Want a fun way to make some big money? Many of us seek out garage sales to find cheap items for our own homes. However, some people see garage sale season as a golden opportunity to make quick and easy money. With some time and practice anyone can make a profit from garage sales. Renowned social expert Gary Veynerchuk estimates that with a little hustle, the average person could make upwards of $1000 per weekend. Here are just a few of the many items to watch out for when you’re out on a treasure hunt:
Video Games: These days, nostalgia sells big time. Video games and their accompanying systems, especially those from the 80’s and 90’s sell for a lot on Ebay and other resell sites. The most profitable games are going to be those which are hard to find. Find yourself an Atari system and you’ll be able to resell it for over a hundred dollars easily. Super Nintendo games are easy to resell. The only games which don’t seem to do very well are the EA sports games.
Vintage toys: Again, nostalgia. Some people will pay a lot of money for a toy they lost as a child. Old Fischer price toys tend to sell well. An old discovery toys game I used to play as a child called “jewels in the attic” is going for about a hundred dollars on Ebay right now. In fact, a great deal of the toys I used to play with are worth quite a bit now, which makes me wish I took better care of them. Of course we all know that, since it’s been a few years, beanie babies are worth a fortune right? Nope, sorry 99% of beanie babies are still pretty worthless. Who could have predicted that?
Books: This one can be hit and miss but luckily books are very portable and easy to donate. Look for very old books in good condition, first editions, books signed by the author and rare out of print books. Another potential gold mine is comic books, if you find a stack for cheap grab them all, you can sort out which ones are valuable later. You never know which comic books are rare and therefore worth money, don’t concern yourself with content, the stories in them are less important than the rarity of the comic.
Tools: Garage sales are all about unloading a lot of items at rock bottom prices. Tools can be deeply discounted at garage sales making them a great item to resell. If you can find tools in good working condition for cheap grab them. Since you have the time and willingness the garage seller doesn’t, you can look up their worth and sell them at a profit online.
Art: Like books this one can be very hit and miss but art at garage sales can have a tremendous potential for profit. A man in Las Vegas paid $5 for a bundle of sketches at a rummage sale, one of which was an Andy Warhol which he will likely sell for millions. On a lesser scale, my mother purchased a print for me at a garage sale for about $10, it turns out it’s a rather rare Luc Genot print. The last time I checked online it was going for about £300 pounds in an auction in the UK. I have yet to find any Canadian or American auctions for this particular print. (I don’t plan to sell the print because I like it a lot, plus my mom bought it for me. There’s some nostalgia right there).
Vintage Electronics: For some odd reason that’s beyond me, there’s a demand for vintage stereo receivers on Ebay at the moment. Old record players and speakers as well as amplifiers seem to sell well also. Of course LP records are seeing a huge revival among music purists. Even broken vintage electronics can be worth something, as there is a demand for parts among those who restore these items.
Items with Potential for Upcycling: Upcycling is becoming a big trend lately and upcycled items can be sold for a huge profit on the cost of materials. Old metal headboards can be turned into benches. Old furniture can be given a new modern look A wagon wheel can be transformed into a table and cutlery can become hooks to hang your coats on. There really is no limits but your own imagination. My Nan even upcycled her old TV when it died, it was built into a cabinet and they gutted the TV out of the cabinet and built shelves into it to make a TV stand for her new set. For endless ideas for DIY Projects, check out Pinterest.com
Hopefully this article will help you take your first few steps into the world of garage sale-ing for profit. Good Luck and Happy hunting!