What Is It
Simply put, buy something for less than its worth and sell it for more than you purchased it for.
How It Works
Use craigslist, ebay and other like sites to find bargain products that are on high demand such as cell phones (iphones, blackberrys). Ask questions regarding warranties and test the products to ensure they are in good condition and working order. Always bargain with the seller to reduce the price even if its by $10-$20. Take the product and list it on sites at an increased price and if the price is reasonable the buyers will find you. Make sure you do some research into high demand products and what they typically sell for before making any purchases. This will allow you to know when you have found a bargain that you can easily resell and make some money from.
Earning Potential
Pick the right products and you could make a few hundred dollars a month on the side.
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