How I found (mostly) cheap but (sort of) high-demand marketing products and sold them for big profits with Fulfillment by
There is, of course, a huge industry in selling high-end products that teach people how to make money. Not “get rich quick” material necessarily, just books and DVDs by people who have made a lot of money selling everything from real estate to webinars, teaching you their secrets.
Obviously I’m not into flipping real estate and haven’t done webinars, but I know enough about the marketing world to casually follow some of the bigger players and be on their email lists.
(Note: I mentioned some of what follows in a post several months ago. However in the months since I have taken it much further. This is the full story.)
An interesting trend started about 18 months ago: It seemed that, collectively, some of the bigger marketing “names” decided that writing books and then giving them away for the price of postage was an effective tool to get their names out there and build an even bigger audience. (I’m going to omit most names in this story, because some of these are still making me money.)
The first time I saw one of these guys advertising their free book on Facebook, I sent him the $5, got his book, read it, and thought: “Let me see if this is on
Of course it wasn’t on
So I do what I always do when I have a book with no listing on
It sold almost right away.
I quickly went online to see if the book was still available. It was, and I ordered another copy. It too sold again on
Then I got lazy, and didn’t order another copy. A month later when I got around to it, the book was sold out and out of print forever.
But my streak of luck had not run out
Good news was, a few months later, this same marketer released a second book. I ordered it, read it, and flipped on
I didn’t mess around this time. I ordered another copy right away.
Sold it on
Ordered another.
Sold it on
And again. And again. And again. And….. again.
To date, I have done $700 in sales off this single book. It’s still in print (hence my vagueness here). And I’m still selling it.
It has never gone more than three weeks before selling. And despite this book being advertised all over the internet for free + shipping, I’m the only one I’ve seen selling it.
The tally in this story so far:
9 books @ $77
But let me back up…
At the time this last book was released, another big figure in the marketing space released a similar book. It was also free + shipping.
And guess what? It had no listings on
And guess what? To date I’ve sold three copies on
Why, if these two books have been out for a whole year, and if they both sell on
I have to work this point into almost every post, so here it is again: I’m lazy. I’m scattered, poorly organized, and you should probably never take
So far in this story we are up to:
12 copies of 3 different books @ $77
Same idea, different marketing guru
Sometime, also about a year ago, I was at one of those weird overstock / outlet stores. I should probably do a whole article on these places soon, because when they’re good, they’re really good.
This particular place was a disheveled mess, full of things that fell off the back of a truck somewhere. Somewhere in this mess, I found the jackpot: Four high-end Anthony Robbins CD box sets.
Yes, the giant 6’7′ infomercial guy. He’s not exactly the kind of “marketing guru” in the same vein as the last two authors, but he appeals to much of the same demographic. And one of the four box sets was devoted entirely to…. marketing.
That one was called The New Money Masters. Another was called Mastering Influence. And I can’t remember the other two, but they were big and expensive.
All four were a flat $99.95 each. And three of them were selling for over $200 each on
All had an
With one or two of these, I was only roughly doubling my money, when my general rule is to triple my money. I make exceptions to the “3x rule” when the
So of course they all sold. And we’ll say I conservatively profited $600 off these box sets.
So at this point in the story, we’re up to:
12 (almost free) marketing books = $924
4 Anthony Robbins box sets = $600
The “buy low sell high” marketing mayhem continues
So far, I was only spotting these opportunities because I was casually aware of these authors and knew they had devoted and rabid fans who would pay a premium for their products. And that was also the case again with what I did next…
There is a big player in the “how to make money with real estate” space, who for many years only released very high-end DVD courses (read: $2,000 each). Then, about six months ago, he released a book on a mainstream publisher that introduced him to a mainstream audience.
I wasn’t sure, but I suspected that with his new popularity, demand for his older out of print products would skyrocket. I looked on
As soon as an auction went up, I bid on it and bid high. I was operating on the theory that I could get $500 for this course on
As theorized, I flipped it on
Naturally, I started biding every time this course went up on eBay. Usually it went for $400+ on eBay. One more time, it didn’t. I got it for $200.
I flipped it again for $500 (I probably could have gotten more.)
