| Sandy D | 04-25-2012 12:28 AM | Quote:
Originally Posted by they_screwed_me_too
(Post 334005)
are there huge profit margins to be had anymore ?:confused: | Yes, not like it was but profits can be found still today.
But, it cannot be a new wholesale item that everyone can get.
I specialize in antiques and collectibles therefore smaller competition and the pool of people in this area is shrinking all the time as most younger 35 or below are and never were interested in antiques and collectibles.
Most older people I watched and learned from since I was a kid are gone or retired. I hardly ever see young people at auctions anymore. Mostly older people who are just doing it for fun now.
Many that have no clue bid up stuff 5 times its value or run out of money.
Antiques and collectibles for those with years of knowledge is still highly profitable.
Add in yard sale crap and a few new things and profits in volume is what I think goes.
Not much competition in the auctions anymore. I think it is because people who used to have money and knowledge are not showing up and if they do they are not buying anymore.
The other thing is Americans are getting older and shrinking their houses and therefore the items they have. I am seeing a nice trend of better goods coming to auctions lately. For a few years it was mostly low end household stuff but not anymore.
I have a goal to sell 500 items in one day. Might never hit it but I am going to try. |