Make extra money by reposting buy and sell online

Pasay, Philippines
May 4, 2012 9:00am CST
I've heard a news online that a 14 year-old guy have made way of buying a good model of a bar just by buying and selling online. He's buying it online and reselling it in a better price. Also if it is needed to be traded to an item it could be higher or lower. It's like the game of the trade for me. I haven't done it yet and i was about to try it. I'm selling stuff but not reselling what I bought. If I'm going to sell it; it is going to be in a lower price since it is considered as used up or hand me downs ("second-hand" as we call it here) Can you tell me if this is agreat business to venture. Why or why not? Please let me know what's on your mind about this trading business. Thanks, mylotters!
6 responses
@zarasoc (110)
• Philippines
5 May 12
Yes I think buy and sell is a really good business just like those who buys finished products and sells those on higher prices. So it is very important to find a cheaper source of products to really earn from it and usually we can get discounts for buying wholesale. Selling second hand items could be a source of good income too specially if those items have market.
1 person likes this
@lady1993 (27225)
• Philippines
25 May 12
I have heard lots of success stories that do buy and sell. All you have to do is find the right customers first before you start..make friends online or make a blog to promote your products.
@TeamCholent (2832)
• United States
4 May 12
There is of course a lot of value in buying goods at one price and selling them at another, that is what every store that sells items does. You have to make sure when you buy and sell you factor in the shipping costs, costs to use the site you bought/sold the items on etc. Make sure you do your homework correctly and you can even try and source items locally from yard sales etc. Best of luck!
@jaderamirez (1029)
• Philippines
8 May 12
Reselling and selling online is great but cannot guarantee us of a fix income. I am selling wholesale blouses and shorts online and I do not get so much customers. But it is okay because I still have my offline customers.
@superbadx (484)
• Malaysia
5 May 12
Well, this is of course a good or even great business to run if you actually know what you are doing. I am also doing this business but in low profile with low budget and profit. To put it simply, all you have to do is make some research about items in your area and cross it's price with the online price or usually ebay. If the price is on ebay is lower, do more research on the web for wholesaler which offer lower price than you seen on ebay to buy. For me, i used to resell blackberry housing which at ebay, the price is 2-3 times lower than local price. Which means when i make a deal with a wholesaler outside ebay, i get 3-5 times lower price than the local market that also means i get about 100-300 percent profit for each items.
• Indonesia
7 May 12
there is lot easier to do online trading, many trade and the extent of outreach to the opportunity to sell more but this time not few scams that occur due to online trading, i've read a personal experience how a house will sell online event foold even a losing big, not to little to buy or sell electronics goods that fooled even telephone for sale online is not the buyer only, the seller may be affected deception.sometimes the thing we are not the same message that is sent with the goods after we make a payment online.becouse traders and buyer may not know each other. If we want to sell or buy goods , beter is not expensive and we really learned the merchants's reputation, but may experience if you want to buy goods online use paypal, becouse complaint will be responded to our sellers as there are rules strictly from paypal event we could pay what we pay our message and not send it to us.no matter how carefull we have to keep with online sales.