Tuesday, October 5, 2010

My first Profits

I never thought ebay was such a good platform to earn money. Ever wonder how you can buy goods from ebay at an incredibly low price? Haha I found it!

1st step: secure your target, preferably a brand new item up for bid.

2nd step: create a "fake" item, same descriptions but the starting bid price is $0.99. Make sure you match his/or item duration.

3rd step: bid on your targeted item and wait.

4th step: ask you friend or create another account to bid back your item last minute, make sure no other person wins the bid or you'll be in trouble.

5th step: 99% you'll win your item.

Why? simple maths. The item you're targeting worths $50 starts bid at $10. You create a fake account and most likely, people will be attracted to your ad. Placing a bid for your targeted item at $30 will cause people to be detered(ebay rejects bids lower than the one you offered). Thus, people will only bid at your ad until it reaches $30 when they realize the "real" item is cheaper. However, most of the case, the bid has ended.