How to Make $500.00 per TRANSACTION by Chatteling (buying and selling).

hi GordonJ,

Thank you for providing this forum and this information on chatteling.

Can you tell me how you go about finding the market price for items to buy and sell please?

I was wondering if you use a particular method for finding the price that buyers will pay. I'm keen to do my homework well before parting with any money. I don't have much money to speculate with, so i need to be doubly careful.

Also, do you know of anyone who uses this method to make a full time income and what kind of areas should i be looking to chattel.

Thank you
Steve

[GordonJ]

Originally Posted by SteveR

hi GordonJ,

Thank you for providing this forum and this information on chatteling.

Can you tell me how you go about finding the market price for items to buy and sell please?

Amazon, eBay FINISHED listings and craigslists SOLD are the basics



I was wondering if you use a particular method for finding the price that buyers will pay.

Use the above ... real time answers, eBay COMPLETED listings give you a good idea.



I'm keen to do my homework well before parting with any money. I don't have much money to speculate with, so i need to be doubly careful.

Start small, 10 bux and get your feet wet, buy something and make a couple of bux, work your way up.

Also, do you know of anyone who uses this method to make a full time income and what kind of areas should i be looking to chattel.

Yes, many of them now own a storefront business but started buying and selling from their home. Comic books, antiques, watches, music store, furniture, several consignment store. Some people look for things, things they know about.

I look for UNDERVALUED chattel, I look for the GAP between what is being sold over here and what they will pay over there.

Get used to using eBay completed listings in an area you want to start in and you'll get an idea of what the market will PAY. Also Amazon.

Thank you
Steve

The biggest stumbling block for most people is their doubt and fear.

Start small, gain confidence and stand between a desperate seller and a hungry buyer, again, use the above to learn what is selling.

IF you have a hobby or an area of interest, daily spend a few minutes studying that market, use tools that let you search many craigslist listings...and keep at it.

Gordon Alexander

Hi Steve,

Quick Tips, past Research & IDEAS in Addition to Gordon’s Suggestions and Advice…

Test, Test. Test and TEST SOME MORE…

DIG INTO AND FIND THE BEST still WORKING TRICKS & TOOLS...

REVERSE ENGINEER between CRAIGSLIST & EBAY…

Wheeling and DEALING with a Mix of [BROKERING] and A FEW Other Creative Spins somewhere in Between...

Once Perfected… You’re well on your Way…

An Investment into Gordon’s Knowledge, Related info product as per Dien’s post…

As you Dig into the Following will HELP in All Kinds of Ways…

{ROI} RETURN ON INVESTMENT….

SOONER THAN YOU THINK…

Shoulda Woulda Coulda! ...

PART-TIME… FULL-TIME… Or ANYTIME! ….

ENJOY & HAVE FUN DIGGING IN AND RESEARCHING…
http://www.dumblittleman.com/2009/03...ay-buyers.html
https://www.google.com/search?q=http...cf.osb &cad=b
http://www.similarsitesearch.com/alt...-to/get4it.com
https://www.google.com/search?q=More...ient=firefox-a

Phil

Good Morning All!

I've been lurking for some time and finally registered. I was actually drawn here AFTER stumbling onto Gordon's Chattel Report a few years back.

Steve, if you have not already purchased the report I can say that I have been very satisfied with the content. I was doing something similar but was able to fine tune my activities and can now make extra cash as I need to. In fact on my first purchase/sale I bought a Snap-On scan tool (automotive diagnostic tool) for $250 and sold it for $375. I was pleased as this covered the cost of GJA's report and again I was able to get some great ideas on the whole process.

Thanks Gordon!

Rich

[GordonJ]

It never dries up, goes away or gets old...because

of the Parade of Life...

Most people do it every now and then when the need arises, but, there are a few over the years who have mastered their niches...some people like to specialize.

Since my original report over 15 years ago, there have been all kinds of reports and books written about it...most of them specializing...for example, John McTighe wrote a report about APPLIANCES (I think it was John)...which requires a lot of lifting, moving and transporting.

