Ah, the Internet! The glorious and wonderful Internet! How could society as we know it today possibly survive without e-mail, using our finely-tuned web browsers to explore infinitely informative and richly interactive websites, as well as texting, instant messaging and tweeting? The better question is, “How would we as collectors, treasure hunters and Garage Sale Millionaires be able to do business without the Internet?” Up until a few years ago, you could get away with using the Internet only as a supplemental way of doing business. Not any more. As traditional ways of business evolve and make way for an electronic future, so must all your Garage Sale Millionaire activities.
Now it’s time to use the Internet to help establish more accurate values on your collectibles so you can turn around and make the best profit possible by reselling those items!
Although eBay (www.ebay.com) was covered extensively in the previous chapter, I feel it necessary to reinforce the importance of using this invaluable Internet community as an efficient and accurate resource for the purpose of determining the proper market value of items you’re looking to buy and sell.
When buying and selling collectibles on eBay, the idea of market value plays a prominent role. Market value refers to the dollar amount people are willing to pay for an item. Every item listed on eBay, as well as every bid made on those items, continuously helps to set the current market value. For ...