New(ish) FBA Seller sells over 1100 books in one month!

Jessica listed all these books one weekend!

Jessica listed all these books one weekend!

 

YEAH!  We had a FANTASTIC month selling used books on Amazon FBA!

We have been building our book inventory on Amazon for a little over a year and learning as it grew.  Books brought in some money from the beginning, but using the model  we are using, we knew we wouldn’t really start to bring in book money until our inventory grew.  We hired a few “book scouts” to go out and bring us books and tried to make it to as many sales and shops as we could in our town.

We had some early success and spent some time mastering our processes, but life happened and books seriously took the back burner while we dealt with many other issues, professional and personal.

Then August came along—our book numbers jumped, our profits soared and all of a sudden books became very interesting!

DATE Ordered $ Sold Avg. Price
July, 2015 18 $424.00 $23.55
Aug, 2015 54 $1,081.00 $20.02
Sep, 2015 117 $1,827.00 $15.62
Oct, 2015 128 $1,974.17 $15.42
Nov, 2015 253 $3,849.00 $15.21
Dec, 2015 284 $4,234.00 $14.91
Jan, 2016 389 $6,215.00 $15.98
Feb, 2016 404 $6,142.00 $15.20
Mar, 2016 378 $5,550.00 $14.68
Apr, 2016 196 $2,809.00 $14.33
May, 2016 287 $4,134.00 $14.41
June, 2016 313 $4,821.00 $15.40
July, 2016 333 $5,703.00 $17.13
Aug, 2016 1106 $16,220.00 $14.67

 

Why though?  Books had been relatively flat in sales and income for seven months.

We guessed at first that part of the reason was the season—books sell best August through January.  That could account for some of the jump.  Then we guessed we sent in a much higher number of books in June and July and our inventory was higher.  So, we went looking for data.

What we found out at first was that yes, August is one of the top months of the year (if not the top) for selling used books.  This didn’t quite explain the huge jump though.  And when we pulled up my inventory numbers from the past year there wasn’t the large jump in book inventory we expected.

DATE Ordered $ Sold Avg. Price   Inventory Turn
July, 2015 18 $424.00 $23.55 46 39.13%
Aug, 2015 54 $1,081.00 $20.02 178 30.34%
Sep, 2015 117 $1,827.00 $15.62 297 39.39%
Oct, 2015 128 $1,974.17 $15.42 666 19.22%
Nov, 2015 253 $3,849.00 $15.21 1345 18.81%
Dec, 2015 284 $4,234.00 $14.91 1708 16.63%
Jan, 2016 389 $6,215.00 $15.98 1665 23.36%
Feb, 2016 404 $6,142.00 $15.20 2726 14.82%
Mar, 2016 378 $5,550.00 $14.68 3849 9.82%
Apr, 2016 196 $2,809.00 $14.33 3844 5.10%
May, 2016 287 $4,134.00 $14.41 3585 8.01%
June, 2016 313 $4,821.00 $15.40 4832 6.48%
July, 2016 333 $5,703.00 $17.13 5560 5.99%
Aug, 2016 1106 $16,220.00 $14.67 6019 18.38%

 

Okay, this was even more of a mystery!  Why was our inventory turn SO MUCH better during the beginning and end of the measured months?  I love a good mystery and knew there had to be a logical reason….then it hit me!

We started out using a repricer and used it for several months.   A repricer is a program you can buy that automatically reprices  your Amazon inventory based on the parameters you set and the prices of other sellers.  Most large sellers on Amazon use repricers.  Repricers are a bit tricky within the used book category due to the number of offers on each particular book  and the amount of data they consider when repricing.  However, if you are selling books in bulk (I would say anything over 1500 books,) it is almost impossible to keep your books priced competitively without a repricer.

We use RepriceIt and I will write about my experience with that software very soon.   We turned it off when we thought it was underpricing some of our books, our Virtual Assistant oversaw a limited version for a couple of months and then we turned it back on full force in August.  Hmmm.

