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How to Make Money Buying and Selling at Police Surplus Auctions

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Many people start reselling businesses by buying and selling products at police surplus auctions. Because these auctions are conducted on a regular basis, you have a regular supply of quality inventory. Visit us at http://www.auctionANDappraise.com or call 800-801-8880 for more information about Police Surplus Auctions.

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How to Make Money Buying and Selling at Police Surplus Auctions

  1. 1. How to Make Money Buying andSelling at Police Surplus Auctions
  2. 2. POLICE SURPLUS AUCTION• A police surplus auction presents a great opportunity for you to snag a dealon any number of items. Then, you can turn around and sell what you buyfor a profit!• Many people start reselling businesses by buying and selling products atpolice surplus auctions.• Because these auctions are conducted on a regular basis, you have anongoing supply of quality inventory.• So what can you expect to find at a police surplus auction? Anything youcan imagine! Items include vehicles, RVs, sporting goods, household items,art, antiques, jewelry, collectibles, furniture, appliances, electronics, officeequipment, computers, tools, machinery and much more.• Auction items come from a variety of sources. Property may be auctionedafter it’s been confiscated in conjunction with criminal activity.
  3. 3. POLICE SURPLUS AUCTION If someone is convicted of a crime, any property used during the crime, orpurchased with money gained from a crime, can be confiscated and laterauctioned at the discretion of the law enforcement agency.  Unclaimed property is also eligible for auction. If an item has been found,turned in to police and unclaimed after a certain time period, it can be soldat a police surplus auction.
  4. 4. POLICE SURPLUS AUCTIONMaking Money in Four Easy StepsStep One – Get the Auction Schedule.You first need to find a police surplus auction.Your local auctioneer’s website will have updated schedules and locations.The website will provide details of each auction, including the terms regardingparticipation.You can learn whether any particular auction will be conducted live, onlineor both.No need to pay a service for this information because it’s free.Just visit the law enforcement agency’s website or get on the mailing list ofthe local auction house.
  5. 5. POLICE SURPLUS AUCTIONMaking Money in Four Easy StepsStep Two – Review the Items for an Upcoming Auction.Once you decide on a police surplus auction you want to attend, you need tocarefully review the items to determine what you may want to bid on.The auctioneer will have provided full descriptions including any pertinentnotes on the item’s condition, if available.However, you must not rely solely on the item’s online description and photo.It’s imperative you inspect the item at the scheduled preview times.These times will usually be held a couple days prior to the auction and/orthe day of the auction.
  6. 6. POLICE SURPLUS AUCTIONMaking Money in Four Easy StepsStep Three – Bid Carefully.If after inspecting the item you want to place a bid, do so cautiously.Determine the item’s current market value based on its condition.Then, decide how much you’re willing to pay at the top end and don’t exceedthis amount.Remember, you’re not buying the item for your personal use, but to resell fora profit! Therefore, you’ll want to be sure you pay below market prices for allitems you buy at police surplus auctions.Make sure you know the final price you’ll be paying too. In many cases, thiswon’t be your ending bid price.
  7. 7. POLICE SURPLUS AUCTIONMaking Money in Four Easy StepsStep Four – Resell Your Items.You can resell your police surplus auction items through a number ofvenues.Many people use online auctions like eBay. But other sites exist, so checkthem out too. You can explore additional options besides online auctions too. Examplesinclude selling items at garage sales or thrift stores.
  8. 8. POLICE SURPLUS AUCTION• Reselling items you buy from a police surplus auctionis one of the most fun ways to earn some extra cash.• Just make sure to factor in all your buying and sellingcosts so you are sure you calculate your true profit.
  9. 9. ABOUT THE AUTHORDeb Weidenhamer is President of Auctions SystemsAuctioneers & Appraisers, Inc., based in Phoenix,Arizona. They specialize in auctions and professionalappraisals.Visit us at http://www.AuctionandAppraise.comor call 800-801-8880 for more information aboutPolice Surplus Auctions.
  10. 10. ABOUT THE AUTHORDeb Weidenhamer is President of Auctions SystemsAuctioneers & Appraisers, Inc., based in Phoenix,Arizona. They specialize in auctions and professionalappraisals.Visit us at http://www.AuctionandAppraise.comor call 800-801-8880 for more information aboutPolice Surplus Auctions.

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