Auction Profit Formula Review
If you’re ever looking for a way to generate some cash that’s sure to actually do it, you can always turn to selling on eBay. Sure, you’ve got to find products to sell and yes, there are some bookkeeping headaches, but you will generate some cash if you list things for sale on the auction site.
Making it profitable is a bit more work, and that’s where Auction Profit Formula comes in. This ebook says they can show you how to earn thousands per month on eBay selling relatively inexpensive items. That sounds promising, so I thought I’d take a closer look. Is Auction Profit Formula a scam? Read on for the full Auction Profit Formula review.
Auction Profit Formula Overview
EBay is simply the biggest online auction site, and they’ve been that way for 20 years. There are millions of items for sale on the site, and there are thousands of individuals who work online from home and earn a good living selling things there. Many find things at yard sales and thrift stores, and that business model can work, but it’s unreliable.
Auction Profit Formula takes a different approach, showing you how to buy items wholesale and resell them for a profit. OK, that’s not exactly revolutionary, but then again, it’s a $19 ebook and not a thousand dollar training course. Still, the 31 page PDF book is surprisingly informative, and it offers some pretty solid advice for how to get started selling items on eBay.
I’ve been selling on eBay since 1999, so I have a pretty good idea as to what works and what doesn’t. The basic idea behind Auction Profit Formula is to sell relatively inexpensive items in super-popular categories. That way, you’ve got a guaranteed market. That’s a better idea than finding some small niche and trying to find the four or five people who want to buy something there. Instead, Auction Profit Formula suggests that you go for a huge market, but sell inexpensive accessories, rather than the expensive, and glamorous high ticket items.
That makes sense, but the accessories market is dominated by Chinese sellers who can sell things for a lot less money than you can buy them for wholesale. How can you possibly hope to compete? That’s a real problem, and I’ve been astonished at how cheaply some accessories are sold. I live in the United States, and I’ve purchased electronic accessories from Chinese sellers for as little as 75¢, and that price included free shipping.
It’s tough to compete against those kinds of sellers, but if you use the eBay methods outlined in Auction Profit Formula, you won’t have to. Author Peter Bruckshaw has a method that allows you to “work around” those problems. In fact, while you will likely be selling the same sorts of items that some of these foreign sellers are offering, in many cases, you won’t actually be competing against them. That’s because the Auction Profit Formula shows you ways to make your product distinctive, and to make it stand out from the others. Your buyers will want to buy from you because you’re offing more than your competition.
Your location will work to your benefit, too, and Auction Profit Formula will show you how to use the fact that you’re not in China to generate sales that work in your favor, even if you’re asking a higher price.
Of course, you’ll have to find these accessories in order to sell them, and in that case, Auction Profit Formula has your back. Peter lists several good resources, and you’ll be surprised to discover that the single largest supplier from China, Alibaba, is not the source. He’s recommending other sources that offer products that are higher in quality and more reliable, at prices that will allow you to compete with other eBay sellers.
Auction Profit Formula also has a section on how to build your feedback, as many eBay buyers are a bit wary of buying from new sellers. He’s got a good method for building legitimate feedback pretty quickly. Auction Profit Formula also points out that you can use many of the methods and sources in this book to sell merchandise on Amazon, rather than eBay. There are numerous advantages to that, which he outlines in the book.
A final brief chapter points out that you can use the same business model for selling inexpensive accessories to sell more expensive items, if you’d rather look for a business with a higher profit margin.
Auction Profit Formula isn’t perfect; the book appears to have been written back in 2012 or so, and I’ve just caught wind of it. Still, the only parts of the book that seem dated are the parts where Peter makes reference to such things as the iPhone 4, which was then new but is now virtually regarded as an antique. Otherwise, the methods remain sound and the sources listed in Auction Profit Formula are still good. One link within the book links to a site that changed its name a while back, but the link redirects to the new site.
The best part of the Auction Profit Formula system is that you can get started for a surprisingly small amount of money. While you can’t do this for free, you can probably get started for about $100 or so, and build your business from there.
Most of what I write about is affiliate marketing, and while that’s a good model, there’s still a huge need for physical items out there in the real world. Auction Profit Formula offers a pretty good method for making money on eBay, and it’s a method that should continue to work for a while.
Pros and Cons of Auction Profit Formula
- Well written book
- Brief, but it covers the subject well
- Parts of the book appear to be a bit dated (but still relevant)
Auction Profit Formula Summary
Is Auction Profit Formula a scam? No, it’s a well-written book that shows you how you can make money in an ultra-competitive niche by out thinking the competition. The method should work and not only that, but it’s something that you should be able to get started on with a minimum amount of money. All in all, it’s a pretty solid read, and it’s affordably priced, too.
Auction Profit Formula is highly recommended.