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/biz/ - Business & Finance

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16406905 No.16406905 [Reply] [Original]

Yo, I've started flipping electronics.

What shit can I buy besides laptops that normies will overspend on?

Any suggestion helps anon

>> No.16406909

Give it back Tyrone

>> No.16406922

>>16406905
Electronics are the worst to flip. Margins are low and when you buy something it may be in working order but only for a short time, which can work out for you as a seller.

>> No.16406927

how can i do this too? arbitrage has always interested me but it seems totally unapproachable.

>> No.16406933

>>16406905

get in the sneaker game man. maybe 1 out of every 10 hype drops will 10x and 80% double in price.

im shit at it because i dont put much effort into it but my buddy is pretty successful with it

>> No.16406939

>>16406905
"buy" car stereos

>> No.16406949

>>16406933
do you guys buy used brand sneakers or order fakes or how it works?

>> No.16406953

>>16406905
Also you will get undercut at every corner by crackheads that will sell stolen property. Forget about electronics bro.

>> No.16406961

>>16406927
I'm still learning anon, I've really just started with tech cause that's what I know but >>16406922 is making sense

This shit is hard to profit off of

HOWEVER, hard to profit off of doesn't mean I'm not making profit. It's just slow as balls

>>16406922
There's got to be SOME electronics people are willing to overpay for.... Do solar panels count as electronics? I guarantee people will overpay for that shit over the coming years

>> No.16406967

>>16406905
In high school I used to do iPhones. The margins have shrunk drastically now though. Back then I could get a cracked 4S on Craigslist for around $60, buy and install a $20 screen, then sell for $380-440 depending on specs. As others have said the margins are low. I’ve heard that the best route is to find items that are sold out/hard to find on amazon then buy them in brick/mortar stores to sell there. I saw a video where a guy discovered a certain version of Monopoly was a hot commodity on Amazon. Since brick and mortars are required to keep x amount in stores, he drove through 4 different states buying as many as he could at each Walmart. If I remember correctly he had sold them all before even making it home and had made a few grand.

>> No.16406975

>>16406933
I want to keep an eye on sneakers. Definitely see that there's value in that. Idk where to start cause it's not my world but definitely worth while.

>>16406953
This is so true, I got a lot of crack heads in my city, those fuckers stole my headphones last semester. The issue is crackheads will steal ANYTHING so should I be worried about buying anything used?

>> No.16406984

>>16406961
If you really want to know how to make money of electronics I'll tell you. You pay some crackheads to steal peoples phones for pennies on the dollar and then you wipe them and sell them.

>> No.16406990

>>16406967
Yeeeah, this is what I see a lot of too: people buying at brick and mortar and selling online. Thanks for the suggestion, another avenue to check out

>> No.16406999

>>16406967
how do you figure out what's profitable though? i guess thats why not many people do it. it sounds like that guy learned about monopoly by chance.

i tried watching a few videos about arbitrage and i only got the basics, which everyone already knows.

>> No.16407002

>>16406984
Clearly you don't know crackheads. They're just gonna steal my money and buy crack, they are literally incapable of processing the concept around "do work = more crack"

Also moral compass etc etc

>> No.16407011

>>16406961
Solar panels have been done already. You're ~10 years too late to profit from a boom. Margins are razor thin even for producers, if you're reselling them and not offering engineering services like planning and building the systems, you won't make money.

>> No.16407016

>>16407002
I do, the majority will try to rob or kill you if you don't treat them like animals.

>they are literally incapable of processing the concept around "do work = more crack"
How is this bad?

>> No.16407036

>>16406905
get a job

>> No.16407037

is there any money to be made selling CSGO items? now that they banned trading keys i think there's an opportunity to jump on whatever the new currency will be.

>>16407016
pay crackheads to steal phones for you, then kill them. like hookers in GTA

>> No.16407051

>>16406999
I think a lot of people make it sound easier than it is because they leave out the "time" component.

"Arbitrage" is not a difficult concept, what's difficult is constantly grinding through items, constantly looking for deals, constantly looking for worthwhile disparities, constantly asking anons for advice on forums, and still coming up with nothing most the time.

People get lucky but the more I learn about this shit the more I see that it's a 90% hustle.

>> No.16407054

>>16406905
Gets VCRs for free-$5 and flip them for $20-50 on eBay

>> No.16407067

>>16407051
so literally just compaaring everything for sale in one store to everything for sale in another store until you find a winner? gay.

>> No.16407118

>>16406999
>how do you figure out what's profitable though?
only niche markets are profitable. everything mainstream is shit. also forget about electronics. there is no money to be made / not worth your time
obviously nobody will tell you which niche market since who wants even more competitors?

>> No.16407138

>>16407036
I have two jobs, plus a full course load.

It's not enough, I'm trying to win, hence, I would rather reinvest that money into a side hustle than leave it to depreciate in a meaningless savings account

>>16407011
Fuck... I do have access to a construction team (closely affiliated with them), maybe this is something to look at long term. I would only imagine that this industry will grow over time.

>> No.16407139

>>16407118
what about niche electronics? all i know about are guns and electronics. and combat/outdoors apparel.

