Back on March 22nd, I posted about an Amazon sale on Fire tablets where you could get discounted Fire 7 and Fire HD 8 tablets by using American Express Membership Rewards points. It was a good offer that requires only 1 MR points to be used in order to get the discount. I bought five Fire 7 tablets for $19.99 and five Fire HD 8 tablets for $29.99 each.
Thanks to sales tax in NYC, five Fire 7 tablets cost me $108.79 and five Fire HD 8 tablets cost me $163.24. I listed them on eBay the same day and they all sold within 24 hours for $39.99 and $57.99 respectively. I got a little lucky this time. I had an order for three Fire HD 8 tablets, another for two Fire HD 8 tablets, and another for two Fire 7 tablets. That saved me some money on shipping.
Crunching the Numbers
Here’s my calculations:
| 5X Fire 7 Purchase Price | $108.79 |
| 5X Fire HD8 Purchase Price | 163.24 |
| Cashback | $13.60 |
| Amazon GCs | $5.00 |
| Final Cost | $253.43 |
| Fire 7 Selling Price ($39.99 each) | $199.95 |
| Fire HD8 Selling Price ($57.99 each) | $289.95 |
| eBay fees ($4 and $5.80 each) | $49.00 |
| Shipping ($6.55 to $7.20) | $34.30 |
| PayPal fees ($1.46 and $1.83 each) | $16.55 |
| Final Selling Price after Shipping and Fees | $390.05 |
| Profit | $136.62 |
| 64.97% |
Guru’s Wrap-Up
A great return rate, but only $13-$14 profit per tablet. Tax and shipping cut into my profits a bit and I could have priced a bit more and would have probably still sold them pretty quickly. At least this way I only took one trip to the post office for all 6 shipments.
I’m sure some of you guys did even better, especially if you have an eBay store. Let me know if you jumped on this deal and how you fared.
