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How to make $1000-$3000 per week on eBay, Amazon, CL or in your community -Good for noobs

Discussion in 'Making Money' started by ran60616, Mar 7, 2013.

  1. ran60616

    ran60616 Regular Member

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    (Note: this is a common method - just sharing my experience, source, and tips).

    Okay, so wanted to share this method I used during my early stages into selling on eBay, online & within my community. I don't sell on eBay much or any other platforms now (my partner does that part for me), since I'm almost done putting finishing touches on my offline business - buying wholesale and selling for profit (In Asia).

    I started my selling journey in late 07'/early 08' freshman year in college, by the end of the first year I was making about $1000 per week, mostly selling stuff in college (community), CL and on eBay. But I had to list so many different items (including replica's etc., you guys no the game) to make that amount. Really wanted to find a 'legit' legal way to sell 'quality' items, but also wanted to sell stuff that could get me a good margin so I can bank the $1k per week 'guaranteed' and also to take it to another level hitting $3k per week. I partnered with my college roommate and used my current savings and his money to buy quality items to sell for profit. While we found many different 'sources', I will just share 'one' source that anyone can use (from noobs, to current ebay sellers, etc.) to bank between $1k - $3k per week, FOR A START!

    Let's get to business now...

    Note: This will work for US members only, since the 'source' I will be listing later is only available in the US. However, if you guys can find a similar 'source' in your country, this can be done without an issue.

    First, you don't have to sell on eBay, Amazon alone to make this work and make $1-$3k. Like I mentioned I sold items within my college community, both to students and outsiders - by using Craigslist and my college selling portal (items moved fast, no selling fees, shipping cost, plus my items are 100% legit and legal, so not many issues). This method is what got me to start my own offline business today, since it's way profitable for me:). Therefore I highly recommend you guys to sell within your community using CL, local ads, etc. to start with!

    Ok so the 'source' (Just one of many I used) was 'Sam's club'. No, I didn't buy from the store or wait for a 'sale'. I used there 'online auction page'. I know some of you might be like 'okay now', but it worked pretty well for me to bank hard. The deal is, they auction all the 'overstock' items, 'customer returns for exchange' items before sending them off for liquidation, etc., so that they can still make a reasonable amount rather than giving it away for dirt cheap. Honestly, I had no idea they had an auction page listed online (I'm sure for many here at BHW, this is a first too).

    Items are all brand new with original packaging, 30 day returns and start's at $1 (all items).

    Auction page link
    Code:
    http://auctions.samsclub.com/?selectedTab=auctions&iid=Auctions|3PMainNav|Auctions
    So obviously, you need to be a Sam's Club member to register and bid online. (It's pretty easy to get one or simply use a friends member ID to register online and buy items, I'm not going to spoon feed you on this)

    Example:

    Check out this Samsung TV that sold today for $332 (plus shipping) and the same TV goes for $528 on Amazon (lowest price). Found the same TV selling for over $600+ on other sites. So let's just say after shipping it cost you $400, you can still bank $100 plus online OR even more selling 'locally'.

    Sam's club item.png

    amazon product.png


    This was just an example, there are so many different 'low cost' items listed every day starting at $1, go check them out and find good deals. This same TV went for less than $300 a few days ago. Bid at the right time for the right price and you will have a damn good deal waiting to be sold for profit.

    When I started, soon after I won a good deal, I posted the item on eBay, CL and within my community all for a fixed price. And sold it for the best offer later. All the big, heavy items (like some TV's bought later on after making good money), I pushed them hard locally to profit more and save on shipping. So if you're buying pricy items, go for laptops, monitors, etc. since shipping won't cost you a whole lot like a TV would. 'Home appliances' moved very fast locally.

    Also listing them ASAP and selling them quick gave me leverage to use the '30 day return' option. I gave all my customers the option of a return 'if the product is not functioning, broken on delivery, etc' (good way to get them to buy your item asap). Sam's club ships small items within 4 days and large items within 8 days max, and the 30 day return start's from the day you actually receive the item to your mailing address. By this time I have already got a few offers from buyers online & offline. So most items I shipped and sold soon as I got them on mail. Therefore, this part needs some hard work if you want to 'leverage' the '30 day return' option for your buyers (very good option, if you're selling pricy stuff). But you don't have to push that hard, and still sell it with a 7,10 or 14 day return option.

    ** I didn't have any issues with the items I won on Sam's Club. (Did have a few issues from other 'sources' though, which is why I decided to only share this one). All happy customers! However, if you run-in to an issue, you have to call them and report for returns with your membership ID and invoice information to get details on how to return.
    ** Some items have manufacturer warranties as well, your buyer can use that to deal with any issues later on.

    That was pretty much what I did junior & senior year in college through multiple sources (I only worked during my freshman year in college, because i was making enough money selling stuff online/offline). I know people might ask why not drop-ship or buy wholesale and save the trouble. Because I didn't want to get scammed or get fake items from some Chinese dude and go through customer complaints, bans, etc. This was all experimental for me and I learned the ins and outs of the business (Took a smart calculated risk with my hard earned college money). A great learning curve that changed my life for that matter. Now I have the money and experience to handle bigger stuff, only buy wholesale lots, sell locally and bank on them. Always looking for quality wholesalers :). I will be adding my own e-shop soon as well, and want to thank BHW for providing a wealth of information on how to start a website, do SEO and make money on that side!

