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Worth it to broker iPod Minis overseas?
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Senior User
Join Date: Dec 2003
Status:
Offline
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People overseas have been paying over retail for the Mini since it launched in North America. With today's news of the mini's overseas launch being pushed back to July, it smacks of opportunity. Would it be worth it to purchase 10 or 20 Minis and sell them via ebay UK, DE, and AU? I've never exported merchandise before, but I can't imagine it's that tough considering the number of people that ship worldwide via ebay. I have enough cash on hand to buy a very steady stream of Minis.. the strength of the Euro and weakness of the dollar combined with high demand and no supply overseas seems to be a perfect combination of circumstances.. or is the hassle not even worth the margin?
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Posting Junkie
Join Date: Jun 2003
Location: Dangling something in the water… of the Arabian Sea
Status:
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Professional Poster
Join Date: May 2001
Location: Switzerland
Status:
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It would be *very* worth it.
iPod Minis are changing hand for �180-�200+ on eBay UK... That is $330-350+!
You could easily make nearly $100 on each one!
I imagine that prices will continue to be stable, or go up now people know they are not coming to the UK anytime soon...
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Senior User
Join Date: Aug 2002
Location: Oxford, England
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I'd be willing to pay �150 (~$281) if anyones interested
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Luke
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Posting Junkie
Join Date: Nov 2001
Location: Retired.
Status:
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I say go for it...however, would you be paying "retail" for the iPod mini's you would buy? Or can you get a discount somewhere to make the margin even greater?
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Senior User
Join Date: Dec 2003
Status:
Offline
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I can get them for under retail. It'll take a couple of weeks to get them, though. And my local Apple stores are out of stock.
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Posting Junkie
Join Date: Nov 2001
Location: Retired.
Status:
Offline
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Originally posted by fizzlemynizzle:
I can get them for under retail.
How much under?
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Addicted to MacNN
Join Date: Oct 2003
Location: Far above Cayuga's waters.
Status:
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what kind of duties would there be on this? anyone know? would this fall under "grey market"?
what are the legal challenges facing this? there must be something....
im done now.
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Senior User
Join Date: Dec 2003
Status:
Offline
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Originally posted by gorickey:
How much under?
10%
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Mac Elite
Join Date: Apr 2003
Location: The City Of Diamonds
Status:
Offline
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Originally posted by fizzlemynizzle:
10%
Do it, if you can get past customs without declaring them.
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Senior User
Join Date: Dec 2003
Status:
Offline
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I don't want the IRS, customs or the mob visiting me. It just seems like there's an opportunity here to make a good profit by leveraging supply/demand.. yet still not gouge people thanks to the favorable exchange rates. How often does that happen? But if there are customs/legal hassles then "meh".. I think I'll buy a couple of minis and see how it goes.
On another note, this would be an awesome social experiment:
If I buy them from Apple I can get them engraved. If I had all of them engraved with "I love George W. Bush" and they were the only minis available at a decent price in Europe.. what would happen?
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Grizzled Veteran
Join Date: Nov 2003
Status:
Offline
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It can be declared as a gift with 0 value and not be taxed.
I was sending copies of OSX to the UK before it was available there.
However I don't think it would put the extra "U" in all of the words.
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Professional Poster
Join Date: May 2001
Location: Switzerland
Status:
Offline
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Originally posted by d4nth3m4n:
what kind of duties would there be on this? anyone know? would this fall under "grey market"?
what are the legal challenges facing this? there must be something....
im done now.
Buyer has to pay 17.5% import duty unless it is marked as a gift... Seller pays nothing.
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Mac Elite
Join Date: Oct 2001
Location: Edinburgh
Status:
Offline
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Originally posted by fizzlemynizzle:
If I had all of them engraved with "I love George W. Bush" and they were the only minis available at a decent price in Europe.. what would happen?
Europeans would buy them because they understand sarcasm.
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