You're such an inspiration! I'm a homeschooling mum of three young kids and a part time degree student. Just starting my FBA business and loving your videos. I'm a huge fan of my daily routine too! Thanks for all your help.
You are SO helpful. Thank you for taking your time to share such helpful info with all of us, especially with all those kids you have!! I can't even remember how many kids...lots...lol. You do an amazing job. New subbie :)
You are just an absolute sweetheart! Love hearing the way you talk to your dad and how you try to get him involved in your projects, that is just so sweet of you. I am sure he loves you more than you can imagine :) God bless you and I am definitely your newest subscriber!!
So excited!! Just picked up 30 products for $1.56 ea selling for $15 a pop on Amazon FBA with a rank above 2500. This will be my first shipment ever and you helped me get started!! =]
Just found your channel for doing research on helping me start my online business.I just lost my job and I'm over the that 50 year old mark where most employers don't want you.thanks for making a straight forward videos and tips that most people understand.
Thanks for the great comment Darren. If you haven't joined the Amazon 360 group (its free) yet, I think that will help you. Sorry to hear about your job. My mother went through a job loss in her 60's many years ago, unable to get hired again she went into early retirement. It was a struggle that has seared the importance of self employment (one of many reasons) in my brain. Let me know if I can help you.
Well I am very impressed how you get it together with your home schooling, selling and these you tube videos, well done and thank you, I am just starting out this is a great help.
Great vid.....I just started two months ago as a complete newbie on ebay and have done ok i guess for someone who honestly knew zero about reselling...so far at about a grand per month in profit so far. Im so new and out of touch that I had to re learn how to even use my desktop. I set up a nice office in spare bedroom and off i went. I have been watching so so many utube vids and reading for hours every night on the subject. Im so pumped that i stumbled on your vids. Just AWESOME....i have to say thank you so much for the information....im losing my day job as a self employed project manager ...my big clients are retiring and moving out of state. Im determined to make this my new job. Seriously...i cant thank you enough for offering this awesome information. Your methodical and very encouraging ....if you can do so well at this with all your other duties......well....its made me feel that i can to as i do not have prob near the responsibilities you have as a mom and home school teacher. Just letting you know that you have helped someone in a very profound way.....THANK YOU. If i may ask you a question?.....I am totally unfamiiar with Amazon....but im now gonna try to figure it out ........FBA sounds awesome. Is there an APP for scanning for Ebay?....Do you have preferences on what should go on Ebay versus Amazon FBA?.....If so...what might you suggest?......Do you mind if i ask you for advice from time to time?....I understand that not everyone likes to give away their secrets etc.....but one never knows unless they ask .....Again....THANK YOU so very much for helping others through your vids and insight.....learning what i have so far from them has given me hope and a little less fear of the future for myself and family....my wife is an executive within her company and does very well but losing my income is going to be very scary for me .....people such as yourself gives others that lil extra boost of confidence they may need to get them through....many many thanks for being you!!!
yohonamon It sounds like you are doing really well. A $1000 a month profit at the beginning is a very good start!!! There is such a learning curve when you are starting. I still continuously have to push through the curve of new printers, expanding my business, website development, etc. I would love to tell you that it will end, but it's more like you get better at pushing through and being proud of your progress at the end. The best thing for you to do now that you are losing your day job (congratulations by the way, and I really do think a congrats is in order because your lifestyle can be anything you want now) is to get the ebay, amazon, and profit bandit apps on your smartphone. The ebay app is the only one I know for ebay (I could be wrong) and the other two are for Amazon. Then get your ebay, paypal and Amazon accounts running smoothly. Print out and read all guidelines on Amazon Then get that first box out to amazon (its the hardest step, force yourself to do it in two days time). After that, the sky really is the limit!! You will get out of it what you put in it. It will have to gradually build, but if you treat it like a business you can almost set your monthly income. I put in more and more hours in order to make more and more money, but to me, it doesn't seem like work. I watch youtube and netflix while listing. I garage sale, thrift store, and shop for a living!!! I can push pause and live my life and talk to my kid ANY time I want. You will do great! My website is forming so keep checking back on www.entrepreneurgirl.net because I hope to have step-by-steps up there soon :) You can ask me a question any time you want... I don't keep secrets. I have a heart for people living the best life they can and I honestly believe ebay / Amazon can play a big part in that. Thanks for all the awesome words to me. It gives me encouragement that I am actually helping people.
