Tuesday, August 25, 2015

Turnover Tuesdays - Dell - Love that AmEx Offer!

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.

Week 1 - First attempt at reselling
Week 2 - My second straight fail
Week 3 - My iPad mini collection
Week 4 - Bed Bath and Beyond
Week 5 - An iPad Idea for Your Staples Gift Card Collection

The Item - Dell Stuff

About a month ago, I posted a deal from Dell using the current AmEx Offers for You of $100 off a $600 purchase.

I ordered 2 TVs and a Dell Venue Pro Tablet for $635 and paid $535 after the AmEx offer.

The TVs came with 2 $125 ePromo Gift Cards and the whole purchase also came with a $30 Dell Advantage Promo eGift Card (5% in Loyalty Points)

I used each $125 ePromo Gift Card to buy 2 more tablets at a price of $86.87 each (normally $99 each at the sale price).

I used the $30 ePromo Gift Card to buy 1 more tablet at a price of $80.93.

I bought the first purchase on an American Express card for the offer and the other three purchases were made on my Discover Card.

That's a total of ~$790

Credit Card Points 

$5.35 from American Express cards and about $5 from Discover ($2.50 now and $2.50 in 12 months).

Shopping Portal

Discover Deals is paying 10% for Dell purchases.  That is ~$110 now and ~$110 in 12 months.

Loyalty Points 

I earned $30 in Loyalty points, but as I already mentioned, I used those for another Tablet so I won't count that here

Fulfillment by Amazon Fees

The TV's were sold for $227 each and incurred Amazon's FBA fee of about $85 including shipping.  $369 net
The first 3 tablets were sold for $127.50 and incurred a fee of $13.50 each including shipping.
$342 net
The last 2 tablets were sold for $125.50 and incurred a fee of about $14 including shipping (less efficient shipping).
$223 net

The Haul  

I paid $790.  I sold everything for $934 after fees.  That's a profit margin of 18.2% just on the sale!

Here is how the numbers worked out:

Cash = $144
Credit Card Points = $10
Portal Points = $220 ($110 now, $110 later)
Loyalty points = $0 since it was used to make the last purchase

If you include the value of the credit card points, portal and loyalty points, the gain is ~$370.  That's a fat margin of 46.8%!  Absolutely gorgeous.  Some of it I won't see for 12 months and I hope it won't get clawed back.

Please note that I did this before I read Big Habitat's post warning not to buy more than 3 of one item in one month.  I wouldn't do it again since you could lose your portal points, which are worth a ton here.