Selling Some Books on Amazon Almost Covered My FIAT Dollar Cost Average Investment!


Cover Image For Friday Buy Day Update Post

Before We Moved Out of the Apartment

I boxed up some books that I knew I had no use for anymore and sent them into Amazon. It didn't cost me much to send them in and they were just going to take up space. So I figured I might as well see what I could get for them using Amazon's Fulfilled by Amazon program. As you know I have been investing $12.50 each week to grow my holdings of Hive Engine tokens. That includes staking Hive to reach my goal of Dolphin Status and increase my passive income from HE-Index.

Amazon sent $11.96 to my checking account this week. So my out of pocket is close to covered from selling a book or two that I had already sent to Amazon. Amazon fulfilled the order and sent me money. I still have books sitting there in an Amazon warehouse somewhere. It doesn't sound like much but it's a start. And I didn't have to go out and find the books. They were already sitting on my shelves. I just had to get off my butt and get them labeled and boxed up. Then I took them to the UPS store in town. Yeah, they take a chunk of money for that. But I look at it as outsourcing some of the work I would have to do here. Like customer service. They take care of that. It's worth it to me. And if it funds my little operation here that's another win.

My Out of Pocket Investment Went a Little Further This Week

I logged in to Coinbase to make my weekly buy of Litecoin. Every time I do this transaction I see that there is an option automate the buy to occur every week. I had been opting out of it. However, this time I didn't opt out. While I was in Coinbase I noticed that there were more videos to watch and earn some other cryptos.

What I earned from viewing the videos and the FIAT I put in bought me just over 10 Hive this week.

I used the Swap Hive feature in Hivepay to send the Hive to my Hive Engine Wallet. Then I started looking for other coins to sell and see how much more Hive I could get. As it turned out I had some Voucher in my Hive Engine Wallet. The Voucher airdrops from Splinterlands restarted this week. The Voucher in my wallet was a dividend from my HE-Index holdings.

David Armstrong, @darmst5339, is a friend I have made in the Click Track Profit Community. He created a post a few days ago about finding Voucher that he didn't know he had.

https://peakd.com/hive-119826/@darmst5339/surprise-found-vouchers-on-beeswap-i-did-not-know-i-had

That is two of the reasons to be engaging on Hive. Making friends and learning from them. I went to my BeeSwap account and logged in with my Hive Keychain. At that point I had just over half of a Voucher. I let it sit there and this week there was 0.658 Voucher for me to sell for Hive. I had just sold the 0.769 Voucher from Index right before that. All told I ended up with around 18 Hive and used it to buy 22 more HE-Index tokens.


My HE-Index Holdings are up to 1,221.5545841

The CTP Token Staking Contest Is Still Going

Today I staked 143.065 more CTP tokens. I am just doing it because it's fun to see how much I can increase my stake of CTP. After the contest is over on the 22nd of this month I will probably power a bunch of that down. Jon and Blain from CTP are launching a new project on January 13th 2022. You can listen to last night's Thursday Night Live to learn why having liquid CTP will be important.

That is it for my update this week. Have a great Friday and see you again soon!



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39 comments
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You are doing great increasing your holding and you do it very consistently. You are an example for the rest of us. Also, thank you for the mention. It is very much appreicated. Take care.

!PIZZA
!LUV

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Good Morning, David! You're welcome and Thank you very much for the nice compliment and for the tips! Have a great week! 😀
!ALIVE

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Wow! you are doing great. I like your idea of selling books thru Amazon. Do you have to sign up for the fulfillment program and then send in the books?

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Thanks, Sheila! In Amazon you sign up for a seller account. I have the individual one right now because I am not selling that much. You sign up for the seller account and then it walks you through the process. You do have to send them in. But you pay their postage rate. I sent them in back in September and they are slowly getting sold. And of course the process is a bit more involved than what I mention here. Have a great day and week! 😀
!ALIVE



Made in Canva

-- @lisamgentile1961

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Thank Lisa. Have a great day.

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You're welcome, Sheila and you do the same! 😀
!ALIVE



Made in Canva

-- @lisamgentile1961

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Hive is a great place for finding tokens I did not know that I had. Amazon FBA is very popular.
What was your final cost of goods sold?
The reason I ask is that I tried Amazon FBA a couple of years ago and my COGS was almost 62% so I stopped and eliminated Amazon as a viable sales channel for my business model.

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Yes, it is Chris! I don't actually know my cost of goods sold since they were books that I had from a long time ago. They were just laying around the apartment and I didn't want to drag them here or keep them in storage. I am not sure that detail would even be included in m stats. I really just wanted to see if I would get anything for them. That is a good question though. And it doesn't work for everyone. Have a great day and week! 😀
!ALIVE



Made in Canva

-- @lisamgentile1961

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That is true as well. I am happy you were able to cash in on those books. I love selling books, they are so much fun to collect, read, and then sell 😉

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Thanks, Chris! Maybe the rest of them will move a bit faster now that it's the holiday season! Have a great day! 😀
!ALIVE



Made in Canva

-- @lisamgentile1961

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Hopefully, look into crossposting them on other platforms, I am pretty sure with FBA they will ship it regardless of where the sale originates.

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That's a good idea to cross post and get your stuff sold faster. You know it's free on a certain centralized platform that shall remain nameless. Have a great day! 😀
!ALIVE



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-- @lisamgentile1961

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Brilliant my friend
Congrats @lisamgentile1961
Yeah you got to love the learn and earn at Coinbase
Awesome job selling books to invest in Hive.
Kind of funny when you think...

Books are old tech, Hive is new LOL

Look at you Lisa M Gentile Entrepreneur Tycoon

Ha ha Amazing love it
awesomeloveit.png

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Thanks, @benthomaswwd! I still do enjoy holding on to a book and reading the hard copy. But yeah that's a good though. Trading in the old to invest in the new. Have a great day and week! 😀
!ALIVE



Made in Canva

-- @lisamgentile1961

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Congratulations @lisamgentile1961! You have completed the following achievement on the Hive blockchain and have been rewarded with new badge(s):

You got more than 4750 replies.
Your next target is to reach 5000 replies.

You can view your badges on your board and compare yourself to others in the Ranking
If you no longer want to receive notifications, reply to this comment with the word STOP

Check out the last post from @hivebuzz:

The Hive Gamification Proposal for 2022
Support the HiveBuzz project. Vote for our proposal!
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Good Morning, @hivebuzz! Thank you very much for the badge. Enjoy your day! 😀



Made in Canva

-- @lisamgentile1961

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You're welcome @lisamgentile1961 🌹

BTW, your support for our proposal this year has been much appreciated but it will end in a few days!
Do you mind renewing your vote for 2022 on Peakd, ecency, Hive.blog or using HiveSigner so we can keep up the good work!
https://peakd.com/me/proposals/199
Thank you.

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I will do that, @hivebuzz! Have a great Sunday and Merry Christmas! 🎄



Made in Canva

-- @lisamgentile1961

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