Wednesday, May 11, 2016

I bought Ink but can't give it away, now what?

I have had good luck selling ink on eBay.  New and out of date sell very well, but not all.  Cannon, HP and Dell have all sold super fast after listing.  Researching before you buy is a must.  Check the eBay sold listings on your eBay app.  Factor in the cost vs what they sold for to make a rough calculation of profit.  My personal preference is a 'turn or burn' sales model.  Here are some examples of what I have sold:
  • Cannon PG240, my cost $2.69 sold for $16.99 for a profit after fees of $11.64
  • HP 15, my cost $0.25 sold for $4.01 for a profit after fees of $3.08
  • Dell series 9 black, my cost $1.05 sold for $7.99 for a profit after fees of $5.28
  • Dell series 9 color, my cost $1.05 sold for $7.99 for a profit after fees of $5.28
Just a few examples.  Most are not super home runs but they are profit.  Don't be scared off from inks with expiration dates.  Those are really not expiration dates but warranty dates.  HP will warranty the ink to work until that date.  It does not mean it will not work past that date.  8-10 year old sealed inks will still work and do sell.

So what happens when you pick up some that don't sell.  Here is what I do.  Unfortunately I picked up some third party Cannon inks along with some refills.  I can't give these things away.  Fortunately I only paid 9.99 for the bundle of 21 inks.  If you have an Office Max you can turn them in for $2 a piece credit up to 10 a month.  So that is where these are going. 



Lesson learned.
  1. Don't buy second party ink if you don't research it first.  If you don't see it selling don't touch it.
  2. Remember research all inks.  Just because it is an HP does not mean people are buying it.

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