Have you ever considered selling classic bikes as a way to make money with cycling?
Selling classic bikes is a good way to profit from cycling because you can usually make a bigger profit by selling classic bikes than you actually bought the classic bikes for. The idea of this type of business is that you find and buy classic bicycles and then you fix them up a little bit and earn a profit by selling classic bikes for a higher price that you bought them for. You just got to make sure that you are selling classic bikes that are worth the price tag you are putting on them.
Finding and Selling Classic Bikes
Before you start selling classic bikes, you obviously need to find them first. My suggestion to you is to look in areas where they are going to be sold for a cheaper price. This is going to be yard sales, flea markets, auctions, police auctions and even something like Craig’s List. Buying classic bikes for a cheap price isn’t ripping people off – it’s not your job to research the price for the seller and tell them what they should charge for you to buy it so if you find a deal that is really good, snatch it up before someone else does. Pawn shops, local bike shops and most cycling-knowledgeable folks are going to know how much to sell a classic bike for so buying off them might mean spending way more money than you will likely make after flipping the bike – let’s face it, they have to make money too, right?
Put Work in Before Selling Classic Bikes
Before you go selling classic bikes for more profit than what you paid for them – you need to make sure you are not ripping people off, first. To make sure of this, I highly suggest you put some work into each bike and make it worthy of its price. For example, replace the tubes and maybe even the tires unless they are original and unharmed. You might also give them bike a thorough cleaning, replace the chain and replace the brakes if they show any sort of wear and tear. As far as the paint goes – if they bike has scratches and Knicks in it – you are going to lose some of your profit so you might consider touch up painting as well. If you can get original parts – do try to keep everything original as it will sell for a much higher price in the end.
Selling Classic Bikes at?
When it comes to selling classic bikes, I suggest internet-based sales marketing. Go to sites like Facebook and Google Plus and find local “neighborhood swap/sales” sites and advertise your classic bikes there. Make sure you list any work you have done to the bikes and offer it for a higher price than what you want from it so that the customer can talk you down a little bit and you still get what you wanted in the first place. Just don’t rip anyone off because on social media, people will gossip and they can ruin you for betraying them. I’d be careful attempting to sell to pawn shops and local bike shops because they too will want to resell the bikes and therefore will ask for a much lower price so they can make money as well.
Now let’s hear what you have to say!
Can you see yourself selling classic bikes for profit? What sort of classic bikes do you think you would try to sell? Was this article helpful to you? If yes, please share this article with other cyclists and on social media to help support me for writing it for you.