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36. Buy in bulk, sell individually for more

Every now and then you may stumble across some superb offers. Whether it be a coupon you receive or a closing down sale – whatever.

Most people when buying something online will buy repeatedly off the same site if they’ve had good experiences. So despite the fact their may be products cheaper elsewhere, most people are too lazy or scared to buy from a ‘new’ seller.

Ebay is a classic example. Many people automatically assume ebay is the cheapest place for everything. They don’t even research anywhere else. I know that, because I used to think like that.

I’m going to give you guys a link which I know has products for cheaper prices than on ebay;
http://www.dealextreme.com/

As you’ll see from their site, they offer free worldwide delivery and extremely competitive products, with discounts for buying in bulk. These guys mainly ship computing/electrical stuff from Asia, but I use them all the time and have never had any problems. Beware though, if you’re buying in huge quantities and running up bills of $100+ there’s a good chance you may have to pay customs taxes, etc…

It’s a simple case of checking out ebay, making a list of prices for certain items, comparing them with prices from the site and then doing the math. If you can undercut other ebay sellers, you’re basically guaranteed sales.

A good example would be to bulk purchase 25 x 2TB hard drives and sell them individually on Ebay for a profit of $500+, not bad for a couple of hours work.

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