The Auction Arbitrage Secret by Pete Bruckshaw

79 Pages·2010·1.06 MB·English

The Auction Arbitrage Secret
by Pete Bruckshaw
Copyright © Pete Bruckshaw
All Rights Reserved.
There are no resale rights with this product.
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Contents
The Auction Arbitrage Secret
Introduction To Arbitrage ........................................................4
The Auction Arbitrage Secret..................................................8
Niche Case Study ..................................................................11
Finding Your Niche ................................................................14
More Arbitrage Strategies......................................................18
Cell Phone Arbitrage..............................................................20
Tips And Tricks ......................................................................22
A Step By Step Arbitrage Deal..............................................31
Smart Search Your Arbitrage Deals......................................41
The Arbitrage Dream Deal ....................................................43
Feedback Maximizer ..............................................................45
Arbitrage List Building ..........................................................47
Advanced Arbitrage And Beyond ........................................50
Recommended........................................................................52
The Auction Arbitrage Interviews
James J. Jones ......................................................................53
Don Hoppe Jr. ........................................................................59
Terry Gibbs ............................................................................65
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Introduction To Arbitrage
Arbitrage is buying low and selling high. It’s most commonly
used in stockbroking but more recently in spread betting or
sports arbitrage. Arbitrage is also know as flipping, particularly in
the real estate business, where buying cheaply to resell quickly
at a profit is common.
There are certain listing essentials needed for eBay auctions.
When they are absent, you have an opportunity for eBay
Arbitrage. This ebook assumes basic knowledge of buying and
selling on eBay on your part. It’s a how-to book, not an in depth
history of arbitrage so I cut straight to the chase wherever I can.
This ebook's description of arbitrage also goes beyond The
Auction Arbitrage Secret to include:
• Buying offline to sell on eBay
• Buying on other auction and sales sites to sell on eBay
• Even more arbitrage tactics to add to you arsenal
Prices quoted are in US dollars and UK pounds. These can’t be
100% accurate due to the nature of auction pricing and currency
fluctuations. However they will provide a guideline for the reader.
The products I've read on 'How To Make Money' are too numer-
ous to mention. Of these, most of the ones I tried did not work,
and the others demanded a level of expertise that I did not have,
nor did I have the time or money to acquire the expertise need-
ed. I don’t doubt that the author’s methods worked for them, but
they didn’t work for me.
In contrast, I have presented the information in this ebook as
concisely as possible. I have purposely made The Auction
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Arbitrage Secret as simple and easy to follow as possible. If you
lose interest or get lost in complex instructions this ebook has
failed.
To get the most from The Auction Arbitrage Secret read it
through once, then start again, follow the instructions and imple-
ment the strategies described. Don't cut corners or the methods I
have described will not be as effective, or may not work at all.
First, here are some essentials for eBay arbitrage.
1. A Paypal account
You should have a Paypal account and in addition, know to pro-
ceed with caution if a seller you want to buy from refuses to
accept Paypal. Paypal has its faults but is still the most widely
accepted method of paying on eBay. If you've not got an
account, sign up at www.paypal.com.
2. At least two eBay accounts
You need a buyer account and a seller account. The seller
account should have high positive feedback. Your buyer account
can be a new account as you don't need any feedback to start
buying.
All you need to start a new eBay account is a separate email
account to the one you've got registered with your current eBay
account. Gmail is recommended if you use Hotmail or AOL as
both have a habit of rejecting legitimate emails as spam.
Remember to sign out of your buyer account before signing into
your seller account and vice versa. You need to watch auctions
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in your buyer account and if you send an email from the 'wrong'
account your customer or supplier will quickly work out what
you're doing!
Sign up for any additional eBay accounts you need at
www.eBay.com or www.eBay.co.uk (or your home country's site).
3. An auction sniper
It is essential that you use a snipe tool or service. They are inex-
pensive and will save you a lot of time and trouble because they
bid right at the end of an auction on your behalf. Once you start
sniping auctions, you'll wonder how you managed with manual
bidding for so long.
