How to make over $10,000 monthly selling on amazon/dropshipping without any investment

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---You can build up to a higher volume if you want...that was with cds/dvds he was doing....you can sell something such as computer processors...I've done those before....check the price at tigerdirect or something...say a motherboard is selling 100 there....sell it for 150 on amazon...transfer the money into your bank account...then go online and order it.

It's true books cds and dvds take more volume because of the low margin...but if you sold 30 of these computer processors in a month thats 1500 just from that one product alone. Very easy to do.
 
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wordhire said:
Hehe, retail arbitrage, can simply buy from other amazon sellers that are selling for lower than you.
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Good thinking wordhire! I've done that before too, just make sure you buy from someone with great feedback and thousands of orders....
 
Thanks for the thread. Certainly is interesting considering stuff in such large volume. I have a quick question though...

What happens if one of your customers does a charge back? Will Amazon take that out your account?
 
While I am sure some people do. How often do people really buy products listed for more than retail?

How much do you typically mark up an item over retail and have it actually sell?

I assume it's all a big numbers game?
 
wordhire said:
While I am sure some people do. How often do people really buy products listed for more than retail?

How much do you typically mark up an item over retail and have it actually sell?

I assume it's all a big numbers game?
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Hey worhire...your right not that many people buy at retail...so you would need alot of products in volume to make up for this.

However we all know there is tons of places online to buy stuff way under retail...that's the best practice for me...see my comment above about the computer parts version.
 
Adlad said:
Thanks for the thread. Certainly is interesting considering stuff in such large volume. I have a quick question though...

What happens if one of your customers does a charge back? Will Amazon take that out your account?
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Hey Adlad...I've only had this happen a couple of times...sometimes it's true the mail will mess something up and it doesn't get delivered. If your shipping something with more value to it...just get insurance and tracking on it so your covered.
 
Yeah, the thing about computer processors and such is that you would be targeting a more technically savvy market. These people are likely to seek out the best prices for their computer components.

I get the idea though. Guess the only way to know is to try it.
 
Thanks for the reply isaiahz. I had a look on the Amazon page and it says this in relation to payment:

"Amazon first settles your account 14 days after you register.Subsequently, the settlement process repeats every 14 days. It normally takes 5 business days from the settlement until the money is available in your bank account."

So are you sure you can request daily? Maybe the daily option is only for long standing sellers?
 
isaiahz said:
Hey Adlad...I've only had this happen a couple of times...sometimes it's true the mail will mess something up and it doesn't get delivered. If your shipping something with more value to it...just get insurance and tracking on it so your covered.
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Also, if you buy from a retailer online...(which I suggest instead of going to the store and mailing it yourself) The company you bought it from online will most likely have insurance on it.

This has happened a few times where my customer says they didnt get their product..so I email the retailer and they either reship or refund...no problems
 
wordhire said:
Yeah, the thing about computer processors and such is that you would be targeting a more technically savvy market. These people are likely to seek out the best prices for their computer components.

I get the idea though. Guess the only way to know is to try it.
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Thats true word..just find out what works for you..you can sell anything from external hard drives, computer monitors, endless...and free to list them as well.
 
Adlad said:
Thanks for the reply isaiahz. I had a look on the Amazon page and it says this in relation to payment:

"Amazon first settles your account 14 days after you register.Subsequently, the settlement process repeats every 14 days. It normally takes 5 business days from the settlement until the money is available in your bank account."

So are you sure you can request daily? Maybe the daily option is only for long standing sellers?
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I just seen that too im almost positive they do some sort of thing where they hold your funds for x amount of time..
 
mrunknown said:
I just seen that too im almost positive they do some sort of thing where they hold your funds for x amount of time..
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Hey again, they have never held anything from me...I know how it is on paypal where they do that. You can withdraw money to your back account once daily from amazon. Best thing to do is wait until the end of the day when sales are done, then withdraw daily.
 
isaiahz said:
Hey again, they have never held anything from me...I know how it is on paypal where they do that. You can withdraw money to your back account once daily from amazon. Best thing to do is wait until the end of the day when sales are done, then withdraw daily.
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There is no real logic behind them offering daily payments to new sellers. They would surely get killed by fraud.

