I have managed to supplement my income nicely the last three to four months by full on buying items cheaply and reselling at higher prices. I'm a flipper. I didn't think there were any issues with this, but apparently some people find this immoral. I'm not cheating or screwing anyone, but because I got it on the cheap, I'm supposed to sell it that way too? Um, no. I got a great deal, the people buying it? They get a good deal.
Feeling pretty bad ass about the following: (keep in mind, I'm low income so these are big numbers to me!)
Dog carrier, paid $5.43, sold $40
Dvd set, paid $20. Sold $50
Mixer, paid $150 8 years ago. Sold $175
Mixer, paid $100 last month. Sold for $200.
Used tennis balls - Free. Sold for $45
WII game system - paid $80 last year. Sold for $100
Snowpants - Paid $40, sold for $60.
Jeans - Free, sold for $15
Dog bed: Paid $15, sold $40.
Dog toys: Paid $25 two years ago. Sold $70.
and so on. I've been really lucky in that, as far as I can recall this past year, I've managed to purchase and resell everything at a profit. I've yet to take a loss. I utilize craigslist (a little), ebay (a tad more), but mostly sell all this on a local Facebook group.
I guess in the wake of being told this is somehow immoral, I'm hoping some MMMer's will support me and say, "Hey! Good job on supplementing your income." Or maybe you agree with the person who bashed me. Who knows? But I wanted to brag for a half a minute about how I've managed to make good choices when it comes to judging on what people will pay for the things I buy. It is a risk, putting out without knowing if you can sell it, but I've done well and it enabled me to meet my goal of credit card debt free for 2013.