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Posts Tagged ‘eBay’

  1. ar·bi·trage
noun /ˈärbiˌträZH/

  1. The simultaneous buying and selling of securities, currency, or commodities in different markets or in derivative forms in order to take advantage of differing prices for the same asset

I have sold on eBay on and off for a long time now.  I don’t consider myself an expert but I have learned quite a bit over the past 9 years. One of the things I have heard about over and over again, while researching what I should sell on eBay, is arbitrage.

As the definition above suggests….arbitrage is the simultaneous buying of one item at a low price and then turning around and selling that same item somewhere else for a profit.

I have been very interested in trying this out for awhile now and I have decided that now might just be a good time to try it.  There are several ways that you can use this technique and I will list them below…..but basically ANYWHERE you can find a bargain on something that others want….you can have the perfect opportunity for arbitrage.

If you Google eBay arbitrage you will find a slew of articles on how to find bargains on eBay itself and then turn around and sell them back on eBay for a profit.

One way to do this is to look for misprinted key words in the title of listings.  If someone has listed an item with a misspelled key word it will not show up when a buyer puts that key word into the search box.  If it doesn’t show up it can’t be bought.  This can be an opportunity for you to swoop in and pick it up for a song.  A really great website that can help you with this technique is called Fat Fingers http://fatfingers.com/ .  With this site you can enter the name of what you are looking for and it will bring up the actual listings in eBay that are misspelled.

Another way to find items to buy and sell for a profit is to look for auctions that are ending in the middle of the night or the wee hours of the morning.  What a lot of sellers on eBay don’t think about when they are listing their items is when their auctions will end.  They will get on their computers late at night and start listing items that will end at the same time in 3, 7 or 10 days.  The numbers of sellers listing at night far outweigh the number of buyers buying at those hours.

You can also look for auctions of items, that you know would sell for a great profit on eBay, that are not getting any bids because of something wrong with their listing.  Either they took a horrible picture, or they didn’t take enough pictures to really show it off well enough, or maybe they could have done something to the item such as clean it up a little.  If you know you can do a better job at listing this item and getting it sold for a profit it might just be worth the risk.

One last way of finding bargains for arbitrage is looking for items that are selling as a lot (a “lot” is when several items are sold all together in a bunch) but would sell for much more money if they were broken up and sold individually.  One great example of this is from one of my favorite eBay/Amazon gurus Skip McGrath.  I get his email newsletter bimonthly and I keep everyone of them to reread over and over again.  If you are interested in subscribing to the newsletter here is the link http://skipmcgrath.com/newsletters/  In his email newsletters Skip will sometimes have a “Niche of the Month” article.  One of these articles was about selling Starbucks mugs.  He spoke about how you could find a lot of Starbucks mugs for a bargain, break them up and then resell them individually for a profit.  Here is the link to that article if you want to read it for yourself.  http://skipmcgrath.com/newsletters/current.shtml#four

There are other ways, besides finding deals on eBay, to use the arbitrage technique.  You can find bargains everywhere you go!

Yesterday I was at Big Lots and found Nutristystem food items on sale 3 for a $1 or .33 cents each.  I happen to know that nutrition and weight loss products are big sellers on eBay so I looked it up…..those same Nutrisystem food items were selling for $1-2/piece on eBay!!

How about your local pharmacy, CVS or Walgreens?  I read a story one time (it might have been in Skip’s newsletter again I can’t remember) about a guy who was at his local Walgreens and found that a big name men’s razors were on sale for $7.  Now everyone who shaves knows how ridiculously expensive razors can be.  He quickly looked it up on Amazon to see how much they were selling for…..$30 bucks each!!!  You can bet he snatched those up!

It doesn’t have to be big ticket items and it doesn’t have to be electronics or expensive toys.  The littlest thing can bring you big profits!  While I was doing research for the Nutrisystem items I decided to look into beauty products, since they carry a lot of that at Big Lots, and I stumbled upon hair dye.  What I found there surprised me and I will be making another trip to Big Lots soon.

Use your imagination.  What do you buy that is horrifically expensive that you would buy up in a heartbeat at a cheaper price on eBay??  Chances are someone else is looking for that same item.

Or how about those fun outlet stores???  There are a lot of women out there who are making a killing buying designer clothing and accessories at outlet stores and reselling on eBay.  This too is considered arbitrage.

What about you crazy extreme coupon people out there???  And Seasonal Sales…..the list can go on and on and on.

These are just a few ideas to get you started on your way to arbitraging your little heart out.  Keep your eyes open and the next time you see something that you just know is a killer deal……look it up on eBay and see how well it is selling…..you might just have a great arbitrage item!

