The BEST Way To Make $10,000 Per Month FAST Selling Online In 2022
Published on: November 30 2022 by Carter Maxwell
The BEST Way To Make $10,000 Per Month FAST Selling Online In 2022
Table of Contents
The BEST Way To Make $10,000 Per Month FAST Selling Online In 2022
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00:00:00 | 00:00:04 | what's up everyone Carter Maxwell here |
00:00:02 | 00:00:06 | the high school hustler and in this |
00:00:04 | 00:00:08 | video I'll be going over the best way to |
00:00:06 | 00:00:12 | make ten thousand dollars per month fast |
00:00:08 | 00:00:14 | selling online in 2018 so with it being |
00:00:12 | 00:00:16 | late January early February in 2018 |
00:00:14 | 00:00:18 | everyone is looking for the next |
00:00:16 | 00:00:20 | opportunity to make money online if it |
00:00:18 | 00:00:23 | be selling on Shopify selling on eBay |
00:00:20 | 00:00:25 | selling on Amazon or whatever that's why |
00:00:23 | 00:00:27 | I wanted to make this video just kind of |
00:00:25 | 00:00:28 | break down what I personally think is |
00:00:27 | 00:00:30 | going to be the easiest way for like a |
00:00:28 | 00:00:33 | new seller or an already established |
00:00:30 | 00:00:35 | seller to take their new business from |
00:00:33 | 00:00:36 | zero to five thousand ten thousand |
00:00:35 | 00:00:39 | fifteen thousand dollars per month |
00:00:36 | 00:00:41 | quickly so let's get right into it |
00:00:39 | 00:00:43 | so my personal opinion on one of the |
00:00:41 | 00:00:47 | best ways to make money online in 2018 |
00:00:43 | 00:00:49 | is gonna be reselling on Amazon FBA now |
00:00:47 | 00:00:51 | when I first started my Amazon journey |
00:00:49 | 00:00:53 | this is the exact business model that I |
00:00:51 | 00:00:57 | used I would find random items such as |
00:00:53 | 00:00:59 | books video games toys electronics from |
00:00:57 | 00:01:01 | either like thrift stores or I would go |
00:00:59 | 00:01:04 | to garage sales or book sales now to |
00:01:01 | 00:01:05 | purchase these items for extremely cheap |
00:01:04 | 00:01:07 | like I would have purchase books for |
00:01:05 | 00:01:10 | like a dollar and I'd be selling them |
00:01:07 | 00:01:11 | for fifteen twenty dollars all day long |
00:01:10 | 00:01:13 | and that's why I really like this |
00:01:11 | 00:01:15 | business model and that's why I think |
00:01:13 | 00:01:18 | it's gonna be one of the best in 2018 in |
00:01:15 | 00:01:19 | the easiest and cost-efficient for maybe |
00:01:18 | 00:01:22 | new sellers are already established |
00:01:19 | 00:01:24 | sellers to get into so throughout this |
00:01:22 | 00:01:25 | video I'll be going over some of the |
00:01:24 | 00:01:28 | different benefits of this business |
00:01:25 | 00:01:30 | model where you can source these items |
00:01:28 | 00:01:32 | if it be courage sales thrift stores or |
00:01:30 | 00:01:34 | even online sourcing and I'll be going |
00:01:32 | 00:01:36 | over just a breakdown of what exactly |
00:01:34 | 00:01:38 | reselling is and how you can scale your |
00:01:36 | 00:01:40 | business from zero to ten thousand |
00:01:38 | 00:01:42 | dollars per month quickly now there are |
00:01:40 | 00:01:45 | so many different benefits when it comes |
00:01:42 | 00:01:46 | to reselling on Amazon FBA so I'm gonna |
00:01:45 | 00:01:48 | go over a few of the more important |
00:01:46 | 00:01:49 | benefits starting with the lowest |
00:01:48 | 00:01:50 | startup cost |
00:01:49 | 00:01:53 | there aren't many businesses that you |
00:01:50 | 00:01:55 | can start for under $100 I mean there's |
00:01:53 | 00:01:57 | the seller plan which is gonna be $40 |
00:01:55 | 00:01:59 | per month and it's totally worth it and |
00:01:57 | 00:02:01 | then it's obviously going to be the |
00:01:59 | 00:02:03 | price that you pay for your inventory |
00:02:01 | 00:02:07 | now depending on what you're buying if |
00:02:03 | 00:02:09 | it be video games books electronics you |
00:02:07 | 00:02:11 | can usually get them for around $1 to |
00:02:09 | 00:02:12 | $10 per unit |
00:02:11 | 00:02:14 | average which is gonna be extremely |
00:02:12 | 00:02:16 | cheap for instance if you go to a book |
00:02:14 | 00:02:17 | sale and you buy a hundred books you're |
00:02:16 | 00:02:19 | probably gonna be able to get those |
00:02:17 | 00:02:21 | books from around 50 cents to a dollar |
00:02:19 | 00:02:23 | or two dollars depending on if they're a |
00:02:21 | 00:02:25 | paperback or hardback now let's say you |
00:02:23 | 00:02:27 | go to a goodwill and you can find an |
00:02:25 | 00:02:31 | electronic item anywhere from probably |
00:02:27 | 00:02:34 | $8 to $15 I'd say used and with certain |
00:02:31 | 00:02:36 | electronics like if it'd be like a VCR |
00:02:34 | 00:02:37 | player or a DVD player I mean those can |
00:02:36 | 00:02:39 | fetch anywhere from a hundred to three |
