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How I made $100 in profit TODAY

by Dabook
55 replies
So today I wanted to try something a little different. So I went online on ebay and looked for iphone deals. I found an Iphone 4, for only $100 on ebay. I bought it and put an ad up on craigslist for $200. It got sold within 3 hours! It was so easy!
#$100 #made #profit #today
  • Profile picture of the author DABK
    Excellent. How do you make a business out of it?

    Originally Posted by Dabook View Post

    So today I wanted to try something a little different. So I went online on ebay and looked for iphone deals. I found an Iphone 4, for only $100 on ebay. I bought it and put an ad up on craigslist for $200. It got sold within 3 hours! It was so easy!
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  • Profile picture of the author SandraLarkin
    Banned
    Perfect buy low sell high.

    Be careful on the refurbished iphone thing, can get burned very easily.
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  • Profile picture of the author Chosen2013
    Sounds like a good idea, congrats!
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  • Profile picture of the author AmericanMuscleTA
    $200 for an iPhone 4?!

    I was able to get one for $50 a year ago.

    Do you sell them overseas or something?
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    • Profile picture of the author Dabook
      Originally Posted by AmericanMuscleTA View Post

      $200 for an iPhone 4?!

      I was able to get one for $50 a year ago.

      Do you sell them overseas or something?
      No. I sold it on craigslist. You got a good deal dude...most iphone 4's are being sold for $180-$250 on ebay.
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  • Profile picture of the author Jackie0433
    That's actually a really good idea! Will do my research on the prices for iphone's and cell them on eBay. I live in Florida and just about everyone here either has an iphone or a Samsung Galaxy.
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  • Profile picture of the author internetmarketer1
    Great job this is such a great way to make some fast cash. Of course, it is scary sometimes to buy something and resell it later on since the chances of someone buying it can be scarce. However, if it's an iPhone or any Apple product, usually it can be sold easily on sites like CL! Congrats'
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    • Profile picture of the author Dabook
      Originally Posted by internetmarketer1 View Post

      Great job this is such a great way to make some fast cash. Of course, it is scary sometimes to buy something and resell it later on since the chances of someone buying it can be scarce. However, if it's an iPhone or any Apple product, usually it can be sold easily on sites like CL! Congrats'
      This is very true! Electronics sell well!
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  • Profile picture of the author trevstar22
    That's funny because I just started with this again yesterday to make money since nothing else was working for me. Today I spotted an iphone 4 att unlocked for 80 bucks 16GB. These sell for
    Over $200! I wanted to go buy it right away but the lady says tommorow. I hate that.
    I cannot tell you how many deals I lost because someone else makes a better offer.
    There are tons of deals like this on craigslist but the good bargains go FAST!
    By the way the guy who got the iphone for 50 bucks price depends on gigabyts
    A 32 or 64 gig phone sells for way more than 8 gb also if its unlocked
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  • Profile picture of the author Warakizi
    Originally Posted by Dabook View Post

    So today I wanted to try something a little different. So I went online on ebay and looked for iphone deals. I found an Iphone 4, for only $100 on ebay. I bought it and put an ad up on craigslist for $200. It got sold within 3 hours! It was so easy!
    Sounds Like easy, but in fact that's hard
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    • Profile picture of the author Dabook
      Originally Posted by Warakizi View Post

      Sounds Like easy, but in fact that's hard
      It was super easy...took 30 minutes to find the phone, 2 minutes to put up the ad.
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      • Profile picture of the author DWolfe
        And what was the value of your time ? Shipping charges etc ? Lets break this down, it took a half hour to find something to sell... You purchased it on E-bay... Than list the product on C.L. add some more time.

        Now you have to wait for the I-phone to be shipped to you. Open the package and check it was not damage in packing or shipping... Next arrange to contact the guy from Craigs List and either meet him in person or re-pack the I-phone and send it to him. All which takes time hopefully.. If you shipped it to the CL guy he has paid you before he disappears.

        . Not bad but that is not your true profit.. Their is some more time involved which involves packing and shipping costs or gas money to meet CL buyer or arrange him to come to you personally. Just a few things to think about.

        Still nice job on your sale.
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        • Profile picture of the author Dabook
          Originally Posted by DWolfe View Post

          And what was the value of your time ? Shipping charges etc ? Lets break this down, it took a half hour to find something to sell... You purchased it on E-bay... Than list the product on C.L. add some more time.

          Now you have to wait for the I-phone to be shipped to you. Open the package and check it was not damage in packing or shipping... Next arrange to contact the guy from Craigs List and either meet him in person or re-pack the I-phone and send it to him. All which takes time hopefully.. If you shipped it to the CL guy he has paid you before he disappears.

          . Not bad but that is not your true profit.. Their is some more time involved which involves packing and shipping costs or gas money to meet CL buyer or arrange him to come to you personally. Just a few things to think about.

