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I need an easy way to flip $500

by PLR Basket
28 replies
Any suggestions?
#$500 #easy #flip
  • Profile picture of the author GordonJ
    Originally Posted by PLR Basket View Post

    Any suggestions?
    Clarify.
    What do you mean? Want?

    GordonJ
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    • Profile picture of the author PLR Basket
      Originally Posted by GordonJ View Post

      Clarify.
      What do you mean? Want?

      GordonJ
      I'd like to buy and sell something. Or provide services, like promotion for instance.
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      • Profile picture of the author GordonJ
        Originally Posted by PLR Basket View Post

        I'd like to buy and sell something. Or provide services, like promotion for instance.
        Warrior Barb Ling has a report, for buying Fiverr Jobs and flipping them for 300 bux. Contact her to see what her report costs, might be just what you want.

        GordonJ
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      • Profile picture of the author GordonJ
        Originally Posted by PLR Basket View Post

        I'd like to buy and sell something. Or provide services, like promotion for instance.
        Well, some very good advice, tested and proven BUT...

        I have to wonder why? One suggestion is an Amazon selling platform, with the slop and mess of sending your products to them, then there is import and export, a good strategy for the patient and knowledgeable, and eBay keeps on keeping on, with restrictions, costs and mailings.

        Sigh.

        85% of Americans live within a couple of hours (if that) of a city, where there is a Craigslist. The greater the population of your area, the more people who use craigslist. And most cities still have a weekly paper with classified ads.

        There is NOTHING simpler than putting your TV in the yard with a 4-Sale sign on it. OR running a free ad on Craigslist and FACEBOOK. Every single day, millions of dollars exchange hands when people buy and sell stuff.

        Sure, use eBay SOLD listings to get market value. Use ebay, google and amazon to get perceived value, sure you want to BUY things that have some stored value in them (which is why you check the sold listings)...

        but CIRCULATION beats storage. It doesn't matter what you buy, or what you sell as long as there is profit in it.

        Do whatever and which ever way you want, but there is nothing easier than checking on your local craigslist to see what is for sale. Buy over here, sell it over there, often within hours. Done every single day. Teens do it with games.

        But, just as an observation, Warriors in particular love to overcomplicate and find ways to make easy things hard. You want to make your 500 bux, find ONE transaction or do 10 with a 50 buck profit.

        Or put your waders on, head into the pig pen and find some of those other pearls which have been cast in.

        GordonJ
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        • Profile picture of the author Ron Lafuddy
          Originally Posted by GordonJ View Post

          Well, some very good advice, tested and proven BUT...

          I have to wonder why? One suggestion is an Amazon selling platform, with the slop and mess of sending your products to them, then there is import and export, a good strategy for the patient and knowledgeable, and eBay keeps on keeping on, with restrictions, costs and mailings.

          Sigh.

          85% of Americans live within a couple of hours (if that) of a city, where there is a Craigslist. The greater the population of your area, the more people who use craigslist. And most cities still have a weekly paper with classified ads.

          There is NOTHING simpler than putting your TV in the yard with a 4-Sale sign on it. OR running a free ad on Craigslist and FACEBOOK. Every single day, millions of dollars exchange hands when people buy and sell stuff.

          Sure, use eBay SOLD listings to get market value. Use ebay, google and amazon to get perceived value, sure you want to BUY things that have some stored value in them (which is why you check the sold listings)...

          but CIRCULATION beats storage. It doesn't matter what you buy, or what you sell as long as there is profit in it.

          Do whatever and which ever way you want, but there is nothing easier than checking on your local craigslist to see what is for sale. Buy over here, sell it over there, often within hours. Done every single day. Teens do it with games.

          But, just as an observation, Warriors in particular love to overcomplicate and find ways to make easy things hard. You want to make your 500 bux, find ONE transaction or do 10 with a 50 buck profit.

          Or put your waders on, head into the pig pen and find some of those other pearls which have been cast in.

          GordonJ
          As far as selling stuff on Craigslist, it depends on your level of comfort with risk taking.

          There's some real scumbags that "work" Craigslist, as buyers and sellers. Not the kind of people you want to invite over to the house, if you know what I mean.

          Yeah, you can meet them in the parking lot of McD's or the local cop shop, but if you're going to be selling things on a regular basis, probably best to work out something less adventurous.