00:02:37 | 00:02:41 | hundred plus dollars on Amazon and |
00:02:39 | 00:02:44 | people are always looking to buy them |
00:02:41 | 00:02:46 | even if they're really old models now |
00:02:44 | 00:02:49 | other than the low startup cost it's |
00:02:46 | 00:02:52 | extremely convenient and efficient to |
00:02:49 | 00:02:53 | use the Amazon FBA platform now for |
00:02:52 | 00:02:56 | those you that don't really know what |
00:02:53 | 00:02:58 | FBA stands for its fulfillment by Amazon |
00:02:56 | 00:03:01 | so Amazon is gonna be fulfilling all of |
00:02:58 | 00:03:04 | your sales for you for instance let's |
00:03:01 | 00:03:06 | just say you sourced 20 books a couple |
00:03:04 | 00:03:08 | electronics a couple of different CDs |
00:03:06 | 00:03:10 | and you're ready to send them to Amazon |
00:03:08 | 00:03:12 | for sale so you're gonna create a big |
00:03:10 | 00:03:14 | shipment you're then gonna send that |
00:03:12 | 00:03:16 | ship into the designated warehouse and |
00:03:14 | 00:03:19 | they will store all your products for a |
00:03:16 | 00:03:20 | very very low monthly fee at that Amazon |
00:03:19 | 00:03:23 | warehouse and once your product then |
00:03:20 | 00:03:25 | sells on Amazon the Amazon Fulfillment |
00:03:23 | 00:03:27 | team will then take your product pick |
00:03:25 | 00:03:29 | pack and ship it to day shipping to your |
00:03:27 | 00:03:31 | customer for you so you can literally be |
00:03:29 | 00:03:33 | at your full-time job you could be at |
00:03:31 | 00:03:34 | school which is what I do and whenever I |
00:03:33 | 00:03:35 | get a sale |
00:03:34 | 00:03:38 | I just tried to scroll down and check |
00:03:35 | 00:03:40 | I'm into sale made 5 10 20 bucks and |
00:03:38 | 00:03:42 | Amazon just ship that to my customer for |
00:03:40 | 00:03:44 | me I didn't even have to touch it so |
00:03:42 | 00:03:47 | it's extremely convenient and extremely |
00:03:44 | 00:03:49 | efficient now other than using the |
00:03:47 | 00:03:52 | Amazon FBA platform a low startup cost |
00:03:49 | 00:03:53 | you're gonna have extremely high margins |
00:03:52 | 00:03:55 | when it comes to reselling because |
00:03:53 | 00:03:57 | you're gonna be individually picking out |
00:03:55 | 00:04:01 | certain items that you want so if you |
00:03:57 | 00:04:03 | want a profit of at least $5 $10 $15 per |
00:04:01 | 00:04:06 | unit you can make that adjustment for |
00:04:03 | 00:04:08 | instance like books books are an item |
00:04:06 | 00:04:10 | that are extremely undervalued by |
00:04:08 | 00:04:12 | certain sellers of be a garage sales a |
00:04:10 | 00:04:13 | different book sale it's gonna be able |
00:04:12 | 00:04:17 | to get books for up on average I'd say |
00:04:13 | 00:04:18 | around $1 to $2 by cusp and you're gonna |
00:04:17 | 00:04:20 | be able to sell these books |
00:04:18 | 00:04:22 | easy bread and butter I'd say is around |
00:04:20 | 00:04:24 | 10 to 15 dollars which is gonna probably |
00:04:22 | 00:04:26 | net your on 8 $9 profit |
00:04:24 | 00:04:27 | you're also gonna be able to find those |
00:04:26 | 00:04:30 | really high dollar kind of rare books |
00:04:27 | 00:04:32 | which around that 15 - anywhere I've |
00:04:30 | 00:04:35 | seen all the way over $300 now another |
00:04:32 | 00:04:37 | huge benefit to the reselling business |
00:04:35 | 00:04:39 | motto are gonna be extremely high profit |
00:04:37 | 00:04:41 | margin so depending on what you're |
00:04:39 | 00:04:43 | selling if it be a book or an electronic |
00:04:41 | 00:04:45 | you're gonna be buying them pretty cheap |
00:04:43 | 00:04:48 | like ebooks usually on average eisah to |
00:04:45 | 00:04:50 | get them for around like $1 to $2 |
00:04:48 | 00:04:52 | depending on if it was a paperback or a |
00:04:50 | 00:04:53 | hardback and usually like the bread and |
00:04:52 | 00:04:55 | butter books I would fetch anywhere from |
00:04:53 | 00:04:58 | 10 to 15 dollars per book which would |
00:04:55 | 00:05:00 | net me around eight nine ten dollars |
00:04:58 | 00:05:01 | profit and then sometimes you'd find |
00:05:00 | 00:05:04 | this really high dollar books the books |
00:05:01 | 00:05:06 | that would sell for around $40 it's like |
00:05:04 | 00:05:07 | 200 plus dollars now obviously not every |
00:05:06 | 00:05:10 | books gonna be worth that but every time |
00:05:07 | 00:05:13 | I say I would go to a book sale and I'd |
00:05:10 | 00:05:15 | buy anywhere from a hundred 200 bucks I |
00:05:13 | 00:05:17 | would say about four or five books I was |
00:05:15 | 00:05:19 | gonna try to self around over a hundred |
00:05:17 | 00:05:22 | dollars and even if that book takes like |
00:05:19 | 00:05:24 | a year to sell I mean a small paperback |
00:05:22 | 00:05:26 | it's gonna cost you around like probably |
00:05:24 | 00:05:28 | four cents a month to store it so even |
