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How to Find Products to Dropship on Amazon for Beginners

Published on: December 1 2022 by Bryan Guerra

How to Find Products to Dropship on Amazon for Beginners

How to Find Products to Dropship on Amazon for Beginners

startTime durationTime text
00:00:00 00:00:04 in this video i'm going to show you how
00:00:01 00:00:06 to start drop shipping on amazon
00:00:04 00:00:08 today all right now i've taken a piece
00:00:06 00:00:11 of my dropship pro course
00:00:08 00:00:12 specifically on like manual free
00:00:11 00:00:14 sourcing methods that
00:00:12 00:00:16 anybody can do right here today from
00:00:14 00:00:18 their computer to find products to
00:00:16 00:00:20 dropship profitably
00:00:18 00:00:22 on amazon okay it's about a 35 minute
00:00:20 00:00:24 tutorial it's two lectures back to back
00:00:22 00:00:26 and if you guys want more information on
00:00:24 00:00:28 this you can find dropship pro
00:00:26 00:00:29 link directly in the description okay so
00:00:28 00:00:31 we're going to jump into that full
00:00:29 00:00:33 tutorial here in a second on my computer
00:00:31 00:00:35 but i do want to touch on one thing here
00:00:33 00:00:36 with the these two specific tutorials
00:00:35 00:00:39 that you'll learn in this video
00:00:36 00:00:41 the first and foremost is that while you
00:00:39 00:00:42 can still retail drop ship from you know
00:00:41 00:00:45 retail websites
00:00:42 00:00:45 to amazon and you can do it very very
00:00:45 00:00:47 profitably
00:00:45 00:00:49 there's nothing first and foremost it's
00:00:47 00:00:51 against amazon's terms of service right
00:00:49 00:00:53 there's nothing necessarily wrong with
00:00:51 00:00:55 it in my opinion if you're just doing it
00:00:53 00:00:56 to kind of build up an initial nest egg
00:00:55 00:00:58 and then
00:00:56 00:01:00 moving into something you know more
00:00:58 00:01:03 long-term and more scalable right
00:01:00 00:01:04 what i do recommend though is if you are
00:01:03 00:01:04 one of the people that are doing that
00:01:04 00:01:06 right
00:01:04 00:01:07 and i don't recommend necessarily
00:01:06 00:01:08 thinking of that as like a long-term
00:01:07 00:01:10 strategy
00:01:08 00:01:12 but if you are one of the type of people
00:01:10 00:01:14 that are going to follow this tutorial
00:01:12 00:01:16 and do the retail drop shipping from
00:01:14 00:01:18 these with these websites onto amazon
00:01:16 00:01:20 what you need to think about is the
00:01:18 00:01:22 transition sooner rather than later
00:01:20 00:01:24 into wholesale i don't think that this
00:01:22 00:01:26 retail drop shipping method
00:01:24 00:01:28 first and foremost like i did say it is
00:01:26 00:01:29 against amazon's terms of service
00:01:28 00:01:31 tiknically
00:01:29 00:01:32 to do this they do allow drop shipping
00:01:31 00:01:35 but they don't want you to drop ship
00:01:32 00:01:37 directly from retail suppliers using
00:01:35 00:01:38 their boxes using their invoices to
00:01:37 00:01:40 their customers okay
00:01:38 00:01:42 so you can tiknically get away with it
00:01:40 00:01:44 and people do tiknically do it
00:01:42 00:01:46 and they make a lot of money doing it
00:01:44 00:01:47 that said it's not necessarily a
00:01:46 00:01:50 long-term
00:01:47 00:01:52 viable drop shipping method you know
00:01:50 00:01:54 over time so what i would recommend is
00:01:52 00:01:56 if you do decide to do this think about
00:01:54 00:01:58 eventually making the transition into
00:01:56 00:01:58 wholesale if you're still doing this
00:01:58 00:02:00 like
00:01:58 00:02:01 a year from now that's when you're
00:02:00 00:02:03 probably going to run into problems so i
00:02:01 00:02:05 did want to hit that home i don't
00:02:03 00:02:05 necessarily recommend this for most
00:02:05 00:02:07 people
00:02:05 00:02:09 but this is a way that you can
00:02:07 00:02:11 effectively drop ship on amazon
00:02:09 00:02:13 for free you can get started today right
00:02:11 00:02:15 and you can use suppliers that are very
00:02:13 00:02:16 reputable and if you do it right like i
00:02:15 00:02:18 show you here
00:02:16 00:02:20 you can make good money doing it okay
00:02:18 00:02:21 but just like i said think about making
00:02:20 00:02:23 the transition
00:02:21 00:02:24 uh to wholesale and a long-term viable
00:02:23 00:02:26 method of doing this
00:02:24 00:02:28 in the future alright so if you have any
00:02:26 00:02:29 questions drop them down in the comment
00:02:28 00:02:30 section down below and i would love to
00:02:29 00:02:32 answer them for you
00:02:30 00:02:34 but let's just hop into the tutorial so
00:02:32 00:02:36 in this video i'm going to show you how
00:02:34 00:02:38 to drop ship on amazon by
00:02:36 00:02:40 reverse searching private label brands
00:02:38 00:02:42 for profitable products and then
00:02:40 00:02:43 obviously listing them on your own store
00:02:42 00:02:45 and keeping track of all of it okay now
00:02:43 00:02:48 this is going to be very very
00:02:45 00:02:49 very similar to uh you know the same
00:02:48 00:02:51 thing as facebook marketplace okay so
00:02:49 00:02:53 facebook marketplace
00:02:51 00:02:54 we specifically i specifically showed
00:02:53 00:02:57 you how to drop ship
00:02:54 00:02:59 um and find suppliers by reverse sniping
00:02:57 00:03:00 on ebay right and then taking those same
00:02:59 00:03:01 profitable listings from stores that are
00:03:00 00:03:03 drop shipping
00:03:01 00:03:04 and and selling well and drop shipping
00:03:03 00:03:06 them on facebook
00:03:04 00:03:08 now on amazon we're staying on the
00:03:06 00:03:08 amazon platform but what you can do is
00:03:08 00:03:12 you can use
00:03:08 00:03:14 amazon specifically to uh you know find
00:03:12 00:03:15 private label brands and other drop
00:03:14 00:03:17 shippers okay now you can do this
00:03:15 00:03:19 by basically finding a website you want
00:03:17 00:03:22 to drop ship from
00:03:19 00:03:23 googling or searching online what their
00:03:22 00:03:25 private label brands are and i've
00:03:23 00:03:26 already given you a starter list of
00:03:25 00:03:28 these remember when we toked about it
00:03:26 00:03:29 for ebay i've given you that starter
00:03:28 00:03:30 list okay
00:03:29 00:03:32 and what you can do is then you can
00:03:30 00:03:33 search for that private label brand
00:03:32 00:03:36 specifically on
00:03:33 00:03:37 amazon because then you know the person
00:03:36 00:03:38 that's selling that private label brand
00:03:37 00:03:40 is
00:03:38 00:03:41 typically not the brand okay so it's
00:03:40 00:03:43 typically
00:03:41 00:03:44 one of two things either it's a used
00:03:43 00:03:46 product and they're selling it
00:03:44 00:03:48 as a used product on amazon as a
00:03:46 00:03:50 reseller or
00:03:48 00:03:52 or they're drop shipping onto the
00:03:50 00:03:53 platform from that actual supplier okay
00:03:52 00:03:54 so you can find drop shipping stores
00:03:53 00:03:56 very very easily
00:03:54 00:03:58 now i'm going to avoid mainstays because
00:03:56 00:03:59 i want to hit the fact home that i don't
00:03:58 00:04:00 recommend
00:03:59 00:04:02 that you drop ship when you're drop
00:04:00 00:04:03 shipping on amazon like this i don't
00:04:02 00:04:05 recommend that you drop you from ebay
00:04:03 00:04:06 i don't recommend that you drop ship
00:04:05 00:04:08 from walmart which is obviously you know
00:04:06 00:04:10 mainstays is a walmart brand and i don't
00:04:08 00:04:10 recommend that you drop ship from home
00:04:10 00:04:12 depot
00:04:10 00:04:14 the re the reason that i say that is
00:04:12 00:04:16 because most people when they start do
00:04:14 00:04:18 that so a the competition is relatively
00:04:16 00:04:19 high the margins are relatively low
