The Secret to Buying & Selling for Profit

For the past three decades, I've been buying and selling for profit as a family business with Cash/Money Buyers being one of our latest ventures. When you consider that commerce is basically buying and selling various items for profit, you see that you don't have to be a wheeler dealer Wall Street broker to buy and sell for profit. If you were to walk up to me on the street and say, "Hey Brian, what is the secret to buy and sell for profit?" I'd have to stop them right there and say, that yes there is a secret to buying and selling for profit, but it's not a magic bullet.

What I mean by magic bullet is that I will tell you the secret to buying and selling for profit  in the next few paragraphs, but that doesn't mean that you can put it into action without dedication, work, time and commitment. If you take the secret of buying and selling for profit and you add those other ingredients, you pad your income or turn it into a full time job by buying and selling for profit.

The big buying and selling for profit secret is simple: buy private, sell publically. By private, I mean find local sellers who are just looking to offload stuff. You work local by going to estate sales, looking in the local papers, the shoppers, bulletin boards at the supermarket and find the people who are happy with getting rid of their stuff.

When dealing local, you have an advantage over someone doing buying and selling over the internet. You can go to flea markets, estate sales, garage sales, and with a little know-how you can turn some of those items into cash.

Making money by buying and selling doesn't mean you have to take advantage of anyone. In fact, the more up and up you are when you buy and sell for profit, the more of a network you will create and eventually your hobby can turn into a lucrative full time job. 

When buying or selling, it's up to each party to find a fair price. So even if your intent is to sell some of the items for a profit, you will be working for that profit. Scouring local venues for items to sell is work and without due diligence you won't create a good network. As time goes on you will find that it's easier to find items to buy and sell for a profit and you'll get quite adept at it. 

The secret, of buying privately and selling publically (or nationally on ebay, half, amazon, etc.) doesn't sound like a big secret once you hear it, yet as you put it into action and start accruing a few dollars here and there, you'll soon become a buying and selling profit expert.

Until Next Tip,

Brian