13 Dec 10 Ways to Make Money from Your Collectibles
It is a fact that there are some collectors that only want to have collectibles as keepsakes, and not to sell them. This category of collectors may wish to pass down such precious items to their kids. If you are among those collecting for the purpose of making some money from the hobby, you are in the right place. Read further.1. Be a Smart Buyer
You will be surprised that there are stores selling collectible items at ridiculously cheap prices. Why in the world would . . . ? This is because the store owners are unaware of the value of these items in the collectors’ market! Check second-hand stores or flea markets for such prospects, buy them, and resell at far higher prices.
2. Yard (Garage/Tag/Moving) Sale
You can part with your merchandise for some quick cash this way. Do some cheap advertising to make the neighborhood aware of the items that will be up for sale and the set date.
3. Online Classifieds
These are e-commerce sites that have sections for trading collectibles. Popular sites include eBay, OLX, Craigslist, and so on.
4. Auction Sites
The best way to make money from your collectibles is by auctioning them online. Auction sites usually attract high bids because of the competition―a great number of buyers from all over the world. There will be many rich individuals looking to do some splurging.
5. Organize an Auction
Auction houses provide a means of selling your items to a gathering of collectors. You will be physically present with the buyers or their representatives at the venue.
6. Sell on Your Own Website
Create your own website and start selling your massive stock. It is not as easy as it sounds though. Think about having a suitable business plan to increase your chances of being successful. Check Medium to pick choose the right business plan writers.
7. Sell to a Dealer
Search for local dealers at toy or hobby stores. Some of them work from home, so get their contact details. Beware of those that seek to rip you off by downplaying the value of the item.
8. Sell Complete Sets
A complete set of related items would sell for a higher price than when you trade one item at a time. This is a smart move, so it would be better to wait until you have all the pieces.
9. Hoard and Sell
Instead of selling them in a hurry, why not try keeping them for as long as possible. Do your research to find out how much they could be worth in months, years, or even decades.
10. Set Up Shop At Conventions
You can sell at comic book, toy, or movie conventions to those in attendance. You will surely find many collectors at these events.
The need to sell your collectibles may come at any time. You may across a great opportunity to make some serious cash. Keep an eye (or ear) out for those prospects. Browse the web regularly to stay informed.