Originally Posted by COchief
I've always thought just buying boxes of smalls (small old toys/dolls, fishing lures, etc) and selling them individually on ebay would be a very easy way to make money. I've also wanted to do this for years with garage sales and old lady items.
Ebay and Paypal fees and shipping eat up profits fast. Unless you're selling something valuable that you bought very cheap, I would think "garage sale and old lady items" would be a lot of effort for little payoff.
However, you do have a much chance at finding a real deal at a garage sale-type situation than an auction. If something truly has some value, chances are that someone there is going to know and bid you up. And if something SEEMS like it has value, the rubes will bid it up because they think it is valuable. I dabble a bit in coins, and I routinely see common-date circulated silver dollars available for $25-40 in most pawn shops and ebay go for $50+ because they SEEM cool and valuable.