I worked at a Dollar Tree in Jackson WY. I was a cashier and every week on the same day of the week a guy came in and bought hundreds of books. His cart would always be full of them. After about his third visit I asked him, whay do you do with them all. He said he resold them on Ebay, Craigslist, Facebook Marketplace, etc and made 1000's of dollars a month. Some he kept or gave as gifts but most he sold!
Fun fact Amazon only survived as abusines because they moved away from owning inventory of books! Re-selling novels is a pocket change hustle. If you're going to sell books sell art books (coffee table books), text books or relevant tech books at least with those books you'd make $5-$100 profit and not $1-$10. Time is money!!
@@WBKnoblock One of my friends who had a warehouse like yours,,,also worked for Hollywood in the mask making dept,, he was that good. So clutter is not always a bad thing.
A side note: If your business doesn't meet the $2000 monthly threshold, Payability will automatically reject your application. So don't waste your time if you're not at that level. THEY WILL ASK FOR PROOF.
Yeah there's also a $40/month fee to be an amazon seller as well as $10/month for the profit bandit app after 20 free scans. That's why it pays to do your own research.
For those that seem to be insta-hating on this, I have a question: Have you even run a business? Asking an honest question, not trying to flame. Because I have. 2 weeks waiting for payment for something you sold, is 2 weeks that money isn't working for you. Let me break down some math for you about exponential growth. Granted, this is going to be a bit of a simplification, but it'll show it's potential. And part of that is going to be only referring to 1 "item" when in fact you'd quickly diversify, to meet more needs and increase overall sales. Also, the starting point will be enough resources for 1 item. So, if you have an item that you can reliably sell every single day. But, lets just say, for argument's sake, that you can only sell ONE of those items per day. And lets say that's a 100$ item. And that the item costs $10 to acquire. Also I'm not going to factor in most of the fees, as that changes regularly, but I'll include the 2% knock off from Payability to show how a small percentage to increase turn around can be beneficial. If you have to wait 2 weeks before getting your money, the cycle will look like this. Day 1 Acquire 1 item, Sell 1 item, Day 2 - 13: waiting for money, nothing acomplished Day 14: paycheck received from Amazon 100 Day 14: 90$ profit, can afford 10 Items now If you get your money the next day after a sale, the cycle will look like this. Day 1 Acquire 1 item, Sell 1 item Day 2 Money received +$98 (2$ to payability fee), 9 Items bought[-90], 1 item sold, 8$ Day 3 Money received +$98 (2$ to payability fee), 0 Items bought, 1 item sold, 106$ Day 4 Money received +$98 (2$ to payability fee), 0 Items bought, 1 item sold, 204$ Day 5 Money received +$98 (2$ to payability fee), 0 Items bought, 1 item sold, 302$ Day 6 Money received +$98 (2$ to payability fee), 0 Items bought, 1 item sold, 400$ Day 7 Money received +$98 (2$ to payability fee), 0 Items bought, 1 item sold, 492$ Day 8 Money received +$98 (2$ to payability fee), 0 Items bought, 1 item sold, 590$ Day 9 Money received +$98 (2$ to payability fee), 0 Items bought, 1 item sold, 688$ Day 10 Money received +$98 (2$ to payability fee), 4 Items bought[-40], 1 item sold, 696$ Day 11 Money received +$98 (2$ to payability fee), 0 Items bought, 1 item sold, 794$ Day 12 Money received +$98 (2$ to payability fee), 0 Items bought, 1 item sold, 892$ Day 13 Money received +$98 (2$ to payability fee), 0 Items bought, 1 item sold, 990$ Day 14 Money received +$98 (2$ to payability fee), 0 Items bought, 1 item sold, 1088$ So, between those two: On day 14 with option one would would have all 100 of your hard earned dollars... congratulations. You paid nothing extra, you kept a tight grip on your money. But with option two, because you were able to increase turn around time, on day 14 you had $1,088 in your pocket (even after paying the fees and having to buy more stock) That's nearly 11x the money. Now, for extra fun, lets say you found a local item that is absolutely HOT! As in, you can't keep it in stock, no matter what you do. They sell as quickly as you get them. And, Yes, this type of thing does happen from time to time with some trends. Especially if you can buy it locally where it's abundant and probably under appreciated, and then sell it online where those dying to find one can get their mitts on it. Think Furby, Tickle Me elmo, etc. Yes, they're fads, and will puff out eventually, but in the mean time you can make SERIOUS bank. So, for this one, I'm going to everything the same as I did with option 2, except, constant sales. Day 1 Acquire 1 item, Sell 1 item Day 2 Money received +$98 (2$ to payability fee), 9 Items bought[-90], 9 item sold, 8$ Left Day 3 Money received +$882 (18$ to payability fee), 89 Items bought, 89 item sold, 0$ Left Day 4 Money received +$8722 (178$ to payability fee), 872 Items bought, 872 item sold, 2$ Left Day 5 Money received +$85,456 (1,744$ to payability fee), 8,546 Items bought, 8,546 item sold, 8$ Left Day 6 Money received +$837,508 (17,092$ to payability fee), 83,751 Items bought, 83,751 item sold, 6$ Left Day 7 Money received +$8,207,598 (167,502$ to payability fee), 820,760 Items bought, 820,760 item sold, 4$ Left Day 8 Money received +$80,434,480 (1,641,520$ to payability fee), 8,043,448 Items bought, 8,043,448 item sold, 4$ Left Day 9 Money received +$788,257,904 (16,086,896$ to payability fee), 78,825,790 Items bought, 78,825,790 item sold, 4$ Left Day 10 Money received +$7,724,927,420 (157,651,580$ to payability fee), 772,492,742 Items bought, 772,492,742 item sold, 4$ Left Day 11 Money received +$75,704,288,716 (1,544,985,484$ to payability fee), 7,570,428,872 Items bought, 7,570,428,872 item sold, 0$ Left Day 12 Money received +$741,902,029,456 (15,140,857,744$ to payability fee), 74,190,202,945 Items bought, 74,190,202,945 item sold, 6$ Left Day 13 Money received +$7,270,639,888,610 (148,380,405,890$ to payability fee), 727,063,988,861 Items bought, 727,063,988,861 item sold, 6$ Left Day 14 Money received +$71,252,270,908,378 (1,454,127,977,722$ to payability fee), 0 Items bought, 0 item sold, $71,252,270,908,384 Left Now, before you say anything about this, NO this isn't something I find very likely to happen[with returns measured in trillions within 2 weeks]. And it's never happened to me to this extent. There does come a plateau point at some point along the line.I mean otherwise, day 11 represents every single person on this plant buying 1 on that day. This is just what is THEORETICALLY possible, based on exponential growth. Basically at some point either you're going to run out of the item/ resource, or everyone's going to have what they need and not need / want anymore. [which is why diversifying is so important for long term goals] But what this DOES illustrate is the power of exponential growth. The real numbers for what are likely to happen, are far less, I'm sure. But, I'm even more confident that the real numbers are, in fact, much higher than option 1. Because the money is constantly growing steadily instead of quick spurts. Also, because I know how comments sections are, I have no connection to payability. Nor this channel. But I do intend on looking into payability in the future to see if it's something that'd fit into my own specific workflow situation. If it's not, I won't use it. I'm just saying, don't disregard things without actually looking at them, and factoring in the big picture. You're doing yourself a big disservice. Failure to do so is why the majority of small businesses fail within the first couple years. Yet I've managed to keep mine going for almost 13 years.
If you can't wait two weeks for a paycheck you aren't managing your money- your money is managing YOU. I would NEVER give 2% of my hard earned cash up to some random middle man just so I can get paid the day after a sale. Don't use Payability people. (That's the only problem I have with this video that really jumps out at me)
@@WBKnoblock Then they should make it a point to learn to how to save because learning how to spend is easy. I know roughly half of Americans don't have a $1000 saved which is just sad.
Depends tho. I'mo I'd wait for the 100 in 2 weeks. But if I could get 10 real fast, make 30 off of it. 50 +100. But if I had money to start off with then I wouldnt have that problem. So i only see that service as a once time use.