Trust me...you are helping people....its scary....i had a really good job....but this is also a dream for me to do this....i really do appreciate all your vids and help.....not many people like you out there these days. Ive learned alot and been super encouraged to make it happen and your vids have played a huge part in that....im slow...very...lol...but i know at some point this will click faster for me. Retail arbitrage is harder than i thot....or maybe im so new at it....its just hard to me....my wife said ill get better at finding stuff and it will smooth out....crossing my fingers........thanks again and many many thanks again for the vids.....it really does help....they are super encouraging.... Scott
You will get sooooo much better with time. It's laughable how different my business is now versus what it was a year ago. If you are educating yourself and treating it like a business, you will be just fine. Sounds like you are doing both :) When it's important to you and your family- you will make it successful!
beautiful kids. I have 4 kids don't know how you fit it all in. I would of been in the back seat taking a nap with your helper. Great info. can't wait for your other videos :)
Haha. I've taken my share of nap breaks while shopping... kids get use to ebaying. My 2 year old just told me "my shorts are cool, mommy got ebay". lol
Your welcome, I love your videos. I'm a newbie, trying o learn everything I can. Again , Thank you for the video's, there really encouraging and educational.
Okay, Tracy. So, I went out with my 2 & 5-year-old yesterday as well, equipped with lolly pop bribes (did-NOT-work, lol). I found some items that were going for $7-8 FBA in Kid's collectible stationery on Amazon for a dollar. I thought that was a great way to test the water. So, far my item is the lowest, but not advertised on the product detail page because it is not free shipping. It's been a few days, but no grabbers yet :/..and with only a potential $2 profit for each after Amazon fees not incl. FBA'S. I am almost thinking going bulk, because after all that- first-time-list hassle, I rather have more qty I am thinking....So discouraged so far. I know I have a great eye for deals, but ooo-weee that was a lot of work for items that are not moving. Perhaps all those clearance items are on clearance for a reason. They don't move.
+Jessica A Getting started is the hardest part! Here's the 3 things that makes it a little easier when you keep them in mind when shopping 1) ranking is under 100k 2) Item will give you a $10 profit after fees 3) listed 3x purchase price 4) not a ton of other people selling item. It's always easier to buy in bulk and sell than shop for individual items. Consider online arbitrage, liquidations, and private label. And shopping online (without the kids) suuuuuuure is easier :)
Thanks for the video suggestion. I have added it to my list. I use GoDaddy Bookeeping right now and have been fairly happy with it. Every time I source for inventory, I make a quick note of the value (ex: garage sale, date, $230 or Walmart, date, $47) and put it in GoDaddy, and keep all the receipts. Taxes are given to an accountant that my husband and I share (he has his own business, too).
Very cool video and very helpful! I have a couple questions...my Husband and I are starting to run our own business and use FBA/Ebay..we do not have a huge amount of money to put into this...maybe $500 bucks or so. Are there items that sell better than others? For instance...finding things at goodwill/thrift stores/on clearance and such? I am just trying to find out what we should buy so we do not waste any money! Thanks!
Casey Corrier When I first started I was in the exact same boat. I started with garage sales because the profit margin is the greatest (you can buy items for $1 and resell them for $20). Grab any new in the box items you can for Amazon and anything interesting that looks like a good seller for ebay. Then I added new-in-the-box items from thrift stores like Goodwill for Amazon. I started with ebay and sold really anything that would give me a profit. Examples of good items are electronics, games, puzzles, vintage, and clothes for ebay. Then I added Amazon FBA with only books (stick to non fiction only as fiction doesn't pay) and have since added new in the box puzzles, games, anything still wrapped. ALWAYS scan using profit bandit (or another app like it) or you will make mistakes. Good luck!!!