00:05:26 | 00:05:31 | if it's a larger like hardcover book and |
00:05:28 | 00:05:33 | it cost you six or seven cents six or |
00:05:31 | 00:05:35 | seven cents times twelve months if it's |
00:05:33 | 00:05:36 | if it takes you a full year to sell that |
00:05:35 | 00:05:38 | book and you sell it for like a hundred |
00:05:36 | 00:05:41 | dollars it's gonna be totally worth even |
00:05:38 | 00:05:43 | if you just sit on it for a month or a |
00:05:41 | 00:05:44 | year or two years it's not gonna matter |
00:05:43 | 00:05:46 | especially if you're buying it for a |
00:05:44 | 00:05:49 | dollar two dollars and selling it for |
00:05:46 | 00:05:51 | two hundred now I've seen sellers that |
00:05:49 | 00:05:54 | are making hundreds of thousands to |
00:05:51 | 00:05:56 | millions of dollars per year selling the |
00:05:54 | 00:05:58 | books on Amazon so it can be done and |
00:05:56 | 00:06:00 | it's definitely one of the best items |
00:05:58 | 00:06:02 | like when I used to sell just random |
00:06:00 | 00:06:04 | random I'm zout fine when I used to |
00:06:02 | 00:06:08 | resell on Amazon books were probably 70% |
00:06:04 | 00:06:10 | of my inventory now my high tiket items |
00:06:08 | 00:06:12 | were definitely electronics I mean you |
00:06:10 | 00:06:14 | could go to like a goodwill or like |
00:06:12 | 00:06:17 | different garage sales and just fine |
00:06:14 | 00:06:19 | like those older electronics that people |
00:06:17 | 00:06:20 | thought they no longer had value they |
00:06:19 | 00:06:22 | were just looking to get rid of and you |
00:06:20 | 00:06:24 | could easily get them for probably like |
00:06:22 | 00:06:26 | five to fifteen dollars it's what I |
00:06:24 | 00:06:29 | usually buy them on average and usually |
00:06:26 | 00:06:31 | that sell for anywhere from 50 to 250 |
00:06:29 | 00:06:33 | dollars not I know you might see us like |
00:06:31 | 00:06:35 | extremely crazy but honestly all you |
00:06:33 | 00:06:37 | have to do is just look up the brand |
00:06:35 | 00:06:38 | name of that product in the model number |
00:06:37 | 00:06:40 | and just see how much it's worth |
00:06:38 | 00:06:42 | I'd say when I would go to a goodwill |
00:06:40 | 00:06:43 | and if they were like 10 different |
00:06:42 | 00:06:47 | electronics there at least two or three |
00:06:43 | 00:06:48 | of them were worth at least $75 plus I |
00:06:47 | 00:06:50 | usually depending on what I'm buying it |
00:06:48 | 00:06:52 | for and depending on how big the |
00:06:50 | 00:06:55 | electronic is I like to stik for around |
00:06:52 | 00:06:58 | at least $100 to sell it around but |
00:06:55 | 00:06:59 | usually I do fetch anywhere from 200 to |
00:06:58 | 00:07:01 | 250 dollars and I think the most |
00:06:59 | 00:07:04 | expensive electronic that I sold |
00:07:01 | 00:07:07 | personally was I think like a like a VCR |
00:07:04 | 00:07:08 | for around 300 plus dollars so |
00:07:07 | 00:07:11 | definitely you can make a lot of money |
00:07:08 | 00:07:12 | so those are just a few of the many |
00:07:11 | 00:07:14 | different benefits in the reselling |
00:07:12 | 00:07:15 | business model now let's get into |
00:07:14 | 00:07:18 | exactly where you can find these |
00:07:15 | 00:07:21 | different items to resell back on Amazon |
00:07:18 | 00:07:22 | FBA starting with garage sales now if |
00:07:21 | 00:07:23 | you're looking for different garage |
00:07:22 | 00:07:26 | shows you can go to a garage sale finder |
00:07:23 | 00:07:28 | com just punch in your zip code and |
00:07:26 | 00:07:29 | it'll pull up all the sales that people |
00:07:28 | 00:07:31 | have placed on that website now usually |
00:07:29 | 00:07:33 | it's gonna be a fairly low percentage |
00:07:31 | 00:07:35 | because most people are just gonna be |
00:07:33 | 00:07:37 | too lazy when it comes to actually going |
00:07:35 | 00:07:38 | and putting in the details and pictures |
00:07:37 | 00:07:41 | of the site you can also find them on |
00:07:38 | 00:07:42 | Craigslist as well but majority of the |
00:07:41 | 00:07:44 | garage sales I just find just driving |
00:07:42 | 00:07:46 | around and you'll see signs on the side |
00:07:44 | 00:07:47 | of the road let's say garage sales with |
00:07:46 | 00:07:50 | an arrow and usually they just follow it |
00:07:47 | 00:07:52 | now the thing I really like about garage |
00:07:50 | 00:07:54 | sales is you're gonna have a really |
00:07:52 | 00:07:56 | really low competition when it comes to |
00:07:54 | 00:07:58 | resellers now if you're like if you're |
00:07:56 | 00:08:01 | gonna compare garage sales to like a |
00:07:58 | 00:08:03 | goodwill a goodwill is open majority of |
00:08:01 | 00:08:05 | the day seven days a week which allows |
00:08:03 | 00:08:06 | some resource a bunch of different |
00:08:05 | 00:08:08 | resellers from different areas to come |