          Still nice job on your sale.
          CL buyer comes to me..and you could easily just buy more than 1 iphone at a time.
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          • Profile picture of the author McKattry
            You can make gads of money, but from what I have heard, if you make a mistake on the front end, you can easily get burned. Unfortunately, if your first phone shipment is full of broken or unusable phones, your going to have some problems recouping your money. If you start off slow though, you know 1 phone at a time like you did, you'll probably do fin

            Good job by the way
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          • Profile picture of the author GforceSage
            Originally Posted by Dabook View Post

            CL buyer comes to me..and you could easily just buy more than 1 iphone at a time.

            Be careful, last month I saw a news story that was very disturbing related to Craig's List. A buyer went to meet a seller to purchase a laptop. The supposed buyer was looking over the laptop and quickly turned and ran out to a waiting car that picked him up and sped away stealing the laptop.

            In another Craig's list story, someone came to test drive a camero to see if they liked it. They did, so the supposed buyer shot and killed the owner and took the camero.

            First thing, notice how the buyer arrives and have a second person with you secretly take a picture of the cars license plate and the buyer before they realize what is going on. This happens as you greet the buyer so it goes unnoticed. Tell them that you want to meet at a public place like a busy McDonalds and ask what kind of car they will be driving so you can locate them easily. You could also pull up behind them blocking them in until the transaction is over. Never hand something into the car if they can drive away. Ask them to get out of the car if you did not block them in. Having strangers come to your house may not be wise. Always be friendly and hospitable, but do all transactions on your terms to be safe. This is how I do it when I resell sports tickets. I always engage in small talk about the team they are going to see and make the buyer feel that I appreciate their business, but I always maintain a stern body language and have created a sense that I am in control of the situation in case the buyer had any intentions of pulling any BS.
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  • Profile picture of the author Taly
    *LIKE*
    This is the way
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    • Profile picture of the author Dabook
      Originally Posted by Taly View Post

      *LIKE*
      This is the way
      Thank you very much!
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  • Profile picture of the author Mark Bates Lead Savvy
    Interesting, congratulations!!
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    • Profile picture of the author Dabook
      Originally Posted by Mark Bates Lead Savvy View Post

      Interesting, congratulations!!
      I might start doing this with laptops now
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  • Profile picture of the author socialentry
    1.You'll do a lot of haggling. CL is full of really ghetto people.

    2. At least in my city, CL sell below ebay prices or it's so close that the labor will not be worth the margin.
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  • Profile picture of the author Mav91890
    Man $200 for an Iphone 4 is kind of crazy.
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  • Profile picture of the author Mav91890
    Best way of doing this in my opinion and finding the good deals on craigslist or haggling with people who need cash fast. Then wind up reselling it for a nice profit on craigslist.
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  • Profile picture of the author beasty513
    This kind of arbitrage is something I need to look into.

    There is all kind of products you can use the same methods.
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  • Profile picture of the author iphone6
    Great job. Nice sharing as well :-)
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  • Profile picture of the author bandphone
    I have been doing this completely full time for 5 years! There are tons and tons of others ways besides CL to get these phones too! CL is usually the least profitable way because there is so much competition as well as someone that takes the time to try and retail their phone is usually aware of the approximate value.

    When buying phones you want to find people that have them laying around bc they severely undervalue them!
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  • Profile picture of the author isaacsmithjones
    You did all of that in the same day? Did you pick up the phone from the ebay seller?

    Because then that would make sense as to why you got such a good price.

    I did something similar when I was a teenager. But the electronics niche didn't really suit me, because I had a few bad deals with faulty items, and then that was followed by paypal issues, due to a complaint from a customer.

    Wasn't worth the hassle for me.

    As someone else mentioned, it's easy to get burned.

    However, forget the negativity... If it's working for you, stick at it. I'm just warning you. But if you're selling on craigslist, it cuts out the paypal issue anyway.
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    • Profile picture of the author bandphone
      Originally Posted by isaacsmithjones View Post

      ut the electronics niche didn't really suit me, because I had a few bad deals with faulty items, and then that was followed by paypal issues, due to a complaint from a customer.

      Wasn't worth the hassle for me.
      I too began by buying devices on CL and reselling on ebay and amazon and I personally didnt like the hassle of it. Fraud, limits, holds, etc, causes you to need a lot more capital.

      I like to buy devices and sell to bulk buyers that then sell overseas.
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  • Profile picture of the author Night Dreamz
    ooh what a crazy mind
    Best of Luck ... for more deals on ebay...
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  • Profile picture of the author sevemichaelml3
    has anyone else sold iphones like this also? sounds promising.
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    • Profile picture of the author alzack
      That seems interesting, but the business does not look sustainable.

      However, it is better than getting nothing.

      Great effort and thanks for sharing.
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  • Profile picture of the author pd
    Wowh, Its a new idea for business.
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  • Profile picture of the author Roaarr
    Congrats buddy.
    Some acheivements always go a long way.
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  • Profile picture of the author FreedomBlogger
    daaamn that's freaking awesome!!

