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.
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.
#1: Black & Decker Can Opener
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.
#2: Wishbone VHS
Today was such a busy day filled with sourcing that I almost forgot to round up some of my FBA sales. This week I want to focus on what has sold from the liquidation pallet that first got me started with Amazon FBA. I now consider sales of merchandise from that pallet to be passive income since I have already made my money back from the initial investment several times over.
Here are a few items that sold:
1.) 14 Favorite Love Songs [Audio CD] Neil Diamond – This was a new/sealed CD in the pallet. I had no idea how to price it, so I priced it high and hoped for the best. It sold within 2 weeks of hitting the warehouse.
Paid: approximately $0.06. After Amazon fees and the initial cost of the item, I profited $20.61.
2.) Squire Rushnell’s Kingdom Chums: Original Top Ten [VHS] – Here’s another VHS that has sold from that pallet. I actually thought about keeping this one for my daughter, but opted instead to send it into FBA. It just so happens that I found a used copy of this exact VHS at the Goodwill Outlet a few weeks later.
Paid: approximately $0.06. After Amazon fees and the initial cost of the item, I profited $18.82.
3.) Just a Closer Walk With Thee [Audio Cassette] – There are hundreds of cassette tapes from that pallet that I have yet to ship into FBA. This one made its way there only because it had a barcode that I could scan and it was actually listed in Amazon’s database. I really didn’t know how to price this cassette tape, so I settled on a price that would net me at least a $10 profit.
It’s that time again for another weekly Amazon FBA roundup! I took things easy this week in regards to sending in any new inventory to Amazon. (Although I will admit that I have quite a bit of new inventory that has accumulated since a good deal of my online purchases to flip were delivered this week.) To be honest, I was completely BURNED OUT from prepping, cleaning, listing, labeling, packing and shipping the largest amount of inventory I have ever sent to Amazon. The great thing about Amazon FBA is that I can take a week off and the sales still come pouring in.
Here is a recap of what sold last week and this week:
#1: Jayne Mansfield Collection
I purchased this collection of DVDs at an estate sale I attended almost 3 weeks ago. I certainly wish I had a “mother’s helper” at this auction because the sheer volume of media (i.e. VHS tapes, DVDs, books, records, etc) was astounding. This particular estate sale consisted of over 45 years of collecting. I didn’t even tackle 20% of what was available. The estate sale was so large that mid-week the company that ran it sent out an email alerting everyone that they had to rent a space to showcase all of the contents.
I decided to do things a little differently this week in regards to my “FBA Friday” series. Instead of recapping sales from this week via a blog post, I decided to make a quick video of some items that I sourced over the past 2 weeks. Hopefully it will help you if you are looking for new niches to explore. Additionally, I hope that you will see some of these sales (because I have no doubt they will sell…I just don’t know when) in a future FBA Friday blog post.
Enjoy the video!