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Reselling has sparked my interest as of late. So, these past few weeks I tried it out. What I’ve found out, is that it’s much easier than I originally thought. In fact, it’s basically a form of manufactured spending that earns more money than points.
From the start, I did not expect to make much, if any, money from this experiment. I only really had two goals in mind. First, I wanted to get Plus status at Staples so I could recycle more ink cartridges. Second, I wanted to get at least 10,000 points/miles. In the end I completed both goals and actually turned a profit!
How To Start
There are two things you need to do to start reselling.
Where To Sell
There are three main places to sell the products you purchase.
My preference is eBay, since it’s the middle of the road in terms of work required and fees. I suggest trying all three and see what works best for you.
So the $300 item would only cost $225.60 and I would get 1200 UR Points on the purchase.
Reselling can be very profitable, if you know what to look for. Find a category that you know and only buy those types of products. I love electronics and try to keep up with all the new tech that comes out, so I mostly buy those types of items. If you want to find out how much certain items are going for check the sold listings on eBay. That is the best way to get a grasp on what items are selling for. You can do that by going to eBay and searching for the item you want to check. In the lower left corner you can select what type of listings you want to see. Select “sold listings”.
Now check what price the items are selling for and how long ago they sold. If you found an item that only sold once in the past month, you might want to find a different product to sell. This may take a lot of research, but in the end it can be very profitable!
Have you had any experience reselling?