Jamie Oliver cooks you up £6000 in a month on EBay
Jamie Oliver's recent exposure in the UK media relating to his free range chickens campaign generated huge public interest in his latest cook book.
We noticed the book could be bought from one of our wholesale contacts for £9.99 but they were selling on eBay for upwards of £17, as the study below demonstrates.
Jamie Oliver Case Study
We've recently discovered a great opportunity in book sales on Ebay. We know, we know, Amazon have got the whole book selling thing down to a tee, right?..... Wrong! We found WholesaleAssistant supplier Book Giant selling Jamie Oliver’s latest book ‘Jamie at Home’ for just £9.99 (RRP £24.99), when Amazon were selling it at £12.97 – that’s a whopping 30% more than our supplier! One quick look at eBay found that, due to the chef’s popularity, the book was going for well in excess of the wholesale price – most auctions ending between £15 and £18.
That’s a massive 75% profit on our first book sold!
The Figures
Lets have a look at the figures. A book was selling every 2-5 mins between the hours of 11am to 8pm. That's roughly 25 per hour, equating to 225 per day. Overall we would say anything from 180 to 250 per day. That makes for an extremely profitable venture.
Book cost : £9.99
Packaging cost : £0.40
Postage : £1.80
Total: £12.19
Sale price: £17.43
Post and pack: £5.20
Total: £22.63
Profit: £10.42
You can easily shift 20 per day. That's working part-time in the evening. If you are going to do it full-time, we would expect 50-75 books a day could be pushed into the market without the price dropping substantially due to increased supply.
Monthly Earnings : £6252
This case study proves that there are deals to be had in any industry, even when you are going up against the re-sale giants like Amazon, you just need the right product. So keep your eyes peeled and check the Latest Deals regularly for the next popular item and you’ll make a hefty profit too!
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