00:08:06 | 00:08:10 | in and target those certain Goodwill's |
00:08:08 | 00:08:13 | with garage sales they're probably only |
00:08:10 | 00:08:14 | going to be open maybe Friday morning |
00:08:13 | 00:08:16 | and Saturday morning but maybe just |
00:08:14 | 00:08:18 | Saturday morning and they're only gonna |
00:08:16 | 00:08:21 | be in certain locations and depending on |
00:08:18 | 00:08:23 | the income level of that area some |
00:08:21 | 00:08:24 | resellers might stay away and especially |
00:08:23 | 00:08:27 | if you can get to these garage sales |
00:08:24 | 00:08:29 | early which I highly recommend like 7:30 |
00:08:27 | 00:08:30 | 8 a.m. in the morning you can really |
00:08:29 | 00:08:33 | make sure you beat your competition |
00:08:30 | 00:08:35 | other than that when it comes to garage |
00:08:33 | 00:08:36 | sales people are looking to get rid of |
00:08:35 | 00:08:38 | their stuff they're looking to clear out |
00:08:36 | 00:08:40 | their ad to look in to clear out their |
00:08:38 | 00:08:42 | garage looking to just get rid of the |
00:08:40 | 00:08:43 | stuff and make a couple bucks so that |
00:08:42 | 00:08:46 | gives you the reseller a huge |
00:08:43 | 00:08:48 | opportunity to come in and just get some |
00:08:46 | 00:08:51 | really good deals for instance like |
00:08:48 | 00:08:53 | electronics books video games |
00:08:51 | 00:08:55 | I mean you have the chance of walking |
00:08:53 | 00:08:56 | into like a collector's house their mom |
00:08:55 | 00:08:58 | is just looking to get rid of their sons |
00:08:56 | 00:09:00 | videogames their sons off at college |
00:08:58 | 00:09:02 | he's just gone just like all right what |
00:09:00 | 00:09:04 | name your price and you can always |
00:09:02 | 00:09:06 | bargain at garage sales - like I |
00:09:04 | 00:09:08 | mentioned everything is negotiable if |
00:09:06 | 00:09:09 | they say this is gonna be five dollars |
00:09:08 | 00:09:11 | for this video game just be like alright |
00:09:09 | 00:09:13 | will you take three and they're like no |
00:09:11 | 00:09:15 | I can take four well you just saved a |
00:09:13 | 00:09:17 | dollar or maybe you can find a couple |
00:09:15 | 00:09:20 | items like and like an electronic maybe |
00:09:17 | 00:09:21 | you have a couple books a video game you |
00:09:20 | 00:09:23 | you can negotiate a price and most |
00:09:21 | 00:09:26 | likely they're gonna accept that price |
00:09:23 | 00:09:28 | also at garage sales they're gonna be |
00:09:26 | 00:09:30 | able to find home run items now these |
00:09:28 | 00:09:32 | are the best items Disney maybe the high |
00:09:30 | 00:09:33 | tiket the high margin deals you're |
00:09:32 | 00:09:36 | gonna be the deals refined and |
00:09:33 | 00:09:38 | electronic for ten dollars and instead |
00:09:36 | 00:09:39 | extremely rare one in a sells for 300 |
00:09:38 | 00:09:42 | plus stores or maybe you find a |
00:09:39 | 00:09:44 | collector's edition like video game |
00:09:42 | 00:09:47 | where you find these huge video game or |
00:09:44 | 00:09:50 | old vintage books - and you just buy all |
00:09:47 | 00:09:52 | of them and they all give you $15 profit |
00:09:50 | 00:09:55 | per unit that's where you gonna be able |
00:09:52 | 00:09:56 | to find the homerun items sales are |
00:09:55 | 00:09:58 | gonna be another great place to source |
00:09:56 | 00:10:00 | you can find them on book sell finder |
00:09:58 | 00:10:03 | calm is definitely the best website and |
00:10:00 | 00:10:06 | go in there you can go through by state |
00:10:03 | 00:10:08 | and just see the different times the |
00:10:06 | 00:10:10 | year that these book sales are you can |
00:10:08 | 00:10:12 | click on click in on each book sale and |
00:10:10 | 00:10:14 | see exactly how many books are gonna be |
00:10:12 | 00:10:16 | there what they're charging per book |
00:10:14 | 00:10:18 | what times and the week what times the |
00:10:16 | 00:10:21 | day you can come in and go to these book |
00:10:18 | 00:10:23 | sales now I don't have the pulled up |
00:10:21 | 00:10:24 | right now but usually if there's if it's |
00:10:23 | 00:10:27 | a decent sized book so they're gonna |
00:10:24 | 00:10:29 | have what is known as a preview sale and |
00:10:27 | 00:10:31 | that's kind of where you can get the |
00:10:29 | 00:10:33 | kind of the first dibs the first action |
00:10:31 | 00:10:34 | at going through and actually source in |
00:10:33 | 00:10:36 | those books now usually it's for like a |
00:10:34 | 00:10:38 | two hour or three hour period before |
00:10:36 | 00:10:40 | like the big sale so if it's like a |
00:10:38 | 00:10:43 | Friday night it's gonna be from like |
00:10:40 | 00:10:44 | probably like five to seven and then on |
00:10:43 | 00:10:47 | Saturday it's gonna be from like 9 a.m. |
00:10:44 | 00:10:49 | to 5 p.m. now you definitely want to go |
