Asymmetric bets & flipping high ticket items for profit with Shannon Jean. Part 1 of 2. Ep. #038
The Koerner Office - Business Ideas and Small Business Deep Dives with Entrepreneurs
Importance of Location in Auction Sites
The location plays a crucial role in online auction sites. Asymmetric supply and demand inefficiencies exist in every city in America, affecting the profitability of buying items for resale. For instance, buying cell phones on GovDeals.com with shipping options may not be profitable due to intense competition, while purchasing less 'sexy' items like FEMA trailers from GSAauctions.com can offer incredible deals and profitability due to less competition and higher demand in certain locations.
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