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Pocket
Money
Generator
Make
£120-£200 per week by following
the simple steps
below....
Introduction:
If you've
been visiting the site for
any amount of time you'll know
I keep harping back to the sad
fact that 95% of eBay sellers
make some kind of mistake when
they list an item that
negatively affects the amount
that their item sells for, or
if it sells at
all.
One of the most common mistakes
is to spell the name of the
item
incorrectly.
How does this
affect the outcome of the sale
? Well, when people search for
stuff on eBay, for
instance 'hair
straighteners', that's what
they type in - so if the seller
has spelt it
'straightners' their item
will not come up in the search
results - and therefore not
recieve as many bids, if any at
all.
As you can see - here is a way
in which we can buy cheap, and
sell on for a
profit
.
Before you
start:
It is most
unwise to buy and sell through
the same account with this
process, so you need to get
another ID, which you will use
only for buying. If you haven't
got one - get one HERE
.
Once you've got your 'buyer'
account, buy a couple of 'Buy
It Now' things cheap to get a
bit of feedback so sellers
don't get nervous when you
bid.
How Do We
Do It
Then ?:
Below I
have embeded a tool that
will show all the spelling
variations of whatever you. For
example, if you enter 'Mobile',
this little beauty will take
you to an eBay search listing
all the other weird and
wonderful ways people have
found for spelling
'Mobile'
Enter Your
Search Term In The Box
Below
:-
The biggest bargains on eBay
come from sellers who misspell
the brand name of their
item, ie
'Soney' instead of
'Sony'.
Want a list
of major brand names ? Here's
one:
http://www.argos.co.uk/static/Manufacturers.htm
(It's the
Argos brand name
index)
OK So What
Next ?:
Change your
results so it only shows
'Auctions' (obviously we aren't
interested in the Buy It Nows)
and search by time ending
soonest. What you're ideally
looking for is an item with
zero or just one bid
.
What
you then do is check the price
to see if it could
be a bargain.
Here is where you use your
greatest research tool -
Amazon.
Why Use
Amazon ?:
We don't all
know the going 'used' retail
price for everything. On Amazon
you can find the going rate for
most things in eBay
(collectables aside, that is)
but for this exercise we're
just going to use Amazon. Check
the 'used' price of the item
you've spotted, and I mean the
exact item - if you've found a
Grey Sony W580i on Orange make
sure you check against colour
and network as well as make and
model name, as there are
variations - and based on
that work out your maximum bid
that will give you a profit
margin you're happy with.
Sanity Check:
This method does not mean that
everything you find will be 99p
- but it does mean some thing
that would normally sell at
auction for £50 may well go for
£25-£30 instead.
What Happens
Next ?:
Bid on your item up to your
maximum profitable bid. If you
win, pay and wait for it to
arrive - If you don't look for
something else. When your item
arrives, you obviously need to
check it works, clean it up if
it needs it, and use what
you've learn't in the eCourse
to sell it properly, as a Buy
It Now, for about the same
price as you saw on Amazon.
And that's about all there is
to it - no, really. This is the
exact process which I use to
make a couple of hundred quid
each and every
week.
In Conclusion :
Now you know
the process, practice it and
increase the amount of items
you buy and sell on each week.
You will soon have it off to a
fine art, and selling 8-10
items a week at a profit of
£12-£20 will soon end up with a
nice little income stream.
Questions
you may have:
1. Is it
legal and ethical
?
It
is 100% legal. As regards
ethical, whether you tell
people they've made a
mistake in their listing
instead of bidding on it
is up to you. I used to
tell people all the time
about spelling errors,
but what I mostly got was
abuse, told to mind my
own business or reported
to ebay for spamming. So
now, unless it's a
charity auction, I mostly
let people get on with
it.
2. How
long does this take
?
How
long is a piece of string
? Well, to start off it
will take you longer
because you're learning,
but really 30 mins a day
should be long enough to
find three
prospective items, of
which you'll probably get
one. Over time, you'll
know what words bring up
the bargains for you, and
save the searches so that
eBay emails you when new
items become
available.
3. I've
done the search and there's
loads of irrelevant stuff in
there ?
It
happens. What you need to
use here is some common sense -
If you've done a search for
'sony' (yes, people even spell
that wrong) you are really only
interested in the various
electronics categories, so
select them from left hand side
of the screen and forget the
rest.
4. Can I
go deeper
In ?
Of
course you can. You can spend
hours trawling ebay for
listings with no photos,
sellers with zero feedback etc,
but you need to work out if
this is the best use of your
time - you kind find some real
bargains, but it can take
forever.
5. Are
there any
shortcuts ?
Well,
yes and no - for the quickest
results I've listed my five
favorite general searches. They
offer the highest profit margin
but also are the most sought
after for that reason. Also, to
make £50 on a laptop you may
have to pay £100 to buy it -
not everybody can (or should)
do this straight
off.
My 'Top 5'
frequently, and very
profitably, misspelled
words:
'
Mobile' '
Playstation'
'
Camcorder' '
Camera' '
Laptop'
This
principal works for many
things, but is especially
useful for anyone looking to
profit from the buying and
selling of cars, spares &
accessories. Just try typing in
'Hyundai'.......
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