Saturday, August 14, 2010

The Secret of Turning 100 Dollars Into 1000 on Wholesale Lots!




The secret of deriving a huge profit in any kind of business is in buying and selling activities of merchandise items in bulk. I witnessed it from Chinese Merchants who converted 100 dollars into 1000 by buying eBay wholesale lots.

You can select from many different kinds of products you can buy in wholesale lot on ebay. One basic need in school is book(s) which you can buy in large mixed lots and with an initial 100 dollar investment; you could buy a 400 book lot and make a big spread when you sell them for a dollar or more per book. Although some of the books may become worthless, still there are others that can be sold for an upward price of $15 a piece. So in my experience, traders who never spend more than $0.25 per book have had achieved most success as they saw how quickly that will add up.

Clothing is viable merchandise for eBay wholesale lots and the same concept as that of the books apply. Manufacturers will sell to you mixed lots of clothing for pennies on the dollar in their desire to avoid a large inventory of this item. Once you buy them, all you need is to re- list it for sale on eBay and experience the pouring in of your profit.

The most significant thing to remember is to keep reinvesting your capital if you want to turn 100 dollars into 1000 every now and then. As the profit keeps rolling in, buy more mixed lots, because the more products you have for sale, the more money you will be bringing in and eventually you will achieve your goal of financial freedom.

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