<![CDATA[Debt Adventure - Articles]]>Sun, 28 May 2017 03:16:53 -0600Weebly<![CDATA[How You Can Make Thousands From Mini-Jackpots.]]>Mon, 18 Aug 2014 18:48:53 GMThttp://debtadventure.com/1/post/2014/08/how-you-can-make-thousands-from-mini-jackpots.html The Mini-Jackpot

If you regularly shop rummage sales and thrift stores, you've likely experienced the rush of hitting a Mini-Jackpot.

It’s finding that 50 cent book, game or toy that you can turn around and sell for a ridiculously high price online.

It’ll make you want to break out in your happy dance (admit it, you have a happy dance.)   Sadly, happy dancing will have to wait as you’ll need to do everything in your power to contain your excitement.  

Perhaps you get a sense of paranoia that those around you somehow know what you found; you're convinced they will snatch it from you if they get the chance.

You play it cool, wiping the sweat from your brow as you go to pay.

As you leave, you hear the faint sounds of angels singing.  



Here's The Secret!
Wouldn't it be great if you could consistently find these Mini-Jackpots?  You could make hundreds, even thousands every month.

I bet you'd like me to tell you the secret to consistently finding these items.  Well I'm not going to, because there isn't one. 

You can't rely on these Mini-Jackpot finds as a consistent income stream. 

Or can you?

A few weeks ago I was shopping at a thrift store and purchased a computer accessory.  It was one of those Mini-Jackpot moments.  

It cost me $12 and I sold it on Amazon a week later for $250.  After shipping costs and fees, how much profit did I make?  A little over $1000 and counting.  

No, the extra zero is not a typo.  I made one thousand dollars.  Before you begin questioning my math skills, let me explain how you can do this too.

When you find a profitable item at a rummage sale or thrift store you’re likely overlooking a huge, and I mean HUGE, (did I say huge?) opportunity.

For example, you purchase a Barbie on clearance for $5 at Target.   You look it up online and see it’s selling for $40.  What would you do next?  Would you go home and do your happy dance?  No, you’d try and find more at other Target stores in your area.  Leo at Gmargin has a great article here on how he did this on a large scale.

Are you doing the same thing with your rummage/thrift finds?  If not, it’s time to start.



Where The Heck Am I Going To Find More? 

Unlike target, you can guess there’s a pretty slim chance that multiple rummage sales or thrift stores will have the same items.   

However it can still be done; here are a few places to look (some of these may seem obvious, but I felt it necessary to include them):

-Forums

This is an often under-utilized method of finding items to resell.  If you actively participate in online forums, you'll notice there is often a buy and sell section for members.  This is an excellent way of sourcing more of an item.  There are hundreds, if not thousands of forums out there on any given topic. You can use a forum search website such as Boardreader to search for forums related to your product.

-Mom and Pop stores

If the product is no longer made, you might have some luck hitting up a local Mom and Pop store.  Unlike big box retailers, these small local stores aren't as quick to mark down or clear out old inventory.

For example, I use to work at a small retail store that repaired printers and type-writers.  We had dozens of brand new type-writer ribbons that were probably 20 years old.  There wasn't much demand for these, but the owner wasn't going to get rid of them.  Occasionally someone would purchase one because they weren't available anywhere else.  If he's able to sell one here and there, why not hold onto them. Looking back, I wish I would have snatched all of them up with my employee discount.  I could have made quite a bit on those ribbons.

-eBay

Right off the bat I was able to score 4 more of my item on eBay.  I wasn't able to get them for $12, but I was able to purchase them for between 60 and 100 each.  That still leaves me with a good chunk of change selling them at $250.  I also set up eBay alerts to get notified when there are new listings for the item.

-Craigslist

Over the past 2 weeks I was able to buy 2 more on craigslist for less than 40 dollars each.  I also placed an ad in the “wanted” section offering to pay $50 for the item.

-Price Comparison Sites

Use a price comparison site like PriceGrabber to search thousands of online retailers for your item.  Sometimes you might get lucky and find a smaller online retailer with the product in stock.  As a side note, always make sure you research any retailers you haven't heard of before handing over your credit card information.



Consistent Cash Flow

Next time you run into one of those Mini-Jackpot items, or any profitable item, take a little extra time to see if you can find it anywhere else.  Before you know it you'll have a list of items you'll always be on the lookout for.  Set up those eBay alerts and take time once or twice a week to search for these.  You will have turned your list of one-off Mini-Jackpots into a fairly consistent cash flow.

Care to share how much you made on any of your Mini-Jackpots?

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<![CDATA[How to Profit from Out of Stock Amazon Items]]>Mon, 11 Aug 2014 20:30:02 GMThttp://debtadventure.com/1/post/2014/08/how-to-profit-from-out-of-stock-amazon-items.html Trying to make a few extra bucks reselling items on Amazon?

