Just about every business savvy entrepreneur is on the lookout for a way to make some extra money. The gold trade is an easy market to enter. Learn the basics techniques to sell gold jewelry Phoenix area experts use to make profit.

Finding a Source of Gold Jewelry

First, you need to find some gold to sell. Bargain hunters are on the lookout for items of value at garage sales, swap meets, and thrift stores that can be flipped. Sometimes this works out, but it is unlikely that you will simply happen upon gold jewelry often enough to rely on this method all the time.

Other jewelry sellers attend auctions and estate sales where they bid on items. Storage rental companies sell the contents of storage lockers to cover unpaid fees from previous tenants. The same is true for safe deposit boxes. Gold jewelry is often available at these sales for a bargain.

For truly savvy professionals, placing an ad in a local paper to purchase old unwanted items brings sellers right to you. A willing seller that needs cash right away will often part with a valuable piece of jewelry for less than the market price.

Evaluating the Market

Once you have your hands on some merchandise, you need to estimate its value. It can be difficult to predict how much your items will sell for, but you should avoid selling them for too little. Knowing the market for gold is the first step. Watch the price of gold as it trades on the bond markets. Offer your items for sale when the price is on its way up to maximize your gains.

Finding the Right Buyer

Always work with good customers. The right buyer has money and wants to pay you. When you are in the business of making money, you want to establish relationships with gold buyers who are willing and able to make easy and fair transactions.

You may find a willing online buyer through an internet auction like Ebay. If you want to turn your assets into quick cash and are not interested in the hassle of working with retail customers, a pawn broker or a jewelry dealer is your best bet. To learn more about selling gold jewelry, call (480) 949-9299 today to speak with the experts at Ralph Mueller and Associates.