Thrift Store Tactics 101 - The Perfect Snipe by steemmatt

View this thread on steempeak.com
· @steemmatt · (edited)
$0.47
Thrift Store Tactics 101 - The Perfect Snipe
https://media1.giphy.com/media/yO5VoWYHqojtK/giphy.gif
[](https://media1.giphy.com/media/yO5VoWYHqojtK/giphy.gif)

Here's how I just bought a sealed new item worth $170 for $34.12 instead of the thrift store's original cost of $81.65. As a reseller that's a significant savings.  There was money to be made either way, but I'll never ever overspend for bad margin.

![](https://cdn.steemitimages.com/DQmNkV7Gi3HbXLEhxje2oRGoimsdttRMTsGhqLWUJX1joV7/image.png)

This high end hair removal system was originally was put in the store's display window three weeks ago.  It was then moved to behind the registers where it's been ever since, with me keeping an eye on it.  

This thrift store has price tags with various colors. At some point, each color goes on sale for 50% off in order to make sure stale inventory turns over.  I try to leverage this when the upside of being patient is worth it.  If I miss out on a good item I could've made some money on, I really don't care.  I want to make buys that leverage my money most effectively, even if it costs me some money by not buying.

At times, I hide smaller items to wait for the color to go on sale.  Since this was behind the register, that wouldn't be possible.  It was going to be a war of attrition.  A chess game.  I'd have to wait for the color green to go on sale.

Today was that glorious day.  To sweeten the deal, I also saved up my rewards points from previous purchases to get another $6.70 off.  

_Smart shoppin'_

The moral of the story is to not overspend to make money.  Work wisely and focus on strong margins, as this is a more sustainable model for long term business and growth.  Since I waited this one out, I technically have $47.53 in liquid funds to work with for my business, which I can use to make significant returns through my typical inventory margins.

Depending on shipping, I'll make over $100 profit on this purchase, which is good, but I still don't like spending $34 on something to 3x with it.  I want 5-10x.

Hope this was helpful.

[My last post about fighting crime while recycling!](https://steemit.com/story/@steemmatt/true-stories-i-just-thwarted-2-robberies-2-older-hero-stories-check-em-out)

@steemmatt
๐Ÿ‘  , , , , , , , , , , , , , , , , , , ,
properties (23)
post_id62,218,214
authorsteemmatt
permlinkthrifting-tactics-101-the-perfect-snipe
categorythrifting
json_metadata{"image":["https:\/\/media1.giphy.com\/media\/yO5VoWYHqojtK\/giphy.gif"],"users":["steemmatt"],"tags":["thrifting","resale","homesteading","education","life"],"app":"steemit\/0.1","format":"markdown","links":["https:\/\/media1.giphy.com\/media\/yO5VoWYHqojtK\/giphy.gif","https:\/\/steemit.com\/story\/@steemmatt\/true-stories-i-just-thwarted-2-robberies-2-older-hero-stories-check-em-out"]}
created2018-09-12 00:31:36
last_update2018-09-12 04:16:00
depth0
children3
net_rshares455,459,038,178
last_payout2018-09-19 00:31:36
cashout_time1969-12-31 23:59:59
total_payout_value0.369 SBD
curator_payout_value0.098 SBD
pending_payout_value0.000 SBD
promoted0.000 SBD
body_length2,201
author_reputation81,700,031,169,771
root_title"Thrift Store Tactics 101 - The Perfect Snipe"
beneficiaries[]
max_accepted_payout1,000,000.000 SBD
percent_steem_dollars10,000
author_curate_reward""
vote details (20)
@coruscate ·
$0.02
Awesome story!! I bet your weโ€™re getting pretty excited those last few days before it turned green. Smart that you hide smaller items too. Haha thatโ€™s brilliant.
๐Ÿ‘  
properties (23)
post_id62,226,538
authorcoruscate
permlinkre-steemmatt-thrifting-tactics-101-the-perfect-snipe-20180912t030523820z
categorythrifting
json_metadata{"tags":["thrifting"],"app":"steemit\/0.1"}
created2018-09-12 03:05:24
last_update2018-09-12 03:05:24
depth1
children0
net_rshares21,468,417,124
last_payout2018-09-19 03:05:24
cashout_time1969-12-31 23:59:59
total_payout_value0.016 SBD
curator_payout_value0.005 SBD
pending_payout_value0.000 SBD
promoted0.000 SBD
body_length161
author_reputation435,400,465,365,665
root_title"Thrift Store Tactics 101 - The Perfect Snipe"
beneficiaries[]
max_accepted_payout1,000,000.000 SBD
percent_steem_dollars10,000
author_curate_reward""
vote details (1)
@getonthetrain ·
$0.02
Does the store change the color on a set day?

My local Goodwills change the color on Sunday (as I suspect they do all over the place).
๐Ÿ‘  
properties (23)
post_id62,231,233
authorgetonthetrain
permlinkre-steemmatt-thrifting-tactics-101-the-perfect-snipe-20180912t043109217z
categorythrifting
json_metadata{"tags":["thrifting"],"app":"steemit\/0.1"}
created2018-09-12 04:31:09
last_update2018-09-12 04:31:09
depth1
children1
net_rshares21,468,417,124
last_payout2018-09-19 04:31:09
cashout_time1969-12-31 23:59:59
total_payout_value0.016 SBD
curator_payout_value0.005 SBD
pending_payout_value0.000 SBD
promoted0.000 SBD
body_length135
author_reputation92,849,116,967,026
root_title"Thrift Store Tactics 101 - The Perfect Snipe"
beneficiaries[]
max_accepted_payout1,000,000.000 SBD
percent_steem_dollars10,000
author_curate_reward""
vote details (1)
@steemmatt ·
The system seems to change. At some stores it can be 2 colors a day that rotate, or others one color for a few days, so not sure. While it's a Goodwill, each store seems to run it a little differently.
properties (22)
post_id62,239,775
authorsteemmatt
permlinkre-getonthetrain-re-steemmatt-thrifting-tactics-101-the-perfect-snipe-20180912t070358204z
categorythrifting
json_metadata{"tags":["thrifting"],"app":"steemit\/0.1"}
created2018-09-12 07:03:57
last_update2018-09-12 07:03:57
depth2
children0
net_rshares0
last_payout2018-09-19 07:03:57
cashout_time1969-12-31 23:59:59
total_payout_value0.000 SBD
curator_payout_value0.000 SBD
pending_payout_value0.000 SBD
promoted0.000 SBD
body_length201
author_reputation81,700,031,169,771
root_title"Thrift Store Tactics 101 - The Perfect Snipe"
beneficiaries[]
max_accepted_payout1,000,000.000 SBD
percent_steem_dollars10,000