Motherlode of Brand-New Items at Used Prices

One of the best sources for good deals is when someone is given a gift that they don't want.

An example is when a Christmas party at work has a prize that you win, an Iphone, and you and your spouse already have one. You “want” the gift in general, but you don't need it so you want the money instead.

How can you benefit from this dynamic circumstance?

Well, people with these extra items post them for sale on classified ad sites. The data source used for this analysis is taken from the http://www.nearbyitems.com website:

8,027 have the word “Christmas” in them, but this can be from ads that are indicating that they make good Christmas gifts. So to weed those out, use different combinations of terms.

2,368 have the phrase "for Christmas", as in “I got this for Christmas but I don't need it”.

The reasons given are:
419 gift from work,
60 already had one
32 gift from father/mother/buddy/brother/sister/friend
18 can't return it
17 replaced old one

When people post these items for sale, they pick a price about 10-20% below the brand-new cost. But they are willing to take MUCH less. If you are a buyer, try offering just below half the new cost, and be willing to negotiate up to just over half. High demand items may have to be closer to the new price.

If you are looking for good deals of new items at used prices, check the classified ad websites after the holidays and ...

Happy Posting.