DATE Ordered $ Sold Avg. Price   Inventory Turn Reprice
July, 2015 18 $424.00 $23.55 46 39.13% YES
Aug, 2015 54 $1,081.00 $20.02 178 30.34% YES
Sep, 2015 117 $1,827.00 $15.62 297 39.39% YES
Oct, 2015 128 $1,974.17 $15.42 666 19.22% NO
Nov, 2015 253 $3,849.00 $15.21 1345 18.81% YES
Dec, 2015 284 $4,234.00 $14.91 1708 16.63% YES
Jan, 2016 389 $6,215.00 $15.98 1665 23.36% YES
Feb, 2016 404 $6,142.00 $15.20 2726 14.82% NO
Mar, 2016 378 $5,550.00 $14.68 3849 9.82% NO
Apr, 2016 196 $2,809.00 $14.33 3844 5.10% NO
May, 2016 287 $4,134.00 $14.41 3585 8.01% YES-outsourced
June, 2016 313 $4,821.00 $15.40 4832 6.48% YES-outsourced
July, 2016 333 $5,703.00 $17.13 5560 5.99% YES-outsourced
Aug, 2016 1106 $16,220.00 $14.67 6019 18.38% YES-not outsourced

LOOK AT THE DIFFERENCE WITH A REPRICER!  Look at the difference with just letting the repricer run (without outsourcing the oversight of the repricer.)

We thought, during May, June and July, that we had the best of both worlds.  A repricer that was overseen by a human, my VA.  In hindsight, we spent only about one hour training her and rarely reviewed her work.  I imagine, if I were to go back to her work, I would find her to be extremely conservative with pricing.   This is not her fault, at all, but the fault of an over-extended entrepreneur not watching numbers or the work of her assistants.

Right now, we are running the repricer daily and not worrying about an occasional undersold book.  Inventory turn is very important and we are going to focus on acquiring books that we can sell for a profit and turning the inventory relatively quickly.

I LOVE selling books on Amazon and I love talking about book selling.  Please email me if you have any questions or wish to discuss the crazy world of Amazon.

Share

Your opportunity is NOW!

do-something-today-that-your-future-self-will-thank-you-for

In case you haven’t noticed, our world is changing at lightening speed. You hold more computing power and more data in the palm of your hand (even if your phone is years old) than the President of the United States had in the Oval Office just 15 years ago.

There is no reason, no excuse in the world, for you not to be earning extra money online!

The fact that you are reading this means you are online right now.  Almost everyone in our country has access to the internet in 2015.  Furthermore, the internet is getting more globally accessible every single day. 250 million additional people will get online this year.   You read that right, 250 MILLION people!  Can you imagine the impact? The additional markets? The additional ideas and potential customers?

With all these newcomers, and with us Americans getting very used to buying online, internet shopping has increased steadily every single year for the last decade.Online Sales Increase

When will you join the thousands of entrepreneurs who make money online?

It isn’t expensive to start. If you are reading this on your own computer, you already own everything you need.

If you are intimidated by the mechanics of how to get online and figure out Amazon or eBay, the information is right on that computer and it is FREE.  Just google “how to sell on eBay” or “how to start an Amazon business,” and you will find a lifetime of information.  It won’t take you a lifetime, though, to learn.  A few hours of reading or watching videos and you are out the door running.

What to sell?  Well, believe it or not, that part is easy.  Sell what people are looking for.  And, guess what, people are looking for, and buying, just about EVERYTHING online.  If you want to hit the ground running AND have decent margins, sell what they are looking for that is a bit harder to find.  I don’t mean crazy hard to find, just think about things you can dig up that are a bit rare or more unusual than typical stuff.  Go hunting for used books, sell your locally made food, sell unique items from regional or local stores.  Anything you can find that you have to search out a bit will work.

If you don’t want to sell physical products, make a digital book about something you know how to do.  It could be knitting, or sewing, or repairing toilets, or writing a resume.  Anything that you have “how to” experience with.  Are you completely lacking in a hobby or skill (and I doubt that you are), then do an interview with your brother-in-law or your neighbor and write a digital “How-To” book on how to do what they do.  These books sell like mad!  People looking to acquire a new skill want to learn from everyday people who have that skill.

This is it folks, the time is RIGHT NOW!  With all the computing power and information that you possess right at your fingertips, there are absolutely NO EXCUSES that you aren’t pulling in some extra dollars online.

If you still have an excuse, I’d love to hear it (and try to diffuse it!) because I cannot imagine an excuse that holds up.

