3 ms·
Not only is that a lot of work, as you mentioned, but it is very volatile and a constant hustle to find the right products at the right price. And as soon as yo
by jjeaff 7y ago
Not only is that a lot of work, as you mentioned, but it is very volatile and a constant hustle to find the right products at the right price.
And as soon as you find a good product to sell at good margins, you have to be moving to the next product because a wave of sellers, both legit and counterfeit will soon move in and start to encroach on your margins.
Even the sources of auctions are a constant whack a mole. Any consistent auction source soon gets overrun with a constant supply of newbie buyers that overpay for anything and everything just to try and make their trip worth it.
I used to frequent postal auctions for products to resell. Then the droves of bloggers and wantrepreneurs started moving in.
I stopped going when people started bidding up the price of MacBooks of unknown provenance to higher than retail.
You keep thinking, well these guys are going to lose their shirts and never come back. They don't come back. But 4 more will take their place the next month.