Tricks of the Trade Learn everything you need to know about selling antiques online.
LEARN EVERYTHING YOU NEED TO KNOW ABOUT SELLING ANTIQUES ONLINE.
the thrill of the hunt has captivated your heart, and your antique finds are stacking up at home, beginning a business selling antiques online might tempt you.
To take your rewarding part-time hobby and make it into a business, however, isn’t usually as fun as gathering the merchandise. While the thrill of the hunt is what motivates most of us antique aficionados, actually selling antiques online requires some preparation and know-how.
To be honest, it takes a lot of effort to make a reasonable income selling antiques online. The market is unpredictable, so if you need a steady income, this may not be a wise choice for you. On the other hand, if you’re disciplined with your budget, are willing to commit time into research, are passionate about antiques and love the idea of a flexible schedule, online selling might be the perfect fit for you. Before selling antiques online, here are a few things you’ll need to consider.
Let’s start with the basics. Most states require that you have a tax ID or EIN on file with them, so you can report the income you make from your sales. You’ll also need to get a sales tax permit to collect sales tax in your state. 45 states have a sales tax. Most states either require that you collect sales tax based on the destination or origination of your goods.
The best antiques most likely aren’t going to be at flea markets, so visit estate sales and antique shows.
Antique china, first edition books and vintage toleware are only a few of the items you might decide to sell online.