Is it illegal to sell resell items for more than you purchased it for?? i bought a elmo tmx at the original price and posted it online for more money i've had an offer but i'm affraid i could get in trouble ??can i?
2006-12-05 09:57:17 · 35 answers · asked by ♥MIMI♥ 2 in Business & Finance ➔ Other - Business & Finance
no, that's called making profit, businesess do it all the time
2006-12-05 09:58:40 · answer #1 · answered by altmetal4christ 3 · 0⤊ 0⤋
Comrade.., we are livink in Amerika. Land of Capitalism, unt we can sell a five dollar stick for one-tousand unt two hundreed doolars if we want too and can finding someone to actually buy et.
We pay more than what things are worth all the time. The only time when it should be a crime to sell for outrageous amounts over cost is when lives depend on it (life saving drugs, oxygen, breathing apparatuses, Smallville Season 1,2,3 and 4 DVD sets.., etc).
He who as sold for the actual value of an item or less and does this for a living -let him cast the first stone! I just happen to have a nice little stone for sell... $12.95 or best offer.
;-)
2006-12-07 05:50:48 · answer #2 · answered by Victor ious 6 · 0⤊ 0⤋
No way is that illegal-that's how businesses make money. A bunch of people went and bought the new playstation 3 and paid a few hundred dollars for it. Now they're reselling them for thousands of dollars on ebay. Illegal? I think not!!!
2006-12-05 10:06:17 · answer #3 · answered by markmisslindsay 2 · 0⤊ 0⤋
Go ahead, nothing wrong with making a profit. The store did when they sold it to you. If you can sell it for more, then the store is not charging the market price and leaving money on the table. Shame on them. It's kind of a form of arbitrage.
2006-12-05 10:04:08 · answer #4 · answered by hackey24599 2 · 0⤊ 0⤋
Of course you can re-sell it. If you do it a lot, you should be prepared to declare the gain as income on your taxes; if it is one item, just go ahead and sell it.
"illegal to sell resell items for more than you purchased it for?"
This is how businesses stay functioning!
2006-12-05 09:59:40 · answer #5 · answered by kingstubborn 6 · 0⤊ 0⤋
I sold my Tickle Me Elmo TMX on EBAY for $224.00 the 1st day it came out!
If someone wants to pay your price it's all good my friend!
2006-12-05 10:01:15 · answer #6 · answered by Jen G 3 · 0⤊ 0⤋
Hell no woman. How do you think E-bay works. Besides buying and selling at more money than paid for is what all the other large corperational stores do. How do you think they make a profit?
2006-12-05 10:01:45 · answer #7 · answered by dan p 2 · 0⤊ 0⤋
No Business is conducted for making more money (profit),read the manufacturers privacy policy first.If you violate the Trademark than you will be in trouble if they come to know.Be careful while trading on line.Some fake peoples can ruin your business too.
2006-12-05 10:09:23 · answer #8 · answered by Ciiemen p 2 · 0⤊ 0⤋
If the item is legal, sure. Just because you bought it on eBay doesn't make it legal. As for selling it for more money, it's up to the market.
2016-05-22 22:16:26 · answer #9 · answered by Anonymous · 0⤊ 0⤋
NO, as long as you are not selling an item that ca be conceived as a necessity in the time of a "disaster" (price gouging). If its a "luxury" item then there are no restriction.
2006-12-05 10:00:01 · answer #10 · answered by brett.brown 3 · 0⤊ 0⤋
absolutely not- its profit- plain and simple. for example there is the playstation 3 which came out for 5 or 6 hundred but not enough machines put out- tons of people sold them on ebay for at least 1000
2006-12-05 09:59:39 · answer #11 · answered by cassiepiehoney 6 · 0⤊ 0⤋