Retail Arbitrage On Amazon FBA For Beginners
Published on: November 30 2022 by Carter Maxwell
Retail Arbitrage On Amazon FBA For Beginners
Table of Contents About Retail Arbitrage On Amazon FBA For Beginners
Retail Arbitrage On Amazon FBA For Beginners
startTime | durationTime | text |
00:00:12 | 00:00:15 | so |
00:00:20 | 00:00:24 | what's up everyone carter here and i'm |
00:00:22 | 00:00:27 | here with my good friend milo 19 years |
00:00:24 | 00:00:29 | old a six figure amazon seller and in |
00:00:27 | 00:00:31 | today's video we're gonna break down the |
00:00:29 | 00:00:33 | exact steps that you need to take to |
00:00:31 | 00:00:35 | have success on amazon using the retail |
00:00:33 | 00:00:37 | arbitrage business model and before we |
00:00:35 | 00:00:38 | get into those exact steps milo do you |
00:00:37 | 00:00:41 | want to tok a little bit more about |
00:00:38 | 00:00:43 | your success using retail arbitrage in |
00:00:41 | 00:00:44 | the past definitely so retail arbitrage |
00:00:43 | 00:00:46 | can be very lucrative if you hop on the |
00:00:44 | 00:00:47 | right item so when i first started |
00:00:46 | 00:00:49 | selling on amazon i actually hopped in |
00:00:47 | 00:00:52 | on when patio heaters were super hot i |
00:00:49 | 00:00:53 | was buying them for 149 at home depot or |
00:00:52 | 00:00:56 | lowe's and selling them on amazon for |
00:00:53 | 00:00:57 | around 300. i saw the lead posting a |
00:00:56 | 00:00:59 | bolo group i took the lead and i ran |
00:00:57 | 00:01:00 | with it and i mean they were almost |
00:00:59 | 00:01:02 | instant sales as soon as you could get |
00:01:00 | 00:01:03 | them and post them it would sell the |
00:01:02 | 00:01:05 | same day so now that you know a little |
00:01:03 | 00:01:07 | bit more about our guest milo let's go |
00:01:05 | 00:01:08 | ahead and get into those exact steps |
00:01:07 | 00:01:10 | that you need to take so step number one |
00:01:08 | 00:01:13 | is you need to create your amazon seller |
00:01:10 | 00:01:14 | central account now this isn't an amazon |
00:01:13 | 00:01:16 | buying account you actually have to |
00:01:14 | 00:01:17 | create a separate account as a seller |
00:01:16 | 00:01:19 | now there's actually two different |
00:01:17 | 00:01:21 | seller plans you can select from there's |
00:01:19 | 00:01:22 | an individual seller plan which is free |
00:01:21 | 00:01:24 | and then there's a professional seller |
00:01:22 | 00:01:26 | plan which is 40 per month i'm not gonna |
00:01:24 | 00:01:28 | dive too deep into them but i would |
00:01:26 | 00:01:29 | recommend their professional seller plan |
00:01:28 | 00:01:31 | there's a couple more features and |
00:01:29 | 00:01:32 | benefits to selecting that plan that i |
00:01:31 | 00:01:34 | recommend for beginner sellers that |
00:01:32 | 00:01:36 | process is pretty smooth flowing |
00:01:34 | 00:01:38 | basically amazon just wants to identify |
00:01:36 | 00:01:40 | you and your address as a seller before |
00:01:38 | 00:01:42 | they allow you to sell on their platform |
00:01:40 | 00:01:45 | so that's step number one that leads us |
00:01:42 | 00:01:47 | to step number two which is product |
00:01:45 | 00:01:48 | research now while i have milo here i'm |
00:01:47 | 00:01:51 | gonna ask him a little bit more about |
00:01:48 | 00:01:53 | how he likes to do his product research |
00:01:51 | 00:01:55 | so milo obviously with the retail |
00:01:53 | 00:01:57 | arbitrage business model you're buying |
00:01:55 | 00:01:59 | items from retail stores walmart's |
00:01:57 | 00:02:01 | targets home depots whatever it might be |
00:01:59 | 00:02:03 | what retail stores have you had the best |
00:02:01 | 00:02:05 | success with so i had a lot of success |
00:02:03 | 00:02:06 | with home depot and lowe's they usually |
00:02:05 | 00:02:09 | get a lot of the quantity of seasonal |
00:02:06 | 00:02:10 | items so usually if you find a good lead |
00:02:09 | 00:02:12 | and you could really hop on that lead |
00:02:10 | 00:02:13 | and take huge advantage of it so milo is |
00:02:12 | 00:02:15 | there any product that you want to tok |
