> but how do you know, or know with some certainty, that the items you buy on speculation can be sold for a profit?
Jeff,
Like Gordon said, the key is "buying right". You must know your market. Check the going rate in the local adsheets or thrifty nickel papers. Then when you find something "below market", you buy it, take it to market, and pocket the difference--your profit.
Another way is to check the prices on Ebay. Do a search on Ebay...see what a particular item is bringing at auction. Compare that to your local pricing. Maybe you can buy off of Ebay and sell locally, or buy locally and sell on Ebay.
The auction route involves shipping costs.
With "Gordon's way", you buy here, and sell there. The key is the quick flip.
Either way, local chatteling, or online auctions, the main thing is to "Buy and Sell", not "buy and hold".
Be blessed,
JDB
Hot off the press..."Online Auction Basics 2002"