You have been shopping at flea markets, auctions and even thrift stores for a while now.  You have gotten several good deals now, and you have decided to make the plunge and sell some of the deals off either in a booth or online.

You have suddenly run into a problem with selling—how much do you charge on the item you want to sell?

This is a simple solution.  You need to ask yourself a very simple question—can I legitimately double what I paid for the item?  If you can double what you paid, then you are good to go.

Now, you need to remember one thing about pricing—you can’t just pull a number out your ear to say this is what you paid.  You need to keep good financial records not just on what you sell an item for, you also need to keep track of what you paid as well.

You need to keep your receipts for your records as well.  This helps prove what you paid in case you have a question later on arise.

The problem with the antiques and collectibles area is that there are going to be times that you do not get a receipt.  So, how do you prove that you paid a certain price for an item?  You will need to write it down on a piece of paper what you paid, where you bought it and the date that it was purchased.  Doing this will help go a long way in helping out.

One trick that I do is to keep things like a packing slip as well if I happen to buy something online.  The packing slip will have all of this listed on it, so it could stand in as a receipt if you don’t have anything else.

Now that you have a price for the item you want to sell, how fast do you think it will sell?