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Get rid of old stuff on ebay/cl/fb marketplace. Or buy stuff from ebay/cl/fb marketplace and sell on Amazon. and plugging a friend: https://www.flipmine.com/ h

Get rid of old stuff on ebay/cl/fb marketplace. Or buy stuff from ebay/cl/fb marketplace and sell on Amazon. and plugging a friend: https://www.flipmine.com/ https://www.flipmine.com/ scrapes arbitrage opportunities b/w ebay and amazon.

saeedjabbar 6y ago
Flipmine is an incredible tool our mutual friend has built!
- deleted 6y ago
  [deleted]
TrackerFF 6y ago
Word of warning on Ebay tho, and this comes from someone who's been flipping stuff there for 20 years: There's a hold on your funds for around 21 days, depending on how fast the item is shipped out, and registered as delivered (hint: Always use tracked shipping) Second, there's a limit on how much you can list / sell as a beginner. So don't count on being able to liquidate collections or extra stuff in a flash. And third, Ebay is incredibly biased towards buyers - so if you're looking to sell something very expensive, try local first - where you can get cash in hand. I've lost thousands of dollars on Ebay as a seller, even though I've followed every step to secure myself. But other than that - it's a very hard place to beat if you're looking to sell something. I'm selling on a TON of channels, but it's really hard to beat Ebay for actually getting stuff sold.
- jjoonathan 6y ago
  Also: Ebay takes 10%, paypal takes 4%. Shipping and tax aren't free either. If you sell something expensive, ebay will usually give you a "5 listings with halved or waived final value fees" a few weeks later. Strategize accordingly.
  - mdszy 6y ago
    Furthermore, that ebay 10% cut is not taken off the top, it's applied to a monthly invoice, so that's important to remember.
  - dehrmann 6y ago
    Ebay does not offer 10% of value. Other than because they're basically a monopoly, I'm surprised no one's been able to undercut them.
barbegal 6y ago
The best way to make money in this way is by finding items that have been incorrectly listed (and thus undervalued) and listing them with better keywords, accurate information etc. The tricky part is finding those listings in the first place because they will often be at the bottom of many searches due to poor relevance. Searching by "ending soonest" on eBay can bring up many hidden treasures. You then need to have a good idea of the market rate of what you are selling and factor in a healthy margin: postage costs and handling time can add up quickly.
- elliekelly 6y ago
  There used to be a browser extension that would search common misspellings of things on eBay to find undervalued items. “Kat Spade” instead of “Kate Spade”, for example. I built quite a collection of shoes and handbags with this method in college. But I’m sure eBay’s search has gotten better at delivering misspelled listing in results over the past decade so perhaps it’s not as useful as I remember it being.
  - botwriter 6y ago
    Was it fat fingers by any chance?
hnrodey 6y ago
Interesting recommendation of flipmine. I buy in to the idea of what they're selling - used goods arbitrage - they're just selling another form of a "get rich scheme". Follow the money. If this niche were so great then the proprietors would keep this software platform to themselves to identify the opportunities and perform the work. Instead, they "offer" you the opportunity while they take in a $39 monthly fee for their service. That's my take on almost the entire industry of "make money doing X, just use my service or take my course!" Bro, the real money is conning these suckers. A fool and his money will soon part ways.
- jaywalk 6y ago
  Absolutely agree. You might make a couple bucks here and there, but the Flipmine guy is guaranteed $39/month from you. That's where the real action is.
- mywittyname 6y ago
  Lots of companies do keep their arbitrage tools secret. There is a much greater efficiency in operating a SaaS over a full-fledged business, since the SaaS has almost 0 marginal costs, so every additional $39/mo requires nearly no work. In contrast, generating $39 in profits through arbitrage requires at least some work and has risk. If you buy a product and sell it to a person who gets a refund, then you lost money.
- WrtCdEvrydy 6y ago
  I mean SaaS probably requires a lot less time... and scales a bit more than doing it as a business.
  - hnrodey 6y ago
    Exactly! So you should start a SaaS company and get the hell away from spending monthly fees to find your next time consuming manual sale.
    - rsanek 6y ago
      The point is, not everyone can start a SaaS company (like, as in OP's example, you are a call center employee). Just because you can't create the same high-ROI software business does not mean that the software being sold is a scam/worthless.