00:02:13 | 00:02:17 | about that you had really great success |
00:02:15 | 00:02:19 | with in the past like what the item was |
00:02:17 | 00:02:21 | where you were getting it what it was |
00:02:19 | 00:02:23 | selling for so first off obviously patio |
00:02:21 | 00:02:25 | heaters we was buying them for 149 and |
00:02:23 | 00:02:27 | flipping them on amazon for 300. |
00:02:25 | 00:02:29 | and then also chlorine i sold a ton of |
00:02:27 | 00:02:31 | chlorine we was buying it for i believe |
00:02:29 | 00:02:33 | 59 and i was actually flipping that for |
00:02:31 | 00:02:35 | around 160 |
00:02:33 | 00:02:37 | a tub so obviously the first step of the |
00:02:35 | 00:02:38 | product research with rita arbitrage a |
00:02:37 | 00:02:40 | lot of people like to you know just go |
00:02:38 | 00:02:41 | to the retail store let's say they go to |
00:02:40 | 00:02:43 | walmart and you know start scanning |
00:02:41 | 00:02:45 | items maybe find something on clearance |
00:02:43 | 00:02:46 | something for retail price that's high |
00:02:45 | 00:02:48 | in demand but you know a lot of people |
00:02:46 | 00:02:49 | struggle with product research or even |
00:02:48 | 00:02:51 | maybe what items like you walk into the |
00:02:49 | 00:02:53 | whole store where should you start |
00:02:51 | 00:02:54 | scanning have you used any resources |
00:02:53 | 00:02:56 | that have allowed you to find profitable |
00:02:54 | 00:02:58 | items like the chlorine so i highly |
00:02:56 | 00:03:00 | suggest new beginners to pretty much |
00:02:58 | 00:03:01 | join a bolo group a group that helps you |
00:03:00 | 00:03:04 | with finding profitable items if it's |
00:03:01 | 00:03:05 | seasonal or even if it's replenishable |
00:03:04 | 00:03:07 | something you can sell every single day |
00:03:05 | 00:03:09 | of the week so i actually have my own |
00:03:07 | 00:03:11 | online community called the selling fast |
00:03:09 | 00:03:13 | lane our community is built around |
00:03:11 | 00:03:16 | helping new amazon sellers or current |
00:03:13 | 00:03:18 | amazon sellers make more money on amazon |
00:03:16 | 00:03:19 | now we do this in a few different ways |
00:03:18 | 00:03:21 | one of our more popular ways is we |
00:03:19 | 00:03:23 | actually provide a lead generation |
00:03:21 | 00:03:25 | service so every single day we have |
00:03:23 | 00:03:28 | consistent read to arbitrage and online |
00:03:25 | 00:03:30 | arbitrage leads being posted now these |
00:03:28 | 00:03:32 | leads are actually sharing with you what |
00:03:30 | 00:03:34 | the item is what store you can buy the |
00:03:32 | 00:03:36 | item at what the item costs and what |
00:03:34 | 00:03:39 | it's actually selling for back on amazon |
00:03:36 | 00:03:40 | and sometimes we'll even post brick seek |
00:03:39 | 00:03:43 | links these are links that you can use |
00:03:40 | 00:03:46 | put in your zip code and it'll actually |
00:03:43 | 00:03:47 | tell you what stores in your area have |
00:03:46 | 00:03:49 | stoks so you know which stores to go to |
00:03:47 | 00:03:51 | and which ones to not go to now inside |
00:03:49 | 00:03:53 | the community we also have different |
00:03:51 | 00:03:55 | channels dedicated to different services |
00:03:53 | 00:03:57 | to help our members but help you get |
00:03:55 | 00:03:59 | ungated we can help you with any |
00:03:57 | 00:04:00 | shipping needs that you might have |
00:03:59 | 00:04:02 | helping you find a couple products |
00:04:00 | 00:04:04 | whatever it might be any questions that |
00:04:02 | 00:04:06 | you have we have different channels most |
00:04:04 | 00:04:08 | importantly we have 500 plus amazon |
00:04:06 | 00:04:10 | sellers you can connect with network |
00:04:08 | 00:04:12 | with and learn from to grow your own |
00:04:10 | 00:04:14 | amazon business or potentially start |
00:04:12 | 00:04:16 | your first ever amazon business so if |
00:04:14 | 00:04:18 | you want to join that community and join |
00:04:16 | 00:04:20 | milo and i and you want to get 50 off |
00:04:18 | 00:04:22 | your first month all you have to do is |
00:04:20 | 00:04:23 | use coupon code youtube all caps to get |
