Neatoscan now shows FBA Prices

I’ve been doing a lot of scouting lately – mostly due to the recent changes in Neatoscan’s software.  They now list FBA prices on the scanner.  Knowing the FBA price has definitely helped me make better buying decisions when I’m out searching for inventory.

Here is a screen shot:

Their new beta program called Neatopricer 4 Beta shows the lowest 5 FBA offers.  Plus, they have 21 Amazon product listings – so you are not limited to just media items.

I have been able to make better buying decisions because:

 

1)  When an item is flooded with lots of lower-priced FBA offers, I may not buy it.

2)  If an item has no other FBA offers, I know that I can sell it for a higher price.

3)  I can add toys and other non-media items to my inventory.

 

Toys are a bit different from media items because (in my opinion) you absolutely must use FBA to sell them.  When you sell toys via FBA you qualify for the Featured Merchant category.  As a result, your item will be listed in the top 15 on that page.

To get an idea of what I’m talking about, look at the number one best selling toy on Amazon.  The first nine offers are FBA and then Amazon comes in around 10 or 11^th place.  Anyone trying to sell this item without using FBA does not stand a chance.  Therefore, it is essential that you know the existing FBA offers when scouting for toys.

Anyway, here’s what I’ve been finding on my scanning ventures:

1)  NEW TOYS – I’ve been going to the clearance shelves in department and drug stores such as Walgreens, Wal-Mart, Target, Marshals, etc., and doing pretty well.  After fees, I usually double or triple my money.  Plus, it’s a refreshing change to go into a nice clean store as opposed to that musty old smell of thrift stores.

*Hint*  I have absolutely been cleaning up in locally owned department and drugs stores in my area.  If you have some department stores in your area that are not national chains – I highly recommend that you check those out.

2)  VHS TAPES – This has been extremely profitable for me.  Most thrift stores sell these for $.50 to a $1, and I routinely sell these for $10 on average.  I have sold many for $50+.

3)  CDS AND DVDS – I find quite a few profitable CDs and DVDs.  The only problem with these is the maintenance.  I usually have to repair the scratches and replace the cases with new ones.

4)  BOOKS – In my experience, books are usually picked over in thrift stores.  I usually check those last (if at all).  Library sales and yard sales are a much better place for books.

In conclusion, buying and selling toys has been nice additional revenue stream.  I wouldn’t be able to do this without knowing the other FBA offers when I’m out scouting.   My personal goal is to become an FBA toy expert within the next 3-4 months.  Just in time for the Christmas rush!