Insane Flea Market Deal...What Would You Do?
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- เผยแพร่เมื่อ 29 ธ.ค. 2024
- We have been going to our local flea market for the last few months and we have found great items each and every time, but this deal is the craziest one we've stumbled upon.
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Go for it......I like the idea of dabbling with "$2000" worth of knives first and going back for the rest of it proves to be lucrative. Good Luck!
I agree, a smaller trial run. Knives are likely a long tail sale item.
I agree Rebecca.
Pass. A knife enthusiast can’t even get rid of them. I’m a risk taker but this is slow moving stuff.
Josh, Ive been a knife dealer for years. Custom knives are hard to move. You sit on them for long periods of time. When they sell, they do sell for good money. Most people just dont want to spend $100-$400 on a knife. Me, being in the trade of selling them would not do a deal like what he offered. I could make more money on buying a load of china/ Pakistan knives for $5000 faster than I could buying $15000 worth of custom knives that I will have to sit on for the next 2-5 years. Its all relative to your market, you do have a great online presence but as soon as you move about 100 of them you will have flooded your specific market on your custom knives buy , to where china knives always sell. Everybody always has $5-10 they can let go of and guys like to buy knives and lady's like to buy them too. Be careful. Im not saying you wont make money, you might. I have not seen his stiff and there are some people out there that will buy their knives from Alibaba and put there own stamp on them and pass them off as custom made. Good luck my ginger brother. God Bless.
Yeah I'm A little hesitant on the handmade ones, but he had some really nice branded ones as well (buck, Ontario, etc). I think if he is willing to do a smaller deal on like 50-100 of the branded ones, that would he the most profitable and easy to manage way to go about it.
@@HairyTornado I think your on the right track.
@@HairyTornado Pass on the knives. Buy the ones that interest you and sell those, Knives are not fast movers and you are in the business of selling not stocking inventory. leave that to the big box stores.
Maybe put a $100 or $200 on it and see if you can sell them. Even show them on your TH-cam channel for extra publicity.
-Make your money back and then buy some more.
-Too many Pakistan, India, and China $10 knives out there and Amazon also.
I agree, as soon as I herd custom, I was meh. Research top selling brands/prices and time to go cherry pickin Hairy. Be upfront, a partial sale is better than no sale.
I would only do a deal that big if I was an expert on the items.
This 100%
Or if it was a deal like what Lonnie and Justin got on all the makeup and jeans. That would be the only situation where I’d drop everything I had and still possibly take out a loan to get as much as I could.
Honestly, I'd ask him if he wants to partner with you. You sell the knives on line and get a cut. This way, he sells the knives and you do not put this amount in something you are not too familiar with. Thoughts?
I agree. Then he maintains a working relationship with the seller who can hopefully have the expertise to provide details about the knives he will need in order to accurately list them.
As a avid knife collector, I think it could be a promising deal. With that being said, you may be able to sell some one knife groups say on Facebook or Reddit. Also, from my experience with the market, it seems like folding knives are the current trend. Fixed blades can be profitable but appeal to a smaller group of folks. There are some great resources to learn about which steels are better than others. Feel free to reach out if you would like to know more. I will be staying tuned to see what you decide.
Let us know what happens and record when you go to the house if you do
I'll tune in here, also if need some quick assessments - can identify era, geolocation, can provide quick tips on big NAY and Yay in the knife world (400+ knife collection here). Just to be practical, that was not damascus. 99.9% it is not real damascus as its considered "lost art" and/or maker skill so only historical damascus is real one. There is a huge market and potential in EDC (kits) for folding knifes that can range up to 500-1000$ for a solid blade. But it's as easy to purchase copycat and lose a lot of $. End use also matters of course. On the flip side, dude was not messing with you, it can take even months to make a good knife. P.s. we are on the other side of globe, doing same thing but only source at flea's in med Europe. Would be cool to collab over the globe on - something haha. Cheers.
