Business At A Glance
Startup Costs: $10,000 – $50,000
Home Based: Can be operated from home.
Part Time: Can be operated part-time.
Online Operation? No
A tidy profit can be earned by selling usedappliances, such as refrigerators, stoves, washers, and dryers, rightfrom a homebased location. Get started by building a resource libraryin terms of appliance models, manufacturers, and retail selling priceswhen new.
This type of resource library will prove invaluable whenbuying secondhand appliances for resale purposes. To secure a initialinventory of used appliances to sell, begin by attending auction sales,garage and estate sales, and scanning your local classified newspaperads for good used appliances at bargain basement prices.
Your targetmarket for resale will include people on a budget, owners of secondaryhomes, and owners of residential rental and apartment properties. Somebasic knowledge of home appliance repair will come in handy, as well asa good, heavy-duty moving dolly and a pickup truck or utility trailer.Aim to maintain a 50 percent markup on all appliances sold and togenerate gross annual sales of $50,000 and this simple part-timehomebased business will produce gross profits of $15,000 per year.