          I have a local guy who is an ebay seller. I give him stuff from time to time and he does the rest. We split the proceeds.

          The arrangement works for both of us. Also, if you aren't in a hurry, resale and consignment shops can be another way to "get 'er done".

          And, for rings, jewelry, silverware and such, there's always the local 'we buy gold', jewelry and pawn shops. Speed and convenience have their place.

          Ron
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  • Profile picture of the author feedmemoreadscom
    Try the stock market...old school style.
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    • Profile picture of the author PLR Basket
      Originally Posted by feedmemoreadscom View Post

      Try the stock market...old school style.
      Are you serious? I thought about that. Do you know any platforms that I could use? I would be comfortable with starting with $200.
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  • Profile picture of the author savidge4
    I would say the absolute easiest way to flip cash... goto Walmart and hunt down the discount section. Look up each item on e-bay and click on "advanced search" and then check mark "sold listings" and see exactly what the potential profit is. Buy as many of an item with large upsides and a good amount of sales. $500 can be pretty easy to make.

    My wife does this pretty much as a job. She netted 6 figures this year alone. A few example items she bought and sold; a few years ago xbox 360 headphones with mic she paid $5.00 for and sold them for $35.00 or $40.00 each. This year she got her hands on 20 xbox one controllers for $8.00 each and sold them for $40.00. She found a close out on generators earlier this year ( I think we had 40 of them ) paid 129.00 and sold them for $300.00

    And its not just Walmart.. Ollies, Home Depot, Lowes, Target, Kohl's, anywhere that closes out items. The secret is with the "Advanced Search" function of e-bay. you know exactly how much they are selling for, and how often an item is selling.

    Hope that Helps!
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    • Profile picture of the author ContentGather
      Originally Posted by savidge4 View Post

      I would say the absolute easiest way to flip cash... goto Walmart and hunt down the discount section. Look up each item on e-bay
      Curious - has she tried selling on Amazon instead? I know somebody who does something similar. He said he tried both eBay and Amazon and found Amazon to be much easier. You send your products in bulk to Amazon, and they'll store and ship them for you.
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      • Profile picture of the author savidge4
        Originally Posted by ContentGather View Post

        Curious - has she tried selling on Amazon instead? I know somebody who does something similar. He said he tried both eBay and Amazon and found Amazon to be much easier. You send your products in bulk to Amazon, and they'll store and ship them for you.
        And they do it for a price.. sure its easy.. but if the idea is to maximize profit potential.. put in the little amount of work, and ship it yourself.

        Think for a moment... you buy an item.. you then ship it to Amazon ( or even drive it to a distribution center - closest to me is 100 miles away) that is an expense. they then take 20%? I don't recall.. and you pay the shipping expense. If your not careful, I would bet you could loose money real fast.

        Using e-bay you loose 10% total.. 5% to Ebay, and 5% to Pay-Pal ( these are my expenses not to directly relate to the charges your account may occur - Ive used them for a while, and use it a lot ) and then the cost of shipping, and using the shipping module in ebay itself the shipping is decently priced... on bigger items I personally use UPS where I get a good discount from being a USAA member.
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      • Profile picture of the author automathings
        There is one advantage to selling on Ebay - if it doesn't sell you might be able to return the item to the store.
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    • Profile picture of the author Ron Lafuddy
      Originally Posted by savidge4 View Post

      I would say the absolute easiest way to flip cash... goto Walmart and hunt down the discount section. Look up each item on e-bay and click on "advanced search" and then check mark "sold listings" and see exactly what the potential profit is. Buy as many of an item with large upsides and a good amount of sales. $500 can be pretty easy to make.

      My wife does this pretty much as a job. She netted 6 figures this year alone. A few example items she bought and sold; a few years ago xbox 360 headphones with mic she paid $5.00 for and sold them for $35.00 or $40.00 each. This year she got her hands on 20 xbox one controllers for $8.00 each and sold them for $40.00. She found a close out on generators earlier this year ( I think we had 40 of them ) paid 129.00 and sold them for $300.00

      And its not just Walmart.. Ollies, Home Depot, Lowes, Target, Kohl's, anywhere that closes out items. The secret is with the "Advanced Search" function of e-bay. you know exactly how much they are selling for, and how often an item is selling.

