Learn to buy and sell antiques and collectibles
Free Newsletter
The IWantCollectibles Newsletter provides tips and advice for anyone with an Antiques, Collectibles or eBay business!

 
More Antiques and eBay Newsletter Information

Advice for doing buying events



Nate asks,
“Have you ever conducted a TRAVELING BUYING EVENT to buy antiques?”

* * * * *
Are common eBay selling mistakes costing you money? This short quiz will help you earn more money in your eBay auctions.
Check your eBay knowledge now.

I haven’t done buying events. I have friends who do them, so here’s some advice based on what they’ve told me.

Note: this is not a technique for people just starting out. You need some experience and a large amount of cash on hand.

Basically you run ads the papers the Sunday before, then on Wed, Thurs, Fri, Sat, and Sunday for an event on Sat. and Sunday. If you can specify locations you want the top half of ODD pages.

Take pictures of the people who sell you interesting items and then use them in your future ads. “John Smith was amazed when we paid him $$$$$ for his _______” The Weds, and Thurs. ads can be smaller but you want larger ads on the other days. The papers should give you a nice discount for buying a number of ads and paying in advance.

In your ads you want to show the best and most expensive items. The majority of items you’ll be offered will be cheaper. By showing the better items, you’ll have an easier time explaining to a seller that his item is not worth as much as the one shown in your ad.

Don’t overlook the small papers in your market. Most have gone under in the past few years, but monthly papers in retirement communities and driveway drop papers can be quite effective because they are cheap. These little papers are also more likely to do an article about you holding a buying event. Some will even just run your press release as an article.

When you do the event, you want to deal with sellers without having other people standing around making comments. This will prevent people from screwing up your deals.

If you’re renting a room at a hotel, make sure to get a ground floor room with exterior exits directly to the parking lot. You also want a hotel that provides a safe in the room, or a safety deposit box to keep your money in.

If you don’t feel comfortable with the money, you can hire an off duty police officer to handle crowd control. You pay them by the hour ($10-20 is normal), and they will wear their uniforms and guns. The off duty officer will also make it easier for you to eject people who stand outside trying to take the deals away from you. Just call the local police department (not the 911 emergency number) and ask about hiring an officer.

One point you need to watch is doing appraisals. There was a guy in Chicago who was prosecuted for doing appraisals and low-balling items so he could buy them cheaply. You don’t do appraisals, you make cash offers based on your desire for the item.

Terry


Did this answer your question? If not, try looking at the questions and answers within the
Finding Products, General category, or do a search for other questions.
If you are unable to find an answer to your question, send me an email, and I will answer it.


Many of the articles and free reports here on IWantCollectibles were originally sent to readers of my Antiques and eBay Newsletter. Not all articles make it onto the website, and readers also get notices of free reports and special offers.

Ted at his desk.

Most Popular Articles on IWantCollectibles
  • Finding Products To Sell On eBay
    How to find products to sell on eBay is the most common question I get from my readers. This page has links to all the articles and reports I've written about finding eBay products.
  • How To Be An Antique Dealer
    The best way to start an antiques or collectibles business. Part 1 of a five part series on being an antiques dealer.
  • Understanding eBay Changes 2011
    This page covers eBay changes and has links to all articles on IWantCollectibles about working within the changes. Sign up for my free newsletter for articles covering new changes as they are announced.
  • Tips for Starting an eBay Consignment Business
    Selling on consignment is the perfect way to start on eBay. This article is an introduction to consignment selling, and explains what you'll need to be successful. First in a series on eBay Consignment.
  • Shopping For eBay Products At Garage Sales
    Thirteen tips for garage sale shopping. Part one of a two part series on garage and yard sales.
  • Finding New Products for eBay
    If you want to sell new products you need to concentrate on items others are not selling. You need to find sources other sellers are unaware of. That is not hard to do. Here's a list of articles to get you started on the right path.
  • eBay Auction Category, Title And Keyword Advice
    A series of articles about getting your items found on eBay. Covers category selection, eBay keyword rules, and researching keywords. Finally you'll learn how to write an informative, keyword rich title.