WOW! Reading the comments here...Okay you'all. It's simple. YOU DO NOT have to sell books. Use your imagination, Think outside of the Box! Each $Store is like a yard sale or a thrift shop. A good portion of there product is the same the rest is like Christmas :-) As in ANY business you have to work, do your homework (and for those of you who do not like homework, Suck it up! or move on!), LOTS of research. You will need to make a 'Game Plan' and stick to it. You do not have to do it Walters way...BUT he is giving EVERYONE an AWESOME idea. It is up to YOU to make it happen. In today's economic two things are happening, Homeless is at an all time HIGH!(of no fault of there own; loss a job etc) MANY ways to become your own boss. Some have engineered both together making it work for them. Don't rag on Mr. Walters' because YOU DO NOT like his idea, others may, and others may even try it out for themselves. It is somebody's 'Cup of Tea', just not yours. Here's something I use to tell my mom: You don't have to like someone, just respect the differences between you both and move on :-) And if you don't like that one here's one for you: Your Only Limitation is Your Imagination Darling! It has been mine for 20-yrs, you may borrow it :-)
Eh its all hustle i can get a job sitting on my ass making 900 a week playing on my phone as boring as it is better than brain storming costantly on how to make the next hustle Im not bashing your way of making money but i think what your doing is comparable to having a lamborgini and only ever get up to 30 miles an hour its like you would have all this motivation to keep your mind busy and your using it all to find the laziest way to do it witch pays verry little when all you need to do is apply for the right job and work at it for a while
So helpful! I just got approved yesterday and have been sourcing. Excited to start. I didn't think I could do it but you're so encouraging. Once I get on my feet and have some extra cash I'm definitely going to be a supporter of your channel! You're awesome!
I got a regular who comes in for books 🤣 90% of the time we know, we just dont care because it's one less thing we have to clean up or recover 🤷♀️🤷♀️
I would be would kinda surprised/upset if someone did care, I mean the store still makes money every time he comes in, what should it matter what he does with products he purchased.
@Melanie G I'm not disagreeing. We get certain buyout items from big box stores that still hold shelf value elsewhere., i was just trying to be funny. I'm the closing shift assistant manager in a high volume store and if someone wants to come in and buy it all I wouldn't even blink; my responsibilities are mostly recovery and cleaning up the store though and the more people buy the less I have to clean up before truck day!. what other people do with their money and how they make that money aint my business❤
I’m cracking up because I am a book reader and I recently told my coworker that I have been buying books from there for a dollar. I was impressed they had a lot of hardback books.
Ever purchased one that was signed by the Author?? I still have several brand new books that were signed by the author. I almost returned a couple one time, because I already had a copy in my collection, but I realized at the last second they were the wrong books. In truth they were some of the few that I had not looked inside and noticed that they were signed. The cashier's eyes lit up for a few seconds, until I quickly retracted and then brought the unsigned versions back. LOL... There was a time several years ago, when I used to buy about 2-5 new books every time I went into the $$ tree... I ended up with at least 1000 books. The total number of books I bought filled more than 35 boxes and more than 95% of the books were hard back books. Most of the boxes were those large boxes that hold 10-12 reams of paper for your printer, like when you buy in bulk/by the case, from Staples or any other office supply store. My boxes were slightly nicer and a little larger, but similar to that style of box. More than a third of a large moving truck had boxes of books, with at least 90% that I purchased at the $$ store. About 12 years ago, I came up with this same idea... While in college; I used to buy my textbooks online and then sell them back to the campus bookstore for more money than they cost online. Or I would sell them online if the bookstore's buy back price was too low. That's how I funded my book/textbook buying during my undergraduate programs and even my Master's program. I was doubling and tripling how much I spent on my college textbooks. Doing this, and then filling my addictive need to buy more books all the time at the && store, made me think about whether people were buying and then selling them online... and at the time I found no one that was doing it, but it worked if you were willing to take the time and get serious doing it. Anyone remember or ever use Half.com?? I've bought and primarily sold tons of books that way... I first learned about half.com, about a year or two after it first opened. My sister knew someone that I helped for a short time, selling tons of books there. He had thousands and thousands of books. It was as if the main library of a decent sized city, was moving to a different location, and all the books were stacked ready to be boxed, and some of them were already boxed, and then they were just left there unmoved. The space they filled was easily 2000 SqFt. & from 6-8' high of nothing but books. He had no idea how many were there or what books we might find. That was why I was helping. It was nothing but pure heaven for a bibliophile like me. :-D
Justin Taylor that’s funny. I remember buying books cheaper at a different University for lower price and selling them back for more after class. Back then internet was not as accessible like today. I am unsure about the authors signatures, I will check go forward. I don’t know if I will sell my books maybe those books I have more than one copy. I met someone that has 28k books I was jealous. The movers thought I was joking about the boxes of books. They were not happy because I put fragile on the boxes. Most women get excited about shopping. I get excited about looking for books. I have purchased from half.com and alibris.com
the Dollar store here, knows. They said, "These are books that would be thrown out....almost every one of these books is over run." If they don't sell at Dollar store they go into the dumpster. You are doing a good thing.
I tried this. Several times on amazon and ebay craiglist. I wasnt able to sell any thing. I didnt even lose out luckily because most of time i get them fpr free. But finding whats going to sell..is the hardest fricking part
I have a friend who sells items on Amazon. He prefers to sell antique/retro items like board games and thrift store items you can't buy new anymore. He also does an thing I found very odd: he buys normal snack food items like potato chips and sells them on Amazon for double the normal cost (after buying the item on sale). Bag of chips normally $3.99, buys it for 2/$3.99, sells one bag for $11. He said it sells as it is shipping to Amazon because certain flavors of chips, corn twisties, etc. aren't sold in certain areas and people will pay more to get their favorite flavors. Where I live there 5 different dairies that sell milk and ice tea, and have die hard fans of their taste. If someone moves out of the area/state, some will have a friend bring them a few gallons during a visit just to enjoy an old familiar taste and bring back memories. Strange when your first think about it but it happens. This guy has something, just a different style.
Good idea. Found 1 of my favorite books from the dollar store. Bought multiple copies to give to friends. 1 thing-since we get 1 earth maybe go in w a huge reusable bag vs taking all the plastic bags. Plastic is 1 of the things killing the environment.
@Karen Morris I seen "Awakened" by P.C. and Kristen Cast inside those Books! They were a very popular Book Series, and the Movie Rights to the Books were also purchased by a Movie Producer to make a movie about them. I was shocked to see that book in that store! I have the whole series, and I love those books!
Yes, except for the fact that she used to say, "I see..." before a name. Remember? I see, Edward & Thomas, oh, there's Amber & Grace... lol back in the good old days!
I don't know how I ended up here but this is actually a good way to make a little extra cash on the side if you're frugal. This applies to all kinds of things but be careful of local laws and ordinances. Once you get yourself going you can always get legal.
4:52 I see Febreze and scented fragrance air fresheners, these seep into your surroundings like clothes, books, it soaks into everything! This is something buyers will notice if their products smell like nasty air fresheners if you spray that around your products!
Also all the negative Nancy’s on here are funny. Y’all are just mad because he is making and doing his thing to survive and be successful on his own. So anyways more power to you for your upbeat fun informational video. Forget all the negative 👎 people!
Right they are jealous of him, I used to resell books on Amazon years ago but my account got suspended. I wish I could get back on their you can make a shitload of money just selling books on Amazon
@@investornabil8825 my boyfriend at the time gave me some dvds to sell once we saw how easy it was with the books, turned out the dvds were bootlegs from China that's how it got suspended.
That book is being sold for .10 plus shipping used and $2.37 plus shipping new on Amazon. You're not going to make your money back, let alone a profit after the FBA fee.
Gen. Dollar: You dare exploit my merchandise and re sell it for your own gain? Walter Blake Knoblock: Of course! Gen. Dollar: Great job. I thought someone was going to do this one day if I offered low priced merchandise.
I recently read that the owners of Dollar Tree are thinking of raising prices store-wide, so they'd be like other dollar stores where stuff actually costs more than a dollar. And here I was a few months ago, thinking of trying exactly what you did in the video (but with more than just books). Depending on how much they raise prices on items, it could end up cutting into the profit, and making the effort not worth it. Hopefully it doesn't happen anytime soon. By the way, great video, it answered some questions I had about the whole FBA process.
Most things are not worth more then dollar if they raise prices peoe will quit shopping. I.go there to get things that ate to expensive at other stores.
I read the same. What I understood was they are thinking of "closing" all of the Dollar Trees and re-opening them under one of their other store names where they sell things for a dollar and up...