      Hope that Helps!
      Good post. I did something similar with an item from the local dollar store. They buy and sell a lot of close out merchandise.

      The item was a disposable camera. I included it in an auto accident kit that I was marketing. Similar cameras cost $4-$5 each, elsewhere.

      I bought every camera the dollar store had or could get from one of their other stores, at the time. Somewhere around 200 cameras, for a buck each. That kept my cost low for the kit, around $2.00 ea. I sold them for $6 - $7 ea., depending on how many the customer purchased.

      I sold everything I had.

      The manager at the dollar store asked me if I wanted any more cameras, as she had located a source. I told her no.
      I figured the project had run it's course.

      Wrong!

      I hadn't considered reorders. They started coming in a couple of weeks later.
      The kits were a big hit with the businesses I sold them to and they wanted to order more.
      I was caught, as they say, "flat-footed".

      My contact at the dollar store hadn't ordered more cameras, since I told her I wouldn't be buying more. The camera was a close out item and not as available at that point, as it had initially been.

      I could have easily sold 3-4 times the initial 200 orders, in repeat business.

      I didn't make that mistake again.

      Ron
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    • Profile picture of the author PLR Basket
      I heard eBay requires that you ship a certain amount of product before you can access your funds, is that true?
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      • Profile picture of the author savidge4
        Originally Posted by PLR Basket View Post

        I heard eBay requires that you ship a certain amount of product before you can access your funds, is that true?
        Once you have everything set up they initially hold the funds til the packages are "Delivered" ( be sure to use tracking as a shipping option ) after some amount of time it does pretty much become direct deposit to your ebay acct.

        Originally Posted by Ron Lafuddy View Post

        I did something similar with an item from the local dollar store. They buy and sell a lot of close out merchandise.
        We have a diet website that is centered around the 8" plate theory.. smaller plate smaller portions... it is actually a hard size to find... we have gotten ours for years from the dollar store. Plate $1.00 some added other things $6.00 Shipping $3.75 - our start up package.. $19.99

        The potential to buy low and sell high is everywhere! I think that's why I like to sell product above and beyond anything else on the net... easy to get product.. and easy to sell it.
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    • Profile picture of the author PLR Basket
      Originally Posted by savidge4 View Post

      I would say the absolute easiest way to flip cash... goto Walmart and hunt down the discount section. Look up each item on e-bay and click on "advanced search" and then check mark "sold listings" and see exactly what the potential profit is. Buy as many of an item with large upsides and a good amount of sales. $500 can be pretty easy to make.

      My wife does this pretty much as a job. She netted 6 figures this year alone. A few example items she bought and sold; a few years ago xbox 360 headphones with mic she paid $5.00 for and sold them for $35.00 or $40.00 each. This year she got her hands on 20 xbox one controllers for $8.00 each and sold them for $40.00. She found a close out on generators earlier this year ( I think we had 40 of them ) paid 129.00 and sold them for $300.00

      And its not just Walmart.. Ollies, Home Depot, Lowes, Target, Kohl's, anywhere that closes out items. The secret is with the "Advanced Search" function of e-bay. you know exactly how much they are selling for, and how often an item is selling.

      Hope that Helps!
      Thank you, that was a great idea, and I thought about it earlier. Games are really hot at the moment, went to the local flea market looking for a particular game that is in high demand right now (Smash Bros Melee), but unfortunately, it was overpriced. I might think about controllers though. I will go back to the same store and see how much they sell their XBox 360 controllers for.
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      • Profile picture of the author tryinhere
        Originally Posted by PLR Basket View Post

        I will go back to the same store and see how much they sell their XBox 360 controllers for.
        Think about these things before you buy from markets / used

        1. Supply > are these available everywhere and if so why ? for example does every flea market have controllers for sale ? if they do why ? > 2.

        2. Demand > is there a strong demand for the controllers ? if every market has them then you would say demand is low and as such your options to sell are lower

        3. Quality > you need to have great quality in what you buy at the markets, people will pay for quality over and above an average product that shows wear and tear.

        so when buying to flip at a market ask those questions, for example you said you saw a game in demand but it was a little high in price, and It may have been better to haggle a bit on price to buy an item that met the above checklist

        Supply was lower, it is in demand and lets guess the quality was high, so now that you know this you would also know approx it's sale price, meaning the cheaper you can bargain the purchase the more your potential profit and a quick sale to a happier customer.

