Incredible Profits Using the Power of Arbitrage on ebay

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1 Incredible Profits Using the Power of Arbitrage on ebay You Have Master Rights to This ebook and you can distribute it in any legal and ethical manner.

2 Incredible Profits Using the Power of Arbitrage on 1 ebay by Avril Harper, Chartered MCIPD Copyright Meander Press 2007 All information is provided in good faith and is accurate to the best of our knowledge. This document is for information purposes only and does not impart legal or financial advice to readers who must consult their own legal and professional advisors before spending money or taking action of any kind based on operating a business such as outlined in this document. It is the reader s responsibility to ascertain and abide by national and international legal, moral and ethical issues.

3 2 DOWNLOAD YOUR BONUS BOOKS FOR OBTAINING THIS REPORT Brand New ebooks About Selling on ebay REGISTER HERE

4 Introduction 3 Arbitrage means to buy an item in one market for the purpose of reselling it soon after for profit. Although the concept traditionally means reselling in a separate market to that from which the product was acquired, the term also commonly applies to buying something on ebay with the purpose of reselling it quickly, also on ebay, for an almost guaranteed profit. This buying on and reselling later on ebay is also called Flipping, sometimes Leveraging. Understanding Arbitrage Arbitrage begins with one or more of the following basic steps: * Buy online to resell online * Buy offline to resell online * Buy online to resell offline * Buy offline to resell offline. As ebay sellers, it s the first two that concern us most, so let s start with a plethora of great ways to make easy money from Arbitrage or what s traditionally known as the Buy Low, Sell High technique. Arbitrage Techniques Your profit might be based on personal knowledge, for example, where you discover items selling on ebay.com which you know will sell at higher prices on the UK site, good examples being viewcards, books and other souvenirs of UK geographical locations. The same goes for overseas collectibles selling in the UK which you think might fetch higher prices outside the UK. For example, at a local antiques fair I bought eight large photographs of men and machines felling giant Redwood trees in Eureka, California, dated These fascinating old pictures had been hanging around in the seller s box for months, finding no buyers among local visitors to the fairs he attended in Gateshead and Hexham. They were hogging space, in danger of being damaged, so he offered to reduce the price by twenty per cent if I bought all of these items, total nine, pre-discount price 125. So I paid the 100, uploaded them all

5 4 to ebay s UK site, priced each, total almost 320. One eager buyer, living in Eureka, offered 300 to take the whole lot of my hands, which I accepted and made an almost instant 200 on the deal. I may have reached an even bigger market of Eureka and California Redwood tree collectors and made more money by listing these items on ebay.com but I m keen on fast turnover and prefer to list items in one sitting, on one ebay site. * Research is another way to find items worth very little in one area and potentially a great deal more elsewhere, either between ebay country sites, or on different ebay categories, even within the same category on which they originally appeared. * Then there s the old chestnut of just buying whatever you can, on or off the Internet, which you know presents virtual guaranteed profits on ebay. Later I ll reveal some great locations for buying as much as you like, any time you like, and relisting for fast profit on ebay. Buying on ebay, Selling on ebay We ve covered this before but I d like to reiterate a few simple techniques that let you benefit from sellers who either don t know or don t care how their products are listed on ebay and consequently their mistakes and omissions often lead to items going unsold or selling way below their real market value. The upshot is: you look for items poorly or wrongly listed, buy them cheap, correct mistakes and improve their earlier listing, then resell at a profit on ebay. The best way to make steady money is to literally stalk ebay looking for items available for you to buy at less than their normal selling price on ebay. This discrepancy can be due to several reasons, for example: - The item is poorly listed and failing to attract interest because it is listed in a category where few potential buyers will find it; - the seller offers an item Buy It Now or accepts a Best Offer at much below the price the item regularly fetches on ebay s highest bidder auctions; - the listing has spelling mistakes or typos which render it oblivious to ebay s search engines when potential buyers seek for similar items;

