Deciding where to open your next Second Hand Stores is very important. The location has to be strategic to draw in customers, have a good range of goods, and be convenient to get to. Decide what kind of shop you want to run before you buy your stock.
Decide on the type of goods that you want to sell, how big or small your shop should be, what type of inventory you want to stock, what types of returns you want, and so on. These are all decisions you will need to think through very carefully before buying a stock.
Types of Second Hand Stores
There are different kinds of second hand stores, with a range of speciality categories. Choose the right kind of store to run.
For example, second hand stores are specializing in used books, record stores, music stores, clothes, furniture stores, antique shops, antiques, art galleries, photographic supplies, books and hobby stores.
Decide on your target market, then decide on the type of inventory to stock. Closeout sales and liquidation sales might be an option, or you could simply keep your inventory in stock and wait for the demand to come around.
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How to Find Second Hand Items?
There are many places to find second hand items, both online and offline. eBay is an excellent place to start, as is Craigslist (although some areas have their own limitations, and some sellers may not be serious, reputable buyers).
Check out your local paper’s classifieds, especially in the trades section. You could also join a second hand store mailing list, where you can be informed of special sales.
What to Sell?
There are some things you should never sell from your second hand stores, such as used books, CDs and DVDs, electronic equipment, furniture and electronic components.
These items are damaged often badly damaged, and you risk selling something that’s actually worth nothing at all. You can sell used clothes, bedding, towels, dishes, kitchenware, appliances, electronic equipment, musical instruments, books, DVDs and CDs. If you’re going to put these on your website, make sure they’re in good condition.
Don’t Forget the Cost
The best thing about owning your own online second hand stores is that you don’t have to pay rent, utility bills and taxes. Of course, you still need to hire employees, buy premises, and deal with the nitty-gritty stuff like inventory tracking and sales tax.
But you don’t have to worry about all those legalities while you’re getting started – you can rely on your ‘for sale by owner’ policy as a shield against unexpected problems. And you don’t have to worry about paying taxes either since you’ll be the one making the sale.
Don’t Underestimate the Advantages of a Second Hand Online Store The most obvious advantage of owning your own online second hand store is that you save a lot of money. Selling books, clothes, DVDs and CDs used to be a big job that required a sizable team of people.
If you own your own retail outlet, you could choose what you would sell and how much you wanted to sell it for. The overhead could be significant. But today, thanks to the internet, you can easily set up a website for less than the cost of a domain name.
Don’t Underestimate the Advantages of Social Media
Another advantage is that you can use social media sites like Facebook and Twitter to advertise your second hand goods. It’s not just the potential for exposure that these sites offer – you can use them to interact with your customers, find out what’s popular with them and create a rapport that could make buying from you more likely.
Even if you don’t have a brick and mortar outlet, the internet offers a great way to broaden your customer base. You will need to be careful not to overdo it and appear to be too personal in your communications, but being a real person creates an image that could help you win over a few disinterested consumers. The same applies to your Thrift Stores advertising efforts.
Don’t Underestimate the Cost of Advertising
It used to be that second hand stores had to rely on expensive newspaper advertisements to draw in business. But since everyone has access to a computer, this option is no longer a practical one.
There are better ways to get the word out about your Thrift Stores and second hand stores in general. Consider creating your own website and also using social media sites like Facebook, Twitter to advertise.