Tips For Making Money Selling Online

Using Bitcoin To Get Big Sourcing Discounts On AZ To AZ Flips

Bitcoin and Amazon??

I will admit that this isn’t going to be your normal blog post or even on the radar of 99% the people.

That is ok because we all know that FBA is crowded and the competition is fierce. It is good to be on the fringe of techniques that others don’t know or understand.

Let get on the same page before we get started.


Heard of it? Maybe?

Well it is a real thing.

Lots of people use Bitcoin even if you don’t know it or don’t trust it.


Besides where us FBA people sale our wares, it is one of the biggest retailer/source of products. ( ie, AZ to AZ flips)

Ok you are saying but where are you going with this?

Well I am glad you asked.

Using Bitcoin

Why Use Bitcoin For Sourcing From Amazon?

The simplest answer is the you can buy products on Amazon cheaper with Bitcoin, but there is more to it.

There are people that want Bitcoin and those people have Amazon gift cards that they will sort of exchange for Bitcoin. ( actually they purchase products from Amazon and exchange those for Bitcoin)

It is possible to get a 15%-20% discount off of Amazon products by doing this.

For those that buy discounted gift card, you know that you can never get Amazon gift cards at that kind of discount.

Some of you just called BS on that.

You are saying that there is no way that people are taking 20% less just to exchange Amazon gift cards for Bitcoin.

Well it is true but I don’t claim to know the reasons why.

First, many people want to not leave a paper trail on acquiring Bitcoin for different reasons.

Second, when converting gift cards into cash, you lose a percentage of the value because their are other people taking a cut.

Third, many people don’t have any money invested into the Amazon gift cards ( ie a gift or * other)

Actually this is a good example of the Textbook Arbitrage extension. When you trade in textbooks, you receive Amazon gift cards. You might not want these and want to convert them to Bitcoin to be spent somewhere else ( Maybe you want to pay a Fiverr guy to make you some tee shirt designs. Fiverr takes Bitcoin )

How To Exchange Bitcoin For Discounted Amazon Products

There is actually a website set up to exchange Bitcoin for Amazon products. It is called Purse.

Here is a short video explaining it.

In the simplest terms, you set up a wishlist of products you want to buy ( source) from Amazon and you get to set the discount percentage you want to receive ( no guarantee that you will get it but the average is 20% off)

Then you submit this wish list to Purse and pay with Bitcoin. Then people buy the products and have Amazon ship them to you.

Purse acts as a middleman to make sure it all goes good.

Here is a much more detailed video on how it works

Basically this is almost like buying discounted gift cards that many people already do for RA and OA.

Not trying to suggest people bend rules but here is a hack

This is an easy way to get around Amazon buying limits. For example, say Amazon comes back in stock with the Speak Out game and set a maximum of 2 games per person limit on them. Well you are not buying these, other people are, so you could get 20 people to buy these via Purse and get 40 units of these.

Setting Bitcoin And Purse Up

Here is a great video on how to set up Coinbase

Click here to learn more and sign up for Coinbase.

Click here to learn more about Purse.

Getting Bitcoin Without Buying Bitcoins

As shown in the video for Coinbase, you can exchange your dollars for Bitcoins ( there are small fees involved) but there are other ways to get Bitcoins.

I used the example earlier of the textbook arbitrage but that gets you Amazon gift cards which you them have to exchange for Bitcoins and you will lose a little along the way due to other taking discounts, fees, etc

There are more ways to Bitcoin than trading gift cards. You can sell stuff to get Bitcoins.

On the Purse site, there is an option to sell products and get paid in Bitcoin. ( Think of Amazon returns or restricted products)


There is also another popular site called OpenBazaar where you can sell products without any fees and get paid in Bitcoins. I will admit that this option is for people with advanced computer skills to get it set up.

This would be the perfect place to sell all your AZ returns and restricted items.

You can also accept Bitcoin in your Esty store.

Once again you could sell similar items that you would on eBay on Esty and get paid in Bitcoin.

The big point here is that people can’t spend Bitcoins everywhere that they want to shop so their choices are limited to exchange digital money into physical products, which becomes your selling niche. This means that you have very little competition and can control your prices.

The Secret Sauce Of Bitcoin

First before I go any farther, if you don’t understand Bitcoin and want to know everything possible about it ( like a did) here is the book I read on it

This is a long read and has way more info that you really need.

Bitcoin has a limit of 21 million coins which will all be in the marketplace by 2040. So Bitcoin has a limited supply and it is traded just like other currencies.