Sniping is the most effective way of winning auctions. You set a
maximum price that you are willing to pay and that amount is bid
automatically for your just before the auction ends (my default
time is three seconds before). Sniping an auction means that
you don’t get involved in a bidding war and end up paying more
than you intend to. If you lose the auction, that’s OK too — there
are plenty more products to bid on.
If you bid manually you’re constrained to your computer at auc-
tion end. No such problem with sniping; you can set your final
price days in advance. And no matter how fast your internet con-
nection is, manual bidding is still fallible when you’re down to the
last few seconds of bidding.
My choice of snipe tool is www.auctionstealer.com which is just
$7.00 per month. You’ll make back the money many times over if
you follow the instructions in this ebook.
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Auctionstealer defaults to ebay.com but you can also specify
which site you’re bidding on from the drop down menu. It doesn’t
matter which site you’re a member of, which is useful if you’re
doing overseas bidding — there's no signing in and out of sites
to view auctions.
I always snipe an auction 3 seconds before auction end, which
would be difficult to time properly with manual bidding.
OK: that's what you need to begin eBay Arbitrage. Now, since
you may have bought this ebook partly on the strength of it’s title
'The Auction Arbitrage Secret', I will explain this to you right in
front of the first chapter.
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The Auction Arbitrage Secret
I have bought and sold laptops, iPods, jewelry and many other
products on eBay. But most of my success has been in Printer
Arbitrage.
When I began looking for a wide format printer on eBay for my
graphic design work I was overwhelmed by the hundreds of dif-
ferent types of printers. Many of the printers just had initials or
numbers with the manufacturer’s name. The numbers of names
usually have no relevancy at all to what the printers actually do.
Do you know the difference between an Epson 1290 printer and
an Epson 3000? An Epson 2100 and an Epson 3800? If not,
don’t worry — nor did I. That’s when I started to think not as a
bemused buyer, but as a buyer and a seller.
The standard printer paper size is A4 (8.27 x 11.69 inches). The
main wide format sizes are, in ascending order:
A3 which is twice the size of A4
A2 " " " " " " A3
A1 " " " " " " A2
A0 " " " " " " A1
The A (or ‘verso’) format description is used across most of the
world except most notably in the USA where the width of the
paper is specified instead. A3 printers are referred to by printer
name only in the USA. The larger USA sizes are:
17" A2
24" A1
33" A0
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From now on the inch and verso formats will be slash separated.
This doesn't mean that you list them both; it means that the inch
measurements are for USA listings and verso measurements are
for most of the rest of the world.
If a potential buyer is selling a 17"/A2 printer, then 17"/A2 needs
to be in the title being searched on. I didn’t know that an Epson
3800 or an Epson 3000 are 17"/A2 printers. Why would I?
Leaving this kind of crucial information out of a title means that
the end selling price can be up to $475/£300 less than it should
be. Sellers who leave the paper size out of a wide format printer
auction title are leaving money on the table before bidding has
even started!
Missing information is where you profit from eBay Arbitrage
and that is The Auction Arbitrage Secret. It’s that simple!
This is why you won't find generic information relating to The
Auction Arbitrage Secret. You can't instantly go to a website
search engine or a piece of software to get information about this
because you are literally searching for something that isn't
there. For every niche this missing information will be totally dif-
ferent. But there's good news. Once you've worked out the miss-
ing information it's easy to put a search together for it — in fact
eBay will send the searches to you (we'll get to that later)!
The Magic Missing Word
Auctions for most products on eBay are for used goods. But
what if you auctioned a high demand item, and didn't bother
telling anyone that you'd never used it? That's right: the word is
'new'. If the seller is offering a new product amongst masses of
similar second hand items without including 'new' in the auction
title, how will the casual search surfer spot how much better the
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deal is for the new item, as opposed to the used items?
It was through observing these auctions that I picked up a new
iPod Touch - and bought it at £35/$55 below the average selling
price.
What's in it for you?
What will be most helpful and profitable for you is if you find your
own niche to profit from. If everyone goes into the same niche, it
will only result in diminishing returns. I'll show you how to find
your own niche to profit from, but first I'll show you more of the
true power of The Auction Arbitrage Secret in the next chapter.
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