2,500%+ PROFIT -
YOU MUST BE JOKING!
You
will read many 'schemes' for turning rubbish into money
and
sadly, most of them are unworkable. But,
here is such a
business
that is completely workable - indeed, it's already a
successful
business. And, what's more it has not
been
published
before and it is just waiting to be exploited in
all
areas!
You
will often have seen upholstery retailers offering to
take
upholstery in part exchange for new - for example '$100
allowance
for your old 3 piece'. You might also
have
wondered
just what happens to this part exchange upholstery -
the
shops don't sell and it is often too good to tip. Well,
the
simple answer is that it is sold through the trade,
refurbished
and resold as top quality secondhand furniture!
When
you consider a good quality dralon suite might sell for
$1,000
- there's sure to be lots of buyers for a good quality
reconditioned
one at $3-400! The cheaper refurbished
suites
sell
to poorer people - and the better quality ones enjoy
lots
of demand at the top end of the scale.
It's not
everybody
who wants - or needs a brand new suite.
Especially
those
with pets or children!
Anyone
can easily start a business (part time if you like),
buying
these suites for a few pounds, cleaning them up and
selling
for 100's of times what they cost you.
You work from
home. what's more this is not a fanciful 'plan' -
several
people
are already making big profits just doing this.
But,
this
scheme is new in concept and there is still plenty of
opportunity
for new business to cash in. Surely it
must be
one
of the few remaining opportunities to buy a valuable
product
for next to nothing!
FINDING
SUPPLIES
You
will need a little capital to buy your first suite for
refurbishment
- $10 should do it easily if you know where to
look. You can then sell this and use the profits to
re-invest
in your business - maybe even start your own
furniture
showroom with time!
It
is possible to go direct to the larger upholstery
retailers
and ask if they sell off part-exchange furniture.
Make
it clear you are a trader or they may pretend not to be
interested. Usually though they will be keen to dispose
of
this
furniture and you can offer to pay a little over the
odds
and still make big profits. They take
part exchanges
not
because they want to - but as a sales gimmick and usually
you
will be doing them a service by removing unwanted
exchange
items.
If
you cannot buy direct from a retailer you will have to try
an
auction. There will be many auctions of
'household
effects'
in your area and you will need to make a habit of
visiting
some. Rarely will they all sell 3 piece
suites
exclusively
- but you will soon find the ones which tend to
attract
most of this type of furniture. take
some time to
learn
how the auction works and you will not find it hard to
snap
up a bargain.
However
you buy your stock it is not possible to identify the
most
profitable items. Concentrate entirely
on 3 piece
suites
since these are most readily saleable.
Don't buy odd
chairs
which will be difficult to sell. Don't
consider badly
torn
or damaged upholstery. But, you should
consider
anything
that is just dirty - no matter how badly soiled it
is. Or, anything with a few minor faults e.g.
castors and
buttons
missing. Look particularly at dralon
suites as these
are
the very easiest to handle and the dirtier they are the
more
profit you will get!
You
will be able to pick up some good stock from as little as
$3-4
(realistically!) for a full suite. But,
you should be
prepared
to pay up to $30 (if you have the money) and still
be
confident of making a big profit.
If
you are successfully in bidding for a suite the auction
rooms
will usually keep it for a while until you can arrange
transport. If you don't have suitable transport hire a
large
van
(e.g. a Transit or Luton type van).
These can often be
hired
by the hour for self-drive (a little more with driver)
from
as little as $4-5 per trip. Once you get
the suite home
you
will need somewhere to store it. A spare
bedroom is
fine,
but a garage or garden shed will do.
Cover the suite
to
protect it and provide some heat if the weather is cold
and
damp.
Once
you have purchased a suite it must be refurbished as
soon
as possible for maximum profit. But, an
average suite
should
not take more than 2 or 3 evenings work to bring to
easily
saleable standard.
THE
REFURBISHING PROCESS
Refurbishing
an ordinary suite is not a difficult process and
a
good quality job can be effected by the average DIY person.
Do
not employ professional upholsterers since this will cut
into
your profit and they may catch onto the idea themselves!
The
first step should be to repair any actual, physical
damage
to the suite. This can come in many
forms but even
severe
damage can often be restored to near new condition.
Obtain
an upholstery repair book if you are particularly
interested
in this.
A
common problem is that buttons come adrift on buttoned
suites. These can be easily repaired and most are
secured by
a
piece of thick cotton to the back of the furniture. Repair
or
replace cushion zips where necessary.
Sometimes fringes
or
rouches fall from older suites and these can be restitched
or
glued or removed completely. You will
find it handy to
build
up a small stock of upholsterers supplies and tools.
