Make Money From Other People’s Mistakes
It’s an established practice for eBay addicts to buy stuff from one another, then relist it on the auction site with a jazzed up description and try and generate a bit of profit. On the whole the system tends to work, but to be honest profits can be limited. You might only make an extra quid or two, which considering the time spent bidding for and relisting the item isn’t exactly going to pay off the mortgage.
However there is one simple, little trick which means you can buy from other eBayers and reap maximum returns… we’re talking about clearing anywhere between £50 and £100 profit per relisted item. We think you’ll agree that’s not a bad little earner.
Here’s the catch though: you need to find items which have been listed incorrectly… ones where the seller has spelt the brand name wrong. Louis Vuitton is a classic example. But celebrity autographs also tend to get listed incorrectly. We know of one guy who bought Michael Schumacher’s scrawl for a couple of quid because the former F1 driver’s surname was spelt wrong, relisted it with the correct spelling and made a cool £60 profit.
The reason this system works is because these items don’t show up when buyers search for them. So less people see them, less people bid and when the auction closes you could be the proud owner of a designer bag worth a fair bit, which cost you less than a tenner because hardly anyone else was involved in the bidding.
The key here though is to hunt for those items. Track them down. Trawl through the listings. They’ll be out there waiting for you to find them. It will take a bit of time, but it will almost definitely be worth your while.
And remember, if you list on eBay regularly then make sure you spell any brand names correctly. If you’re not sure, just Google the brand name. Even if you spell it wrong, the search engine will find the correct spelling for you.
Filed under: Biz Opps, Sound Advice, Home Business Opportunities, Make Money on Ebay, eBay Business Opportunities
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