Re: Amazon success stories?
The easy money is over,it was over long long time ago on both Ebay,AMZN.
Dropshipping or rather retail arbitrage of listing AMZN items on Ebay and make AMZN ship to your 'friend' was a big hit,like every thing else,the early birds made a small fortune but now it is banned on both sites.
The ones who are still selling on EBay and making a slimmer profit know what sells and where to find them,they will attend liguidations,estate auctions,garage sales,locker/storage auctions,many jewelry and local retail shops have folded and if you have the working capital,buy their remaining inventory .
Buy low and sell high is the secret of survival in ecommerce.
Several years ago,there is this article on two AMZN third party sellers which only exist on AMZN ,they go after WMT or any large brick and mortar stores closing ,you know WMT always have lower prices as they often wrestle more discount from their suppliers,so when they are closing their superstores,you can find things at 35-75% discount and the beauty is you are saving on shipping when you order from many wholesalers or distributors,one will show up with a $100,000 bank draft and 2 staff with an Uhaul,they buy dvds,toothpaste,teeth whitener kits,kitchen ware,cosmetics,small appliances and list them on AMZN.
Another was a party of 3,man with brother in law and mother in law with a station wagon,they hauled away $30k worth of goods and list them on AMZN.
Both expect 100% gross profit margin.
Start out small,buy what is out of season like Halloween masks and costumes,XMas and Valentine gifts,these days people are looking to save money,if you have a HOME DEPOT credit card,it sends you coupons monthly and you can sell them on Ebay,even grocery store coupons can be sold -SBUX,KR,Albertson,restaurants gift cards.
Costco members used to buy batteries in large quantity,break them up and sell them on Ebay.same goes with ink cartridge.
Some will go to HD,L,BBY and browse thru the returns,slightly damaged (outside box) items,even local retail stores are willing to give you a 20% discount if you are going to resell their items.
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