I am going to look into this a bit. My dollars tree aren't neat like yours and there aren't as many books, but it certainly seems like a good idea. I keep seeing adds for FBA but they show flashy cars and vacations with free seminars that are trying to sign you up for their system. Thanks for your info.
I used to go to thrift stores and select books I thought would sell. I would bring them home, and go on Amazon to see what they were selling for used. Sometimes I could make a profit worthwhile, and sometimes not. Occasionally, I would hit gold. Sometimes a book would be quite rare and be selling for a lot. I was at one point making $300 per month after expenses. But I will say that it is labor intensive. After listing the book on Amazon, if it sold, then I had to make sure it was nice and clean, package it up well, and take it to the post office. I might make $4, $5 or $6 on it, maybe. Leftover books I would take back to a thrift store and re-donate them. As I said, it is labor intensive, and not for everyone. Cost of postage (back then), wrapping material, gas to go to the post office, time and effort (whew!) I could have just gotten a part time job and done much better.
I don't know, after Pinepple Express im not sure if I belive you. I don't know, it's like trying to make a $1 out of .50 Cents honestly it sounds like a Superbad idea it's not even a 50/50 chance, it's a risk but then again it is free content and it's not like This is the End. I may just have to Observe and Report, i'm still skeptical but if my Neighbors can make money throwing a Sausage Party, The Night before end game premiered. I guess selling dollar store books is not a crazy idea. I mean is a Long Shot but we wont know unless we try otherwise, Game Over, Man! (;
I’ve been saying dollar tree books are a good line for years. I do think they have had a better selection in the past. Still I’ve found awesome novels and expensive hardcover cookbooks
I used to kill it on dollar tree books. I always had a rule to leave fiction alone, but I remember grabbing a stack of Christmas cookbooks a few years ago and killed them. The problem is that Amazon started raising their rates on what they take out for books. So for about 6 months, I was doing ok. These days Dollar tree book-selections started going downhill, depending on location.
I am going to use your payability link oh, but I want to make sure I get a name of my business and find out about taxes and tax ID numbers and not losing my disability. Thank you so much for your videos. It's lovely that you're sharing your knowledge.
When submitting your receipt to Amazon for Dollar Tree items that you sold.... do you have to take a picture of the item with that receipt as well? I'm just getting started in this information would help me as I don't want to make a mistake and get my account suspended. Love your videos thank you
Hey man good video once again glad to see this upload but quick question, I’m not sure if I just missed it or if you didn’t touch upon it but how long on average does it take for you to sell the item(such as how long till someone buys it) hope to get an answer soon good video again keep up the awesome work! -Sage
You have great content in your videos. I did not want to set on the side to thank you for sharing ❤ please never stop being you, you are just amazing, here to support you ❤️❤️👍have a blessed day ❤️Tysm 💘🥀💋😊🌎💃💯🤗.
Hey! If you want to get started, here is my Quick Start Guide to Retail Arbitrage! Gumroad.com/WBK Create your first FBA shipment >> ua-cam.com/video/9gzH9JXZaN0/v-deo.html Dollar Tree Arbitrage >> ua-cam.com/video/wl___5ICUwk/v-deo.html Dollar Tree Toothpaste >> ua-cam.com/video/03yRe-TBVRQ/v-deo.html Email Newsletter: eepurl.com/gvcAsn My Facebook page: facebook.com/WBKUltra Entrepreneur facebook group facebook.com/groups/WBKUltraGroup/ $250 signup bonus for Payability go.payability.com/WBK Free Business Insurance Quotes: wbkultra.com/business_insurance_quote FREE version of the video editing software I use: wbkultra.com/filmora ITEMS I USE: Polybags: amzn.to/2ITd2vF GoPro Hero 9: amzn.to/3ipv6Pm Magnet Fishing Magnet: amzn.to/2IWk2Ij RODE Iphone Mic: amzn.to/2L0eqPY Yeti Mic: amzn.to/31QMVOO Tape: amzn.to/2WMuVkF Scotty Peelers: amzn.to/2FiHP3X Goo Gone: amzn.to/2INhnAA Heat Gun: amzn.to/2XpY3CE Bubble Wrap Sheets: amzn.to/31FZpZt This post contains affiliate links. I wasn't explicitly clear but this is for Amazon.com. If you primarily sell on eBay, you would just use the eBay seller app to look things up.
Hey Walter, interesting video. I'm looking for the connection here. You spoke of Payability, but where does that come into play? You scan the titles for selling price, you purchase the books, you ship to Amazon. How does Payability fit in and how do you get paid by them? Thanks!
@@normac9931 that's not true, I sell high volume and they're a lifesaver, especially since dipping out of my personal funds to do business stuff is a bad habit.
I legitimately have over $200 worth of books from Dollar Tree that I have piling up @ the bottom of my closet bc I just can't bear to toss em out after I'm finished reading them. this is great info! thank you!
It has been one of the best decisions I've made for my online business. It's a real directory with real wholesalers,drop shippers, and manufacturers, So I highly recommend if you are looking for a honest, and reliable directory for your business you should go with *MyOnlineSelling. Com* You won't regret it.
A heat gun and Goo Gone takes off that white label they use to cover the UPC code on the cover. I use a baby wipe with a drop of dawn on it to wash off the greasiness from the Goo Gone. The book covers are surprisingly water resistant.
Curious, do you ONLY sell books as ‘New,’ never ‘Like New’? Wondering because I buy a lot of books at used book stores (and also thinking of those remainder books from Dollar Tree). Also, for smaller sellers would it be more profitable to ship books on your own, or do you recommend always using the Amazon storage & shipping?
I'll dollar tree making my monnneeeyyy ! Oooh yeah thanks so much luv when I make a million I'll send you about 50 grand lol thanks for the idea! 🤗🤗🤗🍸🍹🥂🍾🍾🥂😎😎🤗🤩🤩🤩🎆🎉🎊🎉🎉🎈🤩🤩🥂🥂👍👍
Hey Chance, I do books on FBA as well. I range about 50-100 books sold a month. I have been doing it for about 4 months, and throughout this time, I have only had maybe 2 returns. Which I tend to just send back with my next shipment anyways. It's not a deterrent, at most you're looking at 2-4% loss in revenue from returns.
@@ClaudiasBurningInk I would reccomend thaf you do. If I bought a book from Amazon and decided to remove the Amazon SKU sticker and then found an underlying sticker from dollar tree I'd be annoyed Haha. Amazon says there should be no other stickers or price tags on the books besides the seller SKU. You also want to remove it to minimize any sort of negative feedback. Also looks much more professional 👍.
@@theremodelstudio2750 I have not purchased from dollar tree, but I do purchase from any thrift/mom&dad thrift store I can find. When I started, I was sourcing books for maybe 5-10 hours a week. Within that time, I'd find roughly 300-500 worth of profit. Then you have to add the time it takes to get your first shipment set up, which seems hard at first, but after a couple tries it becomes natural. You'll see that you will develop your own sourcing methods, and your own best times to go out sourcing for books; when to rotate to the same store; when these stores have sales; and etc. I can't tell you how much now, but with just an extra 10 hours a week you can definitely make an extra 500-1000 a month, depending on the finds.
@@skysthelimitforeveryoung3437 There's added fees he didn't bring up either. $40/ month for an amazon seller account and profit bandit is $10/ month after 20 free scans. Every book I've looked up so far I'd be negative in profit. Just a heads up.
@@WhatTheFishFry I have seen similar warnings . Can anyone provide any other insight or feedback on high inventory storage fees, these fees and mounting costs.
So far I am very happy with *MyOnlineSelling. Com* The suppliers list is impressive! It helps big time that they have already checked them out so I can contact them with confidence. Also, I am a beginner and have lots of questions and I can honestly say the their support team is super helpful - good vibes. And that's my 2 cents :-)
After you are an Amazon seller, you will be able to log in and use UPS with Amazon's rates -- a great deal for sure but something to be considered. Amazon has LOTS of warehouses and you might have 50 books and 40 of them go to one warehouse and the other 10 are spread out between 3 or 4 warehouses. There are all kinds of ways to work around that but, mainly, if you don't have enough product to make a decent sizes shipment you are going to be paying more. Not a naysayer. Amazon can turn some good money but you have to pay attention and know what you are doing -- read all of the online training and such because, otherwise you won't make any money and will have lots of troubles -- and don't forget, Amazon can kick you off, forever, without any explanation so you are always playing by their rules -- so you better know them. I don't think it is nearly as easy as it used to be to make money with retail arbitration.
