12 Items You Can Source Locally and Sell for BIG Profits ... · Hi, Online Sellers. Thanks so much...

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http://www.HonestOnlineSelling.com 's 12 Items You Can Source Locally and Sell for BIG Profits on Amazon by J.B. Malik, Founder HonestOnlineSelling.com © 2010 Malik Enterprises, d/b/a HonestOnlineSelling.com. Version 1.0.1 Questions/Comments: Contact [email protected]

Transcript of 12 Items You Can Source Locally and Sell for BIG Profits ... · Hi, Online Sellers. Thanks so much...

Page 1: 12 Items You Can Source Locally and Sell for BIG Profits ... · Hi, Online Sellers. Thanks so much for buying my guide. I've been selling on Amazon (via the FBA program) for over

http://www.HonestOnlineSelling.com's

12 Items You Can Source Locally and Sell for BIG Profits on Amazon

by J.B. Malik, Founder

HonestOnlineSelling.com

© 2010 Malik Enterprises, d/b/a HonestOnlineSelling.com. Version 1.0.1

Questions/Comments: Contact [email protected]

Page 2: 12 Items You Can Source Locally and Sell for BIG Profits ... · Hi, Online Sellers. Thanks so much for buying my guide. I've been selling on Amazon (via the FBA program) for over

DISCLAIMERS

All information herein is based on an Amazon FBA Pro Merchant's experience in procurement and selling of products. YOUR RESULTS and EXPERIENCES MAY VARY.

HonestOnlineSelling.com and Malik Enterprises do not make any representations or claims of profitability and/or success by sourcing products and selling them online. Your chance of profitability and/or success depends on a number of factors, including, but not limited to, your experience, prices of inventory purchased, supply of available inventory, your systems and software which support your business, and factors that are outside the realm of the seller's control (i.e. product demand, integrity of software and/or Internet services, etc.)

HonestOnlineSelling.com and Malik Enterprises are not responsible for any misrepresentation of data contained in this report.

This document may not be redistributed, or copied in any form (in whole or in part) without explicit permission from author.

Questions/Comments: Contact [email protected]

Page 3: 12 Items You Can Source Locally and Sell for BIG Profits ... · Hi, Online Sellers. Thanks so much for buying my guide. I've been selling on Amazon (via the FBA program) for over

Hi, Online Sellers.

Thanks so much for buying my guide.

I've been selling on Amazon (via the FBA program) for over 1 year now (And I've been a 'regular' Amazon seller for 3+ years, and an eBay Seller for 11+ years), and I've discovered the MOST UNUSUAL items can fetch BIG profits when you sell them on Amazon.

When I say 'UNUSUAL', I mean these are items that may sit on a local thrift store's shelf for weeks, priced at $1 to $3. So in the 'local' market, they're a dud.

But on AMAZON, these items are a 'hit' and can sell up to 500% or more of the thrift store's price (or the price at a local yard sale, or via craigslist in your town, or from your friend, etc.)

WHY DO THESE ITEMS COST SO LITTLE TO BUY LOCALLY, YET SELL FOR SUCH HIGH PRICES on AMAZON? … Three Reasons:

FIRST, supply, demand and pricing of goods at a SINGLE LOCAL location has very little (or nothing) to do with THE REST OF THE WORLD's supply, demand and pricing of goods. Example: An ice cold bottle of coke priced at a nickel can sit at a convenience store in Antarctica all year, but if you price it at $2.50 and put it in a store in Martha's Vineyard in the middle of July, chances are someone is gonna buy it, and pronto.

SECOND, smart FBA Sellers take advantage of the “Johnny's Gotta Have It” factor when they source items to sell. I'll explain. Most of the items listed in this guide are games and toys that were MASS PRODUCED and SOLD in MASS QUANTITIES a few years ago, but today you can't find them in any 'regular' store, because that's how most toy companies work. They discontinue most toys and games after a couple years.

