Chattel chatter, anyone?

Hi All,
It's been a while since I was here but wanted to connect with anyone here chatteling. Purchased the guide and following it religiously with very little success.

Did sell a few things by consigning them to an auction house in my area but have lost more money at bids stalling at $5 and have had no success on Craigslist. eBay with it's constantly changing (and rising) fees has scared me off trying to sell anything there.

It may have to do with what I'm buying. If I follow my interests, then it's ceramic or porcelain collectibles, especially teapots. To be fair, my budget is limited to $100 or less to purchase items. Now I'm finding that I'm holding items for 2-3 weeks or longer.

Any suggestions on what I'm doing wrong would be most helpful.

I have to plead guilty to (once again) buying the book, finding reasons why I couldn't/can't do it, and looking for another miracle.

Hell I stopped in today looking for more info on our dearly departed friend Boz's headlamp biz in a box. Just symptomatic of my life, but that's not what this thread is for ...

For me, I became frustrated looking for anything that )1 I knew enough about to be comfortable with 2) that has a hungry market 3) has enough profit potential to make it worthwhile.

Paralysis by analysis ...

Others here actually DO things instead of just reading about them. I am sure they may jump in...

In the meantime ... Post about your experience. Is there interest in your target product on craigslist or similar outlets? How much money are you tying up in product?

Gordon preaches - paraphrasing here - quick turnaround. Don't sit on the product waiting for top dollar. Sell for a profit and buy something else ...

Are you 'holding out' on lower offers looking for a big score?

What is the price point you are hitting with what you are selling?

Are you specializing in a particular 'kind' of item?

Just reread your post? Are you dabbling in the ceramics? If you are in collectibles, is it possible you are buying less desirable pieces because of your limited budget?

From my armchair (is. I have zero credibility), I am thinking it is a mistake to pick a niche because you like it ... Unless this is a hobby. If you want to make money, you have to find a niche were there is demand and spending AND you can afford to get into the game.

[Dien Rice]

Originally Posted by Georjina

It may have to do with what I'm buying. If I follow my interests, then it's ceramic or porcelain collectibles, especially teapots. To be fair, my budget is limited to $100 or less to purchase items. Now I'm finding that I'm holding items for 2-3 weeks or longer.

Any suggestions on what I'm doing wrong would be most helpful.

Hi Georjina,

Gordon recommends buying and selling everyday stuff, and staying away from collectibles and antiques. That could be why you are holding your items for 2-3 weeks and more.

A budget of $100 shouldn't be a problem, because you can grow that over time, as Gordon Alexander explains in "The Chattel Report: 12 Weeks To Freedom."

Think about the "Parade of Life," as Gordon puts it. There are certain stages of life when people buy certain things, and other stages when they sell those same things. For example, when they have a new baby, parents buy a stroller. A few years later, when the kid gets older, they'll sell it. At the same time, another couple will be looking for a stroller for their new baby. You can make a profit between those two transactions - the first couple selling the stroller, and the second couple buying it.

TV shows like "American Pickers" are very popular, but the reality is they could hold those antiques for months (or more) before they can sell them at a good price. That's the drawback of dealing with antiques and collectibles compared to everyday stuff.

Best wishes,

Dien

I have a 1982 Porsche w/only 44K miles I am willing to chattel to anyone who wants it. Needs a water pump btw.

Here's to chatteling.

Tom

Hi Sandalwood,
LindaC here.

Just a few questions for you concerning the vehicle
you have for sale.

Is this a gas or diesel vehicle?
Location of vehicle?
Do you have a clear title for the vehicle?
Last year vehicle was tagged/inspected?
Can you provide pictures of the vehicle?
Asking price?

My Best 2 U,
LindaC

Originally Posted by LindaC

Hi Sandalwood,
LindaC here.

Just a few questions for you concerning the vehicle
you have for sale.

Is this a gas or diesel vehicle?

It is a 1982 Porsche 924s w/44000 miles and runs on gas

Location of vehicle?

Reno NV

Do you have a clear title for the vehicle?

yes

Last year vehicle was tagged/inspected?

This year. expired in March


Can you provide pictures of the vehicle?

yes


Asking price?

3400 or best offer. it books high


Tom
My Best 2 U,
LindaC

I was wrong about it needing a water pump. It does not. In fact, it needs cleaning - the mechanic told me but I can't remember the system that needs the cleaning - but it runs like a champ. I'm thinking about keeping it and hot rodding around Hot August Nights (our classic car show here in Reno) with a big for sale sign.

In the meantime, it is available to anyone who likes or wants a Porsche car and you don't have to Middle Age Crazy to buy it.