FistFullOfCash
Regular Member
- Apr 15, 2019
- 477
- 224
This one isnt overcomplicated but really you should know the market of what you are buying/selling. Like these Pokemon came up today on a Marketplace app, 2 sealed Pokemon Battle Figure packs for $4.50, plus shipping. Used a coupon to cover the whole order basically except like $0.18 cents. I could easily retail these out $10 each perhaps.
Heres how it went down.. Get the market price of what you plan to resell, a new sealed Pokemon maybe sells fast for $10, certain ones are more sought after than others. But what I mean to say here is, learn a few product niche(s) and get a handle of prices. I have been on Chronos24 App for a long time and still am not comfortable buying & selling watches, but if I spend enough time reading listings and learning then itll be fine down the road. Lots of markets, choose a couple to source from, but have a couple ones to offload product on.
So what I did was I was on Mercari and used a keyword, then sorted lowest to highest with some criteria. Its rare to get to work with these low ticket items because shipping eats up like $6-7, remember that. What I used to do was do this arbitrage stuff on VeVe marketplace because there it was digital goods, but they changed owners and KYC kinda ruined transfers. Then on AliExpress I saw they had a coupon too and I got another Battle Figure for like $1 total.
There will always be people who try to unload perfectly good stuff because they are misinformed, dont care, are lazy, mistake the spelling or trying to make room for other inventory. No matter what the reason, take the opportunity before someone else does. This probably works better with items over $35. I would stay away from used/refurbished....
I was inspired to try.. because of the boy who traded a paperclip on Craigslist into a Porsche.
Heres how it went down.. Get the market price of what you plan to resell, a new sealed Pokemon maybe sells fast for $10, certain ones are more sought after than others. But what I mean to say here is, learn a few product niche(s) and get a handle of prices. I have been on Chronos24 App for a long time and still am not comfortable buying & selling watches, but if I spend enough time reading listings and learning then itll be fine down the road. Lots of markets, choose a couple to source from, but have a couple ones to offload product on.
So what I did was I was on Mercari and used a keyword, then sorted lowest to highest with some criteria. Its rare to get to work with these low ticket items because shipping eats up like $6-7, remember that. What I used to do was do this arbitrage stuff on VeVe marketplace because there it was digital goods, but they changed owners and KYC kinda ruined transfers. Then on AliExpress I saw they had a coupon too and I got another Battle Figure for like $1 total.
There will always be people who try to unload perfectly good stuff because they are misinformed, dont care, are lazy, mistake the spelling or trying to make room for other inventory. No matter what the reason, take the opportunity before someone else does. This probably works better with items over $35. I would stay away from used/refurbished....
I was inspired to try.. because of the boy who traded a paperclip on Craigslist into a Porsche.
