Quote:
Originally Posted by Rick Lee
I've done ok with buying and flipping stuff, but not on a scale that could make me a living. I recently flipped a guitar for $1175 that I bought a month earlier for $375. And I got a $2200 amp for free after I flipped it on eBay, FedEx damaged it, paid me $2200 and returned it to me. The amp's designer is a friend of mine and repaired it for $200. Now I can sell another amp I don't need for $1000 and pocket that $$. Mrs. Lee does a lot of flipping too, but she has an encyclopedic knowledge of what handbags and shoes can sell for.
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I think selling on Ebay, Amazon, etc can be a great opportunity if you know what to sell and are intimately familiar with the marketplace.
I blowed up a Ducati Hypermotard 1100 and decided to part it on Ebay - my first MC partout. I'm barely 20% of the way into it, but its looking to be quite lucrative, if you're patient and allow the fish to bite at the right price. I could see making some pretty good $$$ if I had say, 5-6 bike partouts going at a time. But... its a very time consuming and messy way to make money. Not ideal.