Hi , great videos , quiestion to do this retail arbitrage do I have to have a DBA ( doing business as ) or not? , Also what about taxes ?Thanks for any answer
Great video! We have similar strategies... My strategy though is to NOT buy anything that I don't make MINIMUM of 3x my money on AFTER fee calculations and shipping guess-timations. So if I buy something for $5, it has to make $15 profit minimum after fees and shipping :)
@MichaelBaker- The page wouldn't let me respond directly to your question, so I'm hoping you will see it posted here... In Florida, garage sales are everywhere and year round, probably much like Southern California. Different sellers target different item categories while shopping garage sales, because they are familiar with certain products, have had good experience with different type things, etc. When I go to a sale, the first thing I look for are new-in-the-box items (Amazon FBA). Secondly, electronics (high dollar on ebay). Thirdly, anything interesting, different, or unique (here you stumble on items from Africa or the like). I also look for vintage goods (high dollar on ebay). Some people will only shop clothes, because that's what they like... and I avoid clothes because I don't enjoy listing them. Affluent neighborhoods can be good if they don't price everything too high. I have a loop that I drive in my city that allows me to drive all main roads and look for signs. I normally hit thrift stores that I pass along the way :)
A how to set up Amazon fba - step by step would be great, I have an account but don't know how to proceed. Also maybe do one product from start to finish would be great so we could see the whole process. Thanks for the help in advance
EntrepreneurGirl I did see it thanks, I lived in Florida for two years other than the humidity it was great. I am a western mountains guy so I stay in little ole Utah
Love your vids! I understand that we should be looking for 3x. But what about sales rank and/or determining how fast a product will sell? We don't want product sitting on the shelves. How do you determine if you find something at 3x and that will sell in a reasonable time?
Marc Possoff The sales ranking gives you a clue as to how fast something will sale. Also, consumables also have a tendency to sell quickly sometimes. The best scenerio is to scan until you find an item that's 3x and a low sales ranking (under say, 50,000). Although sales rank, good vs bad, can vary depending on the item. If you have limited inventory funds, try for low price to buy, 3x your money, and low sales rank. Another tip: if there isn;t much competition currently selling the item. For example, there have been times that I was the only FBA seller on a item. When this happens, most times it will sell fairly fast.
I wish you could do a video about how to prep all your inventory. I went out and scanned a few things but Amazon fees and labels (done by Amazon) are killing my profits. Any ideas will be appreciated. Hopefully, I will do this full time.
Thank you for another amazing video! So when you say triple your money do you mean lets say the item is $15 in the store I would list on ebay for at least $45? I always give free shipping on ebay so I would have that cost plus ebay fees any advise and help is very much appreciated thanks again for all you do for the reselling community have a great weekend. Paul
Paul Rhodes Yes, the 3x money is a "general rule" I have in my head when I shop. I have learned from doing this long enough now, that if I go below that line, I'm just not happy with my profit margin and if I make a big error, I can even be negative! However, scanning each item is the true test of whether you should purchase an item or not. I, too, do fast and free on ebay. In the 3x, I have calculated average shipping as well as amazon/ebay fees, but if you have large or heavy items (most of my items are light or media mail) then you would want to charge more. Another thought is that many times I make upwards of 10x my money (garage sale cowgirl boots bought for $5 and sold for $50) happens all the time... so I figure it all works out in the end... just don't go below that 3x (or as you put it, buy for $15 and list for $45). Hope that helps, Paul.
Im kind of confused as to when you get stuff from AliExpress is it shipped to Amazon because surely tht would be double shipping???? shippung to me to put barcodes on and then me to send and list and send to Amazon more money shipping??????? What are your thoughts on D H Gate
Nice haul! I just got started on Amazon myself and am always looking for good tips to help me grow my business. I might suggest that you turn your phone sideways so you don't have the skinny looking videos. Thanks!
Have you made any videos for retail arbitrage where you visit local retail stores? Meaning retail stores that are mainly specific to your town or area.
if you're interested in Amazon Retail Arbitrage. I'd love to give you a Free link to my course. I guarantee if you follow the steps I lay out you'll make money.
Reason I ask the question about how to determine if a ordered product will sell is cash flow. I notice you buy stuff if you can triple your money at least. I understand that but I don't want stuff sitting on the shelf because I'm not in financial position to have things sit. I do have $500 to invest in inventory.
Marc Possoff Yes, you are so right. When I first started especially, I needed items that would turn fast and/or didn't cost me very much to purchase (garage sale). As you make more money, you can afford to take more risk. Having said all that, I always look at sales ranking. The lower number the better and I tend to avoid anything over 100,000. If I find something with a number under 10,000, I buy several normally.
Just found you. I've been thrifting and selling on ebay for about two years. I just started Amazon, but not FBA. I ship myself. Man its time consuming. Do ou have a video on the FBA process? Thanks For the info.
