I have 30k to invest and was think of buying a couple of iphone 3g models to sell on ebay?

Question

is this a valid way of making money anyone else done anything like this buy iphones in bulk?

Answer 1

You could always send it to me!

Answer 2

Not worth it dude; been there. There's a large chance you won't sell all of them and you'll be stuck with them. Ever watched "The Pursuit of Happyness"? Remember the machine? Yeah, lol.

What I did was invest in Forex trading using a trading system. I wouldn't put a full $30k in, maybe $1k-$5k to start.

But what you do (and what I did) is make sure the trading system has a 60 day money back guarantee first; then make sure you can use a demo account. A demo account let's you play the trading game with "play money" so you can see if you can profit from the trading system without investing your real cash.

Use the demo account for 59 days and if you see you can make profit you keep the system and invest your real cash. If there's no profit to be made you get a refund and try another system; there's literally no risk when buying one.

If you're interested I found reviews of the top 3 Forex trading systems: http://forex-tracer.the-perfect-solution...

Answer 3

What kind of rate of return are you looking for?  I would think that your idea is VERY speculative!

let me know what rate you are looking for over a 1-3 year period maybe we can help...?

[e-mail]

www.netvestfund.com

Sheldon

Answer 4

margins are probably very small due to competition

Answer 5

This is easier and more fun to make money

i have stopped with ebay at the moment

http://www.zlio.co.uk/signup?r=285206

build your own website free,

i did.really easy to do takes 5 minutes to have it up and running

use these guys if you want to sell products online you dont need to keep products yourself and you gain lots of commision

and you get money of thousands of websites

Answer 6

Unless you are able to guarantee making money on them I wouldnt'... I have been on ebay for years and stuff like that (hot stuff) you have to sell while supplies are limited and demand is high.  (think tinkle me elmo years ago).

Otherwise tech changes so quickly that you could be left holding a loss while you are clearing them out.  

Go to the ebay user question board (right column on the site map) and ask there as those people have been on for years and know their stuff.  

I certainly wouldn't sink 30K into it.  you'd be better off sticking it into high yield cd or soemthing I would think.

Answer 7

Better open a high yield account in a bank in Eastern Europe. You will earn 12% APY with NO RISK. All deposits are insured by the government.

12% annual return is guaranteed ($3,600 per year).

I have opened such a high yield account 5 years ago. Email me for more info.

Good luck!