This young Amazon seller is crushing it (free tip)…

by Jordan Malik on Saturday

Jessica Larrew is a young Amazon FBA merchant whose annual sales crush mine.

More important, I just learned something new from her about retail arbitrage.

See, my very popular Blesha guide (‘How to Buy Low on eBay and Sell High on Amazon’) has helped over 1,000 Amazon and eBay sellers make big profits, BUT that guide’s examples (and my selling history) of ‘what to buy’ have been a lot of ‘singular’ items (A collectible toy here, an electronic gadget there, etc.).

See, I never thought some ultra-smart Amazon sellers (like Jessica) were buying lots (multiple quantities) of singular SKUs on eBay and flipping them on Amazon for big – I mean REALLY big – profits.

So, reprinted below (with her permission) is Jessica Larew’s recent blog post on ‘buying lots low on eBay and selling them high on Amazon.’

Disclaimer: A link to buy the Blesha guide is in Jessica’s blog post, but you can learn a lot from the post without buying anything from me or Jessica. I highly recommend you subscribe to her free blog/newsletter as she gives away a ton of valuable tips on selling on Amazon (I’ve learned from her, too).

Jessica’s post follows.

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Using eBay As An Inventory Source For Amazon Flips

by JESSICA LARREW

When I was going through my receipts for 2012 I was reminded of an awesome source of inventory that I have neglected over the last few months.  I am talking about buying on eBay, so that I can resell the items on Amazon.  I purchased at least 50 items on eBay last year that were flipped on Amazon for nice profits.

One of the first items I purchased on eBay to flip on Amazon was an Aveeno face cream.  I had found this discontinued Aveeno cream at Walgreens and bought all that I could.  When I could no longer find them in the store, I started looking online for them.  Eventually I stumbled upon a seller on eBay that had them for just a bit more than I was paying at the store.  They had 140 of them and I bought them all!  I bought them in February and sold my last one in October.  Purchase price $15/each.  Sell Price $45-$55/each.

After that, I saved that item as a search on my eBay app and every time that one gets listed, I get a notification on my phone letting me know there is a new one available.  This particular cream hasn’t come up for sale in more than 6 months, but I still look :)

A more recent bulk eBay purchase was 80 boxes of Benefiber sticks for $10/box.  They were listed as 4 sets of 20 with a BIN (Buy It Now) price.  I bought all 4 listings and QUICKLY flipped these on Amazon for $50/box.

There are currently 40 searches I have saved on my phone for things I have sold in the past that I like to buy on eBay to resell on Amazon.  I no longer get the phone alerts, but I will go through and look every few weeks.  I just haven’t purchased in a while because I have been busy with other things.

It is such an easy way to shop, I need to add it back in to the regular plan.  You get the item delivered right to your door, then just ship it out with your next shipment.

I’m sure you are wondering why this system would work?  There are a ton of reasons why.  One is that people do not always realize there is such a price difference from eBay to Amazon for some things.  Another is that people sometimes make mistakes in their listings, that can cost them a good final price.  If you would like to learn more about this way of buying inventory, there is a really good guide available for just twenty bucks.  It is called B-L-e-S-H-a (Buy Low eBay Sell High Amazon).  I purchased this when it first became available, even thought I had already been using this method.  I learned a few new tricks, so it was worth it to me!  Click here if you would like to get it for yourself :)

 

{ 22 comments… read them below or add one }

Darnell April 27, 2013 at 6:26 pm

Just subscribed to her newsletter. Just when you think you know how big the potential of all this is, someone like Jessica comes along, shows how creativity continues to breed opportunity, and makes you realize the opportunities are endless. Thanks again for your wealth of information Jordan! Be well!

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Jordan Malik April 27, 2013 at 6:32 pm

I agree! I thought i was doing pretty good, then these young’uns come along and inspire me further.

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Jessica April 27, 2013 at 6:41 pm

Hey Jordan. Thanks so much for sharing my post. I must say, we am having such a fun time providing for my family this way! Every month we find new ways to add to the profit potential. It truly is unlimited possibilities!

Darnell thanks for subscribing :)

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Jordan Malik April 27, 2013 at 6:46 pm

You’re welcome, Jessica, and thanks for the inspiration!

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Dani April 27, 2013 at 8:43 pm

@Jordan: thank you for sharing this story with us. Not only is it inspirational but it also reminded me to also share too (see below).
@ Jessica: Congratulations! I too discovered the goldmine that lies in buying lots on eBay and then selling the items individually on Amazon. I even took it a step further, right before eBay got rid of their “Want It Now” section, I used to put up requests in there. I sell primarily in the crafts niche so I would ask for craft items – scrapbooking doo-dads, knitting patterns, sewing patterns, scrapbook paper, acrylic stamps, etc. – and I would ask for them in bulk. I would even state how much I wanted to pay per item. Believe it or not, a lot of the seller on eBay who were much bigger than me and wanted to either leave eBay or cut back on their inventory would respond. That’s how I got a ton of my inventory and the best part was that I set my own purchase price! I still have way more stuff that I haven’t even processed yet for Amazon. Unfortunately, eBay shut down their “Want It Now” category so this not possible anymore. The good thing though is that some of those sellers kept me in their Rolodex(es)(?) and still reach out to me now when they want to sell their inventory in bulk. I tried something similar on craigslist but I wasn’t nearly as successful with this strategy.

