Guest Author - Kim O´Shea
We have all heard about the incredible finds that are made at boot sales. These days people are more aware of what they are selling so the days of finding hundreds of bargains just sitting there waiting for you are probably long gone. That said however, there are still profits to be made.
The earlier you get to the boot sale the better. That doesn’t mean that you will not find anything if you go towards the end, it simply means the earlier you go, the more choice you have.
If you don’t see what you want on display, don’t be afraid to ask! Space is often at a premium and the seller may have other items still unpacked. Check under the table and rummage in any bargain boxes. That elusive item may be tucked away half hidden from view.
If you are going to a boot sale in the summer make sure you take sun screen and even consider taking a hat to protect your head. You will probably lose track of time and before you know it you could end up with heatstroke or sunburn.
Take plenty of change with you as sellers will not appreciate having to change a large note for a relatively cheap item. You could also take some old newspaper or bubble wrap with you in case the seller will not wrap the item for you. You don’t want to arrive home and find you’ve lost most of your potential profit through breakage!
Don’t be afraid to haggle but if the seller really won’t lower the price ask yourself if it is worth it. Don’t lose the chance for a profit because the margin won’t be as large as you would have liked. All profits are welcome. At the same time, don’t buy it if you think it would struggle to even break even.
Remember you are buying to make a profit so take all expenses into account.
Always take a notebook with you and write down the price paid for each item. It’s easy to get confused and when you come to list your items on the online auctions site you need to know the exact price paid so you know what price to start them at and what final sale price you hope to achieve.
Don’t forget to keep an account of your other expenses. Work out your petrol costs, any food you had to buy, entrance fees and any other payments you make in the course of your sourcing trips. By keeping proper records you will soon see where your profits lie and can then concentrate on these.
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