How to monetise junk in your home using Yahoo Auctions!

You bought that game console, original book, collectible toy 1 year ago and now you do not use it. You realise that item you had purchased and used for a while now does not have much use to you. But do you know that it may be the perfect item for a student who is on a tight budget? A working adult who wants to make his money stretch and even second hand goods dealers who want to buy second hand items in good condition?

Welcome to Yahoo auctions!

What are internet auctions
Internet auctions are nothing new and they have been around for some time. I even remember attending a talk way back in early 2000s where I met the founders of Interauct!-- a local auction site that positioned themselves as the "eBay of Singapore". Sadly, I just went to their website recently and the website is a pale shadow of its heydays where there were thousands ot items listed and bidded daily. The entrance into the Singapore market by the big boys like ebay and Yahoo auctions have muscled in and now these two websites are where the buying and selling are taking place.

Why would you want to consider Yahoo Auctions?
It's free. :-)

Ebay charges a fee for users to list and sell their items online. However, Yahoo Auctions still does it FOR FREE! Where do such opportunities still exist?

Listing what is a piece of useless junk or superfluous item in your home inventory and selling it allows you to monetise what is taking up precious space in your home. The cash flow released back to you allows you to save and invest and then allow you to buy that next item or gadget (and of course become a piece of useless junk again in 1-10 years' time! ;-)) again. The cycle of continues....

So what do you need to do to get on Yahoo Auctions. First of all, you may want to create a Yahoo ID/email that you can use for various Yahoo services. Secondly, you can then register for Yahoo Auctions, verify your credit card info/paypal and you can start listing your item and selling it for a few dollars to add to your retirement fund!

The fun part about Yahoo Auctions is that you learn how to package, market and target your Ad to make it appealing for potential buyers to bid for your item. This is teaching me a little bit more about being a better sales person and is a useful skill. Given that many of you out there have broadband access already costing you $30 to $60 a month, why not leverage on it, look at what you can sell, what is sellable in today's market and start monetising your junk using Yahoo Auctions!

P.S. I do not get a commission for recommending Yahoo Auctions but a friend of mine who is a experienced online seller of collectibles and jigsaws has tried both Yahoo Auctions and Ebay highly recommends Yahoo Auctions if you intend to sell to the Singapore market.

Be well and prosper (a little) selling stuff online. :-)