When it comes to choosing a wise investment the options seem endless. Each, however, comes with its own risk and investment of time and money. It may seem confusing to choose what to purchase for a good return, so I put together these easy steps so you can choose investments with the lowest risk and highest potential.
Let’s dive in!
#1: Selling Different Types of Gold
For thousands of years, gold has maintained its value and the price continues to climb. In fact, gold is one of the only commodities whose value increases when there are economic crises. There are so many ways to sell gold from items you have to carefully curated finds and investment choices. Here are a few ways you can make some great money.
Sell Gold Bars
Whether you have purchased bullion or inherited them from family knowing how to sell gold bars is critical. Choosing a reputable and safe seller such as the London Gold Centre will ensure that your gold is being weighed by the highest standards and priced accordingly. All prices for gold per gram should be clearly listed daily. Unfortunately, there are scammers out there who may try to buy for a lower price to turn more profit. Always do your research and make sure your gold centre can be trusted.
They should employ XRF testing for gold testing and a tested scale for complete accuracy. Then do your due diligence and get a price to compare to make sure you are getting the best price when you sell gold bars.
#2: Estate Sales
Estate sales are great places to find merchandise you can turn for a profit. The best way to start this process is by first doing your research. It is very easy to buy a lot of junk for high prices thinking they will resell when in fact they won’t. To avoid costly mistakes check out people who go to garage and estate sales for a living. They know what to look for, how to resell, and what margins you need to make money.
Here are a few steps to start your process:
- Buy what you know – if you know a bit about coins, art, or clothing it will be easier to buy and sell
- Do your math – if you resell your items for too low of a margin you won’t have any profit
- Choose where and how you want to sell your items
When it comes to choosing the right platform consider the following:
For gold and other jewellery only sell to a trusted gold dealer who can buy gold coin collections, gold bars, diamonds and more.
For other items such as antiques or homemade items consider eBay and Etsy
#3: Selling Clothes and Beauty Products
The next category of items you can resell can be found in your own closet and vanity. The top-selling items you can sell for a great profit on items you already own. You can also source them from second-hand stores or discount locations. eBay is a great place to sell clothing as is ThreadUp.
Get started easily today!