Todays topic is all about buying media items in bulk to resell on Amazon.
Now before we get into the main meat of the article there is nothing wrong in buying smaller amounts of items from thrift stores / charity shops or car boot / estate sales. And I do this on a regular basis. I have a list of must buy if seen titles and as long as they are in very good condition and priced to sell I will buy.
As a side note when you start to buy CDs and have decided that this is something you want to build into your business it is a good idea to buy a supply of cd cases – single, double, triple disc ones. The reason is you will find loads of good cds with great ranking and profit potential but the case is damaged. All you do is bring it home pop the case and put the disc in its new home with the inserts and artwork.
You will come across job lots of cds on a regular basis and you will see listings on sites such as CraigsList, Gumtree, eBay, local papers, estate sales, garage sales and from flyers you put out.
The first rule is when answering an advert never ever mention price, or what you are prepared to pay. Of course you are looking to buy at the cheapest amount possible. Remember you are doing the person you are buying from a favour, you are taking their unwanted items from them and giving them cash. And most people are happy to take what you offer. But you must see the cds either in person or if buying off eBay from pictures.
As with a lot of media items you need to stay away from CD of the month club type deals as these are not worth anything in general – yes there are times when some do sell but in general stay away.
When you go and see the items scan with your eyes and workout how many there are in total and also ask the people for a rough number – sometimes some sellers who are collectors will have a list they will email you – this is wonderful as you can take random titles and see what they are selling for on Amazon.
Once you have scanned with your eyes, take a random selection and just scan the bar code with your phone and using either the Amazon app, Profitbandit or ScanPower see what price they are selling for and how many other sellers there are. Do not take too long on this as time is money, and you buy low.
Another tip you must do again taking a random selection, just open the cds and see what condition the artwork and cd is in. If they look good condition then chances are other will be. Just take several out of different piles, say top, bottom, middle etc
When I buy bulk CDs I tend to pay around 10p / 10c a Cd sometimes less and sometimes a bit more, but know your top price and do not go over this. Start low with the offer and see what seller says, they might say yes fine. Others might say thats a bit low how about XYZ you counter offer and see what happens you normally meet in middle.
Now when you get home you will find some the CDs are just rubbish, A few have no artwork or inserts, a few too cheap on Amazon and the rest are fine. List the bulk of them on Amazon and get them sent into FBA as soon as you can.
With the ones that just not worth selling on Amazon, pop into bundles and sell on eBay as lots. When I have done this often the job lots pay for the whole bulk lot and that means profit all the way.
Start small, and once you have bought several smaller bundles of CDs to sell on Amazon you will soon be buying bigger and bigger lots. have fun.