The real catch is thrift store trust me I’ve never thought about this but I find the cheapest steals from thrift store mostly new stuff too like I like new cheap things and I actually just got an idea from you to sell some of the things I brought thank you!
What are you trying to sell? If you're restricted on that item then getting cleared is a long process and receipts won't work, but for selling books you don't need any proof of supplier
@@Coolguy26250 So even if I have Ooodddlleeess of Books that are in AMAZING no different than just purchased condition I can legally sell them...? Appreciate It King!
@@jacquijasieniecki9931 even if they're in used condition you can still sell them, but if it truly looks brand new fresh out the store you might be able to list as new but otherwise list as used
here's one big problem, the books sell on amazon for 5 dollars sometimes, and they even include free shipping. It aint like you get full retail price for the book when somebody else is selling it for 5 dollars, even if you fulfill yourself, by the time you pay shipping you may make 2 dollars, that is on the prayer somebody wants that book. If you could sell it for retail it may work, but not this way
If you watched it, you don’t understand what’s amazon FBA is. I have stopped explaining things to people that I have made videos on. There are other youtubers who have made great videos about how Amazon FBA works too.
@@WBKnoblock Let me show you what Im talking about. I have a book in my hand, cost me 1 buck at dollar store. I type in the amazon calculator sellercentral.amazon.com/hz/fba/profitabilitycalculator/index?lang=en_US cost of item, 5 dollars (thats what its selling for) selling on amazon fees 2.55 fullfillment by amazon fee 4.92 Total Fullfillment cost 5.17 Cost of item 1.00 Profit: -3.72
About a decade ago I used to collect books from local used book stores and then sell them on amazon to pay my car insurance because I only made $50/wk (plus a room in a 'rustic' cabin and 3 meals a day). The last time I tried to do this it cost money to be a seller :(
I worked at a Dollar Tree in Jackson WY. I was a cashier and every week on the same day of the week a guy came in and bought hundreds of books. His cart would always be full of them.
After about his third visit I asked him, whay do you do with them all. He said he resold them on Ebay, Craigslist, Facebook Marketplace, etc and made 1000's of dollars a month. Some he kept or gave as gifts but most he sold!
IamRxJ Vegan why would someone tell u why he doin it 😆 I would say their for kids in the hospital or something
IamRxJ Vegan sorry I meant to reply to the paragraph the person wrote above you.
@@aydriebrownieasmr7026 Success breeds success
@@aydriebrownieasmr7026 ~ next time try English.
moncorp1 Inc what
I made 10 cents!!!! By picking a dime from the ground
Me too. Found 12 cents in one day.
I avg. 30$ a year off the ground change.
lol
Kay Hershey LoL scam
Anthony Folkes doesn’t work
This does not look like my dollar tree
Books are everywhere but the shelf
Maria Ramirez .. I thought the same thing. I was like, your shopping carts are organized. And you have some.
Same here. The book area looks like war torn Beirut.
Kay Hershey No❤️
Thanks so much for all your help.
I guess its where you live. We have about 3 or 4 in my city, they are all clean.
Fun fact. Amazon started off by being an online retailer for books. Amazon sold books.
Another one: Jeff Bezos used to order from Powell’s online book store to fulfill amazon orders.
@@WBKnoblock Another one, the Amazon spheres are referred to as "Bezos Balls" in Seattle.
UЯR. I forgot about that.
Fun fact Amazon only survived as abusines because they moved away from owning inventory of books! Re-selling novels is a pocket change hustle. If you're going to sell books sell art books (coffee table books), text books or relevant tech books at least with those books you'd make $5-$100 profit and not $1-$10. Time is money!!
DJ Khaled: Another One
Does he remind yall of Seth Rogen???
People say that a lot
Same thought here! Lol
first thing I thought tbh
omg i just posted on that right before I looked at your comment!!!
Yes, a bit. I was thinking the same thing. An he's very entertaining.and likable. Good stuff. 👍😜✌😊
"If you can't handle the mess, try being an adult".... I'm never going to forget that
lol, people just seem to get so worked up over little things that don't matter!
@@WBKnoblock One of my friends who had a warehouse like yours,,,also worked for Hollywood in the mask making dept,, he was that good. So clutter is not always a bad thing.
Even if you have no intention of selling, this channel offers some great insights into how retail works! Always something cool to learn here.
yeah he is quite good.
Exactly.
It is still good to hear from about this.
Try out FROZ ENP A. C 0 M
Dollar Tree books are probably the best bargain in the store period!
banjo playing bison I disagree thrift stores are the real winners here lol ... for food and gift stuff def dollar tree
@@TIAOFNEBULA I'm sure its different everywhere you go, but yea my goodwill has a lot of good stuff I'm looking forward to my next time going
@@TIAOFNEBULA and seeing good looking black girls AT the Dollar tree is a plus, too! Lol
@@TIAOFNEBULA I concur - you right!
@@JesseH76 shiittt, you already know!!!
Same concept with movies. Jillian Michaels dvds pop in from time to time. Were 10 bucks each at Walmart, now $1 each at DT. Buy and resell!
Correct!
Kelley Mickevicius wow 😯
Isn't selling dvds illegal?
@@OmarLopez-kh3dx if the DVDs are ripped (pirated) yes but if they're legitmately purchased no.
A side note: If your business doesn't meet the $2000 monthly threshold, Payability will automatically reject your application. So don't waste your time if you're not at that level. THEY WILL ASK FOR PROOF.
Thank you he should have mentioned that in the video 😩
@@lemonwater8961 You're welcome.
Yeah there's also a $40/month fee to be an amazon seller as well as $10/month for the profit bandit app after 20 free scans. That's why it pays to do your own research.
Annnnndd there's the kicker. Thanks ✌
@@lemonwater8961 Because he's hawking their service, why would he mention that? He wants to create web traffic for them.
For those that seem to be insta-hating on this, I have a question: Have you even run a business? Asking an honest question, not trying to flame. Because I have. 2 weeks waiting for payment for something you sold, is 2 weeks that money isn't working for you. Let me break down some math for you about exponential growth.
Granted, this is going to be a bit of a simplification, but it'll show it's potential. And part of that is going to be only referring to 1 "item" when in fact you'd quickly diversify, to meet more needs and increase overall sales. Also, the starting point will be enough resources for 1 item.
So, if you have an item that you can reliably sell every single day. But, lets just say, for argument's sake, that you can only sell ONE of those items per day. And lets say that's a 100$ item. And that the item costs $10 to acquire. Also I'm not going to factor in most of the fees, as that changes regularly, but I'll include the 2% knock off from Payability to show how a small percentage to increase turn around can be beneficial.
If you have to wait 2 weeks before getting your money, the cycle will look like this.
Day 1 Acquire 1 item, Sell 1 item,
Day 2 - 13: waiting for money, nothing acomplished
Day 14: paycheck received from Amazon 100
Day 14: 90$ profit, can afford 10 Items now
If you get your money the next day after a sale, the cycle will look like this.
Day 1 Acquire 1 item, Sell 1 item
Day 2 Money received +$98 (2$ to payability fee), 9 Items bought[-90], 1 item sold, 8$
Day 3 Money received +$98 (2$ to payability fee), 0 Items bought, 1 item sold, 106$
Day 4 Money received +$98 (2$ to payability fee), 0 Items bought, 1 item sold, 204$
Day 5 Money received +$98 (2$ to payability fee), 0 Items bought, 1 item sold, 302$
Day 6 Money received +$98 (2$ to payability fee), 0 Items bought, 1 item sold, 400$
Day 7 Money received +$98 (2$ to payability fee), 0 Items bought, 1 item sold, 492$
Day 8 Money received +$98 (2$ to payability fee), 0 Items bought, 1 item sold, 590$
Day 9 Money received +$98 (2$ to payability fee), 0 Items bought, 1 item sold, 688$
Day 10 Money received +$98 (2$ to payability fee), 4 Items bought[-40], 1 item sold, 696$
Day 11 Money received +$98 (2$ to payability fee), 0 Items bought, 1 item sold, 794$
Day 12 Money received +$98 (2$ to payability fee), 0 Items bought, 1 item sold, 892$
Day 13 Money received +$98 (2$ to payability fee), 0 Items bought, 1 item sold, 990$
Day 14 Money received +$98 (2$ to payability fee), 0 Items bought, 1 item sold, 1088$
So, between those two: On day 14 with option one would would have all 100 of your hard earned dollars... congratulations. You paid nothing extra, you kept a tight grip on your money. But with option two, because you were able to increase turn around time, on day 14 you had $1,088 in your pocket (even after paying the fees and having to buy more stock) That's nearly 11x the money.
