I've never had a problem with wholesaling merchandise.
Retailing is much harder...but I have/will cover that in other blog posts.
I LOVE a quick sale!
The item/lot is gone, you just forget it and go buy more stuff. You have cash in your pocket, and if you have bought it right, you paid for your time and hopefully done even better than that.
Remember all the work that goes into retailing items. Leave the cleaning, researching, handling, shipping, packaging, storing, preserving, restoring, marketing etc, etc, etc, to the buyer....who is likely also a steady reseller.
Photo: Gerry Frost of Crazy Horse Antiques (Calgary, Alberta) and
the Author, with part of a bulk purchase "The Driftin' Cowboy" made.
If Gerry happens to look familiar, you may have seen him buying and
selling at various western Canadian antiques shows over the years,
and most recently he has appeared on "Canadian Pickers"
(aka "Cash Cowboys" in the US and other markets) doing appraisals,
and seen attending some of sales put on by the two TV pickers that we in the
business tend to refer to as "The Boys" (aka Scott Cozens & Sheldon Smithens)
Other resellers can be far better customers than the general public and/or collectors. Selling to other pickers, dealers, second hand shop owners, etc creates steady and ready customers...and, just as importantly, are not so heavily influenced by such lines of thought as:
"I already have one of those in my collection."
"I only want one, not all 10."
"I just need that one to complete my set, not the whole set."
"I just want the 3 best condition ones, not those 20 others."
If you have been reselling anywhere, you know very well that this list can go on and on and on and on.
I also try not to wholesale to the general public, unless they actually are resellers themselves, and are willing to buy in bulk. They could become your future steady customers.
I do keep my "retail" prices pretty reasonable, but bulk buyers certainly get even a far better deal from me than Joe or Jane Schmo buyers. "Bulk" means different things to different people. I regularly encounter J. Q. Public that seems to think "bulk" means that their buying 5 items, under-priced at $6 each, means I should be readily giving them a 70% discount...and absorb the taxes.
There are other used goods/surplus goods/antiques/collectibles resellers who don't subscribe to the same philosophy as I do, but usually they have another source of income, thus do not need to turn over inventory to pay the bills.....or they are newbies, and when they stay dedicated to that mantra of "retail only, minimal discounts, no wholesaling" they tend to not be in this sort of resale business long term.
Hang in there when it comes to those sorts....
Ten, five, two or even just a year from now, you may end up buying all their inventory, fixtures, supplies, etc; for pennies on the dollar, at some storage locker auction!
If you are really lucky, and keep reading this blog, maybe even buying my book(s) (when they get done!), you may well end up PAID to haul away the inventory you were wanting to buy!
Happy Picking, Folks!