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|
|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|
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.