{"id":12,"date":"2015-09-07T13:21:44","date_gmt":"2015-09-07T13:21:44","guid":{"rendered":"http:\/\/milespointsreselling.com\/?p=12"},"modified":"2016-02-14T08:32:20","modified_gmt":"2016-02-14T16:32:20","slug":"adventures-in-reselling-taking-my-first-steps","status":"publish","type":"post","link":"http:\/\/first2board.com\/milespointsreselling\/2015\/09\/07\/adventures-in-reselling-taking-my-first-steps\/","title":{"rendered":"Adventures in Reselling: Taking My First Steps"},"content":{"rendered":"

Note: \u00a0For my first series of posts I thought I would bring over all the reselling posts I made over on Portlandtraveltips.<\/em><\/p>\n

I want to get into the reselling business because I think it will be a great way to earn frequent flier miles and pocket a little cash on the side. \u00a0For the uninitiated, the gist of how you earn miles and points by reselling is that you buy a product using your miles earning credit card. \u00a0You buy low and sell high. After you sell the product you pay off your card and pocket the profit. \u00a0When you couple this strategy with meeting minimum spend requirements on a new card it can be a great way to earn miles and some cash. \u00a0<\/p>\n

Once I decided to take a crack at reselling I did a lot of research online. \u00a0I found a pretty helpful reselling guide<\/a> that does a good job of spelling out the basics over at frugalhack.me<\/a>. \u00a0The guide does a pretty good job of explaining the basics as far as looking for deals, where to buy, and how to resell.<\/p>\n

As I am a rookie reseller, my strategy will continue to evolve. However, thus far my strategy is to watch\u00a0slick deals<\/a> and look for a good deal I think I can take advantage of. Finally yesterday, a deal came up that I thought was a good one to get started with. \u00a0It looks like Best Buy has a pricing mistake on their Sony Bluetooth Noise Canceling Headphones. \u00a0A price mistake sounds like a good resell opportunity to me. I also combined the purchase with 3 different cashback mechanisms. \u00a0The first was that I bought the headphones through a shopping portal. \u00a0I used Upromise which was 1% cashback. \u00a0Next, I signed up for Best Buy Rewards which gave me 2% cashback. \u00a0Finally, I used my arrival card to earn another 2% cashback.<\/p>\n

The final tally looked like this:<\/p>\n

My First Purchase: \u00a0Sony Bluetooth Noise Canceling Headphones<\/a><\/p>\n