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Secondary Market Overview |
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There are so many choices when considering selling your items on the secondary retail market. Several options are available which range from using Professional Services to the Do It Yourself options. Each one of these have pros and cons and you should consider them very carefully. Some other key issues to consider also is the type of items you are selling and the intended buyer. You don’t want to waste time on thrift items at an auction and don’t want auction quality items at a garage sale. |
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Professional Service |
Charitable
|
Thrift Store |
Auction |
Consignment |
Estate
|
|
Make Money |
Donation |
Donation |
Yes |
Yes |
Yes |
|
Immediate Payment |
NA |
NA |
No |
No |
No |
|
Network of Buyers |
NA |
NA |
Yes |
Yes |
Yes |
|
Overhead Expenses Paid |
Free |
Free |
Yes |
Yes |
Yes |
|
Fees / Commission |
No |
No |
% Sale Price |
% Sale Price |
% Sale Price |
|
Personal
Information |
NA |
NA |
Yes |
Yes |
Yes |
|
Location |
Service |
Service |
Service |
Service |
Service |
|
Advertise |
NA |
NA |
Yes |
Yes |
Yes |
|
Research |
Value |
Value |
Yes |
Yes |
Yes |
|
Hauling to Location |
Yes |
Yes |
Maybe |
Maybe |
Maybe |
|
Setup |
NA |
NA |
Yes |
Yes |
Yes |
|
Record Keeping |
Yes |
Yes |
Yes |
Yes |
Yes |
|
Price Negotiation |
NA |
NA |
Yes |
Yes |
Yes |
|
Contact |
NA |
NA |
Yes |
Yes |
Yes |
|
Delivery / Shipping |
NA |
NA |
Maybe |
Maybe |
Maybe |
|
Cleanup |
NA |
NA |
Yes |
Yes |
Yes |
|
Best Price |
NA |
NA |
Bid War |
Yes |
Maybe |
|
Move Quickly |
Yes |
Yes |
Yes |
After a time |
After a time |
 - PROs and/or
the service does the work
 - CONs |
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Do It Yourself |
Give
Away |
Sale |
Community
|
Post |
Want Ads |
Garage
/ |
Self
Run |
Ecommerce |
|
Make Money |
No |
Yes |
Yes |
Yes |
Yes |
Yes |
Yes |
Yes |
|
Immediate Payment |
NA |
Yes |
Yes |
Yes |
Yes |
Yes |
Yes |
Yes |
|
Network of Buyers |
NA |
NA |
No |
No |
No |
No |
No |
Maybe |
|
Overhead Expenses Paid |
Free |
Free |
Maybe |
Yes |
Yes |
Yes |
Yes |
Yes |
|
Fees / Commission |
No |
No |
No |
No |
No |
No |
No |
On-line and Credit Card |
|
Personal
Information |
No |
No |
No |
No |
No |
No |
No |
Depending On Policy |
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Location |
Your Location |
Your Location |
Your Location |
Your Location |
Your Location |
Your Location |
Your Location |
Web |
|
Advertise |
NA |
NA |
Yes |
Yes |
Yes |
Yes |
Yes |
NA |
|
Research |
NA |
Yes |
Yes |
Yes |
Yes |
Yes |
Yes |
Yes |
|
Hauling to Location |
NA |
No |
No |
No |
No |
No |
No |
No |
|
Setup |
NA |
NA |
Yes |
Yes |
Yes |
Yes |
Yes |
Yes |
|
Record Keeping |
NA |
Yes |
Yes |
Yes |
Yes |
Yes |
Yes |
Yes |
|
Price Negotiation |
NA |
Yes |
Yes |
Yes |
Yes |
Yes |
Yes |
Yes |
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Contact |
NA |
Yes |
Yes |
Yes |
Yes |
Yes |
Yes |
Yes |
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Delivery / Shipping |
Maybe |
Maybe |
Maybe |
Maybe |
Maybe |
Maybe |
Maybe |
Yes |
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Cleanup |
NA |
Maybe |
Take Down |
Take Down |
Cancel |
Yes |
Yes |
NA |
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Best Price |
For the Other Person |
Maybe |
Maybe |
Maybe |
Maybe |
Maybe |
Maybe |
Depending on Strategy |
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Move Quickly |
Yes |
Maybe |
Maybe |
Maybe |
Maybe |
Yes |
Yes |
Depending on Strategy |
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- PROs
- CONs and/or you do the work
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