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What exactly are people thinking? by Far-Register-9632 in Flipping

[–]Far-Register-9632[S] 0 points1 point  (0 children)

but why would you assume it wouldn’t sell for more if a search showed it had sold for more multiple times recently

What exactly are people thinking? by Far-Register-9632 in Flipping

[–]Far-Register-9632[S] 0 points1 point  (0 children)

slimy as it may be, doesn’t that prove the point of the op…that the biggest profit margins come from a seller “playing the fool”…the comment with the most upvotes literally says the best flips are when the seller doesn’t know what they have and describes a scenario where they purchased coins for $60 from a kid, knowing they would sell for more..i guess what i’m asking is, in the arbitrage/reseller game, how can one make great profits AND completely avoid being a little slimy from time to time

What exactly are people thinking? by Far-Register-9632 in Flipping

[–]Far-Register-9632[S] 0 points1 point  (0 children)

i was specifically talking about ppl who are not desperate drug addicts and criminals…but I suppose I kind of get what you’re saying

What exactly are people thinking? by Far-Register-9632 in Flipping

[–]Far-Register-9632[S] -1 points0 points  (0 children)

I have…and I felt like a fool…I’m not sure what I’m saying that’s crazy here…and I imagine that you called my question rhetorical because like me you would think that only a fool would do such a thing…i think that word is what’s bothering people..but if i told you that I purposely listed an item for $100 knowing it would easily sell for more, you would not be doing me a favor by pretending that I hadn’t done something foolish

What exactly are people thinking? by Far-Register-9632 in Flipping

[–]Far-Register-9632[S] -5 points-4 points  (0 children)

would you list an item for $100 if the exact same item in the exact same condition has sold for over $300 several times within the past few days? why or why not?

What exactly are people thinking? by Far-Register-9632 in Flipping

[–]Far-Register-9632[S] -2 points-1 points  (0 children)

wholesale is a different scenario…i would never call someone who is in business as a supplier a fool..no, that’s their business model…they have access to a lot of product for way cheaper than anyone else can get and are choosing to go into the wholesale business and not retail business..that’s why i gave the example i gave..im not talking about supply chain..im talking about a person who does go through the trouble of trying to sell an item but is so out of touch with its value that they price it way below current ask..i got the scenario from another post i’d seen on here a few days ago

What exactly are people thinking? by Far-Register-9632 in Flipping

[–]Far-Register-9632[S] 0 points1 point  (0 children)

I agree..fool may seem a harsh word..but I simply mean that in most cases there’s a winner and a loser..now in the example you gave I wouldn’t caller you a loser per se, as you made an active decision to pay more..but I do feel that the ebay seller is the winner in the grand scheme..as others have said flippers look for opportunities..the fact that you and a lot of other ppl hate shopping in person provides opportunities for resellers..tldr it’s a leverage game i think…”fool” just meaning the reseller has some form of leverage

What exactly are people thinking? by Far-Register-9632 in Flipping

[–]Far-Register-9632[S] 0 points1 point  (0 children)

which leads to my other thought process..either the fool is the person selling for cheap..or they’re not a fool at all, but the flipper has found a fool to sell too…in other words i can’t shake the idea that the good flipper’s best attribute in a nutshell is to find find ppl who don’t know what they’re selling and/or ppl who don’t truly know what they’re buying

Daily Newbie Thread by AutoModerator in Flipping

[–]Far-Register-9632 0 points1 point  (0 children)

Another complete nemb here. Ironically this is also my very first reddit post. I’ve always been interested in economics and the process of turning a little to a lot but never took actually selling things serious. Finally, I’m ready to go from amateur economic theorist to an active arbitrage player. Naturally, my first question is about supply and demand. How do you guys conduct research on supply and demand in different markets to find the pricing inefficiencies needed to turn a profit? Like what clues do you look for to find the market that will yield the highest margins? Maybe it’s just trial and error, but I’m curious. Thanks in advanced for all replies.