reselling http://www.wisebread.com/taxonomy/term/16657/all en-US Seen Something for 70% Off or More? Buy It. http://www.wisebread.com/seen-something-for-70-off-or-more-buy-it <div class="field field-type-filefield field-field-blog-image"> <div class="field-items"> <div class="field-item odd"> <a href="/seen-something-for-70-off-or-more-buy-it" class="imagecache imagecache-250w imagecache-linked imagecache-250w_linked"><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/imagecache/250w/blog-images/4528228662_c6bdd8644a_z.jpeg" alt="Bargain Hunters" title="Bargain Hunters" class="imagecache imagecache-250w" width="250" height="166" /></a> </div> </div> </div> <p>That title may seem like strange advice from someone like me, who wants you to spend money wisely and live large on a small budget. Simply throwing your money away on stuff you don't need just because it&rsquo;s massively discounted is hardly good frugal advice.</p> <p>Or is it?</p> <p>You see, there&rsquo;s a word I have just discovered &mdash; arbitrage. It&rsquo;s most commonly used in the stock market. Here&rsquo;s the definition, courtesy of Merriam Webster:</p> <p>&ldquo;The nearly simultaneous purchase and sale of securities or foreign exchange in different markets in order to profit from price discrepancies.&rdquo;</p> <p>It&rsquo;s a bit dry, but the practice can be summed up as &ldquo;buy low, sell high.&rdquo; Now that&rsquo;s fair enough in the stock market and if you&rsquo;re in the wholesale business, but what about the casual eBay or Craiglist user?</p> <p>Well, it works in exactly the same way. And if you&rsquo;ve got a keen eye and a few bucks set aside, it can be a little sideline that can become very profitable.</p> <p>So if you want to take advantage of arbitrage and put some extra bucks in your pocket before, during, and after the holidays, here are some tips on finding deals and making a tidy profit. (See also: <a href="http://www.wisebread.com/get-a-deal-every-time-you-shop-with-these-tools">Get a Deal Every Time You Shop With These Tools</a>)</p> <h3>1. Always Check the Clearance Shelves in Target and Other Stores</h3> <p>I zeroed in on Target because I get my best profit margins from their sales. For some reason, Target just seems to drop prices dramatically on some items at various times of the year, and they pay off quickly. <a href="http://www.wisebread.com/tips-for-perimeter-perusing-at-target">Scour the end caps</a> and find items that are in pristine condition, are heavily marked down, and have a good chance for resale.</p> <h3>2. Look for Deals Other People Would Want, Not Just You</h3> <p>This is a golden rule. If you look through the shelves and see nothing that interests you, don&rsquo;t walk away. I recently purchased a bunch of exercise equipment that I will not use because I have a gym membership and go regularly. But these pieces of equipment (kettlebells, steps, free weights) were marked down 75%. I sold them just a few weeks later for twice what I paid for them. The buyer got a deal, I made some money, and the store got rid of unwanted stock. Remember, one man&rsquo;s trash is another man&rsquo;s treasure.</p> <h3>3. Amazon&rsquo;s Gold Box Is a Treasure Trove of Deals</h3> <p>Amazon has Gold Box deals every day, and sometimes they give you awesome savings. Again, remember the golden rule&hellip;is it something someone else would pay more for than you're paying right now? If it is, buy it and resell it. Also, Amazon has some crazy sales that you can take advantage of. When it's 70% off at Amazon, you can sell it for a very handsome profit and still give someone else a deal.</p> <h3>4. Take Advantage of Groupon, Living Social and Other Middlemen Sites</h3> <p>There are maybe one in 20 <a href="http://groupon.com">Groupons</a> that actually interest me. But there are many more that are deals for somebody, somewhere. If you&rsquo;re getting 69% off a piece of audio or video equipment, chances are you can sell that for a tidy profit.