Wednesday, November 28, 2007

Wii Arbitrage

I suppose Black Friday madness is good for something: I found myself in possession of 1 more Nintendo Wii than I needed, so I decided to get rid of it on eBay.
Posted: 11/24 9:59pm
Sold: 11/24 11:27pm
Method: Buy It Now
Price: $400.00

I wanted to price it for a quick sell, so I used eBay's shipping calculator to charge the actual shipping, and not gouge the buyer like most sellers do. I looked at what Wiis were selling for: $360.00-$450.00.

This is how it broke down:
$419.58 Seller Paid ($400.00 + $19.58 Shipping and Insurance)
- $ 12.47 Paypal Fees
$407.11 Received from eBay
- $262.49 Cost of Wii + tax
- $ 17.35 eBay fees
- $ 29.00 USPS shipping (I was late getting it off so I sent it Priority Mail at my expense)
$ 98.27 Profit

So stand in line this holiday season, and make yourself almost $100 free and clear.

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