Hi! Thanks for the comment. I LOVE LOVE LOVE Amazon FBA because it is so easy and not time consuming at all. I still use ebay for vintage, or worn items, or for categories that aren't allowed on Amazon (beauty goods, etc). But now that I've gotten use to the processes of Amazon FBA... it's sooooo hard to go back to eBay. FBA packs, ships, and handles all customer service/returns. Which means I have more time to shop for better inventory and work on the forward momentum of my company. Having said that, I still believe in using both forums, because it makes better business sense to not have all your eggs in one basket. I do have a video on the FBA process (it's an hour long). I will work on getting a more concise version out for you soon :)
EntrepreneurGirl You are truly impressive sister!!! Love the vids!!! I realized a while back that the Proverbs 31 woman in the Bible was a home Business Entrepreneur!!! :)
Yes, ranking are very helpful in making an educated guess as to how fast an item will sell and if it's a good seller or bad seller "in general". I will try to do a video about that topic and give loose guidelines as to what numbers to look for in which category. Very good point!!
happiehousewife Ebay sales away from home are tricky and my biggest complaint. Ultimately, I want work that I can do from ANYWHERE and ebay doesn't quite fit into that. Ebay now has a service similar to Amazon, where you can send items in, but I haven't gone that route yet. When I go out of town, I hire someone (normally a family member) to mail items for me. There is always the option of putting your account on "vacation mode" while gone, but like you said, buyers aren't always so happy about that. I will probably continue to ebay, in hopes of adding employees within the year that can handle it. If I find that I just can't fit ebay into the lifestyle I want, then I will work harder in other areas (website income, amazon, ebooks, etc) so I can eventually eliminate it completely. For now, I just do the best I can while away :)
Wouldn't the chocolate melt while being shipped around this time of the year? This video is very helpful and very motivating. Cute little helpers by the way :D
You are right on target with one of my concerns. I had never shipped chocolate and didn't dare travel with it to Florida... so I mailed one box to Amazon while in Indiana and gave one to my mom as a gift. I wasn't sure how it was going to go with the chocolate, so I figured one box would be a smart first try. Ended up working out fine since it was still quite cool up there. Yay! Thanks for the comment. So glad the videos can be of help :)
Sorry if I missed this in the video. But are you including in your profits how much it will cost you to ship to Amazon? Or are you shipping these items yourself?
if you're interested in Amazon Retail Arbitrage. I'd love to give you a Free link to my course. I guarantee if you follow the steps I lay out you'll make money. It deals with cost of products and where to find them online. It also talks about shipping and FBA costs, as well as everything else you need to know.
It would really depend on the item. Sometimes I can look other places to find ranking... like camelcamelcamel. Comments about products can be found generally with a Google search. I'm kind of a risk taker, so I would probably try an item if it was a super good deal, knowing I could sale it on ebay, etsy or craigslist, if I couldn't on Amazon.
if you're interested in Amazon Retail Arbitrage. I'd love to give you a Free link to my course. I guarantee if you follow the steps I lay out you'll make money.
Does someone ever get a product you have sold FBA and the original price is on the package and it is very low and they paid much more - do they complain? For example, I found a sticker book - where a kid creates 4 books with stickers and it is new in package. It shows obviously that is costs $2.00. There is only one seller on Amazon and it is being sold new in package for 19.98. I assume I list at the same price. Will the customer react when they see the $2.00 on the store package?
+Muzette Casas I know this is past due, but I have seen customers give poor feedback ratings for seeing the clearance items ((stickered and forgotten to be taken off)) being sent to them when they had paid full price. I am sure it is insulting for them, as I would be a little annoyed if this happened to me .
EntrepreneurGirl That makes sense. Thanks for the prompt reply. If there are stickers showing a higher price than what your customer is paying, do you leave them on? After watching your video and some others, I made my first attempt at retail arbitrage by buying 140 Angry Birds iPhone cases for .50 cents each today. Some of them still have the sticker on them from Best Buy that say $11.99. Since I'm only charging $6 each for them I thought it would be a good idea to leave the stickers on, but I'm hoping to find out what peoples' experience has been with this before experimenting on my own.
