Originally posted by: Safeway
Originally posted by: jjsole
Scan the internet and hotdeal sites incessantly, purchasing all items possible that are mistakenly way underpriced. Sue when your transactions aren't honored, ebay when they are.
It's free money!
Problem is, I can't find enough volume if I only target mistakes. Same goes for flipping items on Craigslist and eBay. I've made good money buying Herman Miller chairs for $6.99 and reselling them, but there isn't the kind of volume I need. In order to get that volume, I'd need to set up shop somewhere and deal in bulk discounted purchases. A friend of mine bought 10,000 Nike duffle bags for 5 cents each, then sold them to stores like Ross and Marshalls for a decent profit. Deals like that come around occasionally, but they aren't consistent enough! He eventually got out of the business because getting those types of deals involved quite a bit of luck.