Time Spent: 5 minutes
$ Made: $0
Main Focus:
Today’s Value (1 to 10): 1
Overall Value (1 to 10): 1
My Thoughts: Well, no new videos. Now THERE’S a surprise. Also wrapped up my two auction arbitrage tests. Followed Shoemoney’s suggestions, but neither sold. Total cost of all my auction tests (a total of 6)? Less than $10, so I can’t complain.
This time I tried a couple of video sets on sale at Amazon.com. You can check out the specific products on Amazon by clicking on the links if you’re curious.
True Blood: The Complete Second Season (HBO Series)
If they had sold for my starting bid price, I would have cleared just over $10 on each set after eBay and Paypal fees. Not great money, but still decent, especially if you could get a system down and put up 20 to 30 of these a week. If you had everything dialed in, you should easily be able to do 20 of them in under an hour. Wait for the auctions to run their course, then throw up another set 3 days later. You could easily be doing $150 to $200 every 4 to 5 days without even trying very hard.
I still believe in the whole arbitrage concept, I just haven’t found the right items yet. The one thing the Shoemoney System videos didn’t do well was providing tips for where to find items. A little more training in that area would be very beneficial. And yet, it’s so simple and inexpensive to try, that a little trial and error will likely net you all the experience you need.
I’ll keep trying this until I figure out the right product categories this works for.
If you want to check out the Shoemoney System, you can see it here: Shoemoney System. They’ve got a 60 day Money Back Guarantee, so it’s literally no risk.
30 Day Project Disclosure: I’m a paying member of the Shoemoney System, just like everyone else. I’m not being compensated in any way for my review, nor do I have access to any special resources or techniques on the Shoemoney System. I am an affiliate of the Shoemoney System and make a commission if anyone clicks the links on Blueverse.com to sign up. The thoughts, results and reviews are my own.
May 13th, 2010 at 11:30 pm
It seems that the eBay arbitrage is the only valuable thing you've gotten out of SS and sadly, the information is not complete. I am starting to get really interested in this eBay arbitrage concept.
May 14th, 2010 at 4:08 am
Although I'minterested in the possibility to try this program, I don't want to waste my time for these scammers. To my mind you've come across simple Internet swindlers.
May 14th, 2010 at 5:28 am
This is not really doing well in terms of a review eh? I mean its been 29 days and yet no $$? Is this how it is supposed to be?
May 14th, 2010 at 12:04 pm
Yes I guess the ebay arbitrage is the only glimmer of hope from the first month of Shoemoney videos. Ryan, didn't you say you had already seen that video in a preview for the system anyway?
It does sound like arbitrage has some potential if you know what you're doing. I guess Shoemoney doesn't give a damn if you know what you're doing. As long as he has lots of people paying $200/month he's happy.
I would think the trick to arbitrage is finding the best products to use and using multiple auction networks to get lower initial pricing. It would probably also help to do a bit of promotion for each auction. Maybe pay some freelancer to post about the auctions in various forums.
May 14th, 2010 at 8:36 pm
I think I did, but I watch so many videos, I'm not 100% sure. I've seen probably half a dozen promo videos from Shoe over the past months.
May 19th, 2010 at 12:46 am
But I love to watch videos.. anyways I'm glad you've made it.
May 27th, 2010 at 4:52 am
There is hope in the ebay arbitrage. Here is the thing about all the ebooks out there, they give you just enough to start out and not much else. They get an idea in your head, and if you can figure it out, great! Keep in mind that most of the guys writing these have been in the business for a long time and "their" system is comprised of many different angles. I think they only include a certain amount of information to keep you coming back. The rules and how things work on the internet can change as fast as lightning. I find its good to get info but you need a mentor of some type to help you work threw it all and understand it completely.
June 19th, 2010 at 1:02 am
Thanks for the info…this blog has never let me down..and by the way, i love your theme. Catch your next post..Bye
July 7th, 2010 at 3:59 am
Yes, how is it possible that no $$ at last moment? Is it like wasting time no these type of things and no output from the work done.
July 9th, 2010 at 6:32 pm
I’m not sure.
But I think we can try
July 15th, 2010 at 7:22 am
So was it a complete waste of time then? I don't get it.