Proceed with caution. Sometimes the best deal is no deal. If you don't feel comfortable with your knowledge about what you're doing wait for something you are feeling better about. Good example is the golf club deal that you purchased.
Since you’re not solely into selling knives, I would buy at a good wholesale price, sell the best few and sell the remainder in bulk to someone who specifically sells knives. May not make as much, but may move them faster
I love this gentleman. Salt of the earth. Full of wisdom! I’m with the person who said spend 1-2000$ and go from there. A good learning experience.
Pass! I think if he has that many knives that he ( extremely knowledgeable on all aspects of knives) hasn’t sold, it would be a nightmare for you two to take on. If it’s a market you have a passion for that’s a different story. Good luck deciding, he was a great talker. Curious to know what Hayley thinks🤔❤️
I also think you should only spend between $1000. To $2,000. To see if there is good money for you two in them. Don't go whole hog into them at $15,000. Until you know the true value of them.
Agreed, plus things go through trends, they might be hot one year then dead in the water the next.
I think he's hussling you. He's got 10 tubs of knives... that HE made? Obviously he hasn't sold them. How many were on the table that HE made? That sheath cost him $40?! Obviously he didn't make it.
And the people with all the shoes you want to buy ALL of them for what... $20 - 25 a pair?! Bath time. You aren't in the business of breaking even or just making a couple dollars. And you don't need to be in that business.
Just pick and choose the best of the best and stay safe.
Just my opinion.
Agreed.
Yeah those 2 dudes were definitely hustling. I bet the whole, "We need to get rid of everything because we're moving, we're old, etc" is their sales pitch they probably tell everyone. There is also a huge counterfeit market for knives. That's why I wouldn't touch any of this with a ten foot pole. In my opinion don't buy bulk at high prices like that unless you know the product extremely well. The longer the products would have to sit in inventory the higher the profit margin would have to go, 100-500%. Like you said, 10 tubs of knives that he hasn't sold yet. Yup, major red flags!
I agree. Dude is trying to hustle you. Never invest so much money in something you don’t know enough about. Not a risk for you to buy that golf club haul (you understand golf), but way too risky with the knives.
@@TreasuredStorytime knowledge decreases risk. Agree 100%. This guy seems totally open to him going through his collection and picking the best sellers too. I’d go that route.
He did say he would buy, buy and buy knives.. so not all he made. I had to go back to the conversation.
My husband I just did something similar. We bought a train collection from a lady. They were her late husbands. We paid her a lump sum and took them all. That was the only way I was willing to do it. I didn’t want to get caught up in haggling over prices of individual trains. We took pictures of them all and my husband spent a lot of hours researching them all to figure out what they were worth. (He is an avid train enthusiast). He then took a percentage of that and offered that amount to her. She accepted and now we have a bunch of boxes of trains. We have not listed any yet but hope to very soon to start making back the money we spent. Good luck. I’m sure you will make the right decision for you and your wife.
There's some good advice in the comments.
Personally, I would pass because (a) it's a product line I don't know or understand, and, (b) my $15k could make a heckuva lot more in lines I DO know/understand. YMMV
Hailey, I love that you support your husband. Just an FYI: one thing you might consider is to investigate brands, names and find out those items related to what you guys sell. You’ll be amazed at the knowledge & learn how much it does help with what you do. I love seeing your excitement & know you desire to be a participant in your business. I love you guys. Keep up the great work:):):)
I would say that if you know its guaranteed to give you over 100% profit, it isnt a gamble. However if spending the $15K is going to place you into debt or limit your everyday spending on resale items then you need to think long and hard. If you are still going to be able to maintain a similar spending power then go for it xxx
Agree with you on the debt part 100%. Nice video Tornadoes.
I am about to begin selling on EBay and I really enjoy watching your videos. I feel like I am learning something each time I watch. Oh, and I am so glad to see your sweet wife, Haley has joined you. You guys are great!
