There’s a lot of money in antiques and if you know what you’re talking about, you can make a good business from it. If you’re interested in antiques as a hobby, why not take things to the next level and start buying and selling them instead. You can use it as a way of making extra money on the side or try to build it into a full time business. Either way, here’s what you need to know about starting your own antique business from home.
Where To Get Your Stock
The first thing you’ll need is some stock. You could go to antique stores, of course, but they’ll be selling stuff for the same price that you hope to so you won’t be making much of a profit if you do that. It’s far better to go to places where you can get it cheap. Auctions are your best bet because you can find loads of great stuff at reasonable prices. There are two main types of auctions; the estate auction and the consignment auction. An estate auction is where they sell off the contents of a house if there is nobody to inherit all of those possessions. You can often find a lot of good stuff and because they’re just trying to clear out the house, you’ll usually be able to get it pretty cheap.
Consignment auctions are where people bring in stuff that they want to sell. The prices are often a lot higher and a lot of the stuff will just be junk. However, most antique dealers attend these auctions regularly because, sometimes, you’ll find some great stuff in there.
Beyond auctions, you should look at car boot sales or charity shops. Most of the time you won’t find anything good but when you do, it’ll be priced at far less than its market value so you’ll earn a lot of money from selling it.
Even though you’re running this business from home, it’s not a good idea to store all of your stock there. It’ll clutter up the house and you’re more likely to damage it so it’s better to get a dedicated place to store it. Check the self-storage prices online and find the cheapest local place where you can keep all of your stock. It’s also a good idea to label and catalogue it all so things are easier when you start selling it.
Where To Sell
Now that you’ve got some stock, you need to try to sell it. One of the easiest ways to do it is to sell it on eBay. You’ll have instant access to a huge range of buyers and more often than not, you’ll be able to sell it. The only downside is that you might not get as much as you hoped for.
If you’re looking for bigger money, private collectors are good. If they’re desperate for one of your pieces, you can bump up the price. You’ll have to do some networking at auctions and see if you can make any good contacts that might like to buy your stock in future.
Follow these 3 steps and you’ll be well on your way to building your own successful antique business.