So I don't see how this method can work unless you have an established Amazon seller account
 
Adlad said:
There is no real logic behind them offering daily payments to new sellers. They would surely get killed by fraud.

So I don't see how this method can work unless you have an established Amazon seller account
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I tend to agree with this point. Someone could simply list thousands of products at lower than retail and cash out.
 
this is a great thread, i think if you are not planning on scamming people, then there is no real need to to wait 13 days.. you can time your purchase on credit cards.. since you can carry a balance for more than 14 days but maybe as you get bigger and more serious you can keep a bank account with enough money/

the only problem i have with this is possible refunds/ return of product, how would you handle that? you mention insurance but do you handle that at all?

btw, does anyone know if amazon ships products without a price receipt? :)
 
Adlad said:
There is no real logic behind them offering daily payments to new sellers. They would surely get killed by fraud.

So I don't see how this method can work unless you have an established Amazon seller account
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Hey again...caution and detail is always a good thing...i like how your thinking...I went and found the amazon policy for everyone...:

Basically the policy below is saying, create an account, you could wait until the 13th day after to start selling, then everyday after that you can withdraw every 24 hours:) So sign up now...do your research for a couple weeks and have everything ready to go. Or if you have the money to cover buying the product you can start now...but don't let the 2 week wait stop you...its every 24 hours after that.

Amazon Policy
Your disbursements are based on a 14-day cycle starting from the time you were approved to sell using marketplace payments For new sellers, there is an initial 14-day holding period before funds will be released from your Payments account. Once you have received your first automatic disbursement from Amazon, you may be eligible to disburse funds up to once every 24 hours.
After a disbursement is initiated, it normally takes 5 business days until the money is available in your checking account.
 
jinsandy said:
this is a great thread, i think if you are not planning on scamming people, then there is no real need to to wait 13 days.. you can time your purchase on credit cards.. since you can carry a balance for more than 14 days but maybe as you get bigger and more serious you can keep a bank account with enough money/

the only problem i have with this is possible refunds/ return of product, how would you handle that? you mention insurance but do you handle that at all?

btw, does anyone know if amazon ships products without a price receipt? :)
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Hey jinsandy good thinking, see my comment just above this too....Amazon does cover you for fraud so no worries there.

As far as the insurance...almost all retailers will ship their products, from tvs to ipod with insurance to cover themselves...no problem there.

Returns are a very low percentage of sales, the few that you may get, just have them ship back to you. Send to the merchant and have them ship another one...like I said this hardly ever happens though. You will be making more then enough to cover the extra shipping for this.

---you can ship without the price receipt, just select gift message when ordering---
 
--ADDITION, I'm seeing now that I shouldn't have used the guy with 100,000 products as an example. As I commented before, you can do this on a much smaller scale, just with bigger profits...he was selling cds so small margin. If sold such things as tv's computer parts, tools etc, there is a much higher profit margin so you would have to list less---

Just list 100 items to start---Lets say you only sold 50 items...if you had a $30 mark up.(very easy in electronics etc) you would have $1500...not hard.

I was just using him as an example that people will even buy at retail...it certainly doesn't take that kind of volume to get good money, hope this clears some things up----
 
hey isaiahz,

let's say real amazon sells the same product as you. Wouldn't the typical buyer just buy it directly from amazon instead of the third party offering it on amazon? When i shop i usually go for the real amazon one, as it's far more trackable and i know they will help me out if there's a prob w/shipping or whatever.

and have u ever had issues with returns?
 
werrich said:
hey isaiahz,

let's say real amazon sells the same product as you. Wouldn't the typical buyer just buy it directly from amazon instead of the third party offering it on amazon? When i shop i usually go for the real amazon one, as it's far more trackable and i know they will help me out if there's a prob w/shipping or whatever.

and have u ever had issues with returns?
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Hey Werrich I use to think so too, but I sell things all of the time above amazons price...or amazons price is sometimes high too and I sell below. Lots of people buy from 3rd part...click on a user and look at his feedback....

See the comments above about shipping...thanks!
 
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