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How To - Start making money on eBay with £0 investment - Gadget Flipping!

Discussion in 'Ebay' started by MeBeSte, Feb 26, 2013.

  1. MeBeSte

    MeBeSte Newbie

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    Hi, this is my second post so I decided to once again share something useful.

    If you have no capital but really want to start earning some money than you should consider Gadget Flipping.

    What do you need?

    eBay Account
    PayPal Account
    Email Address
    Research

    This method involves drop shipping. With the public being your supplier and eBayers being your customers.

    An example would be to find a cheap brand new iPhone on Gumtree/Craigs list for £400. You would than list this item on eBay for a 1 day auction and make £500.

    PayPal now has instant withdrawal for most accounts so withdraw to your bank, go pick up the iPhone, pop to the post office and voila! Your first bit of profit.

    The key to getting this right is knowing the amount of money the items fetch on eBay, working out your fees from that than buying at a decent price.

    Research more products, rinse and repeat!
    MeBeSte :yield:
     
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    Last edited: Feb 26, 2013
  2. ran60616

    ran60616 Regular Member

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    Good share. This method is been done by so many people, you just have to make sure that the item on Craigslist or whatever is legit if your "drop-shipping" using the public. If your buyer get's some fake item through them, it's a easy ban for your account.

    Also, if it's drop-shipping through the public as your supplier. You do not need to go to the post office and ship it yourself. I guess you typed that as an error?

    Even-though that would be a safer method, because now you would know if the iPhone or whatever is legit before you ship it to your buyer. This would then be called a re-sale business on eBay!
     
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  3. MeBeSte

    MeBeSte Newbie

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    Thanks for your response.

    This would be more suited to selling online but buying in public so you see before you buy and shipping yourself or it could also be done by paying them via PayPal and they ship straight to your customer.

    In regards to them receiving fake items etc it wouldn't be a problem, if someone does a charge back to you as the item was fake, you do a charge back to the sender as the item was fake.

    Everyone is protected and there is nothing shady about this method.

    Yes re-sale more than drop-shipping with the possibility to drop-ship as and when you can.
     
  4. ReALeST

    ReALeST Power Member

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    Perfect method for guys starting out.Acting as a middleman is one of the best and easieast ways to bank some good $$.This method also applies to digital prodcucts as well such as buying services on fivver and flipping them on ebay or other e-commerce sites.Great share op!:D
     
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  5. #instagram

    #instagram Newbie

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    Are there any websites that you would suggest that have fair market value of different models of phones/mp3 ect. for this purpose?
     
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  6. Ramus313

    Ramus313 Power Member

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    I think the profit margin would be very low due to the fact that the technology niche is very saturated (especially on ebay). This method is applicable to a lot of different niches though, so thanks for the share!
     
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  7. MeBeSte

    MeBeSte Newbie

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    Gumtree UK and Craiglist USA.

    Basically many people desperate to sell phones etc for low cash on classified sites.

    When the iPhone 5 first came out and I looked into this there was a nice £100 profit margin in it buying on Gumtree and selling on eBay at the right time for the right price minus £50 ish for postage, eBay and PayPal fees.

    Its not solid but if you sold an iPhone and a Galaxy S3 each day than there is money to be made!
     
  8. MeBeSte

    MeBeSte Newbie

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    As I explained in my previous post, profit margins are there.

    If you sell a £500 phone on eBay but only make a 10% overall return and sell 2 a day than that is bank!
     
  9. aartisarkar

    aartisarkar Registered Member

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    great idea of making some quick money. thanks for sharing
     
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  10. DougG79

    DougG79 Regular Member

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    What do you do if the item on CL is sold to someone else or is not what you sold?
     
  11. MeBeSte

    MeBeSte Newbie

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    List new unlocked items only and you will find another seller.
     
  12. mo_mo

    mo_mo Newbie

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    this is a guarantee method to get some quick dollar, if you do it right. perfect for noobs starting off with ebay, amazon, etc. Old school method that stills works.
     
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  13. rwalker29

    rwalker29 BANNED BANNED

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    this is just for people with little hope of making income
     
  14. MeBeSte

    MeBeSte Newbie

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    I disagree, this is a lucrative drop-shipping or as another poster said re-sale opportunity available to anyone willing to take the risks with easy to sell, high value products.

    :)
     
  15. anatho

    anatho Elite Member

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    Basically, a very good idea, however there are also some downsides.
    1. You are using an unknown "dropshipper" (the person you are buying from on CL or Gumtree). So what if he does not send what you
    ordered (e.g. he sells as new but it is used) or even he does not send anything? Ok, you can do a chargeback, however, negative feedback
    on eBay will be sure .....
    2. You have to specify on eBay how you will send it and how long it will take. What if he says he sends it next day but sends it next week?
    Your buyer will be very unhappy, again negative feedback.
    3. Fees on eBay are very high. It will take you much time to find an item to make a decent profit after fees. Nobody gives away phones etc.
    on Gumtree, and prices on eBay are already the lowest on the market, so quite hard to compete with.
     
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  16. planetadam

    planetadam Newbie

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    Good method however I see one major obstacle. The person initially selling the phone is likely to have purchased it on a contract. If said person then stops paying the contract you will get problems with whomever you sold the phone to on ebay as the phone would have now been blocked. At this point you no longer would be able to recover your money off the initial gumtree or craigslist seller.

    This is a common occurrence in the UK and taking that occasional £400-£500 hit quickly kills profits.
     
  17. stancecity

    stancecity Newbie

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    good idea
     
  18. Tayebamo

    Tayebamo Newbie

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    good Method i like it but please you say with 0$ investement but how u will buy the iphone from Gumtree to send it to buyer from ebay if u didn't pay the price of iphone to the seller i think it's necessary to have money to buy the item from gumtree when u find a buyer in Ebay ????
     
  19. Known

    Known Regular Member

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    erryday I'm hustlin
     
  20. Tayebamo

    Tayebamo Newbie

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    Good Idea , but Please you say that we can start with 0$ investement but i have to buy the iphone from Gumtree with my money when someone from Ebay wanna buy it so i need to have some money to use this method can anyone answer me thank you ??