So if Johnny goes over Stevie's house and sees Stevie's Stealth Launch Batmobile (see page 11), well Johnny's gonna want one too. So Johnny goes home and bugs the bejeezus out of his parents for it. But guess what? The Stealth Launch Batmobile has not been stocked in the Local ToysRus since 2008.

This leaves Johnny's parents with no other choice but to buy the item online. Even if they can get it USED, Johnny will be happy. And – presto – there it is, on Amazon, a little pricey but backed by a full money-back guarantee AND it can be shipped overnight. WOW. Johnny's happy, and Johnny's parents are elated.

THIRD, the LOCAL sellers of these items (the thrift store owners and such) are going to keep their prices LOW because they're serving LOCAL Customers. This is GREAT news for us FBA Sellers! Let me explain: If a local store owner prices a used Mall Madness game (see page 3) for $40 'just because they saw it on Amazon for $40', well a local customer who needs to buy a game - ANY game - for Little Suzie is going to take one look at the price and puke on their way out the door. And that's bad business for the LOCAL seller. They need to price their goods low enough so the AVERAGE customer walking in the door (who, chances are, is not like YOU scouting for stuff to sell on Amazon) can buy something.

So that's what this guide is for. It shows you JUST A FRACTION of the products that are HOT SELLERS on Amazon that you can buy CHEAPLY locally (or in some cases, on eBay).

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Page 4: 12 Items You Can Source Locally and Sell for BIG Profits ... · Hi, Online Sellers. Thanks so much for buying my guide. I've been selling on Amazon (via the FBA program) for over

Two things before we get started:

1. If you're already a subscriber to HonestOnlineSelling.com's FREE Newsletter, THANK YOU. If you're not, please go to HonestOnlineSelling.com to sign up. And please tell a friend!

2. If you've never sold on Amazon before, but you're considering it, start here (link opens a web page). You don't need to buy anything mentioned there, just view the video and the links below it so you know what to do to start selling on Amazon.

That's it.

Do Great Stuff!

Jordan “J.B”. MalikFounder, http://www.HonestOnlineSelling.com Content Editor, http://www.MySilentTeam.comAmazon.com FBA Pro Merchant (Seller ID: Honest Online SellingeBay Top Seller (Seller IDs: Member11756jm, JordansAutoAccessories, JordansEurope, GlanternCostumes)

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Page 5: 12 Items You Can Source Locally and Sell for BIG Profits ... · Hi, Online Sellers. Thanks so much for buying my guide. I've been selling on Amazon (via the FBA program) for over

PRODUCT: Mall Madness GameAMAZON ASIN: B000050B3I (Click to see AMZ Listing – Browser will open)WHERE TO FIND IT: > Thrift Stores

> Post a FREE Craigslist.com 'items wanted' ad> Post a FREE Freecycle.org 'items wanted' ad> Yard Sales > Estate Sales> eBay (typically sold on eBay for ½ the price you can get for it on Amazon)

What to Pay $: $5 to $15Est. AMZ Selling $: $25 to $40 and up (double if 'New'); more during holidaysEst. Profit Margin: 80% to 150%TIPS: This game has a LOT of pieces but don't let that deter you. Electronic

'base' is rugged and reliable, so you don't have to worry about it flaking out. Buy a 'junk' set so you have extra pieces. The more complete your game is, the more you can brag about it in your AMZ listing,and thus you can get a higher selling price. Recommend using FBA (not storing it yourself) since item is rather heavy (=higher shipping charges for you).

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PRODUCT: Fisher Price Ocean Wonders AquariumAMAZON ASIN: B000NW5RWQ (Click to see AMZ listing – Browser will open)WHERE TO FIND IT: > Thrift Stores

> Post a FREE Craigslist.com 'items wanted' ad> Post a FREE Freecycle.org 'items wanted' ad> Yard Sales > Estate Sales> Your Friends whose kids have outgrown it.