'Vintage' Power Ranger--Argh, you slay me!! A day goes by one at a time then suddenly it's 20 years?! :' O ...lol.
bandai no longer makes power ranger toys in the U.S.A., hasbro makes them now. plus that power ranger toy was not good even at $5.
Sounds like he was a really good salesperson. I learned the hard way always always take the time to look up comps it's called money and if you value your money you need to look up your comps. It's unfortunate we can't always trust the vendors that we work with...
be careful on what states you allow the sales in. Here in Massachusetts, we have some strict laws concerning knives. I remember trying to buy a small knife online as a gift and Amazon, even though the size was legal, wouldn't sell it to someone in Massachusetts.
Hi just started watching your channel and I'm hooked ❤️ where can I get a scanner like the one you have on your phone?
Wow! I had the turtle van when I was a kid! That put a smile on my face seeing that again. I would keep that for myself.
I’m getting bad vibes about the knife deal Josh ,I think that dude was a real wheeler dealer who was blowing smoke ,stick to the shoes where you know your profit margins ,keep sweet talking the shoe lady she might be willing to do a deal soon ,best wishes for whatever you decide .
My 2 cents? You were absolutely right when you said "This man here knows how to sell at the flea market!". I don't believe he made a bunch of knives, I think he's a good salesman, and for that reason I would personally not trust him to do business. 🤷♀️
Agreed!
I was thinking the same, since the other guy pretty much also lied saying he was “pretty much giving them away” (the toy guns) I feel like they’re all really good salesman but I wouldn’t trust them.
if you can't see through BS and let that put you off, you'll miss out on good deals.
With regards to vintage toys like tmnt one thing I have learned... accessories. That's your money maker. Tmnt. Heman etc the accessories a lot of times are worth more then the figure. Today I found the 1990 tmnt technodrome. It's missing the main circular pieces but it has weapons, doors, etc. Bought the whole thing for 3 bucks, one gun is worth 20. Accessories....
Knives have and still are good sellers….The key of course is quality and also name brand,such as case or marbles.Custom made knives are also a very good in most cases,the provenance and condition is key to any knife that you might purchase..There are plenty of online resources that you can check for value and collectibility….A day at a knife show is worth the education and networking possibilities for this highly collected commodity…Remember,knives like anything else are extremely “FAKED” especially the ones from China,do your homework….Keep on pickin you 2 are doing well…God bless
Fastly becoming addicted to your Channel. Been benge watching for the past three evenings-late nights.
If you don't mind me asking, what kind of light is that you are using behind you in your office in the background
you really deserve more followers, love your content man!
No on the knifes
And you should have picked up the Ronald McDonald doll....
Love watching you and Haley good luck with your decision..
Josh make sure you add ref/orange end caps on barrel of toy guns. I use foam ear plugs and working so far.
I was about to post a comment about this. eBay pulled a vintage cap gun listing I had a couple years ago and called me to tell because it needed the orange end cap, which I didn't have. The guy was strict and no BS. No excuses were accepted even when I mentioned the other cap guns on sale without orange end caps. Good tip with the foam ear plugs!
Love to see all your videos I feel I’m shopping with you guys 😍🙂
I like the green background. Nice video. Lots of thoughts yo go into such a huge business decision.
What a great area when you got to the knife section. I can really appreciate that.
It would be great if you could just grab one tub to see how it goes before taking the big dive.
Someone I know had to sell her husband's knife collection. She said they sold fast and for decent money, but it was a royal pain researching comps and trying to figure out the maker, blade style, tang length, handle & blade material, etc. Did you know that there are even different names for the point? i.e. drop point, clip point, trailing point, gut hook, American tanto. And Ebay also wants to know the type (hunting, everyday carry, Bowie, survival, combat, boot, throwing, etc.) Personally, I'd pass on anything homemade and require the seller to label each of the other knives before I'd even consider it.