Well, what are you waiting for?  Start today and change your life.  Your future is calling….

 

 

Share

How To Source 250 Books in One Week

booksale1This is my fourth month into book selling FBA on Amazon and I am starting to get serious about finding inventory!  I am a bit hooked on the email that is familiar to FBA sellers that starts out with “Amazon has shipped an item you sold.” As a matter of fact, I check my email every couple of hours and that is the message I scan it for.  I LOVE making money while I’m sleeping, driving, eating, watching my daughter’s soccer game, etc.  I sold three books during the MSU vs. UofM football game last night!  As happy as I was with my team winning, I was honestly happier that I sold three books while I watched a football game.

In sourcing books (or anything else I imagine) it is easy to fall into a rut or to think you are sourcing all the possible inventory in a town or area.  I think I entered that rut a couple of weeks ago.  I started to write off my local Goodwill as “tapped out” or “cherry picked” because I hadn’t come away with much in the most recent visits.  I couldn’t seem to find great local library sales and made excuses about driving to get to them.

Thank goodness I got inspired when Connor came to town and outsourced me!

Connor M., a very close friend of the family, is a Purdue student with an entrepreneurial spirit.  He follows this blog and already has a product on Amazon.  He asked me if I could demonstrate book sourcing while he was home on fall break.  We went to our local Goodwill and much to my surprise, he pulled about 18 great books from this “tapped out” source.  He scanned items I would usually skip and had an open mind.  He re-inspired me to finding inventory at my Goodwill.  That inspiration began my best yet book sourcing week.booksale3

After picking up 8 items at the Goodwill with Connor I went home, got online and got really serious about library sales.  I used BookSaleFinder and decided I had time to travel.  I ended up traveling to three book sales during the business week.  One book sale started late in the day, but I went to the town early and cleaned out their Goodwill and their Goodwill outlet.   In an effort to end up with a solid 250 books by Saturday night, I attended an estate sale in my town on Saturday morning and grabbed another seven books.  Still a few books short, I stopped at my closest library and scanned their “for sale” shelf, which I hadn’t done in months.  I don’t think anyone else has scanned it in months either because I scored 14 books there!

I am going to attempt to source 250 books each week going forward.  I do not have as many library sales during this upcoming week, so I am already thinking creatively about how I might do this.  I have renewed my ad on Craigs List indicating that I buy books and I am scanning the Craig’s List ads in my town.  I will look hard at the Estate Sales in my town this week and consider traveling to get to them (if you want to be alerted via email when an estate sale is near you, go to EstateSales.net.)  I am ready to take books to the next level!

 

 

 

Share

Books ROCK! A great way to get started on FBA…

Sell books on FBAOkay, folks, I gotta tell you a secret: books rock!  Reading books is super fun and selling books is even better. They may seem “old school” and they aren’t as sexy as the newest iphone or Star Wars, but you will be hard pressed to find a category with as simple of a learning curve or as high of a return as books.

I have sold used books casually for years, and back in July I decided to ramp it up and see what I could do with this category. Here are my results:

 

July: 18 units $424 and  $23.55 average price
Aug: 54 units $1081 and  $20.02 average price
Sep: 117 units, $1827 and $15.62 average price

Selling Books FBA

 

 

Not bad for my first three months. And, folks, these things are FUN to source. They are simple to find (think everywhere), cheap (sometimes  even free), and easy to decide whether to purchase them or not.

Okay, now down to the nuts and bolts of the business.

What types of books do we look for?  Not the kinds most people read. As  a matter of fact, I never look at fiction and the more popular a book is, the less I look at it.  In general, the hugely popular books have a lot of supply and therefore the demand is lower.

The best categories are reference  (textbooks are my favorite!), craft or how-to books (the more unusual the better), business books, biographies (again, the more obscure the better), history, science, math, and technology.

Where do we find these books?  Craigslist (check ads and run ads), thrift stores, estate sales and library sales. The library sales are my favorite. Check with your local library, most libraries have annual or monthly sales to get rid of all their extra books plus the books that have been donated to them.  There is a free site, booksalefinder, that lists a lot of library sales.  Some of these are huge.  If you live in a large city plan on getting to the sale before it starts as there will most likely be other book scouters in attendance.   There is another site that tells you about smaller, less well known sales, called booksalesfound, that I pay for, $27 a month, but I figure that if I only find one valuable book a month from it, it pays for itself (and I have found hundreds through the sales on this site.)

