If you’re already selling on eBay or thinking about selling on eBay, with very little effort on your part, you can easily make an extra $200-$300 or more per month by this method. If you’re like most people, you have hundreds or thousands of books, video games, CD’s and DVD’s that are just collecting dust in your house. Of course you could just list them on ebay but that would mean listing fees and significant effort on your part. Consider selling them on Half.com – an eBay marketplace for books, cd’s, video games, dvd’s and books. If you already have an eBay account, you automatically have a half.com account. Go to the website, half.com and click on sell my stuff. You’ll have to fill out some information but it’s easy and free.
Here’s the best reasons to use half instead of ebay.
1. No listing fees.
2. Half collects the money and direct deposits to your bank account bi-weekly.
3. No photographs necessary – you input the barcode information and it supplies all information necessary except for quality.
4. Shipping cost is paid by buyer and all items are considered “media mail”.
5. Buyers leave you feedback which helps your eBay account.
6. Half supplies you with sales data regarding how much any item sells for within its market – so pricing is easy.
7. Buyers post items they want so you can sell immediately.
8. You get an email telling you an item is sold and click and print a label right from your email and place in your outgoing mail.
Your biggest expenditure of time and effort is initially in listing your catalog of items. You can manually type the UPC code which is on every book, cd, dvd and video game or, to save time you can scan the barcode. I recommend you get an inexpensive barcode scanner like we use in our business:
You will start getting emails immediately that items sell. Simply print a label and have some bubble mailers from Uline to stick the items in and they’re off and your ebay feedback will start to quickly escalate (which translates to better sales on your regular ebay items – power seller status – bigger final value fee discounts and all the benefits of colored stars – yay!).
To keep the ball rolling and increase your sales potential, look on craigslist, garage sales, thrift shops and flea markets for cheap books, dvd’s cd’s and video games to list. If you’re buying storage auctions like I have consistently suggested you probably have a garage full of these items already. You’ll make 4 to 5 times the amount per sale from half.com transactions than at your garage sale or flea market and shipping is easier than making pie. The barcode scanner will save you a massive amount of time because half will allow you to enter multiple items and it’s as easy as clicking a button to list 20 items at a time.
The big ticket items on half are textbooks. You can find them at thrift stores for $1-$2 and sell them on half for just under the msrp. Students are clued in to half and would rather pay a half seller than the campus used bookstore.
If you’re all about making money – and why would you be reading here if you’re not – check out the opportunity to make more with less effort on half.com.
Dirk, loved the book! I bought a couple of storage auctions like you suggested and found some rare toys and other collectibles. My ebay account is on fire – thanks! I would like to focus my attention on selling collectibles. Where do I find more??
Hi Kelly: Bonus points for reading my book. That’s the first step in taking charge of your personal economy. I am a big fan of collectibles too. Here’s what I’ve discovered – collectors are a unique group of people. They have a passion or obsession to collect whatever they collect. Some will collect anything collectible – others are very specific. They also tend to spend on their collections regardless of the economy. That’s why your ebay account is doing so well – collectors know that they can get their fix on ebay. Here are some suggestions to focus your buying on collectibles.
1. Know your market – research is key. We have several books and guides regarding collectibles. I suggest you get yourself a copy of Miller’s Guide to Collectibles:
Spend your free time familiarizing your self with the different types of collectibles and the prices suggested in the book. The pricing is just a guide – it’s not the true price – the true price is what someone is willing to pay for the item. But you can suggest the price and if you reference the book in an ad, at least you have a suggested price. The Miller’s Guide is broad and will help you to “train your eye” to spot collectibles in any buying situation. For instance, I was in a buying situation where I had the opportunity to pick up several “vintage” die cast cars at a great price. I had memorized the book and the particular brand, Brooklin models, were not discussed in the book – but I could tell from the quality and feel of the items that they were special. We put them on eBay and found that Brooklin models are very rare and command a high price at auction for even broken models. I wouldn’t have bought them if I weren’t aware of the market for vintage die cast model cars.