Now, for extra fun, lets say you found a local item that is absolutely HOT! As in, you can't keep it in stock, no matter what you do. They sell as quickly as you get them. And, Yes, this type of thing does happen from time to time with some trends. Especially if you can buy it locally where it's abundant and probably under appreciated, and then sell it online where those dying to find one can get their mitts on it. Think Furby, Tickle Me elmo, etc. Yes, they're fads, and will puff out eventually, but in the mean time you can make SERIOUS bank.
So, for this one, I'm going to everything the same as I did with option 2, except, constant sales.
Day 1 Acquire 1 item, Sell 1 item
Day 2 Money received +$98 (2$ to payability fee), 9 Items bought[-90], 9 item sold, 8$ Left
Day 3 Money received +$882 (18$ to payability fee), 89 Items bought, 89 item sold, 0$ Left
Day 4 Money received +$8722 (178$ to payability fee), 872 Items bought, 872 item sold, 2$ Left
Day 5 Money received +$85,456 (1,744$ to payability fee), 8,546 Items bought, 8,546 item sold, 8$ Left
Day 6 Money received +$837,508 (17,092$ to payability fee), 83,751 Items bought, 83,751 item sold, 6$ Left
Day 7 Money received +$8,207,598 (167,502$ to payability fee), 820,760 Items bought, 820,760 item sold, 4$ Left
Day 8 Money received +$80,434,480 (1,641,520$ to payability fee), 8,043,448 Items bought, 8,043,448 item sold, 4$ Left
Day 9 Money received +$788,257,904 (16,086,896$ to payability fee), 78,825,790 Items bought, 78,825,790 item sold, 4$ Left
Day 10 Money received +$7,724,927,420 (157,651,580$ to payability fee), 772,492,742 Items bought, 772,492,742 item sold, 4$ Left
Day 11 Money received +$75,704,288,716 (1,544,985,484$ to payability fee), 7,570,428,872 Items bought, 7,570,428,872 item sold, 0$ Left
Day 12 Money received +$741,902,029,456 (15,140,857,744$ to payability fee), 74,190,202,945 Items bought, 74,190,202,945 item sold, 6$ Left
Day 13 Money received +$7,270,639,888,610 (148,380,405,890$ to payability fee), 727,063,988,861 Items bought, 727,063,988,861 item sold, 6$ Left
Day 14 Money received +$71,252,270,908,378 (1,454,127,977,722$ to payability fee), 0 Items bought, 0 item sold, $71,252,270,908,384 Left
Now, before you say anything about this, NO this isn't something I find very likely to happen[with returns measured in trillions within 2 weeks]. And it's never happened to me to this extent. There does come a plateau point at some point along the line.I mean otherwise, day 11 represents every single person on this plant buying 1 on that day. This is just what is THEORETICALLY possible, based on exponential growth. Basically at some point either you're going to run out of the item/ resource, or everyone's going to have what they need and not need / want anymore. [which is why diversifying is so important for long term goals]
But what this DOES illustrate is the power of exponential growth. The real numbers for what are likely to happen, are far less, I'm sure. But, I'm even more confident that the real numbers are, in fact, much higher than option 1. Because the money is constantly growing steadily instead of quick spurts.
Also, because I know how comments sections are, I have no connection to payability. Nor this channel. But I do intend on looking into payability in the future to see if it's something that'd fit into my own specific workflow situation. If it's not, I won't use it. I'm just saying, don't disregard things without actually looking at them, and factoring in the big picture. You're doing yourself a big disservice.
Failure to do so is why the majority of small businesses fail within the first couple years. Yet I've managed to keep mine going for almost 13 years.
Wow! The books at your dollar tree are actually all nicely organized.
I was just thinking like damn well this definitely isn't new york
If you can't wait two weeks for a paycheck you aren't managing your money- your money is managing YOU. I would NEVER give 2% of my hard earned cash up to some random middle man just so I can get paid the day after a sale. Don't use Payability people. (That's the only problem I have with this video that really jumps out at me)
Sometimes you gotta pay to play. It sucks but not everyone has a savings account or predictable income.
@@WBKnoblock Then they should make it a point to learn to how to save because learning how to spend is easy. I know roughly half of Americans don't have a $1000 saved which is just sad.
@@nicholashildenbrand8632 I used to be this way, thank God that has changed
Hey, do you have a 9-5?
Depends tho. I'mo I'd wait for the 100 in 2 weeks. But if I could get 10 real fast, make 30 off of it. 50 +100. But if I had money to start off with then I wouldnt have that problem. So i only see that service as a once time use.
WOW! Reading the comments here...Okay you'all. It's simple. YOU DO NOT have to sell books. Use your imagination, Think outside of the Box! Each $Store is like a yard sale or a thrift shop. A good portion of there product is the same the rest is like Christmas :-)
As in ANY business you have to work, do your homework (and for those of you who do not like homework, Suck it up! or move on!), LOTS of research. You will need to make a 'Game Plan' and stick to it.
You do not have to do it Walters way...BUT he is giving EVERYONE an AWESOME idea. It is up to YOU to make it happen.
In today's economic two things are happening, Homeless is at an all time HIGH!(of no fault of there own; loss a job etc) MANY ways to become your own boss. Some have engineered both together making it work for them.
Don't rag on Mr. Walters' because YOU DO NOT like his idea, others may, and others may even try it out for themselves. It is somebody's 'Cup of Tea', just not yours.
Here's something I use to tell my mom: You don't have to like someone, just respect the differences between you both and move on :-) And if you don't like that one here's one for you: Your Only Limitation is Your Imagination Darling! It has been mine for 20-yrs, you may borrow it :-)
😃
Eh its all hustle i can get a job sitting on my ass making 900 a week playing on my phone as boring as it is better than brain storming costantly on how to make the next hustle
Im not bashing your way of making money but i think what your doing is comparable to having a lamborgini and only ever get up to 30 miles an hour its like you would have all this motivation to keep your mind busy and your using it all to find the laziest way to do it witch pays verry little when all you need to do is apply for the right job and work at it for a while
Coty Kills everyone has a different level of passion and drive.
@ right!!! i was like i'll take 3 of those jobs!
@@cotykills4943 you have peaked my interest. I have 3 phones. Only 1 is on. How can I cash in on your 900 a week job? More info please?
Half the time I don't know if he's yelling at me or excited! Lmao
Luv this dude's personality
Try out FROZ ENP A. C 0 M
"We're back in the warehouse"
Aka
Extra bedroom in Mom's house
You’re being a shithead again
Hey, if you can cut out rental space to increase profit margins, why wouldn't you? Heck, I'd use my dog's house if there was enough room.
@@Maxavian It should be really, really obvious to everyone here that this is a stand-alone building rent.
@@WBKnoblock Honestly with the intelligence level of MOST people in the world, they probably didn't find it obvious at all.
LMFAO. Nailed it!!
So helpful! I just got approved yesterday and have been sourcing. Excited to start. I didn't think I could do it but you're so encouraging. Once I get on my feet and have some extra cash I'm definitely going to be a supporter of your channel! You're awesome!
Nice! You can do it!
I got a regular who comes in for books 🤣 90% of the time we know, we just dont care because it's one less thing we have to clean up or recover 🤷♀️🤷♀️
I would be would kinda surprised/upset if someone did care, I mean the store still makes money every time he comes in, what should it matter what he does with products he purchased.
@Melanie G I'm not disagreeing. We get certain buyout items from big box stores that still hold shelf value elsewhere., i was just trying to be funny. I'm the closing shift assistant manager in a high volume store and if someone wants to come in and buy it all I wouldn't even blink; my responsibilities are mostly recovery and cleaning up the store though and the more people buy the less I have to clean up before truck day!. what other people do with their money and how they make that money aint my business❤
I’m cracking up because I am a book reader and I recently told my coworker that I have been buying books from there for a dollar. I was impressed they had a lot of hardback books.
😃
Ever purchased one that was signed by the Author??