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Jordan Malik April 27, 2013 at 9:52 pm

Dani that’s a GREAT story, thank you for posting that. It’s proof that if you want to generate really big profits you have to ‘go where other sellers don’t want to go.’

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Jessica April 28, 2013 at 3:32 am

Dani that is great! Contacts that come back for more later is invaluable for sure.

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Maintenance April 27, 2013 at 10:37 pm

With havin so much content do you ever run into any problems
of plagorism or copyright violation? My site has
a lot of unique content I’ve either written myself or outsourced but it appears a lot of it is popping it up all over the web without my authorization. Do you know any methods to help protect against content from being stolen? I’d really appreciate it.

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Jordan Malik April 28, 2013 at 12:29 pm

I don’t have any experience with that but you get get basic legal advice very inexpensively by asking at http://www.justanswer.com/ .

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Dani April 27, 2013 at 10:47 pm

Thanks Jordan!! :)

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Ann Jamieson April 28, 2013 at 12:17 am

Thanks Jordan! I got so many great ideas from this!!!

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Elon Bomani April 28, 2013 at 2:19 am

I was truly humbled and motivated after checking out Jessica’s year numbers!! She is doing awesome but it is clear that she did it the old fashion way-hard work. I want to be like her when I grow up! lol

Boy, I got my work cut out for me! But I see the vision….300k in one year..yahooo!!!

I have purchased and read your book too. I did find some great deal and acted on them with great results. I got breast shields for $20 on Amazon and sold them for $85 bucks on Amazon-funny.

Also, here is another funny one. I guy must have just started on FBA from the seller merchants division and he listed Harry Potter for .o1. I bought it ( free 2 -day shipping because I have prime) and sold it for $25 bucks. I love it!

So, you can buy high and sell low on Amazon, too….

I will be working closely with E-bay…I am just so hooked on Amazon and having too much fun!

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Jessica April 28, 2013 at 5:27 pm

Elon thank you so much! You are very right, we work hard at this business! But there is nothing better than only having yourself to answer to. Good luck, and I’m sure you will be a big success soon.

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Clayton Hay April 28, 2013 at 11:47 pm

What an inspirational story! Thank you for sharing your success Jessica. Blesha is something I started last year and then got away from it for some reason. Jordan’s book got me thinking about it again. I’ve recently bought several of an item that I had purchased last year on eBay and getting ready to post them on AMZ. It still has the same high margin. Now onto other items.

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Jessica April 29, 2013 at 12:34 am

I don’t know why I stopped either. It is such a great resource!

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Maria April 29, 2013 at 4:14 am

Thank you so very much for this post it is inspiring. Started on AZ about middle of FEb 2013. Have 430 products for sale. sold some products not enough to be satisfactory. I too bought the BLESHA guide but never really used it. I guess I am just to scarred of Ebay. I know this sounds odd but I just can’t find my way around..to me Ebay is like a big spider web.

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MichelleS April 29, 2013 at 4:33 pm

Thank you for sharing your story, Jessica, and thank you for point this out, Jordan. Jessica’s numbers and techniques are definitely inspirational! I love that people are willing to share their successes and help others become successful! And Maria, I understand – I too feel like trying to find profitable products on Ebay can be overwhelming, but it seems that a good alternative is to work on sourcing locally and keep in mind the things you find that sell well, make a list, and do what Jessica mentions, put it as an alert in ebay so it tells you when something comes up for sale that you’re interested in – tah-dah – you’re sourcing on ebay. Good luck all – and Happy Sourcing!

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Shawn May 5, 2013 at 12:35 pm

My question would be, with so much FBA inventory, do you collect Sales Tax for all the states amazon has a warehouse in. Since legally once we ship something to a warehouse in a different stat we now have “Nexus” in that state and therefore are legally “suppose” to collect sales tax and pay that state also.

For small sellers under 20k/year I dont think the states would bother going after you but when you crack the 100-200k mark I wouldn’t be surprised the states come knocking asking for back sales taxes and fees.

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Jordan Malik May 5, 2013 at 12:49 pm

The expert on that is http://thatkat.com

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carolg August 9, 2013 at 10:59 pm

Great article but I felt the “how” to find items and what items to consider looking for was missing and looking for. Still encouraging knowing these possibilities exist.

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Jordan Malik August 10, 2013 at 12:15 am

That level of detail is covered in Jessica’s ebook itself, I highly recommend it.

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Cathleen August 11, 2013 at 4:01 am

Fancy seeing you here Carol. lol I have been doing this for years. Then let it slack some. The past two years have done it more steadily again.

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