Business Type: Sales of Discounted and Clearance Electricals

Starting the Business: Not many people are aware of the following information – most of the major electrical stores have clearance auction websites where they sell ex-display, damaged, or returned & refurbished electrical goods that they do not wish to sell on the shop floor. They do not promote these websites to the general public for obvious reasons, but those who know of these website can pick up plasma TVs, hi-fi’s, kitchen equipment, etc at seriously reduced prices which can then be sold on for profit via eBay, gumtree, etc. Simply register with the websites and you’ll gain access to all of their current auctions where – just like eBay – you can bid on the items you want to buy. All items generally have full descriptions of whether they are returns, graded, damaged, etc so you know what you are buying before jumping in. You do not need to sell many of these items to make a very healthy supplementary income which you can scale as you wish – keeping it as a part-time hobby, or increasing sales to a full-time business holding lots of stock.

Where To Sell: eBay is the best outlet for reselling your clearance items. Other avenues for selling your items would be the freeads papers and also Gumtree.co.uk (which is now owned by eBay) which lets you list your items for sale in your local town for free. As everyone wants bargain electricals these days you can really advertise them wherever you want and you should get a good level of interest from people for the popular items. You should very easily make between 20-30% profit on each item, even if you are selling them competitively, and you therefore do not need to sell too many products per month to generate a healthy income.

How Much Can I Make?
As this is a very scalable business, it’s really up to you how much time and effort you wish to put into it. You can start off just buying the odd TV or Hi-Fi and making an extra £100-£200 per month with virtually no effort. Alternatively you can start by buying a few items, reselling them, re-investing the profit into buying further items and growing your business organically this way. It may take several months to reach £1000+ income per month doing it this way and starting off slowly, but it is a great way to make additional money straight away, especially if you are starting out with very little to spend on anything. You can also scale the business up and down as you wish.

Click NEXT for the unknown auction sites the major retailers don't like to make public knowledge, and a whole bunch of other useful resources for this business.

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