Analog Arbitrage or “Offline Arbitrage”
I have been following ShoeMoney’s blog for a while now, he is a real inspiration for me. One post in particular got me interested in trying eBay out again. He bought some hardrives wholesale, did some research to see what they were selling for from various sources like the local BestBuy, Craigslist and even in his town. Then sold them for a price higher than he paid for.
ShoeMoney talks about how you can do this for anything as long as you know your market and how to time things right. He had an example about Harry Potter books and how much people were selling for, and it was so inflated. This kind of reminds me of when the XBOX360 and the Wii came out. People made some serious cash off those. Days that are good for this type of thing are around the holidays, more specifically, “Black Friday”. Black Friday is the day after Thanksgiving when everything is on sale. BestBuy, Circuit City, Walmart, Amazon, everything. Might be something to take advantage of and buy to sell later.
I have done eBay deals before, and mostly broke even when doing a sale, sometimes, it was more bother than profit. Research on what you want to profit from is key when making money from anything. I will be experimenting with this, and like most things, it wont be a quick process. You buy items, take a risk and sell them back to beople with the hopes of making profit.
Another story that comes to mind is the “One Red Paperclip“- How one guy took a red paperclip, and traded it and traded it for a better item each time. Long story short, he was able to trade for a house. Anything is possible if you stick to your goals!
This is another one of his motivational posts…now hes got me hungry again.
Hi im Tim and I love to do experiments and take adventures online. Professionally I am a Digital Media Producer out of Boston, MA and design, develop and produce interactive media.