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[METHOD] 1K/Month Selling on Amazon My Blackhat Method

Discussion in 'Making Money' started by jonnyc, Oct 21, 2014.

  1. jonnyc

    jonnyc Junior Member

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    Hello

    In this method i will show you how you can make passive income from Amazon , this is kind of blackhat or you can say greyhat method which i will show you.

    In this method you will not be required to Rank your product and you will be getting 10-100 sale a Day depending on the popularity or demand of the product you select.

    So lets star ... :D

    Requirements :

    • Amazon Seller Account
    • Bank Account
    • Credit Card or any Debit Card accepted by Amazon.
    • Few Bucks to Invest
    • Amazon buyers Account ( Prime Only )
    • Last but not least Brain :p

    Steps to Get Started :

    1. find a hot selling product on amazon which has 1k+ reviews on it . I selected "Apple EarPods with Remote and Mic" when you search iphone earphone you will see the product having 3k++ reviews with best seller badge on the amazon search result. So i will target this product and i don't need to rank for this product cuz its already ranked. i will just list mine below it.
    ijAeIhO.png
    • Now as you can see below in the image the seller is selling it for $7.95 as i am writing this thread. few days ago it was $14, so keep checking the price . Now we will list the same product for $7 under it as shown in the pic below.
    ijAeIhO.png
    ijAeIhO.jpg
    • Now as you can see there are 117 seller selling the same product at different price and the lowest price is $7.95 and its shown on the top of the page . so we will list the same product for $7 and we will be shown in top of the result because lowest price is shown at the top when we click 117 new ;)
    • Now log in to your seller account and add a new product , copy the ASIN of the original product which we are targeting .Now list the same product as shown below in pic.
    ijAeIhO.jpg
    • Now once you have successfully listed the product you will see your listing at the top of the "NEW" for $7 or what ever lowest price you select according to the product price.
    • This product is getting more than 500 sales a day but many buyers are interested to get the same product for cheap price so they will click 'New" to see the sellers selling the same product for cheap price ., so out of 500-1000 buyers you will be getting 20-50 sales a day which i was getting on an average.
    • So lets say you are getting 20 sales a day and you have your buyers address in your seller account where you will be shipping the product , now you just need to buy the same product for them and ship it to their address and add tracking No. .
    • Now the next step is to find the same product for cheap may be for $2-$3 , There are two ways we an get the product for cheap :


    1. Contact a Supplier from aliexpress and ship 100pcs to amazon warehouse , whole sale price can go as low to $2 for 100 pcs.
    2. Find the same product on amazon for cheap lets say for $3=$4 , but make sure its prime eligible ( Free Shipping )

    Elaborating points 1 and 2 :

    1. If you choose to ship 100 or 1k pcs to amazon warehouse @ $2 you will avoid the hassle of shipping because amazon will ship the product for you and will be delivered on time as it will be prime eligible.
    so lets say you get it for $2 + $2 ( shipping fee to ware house and amazon fee) = $4 (Total)
    and you are selling it for $7 so in total you are making $3 profit per sale so if you have 50 sales a day you are making $150/Day from single product.

    2. If you choose to buy the same product from amazon to your customers you need to be prime to get free shipping and Gift wrap option to hide original price . lets say i find the same product for $3 on amazon and its eligible for free shipping , i will buy the same product from amazon for my customer and send it as a gift and hide price.
    If my customer asks for a refund you can easily refund him from your seller account , and get your money back by refunding the same product you purchased for him from amazon . So its safe you will not loose money incase some of your customers opens a refund .

    So now you can add tracking no. and buy products to your customers or ship to warehouse and make some good cash.

    that's it when i was selling the same product i was making $5 profit per sale excluding amazon fee . and i was getting 20-50 sales a day.

    I was having many refunds the ratio was 5:50 , 5 refunds on 50 sales , but i was getting my money back because i purchased the earphones from amazon and when my customer asked for a refund i simply refunded him from my seller acc. and then i opened a refund request from my buyers account from where i purchased the product from him .

    You will be seeing drop in your performance due to refund but you can collect more points by shipping it fast by taking the advantage of prime . and over come performance drop , or you will be needing to wait few days to get the performance bar back to normal .

    You can always twist this method and make more cash out of it .

    Tip:

    Buyers don't care if the product comes a Gift , they are excited to see the product inside .

    Make sure your product lasts for atleast 1mnth and is not damaged to avoid refunds

    Some customers will ask for a refund saying its not the original earphone but you can always tell them they are worth the price you paid or just refund them.

    NOTE: I personally do not encourage anyone to use the same method i did , it might get your account in trouble if your seller performance drops , so use / twist this method at your own risk.

    I hope you liked my Blackhat Method

    Thanks
    Jonny
     
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    Last edited: Oct 21, 2014
  2. SinfulPromotions

    SinfulPromotions BANNED BANNED

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    Not a bad method. I will do some due diligence and look for ways to twist this with my spare time!

    Good job.
     
