I wrote this article a while back – when most of my inventory included products I purchased from the big box stores. I don’t feel the “need” to dump products much now – because I scout for better products with little or no competition on Amazon.
The original article is below – I think this is important information for you to keep in your head, when you are shopping the big box stores for inventory:
Dump your product – Gasp!
I’ve done this… just because I have run out of patience for a product (products) to sell. I know we all all supposed to hold true to our pricing strategies but sometimes another seller or even Amazon will get in the way.
I purchased a bunch of little toys – knowing the numbers looked good!
Then… grrrr… I look at the numbers again “After” they have reached Amazon’s warehouse and are now up for sale. The numbers just will NOT add up.
What has happened? Another seller – or even Amazon – has found the same products for really cheap and can sell them (for a profit I assume) for far cheaper than I can. This is not a huge problem if you can wait them out and then sell yours… unless:
They have 300+ in inventory or some ridiculous number.
Most of the time – you Can and Should wait it out… but I haven’t been able to do that on a few things…
And Then Amazon Kicks My Butt
I’ve have a product that is “costume” related – it could be sold as a Christmas gift as well. I’ve been patiently waiting for Amazon to sell out so I would be next in line. They would show 10 in stock – then 6, then 3, then 1 – I’m thinking WooHoo I’m next!
Nope… it’s Amazon has 10 in stock again. This happened over and over. grrrr… I just marked ’em down to quit playing the game.
The idea that I will have some “funds” now to spend on other things is what makes this all okay in my head. I could be wrong… but that’s my story and I’m stickin’ to it for now.
“The money is made in the sourcing, not the shipping”… Always Be Sourcing!