    Perfect that process for future deals and you can be making $100 a day from this alone!

    Congratulations!!

    Cheers!
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  • Profile picture of the author pertick
    Congratulation mate

    It's really a new idea to earn money in one stroke, I don't know about it. Thanks for sharing your awesome experience.
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  • Profile picture of the author HelpingYouBeAnExpert
    Not bad I'm amazed how obsest people are with iphones.
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  • Profile picture of the author pienisieni
    Since when did eBay become such a bargain? Well done on the good resale!
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  • Profile picture of the author C G
    Wow what a bargain. Try to find other stuff to sell

    Cheers,

    C.G.
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  • Profile picture of the author RyanJohnson1
    Originally Posted by Dabook View Post

    So today I wanted to try something a little different. So I went online on ebay and looked for iphone deals. I found an Iphone 4, for only $100 on ebay. I bought it and put an ad up on craigslist for $200. It got sold within 3 hours! It was so easy!
    Usually people on craigslist want to buy things locally so did you wait until you actually received the phone before you sold it or did you sell the phone without even having it in your possession?
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  • Profile picture of the author Randall Magwood
    I might tell my niece to do the same thing. She's a fanatic on ebay. But i have her selling all kinds of different stuff. Hey if it works for you, keep doing it. Congrats on that $100 profit today.
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  • Profile picture of the author nassertamimy
    Congrats,
    Success indescribable feeling!
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  • Profile picture of the author Vince Rivera
    Haha I bet it felt sooo good! now scale it up! think of a twist you could make with that method and implement.

    More power to you.

    Vince
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  • Profile picture of the author Brent Stangel
    Have any of you ever watched "The People's Court?"

    Most of the cases originate on CL.

    Buying products you know nothing about (because no one ever sells junk on Ebay ) and passing it on to unsuspecting buyers is a recipe for disaster. Good luck with that.

    If you want to build a real, sustainable business, you might want to keep looking.
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    • Profile picture of the author gjabiz
      Originally Posted by Brent Stangel View Post

      Have any of you ever watched "The People's Court?"

      Most of the cases originate on CL.

      Buying products you know nothing about (because no one ever sells junk on Ebay ) and passing it on to unsuspecting buyers is a recipe for disaster. Good luck with that.

      If you want to build a real, sustainable business, you might want to keep looking.
      Sustainable? I've been buying and selling since 1968. Is that sustainable?

      Sure, it has always been buyer beware. And as you point out, there could be conflict, especially when selling something defective and/or doesn't work like the ad says.

      But buying and selling, now called "picking" by some, or "chatteling" by others is the oldest profession in the book.

      As long as we're watching TV, tune into the Pawn Shows, American Picker, the Storage Wars, the antique shows...and you'll see buying and selling is a HUGE enterprise. Like so many things, it depends on how you go about doing it.

      It is NOT new. It is done everyday by millions of people via Ebay, Craigslist, classified ads in newspapers, etsy, TV shows and on line.

      Today, there is a way for ANYONE to make that 100 bux a day with their local craigslist. NOT just with eye phones, but with ordinary everyday chattel or personal property, like bikes, curtains, coffee machines, etc.

      AND, for those who want sustainable income, a 1000 dollar a day deals are not uncommon.

      YES, it helps if you know what you are doing. Nothing new here. Nothing spectacular or even a need for lawsuit if you just do what you do with integrity and honesty and make a profit by simply buying over there, and selling over here. Been done for centuries.

      gjabiz

      PS. NO, won't ever be a WSO on the subject, I wrote the "bible" on chatteling over 15 years ago, hundreds of people do it everyday whom I've taught. Millions do it on their own.
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  • Profile picture of the author marax
    Nice sharing.
    Another person might have put that into a 10 page PDF
    and sell it in the WSO section with "Valued at $97, but yours for just $7"
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  • Profile picture of the author gmarklin
    Congratulations, but you might have just been lucky, but try it again
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    • Profile picture of the author Malachi Terry
      Congrats on making a $100 profit in one day! I am all for scaling up and finding new ways to hustle, just make sure you take it slow and steady so you don't get burned. Craigslist and Ebay can both be sketch at times.
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  • Profile picture of the author Chris-
    Cool, although I'd describe that more as a "job" than a "business" . . . I'd define a business as something which can be outsourced or sold . . . if YOU need to do it, then it's really a "job" and personally, I very much want a business not a job

    Of course, it might well be possible to outsource that approach . . . pay one person to buy under-valued things on Ebay and another to sell them elsewhere. One might be able to get programmers to write an automation script to determine the real value of things (from sale prices) so one knows what is being sold too cheap, etc. Might be worth doing.

    Chris
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  • Profile picture of the author Trey Morgan
    Great way to make some fast cash. It's all about taking action. Congrats.
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