How I made $660.43 in 3 days by selling old Playstation 2 systems on eBay (how you can too)

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I really wish I had more information on why these things are valued at their current price. I was back in the U.S. for about two weeks. I get an e-mail from one of my employees that starts asking me a lot of questions about Playstation 2. His questions lead to his actual question of "Can we get these?" I told him no as they aren't made anymore and didn't believe they were worth anything like most older electronics.

So I jump on eBay and find out that people are buying these in bulk for the average unit price of $42.00 - No wires, no controllers, no games - nothing but the console...

...but it gets better... they are BROKEN. The Playstation 2 units that have been selling for an average of $42.00 do not even work! Broken ones have actually been selling for More!

So I went out on a 4 hour quest to buy some of these things. First thing I did was I posted 2 ads up on Craigslist saying I was buying these for $10 and would pick them up. I bought 6 units this way. One person had 3 of them.

Next I called all of the local pawnshops and asked if they had any. Every single one of them said "Yes."

Now that I had 6 of these and a bunch of controllers that were thrown in by the people that sold them to me, I drove over to 5 pawn shops and most of them were selling bundles of controllers with the Playstation 2 system for $15 - $20.00 - I talked them all down to $10 and I left with 15 units from 5 different pawnshops. This brought my total to 21 units.

I later headed over to a local video game store, but didn't get that great of a deal but managed to buy 4 for $25.00 each with 2 controllers.

I now had 25 units, all purchased within 1 day for $310, plus $25 for fuel driving to all of those places, so that puts me at a grand total of $335.00

I listed up 5 PS2's with no controllers or anything aside the console, and because my research shows the keywords "Broken" seems to get more traffic/bids/sell for more I put the words "Not Broken" - because all of them but 1 which isn't included in these 5 separate listings actually did work. I put them up in a BIN of $44.99 with Free Shipping. All 5 of them sold within 24 hours - 4 of them were purchased by 1 buyer. After Fees and Shipping and excluding my initial investment, I made $106 and wasn't really too impressed for some reason.

Now was the major test, I listed a bulk amount of 20 units mixed with the large and slim PS2's, and these sold for $800 + $35.00 Shipping. After fees and shipping and my initial investment, my profit was $472.43. This took about 36 hours to sell, I was a bit skeptical that I had priced it too high but sure enough, it sold. Unfortunately I should have waited to ship out 4 of the 5 units because the guy who bought 4 of them from my individual listings was the same guy who bought the 20 units.

Now were the last bits and pieces. I had 14 controllers, 4 memory cards, some multiple controller adapter thing, cords, and a couple random games, and these sold for $82.00 after profit and fees.

My total profit for this entire thing was $660.43.

Another interesting tidbit, the guy who bought 24 of them from me seems to buy thousands of units per month of these things. You can only see so far back into someones feedback history but every single feedback left for him was when he bought something that was PS2 related. He has over 18,000 feedback too. I wish I knew what he was doing with them!
#days #ebay #made #playstation #selling #systems #video
  • Profile picture of the author ab12
    Very interesting, I've been researching PSP's and want to do the same thing. Just curious what area of the U.S. did you post your Craigslist ads in?

    Any tips when posting them On Ebay?

    Do you think they would sell as well if they were sold in smaller amounts?


    I looked it up most of the lots of PS2's have bids but some of them don't.

    Thank you for posting this, I'm going to try this.
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    • Profile picture of the author jhr57
      I have been doing this on Ebay for about 2 years and I sell everyone I can get

      my hands on. I usually sell them in lots but sell them individually as well. I

      know what they do with them but will not post it on an open forum. If you

      would like to know pm me I will be glad to tell you what they do with them.

      AB12 pm me and I will tell you how I sell them and where to put them to sell

      them within 24 hours.
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      • Profile picture of the author jhr57
        I have replied to all the pms that were sent. Chris i sent you one as well I hope you did not mind. PS3s also sell well broken and usually sell for around 50 to and I have seen them go for 100.00 depending upon the size of the hard drive. The backwards compatible ps3s sell the best but are harder to find.

