The Pros and Cons of Buying and Selling Antiques

For quite a number of individuals, the thought of buying a couple of antiques and making an attempt to sell them online is an attractive one.

That could be driven in some cases by a real curiosity within the topic and a need to pursue a business in that domain but in others it will be more of an attempt to generate no less than some additional income to assist survival.

It looks simple

At face worth, this is a really attractive option.

All it’s essential to do, so the mythology goes, is pop along to your native Bric-a-Brac, second-hand shop or public auction and purchase some old items for a comparatively small quantity of money. You then sell them for an unlimited profit to individuals on-line and probably abroad, all of whom just cannot wait to get their fingers on your items.

If only!

Sadly, it is anything but a simple route to fame and fortune. Let’s have a look at just some of the points that can stand in your way.

Competition

The first thing to recognise is this concept is hardly going to be revolutionary.

A number of folks love raking round for bargains and the thought of selling them for a profit. A lot of the stuff you will be seeing on the market is, frankly, junk and when a couple of decent items do come alongside you can be sure that competition for them will be fierce.

Generally that competition can get completely out of control and result in costs being offered or asked for which might be totally unrealistic and which depart no room by any means for a re-sale profit margin.

The truth is, many public auctions will trade on your very desperation and eagerness, plus that of other inexperienced sellers in the room, in order to assist drive up their costs to wildly over-inflated levels.

Taxation

Once you have sold your items, hopefully for a profit somewhat than a loss, expect to get some hefty tax bills as a result.

Area does not permit a full discussion of the tax issues right here however most unbiased observers will inform you, accurately, that tax and associated prices can critically eat into what you assume to be your profit margins.

Shipping

Some individuals start their antiques enterprise and pick up some really lovely items of, say, furniture at reasonable prices.

They know that these will (or perhaps SHOULD) sell for considerably higher prices, then start to advertise accordingly. It is only at that stage a few of them discover, to their horror, that shipping bigger or heavier items around the globe might be both phenomenally expensive and desperately risky.

The cost of packing, shipping and insurance, which you will must pass on to your customer unless you need to go bust, can end up making your item actually more costly than a purchaser can find it locally.

Voila! You end up stuck with an item that is effectively un-saleable.

So, must you surrender?

When you have a dream, it’s always value going for it.

It is also price bearing in mind that many on-line antique operations are profitable with things resembling watches, clocks, jewellery, pottery, carpets, furniture and vintage swords etc.

Nevertheless, make certain you don’t make the mistake of thinking this goes to be easy but instead do some intensive research on all facets of running a business, whether or not it is in antiques or some other sector, earlier than you make a start.

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