Slow: eBay Transaction in Process...

So I've sold the iPhone after two failed auctions.

I would get through an entire an auction and then the winner would tell me they're from like Russia! 

Anyway now I've sold it! 

But I'm learning even that's a slow process.

In this case I have to wait until the Phone gets to New Jersey. 

Then, eBay is saying I won't get my money till April 9th!

Then I have to transfer it to my bank account, which will take another 2-3 days! 

Hmmm I'm gonna have to reconsider this eBay thing. 

I need something with a quicker turn around.

Revived!

After a month of sitting on a risky purchase that didn't work out I'm finally back!

I just bought an iPhone 4 for $250.

I'm trying something that has worked for me in the past.

I buy on Craigslist then sell on eBay.

It appears that buyers on eBay are willing to pay more for high end electronic smartphones than people are selling locally through craigslist.

Let's see how this works.

eBay Complete!

I have officially sold my first item on eBay! 

Bought the original iPhone for: $25 

Sold it for: $75

Total profit: 200%

Good stuff! 

An eBay First

I just used eBay for the first time yesterday! 

Two days ago I posted my first ever auction on eBay to sell an original iPhone 2g. 

My mom sold me her old iPhone 2g for $25. 

I put it on eBay starting the auction at $50.

eBay also has a "Buy It Now" function where you can set a price that the purchaser can get the item right away without dealing with the auction. 

I set the Buy It Now price at $75. 

I woke up the next morning and it was sold for $75 plus the $10 I put for shipping. 

I mailed it yesterday to the buyer and we will see how everything turns out. 

Once I know for sure that everything went through I will re-post to let you know the profit.