Selling Rarely Used Items

People always think making money is A LOT harder than it really is.  It's really all about how much you are willing to think of it, how creative you are, and how much time you want to put into it.  Personally, I sell my own stuff I don't use anymore, or really anything that the cash would be of more use to me than the item.  When you first look through your room back home (if your a college kid) or just in your room if you live at home, then look through your old stuff that you never will use again or really doesn't have any value to you. Remember "One man's trash is another man's treasure", and as cliche as it is, it's true.  I could sell a piece of my "junk" but it could go for 20$ or more.  And how hard is that? I look through my room for ten minutes everywhere and in my closet and I could find maybe 20$-50$ worth of stuff easy.  First off is to find stuff that LOOKS of value or really, the best thing you can possibly sell in today's world are electronics.  They are small, easy to package, and sell for a lot higher prices than anything else.  And a big hint, you can sell broken electronics pretty easily too. 

 Here's a list of some of the easiest selling items that are relatively common:

1.Electronics
2.DVD's
3.Textbooks
4.Video Games
5.Gifts you've never opened

(These are just the best items to sell, others can easily sell too, they just aren't as common in a high school/college students room, but I've sold things ranging from a briefcase to a book on how to organize your life to jewelry)

The big one is electronics. This is where most of the big cash will be made.  You may say "I don't have any electronics!" I'd beg to differ. You don't have any games you don't use for the PSP, Xbox, PS2 or 3, etc?  Memory Cards, Camera's, Phones, Mp3 Players, Watches, there's a ton! What about a controller? Controllers can go for 10-40$ depending on what system and what accessories are with them.  They don't have to be new electronics either, I recently sold a crappy old 4gb mp3 player for 29$. Not bad right? I haven't used it in 4 years and I have an iPhone 4 now so its not like I need it.

The best way like I said is to take about a half an hour and shift through all your old stuff.  Once you find a couple good items that you think you can sell, now comes the research part.  Find out what they are worth.  The time really depends on how many items you have.  One item can take 5 minutes on the computer, if you have a lot of old items, it can take longer.  But the basic concept is go to eBay, Amazon, Google, any place you can find the price of your item in the current condition it is in. AVERAGE.  This is the hint. Don't expect 55$ off of an item that sells from 30$-55$.  Normally electronics will yield a selling price closer to the highest selling price but other items will go for the average

The next step is to really figure out what's your best option for selling it.  There are plenty of options:

First option: Online Selling

• This will give you the option for having a bigger audience see your product you want to sell, but it comes with some setbacks:
• You will probably take some time setting up an eBay or Amazon account (But thats a one time thing and personally I think its the most USEFUL thing ever)
• You have to take time taking a picture of your item, posting details, and waiting for it to sell
• IN ONE OF MY NEXT BLOGS I WILL EXPLAIN HOW TO USE EBAY!

Second Option: Sell to a friend

•  This will be probably easier, quicker and informal, but first off you have to find a friend wanting to buy that item so there is a more limited buying audience
• Also you might feel bad charging your friend full price when they can pay the same to get it online, so this may not be the best way to sell and make a lot of money

Third Option: Advertise to the Public

• This works well if you go to college, this is because at a college you can literally post flyers ANYWHERE. Post them in your dorm, on the quad, in buildings, anywhere on campus and leave your email address with them telling you to send offers.  You can haggle once you get responses.

Lastly, after you figure out the best way to market the items you are selling, you have to figure out how to make the most profit.  In my eBay blog I will describe how to maximize your cash, but the best way in person to haggle is basically start high and haggle down in increments until you reach a meeting point.  If they go to low, just reject the offer and they may up their price they may not, it depends on how bad they want it.
Then, sell your item for what it's worth to you.  You can easily make a few hundred bucks just by selling some things from your room that you don't use anymore. Enjoy the cash and wait for more updates on how to make money, I'll be posting a lot more soon!