Pocket Money Gator

Pocket MoneyPocket 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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