What to Pay $: $5 to $10Est. AMZ Selling $: $25 to $60 and up; (double to triple if 'new') more during holidaysEst. Profit Margin: 100% to 200%+TIPS: This soother has the 'big fish' that wiggles, in the center. Your find will

most likely NOT have the remote, but these are still hot with or without the remote. Put in Fresh batteries, clean it thoroughly with Goo Gone and/or a household cleaner, wrap it in clear wrap and state all of the above when listing on Amazon. Recommend selling via FBA (not storing it yourself) since item is rather heavy (=higher shipping charges for you.)

IMPORTANT: Amazon says, in its seller policy, “Baby Products are only eligible to be listed in New condition.” BUT it is contradicting its policy because sellers have been able to list items like this Ocean Aquarium (and LOTS of other Baby toys) in 'Collectible' Condition for years now. So exercise caution, and if you DO list Baby Products, use some discretion – clean up the baby puke on items like this one, and for chrissakes don't sell a pre-chewed teether or used clothes or anything. I'm not saying Amazon will never penalize you for selling a used Baby Item like this Aquarium – I'm just saying it has not happened to me or, to my knowledge, another honest seller to date.

ALSO IMPORTANT: Orders fulfilled BY Amazon (this means you, if you're an FBA Seller) are eligible for Amazon's 365-day return policy. So in other words, if you buy this item, and ship it to Amazon as your FBA inventory, a buyer of your item has 365 days to return it. This 365-day-return policy applies to ALL BABY ITEMS SHIPPED FROM AMAZON. I have seen other FBA sellers completely wig out over this policy, but if you sell (say) 20 of these over a year, I don't think more than 1 to 2 buyers will return these, if at all.

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PRODUCT: Fisher Price Ocean Wonders Musical Aquarium Crib AttachmentAMAZON ASIN: B0007WWZKY (Click to see AMZ listing – Browser will open)WHERE TO FIND IT: > Thrift Stores

> Post a FREE Craigslist.com 'items wanted' ad> Post a FREE Freecycle.org 'items wanted' ad> Yard Sales > Estate Sales> Your Friends whose kids have outgrown it. Typically people throw these out, can you believe it?

What to Pay $: $5.00Est. AMZ Selling $: $20 to $50 and up; (double if 'new') more during holidaysEst. Profit Margin: 100% to 200%+TIPS: This soother has a BULKY battery pack that attaches to the back of the

unit (unusual). Do not buy it if it is MISSING the battery pack. This one is distinguished from other soothers in that it has the 'red crab handle' on the bottom middle of the face. Put in Fresh batteries, clean it thoroughly with Goo Gone and/or a household cleaner, wrap it in clear wrap and state all of the above when listing on Amazon. Recommend selling via FBA (not storing it yourself) since item is rather heavy (=higher shipping charges for you.)"

IMPORTANT: Amazon says, in its seller policy, “Baby Products are only eligible to be listed in New condition.” BUT it is contradicting its policy because sellers have been able to list items like this Ocean Aquarium (and LOTS of other Baby toys) in 'Collectible' Condition for years now. So exercise caution, and if you DO list Baby Products, use some discretion – clean up the baby puke on items like this one, and for chrissakes don't sell a pre-chewed teether or used clothes or anything. I'm not saying Amazon will never penalize you for selling a used Baby Item like this Aquarium – I'm just saying it has not happened to me or, to my knowledge, another honest seller to date.

ALSO IMPORTANT: Orders fulfilled BY Amazon (this means you, if you're an FBA Seller) are eligible for Amazon's 365-day return policy. So in other words, if you buy this item, and ship it to Amazon as your FBA inventory, a buyer of your item has 365 days to return it. This 365-day-return policy applies to ALL BABY ITEMS SHIPPED FROM AMAZON. I have seen other FBA sellers completely wig out over this policy, but if you sell (say) 20 of these over a year, I don't think more than 1 to 2 buyers will return these, if at all.

