This is another brief summary to give you an idea how this works. The finite details that explain everything, what to look for, and how to make the right decisions are all explained in the book, eBay Arbitrage.
And again, even though I have my favorite category (and favorite products within that category) from doing this so much, I just chose one at random to show you how this is done from scratch.
While you will always be doing Live auctions, this example is using already closed auctions so you can see what took place and how you could have participated.
1) Pick a category and dig deeper into it:
Category: Home & Garden > Pet Supplies > Dog Supplies > Training & Obedience > Shock Collars
NOTE: I know nothing about Dog Shock Collars.
2) Now, here I looked through all the completed listings and focused on The Exact Same Product and found the highest and lowest auction closing bids.
The item I decided to focus on was the Innotek 2-Dog Basic Trainer Model BT-502A.
Note: the highest closing bid was the last one in the listings ($169.99), and the lowest closing bid is the 3rd from the top ($41.00), see below:
Now, What does all this mean?
1) The highest closing bid on eBay was $169.99 + $9.80 shipping = $179.79.
3) The lowest closing bid was $41.00 + $12.00 shipping = $53.00.
4) The difference is $126.79.
Both auctions were on the same model of dog trainer, yet one sold for over Three Times the other! How can that be?
If you were doing Arbitrage, you could have won the lower bid auction, relisted that same dog trainer yourself on you own auction, and made a potential profit of $169.99 minus $53.00 = $116.99.
This is just from one simple auction!
Now, If you’re ready to get serious about doing eBay Arbitrage and make some easy profits as illustrated above then get eBay Arbitrage and get started.