CavvyStudios On FBA, I take off all stickers since I believe they are supposed to be removed and it appears more professional.... and I really don't want to do ANYTHING to offend Amazon or an Amazon customer (it's so important to my livelihood). But on ebay, a higher ticket value might make them happy, and I would probably keep it on there. The clean appearance isn't as important on that forum; and ebay customers LOVE a good deal :)
+EntrepreneurGirl I was wondering the same thing...Granted I haven't checked out your other videos yet...just came across this one, but if you haven't I would love to know how it worked for you since, well, it seems to be a times saver.
Ricardo Figueroa I use the handheld Scanfob Serialio.com I do use it with my cellphone, but I believe you can use it with a PDA. Is there a reason you don't want to use your cellphone?
Sometimes the signal is bad in some stores and then I have to leave because of that. That is why I was looking for a good scanner. My plan is to go to the store and scan as fast as I can and get it done. I just don't know how the information from the scanner goes to the cellphone.
oh, yes. I know what you mean there. In that case a PDA is your best bet. You will need to make sure the database is current (recently downloaded) before you scan. Here's an example of one: www.neatoscan.com/ProductCategory.aspx?productCategoryID=6
Using a scanning app like Profit Bandit or the free amazon seller app, you can use the scanner (which uses the camera feature on your phone) ormanually enter in the title of a product and the app will provide information to you that helps you decide if it is a good purchase or not.
Lisa Miller Not always. It's very time consuming to shop. So for example, this week I spent four hours at an auction on Monday, and then four hours the next day listing the items I purchased. Getting inventory is normally done wherever I happen to be (errands) or weekends fri-sun when I'm at garage sales and passing by stores. When you shop, make it count. When you list, list hard.
Hi Scott! What I meant was the ranking number. If you are using the Amazon Seller App on your smartphone (or most other selling apps) it will give you a ranking number. This number indicates if an item will sell fast or slow (lower number is better). I like to stay under 100,000 as a general rule, but it really depends on the item and the category.
Do you have multiple days where you say to yourself, this is too much daily stuff going on, and you don't want to go looking for these deals various different stores. It seems like you have so much happening daily it would burn you out at some point. Appreciate your thoughts, motivation etc...
+Giggidygiggidy12 oh yes!!!! Some days I am in a "listing" mood (read that, pop in movies and sit and enter them in the computer while I watch) and some days I just want to garage sale and have fun (so my garage fills up like a hoarder). lol. There are even days, I go to the beach and say the heck with it. I realize now that my energy levels with this business (and I'm guessing all work related tasks) ebb and flow. I get tons done when I feel strong (think energizer bunny) and then when I feel blah I just take a much needed break and don't beat myself up for it because I know it all works out in the end. This past year, my dad was in hospice and passed away. I didn't make any of my year end big goals. Yet, that is ok, because I made my biggest goal = people first. always. I find that when I hug on myself and my company and know that tomorrow is always another day, and to walk away from it when it just isn't flowing, that burnout might edge close, but never consumes me. Hope this helps.
Great stuff! I am going to have my wife view this several times and take notes. One suggestion, next time film with your phone in the wide view so the picture will be wide. In the narrow your arms are cut off and the things you are talking about are sometimes not in view. THX for the great information!
No Thank You! Tom here Naomi's other half. I have been working out of the country in Afghanistan for 5 years now to support our family. I discovered FBA a few months ago and Naomi has been working it from home to get me home so to speak. You story has been a real motivator to Naomi and I showing us that we can do this and I can come home soon to work it with her. Again thank you.
Naomi Parsons I just came across this type of selling today and watched this video , its been two months since you made a comment. How is your shopping and retailing at fba doing? My Family are all veterans and my dad is 93 and fought in the Pacific God bless.
We did ok during Christmas but we are having a hard time sourcing inventory right now. We are concentrating on getting un gated as they say in as many categories on Amazon as we can then moving forward in the new year.
You're a super woman. Wow. How do you do it? I don't have children, I work with kids though full time and have recently started this and it's hard....... lol You're incredible.
+Life4Sale Yeah, some days.... lol. But overall, what a blessing to have a house full of noise and a job I love... I do it easily, because I love it all so. Thanks for your sweet words :)
Can I ask you something? I came across your reviews of Chris Greens Online Arbitrage. Did you feel it was worth the money and made a difference to your knowledge gained? It seems everyone likes to take courses, like there are loads. I have even taken two which have helped as I knew nothing about this world. The courses were priced very very fairly (under $50) and worth their weight in gold as they gave informative info on different aspects like bundling etc. I just wondered what you felt about some of the courses doing the rounds and if you felt they were at all necessary?
