Personal Finance

How do I make some profit out of this?

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  • Sep 11th, 2021 11:14 am
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[OP]
Newbie
Dec 19, 2020
28 posts
10 upvotes

How do I make some profit out of this?

Ok so I bought an open box laptop online; and now its sealed and packed sitting in my room, i posted it in facebook foe selling by adding about $30 to it and hoping i would gain some profit say christmas time is coming and aome folks like me do last minute shopping whixh benefit some sellers. Please dont judge me. Now im not getting any offers on it. A few people said they r interested, never replied back. Its non returnable as to final sale. What can i do about it? I think my idea went wrong and I lost money.

And on the same note: idea #2 went like this..

Bought the acer chromebook 11 off the source discount price. Saved about $200. Yey. Now i put that one for sale online as well. No serious inquiries so far. I got one offer today for $125. I listed it for $160 with $50 my profit from the discount. If i go $125, i only save $15 on it. $15?! C'Mon... no i tell to the offer.

Bought a couple of dairies and journals from
Indigo at very nice price, put them for sale online, no inquries so far. Its been one week no one has bought anything... what do u think is going on? I mean what m i missing ? What may i do to up my game and earn some profit... should i wait till end year sale season? Plz dont judge hust advise. Thank u.
17 replies
Deal Addict
Dec 8, 2020
1142 posts
1287 upvotes
Toronto
OP make sure that if you sell any of the above for a profit, to declare the capital gain when filing your income tax return
Deal Addict
User avatar
Mar 23, 2011
1986 posts
1047 upvotes
Etobicoke
Being greedy only works if have have something other people want
-----------------------------------------------------

"It's better to be dead and cool...than alive and uncool!"
Sr. Member
Dec 13, 2010
731 posts
1042 upvotes
Vancouver
Well, I'm just guessing that you're not getting bites because.... you're asking more for items that people can simply order online for cheaper. I don't have any suggestions for you, as I'm not a re-seller of anything myself. Good luck.
[OP]
Newbie
Dec 19, 2020
28 posts
10 upvotes
I know i sound a little greedy but dont forget i spent hours and hours finding stuff online, paid for my internet etc.... plus i have a couple of little people to take care of.. so yeah im a little greedy .. but just a wee bit P.S im
Very nice while to potential buyers. Slightly Smiling Face
[OP]
Newbie
Dec 19, 2020
28 posts
10 upvotes
mastaj wrote: Well, I'm just guessing that you're not getting bites because.... you're asking more for items that people can simply order online for cheaper. I don't have any suggestions for you, as I'm not a re-seller of anything myself. Good luck.
Thanks. I guess u r absolutely right. Thanks
Deal Guru
Dec 5, 2006
11781 posts
6837 upvotes
Markham
Janus2faced wrote: OP make sure that if you sell any of the above for a profit, to declare the capital gain when filing your income tax return
Thanks for destroying kijiji and Craigslist lol
Deal Addict
Jan 2, 2015
2427 posts
2091 upvotes
NOT centre of Univer…
In order to make any money on reselling items, you have to get the item REALLY cheap depending on the item or a little less if it's something that doesn't get discounted ever. . You also have to make it worth someone while to buy from you vs online themselves or a store. You don't offer warranty or anything and are an unknown. They don't know if you are going to rip them off, so for a few dollars more, they would get it from the store. The only reason someone would buy from you is if it's really cheap, or you have something that is difficult to find.
On a 'smart' device that isn't always so smart. So please forgive the autocorrects and typos. If it bothers you, then don't read my posts, but don't waste my time correcting me. If you can get past the typos, then my posts generally have some value.
Deal Guru
User avatar
Mar 23, 2008
13002 posts
9928 upvotes
Edmonton
BigBlackBadal wrote: Thanks. I guess u r absolutely right. Thanks
In the future, you might want to investigate how much your "online treasures" are actually worth before buying non-returnable items. Plus keep in mind that many people are starting to stonewall their wallets for tech purchases with Black Friday in the not-so-distant future. Prices are only going to fall between now and Boxing Day.

Or you could just get a real job. Where you know how much you're going to get paid for an hour's worth of work.

