How To Find Great Deals OnLine!

Did you know there was a science to finding the hottest deals online? There’s a few steps you have to take to find them if you want to find really good deals.

The first thing is you want to do is find the best price by looking at what the market is willing to pay. In other words, you have to go to the location where buyers are allowed to set there own price. Here’s an example of what I use to accomplish this feat. I grew up working in the stockbrokerage and hospitality industries in San Francisco. I learned a very valuable lesson in the stockbrokerage industry buying and selling index options at the ripe young age of 19… that lesson was “the market determines the stock price”. I could offer to sell 100 shares of IBM for $90 a share, but if people are only willing to pay $85 a share I’ll never sell my IBM stock. I would have to wait until the value of the stock goes up or lower my asking price to meet the what the market is bidding (or willing to pay).

Hopefully you were able to follow my line of reason. I said all of that to help you see that you can waste a lot of time looking for something that doesn’t exist if you are not realistic. The market has a lowest price and if you try to go below that price you will have to wait or raise your price to meet the lowest price sellers are willing to sell the product you’re looking to buy okay. So that’s the first realistic hurdle, you will find that in some cases the price you jumped on was the best deal – before the price actually went up instead of down.

So, where can you find the best price that the market is willing to pay for a product? At an auction my friend. You can find a lot of different types of auctions online… but I like use eBay for this test. Every product has a ceiling when it come price. It’s like the bidding goes to a certain level or price and it hits a wall… that’s what the market is willing to pay. So lets take for example a certain pair of headphones is bidding on a few major auction sites at $21… now, you take that price and shop around on smaller auction sites and online stores that are using carts like Woo Commence and Shopify, who do not have the weight or traffic that the major marketplaces control. If they are auction sites like CGBidnow.com and you are allowed to buy from them because they only sale to residents your city, you will likely be able to get that same item for a very steep discount.

Does that make sense? Then if you’re into making money and you have an account on those major auction sites; you can then turn around and sale what you just won on smaller auction site and sale it on the major auction site for nearly twice as much or more.

I would check Amazon, eBay, CraigsList, Facebook Groups, Google, Bing, etc., for what the market is bidding or willing to pay – mainly eBay.