Tag Archives: spending requirement

FBA-Overview._V381560285_

App-O-Rama Update on Approvals and Spending

As you probably know we just did a large App-o-Rama, or 3BM ( 3 Browser Method) recently.  Today we will share what is going on, how we are doing the spending, and some inside tips. First, we would like to start off with screen shots of the approvals.

Under my name I applied for following cards:

PREMIER REWARDS GOLD CARD FROM AMERICAN EXPRESS

THE AMERICAN EXPRESS BUSINESS PLATINUM CARD

SIMPLYCASH@ BUSINESS CREDIT CARD

 (2) THE AMERICAN EXPRESS BUSINESS GOLD REWARD CARD

PLATINUM CARD

PLATINUM CARD(R) FROM AMERICAN EXPRESS FOR MERCEDES-BENZ

As you can see they were all approved, beside for one of the BUSINESS GOLD REWARD CARD because they considered it a duplicate application. Interesting to note, on my wife’s application I got 2 of these cards approved, possibly because they were applied for closer together.  Let’s take a look at the account and see how they are coming along.

Biz Plat spent $2.5k / 20k

Biz Reward Gold $1.3k/ 10k

Simply Cash $1.8k / 5k

The following cards I have already finished the spend on

MB Platinum Card $3k/ $3k

PRG $1k /$1k

Total I still need to spend is $29,500

Now you may notice that I did not include that Platinum card that I was approved for. Truthfully I didn’t notice until now, but it never came!!! I am on the phone with them now asking them where it is. :) Luckily I am writing this post and noticing it!

How do I do my spending?

No, we do not do refundable airline tickets, nor do we do MS (Manufactured spend) we do legit spending. here are some examples.

We bought Wii U from Best Buy for $250 each.

What did we do with them?

We sold them on Amazon Seller Central!

What are the fees and cost in doing this?

Let’s take a look at the Amazon Fee structure. View the Amazon Revenue Calculator here.

Enter in the ASIN and calculate the cost.

This item will sell for $310, and will gross $283.49 subtract the $250 I paid for it will net a profit of $33 per unit (less shipping to amazon costs)!

What were the inbound charges?

3 wii’s shipped together in one box only costed $7.75, only $2.58 per shipment.

That means each wii had a profit of over $30.

Now there are more ways that we can make this even more profitable, but we can’t share all the secrets in one day! Okay, we will share just one more. Before we bought this item we visted ebates.com look what happens. Each order adds up to some serious cash back!

Not every website gives free money but all the big sites that you are shopping on anyways will give you some cash back. Open your account today!

Next update. Wifes cards!

Read more:

Get Paid To Meet A Spending Threshold!

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FBA-Overview._V381560285_

Get Paid To Meet A Spending Threshold!

Spending threshold plays a huge role in credit card signups. If you don’t meet the threshold, you will not get any of the bonus points. Credit cards like the The US Airways® Premier World MasterCard® or the Williams-Sonoma Visa® Signature Card have no spending requirements, so some people stick with those. Other people like the The Frontier Airlines World MasterCard® or the The Hawaiian Airlines® World Elite MasterCard®, as they have relatively small spending threshold.

So you signed up for the Chase Ink Plus Business Card and the Premier Miles & More® World MasterCard® and now you need to spend $10k. You start to freak out, but that’s not going to help the situation. You are maxed out in your Amazon Payments account, and you already read our Meeting A Spending Threshold post. You about to throw in the towel and then you saw this post.

Get Paid To Meet A Spending Threshold!

Okay, we got your attention but how is it done?

Make the purchase

eBay has on it’s daily deal today  a 16gb iPhone 5s for only $599.99. Now if you would take a quick look over to Amazon.com you will see the same phone selling for ~$680 – $720. Before you get excited let’s make sure you have every detail in place to maximize this “Spending Threshold”.

How to make the purchase

Do not login to Bay to make the purchase, that would be foolish. As we always mention, there is cash back portals that give you bonuses on your purchases. Topcashback.com is offering .5% back on all eBay purchases. (If you signup via our link we will make $10.) .5% off of a $600 purchase is a $3 bonus. Make sure that your eBay account is registered for eBay Bucks. eBay Bucks gives you 2% back after the quarter. 2% on a $600 item is another $12. We are holding by $15 profit.

Once the item arrives

There is a few ways how to sell your iPhone

  1. Relist it on eBay as an auction. This is generally not the best idea.
  2. Relist it on eBay as a Buy it Now. This is a good idea, but you will not get the best value for your time.
  3. Sell it locally on craigslist. YMMV (your mileage may vary)
  4. Sell it on Amazon

Sell it on Amazon

There are 2 ways to sell on Amazon

Seller  Fulfilled

Amazon Fulfilled

What is the difference?

Seller  Fulfilled

The same way you can sell something on eBay and need to ship it out, you can sell on Amazon. Once the product sells, you will need to ship it to the buyer. Amazon will email you that the item needs to be shipped. You can bring the item to the post office and ship it there, or you can print shipping from Amazon directly. Shipping weight is 10 oz.

Amazon Fulfilled

Also termed as FBA – Fulfilled By Amazon.  This method is the best bang for your buck. There is a few reasons why FBA sells better then any other online sale.

  1. It is covered by Amazon’s Prime Shipping service
  2. Buyers know their item will be shipped out fast
  3. Items can be shipped worldwide

Buying a Daily Deal on eBay to flip on Amazon is extremely common. It is a great way to meet a spending threshold too! Selling with Amazon’s FBA is the quickest and best valued way to sell online.

How to sell FBA

Create a seller account in Amazon’s Sellers Central

Create a listing by clicking on Inventory –> Add a product

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Add the product you are selling. first type in the product name. Then hit “Search“. When your product shows up hit “Sell Yours

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You will be redirected to a product summary page. Choose the correct information.

Condition: New

Your Price: $700 (or whatever you choose)

Quantity: 1

Shipping Method: I want to ship this item to Amazon

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Select: “Save and Finish

You will be redirected to the FBA panel.
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Keep everything the way it is. “Create New Shipping Plan” and “Individual Products“. Press Continue to Shipping Plan.

Enter the amount of units you will be sending, and press “Continue“.
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Continue to Prepare Products, and then to Label Products. Print out a label for the product or Select “Amazon Labels” it only costs $.20

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Approve shipment  then click Work On Shipment.

Next you will need to put in the Shipping weight of 1 lb.

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Then “Calculate” and it will determine the shipping cost. It usually is $3.24, hit   “Accept Shipping Charge”.  All you need to do is “Print Box Labels” and “Complete Shipment”.

Bring the box to your local UPS, drop it in a UPS bin or give it to a UPS driver. The iPhone will reach Amazon’s warehouse in a few days and be put into inventory. It will take a few days to sell. when it does the money goes into your Amazon Seller account. You are all set!

Besides for being $600 closer to your spending threshold, and selling the phone for $100 more. (Keep in mind there is $60 Amazon fees.) you also made $15 in cash back plus 600 miles on your credit card.

I know this sounds like it will take 4 hours, and it is not worth your time, but hey I can do it in 10 minutes. Where do you get paid $50 in 10 minutes?

In Summary:

Get Paid To Meet A Spending Threshold b y buying on an eBay Daily Deal and selling it on Amazon!

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