One of the first auctions that I attended, I found out that there are different types of plates when it comes to a set of dishes. Here are some of the more popular ones that you will run across:
Dinner Plates—they are flat and usually round (there are other shapes like square out there). Dinner plates range in size from 9 ¾ inches to 11 inches in diameter.
Salad Plate—these are also known as a side plate. They are flat and usually round and range in size from 7 ¾ inches to 8 ¾ inches in diameter.
Bread & Butter Plate—these are also known as a dessert plate or even a cake plate. Like salad plate, this type of plate is flat and usually round. They range in size from 6 inches to 7 ¾ inches in diameter.
Luncheon Plate—they are often confused with the dinner or salad plates. Luncheon plates are flat and usually round, ranges from 9” to 9 3/4” in diameter.
This is only a sample of all the different types of plates that you will run across. What other types of plates have you seen?
Now that you have attended an auction, paid for everything and took all your purchases home, what are some things to consider?
After you figure out what you want to keep for yourself and what you want to sell, the first thing to do is to figure out where you are going to sell the item. It could be at a flea market, an antique booth or even online.
When you know you where you are going to sell the item, you need to get a little history about the item. Where it was made, who made it and even a good time frame when it was made will help any customer when they are interested in it.
Repairs may be inevitable before you sell the item, and you will have to take this into consideration when you go to price the item. The cost of any repairs that you may make will drive the price of the item up.
These are only a few of the things to consider after you attend an auction. What kinds of things do you run across after you attend an auction?
There are different types of dealers that you will find, and some of the different types could be great for you to do if you are just getting started with antiques and collectibles.
Weekend dealers—these are dealers who shop at yard sales, garage sales, auctions and even estate sales on Fridays and Saturdays and then sell at flea markets on Sundays. You can also find them in an antique mall occasionally, and this type of dealer is also called a “weekender”.
Vest pocket dealer—this is someone who buys and sells in coins but does not have a coin shop or store. They also do not set up at coin shows, and they are often a part time coin dealer. This type of dealer may not do a large volume of business, and they carry their coins that they are going to sell in their pockets. Many coin dealers got their starts as vest pocket dealers.
Greeddobo—(greed-dough-bough) this is a term that is used by southern coin dealers for someone who is so caught up in making profits that they do stupid things or bad ideas to make money. This term can be applied to just about any type of dealer.
Wholesaler—this is a dealer who sells goods in large quantities at low prices to be sold off by others.
This is just a few of the different types out there. What kinds of dealers have you run across?
Auctions have been around for many years now, and there are quite a few different types of them. What are some of the different types of auctions that you might see? Here’s a few of the more popular types that you’ll run across:
English Auction—this type of auction is arguably the most common form of auction that are used today. People attending this type of auction bid openly against one another, and every new bid is required to be higher than the previous bid (this type of auction is also known as an open ascending price auction). The English auction is commonly used for selling goods (most prominently antiques, art, real estate, etc.).
Dutch Auction—with this type of auction, the auctioneer begins with a high asking price for some quantity of items that are the same. The price is lowered until a bidder is willing to accept the auctioneer’s price for some quantity of the goods in the lot (it doesn’t have to be all the items) or until the seller’s reserve price is met. This type of auction has also been used for perishable items like fish and tobacco.
Sealed first-price auction—with this type of auction, all of the bidders that are participating will submit sealed bids at the same time. This is so that no bidder knows the bid of anyone that’s there. The bidder that submits the highest price will win the auction.
This is only some of the types of auctions that you will find. What are some of the other types that you have seen?
When you start to sell items on the internet, one of the things that could eat up any profits are shipping costs. There are plenty of ways to help keep costs low, and here’s a few of them:
Grocery stores like Wal-Mart will set aside some boxes for you if you ask them to. They will give you a wide variety of sizes so you can pack any number of items.
If you have a paper item (like an ad or even the cover of a record), you can use plastic bags from stores to help keep it from getting wet. Make sure that you also put a piece of cardboard with it to help it from not being bent.
When you are packing an item, a good substitute for packing peanuts is newspaper. Make sure that you use plenty of it so that the item you pack with it doesn’t move around and get damaged while being mailed.
This is just a few of them, what kinds of tips have you heard of?
You decided not to long ago to sell some of your items around the house, and some of your item have sold. What are some simple tips that you need to keep in mind to help things go smoothly?
Tip number 1—when selling items online, make sure you have a scale to help weight items you are shipping. You don’t have to worry about getting a scale from the post office—you can use a bathroom scale if it registers anything less than a pound (this will help with first class mail).
Tip number 2—make sure that you pack the items you sell as good as you can. When I pack an item, I will use bubble wrap and packing peanuts to help keep the item I sold from getting broken. You never know what might happen when the item is being shipped.
Tip number 3—If you are unable to get an item you sell to the Post Office, you can always schedule a pickup with them. This can be very useful if the weather outside is bad or if you have to get to work (you can tell the post office to come where you work if it’s ok with your boss).
This is just 3 tips to remember when you sell an item. What kinds of tips have you run across that help you out?
One of the questions that you will ask yourself whenever you are selling online can stop you in your tracks—how long is too long to list an item?
From my own personal experiences, you can list the item from one to four months (that’s depending on the site you are on). These sites will charge you a small fee not only to list the item but to renew the listing as well. The renewal fees itself can add up pretty fast, cutting into your profits once the item sells.
What I do is I look at the listing to see what I can change—a better description or title and even different pictures can go a long way to help sell the item. There have been quite a few of the items that I have sold online that I have done these tricks too that help sell them.
The next thing that I do is I look at the price and lower it a little if I feel that will help. Don’t lower the price too much—it could mean that you would take a loss on it when you make a sale.
I usually don’t let any listing that I have online be renewed more than five or six times. After renewing that many times, I take the listing down and I will combine it with something else to help sell it faster. If I have a set of Tupperware measuring cups that looks like they are not going to sell by themselves, I will take that listing down and combine those measuring cups with something like a set of Tupperware measuring spoons.
One other thing that you might want to consider is switching the listing to offer free shipping if your profits are high enough on the listing.
How long the listing is active also depends on what the item is (like a car or furniture) or how expensive it is. Both may play into how long the listing is active.
What do you do to help sell the items you have up for sale?