I finally made my first sale doing amazon arbitrage

[PBNSurprise]

took one month of sourcing, listing, and sending in books to make a sale. it's pending so let's hope it goes through and i get the payment. this particular book i bought for $3.24 and sold it for $15.99, minus the fees the profit isn't so glamorous but it's my very first sale. time to source and list more books, keep hustling folks

EDIT: literally 5 minutes ago i got e-mailed that the order shipped and payment is complete, awesome

 

[healzer]

Congratz!
How would you go about scaling this up?

 

[PBNSurprise]

Congratz!
How would you go about scaling this up?

i have a few ideas floating around in my head at the moment but right now i'm sourcing locally. i don't mind sharing that aspect because literally i meet a new person at the thrift store doing the exact same thing as me lol talk about saturation

 

[DEFINE]

Congratulations! Do you mind telling what's the profit? I wanna know how much are the fees.

 

[BassTrackerBoats]

i have a few ideas floating around in my head at the moment but right now i'm sourcing locally. i don't mind sharing that aspect because literally i meet a new person at the thrift store doing the exact same thing as me lol talk about saturation

Your local dollar store may have books for you as well.

 

[PBNSurprise]

Congratulations! Do you mind telling what's the profit? I wanna know how much are the fees.

$6.62 after fees. minus the $3.24 that i paid for the book. my net profit is only $3.38 but i'm still satisfied because now i know the method actually works and i can focus on scaling up and multiplying my efforts. honestly when i was starting this i took it very slow, snail speed because i didn't want to put too much money on the line only to have it fail

 

[DEFINE]

$6.62 after fees. minus the $3.24 that i paid for the book. my net profit is only $3.38 but i'm still satisfied because now i know the method actually works and i can focus on scaling up and multiplying my efforts. honestly when i was starting this i took it very slow, snail speed because i didn't want to put too much money on the line only to have it fail

Oh wow. They sure do take a lot. Anyways, profit is profit. As you said, you know the method and that's all that matters. Good luck with the project

 

[bartosimpsonio]

Feels great, doesn't it OP? First one is unforgettable. Now scale it up!

 

[julianthr]

That's great PBN! Good luck in your new projects!

 

[radiant13]

i meet a new person at the thrift store doing the exact same thing as me lol talk about saturation

That's pretty funny. Have to find a source with less competition like maybe estate sales.

 

[PBNSurprise]

thanks everyone, i had another sale yesterday for $42.99. i got the book at a thrift store for 54 cents, i could have priced it 2-3x as much but it was in such bad condition, i made sure to note that in the description when selling. after fba fees i'm looking at ~$30 profit for that book, it was a textbook

 

[gernozarus]

Nice PBN. Are you still doing Instagram though?

 

[sabujdc]

Congratulation For your sale . Do you buy book local market or from online?

 

[issorc]

Congratulations! These are some insane fees amazon takes, thought they'd be much lower.

 

[hofstra1012]

If you don't mind me asking...how do you identify which books would be profitable? Do you scan in store with the Amazon app to see the potential profit or is it more gut instinct?

 

[BassTrackerBoats]

If you don't mind me asking...how do you identify which books would be profitable? Do you scan in store with the Amazon app to see the potential profit or is it more gut instinct?

@shezboy can tell you the answer to that.

 

[PBNSurprise]

Nice PBN. Are you still doing Instagram though?

nope, i didn't see a future with it so i stopped putting my effort towards there

Congratulation For your sale . Do you buy book local market or from online?

currently i buy my books local, i'm gonna be transitioning to online though

If you don't mind me asking...how do you identify which books would be profitable? Do you scan in store with the Amazon app to see the potential profit or is it more gut instinct?

i scan every book with the amazon app. it takes a lot of time but i am able to find a few good finds in 1 hours of scanning

 

[mike159]

That's awesome! A few questions...

I was reading about this a while ago, and they sent their items to Amazon directly, is that what you did? And with the Amazon app, do you use that app or something similar to find the price for the item?

 

[PBNSurprise]

That's awesome! A few questions...

I was reading about this a while ago, and they sent their items to Amazon directly, is that what you did? And with the Amazon app, do you use that app or something similar to find the price for the item?

yes i send my books to amazon, i buy until i'm able to fully package a box then ship it out. i use the amazon seller app to scan books

 

[Sneeks]

Step 1: Buy kdc bluetooth bar code scanner

Step 2:

Buy The glove

Step 3:

Buy Profit Bandit for your phone or fbascan.

Step 4:

Profit faster and more efficiently.