How do we decide which books to buy?  This is a tricky question, at first especially, but we are getting better at choosing.  Sales rank in books is important, but books are a big seller on Amazon so it is possible to go quite high with your rank.  We have decided, for now, to source ranks up to 5 million and we look to buy books that will sell for at least $10.95 on FBA.  We do not consider MF to be our competition, only FBA.

Currently we source with a Blue Tooth scanner and a scouting application, FBAScan, from ASellerTool.  We like it because it lets us set parameters so our phone only chimes when a book has possibilities (we don’t have to look at each individual book as we scan.)  There is a lot of different scouting applications out there and I can’t speak too much on any of the others.  I like the fact that FBAScan from ASellerTool has a database downloaded right into my phone so I can source even without data service.  Plus, I believe it is quicker.  If our software cannot find a book we use the free service from Amazon called Flow.  It is pretty slick, it basically scans the front of the book and finds it (usually) in the AZ database.

If you are not ready to fork out the money for a Blue Tooth, many people use attachments on their phones that scan pretty quickly.  You can also start out by just scanning with Flow and not invest any money.  It will be slower, but if you have more time than money and want to get started, it is a good option.

There are a couple of good book selling books out there written by two people I have met in person.  Jeff Clark, a super nice fellow just up the road from me, has written a book (we call it the “book book”) that is available for just $17.  He knows all there is to know about sourcing these great sellers.

Again—Books Rock!  They are so easy and so fun to source and take a very small investment to get started with.  Go see what you can find!

Share

Amazon Sales Rank Explained

Amazon Sales Rank ExplainedLet’s talk for a second about Amazon Sales Rank. If you are learning how to sell on Amazon you will very quickly start paying attention to the Amazon Sales Rank of the products you are considering. I have been dabbling as an FBA seller for quite a while and know about sales ranks and pay attention to them, but when my husband asked me last week to explain what it means, I realized I couldn’t explain it. Which really means, I didn’t understand.

So, I did some asking and some digging and I think I “get it” now. Sales rank is a proprietary algorithm of Amazon’s. They rank every product that sells based on how often it sells in its category.  If something is ranked 1 or 100 or 200, that item is an extremely popular item that sells often. Those low numbers are great numbers. If something is ranked 12 million (or some other extremely high number,) in its category, that product sells much less frequently. An item without a rank has not yet sold.  A recent sale on an item will move its rank upward, so if you happen to look at a product right after a shopper purchases it, you would see a lower (remember, lower means better) rank. If you look at a product that hasn’t sold for a while you would see a higher (higher means worse) rank.  Some people explain sales rank as a measure of how long it has been since a product last sold.  Amazon throws some magic in, and out comes the rank.

So, in determining how popular a product is, and whether it makes sense for you to buy it, you will look at rank. Keep in mind, though, that rank is a very fluid thing and that you could be seeing an artificially high or low rank based on how long it has been since the product last sold.

Lucky for us, companies have sprung up that track rank and sales on Amazon. You can look at how often a particular item has sold and at what price and make a more informed sourcing decision. The two sites I use are CamelCamelCamel and Keepa.

Also keep in mind that different categories on Amazon have different amounts of products.  Books, for example, has right around 57 million listings.  Yes, you could find a book with a sales rank in the 50 millions.  Pet supplies, however, have under 1 million products.  You also want to remember that different product categories have different amounts of volume.  Amazon may sell books way more often that they sell pet supplies (I don’t know this, but certain categories are obviously better sellers.)

I made a quick cheat sheet that you are welcome to copy and paste.  The basic categories are included and I broke out the top 1%, 5%, 10% and 15%.