2. Armed with some knowledge – start searching for collectibles everywhere. Search craigslist, go to garage sales, estate sales, auctions, flea markets, swap meets, and thrift stores. You’re going to sort through lots of crap to find the hidden gems – you’re looking for the seller that doesn’t know what they have or the seller that is desperate for cash.
3. Have fun and don’t set your expectations too high. It can take awhile to find your treasure. I am determined to find them so I eventually do but I look through a lot of stuff that doesn’t qualify. This is a numbers game. But when you do find something promising, you’ve got to pull the trigger. You can’t be a seller without buying so you always have to be ready to take a chance. Armed with superior knowledge, persistence and patience, you can be a successful dealer of collectibles. You always have to be perfecting your knowledge of buying and selling. It sounds like you’re off to a good start – keep up the good work and let me know if I can help you in any way.
Dirk, I found you from your friend That picked up your book. I like the idea of buying a storage unit auction and I’ve seen that there are several around Atlanta. I lost my job, my house is being foreclosed and I can’t rub two nickels together right now. How can I get started in the storage auction business?
Thanks in advance,
Benjamin T., Atlanta
Benjamin, Jared’s a good kid and I’m glad you found his website. Maybe you should ask him how to make some money because he’s making it hand over fist with his internet project. But since you asked me, I’ll give you a straight answer. I don’t know how many times somebody has whined to me that they don’t have any money to buy a storage auction. Holy crap balls dude, how about selling your stuff? Have you had a garage sale lately? In my book, I recommend that someone starting this sell their personal possessions, a) to raise the CASH to buy at auction and b) to begin learning the value of second hand possessions. How do you think you’re going to know what to buy at auction if you don’t know what someone is willing to pay you for the stuff? I’m not trying to be hard on you but you’ve got to use some common sense. You can get paid to be in a medical experiment, you can sell your plasma, you can get cash for donating your sperm. Try cashing in all the coins you find laying around. Drive around your neighborhood on trash day and look for things people are throwing away that you can sell. Put an ad on craigslist that you’ll haul away people’s junk. There’s ten million ways you can make a few hundred dollars in cash that you can parlay into a storage auction. Oh, you will find more ideas in my book From Garage Sale to Financial Freedom in Five Steps and you can pick up some tips on auctions from an article I recently wrote. Thanks for your question. I hope this helped.
I think buying storage units at auction is a great way for anyone looking to make some extra money. On my blog I tell you how to become a seasoned storage unit auction veteran, on your very first day!
You really don’t need much to get started buying storage units, if you have under thousand bucks and you are looking to invest in a short term venture that can double or even triple your money over night, buying storage units at auction might be for you. It’s fun, you will find some interesting stuff and it’s very profitable!
When a storage unit has been abandoned, the storage facility has no choice but to auction off all the contents of the unit to recoup costs.
Here are the basic steps to buying and making money off of an auction storage unit:
Find auctions for storage units in your local newspaper’s classifieds or other local publications. Storage facilities are required by law to publish public announcements of upcoming auctions and it’s absolutely free for you to attend the auction!
Arrive at the time the storage unit auction is set to take place. Sometimes it’s not a bad idea to call before you arrive to confirm the auction is still taking place. **The person that owns the storage unit up for auction, has up to the time of the auction to bring the current overdue balance.
The highest bidder will win the entire contents of the storage locker. (NO MATTER WHAT IS INSIDE) When you win it, you will lock it up and pay CASH.
You must pay cash at the auction. (sometimes on the spot.)
Most of the time – You will have about 24 hours to vacate the entire contents of the unit, unless another deal can be made with the storage manger. If you need more time to remove the contents most of the time this results in you renting the unit.
Make literally thousands of dollars off the contents of the unit! You may have just bought the contents of a millionaire’s home at a budget price.
Repeat the process… You can literally earn $5,000 – $10,000 per month buy buying these storage units at auction.
*if you want more information about buying storage units, you can surf my blog for more tips making money buying storage units.