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Page 8: 12 Items You Can Source Locally and Sell for BIG Profits ... · Hi, Online Sellers. Thanks so much for buying my guide. I've been selling on Amazon (via the FBA program) for over

PRODUCT: Leapfrog Explorer Smart GlobeAMAZON ASIN: B00005BYPA (Click to see AMZ listing – Browser will open)WHERE TO FIND IT: > Thrift Stores

> Post a FREE Craigslist.com 'items wanted' ad> Post a FREE Freecycle.org 'items wanted' ad> Yard Sales > Estate Sales> eBay (typically sold on eBay for ½ the price you can get on Amazon)

What to Pay $: $10 to $40 locally; $50 on eBay Est. AMZ Selling $: $80 to $120 and up (double if 'new'); more during holidaysEst. Profit Margin: 100% to 300%+TIPS: I believe Leap stopped making these a few years ago and their

popularity is HUGE. Learning Leap/Leapfrog has a hard core following of adult and children 'fans' who froth at the mouth for their products.

Put in Fresh batteries and package it well for Amazon FBA or store/ship it yourself to an Amazon buyer.

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Page 9: 12 Items You Can Source Locally and Sell for BIG Profits ... · Hi, Online Sellers. Thanks so much for buying my guide. I've been selling on Amazon (via the FBA program) for over

PRODUCT: Leapfrog Junior Explorer GlobeAMAZON ASIN: B000062XQ7 (Click to see AMZ listing – Browser will open)WHERE TO FIND IT: > Thrift Stores

> Post a FREE Craigslist.com 'items wanted' ad> Post a FREE Freecycle.org 'items wanted' ad> Yard Sales > Estate Sales> eBay (typically sold on eBay for ½ the price you can get on Amazon)

What to Pay $: $10 locally; $20 on eBay (+/- based on condition)Est. AMZ Selling $: $20 to $40 and up (double if 'new'); more during holidaysEst. Profit Margin: 50% to 100%TIPS: Just like the previous item (Leapfrog Explorer Smart Globe): I believe

Leap stopped making these a few years ago and their popularity is HUGE. Learning Leap/Leapfrog has a hard core following of adult and children 'fans' who froth at the mouth for their products.

Put in Fresh batteries and package it well for Amazon FBA or store/ship it yourself to an Amazon buyer.

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Page 10: 12 Items You Can Source Locally and Sell for BIG Profits ... · Hi, Online Sellers. Thanks so much for buying my guide. I've been selling on Amazon (via the FBA program) for over

PRODUCT: Cranium Cariboo GameAMAZON ASIN: B000063XO3 (Click to see AMZ listing – Browser will open)WHERE TO FIND IT: > Thrift Stores

> Post a FREE Craigslist.com 'items wanted' ad> Post a FREE Freecycle.org 'items wanted' ad> Yard Sales > Estate Sales> Your Friends whose kids have outgrown it

What to Pay $: $5 to $10 (+/- based on condition)Est. AMZ Selling $: $20 to $40 and up (double if 'new'); more during holidaysEst. Profit Margin: 100% to 300%+TIPS: Cranium stopped making this game a few years ago yet it is still

HUGELY popular. It is a very basic game but kids LOVE it because of its 'magical' qualities (I'd explain it more, but it's better if you see it yourself). Drawbacks on used ones is sometimes it's missing a piece or two, so make sure you buy a 'junk' one for extra pieces if you need it.

No batteries required for this game.

Recommend selling this via FBA (not storing it yourself) because shipping charges to buyer can be high (item is heavy).

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Page 11: 12 Items You Can Source Locally and Sell for BIG Profits ... · Hi, Online Sellers. Thanks so much for buying my guide. I've been selling on Amazon (via the FBA program) for over

PRODUCT: Cranium Balloon Lagoon GameAMAZON ASIN: B0001NE85Y (Click to see AMZ listing – Browser will open)WHERE TO FIND IT: > Thrift Stores

> Post a FREE Craigslist.com 'items wanted' ad> Post a FREE Freecycle.org 'items wanted' ad> Yard Sales > Estate Sales> Your Friends whose kids have outgrown it

What to Pay $: $5 to $10 (+/- based on condition)Est. AMZ Selling $: $15 to $40 and up (double if 'new'); more during holidaysEst. Profit Margin: 75% to 200%+TIPS: Cranium stopped making this game a few years ago and it is HUGELY

popular. A drawback on the sell-ability of these used games is that sometimes it's missing a few pieces, so make sure you buy a 'junk' one for extra pieces if you need them.

