Reselling an iPad Air 2 128GB UPDATE

Another successful sale.  Looks like my turnaround on selling things on Amazon is about two weeks.  90% of that is sending it to Amazon and then Amazon moving it to another warehouse.  The transportation delays are a pain because my items show up as back ordered until it arrives at whatever warehouse they are sending it to.  Generally, it seems once the iPad is not moving around and is in the buy box they sell within a day.

The downside of the two week turnaround is that I am not selling as many things as I would like.  Until I get the hang of this I am only selling one item at a time and generally not looking for another item until I sell the current one.

When I get more confident in this process I will start to sell multiple items at once.

Summary:

  • iPad Air 2 128 GB
  • Purchase Price = $534.99
  • Southwest Points Earned = 535
  • Sale Price = $643.99
  • Fees = $45.36
  • Profit = $63.64

Not bad for less than an hours work.  Earned miles and cash.

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Reselling an iPad Air 2 128GB

I am very encouraged with my recent success selling an iPad on Amazon so when I saw another sale at Best Buy I decided to try again. Here are the details.

  • iPad Air 2 128GB
  • MSRP: $699
  • Purchase Price: $534.99
  • Amazon List Price: $645.59
  • Expected Amazon Fees: $38.38
  • Anticipated Profit: $71.82
  • Points Earned: 534 Southwest points and 534 Best Buy reward points

I am currently trying to meet the minimum spending on my wife’s Southwest card so the purchase was made with that.  After meeting the minimum spend on the Southwest card that will trigger a bonus of 50,000 points.  The minimum spend is $3,000.  The profit from the resale will also offset the cost of the annual fee, $99, which was not waived.

As for the deal itself, how did I get a $699 iPad for $534.99?  It was a combination of taking advantage of a sale, using a 10% off coupon, and redeeming a best buy rewards gift certificate.  You can get Best Buy 10% off coupons at the post office in their change of address packet.

I could have made this deal stronger in a couple of ways.  First, I didn’t use a portal like I did in my last deal.  I totally brain farted that.  In looking back at the portals the deals were not that strong so I didn’t miss out on much.  I would have been kicking myself more if there was a 5% cash back offer.

Second, I could have bought Best Buy gift cards at at discount from Cardpool.com.  The current discount is 6%.  That would have brought my cost down by another $32.   I did contemplate doing that but it would have required me to buy $535 worth of gift cards spread across 8 gift cards.  I have not done that before so was not comfortable with going all in like that.  I think next time I will test it out by buying a couple and seeing how it works.

Fingers crossed this attempt works out as well as the last one.

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Adventures in Reselling, First Success!

This is an update on my second attempt at reselling.  My first attempt did not go so great. The second attempt was a great success.

To recap, I bought a 16GB iPad Air for $244.99 at Best Buy.  I did so through Alaska Airlines’ Mileage Plan shopping mall.  At the time they were offering a 2x bonus at Best Buy so I earned 540 miles on the purchase.  I listed the iPad on Amazon using Fulfilled by Amazon.

I initially listed the iPad at $365.  There were a couple of iPads listed at a lower price but I decided to be a little greedy and hoped those would sell quick and then mine would be next in line.  The iPad ended up sitting for a few days and I grew impatient.  I dropped the price by $10 and it sold within 3 hours of the price drop.  After Amazon’s fees I ended up with a profit of $89.  Not too shabby.

Summary:

  • iPad Air 16GB
  • Purchase Price: $244
  • Sale Price: $355
  • Net to me after fees: $333
  • Profit: $89
  • Miles: 540 Alaska Air miles.

At first blush you may think what’s the big deal, it is only $89 and 540 miles.  True, but the potential is in scalability.  I’m not in the comfort zone yet of buying in bulk and will probably continue to do one at a time for awhile, but imagine this times 5 or 10?

