Kyle Bennett’s conquer-up, 10-calendar year-outdated Large Religion mountain bicycle sat in his garage unused for months. The industrial designer from Santa Cruz paid out $450 for it a yr right before and experienced comprehensively thrashed it. So he put it up for sale on Facebook Market.
In one hour, his submit obtained 60 replies.
Possibly even much more surprising? His asking value was $600.
“The bicycle was absent in two hours,” he says. “A guy drove 100 miles and handed me dollars, with no bargaining. But if I’d been patient, I very easily could have gotten $1,000 for it. People today were being bidding. In the pandemic, people put up bikes for outrageous charges — and are having them.”
Nowadays, with gyms mainly shut owing to the pandemic, people today are determined to remain suit. But they can’t get new bikes and physical fitness devices. Bicycle retailers are bought out. Purchasing new dumbbells and excess weight benches is virtually not possible.
The option: Go on line and invest in and promote employed things.
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There are lots of websites, from bicycle-unique web pages like BikeExchange.com, BicyleBluebook.com and PinkBike.com to typical internet sites like Facebook Market, OfferUp.com, CraigsList.org and LetGo.com.
Cleaning out your garage has never been this lucrative.
You know that old beach front cruiser with flat tires hanging in the rafters that you could not dump for 50 bucks? Now hose it off, pump the tires, shine it up with Pledge and get $250 for it!
If you have got previous dumbbells and excess weight plates lying around, you may be sitting down on a gold mine. The going price tag of $1 a pound jumped to $3 a pound or additional when the gyms closed, according to Anthony Duke, a PE trainer and football mentor from Murrieta, who has turn out to be a excess weight tools specialist in the last a few months while shopping for and providing on OfferUp.com.
“Done correct, that aged $10, 10-pound dumbbell will now get you $35,” he says. “Old weights I purchased online for $50 I have bought for $500. Two 25-pound bumper plates — which have the rubberized coating that you can fall on the flooring — bought me $900. The trick is earning it seem as good as doable.”
Duke picks up discarded weights anywhere he can — other on the net sellers, the metropolis dump, trash cans, the dank corner of garages at estate income. He paid out 20 cents a pound for weights dumped by the Yorba Linda Hearth Department. Then the refurbishing commences. He soaks them in vinegar, scrubs with a steel brush and S.O.S. pad to take out rust, spray-paints them black and takes advantage of a body fat sharpie to paint the lifted letters and numbers white. He’ll reupholster $150 bodyweight benches and sell them for $500.
The same approach functions for bikes. Duke’s up coming-doorway neighbor Stephen Nelson, who was a noncyclist in February, turned himself into an professional rider and mechanic in the course of the pandemic — buying, rehabbing and promoting a dozen mountain bikes and beach cruisers on OfferUp.com and LetGo.com.
“Used bikes are the new ‘new bikes,’” states the fitness coach. “I’ll acquire seaside cruisers for $50, thoroughly clean them, contact up the paint, put on matching grips, shine up the rims and sell them from $350 to $400. A legacy solution like a GT Performer BMX bike with mag wheels from the 1980s can go for $1,500 or extra.”
Mountain bikes can be notably beneficial. Nelson acquired a Lapierre complete-suspension for $900, tuned it up, changed a broken brake lever and marketed it for $1,750. A “crummy” Trek comprehensive-suspension from the early ’90s went for $800. His major score was a “thrashed” Pivot 429, which retailed for $7,700 new. He compensated $1,200, cleaned it with a substantial-pressure hose, used $350 on new handlebars, grips, a rear wheel and a seat, touched up the black body and derailleur with design paint, and offered it for $4,000 four days later on.
Prevalent sense dictates the ideal marketplace offers, say Duke and Nelson. If you’re wanting to acquire or promote, listed here are some tips from the authorities:
If you’re marketing
Spit and polish: Thoroughly clean equipment sells for higher price ranges.
Consider Instagram: Very well-staged pictures with a clean up history fetch much more. “Shots in a dim corner of your garage make it clear you just want to dump it,” claims Nelson.
Satisfy the customer in a public area. “I like to fulfill them at a Walgreens so they can entry an ATM,” states Duke. This also guards your privacy.
Settle for Venmo, Zelle and income. (But possibly never walk absent with way too a lot cash, if you know what we signify). Beware checks and credit rating playing cards.
If you’re purchasing
Test right before you purchase: If possible, see the product or service in human being ahead of you make an offer you. Prevent committing to a price tag without the need of viewing the merchandise so you can negotiate honestly if you location flaws.
Gauge seller drive: Purchasers can score excellent discounts by scrutinizing — and lowballing — good quality equipment that has been badly staged.
Contemplate how you will shell out: Some sellers will accept only Venmo or Zelle. But if they insist on dollars, possibly think about conference in a harmless and quite community area.
Schmooze: “To stand out from other prospective buyers, I compliment the seller,” suggests Nelson. “I’ll generate, ‘I’ve been wanting for one of these for sooo extensive. Wow, I appreciate that shade and that hydraulic seat article you set on it.’ That way, they feel you’ll deliver a fantastic property for it and have a tendency to go simple on the price tag.”
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