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June 8, 2023 7:20 am
Toys in the reselling world is an emerging category, and if you get in on this trend early enough, you could be seeing a big profit. Acquiring them can be pretty easy and inexpensive if you know where to look — so you could be turning a profit on every sale. All it takes is a little ingenuity and research.
Check out our tips on how to make fast profit from this category.
Tips on how to sell liquidated toys for profit
1. Plan ahead
If buying a pallet full of the most popular toys and reselling them at a profit sounds like a good idea, it’s important to start planning sooner rather than later. In-demand toys can quickly sell out around commercial events time.
It’s helpful to mark your calendars to keep track of holidays and start sourcing early. Depending on the toy and how in-demand it is, liquidated toys stock may sell out in a matter of minutes.
2. Be informed
When making your purchases, your key objective is to identify popular items that can be resold at a higher price than you paid for them. The goal is to maximize your profit margin when reselling toys for the holidays. Reselling toys can be very profitable if you do your research and find out which are the toys that are popular. You can find that out online or by talking to parents and kids.
3. Price your toys well
When pricing used toys for resale, you want to find a supplier that offers you a good deal, so you can add your mark-up and still be able to sell the toys for less than its retail price. That will allow you to make profit instantly. But this can depend on the toy’s condition and whether it’s a rare item. In the case of items that are popular and no longer on the market, you could likely charge much more than the toy’s original price.
4. Choose your selling venue
If you plan to resell toys, it’s important to give some thought as to where you want to sell them. At the holidays or any other time, it may be worth selling in a physical store where customers can pop in a buy last minute gifts for their kids. Any other time, selling online can be straightforward and convenient. You can easily sell them on Facebook Marketplace, local Facebook groups, E-bay or even Amazon.
5. Sell at key moments
Selling toys can happen around a multitude of events – from public ones like holidays to private occasions like birthdays. Make sure to keep yourself informed in your area and community, so you don’t miss any selling occasions when the search for children’s gifts is peaking. This will ensure a steady stock rotation and profit.
If you decide to try your hand at reselling toys during the holiday season or any other time of year, keep in mind that your initial efforts may put a few extra dollars in your pocket, but in order to generate a big enough income stream to replace your primary source of income you need to start with an initial investment. In time, this will help you to turn toy resales into a successful small business.
ARLL is here to help you choose the right toys inventory and navigate your new business, so you can start making profit quickly. Check out all our offers here.