Monday, June 9

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Amazon Trade-In Program

Interesting Way To Make Money with Amazon

Trade-In Over 1,000,000 Items on Amazon

Because of Amazon, I seem to have become good friends with the post lady delivering those familiar brown boxes at least a few times a week. The fact you can conveniently order a variety of things and have them all delivered to the front door in a matter of days, is just a great idea in my opinion. As many time's that I've used this online service, I still give it 5 stars out of 5, and continue to be impressed with how easy they've made this entire process.

 Now that we've accumulated a rather large collection of Amazon boxes, they just started a new program where we can send them back and make some rather easy money in the process. Amazon has created a very easy way to send them all your Textbooks, Movies, Video Games, Music and Electronics, in exchange for gift cards that can be used to buy anything available on the site. Over 1 million listed items fall within those categories that can now easily be turned into an asset with this new trade-in program.

What's the catch? Why not start your own Amazon Store and make more money per item?

That's A Good Question. As with everything Amazon, they make it easy for you to start ("start" being the keyword) an online store within the system. The starting price to open a store costs $40.00 which covers the first 40 items sold, or $1.00 each plus a few additional expenses. If you have the time it takes to create unique pages for all your items, not to mention if and when you get paid, you certainly can make more money in the long run.

They also have a program called FBA (Fulfilled By Amazon) where you can ship products containing an ISBN number in preferably very good condition directly to one of their warehouses. When the item sells, it's packaged and shipped with other products, thus eliminating a big headache for you shipping them yourself. Keep in mind you are competing with every product containing that ISBN number within the system, so it comes down to supply and demand when it will ultimately sell. The other thing you need to consider before going the FBA route is the additional costs. While starting a store front and fulfilling the orders yourself ultimately cost approx. 20-25%, having the orders fulfilled by Amazon is closer to 30-35%. It's a great way to warehouse and conveniently sell merchandise in bulk like a lot of Shark Tank Products do, as long as you factor in paying Amazon 1/3rd of the retail price.

The Amazon Trade-In Program was designed for the other 95% of the population who have no intention trying to sell anything Online. You spent a lot of money on some of the 1,000,000 items enrolled in the trade-in program, and if given an easy way to turn them into cash for something else, you will probably do it. That's what Amazon's banking on anyway. Going through the house collecting items you no longer use, putting them into a single box and shipping it to an Amazon Fulfilment Center is about as simple as it gets. They need some way to keep filling up those gigantic warehouses they keep building, and I think they just found it.

Another great way to make money with the Amazon Trade-In Program is at Garage Sales. By taking the time to study the products so far enrolled in this new program, and "knowing" what Amazon will pay you before you even buy it, you can make a "guaranteed profit with zero risk". I never thought I would ever write those words, but in this case dealing with a multi-billion dollar company, it's about the safest investment you will ever make.


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