Flipping for profit
Discussion
Is it me or is there a lot of this going on these days?
I'm not in the market for a PS5, my girls are too young, but ebay seems to be teeming with brand new unopened consoles, including xboxes.
Obviously it happens with new cars.
I also noticed it with RC cars.
Just seems like a lot of hassle for a few hundred quid, especially when everyone seems to be doing it. The second hand market looks saturated.
I'm not in the market for a PS5, my girls are too young, but ebay seems to be teeming with brand new unopened consoles, including xboxes.
Obviously it happens with new cars.
I also noticed it with RC cars.
Just seems like a lot of hassle for a few hundred quid, especially when everyone seems to be doing it. The second hand market looks saturated.
Yep there’s loads of it
Graphics cards, watches, hot tubs, consoles, trainers, clothes etc
If there’s a demand then some one in there bedroom will be bulk buying them to flip later.
It’s always happened but with lockdown restricting supply of things and people having less to do and looking for a way to earn bit a bit extra it’s gone a bit mad over the last 18 months.
Graphics cards, watches, hot tubs, consoles, trainers, clothes etc
If there’s a demand then some one in there bedroom will be bulk buying them to flip later.
It’s always happened but with lockdown restricting supply of things and people having less to do and looking for a way to earn bit a bit extra it’s gone a bit mad over the last 18 months.
Have flipped the odd Seiko watch over that last few years. Buy a non garish Ltd Edition in the sale and wait till they sell out making between 50 and 25‰.
Yesterday managed to score two XBOX series x as previous orders have been cancelled so played the numbers game. Keeping one for my son and the other is destined for an ebay auction ending just in time for delivery on Xmas eve.
Recently made £200 quid on a MTB that I used for 6 months from new. Not a massive amount but was getting rid anyway.
Yesterday managed to score two XBOX series x as previous orders have been cancelled so played the numbers game. Keeping one for my son and the other is destined for an ebay auction ending just in time for delivery on Xmas eve.
Recently made £200 quid on a MTB that I used for 6 months from new. Not a massive amount but was getting rid anyway.
itlab said:
Yep there’s loads of it
Graphics cards, watches, hot tubs, consoles, trainers, clothes etc
If there’s a demand then some one in there bedroom will be bulk buying them to flip later.
It’s always happened but with lockdown restricting supply of things and people having less to do and looking for a way to earn bit a bit extra it’s gone a bit mad over the last 18 months.
They've been doing it with concert tickets for years.Graphics cards, watches, hot tubs, consoles, trainers, clothes etc
If there’s a demand then some one in there bedroom will be bulk buying them to flip later.
It’s always happened but with lockdown restricting supply of things and people having less to do and looking for a way to earn bit a bit extra it’s gone a bit mad over the last 18 months.
Half a life ago when the PS3 came out, us over on a now defunct Sega/satire/misanthropy site were pissing ourselves at the eBay scalpers...
As Argos shops up and down the country had loads of stock
As Argos shops up and down the country had loads of stock
I used to do this with watches for about ten years. I was working for global company and flying pretty much every week. Airport jewellers with high end limited edition or very low volume watches were my haunt every time. Buy the right watch, factor in the exchange rate, sell for good profit. In some cases upwards of £2k per watch profit.
Magnum 475 said:
I used to do this with watches for about ten years. I was working for global company and flying pretty much every week. Airport jewellers with high end limited edition or very low volume watches were my haunt every time. Buy the right watch, factor in the exchange rate, sell for good profit. In some cases upwards of £2k per watch profit.
I know someone who makes a living from watches, they are a luxury purchase and a lot of folk have a lot of money and aren't that into haggling plus want to say how much it cost. They made 40 grand on one watch, bloke offer it them having made a decent profit himself, they sell it on immediately for 40k more and the guy who sold it them somehow found out and wasn't happy with his profit any more 
itlab said:
Yep there’s loads of it
Graphics cards, watches, hot tubs, consoles, trainers, clothes etc
If there’s a demand then some one in there bedroom will be bulk buying them to flip later.
It’s always happened but with lockdown restricting supply of things and people having less to do and looking for a way to earn bit a bit extra it’s gone a bit mad over the last 18 months.
The graphics cards are incredible!Graphics cards, watches, hot tubs, consoles, trainers, clothes etc
If there’s a demand then some one in there bedroom will be bulk buying them to flip later.
It’s always happened but with lockdown restricting supply of things and people having less to do and looking for a way to earn bit a bit extra it’s gone a bit mad over the last 18 months.
Friend of mine mines etherium, and has spent thousands about 10 to 20k on cards.
In conversation he mentioned the used cards from several years ago are selling for more than what they cost new.
Really difficult to get any of the newer ones near msrp.
There must be some seriously desperate people out there to be paying over the odds for PS5's. Mine arrived a few weeks ago, and while its an improvement I can't honestly say I'd be happy about paying more for than RRP, particularly if it meant lining the pockets of a flipper.
The other issue is warranty surely? If you sell one and it packs up after a month you either have the hassle as a seller of dealing with the return (the right thing to do) or being a tw8t and blocking communications with the buyer.
If you're buying, you run the risk of the seller taking the second option above in the event of a problem, so this just means people must be even more desperate for one to consider it worthwhile (or perhaps they're not considering it, naively)
The other issue is warranty surely? If you sell one and it packs up after a month you either have the hassle as a seller of dealing with the return (the right thing to do) or being a tw8t and blocking communications with the buyer.
If you're buying, you run the risk of the seller taking the second option above in the event of a problem, so this just means people must be even more desperate for one to consider it worthwhile (or perhaps they're not considering it, naively)
Psycho Warren said:
They only exist because mugs will pay the inflated prices.
To be more accurate, this practice of flipping only exists because of supply and demand. If buyers could go out and buy the item they want at retail price, they wouldn't touch anything for sale by a flipper.The demand for 'luxury goods' in many countries, including the UK, has been notably expanding for the last 20+ years, and now seems to be accelerating faster than ever. There are incredible shortages of goods such as watches, high end clothing, art, handbags, vehicles, jewellery, and even (as pointed out) items like games consoles, expensive bicycles, computers, electronics, luggage, hot tubs and so on.
Supply off these goods as not been reduced, and has actually been increased over time for most items, but demand continues to outstrip supply by a significant margin.
Everyone wants the latest PS5 for their kids, they want a Range Rover, they want a Rolex, they want their wife to have Chanel/Hermes/Tiffany, and they want that £6000 carbon fibre bicycle to ride at the weekend.
"Keeping up with the Joneses" has never, ever, been so acute as it is right now.
This explosion in 'ordinary people' wanting the best of everything, has led to the rise of flippers.
Edited by anonymous-user on Thursday 25th November 16:17
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