00:10:47 | 00:10:50 | to those preview sales because that's |
00:10:49 | 00:10:51 | when all the other resellers you're |
00:10:50 | 00:10:55 | gonna go that's when all the good |
00:10:51 | 00:10:56 | product is gonna be taken so that's |
00:10:55 | 00:10:58 | where you're gonna want to go with your |
00:10:56 | 00:11:00 | scanner now when I used to do books I |
00:10:58 | 00:11:01 | had a Bluetooth scanner that I was able |
00:11:00 | 00:11:03 | to clip onto the back of my phone I |
00:11:01 | 00:11:05 | believe it was a it was a socket a CI |
00:11:03 | 00:11:07 | and I would just connect it |
00:11:05 | 00:11:09 | to my phone and I would just go through |
00:11:07 | 00:11:11 | scanning books like every second I'll be |
00:11:09 | 00:11:12 | scanning a book looking at my phone |
00:11:11 | 00:11:14 | check out the database seeing what the |
00:11:12 | 00:11:17 | rank of the book was what the current |
00:11:14 | 00:11:18 | price they were selling for if it wasn't |
00:11:17 | 00:11:20 | what I was looking for I go the next |
00:11:18 | 00:11:23 | book scan it next book you know just go |
00:11:20 | 00:11:24 | through certain sections as well for |
00:11:23 | 00:11:26 | instance like everyone would go straight |
00:11:24 | 00:11:28 | to the business and tiknology books |
00:11:26 | 00:11:30 | they may be to the foreign books but |
00:11:28 | 00:11:31 | everyone would always no one would ever |
00:11:30 | 00:11:34 | look for the children's books I don't |
00:11:31 | 00:11:35 | know why whatever I'd watched it for |
00:11:34 | 00:11:37 | resellers they would always go for those |
00:11:35 | 00:11:40 | big sections like I mentioned earlier |
00:11:37 | 00:11:41 | like sometimes history business but they |
00:11:40 | 00:11:43 | would always leave the children's |
00:11:41 | 00:11:45 | sections out so make sure you take |
00:11:43 | 00:11:47 | advantage of that there's lots of |
00:11:45 | 00:11:49 | high-dollar children's books easily you |
00:11:47 | 00:11:52 | can find twenty twenty-five dollar books |
00:11:49 | 00:11:55 | all day long and you can also purchase |
00:11:52 | 00:11:57 | in bulk now some people some different |
00:11:55 | 00:11:59 | book sales offer different discounts if |
00:11:57 | 00:12:01 | it be like a fill a bag sale where |
00:11:59 | 00:12:03 | they'll hand you a bag and it's like |
00:12:01 | 00:12:05 | five dollars a bag and you can fill up |
00:12:03 | 00:12:07 | that bag with as much product as you can |
00:12:05 | 00:12:09 | for five dollars usually they'll have |
00:12:07 | 00:12:11 | those at the end of the day yeah just |
00:12:09 | 00:12:13 | take advantage of those sales if it to |
00:12:11 | 00:12:15 | be a fill a bag sale maybe on the last |
00:12:13 | 00:12:16 | day it's half off so everything's half |
00:12:15 | 00:12:18 | off so definitely a book sales are a |
00:12:16 | 00:12:20 | great place to start and like I |
00:12:18 | 00:12:22 | mentioned 70% of my inventory when I was |
00:12:20 | 00:12:25 | doing reselling it was books because |
00:12:22 | 00:12:27 | they're so cheap to buy in the return on |
00:12:25 | 00:12:28 | the investment is insane so definitely |
00:12:27 | 00:12:30 | make sure you check out book sales |
00:12:28 | 00:12:32 | another great place to source are gonna |
00:12:30 | 00:12:34 | be thrift stores now what I really like |
00:12:32 | 00:12:36 | about thrift stores is they are |
00:12:34 | 00:12:38 | everywhere they're open 7 days a week |
00:12:36 | 00:12:40 | savers goodwills |
00:12:38 | 00:12:41 | Salvation Army's are some of the more |
00:12:40 | 00:12:43 | popular ones also you know to some of |
00:12:41 | 00:12:44 | those mom-and-pop first stores which are |
00:12:43 | 00:12:46 | probably gonna have a lot less |
00:12:44 | 00:12:48 | competition now in thrift stores it's |
00:12:46 | 00:12:50 | gonna be very consistent pricing you go |
00:12:48 | 00:12:52 | to one Goodwill hardbacks gonna be three |
00:12:50 | 00:12:53 | dollars you go to another goodwill the |
00:12:52 | 00:12:56 | hardback is probably gonna be around the |
00:12:53 | 00:12:58 | same price and also thrift stores run |
00:12:56 | 00:13:01 | discounts no mainly it sound like |
00:12:58 | 00:13:03 | clothing stuff but sometimes they might |
00:13:01 | 00:13:04 | run like a clearance sale on books or |
00:13:03 | 00:13:07 | electronics and stuff and they usually |
00:13:04 | 00:13:09 | color code it so like if it's a yellow |
00:13:07 | 00:13:10 | day every leg showing that has one of |
00:13:09 | 00:13:13 | those yellow color codes on it it's |
00:13:10 | 00:13:15 | gonna be 30% off 40% off whatever |
00:13:13 | 00:13:17 | discount that they're running now at |
00:13:15 | 00:13:18 | thrift stores |
00:13:17 | 00:13:21 | they're gonna be a broad range of |
00:13:18 | 00:13:22 | products if you're comparing like a |