        Now lets say controllers are a dime a dozen, they are in low demand and the quality is medium then your really just tying your money down and will probably sell at a few nickels on a slow sale just to turn your money over and could even end up with a loss.

        Examples only as controllers may also be in demand etc. but you get the idea, good luck with it.
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    • Profile picture of the author yukon
      Banned
      Originally Posted by savidge4 View Post

      I would say the absolute easiest way to flip cash... goto Walmart and hunt down the discount section. Look up each item on e-bay and click on "advanced search" and then check mark "sold listings" and see exactly what the potential profit is. Buy as many of an item with large upsides and a good amount of sales. $500 can be pretty easy to make.

      My wife does this pretty much as a job. She netted 6 figures this year alone. A few example items she bought and sold; a few years ago xbox 360 headphones with mic she paid $5.00 for and sold them for $35.00 or $40.00 each. This year she got her hands on 20 xbox one controllers for $8.00 each and sold them for $40.00. She found a close out on generators earlier this year ( I think we had 40 of them ) paid 129.00 and sold them for $300.00

      And its not just Walmart.. Ollies, Home Depot, Lowes, Target, Kohl's, anywhere that closes out items. The secret is with the "Advanced Search" function of e-bay. you know exactly how much they are selling for, and how often an item is selling.

      Hope that Helps!


      After reading this I did a few advanced searches on ebay and stumbled onto a niche that I would have never thought existed. It's a very odd but simple niche that involves recycling. I see at least one major seller with almost 2 million sales and been active for over 10 years.

      Seriously, I can't believe people buy this stuff, some (not all) is in extremely poor condition, still sells.
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    • Profile picture of the author automathings
      Out of curiosity, there are phone apps that automate this process by scanning a bar code. Has she tried any of those?
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      • Profile picture of the author savidge4
        Originally Posted by automathings View Post

        Out of curiosity, there are phone apps that automate this process by scanning a bar code. Has she tried any of those?
        The apps I have seen only show the current listings for sale. They DO NOT allow you to do the advanced search to see how much they have sold for and how many. those at the key points of data.

        The key point in all of this is knowing for sure what you can sell an item for.. just because it is listed for $60.00 doesn't mean it sold for that ( IE best offer etc ). Or you can find that hardly any of the buy it now are selling and only actions at below your cost are the ones being sold.
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        • Profile picture of the author automathings
          Originally Posted by savidge4 View Post

          The apps I have seen only show the current listings for sale. They DO NOT allow you to do the advanced search to see how much they have sold for and how many. those at the key points of data.
          That's good to know. It must be technically possible to create though because companies like Profit Scraper are collecting the Ebay data necessary to pull off such a feat. If I run into one that does what you want, I'll let you know.
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    • Profile picture of the author jideofor
      Originally Posted by savidge4 View Post

      I would say the absolute easiest way to flip cash... goto Walmart and hunt down the discount section. Look up each item on e-bay and click on "advanced search" and then check mark "sold listings" and see exactly what the potential profit is. Buy as many of an item with large upsides and a good amount of sales. $500 can be pretty easy to make.

      My wife does this pretty much as a job. She netted 6 figures this year alone. A few example items she bought and sold; a few years ago xbox 360 headphones with mic she paid $5.00 for and sold them for $35.00 or $40.00 each. This year she got her hands on 20 xbox one controllers for $8.00 each and sold them for $40.00. She found a close out on generators earlier this year ( I think we had 40 of them ) paid 129.00 and sold them for $300.00

      And its not just Walmart.. Ollies, Home Depot, Lowes, Target, Kohl's, anywhere that closes out items. The secret is with the "Advanced Search" function of e-bay. you know exactly how much they are selling for, and how often an item is selling.

      Hope that Helps!
      can someone not based in the US do this? I am in Nigeria for instance. How can I buy and sell like this? Thanks.
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  • Profile picture of the author DABK
    Someone I know buys/acquires for free used furniture, cleans and paints it, then sells it for many times more she paid for it.

    For instance, she purchased on craigslist a table for $25 (used to be white). Went to pick it up, got it home, painted it a light brown color. Put it on craigslist for $150. Sold it for $150.

