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Arbitrage from Selling Books
This offer has reappeared, so here are
my comments from my guest post on the topic:
Full article at:
Limited Markets
These are not scams, but offer buyers
less than they might expect. Arbitrage (risk-free profit):
This is buying in one market and selling in another market at the same time. Apart from having to buy as well as
sell (twice the work), a risk-free profit appeals to most of us. I teach arbitrage and it always
disappears quickly. You have to be fast in and leave before
the rest arrive. There is no mass market for arbitrage.
Also, the software designer/seller has
a head start on you for the same business. We have chosen making money online as
it has millions of potential buyers. The buyers are far less in the
following example: Done for You System for Physical Goods-
Arbitrage from Selling Books A new service received a large amount
of coverage about 6-9 months ago. It is a done-for-you system of buying
books cheaply from US book stores and selling them to Ebay/Amazon in the US. You rent the software, anywhere in the world. It will identify where you can buy low
and sell high (arbitrage), you make the buy/sell transaction and they will transport the books for you. Risk-free profits! Nothing could
possibly go wrong, could it? I left this great opportunity alone,
possibly missing out on earning a fortune. My reasoning:
The software designer/seller has a head start on you for the
same business (books).
Everybody was focused on the
same books sector
– market saturation – too many people eating from one plate. Even if everything is done for you, the
risk is yours. You are dealing with only two buyers:
Ebay and Amazon, who control (and can change) the price. Complaints reported:
1. Profit margins falling to almost
nothing (standard in arbitrage opportunities). 2. Postal delays, books arrive late,
and Amazon has cut the price. 3. Long time to find opportunities.
I would add:
if anything went wrong, I am 8-10 time zones away, possibly asleep, and have few US contacts who can help in such operations. Finally, from the complainant:
‘I will be requesting a refund but they had some funky 365 day refund policy implying they weren’t going to refund anyone until they had tried the system for 365 days.’ I suggest that you fully understand how
such novel systems work before investing and know who is responsible for what.
Done-for-you does not guarantee that it
is risk-free and trouble-free. If you see Arbitrage and/or Risk-Free
Profits in a promotion, be skeptical, very skeptical! Review and understand products before
you buy them. You will be glad that you did.
Full article at:
My guest post on 3 top IM blogs: Scams and Limited Markets PLEASE SHARE IT! John Thornhill, Dave Nicholson and Michael Cheney: From yesterday, in case you missed it
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