00:04:22 | 00:04:25 | 50 off your first month we'll have a |
00:04:23 | 00:04:26 | link to that in the description of this |
00:04:25 | 00:04:28 | video so that brings us to step number |
00:04:26 | 00:04:30 | three which is you need to list that |
00:04:28 | 00:04:31 | item on amazon so let's say you went to |
00:04:30 | 00:04:33 | the store you found some books or you |
00:04:31 | 00:04:35 | found some toys something that you want |
00:04:33 | 00:04:37 | to sell on amazon how do you exactly go |
00:04:35 | 00:04:39 | about that process well there's two |
00:04:37 | 00:04:41 | different ways two different ways that |
00:04:39 | 00:04:44 | you can sell an item on amazon there's |
00:04:41 | 00:04:46 | fba fulfillment by amazon and fbm |
00:04:44 | 00:04:47 | fulfilled by merchant milo do you want |
00:04:46 | 00:04:50 | to break down the difference between |
00:04:47 | 00:04:52 | those two and what's maybe work best for |
00:04:50 | 00:04:53 | you definitely so fulfillment by amazon |
00:04:52 | 00:04:55 | is pretty much once you have your item |
00:04:53 | 00:04:56 | or your product you would label it and |
00:04:55 | 00:04:58 | you would put it in a box and you'd send |
00:04:56 | 00:04:59 | it off to amazon once it gets to amazon |
00:04:58 | 00:05:01 | they'll take care of all the logistiks |
00:04:59 | 00:05:03 | customer service and there's also |
00:05:01 | 00:05:04 | another service called fulfilled by |
00:05:03 | 00:05:05 | merchant this is pretty much where you |
00:05:04 | 00:05:07 | do all the logistiks where once you find |
00:05:05 | 00:05:09 | your item you'll pretty much list it on |
00:05:07 | 00:05:10 | amazon once it sells you'll send it out |
00:05:09 | 00:05:12 | yourself this service is perfect for |
00:05:10 | 00:05:13 | usually like a seasonal item if you have |
00:05:12 | 00:05:15 | a kind of a deadline when you need to |
00:05:13 | 00:05:16 | sell this product in a short amount of |
00:05:15 | 00:05:18 | time so you pretty much want to get it |
00:05:16 | 00:05:20 | listed and get it sold and get it out of |
00:05:18 | 00:05:22 | there as fast as possible so as far as |
00:05:20 | 00:05:23 | fba and fbm everyone's like okay carter |
00:05:22 | 00:05:25 | which one is gonna make me the most |
00:05:23 | 00:05:27 | money which one is the best and really |
00:05:25 | 00:05:28 | there's no right or wrong answer i feel |
00:05:27 | 00:05:30 | like it just comes down to the scenario |
00:05:28 | 00:05:33 | that fits you the best so that leads us |
00:05:30 | 00:05:35 | to step number four and that's what to |
00:05:33 | 00:05:38 | do after an item actually sells let's |
00:05:35 | 00:05:42 | say you found this book you listed it it |
00:05:38 | 00:05:44 | sold now what do you do now with fba |
00:05:42 | 00:05:46 | this is already at the amos on warehouse |
00:05:44 | 00:05:47 | after someone buys it amazon's going to |
00:05:46 | 00:05:51 | ship it to the customer the book guy |
00:05:47 | 00:05:54 | here as you can see he's got over 1300 |
00:05:51 | 00:05:56 | merchant fulfilled books behind us milo |
00:05:54 | 00:05:57 | let's say you just sold this book what |
00:05:56 | 00:05:59 | is the process definitely so once the |
00:05:57 | 00:06:01 | book sells you would collect the book |
00:05:59 | 00:06:02 | and then you would pack it into whatever |
00:06:01 | 00:06:04 | if it's a poly miller it's a bubble |
00:06:02 | 00:06:05 | mailer and then you would go to your |
00:06:04 | 00:06:07 | manage orders you print out the shipping |
00:06:05 | 00:06:08 | label stik it on there and easy as |
00:06:07 | 00:06:10 | dropping it off at post office and |
00:06:08 | 00:06:12 | they'll get it right to your customer so |
00:06:10 | 00:06:14 | that brings us to step number five which |
00:06:12 | 00:06:17 | is basically just to repeat steps one |
00:06:14 | 00:06:19 | through four as often as you can what i |
00:06:17 | 00:06:21 | mean by this is if you want to make more |
00:06:19 | 00:06:22 | money in your amazon business well you |
00:06:21 | 00:06:24 | need to be doing more product research |
