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Has anyone ever used this method to make money and if so have you had success with it?

Discussion in 'Making Money' started by johnnyr860, Oct 19, 2014.

  1. johnnyr860

    johnnyr860 Junior Member

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    Alright well the method is pretty straight forward and simple. If you go to DSW and go to the way back of the store they have racks filled with brand name designer shoes that are marked down anywhere from 40- 80% off. I managed to get a designer pair of mens boots that cost $200 original price for free because they were marked down 80% off and I had 2 coupons that said $10 off a purchase of $20 or more and I asked and was told I could use more then 1 coupon on the same pair of boots. The idea is to take these boots or shoes that you buy at DSW and turn around and list them on ebay or similar sites like Amazon but for original price (or if there's too much competition then sell for lesser) then when you deduct what you paid for the shoes plus whatever profit Amazon and Ebay take as commission for your sales the rest is profit.

    I know about this money making method because I saw an article about it posted on ebay explain how it works and how to do it but I have yet to try it. Some people buy wholesale products and do drop shipping so it doesn't have to be DSW shoes it could be other products you get for cheaper online or even from other outlet stores. I was just wondering if anyone has tried any of this and did it work for you? I was just curious before I set out on shoe shopping spree and spend all this money on a method if it doesn't work.
     
  2. JNJSAR

    JNJSAR Newbie

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    That's clever. Unfortunately where I live the coupons can't be used if there's another promotion going on (like an % off). Just for normal prices.
     
  3. markedup

    markedup Newbie

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    It works, it's called reselling or flipping. Lots of videos on YouTube about it. You can also get name brands or just other low cost items at thrift stores, salvation army, maybe garage sales then resell it on eBay. Really depends on how much time you want to spend getting product, listing, packaging etc. Check ebay recently sold section for pricing.
     
  4. back2basics

    back2basics Jr. VIP Jr. VIP Premium Member

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    Yes, flipping stuff for profit works. It is a lot of work, but with good margins it can be easy money. I would do a whole lot more research though. Obviously with stuff going randomly on sale and you buying it results may vary. The smart thing to do would be carry a smart phone around and make sure it makes sense to buy what you're buying, and the flip is worth enough for the trouble. If you buy a pair of boots marked down from $200 to $125 find out later they're going for $99 on amazon, I hope they're your size.
     
  5. HoNeYBiRD

    HoNeYBiRD Jr. VIP Jr. VIP

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    this, sometimes i just buy stuff on the cheap and when it turns out i don't need it/never use it, i just flip it
    just an example: i bought 3 jackets in last summer online RRP $250, they were around 70% off and sold 2 of them for profit in winter, i only buy stuff which can be easily resold if it turns out i don't like it or it's not my size

    it can be very profitable with designer items, even with used items, but that's only if you have some insight how much these items worth and you can spot the fakes
    or you should see the hysteria when a new Supreme collection drops, you can't even buy the items in high demand, because right when it drops people already bought them all, they're using bots and they flip it on ebay for 2-3x RRP, these aren't discounted items though, but they're available only in limited quantity and people want them, so they easily pay 2-3x RRP if it's the only way they can have them

    what you're planning to do is a feasible idea, but always compare the prices of offline stores w/ online stores

    the buy low, sell high business model will never cease to work
     
  6. davids355

    davids355 Jr. VIP Jr. VIP Premium Member

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    Nice method. I think a lot of people do this in the UK as well - buy stuff in sales and then sell it on line at original price.
    Lots of work and not great margins all said and done, but its a good way to make some cash.
     
  7. johnnyr860

    johnnyr860 Junior Member

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    Well thank you all for the replies I just wanted to get an idea so i could see if it was worth the trouble. For those who mentioned about me buying the boots I should clarify this was last winter. It was cold outside and it started to snow like it does every winter here and I needed a new pair of boots for the winter as my old ones were worn out. I saw them marked down 80% from the $200 and found then pretty stylish so I couldn't pass up on the offer to get me some new boots.

    I was just using the boots as an example of what I could do with them if I wanted. At the time I had no idea of this flipping idea it wasn't until recently that I found the article on ebay telling how to do it. The mall here where I live has an outlet coach store that sells coach bags at lower prices. I might actually look into this and see if I would make enough profit to get into this business then but thanks for the responses I always have my phone with me so I can calculate numbers at the store before buying anything.