In this chapter, I described many categories of items you will encounter on a daily basis as you foray out on your adventurous treasure hunts. When you come across a piece that interests you, you’ll need to determine if it falls under the category of What to Buy, or if it falls under the category of What Not to Buy.
Eventually, you’ll find one particular item that intrigues you so much you’re moved to start collecting it. When you find one collectible that’s right for you and you want to start buying and selling, read everything you can about that item. Strive to become an expert in that collectible. Thoroughly research your interests and re-read this book. And always remember, there is much to learn and great fun to be had in educating yourself about your particular collectible.
Often, when you first begin collecting one item, such as antiques or fine art, you will most likely become interested in collecting other items in different genres. You may eventually pursue something far different in an area you never imagined could hold your attention. When you become a Garage Sale Millionaire, you need to be knowledgeable in several different collectibles. Why? So, when you go to garage sales, auctions, storage unit auctions and estate sales or when you buy and sell items via the Internet, you’ll be prepared to purchase items to sell for a profit.
In this chapter, when I say a collectible has no value, please understand that I am generalizing. ...