>> No.16407155

>>16406949
If you’re going to sell replicas, go ahead and advertise them as replicas and go for high quality reps over the cheap shit that wouldn’t fool anyone. The flea markets, Instagram, and Chinese apps already have the jump on you.
If you advertise replicas as real you’ll get busted pretty quickly if you’re a noob with no connections. Word in the community travels quickly, and that’s the least of your worries. You can eat some serious fines, have your products seized by customs, and the list goes on. If you’re a burger, then it’s that much more riskier for you.

>t. Authentic reseller that’s been in the game for almost 3 years.
Ive Watched so many good rep sellers fall in that short time.

>> No.16407158

>>16407067
I guess that's where the skill comes in. I know a lot about tech so I know what those items are worth however I would be LOST in "sowing supplies" for instance

>>16407118
This shit drives me crazy, I always find profitable niches a bit too late. When I was younger I was buying mechanical keyboards before I realized I could have flipped that shit with a few additional keycaps for $$$

>> No.16407165

>>16407138
It'll grow fast and hard if your resident government decides to subsidize the technology. Until then it's a growing sector worldwide (unless you live in saudi arabia or some other oil mafia country), but it's been slow and steady and not a boom.

>> No.16407179

>>16407139
Maybe there is something that lies at the center of all 3 that you can capitalize on.

Ex: I'm really interested in sustainability, hence, solar panels.

Just an example tho, but maybe there are other electronics that lie at the center of my interests that I can capitalize on... Idk

>> No.16407181

>>16407139
>guns and electronics
no
>combat/outdoors apparel
sounds more promising. but you need to go deeper to find specific items. just saying "outdoor apparel" is too general.

>> No.16407188

>>16407165
I live in Ontario, the 3rd largest solar manufacturing company in the world is basically in my backyard. The issue here is snow, as soon as someone figures out something clever with snow & solar, a LOT of canadians are going to make a LOT of money... I want to get in and be ready for that

>> No.16407201

>>16407139
you can make money on guns. I could make a fair amount of money on "antique" ones. I just always end up hanging onto them.

>> No.16407215

>>16407201
can you make money without being an FFL though?

>> No.16407231

>>16407215
as far as I know you can.... I mean your not setting up a shop. How is it any different than boomers at gun shows if your just flipping them?

>> No.16407243

>>16407231
i was under the impression that if you buy a gun just to sell it you need to be an ffl

>> No.16407271

>>16407243
you might be right 2bh. It looks like intent is the determining factor though. Good luck proving that shit though unless your moving tons of them.

>> No.16407322

>>16407271
i spose if i buy a gun and play with it for a bit i can get around it. anyways, it's good to be familiar with as many guns as possible for the boogaloo. not that gun knowledge is what will save you, but you get it.

>> No.16407658

>>16406933
My cousins does this worst case scenario he breaks even on the shoes but gets rewards points

>> No.16407751

>>16406984
>>16407016
involving yourself in criminal activity with hard drug addicts is a good way to get yourself robbed or worse, they know you can't go to the police

>> No.16407774

>>16407751
meet them at a drug den and carry a heater

>> No.16408807

Pretty shit-tier ideas anons.
Here is what you do, you get a guy to hit up every government auction. You get him to bid on cars that are underpriced. You pay him $400 per car, and you sell each car $2k over what you paid. Learning how to wind back the km's/miles helps.

>> No.16408854

>>16406927
Get old decent laptops people don't use anymore for $0-20 and sell online for $40-50

>> No.16408861

>>16406984
what is IMEI

>> No.16408866

>>16407054
Shipping is a bitch

>> No.16408871

>>16407188
Why not do hydro then as snow = water?

>> No.16408896

>>16406949

dont sell fakes you cheap chinese jewish fuck

>>16406975

just look for hypedrops hypesneakers etc on twitter/instagram to find out whats coming out.

each site has its own system of handling orders since so many people try to get each pair.

idk how bots work but im pretty sure most people use them to purchase.

>> No.16409142

>>16408861
what is local listings from a public wifi doing cash transactions

>> No.16409266

>>16406999
What do you like to do? If its golf go check local proshops for out of production items or things what are worth more online. Its best to start with something you like and know about. What consumer type shit do you like anon. Start looking there first. But it's a pretty shitty way to make extra cash. It doesnt really scale and time alone can make it unsustainable.

>> No.16409379

>>16406905
Sell on Safex when it launches in a month or so. People will overpay if they can use crypto and avoid the expenses of cashing out.

>> No.16409496

>>16406905
scam local walmarts and sell on craigslist

>> No.16409617
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16409617

I'm 29 and never had a gf

>> No.16409664

>>16409379
Isn't SAFEX a scam that McAfee used to pump?
Isn't dead?

>> No.16409695

>>16408896
You need bots if you want to get anything worthwhile for resell. Doing it the old fashioned way of waiting and speed clicking to check out will get you rekt nearly every single time if its something you know will have decent demand.

>> No.16409783

>>16406905
Flip chainlink

>> No.16410575
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16410575

These cost $50 5 years ago, now they go for $300 on ebay, literally from Israel

>> No.16411399

>>16406905

Broken electronics on ebay is the absolute best thing anyone can sell there are no returns on laptops sold for parts or repair.
>Video Games they have to be rare or valuable
>Zippos
>Car Amps parts or repair or working