Thread: A Hustler's Guide To Buying And Selling Anything.

I've been clogging up the other thread, so I'm going to start my own. In here, you will find tips, tactics, and strategies as well as my own personal successes and failures (akin to a diary, but far more interesting) in learning the game of 'hustling'.

For many people (and probably the origin of the word corroborates this), 'hustling' has a negative connotation. I don't live in the ghetto (okay..well I kind of do haha), but in my opinion hustling is an awesome and empowering word. To me it simply means that you can make money in almost anything you do. (provided legal).

Back to topic: The greatest thing about this, is that you can make money ANYWHERE, selling almost ANYTHING. There may not be a market for the stuff in your particular area... but guess what, there is an entire world at your fingertips when you buy and sell online.

I see no reason not to buy stuff in your local area, if only to resell online to some guy 1,000 miles away. It's all about the pursuit of the $$$.

I'm far from an expert yet, but if in one week I can purchase over $1,000 worth of stuff with no initial investment, there's really no reason you can't either (unless you're an idiot... which is entirely possible ).

$1,000 for a few hours of work (6 hours maximum I'd say it took me) sounds good to me. In fact I only left my house ONCE for business purposes, even though I put together at least a dozen deals. What I'm getting at is... this is just a start.

I'm going to build this up to great heights, eventually clearing $1,000+ on every deal. But everyone has to start somewhere. I'm taking you along for the ride, and you're welcome to emulate any strategies and tips you'd like.

There's plenty of money in the world to go around!

-Ryan

Hustlingggggg Good thread idea as i myself will start doing this since i am a college student and could use some extra $$ while im learning and developing a fastlane business.

Hope your not in NY and will destroy my business

Sounds like you're moving on form N64's! Good luck, can't wait to see what happens.

Tom

Great advice! Found this article with Jason Fried ( one of the co-founders of 37signals) and he talks about this exact thing. Read the last part. (or the whole interview, pretty interesting)
Making Money | Small Business Advice from Jason Fried of Inc.com, Page 3 | Inc.com

Also, if anyone has any questions, please post them here instead of PMs (already received a few, so it's nice to see that many people want to get started).

That way it can benefit everyone, and hopefully lead to a discussion.

Was looking for a appraisal website and only found one so that might be a fastlane idea hmmm just skip the buying and selling and just tell people what to sell it for.

How To: Value Your Items

I received a question regarding how to find the value of an item you have for sale.

This is really easy and simple to do (provided your item is not one of a kind). EBAY!

The market determines what something is worth, it doesn't matter what you may think it is worth, or what you want to sell it for. If you are not within the average (give or take a few % either way) you probably won't get any offers. There are certainly exceptions, but rare.

I've been dealing primarily in videogames (I also sold/buy/sell, fitness products, books, dvds, EReaders, GPS equipment) because they are cheap, and for the older games bring back a nostalgic feeling which everyone can relate to (which means higher than average demand for the product).

When valuing a game I use two sources: Ebay and Videogamevalue.com. For example, let's take the game 'Super Smash Bros.' for N64.

Punching it into Ebay you get prices ranging from $20-$80. (I generally include at least 50% of the shipping cost into the price of the game, even if I'm only listing it on craigslist) So I split the difference at $50. Then just to make sure, I punch 'Super Smash Bros.' into Videogamevalue.com and the average used copy price is currently $43, so I know that I'm in a good price range.

Disclaimer. I sold a copy of Super Smash Bros. for $50 two days ago.

Originally Posted by Clenjamin

Was looking for a appraisal website and only found one so that might be a fastlane idea hmmm just skip the buying and selling and just tell people what to sell it for.

There are dozens for every conceivable kind of item, look harder

You were right RyanDrake I wasn't looking hard enough.

dr. dre earphones

Easily worth double what that guy is selling them for.

what we need to make is something that searches craigslist then amazon and ebay and finds deals thats you can make value off of.

Originally Posted by Clenjamin

what we need to make is something that searches craigslist then amazon and ebay and finds deals thats you can make value off of.

The coding already exists. I don't use it though.

When I expand enough, I'm just going to hire some of my friends to do it manually.

You can find dozens of deals in minutes... if you can't find any deals, make them. Lowball everyone until someone agrees.

Originally Posted by RyanDrake

The coding already exists. I don't use it though.

Is their a website that lets you use the coding or you have to make one yourself?

Im currently looking into automating this aswell.

I can't give away every 'secret' but you can either make your own code, or use one of the one's already out there. If you search this forum you'll find one.

Hustling: Taking something and giving high value to someone else. The hustler takes the cut from between the true value and the perceived value of the item, service, or information.

Scamming: To sell something of promised high value for a low value, to which no value is to be had.

Politicking: Tricking people into what has value.

Originally Posted by Sky

Hustling: Taking something and giving high value to someone else. The hustler takes the cut from between the true value and the perceived value of the item, service, or information.

Scamming: To sell something of promised high value for a low value, to which no value is to be had.

Politicking: Tricking people into what has value.

...ok?



Anyway... Made a $115 profit while hanging christmas lights outside of my house 15 minutes ago. The guy drove up and we made a deal.

50/50 chance of making another deal tonight, just working on the numbers with another person.

I made more money this weekend than I could make in a week at one of my jobs (I have 3).

Sorry, might have went over your head with that one. Good hustle.

Originally Posted by Sky

Sorry, might have went over your head with that one. Good hustle.

Hardly.

I was starting a diatribe, but decided to stop. Looks like I'm growing up. Good luck to you.