Amazon Sales Rank Cheat Sheet

You can easily make your own cheat sheet.  To find out the total number of products in any category, simply go to the top search bar in Amazon while you have a category selected.  Then type in a dash (-) plus anything senseless, like -9xxxifo. Amazon will then display the total number of items in that category for you.  Here is a picture–

Finding sales rank in amazon

 

The advice I read on ranks and what counts as a good rank versus a not so good rank definitely varies.  Especially in the category of books.  Some sellers stick to buying books with only ranks under 1 million, some to under 5 million and others look at a variety of factors including price and competition.  I am still figuring it out—currently, I stick to under 5 million plus an estimated selling price of $11.00 or better.  I glance at competition, especially at the higher ranked books.  If a book is a high rank plus there are a lot of offers plus it is near the $11.00 mark, often I pass.  Sometimes I buy based on “gut.”  Used books are cheap, so I don’t spend a lot of time worrying about using my “gut.”  As I move into other categories, though, my “gut” will need to be sharper and I will be paying more attention.  I will keep my learning open and share here often.  Stay tuned.

Tomorrow is a big day for us sellers, let me be the first to say, HAPPY FOURTH QUARTER!

Share

CES III–Jim Cockrum’s conference in Louisville

imageI feel like the luckiest girl on the planet.  Not only do I get to do, everyday, what I love—and make money at it!—I get to travel to exciting places and meet inspirational people.  THANK YOU to everyone who made the journey to Louisville last weekend to be a part of CES III, Jim Cockrum’s third conference for online entrepreneurs.   (If you are serious about online selling you NEED to follow Jim Cockrum—he is the most trusted internet marketer online and his free newsletter alone is invaluable.)  I am a lifetime member of MST and this is THE place for anyone and everyone who is serious about online selling.  You can check it out for free anytime.

It was just a four hour drive for me which is easy travelling compared to the hundreds who flew in for the event.  The days leading to the conference felt like Christmas time, my excitement could hardly be contained.  Old friends, new friends and celebrities all in the same place at the same time!  It was almost too good to be true.  Plus, we were there to share ideas and learn from the people who are blazing new trails and making lots of money in this online world.

This is my second CES conference (CES stands for creative ecommerce solutions I think) and what sets these events apart from any other is the atmosphere of sharing.   Everyone is there to help each other succeed.  There is only a tiny bit of selling (tools offered by the sponsers) and the rest of the event is people sharing their proven success strategies.  It would be impossible to leave this conference without at least ten new ways to profit online.  The biggest challenge for me is choosing JUST two or three and seeing them through.

After months of isolation (one downside of this business, I’m afraid,) I was in a room with hundreds of people who “got” me and my business!

I had a chance to mingle with great people before and after the conference too.  I had dinners where we discussed scanners, wholesalers and FBA strategies.  I had lunches where we talked about products, inventory turns and margins.  Over cocktails there was talk of creative partnering and white labeling.

Jim Cockrum’s teachings create success stories–bottom line!  Mike Brown and Death Wish coffee are one of the success stories and they were highlighted on the first day. Mike Brown took his struggling coffee company to #2 on Amazon after reading Jim’s book, 101 Marketing Tips.  Mike is now vying for a free commercial on Super Bowl Sunday and you can help him win by voting at www.PickMikeBrown.com.

Onto the nuts and bolts of the conference-I am not going to attempt to go in order or encompass everything, but I will share some highlights. All of the people mentioned here are worth googling if you want to gain further insight into their strategies and ideas.

Dan Miller discussed finding the happy spot between pursuing a passion and earning a living. “Do what you love and follow the money.”  He has a book at www.48days.com/why.

Next, George from Merchant Words (one of the sponsors) discussed how to find search terms. Simple, but probably overlooked, ideas were discussed. He discussed a proper title in Amazon and how not to “stuff” the title with too many keywords (Amazon doesn’t like this.) Overall, though, the goal is to turn buyer search terms into our search terms.

888 Lots was also a sponsor and they explained how they get  inventory.  Apparently, they buy all of the lost, loose and unclaimed items at the Amazon warehouses. I have heard of 888 Lots but have no experience working with them. It is so interesting to me, however, that every part of the Amazon cycle has been molded into a business.

Robyn, an amazing Amazon seller and one of Jim’s coaches spoke for about an hour.   This woman is a bundle of energy and a great presenter. She focused on goal setting and backing into what you need to do NOW to achieve certain milestones numerically.   She likes milestones and goals as a way of documenting progress. She discussed planning your work, creating systems, conquering stale inventory and refining your margin.  She had a cute magnet for us all to track our individual goals. She can be reached at excellence@robynsnest.com.

