With less than 24 hours to go until Thanksgiving day, I want to wish every one of my readers a heartfelt “Happy Thanksgiving!” I truly have a lot to be thankful for and I intend to spend this time surrounded by the family that God has blessed me with.
I feel it is rather befitting to write this post just before Thanksgiving day because I’m actually really thankful for Amazon FBA this year — and rightly so since I am also thankful that I can end this estate sale update series on a positive note. That’s right… I am officially “in the black” thanks to the last 30 days worth of sales. 🙂
If you remember my last update, I encountered a problem with hundreds of books that I sent in not being available for sale. Once I fixed the problem with my stranded inventory, my book sales resumed to the level where I felt they should be.
It has now been 3 months since the books that I purchased from one of the best estate sale book hauls I’ve attended so far this year have been checked in and have begun selling. As I mentioned in the first and second update, I will continue to share the results of this haul until I become profitable…and that time has finally come.
Here are the figures for the last 30 days worth of sales:
It’s that time again for me to sum up my month of reselling. This post has certainly been a work in progress for over a week. I actually wrote it in bits and pieces in between sourcing, bookkeeping, and spending 12 hour days running around after my daughter who has finally mastered running away from me when I call her and climbing stairs. I finally have a little bit of time to crank out the last portion of this post which is long overdue.
I do apologize if this post seems scattered. It will combine a lot of what occurred during the month of October along with my student loan progress and a few goals that I have going forward. I’m not sure if I’ll be around to post much this month, so consider this post my way of making up for the potential lack of content.
As I preface in all of my income reports, the figures that I report below are from part-time re-selling (anywhere from 2 to 10 hours per week) — although I did put in more hours during the latter half of this month. My first and full-time job is my family and my home. Re-selling is something that I do on the side to help make accelerated payments towards my student loans. I have no intentions of turning this into a full-time career — I just want to pay off my loans and enjoy a little treasure hunting while I’m at it. With that in mind, if you can dedicate full-time hours to re-selling, your numbers will in all likelihood be higher than those that I report on this blog.
It has been two months since the books that I purchased from one of the best estate sale book hauls I’ve attended so far this year have been checked in and have begun selling. As I mentioned in the first update, I will continue to share the results of this haul until I become profitable. You can read the first update here.
Unfortunately, I didn’t sell as many books in October as I did the previous month. I came close in terms of number of books sold, but I did not meet or exceed last month’s numbers. My gross sales were also down.
Something didn’t seem right about these numbers given the amount of books I sent in and it turns out that something had indeed gone awry. 🙁
On October 28, Amazon sent me an email that I had some items in my “stranded inventory.” I will be honest and say that I’ve never really clicked on the “Stranded Inventory” link within Seller Central — or if I ever did, I never had any stranded inventory so I completely ignored it. Lo and behold, when I went to check things out I had close to 400 stranded items and over 90% of those items were books. Over 200 of those books were from this estate sale. I had absolutely no idea that I had so many books (and other items) sitting in Amazon’s warehouse without an active listing. I’m not sure how this happened and Amazon’s explanation wasn’t very clear.