I have just returned from a rare trip to the cinema, and am still stunned by the sheer brilliance of the film The Imitation Game, in which genius British logician and cryptologist Alan Turing (Benedict Cumberbatch) helps crack Germany’s Enigma Code during World War II.
I love dramas from this period, and if you throw in a real life code breaking plot, then so much the better. If you have not been to the cinema for a while, I urge you to make the effort to see this film.
Codes exist in order to conceal secrets, and it’s safe to say that if you do break a code, then that action will usually put you at an advantage.
Earlier this year I cracked a rather cryptic code of my own, and in the process of doing so, I have been able to profit from Amazon ever since. Let me explain…
(I am always looking for new ways to profit from buying or selling on Amazon.)
The formula for generating good profits is really quite simple: You need a healthy price differential between the products you buy and sell, and you need to know which products have a consistently high level of demand and are in short supply.
The trick is to get all these moons into alignment, but when applying this principle to a global superstar site like Amazon, well it’s rather a tall order, as everyone is trying to achieve the same objective.
Earlier this spring I was playing around with Amazon and eBay with the vague notion that if I could find a few products in short supply on Amazon, with high selling prices, perhaps I could source the same items on eBay with lower prices and make a profit on the margin.
This tactic of buying low and selling high elsewhere is the basis of ‘arbitrage’, a process which exists as many people simply don’t have the time, knowledge or inclination to shop around between sites seeking the best deal. Thus they might make a purchase, even though they are aware that a better deal could well exist elsewhere.
So I set about my task and was pleasantly surprised to learn that there really is a differential in terms of price and availability between both sites. With a bit of detective work I realised I could find items on eBay from within my favourite niches, such as videos, vinyl, CDs and jigsaws, which I could later sell for a healthy profit on Amazon.
I always start each search with Amazon, looking for the high-ticket items being asked by a few sellers, simply because they don’t have a lot of competition… a very nice position to be in.
But I can tell you an even nicer position to be in on Amazon, and that is when an item exists in their catalogue, but there are no sellers supplying the item at all. When this situation occurs, Amazon displays the following bold heading – ‘UNAVAILABLE’.
Every time I see the words ‘unavailable’ displayed in their search results I get excited. For I know that if I can find a matching item on eBay, I will be able to list it on Amazon without any competition at all.
Of course Amazon don’t really want you to see lots and lots of ‘unavailable’ product notices within their search results, as they ideally want to direct you to buy from their vast range of ‘available’ items… and as a result they literally hide this kind of data well out of sight.
This therefore was my quest. I was quite happy uncovering the odd ‘unavailable’ item, here and there, but I figured that if I could stumble across just one notice, then it stood to reason that all the others existed in the same database, just waiting to be found.
…And I found them. In short, I cracked the ‘Unavailable on Amazon’ code!
I smiled last week, when the jigsaw puzzle (pictured here) arrived by post, whose potential I had found using my new technique. I bought it on eBay for £13.30 (inc P&P)…
…and then sold it on Amazon for £34.96 the very same day that it arrived in the post! Before I listed my puzzle, the Amazon sales page had previously displayed this listing as ‘unavailable’.
If you would like to learn how to benefit from using my ‘unavailable on Amazon’ technique, then I urge you to take a look at my latest business blueprint, just posted to The Profit Box website. There I demonstrate how to profit from ‘new’ jigsaw puzzles by using this technique (which of course can be applied to many other niches) and I also reveal how to crack the code for yourself.
I will talk to you again next week. Until then, keep warm and happy hunting.