My Amazon Challenge Part 1

How many times have you logged onto Amazon and seen the following message, sell you old purchases from Amazon and make………. Have you ever done this? Amazons market place is where you can sell products in several different categories so you can list your entire eBay inventory and sell it on Amazon.

 

There are two different kinds of accounts:

 

Individual trading account as its name suggests and

Pro seller account which is for sellers selling more than 35 items per month

 

There are several advantages to selling on Amazon; firstly you ally yourself with one of the best known global brands, Amazon does not have the flea market image that eBay has. You do not have to pay to list an item you only pay a fee when the item sells, and your postal charges are worked out by Amazon for you. Now you are unlikely to make money from your paperback collection so we need to look at a niche market that gives us more potential.

 

Academic, specialist and hobby books are a superb source of stock, these can be picked up very cheaply (often for pennies) in charity shops simply because they have no perceived value. Use the ISBN number to search Amazon to see if the item you have found has a resale value. During the summer I am looking for lots of low cost ways to setup new income streams that I can test out.

 

So here is my challenge, I intend to invest £10 in buying books and reselling them on Amazon to see if I can get a return in these niche markets. I will post my progress during this trial; sign up on my blog to get my weekly newsletter.

 

See you soon

 

Rob