Buying Low, Selling High, It’s an Art Form sure!
When I’m looking for some sort of electronic goodie, I want to get the best price for it. But I’m not just thinking about getting a good deal so I can save a few books. I always sell my “toys” when I don’t want them anymore. So I always try to buy low and sell high. I’ve done it so much that I’ve almost perfected the art.
Here’s an example of one of my most recent transactions. I purchased a digital video camera about a year ago. It’s a very nice camcorder, worked great. As time goes by, of course technologies improve, and now they have HD camcorders instead of using MiniDV tapes. Well I wanted to upgrade, so first I have to sell my old camcorder.
When I first bought it I remember it got it brand new from some store, got a mail-in rebate for it. The item wasn’t the latest greatest item. In fact it wasn’t even available at major stores like Circuit City or Sears. It wasn’t hte latest model but it was fairly new. Prices drop drastically on items when they’re no longer “new”. The big stores end up selling these items at a discounted price to smaller electronic shops, who then pass on the savings to consumers like me.
Now that I want to upgrade it’s time to sell it. A few of the things I’ve done is take very good care of the camera. It literally had no scratches on it, no wear and tear, so it can be considered as “like new” even though I’ve used it sparingly for a whole year. I also kept the original box, making sure not to tear any of the packaging. If I wasn’t going to use an accessory I made sure to leave it the original bag. For example this camcorder came with a remote control and a shoulder strap that I never used.
I logged into my ebay account and took literally 20+ pictures of the item in every possible angle and was very up front about the history of the item. People seemed to like the honesty of the auction and within 12 hours I already had a few questions about it and somebody used Buy It Now and nabbed it.
The way I see it, I only “rented” this camcorder, I bought it at a low price, sold it at a high price. So if I bought it at $400 and sold it for $350, I paid $50 for a whole years worth of a camcorder. That’s only about $1 a week, can’t beat that price.
Here’s an example of one of my most recent transactions. I purchased a digital video camera about a year ago. It’s a very nice camcorder, worked great. As time goes by, of course technologies improve, and now they have HD camcorders instead of using MiniDV tapes. Well I wanted to upgrade, so first I have to sell my old camcorder.
When I first bought it I remember it got it brand new from some store, got a mail-in rebate for it. The item wasn’t the latest greatest item. In fact it wasn’t even available at major stores like Circuit City or Sears. It wasn’t hte latest model but it was fairly new. Prices drop drastically on items when they’re no longer “new”. The big stores end up selling these items at a discounted price to smaller electronic shops, who then pass on the savings to consumers like me.
Now that I want to upgrade it’s time to sell it. A few of the things I’ve done is take very good care of the camera. It literally had no scratches on it, no wear and tear, so it can be considered as “like new” even though I’ve used it sparingly for a whole year. I also kept the original box, making sure not to tear any of the packaging. If I wasn’t going to use an accessory I made sure to leave it the original bag. For example this camcorder came with a remote control and a shoulder strap that I never used.
I logged into my ebay account and took literally 20+ pictures of the item in every possible angle and was very up front about the history of the item. People seemed to like the honesty of the auction and within 12 hours I already had a few questions about it and somebody used Buy It Now and nabbed it.
The way I see it, I only “rented” this camcorder, I bought it at a low price, sold it at a high price. So if I bought it at $400 and sold it for $350, I paid $50 for a whole years worth of a camcorder. That’s only about $1 a week, can’t beat that price.
posted by sunson @ 5:50 AM
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