    Hope this information will help you all to start now and take action, add your own twist to it, and go make $$$$. Have any questions? Feel free to ask...
     
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  2. jornser

    jornser Junior Member

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    nice share,thank,maybe i will try!!!!
     
  3. seolean

    seolean BANNED BANNED

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    That's good idea we will try ...Thxx
     
  4. gaabrielz

    gaabrielz Registered Member

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    That is good information there.
    I never heard of Sam's Club before and have no idea how I could get a membership ID but I will look that up ;).
    I'm sure there a lot of other websites where we can have great auction deals and do things like this, it would probably be a better idea to use them since there will be more competition on Sam's Club auctions now !
     
  5. PinkDiamond

    PinkDiamond Regular Member

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    Looks solid method, I'm going to try this method in couple of days..
     
  6. ran60616

    ran60616 Regular Member

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    Yes, there are a few good one's out there, and I'm sure people outside the US can also find 'sources' like this too. And you're completely right on the competition thing, items used to go for dirt cheap a few years back. Now you see more people using it, but if you bid on the right time, you can get good steals. Good luck!
     
    Last edited: Mar 7, 2013
  7. gaabrielz

    gaabrielz Registered Member

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    Do you think this could be automated ?
    I mean, having a bot that will check for ending in 10 seconds or so on certain criteria (price lower than x, product categories, etc..). It could popup to ask you if you are sure you want to bid on that product - auction ending in x seconds. Or just place the bid, but I would make sure it does not buy crap at first hehe.

    Actually I'm pretty sure this can be automated, my question is more, did you notice some last seconds buyer that seems to do this already ?
     
  8. ehinoze

    ehinoze Power Member

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    What ba great idea from you man.
    i will look for non u.s
    sources
     
  9. ran60616

    ran60616 Regular Member

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    Good idea, never thought about it. I'm sure someone good at that work can get a bot to work. Did I notice? no and honestly I didn't see many people 'competing' like on eBay to bid at last seconds. Sometimes on TV's and laptop's people jump on and bid to the max. they can offer (because it's sure is a good deal on the site), but all the small items just give or take bids. Mainly because only a few people use the site. I have noticed most items end at lower than 30 total bids (in which it could have been the same person bidding more than once to win).
     
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  10. mo_mo

    mo_mo Newbie

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    never knew about the auction site for sam's club, this is crazy. I just checked out the site, the prices are awesome dude. Thanks for the share, definitely getting on this one!
     
  11. honda809

    honda809 Newbie

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    This method is great. Selling on CL is a Win Win situation. Most buyers on CL are not familiar with these sources and will buy anything 50 bucks cheaper than retail any day.
     
  12. ran60616

    ran60616 Regular Member

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    Thanks! and yes, many people on CL would grab a steal since it's locally available to go check and pay money. And if you're selling a 100% legit item at a 'competitive price', it will 'sell'. It cuts the time on waiting for the shipment and also helps to test the product soon with the ability to return it quick if something is wrong.
     
  13. MichaelW

    MichaelW Registered Member

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    This is not good
     
  14. ran60616

    ran60616 Regular Member

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    Yes it is, but honestly I never ran into this issue (once for a laptop I was trying to buy, I got outbid twice, but it was for a proxy bid someone bid and left, so I just bid the max. i'm willing to put and that was the winning bid). The same item is up for auctions ending at a later time for the most case, since not many people actually use this site and most members usually get what they want for the max. amount of $$ they have and willing to go for an item.
     
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  15. radiant13

    radiant13 Power Member

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    Helluva post there, op, thanks and repped.
    First item I look at was a Canon A4000 camera, minimum bid $88, selling on Amazon for $99 shipped. Guess not everything is a great deal on there. Will have to look into this some more.
     
  16. antichrist

    antichrist Jr. VIP Jr. VIP

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    I used to work at sams club the day before I went to college. Never knew about this online thing though. I will give it a look in my town. Thanks OP!
     
  17. ran60616

    ran60616 Regular Member

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    Thanks man. haha yeah, there are more people using the site now, when it started it was a walk in the park. Now the catch is to look for auctions ending at odd times (when people are not online). So timing is everything to get a good deal. (They have a proxy bidding option, where you can bid for an item at the max. you want it for, if it's ending at an odd time, etc.).
     
  18. repoh31

    repoh31 Newbie

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    I like your story a lot, very inspiring. Can you help me do that method here in my country sir? Philippines. pls pm me sir if you can or give some idea. thanks in advance
     
  19. ran60616

    ran60616 Regular Member

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    Thanks. Like i mentioned, you will have to find a 'source' like the one i mentioned in your country and you can follow the same method or put your own twist to it.

    I'm not sure if Philippines have any 'sources' similar to sam's club etc. I'm opening a small offline shop in Asia soon, so in my opinion the best option for you is to find good deals in your local bazaar (local market) and sell them at a profit on a local classified website in your country. 'The key is to find people (suppliers) who sell wholesale items at lower prices! '
     
  20. ran60616

    ran60616 Regular Member

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    I just checked the sam's club auction site now, and wanted to share this deal that ended.

    SC.png amazon price.png



    This TV just went for $321 on sam's club auction (after shipping, let's say $420), which sells for between $630-$660 on amazon. You're looking at a $200-240 profit if you sell it 'locally' (without selling fees, shipping cost, etc. on CL, local classified or any other way you like). If you choose to sell on amazon or ebay after fees you can still bag about $150+