The Great Amazon.com (Secret) Experiment
I thought I would let you know how my experiment with an Amazon.com seller account went. Hopefully I saved you $17 on that Matt Bacak thing.
How I Made $4.37 Profit in Only 1 Week!
Here’s how I made $4.37 profit. How Matt Bacak managed to pay all his bills doing this I’ll never know.
I uploaded 6 books following the instructions at Amazon. It took about a week before any sold and then I got a notification from Amazon – Do Not Ship. My first order ended up being cancelled because there were payment problems with the purchaser.
Then lightening struck and I got 2 orders on the same day.
Book One
This book, "The Irresistible Offer" by Mark Joyner, sold for $7.38 [Remember this is a used books - Condition - Very Good - Amazon provides guidelines for describing Condition to the customer] + $3.99 Shipping Allowance = $11.37 Charged to Customer.
Amazon Fees: Variable Closing Fee = $1.35, Fixed Closing Fee = $0.99, Commission (minimum 15% on books) = $1.11. Total Amazon Charges: $3.45. Bubble mailer = $1.39 and Postage = $2.38 (Media rate). Total Shipping Cost = $3.77.
Net: Total Charged to Customer – Amazon Fees – Shipping = $11.37 – $3.45 – $3.77 = $4.15 Pure Profit!
Book Two
This book, "After the Affair", sold for $2.75 [Remember this is a used books - Condition - Good] + $3.99 Shipping Allowance = $6.74 Charged to Customer.
Amazon Fees: Variable Closing Fee = $1.35, Fixed Closing Fee = $0.99, Commission = $0.41. Total Amazon Charges: $2.75 [Same as the book price!]. Bubble mailer = $1.39 and Postage = $2.38 (Media rate). Total Shipping Cost = $3.77.
Net: Total Charged to Customer – Amazon Fees – Shipping = $6.74 – $2.75 – $3.77 = $0.22 Pure Profit!
So I banked $4.37 net. I would still have a ways to go to earn the $17 for the Matt Bacak course if I hadn’t asked for a refund. I commend Matt Bacak’s organization for the courtesy and promptness with which they attended to my refund request.
If this is your idea of how to Make Your First Sale Online, go for it. If nothing else, you will gain some experience and confidence. Just don’t count on paying your bills this way.
Meanwhile …
The other 4 books are still sitting in my inventory at home awaiting notice from Amazon that I should ship them.
Wait – another ship notification just came in and I stand to make $0.40 on this order so bye for now – I have to get "The Case for Christ" shipped.
All the best,
Ed