If you've
ever resold a ticket for a higher price than you bought it for, you've engaged in arbitrage: buying low and selling high.
I know a woman from the Ron Paul Revolution days who earns a nice side income by buying items at local stores, even dollar stores, and reselling them for much higher prices on eBay. She says the strategy works particularly well for seasonal items like Halloween paraphernalia.
Her husband says she does very well with it, but also jokes about all the stuff (waiting to be sold) that they therefore have lying around their house.
I'm glad that works well for her, but personally I'd rather gouge my eyes out than do that.
As you might imagine, the Internet makes it a million times easier to do arbitrage, particularly if you have good data (and most people don't).
And the business model couldn't be simpler.
I recently interviewed two folks, one a Praxis graduate, from the Ecommerce Business School, which has an excellent reputation, and one of whose recommended business models is indeed arbitrage.
Sign up at the link below and come watch them explain how it's done.
And remember: for every live attendee, we're donating $5 to Scott Horton's definitive War on Terror book project.
Your next step:
Tom Woods