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Turn 100 Dollars Into 1000 - Buying eBay Wholesale Lots
Submitted 2011-09-28 21:41:53
The key to making big money in any business venture is to buy low and sell high. Typically the best way to get products as inexpensively as possible is to buy in bulk. In fact, I've seen people turn 100 dollars into 1000 by buying Ebay wholesale lots.
There are a ton of different products you can buy in wholesale lots on Ebay. One that I've seen a lot of success with is buying large mixed lots of books. I've noticed that people who don't spend more than $0.25 per book have had the most success. With an initial 100 dollar investment, you could buy a 400 book lot. You can then turn around and sell those books individually for a dollar or more per book. While some of the books will be virtually worthless, you'll also find some that will see for upwards of $15 a piece. You can see how quickly that will add up.
Another option for Ebay wholesale lots is clothing. The concept is the same as books. Liquidators simply want to get rid of a large amount of merchandise and will sell mixed lots of clothing to you for pennies on the dollar. Once you get the clothes in, you'll simply re-list it for sale on Ebay and watch the profits pour in.
The most important thing to keep in mind when you want to turn 100 dollars into 1000 this way, is to keep reinvesting your money. As you see profits roll in, keep buying more mixed lots. The more products you have for sale, the more money you'll be bringing in. And the sooner you'll be at your goal of financial independence.
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