Got Any Gold In Your Closet?

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.

10 responses to Got Any Gold In Your Closet?

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

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

  3. Jonathan,

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

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

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

    db

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

  6. 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!

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

Trackbacks and Pingbacks:

  1. » Weekly Blog Roundup, Flight to California Edition on Consumerism Commentary: A Personal Finance Blog - March 31, 2007

    […] 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. […]

  2. Personal Finance and Investing Blog » Blog Archive » Weekly Blog Roundup, Flight to California Edition - March 31, 2007

    […] 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. […]

  3. » Linkfests Are Fun! on Blueprint for Financial Prosperity - March 31, 2007

    […] 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. […]