All Gone

Posted by Sun on November 18, 2006
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The nine items I bought on Buy.com last month were all gone (I bought ten and one was returned later after I found their rebate has conditions that I have to sign up their service to get the rebate). I sold six of them till last Saturday, and three more this week: a 4-port USB 2.0 PCI card, a wireless adapter, and a headset, making nearly $110 from the sales. I didn't expect I can empty my inventory so quick, but it seems that there are a lot of people need these stuff (I guess that's why EBay has a booming business). So far I have made nearly $730 on Amazon sales. I won't call it a side income because the size isn't really significant. All I want to do with these money is to put them in my daughter's 529 plans on top of our regular monthly contributions. For that purpose, $730 isn't a small account.

Actually, I got this selling-stuff-to-fund-529-plan idea from another blog, Financial Baby Step, I first read in June and thought it's a good idea to turn those unwanted stuff into extra funds for my daughter's future education. The reason I picked Amazon over EBay was that listing on Amazon was free (though the actual costs on commission may be higher) and I can put the item up for sale for a long time until it finds a buyer or relist it for free again after 2 months. Since I am not really looking to make money from this, I didn't put much efforts into it and all the items I sold carried the lowest price (I check my listing quite often and if I find there's a lower price, I will beat that price by lowering mine). In fact, I don't really care how much I make from each sale, as long as I can make the sell and don't lose money. Last week I bought another two pieces of hardware (a flash drive (yes, another one and the demand is strong) and a wireless PCMCIA card) on Buy.com. Hopefully, I can sell them soon.

If you are interested in selling your stuff on Amazon.com, you can find some of my experience from here.

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