Turnover Tuesdays - When You Are that Shady Seller
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.
The last couple of weeks was a very, very tough week with ups and downs.
One of the distributors that I work with through a friend (BN) found a great deal on a certain item. The rank was amazing and competition was scarce. We had a decent track record with them so It was about 50% ROI. Everything was great. The one catch was that item in China. The distributor took care of the logistics of bringing it over but it was a 2-3 month lag time. Anything can happen in 2-3 months including plenty of competition and price erosion but I was excited.
After a couple months, they finally arrived. I sent them in and magic started happening. There were 2 other sellers including BN at $25 with me but I still selling 20-30 every day. I've never sold anything like it when it wasn't Q4. I was making about $6 on each one so that is amazing. After about a week, we were already ruing the fact that we were almost out.
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The last couple of weeks was a very, very tough week with ups and downs.
The Ups
After a couple months, they finally arrived. I sent them in and magic started happening. There were 2 other sellers including BN at $25 with me but I still selling 20-30 every day. I've never sold anything like it when it wasn't Q4. I was making about $6 on each one so that is amazing. After about a week, we were already ruing the fact that we were almost out.
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