Summaries Of Recently Added
Antiques, Collectibles and eBay Articles

  • A Few Quick Buying Stories
    This article has 11 short stories about buying antiques and collectibles. Each has a simple lesson to help you become a better purchaser of used items for resale or your collection.
  • 11Main.com is DOOMED - a Review
    In February 2014, Vendio announced a new auction site - 11Main. Vendio provides tools for eBay sellers, and runs a huge auction site in mainland China, so this should be a good competitor. I signed up back then, and have been keeping notes over the past 5 months about what I've done. In June, I examined the site and decided to stop wasting my time.
  • EBay Auction Sales Down?
    Due to the recent hack of eBay, and the requirement that users change their passwords, many buyers are having problems bidding. This means auction results are down. EBay has announced they will allow sellers to cancel auctions - even ended auctions without penalty. This article has more information.
  • Some Observations On My 2013 EBay Effort
    While doing my taxes, I started thinking about last year's results. This article just has some quick lessons based on my results.
  • The Fixed Price Trap
    Are you caught in the fixed price trap? This article explains how eBay sellers damage their businesses by falling into the Fixed Price Trap, and some suggestions for avoiding the trap.

More Antiques, Collectibles, and eBay Articles


Free Antiques and eBay Newsletter

eBay Questions and Answers

About .

Contact Terry

Free eBay Ebooks

eBay Resource Reviews


eBay Advice

Antiques Advice

Antiques and eBay Reports


eBay Articles
11Main.com is DOOMED - a Review

Finding Products To Sell On eBay

What to Sell On eBay?

How eBay's Best Match Search Works

How To Sell On eBay For Beginners

The Drop Shipping Myth Explained

Dealing With eBay Changes 2012

Overcoming Common eBay Seller Frustrations

27 Ways To Find Antiques To Sell On eBay

Advice for Writing and Selling Ebooks On EBay

Selling Antiques On eBay

Using Facebook and Pinterest to Promote eBay Auctions

Tips for Starting an eBay Consignment Business

eBay Title Tips

Selling At Antique Shows Versus On eBay

Buying eBay Products at Yard Sales

Finding eBay Products At Garage Sales

23 Tips For Taking Better eBay Pictures

Finding Wholesale Products To Sell On eBay

How To Use eBay Listing Upgrades And Options Efficiently

Does An eBay Store Make Sense For You?

Some Observations On My 2013 EBay Efforts

Should You Be Selling With Fullfillment By Amazon Too?

Minimizing eBay Fees

19 Ways To Quickly Improve Your eBay Auctions

eBay's Detailed Seller Ratings Reexamined

The Fixed Price Listing Trap

Finding eBay Keywords For Old Items

Adding Youtube Videos To Your eBay Auctions

Commonly Used eBay Abbreviations

How To Drive Traffic To eBay Auctions and Websites

Selecting The Best Category And Keywords For Your eBay Auction

Finding eBay Products By Finding People

Identifying eBay Products People Want

Signing Up People For Your eBay Consignment Services

Motivating eBay Auction Visitors To Bid

Getting Started Selling On eBay

eBay Keyword Rules Explained

How To Add Free Pictures To eBay

eBay Selling Tips

Free eBay Shipping Calculator

Shipping Advice for eBay Sellers

eBay Packing With Paper

eBay Arbitrage Profits

Figuring eBay Consignment Fees

How To Have Negative Feedback Removed For Under $500

Finding Antiques And Collectibles To Sell On Ebay


eBay Reports

Setting Your Ebay Business Up For Growth

Start Your Own eBay Consignment Business

Finding Profitable eBay Niches

Finding Profitable Hidden Bargains at Garage Sales

Finding Wholesale Products To Sell On eBay

Secret eBay Product Sources

Selling Public Domain Items on eBay

Recent eBay and Antiques Questions

Affiliate Center

IWantCollectibles.com Sitemap
© Copyright 2001-2014 Terry Gibbs
The Auction Revolution is a product of IWantCollectibles LLC
IWC LLC PO BOX 842, Mesa, AZ 85211