Quote:
|
Originally Posted by Jonathan Hood
For those who want to see the math of this, my average rebate takes 11 minutes to fill out and cash, and is for $40. My envelopes and pens were free after rebate, so their cost is negligible. For this $40 rebate, I use a 2% cash-back credit card to purchase the item ($0.80 profit) and receive anywhere from 0-5% using FatCash from Fatwallet or a similar service. Stamp price is $0.45. Then, I turn around and sell the item on ebay for an average profit of $11.91 after shipping and taxes per item.
In all, I average about $12 of profit for every 11 minutes of work on rebates, but there are not always mail-in rebates to do. I also am not including the time it wrote for me to write a script to keep up with the rebates or find them to begin with.
Read more: http://www.businessinsider.com/a-gen...#ixzz28emf6u5e |
He's also not including the time spent on eBay, which appears to be where he is actually making the profit. The rebates themselves are (except for occasional bonuses where, for example, they rebate the MSRP on a sale item) just getting back cash already spent.