Joe's Money

Everyday I am amazed at the prices I see online in comparison to their retail counterparts around town.  I’m convinced I’m never leaving the house again.

There are so many benefits of shopping online.  Chances are, you can save on sales tax.  As long as the site you are buying from does not have a physical presence in your home state, guess what, no tax!  In my home state, this saves me 7% on everything I buy online that would usually be taxed.  On top of the tax savings, the prices for most items are significantly cheaper than those in the stores.  Online dealers don’t have to pay a staff, don’t have to have a giant physical store to display their goods, and so on.  This makes it easier for them to keep prices low.

Some of the online merchants I ofter use are Amazon, Newegg, and often times even the websites of popular clothing stores.  Clothes aren’t taxed anyways so you don’t have to worry about them having a presence in your state.  The other day, I was able to pick up 2 t-shirts and a hooded sweat shirt for $29 shipped to my door.  The t-shirts were a whopping $6 each.  Have fun finding that locally.

The best advice I can give you is look around online first.  Live by the rule never pay retail!

Quick update on my experiment.  For those of you that are reading for the first time, the goal was to turn my $52 investment into at least $104 to double my money.

The product has arrived.  I have started to list the items for sale.  I have only listed these once so far.  I did get one response from the initial ad.  The buyer was looking to purchase more than one so maybe I can dump a few.  I will be starting to advertise these more aggressively shortly.

Stay tuned!  I will update as soon as I make my first sale.