Buy It Sell It Make Money: Your Guide to Finding and Reselling Luxury Goods for Personal Wealth has been a longstanding resource for anyone who wants to make a living through auctions. Everyone witnessed the rise of eBay but not many realize that it is a serious source of revenue for regular people.
These days anyone will tell you about a million ways to make money online, everything from running a website to taking surveys online but the fact is that simple is the way to go. And there is nothing simpler than the concepts taught in this book which rely on the oldest business strategy of buying low and selling high.
An additional benefit to the strategies taught in "Buy it, Sell it Make Money..." is that the book focuses on showing you way to sell luxury items. The obvious benefit is that per sale you will be making more money. This means that unlike other bulk sellers flooding the online auctions with discount goods you don't have to focus on sheer volume. A single sale for you will be enough to make a good profit.
At the same time don't get too excited and expect sales to come pouring in. There is a fine art to flipping luxury items as Nancy and Daren Baughman point out. The couple has been running their company eBizAuctions out of in Raleigh, North Carolina for several years now. Daren is a certified and licensed auctioneer and a Certified Purchasing Manager (CPM) with the Institute for Supply Management. Nancy is a Certified Personal Property Appraiser (CPPA) and a member of the Certified Appraiser's Guild.
In their book they outline their Flipper system which covers a wealth of information on how to choose the right products to sell. They go into depth about the importance of brand value and lay out which products retain the highest value over time making them great for flipping. They combine this info with real life examples of who to scout out the products, price them accordingly, and create a successful auction for the product.
In "Buy it, Sell it Make Money..." they also outline techniques for negotiating prices and show you the most common mistakes made in the reselling business and how to avoid them. They also let you in on insider tips such as which product are in high demand and how you can trade up and getting more for products.
Overall this is a great resource for anyone that wants to learn how to make money buying and reselling high end items. Unlike the get rich quick from eBay books the Baughmans root their guide in real research based of their own successful and profitable business. Just remember that every business requires dedication and tons of hard work regardless if you're using the internet to make money taking surveys or reselling gold rings, nothing comes easy.
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