What you see above is 83 pounds of stainless steel flatware – I’m just going to let that sink in for a moment.
But, while you’re still pondering that, let me talk about flatware in general for a minute. It can make you a huge profit. Silverplate and sterling silver can bring in a pretty penny, and you can sell it in small lots of two to four pieces. It’s also incredibly cheap to ship, so you can offer free shipping and get bumped up higher in the search results without having to take a huge hit on your profit.
Stainless steel isn’t so popular. Granted, there are some big names (ie. Oneida) and nice patterns out there that can sell well, but it just isn’t worth as much as the pieces with silver in it. It’s newer, has been mass produced, and just doesn’t come in as many beautiful patterns. And that’s completely fine! In fact, you can use this to your advantage.
People make all sorts of things out of stainless steel flatware – rings, bracelets, napkin holders, and even small garden accents. Crafters want to buy in bulk – the more, the better. They’d rather stock up for as cheaply as they can, than buy from all sorts of different sellers and have to pay a fortune in shipping costs.
So, sell your stainless steel flatware in bulk. It isn’t worth as much as the other kinds, so you want to spend less time getting it all online. If you sell in bulk, you don’t have to worry about time taken to put pieces from the same pattern together. Or looking up patterns on Replacements. (That’s the worst.) Or listing them individually. Or paying all those separate insertion/final value fees.
You get the idea.
If you sell a huge group of this stuff, all you have to do is dump it out and take a picture of it, make one listing, and pay one insertion and final value fee. Plus, that’s just one less thing you’ll have to worry about taking up space in your inventory room.
And don’t be afraid to sell something like this in a single HUGE lot. That’s what we did! We sold the group above for $152.50. It isn’t as much as we’ve seen this amount go for, but it was a great deal anyway. We paid $70 in shipping, which left us about $83 in profit. It might not seem like a lot, but when we’re buying flatware, we always look at the silverplate to calculate how much we’re willing to pay. With that strategy, the stainless is always like a bonus. We save it up until we have enough, then sell it in a huge lot like this. The silverplate pays for itself (and then some), which means that the $83 was pure profit!
On the flip side of this, if you’re good at patterns and flatware in general, you might want to look for listings like these. They can be a resellers dream! In the end, it’s up to you to determine if you think it will be worth your time and money invested to split pieces up and sell them individually or in smaller groups. Whatever you decide – good luck and happy hunting!