I still have several brand new books that were signed by the author. I almost returned a couple one time, because I already had a copy in my collection, but I realized at the last second they were the wrong books. In truth they were some of the few that I had not looked inside and noticed that they were signed. The cashier's eyes lit up for a few seconds, until I quickly retracted and then brought the unsigned versions back. LOL...
There was a time several years ago, when I used to buy about 2-5 new books every time I went into the $$ tree... I ended up with at least 1000 books. The total number of books I bought filled more than 35 boxes and more than 95% of the books were hard back books. Most of the boxes were those large boxes that hold 10-12 reams of paper for your printer, like when you buy in bulk/by the case, from Staples or any other office supply store. My boxes were slightly nicer and a little larger, but similar to that style of box. More than a third of a large moving truck had boxes of books, with at least 90% that I purchased at the $$ store.
About 12 years ago, I came up with this same idea... While in college; I used to buy my textbooks online and then sell them back to the campus bookstore for more money than they cost online. Or I would sell them online if the bookstore's buy back price was too low. That's how I funded my book/textbook buying during my undergraduate programs and even my Master's program. I was doubling and tripling how much I spent on my college textbooks. Doing this, and then filling my addictive need to buy more books all the time at the && store, made me think about whether people were buying and then selling them online... and at the time I found no one that was doing it, but it worked if you were willing to take the time and get serious doing it.
Anyone remember or ever use Half.com?? I've bought and primarily sold tons of books that way... I first learned about half.com, about a year or two after it first opened. My sister knew someone that I helped for a short time, selling tons of books there. He had thousands and thousands of books. It was as if the main library of a decent sized city, was moving to a different location, and all the books were stacked ready to be boxed, and some of them were already boxed, and then they were just left there unmoved. The space they filled was easily 2000 SqFt. & from 6-8' high of nothing but books. He had no idea how many were there or what books we might find. That was why I was helping. It was nothing but pure heaven for a bibliophile like me. :-D
Justin Taylor that’s funny. I remember buying books cheaper at a different University for lower price and selling them back for more after class. Back then internet was not as accessible like today. I am unsure about the authors signatures, I will check go forward. I don’t know if I will sell my books maybe those books I have more than one copy. I met someone that has 28k books I was jealous. The movers thought I was joking about the boxes of books. They were not happy because I put fragile on the boxes. Most women get excited about shopping. I get excited about looking for books. I have purchased from half.com and alibris.com
the Dollar store here, knows. They said, "These are books that would be thrown out....almost every one of these books is over run." If they don't sell at Dollar store they go into the dumpster. You are doing a good thing.
I tried this. Several times on amazon and ebay craiglist. I wasnt able to sell any thing. I didnt even lose out luckily because most of time i get them fpr free. But finding whats going to sell..is the hardest fricking part
And I’m over here trying to make a living by making my own products from scratch 😂🤣 well at least they come out beautifully.
Socorro Turney we all start somewhere 😁
@@kayhershey6390 no.
What do you make?
What products do u make?
Same here, I love doing it but there's not much profit
I have a friend who sells items on Amazon. He prefers to sell antique/retro items like board games and thrift store items you can't buy new anymore. He also does an thing I found very odd: he buys normal snack food items like potato chips and sells them on Amazon for double the normal cost (after buying the item on sale). Bag of chips normally $3.99, buys it for 2/$3.99, sells one bag for $11. He said it sells as it is shipping to Amazon because certain flavors of chips, corn twisties, etc. aren't sold in certain areas and people will pay more to get their favorite flavors.
Where I live there 5 different dairies that sell milk and ice tea, and have die hard fans of their taste. If someone moves out of the area/state, some will have a friend bring them a few gallons during a visit just to enjoy an old familiar taste and bring back memories. Strange when your first think about it but it happens. This guy has something, just a different style.
You probably couldn’t wait to use that term. 😂
Good idea. Found 1 of my favorite books from the dollar store. Bought multiple copies to give to friends. 1 thing-since we get 1 earth maybe go in w a huge reusable bag vs taking all the plastic bags. Plastic is 1 of the things killing the environment.
He's likely making more money with that payability link then he does selling books.
You sure about that? ua-cam.com/video/66mKnaxNj6E/v-deo.html
Nope.
Than* bro Thaaaaaaaan!!!
@@WBKnoblock as an Amazon seller it seems you have to pay $39 per month just in North America. True?
@Karen Morris I seen "Awakened" by P.C. and Kristen Cast inside those Books! They were a very popular Book Series, and the Movie Rights to the Books were also purchased by a Movie Producer to make a movie about them. I was shocked to see that book in that store! I have the whole series, and I love those books!
Instead of calling it a mess, just call it organized chaos 😂
That’s right!
So clever.
I love it...lol
I found a 4 CD of classical music for
$.50 at the Dollar Tree.
Love it...background relaxing music 🎶 🎵
Romper Bomper Stomper Boo --Reading out the names like that reminded me of Romper Room! Mostly Baby Boomers will get what I'm talking about. : )
Yes, except for the fact that she used to say, "I see..." before a name. Remember? I see, Edward & Thomas, oh, there's Amber & Grace... lol back in the good old days!
I haven't heard of them in decades LOL Memory's :-)
Hahah yesss I remember that, loved that show!! Wow that ages me! 😂
I once found a signed Rick Springfield book!
I don’t know who this is
Walter Blake Knoblock The musician, “Jessie’s Girl”
@GoreJess11 did you keep it?
@@WBKnoblock i feel older than i already am by this question. Lol
How much did you sell it for
Decent content, useful tidbit. I would advise not yelling the entire time tho
dont worry LOL
Yes. That was annoying, distracting and not necessary.
He’s annoying as fuck
Yeah he a bitch!
He is.freaking annoying
A video on how you source your books using Profit Bandit would be dope to watch next. Looking forward to watching more book arbitrage videos from you.
My dollar tree doesn't sell books probably because of people like you lol hahah keep up with the good work..
No
mine sells books but instead of displaying like this they stack sideways so you hafta turn them all toward the spine to see titles...
wth
Different DTs keep different products in stock. Your local store may not have much demand for 📚 🤷.
@@sarahbraswell-gonzalez2529 Haha so true
What do u mean by "you people"? 🤣🤣 j/k
I don't know how I ended up here but this is actually a good way to make a little extra cash on the side if you're frugal. This applies to all kinds of things but be careful of local laws and ordinances. Once you get yourself going you can always get legal.
This looks like much more fun than getting paid for mystery shopping and doing random tail surveys. Haha! Thanks for this inspiring video, my dude! :D
Yes! Much better!
If you cant handle the mess...try being an adult 🤣🤣🤣
I loved that!
4:52 I see Febreze and scented fragrance air fresheners, these seep into your surroundings like clothes, books, it soaks into everything! This is something buyers will notice if their products smell like nasty air fresheners if you spray that around your products!
'Try being an Adult!'...
I'm Flatlined..😂😂😂
I love you. Don’t defend the mess. It’s your house do as you like!
Hey most people are so happy that someone found the book they wanted they don't care. Loved this . New friend Ruthie
Also all the negative Nancy’s on here are funny. Y’all are just mad because he is making and doing his thing to survive and be successful on his own. So anyways more power to you for your upbeat fun informational video. Forget all the negative 👎 people!
Right they are jealous of him, I used to resell books on Amazon years ago but my account got suspended. I wish I could get back on their you can make a shitload of money just selling books on Amazon
@@peacefuldays4255 why is your account banned?
@@investornabil8825 my boyfriend at the time gave me some dvds to sell once we saw how easy it was with the books, turned out the dvds were bootlegs from China that's how it got suspended.
Wow. This is the best simplest explain of how FBA works I’ve heard. I’m going to try out this book sales idea today and come back and leave a comment.
Awesome! Don’t forget to try used books too! That’s better IMO
Did you try it?
That book is being sold for .10 plus shipping used and $2.37 plus shipping new on Amazon. You're not going to make your money back, let alone a profit after the FBA fee.
You don’t understand how amazon buy box works
I have no idea why I watched this. But hey you got a thumbs up for it and me, well my head is spinning!
mine also lol
I enjoyed it too. Did you have a coffee buzz?
I actually think he looks like Seth Rogen + James Franco's love child.
I was definitely thinking James Franco! Same eyes!
I appreciate you so much for this. Ive been trying to learn more about Amazon FBA & you explained it soo much more simpler thank you
Gen. Dollar: You dare exploit my merchandise and re sell it for your own gain?