00:04:18 00:04:21 you can still find products obviously
00:04:19 00:04:23 but i don't recommend it because most
00:04:21 00:04:25 importantly amazon's on to that and you
00:04:23 00:04:26 don't want to be one of those people
00:04:25 00:04:27 because god forbid they take one of
00:04:26 00:04:29 those listings down
00:04:27 00:04:30 or they hit everybody on one of those
00:04:29 00:04:32 listings that's drop shipping uh you
00:04:30 00:04:34 know you're gonna be
00:04:32 00:04:35 you're a prime target so avoid those
00:04:34 00:04:37 three suppliers don't do it
00:04:35 00:04:38 so let's go with an obscure one uh let's
00:04:37 00:04:41 go with like cobalt
00:04:38 00:04:42 for lowe's and this is on the starter
00:04:41 00:04:43 list right
00:04:42 00:04:45 so what do we do we type in we type in
00:04:43 00:04:48 the private label brand onto amazon
00:04:45 00:04:49 now every one of these is probably in
00:04:48 00:04:51 most cases
00:04:49 00:04:53 either somebody that's buying it from at
00:04:51 00:04:55 a relatively cheap price and shipping it
00:04:53 00:04:56 into amazon fba like you see here this
00:04:55 00:04:57 is a prime listing so we want to stay
00:04:56 00:04:59 away from that
00:04:57 00:05:00 we don't want to compete with prime
00:04:59 00:05:02 listings unless the margin is
00:05:00 00:05:03 ridiculously high
00:05:02 00:05:05 and there's like one seller that's prime
00:05:03 00:05:06 right but typically as a rule of thumb
00:05:05 00:05:08 avoid prime listings
00:05:06 00:05:11 so what you're looking for is you're
00:05:08 00:05:13 looking for listings that aren't prime
00:05:11 00:05:15 right like these two for example that do
00:05:13 00:05:16 look like their stok photos so that
00:05:15 00:05:18 they could be drop shipped right
00:05:16 00:05:20 and typically there's going to have a
00:05:18 00:05:21 high number of sellers on those listings
00:05:20 00:05:21 and they're going to be drop shipping it
00:05:21 00:05:23 from
00:05:21 00:05:24 where well they're going to be drop
00:05:23 00:05:27 shipping it from lowe's typically
00:05:24 00:05:28 because cobalt is the lowest brand right
00:05:27 00:05:30 so this is a prime we're going to avoid
00:05:28 00:05:30 this this is prime we're going to avoid
00:05:30 00:05:32 this
00:05:30 00:05:34 this is an example of one that looks
00:05:32 00:05:34 like okay only 10 left in stok order
00:05:34 00:05:37 soon
00:05:34 00:05:39 it looks like a stok image and it
00:05:37 00:05:40 doesn't have prime on it so i'm going to
00:05:39 00:05:41 open this up and we're going to check it
00:05:40 00:05:44 out
00:05:41 00:05:46 now here's what we want to do okay when
00:05:44 00:05:47 you're doing this you want to copy this
00:05:46 00:05:49 the title and you're going to right
00:05:47 00:05:51 click and search google for it or just
00:05:49 00:05:53 search google
00:05:51 00:05:55 and does it pop up on lows okay so it
00:05:53 00:05:56 does pop up on those right here
00:05:55 00:05:58 you again one of the things i hit home
00:05:56 00:05:58 before is you want to make sure that
00:05:58 00:06:01 they're there
00:05:58 00:06:02 that they are the exact same so do your
00:06:01 00:06:04 due diligence if you spend
00:06:02 00:06:06 time on nothing else and you want to
00:06:04 00:06:07 spend spend your time wisely
00:06:06 00:06:09 make sure that the pictures all match
00:06:07 00:06:11 obviously that it's like the same exact
00:06:09 00:06:13 pictures representing the product
00:06:11 00:06:14 make sure that the model number matches
00:06:13 00:06:16 potentially or the item number matches
00:06:14 00:06:17 or the upc or whatever product
00:06:16 00:06:19 identifier it is
00:06:17 00:06:20 matches make sure that it's not a
00:06:19 00:06:22 variation listing
00:06:20 00:06:24 make sure that it's not a bundle listing
00:06:22 00:06:26 meaning like this comes with the battery
00:06:24 00:06:27 and that doesn't come with a battery or
00:06:26 00:06:29 something like that
00:06:27 00:06:31 so read it okay make sure that they
00:06:29 00:06:33 match up that's the most
00:06:31 00:06:35 important thing that i can tell you okay
00:06:33 00:06:37 so is this the same listing
00:06:35 00:06:39 it looks like this is the 40 volt uh 40
00:06:37 00:06:44 volt lithium ion
00:06:39 00:06:44 bare tool 40 volt 14 inch
00:06:44 00:06:48 cordless electric chainsaw cordless left
00:06:47 00:06:51 chainsaw
00:06:48 00:06:52 ion bear tour 14 inch battery charger
00:06:51 00:06:55 not included
00:06:52 00:06:56 battery charger sold separately not
00:06:55 00:06:59 included
00:06:56 00:07:02 it looks to be very very similar 40 volt
00:06:59 00:07:03 brushless chainsaw provides 140 cuts of
00:07:02 00:07:07 4x4 wood
00:07:03 00:07:08 uh brushless chainsaw where is it
00:07:07 00:07:10 provides a huh yeah 40 volt brushless
00:07:08 00:07:12 chainsaw provides 140
00:07:10 00:07:13 so it looks like they literally took the
00:07:12 00:07:16 same exact thing so this
00:07:13 00:07:18 is typically the same listing okay so we
00:07:16 00:07:20 found a listing is it profitable right
00:07:18 00:07:21 can we buy it oh well there you go right
00:07:20 00:07:23 there this item is no longer sold
00:07:21 00:07:25 on those.com so either these people are
00:07:23 00:07:26 sourcing this from some other place that
00:07:25 00:07:30 would have potentially been a good one
00:07:26 00:07:32 or what what's what it is probably most
00:07:30 00:07:33 likely is this person just hasn't caught
00:07:32 00:07:34 up to the fact they don't have like a
00:07:33 00:07:36 stok system
00:07:34 00:07:37 or an inventory system which i will show
00:07:36 00:07:39 you here we're going to use sku grid
00:07:37 00:07:40 it's very very easy to set up
00:07:39 00:07:42 uh and i'm going to show you that in a
00:07:40 00:07:44 future lecture so this is a bad product
00:07:42 00:07:44 okay i'm going through this slowly on
00:07:44 00:07:46 purpose
00:07:44 00:07:48 this is prime you want to avoid this
00:07:46 00:07:50 here we go here's an example of one so
00:07:48 00:07:51 104 dollars it doesn't look like there's
00:07:50 00:07:53 there's nine used and new offers but
00:07:51 00:07:57 none of them are prime so let's check it
00:07:53 00:07:59 out it looks to be like stok photo
00:07:57 00:08:01 all right here we go so we still have no
00:07:59 00:08:04 prime user no prime sellers on here
00:08:01 00:08:06 so that's good um we're going to right
00:08:04 00:08:07 click this and search google to try and
00:08:06 00:08:11 find it on
00:08:07 00:08:15 on lowe's cobalt 40 max 5
00:08:11 00:08:18 is this the 5 no this is the 2.5
00:08:15 00:08:20 so that's 5 ah this is 2.5 h so that's
00:08:18 00:08:24 not what we're looking for
00:08:20 00:08:27 here we got amazon
00:08:24 00:08:28 walmart so this could be a walmart one
00:08:27 00:08:32 there it is right there
00:08:28 00:08:33 2.5 40 2.5
00:08:32 00:08:35 it looks to be different picture okay
00:08:33 00:08:39 that's that's a similar picture
00:08:35 00:08:40 that's a similar picture and it looks
00:08:39 00:08:42 like it's on walmart but this could also
00:08:40 00:08:44 be being drop shipped from uh
00:08:42 00:08:46 from low so let's go try to find it
00:08:44 00:08:48 we're going to type lowe's in at the end
00:08:46 00:08:48 here
00:08:48 00:08:54 let's go to the end and type those in
00:08:53 00:08:56 there it is right here i don't know why
00:08:54 00:08:58 i didn't pop up right away so okay there
00:08:56 00:09:00 we have 2.5 a h 40v
00:08:58 00:09:02 and it's 79.98 so this could be a
00:09:00 00:09:03 potentially profitable listing although
00:09:02 00:09:04 the margin
00:09:03 00:09:06 it doesn't look like it's gonna be a
00:09:04 00:09:08 great margin just off like gut feeling
00:09:06 00:09:09 because this is 104 and this is selling
00:09:08 00:09:11 for 79.
