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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