There is a lot to know about knives, but it’s not beyond learning and learning quickly. Once, you recognize all the important facts as it relates to knives, you can sell them. They sell well and are collectible to so many. Tang, knife point, handle, blade type, are all things that can be learned easily & quickly:)
This alone would keep me from it. It’s exciting but THEY will HATE knives by the time they’re sold.
I was wondering how you sell homemade stuff, and def time saver to get someone else to come up with your title listings :)
watching the video the one thing that caught my eye was on the next vender over, to me it looked like Castle Grayskull from masts of the universe.
The castle alone usually goes for 25-30 bucks starting on eBay, if it has all the accessories it goes up big time.
1. I think you should be an enthusiast to go so deep in inventory on any particular item. You proved that with the golf club bulk buy which worked for you. 2. I think you would need additional channels to sell such a large quantity. In particular, you would probably need to commit the time to selling in person at a similar flea market or trade shows. Knives sell much better when customers can actually handle them. You would basically need to stop selling other items and focus just on knives.
I inherited hundreds of knives from my Dad and some of them sold quickly and a year later some are still listed. I think more popular brands like Buck will sell well. Oder ones that are more collectible than for use take a special buyer and that takes time to find.
I had that megazord when I was a kid. Awesome find
$30 / knife($12,000) seems like a more reasonable and rounded off number. If he really is motivated to sell then a counter offer of that amount is not out of the question.
Definitely some beautiful knives on that table, can only imagine what treasures he has stored up!!
I've sold on eBay off and on, the last 10 years or so and from the items I can think of, knives always sold the best for me. Some nice close up pics and a good description for the collectors out there is a good idea.
And as others have mentioned, you could even post them places like Facebook and bladeforums to have a more targeted audience.
This old grandmother thinks that man talks a good game … I wouldn’t do it.. you make good choices with the items you pick now.
If you can truly afford it. Do it. I would. I love that you 2 are a team. Wishing you much love and blessings. ❤🙏
I would say if he helps you with them like naming them and style I would definitely look into them… because a bunch of older knifes don’t have the brands on them and he would know that.
If after researching, you discover that you can flip the knives relatively quickly for a good profit, then do it! Starting with a few sounds like the smart thing to do.
If he has a bin of Boker knives, you're going to make some money. Even the smaller pocket knives will be 30 bucks a piece while the larger folding knives can bring up to 300. My dad is a knife collector, so I think you will do well. It might take a while to sell but it will be worth it.
It sounds like your thought process is right on the money - learn all you can then make a decision. I think it would be a good deal. You could even open up a 2nd store for just the knives and build on that. Have a good weekend.
I think first thing would be to make a visit and see if you could potentially but just a fraction with the possibility of more down the line.
I’d love the turtle van !!!!
Those General Lee model prices are way up. Saw one on the table.
I would say no unless he allowed you to look at the whole collection. I'm not buying anything blind. People are making good points about homemade knives, without being the person who actually made it you wouldn't be able to answer the important questions.
The branded knives on the other hand, if in good condition and sell through rate, I'd make a deal if I had the capitol on hand.
You do have time, you could reach out and ask the Facebook groups that are centered around knives, or even survivalist groups and see if anyone there would like to buy a bulk lot of homemade knives, might be able to unload that quickly if you had a buyer lined up before hand!
on the knives deal I would test the waters a bit I have sold a couple knives over the year and they seen to sell quickly but i never spend more that $10 on one. I would see if you can just buy one bucket and see how listing and selling goes before jumping all in.
$25 for the top and the fin on the tmnt party wagon. The front window where the gun mounts. $20 and the orange door ramp is $20 as well. Been parting out tmnt accessories Lately.
Hi Josh & Hailey (sp?) i think your approach is spot on - sensible, exciting & creative- just the way you are! GO GOR IT!! 💓🤗🙏🏼
Thank you for involving us in your business and always looking for advise while at the same time teaching
Agree with stick to what you know. Wanna learn? Buy 5 knives you like and start there.
