Shoemoney System Review & Overview

Thursday 18th February, 2010

In this video, Jeremy explains to Jamie a little bit about eBay and its beginnings. Jamie does know a little bit about eBay so she, at least, knows that it’s an online auction site — even if she’s never actually used it herself.

Now I have to add that I don’t want to necessarily say anything bad about Jamie as she seems like a sweet girl but, sometimes, she’s a little bit “grating” on the ears because she just seems a little too clueless at times. Then again, as I’ve explained in earlier posts, I have done quite a bit of buying and selling on eBay — along with affiliate marketing through their eBay Partner Network — so to have a complete noob such as Jamie would probably be a good thing for the noobs starting out with the Shoemoney System. And, so far, the System is geared towards complete noobies (but I expect it will start to pick up quite dramatically from this time on).

But I digress. Jeremy has had quite a bit to do with eBay over the years, with buying and selling products and affiliate marketing. In fact he even based his own “AuctionAds” affiliate program on the model (but of course it had a few really cool things that eBay never has had), and then sold the network for a tidy little sum.

As with many of the introductory videos, Jeremy takes us through the process of signing up for a normal buying and selling account. Once again it’s step-by-step and very easy for someone who’s just starting out to go through. This video is a little different in that a bit of editing has been done which results in Jeremy talking to us directly through the camera, rather than actually going through it step-by-step with Jamie.

I won’t describe the process here as it’s pretty straightforward. plus there’s probably a TON of similar videos on YouTube and other sites, though I’ve not actually looked.

Once that’s done it’s back to Jeremy and Jamie. Jeremy explains the different aspects of selling on eBay, such as “Buy It Now”, running auctions and setting reserve prices. Apparently Jeremy does a lot of his own buying through “Buy It Now”s because he doesn’t really want to be bothered with waiting around and bidding on stuff — plus he has the money of course. Personally I would like to get to the stage that, if I ever want something on eBay, I can just throw down a huge bid and basically blow everyone else out of the water. I think that would be cool to do, but you need the cash of course!

They guys search through some of the listings on eBay to find the market difference between the exact same items for sale in the U.S. and Canada. Buying from one market and selling in another for a higher price (known as arbitrage) is one way to generate online income — but you really need to do your research and know what you’re doing or else you could wind up in all sorts of trouble.

I also noticed that the next two videos will probably cover just exactly how to do this, but they’re greyed out in my dashboard and “coming soon”, so I don’t know for certain. If that’s the case then I’m not sure if I will say too much more about it here on the blog, as I would consider this as giving away a bit too much information. I can say though that video was a pretty entertaining introduction to using eBay for arbitrage, and to stay tuned for the next report.

Until next time…