  3. everythingred

    everythingred Jr. VIP Jr. VIP Premium Member

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  4. jonnyc

    jonnyc Junior Member

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    yeah you can always twist the method , make sure you plan/think before you implement the twist/method
     
  5. jonnyc

    jonnyc Junior Member

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    Yeah it is , i have seen many sellers selling crap on amazon too and hiding 1star bad reviews with 5 star reviews , but atlast they are making millions.

    Aliexpress/alibaba is good if you order in bulk because shipping individual product will empty your pockets ;)
     
    Last edited: Oct 21, 2014
  6. I-marketer

    I-marketer Regular Member

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    Probably not a good method for stable, residual income as your margins will be lowering.
    But to make some quick cash, this would work.
    BTW - I'm curious how much will the prices drop ... now when you shared it publicly...
     
  7. CazuaL

    CazuaL Jr. VIP Jr. VIP Premium Member

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    Buy low, sell high. Method has been around for years.
     
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  8. SEOffensive

    SEOffensive Newbie

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    My recommendation would be to buy a sample first. If you are satisfied with the product quality yourself, your customers will be as well. Just another twist to improve your refund rate ;)
     
  9. SinfulPromotions

    SinfulPromotions BANNED BANNED

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    This is a time old method with a twist... I think that we just unleashed a price war for apple products lol
     
  10. Paper-Boy

    Paper-Boy Elite Member

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    Yeah but this method has its own twist to it.

    @OP, I love the creativity. Keep it up. You definitely demonstrated your out of the box thinking.

    Cheers.
     
  11. CazuaL

    CazuaL Jr. VIP Jr. VIP Premium Member

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    I'm confused, where is this "twist" you speak of?
    All I see is a basic/common method that is coming to the surface once again.
     
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  12. funkybunker

    funkybunker Supreme Member

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    He buys low, sells 'higher' than he paid (of course) but lower than his competitors. I think many people trying to buy low/sell high don't know how high to sell in order to still attract customers and profits. He explained that your price is dictated by the leading seller; always be lower than his price but still make sure you're able to make a ROI.
     
  13. jonnyc

    jonnyc Junior Member

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    I am sure its a good method and have made me 1k of profit in 1 month , if your product is good enough and last atleast for couple of weeks it will work perfect.
    Once someone has cash he/she can think of investing in better things .
    Price can drop as low until you are making a decent profit and the product is good enough to be sold .
     
  14. amplifier#1

    amplifier#1 Newbie

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    Is there anything else that this 3 points

    Find a Hot product
    Find a whole seller, order in bulk
    Keep the price lowest


    so whats the twist or blackhat ? buying products from alibaba ?

    why the customer would not buy it from the seller directly who is selling cheaper than you
     
    Last edited: Oct 22, 2014
  15. jonnyc

    jonnyc Junior Member

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    yeah but this method has been around for years but people find it hard where to buy cheap and are afraid of refunds , also lazy people just read such methods and don't take action . The more you experiment, more you get into the stuff you are working on and at last you master it.

    That's also a good idea , i was thinking the same , but you can start with few sales and check the customers response .

    Original ones are for 28 bucks and i am sure the original seller is also not selling the genuine earphones for 7 bucks , just highlighting sold by Apple doesn't mean its sold by apple

    thanks mate
    Cheers

    Exactly , just few more tips to attract more customers is to get few feedback and stay 100% , buy from amazon so that you can get your refunds back if any , buying products to your customers from amazon will also make the shipping in 2 days ( From Prime Membership )

    Make shipping free and add shipping price to product price , by doing so no one will be charged for shipping if user is prime or regular shipping will be free and you will get the extra shipping money which you have added to product price.

    But if you make shipping $4-$5 and buyer is prime member you won't get shipping money , so its good to make shipping free for every buyer and add shipping $4-$5 to product price.
     
  16. jonnyc

    jonnyc Junior Member

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    Buying the same product which is prime eligible from amazon is twist , by doing so u can send it as a gift and incase anyone asks for refund you can simply refund the product from your buyers account.

    Buying bulk from alibaba avoids hassle of shipping cuz you will ship bulk product to amazon and amazon will ship it out to your customers

    its just because the cheap seller is not on page 1 and don't have 3k + reviews on his product , so many buyers will not find him and won't buy from him due to lack of reviews and product visibility but his product is FBA if you buy the product for your customer from him it will be shipped by amazon within 2 days and you can ask for refund for that if your buyer open a refund
     
    Last edited: Oct 22, 2014
  17. amplifier#1

    amplifier#1 Newbie

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    ok so the twist is saving the shipping and gift wrap price with amazon prime
     
  18. jonnyc

    jonnyc Junior Member

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    yes save shipping money on each purchase
     
  19. CazuaL

    CazuaL Jr. VIP Jr. VIP Premium Member

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    Sounds like common sense to me.
     
  20. solarleaf

    solarleaf Newbie

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    Wow guys, I just took a look at Amazon's listings for "Apple Earpods with Remote and Mic" just to see what OP meant and already the top 7 sellers are undercutting prices and all listed as "Just Launched". Way to go....didn't even bother picking a different product.