Turnover Tuesdays - I've Violated All My "Rules"
For those who are not familiar, I started a series a while back called Turnover Tuesdays. Every Tuesday I like to highlight one item that I have resold. This will include profitable and non profitable sales. I hope that there is always something to learn.
The previous posts in the series can be found at the bottom of this post.
Rule #1 - Go for the Miles
If you looked at my inventory after about 6 months of selling you wouldn't recognize it now. It was full of electronics and high priced electronics mostly. It would be normal for me to have 20-40 iPads after a sale at Best Buy or Staples. At first I was buying when I was going to basically break even after portals, gift cards etc. That didn't last long. Then I wanted at least 5% ROI, then 10%. Now, it's been a long, long time since I bought an iPad. The profit just isn't possible for it to be worth my time.
Mostly that is a change of reselling being a source of miles (and cashback) to a source of income.
I still think that if done properly, reselling can be a great way to earn a ton of miles from credit card points, portals, portal bonuses and the like. If you are interested in that, iPads are probably still the way to go. They are expensive, sell well, return rates are more limited than some other electronics and are sold by the right stores. You have to be careful to buy the right products (not Apple Watches!) at the right prices or returns will make your miles very expensive. That being said, it is very possible to earn a profit (albeit small) while earning miles. If I had unlimited time I would still do iPads in addition but I don't so I won't.
Read more »
Selling on Amazon has been a wild ride for me. It's turned from a hobby/manufactured spend tool into a real business in a short amount of time (I made my first sale in April 2015). I know it's a bit cliche to say it but the only thing that has remained constant has been the change and evolution of just about everything. From the type of deals I look for, the strategies I employ and Amazon's ever changing fee structure, I'm constantly changing my business model.
I've Broken A Lot of My Rules
Rule #1 - Go for the Miles
If you looked at my inventory after about 6 months of selling you wouldn't recognize it now. It was full of electronics and high priced electronics mostly. It would be normal for me to have 20-40 iPads after a sale at Best Buy or Staples. At first I was buying when I was going to basically break even after portals, gift cards etc. That didn't last long. Then I wanted at least 5% ROI, then 10%. Now, it's been a long, long time since I bought an iPad. The profit just isn't possible for it to be worth my time.
Mostly that is a change of reselling being a source of miles (and cashback) to a source of income.
I still think that if done properly, reselling can be a great way to earn a ton of miles from credit card points, portals, portal bonuses and the like. If you are interested in that, iPads are probably still the way to go. They are expensive, sell well, return rates are more limited than some other electronics and are sold by the right stores. You have to be careful to buy the right products (not Apple Watches!) at the right prices or returns will make your miles very expensive. That being said, it is very possible to earn a profit (albeit small) while earning miles. If I had unlimited time I would still do iPads in addition but I don't so I won't.
BERITA LENGKAP DI HALAMAN BERIKUTNYA
Halaman Berikutnya
0 Response to "Turnover Tuesdays - I've Violated All My "Rules""
Posting Komentar