NOT many people do drapes or wedding dresses, BUT, if they have taken the time to build the networks up...a handful have found full time income from some very part time effort.

MY favorite part of the The Chattel Report; The Sprint to Freedom is the psychology behind the sale, as taught to me by my 9 year old (at the time) daughter, who demonstrated disappointment can offer be the most powerful persuader...far more effective than "bickering" over price or putting down, in some way, the chattel.

Chatteling is an ANYTIME you feel like it way to make money.

Gordon

Originally Posted by Garr

Good Morning All!

I've been lurking for some time and finally registered. I was actually drawn here AFTER stumbling onto Gordon's Chattel Report a few years back.

Steve, if you have not already purchased the report I can say that I have been very satisfied with the content. I was doing something similar but was able to fine tune my activities and can now make extra cash as I need to. In fact on my first purchase/sale I bought a Snap-On scan tool (automotive diagnostic tool) for $250 and sold it for $375. I was pleased as this covered the cost of GJA's report and again I was able to get some great ideas on the whole process.

Thanks Gordon!

Rich

Originally Posted by GordonJ

It never dries up, goes away or gets old...because

of the Parade of Life...

Most people do it every now and then when the need arises, but, there are a few over the years who have mastered their niches...some people like to specialize.

Since my original report over 15 years ago, there have been all kinds of reports and books written about it...most of them specializing...for example, John McTighe wrote a report about APPLIANCES (I think it was John)...which requires a lot of lifting, moving and transporting.

NOT many people do drapes or wedding dresses, BUT, if they have taken the time to build the networks up...a handful have found full time income from some very part time effort.

MY favorite part of the The Chattel Report; The Sprint to Freedom is the psychology behind the sale, as taught to me by my 9 year old (at the time) daughter, who demonstrated disappointment can offer be the most powerful persuader...far more effective than "bickering" over price or putting down, in some way, the chattel.

Chatteling is an ANYTIME you feel like it way to make money.

Gordon

I hope the information is true and reliable. I am looking for less effort money making job as my current work is not paying enough. I will try my luck and hope i could get something out of it. Thanks again

Hey Gordon,

Thanks for Reviving the Chattel Discussion. I Think I have an encyclopedia's worth of examples and notes over the years in my Gmail account lol

Here's a couple of recent examples I experienced.

The Garage Sale

I'm in our nations capital working on a project and staying with family. During my visit my older cousin's community decides to hold a neighborhood Garage Sale about 2 weeks ago. I decide to give her a hand as there was a lot of "Junk" that needed to go. One Problem. It was raining cats and dogs...AND we find out that the neighborhood event has been RESCHEDULED to the following week!

We HELD IT ANYWAYS!

We were the ONLY garage sale. People came at 7:30am and started to BUY! Umbrellas and all. I was excited to see the level of interest. One Grandfather clock Sold. Then some cheap DVD's and CLOTHING and RUGS Sold sold sold.

A dollar here...five over here..

It was NOT a rush of people but a steady flow over a couple of hours.

At around 11:00am I ask my cousin..."How Much Money Do you think you've made?"

She did some quick mental math and replies..."All Total?..just Shy of $200".

WHAT?!?!

We ended around noon that day. Hmm 4-5hours work Net $200. NOT BAD right?

I was actually SHOCKED! Pleasantly of course. What surprised me was the Transaction sizes were soo low...and since I was not keeping track, it did not feeel like we hit $200.

It was kinda cool to meet people and "wheel and deal". I was more hired help SHE (my cousin) did most of the deals. But it did give me the CHATTEL bug back.

And since I am in a new city for a while... here's what I did to start".

I consciously set aside $100 to Start. That $100 was my "little soldier" (Hat Tip to Kevin O'leary from Shark Tank)...who's mission was to go out and bring me back something of higher value or "Undervalued Chattel".


WHEN YOUR MIND IS READY OPPORTUNITIES WILL PRESENT THEMSELVES

That night I asked my younger cousin if he had anything he wanted to sell?