saeedjabbar 6y ago

Flipmine is an incredible tool our mutual friend has built!

deleted 6y ago
[deleted]

TrackerFF 6y ago

Word of warning on Ebay tho, and this comes from someone who's been flipping stuff there for 20 years: There's a hold on your funds for around 21 days, depending on how fast the item is shipped out, and registered as delivered (hint: Always use tracked shipping) Second, there's a limit on how much you can list / sell as a beginner. So don't count on being able to liquidate collections or extra stuff in a flash. And third, Ebay is incredibly biased towards buyers - so if you're looking to sell something very expensive, try local first - where you can get cash in hand. I've lost thousands of dollars on Ebay as a seller, even though I've followed every step to secure myself. But other than that - it's a very hard place to beat if you're looking to sell something. I'm selling on a TON of channels, but it's really hard to beat Ebay for actually getting stuff sold.

jjoonathan 6y ago
Also: Ebay takes 10%, paypal takes 4%. Shipping and tax aren't free either. If you sell something expensive, ebay will usually give you a "5 listings with halved or waived final value fees" a few weeks later. Strategize accordingly.
- mdszy 6y ago
  Furthermore, that ebay 10% cut is not taken off the top, it's applied to a monthly invoice, so that's important to remember.
- dehrmann 6y ago
  Ebay does not offer 10% of value. Other than because they're basically a monopoly, I'm surprised no one's been able to undercut them.

barbegal 6y ago

The best way to make money in this way is by finding items that have been incorrectly listed (and thus undervalued) and listing them with better keywords, accurate information etc. The tricky part is finding those listings in the first place because they will often be at the bottom of many searches due to poor relevance. Searching by "ending soonest" on eBay can bring up many hidden treasures. You then need to have a good idea of the market rate of what you are selling and factor in a healthy margin: postage costs and handling time can add up quickly.

elliekelly 6y ago
There used to be a browser extension that would search common misspellings of things on eBay to find undervalued items. “Kat Spade” instead of “Kate Spade”, for example. I built quite a collection of shoes and handbags with this method in college. But I’m sure eBay’s search has gotten better at delivering misspelled listing in results over the past decade so perhaps it’s not as useful as I remember it being.
- botwriter 6y ago
  Was it fat fingers by any chance?

hnrodey 6y ago

Interesting recommendation of flipmine. I buy in to the idea of what they're selling - used goods arbitrage - they're just selling another form of a "get rich scheme". Follow the money. If this niche were so great then the proprietors would keep this software platform to themselves to identify the opportunities and perform the work. Instead, they "offer" you the opportunity while they take in a $39 monthly fee for their service. That's my take on almost the entire industry of "make money doing X, just use my service or take my course!" Bro, the real money is conning these suckers. A fool and his money will soon part ways.

jaywalk 6y ago
Absolutely agree. You might make a couple bucks here and there, but the Flipmine guy is guaranteed $39/month from you. That's where the real action is.
mywittyname 6y ago
Lots of companies do keep their arbitrage tools secret. There is a much greater efficiency in operating a SaaS over a full-fledged business, since the SaaS has almost 0 marginal costs, so every additional $39/mo requires nearly no work. In contrast, generating $39 in profits through arbitrage requires at least some work and has risk. If you buy a product and sell it to a person who gets a refund, then you lost money.
WrtCdEvrydy 6y ago
I mean SaaS probably requires a lot less time... and scales a bit more than doing it as a business.
- hnrodey 6y ago
  Exactly! So you should start a SaaS company and get the hell away from spending monthly fees to find your next time consuming manual sale.
  - rsanek 6y ago
    The point is, not everyone can start a SaaS company (like, as in OP's example, you are a call center employee). Just because you can't create the same high-ROI software business does not mean that the software being sold is a scam/worthless.