00:09:09 00:09:12 it could be profitable but like we'll
00:09:11 00:09:13 see the margin here in a second i'll
00:09:12 00:09:15 show it to you
00:09:13 00:09:17 so right here you have 104 dollars it's
00:09:15 00:09:21 the same exact listing right 2.5 ah
00:09:17 00:09:22 2.5 ah rechargeable lithium ion cordless
00:09:21 00:09:25 power
00:09:22 00:09:27 equipment battery rechargeable
00:09:25 00:09:28 lithium-ion cordless power equipment
00:09:27 00:09:31 battery
00:09:28 00:09:32 looks to be the same item dimensions so
00:09:31 00:09:34 if there's like a upc or an identifier
00:09:32 00:09:34 here i would check that out sometimes
00:09:34 00:09:36 like
00:09:34 00:09:37 for like electronics uh specifically
00:09:36 00:09:39 you'll see like a number
00:09:37 00:09:41 in the thing make sure that that number
00:09:39 00:09:43 shows up in the description at some
00:09:41 00:09:45 point it usually typically will
00:09:43 00:09:46 uh the dimensions here are not are going
00:09:45 00:09:47 to be another good indicator so where
00:09:46 00:09:51 were they oh three
00:09:47 00:09:57 seven five in dimensions
00:09:51 00:09:57 i see don't see three seven five
00:09:57 00:10:00 let's try to find the
00:10:01 00:10:05 dimensions of this product really fast
00:10:04 00:10:07 they don't
00:10:05 00:10:09 see it but obviously i don't want to
00:10:07 00:10:10 waste your time so i'm not going to sit
00:10:09 00:10:11 here and like
00:10:10 00:10:13 you know figure out specifically what
00:10:11 00:10:15 the item specs are
00:10:13 00:10:16 i would do this and spend a lot more
00:10:15 00:10:18 time on it if i was really going to list
00:10:16 00:10:19 this product in dropship but for the
00:10:18 00:10:20 sake of just showing you because i'm
00:10:19 00:10:22 like 98
00:10:20 00:10:24 sure this is the same thing here i would
00:10:22 00:10:26 do a little bit more verify
00:10:24 00:10:27 verification remember what i said is you
00:10:26 00:10:28 want to be
00:10:27 00:10:30 sure that they're the same exact product
00:10:28 00:10:31 but i'm like 98 sure this is the same
00:10:30 00:10:33 product so
00:10:31 00:10:35 let's go ahead and check it out okay so
00:10:33 00:10:36 what what are we going to do right what
00:10:35 00:10:38 can we potentially source this for
00:10:36 00:10:40 originally well
00:10:38 00:10:41 it you can't just source it for 79.98
00:10:40 00:10:43 because obviously there's going to be
00:10:41 00:10:44 taxes and potentially shipping
00:10:43 00:10:46 so a you want to make sure that you add
00:10:44 00:10:46 it to your cart first and foremost
00:10:46 00:10:48 because
00:10:46 00:10:50 it might not be able to be shipped to
00:10:48 00:10:52 your area it might only be local pickup
00:10:50 00:10:54 also you want to see a tax uh you know
00:10:52 00:10:55 you want to get an estimate on taxes and
00:10:54 00:10:57 i always recommend
00:10:55 00:10:59 that you take 10 of the estimate in
00:10:57 00:11:01 taxes that's high right i believe
00:10:59 00:11:02 california is the highest in taxes at
00:11:01 00:11:04 like eight
00:11:02 00:11:05 like eight percent i want to say uh or
00:11:04 00:11:07 something like that
00:11:05 00:11:09 but so if you take ten percent a it's
00:11:07 00:11:10 easy to calculate your mind
00:11:09 00:11:13 b it's going to give you a little bit of
00:11:10 00:11:14 a of a cushion in your margin
00:11:13 00:11:16 and obviously see it's just like easy to
00:11:14 00:11:17 calculate if for whatever reason you
00:11:16 00:11:19 know it has free shipping
00:11:17 00:11:20 well then 10 is easy to calculate
00:11:19 00:11:24 because of 79.98
00:11:20 00:11:25 10 of that is 7.90 you know nine cents
00:11:24 00:11:26 or whatever it is right
00:11:25 00:11:28 so just easy to calculate but i just
00:11:26 00:11:29 want to take this to the cart to see
00:11:28 00:11:31 and we're going to see what the
00:11:29 00:11:34 potential shipping charge is going to be
00:11:31 00:11:35 so we're going to ship to the home and
00:11:34 00:11:38 we're just going to start this the
00:11:35 00:11:40 checkout to see what it's going to be
00:11:38 00:11:42 so estimated tax is going to be 480
00:11:40 00:11:44 shipping is free so it's going to cost
00:11:42 00:11:46 us about 85 bucks i always overestimate
00:11:44 00:11:47 just for again another cushion in your
00:11:46 00:11:48 margin right i'd rather be
00:11:47 00:11:51 overestimating here
00:11:48 00:11:53 than underestimating so 85 is going to
00:11:51 00:11:55 be my estimate from lowes.com
00:11:53 00:11:58 okay now what we basically want to do
00:11:55 00:11:59 before we're we're estimating 85
00:11:58 00:12:01 dollars on this specific product right
00:11:59 00:12:03 here right but and we need to know if we
00:12:01 00:12:05 can sell it number one and we also need
00:12:03 00:12:06 to know if it's even selling on amazon
00:12:05 00:12:09 to be worth our time
00:12:06 00:12:11 right so 19 000 roughly tools and home
00:12:09 00:12:12 improvement which is pretty solid okay
00:12:11 00:12:13 we need to know
00:12:12 00:12:15 if we can sell it and be if it's selling
00:12:13 00:12:17 it is selling pretty well but what i
00:12:15 00:12:18 always recommend is get the jungle scout
00:12:17 00:12:19 chrome extension
00:12:18 00:12:21 you only need the jungle scout chrome
00:12:19 00:12:22 extension not the web app it's going to
00:12:21 00:12:24 save you so much time look it's
00:12:22 00:12:27 estimating 360 monthly sales
00:12:24 00:12:28 366 about 15 daily sales this is a game
00:12:27 00:12:30 changer
00:12:28 00:12:32 get this i will link it above for you
00:12:30 00:12:33 i'm not sure if there's a specific deal
00:12:32 00:12:34 but that is an affiliate link but i have
00:12:33 00:12:36 it as well
00:12:34 00:12:38 highly recommend it if you're planning
00:12:36 00:12:40 on taking amazon drop shipping seriously
00:12:38 00:12:41 this is a game changer okay get it it's
00:12:40 00:12:43 going to save you so much time
00:12:41 00:12:44 as you scale your store and add more
00:12:43 00:12:46 listings you don't want to be doing
00:12:44 00:12:47 everything manually but i'm just going
00:12:46 00:12:49 through
00:12:47 00:12:51 through and showing you this right now
00:12:49 00:12:52 just so you kind of understand it and
00:12:51 00:12:53 then we'll add
00:12:52 00:12:55 kind of tools to your metaphorical drop
00:12:53 00:12:56 shipping tool belt okay so we're going
00:12:55 00:12:57 to take the ace in here to make sure
00:12:56 00:12:59 that we can sell it you're going to take
00:12:57 00:13:02 it into the back end of seller central
00:12:59 00:13:04 add a product right and then add it and
00:13:02 00:13:04 and add it as a product to see if you're
00:13:04 00:13:06 literally
00:13:04 00:13:08 if you're able to sell it uh in new
00:13:06 00:13:09 condition and if there's any
00:13:08 00:13:10 restrictions on it right so i already
00:13:09 00:13:11 know that i'm able to sell this i
00:13:10 00:13:14 checked it
00:13:11 00:13:15 um so you i am able to sell this chances
00:13:14 00:13:16 are you probably will be
00:13:15 00:13:18 but sometimes you're gated so one of the
00:13:16 00:13:19 things that you don't want to do
00:13:18 00:13:21 is you know you don't want to try to you
00:13:19 00:13:22 know go through and waste all your time
00:13:21 00:13:24 just to find out at the end when you try
00:13:22 00:13:25 to add it as a drop shipping product
00:13:24 00:13:26 that you're gated okay
00:13:25 00:13:27 so you might want to do that in the
00:13:26 00:13:29 beginning when you're looking at it just
00:13:27 00:13:30 before you even waste any time on it
00:13:29 00:13:31 because if you can't sell it you're
00:13:30 00:13:33 gated for it
00:13:31 00:13:34 then there's no sense in even looking
00:13:33 00:13:37 into the product obviously another thing
00:13:34 00:13:39 i will say about that too
00:13:37 00:13:40 is if you are gated always request
00:13:39 00:13:42 approval okay
00:13:40 00:13:44 there's a slight chance that if you even
00:13:42 00:13:45 if you're new that you could get ungated
00:13:44 00:13:47 chances are if you're new you probably
00:13:45 00:13:48 won't get ungated for it but like if you
00:13:47 00:13:49 start selling well
00:13:48 00:13:51 as you start doing this more and more on
00:13:49 00:13:51 amazon and you build up your seller
00:13:51 00:13:53 metrics