Good luck with the knives! It sounds like a potential opportunity. I know Pete with Craigslist Hunter had a huge knife purchase a while back, and he may be able to answer some questions for you. Best wishes! -Steven
Pause at exactly 14:16
"I'd like to get rid of them all at one time". Truer words were never spoken, and you'll be saying the same thing.
And he thinks he has a fish on the line. Beware.
Agree... believe would be long road of hoping to just finally get enough to sell to get your investment back.. much less make a profit.
Hey that's the same knife collector/maker that was at your yard sale July 6th 2020 video lol Just finished binge watching a bunch!
For me it comes down to 2 things: 1. sell through rate (inventory obsolescence aka dead inventory is a b****) 2. capital. Can't tie up 15k if I only have 1000 left over. Hahaha Hope that helps.
Good points!
As we get older we look at all the things we accumulate and at this point in his life I'm sure he is more than willing to be wanting to down size with the idea of getting a good quality price from specific items. By putting his work/collection out in the world his legacy will move forward with people appreciating the craft of his knifes which seems to be the most important thing for him aside from downsizing and money. Go for it!!!
Really appreciate your videos, learned a lot, could you please share the location of this Flea market as this would be a good sourcing venue for me . Thanks.
I love the little medal gun ! when are you putting it on your e bay ?
so glad i started Ebay. started end of June this year, and already have over 30 items sold. love reselling.
Speaking from experience. Anything survival or hunting related sells fast and easy. Knives are a good sell. Easy to ship.
love the way that u handle yourself and if he is truly motivated he will let u come to the house and since they see u almost every week it would be a good deal
I am addicted to your videos man
Buy the small lott learn the best ways to market them if you can have a good margin and turn around time for your effort then way up if it's a good deal buy the rest
I like your plan
I think I saw someone set the General Lee car down next to the knives. The actor from The Dukes of Hazzard owns it and lives in the area where the tornado just hit and a bunch of trees smashed into the top of it. Idk if it's totaled or not but I'm sure it's going to cost a fortune to fix! The guy selling the knives looks great for 83!! Great video and finds!
Going to investigate such deals is a way to learn a new category. Look, talk, then research. Just don’t be afraid to pass it up. Cash tied up isn’t working for you, if the buy in is too steep. When it’s a win, such deals can be a good way to step up your game.
So I’ve been an avid hunter my whole life, so very well versed in buying knives. So from a buyers point of view I always look for a edge that can keep for a long time and won’t need a lot of sharpening. I see the fixed blades selling to hunters. The pocket knives would be for more general use and would have many more buyers. But for me and the fixed blade hunting knives, it’s all about quality of the handle and blade. And as a side note I would be more willing to buy the knives if I knew they were made in the US by a small business.
Finally something I know about lol... I’m a huge toy collector. Wish I was there to give you a heads up on it. You still did fine and made money. I like the vendor, he’s a character lol. I had a different turtle van as a kid. It shot pizzas out of the guns. Great video, glad you shared it :)
Your videos have definitely helped me I’m a new reseller and hope to eventually do it full time 🙂🙂🙂
I would be interested in the turtle van and figures! How much?
i like the idea of buying a smaller test group first not sure how quick those will move...
You can’t “put money aside” especially when you’re talking about that much money. I personally would drop that much money something unless I was an expert on the item. You better be able to answer and question about them. Handcrafted knives aren’t going to sell as quickly unless it’s a well know artist.
I think it would be wise. To see if you can by one bin. To start with so you can get a feel for the market and feel it out
Once you go and see his knife inventory, your reselling instincts will take over. You will be able to determine if there is a deal to make. On toys as you saw, about every fifth or sixth toy is going to be a winner.
I would not put all my eggs in one basket. So go with the small sample size and start with that!
When you look at knives you really should know that Damascus is really a complicated process. A really strong Damascus steel is a wonderful find. Make sure you watch a few videos on knife making. The forging process is not an easy process. Love watching your videos. Tell Haley her clothing finds are great. Keep going on the hunting. Try Salvation Army Thrift stores.
