Reselling Part 7 – Reselling from Other Retailers (Best Buy, Bed Bath and Beyond, Target, Walmart, Sears)

This is the 7th part of Oren’s (from Oren’s Money Saver) guide to reselling You can check out the first 6 part to the series here:

Let’s finish off sourcing with a bunch of retailers at once. Many have a lot of similarities or aren’t that complicated and don’t deserve their own posts.  I also don’t source from these stores as often as other stores.

Best Buy

Best Buy is a great place to source from since they have frequent sales and other ways to save.  Their daily deals are always worth a check, but they are very hit or miss.  They often have 4 hour flash sales that include iPads and have very competitive prices during those flash sales.

Best Buy Rewards

You earn 1 point per dollar spent, and point are worth at least $0.02 .  Here is a chart breaking it down.  You can see that when you get to Elite Plus, each point is worth $0.025 cents when redeemed.  Elite Plus comes with other perks like points banking (instead of auto issued certificates with an expiration date), expedited shipping and extended return windows.
If you have the Best Buy credit card, you will earn 5% in Best Buy Rewards (6% for Elite Plus members) and there is usually one month a year that you can earn 10% in Best Buy rewards.

Shopping Portal

Lately, Discover has had 5% cashback at Best Buy which is a really nice payout, otherwise the portals for Best Buy are usually pretty weak.

Gamer’s Club

If you buy video games, you can buy a Gamer’s Club subscription for $30, you will save 20% off any video games for 2 years.  If you spend $150 or more in 2 years, the subscription pays for itself.You can check out more about the Gamer’s Club here.

Important Information about Best Buy Gift Cards

If you use a Best Buy Gift Card (or Best Buy Rewards), you won’t earn Best Buy Rewards or Portal Points on that portion of the purchase.  It might still be worth it but it is important to know.

Sears

The big advantage for Sears is that they usually have super lucrative shopping portals.  In addition, it used to be possible to double or triple dip in the shopping portal using gift cards and Shop Your Way points.  When all the stars aligned it was possible to earn 70% cashback from Sears purchases through a Discover card.   Alas, the ability to continue to do so is a bit unclear at this point.
Sears has loyalty points called Shop You Way points which are earned on all purchases but can only be redeemed on items sold by Sears (not 3rd parties).  It is possible to earn $0.01 per point (and sometimes more) through reselling or just using the points on everyday items but it can be difficult.
In addition, they are often part of one or two of the Discover 5% quarterly categories (Department Stores) for the year.

Bed, Bath and Beyond

Pretty simple here.  Ubiquitous 20% off coupons, discounted gift cards (don’t buy for less than 10% off) and shopping portals.  Amazing return policy if you ever get a return back to you.  No questions asked for the most part.
No loyalty points available.
Biggest problem is that their prices aren’t usually very good.  Think expensive items.  20% can be a lot of money off when you have something $750+.

Target

Pretty simple as well.  Target RedCard (or debit card) saves 5%.  There are sometimes fantastic sales like 20% off or buy 2 get 1 free, this is especially true around the holidays.
Alternatively, you can usually find good discounts on Target gift cards on the various exchanges.
Use a shopping portal but they usually aren’t terribly lucrative.  No loyalty points available.

Walmart

Same deal.  Use discounted gift cards and a shopping portal.  No loyalty points available.  Walmart just has great prices.

Gyft

One thing that many of these merchants have in common is the ability to buy eGift Cards from Gyft.  We already mentioned last week that purchases from Gyft made with your Ink card on PayPal code as 5x for Ultimate Rewards. You can also earn portal points or Gyft loyalty points (2%) but not both.

Conclusion

There are a lot of stores you can source from and each one has their unique features.  It’s important to know how to maximize your sale.  If you consistently add on 5%+ of extras besides the profit of the sale, it will go a long way!

As always, a big thanks to Oren for putting this guide to together. Make sure to check out his site and follow him on Twitter if you haven’t already.

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