00:13:51 00:13:55 you will get auto ungated for certain
00:13:53 00:13:57 brands auto-engaged for certain products
00:13:55 00:13:58 it happens very very easily okay
00:13:57 00:14:00 so always check worst thing that can
00:13:58 00:14:01 happen is they say hey submit some
00:14:00 00:14:03 paperwork and then you just x out of it
00:14:01 00:14:04 and you don't go any further
00:14:03 00:14:06 but every once in a while you will hit
00:14:04 00:14:08 request approval when it's gated and it
00:14:06 00:14:10 will just automatikally ungate you okay
00:14:08 00:14:11 so always try
00:14:10 00:14:13 so now we're going to see if this is
00:14:11 00:14:15 profitable for us okay
00:14:13 00:14:16 so we want to check it's telling us that
00:14:15 00:14:19 the buy box right now
00:14:16 00:14:20 is 104.44 but i don't want to trust that
00:14:19 00:14:21 i want to look at the new and used
00:14:20 00:14:22 sellers
00:14:21 00:14:24 so the low price there is a used one
00:14:22 00:14:25 we're not concerned we're not really
00:14:24 00:14:27 concerned with that
00:14:25 00:14:29 this one's the lowest one right here at
00:14:27 00:14:30 81 and new but this person doesn't
00:14:29 00:14:32 really have a lot of ratings
00:14:30 00:14:33 i personally do so i would chances are
00:14:32 00:14:35 rank higher than that
00:14:33 00:14:37 so just as like a rule of thumb let's
00:14:35 00:14:38 you know you i would say like if you're
00:14:37 00:14:40 starting new
00:14:38 00:14:41 always go with the the cheapest new
00:14:40 00:14:42 price so that's probably what you're
00:14:41 00:14:44 competing against
00:14:42 00:14:46 and so this would not be profitable okay
00:14:44 00:14:48 so you don't want to want to do this
00:14:46 00:14:49 if you feel like you can sell this at a
00:14:48 00:14:51 higher price point obviously because you
00:14:49 00:14:53 can set your your repricer up i will
00:14:51 00:14:54 show you that in a new lecture as well
00:14:53 00:14:56 so that it doesn't go below a certain
00:14:54 00:14:57 price so you never sell it lower than
00:14:56 00:15:00 that
00:14:57 00:15:02 then it's all you know all reward at
00:15:00 00:15:03 potentially and no risk right because
00:15:02 00:15:06 you you're never going to go down
00:15:03 00:15:06 64 or whatever anyway or 74 or whatever
00:15:06 00:15:08 anyway so
00:15:06 00:15:10 i want to see if this is profitable if i
00:15:08 00:15:12 list it at 104.44
00:15:10 00:15:14 let's find out so now i'm gonna go into
00:15:12 00:15:16 the fba calculator to make sure i'm
00:15:14 00:15:18 profitable i copied the asin
00:15:16 00:15:19 right so i'm gonna search that acin in
00:15:18 00:15:21 the fba calculator
00:15:19 00:15:23 and you can get the amazon fulfillment
00:15:21 00:15:25 by uh the fulfillment by amazon revenue
00:15:23 00:15:27 calculator by just googling it
00:15:25 00:15:28 when you're signed into seller central
00:15:27 00:15:29 you can find it and then click it it's
00:15:28 00:15:31 very very easy to find
00:15:29 00:15:32 um and this is a great one there's other
00:15:31 00:15:34 ones out there that are paid but i'm
00:15:32 00:15:34 just going to show you a free one right
00:15:34 00:15:36 here
00:15:34 00:15:38 because amazon provide provides one for
00:15:36 00:15:40 you and it's very very easy to use
00:15:38 00:15:41 you can see i've even saved it as like a
00:15:40 00:15:42 bookmark up here
00:15:41 00:15:44 and i always use it when i'm drop
00:15:42 00:15:45 shipping okay this is my drop shipping
00:15:44 00:15:49 browser
00:15:45 00:15:51 so right here i believe the item price
00:15:49 00:15:54 was 104.44 so that's what i'm
00:15:51 00:15:55 potentially going to list this at okay
00:15:54 00:15:56 and remember you won't be competing if
00:15:55 00:15:57 you're like brand new you're not going
00:15:56 00:15:58 to be competing there
00:15:57 00:16:00 for the sake of just showing you an
00:15:58 00:16:02 example i kind of want to show you this
00:16:00 00:16:03 and every once in a while when you put
00:16:02 00:16:05 an ace in it might ask you for the
00:16:03 00:16:07 product dimensions or the
00:16:05 00:16:09 the estimated weight you can just
00:16:07 00:16:10 estimate that it doesn't really matter
00:16:09 00:16:13 at the end of the day
00:16:10 00:16:15 um it can matter slightly so you want to
00:16:13 00:16:16 estimate or get it from the listing
00:16:15 00:16:17 but it doesn't really matter in the
00:16:16 00:16:19 grand scheme of things because you're
00:16:17 00:16:20 not going to be shipping into fba much
00:16:19 00:16:22 anyway okay
00:16:20 00:16:23 so it's going to estimate um based on
00:16:22 00:16:24 the listing already so i wouldn't really
00:16:23 00:16:25 sweat that
00:16:24 00:16:27 shipping is not going to cost you
00:16:25 00:16:28 anything because you the supplier is
00:16:27 00:16:29 going to ship it so don't worry about
00:16:28 00:16:30 that okay
00:16:29 00:16:33 you're only really interested in the
00:16:30 00:16:34 item price and the cost of the product
00:16:33 00:16:36 to you okay and we estimated the cost of
00:16:34 00:16:38 the product was 85
00:16:36 00:16:39 from lowe's so let's calculate to make
00:16:38 00:16:43 sure that we're profitable
00:16:39 00:16:44 and we are profitable at 3.77 so
00:16:43 00:16:47 realistikally at this price point i
00:16:44 00:16:49 don't really want to make 3.77
00:16:47 00:16:52 every time i spend 85 dollars it's not a
00:16:49 00:16:54 good margin it's only a 3.6
00:16:52 00:16:55 margin so not really worth my time you
00:16:54 00:16:57 could list it if you want it is still
00:16:55 00:16:59 profitable and it's all rewarded
00:16:57 00:17:02 and really no risk because you're only
00:16:59 00:17:04 going to make this 377 when you spend 85
00:17:02 00:17:05 on that listing okay that's a bad
00:17:04 00:17:06 example let me try to find one more for
00:17:05 00:17:07 you
00:17:06 00:17:09 so this is prime this is prime we're
00:17:07 00:17:11 gonna avoid those let's
00:17:09 00:17:14 let's find one that might look somewhat
00:17:11 00:17:15 decent here
00:17:14 00:17:18 all right let's try this one i was gonna
00:17:15 00:17:22 try to find a higher priced one but
00:17:18 00:17:23 this is 23. and it's you know not prime
00:17:22 00:17:24 so let's try to find this we're going to
00:17:23 00:17:26 copy
00:17:24 00:17:27 this and we're going to right click and
00:17:26 00:17:29 search google
00:17:27 00:17:30 also make sure that it's showing a
00:17:29 00:17:32 picture of three here make sure that
00:17:30 00:17:34 this is just a one thing and not like a
00:17:32 00:17:35 here okay so it's three of these right
00:17:34 00:17:37 so you need to find the listing on
00:17:35 00:17:38 lowe's that has three of these not just
00:17:37 00:17:40 one
00:17:38 00:17:42 so three pack right here of 20 foot
00:17:40 00:17:45 spool
00:17:42 00:17:45 0.065 so this is the listing right here
00:17:45 00:17:48 okay
00:17:45 00:17:50 and it's it looks like it's 2048 this is
00:17:48 00:17:51 23 so again that's not a very good
00:17:50 00:17:54 listing
00:17:51 00:17:56 let's try to find one more prime we want
00:17:54 00:17:58 to avoid that
00:17:56 00:17:59 this isn't prime and it looks to be 83
00:17:58 00:18:04 dollars
00:17:59 00:18:05 so cobalt lithium ion here we go
00:18:04 00:18:07 now it does have the battery included
00:18:05 00:18:10 right here for 161.97
00:18:07 00:18:11 and this doesn't look to be um a this
00:18:10 00:18:12 doesn't look to be prime either so we
00:18:11 00:18:14 could also look for that
00:18:12 00:18:16 or the battery not included for 83 so we
00:18:14 00:18:19 can find either of these
00:18:16 00:18:22 on lows okay and this might be the 110
00:18:19 00:18:25 mile per hour right there
00:18:22 00:18:25 yeah 110 mile per hour right there and
00:18:25 00:18:28 this
00:18:25 00:18:29 is battering charger included okay so
00:18:28 00:18:29 assuming that this is the same thing
00:18:29 00:18:32 again
00:18:29 00:18:33 i would always i want to stress the fact
00:18:32 00:18:34 that you want to make sure
00:18:33 00:18:36 okay so i'd probably spend a good two
00:18:34 00:18:36 three minutes literally verifying that
00:18:36 00:18:38 this is
00:18:36 00:18:39 exactly the same thing it has a lot of
00:18:38 00:18:41 the same specs it's the same
00:18:39 00:18:42 measurements it has the same product
