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Sony PS3: Get your hands on the hottest Christmas toy of ‘06

Predicted by Jim Cockrum – Silent Sales Machine Hiding on eBay

I’m as certain as I can be that the soon to be released Sony PS3 gaming system will be a VERY hot item to sell on eBay between now and Christmas. I’m predicting it will be THE hot item of this holiday season. You heard it here first…
In the U.S. I expect overnight lines at nearly all Best Buy, Target, Walmart etc. As evidence consider that the PS3 systems sold out in hours in Japan when they were released a few days ago.

The Japanese version of the PS3 is selling for $1200+ on eBay already. The prices keep going up.

Want to get your hands on one?

It’s likely you’ll have to stand in line VERY early at a large retailer to have a shot. It will be hard to justify keeping it if you do get your hands on one though.
With millions of die-hard PS2 fans in the U.S. alone it’s likely that the hundreds of thousands of units rumored to be shipping here will sell out quickly and will then in turn sell VERY WELL on eBay.

Why the shortage?

In mid-Sept Sony cut its PS3 shipment forecast to 2 million worldwide units down from 4 million units due to a shortage in a key machine component. Recent reports indicate that Sony may not even achieve its lowered shipment forecast in time for launch.

No one is sure how many units are going to be shipped, but when I do the math it sounds like not very many per store. Some are saying as few as 3 per store, but that’s obviously a worst case scenario.

My prediction:

ALL PS3 UNITS WILL SELL OUT ON THE DAY THEY ARE RELEASED. The only question is will you have to spend the night camping out to get them or not. I have no intention of camping, but I’d be interested in swinging by Best Buy around 9AM or so if they still have some!

I expect to see PS3’s on eBay selling for 3 to 5 times retail price.

My advice for getting your hands on one:

Being there when the doors open will likely be too late. Be early.

Monitor news reports by going to yahoo.com or google.com and search for “buy a ps3″ and click on “news”. There is still a chance someone might sell pre-sale units online.

If you do get your hands on one (try to get two!) and you want to make a “clean” sale with as much profit as possible on eBay I suggest you note the following
precautions and tips:

-Make sure you take an original picture and make sure that your picture of the unit contains proof of possession. Do this by hanging a sign in the frame that
contain your eBay ID as proof for potential bidders. A simple handwritten sign is best.

- If you are new to eBay allow someone with at least 50 or so feedbacks to sell it for you so you can maximize bidding activity. Experienced sellers earn far more per sale and attract far more bids because of their credibility.

-In the past hot items like this quickly cool off. You aren’t likely to regret putting the unit up for sale immediately on a 3 day auction. Don’t wait a week to sell it and don’t make it a 10 day auction. On an item this hot there is no need to run an extended auction.

Disclaimer:
I could be wrong. The PS3 hype could just be hype, but it sure feels like demand is WAY stronger than supply on this one.

You can learn more from eBay expert Jim Cockrum or find out what the hot selling eBay items are.

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