- April 9, 2017
- Posted by: webmaster
- Category: News
Discover the pros and cons of buying and selling vintage goods and antiques on Etsy for additional income! Get all important information you need here!
For some people, the concept of buying vintage goods online and trying to resell them later is attractive and profitable. The idea behind this, is some situations is the real interest in antiques and vintage goods and the desire to establish a business in this area, however, in some situations is it the attempt to generate an additional income.
Additional Reading: Selling accessories on etsy: top 5 tips to use
Let’s take a look at the advantages and disadvantages of buying and selling vintage items and antiques on Etsy:
- It Looks Simple & Easy – The truth is that this is an attractive option. All you have to do is to go to a second-hand shop, buy some really old items, fix them a little, and sell them on Etsy for a vast profit.
- Competition – You need to keep in mind the huge competition on Etsy. After all, this idea of selling vintage goods on Etsy it is not a revolutionary one. For that reason, you need to find as unique items as possible, you can’t allow yourself to sell junk. Find a few decent antiques and ensure the competition for them is fierce. If the competition gets out of control, it will be hard for you to keep control of the customers, and it may affect negatively on your sale as well.
- Taxation – If you sold your antiques and you’ve managed to make a profit at the same time, expect to get hefty tax bills soon. These bills can affect your profit, so make sure to have all calculations and costs before you put a price on your vintage item. Do your calculations, and then start selling antiques on Etsy.
- Shipping – Besides taxes, you need to consider the shipping as well. The cost of packing, insurance, and shipping can pass on to your buyer, but make sure the calculations are right as you don’t want your item to be more expensive than in the local stores. Your customers won’t appreciate it.
Now that you are familiar with these facts, you can decide whether or not you want to continue with your plan. Our advice is to follow your dream. It is worth going for what you want! Good luck!