00:18:41 00:18:43 identifiers or model numbers or
00:18:42 00:18:44 something
00:18:43 00:18:46 uh all on the listing okay and you can
00:18:44 00:18:47 find all that information like on the
00:18:46 00:18:49 specific listing
00:18:47 00:18:50 the weights a good indicator the product
00:18:49 00:18:53 dimensions and all that good stuff okay
00:18:50 00:18:54 so this has the battery and charger
00:18:53 00:18:57 included right here
00:18:54 00:18:59 at 161 161.97 okay
00:18:57 00:19:00 so this seems to be a potentially good
00:18:59 00:19:03 profitable listing
00:19:00 00:19:04 i know firsthand from lowe's at 119 this
00:19:03 00:19:07 is gonna have free shipping i also
00:19:04 00:19:08 i'm gonna overestimate at 10 that's why
00:19:07 00:19:10 i always say overestimate
00:19:08 00:19:12 at 10 and you can obviously do
00:19:10 00:19:13 deliveries available
00:19:12 00:19:15 so it's going to be 120 i'm going to
00:19:13 00:19:19 round up i'm also going to take
00:19:15 00:19:22 uh 12 because 10 of 120 is 12
00:19:19 00:19:23 so it's gonna be 120 plus 12 is 132 is
00:19:22 00:19:25 the cost
00:19:23 00:19:27 to my customer from lowe's okay and i
00:19:25 00:19:29 just estimated that using 10
00:19:27 00:19:31 taxes and assuming free shipping
00:19:29 00:19:32 obviously because i'm over the limit on
00:19:31 00:19:35 lows
00:19:32 00:19:37 now 132 my customer it's going to cost
00:19:35 00:19:39 me 161.97
00:19:37 00:19:41 to shift it or to get uh on the actual
00:19:39 00:19:41 listing okay so i want to know if i'm
00:19:41 00:19:43 profitable
00:19:41 00:19:45 now i want you to make sure obviously
00:19:43 00:19:47 take the acid into your seller central
00:19:45 00:19:49 you need to make sure that you can sell
00:19:47 00:19:50 this obviously before you waste your
00:19:49 00:19:51 time anymore
00:19:50 00:19:53 also you want to hit jungle scout make
00:19:51 00:19:54 sure it's selling a lot of times you'll
00:19:53 00:19:55 find a great listing and then it will
00:19:54 00:19:57 have zeros here or
00:19:55 00:19:58 or it'll be crossed off means it's not
00:19:57 00:20:01 selling avoid it it's a waste your time
00:19:58 00:20:02 so it is selling well so now i'm going
00:20:01 00:20:03 to take this obviously into the fba
00:20:02 00:20:06 calculator
00:20:03 00:20:07 and now we we know that it was 132 was
00:20:06 00:20:10 the cost of the product
00:20:07 00:20:14 from lowe's and if we scroll up here
00:20:10 00:20:16 it's 161.97 it does say new and used
00:20:14 00:20:20 though so let's make sure that that's
00:20:16 00:20:23 yeah new is 161.95
00:20:20 00:20:25 um so we'll say 161.97 whatever that's
00:20:23 00:20:28 the buy box price
00:20:25 00:20:30 so 161.97 and
00:20:28 00:20:32 calculate it so it is profitable again
00:20:30 00:20:33 but again the margin there is not very
00:20:32 00:20:35 very good okay
00:20:33 00:20:36 so again that's why i recommend that you
00:20:35 00:20:38 use obscure suppliers
00:20:36 00:20:39 now those are we didn't really do much
00:20:38 00:20:40 here there's a number of other ones that
00:20:39 00:20:42 you can check into
00:20:40 00:20:44 so chances are you can find a great one
00:20:42 00:20:46 okay but this is just kind of an
00:20:44 00:20:48 overview you can do this with any
00:20:46 00:20:48 private label brand on amazon and find
00:20:48 00:20:50 it
00:20:48 00:20:52 reverse engineer find a good product
00:20:50 00:20:52 that people are drop shipping see if
00:20:52 00:20:54 it's profitable
00:20:52 00:20:56 see if you can sell it see if it's
00:20:54 00:20:57 selling and then list it on to amazon
00:20:56 00:20:59 okay
00:20:57 00:21:00 it's really that simple it doesn't take
00:20:59 00:21:01 a lot of effort
00:21:00 00:21:03 and it's the same kind of general
00:21:01 00:21:05 overview except you're not using
00:21:03 00:21:06 ebay and then listing it onto facebook
00:21:05 00:21:07 like i showed you before here you're
00:21:06 00:21:09 using
00:21:07 00:21:11 amazon and then listing it onto amazon
00:21:09 00:21:12 via your seller central
00:21:11 00:21:14 so in the next video specifically i'm
00:21:12 00:21:15 going to show you how to take this a
00:21:14 00:21:16 step further right
00:21:15 00:21:18 we're gonna we're gonna stay on this
00:21:16 00:21:20 listing and what we're gonna do is
00:21:18 00:21:22 you can source like this by searching
00:21:20 00:21:22 private label brands and then finding
00:21:22 00:21:24 good
00:21:22 00:21:25 good items this works very very well
00:21:24 00:21:26 especially for beginners
00:21:25 00:21:29 and i recommend that you start here
00:21:26 00:21:30 because it's going to kind of uh
00:21:29 00:21:32 it's going to teach you a lot about the
00:21:30 00:21:34 process okay but then you can take it a
00:21:32 00:21:35 step further once you find a listing
00:21:34 00:21:37 that people are drop shipping
00:21:35 00:21:40 you can then come to all the offers and
00:21:37 00:21:41 then check out all the stores here
00:21:40 00:21:43 and these are typically drop shipping
00:21:41 00:21:45 stores with other drop shipping products
00:21:43 00:21:45 okay so i'll show you that in the next
00:21:45 00:21:47 tutorial
00:21:45 00:21:49 all right so we're going to take that
00:21:47 00:21:50 last tutorial one step further here and
00:21:49 00:21:52 what we're going to do
00:21:50 00:21:53 is we're going to do the same thing but
00:21:52 00:21:55 we're going to go one step further we
00:21:53 00:21:58 found a drop shipping listing searching
00:21:55 00:21:59 private label brands on amazon right we
00:21:58 00:22:00 search cobalt
00:21:59 00:22:01 we look through some of the cobalt
00:22:00 00:22:03 listings you can do this with pretty
00:22:01 00:22:05 much any private label brand
00:22:03 00:22:06 to find drop shippers okay i just showed
00:22:05 00:22:08 you that
00:22:06 00:22:10 we found a drop shipping listing okay
00:22:08 00:22:11 and so what we want to do is we want to
00:22:10 00:22:12 take it one step further and look at all
00:22:11 00:22:14 the sellers
00:22:12 00:22:16 on this now obviously amazon warehouse
00:22:14 00:22:18 is not a drop shipper okay
00:22:16 00:22:19 amazon.com not a drop shipper this store
00:22:18 00:22:21 right here
00:22:19 00:22:22 just launched not a drop well they might
00:22:21 00:22:23 be drop shipping but i don't really care
00:22:22 00:22:24 about them because they just launched
00:22:23 00:22:25 okay
00:22:24 00:22:27 what we want to find is somebody that's
00:22:25 00:22:28 rated well that's been doing this for a
00:22:27 00:22:31 little bit
00:22:28 00:22:32 uh and obviously you know has experience
00:22:31 00:22:33 doing this because typically they're
00:22:32 00:22:35 gonna have some decent products okay
00:22:33 00:22:36 that's not always the case because they
00:22:35 00:22:38 could have potentially bought that
00:22:36 00:22:40 account and just started
00:22:38 00:22:42 but typically speaking that's usually
00:22:40 00:22:43 the case okay so i'm gonna go after this
00:22:42 00:22:45 one right here with 630 i'm going to
00:22:43 00:22:46 right-click and open this one
00:22:45 00:22:48 and then i'm also going to go over here
00:22:46 00:22:48 to this one with over a thousand we're
00:22:48 00:22:50 going to right click
00:22:48 00:22:52 and go to this one okay i'm going to x
00:22:50 00:22:53 out of this i'm going to x out us
00:22:52 00:22:54 we don't need this i'm going to x out of
00:22:53 00:22:55 the private label brand thing we don't
00:22:54 00:22:57 need this
00:22:55 00:22:58 but what i want to do and what i want to
00:22:57 00:23:00 hit home really fast is you should be
00:22:58 00:23:01 tracking all these things that you can
00:23:00 00:23:03 find your suppliers later
00:23:01 00:23:05 right so if for whatever reason somebody
00:23:03 00:23:06 goes and buys that product from you on
00:23:05 00:23:07 amazon
00:23:06 00:23:08 you're going to be able to get your it's
00:23:07 00:23:10 gonna show you it's gonna email you and
00:23:08 00:23:10 also pop up in your seller central with
00:23:10 00:23:12 an
00:23:10 00:23:14 order right and so you should keep track
00:23:12 00:23:15 of those orders with the same drop
00:23:14 00:23:17 shipping spreadsheet that i toked about
00:23:15 00:23:19 with the facebook marketplace
00:23:17 00:23:21 it doesn't literally list like i told
00:23:19 00:23:22 you list like the supply like where it
