Collecting celebrity memorabilia is fun, but it can also be very profitable. Here's how you can cash in from celebrity collectibles without spending a lot of money.

Rare autographs and photos are hard to find. You may get lucky and run across a genuine article at a garage sale or flea market, but that is highly unlikely. Most people who have an authentic celebrity item know it, and won't be selling it at a yard sale.

If you really want to expand or start your collection without breaking the bank, online auctions are the answer. You can browse through the items at your own leisure and set your own budget. Even do a little research on the side if need be. There are literally thousands of items for sale right now.

The great thing about collecting celebrity memorabilia is that celebrities are always in the spotlight. Every move they make is on camera, in magazines and on the internet. When a celebrity does something outrageous or newsworthy, they suddenly become the most popular at the moment. That's where collecting memorabilia starts to pay off. If you happen to have a collectible of that star, that is the time to sell. Look what happens when someone famous makes the headlines. Everybody wants a piece of the action. Same with celebrities that have untimely deaths. It's sad to say, but suddenly their items become worth more now than when they were alive.

There is some extremely high priced memorabilia out there. Memorabilia from famous legends such as Marilyn Monroe, Elvis and John Wayne will always be rare and too expensive for the average collector, but some of the items from the stars of today can be bought quite reasonably.

So start your celebrity memorabilia collection now while you can get some great bargains. Then just sit back and wait for something to happen. It always does. That will be the time to sell your item for nice profit.