One of the most commonly fears of new resellers is that they’re gonna invest whatever money they’ve set aside to start their resale business and, despite their best efforts, a mistake will be made. One of the most common mistakes to look out for is paying too much but, since a lot of knowing how much to pay is based on experience, it can be an easy pitfall. I tried to help out by showing what I would do if I made a bad buy. In this instance, to simulate potentially overpaying for video games, I won an auction on eBay without looking up the titled. Yup, that’s right, I just bid to win. This is a bad strategy for making money, but a good strategy if you want to teach how to get out of it with (hopefully) at least a small profit.
I paid $227 and some change for 75 Nintendo Wii games- in the video, I try to go over how I attempt to ensure they bring at least that much back to the table. In my opinion, breaking even on something that takes you a couple hours to do is losing money (because your time isn’t worthless), but still, its better than wasting your time AND losing money. Hope you enjoy the video!