00:23:21 00:23:23 actually happened
00:23:22 00:23:26 right where the sale happened so is it
00:23:23 00:23:26 facebook marketplace is it mercari is it
00:23:26 00:23:30 posh
00:23:26 00:23:31 or poshmark is it amazon right use that
00:23:30 00:23:33 same spreadsheet
00:23:31 00:23:35 when you get orders okay but this
00:23:33 00:23:36 spreadsheet right here you can set it up
00:23:35 00:23:38 very very similar
00:23:36 00:23:39 i recommend that you do this pretty much
00:23:38 00:23:41 the same you can modify it slightly if
00:23:39 00:23:42 you want but make sure you have all this
00:23:41 00:23:44 information in there
00:23:42 00:23:47 is to keep track of where your your
00:23:44 00:23:49 where to source your products okay
00:23:47 00:23:51 so the supplier where'd we get that one
00:23:49 00:23:53 well we got it from lowe's right
00:23:51 00:23:55 the item what what was the item title on
00:23:53 00:23:57 amazon i just asked out of it but i've
00:23:55 00:23:59 copied literally the title on amazon
00:23:57 00:24:01 so i know because when i get an amazon
00:23:59 00:24:02 order i'm going to come back and i can
00:24:01 00:24:04 either search for that title here and
00:24:02 00:24:04 find the corresponding link to the
00:24:04 00:24:06 product
00:24:04 00:24:08 or i can search for the jason right so
00:24:06 00:24:09 the asin is the same thing that we put
00:24:08 00:24:11 into the product identify or the
00:24:09 00:24:13 into the fba calculator to identify the
00:24:11 00:24:14 product it's the same thing that we
00:24:13 00:24:16 checked in seller central
00:24:14 00:24:18 the the little digit let me just go find
00:24:16 00:24:21 a nason to show you um let's
00:24:18 00:24:22 pull up a random listing here so the
00:24:21 00:24:24 asin
00:24:22 00:24:25 is obviously scroll down you'll see the
00:24:24 00:24:27 thing that's the asim which is the
00:24:25 00:24:29 amazon identification number okay
00:24:27 00:24:31 you just want to copy the ace in and put
00:24:29 00:24:32 it in there okay so if this was
00:24:31 00:24:34 were drop shipping this listing and we
00:24:32 00:24:35 found a supplier we'd paste the asin in
00:24:34 00:24:36 here
00:24:35 00:24:38 and you want to keep track of all this
00:24:36 00:24:40 do not avoid this
00:24:38 00:24:41 you're gonna need all this information
00:24:40 00:24:42 the worst thing is when you get an
00:24:41 00:24:44 order and you don't know where you
00:24:42 00:24:45 actually you know where your supplier is
00:24:44 00:24:47 profitably
00:24:45 00:24:48 that's the last thing you want i always
00:24:47 00:24:50 you know change these like eight or ten
00:24:48 00:24:52 just to kind of keep them organized
00:24:50 00:24:53 and looking good um and then obviously
00:24:52 00:24:56 you take the link to the product so this
00:24:53 00:24:58 would be like www.likelowes.com you
00:24:56 00:25:00 would copy and paste that same url where
00:24:58 00:25:01 you sourced it and i don't have
00:25:00 00:25:03 that because i asked out of it right but
00:25:01 00:25:04 you would you like
00:25:03 00:25:05 it would be like something like this
00:25:04 00:25:07 right it would look like this right
00:25:05 00:25:08 you'd have the entire product source
00:25:07 00:25:11 and that way you know when somebody
00:25:08 00:25:12 comes and orders this asin on amazon or
00:25:11 00:25:15 this product right here
00:25:12 00:25:17 well then you source it from lows now
00:25:15 00:25:18 the next thing that i recommend that you
00:25:17 00:25:19 do
00:25:18 00:25:20 and this is going to matter because when
00:25:19 00:25:22 you set up your repricer i'm going to
00:25:20 00:25:23 show you how to do that
00:25:22 00:25:25 you're going to want to know what your
00:25:23 00:25:26 minimum price is right what your braking
00:25:25 00:25:28 even point is
00:25:26 00:25:29 or what you're willing to go and take
00:25:28 00:25:32 profit wise right
00:25:29 00:25:34 so if we go back to the fba calculator
00:25:32 00:25:37 this is a bad example of one because
00:25:34 00:25:39 it's only a net profit of 5.67
00:25:37 00:25:41 but if this was a lot higher for example
00:25:39 00:25:43 let's say the cost of the product here
00:25:41 00:25:44 was only 70 and we put this in we found
00:25:43 00:25:45 a profitable product and i was like oh
00:25:44 00:25:48 wow
00:25:45 00:25:50 cool i can sell this at 161. i can buy
00:25:48 00:25:53 this from the supplier at 70 bucks
00:25:50 00:25:55 and it's a 67 margin at 41 right
00:25:53 00:25:56 so then obviously i go list this i put
00:25:55 00:25:58 it into you know
00:25:56 00:25:59 everything else i'm going to show you
00:25:58 00:26:01 how to put it in the skew grid so it
00:25:59 00:26:02 checks the inventory in the future
00:26:01 00:26:04 tutorial so
00:26:02 00:26:05 that would also be a step here and then
00:26:04 00:26:07 later on you're obviously going to put
00:26:05 00:26:09 it in your repricer so you're going to
00:26:07 00:26:10 want to know your minimum price so your
00:26:09 00:26:12 repricer
00:26:10 00:26:13 can reprice according to the buy box but
00:26:12 00:26:15 never go below
00:26:13 00:26:16 your minimum price so you're still
00:26:15 00:26:18 always profitable and you don't have to
00:26:16 00:26:19 worry about it the benefit of doing this
00:26:18 00:26:21 on amazon
00:26:19 00:26:23 and drop shipping on amazon is once you
00:26:21 00:26:24 find a listing it literally sits there
00:26:23 00:26:26 and earns for you
00:26:24 00:26:28 and your repricer set up and skew sku
00:26:26 00:26:31 grid is set up your inventory program
00:26:28 00:26:32 all that set up and your minimum price
00:26:31 00:26:34 is set up
00:26:32 00:26:35 it's a lot more work than an fba than a
00:26:34 00:26:37 facebook marketplace listing but once
00:26:35 00:26:39 everything's set up you don't need to
00:26:37 00:26:40 worry about it anymore and so every
00:26:39 00:26:42 product
00:26:40 00:26:44 you know adds more value to your store
00:26:42 00:26:45 it's that's why amazon drop shipping is
00:26:44 00:26:46 so valuable and that's why there's so
00:26:45 00:26:47 much potential there
00:26:46 00:26:49 but you need to find out your minimum
00:26:47 00:26:50 price right so what i do then is i say
00:26:49 00:26:53 like okay
00:26:50 00:26:55 if the amazon is price is not 161 right
00:26:53 00:26:58 so the buy box price is no longer 161
00:26:55 00:27:00 maybe somebody drops the price like 140.
00:26:58 00:27:02 well then we calculate what our net
00:27:00 00:27:03 profit would be according to all these
00:27:02 00:27:04 fees if we source it at 70 bucks and all
00:27:03 00:27:06 those other things right
00:27:04 00:27:08 so that's totally fine we're still
00:27:06 00:27:10 profitable at 50 bucks right
00:27:08 00:27:12 so we want to keep playing with this
00:27:10 00:27:14 number up here on the item buy box price
00:27:12 00:27:15 for amazon until we find out you know
00:27:14 00:27:17 pretty much what we're comfortable
00:27:15 00:27:18 taking now sometimes i take this all the
00:27:17 00:27:20 way down
00:27:18 00:27:22 to like a dollar or two simply because
00:27:20 00:27:23 i'm willing to make the sale at a low
00:27:22 00:27:25 margin like that
00:27:23 00:27:27 um just because i want to improve my
00:27:25 00:27:28 metrics and just because i'm willing to
00:27:27 00:27:30 take a profit just because i want to
00:27:28 00:27:30 yeah i want i have the money and the
00:27:30 00:27:32 cash flow
00:27:30 00:27:34 and the credit to do it so like any
00:27:32 00:27:35 profit for me specifically
00:27:34 00:27:37 is good profit in my opinion and i'm
00:27:35 00:27:38 more concerned about selling more and
00:27:37 00:27:39 metrics
00:27:38 00:27:41 but you don't have to take that low of a
00:27:39 00:27:42 margin you can always you it
00:27:41 00:27:45 depends on what you're comfortable with
00:27:42 00:27:47 right you can always look for like a 10
00:27:45 00:27:48 margin or higher you can always look for
00:27:47 00:27:50 like a five or ten dollar
00:27:48 00:27:51 profit margin it really is up to you but
00:27:50 00:27:52 let's just
00:27:51 00:27:54 play around with this number a little
00:27:52 00:27:55 bit more we'll take it down to 120 so
00:27:54 00:27:59 somebody tanks the buy box price
00:27:55 00:28:00 to 120 from 160 well we're still
00:27:59 00:28:02 profitable at 30.
