Selling old and used stuff is a great way of generating income and improving your standards of living. Almost everything that is around you can be sold. This business has many challenges just like any business, but you have to stay at the top for you to improve your living standards.
· Target population
It is important that you know who you are targeting with your used up items. This business will not make you profits if you are targeting to sell your items to the rich. These are the very people who are throwing them away. Target those people in the average or middle class positions of life who cannot afford to buy new items.
· Have a variety of items
Do not specialize in just one item. Have a variety to expand your business. Mix items in the store from clothes, electronics, used office furniture and personal accessories. This will help you satisfy the various needs of the customers who visit your shop.
· Have the right timing
There are some items that are seasonal. Things like clothes follow the different seasons in a year. Know when each is on demand and stock them up. Other things like air conditioners and coolants will be mostly on demand during the hot season.
· Sell quality items
Just because you are selling old items does not mean that you sell them in the exact state as you got them. Try to improve their quality as much as you can. If you have some that are really worn out and cannot be repaired, do not stock them in your shop.
· Advertise your business
Marketing your business is always an effective way to work your way to success. You will be surprised at how many people want to get rid of their old stuff but do not know where to go. Once they hear or learn about your business, then they can bring their items to you.
· Sell them at a reasonable price
Keep in mind that you are dealing with items that have been used and have depreciated in value. Selling them at an expensive price is telling the customers to go to the shops and get new items. Sell them at a lower price that is reasonable and affordable.
· Offer discounts
When somebody has bought many items from you, you can cut the cost for them. Alternatively, you can have some items that you give for free when someone buys a particular number or quantity of goods. For example if someone buys some used office furniture, you can give them a stapler or paper punch for free.
Used items can be a source of income to many people but only if you know what to do to enhance your success. The above tips will be of use in your business.