Starting An Antiques And Collectibles E-Biz - How To Find Buy And Market Antiques Online
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Launching an Online Antiques and Collectibles Business: A Comprehensive Guide
Antiques and collectibles have become a thriving industry on platforms like eBay, with the collectibles category alone achieving over $2 billion in gross merchandise value in just the second quarter of last year. The surge in eCommerce has revolutionized this market, allowing sellers to reach a global audience and buyers to discover unique items from around the world.
Exploring the Online Antiques Market
Buying and selling antiques online mirrors the traditional store experience?"people still seek detailed information and answers to their questions. According to Pam Wiggins from ChicAntiques.com, there are numerous resources for newcomers eager to dive into the antiques business:
- Use the Internet: Explore websites such as Antiques.About.com for valuable insights.
- Read Books: Dive into literature focused on antiques and collectibles.
- Join Online Collecting Groups: Engage with experienced collectors who can offer invaluable advice.
- Attend Shows: Visit antique shows, ask questions, and expand your knowledge on intriguing items.
Wiggins emphasizes the importance of specializing in a niche. Instead of attempting to master a broad category like dolls or glass, focus on a specific type such as depression glass or carnival glass. This approach builds confidence and expertise.
Buying and Selling Tips for Success
Developing expertise in a niche allows you to identify bargains and estimate values across various markets. Here are some strategies to consider:
- Negotiating Prices: Don’t hesitate to ask for discounts. It's a common and accepted practice in the antiques business, especially if sellers know you're buying to resell.
- Setting Auction Prices: While reserves can be tricky, starting bids low may attract interest if you’re confident in a piece’s potential. However, for items you've heavily invested in, begin with your desired price, always considering market trends by reviewing completed listings.
- Quality Photos and Descriptions: Providing high-quality images and comprehensive descriptions is crucial. Include multiple views and highlight any authentication marks. Detail the item’s age, quality, condition, and any flaws that might impact its value.
- Appraisals: For extremely rare or valuable items, consider an appraisal. However, items under $1,000 often don't justify the expense of a formal appraisal. Alternatively, use services like WhatsItWorthToYou.com, which, for $9.95, offers a value assessment and answers to your queries.
Starting an antique and collectibles e-business offers exciting opportunities, and with the right knowledge and strategy, you can successfully navigate this vibrant market.
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