+Life4Sale I learned without anything. You can too. Some people like the added support, and this does offer that. Actually, I would go as far as to say it is the best book on the market regarding this (currently). It's such an individualized decision. Personally, I am currently taking courses to learn Private Label even though I have self taught up to this point. Because it is a concept that I would like to move fast in and the knowledge will gain me more in a month than I paid.
If my item doesn't sell with Amazon FBA, they will give me the option to pay extra fees to store in the warehouse, or to pay to have it sent back to me, or to have them destroy the product. So far, I've only had to have a dozen of one item sent back. I opted to pay to have sent back, because I could still sell on ebay for a profit even after shipping expenses. If my item doesn't sell on ebay, and I do not want to keep relisting it because it is no longer profitable, I simply stop the listing and put the item in my "reject box". This box is one I keep in my garage for items that I can't sell. For example, I recently went to a book sale and acquired over 1000 books for a rock bottom price; knowing full well, that some of those books will be penny romance novels that I can't sell for a profit. They will go into the reject box, I will then take the box to the local Kiwanis, and I will ask for a donation receipt. Sometimes they even give me a blank receipt (meaning I fill in the $$ amount). This receipt is very useful at tax time, because I can write off my "loss".... which in essence, means the reject items actually made me money in the end :)
if you're interested in Amazon Retail Arbitrage or Amazon Private Labeling, I'd love to give you a Free link to my course. I guarantee if you follow the steps I lay out you'll make money.
I want to know how on earth you can go shopping with your kids, and still hold to the triple your money. WITHOUT spending gazillions on your own kids?! Ha! Bob (grayelephantclub)
Let's see... bribery, "the look", ziplock of gummy bears... well, and I say we can get one ($1 store) bag of candy to share if EVERYONE lets mommy shop.... it's my sanity that we should be talking about... haha
You're such an inspiration! I'm a homeschooling mum of three young kids and a part time degree student. Just starting my FBA business and loving your videos. I'm a huge fan of my daily routine too! Thanks for all your help.
You are SO helpful. Thank you for taking your time to share such helpful info with all of us, especially with all those kids you have!! I can't even remember how many kids...lots...lol. You do an amazing job. New subbie :)
Tangerine841 Thanks so much for the comment! I know how hard it is start and want to help in any way I can. Best of luck to you!!
You are just an absolute sweetheart! Love hearing the way you talk to your dad and how you try to get him involved in your projects, that is just so sweet of you. I am sure he loves you more than you can imagine :) God bless you and I am definitely your newest subscriber!!
I appreciate our message (read it twice)... lost my dad in 2016 and it's been tough. He was my best friend on earth, and now my angel in Heaven :)
So excited!! Just picked up 30 products for $1.56 ea selling for $15 a pop on Amazon FBA with a rank above 2500. This will be my first shipment ever and you helped me get started!! =]
Soooooo happy to hear it, Djonah! Please keep me posted on how it's going :)
+Djonah Stag How'd you do in the end? :D
So helpful to note. Thx for your sincerity
Do you still do Amazon.. did it work out for you??
Just found your channel for doing research on helping me start my online business.I just lost my job and I'm over the that 50 year old mark where most employers don't want you.thanks for making a straight forward videos and tips that most people understand.
Thanks for the great comment Darren. If you haven't joined the Amazon 360 group (its free) yet, I think that will help you. Sorry to hear about your job. My mother went through a job loss in her 60's many years ago, unable to get hired again she went into early retirement. It was a struggle that has seared the importance of self employment (one of many reasons) in my brain. Let me know if I can help you.
Well I am very impressed how you get it together with your home schooling, selling and these you tube videos, well done and thank you, I am just starting out this is a great help.
I have to say that I love you! You are truly awesome to give this information for free.
Well, I love you, too! That's why I do this :) If I help just one person... then its all worth it.
