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
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 |
