Make money from common items found everywhere - stuff most folks walk past as trash sells on eBay over & over again...Guaranteed!!
One of the great things about selling on eBay is how you can quickly build a consistent income stream. In this article I would like to share another wonderful item that can make money on over and over again!
I am talking about Cast Iron Cookware, and if you were not aware of prices that are paid everyday on eBay for this common item that can be found almost everywhere. Flea markets, garage & yard sales, antique stores, estate sales, auctions, so you do not have to be concerned about it being available. Just find it, list it for sale on eBay and you WILL make money!
Do a completed auction search on eBay for Cast Iron Cookware and the results will open your eyes and very possibly make your jaw drop. You will see that enameled cast iron La Cruset from France is the overall heavyweight. Both old and new pieces of this classic cookware can fetch hundreds, even thousands of dollars regularly, but we will discuss that market giant another time, today were only going to focus on the top American brands.
Griswold of Erie PA, is the undisputed champion with some items consistently selling on eBay for $1500 - $2000+; I am sure you did not know that a Griswold #13 cast iron skillet recently sold on for over $1000, while a Griswold #9 Skillet sold for more than $150 as well, not to mention the hundreds of other items that sold between $25-$100!!
Wagner of Sidney OH is a "not so close" 2nd, usually making half to one-third on average, the prices realized by Griswold, but with that said, Wagner ware is still worthy of being snapped up whenever the opportunity presents itself.
Lodge, Vollrath, Good Health, and other lesser known makers, as well as unmarked examples coming in a very distant 3rd. When presented with this group, take extra care when making your purchase as the returns can be smaller than the first two giants, but with this information you are learning, you will have the knowledge to select the very best pieces that will bring the highest profit!
So now you are aware cast iron cookware is a HOT seller with the profit potential to be a nice monthly income stream, and you have also learned that is an everyday item that can be found everywhere, but our motive is to make BIG profits, we want to know what makes one cast iron skillet sell on eBay for $1000 and another sell for $50.
Now Griswold, Wagner and all manufactures made lots of different types of cast iron items but I only focus on the cast iron cookware, and that is my recommendation to you, besides all the high dollar realized on eBay are for kitchen cookware and we want to make money with BIG profits!!
As with any item we add to our eBay income stream lists of consistent sellers cast iron cookware had to meet all three of our criteria...
- Strong collector demand
- Inexpensive to acquire for resale
- Easily found everywhere
Here are some "flashpoints" that should signal an automatic buying opportunity.
- Item MUST be marked (Griswold or Wagner is best)
- NO Warped, chipped, cracked or severely pitted items
- A Large Griswold mark is better than the small mark; SLANTED letter logos are the best.
- There are also Griswold items simply marked "ERIE" on the reverse or bottom with a number, these are early examples and sought after as well.
- ANY Wagner items that DO NOT have "Wear" in the mark
- ANY Wagner mark inside of a "pie slice"
- ANY Large numbered items 10, 12, 13, 14
- ANY item that includes a cover or lid
- ANY cast iron cover/lid with or without raised lettering
- ANY unusual shape cast iron item
- ANY skillet with a raised ring on the bottom
- Most muffin/biscuit baking pans
- Items rusted but otherwise good condition
You noticed that I recommended "rusted in good condition" cookware items, I really go after the very rusty and grimy pans, covered with burned on grease as I can get them on the cheap (usually $10 or less), and with a little of my time combined with a little elbow grease, and a simple cleaning method, I can have a $50, $75 or $100 eBay money maker!!
Now, I can not tell you what to pay for the items when you find them because each person knows their pocket, but remember this, "you make your profit when you buy an item" so if it fells like it cost too much, than most likely it is!!
I personally do not pay more than $25-$50 depending on the specific cast iron piece, most are between $5-$10 each.
Remember, the highest prices are for very rare pieces and large cookware items but to get top dollar all cast iron cookware needs to be "cleaned, seasoned and free from rust & pitting" so you may need to do some cleaning and rehabilitating before your found treasures shine like "online gold", but the returns are going to be worth a little extra effort.
So the next time you see a rusty old cast iron skillet, look again it might really be hidden gold and become part of your eBay money making income stream machine.
My sincere hope is that this article was helpful in moving you forward towards your goal of creating income streams that can can continue on "auto-pilot" for years & years; creating success that grows & grows!
S. Allyn Banks Sr. has been a successful eBay Power Seller & former eBay trainer since 200; he has made his full-time living solely online since 2003; Authors the blog, "Make Money on eBay...Guaranteed!!"
http://ebaycashgenerator.blogspot.com/
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