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So welcome to episode one of making money online we talk about all the ways that you can make a bit of extra income utilising technology and the Internet that is all techniques that I've got to use myself for the tried and tested and today's technique is to sell stuff online specifically old technology so I say old tech I'm talking about cassette players vinyl players VHS players VHS is old video games or video games consoles basically anything that was kind of like top and back in the day that just is more obsolete now not as used as much but still very sort after So what I'll do is I'll go to your local market places first so if you're in the US it might be like at Craigs list of you in the UK I'd go for gumtree next door Depop even got address book and a couple other market places face of my classes another good one and just look for people getting rid of old stuff so search old VHS or search specific VHS player so sunny Brandon VHS player or search for specific games console Orsova game and it's go to the list things and make a list of all the ones that you think are in good condition that perhaps not optimised well what do you got a list of Danny some research on eBay to see what the average soared listing goes for and if it's good enough price then throwing an offer and I can get it around 50 to 60% below the average asking price on eBay you can make a bit of money No there's a lot more to this and go over it in a longer form some weight but essentially if you just do a couple of these flips every month you'll probably add an extra couple hundred pounds to your bank account if there's any questions on how to do this if you'd like me to go into more details then let me know but yeah that's my tip for today
That's amazing, that sounds brilliant and I guess one of the things that I'm curious about is if you have any tips around how to actually identify the average pricing and the average listing price.
So I tend to look at live listings 1st to see what the market is in terms of what I compete against and then complete listing to see what people actually have been willing to pay so it's a very manual process but there is a tool that I know that's been worked on that wall and I don't do that
So just to add onto this is actually a tool has been divided right now that I will be sharing soon that will actually pick and find some of these flip a ball deals online so keep an eye out for that once it's ready