Thursday, July 17, 2014

Home-Based Business Ideas for Single Dads: Buying & Selling

For sale on eBay: F/A 18 Hornet
Whether we’re talking about Walter’s Bagels or Walmart, the non-service economy, hard goods and consumables in a market economy, has always been based on buying low and selling high. Now, it’s never been easier to connect with potential buyers and sellers, which provides a relatively easy way for a stay-at-home single father to make a little, or a lot, of extra money.

Today, market makers like eBay, Craigslist, and Amazon among others help sellers find buyers, and vice versa, for everything from Pokemon cards to automobiles and more. While eBay, which is both an on-line auction and virtual storefront for sellers, and Amazon charge a commission or other fee to sell a product on line, Craigslist is essentially an on-line classified advertising service that has been free of charge since 1995.

What's included in purchase of New Zealand?
So, where might someone find inventory to sell? Well, there are a lot of ways. Perhaps, you have a friend or friends who are manufacturers or warehousers who have excess inventory. Large retailers often have floor models and scratch ‘n’ dents inventory that will either be thrown away or sold by the local store manager in lots. You may think there’s a secondary market for the stuff, well, you’re in business. Estate sales, flea markets, and even garage sales are sources for the occasional treasure, as well. You may not even have to look past your own frying pan.

Some of the more unusual items that have been listed on eBay include an F/A 18 Hornet jet fighter, Britney Spear’s hair, and the actual island of New Zealand. Heck, a grilled cheese sandwich which appeared to have an image of the Virgin Mary sold for a cool $28,000.

$28,000 worth of Virgin Mary grilled cheese.
If small items aren’t your bailiwick, perhaps automobiles, real estate, or even other items may be. A good friend of mine buys, reconditions, and sells printing presses that are sometimes as long as half the length of a football field. Regardless of the commodity, the basis for success to find bargains or stressed assets. If your stock is automobiles, check out an auction of cars seized by Drug Enforcement Agency operations. If it’s real estate you prefer, then visit your local county seat for a list tax-foreclosed properties. There are even auctioneers who have specialized in government tax foreclosures.

Of course, you can also make business cards and show up to local chambers of commerce and start networking with people who know people. Maybe one of them needs to get out from under a mortgage or needs a quick infusion of cash for which they’re willing to part with an asset at a good price.

Regardless if your product is baseball memorabilia or houses, when money changes hands on the Internet (or anywhere else), there is always the danger of hackers, scammers, and just plain incompetent people. I’ve had a few of my own negative experiences, which I’ll share in next week’s post.

In the meantime, familiarize yourself with the tools that these brokerage/market makers’ sites provide. Those sites just may provide you with a business that permits you to manage your finances while managing your family the way you want to: from home.