Whilst
major tears cannot be repaired it is possible to use
discreet
patches in some circumstances. Matching
material
can
be obtained from underneath cushions.
The material taken
from
here can be replaced with the linen type material which
is
usually found on the underside of suites.
Obviously, any
repairs
of this type will have to be very carefully done if
you
want to get a good price for the finished product.
Where
cushions or upholstered sections sag or bulge simply
add
or remove stuffing to suit. Avoid
over-stuffing which is
a
common fault and makes the furniture very uncomfortable!
The
majority of suites taken in part exchange are not
seriously
defective and it will not be hard to achieve a good
job. Many repairs will be undetectable - and even
if they
are
noticeable the customer will often not mind due to the
bargain
selling price of the finished suite.
When
the suite is physically repaired it must be very
thoroughly
cleaned. The best way to do this is to
steam
clean
it. Steam cleaning machines and all the
necessary
chemicals
can be hired from local shops. Or, you
would soon
find
it worthwhile to buy a machine. Good
used steam
cleaners
are available from $100 up.
It
is easy to obtain an excellent result with steam cleaning.
Many
different types of upholstery, especially dralon and
other
synthetics, will clean up like new fabric!
In most
cases
you will find the armchairs dirtier than the sofa, so
clean
accordingly. Apart from obtaining a good
appearance
use
plenty of special cleaning perfumes and deodorants on the
suite. A clean, fresh smell is all important in
selling.
Customers
often do not mind buying upholstery which is not in
the
best physical condition, but dirty - or smelly -
furniture
will not sell well, even to the person with very
little
to spend.
Be
sure to allow the suite plenty of time to dry out.
Finally,
replace any missing castors or legs and cover the
suite
with a clear protective sheeting to give a factory
fresh
look!
SELLING
When
you are sure the suite is in a saleable condition you
can
proceed to selling it. You will need to
decide on a
selling
price first. This will usually be much
higher than
you
think. Compare with the value of similar
quality new
upholstery
and similar upholstery being sold by private
individuals. Remember that your suites can sell for more
than
this due to the fact that they are fully refurbished.
Some
traders would set the suite up in their own living room
and
sell as if a private sale. This means
the suite should
sell
fast and for a high price as a 'one careful owner' piece
of
furniture. Really though, this is less
than honest, and
you
are better declaring yourself as a trader.
In keeping
with
this theme keep usual trading records.
Your
furniture can be inexpensively sold using classified
advertisements
in newspapers. Another good way is by
placing
cards
in shop windows. If you do this then
enclosing a
photograph
should attract more attention. Be sure
to give
full
description of your suites, e.g. colour, material,
style,
etc. You do not have to quote a price,
but if you do
put
'o.n.o.' (or near offer). This always
attracts more
attention,
and you can put your price up a bit to allow for
this! A mid-range suite might sell fast at $120-250. Not
bad
for something that cost only a tenth or twentieth of that
price
- even allowing for costs of refurbishment and
advertising!
If
you can deliver suites once sold this will get you much
more
business - and you can easily deliver one suite when
going
to buy the next one!
EVER
INCREASING BUSINESS
By
far the best way to start is to buy just one 3 piece suite
and
refurbish and sell it at home. Your
costs are little and
your
profit can be several thousand percent.
But, there is
easy
potential to develop your venture into a very big, maybe
even
full time venture.
You
can expand from home as long as you have the space,
taking
into stock as many suites as you have room for.
Or,
you
can take on small workshop or shop premises.
Apart from
the
extra space you can also display suites and this will
generate
much more business. This can still be
done part
time
by employing an assistant on commission.
A
good alternative is to get second hand goods shops to stock
your
suites. Provide them with one or two and
pay them a
commission
once they are sold. The low purchase
price of the
part
exchange suites mean very little cash is tied up in
stock. You could build up a network of agents
throughout
your
region. If each of 20 agents sold one or
two suites per
week
you could build up a very high turnover - at a vast
profit
margin!
Whilst
many suites will be sold to those who cannot afford
new,
there is also good scope for selling high quality
upholstery. Some of this is hand made 'work of art' and
is
quite
desirable and sought after. You can even
specialise in
this
'quality end' of the market - not that the cheaper end
is
any less lucrative!
Whatever
part of the market you decide to exploit, you can be
sure
of a plentiful supply of upholstery at bargain prices -
and
customers at high prices. And, can start
safe in the
knowledge
that you will be one of the first to start in this
new
venture. As furniture gets more and more
expensive it's
sure
to boom every more - and starting now will mean you can
be
ready to cash in!
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