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I finally made my first sale doing amazon arbitrage

Discussion in 'Making Money' started by PBNSurprise, May 1, 2017.

  1. PBNSurprise

    PBNSurprise Jr. VIP Jr. VIP

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    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
     
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  2. healzer

    healzer Jr. VIP Jr. VIP

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    Congratz! :)
    How would you go about scaling this up?
     
  3. PBNSurprise

    PBNSurprise Jr. VIP Jr. VIP

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    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
     
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  4. DEFINE

    DEFINE Regular Member

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

    BassTrackerBoats Super Moderator Staff Member Moderator Jr. VIP

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

    PBNSurprise Jr. VIP Jr. VIP

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    $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
     
  7. DEFINE

    DEFINE Regular Member

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    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 :)
     
  8. bartosimpsonio

    bartosimpsonio Jr. VIP Jr. VIP Premium Member

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

    julianthr BANNED BANNED

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    That's great PBN! Good luck in your new projects!
     
  10. radiant13

    radiant13 Power Member

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

    PBNSurprise Jr. VIP Jr. VIP

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    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
     
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  12. gernozarus

    gernozarus Junior Member

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    Nice PBN. Are you still doing Instagram though?
     
  13. sabujdc

    sabujdc Jr. VIP Jr. VIP

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

    issorc Jr. VIP Jr. VIP

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    Congratulations! These are some insane fees amazon takes, thought they'd be much lower.
     
  15. hofstra1012

    hofstra1012 Newbie

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    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?
     
  16. BassTrackerBoats

    BassTrackerBoats Super Moderator Staff Member Moderator Jr. VIP

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    @shezboy can tell you the answer to that.
     
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  17. PBNSurprise

    PBNSurprise Jr. VIP Jr. VIP

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

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

    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
     
  18. mike159

    mike159 BANNED BANNED Jr. VIP

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    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?
     
  19. PBNSurprise

    PBNSurprise Jr. VIP Jr. VIP

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    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
     
  20. Sneeks

    Sneeks Jr. VIP Jr. VIP

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