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Retail Arbitrage On Amazon FBA For Beginners

Published on: November 30 2022 by Carter Maxwell

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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