Over the last few days I have been watching a few short videos by a guy named John who has challenged himself to make £500 starting with a £10 investment.
He is doing the challenge specifically to create videos showing how easy it can be done.
He is reselling pre-loved items that he is buying from local charity shops and carboot markets.
Starting with £10, he bought a couple of pairs of trainers which he sold on eBay. The money he makes is then used to buy more items to sell.
He has bought and sold shoes, trainers, a computer game, a book and a few other items.
According to the latest video update John has made a profit of £104… but that dropped a little to £86 after purchasing a few more items to sell.
Until he hits his £500 target, the money will be up and down and up and down.
Once he earned his £10 back, everything else after that is free money that he can play with.
He has an £86 profit in his bank which he can used to buy more items to sell.
Every time he buys something else to sell, he increases his chance of profits and will ultimately hit his £500 target.
He could carry on past £500 and keep buying and selling until he hits £1,000 or more.
This is a time consuming way to make money but if you have the time and you need money, this could be a great way to make some extra pounds starting with a small investment of only £10.
John has been reselling – or ‘flipping’ as it is often called – for several years and so he has a decent eye for a bargain.
You might think that he knows what will sell well due to the fact he has been doing it for so long, but the truth is, when he is looking at items to buy in charity shops or carboot markets, he usually does a quick search on eBay to see what is currently listed and what has previously been sold and for how much.
For example: if he was thinking of buying a pair of Adidas trainers and they were a model he has never seen before, he will simply do a search for that make and model and see if there are any listed, how much they are listed for and if any have been sold recently and for what price.
It’s a simple way to figure out if an item is worth buying to sell.
He doesn’t like to pay more than £5 for a pair of shoes or trainers. At a push, he may pay £10 if he is really confident that he will get back at least double what he paid.
When it comes to footwear and clothing he focuses on popular brands mostly. He knows that they sell well.
Charity shops are now charging more than they used to for most items but you can still find plenty of decent bargains.
Carboot markets are a great place to find bargains because they are full of people trying to get rid of a lot of items at once.
These people are having a ‘clearout’ selling old and unwanted stuff which they can’t be bothered to list on eBay themselves.
This is where you come in and clean up.
You buy what they are selling off cheaply, then list it online and cream off a decent profit.
There’s nothing complicated or hard about it. It is incredibly simple.
Scroll down to carry on reading…
FREE Digital Copy - No Cost to You...
OVER 30,000 COPIES SOLD AT £19.95!
To claim your FREE COPY, simply complete your details below and hit the submit button!
Send For Your FREE Copy Now!
As the starting investment is only £10, you will need to understand that you may have to start small and that it may take a week or two before you are starting to show a half decent profit.
If you buy well at the beginning then you could easily double or even treble your investment… maybe more.
But it pays to be aware that you may only make a few pounds to start with. It all depends on what you buy with your first £10 and how well it/they sell.
As I have talked about in previous articles, you often need to start small and you need to be consistent. If you can only afford to start with £10 then you will need to keep at it and grow those profits.
If you can afford to start with £20… or £30… or £50, then that’s great, you can source more items to sell making more money back quicker.
Just don’t go buying anything and everything to try and make money. It makes more sense to buy something which you know is more likely to give you more money back.
As an example: one member of our team sold a couple of chairs on eBay for £175. They originally bought them for £40.
So that you know, they didn’t actually buy them to sell, they saw them online, took a liking to them, used them for a year and when the time came to get rid of them, they looked on eBay and saw that the only other pair of these chairs selling were listed for a high price.
They weren’t intending to flip them for a profit; they were originally hoping to get back what they paid for them but were more than happy to get £175 for them.
The point here is that they did a quick search on eBay to see what similar chairs were selling for before listing them.
You would do the same research before purchasing a pair of pre-loved trainers or computer game. Once you know that you are in with a good chance of making a profit, you can buy the item.
EBay takes out a fee as you know which is a bit of a pain as you lose some of your profit, but that is their ‘rent and rates’.
If you were to rent a shop or a stall at a market, there would be costs associated to that even if you didn’t sell anything.
With eBay, you generally only pay fees when an item sells. The fees pay for using their platform which is understandable.
Reselling pre-loved items is a great way to make money and setting yourself a £10 to £500 challenge is a great way to get started and to grow confidence making money this way.
When you set yourself a challenge with a target like this, it gives you something to aim for and work towards. It keeps the mind focused on an ‘end result’ which makes it easier to keep going.
Try it, buy one or two pre-loved items in good condition from a charity shop or a carboot market and list them on eBay and see what you get for them. It is a great way to make money… for the right person.
There can be a lot of work involved with the sourcing of items to sell, giving them a good clean if they need them, photographing and listing them, wrapping and packaging them when they have been bought and taking them to the post office.
It’s not hard work, but it is a lot of time lost if you only sell an item for a few pounds.
It’s better if you are able to list multiple items at the same time so that when your listing period comes to an end and you have sold a few, you can wrap them and post them at the same time.
Doing multiple items together makes it more worthwhile. You make more money and you maximise your time better.
I think the challenge is a great idea and I am looking forward to seeing how well John does with it.
However…
There is another way to turn £10 into £500 or more.
In fact, our friend Don Fletcher can turn £10 into £2,500 buying collectables which he then resells on to collectors who are desperate to own what he has.
These collectables are not pre-loved either; they are brand new and only recently released to the market.
A brand new unique digital collectable can cost as little as £10 but could give you thousands of pounds in profit… and sometimes in as little as 24 hours.
It can all start with a simple £10 purchase.
To discover how, click the link below:
Turn £10 In To £2,500+ Time And Time Again Selling Easy To Buy Collectables…
Kind regards
John Harrison
PS… You will discover how easy it really is to turn £10 into £2,500 or more…
- You don’t need any special skills other than the ability to buy and sell by clicking a few buttons.
- You don’t need to know anything about these specific new collectables themselves. You don’t need to understand what they are – I don’t think I fully understand – or what they do to be able to make thousands of pounds from flipping.
- You don’t even have to like them. You only need to be excited about the large profits these collectables can generate for you.
- Everything you need to know to turn £10 into £2,500 or more is laid bare in one easy to follow manual.
Here’s that link again: