Since starting my online business, I have had a ton of questions about why I do things or how I do them. This page is meant to answer those questions that are asked each time I talk with someone new.
Q: How did you get started in selling things on Amazon?
A: The best answer can be found on my first blog post (found here)
Q: Is what you doing illegal?
A: My business is a fully legal and registered business (my business is a limited liability corporation). I see myself as an online retailer who capitalizes on low priced items in my local marketplace and online.
Q: Don’t you feel bad for selling things at a higher price to other people?
A: My answer goes back to my roots in economics – People choose to purchase the products through Amazon because they are at a better price than in their local market or they place a higher value on their leisure time than others (more on this in a future post about the economics of selling on Amazon). Retail store across the globe operate the same way by harnessing their buying power to purchase items in bulk and sell them with a mark up.
Q: What are your favorite store to source from?
A: The mix changes all the time, but I am a huge fan of Walmart, Walgreens, Meijer, Target, CVS, and any large discount warehouse.
Q: What is a good sales rank when looking at a product?
A: The answer is: It depends. I tend to stick to the rule of 150,000 or less in most categories, but it varies with my estimated profit, cost of the product, the category, and other factors that could change the buyer’s situation.
Q: What app do you use for scanning?
A: I started off using Profit Bandit, but I changed over to Amazon Seller after the announcement that Profit Bandit was going to start charging a monthly fee. I feel that the Amazon app has the most up-to-date information and I find that it meets my needs.
Q: Do you feel weird walking into a store and scanning items or buying a lot of one item?
A: At first, YES! I felt extremely awkward and like I was doing something bad. I even lied to the cashier and said that I ran a church camp during one of my first large purchases of toys. Now, I am extremely comfortable when I walk into a store and I simply explain that I have a business that sells items online.
Q: What is the strangest thing you have purchased to sell online (and actually sold)?
If you have any other questions, please to not hesitate to leave a comment on one of my blog posts!