Tuesday, April 26, 2016

Turnover Tuesdays - I Just Destroyed Some Inventory and I Liked It

For those who are not familiar, I started a series a while back called Turnover Tuesdays. Every Tuesday I like to highlight one item that I have resold. This will include profitable and non profitable sales. I hope that there is always something to learn.




Monday, April 25, 2016

Target Removes 5% RedCard Discount on 3rd Party Gift Cards

For a long time, it was possible to buy 3rd party gift cards from Target.com on your RedCard and get a 5% discount. This was great for hard to find discounted gift cards like eBay though some got banned from buying anything from Target for buying these discounted gcs.


With the increased limits on eBay Gift Cards usage in place, it has been even harder to find discounted eBay gift cards and this will only make it harder to find on Raise.  I think you will see a lot of eBay gift cards selling for 0% or .01% off on eBay as the demand increases and supply cannot keep up.

Best Options Now



Your best options now are to either

1) Buy from Gyft with a Chase Ink card via PayPal to earn 5x Ultimate Rewards points.  The advantage is you can buy larger denominations this way (up to $500).  There are reports of bans for buying too much from Gyft buy others seem to be able to buy tens of thousands of dollars without a problem.  Buyer beware.

2) eBay Gift Cards from Staples.com  Unfortunately you can only buy eGift Cards from Staples.com in $100 increments and they do not come immediately (often the next day).  You can buy physical gift cards in $200 denominations but those come with $2 fees.  There was a time when portals paid out for gift cards from Staples.  That's long gone.  Doesn't hurt to try though - except me, it hurts me since it is an affiliate link ;)

3) In store.  Use your ink at Staples stores, use a grocery credit cards at a grocery store etc.  That means I have to get off my lazy bottom and it also means you need to stock up to make sure they are available when you need them.  Probably not going to do that.


This is definitely bad news, but most definitely not catastrophic.  We will live another day.

Tuesday, April 19, 2016

Turnover Tuesdays - Opportunity Cost of Earning Miles when Reselling

For those who are not familiar, I started a series a while back called Turnover Tuesdays. Every Tuesday I like to highlight one item that I have resold. This will include profitable and non profitable sales. I hope that there is always something to learn.




Wednesday, April 13, 2016

Have an American Express Platinum Card? Sign Up for Priority Pass Now

I am not a big traveler.  I am most definitely not a luxury traveler.  My first lounge experience was in the Chase United lounge in Newark and I killed it with a free coffee and pears and I've been hooked ever since!  Kidding of course.  That was a few years ago and I haven't made it into a lounge since then.

Since I don't travel much, paying the annual fee on a card like American Express Platinum just doesn't make sense to me.  I just won't get enough value out of it.

That being said, I'm not one to turn down free lounge access and this past year I got the Platinum Business card and used it during the $20k Challenge (seems like so long ago!)


A few days ago I realized that I have a trip coming up today and I asked a few friends who know lounges much better than me how to get access to a lounge for my flight.  I needed priority pass for my particular flight and the Platinum cards gives you free access to registration.



Waiting Period


Little did I know that once you sign up with your Platinum card, they send you your registration information in the mail in 10-14 days.  That wasn't going to work.

I signed up and called immediately to see if I can get immediate access.  I was told 48-72 before they get the information from american express.  I called again last night and they did in fact have my information.  I was able to create a profile, download the app and get an immediate digital access card.

Had I waited a few more days, I would have been sitting with the paupers outside in the regular chairs.

The expiration is 2019 so you might as well sign up immediately so that you don't run into my situation or just be more organized than me, thought it will automatically expire once you cancel your American Express Platinum card.  You might as well take advantage while you have it.


Tuesday, April 12, 2016

Turnover Tuesdays - Go Big or Go Home

For those who are not familiar, I started a series a while back called Turnover Tuesdays. Every Tuesday I like to highlight one item that I have resold. This will include profitable and non profitable sales. I hope that there is always something to learn.

Tuesday, April 5, 2016

Turnover Tuesdays - Clearance is Your Friend

For those who are not familiar, I started a series a while back called Turnover Tuesdays. Every Tuesday I like to highlight one item that I have resold. This will include profitable and non profitable sales. I hope that there is always something to learn.

Thursday, March 31, 2016

Amazon Offering Free Removal of Inventory and Reversal of some Long Term Storage Fees

Recently we saw that Amazon was restricting certain items from being sent to fulfillment centers.

Now, Amazon sent out that they are offering sticks instead of carrots to declutter their centers.  You can remove any inventory for free until the end of April starting today.

The normal fees are pretty low at $0.50 a unit (includes shipping) so this isn't a huge deal.

The bigger deal is that if you were charged a long term storage fee in February 2016, they are reimbursing 66% of that fee.  Those fees are significant.  If I was charged those fee I would think about using this promotion.

It's nice to see Amazon handle this is in a manner that is very seller friendly.

As more sellers join FBA and FCs have more and more inventory, I think we will see more promotions to remove inventory and increased storage fees.  Amazon doesn't want their FCs to become storage facilities.  I get that.

The incentive is to move towards faster sales which I understand but it will mean that fewer people will sell items that have lower ranks.  Customers may suffer from higher prices on lower ranked items from lack of competition.

Either way, I think this is a step in the right direction from Amazon in the way they treat their sellers and I applaud the way they are handling it even if I am not thrilled about the outcome.




The one catch:
  • If you file a removal order for sellable inventory on or before April 30, 2016, to dispose of this inventory or have it returned to you, you will be unable to send in additional units of these ASINs until October 1, 2016. If your inventory level falls below the number of units you have sold of this ASIN in the previous four weeks, you can send this ASIN to Amazon.
This doesn't affect your ability to sell these ASINs during quarter 4 but you won't be able to send until October which is 6 months away.

Tuesday, March 29, 2016

Turnover Tuesdays - I'm Done with Apple Watches

For those who are not familiar, I started a series a while back called Turnover Tuesdays. Every Tuesday I like to highlight one item that I have resold. This will include profitable and non profitable sales. I hope that there is always something to learn.