Selling Electronics on Amazon

Selling Electronics on Amazon

I have been toying around with going back to selling electronics on Amazon to make extra money. Full disclosure, my stocks are doing very well but I feel the urge to get more side-hustle going. This website has shown me the dark side to making money via blogging, and that ultimately the only real way of making a living via web content is to do some questionable things.

Therefore I am going to most likely get back into selling electronics on Amazon for some extra cash. I had a very successful year in 2011, but decided to give it up due to the hassles and time constraints.

Why am I reluctant to get back into this?

  • People. You might be surprised to find out how many bad consumers are out there, and when your margins are slim — it can be painful to have a big ticket item get “lost in the mail.” I mitigate this risk a lot by using signature confirmation on everything I ship, but at a cost.
  • I spent too much time on the computer.
  • Taxes. Nothing hurts more than seeing my refund take a nose dive when I go to pay all of my taxes on my profits.
  • Book-keeping. A lot of time and hassle goes into bookkeeping for my online business.
  • Physical organization of inventory can be a hassle.

How much money are we talking here?

  • If I went all out, I would think $500 to $2,000 a month. A good year would probably be $15,000 extra in cash.

How are you doing it?

I have made a couple of posts in the past talking about it. Check it out here.

Final note - iPad 1st Generation 32gb is currently under $250 on amazon. Don’t forget to click on the “used” tab.

 

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Filed under: AmazonEbay

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