        One quick tip for selling the ps2s if you can get the hookups and controllers with the system separate the controllers,the hookups and the system or systems into 3 different auctions and make more money.I sell just the systems
        no hookups or controllers. The hookups go for around 5.00 to 8.00 and the controllers for around 5.00 a piece. This is not a lot of money but if you buy broken ps2s for 10.00 you can break even on just the hookups and controllers.
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  • Profile picture of the author visimedia
    very cool information.
    really creative way of doing business from offline to online.
    =)
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  • Profile picture of the author Danceparty
    thats nice. i would like to know what they do with them...
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  • Profile picture of the author danr62
    I had a broken PS3 that I didn't want to repair and sold it on Ebay for around $45 +shipping. The thing sold fast, too.
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  • Profile picture of the author Edwierd
    This sounds awesome! I actually have 2 ps2 ...... somewhere around here lol. I didn't even think of selling them on ebay. Could you pm me as well about how to sell them and where to post? Oh I'm also curious of what these guys are doing with them. Thanks
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  • Profile picture of the author usmanuk
    good post, that's real honest graft for you, you deserve every penny of it buddy, and good of you to share the info. Some people these days are just not willing to get their hands dirty and put some real get up and go effort, props to you
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  • Profile picture of the author mootonandy
    Cool story. I always fancied having a go at that arbitrage type stuff, but I wouldn't really know what to buy except for PS2's of course.

    Does anyone know of a good info product that shows you what kind of things you should buy and from where?
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  • Profile picture of the author Avalonesa
    Originally Posted by Silas Hart View Post

    I really wish I had more information on why these things are valued at their current price. I was back in the U.S. for about two weeks. I get an e-mail from one of my employees that starts asking me a lot of questions about Playstation 2. His questions lead to his actual question of "Can we get these?" I told him no as they aren't made anymore and didn't believe they were worth anything like most older electronics.

    So I jump on eBay and find out that people are buying these in bulk for the average unit price of $42.00 - No wires, no controllers, no games - nothing but the console...

    ...but it gets better... they are BROKEN. The Playstation 2 units that have been selling for an average of $42.00 do not even work! Broken ones have actually been selling for More!

    So I went out on a 4 hour quest to buy some of these things. First thing I did was I posted 2 ads up on Craigslist saying I was buying these for $10 and would pick them up. I bought 6 units this way. One person had 3 of them.

    Next I called all of the local pawnshops and asked if they had any. Every single one of them said "Yes."

    Now that I had 6 of these and a bunch of controllers that were thrown in by the people that sold them to me, I drove over to 5 pawn shops and most of them were selling bundles of controllers with the Playstation 2 system for $15 - $20.00 - I talked them all down to $10 and I left with 15 units from 5 different pawnshops. This brought my total to 21 units.

    I later headed over to a local video game store, but didn't get that great of a deal but managed to buy 4 for $25.00 each with 2 controllers.

    I now had 25 units, all purchased within 1 day for $310, plus $25 for fuel driving to all of those places, so that puts me at a grand total of $335.00

    I listed up 5 PS2's with no controllers or anything aside the console, and because my research shows the keywords "Broken" seems to get more traffic/bids/sell for more I put the words "Not Broken" - because all of them but 1 which isn't included in these 5 separate listings actually did work. I put them up in a BIN of $44.99 with Free Shipping. All 5 of them sold within 24 hours - 4 of them were purchased by 1 buyer. After Fees and Shipping and excluding my initial investment, I made $106 and wasn't really too impressed for some reason.

    Now was the major test, I listed a bulk amount of 20 units mixed with the large and slim PS2's, and these sold for $800 + $35.00 Shipping. After fees and shipping and my initial investment, my profit was $472.43. This took about 36 hours to sell, I was a bit skeptical that I had priced it too high but sure enough, it sold. Unfortunately I should have waited to ship out 4 of the 5 units because the guy who bought 4 of them from my individual listings was the same guy who bought the 20 units.

    Now were the last bits and pieces. I had 14 controllers, 4 memory cards, some multiple controller adapter thing, cords, and a couple random games, and these sold for $82.00 after profit and fees.

    My total profit for this entire thing was $660.43.

    Another interesting tidbit, the guy who bought 24 of them from me seems to buy thousands of units per month of these things. You can only see so far back into someones feedback history but every single feedback left for him was when he bought something that was PS2 related. He has over 18,000 feedback too. I wish I knew what he was doing with them!
    I know what he is doing with them. He is building a bitcoin mining rig. Can you please link me to his ebay profile so I can talk to him?
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  • Profile picture of the author Prowebstakht
    Is there more money to make by Selling Physical Products on Ebay than just Digital products like Ebooks?
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    • Profile picture of the author jhr57
      I have had a few members pm me asking if this will work in the U.K and

      Australia. Here is what I found that ps2s are going for on EbayUK and Ebay

      Australia.

