The Big T.O.P. List - The Weekend Garage Sale Picker!

Yes, I know, this blog posting is late in coming....I also got distracted and did a "non picker types related blog post" in between...ooops....my disorganization is showing (more on that "little" topic will be covered in later postings)

It is summer here in Manitoba, and things have been hectic. Summers are just way too short here in the prairies. 

I tend to try to pack a years worth of outdoor work into just a few scant months. Plus, I need to keep up with indoor projects  (and general "life") at the same time.

Also, with summer comes garage sales & yard sales, of course. 

Garage sales and yard sales are pretty much synonymous these days. I have seen "Yard Sales" in garages, and "Garage Sales" held in yards. 

The terms are essentially interchangeable. It is all semantics, really.

That brings with it the "weekend garage sale hobbiest pickers."

Let's just call 'em WGSHP's for short, okay?  That will save my achin' fingers some work....!

So, these "pickers" are probably the "lowest" on the totem pole of picker types.  

No, no, no,  I am not saying they are "scum" or anything of the sort, they are just the lowest level at which I would consider someone to actually be able to legitimately use the word "picker" as a part of their "title".

The individual who is a WGSHP will determine by their actions if they deserve respect or not. Heck, everyone on this earth should take that thought to heart, really...

But, this blog is about picking, so I will stay away from the oh-so-tempting philosophical rant running around my brain (for the time being, anyway.)

WGSHPs do just what the title describes. They run around to garage sales on the weekends and buy items for resale. Whether they resell them online, at auctions, to dealers, at flea markets, to fellow collectors (and on and on) is all irrelevant.

The source of their merchandise is garage sales, pure and simple.

The sources of any picker's merchandise can generally be determined by the types of stuff they don't find.  If you put a pile of a picker's picks in front of them, and lined them up in a long row, you would soon see how the merchandise runs the gamut, as to the picker's picks' quality, type, age, size, etc, etc, etc. The list of differences is an entire lifetime long, really.

For example, a WGSHP may come up with the odd advertising sign, maybe a mint boxed tin toy now and then, some new/old stock inventory once and awhile, a primitive piece occasionally (if that is even on their radar), a valuable painting, etc. 

But, what you will notice is that they do not have a regular influx of certain items that a "professional picker" tends to bring to the market. 

There will/could be a regular influx of Swanky Swigs, Starbucks Coffee mugs, china, 1970s mod items, 1980s funky retro items, 1990s collectible toys, and a long laundry list of other items that can be found at garage sales with regularity.

I am not knocking these items or categories, don't get me wrong! 

Have you seen what some of the modern Starbuck coffee mugs sell for on eBay? 

Heck, it is enough to give you coffee mug envy!

The WGSHP is a part timer...well, an "occasional timer", really. Their buying activity is pretty much limited to those weekend garage sales. They might drop in to the odd auction, the odd thrift shop, and even some antiques & vintage shops. 

They might actually spend a dollar or two in those places, too. Their collecting habits might be the very fuel for the garage sale picking they do. 

Many collectors finance the acquirement of parts (or even their entire) collections in this way, using the profits from their garage sale hunting to add to their collections. 

Oh so many collectors start out going to garage sales in the first place simply as part of their hunt for the objects of their personal obsessions. On one of those outings, they see something that they know is SO absurdly cheap that they can not resist buying it, even though it is not something that they want themselves.  

After that, and maybe even during the moment they spot the bargain.....

....they figure out that they should SELL it to a dealer, fellow collector, scrap gold buyer (etc!). 

They end up grinning ear to ear after they have resold the item(s) for a "handsome" profit. With that profit they treat themselves to a purchase of a  piece that previously caught their bottomless collecting heart, but the contents (or rather lack of contents) of their wallet blocked their acquiring it to fill that empty space. 

With that little space filled.....

A Weekend Garage Sale Hobbiest Picker is born!

Will he/she grow, expand their horizons, mature? 

Some do, some don't.

Those that do mature become one of the many other "Types Of Pickers" in this world....and now you k now where the "T.O.P" of this list comes from....

So, are you a WGSHP? 

Yes?  

No?

If you answered no, keep reading this blog for more T.O.P postings! 

Heck, if you answered YES, you should keep reading, too!
You may end up deciding you want to change your picker title!
Or you just want to be entertained...it is all good! 

Safe pickin', folks! 

Buying Old Junk - Business VS Hobby - Is That Item Truly A Bargain?

You are going to find that passing up on what you initially see as a bargain, and highly "profitable" inventory is a constant struggle.

Why pass up a 25 cent buy that you are pretty sure is worth $15 in a store?  Well, read on, and you will find out.

