Passive Earners » amazon http://passiveearners.com Get Rich with Passive Income Streams Wed, 02 Nov 2011 17:36:18 +0000 en hourly 1 http://wordpress.org/?v=3.3.1 Bitter Lessons in Selling and Real Profit http://passiveearners.com/bitter-lessons-in-selling-and-real-profit/ http://passiveearners.com/bitter-lessons-in-selling-and-real-profit/#comments Fri, 16 May 2008 18:08:36 +0000 admin http://passiveearners.com/bitter-lessons-in-selling-and-real-profit/ Or what I’ve Learned on eBay/Amazon this week. I managed to get hold of 10 Wii Fits at £70 each which I sold practically instantly on Amazon for about £115. Sounds good huh? Well it cost me about £15 each to post them, plus I had Amazon fees. My final profit was hardly worth it.  I have also started to import a DVD set for about £7 which I can easily sell for nearly £13; however same sad result when I add all my costs. I guess that’s business, just shows you how big your margins have to be.

I did however learn how to pack large objects. I ended up using those large black bin liner sacks to wrap the Wiis up in and then sealed them in with lots of brown tape.

]]> http://passiveearners.com/bitter-lessons-in-selling-and-real-profit/feed/ 0 Ways to Make Money on EBay http://passiveearners.com/ways-to-make-money-on-ebay/ http://passiveearners.com/ways-to-make-money-on-ebay/#comments Tue, 15 Apr 2008 16:53:55 +0000 admin http://passiveearners.com/ways-to-make-money-on-ebay/ I keep coming back to Ebay. Usually eBay is a Buyers Market ie favors the Buyer so I look for cheap items on eBay to resell on Amazon etc. So how to spot bargains and why do they exist?

  • Poorly listed: Poor description, no photos and in the wrong category
  • How To: Train yourself to look for these, to look at the easy to ignore listings!
  • Bad Timing: Auctions that terminate at a bad time eg early in the morning
  • How To: Use a SniperProgram to program a LAST MINUTE Bid such as http://www.justsnipe.com/
  • Misspelt: This is very bad for the seller as most items are found by searching for say blackberry (so blackbery has no chance)
  • How To: Use a Misspelling website such as http://www.fatfingers.co.uk/
  • Unlucky: some good items just don’t get bids (Ironically items with lots of bids attract other bidders)
  • How To: Keep WatchingAuctions Ending Soon
  • Low Buy-It-Now (BIN): Some people don’t understand BINs and use them as a kind of Minimum Price
  • How To: Search for Newly Listed Items

You can only do this for a limited number of items where you know their actual value, and you need to know that the items are easy to resell. Then you have to scan eBay frequentlyuntil you spot an opportunity!

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