Contacts: Joe Arlia, owner of 2 iSold It franchises in New York, NY
Joe Arlia will be moving consumer electronics in two New York locations today, one in Brooklyn, the other on a swank block on the upper East Side of Manhattan...but Joe doesn’t have any cash or, for that matter, inventory. In the fluid world of his iSold It franchises, the goods come and go so fast, there’s no time for merchandising or a catch display.
iSold It is a national chain of what’s known as “drop off stores,” retail spaces where customers (either everyday people or business owners) can bring in used or unwanted stuff, from old digicams to aborted-engagement rings, and have it listed and auctioned off on eBay. Customers get a bit less than two thirds of the final sale price, Arlia and eBay take the rest.
Arlia says CE is one of his top three sales categories, along with musical instruments and fine jewelry. “”You’d be amazed at how much you can get for a used Treo,” says Arlia. “A Treo 600 goes for around $100. A 650, you can could get $150-200. Smart phones do really well.” Arlia, who only accepts items that’ll likely sell for more $50 online, says he’s seeing good prices on home audio components and flat panels these days too...just not as well as the Evel Knievel doll in original packaging that recently went for $2800.