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Reselling iPhone cables worth the time?

Discussion in 'Making Money' started by BMG92, Mar 24, 2013.

  1. BMG92

    BMG92 Newbie

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    Is this venture worth doing? From what I can tell, I can buy around cables for around $1.10 each, would have to buy like 200 of them at this price, and they sell on eBay and Amazon from anywhere to 3-6 dollars. Also, the market seems very competitive as there are a lot of people doing it, but the demand seems to be pretty big as well.

    I think the part that will kill most of the profit is shipping. Ideally,could anyone more experienced than I please estimate roughly how much would I be spending to ship each cable?

    Thanks for your time.
     
  2. MrLucky1985

    MrLucky1985 BANNED BANNED

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    The thing you have to think about selling on eBay is the final fee they will take and then the PayPal fee and put all that together and see if it is worth your while.
     
  3. Furious George

    Furious George Supreme Member Premium Member

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    I messed with selling USB cables for 99 cents shipping cost only, and no reserve on the auction. Of course, I was paying 2 cents a piece.
     
  4. mickyfu

    mickyfu Jr. VIP Jr. VIP Premium Member

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    Personally, I doubt it would be worth all the hassle. Like mentioned above, it is not just the postage but also the scandalous charges from Paypal and Ebay.
     
  5. DFernandezCDS

    DFernandezCDS Junior Member Premium Member

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    Selling anything iPhone is a great way to make money. Just comes down to profit margins just like anything else you do to make an income.
     
  6. BMG92

    BMG92 Newbie

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    Thing is, even if I make a profit after all is said and done, can I even compete in getting the product out when there are powersellers with tons of feedback? Maybe I could try Amazon.
     
  7. Lazlo1967

    Lazlo1967 Junior Member

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    There is virtually no profit margin on these after you pay the fees. You cannot really make it up on shipping (especially on Amazon where they control the shipping). Consumer electronics is a very tough industry with very thin (less than 5%) margins even for big companies.
     
  8. MrLucky1985

    MrLucky1985 BANNED BANNED

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    Don't let Powersellers knock you down. Just offer something they are not. Buy one get one free (But obviously make up the cost). I had the same fears when I was selling product keys Vs Power Sellers. I added my own twists and got about 10 orders per day and $5 a pop :)
     
  9. BMG92

    BMG92 Newbie

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    I guess I could try a buy one get one promotion, and I could probably compete with the two cables market. The only issue is to get some of these good prices around a doller per cable, I'll have to order a 100 of them. Should I have an issue selling all of these, considering the saturation and how much feedback I have?