Hello my Friends.
Today i have something exclusive for USA residents only! I know that i had promised to deal only with Global resourses, but this one seems so important that i simply cannot ignore! Let's hope that some day may become available to global consumers as well.
It's all about for an Auction department of a well known online store. The main website is a webstore like all the others and you can visit it here: http://www.samsclub.com
But we will not use the main website, instead we'll focus our interest at this url: http://auctions.samsclub.com/?selectedTab=auctions&iid=Auctions|3PMainNav|Auctions
This is the Auction Department of the above website and is handling all the overstock that it has and the returns from the customers as well. The cool thing is that items are all brand new with original packaging, with a 30-day return policy and bidding to start at $1 for all items!.
Using the technique that i'm going to describe, you'll be able to grab some items dirty cheap either for your own use, or reselling them for a nice and easy profit! So, here are the necessary steps:
1. Register for an Account at the Sam's Club Website
2. Examine the available bidding prices of the items. I recommend hitting only electronics like TVs,Home Cinema Packs, Laptops e.t.c
3. Compare the prices with some online website that focuses in comparing the prices at online stores, the ones that we had learn at a previous post.
4. If the price of the item is less than 2/3 of the lowest price at the price comparison website, go ahead and make a bid
5. Do not start a bidding war! If someone else is online at the time you're placing your bid and he's making continues bids, just ignore this item and go for another! There is plenty of room for everybody!
6. Try to bid at odd hours (when the most of U.S. residents are asleep).
7. Good time for placing your final bid is about 5.5-6 minutes before the end of an auction. That is because at this particular website they have something they call 'popcorn bidding', every bid that takes place at the last 5 minutes extends the whole bidding time by 3 minutes.
Your target will always be to obtain an item at 60-66% of its real retail value (or below of course). Never go above this percentage. Your sales target should be about 80-85% of the same amount, thus making a whole 15-25% gain! At the same time your customers will be extremely happy because they'll get a product at a 15-20% discount. This is undoubtfully a win-win situation!
You can sell this stuff either at ebay, either through classifieds ads at craigslist.org, even better if you could sell locally by yourself to some friends,relatives,e.t.c. Your items should sell in no time because you'll give 15 days of return policy! What i just said? Since you have 30 days from Sam's Club to return an item if you are not completely satisfied, you can pass some of this amount of time to your customers!
Isn't this 'So Cool' or what?
Well, no more talking for tonight. If you're lucky enough to be a US Resident, do not hesitate at all! Until our next time bye-bye.
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