Online Auctions – Buy To Resell

There are quite a few items for sale on eBay!, uBid.com, Bidz.com and so on that you can buy to resell on eBay! or other auction sites and make a good profit.
There are so many things that sell for as little as 99c that you can go on to sell for up to $20. It might not sound like a lot of money but if you get lets say 20 items and sell them for $15-20 a piece you will make a decent amount of money. You would have to look around and do a bit of homework yourself to find items that you could resell.

I have come across several items that I could have possibly resold for a good profit but due to my geographical location I cannot purchase a lot of these things. I do however buy a few things now and then from New Zealand based auctions sites and sell them on eBay! at a profit.

People may not be sure whether or not they are making a profit or not on eBay!
I was the same when I first started selling items. I came across this eBay Profit Calculator which made it even easier for me to calculate what kind of a profit I was making. There are a few expenses associated with selling items online which may be overlooked. These may include seller fees, PayPal fees, shipping to your customer and shipping supplies. It all adds up and it will pay to do a bit of homework before you get into it.

4 Responses to Online Auctions – Buy To Resell

  1. dani July 25, 2007 at 3:18 am #

    not bad.. very innovative way to make money.. but you have to make that there is demand for good that you buy.. otherwise, you gonna have to use it yourself..

  2. Gerri July 25, 2007 at 7:16 am #

    That is very true. You will have to do a bit of research and see if there is a demand for the item you intend to sell. But then again, the item that you have may be a rare hard to find item that no-one is selling and people want – which would be very good for you. Sometimes you just have to make a calculated risk.

  3. j03m4r13 August 7, 2007 at 5:08 am #

    Hi!

    I’ve read your post about the auction. Well, it’s a nice one! I’ve putting eBay as one of my prospects for business someday. I really am interested about his. Thanks!

  4. reverse auctions August 13, 2007 at 3:34 pm #

    Really helpful tool, I think this really simplifies things. Thanks for this article.

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