Dan Hollings was another featured presenter. He discussed how we, as Amazon sellers, have so much to offer other businesses. How about using our skills to grow another business’s product on Amazon? We can partner with the business and our fee is part of their increased profit. This is a great way to grow business without the responsibility of inventory. Also, for all the folks nervous about Amazon limits (and there was a lot of this going on,) you can run the business from someone else’s Amazon account.

Chris Green talked about Online Sourcing. The advantages of souring online are obvious. There is no travel time, free boxes, you can do it anywhere. He discussed major retailers and niche sites and taking advantage of daily deal sites.  He also spoke on using virtual assistants to do some (or all) of the sourcing.  I was impressed with all the applications and software that is now available for online sourcing. And while sourcing, remember to take advantage of cash back sites like eBates, use some store rewards and coupons?  Chris Green is a maverick in online and retail arbitrage and has multiple videos on You Tube and a couple of THE BEST books about FBA and online arbitrage.

Barrington McIntosh also spoke–he is almost a legend in the Jim Cockrum group. He started doing retail arbitrage on Amazon a few years ago from home and has grown his business into a formidable force. The amazing thing is that his home is Jamaica. So many excuses people have about “not being able to find profitable inventory” go out the window when you meet someone from an island with no Target, no Walmart and no major stores who is making a living selling FBA on Amazon.  He offers coaching for other international sellers and you can get more information right here.

The CES III conference was absolutely everything I expected and needed.  I went for a little fuel and I felt like a rocket when I left!   I am so fired up to IMPLEMENT some of the ideas.  I intend to share here as I go forward.

 

 

 

Share

ebay 101

Yeah!  Lots of fun and hopefully some great information at last night’s presentation of ebay 101.

I love online business and it was fun to share a lot of what I have learned over the years with people looking to sell on ebay.

Below are links to many of the things I talked about.  There are several more videos on listing and pricing items and also on FINDING items on my youtube channel for your learning pleasure.

How To Set Up An Ebay Account

How To Set Up a PayPal Account

Thanks for your support and please browse through this site for tons of eBay and online selling tips.

 

 

Share

What To Sell For Christmas

Even the most casual online seller knows that Christmas is the busiest time of the year online.  Most new sellers, and many seasoned sellers, do not know exactly how to capitalize on the huge increase in qualified traffic that is searching–and most importantly buying–during the holiday season.

If you are well established in a niche and have been selling online for a while you are probably anticipating the season and figuring out exactly how to stock up and be ready.

If you are new or not sure how to best capitalize on the Christmas season, here are a few great ideas.

IDEA #1 TOYS

Toys are a HUGE seller (obviously!)  If you the time and inclination to watch eBay, Amazon, ToysRUs, Target, Walmart and the Disney store, you can profit–Big Time–by playing the retail arbitrage game.  The “hot” toys will sell out at one or more of these markets and immediate increase in value at one or more of the other markets.  The opportunities here are huge.  Manufacturers cannot guess exactly what toys will “take off” and often times they are just as surprised as us at the results of their marketing.  This leaves a shortage of supply.   You can capitalize on this shortage if you can purchase the wanted toys.  I have made thousands of dollars doing exactly this!  I am not a toy expert and every year I invest in Jenni Hunt’s Holiday Toy Guide to help me out.  She takes her years of toy-selling experience and spends hours each week analyzing the market and telling you exactly which toys are selling at above retail at which site.  Her Holiday Toy Guide is a small investment you can make to seriously capitalize on Christmas 2013.

Review Jenni’s Holiday Toy Guide

IDEA #2  THEMED GIFT BASKETS

Browse Walmart or your local dollar store for ideas.  Fill a medium (or large) box with products all related to the same theme.  Theme ideas:

Sporting Goods related to your local team (Notre Dame or Boston Red Sox,)

A Gardening Basket

A College Student Basket

A Puzzle Basket

A Book Lover’s Basket

A Food Lover’s Basket

A Candy Lover’s Basket

A Basket for a little boy who loves trucks

A Basket for a little girl who loves dolls

An Artist’s Basket

A Crafter’s Basket

A Movie Night Basket

A Baker’s Basket

Mark the basket up $10-20 over what you pay.  Make sure to use the words gift and Christmas in your description.  Also make sure to use the words might describe the person the gift is for “candy lover,” “toddler.”  Thousands of people (I am one of them) search on “Christmas gift for toddler.” or “gift idea for puzzle lover.”  Make sure your description is broad enough for these folks to find your gift.  Remember, pictures and descriptions are very important here.  You want to make the photographed box pretty and full and look like a complete gift.  Your buyer wants to know you have just put together the perfect gift for their loved one.

