So you want to be a Picker? Part 2
There are lots of ways to pick an item.
It's not all about riding around in a truck, seeing a house with a
lot of junk, hopping out with a flyer and asking to pick through
their stuff. You can pick at yard sales, flea markets, and all sorts
of auctions.
Auctions have become a personal
favorite of mine because there is usually a large variety of items and a
limited set of people trying to buy it. While I love a good auction,
there are a few things I have learned along the way. I've learned
that there are two types of buyers. Those that preview the items and
those that don't.
It's a lot like movies. I have friends
that go to the movies and actually get there early to watch the
previews before the feature. I usually get there about 10 minutes
after the stat time to avoid wasting ,
errrr... watching them. I am not this way with auctions.
There
is typically a preview period that begins at least two hours before the
auction actually begins. This is your chance to pick through the items, test
things that are electronic, motorized, or may have parts missing.
Most auction items are sold as-is, meaning you can't call them up and
ask for a refund. They simply sell too many items to be able to test every
little things.
This
gives you an edge against the folks that treat auctions like I treat
movies. You know which items are in good working order and which
aren't. You can sit back with a a grin as you watch some unknowng folks engage in a bidding war over a
toaster you know will never have the privilege to burn a single piece of bread.
Why
am I a previewer? Because I got burned a a few times. I bought a BB
gun for $6 that had no compression when you pumped it. It would have
been easily discovered during the preview. I also bought a gas edger
for $20 that looked new, but ended up needing the float replaced in
the carburetor.
While
I've been burned, I've also come out on top as a result of a preview.
At one auction I was checking out the tool section and found a 5
gallon bucket of random tools. I did a bit of digging and realized
that it had a lot of Snap-On and Mac brand tools that are easy sales
on eBay.
Just
this week, I went and saw a bunch of Skateboard DVDs. I went to my
#1 picking tool and started typing the name of some in the search
box. Most were not worth messing with, but there was a 10 disc set
that has sold between $35-$50 several times on eBay. I later bought
three of those sets for $3 each. Even if the don't sell fast, I will
make 10x my money on those eventually. I also checked out some
electric shavers that I snagged super cheap and should 4x my money
on.
This
stuff is not rocket science, and I'm sure that you would have
eventually figured this out on your own. But I'm hoping to save you
the $80-$100 I wasted before I became a previewer. So, If you want
to be a picker..download the eBay app and carve out some extra time
to preview the next auction you plan to attend.