00:28:00 00:28:04 what if they go to 99.99 didn't mean to
00:28:02 00:28:06 do that
00:28:04 00:28:08 if they go to 99.99 are we still
00:28:06 00:28:08 profitable okay we're still profitable
00:28:08 00:28:10 at 15
00:28:08 00:28:13 right so that's still good well what if
00:28:10 00:28:15 they take it to 70.
00:28:13 00:28:16 okay and then we're losing 10 okay so we
00:28:15 00:28:18 need to find that break even point let's
00:28:16 00:28:20 say you only want to go to like a five
00:28:18 00:28:22 dollar net profit well what is that is
00:28:20 00:28:26 that eighty dollars
00:28:22 00:28:28 no is it ninety dollars
00:28:26 00:28:30 okay there roughly is about ninety so
00:28:28 00:28:32 you could say that your minimum price
00:28:30 00:28:34 is 90. you could also go a little bit
00:28:32 00:28:36 lower and say it might be 88.
00:28:34 00:28:37 okay there you go perfect 88. so then
00:28:36 00:28:38 we're going to say like okay that's what
00:28:37 00:28:40 i'm comfortable
00:28:38 00:28:42 making i'm comfortable making at very
00:28:40 00:28:44 very minimum my reprice would go all the
00:28:42 00:28:47 way down
00:28:44 00:28:50 to uh 4.80 profit margin if i sell this
00:28:47 00:28:51 at 88 and i buy it at 70 right
00:28:50 00:28:53 so then you're you know right there your
00:28:51 00:28:55 minimum price is 88. so the reason you
00:28:53 00:28:57 put this into your spreadsheet is so
00:28:55 00:28:58 that when you go and put this into your
00:28:57 00:29:00 repricer you
00:28:58 00:29:01 know what to set your minimum price at
00:29:00 00:29:03 because you're going to need to know
00:29:01 00:29:03 that to reprice it and you're never
00:29:03 00:29:06 going to want
00:29:03 00:29:07 your repricer to go below that otherwise
00:29:06 00:29:09 you'll be losing money okay
00:29:07 00:29:11 so that's why i recommend setting this
00:29:09 00:29:11 up all this information is very very
00:29:11 00:29:13 similar
00:29:11 00:29:15 this is a different spreadsheet than
00:29:13 00:29:16 your order spreadsheet right so when you
00:29:15 00:29:18 get an order the one that i showed you
00:29:16 00:29:20 earlier in the in the course
00:29:18 00:29:21 but when you're dropping on amazon these
00:29:20 00:29:23 are all important things that you're
00:29:21 00:29:24 going to need so make sure that you have
00:29:23 00:29:26 another spreadsheet
00:29:24 00:29:28 for them okay now let's move into the
00:29:26 00:29:31 sourcing
00:29:28 00:29:33 so we found two we we took it one step
00:29:31 00:29:34 further right we searched private label
00:29:33 00:29:36 brands on amazon
00:29:34 00:29:38 we found a drop shipping listings now
00:29:36 00:29:39 we're finding stores on those listings
00:29:38 00:29:40 that are drop shipping we're gonna go to
00:29:39 00:29:42 their store fronts
00:29:40 00:29:44 to see what types of products they're
00:29:42 00:29:46 drop shipping because typically speaking
00:29:44 00:29:47 people are creatures of habit if they're
00:29:46 00:29:49 drop shipping from lows
00:29:47 00:29:51 then chances are a lot of their items in
00:29:49 00:29:52 their store are you know lowe's drop
00:29:51 00:29:54 shipping orders right look they're
00:29:52 00:29:56 clearly drop shipping they have a lot of
00:29:54 00:29:58 pages a lot of products okay
00:29:56 00:29:59 now it doesn't always it isn't always
00:29:58 00:30:01 the case but typically
00:29:59 00:30:03 you know the first couple pages are have
00:30:01 00:30:05 the some of the best listings here so
00:30:03 00:30:05 let's just pull up one as an example
00:30:05 00:30:07 right
00:30:05 00:30:08 and this you do the same thing you take
00:30:07 00:30:10 it one step further and you just go down
00:30:08 00:30:11 this list and search all these specific
00:30:10 00:30:13 products here
00:30:11 00:30:15 and find the supplier typically it's
00:30:13 00:30:16 going to be lows but you can google that
00:30:15 00:30:18 this specific uh
00:30:16 00:30:19 product and find the supplier right you
00:30:18 00:30:21 can assume it's going to be lows
00:30:19 00:30:23 because like i said people are creatures
00:30:21 00:30:24 of habit but let's just find it right is
00:30:23 00:30:26 this a good listing okay
00:30:24 00:30:27 well as you're going down all of these
00:30:26 00:30:29 none of these are prime right so they're
00:30:27 00:30:32 all being drop shipped clearly
00:30:29 00:30:34 okay so we found one let's check it out
00:30:32 00:30:36 now one thing i will say is when you're
00:30:34 00:30:37 on this listing and you're clicking on
00:30:36 00:30:39 the listing
00:30:37 00:30:41 from someone's store like i just showed
00:30:39 00:30:43 you there won't be any people competing
00:30:41 00:30:44 on this because you're just on their
00:30:43 00:30:46 store specifically right
00:30:44 00:30:48 so i'm just on their store nobody else
00:30:46 00:30:50 is competing so i need to actually
00:30:48 00:30:52 search this again and find the
00:30:50 00:30:53 amazon listing because while we're in
00:30:52 00:30:56 amazon
00:30:53 00:30:57 we're within home headquarters store on
00:30:56 00:30:59 amazon so they're not competing with
00:30:57 00:31:02 anybody right so i need to right click
00:30:59 00:31:03 and search amazon for this or you just
00:31:02 00:31:05 paste it into the search bar
00:31:03 00:31:07 and this is actually a uh the right
00:31:05 00:31:08 click where is it
00:31:07 00:31:11 move this over there that's the other
00:31:08 00:31:12 store the right click search amazon is
00:31:11 00:31:15 actually a
00:31:12 00:31:16 uh it's a google chrome plugin i believe
00:31:15 00:31:17 it's just called right click search
00:31:16 00:31:18 amazon
00:31:17 00:31:20 but you can find that or you can
00:31:18 00:31:21 literally just copy it and then paste it
00:31:20 00:31:22 into the search bar
00:31:21 00:31:24 just the same um but i just kind of
00:31:22 00:31:25 wanted to touch on that so we're looking
00:31:24 00:31:29 for the
00:31:25 00:31:32 the hess corvana 128 ld 17
00:31:29 00:31:34 inch 128 ld 17 inch there we go amazon's
00:31:32 00:31:36 choice right there although it is prime
00:31:34 00:31:38 so probably not something we want to
00:31:36 00:31:39 compete with unless you can source it
00:31:38 00:31:41 relatively cheap
00:31:39 00:31:43 so we found it right there detachable
00:31:41 00:31:45 gas string trimmer
00:31:43 00:31:47 we did find it there just to verify and
00:31:45 00:31:49 show you i'm sure home headquarters or
00:31:47 00:31:50 whoever that person was
00:31:49 00:31:52 home headquarters is probably on this
00:31:50 00:31:53 listing
00:31:52 00:31:55 home headquarters there we are we
00:31:53 00:31:56 clearly found the right listing now it's
00:31:55 00:31:58 being
00:31:56 00:31:59 it's sold by amazon so we clearly want
00:31:58 00:32:01 to avoid this and it's prime
00:31:59 00:32:03 this is a bad listing okay but just to
00:32:01 00:32:05 show you let me even see like assuming
00:32:03 00:32:06 it wasn't being sold by amazon assuming
00:32:05 00:32:08 it wasn't a prime
00:32:06 00:32:10 is it a good product to find now we do
00:32:08 00:32:11 the same thing right we took it one step
00:32:10 00:32:12 further we want to search google for
00:32:11 00:32:14 this now
00:32:12 00:32:16 so we're going to search google
00:32:14 00:32:17 typically it's going to be lows
00:32:16 00:32:18 because like i said most people are
00:32:17 00:32:20 creatures of habit if they're drop
00:32:18 00:32:20 shipping from lows chances are they're
00:32:20 00:32:21 going to
00:32:20 00:32:23 most of their listings are going to be
00:32:21 00:32:23 from lowe's or maybe one or two other
00:32:23 00:32:25 places
00:32:23 00:32:26 you're rarely going to find a store
00:32:25 00:32:28 that's like drop shipping from like 100
00:32:26 00:32:31 different places it's typically
00:32:28 00:32:33 roughly the same usual places okay and
00:32:31 00:32:35 this is 199 on lowe's it's selling for
00:32:33 00:32:37 219 on amazon so
00:32:35 00:32:38 there there's a difference there but
00:32:37 00:32:40 it's really not going to be that
