Another good reason to start of selling items you have lying around the house is because selling might not be for you. If you sell that old fishing rod and hate every minute of it, you probably won’t like selling Blu-ray movies.

This sentence I have issue with: “You make your money WHEN YOU BUY, not when you sell.”

I hear that all the time. I think what it should really say is: You make your money WHEN YOU BUY, not JUST when you sell.

The truth is I could buy 100 widgets for $1 each that are usually worth $1,000 each. That sounds like a great profit is coming my way. That assumes I can sell them for that price. If my widget ends up being Beanie Babies then I’ll be trying to pawn all 100 of them off for $20 at the flea market.

Granted the cheaper you buy, the better flexibility you have. But I do believe it’s a combination of buying low and selling high.