Here's one way to find resalable items you may not have thought of.

Instead of focusing on finding discounted or clearance items, we are going to focus on finding items available to you, but not available on amazon. 

Like any other retailer, Amazon runs out of stock on items.  When this happens, there's potential for profit.

Here's how to make a little extra cash:
1. Go to CamelCamelCamel and search for a keyword, I usually will enter a brand name. 
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2. On the search results screen click the "go here" link.
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3. Order by Popularity and set Direction to Descending.  Click Update.
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4. Scroll through the results and look for items that show as "Not in Stock" by Amazon but available as '3rd Party New'. The new price will give you an idea of what the item is currently selling for from other sellers.
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5. Use a price comparison website to see if you can find the item cheaper locally.  I usually use The Find.
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In this example I was able to locate the Lego set at a local Sam's Club for significantly less than it sells for on Amazon.  Be aware that this method can be hit or miss depending on an item's demand.  

Lego Sets are a good place to start with this method.  It will help you get a feel for how this works. Lego sets are regularly retired which results in a situation as shown above.  Once you get a good handle on how this works you can start branching out into other categories.

Last week's post on How to Always Get the Best Price at Walmart is a great way to find deals on hard to find Lego Sets.

If you're not familiar with sending items to Amazon to sell, Ryan at OnlineSellingExperiment has a great Guide to Creating your first Amazon FBA Shipment.

If you found this post helpful, please feel free to share or like below.
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<![CDATA[How To Always Get the Best Price at Walmart]]>Wed, 06 Aug 2014 01:46:26 GMThttp://debtadventure.com/1/post/2014/08/how-to-always-get-the-best-price-at-walmart.html Last week I went over 1 Simple Trick to Find Amazing Deals Online At Lowes.

This week I am going to show you a similar trick to get the best deals at Walmart.

You will need to have Google Chrome installed as well as the User-Agent Switcher for Chrome.

When you browse Walmart.com using your desktop computer you will always see the online price, regardless if the in-store price is cheaper.

If you browse Walmart using the browser on your mobile phone, adding an item to your cart will show you the in-store price.  Sometimes this price is lower than the online price.

In my opinion the desktop version of the site is easier to browse, but this means you won't see the in-store prices in your cart.

There is a way to get around this once you install the User-Agent Switcher for Chrome.

1. Go to Walmart.com - Homepage and select a local Walmart store.

2. Add any items to your cart in which you want to check the in-store price.  These items will show 'Free store pickup as soon as today' in the listing.
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3. Go to your cart and make note of the prices.
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4. Select the User-Agent Switcher icon
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5. Select iOS -> iPhone 4
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6. Type 'www.walmart.com' in the address bar and hit enter.  Notice the mobile site is displayed

7. Select the cart icon.
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Wal-Mart.com USA, LLC
If the prices shown in the mobile version are cheaper, order them from the mobile site.  

If they are more expensive, go back to the desktop version of the site by clicking the User-Agent Switcher icon.  Select Chrome -> Default, type in www.walmart.com again and the desktop site will display.

Please comment below if you have any questions or additional tips.
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<![CDATA[1 Simple Trick to Find Amazing Deals Online At Lowes]]>Fri, 01 Aug 2014 20:38:41 GMThttp://debtadventure.com/1/post/2014/08/1-simple-trick-to-find-amazing-deals-online-at-lowes.html
Want to learn how to find amazing deals on lowes.com?

Following is a simple method to find items at a huge discount.  If you sell on Amazon or eBay, you can easily resell your finds for huge profits.

1. Go to lowes.com

2. Locate your nearest lowes location and set this to your preferred store

3. Choose a category (I usually start with tools)

4. Sort the product list by price from highest to lowest

5. Start scrolling until you find a scenario like this:

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You sorted the price from highest to lowest, why is the Hitachi Drill priced less than the one above and below it?

We can see this same item is selling on Amazon.com for much more.  If you were to sell this with Amazon's FBA program you'd make an easy $80 profit.
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Setting your local lowes as your store causes the website to display the local store's price for items.  It sorts the items by the retail price but displays your local price.  


This makes it simple to find items that are deeply discounted at your local store.  Note that these are not the same as clearance items.  In the above example there is no clearance label associated with the item.

Here is another example of two garden sheds I purchased a few months back.  These retail for about $400 each.  Look what I snagged them for:

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Add these discount items to your cart and select in-store pickup. If you have multiple lowes locations nearby, change your selected store and repeat the process.  

To save even more money use a credit card with cashback, I usually use my Discover Card to get at least 5%.

If you found this useful, feel free to subscribe to receive my next post via email.  I'll be sharing a strategy to find great deals at another major retailer.  Stay Tuned!

Please comment below if you have any questions or have additional tips.

Updated 8/14/2014 to include how to video below:
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