00:13:21 | 00:13:25 | thrift store it's like a garage sale |
00:13:22 | 00:13:28 | you're maybe gonna have to electronics |
00:13:25 | 00:13:30 | maybe five to twenty books at a thrift |
00:13:28 | 00:13:32 | store you're gonna have a thousand to |
00:13:30 | 00:13:34 | 2,000 books you're gonna have fifty |
00:13:32 | 00:13:35 | different lecture onyx to look through |
00:13:34 | 00:13:37 | tons of different video games and toys |
00:13:35 | 00:13:40 | so it just gives you a lot bigger of a |
00:13:37 | 00:13:42 | range of items to look for do a lot more |
00:13:40 | 00:13:44 | scanning and just have a better chance |
00:13:42 | 00:13:46 | of finding a lot more abundance of items |
00:13:44 | 00:13:49 | to be able to resell now another great |
00:13:46 | 00:13:51 | thing about thrift stores is you can |
00:13:49 | 00:13:53 | make returns so when it comes to selling |
00:13:51 | 00:13:55 | electronics the number one thing is just |
00:13:53 | 00:13:57 | electronic doesn't work so make sure |
00:13:55 | 00:13:59 | that if you're thinking about purchasing |
00:13:57 | 00:14:01 | electronic make sure you test it out at |
00:13:59 | 00:14:03 | the goodwill make sure everything's |
00:14:01 | 00:14:05 | working and you even when you purchase |
00:14:03 | 00:14:06 | it out the goodwill or whatever whatever |
00:14:05 | 00:14:08 | thrift store you got make sure you just |
00:14:06 | 00:14:10 | take it home test it and you put a DVD |
00:14:08 | 00:14:11 | in it just make sure that it works |
00:14:10 | 00:14:15 | because you definitely don't want to go |
00:14:11 | 00:14:17 | send it up to Amazon sell it for $250 |
00:14:15 | 00:14:19 | when you bought it for ten dollars and |
00:14:17 | 00:14:21 | you're what you waited six months for it |
00:14:19 | 00:14:23 | to sell then your customer gets in this |
00:14:21 | 00:14:25 | saying it doesn't work amazon refunds |
00:14:23 | 00:14:27 | them and you're out $230 a profit |
00:14:25 | 00:14:28 | because you didn't test it and you're |
00:14:27 | 00:14:30 | also about your time and money that you |
00:14:28 | 00:14:31 | spent on that product so definitely make |
00:14:30 | 00:14:32 | sure you test it on electronics and |
00:14:31 | 00:14:34 | thrift stores are definitely a great |
00:14:32 | 00:14:36 | place to source but one of the last |
00:14:34 | 00:14:39 | places I'll be toking about that you |
00:14:36 | 00:14:41 | can source from our online websites eBay |
00:14:39 | 00:14:44 | and Aliexpress and Alibaba so with |
00:14:41 | 00:14:45 | online websites obviously is gonna be a |
00:14:44 | 00:14:47 | super low buy cost because you can be |
00:14:45 | 00:14:48 | able to go to a few different sites see |
00:14:47 | 00:14:50 | who has the lowest price the best |
00:14:48 | 00:14:53 | bargain or purchase that item now |
00:14:50 | 00:14:56 | depending on if you're buying like just |
00:14:53 | 00:14:58 | a one-off electronic on eBay or maybe if |
00:14:56 | 00:15:00 | you you're purchasing like a water |
00:14:58 | 00:15:03 | bottle cover off Aliexpress you can |
00:15:00 | 00:15:06 | order a larger quantity so on Aliexpress |
00:15:03 | 00:15:08 | you can purchase a quantity of one a |
00:15:06 | 00:15:10 | quantity of five quantity of 10 whatever |
00:15:08 | 00:15:12 | quantity that you want now I didn't have |
00:15:10 | 00:15:15 | it up here but Alibaba is basically |
00:15:12 | 00:15:17 | Aliexpress on steroids it's basically |
00:15:15 | 00:15:19 | the wholesale website so if you find a |
00:15:17 | 00:15:21 | product that's selling for instance I |
00:15:19 | 00:15:24 | always like to give the example of the |
00:15:21 | 00:15:25 | fidgets spinners let's say you want to |
00:15:24 | 00:15:26 | sell a black fidgets spinner but you |
00:15:25 | 00:15:28 | don't want to make a huge investment |
00:15:26 | 00:15:31 | upfront you just want to test it out you |
00:15:28 | 00:15:33 | can go buy that that spinner off a legs |
00:15:31 | 00:15:35 | let's just say for $2 and you want to |
00:15:33 | 00:15:38 | buy 10 units so then you got 10 eNOS I |
00:15:35 | 00:15:40 | said what they sell well and you're like |
00:15:38 | 00:15:41 | alright I want to make a larger order |
00:15:40 | 00:15:44 | and you want a brand also known as |
00:15:41 | 00:15:45 | private labeling which is what I do is |
00:15:44 | 00:15:47 | what I've created a course over it's |
00:15:45 | 00:15:50 | what makes me upwards of twenty five |
00:15:47 | 00:15:52 | thousand dollars per month in sales it's |
00:15:50 | 00:15:54 | going in finding a generic product that |
00:15:52 | 00:15:56 | is having success so if this fits better |
00:15:54 | 00:15:58 | this black fidgets spinner is having |
00:15:56 | 00:16:00 | success selling on Amazon I can go and I |
00:15:58 | 00:16:03 | can place an awards or in order of like |
00:16:00 | 00:16:04 | I don't know a thousand spinners I can |
