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.
Using eBay As An Inventory Source For Amazon Flips
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