I consider second hand markets a lot, trying to determine the best way to get the most money for our client’s used stuff. One thing I tell people constantly:
When you sell your stuff, you are not going to get as much as you think you should and to get the best price, you need some knowledge or hire someone.
I read & read and talk to people that say the market is not what is used to be, buyers have the advantage. I have seen companies like IKEA criticized because their prices are so low, why buy used when you can by new. My observation: there is so much stuff available. Go to any town and you can find a flea market, consignment store or yard sale. Go to your digital device and find an assortment of websites that sell millions of dollars of stuff, eBay and Craig’s List. Right now, it is great for the consumer but tough for the seller; supply is greater than demand.
What’s selling right now?
there are always new trends, I am better at telling you what is not…
What’s not selling right now?
Women’s clothing unless it is high quality and less than two years old
Furniture unless it is mid-century modern or garbage (which can be refinished)
Smelly upholstered pieces and used mattresses (yuk)
Beanie Babies because everyone has them, especially the “collectible” ones
Home decor which is common: Hallmark figurines, plates with birds, and much, much more
Books unless they are special
Old technology unless it is really, really old
Basically, if it is something everyone has then it is not hot, even if it was sold as “collectible”
How do you gain knowledge?
Start shopping! You do not have to buy anything, look in your area and on the internet. Talk to people, but know, it will take time. Recently, I took a in-person class on “Reselling” were I gained more knowledge than any place before. Also, I am a numbers person. It is in my nature to wonder how much stuff costs and sells for. I understand buying & selling and have a sense when something does not seem right.
Don’t have time, then pay someone to sell your stuff for you. Who? Start with a peddler’s mall or consignment store in your town. And, understand, without doing your homework, you will sacrifice cash because part of the selling price will go to the seller, the rest goes to you.