Essentially, we are all flippers. We buy products from someone or some place and we turn around and sell them for more money. Most of the time for me, I like to get my eBay inventory from the Goodwill or other big box stores, however this year, I have been having a lot of luck flipping eBay auctions (eBay arbitrage). I’ve talked about eBay arbitrage before HERE, but I have found a more efficient way of doing business, and it’s an easy way to bring in more money!
My old way of flipping eBay auctions meant hours at the computer searching for items that I can flip. Of course I had my favorite searches, but eBay has millions of sellers that can add an item at any time. I felt as if I could miss a deal if I wasn’t searching a couple of times a day. I had good success with this strategy, but it was a time waster. Then I discovered a tool that has been around for awhile, but I just never knew it was there! It’s an eBay search alert! This one tool has literally saved me hours, but has made me just the same amount of money as I was making before. So let’s take a look at how to set up an eBay search alert:
First, you want to make sure that you are signed to to receive notifications. You can double check my doing the following steps: 1. Sign in to My eBay , 2. Go to the “Account” tab, then “Communication Preferences”, 3. Select your communication preference.
Now you can set up an alert:
I have SEVERAL alerts set up, but for this demonstration, lets set an alert up for a video game. So from eBay’s main, screen search “Mario Kart N64
When the search results come up you can edit your search to match your criteria. For me, I use the options on the left hand side to change it to “Video Games”, “Buy it Now”, “Price $0 – $17″, Lastly I change the Sort to “Cheapest first”.
Lastly, all you have to do is click the Star icon in the search bar and you will see a option that says “Email me daily when new items match my search”.
Now every morning I am emailed the results of my search with links to buy. I know that I can sell this particular item for $30, so any item that I can get for $15 and under, I’ll make money. Like I stated above, I have several searches emailed to me daily, and it only takes a few seconds to glance at them. I recently bought a pair of Burberry shoes for $8 and sold them for $105, because one of my searches is for Bruberry (a common typo).
So, get creative and see what you can flip. Using these alerts will save you time and make you money, so give them a try! Have you ever flipped an eBay item before? If so, comment below and tell us about it!