How To Sell Tanked Products For A Profit

Sometimes we make buying mistakes.  It happens to everyone at one time or another.  Too many other people find the great deal to and then the supply rises and the price tanks as everyone is trying to unload inventory.

There are other platforms to sell on besides Amazon and if you are willing to do a little extra work ( your competition probably won’t) you can turn the potential loss into a profit.

Here is a current product that has been tanked and I don’t see a chance that the price will rise anytime soon.  The buy cost for most people was $25 and it is selling for $37, which currently is about $3 profit before inbound shipping ( and there is 47 sellers right now (expect more) )

D’Addario NS Electric Traditional Bass String Set, 3/4 Scale, Medium Tension

Most people thought they could sell for about $100-$125 but Amazon is sitting at $87, so that won’t be happening even if the lowballers are cleared out.

In this video, I show how I would try to turn this potential loss into a profit. ( Warning, this takes a little work )

I have also posted a couple of my older videos on how I have done this in the past myself.

 

Here is an old example of how I did this on one of my buying mistakes

Here is another example of how to beat the race to the bottom by going over seas ( the price did come back on these though) and in this case how to even make more than you could have on Amazon FBA

Don’t Send Anything Into Amazon FBA For The Next Two Weeks

Ok, you can still send somethings into Amazon FBA, but if you have higher ranked, slow moving items, you will benefit from using this little hack to game the long term storage fees assessed by Amazon if you wait until just after Aug 15 to send your items in.

I talk about how this works in the video and I show you how to figure out how much long term storage fees are for your items. You should be looking at sending back or lowering your prices to move out your items ASAP to beat the Aug 15 deadline.

Flipping Penny Textbooks On Amazon

I learned about how to flip textbooks from reading :
Book Sourcing Secrets: Every Source of Cheap Books to Sell for Huge Profits on Amazon

In this video I give you a quick overview of the process that the book explains.

The author of the book also just created a software program to make this easier ( for like $97 a month..yikes!) but you can do this without any software. My explanation probably doesn’t give all the details, book if it is something that clicks with you, you might want to read the book yourself

Here is a post he did on textbooks

http://www.fbamastery.com/textbook-buying-frenzy-starts-today-everything-you-need-to-know/

Book Sourcing Secrets: Every Source of Cheap Books to Sell for Huge Profits on Amazon