Going to yard sales and only looking for games is foolish as I have said in the past, there are many other items available for picking that are great for reselling, you must broaden your spectrum a bit if you are a reseller only looking for games. If you are bothering to drive to yard sales and use up gas then you may as well pick over everything that is there or at least buy some things for yourself while in the process. If I was going to sales and just looking for one category of items then I wouldn't even bother wasting the gas to do it, as there is no way there is enough profit in it even if I went to every single yard sale in my whole area. I would still have limited time to hit every sale as sales only go on for so long. I may get a few games per summer that I can turn a profit on but most of the time the games I find at yard sales are close to ebay prices because most of the games I find at yard sales are shovelware that doesn't sell for more than $3-7 on ebay, and even if you are buying those games for 25 cents to a dollar, you can't make enough money off it to justify the time and gas money spent.
My advice would be to figure out what is common in your area at sales then look them up on ebay ahead of time and figure out which are the highest price items, if you see a lot of kids clothes, you can make money off that too if done right, find out which brands are ripe for selling and buy those up in good condition for 25 cents or 50 cents a piece then package them together in lots by size for selling...etc.
90% of the items I get also require a holding time before they are sellable, summer isn't exactly prime ebay season, and I can't exactly sell a winter coat in summer if you know what I mean, so I have to hold most of my items until they are ripe for selling which is usually around the holidays.
You also have to think about local selling opportunities, I know I can trade most cell phones into this stand at the fleamarket for around $5 each if they are working, so if I see phones for $1 which I do frequently, then I pick them up, these phones won't sell on ebay since they don't have high enough value (some do and if so, bonus for me!), but I can trade them to the flea market to make money. One time I walked out of the flea market with $95 cash in my pocket from items I brought to different vendors and traded in for cash, and it only took me about 30 min and no hassle to do it, also no ebay fees!
Like the person who grabs skylanders from TRU to resell, that is not worth it for me either, for each trip I would have to drive 30-45 to the nearest TRU for them, that is a lot of wasted gas just to see if they have some. I think this bubble will burst fast as Gamestop is gonna start taking in trades on skylanders. It would be different if I lived within walking distance of a TRU store but I don't, and most TRU's here are in huge shopping districts with no housing close by so it would be very hard to be located within walking distance of one. The hot items like this are also more prone to people buying them and then claiming the item is damaged or not working or that the package arrived empty, then you are out money because ebay almost always sides with the buyer.
Super easy to combat resellers at your yard sales, if you are running a yard sale and you get people that are obvious resellers (run up to your sale and ask for games) then just tell them you have to look up the price of the item on ebay before you decide how much you want to sell it for. Sit there with a laptop or a smartphone. That should put them in their place.
The reason people have yard sales is to unload junk, however where I am its simply not worth it to have a yard sale, if you truly have junk that is not worth ebaying then you can only count on making about $50-70 on it, the ad in the paper costs $35-40 and you have to have an ad or else no one will come (trust me, tried it before). That isn't really worth getting up at 5am on saturday and sitting out with the stuff all day for a few bucks, and not everything will sell either so you have to deal with leftovers. You are better off just donating all your stuff, throwing it out or giving it away to friends. The only way to make good money at a yard sale here is to unload large things like furniture or large appliances and put an ad on craigslist advertising each large item and say its viewable at yard sale on x and x day.
I am super friendly and I stop to look at all the wares before I ask for something I may be looking for in specific, and I only do that if I really want them item or if I think the person might have the item that I want. I also look like I have kids, and I am the perfect age to have kids, but I really don't have kids, but all the toys and games are really for me, lol.
Edited by SaraAB, 23 April 2012 - 05:13 PM.