The Elmo wave lasted 24 hours
September 21st, 2006 by Kenric
My first Elmo Ebay auctions did not go so well. There are the foreign money order scammers that bid up your auction, win and then send you the template email about how they are overseas and will send you a money order for more than the auction if you Western Union the extra money back to them. One of my auctions ended with a scammer. These scammers hit the Buy it Now auctions which effectively end your listing right away. Ebay allows people 7 days to pay, but we all know that they aren’t going to pay.
I took off two auctions because I was afraid they wouldn’t get bid up over $40. I’m going to relist them later. My auction of the Spanish speaking Elmo went for $56. A profit of only $10 after all fees and shipping.
The prices of them went down from $80-$90 yesterday morning to about $55 yesterday night. However, this morning the prices are back up to $80. I don’t know if this is a time zone issue but I’m having trouble determining the optimum end time for my listings. I have until December to figure that out.
Posted in Making Money Online | 6 Comments »
Stumble it!
I wouldn’t count on Christmas sales for these. This is only September. The company will have a lot of time to manufacture more and ship them prior to December.
By UBU50 on Sep 21, 2006
The hype about these was that the production was limited to 2/3 of the standard run. As for ebay, I read that weekend expirations at evening times are the best. I have 6 elmos and I’m going to wait until December.
By knuckle_headed on Sep 22, 2006
When I saw the news story on this, my thought was it was the media trying to hype something that doesn’t exist, namely, a huge demand for these things. Everyone remembers the shortage of these things from years ago, but by now, the Elmo toy is pretty much passe. The idea of the toy isn’t new, there doesn’t appear to be a supply problem, and there is plenty of time left until Christmas. As the father of a 2 year old, I can tell you I feel no need to buy this thing.
By Shaun on Sep 22, 2006
They aren’t going to flood the market- they are going to continue creating the demand- you’ll be fine K.
By prlinkbiz on Sep 22, 2006
I just wish I could afford one for my son who is on dialysis. His birthday is Sunday and this is all he has been wanting. (they had one at his rehab facility and he LOVED it!)
By Katie on Sep 22, 2006
Katie,
You should be asking yourself, how can I afford an Elmo instead of wishing to afford one.
There are many ways you can afford an Elmo.
1) Buy 3 at a toy store, sell 2 for a $50 profit.
2) Buy 6 off of Ebay at $60, sell for $80 for $10 profit on each.
By monarchcrest on Sep 23, 2006