</p> <h3>5. Buy on eBay, Sell on eBay. And Craigslist. And a Combination of Both</h3> <p>Let me start this with a small but crucial piece of advice &mdash; eBay is not the cheapest source of any and all products on the market. You may think that because the items on it are being sold by individuals or businesses with very little overhead, you will always get a deal. Not so. Now, that doesn&rsquo;t mean you won&rsquo;t find a bargain, but like I tell everyone, shop around.</p> <p>Saying that, you can get some great deals on eBay and then turn right back around and sell them on eBay again&hellip;in a different category. For instance, someone may not realize that they have a valuable collectible, and be selling it in something like household goods or accessories. But place that same object in a different category, like Tobacciana, and you could get quadruple what you paid for it. You can do the same with <a href="http://www.wisebread.com/the-9-secrets-of-highly-successful-craigslist-sellers">Craigslist</a>, and go back and forth between the two.</p> <h3>6. Take Advantage of Seasonal Sales</h3> <p>If you have the storage space and the patience, you can <a href="http://www.wisebread.com/the-store-sales-cycle-your-monthly-guide-to-clearance-prices">take advantage of the sales every few months</a>. When Halloween goods go on sale for 75% to 90% off, scoop the good ones up. Then list them around August next year for a nice profit. The same goes with Christmas items, Easter, Mother&rsquo;s Day, and so on. Even things like winter snow shovels, sleds, summer beach buckets, and leaf rakes for fall will all have their golden selling period again. Organize your basement or attic well, and there&rsquo;s profit to be made all year long.</p> <h3>7. Charity Stores Are a Goldmine&hellip;and Now You Have the Key</h3> <p>Places like Goodwill have always been a treasure trove of goodies, if you know what you&rsquo;re looking for. And therein lies the problem&hellip;or at least, it used to. Back in the day, it would take an experienced collector or reseller to separate the gems from the duds. But now, if you own a smartphone, you&rsquo;re armed with a world of information. All you need to do is trust your gut instinct and do a little research right then and there in the store. I did it recently with a camera lens. It was priced at $3.99. Used, but still in the box, not a scratch, and a good brand name &mdash; Pentax. But the camera market being what it is, I wasn&rsquo;t sure if it was just obsolete, so I did some digging on my phone. I found it selling on eBay for around $80, so I snapped it up. I probably would have bought it anyway, but now the risk involved is minimal. If you see something you think is valuable, you can usually find out on the spot if you&rsquo;ve got a deal.</p> <h3>8. Don&rsquo;t Tie Up More Money Than You Can Afford</h3> <p>If you see a killer online deal, you may be tempted to buy dozens, or even hundreds, of products to sell for profit. But that can backfire horrendously. I saw a movie T-shirt recently for a crazy price at Kohls.com and was ready to put $500 down to buy a ton of different sizes. Then I did some digging and found the same shirts selling on eBay at the same price as I was ready to buy them at. Sometimes those great deals are marked down because of current market prices, or they were artificially inflated in the first place. Either way, I would have had to go to the trouble of returning them all and having my cash tied up. In some cases, you may not able to return your purchases and will be stuck trying to sell them for months, or even years. And that leads nicely to the last point&hellip;</p> <h3>9. Market Research Really Pays Off</h3> <p>EBay has a list of hot products that it updates regularly. That&rsquo;s a good place to find out what&rsquo;s selling and what you should be trying to buy cheap elsewhere. Also, look at the latest trends. If you see movie or TV show items going cheap, they probably have a following on eBay or Craigslist. Keep a list on you, or use your smartphone to Google current prices before you purchase.</p> <p>That&rsquo;s my list, and it has worked amazingly well for me. Do you have any tips to add? Have you made a killing from a thrift store or eBay purchase? We&rsquo;d love to know.