I noticed that he had a Blue Nintendo Wii he wanted to sell for some quick cash. I noticed this WII #1 Because it was blue and #2 Because I had sold one months ago QUICKLY for $100.

So I already KNEW the "Street Value" and that if I could get it for less than that, my PROFIT would be LOCKED IN.

He said he wanted $70. I said that was MORE than I personally was willing to spend, and that he could get more if he put it up on Kijjiji/Craigslist himself (Yes he knew I was going to resell it). He was ok with that...and I just went and focused on other projects.

**QUICK SIDE NOTE: I DOUBLE CHECKED THE STREET VALUE ON EBAY, KIJIJI and AMAZON to ENSURE THE MARKET VALUE MATCHED WHAT I HAD IN MY HEAD FROM PREVIOUS MONTHS. DO THY HOMEWORK**

...

A WEEK WENT BY...and NOTHING Happened

1. My little "$100 soldiers" did NOT do a darn thing for 7 days and I was VEX. I hated seeing the money just sitting there.

2. The Nintendo WII was STILL up there in my cousins room 7 days later. And I knew that the rescheduled garage sale was happening that weekend...My cousin "May" go and sell it himself...but I DOUBTED IT.


So I what did I do? ...

I went BACK TO him and Made the DEAL late Friday night. BEFORE THE WEEKEND. I Put my soldiers to work. I asked him "How Much?" He said $70... Because he was Family I did NOT haggle him down. Also I wanted to just get MOOVING. So I made the deal..

I was now the Proud owner of a Blue Nintendo Wii.

BIG Deal!...I don't play games and had zero interest other than to SELL IT FAST.

That Saturday (Next morning) I went around to the neighborhood Garage sale (this was the one that was cancelled previously) to see if I could put the rest of my soldiers ($100-$70= $30) to work. While out walking...

I Get a TEXT MSG.
It's my cousin.
Somebody is at the house.... and wants to BUY THE WII!

YES!!!!!
Wait a minute!!
Hunh??!

I KNOW that I did NOT put up an ad...NOR did he.

I rush home...to CLOSE THE DEAL FIRST And ask questions later.

It turns out that one of The Student Renters had a friend over that wanted to BUY the WII. When The Student Renter asked my cousin, where his WII was...he was told that ...DUANE OWNS IT NOW.

THAT explains why I got the call. Muahahah!

I was able to sell it for $120 bux.

EXCELLENT!

Buy: $70
Sold: $120
Profit: $50
Time: Less than 24hours from putting my soldiers to work

Now if I had waited just ONE MORE DAY. My cousin would have still owned the WII and would have made the sale to this guy instead of me.

End Result:

- My cousin got a Quick $70bux....COUSIN HAPPY!!!
- I made $50 profit...Duane VERY HAPPY
- New owner of WII paid $120 actual street value around $140 as it was a limited edition...New Owner VERY HAPPY

Lessons?

- DO your homework, so you can make offers with confidence

- SPEED is imperative.

- Put your soldiers to work. And they will bring you back MORE Soldiers.

- AFRAID of losing money?? Try this mind trick. ...Either YOU put your SOLDIERS to work or YOU will have to go get a part time job or something. The Choice is Yours!

- There are deals all around you. Probably in your own house. Get out into the field and start making deals

Hope Somebody will just GET STARTED and get your Chattel Report.

THANKS GORDON for introducing me and us to the world of Chattel.

Originally Posted by GordonJ

The biggest stumbling block for most people is their doubt and fear.

Start small, gain confidence and stand between a desperate seller and a hungry buyer, again, use the above to learn what is selling.

IF you have a hobby or an area of interest, daily spend a few minutes studying that market, use tools that let you search many craigslist listings...and keep at it.

Gordon Alexander

[GordonJ]

Duane,

IF you feel like it, here's some advice and then I'll tell you what I do that is different than 98% of people.

You've got 150 bux to work with. Can you try to do TWO transactions a month? First one, try to turn your 150 into 175 above expenses...in other words shoot for a 25 buck net profit.

Turn the 175 into 190.

190 into 225, 225 into 250, 250 into 300 300 to 375 and have a goal of having 600 at the end of 6 months...

