How to Profit on Banana Republic’s Clothing Sale
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Attention fellow Penny Hoarders: BananaRepublic.com is having a sale. I smell resell potential…. 🙂
Many of you know that one of my favorite ways to make cash is to shop the sales and then resell the items on Ebay or Craigslist at a profit. I sniffed out just such a deal today on BananaRepublic.com.
BananaRepublic.com has a SALE section that allows you to browse for clothing items that they have put on sale. I stumbled upon a 20% coupon for Banana Republic (use promotion code: BRSALE20) that starts to make their sale items worth purchasing for resale on Ebay. You have to be careful when purchasing new items to resale because not everything is going to fetch you top dollar.
Remember: Ebay buyers are expecting to get a deal that is below retail value. It's important to use Ebay's completed item search to check out what that particular product has been selling for the past few days.
Once you find a product that is selling on Ebay near or above the price as they are selling on Banana Republic, you might have a product worthy of resale. Here is one such deal I did this week:
Banana Republic has Women's white flared jeans on sale for $19.97. Two of those pair of jeans have sold on Ebay in the past week for an average selling price of $32. Bingo!
Here's how the math will breakdown if I were to purchase 3 pairs of jeans: