Best way to go about removing Chinese competitors on Amazon
Okay I've been making a little money selling my product FBA. I find my product on eBay and craigslist and then I'd send them to Amazon and make some extra change.
Lately this product has been hijacked by counterfeiters from China. I know these are ⊗⊗⊗⊗ because I can only get about 6 a month because the product is discontinued and even when it was in production it was scarce so there's a high demand, and also there's videos all over youtube demoing the ⊗⊗⊗⊗ comparing the real ones to the ⊗⊗⊗⊗ and the ⊗⊗⊗⊗ are significantly inferior.
The chinese are counterfeiting this product and they have 200 of them at a time and prices are going way down and I can't make any money off of this anymore. All of these chinese sellers have "Just launched" instead of feedback and I bookmarked a dozen of them and they will sell 200 items and then drop off the planet and then the negatives start coming in after they are long gone. The problem is these people are dominating the buy box.
I came up with a clever idea to get rid of the counterfeiters. I bought a $25 Visa Gift Card and then I completely cleaned out the chinese sellers by buying up their entire inventory. I made the purchases using bogus information and did it at a public internet place so. The card only had $25 on it so it would decline, however the inventory got tied up in pending and after all the legit sellers that were lowering their prices to compete with the counterfeits got wiped out, I was getting an extra $45 per item.
The Chinese sellers are back and this time they have a limit of only 2 per buyer. My Visa gift card must be black balled from Amazon because everytime I use it under a ⊗⊗⊗⊗ buying account to buy something the ⊗⊗⊗⊗ buying account immediately gets suspended.
What would be the best way to send these chinese sellers packing? Buying all their inventory worked pretty well for a few weeks and my prices went up but I'm stumped on how I can do it with a 2 per limit.
I found a site called www.getcreditcardnumbers.com/ I am wondering what would happen if I created 50 bogus accounts and "bought" the inventory using 50 different bogus credit card numbers. My fear is that I don't want to use a number that happens to be somebody's real credit card number because I'm not trying to scam anybody. I'm trying to get rid of the scammers that are ripping people off selling crap, and I am trying to get the prices up for my items which are authentic.
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