Today’s edition of FBA Friday focuses on sales that I made from retail arbitrage. If you’ve been a reader of this blog for any length of time, then you may know that I am not partial to retail arbitrage. I prefer thrifting to retail arbitrage but I do believe that retail arbitrage has a place in my reselling ventures, but only when the profit justifies the work I put in scanning, etc. This month, I made an exception.
I purchased all of the items that you will read about below at the end of March. In fact, it was part of a personal challenge that I set for myself in order to reinvest some of last month’s earnings. I did not publicly reveal the $500 challenge that I set for myself, but during the last week of March I took $500 $538 and invested it into merchandise bought from retail stores only. I went in knowing that my ROI wouldn’t be as large as what I get from thrifted merchandise, however, I also knew that I could buy in volume as a trade off.
This post will only focus on items that were purchased on clearance or special markdown. I didn’t limit myself to only buying this type of merchandise, however, I will never publicly “out” products on retail shelves that can be purchased at regular price and flipped for more Amazon. I believe that not only destroys the marketplace, but it also carries other negative consequences. Clearance items, on the other hand, are fair game in my opinion.
A few weeks ago I picked up a new in box Disney Little Einstein’s pyramid set from a local thrift store for $4.99. I almost walked by it because it was directly behind an oversized game board, but when I caught a glimpse of the words “Little Einsteins,” I picked it up without hesitation. What’s funny is that shortly after placing this item in my cart, I ran into a married couple who also resell on eBay. They were on the same toy aisle as me, but they didn’t bother to pick up this particular set even though they had scanned through all of the games and had finally settled on rummaging through oversized plush. I’m not sure how or why they missed this, but it goes to show that what’s profitable to one person is not to another.
Unfortunately, it wasn’t in good enough condition to send into Amazon FBA due to the many dings on the box so I listed it on eBay and priced it at $45. Had it been in better shape, I would have sent it into Amazon FBA and set the price around $60.
Today’s post will focus on a few sales from thrifted goods. When I use the phrase “thrifted,” I am generally referring to anything purchased from a venue where the goods are low cost and new or pre-owned. This includes goods purchased from estate sales, parking lot sales, flea markets, etc. Hopefully you will get an idea of the types of items that I keep an eye out for. There most certainly are quality goods that you can resell from these venues.
I purchased this jar opener from a parking lot sale last month. In fact, you might remember it from this photo that I posted on Instagram. That was my first experience with parking lot sales and I will definitely be on the lookout for them more often.
The young woman who sold this to me told me that she was selling it for her grandmother who did A LOT of shopping. I opened the box to inspect it after researching it on my phone. It was still sealed in plastic and had all of the original packaging. I happily handed over the $10 she was asking for it and went on my way.
This was one of those items that sold within 24 hours of being checked into the warehouse.
After Amazon fees and the initial cost of the item, I profited$66.79.
On Friday I got the chance to get out and attend an estate sale — something I never do on a Friday. This particular estate sale was put on by a company I’ve never patronized before. I did not know what to expect — and quite honestly — I almost turned around and went back home, but thankfully I decided to check it out before heading to a doctor’s appointment.
Below you will find a video of Friday’s haul. I picked up a lot of items that should sell rather quickly and vary in category, price, and sales rank. I even picked up a few items to resell on eBay. I am seriously beginning to think that estate sales are the new “Goodwill” so to speak. I always find profitable merchandise in great condition and at even better prices. Sometimes it makes me wonder why I spend so much time at thrift stores where there seems to be no shortage of estate sales every week in my area.
I stepped out of my comfort zone and picked up a few items I’ve never sold before. This should be very interesting! After watching the video, if you have any suggestions on items that I should be on the lookout for at estate sales, please do share them in the comments below! Sharing is caring. 🙂
Today I’m going to do things a little differently with this particular “What Sells Well Wednesdays” post. Normally I would re-cap an item that sold from the previous week either on eBay or through Amazon FBA, but today’s post will be centered around items that I have purchased with the intention of flipping on eBay, but never actually got around to listing — for one reason or another.
Yesterday I took the first steps towards liquidating my eBay inventory which involved taking close to 200 photographs and editing all of those before I went to bed so that I could list at least 20 items today. Thanks to my trusty batch photo editor, I edited all of those photos in less than 30 minutes. I did not realize how much good stuff I have been letting collect dust. Don’t believe me?!? Take a look at the inventory I plan to list today. These are things that you should be on the lookout for (#BOLO) at your local thrift stores, garage sales, or flea markets.
LinkSys Wireless Router – These are in abundance at thrift stores! Many times I find these new in package, but in most cases they are used. Some models do better than others in either condition. This one should sell for between $30-$50. I paid $6.00.
Sony VHS/DVD Recorder – Are you looking in the electronics section of your thrift store? If not, you should be! I purchased this beauty for $25. Last year I would have balked at paying that price, but I hope to re-sell this for $125. It isn’t complete, but it does have its original box and remote control. You can view completed listings here.