How to find wholesalers & companies that sell closeouts! ASD market week! Sell closeout items on eBay Amazon & make money!
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ASD MARKET WEEK COMPLETE VIDEO:
List of vendors: https://asd.a2zinc.net/August2018/Public/exhibitors.aspx?ID=11321&sortMenu=101003&_ga=2.62581420.180527785.1543449662-1599992870.1543449662
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great vid shaneman im catching up i had the most horrific thanksgiving 2 days before turkey day i got a call my cousin disappeared left a suicide note for his wife noone could find him police found him dead in his car of a self inflicted gunshot wound we buried him the day before thanksgiving horrible deal.
Hey Shane first let me say that this is one of the best sourcing videos I have seen. I have been selling on Ebay and physical auction sites since 1999. I had to find another career since my original career was ended by a health issue. Personally I couldn't go to ASD because it would cost me about 10% of my net worth to attend. Also when you sell the items you find at ASD your competing with places like Walmart and Amazon for sales. These places will always get better prices that we could ever get. I normally deal in coins. I have several rules when acquiring stock. I must be able to purchase the item for about 20% of resell value, I must make 100$ on every sale minus all expenses and overhead, I prefer my items to have not been on the market for the last 5 years or so. Placing these restrictions I have found that I must, like you said, rely on knowledge to make a profit. There are tens of millions of different coins out there and few dealers really know that value of what they have. This is true about many categories of collectibles. Just thought I would put this paragraph up so people would see how sourcing is really the key to long term success. See you at the next auction Shane.
Mark Horn Great information Mark! You are correct that major retailers go to the same event to buy their items as well. So yes we are competing with the big boys. I should’ve mentioned that night appreciate you bringing that up.
When you are in any kind of small business it's real easy to fall into an area where you are really busy and you start growing and so does your overhead. That is where you have to be very careful. I had a business once that I grew to a $500,000 gross and was only netting about $80,000 a year. two years prior to that my gross was only $250,000 but my net was $130,000. some family said I was nuts for down sizing. Of course those family members were on the payroll.
Shane...I have sold some on Ebay and let me tell you my selling plan. 1st ...I figure out the least that I'm willing to sell something for add 30% and start my auction there (that way if i get one bid i know the item is sold and i made good profit). 2nd.... I set the "BUY IT Now" price at that minimum I wanted and if I sell it that way I got what I wanted and on to the next one. This gives me the best of both worlds and maybe, just maybe two or more buyers will want it and they will bid it through the roof $$$$$.
Shane...I must have over medicated when I wrote this.....LOL I meant to say start the auction at the least I would sell for and add 30% to the buy it now price. I got to start proof reading this stuff I post...LOL!!!!!