Friday, February 13, 2015

Making Abit of Money: Amazon

 
Im sure your not new to Amazon.com!  We've all bought or atleast browsed this site for awesome deals before.  Have ya eve considered using this high traffic site for Money?  Maybe, maybe not.




Well heres the thing.  Its very EASY to sell with them! You just create a seller account and put up your stuff!




College students especially will love this!  Why?  Because you can buy and sell books here and make a profit or just break even!  If your bookstore was like mine then you'll understand the need to break even on a $500 book rather then selling it back to them for like 20 bucks!




Now heres my tips:

Find something small and easy to ship.  Things like books, cards, or jewelry.  DONT attempt to sell things like a couch here!  Why?  Because you have to SHIP the damn thing!  And Post Office aint gonna deliver your poorly packaged old couch most likely!

Find the right price.  You got the item, now consider the shipping price.  On default Amazon gives a shipping price.  (At the moment the price is 4.99 a item.) BUT if this item is bulky or heavy, it might cost MORE then that!  So if to compete your doing $0.01 with 4.99 shipping and the shipping alone is 12 dollars... WOW you just got SCREWED!  So be very aware of these things.

Be Honest.  When saying the condition of a item, be honest.  Don't say its like new when it looks like you dragged it behind your truck for 20 miles!  You'll get a BAD rating (And you DONT want your only rating to be 1 star with a comment of "It was HORRID!  I Wanted to give a -100 stars for this service!").  Better to say its decent condition and be upfront with damage.  It'll save you money in return shipping and help get better ratings!

Be aware of the cut!  Amazon will HAVE a cut!  They give you a preview of the cut but it does go up with the price.  So keep it in mind when planning.  You can always fix the price later to better fit the market!

Don't be the bastard.  Ever notice in pricing and auctions that undercut by ONE PENNY?  Ya.. Don't do it.  You'll look bad to both other sellers and buyers.

Shop around.  Really!  If its something you can sell locally for a better price, then try it!  Your goal is to make some cash and live, not please the internet!

Don't be afraid to not have the lowest price!  Better the item to sit for a month then to actually take a hit on it.  Your goal is this:  "I've had it and used it.  Now I just want to make a few bucks after shipping it."  That means your ONLY goal is to have 1 buck or two to call your own after Amazon takes THEIR cut, plus you have SHIPPED the item, and you have taken care of buying SHIPPING MATERIALS. 







I Hope my tips will help you score a few bucks!  Enjoy and happy savings my random fans!  :D  Till next time!

~Wolf

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