Sunday, March 8, 2009

On eBay, make money when you BUY

One of the biggest questions eBay sellers often ask is, "where can I get stuff to sell?!?"

That is a whole topic on its own - but one thing that I've learned when looking for stuff to sell is: make money when you buy.

It sounds a little counter-intuitive, but its true. What I mean is, don't bank on making a profit by buying something at a reasonable price, and then hope to sell it for a good price. Rather, look for things that you can buy at a ridiculously low price - then plan to sell them for a reasonable price.

Why? First, your chances of flipping the item quickly are much greater if you can offer it at a reasonable price - which means you can then take the money you had invested and go out and get something else for your inventory. Second, you may still be able to sell that item for a good price, then you make that much more profit.

So, look to make the profit when you buy - it will make getting the money when you sell so much easier.

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