Difficulty: Moderately Easy
Things You’ll Need:
- A PC, online connection, a currency converter, and a ebay account, as well as a ebay seller account. and a Paypal account.
Step1
Open 3 tabs in your browser. 1 is for the USA Ebay website. 2 is for a foreign ebay website. For example Ebay.eu. The 3rd tab is for a currency converter.
Step2
Search for a general item on both the US ebay website and the foreign website. For example a playstation 3. When you have found similar listings on both websites, use the currency converter to convert the amount of the foreign currency. For example the Euro price for a playstation 3 price may be 450 euro which equals out to 639.72 USD. and in the Us the price of a playstation 3 equals out to 400 us dollars. Now that is a big difference.
Step3
Now that you have your product and price difference you can start making money. Here is what I do. I take the Us playstation 3 that is being sold, and I list it on the foreign ebay website for the regular foreign rate of the item. Now it is very important that you look at these key factors. 1. the US seller has to offer shipping to the Foreign country that you are listing the product in. 2. You have to accept and pay only with paypal. The reason is because it makes the transactions go faster and smoother. 3. Make sure the product that you are listing is in a buy it now format and the product that you are buying is in a buy it now format. 4. Make sure that when you list the product you look at all of the expenses that are going to effect your profit. For example the price of the currency conversion of when you are paid through paypal, and the shipping cost from the US location to the Foreign country's location. Now that you have everything figured out, When you are paid from the buyer in the Foreign country, Buy the product from the US website. Now when you buy the product IT IS VERY IMPORTANT THAT YOU PUT IN YOUR BUYERS FOREIGN SHIPPING ADDRESS SO THAT THE PRODUCT GOES TO YOUR BUYER AND NOT TO YOU. After all that is done you would have made about 200.00 dollars in profit without even spending your own money.