</p> <br /><div id="custom_wisebread_footer"><div id="rss_tagline">This article is from <a href="http://www.wisebread.com/paul-michael">Paul Michael</a> of <a href="http://www.wisebread.com/seen-something-for-70-off-or-more-buy-it">Wise Bread</a>, an award-winning personal finance and <a href="http://www.wisebread.com/credit-cards">credit card comparison</a> website. Read more great articles from Wise Bread:</div><div class="view view-similarterms view-id-similarterms view-display-id-block_2 view-dom-id-1"> <div class="view-content"> <div class="item-list"> <ul> <li class="views-row views-row-1 views-row-odd views-row-first"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/the-9-secrets-of-highly-successful-craigslist-sellers">The 9 Secrets of Highly Successful Craigslist Sellers</a></span> </div> </li> <li class="views-row views-row-2 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/30-cash-back-sites-to-earn-you-thousands-per-year">30+ Cash Back Sites to Earn You Thousands Per Year</a></span> </div> </li> <li class="views-row views-row-3 views-row-odd"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/craigslist-vs-ebay-where-to-sell-10-common-items">Craigslist vs. eBay: Where to Sell 10 Common Items</a></span> </div> </li> <li class="views-row views-row-4 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/5-reasons-to-choose-traditional-books-over-e-books">5 Reasons to Choose Traditional Books Over E-Books</a></span> </div> </li> <li class="views-row views-row-5 views-row-odd views-row-last"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/10-things-you-should-always-buy-and-sell-on-ebay">10 Things You Should Always Buy and Sell on eBay</a></span> </div> </li> </ul> </div> </div> </div> </div><br/></br> Extra Income Shopping craigslist tips ebay sellers profitability reselling Mon, 19 Nov 2012 10:36:51 +0000 Paul Michael 955326 at http://www.wisebread.com 5 Reasons to Choose Traditional Books Over E-Books http://www.wisebread.com/5-reasons-to-choose-traditional-books-over-e-books <div class="field field-type-filefield field-field-blog-image"> <div class="field-items"> <div class="field-item odd"> <a href="/5-reasons-to-choose-traditional-books-over-e-books" class="imagecache imagecache-250w imagecache-linked imagecache-250w_linked"><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/imagecache/250w/blog-images/5811716939_35f9bc6b66_z.jpg" alt="book store" title="book store" class="imagecache imagecache-250w" width="250" height="177" /></a> </div> </div> </div> <p>I love reading, and as a homeschooling family, there are usually between 12 and 15 books being consumed by our family members at any one time. While I am a huge proponent of technology, and I can appreciate the ease of carrying digital titles on my iPad for quick reading when I&rsquo;m out and about, if given the choice, I&rsquo;ll still pick the old-fashioned variety most every time. Here&rsquo;s why. (See also:&nbsp;<a href="http://www.wisebread.com/how-to-never-pay-for-another-book">How to Never Pay for Another Book</a>)</p> <h3>1. Originals Are Art</h3> <p>The written word is indeed an art form, but books take it even further. By looking through the pages of my 1946 special illustrated edition of &quot;Pinocchio,&quot; for example, it&rsquo;s obvious that lots of love and care went into making the pictures as vital to the story as the words. Even the cloth cover &mdash; while dingy &mdash; brings a new layer to the tale. With the exception of a few brilliant digital stories such as &quot;<a href="http://itunes.apple.com/us/app/fantastic-flying-books-mr./id438052647?mt=8">The Fantastic Flying Books of Mr. Morris Lessmore</a>,&quot; for example, e-books lack this essential literary element.</p> <h3>2. Traditional Books Are Harder to Alter</h3> <p>Censorship and books don&rsquo;t mix, in my opinion. As we see more and more titles being cataloged digitally, however, we are forced to trust the power of Google and Amazon to keep our literature in its most honest form. A dusty old book from my parent&rsquo;s generation can only be changed with a pen or highlighter, and that would be pretty obvious.&nbsp; Digital products, however, get changed all the time. My most recent download of Rudyard Kipling&rsquo;s &quot;Kim&quot; was riddled with typos that were most certainly not included in the original manuscript, and it caused me to distrust &ldquo;classic&rdquo; digital products altogether.