As we continue with the subject of finding items to buy low and re-sell at a higher price, I want to talk about a process that was hot some years ago – courses were written, eBooks were done, and the authors made money and the people who bought them and who took action also made money. The process I am talking about is Flip and Sell.
The process is about finding an item has has been poorly listed, buying it cheap and then re-writing the listing and selling at a higher price. It sounds easy and in fact it is easy, but there are a few steps that you need to take to make the whole process work.
- You need two eBay accounts – one to but from and one to list on. Yes you van just use one, but you need to be careful as you are buying low and selling high, and you do not really want your new buyers to know what you bought the item for.
- You must be willing to spend some time doing the research, you can get software to do it with but at times it means adding mis-spelled names into eBay and seeing what comes up. Also another trick is to go on at mid-afternoon and seeing what is finishing then. Often you can pick up bargains as there is no one on at that time to buy the items.
- You buy the item, pay for it and let it arrive
- Once it arrives go to your selling account, log in and then list your item, using pictures, proper listing and have it finish at the time when most buyers for the item will be online.
- Sit back and watch the profits roll in.
- Rinse and repeat
Like I said simple, but you will need the time to do the research and at times willing to just take that risk, but as long as you have done your research you should won most of the time.
Andrew Milburn Is An eBay Consultant Based In Lichfield Staffordshire
