This is a post by Ellie Jo about making money.
Imagine if your job was as easy as just buying products on one platform and then flipping them on another? Well, it turns out that you can actually make money this way – strange as it may sound.
It turns out that prices don’t correlate perfectly across the world. Occasionally, sellers massively undervalued items. And that’s when you can sweep in and start making serious money. Imagine if you found an item on Alibaba selling for $3 and the same item selling on eBay for $30. At $27 per item, selling 1,000 would net you $27,000 without you having to do much work at all (other than renting out some storage space for all your products, that is).
So what items are great to flip? Let’s take a look.
Every so often, a seller will go out of business. When they administrators will instruct management to put any remaining stock on sale to get rid of it before the store closes. For people who love flipping, this is a great opportunity. All you do is sweep in, buy up all the merchandise, and then put it up for sale on an online platform, like Amazon, for the regular price. Some people have become millionaires using strategies like this.
Here’s another market you can explore to make quick arbitrage profits: the watch market. Because it has such a long history and is so complicated, there are always bargains to be found. For instance, if you find a Rolex Datejust 116234 going for less than normal on one site, you can flip it by selling it to a vendor on another. You can also sell it privately on a variety of platforms, including Facebook.
The catch is this: you need to know what you’re doing. Figuring out how much a watch should cost is only something that you can build up with experience.
Are you a bit of a car lover? If so, then you might know how to spot a great deal on a vehicle and start flipping them. Again, dealers will often underprice cars. You can buy these, find somewhere to temporarily store them, and then sell them to people sick of paying high dealership fees, all while making a profit. The great thing about flipping vehicles is that you actually get a substantial profit for each car you flip.
If you have a workshop, you might be able to add even more value. You could take wrecks, restore them to health, and then charge people the going market rate.
The vintage clothing market is exploding right now because of the growing global middle class. Everyone wants to own original clothes from twenty to fifty years ago – but there’s a limited supply of them. So prices keep going up.
This market is an example where you can buy and hold, and then sell at a higher price in the future. Resale values are increasing all the time.
So there you have it: some products that you can flip to make instant money. Which will you try?