE-sellers. Think about those used car lots in your town that are selling $50,000-$80,000 BMWs, Mercedes, etc. only 5-10 years old, look practically new for like $8,000-$15,000.
The same is true for us. In my experience, if I find a $1000 retail value sofa, like new, less than 3 years old, I still have to sell it for $300 plus or minus $50. If I want to move it really quick, I sell it for $150. If I want to squeeze $500 out of it I would probably have to hold it for 6 months.
I suppose if you had an upscale shop in a wealthier part of town, you could probably get away with selling $1500-$2500 retail furniture for $750-$1250 resale, but then you have to think about the additional overhead of running that shop. The other problem would be winning enough units to keep the shop full of upscale inventory but I guess you could supplement with estate sales, auction houses, & yard sales/moving sales.
To get back to your original question, once you have made your money back plus what ever profit you want, sell the rest cheap! Don't get bogged down in what YOU think the value of the stuff is, you are just going to get MORE stuff at the next auction!