Where To Sell:
The easiest place to resell items bought at an auction house is eBay. You can easily sell them as unwanted gifts, used products due to an upgrade, etc and you should easily be making 30%-40% minimum profit of each item from what you originally paid.

Of course, it’s still down to you to make sure you don’t bid too much to win the item at the auction house. The more you pay, the less your profit margin will be when you sell it on, so bear that in mind and don’t get carried away with the bidding fun at the auction!

How Much Can I Make?
There are a great deal of people doing this as a full-time occupation, you should start off by visiting a couple of different auction houses until you find one that you like that sells the products you want.

Start off small, buying just a handful of items to test the water with reselling them via eBay. You should quickly see that the items you are selling go for a higher price on eBay than what you paid at auction, making you an easy profit. Concentrate on the products that seem the most popular and aim to buy large numbers of them next time at auction.

Typically you can make £500-£2000 in profit per month (depending how much you are buying and selling) from this type of business once you have practiced and fine-tuned your bidding skills for a couple of months.

Free Resources:
A selection of the best auction houses:
http://www.timeout.com/london/shopping/features/4155/Auctions_in_London.html
http://www.criterionauctions.co.uk/
http://www.shoulers.co.uk/auction-rooms.html
http://www.biddleandwebb.co.uk/com_index.cfm
http://www.tlhauctioneers.co.uk/

 

Click NEXT for a worked example of making money through auction houses and clearing a healthy profit.

<  LAST    -   START    -   NEXT  >