Walter Blake Knoblock: Of course!
Gen. Dollar: Great job. I thought someone was going to do this one day if I offered low priced merchandise.
Its an organized adult mess lol. Notice he knew where everything was 😂 Very helpful thanks!
I recently read that the owners of Dollar Tree are thinking of raising prices store-wide, so they'd be like other dollar stores where stuff actually costs more than a dollar. And here I was a few months ago, thinking of trying exactly what you did in the video (but with more than just books). Depending on how much they raise prices on items, it could end up cutting into the profit, and making the effort not worth it. Hopefully it doesn't happen anytime soon.
By the way, great video, it answered some questions I had about the whole FBA process.
Check my channel for more informative FBA videos- there is a lot to learn. The dollar store angle is just a fun gimmick to learn the process.
Most things are not worth more then dollar if they raise prices peoe will quit shopping. I.go there to get things that ate to expensive at other stores.
I read the same. What I understood was they are thinking of "closing" all of the Dollar Trees and re-opening them under one of their other store names where they sell things for a dollar and up...
I never knew about selling Dollar Tree books...great idea!!!
I am going to look into this a bit. My dollars tree aren't neat like yours and there aren't as many books, but it certainly seems like a good idea. I keep seeing adds for FBA but they show flashy cars and vacations with free seminars that are trying to sign you up for their system. Thanks for your info.
My $0.02? DO NOT PAY THEM ANY MONEY, I teach all that stuff for free on youtube.
Friendship with me 🙏
I used to go to thrift stores and select books I thought would sell. I would bring them home, and go on Amazon to see what they were selling for used. Sometimes I could make a profit worthwhile, and sometimes not. Occasionally, I would hit gold. Sometimes a book would be quite rare and be selling for a lot. I was at one point making $300 per month after expenses. But I will say that it is labor intensive. After listing the book on Amazon, if it sold, then I had to make sure it was nice and clean, package it up well, and take it to the post office. I might make $4, $5 or $6 on it, maybe. Leftover books I would take back to a thrift store and re-donate them. As I said, it is labor intensive, and not for everyone. Cost of postage (back then), wrapping material, gas to go to the post office, time and effort (whew!) I could have just gotten a part time job and done much better.
Did you watch the video? I show a process that takes the guess work out 🎩
I don't know, after Pinepple Express im not sure if I belive you. I don't know, it's like trying to make a $1 out of .50 Cents honestly it sounds like a Superbad idea it's not even a 50/50 chance, it's a risk but then again it is free content and it's not like This is the End. I may just have to Observe and Report, i'm still skeptical but if my Neighbors can make money throwing a Sausage Party, The Night before end game premiered. I guess selling dollar store books is not a crazy idea. I mean is a Long Shot but we wont know unless we try otherwise, Game Over, Man! (;
Best Rogen comment yet
LMAO
Hilarious comment 😂
I think you found your calling
I’ve been saying dollar tree books are a good line for years. I do think they have had a better selection in the past. Still I’ve found awesome novels and expensive hardcover cookbooks
Nice!
I used to kill it on dollar tree books. I always had a rule to leave fiction alone, but I remember grabbing a stack of Christmas cookbooks a few years ago and killed them. The problem is that Amazon started raising their rates on what they take out for books. So for about 6 months, I was doing ok. These days Dollar tree book-selections started going downhill, depending on location.
I am going to use your payability link oh, but I want to make sure I get a name of my business and find out about taxes and tax ID numbers and not losing my disability. Thank you so much for your videos. It's lovely that you're sharing your knowledge.
Dude, I live in the dollar store for all my “go to” items. Let’s just say you gave me a better idea of what to go for now! ☺️😂😂.
Sorry I may have missed this but how much profit total did you make off your $35?
Right so did you sell all the books and if so did you profit?
Did you sell all the books? How many left?
I found a book at the Dollar tree. Ended up being $46 when I scanned it
Dang! Nice!
@@WBKnoblock You mean if he sells it himself for anything close to that. Then yes it would be "nice" then!
How much did you sell it for?
Are you familiar with the predictability of sales rank? When you understand it, trends become apparent.
Little known fact: I can't spell profit either, but I am happy to make a profit! But this guy is HILARIOUS. Glad to have stumbled across ya
I believe you mean P-R-O-I-F-T. :D
When submitting your receipt to Amazon for Dollar Tree items that you sold.... do you have to take a picture of the item with that receipt as well? I'm just getting started in this information would help me as I don't want to make a mistake and get my account suspended. Love your videos thank you
Hey man good video once again glad to see this upload but quick question, I’m not sure if I just missed it or if you didn’t touch upon it but how long on average does it take for you to sell the item(such as how long till someone buys it) hope to get an answer soon good video again keep up the awesome work! -Sage
You have great content in your videos. I did not want to set on the side to thank you for sharing ❤ please never stop being you, you are just amazing, here to support you ❤️❤️👍have a blessed day ❤️Tysm 💘🥀💋😊🌎💃💯🤗.
Hey! If you want to get started, here is my Quick Start Guide to Retail Arbitrage! Gumroad.com/WBK
Create your first FBA shipment >> ua-cam.com/video/9gzH9JXZaN0/v-deo.html
Dollar Tree Arbitrage >> ua-cam.com/video/wl___5ICUwk/v-deo.html
Dollar Tree Toothpaste >> ua-cam.com/video/03yRe-TBVRQ/v-deo.html
Email Newsletter: eepurl.com/gvcAsn
My Facebook page: facebook.com/WBKUltra
Entrepreneur facebook group facebook.com/groups/WBKUltraGroup/
$250 signup bonus for Payability go.payability.com/WBK
Free Business Insurance Quotes: wbkultra.com/business_insurance_quote
FREE version of the video editing software I use: wbkultra.com/filmora
ITEMS I USE:
Polybags: amzn.to/2ITd2vF
GoPro Hero 9: amzn.to/3ipv6Pm
Magnet Fishing Magnet: amzn.to/2IWk2Ij
RODE Iphone Mic: amzn.to/2L0eqPY
Yeti Mic: amzn.to/31QMVOO
Tape: amzn.to/2WMuVkF
Scotty Peelers: amzn.to/2FiHP3X
Goo Gone: amzn.to/2INhnAA
Heat Gun: amzn.to/2XpY3CE
Bubble Wrap Sheets: amzn.to/31FZpZt
This post contains affiliate links.
I wasn't explicitly clear but this is for Amazon.com. If you primarily sell on eBay, you would just use the eBay seller app to look things up.
Hi Walter, thanks for this, going to check it out asap. Is there a way I can contact you privately sometime after I watch the vids ?
Will this work for eBay?
Hey bro hope your doing alright, just wanted to let you know that your link isn't working
Hey Walter, interesting video. I'm looking for the connection here. You spoke of Payability, but where does that come into play? You scan the titles for selling price, you purchase the books, you ship to Amazon. How does Payability fit in and how do you get paid by them? Thanks!
@@normac9931 that's not true, I sell high volume and they're a lifesaver, especially since dipping out of my personal funds to do business stuff is a bad habit.
One of the easiest videos to understand on the subject, thanks!
I legitimately have over $200 worth of books from Dollar Tree that I have piling up @ the bottom of my closet bc I just can't bear to toss em out after I'm finished reading them. this is great info! thank you!
Sell em!
Friendship with me 🙏
you are channeling Seth Rogen right now....i gotta go check out payability
It has been one of the best decisions I've made for my online business. It's a real directory with real wholesalers,drop shippers, and manufacturers, So I highly recommend if you are looking for a honest, and reliable directory for your business you should go with *MyOnlineSelling. Com* You won't regret it.
Lol I work for dollar tree man lol. I'm not mad tho make that money a hustler recognize a hustler 🤘👌
You gotta good attitude Josh - Hey - give Eric my best too brah!!!
@@jasonbunner6114 what he had a piss poor attitude
A heat gun and Goo Gone takes off that white label they use to cover the UPC code on the cover. I use a baby wipe with a drop of dawn on it to wash off the greasiness from the Goo Gone. The book covers are surprisingly water resistant.
What label are you printing and putting over the barcode to ship to Amazon? The Mfg. barcode from the ISBN or an Amazon barcode?
The Amazon barcode or FNSKU that you print out. You put that over any other barcode.
wow...this makes so much sense. Yes, you got your point across. This sounds pretty wild.