</p> <p>Note: Print books are changed, as well, although not without more effort. A recent trip to Barnes and Nobles had me looking through a school-sanctioned version of &quot;Pinocchio,&quot; where the words &ldquo;Land of&nbsp; Boobies&rdquo; &mdash; used to describe a world of slacking off and never growing wiser &mdash; was changed to &ldquo;Playland.&rdquo; Censorship still happens on paper, especially in new editions.</p> <h3>3. Tangible Books Can Be Stockpiled for Difficult Times</h3> <p>As an <a href="http://www.wisebread.com/tips-for-finding-legitimate-work-at-home-opportunities">online professional</a>, my biggest fear is that the Internet as we know it could someday collapse. Whether it is through censorship, a lack of electricity, or rapidly changing technology, my job could become obsolete. The same can be said for digital books, which are only valuable in tandem with the gadgets and software needed to decode them. Traditional books, on the other hand, can be smuggled into luggage, carried through generations, and enjoyed without batteries.</p> <h3>4. Original Books Are Beautiful</h3> <p>There have been so many great tutorials on how to use books to decorate a room. Even if you never read the contents, their shape, size, and color can add charm and depth to a wall or bookshelf. Unreadable copies can even be repurposed into something magnificent! (The Tattered Cover has an <a href="http://pinterest.com/tatteredcover/books-as-furniture/">inspiring Pinterest board</a> with examples.)</p> <h3>5. Traditional Books Can Be Shared</h3> <p>Books are still popular gifts for every occasion, and some of my favorite reads have come via <a href="http://www.wisebread.com/6-reasons-why-used-is-better">second-hand</a> gestures from friends. Traditional books can be shared, resold, or rented; e-books, however, are usually restricted to one owner or one &ldquo;device&rdquo; per purchase. Once you are done reading a digital book, you usually cannot pass it along to bless someone else.</p> <p>I use e-books and digital products in my daily life, and I won&rsquo;t say that they don&rsquo;t have unique advantages. They are quick to obtain, affordable, and can help those get their ideas into the marketplace in a time when traditional publishing is unattainable by most authors. For those who love everything about the written word, however, the book you can hold in your hand will never be replaced completely. I think this is a good thing indeed!</p> <br /><div id="custom_wisebread_footer"><div id="rss_tagline">This article is from <a href="http://www.wisebread.com/linsey-knerl">Linsey Knerl</a> of <a href="http://www.wisebread.com/5-reasons-to-choose-traditional-books-over-e-books">Wise Bread</a>, an award-winning personal finance and <a href="http://www.wisebread.com/credit-cards">credit card comparison</a> website. Read more great articles from Wise Bread:</div><div class="view view-similarterms view-id-similarterms view-display-id-block_2 view-dom-id-1"> <div class="view-content"> <div class="item-list"> <ul> <li class="views-row views-row-1 views-row-odd views-row-first"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/8-smart-ways-to-save-on-audio-books">8 Smart Ways to Save on Audio Books</a></span> </div> </li> <li class="views-row views-row-2 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/another-one-for-the-readers-0">Another one for the readers</a></span> </div> </li> <li class="views-row views-row-3 views-row-odd"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/easy-ways-to-save-on-7-everyday-buys">Easy Ways to Save on 7 Everyday Buys</a></span> </div> </li> <li class="views-row views-row-4 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/8-apps-that-actually-pay-you-to-shop">8 Apps That Actually Pay You to Shop</a></span> </div> </li> <li class="views-row views-row-5 views-row-odd views-row-last"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/the-10-best-couponing-apps">The 10 Best Couponing Apps</a></span> </div> </li> </ul> </div> </div> </div> </div><br/></br> Entertainment Shopping Technology eBooks reading reselling Thu, 01 Nov 2012 09:48:38 +0000 Linsey Knerl 954958 at http://www.wisebread.com