Recommended for selling via FBA as shipping costs will be high if you ship it yourself (heavy item)

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Page 12: 12 Items You Can Source Locally and Sell for BIG Profits ... · Hi, Online Sellers. Thanks so much for buying my guide. I've been selling on Amazon (via the FBA program) for over

PRODUCT: Cranium Hullaballoo GameAMAZON ASIN: B00008MIGQ (Click to see AMZ listing – Browser will open)WHERE TO FIND IT: > Thrift Stores

> Post a FREE Craigslist.com 'items wanted' ad> Post a FREE Freecycle.org 'items wanted' ad> Yard Sales > Estate Sales> Your Friends whose kids have outgrown it

What to Pay $: $5 (+/- based on condition)Est. AMZ Selling $: $15 to $30; more during holidaysEst. Profit Margin: 75% to 200%TIPS: Another hit game by Cranium Comes with several little 'pads' that you

place on the floor (kids jump on them) and a 'speaker' unit. Be sure to put in fresh batteries and mention that in your Amazon/FBA Listing.

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Page 13: 12 Items You Can Source Locally and Sell for BIG Profits ... · Hi, Online Sellers. Thanks so much for buying my guide. I've been selling on Amazon (via the FBA program) for over

PRODUCT: Mattel Stealth Launch BatmobileAMAZON ASIN: B000W60EP8 (Click to see AMZ listing – Browser will open)WHERE TO FIND IT: > Post a FREE Craigslist.com 'items wanted' ad

> Post a FREE Freecycle.org 'items wanted' ad> eBay (typically sold on eBay for ½ the price you can get on Amazon)>Your Friends whose kids have outgrown it

What to Pay $: $10 to $25; double if 'new'Est. AMZ Selling $: $35 to $70 and up (50% more if 'new'); more during holidaysEst. Profit Margin: 75% to 125%TIPS: Released in 2008 and still HUGELY popular, and hard to find (unless

you're 'in the know' of how and where to find them – like right now!)

Used ones are typically missing the little 'red' missiles, but that's ok because collectors still want it.

The toy 'feels' chintzy but I've only seen 1 or 2 (out of 25 that I've sold 'used') break. Whether you ship this to Amazon's FBA warehouses, or ship it direct yourself, be sure to wrap the entire toy in plastic bubble wrap to protect it."

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Page 14: 12 Items You Can Source Locally and Sell for BIG Profits ... · Hi, Online Sellers. Thanks so much for buying my guide. I've been selling on Amazon (via the FBA program) for over

PRODUCT: 'Guess Where' Board GameAMAZON ASIN: B0001IA7N6 (Click to see AMZ listing – Browser will open)WHERE TO FIND IT: > Thrift Stores

> Post a FREE Craigslist.com 'items wanted' ad> Post a FREE Freecycle.org 'items wanted' ad> Yard Sales > Estate Sales> Your Friends whose kids have outgrown it

What to Pay $: $1 to $5 (+/- based on condition)Est. AMZ Selling $: $20 to $40 and up (double or triple if 'new'); more during holidaysEst. Profit Margin: 200% to 400%+TIPS: I call this game a 'sleeper' because one look at the game and you'll go

“THIS piece of Junk?” There's not much to it and I have no idea why it's so wildly popular and commands the price it gets on Amazon.

This game has 32 or so small pieces, so check it out before you buy. Make sure you buy a 'junk' one for extra pieces if you need them. Relatively light so you can sell via FBA or store/ship it yourself.