C
Sr. Member
Feb 18, 2019
569 posts
782 upvotes
If someone offers what you paid, take it and run.... If you want to flip for profit on Kijiji, you need to be more creative than just buying open box laptops for 10-15% off.
Deal Addict
Dec 27, 2007
4145 posts
1496 upvotes
Edmonton
ill give you $130 for both the chromebook and the laptop

dont care for diaries and journals - sounds like its recycle.


also I will echo the other poster, maybe you should get a job?
grab a shovel and dig holes for people for their fence posts. Sounds like something you can accomplish
warming up the earth 1 gas fill-up at a time...
You only live once, get a v8
Jr. Member
Apr 14, 2019
113 posts
133 upvotes
You are seen by most as selling used stuff.

Unless you have a store front or you are selling on ebay and guarantee everything is brand new (backed up Ebay / Paypal guarantee).

Very dificult to buy retail and sell for a profit, you need a wholesale supplier.
Deal Expert
User avatar
Jan 27, 2004
48339 posts
11616 upvotes
T.O. Lotto Captain
If you want to do stuff like buy+sell for money…
Try to get old wooden furniture for free or cheap.

Then sand and refinish it. I did this to a park bench. Free busted up park be bench. Sitting on a front lawn with a sign “free” on it.
Changed a few pieces of wood $20
$10 wood finish.
Sandpaper i already have. Refinished that and someone paid me $150!

Try it. Takes work though.

https://www.kijiji.ca/v-outdoor-decor/m ... ios_social
Deal Fanatic
Apr 16, 2007
8124 posts
3450 upvotes
Financial District B…
This is really pathetic.
Buying open box products and then trying to pawn them off as new or like-new? and buying other things on sale then reselling them at retail? insane
----------------------------Licensed Credit Bureau member, S1, FI Automotive, CCP forums most banned = x 13 and counting, guess who that is?... stomped to the curb once again
Deal Expert
May 30, 2005
47086 posts
7491 upvotes
Richmond Hill
mikeymike1 wrote: This is really pathetic.
Buying open box products and then trying to pawn them off as new or like-new? and buying other things on sale then reselling them at retail? insane
I mean, retail arbitrage is a billion dollar business. It's no different than buying Amazon return pallets and listing them on eBay.

OP, the market is definitely there, but you're not going to make money unless you buy in bulk and buy dead cheap - like, less than 10% of retail in most cases. Then you can flip it for 50-60% of retail. It's also a lot of work. Watch retail arbitrage videos on Youtube and you'll see what the guys have to go through. In many cases it's a side job or hobby, if you made $15 on $110, I would've taken it and run - not like a laptop is any hard to find item.
Deal Expert
User avatar
Dec 12, 2009
23577 posts
12760 upvotes
Toronto
Since when does reselling a laptop constitute a personal finance discussion? Can anyone finance any bit of their lifestyle on this type of caper?
Koodo $40/6GB
Public Mobile 2016 fall promo, $23/1GB, $38/5GB
Fido $0.00/4GB+tablet
Tangerine Bank, EQ Bank, Simplii
Deal Addict
Dec 22, 2007
1269 posts
887 upvotes
Mississauga
BigBlackBadal wrote: Ok so I bought an open box laptop online; and now its sealed and packed sitting in my room, i posted it in facebook foe selling by adding about $30 to it and hoping i would gain some profit say christmas time is coming and aome folks like me do last minute shopping whixh benefit some sellers. Please dont judge me. Now im not getting any offers on it. A few people said they r interested, never replied back. Its non returnable as to final sale. What can i do about it? I think my idea went wrong and I lost money.

And on the same note: idea #2 went like this..

Bought the acer chromebook 11 off the source discount price. Saved about $200. Yey. Now i put that one for sale online as well. No serious inquiries so far. I got one offer today for $125. I listed it for $160 with $50 my profit from the discount. If i go $125, i only save $15 on it. $15?! C'Mon... no i tell to the offer.

Bought a couple of dairies and journals from
Indigo at very nice price, put them for sale online, no inquries so far. Its been one week no one has bought anything... what do u think is going on? I mean what m i missing ? What may i do to up my game and earn some profit... should i wait till end year sale season? Plz dont judge hust advise. Thank u.
you be better off buying nintendo switches at shoppers with bonus points and selling those. give the receipt etc.

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