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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

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