Copyright 2006 Dennis Watson
I have discovered a plan for making a fast profit using on-line auction sites. Of course the big one is eBay. Be advised that some of these steps require knowledge of products but if you do have a good understanding of a product line and its value you can make some serious money.
In this article I will provide steps on how you should go about implementing this plan. This plan is not for everyone but if you enjoy shopping and flipping products you will have fun and make some money. Start off buying low cost items to test the water. After you feel comfortable go for the more expensive items, this is where you will make the most profits.
Getting Started:
Search for and then sign-up on several on-line action sites.
Scan items of interest and do some research on what items are selling. It is very important that you research the products to ensure that you are getting a fair deal. And watch out for over inflated shipping cost. Many times shipping cost can be negotiable.
Only bid on an item that is to expire in 10 minutes or less, also bid on items that have not received any bids and are due to expire. And only if those items meet the criteria mentioned before.
Place your bid and in most cases you will win the auction.
Purchasing: After purchasing the item tell the seller that you need to wait 7-10 days before you receive the item. Most of the times you will not need to give an excuse why but if you do tell them it's a gift and you do not want the recipient to see it. After you have resold the item send the original seller your buyer's address for shipping. If you are not comfortable with this approach, go ahead and have the item sent to you first. This will indeed cause more work on your part.
Re-selling (Flipping): Using the same information in the original seller's ad, repost the item back on the auction site. By now the item has received a few interested buyers from the prior sellers marketing and you may get the person you out bid to place a higher bid right from the start. Be sure to price the item at the price you paid for it plus add auction fees.
In Conclusion: Now there are some risks in doing this. You have not seen the item and this could cause you to reimburse the buyer if the item is in bad shape. Also, you risk over paying for an item causing you to take a loss. Also, the seller may not want to wait in sending the item to you, which will cause a little more work for you. The good side to that is you will be able to inspect the item before shipping it to the next buyer. I usually bid on hard to find dishware or specialty items like, The Pampered Chef, Candle-lite, and Stampin' Up!, the options are endless. Give it a try, start off slow and buy low cost items at first. Good luck!
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Dennis Watson has been helping others promote their products or services for years through his Free Classifieds website =>
http://www.zeoh.com/
