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Hey guys, I recently bought a lot of a particular product, it's an as seen ...
  1. #1
    danielgb123's Avatar
    danielgb123 is offline Regular Member
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    Default Advice on selling this product

    Hey guys,

    I recently bought a lot of a particular product, it's an as seen on TV; sorry I cannot disclose right now.

    I bought this product off one of those daily deals sites; they were selling really low; and there is a potential to resell and make $60+ per resale. These ARE NOT copies, they are original.

    I have ordered 17, they will be shipped with the next 1-2 weeks.

    My questions are the following:
    1) Am I fine to sell on both eBay and Gumtree? There are a number of sellers selling right now, many have sold 20+; will I face any issues from either eBay or the actual company?

    2) Can I face anything more than a banned account/warning for this? As I said, they are 100% legit, not copies; I will simply be reselling them (bought for around $50, selling for $125+).

    3) Am I better off doing local pickup as opposed to shipping? There shouldn't be any issues with customs if they are legit, right?

    Thanks!

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    alexaassassin is offline Junior Member
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    Default Re: Advice on selling this product

    If you are SURE they are real
    then the only issue you'd face is
    if you used the company's copyrighted promo images
    but I'd figure they would not even care about that.
    "Please can there be nuclear war this year"

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    Default Re: Advice on selling this product

    Thanks for the quick reply.

    There was a huge promotion of this product, it'll sell like hot cakes over the Christmas season.

    I am 100% they are real, no copies; bought from this site before and it is legit; they sell legit products.

    Gumtree profit (local pickup method)
    Sell: $120
    Buy: $65
    = $55 profit

    eBay profit (shipping method)
    Sell: $99 + $25 shipping
    Buy: $65
    Paypal + eBay fees: ~$10
    Profit = $99 - $65 - $10 = $24

    Obviously advertising to a smaller market (local) using Gumtree, but a lot better profit to be made and no fees as I get the money in cash.

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    T1001059 is offline Newbies
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    Default Re: Advice on selling this product

    I don't think people would take you seriously in Gumtree.

    If it's not luxury brand name, you can list as much as you want in ebay. However it would depends on your feedback point. I think more than 50 would be fine.

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    danielgb123's Avatar
    danielgb123 is offline Regular Member
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    Default Re: Advice on selling this product

    Quote Originally Posted by T1001059 View Post
    I don't think people would take you seriously in Gumtree.

    If it's not luxury brand name, you can list as much as you want in ebay. However it would depends on your feedback point. I think more than 50 would be fine.
    We'll just have to see.

    If I can sell through Gumtree I'm looking at a far better profit than through eBay.

    Luxury meaning? It's an as seen on tv promo deal, selling a particular product.

    I've got 90 feedback, so that'll be sweet.

    Thanks

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    Default Re: Advice on selling this product

    but what's products???

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    Default Re: Advice on selling this product

    Just an update guys:

    I have received all 17 of my product.

    I have now sold 9, at a profit margin of $20-$35; I have sold 1 via Gumtree, the others through 2 ads I have up on eBay; one is a featured listing ($50).

    Working on an average profit of $27 per product, deducting eBay listing fees, I will make a profit of $350-$400 for the weeks work; not too bad.

    Edit 2 more sold:
    ----------------

    fees - $0
    shipping $30
    bought - $65

    sold - $100
    shipping - $30

    proft - $35

    ----------------------

    fees - $10
    shipping $15
    bought - $65

    sold - $105
    shipping - $30

    profit - $45
    Last edited by danielgb123; 12-21-2011 at 02:33 AM.

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    begrie is offline Newbies
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    Default Re: Advice on selling this product

    wahh congratz m8

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    [mcr] is offline Newbies
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    Default Re: Advice on selling this product

    Why can't you disclose what the product is? Is it against the rules of the forum?

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    begrie is offline Newbies
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    Default Re: Advice on selling this product

    Quote Originally Posted by [mcr] View Post
    Why can't you disclose what the product is? Is it against the rules of the forum?
    nope its the niche m8.. the items he/she selling is pretty hot so s/h dont want to share it here.
    Same as me if i find anything hot :P wont bother to share it

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    Default Re: Advice on selling this product

    Quote Originally Posted by begrie View Post
    nope its the niche m8.. the items he/she selling is pretty hot so s/h dont want to share it here.
    Same as me if i find anything hot :P wont bother to share it
    Exactly this, I will disclose however once I am sold out - let's just say thinking outside the box works, don't follow methods exactly; apply twists and you can make some quick money - ESPECIALLY around holiday season.

    Sold 2 more today and will have another sold tomorrow:

    -------------------------------

    fees - $10
    shippping - $0
    bought - $65

    sold - $109
    shipping - $0

    profit - $34

    -------------------------------

    fees - $10
    shippping - $25
    bought - $65

    sold - $105
    shipping - $30

    profit - $35

    -------------------------------

    (tomorrow)
    fees - $0
    shippping - $0
    bought - $65

    sold - $109
    shipping - $0

    profit - $44

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