    Seems you can't do it with any piece of furniture on craigslist: It requires that you know what to buy... But if you can tell what sells and what to do to a piece to make it sell for enough above what it cost you...

    A variation of this was done by someone else: buy on craigslist for $X and, without doing anything to what you bought, put it up on craigslist for more... Seems a lot of sellers on craigslist undercharge (want to sell too fast to get full value). If you know how to spot them...

    Note to all: I did not do any of the above myself, just came across people who do/did.

    Closest I came to something like this is my brother bought some smoke alarms in China and sold them in Europe for many times more than what he paid for... Did not manage to sold all he bought before he got tired of dealing with smoke alarms and moved on to something else. (He does that a lot; that's why we love him.)
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    • Profile picture of the author Ron Lafuddy
      Originally Posted by DABK View Post

      Someone I know buys/acquires for free used furniture, cleans and paints it, then sells it for many times more she paid for it.

      For instance, she purchased on craigslist a table for $25 (used to be white). Went to pick it up, got it home, painted it a light brown color. Put it on craigslist for $150. Sold it for $150.

      Seems you can't do it with any piece of furniture on craigslist: It requires that you know what to buy... But if you can tell what sells and what to do to a piece to make it sell for enough above what it cost you...

      A variation of this was done by someone else: buy on craigslist for and, without doing anything to what you bought, put it up on craigslist for more... Seems a lot of sellers on craigslist undercharge (want to sell too fast to get full value). If you know how to spot them...

      Note to all: I did not do any of the above myself, just came across people who do/did.

      Closest I came to something like this is my brother bought some smoke alarms in China and sold them in Europe for many times more than what he paid for... Did not manage to sold all he bought before he got tired of dealing with smoke alarms and moved on to something else. (He does that a lot; that's why we love him.)
      Yep. Deals on furniture, books and a host of other things, can sometimes be found at the local Salvation Army, Good Will, Purple Heart, etc. I've donated antique furniture to a local women's shelter, that has a resale outlet.. I was told that they occasionally receive all the furniture in a house, as a donation, just to get rid of it.

      A message to you pack rats out there. You know who you are.
      So do your family members.

      Get rid of that stuff you have, cluttering up the closets and the basement.
      Some of you have so much stuff, you can't even park your car in the garage.

      No one else cares about your stuff as much as you do. If you force others to have to deal with it, after you're gone. They'll do whatever is necessary to get rid of it quickly.

      Most of it will likely end up in a rented dumpster

      Get rid of that stuff, while you still can. If there's something special that you'd like to pass on to someone, give it to them now, while you're thinking about it.

      Later never comes.

      Ron
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      • Profile picture of the author savidge4
        Originally Posted by Ron Lafuddy View Post

        Some of you have so much stuff, you can't even park your car in the garage.
        Until about 2 years ago... there was a path and my cars / trucks sat outside. I now have 2 buildings.. both larger than my house! LOL
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        • Profile picture of the author DABK
          Looks like you should be out and about, acquiring stuff, not typing up posts on warriorforum, man!

          Originally Posted by savidge4 View Post

          Until about 2 years ago... there was a path and my cars / trucks sat outside. I now have 2 buildings.. both larger than my house! LOL
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        • Profile picture of the author Ron Lafuddy
          Originally Posted by savidge4 View Post

          Until about 2 years ago... there was a path and my cars / trucks sat outside. I now have 2 buildings.. both larger than my house! LOL
          Sometimes the idea of "collecting" gets a little out of hand.

          There was a senior citizen in town who received a recognition award from the city. The local newspaper sent a reporter out to interview him at his home. The "real story" proved to be very different, from what the reporter expected.

          Turns out the guy collected newspapers. A lot of them.

          He had been collecting newspapers, for over 30 years. This was back in the day, when daily newspapers were full sized and thick.

          The old dude had stacks of newspapers, from the floor to the ceiling, throughout the inside of his house. To get from one room to the next, you had to walk through the newspaper maze, he'd created.

          As I recall, the city condemned the house after he died, and the fire dept. used it for live training. Must have been a hell of a fire!

          Ron
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  • Profile picture of the author TheBigBee
    If you posted this thread a few weeks ago, my answer would have been simple; resell toys for Christmas!
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