Startup cost: $200 - $2.5k
Low-end estimate: At the bare minimum, you can start with $200. This would cover purchasing a small initial inventory of collectibles from thrift stores, garage sales, or online marketplaces like eBay. You might also spend a small amount on basic shipping supplies and fees for listing items on platforms like eBay or Etsy. This approach relies heavily on manual research and free tools.
High-end estimate: For someone looking to do it right, $2,500 would allow for a more professional setup. This includes a larger and more diverse inventory, professional photography equipment or services for high-quality images, subscriptions to research tools like Terapeak or WorthPoint for market analysis, and initial advertising spend on platforms like Facebook or Instagram to drive traffic. It also covers setting up a dedicated workspace and possibly a website or online store. Hidden costs might include platform fees, shipping costs, and potential returns. Many people find that costs can creep up as they scale their operations or seek to improve efficiency and reach.
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