This edition of Friday Flip is coming to you on Saturday because I was lazy yesterday and didn’t want to write. This week I’m posting my most profitable deal of December. By most profitable I mean the item that made me the most profit in terms of dollars rather than the item that had the largest profit margin. It is much quicker for me to look at my spreadsheet and see which item made the most money than it would be to calculate my profit margin on each item. There is probably a way to have the spreadsheet automatically calculate my profit margin, but I haven’t looked into that yet. My spreadsheet skills are limited.
My most profitable item in December was the Nespresso Latissma Plus Nespresso Capsule System which is a fancy coffee maker. I bought this item on Black Friday from Bloomingdales for $239.99 which was a $160 discount from their usual price. Making this deal even better I had an Amex offer for $30 off at Bloomingdales bringing my total cost down to $209.99. I sold the Nespresso on Amazon for $338.95. The Amazon fees were rather high at $60.77 since this is a heavy item. After selling fees I was left with a profit of $68.19. This item sold the day arrived at Amazon providing me with a quick return on my investment.
My second most profitable item in December was also a Black Friday deal. I didn’t go too crazy buying Black Friday items since I’d read that a lot of these items become unprofitable after Amazon is flooded with them from all the other FBA sellers. Apparently I did pretty well on buying stuff that wasn’t also being bought by a ton of other FBA sellers. I think buying more expensive and heavier items reduces the competition. I’ll test that theory on Black Friday this year.
Next week I will share my least profitable item of December. I did have a few items I sold for a loss last month.