00:32:38 00:32:42 profitable
00:32:40 00:32:43 let's find one that potentially is so
00:32:42 00:32:45 this one's filter light let's
00:32:43 00:32:48 no let's go after something like this is
00:32:45 00:32:49 a bestseller and typically this is
00:32:48 00:32:51 not always the case so you can if you
00:32:49 00:32:53 have more time avoid ones with like
00:32:51 00:32:54 amazon's choice or best seller tags
00:32:53 00:32:56 because usually the price is going to
00:32:54 00:32:57 drop on those a lot and usually amazon's
00:32:56 00:32:59 going to be on those listings okay
00:32:57 00:33:03 or they're going to be very competitive
00:32:59 00:33:05 let me go check this one out
00:33:03 00:33:06 so again we're in their store right home
00:33:05 00:33:08 headquarters were in their store so
00:33:06 00:33:09 there's nobody competing on this listing
00:33:08 00:33:11 so we need to take it one step further
00:33:09 00:33:13 and actually search amazon for this
00:33:11 00:33:15 so you can copy and paste this into the
00:33:13 00:33:16 amazon search bar or you can just right
00:33:15 00:33:19 click search amazon if you've downloaded
00:33:16 00:33:22 it and again this is an amazon's choice
00:33:19 00:33:23 i believe 20 ounce and so
00:33:22 00:33:24 look how much the price dropped so
00:33:23 00:33:26 that's perfect example of that we're
00:33:24 00:33:31 going to avoid that one
00:33:26 00:33:31 now let's go to let's try this i guess
00:33:32 00:33:36 and we're going to right click we're
00:33:33 00:33:40 going to search amazon
00:33:36 00:33:41 filter light right there 1550s
00:33:40 00:33:43 the price has dropped significantly and
00:33:41 00:33:44 that's typically gonna you know be the
00:33:43 00:33:46 case a lot of times
00:33:44 00:33:48 um so their price is obviously listed
00:33:46 00:33:50 high again this is a prime listing
00:33:48 00:33:51 with amazon so that's when we're gonna
00:33:50 00:33:52 avoid
00:33:51 00:33:56 let's go down a little bit let's try to
00:33:52 00:33:57 find one let's summer deluxe stairway
00:33:56 00:33:59 we're going to right click and search
00:33:57 00:34:00 this on amazon first right because we're
00:33:59 00:34:02 in their store
00:34:00 00:34:03 and then when we find that so summer
00:34:02 00:34:07 deluxe hallway
00:34:03 00:34:08 simple 32 inch and this one is also
00:34:07 00:34:11 prime and probably sold by amazon so
00:34:08 00:34:11 that's a bad one
00:34:11 00:34:19 and this one the bosch power tools
00:34:15 00:34:21 we're going to copy this search amazon
00:34:19 00:34:23 we're looking for the bosch power tools
00:34:21 00:34:27 combo kit clp
00:34:23 00:34:31 combo kit clp k22
00:34:27 00:34:34 120 12 volt 120 12 volt so there's that
00:34:31 00:34:35 listing right there we found the listing
00:34:34 00:34:38 right there
00:34:35 00:34:39 as you can see amazon is on this which
00:34:38 00:34:41 is not a good sign
00:34:39 00:34:43 but it is not prime so maybe this is
00:34:41 00:34:43 going to be a potentially good listing
00:34:43 00:34:46 okay
00:34:43 00:34:47 so let's uh what we're going to do now
00:34:46 00:34:48 is we're going to right click and search
00:34:47 00:34:49 google to find
00:34:48 00:34:52 this it's probably going to be lows
00:34:49 00:34:54 again remember so bosh power tool
00:34:52 00:34:56 combo kit there it is right there bam
00:34:54 00:34:58 and it's 99 on lows
00:34:56 00:34:59 obviously not profitable right here um
00:34:58 00:35:01 so that's another
00:34:59 00:35:03 bad example okay now i'm not going to
00:35:01 00:35:05 waste your time
00:35:03 00:35:06 but if you do this with some stores
00:35:05 00:35:08 sometimes you'll find duds of stores
00:35:06 00:35:11 where like they they just have all their
00:35:08 00:35:12 their products overpriced and you know
00:35:11 00:35:13 you can there's clearly a lot of
00:35:12 00:35:15 products here
00:35:13 00:35:16 but just like i showed you before it's
00:35:15 00:35:18 the same overall thing
00:35:16 00:35:20 you want to find a product you want to
00:35:18 00:35:20 search for it obviously find the
00:35:20 00:35:22 supplier
00:35:20 00:35:24 and then you want to see if you're
00:35:22 00:35:26 profitable okay but one thing i do want
00:35:24 00:35:27 to say is if you're coming from a store
00:35:26 00:35:29 like this if you're coming from somebody
00:35:27 00:35:30 else's store look oasis seven
00:35:29 00:35:33 on on their store and you click on a
00:35:30 00:35:34 listing remember on that specific
00:35:33 00:35:35 listing because you came from their
00:35:34 00:35:36 store
00:35:35 00:35:38 they're not gonna have competition so
00:35:36 00:35:38 you need to actually take it one step
00:35:38 00:35:41 further and search
00:35:38 00:35:42 amazon for that okay and then you can
00:35:41 00:35:44 just keep doing this
00:35:42 00:35:46 and you can either search private label
00:35:44 00:35:47 brands on amazon or you can search
00:35:46 00:35:49 private label brands on amazon
00:35:47 00:35:51 find stores and then reverse engineer
00:35:49 00:35:53 those stores best listings
00:35:51 00:35:54 you can even outsource this to a va if
00:35:53 00:35:55 you don't want to spend the time on it
00:35:54 00:35:57 right
00:35:55 00:35:58 and then all you need to do is it's a
00:35:57 00:36:00 lot like that that store specifically
00:35:58 00:36:01 had a lot of products
00:36:00 00:36:03 if we go back to this other store oasis
00:36:01 00:36:06 748 marketing
00:36:03 00:36:07 this one also had this story has even
00:36:06 00:36:09 more products
00:36:07 00:36:10 um but basically you can go down these
00:36:09 00:36:12 these products right here and you know
00:36:10 00:36:13 typically
00:36:12 00:36:15 these are all going to be drop ship
00:36:13 00:36:17 products right so i'll check one more
00:36:15 00:36:18 for you really fast but
00:36:17 00:36:20 you can do this on your own and you can
00:36:18 00:36:21 find products just the same like this
00:36:20 00:36:24 and remember
00:36:21 00:36:25 it's the same with amazon it's a slower
00:36:24 00:36:28 process
00:36:25 00:36:30 but because it's a slower process you
00:36:28 00:36:31 once you find a good a good listing
00:36:30 00:36:33 that listing is going to sit there and
00:36:31 00:36:35 potentially sell and earn for you
00:36:33 00:36:38 honestly for the foreseeable future okay
00:36:35 00:36:39 so this is the ninja 72 ounce thousand
00:36:38 00:36:42 watt base
00:36:39 00:36:42 ninja 72 ounce countertop thousand watts
00:36:42 00:36:46 base
00:36:42 00:36:47 and this is a amazon choice amazon
00:36:46 00:36:49 selling it and prime so we're gonna
00:36:47 00:36:50 avoid this one as well
00:36:49 00:36:52 but that's basically just showing you
00:36:50 00:36:53 the the tip of the iceberg here
00:36:52 00:36:54 obviously you're just to go down their
00:36:53 00:36:56 product list
00:36:54 00:36:58 do every single thing again and figure
00:36:56 00:36:59 out and reverse engineer
00:36:58 00:37:00 where they're being sourced from
00:36:59 00:37:02 obviously the majority of these are
00:37:00 00:37:04 probably lows
00:37:02 00:37:05 um but you you might see other ones in
00:37:04 00:37:07 there chances are they're not drop
00:37:05 00:37:08 shipping all of lowe's inventory at 125
00:37:07 00:37:09 list
00:37:08 00:37:10 pages but then you're literally just
00:37:09 00:37:12 going to go down you know all these
00:37:10 00:37:13 products are products that can be drop
00:37:12 00:37:14 shipped so you want to find out if
00:37:13 00:37:16 they're profitable
00:37:14 00:37:18 because they wouldn't all be in this
00:37:16 00:37:19 person's store here and been listed
00:37:18 00:37:21 they are clearly profitable and good
00:37:19 00:37:22 drop shipping products at some point
00:37:21 00:37:24 so you just need to find the ones that
00:37:22 00:37:26 in this person's store that are still
00:37:24 00:37:28 profitable and can be drop shipped okay
00:37:26 00:37:29 so that's the second way that you can
00:37:28 00:37:32 find profitable products to dropship on
00:37:29 00:37:32 amazon