Show HN: Solid side income from market inefficiencies
flippiness.com
Show HN: Solid side income from market inefficiencies
1–10 of 16 posts
Re: Show HN: Solid side income from market inefficiencies
#2I happen to be the creator as well, so feel free to ask me any question you may have. Tech, business, traffic or anything.
Re: Show HN: Solid side income from market inefficiencies
#3What is to stop the this arbitrage being driven down to third world income levels by something like mechanical turk?
Re: Show HN: Solid side income from market inefficiencies
#4What is to stop the this arbitrage being driven down to third world income levels by something like mechanical turk?
I like how you think :).
You need to get the book shipped to your place first and then you need to ship it to the buying website. You will need to get involved at one point.
If you hire someone from US to do this, they will start flipping books themselves leaving you.
Re: Show HN: Solid side income from market inefficiencies
#5What is to stop the this arbitrage being driven down to third world income levels by something like mechanical turk?
I like how you think :). You need to get the book shipped to your place first and then you need to ship it to the buying website. You will need to get involved at one point. If you hire someone from US to do this, they will start flipping books themselves leaving you.
>You need to get the book shipped to your place first and then you need to ship it to the buying website.
Why not just have Site A ship to the end customer directly?
Re: Show HN: Solid side income from market inefficiencies
#6Earlier quoted context omitted.
I like how you think :). You need to get the book shipped to your place first and then you need to ship it to the buying website. You will need to get involved at one point. If you hire someone from US to do this, they will start flipping books themselves leaving you.
>You need to get the book shipped to your place first and then you need to ship it to the buying website. Why not just have Site A ship to the end customer directly?
You need to swap the labels. The buying site gives you a label to put on the box so that they can keep track of who sent what.
Also, some sites like chegg send Red Bull, Starbucks or even cosmetics in the box that you would want to keep.
Re: Show HN: Solid side income from market inefficiencies
#7why not just do this trade yourself and keep all the money?
Re: Show HN: Solid side income from market inefficiencies
#8why not just do this trade yourself and keep all the money?
This is a valid point. The reason is that there is a manual process of getting the book shipped and then shipping it. This cannot scale very well. I can may be trade 50 books a day but that is the upper limit. I don't want to invest too much time into something that can't scale. By opening it up to the world with a monthly membership, I can take a vacation and still make money from this.
Does that sound good enough?
Re: Show HN: Solid side income from market inefficiencies
#9How does this work for people living say in Sri Lanka (me)? What do I do with the shipping costs that would usually be astronomical? Or is this not feasible for someone living here? Or am I just not getting something?
Thanks :). Also, kudos on this. Seems like a pretty sweet idea if it takes off.
Re: Show HN: Solid side income from market inefficiencies
#10How does this work for people living say in Sri Lanka (me)? What do I do with the shipping costs that would usually be astronomical? Or is this not feasible for someone living here? Or am I just not getting something? Thanks :). Also, kudos on this. Seems like a pretty sweet idea if it takes off.
It is only for US residents at the moment. We are working on opening it to people in other countries soon.