eBay Interest Free Loan
How about an interest-free loan for 6 months from your friends at eBay and
PayPal?
If you qualify for PayPal Buyer Credit (hurry, it expires 12/31/06), you can pay no interest and make no payments for 6 months if you spend $500 or more on a transaction. For
transactions from $50 to $499, the term is 3 months.
eBay clearly intends this to be a holiday shopping promotion but there is no
rule that says you can’t use it to bootstrap yourself into a nice little
profit-making sideline. Here’s an idea how you might do it:
Remember we talked about scrap metal a few weeks back? Many of these eBay
precious metal lots contain jewelry that can be repaired or even fashioned into
new items. You can get just about everything you need to fix gold and silver
jewelry right there on eBay, plus packing materials and labels. Instant
business. Roll your profits over and now that you have real cash money, you
can source merchandise from outside of eBay too. Just keep growing and keep
going.
Even simpler: Use this promotion to buy commodity items on eBay. By
commodity, I mean items that keep their value. Hold for a few weeks and sell
on eBay in January when traditionally sales are brisk. Sure, you’ll pay eBay
and PayPal fees, but now you have cash and as in the above example, you can
source stuff from anywhere. When you pay off the loan in late May, the pile of
cash that’s left over is all yours. Pretty good for starting with zero!
I’m just scratching the surface here. I’ll bet there’s a clever lad or lassie
out there who can make this promotion sit up and beg for them.
fLufF
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Read more here:
eBay Interest Free Loan
