How to lose money selling on eBay

Selling things on eBay can be a nice side income. The premise is simple: buy low, sell high. EBay began as an auction-only site. Potential buyers bid against one another for an item, just like in a live auction. Five years later, in November 2000, eBay introduced its Buy It Now option. This allowed sellers … Read more

Pennies by the quarter-ton

Gresham’s Law now has small business backing. There’s a fair bit of activity on eBay buying and selling 95% copper cents, and the coin sorters to distinguish them from the newer zinc variety.  Why the interest, you might ask? It’s the copper content of the cents that’s interesting.  These high-copper cents, minted for part of … Read more

Stay far, far, far away from Swoopo

And if you bid on Swoopo.com, please stop.  Even if you’ve won an auction.  I can just about guarantee you’ll pay back every cent you saved on that one auction win, plus a lot more. Swoopo bills itself as an auction site, but the auctions are little more than giant, real-time, horribly-addicting raffles: one winner, … Read more

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