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The Death of Old Portland

In the last week both Portland Monthly and Willamette Week have brought up the topic of the death of Old Portland.  Willamette Week is conducting a poll online about when Old Portland was born and when did it die.  I think it is an interesting question.  Those of us who have been in Portland for 20+ years can feel that there is something different.  What it is different is hard to say.  This is going to be my probably lame attempt at putting a finger on it.

First we have to answer the question of what is Old Portland? Old Portland is hard to explain but this poster about sums it up.

What is the significance of this poster?  Well the guy would be Portland’s former mayor Bud Clark.  He was a bar owner in Goose Hollow who was elected mayor in the mid 80’s. If a picture is worth a thousand words, that poster sums up Old Portland better than anything I could write.  To me it demonstrates a city that is gritty, blue collar, but also likes some of the finer things in life.  The photo was taken in 1978, before Bud Clark was elected mayor but it made him famous and probably helped his bid for mayor.

In 1984 Bud Clark was elected Mayor, Higgins Restaurant opened, and BridgePort Brewing Company opened.  Higgins was one of the first restaurants in Portland that focused on local fresh ingredients and was a seminal restaurant in Portland that started the foodie craze that we all know and love today.  BridgePort was the first craft brewery in Oregon and is a founding father of the craft beer industry.  The confluence of the food, the beer, and the attitude represents to me the birth of Old Portland.

Is Old Portland Dead?

Hand2Mouth seems to think so and will be hosting a funeral with eulogies and all.  I think I tend to lean towards yes and the death was recent.  While I don’t think I can pinpoint Old Portland’s exact death, I am pretty confident that I know when the terminal illness kicked in.

Ok, ok, I don’t think Portlandia killed Portland, but it represents something that did. Portland becoming popular both nationally and internationally.  The popularity combined with the economic recovery and growth in Portland killed Old Portland.

There has been an explosion of growth in parts of Portland.  Portland has become an it thing, which is decidedly not Old Portland.  There are more out of staters moving to Portland, the housing inventory and rental inventory is non-existent and it is pushing Portland into unaffordability.

Is the growth and change in Portland a bad thing?  Well, certainly the traffic sucks a lot more than it used to.  But the answer to that probably depends on who you ask.  The one fight I find to be an entertaining side show is the hipster vs. yipster fight.

Portland has changed, Old Portland is dead, but such is life; cities evolve just like people. No doubt there are cool things to come in the New Portland (MLB anyone??).  But I do miss the Old Portland.

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Ranking Portland Airport’s Restuarants

In recent years PDX has really transformed the food options available at the airport.  They have really taken on the foodie culture that exists in Portland and put it in the airport.  The restaurant options in the airport have been substantially upgraded as a result.  There are now 27 restaurants at PDX, which considering the small size of the airport seems like a lot to me.  With so many options to choose from, lets break them down from the bottom of the barrel to the cream of the crop.

Bottom of the Barrel:  Skip these.  This is the fast food list. There are better options that serve the same type of food and better quality.

  • McDonald’s
  • Burgerville
  • Panda Express

Third Tier:  This is your average standard airport fare.  Not bad, not great, but will fill you up and might be overpriced for what it is.

  • Capers Cafe
  • Mo’s
  • Beaches
  • Beach Shack
  • Henry’s
  • Roses
  • Sandoval’s
  • Tequila Grill

Second Tier:  These are solid choices that would probably be top offerings at most other airports, but not at PDX.

  • Elephant’s Delicatessen
  • MOD
  • Pot Belly
  • Cafe Yum
  • Petite Provence
  • Hissho Sushi
  • Stanford’s

First Tier:  This is the cream of the crop at PDX, these are restaurants that are worth going to outside of PDX.

  • Koi Fusion (Food Cart)
  • Pok Pok (Food Cart)
  • Bro Dogs (Food Cart)
  • Laurelwood
  • Rogue
  • The Country Cat

Left off the list were Starbucks and Coffee People.

 

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