The final tally on my “how to get rich” product-flipping
12 (almost free) marketing books = $924
4 Anthony Robbins box sets = $600
2 real estate courses = $475
So I lied when I said $2,000. According to my calculator, that comes to $1,999.
The lessons
You have to spend money to make money. Okay, maybe not with the books here. But the six box sets each cost me $100 to $200 each. Big investment = big reward.
You have to have an eye for opportunity. Systematizing the identification of
A lot of people don’t look anywhere but
If I keep this up, I’m going to put out my own $2,000 course called “How I got rich off selling other people’s products on how to get rich.”
Also, claim your free book:
Nice article as always. I have all your books and reread a lot. They have been my guide in getting in this business. Thanks
Great article, I’ve always learned people do what they are comfortable doing and have a hard time coming out of that comfort zone, and to me shopping is the same way. If you are open to Amazon, you may not be to 10 other great places. And one bad experience at a store you may not return for two years. I just had a sale today on Amazon from the next town from mine in Clearwater, Florida who purchased a BBQ Rub I bought in town… They COULD HAD just went to a major retail store and got it.. But thank goodness THEY DIDNT 🙂
Do you still not use a pricing software for your goods? I’m curious about how you supervise your inventory. When something sells relatively quickly, it makes for a good story, but how do you keep track of the older stuff? Not even to make sure it’s priced competitively, but just to find out whether your bets paid off. Inventory Lab could theoretically do it… but somehow I don’t see you as the type to keep meticulous records before you ship it out to Amazon. Love to see a post about that process.
Good question. I do reprice conservatively, generally only giving my most regular attention to books that are steadily ranked worse than 1 million. And I have semi-recently been tracking profits from individual shipments using Nathan Holmquist’s SourceProfit software.
Totally agree with you on this strategy. Some of the “Top” syndicate gurus stuff sells really good for nice profit on Amazon. They limit the availability in their books which make them great for collector’s of this genre. I too have similar results.
Wow, that’s impressive! I’ve noticed myself that self-published or small-press books on topics like marketing, management, and (often religious) financial self-help do quite well on Amazon, but I’ve just been picking them up at thrift shops—I never even thought about buying straight from the source.
I do have one question: if a book is self-published and doesn’t have an ISBN or barcode, and nothing comes up when you search the title in the create a new listing tool, how would you go about listing it on Amazon? Would it be appropriate to buy a UPC?
Buying a UPC is definitely the way to go there.
Thanks!
Way to go!! My question is did you have to create a listing on Amazon for the books that you sold there or was there an inactive listing that you could piggyback off of?
For each of the books mentioned in the first part, I did create the product page.
Thanks for the advice on picking up these kinds of books for so cheap and reselling them for such a great profit. I’ll have to look through my books as I seem to remember picking up a couple of free money making books in the past during promotions.
I’m also going to look through your other information since I’m really interested in selling books on Amazon and eBay. I have a book right now that I just picked up for $5 and is listed for quite a bit higher on Amazon.
It took me a second to figure out the “bug low sell high” statement until I realized you weren’t actually talking about bugs. lol You meant “buy”. Unfortunately, I’m one of those that seems to notice the misspelled words. Great info and great encouragement here to get looking for jackpots in the book industry! Thanks!
It wouldn’t be a post from me without one really embarrassing spelling error. Should read “Buy low sell high.” Fixed.
Tony R. stuff sells fast!
Had a set was not sure ebay or amazon, so I put on Amazon with pics and Ebay – sold in a hour on Amazon! Took down ebay listing.
Why do we fool with the fool ebay?
With media items, the only time I resort to eBay now is 1) bulk lots grouped by subject for items I don’t think will bring profits individually, and 2) the most obscure of the obscure items, which can sometimes find a buyer more quickly on eBay than Amazon.
Great article – thanks so much!
Hello
Great article, just one question. If you have a course on cd or dvd, do you need to be approved for that or can it be sold in a different category as most of these will probably have a MSRP of more than $25.00
Thanks
Al
I’m a little fuzzy on the exact rules, because I’ve seen DVDs in other categories, but I’m pretty sure Amazon would remove a DVD found in another category if they were alerted to it. I do see quite a few fitness DVDs in the Sports category however.