At 600 and above, you should easily make 100 per transaction, so you'll end up with 1200 dollars. PROBABLY much more, but you see this is small transactions.

Imagine Duane, doing this since you came down to N. Canton. How much would you have?

See, small transactions left untouched accumulate with time.

What MOST people do is run and spend their 150 on a new cell phone or some toy or something. SMALL amounts allowed to grow, can produce big results.

NOW of course, if you can, make bigger profits, there are times up the ladder, you can DOUBLE your money or even better ... but brings up my secret weapon...

CIRCULATION.

Any week I could go to one of the auto auctions and pick up a decent looking, relatively late model car that isn't running because it might need an engine or a transmission.

I could probably get it for 1500 bux and let's say it needs a transmission...I'd have to towed and a new transmission put in, or rebuilt one...new tires, brakes, battery, oil changed and engine tuned up and all belts and hoses checked.

I'd put 2 grand into it...and say the book value has it listed at 6500 dollars.

I've got almost 3700 into it. Most guys would want to get as close to book as they could...shooting for a 2200 or better profit. NOT me.

Since I all did was buy it and have it towed...I'd put it up for 5100 OBO...way under book, but a quick turn around on my money...with a profit of 1400 dollars in a week or less.

This is close to an actual scenario...but my brother, would HOLD onto it because it in his mind...now wait for it...cause this is THE secret of chatteling...

in his mind

it is WORTH MORE.

And he would sit on (actually did in a few instances) for months until he got the right price HE wanted.

People sell stuff and tell you how much they paid and then overprice their stuff and can't sell it.


As a buyer, I could care less what you paid for it, means NOTHING related to the value of it.

I look for quick profits, even much smaller than I "could" get if I held out until I got what I PERCEIVED it was worth.

CIRCULATION beats storage every day of the year.

Duane, if you were to keep that 150 in circulation for a year, even at only two deals a month, you'd do far better than any high risk investment out there...and imagine if you did only 3 a month, you could easily double the end result.

THAT is the power of circulation.

Buy, sell for a profit, reinvest and keep your investment in circulation until you can take profits from it and still have the original investment in your pocket.

Circulate that money.

Gordon

Hi Gordon,

Thanks for the detailed response and circulation advice. Ref: the experiment not sure if you saw my previous Ebay posts a couple of years back but I was doing quite a bit of Chatteling especially via Ebay. So I AGREE and KNOW the power of CIRCULATION.

To answer your question about the experiment YES. I'd be happy to report here on Sowpub on getting to the $600 level. Should be quite easy and 2 transactions a month is MORE than doable.

I will not limit myself to having to invest my bankroll though. As I see lots of deals all around which I can "control".

Due to my own time constraints with other projects this experiment will be very Part-Time.

That being said here's an update.

A week ago I noticed somebody (Family member) on Facebook requesting if anybody had a Blackberry for sale. I asked how much he was looking to spend. He said $150. I said "SOLD" lol. Not quite how the conversation went but I now have $300 bankroll.(the original $150 + $150 Blackberry sale.)

So, While I did not utilize the original $150 for this transaction my Bank Roll has doubled.

I am in the process of Transaction #3 this week. I negotiated a deal and will be investing $200 hoping to sell for $250-$300 for a quick $50- $100 profit.

Once completed I will let you know more details.

Gordon is this reporting style what you had in mind for the experiment??
Were there some other objectives for it? Please let me know

THANKS again for your Car example. I love real life examples. I'd be very interested in hearing about any Chattel deals at the $100 profit and above, with the $600 bankroll level if you have any other than cars please let us know.

Any other Chattelers out there?
Is Anybody interested in my reporting back to Sowpub?

Just curious

Originally Posted by GordonJ

Duane,

IF you feel like it, here's some advice and then I'll tell you what I do that is different than 98% of people.

You've got 150 bux to work with. Can you try to do TWO transactions a month? First one, try to turn your 150 into 175 above expenses...in other words shoot for a 25 buck net profit.

Turn the 175 into 190.

