Last week at this time I did not know that a Tickle Me Elmo 10th Anniversary doll was coming out, but I did know that my front brake rotors were jacked and I really didn’t want to pay to fix it. I had been dealing with the wobbly brake shudder for 4 months.
But thanks to my friend Rex, an opportunity presented itself. I hoped that I could make enough off of Elmo to pay for my brakes and a Slingbox. The Slingbox costs $230 and I got new brake rotors today for $190, a grand total of $420.
As of tonight I have sold 9 of my Elmos for a total profit of $190. So the brakes have been paid for. I can only hope that my remaining 6 Elmos can bring in $230.
Update: Sold 3 more for $340 total, haven’t calculated the profit yet. Only 3 left! I’ve been selling them in lots of 2, 3 and 4. Seems to sell faster than one at a time.
My point is that there are opportunities to make money everywhere. People do it everyday. Every Christmas there is a hot product. I remember my co-workers selling $300 Xbox’s for $800 the day it came out. $500 profit a piece, that’s just incredible. How come I didn’t capitalize on that? Maybe it was because I didn’t want to stand in line at 12am with a bunch of geeks in front of Bestbuy, maybe it was because I’d rather sleep than make $500 an hour, who knows. Anyone can do it, it’s only done by those who want to.
Black Friday is the day after Thanksgiving, the day that many normal people wake up at 4am to go shopping for great deals. I’m sure most people are shopping for themselves or Christmas gifts. But there is a whole group of people that view it as one of the greatest Ebay profit days. They go shopping for deals to resell. They will buy up everything in sight. It is not uncommon for shoppers to make a $2,000 profit on that day only. Think of what presents you can buy for $2,000 later on. Shop for profit, them for yourself.
PS. Bill, thanks for the heads up on PS3. The PS3 will cost $500-$600 and comes out on November 17, 2006. Can we make money off of these this year? We’ll see, they are tough to find.