No batteries required for this game

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Page 15: 12 Items You Can Source Locally and Sell for BIG Profits ... · Hi, Online Sellers. Thanks so much for buying my guide. I've been selling on Amazon (via the FBA program) for over

PRODUCT: 'Operation: Brain Surgery' GameAMAZON ASIN: B00005YXXZ (Click to see AMZ listing – Browser will open)WHERE TO FIND IT: > Thrift Stores

> Post a FREE Craigslist.com 'items wanted' ad> Post a FREE Freecycle.org 'items wanted' ad> Yard Sales > Estate Sales> Your Friends whose kids have outgrown it

What to Pay $: $5 (+/- based on condition)Est. AMZ Selling $: $20 to $40 and up (double or triple if 'new'); more during holidaysEst. Profit Margin: 100% to 400%+TIPS: Game has about 25 to 30 pieces/game cards in total, so make sure you

check it out before buying. Nose on 'man' lights up and he 'talks', history is that the toy is rugged and rarely 'flakes out'. Be sure to put in fresh batteries and mention that in your Amazon/FBA listing

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Page 16: 12 Items You Can Source Locally and Sell for BIG Profits ... · Hi, Online Sellers. Thanks so much for buying my guide. I've been selling on Amazon (via the FBA program) for over

PRODUCT: Electronic 'PICTIONARY MAN' GameAMAZON ASIN: B001446E4W (Click to see AMZ listing – Browser will open)WHERE TO FIND IT: > Thrift Stores

> Post a FREE Craigslist.com 'items wanted' ad> Post a FREE Freecycle.org 'items wanted' ad> Yard Sales > Estate Sales> Your Friends whose kids have outgrown it

What to Pay $: $5 (+/- based on condition)Est. AMZ Selling $: $12 to $20 and up; more during holidaysEst. Profit Margin: 100% to 200%+TIPS: A 'modernized', hugely popular version of the original Pictionary man.

Takes batteries, so make sure you put in new ones and mention that in your FBA listing. Also comes with marker so make sure that marker works (an erase board marker works just fine, if you need to replace it.) Harder to find because it's been 'replaced' by 'Electronic Pictionary Man Junior' and 'Pictionary Man Game to Go'.

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Page 17: 12 Items You Can Source Locally and Sell for BIG Profits ... · Hi, Online Sellers. Thanks so much for buying my guide. I've been selling on Amazon (via the FBA program) for over

BONUS TIPS To Improve Your 'FBA EFFICIENCY'

These are some online tools (and equipment) I use to help make my FBA business more efficient. These aren't required required for your success as an FBA seller, but you will find they will make your job a LOT easier AND free up TONS of time.

Repriceit.com: Cost: Free Trial (30 days); then $9.95 and up per month (price varies according to how many items you're repricing).Description: Many FBA sellers debate over the pros/cons of always being the 'lowest price' offer (among competing sellers. I happen to be in the 'benefit' camp for most of my items. Within reason, I want to be offering the lowest total price (or one of the lowest). Repriceit.com does this for me – across all or some of my amazon inventory (FBA or self-stored/shipped). (As opposed to me manually changing my pricing). I can set Repriceit.com to reprice my items daily or once a week. I can exclude certain items I don't want repriced. I can also reprice items that have competing offers just in 'my' item's condition. You get the gist, it's highly customizable

FBAPower.comCost: Free Trial (14 days); then $39.95 per month.Description: If you're still manually typing in your book/media/toys individual UPC code and then creating your description, you know what a HUGE time-suck it is. FBAPower automates all the manual entry of UPC codes and descriptions (you will need a retail scanner and label printer – see below). Or, in FBAPower's words, “FBAPower gives you back your time. It allows you to completely bypass the listing, conversion, and batch labeling of your books and media items being sent to FBA.

BEFORE FBAPower, it took me 8 hours to sort, enter UPC codes, write descriptions, then label 200 books. Now with FBAPower, it takes me 2 hours, 3.5 hours max.

You will need a retail scanner (that will scan the UPC Code on your item) and a Label printer (that will spit out the label for each item as you process it). I use (and recommend) these:

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