Shoemoney System Review & Overview

Monday 22nd February, 2010

Wow! This is the end of Week Four of the Shoemoney System and I’m already in front, money wise — and without a huge amount of effort I should add. I have worked at it though. Not as much as I’d like (and as I intend to do over the coming months), but it’s a good start at least.

Like the video that I wrote about the other day, this is a continuation. The last video talked about listing an item on eBay, whereas this one talks about buying an item from eBay.

Once again it’s very straightforward, with not a lot of revelations that I didn’t already know about. It’s just a good step-by-step approach to buying items on eBay, what to look for in regards to seller feedback, understanding the postage costs, how exactly to bid on the item (though, in this case it was a “Buy It Now” item, how to go through the process of paying for it etc. Fairly low-key stuff, but stuff you need to know nonetheless. And, of course, a good resource for someone starting out.

Because the past two videos are about arbitrage on eBay, I will report that Jamie was able to make a little over $100 U.S. profit from just the one transaction. I won’t give details, but if you’re in the U.S. it’s gonna benefit you greatly by following the process set out in these videos. It’s just a shame I’m not based in the U.S. — but I will think up ways of getting around that problem, I’m sure.

Until tomorrow…