IDEA #3 GROCERIES

I was completely surprised the first year I ran my online grocery store at the huge increase in volume I experienced starting in mid November.  I didn’t expect a big increase in grocery sales–after all, groceries are purchased and consumed year round.  I sold hundreds of extra items during the Christmas season, apparently people eat more at Christmas time!  Seriously, they buy every day groceries as gifts and often they splurge on luxury food items they wouldn’t buy everyday.  My business nearly doubled during the month of December.  So, even if you are not a regular grocery seller, list a few groceries and see how they do.

IDEA #4 TOY ACCESSORIES

Look through your Sunday ads and determine what toys are popular and being promoted. Then search your stores for accessories related to these toys.  You can even group the accessories together and create a bundle.  Is Monster’s University the big thing?  Look for an alarm clock, a watch, some PJ’s.  The one-off items are often harder to locate in stores and sometimes the main gift is already purchased and grandparents or friends want to purchase a similar item.

Thanks and Happy Shopping!

 

Share

Free Stuff To Sell on eBay

FREE Things You Can Sell on Ebay

There are a lot of things you can sell on Ebay for no monetary investment–just a little bit of your time and energy.SERVICES: There is a section in ebay titled “Specialty Services.” Browse through it to come up with ideas. Do you have skills that may be in demand? Do you do copywriting, edititing, proofreading? Perhaps you have great design or HTML skills. What do you (or have you in the past) gotten paid for and how could you incorporate that into something to sell? Perhaps you are a whiz with accounting or taxes, you could list your services for online sellers or small businesses. Every one has skills that are unique or worth paying for. Get creative here!

TICKETS: Look at Ebay’s section of tickets. Hundreds of tickets sell above face value every day on Ebay. You can buy tickets for a hot show or sporting event, it can be in any city, and resell them as the event gets closer. Watch what similar tickets end up going for and buy carefully. There is a lot of money to be made in ticket sales but make sure to study the market.

OTHER PEOPLE’S STUFF: You can quite easily become a trading assistant officially through ebay and be listed to do consignment sales. You can also solicit consignment sales on your own. After approaching friends and relatives, get creative. Call people who have items listed in the classified or on Craig’s list. Many of these sellers want to unload their stuff but don’t have the patience or inclination to sell on ebay. Consider approaching small businesses in your area. Offer to list slower moving items and split the profit. There are hundreds of small shops in every metropolitian area, you might be able to get a nice source on unique inventory.

Keep your eyes open and your pocketbook closed when first selling on ebay. There is a lot of potential profit out there at NO COST to you!

Share

Flea Marketing 201

Flea Marketing 201

EBay has earned its place in cyberspace as the world’s largest rummage sale. It is a great place to resell vintage and preowned items. The profit margin can be huge when you know what to buy.

Some great ideas for finding second hand inventory were given in earlier in Flea Marketing 101.

Here are some more things to look for when shopping for eBay inventory:

Scrapbooking Supplies (Creative Memories)
Stamping Supplies (Stampin’ Up)
Games for Wii, XBox, DS
Digital Cameras (even broken can be sold for $20-30)
Vintage Phones (color and style matter here)
Electric Rollers (Richard Caruso Brand or Remington certain colors)
Hooked on Phonics Sets/Learn to Read, Write or Do Math Sets
Unopened, unused makeup (Brand names)
Perfume (Brand Name, can be opened or used)
Dance and gymnastic costumes and shoes
Sport Shoes, Cleats (Brand Names)
Longaberger Baskets
Pier One Pottery and Dishes
Fishing Gear
Board Games (intact and complete with instructions)

Always get items as cheap as possible. If you are at a personal sale, strike up a bargain. If you are shopping the thrift markets, go on discount days or shop for items that are on sale.

Make sure to use Terapeak Price Report or do your own research on eBay to see what items are selling for.

A resource that will pay for itself over and over again is Garage Sale Goldmines.

Share