190 into 225, 225 into 250, 250 into 300 300 to 375 and have a goal of having 600 at the end of 6 months...

At 600 and above, you should easily make 100 per transaction, so you'll end up with 1200 dollars. PROBABLY much more, but you see this is small transactions.

Imagine Duane, doing this since you came down to N. Canton. How much would you have?

See, small transactions left untouched accumulate with time.

What MOST people do is run and spend their 150 on a new cell phone or some toy or something. SMALL amounts allowed to grow, can produce big results.

NOW of course, if you can, make bigger profits, there are times up the ladder, you can DOUBLE your money or even better ... but brings up my secret weapon...

CIRCULATION.

Any week I could go to one of the auto auctions and pick up a decent looking, relatively late model car that isn't running because it might need an engine or a transmission.

I could probably get it for 1500 bux and let's say it needs a transmission...I'd have to towed and a new transmission put in, or rebuilt one...new tires, brakes, battery, oil changed and engine tuned up and all belts and hoses checked.

I'd put 2 grand into it...and say the book value has it listed at 6500 dollars.

I've got almost 3700 into it. Most guys would want to get as close to book as they could...shooting for a 2200 or better profit. NOT me.

Since I all did was buy it and have it towed...I'd put it up for 5100 OBO...way under book, but a quick turn around on my money...with a profit of 1400 dollars in a week or less.

This is close to an actual scenario...but my brother, would HOLD onto it because it in his mind...now wait for it...cause this is THE secret of chatteling...

in his mind

it is WORTH MORE.

And he would sit on (actually did in a few instances) for months until he got the right price HE wanted.

People sell stuff and tell you how much they paid and then overprice their stuff and can't sell it.


As a buyer, I could care less what you paid for it, means NOTHING related to the value of it.

I look for quick profits, even much smaller than I "could" get if I held out until I got what I PERCEIVED it was worth.

CIRCULATION beats storage every day of the year.

Duane, if you were to keep that 150 in circulation for a year, even at only two deals a month, you'd do far better than any high risk investment out there...and imagine if you did only 3 a month, you could easily double the end result.

THAT is the power of circulation.

Buy, sell for a profit, reinvest and keep your investment in circulation until you can take profits from it and still have the original investment in your pocket.

Circulate that money.

Gordon

[GordonJ]

Originally Posted by Duane Adolph

To answer your question about the experiment YES. I'd be happy to report here on Sowpub on getting to the $600 level. Should be quite easy and 2 transactions a month is MORE than doable.

I will not limit myself to having to invest my bankroll though. As I see lots of deals all around which I can "control".

Due to my own time constraints with other projects this experiment will be very Part-Time.

That being said here's an update.

A week ago I noticed somebody (Family member) on Facebook requesting if anybody had a Blackberry for sale. I asked how much he was looking to spend. He said $150. I said "SOLD" lol. Not quite how the conversation went but I now have $300 bankroll.(the original $150 + $150 Blackberry sale.)

So, While I did not utilize the original $150 for this transaction my Bank Roll has doubled.

I am in the process of Transaction #3 this week. I negotiated a deal and will be investing $200 hoping to sell for $250-$300 for a quick $50- $100 profit.

Once completed I will let you know more details.

Gordon is this reporting style what you had in mind for the experiment??

THIS IS GREAT DUANE, I'LL BE DOING IT TOO VERY SOON. JUST WANT TO SHOW WHAT CAN BE DONE ON A VERY PART-TIME BASIS, TO DEMONSTRATE WHAT DEAL MAKING LOOKS LIKE.

THANKS AGAIN FOR SHARING.

THANKS again for your Car example. I love real life examples. I'd be very interested in hearing about any Chattel deals at the $100 profit and above, with the $600 bankroll level if you have any other than cars please let us know.

Any other Chattelers out there?
Is Anybody interested in my reporting back to Sowpub?

Just curious

Also, MAY be getting ready to publish an offline monthly chattel report...checking on printers today, may expand my ON DEMAND printing with a series of reports and custom made newsletters.

Again Duane, thanks for sharing

gja