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How do you differentiate discontinued product versus ones that are upgraded to a different model?
by hotpockets 8y ago
How do you differentiate discontinued product versus ones that are upgraded to a different model?
- ikeboy 8y agoThere's no difference. People will pay more for older model even if there's an upgrade. I generally look for stuff where I make a small profit at current price and where total quantity isn't so much that I'm worried about getting stuck.
- hotpockets 8y agoI was thinking that model upgrades have a smaller profit potential because there is a possibility of a consumer switching to the newer model. You think that effect, if it is present, is not worth thinking about?
- ikeboy 8y agoI generally look at the data on the specific product. If it's been discontinued for a year already and new model has been out for a year and it's still selling, that tells me something. I look at a lot of things, and like I said I don't just do discontinued items. Right now I'm holding onto some Samsung Blu-ray players from 2015. Samsung stopped making them, so the 2017 models are the latest, but the 2015 are cheaper and still selling quite well. I expect the price to go up a bit as the other guys selling it sell out, and then I'll make maybe 30-40% on my money for holding it for 4 months or so, minus costs/returns. Very doable if you have capital and are willing to be active and take some risks.
- hotpockets 8y agoThanks interesting, thanks for your feedback.