Some days resisting the urge to buy every "deal" you see will be far easier than others. If you are like myself, our addiction is the hunt and the big rush we get when we find some cool treasure, especially if it was CHEAP.

 After awhile, like any addiction, it takes something more and more spectacular to give us the same "rush" we crave.

But, when it is a significant part of our income/business, also, we need to temper that treasure hunting addiction with common sense and good business acumen. 

Yes, that ornament is only priced at 25 cents, and it is salable for $15 in a shop or online, but is it truly worth the time? And the cleaning? The supplies you use for cleaning? The time spent on cleaning? Time spent photographing it? Editing the photos?  Listing it online? Fees for listing it online? Emailing and answering questions? Invoicing a final buyer? Packing? An the packing materials? Time spent packing it? Mailing? And the gas to the post office? Time spent standing in line at the post office?  Emailing the buyer to say it is in the mail,and sending tracking info? Customer service after to make sure it arrived and they are happy with it?

A the markup on that item was a theoretical profit of $14.75.  But there is an argument to be made that it actually cost you money to deal with that item. 

So, that 25 cent purchase may well have turned into a loss when you factor into the equation all your other expenses.

I struggle with this daily. I have lots of "low end" inventory.

However, I don't buy that many low end items purposely for resale, anymore. Only the odd quarter from my pocket are spent on an item that is only worth $15.

I have lots of that sort of "shelf filler" already.  But, I still acquire that sort of merchandise for other reasons,  by other methods, an din other situations.

When I am out picking, sometimes spending $5 on a $20 item is what you need to do to get in the door.

Making a pile of quarter priced items at a second hand shop can show I am a serious bulk buyer. Might even eventually lead to the "good stuff" in the back room, and/or make a long time and good contact in that area. Perhaps end up with referrals to some of their sources, for items that are priced too high for them, but are bargain priced in your view.

Local thrift stores I go to, I do spend some of my quarters. Some places are run as money making enterprises in support of charities, and are worth supporting. I'll get my twenty five cents back, hopefully, and end up breaking even (once I factor in the $14.75 worth of expenses I have incurred by buying that item!)

For me, it is sort of the equivalent of any expenditure for items of "pleasure"...like buying a soda at the convenience store, a coffee & donut at the local Timmies (Tim Horton's) , popping it in a video game, dropping it in the coin slot of a slot machine, etc.  IN the case of "in support of such and such charity" thrift stores, it is akin to buying a overpriced giant chocolate bar from the local neighbor kids who are raising money for a new bunch of basketballs.

The difference is that I can write it off as a purchase of inventory.  I slaked a bit of  my thirst for a "score" and made the world a better place for only 25 cents!

That is how I rationalize it, anyway! 

That said, I now pass up more "bargains" than I buy. China and glass items are one of those things I pass up more and more, unless the potential resale value is significant, or it is something I am curious about, and/or  want to research it as part of my ongoing self-education in a variety of collecting areas.  I also do buy the odd thing just as a 3-D reminder of an event, place, etc. A souvenir of that stop, and a bookmark in my memory to stop by there again.

Plus, there are those items I buy solely for some of their "parts". A lamp I can cannibalize for a part or 2 to make another salable. The parts may be obsolete, but still are not intrinsically valuable. Even of they are still available new, it is cheaper and/or more convenient to buy the junk lamp than make a trip to the hardware store, or order it online. Plus, the "patina" of age is already there, and the replaced part of the repair/restoration doesn't stick out like a sore thumb.

I get plenty of the $5 to $25 items in box lots at auctions, etc. Even now that I strictly limit my garage sale purchase, thrift shop buys, etc, those $5 - $25 items still  pile up, and I still need to be careful as to how I deal with them.  My accumulated knowledge means I buy more than the newbie, as I recognize more of those 25 cent items as being worth far more than 25 cents. So, the struggle will be eternal. More you know, the more you can buy, because you see more bargains on the tables than the part-timer standing beside you at that garage sale.

I certainly still do not make tons of money when it is all said and done.  I'd be lucky to make $10 an hour.....which is less than minimum wage, here.   If it was ALL about money, I'd be able to do very, very well with a 9 to 5 job.  Heck, on the "oil patch" in this area, even a kid fresh out of high school can get a job with a starting wage of $25 an hour (+benefits)...PLUS they get a pretty new 4x4 company truck to drive.

However, I am "happy" with what I do.  One of these days my chosen profession and skill set I have created, honed, add to and constantly improve on, will all pay off big....

Or so I hope! 

And now it is time to get back at it. I have a stack of boxes to deal with, full of things with 25 cent price tags. 

Pass me that bottle of Goo-Gone, will ya?