6 - the pictures are poor and that deters people from bidding; 5 - the item is highly desirable but the seller doesn t know this or fails to describe it properly. These and other anomalies present a product you might buy cheap and relist almost right away to at least double your investment and maybe earn a great deal more. Many people see this as a regular feature of their ebay ventures. Ways to Make Arbitrage Work for You Without Leaving Home * Look especially for items failing to attract bids which are poorly described, listed in the wrong category, having typing mistakes or typos, have poor illustrations, or which are missing essential words and fail to respond to ebay search engines. In all cases the item can usually be purchased below typical ebay value and relisted immediately after corrections and improvements are made. * Look for items with no bids and close to auction end, you might find many are poorly described or another reason deters bidding on an otherwise valuable item. You might also find sellers of Buy It Now items remaining unsold just a few hours before auction end will accept Best Offer bids way lower than would be so when the auction began. Check manually or find last minute no bid auction and Buy It Now listings using or click on the All Items Ending Now icon normally middle of screen on the home page at * Do price comparisons on ebay. You ll often find items available Buy It Now or Best Offer which regularly fetch far more on auction listings. This is because people get caught up in the thrill of bidding and chase items they don t really need or want just to prevent someone else winning them. Apart from spelling and typing errors for which seek-and-find software is available, it s a question of physically looking for items to resell. With so many items listed on ebay, in several country sites and in hundreds of different categories and sub-categories, you really do need to focus on one or a handful of product types or you ll just get horribly confused.

7 You also need a good system to keep count of items viewed, low price Best Offer opportunities, and so on. A spreadsheet will usually do or try one of the diary and note-taking programs available for most computers. Cross Auction Arbitrage Cross auction arbitrage is where you buy something at one auction to resell at another auction. It s very common practice at offline salerooms where I know many people who buy at small town auctions where visitors are often few and products sometimes go below market value. Those items are carted off to bigger auction salerooms in major towns and cities, including larger London auction houses like Sotheby s and Phillips. City and big town auctions often attract hundreds of international bidders with deep pockets and keen to bid high, unlike their small town counterparts which are often poorly advertised. Much the same happens online and here s where I introduce one of those two secret buying sources mentioned earlier. ebay is the biggest most successful online auction site with buyers and sellers, products and prices towering way above hundreds of other online auction sites, including Amazon. PowerSellers frequently buy at Amazon, both auction and from shop products whose prices are often low in comparison to ebay. This often happens with books and on Amazon you ll find second hand books on countless different subjects priced in pennies which can attract frenzied bidding when resold on ebay. Amazon is just one of hundreds of sites where products can be bought inexpensively and fetch far higher prices on ebay. Like price comparisons on ebay and seeking out poorly listed items to resell, it s all down to personal research, it can be time-consuming, definitely boring, but the rewards can be staggering. This is how I would look to buy books on Amazon to resell on ebay. * First off I d look for best selling titles on ebay, using the Advanced Search button top right of ebay s pages, next page key something generic into the search box, we need to find all books within the overall Books, Comics and Magazines category. Something like a or the should return most recently completed book auctions. I ll key in a, pick Books, Comics and Magazines from the dropdown menu, tick Completed Auctions Only, next page I ll choose Price: Highest First from the dropdown menu right side of the screen. Today it returns completed listings over ten plus sub-categories including 6

8 7 children s books, textbooks, antiquarian books. I need to narrow down a bit so I ll choose non-fiction books and then sports. That gives me 1060 books to study. * Still with the Price: Highest First option, I find six of the top ten highest priced books are about fishing, specifically carp fishing. That took me about five minutes and already I know carp fishing is a subject I should keep in mind at offline book sales, and also online at Amazon and other auction sites. * At I found hundreds of books available on the subject of Carp Fishing, not rare books but some decent quality items at lower prices than similar titles selling on ebay. That s just one subject and I confess I didn t look beyond the first page or investigate other subjects. * Here s another great tip. Go to click the UK button, key in online + auction, press the button to go. You ll find dozens of auctions operating in the UK which have few sellers, few buyers, really low prices, a great place for sourcing items to resell on ebay. I can t think why people list on these other sites in preference to ebay but what do I care, there s money to make using these places in my overall arbitrage operation.

9 8 Recommended Reading ebay Arbitrage CLICK HERE FOR DETAILS

10 About The Author 9 Avril Harper is an ebay PowerSeller and has been writing business opportunities books and articles for almost twenty years. (Read her articles at: She has authored several books on the subject of making money on ebay and also offers a large selection of free to download books and reports at: Her books include Make Money Tearing Up Old Books and Magazines and Selling Them on ebay The Insiders Guide to Making a Full Time Living Selling Vintage Topographical View Postcards on ebay Avril has hundreds of articles and tips about making money on ebay at: Click the image below to download your free ebay PowerSeller reports.

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