Published on July 26th, 2014 | by Tom Wake3
The Couch Potato Millionaire Review
Sound Idea. Tricky to Realise
Review by Derek Kemp
Here’s the nut-shell premise behind the Couch Potato Millionaire report – which will apparently help you ‘turn £1 into £1,000 every single day’…
First, pop down your local high street; then identify certain types of specific product that you can buy at a discounted cost, list those products on eBay for a higher price, get some customers, buy said product and package it all up.
As you will see already, this involves a lot more than sitting on your bum watching the latest season marathons on Netflix. Harry Considine and the unnamed ‘Geeky Kid’ are the authors behind the Couch Potato Millionaire, published by Streetwise Publications Ltd.
It’s a blueprint which shows you in a step-by-step manner how you can basically flip certain products on eBay for profit, without even buying the product first. It costs £67 and there’s a 30-day money-back guarantee (which Streetwise are good at honouring – providing you send the hard-copy report back to them within that 30-day timeframe).
The guide shows you which type of products this works for (it’s low-cost, low-value stuff that sells in discount stores such as Poundland and B&M), where and how to market them to a specific customer base, and what to do once you start making sales.
How does it work?
This method of selling is all about using price differences to make a profit. You locate a cheaply available product on the high street, list it for more on eBay, sell it, buy the product and post it.
Let’s take the example of Haribo sweets.
You can buy a large packet from Poundland for a pound, and sell that same packet for £1.50 to £2.50 on eBay. Of course, it doesn’t have to be Haribo – this applies to a whole gamut of products, from hair products to toys.
Regardless of the product, there’s inevitably a bit more work involved here than simply sitting in front of the tele enjoying ‘The Cube’, in your pants. It’s a simple business opportunity really, but you do have to put the work in. And despite what it says in the promo you will find competition unless you manage to locate something super niche.
The other risk is if you find yourself making sales when you haven’t actually got the products in stock and ready to be shipped. If you can’t honour your side of the sale you run the risk of negative feedback. The manual itself is pretty well written, it gives working examples, and you’ll have no problem understanding the premise – I’m just not quite convinced it’s worth the £67 price tag. They maintain that this method is ‘more lucrative than selling drugs’ and, as mentioned above, you can supposedly make up to £1,000 profit per day for only a few hours work.
Here’s why this one didn’t leave me champing at the bit…
The problem is, to achieve these kinds of profits, you’d have to be selling around about 1,000 products a day – which isn’t beyond the realms of impossibility, but it’ll take some doing. Then who’s going to package and process all those sales? Not to mention the inevitable flood of queries and refunds and the like you’ll have to deal with when you potentially sell 7,000 products a week.
And then there’s all the time taken to list the products on eBay in the first place.
When are you going to ever see the TV again!?
This is volume-based selling, which is a sound method of money-making, but instead of flipping low-value products found on the High Street, for my money you’d be better off finding higher value niche products sourced from wholesalers.
When it comes to rating the Couch Potato Millionaire report, I’m veering towards a ‘not recommended’ – it’s a bit too fly-by-the-seats-of-your-pants in its approach for you to ever really make the kind of money they’re talking about.