The IPOD craze is sweeping across the world. With millions of units sold, and millions more on order, it has become clear that there is allot of opportunity for an enterprising entrepreneur.

An IPOD is a portable music player than allows you to download music from a computer and play it where ever you are. You can now download and store hundreds of songs on an IPOD. Compare that storage power to your standard disc player that is limited to the number of songs on a compact disc.

You can capitalize on the growing popularity of the IPOD with these innovative strategies.

Strategy #1

Sell IPODs. You have two approaches you can take. Buy brand new IPODs from wholesale and overstock sources, then resell them at a decent profit. Or you can advertise that you are looking to buy used IPODs. People who are upgrading to a newer model, or have simply grown bored of it will be happy to sell you their IPOD for a fraction of what they paid for it. You can then sell the IPOD on eBay, at a flea market, or through a store front.

Strategy #2

You don’t have to sell IPODs to profit from their popularity. You can also make money by selling accessories to IPOD users. Contact manufacturers and wholesalers that provide IPOD accessories and set up an account with them. You should consider importing IPOD accessories since you can sometimes obtain them for pennies.

Then use your regular sales channels such as eBay, flea markets, and stores, to reach IPOD users.

Strategy #3

Launch a website geared towards the IPOD market. You can write articles on the latest developments, including song availability, new models, and new accessory sources. Once your site is set up take advantage of the affiliate opportunities available online. Many IPOD related sites will give you a commission for referring IPOD customers to them.

Donny Lowy runs http://www.closeoutexplosion.com an online wholesale and closeout business that supplies eBay sellers, retailers, and flea market vendors.

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