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How I made £300 a week on Amazon for 3 months

Discussion in 'Making Money' started by boombap, Sep 26, 2012.

  1. boombap

    boombap Junior Member

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    Ok, if this post in anyway breaks the rules here i apologise as i am new and this is my first post, I have learned a lot from reading posts on this forum and feel like i wanted to give something back. The reason I am sharing my method is that i am now permanently banned from the Amazon Marketplace because i went on holiday and forgot to suspend my listings which meant orders were still coming in and i was unable to fulfil them (what an idiot i was, don't make my foolish mistake).

    So it's fairly simple here it goes...

    1) Your going to need a bit of start-up cash, i started with less than £100, this is purely for cash-flow

    2) There are a lot of items on Amazon that are unbranded but sold by reputable marketplace sellers, things i first got into were USB TV Cards, earphones, mobile accessories etc,. I'm not going to give everything away just put your mind to it.

    3) I would find these same items from chinese sellers on Ebay for a much lower cost. (Make sure it is EXACTLY the same item)

    4) I would then simply operate on a dropship basis stating in my listing description PLEASE ALLOW UP TO 29 DAYS FOR DELIVERY <- This Is Important If Coming From China. (On Amazon there are currently barely any chinese sellers, i am unsure as to why this was on Amazon.co.uk i must state, but may work globally too)

    5) Amazon Order comes in, i make the order on ebay with my buyers address and put in the notes to the ebay seller not to enclose any billing info or receipts as the item was a gift.

    That's pretty much it, within just over 10 days i was bringing in about £200 - £300 PROFIT a week with around 10 items that were good sellers 1 of which was super good and i would sell around 5 - 10 units per day of.

    TIPS : -

    * I found that lower priced items are best (Under £20 - £30)

    * If someone wants a refund, JUST DO IT, Amazon are very buyer biased and its important you keep your account in good order, any refunds i had to give were massively out weighed by profit from other sales.

    * Most of the Ebay chinese sellers post worldwide for free so you can reflect this on Amazon

    * Keep searching for new items on Amazon and comparing prices on ebay, remember to makes the best sales you want to be the cheapest on Amazon bar none.

    * I would only sell an item that gave me at least a 100% Mark-Up
     
    • Thanks Thanks x 7
  2. eraizel

    eraizel Newbie

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    Well I am moving to China on the next 8 of October and Will be mainly doing this! and wholesale as well if you guys need something just pm me
     
  3. ukmoneymaker

    ukmoneymaker Newbie

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    Add me on skype if you can - alexsmithdevil

    I have a couple ideas

    Alex
     
  4. blackjack

    blackjack Regular Member

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    Brilliant idea but how did you manage this because Amazon requires dispatch within 2 business days? This is one of TOS to sell on Amazon.co.uk

    Also which niches did you find more suitable for this? i.e. electronic accessories, health aids etc

    Thanks
     
  5. SEO_Alchemy

    SEO_Alchemy Senior Member

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    Nice method. Now multiply by 100* get yourself a warehouse and shipping crew and you got yourself a solid import/export business you can bank on.
     
  6. Name.

    Name. Newbie

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    You don't need start up cash dude. If the guy from amazon provides you with the cash, you can use that to buy the ebay thing. I actually tried it and unfortunately it didn't work. Life sux lull
     
  7. newera33

    newera33 Junior Member

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    The idea is very good, but you could get banned from amazon at some point, I have been selling on ebay for 10 years, I did abit of dropshipping from china before and it was a headache. Now if you use ebay as the dropshipping source then it makes it abit safer because you can checkout their feedback and so forth. But the problem lies with amazon, you would have to go slowly at first and then there is no guarantee amazon will ban you for something, these days you really have to do your own thing to make it big in the long run, dont rely on these selling platforms, they are becoming stricter by the day..
     
  8. newera33

    newera33 Junior Member

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    dispatch time is different then delivery time, dispatch time is how many days before the customer pays the item untill the seller sends the item out, delivery time is how many days it takes to get the item from the time it was dispatched
     
  9. V

    V Elite Member

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    nice method m8! thanks for sharing :)
     
  10. JinxY

    JinxY Regular Member

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    The item from ebay is shipped to you or directly to the buyer?
     
  11. b520fp0

    b520fp0 Regular Member

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    Why didn't it work for you?
     
  12. b520fp0

    b520fp0 Regular Member

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    My question "Why didn't it work for you?" was for Name.
     
  13. newera33

    newera33 Junior Member

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    The concept should work, the key is to make sure your ebay hong kong seller has very good feedback, otherwise you will be being given refunds and not getting any sleep
     
  14. boombap

    boombap Junior Member

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    I would mark the item as 'Dispatched' as soon as i had placed the order on ebay.
     
  15. boombap

    boombap Junior Member

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    You do, on Ebay you buy with paypal and on Amazon it takes around 2 weeks to get your first payment as they verify you etc,.
     
  16. boombap

    boombap Junior Member

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    The item is shipped directly to the buyer. Like i said in the original post you have to state to the ebay seller not to include any billing or invoice info in the notes at checkout.
     
  17. newera33

    newera33 Junior Member

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    This is the amazon two week payment holds answer

    ''When you sell an item, ship it, and confirm the shipment, we deposit the money into your Payments account. Every two weeks, the funds in your Payments account are settled and a disbursement is initiated to transfer funds into your bank account. After an initial 14-day hold, sellers can also request more frequent disbursements from their Payments account. You can request manual disbursements once every 24 hours through the "Get Paid" section in the Seller Account.''

    Im not that familiar with amazon, so maybe I can just sell a few cheap items at first so I dont have to front so much money to send the item out because amazon is holding my money, Does amazon hold my first payment for 2 weeks, then I can request the 24 hour release after two weeks, please explain..
     
  18. larrysez

    larrysez Newbie

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    Nice one
     
  19. newera33

    newera33 Junior Member

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    How many days do you have to wait before amazon sends your funds to your bank account. I read that at first its 2 weeks then after that every 7 days, is that correct?
     
  20. aniel

    aniel Registered Member

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    Hi Boombap,

    Could you PM me if you want some more information about goods from China? I have been now in China for 5 years and doing some sourcing for my cousin back in Ireland. I can show you some local links where you can check goods and their local prices. Maybe from there we can discuss other options for you?