Wow! I buy books from Dollar Tree just because I like to read. Didn't know I could make money selling them!
"If you can't handle the mess.. I dunno.. TRY BEING AN ADULT!" 😂😂😂
😬😬😬
Curious, do you ONLY sell books as ‘New,’ never ‘Like New’? Wondering because I buy a lot of books at used book stores (and also thinking of those remainder books from Dollar Tree). Also, for smaller sellers would it be more profitable to ship books on your own, or do you recommend always using the Amazon storage & shipping?
Lit Loving Science Teacher you should never sell used books as new - Technically books w remainder marks cannot be sold as new
So sell them as used, whats the problem?
I made 20 bucks selling curtains with red ♥️ .
I work at dollor tree I'm a stocker so I do now.
😂
🤣😂😆😇
😂🤣
🤣🤣🤣🤣
is anyone going to eknowledge he is stealing these books
I'll dollar tree making my monnneeeyyy ! Oooh yeah thanks so much luv when I make a million I'll send you about 50 grand lol thanks for the idea! 🤗🤗🤗🍸🍹🥂🍾🍾🥂😎😎🤗🤩🤩🤩🎆🎉🎊🎉🎉🎈🤩🤩🥂🥂👍👍
Dog u are my favorite youtube finance guy. Ur the only non smug one and u look like ur having fun instead of acting like ur better than everyone
there's a lot of people who like to have fun! they just don't have as big of channels lol
Just out of curiosity, what is your return percentage and how do returns affect your business?
Hey Chance, I do books on FBA as well. I range about 50-100 books sold a month. I have been doing it for about 4 months, and throughout this time, I have only had maybe 2 returns. Which I tend to just send back with my next shipment anyways. It's not a deterrent, at most you're looking at 2-4% loss in revenue from returns.
@@TwayGaming do you have to remove the DT sticker before sending to Amazon?
@@ClaudiasBurningInk I would reccomend thaf you do. If I bought a book from Amazon and decided to remove the Amazon SKU sticker and then found an underlying sticker from dollar tree I'd be annoyed Haha. Amazon says there should be no other stickers or price tags on the books besides the seller SKU. You also want to remove it to minimize any sort of negative feedback. Also looks much more professional 👍.
@@TwayGaming Whats your profit so far? Do you purchase from the Dollar Tree? This is so awesome!
@@theremodelstudio2750 I have not purchased from dollar tree, but I do purchase from any thrift/mom&dad thrift store I can find. When I started, I was sourcing books for maybe 5-10 hours a week. Within that time, I'd find roughly 300-500 worth of profit. Then you have to add the time it takes to get your first shipment set up, which seems hard at first, but after a couple tries it becomes natural. You'll see that you will develop your own sourcing methods, and your own best times to go out sourcing for books; when to rotate to the same store; when these stores have sales; and etc. I can't tell you how much now, but with just an extra 10 hours a week you can definitely make an extra 500-1000 a month, depending on the finds.
Can you please make the video step by step like the first step to the end to understand the process. Thanks
Honestly. By the end I was lost.
@@skysthelimitforeveryoung3437 There's added fees he didn't bring up either. $40/ month for an amazon seller account and profit bandit is $10/ month after 20 free scans. Every book I've looked up so far I'd be negative in profit. Just a heads up.
WOW!!! This I did not know.
@@WhatTheFishFry I have seen similar warnings . Can anyone provide any other insight or feedback on high inventory storage fees, these fees and mounting costs.
@@skysthelimitforeveryoung3437 That's what happened to me also I was totally lost by the end.
Out of all the time I been to dollar tree I never knew they sold books lol
This is awesome. Thanks for spending the time to break it out in such detail, what a cool side hustle
So far I am very happy with *MyOnlineSelling. Com* The suppliers list is impressive! It helps big time that they have already checked them out so I can contact them with confidence. Also, I am a beginner and have lots of questions and I can honestly say the their support team is super helpful - good vibes. And that's my 2 cents :-)
Amazon seller app is pretty good. Because you can just point it at the cover.
Hi. Can you explain again what you said about sending/ shipping the items to amazon? what is the cheapest way to do it.
After you are an Amazon seller, you will be able to log in and use UPS with Amazon's rates -- a great deal for sure but something to be considered. Amazon has LOTS of warehouses and you might have 50 books and 40 of them go to one warehouse and the other 10 are spread out between 3 or 4 warehouses. There are all kinds of ways to work around that but, mainly, if you don't have enough product to make a decent sizes shipment you are going to be paying more. Not a naysayer. Amazon can turn some good money but you have to pay attention and know what you are doing -- read all of the online training and such because, otherwise you won't make any money and will have lots of troubles -- and don't forget, Amazon can kick you off, forever, without any explanation so you are always playing by their rules -- so you better know them. I don't think it is nearly as easy as it used to be to make money with retail arbitration.
The real catch is thrift store trust me I’ve never thought about this but I find the cheapest steals from thrift store mostly new stuff too like I like new cheap things and I actually just got an idea from you to sell some of the things I brought thank you!
Thrift stores are where I get 99% of my inventory, got lots of videos on it 💵💵💵
TIAOFNEBULA not in Mexican dominated town
Question if you don't mind. Amazon wants me to show proof of a supplier when I sign up to sell. Can I use dollar store recites or how do you do it?
try saying you buy them at flea markets?
What are you trying to sell? If you're restricted on that item then getting cleared is a long process and receipts won't work, but for selling books you don't need any proof of supplier
@@Coolguy26250 oh I got you. I didn't know that. I used to sell tv boards on there
@@Coolguy26250 So even if I have Ooodddlleeess of Books that are in AMAZING no different than just purchased condition I can legally sell them...? Appreciate It King!
@@jacquijasieniecki9931 even if they're in used condition you can still sell them, but if it truly looks brand new fresh out the store you might be able to list as new but otherwise list as used
here's one big problem, the books sell on amazon for 5 dollars sometimes, and they even include free shipping. It aint like you get full retail price for the book when somebody else is selling it for 5 dollars, even if you fulfill yourself, by the time you pay shipping you may make 2 dollars, that is on the prayer somebody wants that book. If you could sell it for retail it may work, but not this way
If you want me to help you I need you to watch the whole video.
If you watched it, you don’t understand what’s amazon FBA is. I have stopped explaining things to people that I have made videos on. There are other youtubers who have made great videos about how Amazon FBA works too.
@@WBKnoblock Let me show you what Im talking about. I have a book in my hand, cost me 1 buck at dollar store.
I type in the amazon calculator sellercentral.amazon.com/hz/fba/profitabilitycalculator/index?lang=en_US
cost of item, 5 dollars (thats what its selling for)
selling on amazon fees 2.55
fullfillment by amazon fee 4.92
Total Fullfillment cost 5.17
Cost of item 1.00
Profit: -3.72
A good Legal side hustle is always a plus! Good stuff man!
Is this still a good way to get started now? What about dealing with returns etc?
What are your recommendations to sell new books and used movies?
What printer do you recommend for printing the barcode labels? What is your projected profit on the $35 in books?
It was around $190. I use a dymo labelwriter 450 and inventorylab.
Sweet. thanks.
@@WBKnoblock
Well, by the time u deduct the time to do all that stuff u do u make about 2 bucks.
@@Warmfireandtea
Keep clocking in.
Do I need to invest in the barcode label printer when starting out?
This was good. Wasn’t sure what to expect when I saw the Dollar Store.
Thanks! I am trying to tip toe the line between clickbait and useful content so happy it was acceptable!
I purchased some dollar tree essential oils books and sold them $8.50 each thanks so much
Good work!!
This is great! Thanks for sharing your techniques. Do you have to take the barcode stickers off?
It looks like his nose will come off with his glasses!!!!! Lol...
😂
Lol
Do you only suggest Amazon fba if you're just starting or should we just use eBay?
profit bandit, "P-R-O-I-F-T"
This was certainly my favorite part.
About a decade ago I used to collect books from local used book stores and then sell them on amazon to pay my car insurance because I only made $50/wk (plus a room in a 'rustic' cabin and 3 meals a day). The last time I tried to do this it cost money to be a seller :(
Reminds me of my old high school teachers never knew if they were hollering at us or just excited 🤣🤣
😂
I have sold Dollar Tree books as well not on Amazon I never thought of that thanks for the idea but I have sold their books for at least $5
Ebay?