      Ebay Australia
      Average selling price - 14 .00 AU
      Sell Through - 100%

      Ebay UK
      Average Selling Price - £12.00
      Sell Through - 90%

      This may or may not be a viable option for members in these two countries If

      you have to buy the ps2. If you have a broken one already you can make

      approximately the amount stated above.
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    • Profile picture of the author eric w
      Yes, yes, and yes! I do it many times every month.

      Originally Posted by Prowebstakht View Post

      Is there more money to make by Selling Physical Products on Ebay than just Digital products like Ebooks?
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  • Profile picture of the author elgabo
    Sorry if this is a noob question, but what would be the best/cheapest way to package these?

    I've never sold/shipped breakable items on Ebay. I've always just used poly mailers, which don't seem like a good idea for a game console.
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  • Profile picture of the author BamaGuy
    Thanks for the share. It doesn't take too long to find a few of these in the area. I actually just met up with a guy who sold 2 working PS2, 10 games, 3 controllers for $30. I will more than likely make $20-$30 just selling the games and controllers locally and put the consoles on ebay. I have seen people willing to pay $40-$43 a unit and $6.95 shipping so I will run a couple test auctions maybe listing 2 units to see the response. I would rather ship 10 at a time, but I am wondering if the profit is just a bit less when considering you gave it for free shipping and I would be at least getting some shipping help?

    Thanks again.
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    • Profile picture of the author jhr57
      I ship all of my ps2s flat rate priority mail and it is no problem. The buyers are glad to pay so they get them faster so they can "fix" them.
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      • Profile picture of the author Silas Hart
        Originally Posted by jhr57 View Post

        I ship all of my ps2s flat rate priority mail and it is no problem. The buyers are glad to pay so they get them faster so they can "fix" them.
        Yep, this one specific buyer being mentioned just tells you to throw it in a flat rate box, no padding needed.
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        • Profile picture of the author DWolfe
          Originally Posted by Silas Hart View Post

          Yep, this one specific buyer being mentioned just tells you to throw it in a flat rate box, no padding needed.
          I took your advice went to a local flee market brought two different play stations for a test run, The Play Station 1 was not worth the effort.

          The Play Station 2 was purchased by this specific buyer. He actually requested the smallest box possible and said dont worry if the console plastic gets beat up. I based shipping price on what others listed as thier shipping price.

          I know the orginal poster said he purchased the Play Station 2, but I got a geat deal on an orginal Play Station. Any person trying this skip the Play Station 1 all together.
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          • Profile picture of the author jhr57
            Correct the ps1 broken is worth tops 5.00 unless you get the model number SCPH 1001 which is worth a little more. Stick with the ps2s and ps3s.
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            • Profile picture of the author kpurnell
              Thank you for the information, I'll check in my are, see what we can come up with.
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  • Profile picture of the author dnjoseph1
    This thread made me laugh! It shows that THERE ARE ALWAYS WAYS TO MAKE MONEY! If the OP dedicated 50 hours this month to this system, I'm sure he could conservatively churn up $1,500. Crazy. Thanks for the post and the contributions!
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  • How did you ship 20 ps2s affordably? hell even shipping 1 would be the flat rate board game box at least...and thats like $15
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    • Profile picture of the author jhr57
      Most of the buyers on Ebay expect to pay shipping for these items. The original poster and me are talking about shipping one or 2 ps2s using the postal flat rate boxes. As far as shipping 20 the OP said he charged 35.00 shipping which is about right.
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  • Profile picture of the author Heart Cardio
    Wow that is great. Good for you to make a profit off it. I would have never thought that this would have been a money maker but I am glad that it turned out for you.
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  • Profile picture of the author kooldesigning
    Really you share great information for short time period you earn big amount .lots of knowledge about your post.thanks for sharing....
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    • Profile picture of the author jelii
      I'm doing this full time.
      I wish I knew what these buyers did with them!
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  • Profile picture of the author kimmer551
    Now this is very interesting! I never would have thought about this one.
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  • Profile picture of the author estpog
    Very interesting thread, never thought of that before.
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  • Profile picture of the author Underground Pyro
    Would you please send me the buyer's info? I inherited a bunch of random PS2 crap and I want to sell it now.
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