Limited Edition Ebay Flipping
Here’s a couple of older posts on an interesting topic.
Most people know about house flipping. Probably not an easy business right now but the principal is the same for limited edition eBay flipping.
First you buy limited editions of prints or fashion items at a sale – then sell them on eBay for a profit.
Here are a couple of links providing more background.
Online Designer Retail Flipping
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It seems that Items both new and used, are flipped daily on E-bay.
I have a friend named Jos’e from Mexico who came here and found the job market for Mexicans to be less than he thought it would be.
He started buy stuff at yard sales, and thrift shops all over town.
Then he sells the items he buys on E-bay .
He bought a new house, and a new car.
He is simply using the law of supply and demand to his advantage.
to those who would try and control this opportunity buy controlling what goes on with their product AFTER IT HAS BEEN SOLD, you are trying to over step what is moral and right.
The world is mostly capitalist after all, and the value placed on any item for sale is ultimately decided by the end buyer. Dave
There’ll be some people on eBay now that the electronic products ban’s come in that might be glad of this info!
At the end of the ‘A flipping bargain?’ article Amy Oliver asks whether this is okay, and cites an eBay buyer reneging on the sale, in protest. To me it’s just supply and demand, and totally legitimate – if people want to pay up to £255 for a £5 shopping bag… it’s just the cost of being trendy!
Gregg
I’ll have to look into this. I have been an ebay user for a long time, but haven’t really been able to have a successful business from it because the market is already so cheap.
I agree, supply and demand is totally legitimate – if you have an item somebody wants and they are happy with the price you are asking then I see no issue in that as both parties get what they want at the end of the day.
my friend does ebay flipping and its a huge time consumer and you have to keep up with it!
I find stuff on Ebay that is under priced and resell it on Ebay for a profit. Not too hard to do if you have time.
I’ve used this quite successfully myself. It’s really a matter of searching for misspellings and miscategorized items and snagging them at a discount. The risk is that the number of people who’re doing this is increasing and some sellers wising up and ending the auction early.
in general i think this is a pretty tough way to make a living. maybe some extra cash. very time consuming
Flipping is a very good way to make money. There are endless possibilities of doing so on eBay. You can use this technique for websites also. The money you can make, can be used for building your existing business.
Good Post
This is the same thing as selling tickets for higher prices. Yea, no one wants to pay that much for something that they knew was originally cheaper, but true consumers don’t see a price tag for something they want. It’s a nice honest way to make extra money, because like Dave from Bel Air Real Estate first commented, its the end buyer that sets the price.
We are always looking for opportunities to make money on the internet so it goes without saying that we have bought and sold items on ebay. We’ve had some successes, we broke even on some items and then others were just plain flops. We tried vintage ads–a category that generally does well-but for us, it did not work. But we agree that it was our lack of knowledge on what was the best way to market them and such. So flipping I beleive is a GREAT idea but as with anything you do, research, learn and get as much information possible on the how-to and it should work for you.
I am trying to make some money with Ebay too. I buy clothes from thrift stores and sell them for whatever the auction ends at. Admittedly this isn’t the way to riches but since I would be shopping at thift stores anyways at least I can make a small profit.
Nicole
For sure, eBay can be a wonderful marketplace to earn money, however, there’s often a lot of work involved. Putting up auctions, contacting buyers, managing transactions and sending out goods is tough work, and if business really takes off, it can quickly consume every spare moment of your life!
Over work leads to burnout, and burnout leads to not achieving your longterm goals. I know this, because I made similar mistakes early on in my entrepreneurship.
my last eBay venture was purcasing a bunch of rare rap cd’s… Some of those actually sold in the $100′s of $$’s! It was unreal what some of this rare music was worth. Keep it up!
It’s too time-consuming of a way to make a living. Though one can use it to bring some quick cash if one needs it…
Yeah, Ive done some “flipping” of my own. Ive bought things on the clearance rack at walmart and have actually made some decent money from it. But I would agree that it is no way to make a full time living from.
If you can find good buys it could be worth it. If were to buy in bulk and then resell you could make a profit. I expect shipping cost to rise with the price of fuel so this may not be as practical as in the past.
My only thoughts would to be somehow to automate the process, and then scale it. This would be the key to producing some serious income.
Thinking along the lines of some sort of tool that can track various bargains on the internet, purchase, post on ebay all in one automated process..
Now that would be cool.
Something is only worth what someone is willing to pay for it. I really don’t see any morality issues here. People who put their time and effort into selling something shouldn’t be demonized for making a larger %.
Today, with the growing popularity of internet marketing, more people are turning to eBay to start a home based internet business. Anyone who has an item to sell, whether it’s brand new or an old item, can find potential buyers simply by signing-up with eBay and posting his merchandise.
However, there are Some Controversies. Taking Precautions is a must. Find out how with this related article:
“Ebay and Online Marketing”
http://www.homebasedbusinessbo.....eting.html
Hey!! I gave up on the Ebay idea as i found i was about 10 years to late to get any edge!! Tried Drophippers, Wholesalers etc and just cudnt find prices good enough to compete!! Tho Esources.com and Salehoo.com are gd place to start if anyones interested!?!
Ive started buyin/sellin websites!! (I dnt like the word Flipping!) and its paid off!!! I sold my 1st website to Hewlett Packard HP for $4500!!! :-) Im buildin up my 2nd site now, a PR2 Link Directory @ Any1in!! Bought it for £200, gna sell it for £1000 when i get it to PR4/5 :-)
Cheers for a Great Blog
I think there are definitely opportunities in doing this if you put the time in— the market is potentially just so huge, right? Plus, lots of people won’t do it because they think it’s just too much work.
I have found it to be quite easy to participate in eBay flipping. The easiest way to do it is find something that someone didn’t list very well so it appears to be unattractive. Then you do a wonderful listing of the same product. I usually use “Buy It Nows” on the flip sale to ensure a profit.
Hey I found this intresting lens a bout salehoo, if you are intrested check it out!