A lot of things can happen when you’re preparing for a cross-country move. A year ago, I moved from Oregon to Georgia with my wife, 4 kids, a one-eyed pug, and everything that could fit into our minivan. Prior to doing so, I had to make a bunch of tough decisions. I kept the van, but had to get rid of my car. Time was running out and I wasn’t able to sell my car. I had recently begun trading after watching the TV show Barter Kings. Long story short, I traded my car for a beautiful wedding ring for my wife, cash, and a 2-hour drive back to my house from the people who bought my car.
I began trading even more because I enjoyed the hunt. I bought a massive autograph collection from a student at the University of Oregon. I stuffed them (nicely) into my van and once we arrived in Georgia, guess what we needed?
I got on Craigslist and began to trade the autographs for coffee tables, trunks, a TV, and other things we needed. Then it hit me: I can make money doing this. I had bought the autographs for what turned out to be $13 each. These were signed and framed autographs of Michael Jordan, Mickey Mantle, Larry Bird, and more just like them. So, I started selling on Ebay and used a little bit of money in my savings to buy things that would sell. I searched Ebay, Craigslist, yard sales, and thrift shops. After a couple months of buyings and selling, I found my niche.
Now, I still buy other items here and there, but of the 1,000+ items currently available in my store, the majority are clothes. The premise is simple: buy low and sell lower than the rest.
I have not only found something that I love, I’ve also found a way to earn a living doing so and provide for my family. My dad, wife, and kids all help me buy things when they are free and it’s turned into a great family business. A few months ago, I bought the domain name http://www.NameBrandThrift.com and it has helped grow the store even more.
This little business has turned into a solvent company that I’m proud to own and run. It provides a great service, allowing people to buy name brand clothes for way less than the stores. Many of the clothes I sell are new with tags (about 20%) and this business creates a trickle down effect to other sectors of the economy. I spend an average of $800 a month in shipping, spend an undisclosed amount at thrift shops & yard sales, and purchase shipping materials from other businesses.
Who would have thought that thrifting could turn into a profession and that it could contribute so much to the economy? I literally ship worldwide and have found more fulfillment with Name Brand Thrift than I ever have before. Small businesses can still be started and succeed. But, in order to be successful, you’ll need to do two things: find what you love and work harder than the rest.