00:06:22 | 00:06:26 | you need to be buying more profitable |
00:06:24 | 00:06:28 | items sending those items listing those |
00:06:26 | 00:06:29 | items on amazon and selling those items |
00:06:28 | 00:06:31 | the more items you buy the more items |
00:06:29 | 00:06:33 | you sell the more revenue you make and |
00:06:31 | 00:06:35 | the more money you make as well and that |
00:06:33 | 00:06:37 | leads me to our tip section of this |
00:06:35 | 00:06:39 | video milo and i are going to share our |
00:06:37 | 00:06:41 | top tip that we recommend for beginners |
00:06:39 | 00:06:43 | when using the retail arbitrage business |
00:06:41 | 00:06:45 | model so milo what is your number one |
00:06:43 | 00:06:47 | tip for beginner sellers to have success |
00:06:45 | 00:06:49 | on amazon using the retail arbitrage |
00:06:47 | 00:06:51 | business model so pretty much just |
00:06:49 | 00:06:53 | invest in your business if it's in |
00:06:51 | 00:06:54 | software or if it's in discord groups |
00:06:53 | 00:06:56 | finding out what works best for you and |
00:06:54 | 00:06:58 | repeating those steps and stay |
00:06:56 | 00:07:00 | consistent keep feeding the beast now my |
00:06:58 | 00:07:03 | number one tip is to utilize a software |
00:07:00 | 00:07:05 | called brick seek and keepa keepa is |
00:07:03 | 00:07:08 | actually a software i think it's like 17 |
00:07:05 | 00:07:10 | a month it helps to analyze an amazon |
00:07:08 | 00:07:12 | listing and view the past sales history |
00:07:10 | 00:07:14 | data which is very important as far as |
00:07:12 | 00:07:16 | making a proper buying decision for an |
00:07:14 | 00:07:19 | item and then also the website called |
00:07:16 | 00:07:21 | brickseek allows you to check stok at |
00:07:19 | 00:07:22 | stores in your local area so let's say |
00:07:21 | 00:07:24 | you want to buy this halloween |
00:07:22 | 00:07:26 | decoration at walmart or lowe's you can |
00:07:24 | 00:07:28 | plug in the sku number or the model |
00:07:26 | 00:07:30 | number and that website brickseek will |
00:07:28 | 00:07:32 | actually show you which stores in your |
00:07:30 | 00:07:34 | city or your zip code have stoks you |
00:07:32 | 00:07:36 | know which stores to go to which ones to |
00:07:34 | 00:07:38 | not go to so if y'all want to learn more |
00:07:36 | 00:07:40 | about selling on amazon you know how to |
00:07:38 | 00:07:42 | sell books on amazon doing retail |
00:07:40 | 00:07:44 | arbitrage make sure you follow my good |
00:07:42 | 00:07:46 | friend milo on instagram we'll have his |
00:07:44 | 00:07:47 | instagram link below in the description |
00:07:46 | 00:07:49 | of this video his dms are open if you |
00:07:47 | 00:07:51 | guys have any questions you're needing |
00:07:49 | 00:07:52 | some more help getting started helping |
00:07:51 | 00:07:54 | you find your first couple of items make |
00:07:52 | 00:07:55 | sure you go follow milo on instagram |
00:07:54 | 00:07:57 | we'll have a link to that in the |
00:07:55 | 00:08:00 | description of this video anyways that |
00:07:57 | 00:08:02 | is it for today's video thank you all so |
00:08:00 | 00:08:04 | much for watching actually shout out to |
00:08:02 | 00:08:05 | milo for letting me come down and make |
00:08:04 | 00:08:07 | this video with him i appreciate that my |
00:08:05 | 00:08:08 | guy if you guys have any comments or |
00:08:07 | 00:08:10 | questions regarding anything we went |
00:08:08 | 00:08:12 | over feel free to comment below i'll do |
00:08:10 | 00:08:14 | my best to get back to as many as i can |
00:08:12 | 00:08:16 | and of course if you got any value from |
00:08:14 | 00:08:18 | this video please smash that like button |
00:08:16 | 00:08:20 | i would greatly appreciate that and if |
00:08:18 | 00:08:21 | you guys want to see more content just |
00:08:20 | 00:08:23 | like this on how you can create an |
00:08:21 | 00:08:24 | additional stream of income online then |
00:08:23 | 00:08:26 | make sure you subscribe to the channel |
00:08:24 | 00:08:29 | and i hope to see you all in the next |
00:08:26 | 00:08:29 | video |
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