In this Podcast we discuss what we have learned about wholesale sourcing, the “Magic 25” in general and about sourcing & creating “Magic 25” products (wholesale or retail) and selling them in a way that reduces or even eliminates competition! Special Guest: Charlene AndersonLearn how to increase profits and reduce or even eliminate competition! “Magic 25” – a two facet approach! – watch the free video – click HERE.
1 – What’s up with us this week
- Sent shipment out to FBA on Monday! – 4 items sold so far!
- Thrifted with Beth Cherkowsky of Depression Glass Warehouse
- Put up Craigslist Ad for items.
- Went through old sales and found some good product leads and more!
- Headed to Mexico this weekend.
- Son is visiting (FBA allows her to have time to spend with him)
- Finally has 2 vehicles again so Debra can go out thriftin’ whenever she wants!
- FBAManager IS No Longer Recommended.
2 – Flips & Facebook Group
- Adaptec 2930U SCSI PCI Card Kit http://www.amazon.com/gp/product/B0000511NF Paid $25 New Sold $65 – About a week
- Wilton Blues Clues Cake Pan http://www.amazon.com/gp/product/B0000AL9AZ Paid $6 UVG Sold $29.99 – From that batch I sent in last month
- Corning Pyrex Clear Oval Replacement Lid – #F-12 C http://www.amazon.com/gp/product/B008ZFO1M0 Paid $4 UVG Sold $16.48 – sent in Sept of last year
- Michigan-opoly Board Game http://www.amazon.com/gp/product/B002ZZTU72 Paid $4, NEW Sold $31.52, sold in 1 year. Repriced in last couple of months.
- Poetry Workshop for Middle School: Activities That Inspire Meaningful Language Learning http://www.amazon.com/gp/product/0872075176 U-VG, Paid $0.80 at library book sale room, Sold $29.95. Sold in 1 year.
- Simplicity Pattern 7481 Apron Daisy Kingdom http://www.amazon.com/gp/product/B004RQ7IWQ U-VG, Paid $0.50, sold for $29.95 within 5 months.
- Red Baron 3-D Video Game Bought for $4.00 – UVG Sold for $49.97 in 30 days http://www.amazon.com/Red-Baron-3-D-Pc/dp/B00001LCDF
- Bought a Furbie, for $5.00 sold for $139.00 – Older one..NIB
- Bought Theory of Flight [VHS] [VHS Tape] NEW for 50 cents. sold for $19.88 http://www.amazon.com/gp/product/0780626028
- Bought this for 1.00 Pro Band Sports BandIT XM Arm Band, Black sold for 25.00 in 1 week http://www.amazon.com/gp/product/B000BTXJTY
Want to hear about MORE GREAT FLIPS? We share flips often in our free Thrifting for Profit Facebook Group. Come join in the fun!
(note: this is a free group. To sign up just click here, then click on the “join” button and we’ll add you to the group ASAP.)
Topics we’ve been discussing in our Facebook Group this week:
- Selling Plush on Amazon vs. Ebay https://www.facebook.com/groups/thriftingforprofit/permalink/499876786727661/
- Using FBALabels.com – allows you to print individual labels when listing items through regular Seller Central https://www.facebook.com/groups/thriftingforprofit/permalink/493079997407340/
- Inventory Lab listing service + a lot more www.InventoryLab.com https://www.facebook.com/groups/thriftingforprofit/permalink/499223946792945/
3 – Main Topic – Wholesale and “Magic 25” with Charlene Anderson
Today’s special guest is Charlene Anderson – Purveyor of All Things Creative
In addition to being a talented Artist, Charlene Anderson sells jewelry making tools, knitting tools and supplies and other unique items for arts and crafts on Amazon and eBay. Through these products she seeks to communicate her creative artistry and share her vision of art to her customers…and to make money!
Charlene has years of experience shipping items to Amazon and to customers directly. She shares her knowledge with us in this podcast.
- tips on sourcing wholesale.
- Charlene’s recent Amazon EXCLUSIVE deal.
- Backyard opportunities.
- ASP = Average Selling Price (total sales / # of items) – find your ASP in Seller Central reports area (Pro Merchants only).
- General “Magic 25” info.
- Taking “Magic 25” to the next level with product creation (multi-packs and bundles).
- New Guide announcement: Learn how to increase profits and reduce or even eliminate competition! “Magic 25” – a two facet approach! – watch the free video – click HERE.
- We had a Free giveaway on the Live podcast – congrats to Cathy J., Liz G. and Charmaine S. who won copies of the “Magic 25 Course”
Other Links & Resources:
- Our FREE Facebook Group: http://www.facebook.com/groups/thriftingforprofit/ – click on the “Join” button and we’ll add you to the group ASAP!
- Freebies & Guides from Debra & Beth to help you with your Amazon FBA business! http://thriftingforprofit.com/freebies-guides/
- Our Recommended Resources can be found here: http://thriftingforprofit.com/recommended-resources/
Next week’s show….We will be talking with Rob Anderson about Dead Tech and Niche Books. Rob is a wealth of information and full of great ideas and tips.
You can find Rob Anderson at www.DollarMoves.com
Listen live to the show Fridays, 2pm ET at http://thriftingforprofit.com/listen