I am 15 years old and I am findind ways to make fast money. I came up with a cool idea. You all know when it is Christmas, everything is on sale. I go to check amazon, and I see that laptops/electronics dropped down 200-500$ price range. Lets just say a desktop is $1000 dollars. It dropped down to $600 on
I am 15 years old and I am findind ways to make fast money. I came up with a cool idea. You all know when it is Christmas, everything is on sale. I go to check amazon, and I see that laptops/electronics dropped down 200-500$ price range. Lets just say a desktop is $1000 dollars. It dropped down to $600 on christmas. I buy it, wait for Christmas to end, and re-sell it on amazon, while the condition is still new. I will sell it for $900 on amazon, making a $300 profit. Now as you are reading, I want to tell you: yes, i have encountered desktops dropping down that low(AND ITS MADE BY THEIR OWN COMPANY AND SOLD BY AMAZON), and that there are many other opportunities for me to do this. It is not like I have to wait every year. I can just ship something from Japan way cheaper and sell it for more in the United States. Guys, I know all of this may seem stupid to you all, and if I am getting something wrong about all of this, plz tell me. It kinds of feels like I can make more than an adult can in a year by doing all this. Just tell me if this will work and give me better ideas.
L. E. Gant: Of course you can… But it takes more than one set of $300 to make thousands of dollars. So, you'd have to buy a number of them. So much so, that you'd be better off getting a shipment from the actual manufacturers, and selling at regular prices.
Most of the time, the retailers make a small profit on the machines and operating systems, and they can afford this because they sell so many ( not ones and twos per season, but hundreds per week).
BTW, have you ever wondered WHY the big price drop? It's intended to give them cash flow; without the cash flow, they'd go broke, even if they are as big as Amazon. And more often than not, it means that the machine is about to become obsolete (oh, it still works, but it's not the latest and "best"). However, the thing is, it costs them more to keep the things in stock even if they lose money doing the selling.
Add to this: how long will it be before your potential buyers realise you're not selling the latest machines, and that what you have is no longer worth $900. Plus, remember that you'll be expected to pay the shipping, packing and other handling, and have to cover the warranty…
Nope. Once you've bought it, it's used, regardless of whether you ever actually took it out of the box or not. Trying to turn profits by buying something new and selling that identical item as used isn't going to work, especially when talking about something that depreciates as fast as a computer. The reason companies offer those huge discounts is because they're trying to clear inventory to make room for the newer models about to come out.
When you buy something in December, you're buying a new version of this years model at a discount. What you're going to try to sell next year is a used version of last year's model. Not a good way to make money, especially seeing as how the reason you got such a good discount in the first place was because that vendor was having trouble selling that particular item in the first place.
Also, while the end of year sales are indeed generally the biggest discounts, they're not the only sales that occur during the year. Come mid February, right about the time you're wanting to sell your used 2016 laptop for $900, I'll bet I could find a Presidents Day Sale and spend that $900 getting a new 2017 laptop that's a better machine.
Buying certain good when they are on sale and reselling when they are not can be lucrative, but you have to know what you are doing. As others have said, computers are so quickly outdated that any inventory you sit on will hemorrhage away your potential profit and you may get stuck having to sell it for less than you paid. I would stay away from electronics unless it's a deal on the latest game console that will sell for triple retail on eBay before Christmas.
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I don't think so. The fact that you bought it and owned it will make it used, which will bring down the price.
Not gonna work.