00:16:03 | 00:16:06 | brand that generic spending with my |
00:16:04 | 00:16:09 | company brand my company logo and then |
00:16:06 | 00:16:11 | sell that product back on Amazon for |
00:16:09 | 00:16:13 | premium also known as private label now |
00:16:11 | 00:16:16 | another great thing about when you're |
00:16:13 | 00:16:18 | sourcing online is you can have it |
00:16:16 | 00:16:19 | shipped directly to your house which |
00:16:18 | 00:16:20 | means you don't have to drive to the |
00:16:19 | 00:16:22 | nearest garage so you don't have to |
00:16:20 | 00:16:23 | drive to the nearest goodwill the |
00:16:22 | 00:16:25 | nearest book so you can have it shipped |
00:16:23 | 00:16:27 | directly to your doorstep |
00:16:25 | 00:16:30 | and also you're gonna have ace just a |
00:16:27 | 00:16:32 | way larger selection of products I mean |
00:16:30 | 00:16:34 | you walk into a garage so you walk into |
00:16:32 | 00:16:35 | a good where you maybe gonna have a |
00:16:34 | 00:16:38 | thousand but what's maybe a fifty |
00:16:35 | 00:16:40 | electronics you search on eBay for |
00:16:38 | 00:16:42 | electronics there's gonna be thousands |
00:16:40 | 00:16:44 | hundreds of thousands of millions of |
00:16:42 | 00:16:45 | electronics that you can look through to |
00:16:44 | 00:16:49 | see if you can make any money flipping |
00:16:45 | 00:16:51 | it from eBay to Amazon Aliexpress has |
00:16:49 | 00:16:53 | millions of different products as well |
00:16:51 | 00:16:54 | for extremely low prices so definitely |
00:16:53 | 00:16:56 | make sure you check out all my websites |
00:16:54 | 00:16:58 | as well I would have given you a quick |
00:16:56 | 00:17:01 | little rundown of what exactly reselling |
00:16:58 | 00:17:02 | is where you can source certain products |
00:17:01 | 00:17:05 | what you should be looking for in a |
00:17:02 | 00:17:07 | couple of the benefits of reselling on |
00:17:05 | 00:17:10 | Amazon FBA I'm gonna give you a final |
00:17:07 | 00:17:12 | breakdown of reselling on Amazon you can |
00:17:10 | 00:17:14 | even screenshot this as well and just |
00:17:12 | 00:17:17 | keep it with you if you're thinking |
00:17:14 | 00:17:19 | about reselling on Amazon FBA now first |
00:17:17 | 00:17:21 | off it's gonna start with sourcing if |
00:17:19 | 00:17:23 | you be if it be going to garage sales |
00:17:21 | 00:17:26 | thrift stores book sales you're gonna |
00:17:23 | 00:17:27 | have to purchase inventory to resell now |
00:17:26 | 00:17:29 | there's a few different ways you can |
00:17:27 | 00:17:31 | actually determine if you want to |
00:17:29 | 00:17:34 | purchase these products or now now it's |
00:17:31 | 00:17:36 | extremely easy for like books and CDs |
00:17:34 | 00:17:37 | and video games because on the back of |
00:17:36 | 00:17:39 | the product there's going to be a |
00:17:37 | 00:17:41 | barcode and all you have to do is even |
00:17:39 | 00:17:43 | with your Amazon seller app which is |
00:17:41 | 00:17:44 | free or you can use certain apps like |
00:17:43 | 00:17:45 | FBA |
00:17:44 | 00:17:47 | game what you have to pay for being |
00:17:45 | 00:17:49 | basically scan that barcode and whatever |
00:17:47 | 00:17:51 | app you're using it's gonna pull down |
00:17:49 | 00:17:53 | the whole database for that product and |
00:17:51 | 00:17:55 | most important things for that product |
00:17:53 | 00:17:57 | are obviously going to be the price in |
00:17:55 | 00:17:58 | this sales ring so before you even look |
00:17:57 | 00:18:00 | at the price need to be looking at the |
00:17:58 | 00:18:02 | sales rank of that product the sales |
00:18:00 | 00:18:05 | rank is going to help you determine how |
00:18:02 | 00:18:07 | well and how often that product is |
00:18:05 | 00:18:09 | selling so obviously the lower sales |
00:18:07 | 00:18:12 | rank that product has the more often |
00:18:09 | 00:18:14 | selling now sales ranks are just |
00:18:12 | 00:18:16 | extremely wild when it comes to if you |
00:18:14 | 00:18:18 | were to compare books to electronics for |
00:18:16 | 00:18:21 | instance if I'm looking at electronics I |
00:18:18 | 00:18:22 | would like to stay under a 100 thousand |
00:18:21 | 00:18:25 | sales ring because that's being a |
00:18:22 | 00:18:27 | selling maybe every month once every two |
00:18:25 | 00:18:29 | months now for books I like to stay |
00:18:27 | 00:18:31 | under a 1 million sales way because |
00:18:29 | 00:18:32 | there's a lot more books out there and |
00:18:31 | 00:18:35 | they're gonna be selling a lot more |
00:18:32 | 00:18:37 | frequently compared to electronics when |
00:18:35 | 00:18:39 | it comes down to it you just need to be |
00:18:37 | 00:18:40 | able to analyze if this product is gonna |
00:18:39 | 00:18:43 | be profitable if you're gonna be buying |
00:18:40 | 00:18:45 | it for $2 and sawing it for 15 what's |