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God is Laughing

I love the saying by Woody Allen “If you want to make God laugh, tell him about your plans”.  And boy is he laughing at me this week!!!

My plans were to leave tomorrow for Nashville but I’ve had a slight bump in the road.

Sunday morning, about 2:30 a.m., after my wonderful Saturday night date I had to make a mad dash from the van to my mom’s house for the bathroom.  I spent the rest of Sunday laid up on the couch within easy access of the bathroom.  Today I’m not feeling so great yet.

Then on top of that….the friend that I was going to visit in Nashville is now coming here to Virginia for the weekend…..sigh……

So now I will wait till next Monday to leave for my trip.

It is probably for the best honestly.  I need to spend some undistracted time working on making some money.  I have come across several “work from home”, virtual type jobs that I’m really interested in looking into and I have finally gotten my website to the point where I can start advertising and listing it on Virtual Assistant Sites.

One of my favorite, favorite websites is a site called The Rat Race Rebellion.  I have known about this site for a very long time and it’s been recommended to me several times by people I trust.  It is a site that researches work at home, virtual, telecommute job listings for scams and then lists the ones that are reliable.  Lately I signed up for the daily email that sends out new job listings and have come across several listings that I am interested in.  I thought I would pass them along for any of you who might also be interested in these types of openings……

www.wegolook.com – this is a site that sends out “lookers” to check out items that a consumer might want to buy on line.  For example if you wanted to buy a car on eBay that is in a different state from you and you were not able to look at it in person you could have this company send out a “looker” to check it out for you, take pictures and generally make sure it is not a scam.

www.cloudcrowd.com  – this company will take projects from companies and break them down into smaller tasks and then farm them out to people who work from home.

www.leapforceathome.com – with Leapforce you can sign up to become an “agent”.  The information on what you actually do is pretty vague so I’m not real sure about this company but from what I gather “agents” do analytical research online to see how companies are ranking on the internet.  You do have to take an exam and apparently if you fail it…..you don’t get to retake it.

www.getsetservices.com – this is not really a work from home position but it is one that I’m interested in because the openings are all over the states and you can travel to them, complete the job and then move on.  Get Set Services is a merchandising company who provides set ups for brand new stores.  For example…..if there is a brand new WalMart opening in Texas, I can apply for the position, travel to Texas help merchandise (put new products on the shelves and racks) the new store and then move on to the next store in a new state…..if I want to.

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So I found out on Friday that I am going to have to leave my apartment two and a half weeks earlier than I previously thought.  This is a good news/bad news situation!  Good news because, as my mom so aptly pointed out, this will give me the motivation I’ve been lacking!  I do seem to pull it together and get things done more efficiently when I have a deadline looming.  The bad news of course is that I now have 2.5 LESS weeks to get my crap in order!

So now I have three weeks left to really step it up.  I have been slowly going through all of my belongings.  A lot of it is gone….I’m basically camping in my apartment at this point.  I still have a few pieces of furniture to sell and lots of stuff to put on eBay.  My goal is to be able to move the tiny little bit of stuff that I have left in my mom’s mini van….that is how little will be left.

I started looking at vans a few days ago.  I’m not really sure at this point how I will buy one but I’m working on that.  First things first I’m going to see how much I can get for my current car after I get it detailed through my barter club.  Although, I have so many things coming up in the next few months that don’t involve me being in a van that I may just wait.  I just hate to put too many miles on my current car when I want to sell it.  So lots of going back and forth on that issue.

I started working on some of my new projects this past week so I’m very hopeful that they will start bringing in money sooner rather than later.  It’s been hard to really concentrate on my projects with all the homework and “preparing to move” activities going on.  I am proud of myself though for finally deciding WHAT it is that I’m actually going to do so that I can move forward.  I know….I’m sorry…..I’m still being a tease!!!  I promise that details will follow as soon as things start to shape up a little more.

On the travel front….the next few months are shaping up to be pretty busy!!!  I’m very hopeful that I’m going to be able to take a trip to Hawaii to see my Dad and Stepmom in March.  April my brother is getting married so I will probably stay around here.  In May I will be going out to Omaha for a few weeks to visit and then to help my sister move her stuff out to the East Coast.  So it looks like it will most likely be June before I actually get on the road.  My thought had been to go south first because I thought I would get to travel before summer and I wanted to go where it was warm.  However, I don’t deal well with extreme heat so depending on how late into the summer it gets to be before I’m able to take off I will probably start out by going north.  I have been dying to go to New England.  I especially would love to go to Salem, MA for Halloween.

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