What this means is that the value of it changes constantly. In general it is going up, which mean if you sell your Amazon return for $50 worth of Bitcoin, it might have $55 worth of buying power 2 weeks later. ( this is why some people will trade their AZ gift cards for 20% less)

While I personally wouldn’t put my nest egg into Bitcoin, there are good reason to have some money in it and your buying power might increase ( it could go down too) .


Bitcoin is going to be scary to most people but it is actually very safe. These is really not different than buying discounted gift cards and it is just basically AZ to AZ flips. I can almost guarantee your competition is not doing this and most won’t even after reading this.


Options For Dealing With Amazon FBA Box Level Inventory

Box level inventory. Yeah that just left a bad taste in my mouth.

Box level is here and it isn’t going to go away.

We have a few choices.

We can just quit ( that doesn’t pay too well)

We can pay an additional $.15 an item for Amazon to deal with it ( but the cost isn’t the biggest issue with that answer)

We can provide the box level inventory information Amazon requires. ( seems like the most obvious)

Who Is Affected?

Well technically everyone is affected, but honestly in is the smaller RA/OA sellers like me.

People that send in 100’s of different skus at a time.

The bigger sellers doing wholesale and private label really won’t see much from this. They are sending in cases of the same sku and they basically know the box level of that, ie it is all the same product and the same expiration date.

So if you have to send to 3 or 4 warehouses like I do, you are probably feeling the pain too. Not only do you have to sort out your shipment, you now have to tell what went into what box if you send more than one box to a warehouse ( or you aren’t allowed to have 2 or more expiration dates for the same product in the same box)

What Is Box Level Content?

To be upfront, no matter which option you choose, it is more work. You have to know what went in each box ( unless you send everything in one box, which is automatically box level)

Which is best? Well it depends.

Here is a great video showing the basics of what Amazon wants

Options For Dealing With Box Level Inventory

There are paid services.

The 2 biggest are BoxT ( part of Scanpower) and Inventory Labs ( they provide it as part of their basic service)

I have not seen or used BoxT so I can’t say if it works good or not. It currently cost $24 a month.

Inventory Lab

Well first you should be using them for general FBA for the other features they offer but when it comes to the box level, well that is a work in progress.

They did get an option up but it seems that they will be working on it based on feedback from the users.

The big plus on this option is that it is part of the regular package price, so as they work out the bugs, it might be the best choice.

Private Workflow: Entering Box Content Information from InventoryLab on Vimeo.

Here is a work around that you can use if you use the “live” feature to enter in shipments via Inventory Labs.

Basically you start a shipment, start filling up boxes bases on what warehouse they are going to and when a box fills up, you complete that shipment. So in effect, you are shipping one box at a time and don’t have to enter any box level.

Here is a great article on this

Why I Use Live Shipments In Inventory Lab and How they Save me Time

Stop here for a second and look.

If your shipments small and get split up but the split makes the shipment to each warehouse only 1 box, then you don’t have to input box level shipment.

This is a technique that some use a lot. Instead of entering in 1000 skus and making one big shipment, they just enter say 50 skus, stop and make a shipment and then move to the next 100 skus.

This works and doesn’t work. It depends on how Amazon splits up the shipments. This could cost my more in shipping if you get partial boxes going into each warehouse.

Manually Entering In Seller Central

As shown in the great video above, there are a few options on how to enter this into Amazon.

The problem is that you have to have a system to count what went into what box.

( First big hint is to number each box no matter what system you are using. You need to know which is box #1, #2, etc and get the right label on the the right box)

Some people are literally taking a pen and paper and writing down each item they are putting in a box.

OMG, that would take forever on a big shipment. ( this is the issue with box level, it is a time suck for us which takes away the time suck for Amazon)

I took this into my own hands and came up with a system that uses my bar code scanner and Excel ( or Google Drive Sheets or OpenOffice) to basically count the units as I put them into the boxes.

I made this available on Gumroad.

I include the training videos and the Excel sheet that I created as part of the package. ( If you are good with Excel, you can make your own for free)

The last option is to not do box level and have Amazon charge you $.15 an unit. While this might seem like an easy out, it is the worse option.

Not only does Amazon charge you, they basically set your stuff aside and it could takes weeks before they check it in.

The prices of your skus could tank during this time and it could end up costing you way more than the $.15 per item.


Nobody wants to invest more time in prepping and shipping and box level is going to add time. You need to figure out which systems work for you and implement it.