After our first holiday season of retail arbitrage and Amazon FBA, we went on a seven-day cruise followed by a four night visit to the City of New Orleans.
Although we had planned this trip only shortly after we began our Amazon selling in October, we ended up with enough profits in the bank to cover the cost of this entire trip! And, while we were away, our inventory continued to sell, making us even more money while we were enjoying ourselves on vacation.
Seeing these profits come motivated us even more.
So, it was no surprise, that when we found ourselves walking past a Walgreens in the French Quarter, we just had to stop in to see if they had any good deals.
Sure enough, we found one of those Sony iPhone docks that we were already selling for over $50.00 in profit a piece.
We couldn’t resist the chance to pick this item up and appreciate the fact that this would bring us even more money when we returned from vacation.
Inspired by the find, we checked the locations of the other New Orleans’ Walgreens stores and found that about five of them were in walking distance of the historic St. Charles streetcar line, which had a stop right outside our hotel.
We ended up taking about a three hour round trip on the streetcar and came back with as many bags of merchandise that we could carry. The next day, on our way back from a drive to a historic site outside of town, we picked up some more at the suburban locations.
With a 1,200 mile drive between New Orleans and home, we then plotted a route that would allow us to jump off the interstate along the way and hit as many stores that were convenient.
The drive was long, but nearly every town we pulled into had at least something profitable to buy. It was great getting back on the interstate knowing that we were basically racking up cash as fast as we were racking up miles.
By the time we got home three days later, we had spent nearly $1,000.00 on new inventory, and our vehicle was filled with merchandise. (Good thing we were driving a full-size van to accommodate all of the deals we found.)
Within the next week, we had everything listed and shipped out to Amazon. I would guess that we about doubled our money on that $1,000.00 inventory spend!
It was the end of January, 2015, and we were off to a great start with Amazon FBA. But, with the holiday season over, we needed to learn some new skills to continue to generate profits.
Next up – we discover a liquidation outlet, and learn the art of liquidation arbitrage…