$7000 Net Off eBay Last Month, Heres How...
Ok I've gotten a ton of requests for this tutorial... however I
must say this is going to be pretty short. This has already been said
in an ebook on here, but I did it and it worked ha.
I'm a little tipsy right now, just got home off a party bus. My gf is
in my ear tellin me to get off this thing and I'm close to leavin.
With that said...
I took something out of the 90k flipper thing a majig, ran with it, and
made some money. I've already made more money this month as I expanded
but that is neither here nor there. <--- Haha, I've always wanted to
say that.
Ok, so I've been selling replica iPod Nano's for the last month and made
decent money. Just over 7k net to be exact. No problems with eBay or
anything eelse.
In fact, as long as you say it's a replica in your auction and in the
title eBay really doesn't give a shit (they only really care if someone
complains, at least in my experience). The only snag is if you get a
customer that doesn't read shit and bitches
shit and bitches because you sold them a replica. THis is a bit of a
problem on eBay, but if you protect yourself in the description and
title it shouldn't be a real big deal.
I've been purchasing these "iPods" off of Alibaba.com, now I know this
will scare some of you because Alibaba is synonymous with scammer.
However I assure you there are legit sellers on there, but it takes some
questioning.
I think it was Yowza (probably fucked that up) or another member that
said he had a brother in china that was finding all his connections and
they were on alibaba. THERE ARE LEGIT SELLERS THERE!
A gold supplier is a start...
However I spend about three days questioning the individual seller
looking for discrepancies and differences in his/her responses. I'll
usually ask for some references of previous business, they will usually
give up some if they are legit. I'll contact them askin the same type
of questions and look for differences in their responses.
(Any "iPod" you get from alibaba is fake for the most part, however that doesn't mean you can't sell em for a big gain)
I'll then ask for a sample, most of the time is one or two units of the
product. Most legit sellers will be willing to do the initial sample
order, just say you are looking to do high volume every month. However
most of the time if you do a sample they will say you have to pay close
to retail. Whatever I don't really care because if it's legit, it's
still less than a real iPod and I can usually sell that same one for a
little profit.
Going after branded electronics on eBay is a waste of your time. Have
you ever typed in "Apple iPod 30GB" into the search on eBay? Did you
see how many pages of results you got? Sure you can make a couple bucks
selling iPods but the real money is unbranded electronics.
Dehumidifiers, dvd players, dvd projectors, "ipod" replicas, this is
where the money is at. I've made money with all these products in the
past. Most people on eBay are looking for a deal. They are cheap! A
ton of them can't afford the name brand electronics, this is where you
come in.
There will always be a market for this stuff. As long as you test out
the product yourself and make sure it's legit you won't have any
problems. Just make sure to explicitly state that it is a replica.
Most people have no problem purchasing a replica as long as it works
like the real deal.
As far as payment for these items...
NEVER PAY VIA WESTERN UNION, WIRE TRANSFER, or BANK TRANSFER.
If you’re going to do business with people overseas, pay on your terms.
You should use either Paypal.com, Escrow.com, COD, letter of credit, or
credit card (cc is usually my last choice).
Here is the reasoning behind them all…
Paypal.com – if you do end up getting scammed, you can file a dispute
and get a charge back as long as a credit card is linked to your account
and not a debit card. Plus when you’re about to send someone money via
Paypal you can see whether or not they are a verified user right before
you send the money (I usually stick with verified users if I'm using
paypal).
Escrow.com – I stress Escrow.com and not any other escrow service
because there are a lot of escrows run by scammers that work with other
scammers! Escrow works like an intermediary; they hold the payment
until you confirm you’ve received the goods and tell them to release the
payment. Escrow.com is very legitimate and I’ve used them tons of
times, but I won’t trust any other escrow service.
COD – Cash on delivery is a great way of paying, however it is becoming
more and more rare these days. However I have found wholesalers in the
past that are willing to use this method.
Letter of Credit – This is basically like an escrow system through your
bank. Your bank will freeze the funds in your account and contact the
sellers bank letting them know that you are waiting for the goods. Once
the goods are received, your bank will then release the funds to the
sellers’ bank.
Credit Card – This would usually be my last resort. I would have to be
pretty sure about my transaction to use a credit card. However in the
worst case scenario with a credit card you can do a charge back and then
simply cancel that credit card. Normally credit card companies are
fairly understanding if you contact them about getting scammed.
I know there is a ton of people saying, NAH you can't sell replicas on
eBay or Alibaba is just all scammers. Well you know what, someone is
making it work! If you aren't, someone is.
Do your due diligence with the seller and use common sense. If they are
asking for Western Union or an outside escrow service then you're
probably getting ripped off.
Listen, I know this was probably a bit vague n what not but I'll try to
improve upon it tomorrow (actually later today) when I'm in a better
state of mind.
If you have questions, just drop em here and I'll try n help you later.