Tips For Turning Your Used Tool Affinity Into A Profitable Online Business
Posted on: 17 March 2015
Are you a handyman or do-it-yourself enthusiast? Are you looking for ways to turn your hobby into a money-making venture? Follow some of these tips on how to sell used tools at online auctions, social media sites, and online want ads:
Pricing policy: When listing your items for sale, find comparable prices by looking at similar items that have sold. Don't go by current listings, because some novices may not know what they have. They may also think it's best to list everything for a 99 cent starting price and this price may go up significantly by the time the sale ends. By verifying recent sale prices, you'll know what people are willing to pay for your used tools.
Customers: When pricing and writing descriptions for your items, try to consider who your final customers might be. A budget-minded contractor might be willing to pay more for a certain power tool if they know it works and all the pieces are there. Someone completing a project around their home could be willing to pay a higher price if you can guarantee it'll arrive by a certain date. If you are selling collectible antique used tools, you could offer a gift wrapping service, for an additional fee, around Father's Day.
Pictures and videos: Take pictures from all sides of the used tools so that potential buyers can gauge the condition of the item. Discard pictures that have the wrong colors or are out of focus, as this may drive buyers away. You should also make a video of the power tool in use and follow the site's instructions to embed the video in your sales listing. By doing this, potential buyers will be able to see that the tool is in working order.
Lightly damaged items: Selling used tools that have damage is okay, as long as the blemishes are featured prominently in your listing. For example, if you're selling a hacksaw with a damaged blade, take a closeup picture of the damage and also include it in the first few sentences of the written description. Unless the tool is a rare antique, you should also price it lower than comparable used tools that are in perfect condition.
Incomplete kits: If you don't have the complete set, consider building your own complete set to list. For example, you buy could find a socket set at a yard sale. It may be priced cheaply because the owner has lost one or two sockets or the case that holds them all. After you negotiate the lowest price possible, start searching online listings for the missing parts. Single pieces are often extremely cheap on auction sites. Once you have the replacement piece or pieces, you should be able to sell the complete set for much more than the total paid for all the pieces individually.
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