00:18:43 | 00:18:46 | the sales ring how long is gonna take |
00:18:45 | 00:18:48 | you to sell that product it is it worth |
00:18:46 | 00:18:50 | your time well now that you've sourced |
00:18:48 | 00:18:54 | all your products and you build up an |
00:18:50 | 00:18:55 | inventory based on around 25 50 75 items |
00:18:54 | 00:18:57 | it's gonna be time to create your |
00:18:55 | 00:18:59 | shipment and ship it to the Amazon |
00:18:57 | 00:19:01 | warehouse now it's gonna it's not it's |
00:18:59 | 00:19:02 | pretty simple it's not as complicated as |
00:19:01 | 00:19:05 | most people think you're just gonna go |
00:19:02 | 00:19:07 | to Amazon Amazon seller central you're |
00:19:05 | 00:19:08 | gonna click on create a shipping plan |
00:19:07 | 00:19:10 | and you're basically going to be |
00:19:08 | 00:19:11 | entering all the different products and |
00:19:10 | 00:19:13 | prices so you're gonna go and you're |
00:19:11 | 00:19:15 | gonna add this ace in you just type in |
00:19:13 | 00:19:17 | the Aysen or the name of that product |
00:19:15 | 00:19:19 | you're gonna put in the price that you |
00:19:17 | 00:19:21 | want for that product the conditions for |
00:19:19 | 00:19:23 | instance if you're selling a book and |
00:19:21 | 00:19:26 | it's in use condition you can pick |
00:19:23 | 00:19:28 | anywhere from acceptable acceptable good |
00:19:26 | 00:19:30 | very good like new and new any one of |
00:19:28 | 00:19:32 | those five conditions for your book put |
00:19:30 | 00:19:35 | your price in and to move on to the next |
00:19:32 | 00:19:37 | product and once you have all your |
00:19:35 | 00:19:39 | products put in to your shipment plan |
00:19:37 | 00:19:41 | you can then actually ship it to Amazon |
00:19:39 | 00:19:43 | they'll give you the warehouse and |
00:19:41 | 00:19:45 | everything and you just put in the |
00:19:43 | 00:19:47 | dimensions of the box the weight of the |
00:19:45 | 00:19:49 | box and you can just drop it off at your |
00:19:47 | 00:19:51 | local carrier if the P UPS FEDEX |
00:19:49 | 00:19:52 | whichever one that you select and you're |
00:19:51 | 00:19:55 | good to go you don't have to touch that |
00:19:52 | 00:19:57 | again it's gonna arrive at the Amazon |
00:19:55 | 00:19:57 | warehouse probably within a week Amazon |
00:19:57 | 00:20:01 | is going to take |
00:19:57 | 00:20:03 | 24 48 hours to take your inventory from |
00:20:01 | 00:20:06 | that box scan it in before it's actually |
00:20:03 | 00:20:08 | live and for sale on amazon.com now it |
00:20:06 | 00:20:11 | comes down to the third step I mean the |
00:20:08 | 00:20:11 | title of this video how to make $10,000 |
00:20:11 | 00:20:14 | per month |
00:20:11 | 00:20:18 | fast in 2018 the only way you're gonna |
00:20:14 | 00:20:20 | reach $10,000 per month is to scale if |
00:20:18 | 00:20:21 | you're buying books for $1 and you're |
00:20:20 | 00:20:23 | selling them for $25 when you're making |
00:20:21 | 00:20:24 | around $20 profit |
00:20:23 | 00:20:26 | how many more books are gonna need the |
00:20:24 | 00:20:29 | source to reach $10,000 per month how |
00:20:26 | 00:20:30 | many electronics if you're making $50 |
00:20:29 | 00:20:32 | profit how many more electronics are |
00:20:30 | 00:20:34 | getting to be able to purchase per month |
00:20:32 | 00:20:35 | to make $10,000 per month you need to |
00:20:34 | 00:20:37 | keep running those numbers through your |
00:20:35 | 00:20:39 | head and just keep repeating the process |
00:20:37 | 00:20:41 | keep going and source and keep creating |
00:20:39 | 00:20:43 | bigger and bigger shipments keep adding |
00:20:41 | 00:20:45 | more products to your inventory and just |
00:20:43 | 00:20:47 | keep sourcing and adding new items to |
00:20:45 | 00:20:48 | your stok that's the only way you're |
00:20:47 | 00:20:50 | gonna scale it's the only way you're |
00:20:48 | 00:20:53 | gonna go from $1,000 per month |
00:20:50 | 00:20:55 | it's a 5,000 to 10,000 to 20,000 dollars |
00:20:53 | 00:20:57 | per month it's to just keep sourcing |
00:20:55 | 00:21:00 | keep finding profitable items and keep |
00:20:57 | 00:21:02 | sending them to Amazon that's it for |
00:21:00 | 00:21:04 | this video on the best way to make ten |
00:21:02 | 00:21:06 | thousand dollars per month fast in 2018 |
00:21:04 | 00:21:09 | if you guys enjoyed this video please |
00:21:06 | 00:21:11 | feel free to comment loath any questions |
00:21:09 | 00:21:13 | and/or video ideas you'd like to see in |
00:21:11 | 00:21:14 | the future also don't forget to Like and |
00:21:13 | 00:21:16 | subscribe as I'm always giving away |
00:21:14 | 00:21:18 | different tips and tricks on how to make |
00:21:16 | 00:21:22 | money online and I know I'll see you |
00:21:18 | 00:21:22 | guys next video |
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