Hey all,
Its been quite sometime since my last post and realizing that, lets get on with another topic!
I have been doing quite a bit of arbitrage work with cell phones lately. The most popular in my late trades is: The Blackberry Curve!!!
I have made several arbitrage moves with this phone and have become quite familiar with it. The average price on eBay for the phone ranges around $200-250 when listed properly. However, many people confuse the accurate category of "Cellphones and Smart Phones" where you will get around $250 for it if you list it properly, with "PDAS and Pocket PCS"!
Here is where the arbitrage comes in!
You can get a Curve (I tend to just deal in T-Mobile) in this category for anywhere from $150 on a really good day to $200 max on a bad day. Avg Price around $180. Seeing this gap, one naturally thinks "arbitrage"!
Great thought, works well, especially when you get a great deal on a MINT Phone. However, there are drawbacks.
One, you have to find a great condition phone that people have not already jumped on. This is not easy and can take a few days at best.
Two, eBay eats your fees~! I arbed a curve, buying at $180-190 and selling at $242 - ebay ate nearly $30 of my $60 profit!
Thats 1/2~!!!!!
But other than that, I have had great success with online to offline trades, which is where my business seems to be heading. I tend to gravitate away from selling for others and more towards buying for others. This is much easier than going through the motions of picture taking etc. and I feel it takes advantage of the bidding experience I've gained on eBay through time, enabling me to secure items for less than average prices!!!!
So, cell phones can be a hot market, depending on how you approach!!!!
Lots of Light,
Teddy
Sunday, February 15, 2009
Subscribe to:
Posts (Atom)