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Got Any Gold In Your Closet?

By JLP | March 27, 2007

Check out this article (free) I found in the Wall Street Journal. Savvy shoppers are buying clothing and purses at places like Target and then reselling them on eBay for huge profits. Check this out:

That’s a 628.8% return in one month! Wow!

Of course things like this aren’t without risks. For one, you have to know which items are going to be in demand and which ones are going to be hard to find. However, I’m sure a few lucky people will make some money off this little craze.

Topics: Miscellaneous | 10 Comments »


10 Responses to “Got Any Gold In Your Closet?”

  1. Jonathan Says:
    March 28th, 2007 at 3:07 am

    Am I the only one that thinks that thing is hideous? It’s like she turned it inside-out by accident…

  2. Marshall Middle Says:
    March 28th, 2007 at 3:55 am

    That’s a great idea. It’s all about marketing.

  3. JLP Says:
    March 28th, 2007 at 12:50 pm

    Jonathan,

    Yes, it is hideous. All the more reason to sell it!

  4. db Says:
    March 28th, 2007 at 8:19 pm

    I vote for burning it! (after she’s out of it of course)

    GAH — current fashions. Glad I’m not a fashionista.

    db

  5. zen Says:
    March 30th, 2007 at 7:34 am

    This just proves how dumb some people are with their money – if it’s fashionable, I must pay more on ebay for it!

  6. » Weekly Blog Roundup, Flight to California Edition on Consumerism Commentary: A Personal Finance Blog Says:
    March 31st, 2007 at 8:48 am

    [...] Blueprint for Financial Prosperity warns not to trade stocks without insider information. AllFinancialMatters points out some people are making a lot of money reselling Target clothing on eBay. [...]

  7. Personal Finance and Investing Blog » Blog Archive » Weekly Blog Roundup, Flight to California Edition Says:
    March 31st, 2007 at 9:50 am

    [...] Blueprint for Financial Prosperity warns not to trade stocks without insider information. AllFinancialMatters points out some people are making a lot of money reselling Target clothing on eBay. [...]

  8. » Linkfests Are Fun! on Blueprint for Financial Prosperity Says:
    March 31st, 2007 at 4:00 pm

    [...] JLP highlights a typical arbitraging tactic – buying popular items cheap and selling them once they run out in the stores on a site like eBay. One year in college I saw that Ashton Kutcher wore a green John Deere mesh hat on Punk’d so I snatched up a ridiculous amount (over a hundred) from various John Deere distributors for about $5 a piece and sold them on ebay for $25-$30 depending on the sucker buyer. It was pretty sweet. [...]

  9. Master Allan Says:
    March 31st, 2007 at 11:24 pm

    I sell a few items a month on ebay and I am always amazed at what sells. A few years ago I was cleaning out a drawer and found a “commerative 1996 olympics skiing event coin”. It was a freebie from a corn flakes box a decade ago, still in original packaging. I threw it into the trash, then reconsidered, and started the auction at 99 cents. The item sold after a bid war for $7.50 and even after fees that is another two large boxes of corn flakes!

  10. Jackson Hill Says:
    May 6th, 2010 at 7:30 pm

    My alternative income stream is selling stuffs on Ebay and i can say that i earn a lot from selling on Ebay.`”

Comments