The way I approach these business decisions is by asking myself a a few questions first; if I lose the entire investment does it jeopardize the business, what is alternative ROI (ie if you invested 15k in golf stuff or shoes etc would you expect a higher return?), and what is the dollar turn (turning 15k into 60k in a year -45k profit is not as good as turning 15k into 20k in a month -60k profit annualized). Of course you have to know the marketplace to know these answers. Then, Assuming the metrics of the deal at hand make sense I then begin considering the other aspects of the deal that center around experience; do I trust the transaction, do I understand the deal (if I “don’t get it” I don’t do it no matter how good it sounds), what’s my instinct tell me? One thing I give very little thought to is “am I an expert on the product” this does have more relevance when you are a one man shop but at scale it has very little to do with the business. Example: you think any of the Waltons really know anything about the specific products Walmart sells? Thanks for the great content Josh.
Commonly sold knives at retailers are buck, case, Gerber, frost,and Kershaw .higher end are like boker,civvivvi, Benchmade we knives basically the same as civvivvi,and Spyderco to name a few and then you go into customs like hogue, bear and sons, and Chris reeves to name a couple
There’s that Turtle Van I saw in the last video! I’ll be watching the store to see it listed! 🐢
I like the idea of a small lot first and go from there!
Buy! If they are for sure good quality!
dude the mega tigerzord thats cool... plus the turtle van thats cool
As a Full time reseller in Canada its a bit harder for something like knives to sell. To be honest if he is asking 15K you would have to ensure their are around 50K worth of product for time and the gamble. We do the same with Garage sales and best quick income is picking what you like and know you can flip. Sometimes though you can make good money taking a gamble as I also buy truckloads of Amazon Pallets and they minimum do 40-60% profit.
Been watching your videos for what seems years now and every time and you have given great advise. Sometimes I wish I lived in the states seeing your goodwills and scores you find. along with storage lockers and pallet buying product is everywhere.
Saludos Amigos 🙋♂️ We love the Turtles Nice toys 👍👍 Saludos from Puerto Vallarta 🌅🌅 México 🙋♂️🇲🇽🇲🇽
Red ranger gun- 1941 Wyandotte clicker gun found selling for $49 + post :)
The TMNT van is AMAZING!!
You have a solid plan and strategy. It’s been awhile since you posted this and maybe I missed a video, but update?
Aren’t those red lines suppose to be worth something? There was a Dukes of Hazard car there
You are a good judge of character
I would try and get as must of advice as you can get, and ask if you can do like you said take a sample size and if it's good business then you go get all of the other.
I'd definitely agree with buying a smaller lot first. Many have suggested it, but ask other knife sellers, and it might be important to understand the return rate on pocket/hunting knives. Someone who is going to buy a custom knife will most likely have high standards for what they're gonna receive. I don't have the data, but my gut tells me that custom knives or just pocket knives in general have a higher return rate like clothing. I could be wrong, but that's where you'll want to do the research to find out. A good knife has to feel good in your hand, be made of great materials, and the blade will hopefully still have enough metal on it to provide for many more years of honing/sharpening (unless you're selling to a pure collector who is just gonna store it). You might even have better luck selling on Facebook Marketplace, or joining hunting groups on FB/Reddit/etc.
I think your idea of buying 2 bins of knives & seeing how that goes is a great idea. Then if it’s profitable for both of you, you can always go back & know you’re getting a good deal. Good luck!🍀👍
I like the idea of getting the knives in smaller batches at 1st to see how they sell. That is probably the smarter way to go.
Hi J & H I see a lot of good advice in the comments either way I loved what you did with the golf club buy out!! How you created the spreadsheet to track your profitability, if you do decide to do the $2000 deal to start out I think your audience would appreciate seeing you track the sales again!!
the red ranger gun with box i saw it sold for $203 i look up on some selling website thought it was nice 👍
missed that Voltron on that table with the turtle troll!