Great vid.....I just started two months ago as a complete newbie on ebay and have done ok i guess for someone who honestly knew zero about reselling...so far at about a grand per month in profit so far. Im so new and out of touch that I had to re learn how to even use my desktop. I set up a nice office in spare bedroom and off i went. I have been watching so so many utube vids and reading for hours every night on the subject. Im so pumped that i stumbled on your vids. Just AWESOME....i have to say thank you so much for the information....im losing my day job as a self employed project manager ...my big clients are retiring and moving out of state. Im determined to make this my new job. Seriously...i cant thank you enough for offering this awesome information. Your methodical and very encouraging ....if you can do so well at this with all your other duties......well....its made me feel that i can to as i do not have prob near the responsibilities you have as a mom and home school teacher. Just letting you know that you have helped someone in a very profound way.....THANK YOU. If i may ask you a question?.....I am totally unfamiiar with Amazon....but im now gonna try to figure it out ........FBA sounds awesome. Is there an APP for scanning for Ebay?....Do you have preferences on what should go on Ebay versus Amazon FBA?.....If so...what might you suggest?......Do you mind if i ask you for advice from time to time?....I understand that not everyone likes to give away their secrets etc.....but one never knows unless they ask .....Again....THANK YOU so very much for helping others through your vids and insight.....learning what i have so far from them has given me hope and a little less fear of the future for myself and family....my wife is an executive within her company and does very well but losing my income is going to be very scary for me .....people such as yourself gives others that lil extra boost of confidence they may need to get them through....many many thanks for being you!!!
yohonamon It sounds like you are doing really well. A $1000 a month profit at the beginning is a very good start!!! There is such a learning curve when you are starting. I still continuously have to push through the curve of new printers, expanding my business, website development, etc. I would love to tell you that it will end, but it's more like you get better at pushing through and being proud of your progress at the end.
The best thing for you to do now that you are losing your day job (congratulations by the way, and I really do think a congrats is in order because your lifestyle can be anything you want now) is to get the ebay, amazon, and profit bandit apps on your smartphone. The ebay app is the only one I know for ebay (I could be wrong) and the other two are for Amazon. Then get your ebay, paypal and Amazon accounts running smoothly. Print out and read all guidelines on Amazon Then get that first box out to amazon (its the hardest step, force yourself to do it in two days time). After that, the sky really is the limit!! You will get out of it what you put in it. It will have to gradually build, but if you treat it like a business you can almost set your monthly income. I put in more and more hours in order to make more and more money, but to me, it doesn't seem like work. I watch youtube and netflix while listing. I garage sale, thrift store, and shop for a living!!! I can push pause and live my life and talk to my kid ANY time I want.
You will do great! My website is forming so keep checking back on www.entrepreneurgirl.net because I hope to have step-by-steps up there soon :) You can ask me a question any time you want... I don't keep secrets. I have a heart for people living the best life they can and I honestly believe ebay / Amazon can play a big part in that.
Thanks for all the awesome words to me. It gives me encouragement that I am actually helping people.
Trust me...you are helping people....its scary....i had a really good job....but this is also a dream for me to do this....i really do appreciate all your vids and help.....not many people like you out there these days. Ive learned alot and been super encouraged to make it happen and your vids have played a huge part in that....im slow...very...lol...but i know at some point this will click faster for me. Retail arbitrage is harder than i thot....or maybe im so new at it....its just hard to me....my wife said ill get better at finding stuff and it will smooth out....crossing my fingers........thanks again and many many thanks again for the vids.....it really does help....they are super encouraging....
Scott
You will get sooooo much better with time. It's laughable how different my business is now versus what it was a year ago. If you are educating yourself and treating it like a business, you will be just fine. Sounds like you are doing both :) When it's important to you and your family- you will make it successful!
beautiful kids. I have 4 kids don't know how you fit it all in. I would of been in the back seat taking a nap with your helper. Great info. can't wait for your other videos :)
Haha. I've taken my share of nap breaks while shopping... kids get use to ebaying. My 2 year old just told me "my shorts are cool, mommy got ebay". lol
Awesome video really enjoy watching your videos. thank you and get well soon
Thanks again Maurice!!!
awesome videos! Are you ungated in all categories? It seems like you buy all kinds of items in many categories.
Thanks for making these videos.
This is an awesome video for the beginner like me.Thanks so much!!
Darrell Hacker Thanks for taking the time to comment!
Your welcome, I love your videos. I'm a newbie, trying o learn everything I can. Again , Thank you for the video's, there really encouraging and educational.
That was a really helpful and practical video. nice job!
Thanks!!! I appreciate the comment.
Great stuff, Love the videos and the great info.
Richard Nicholson Thanks for watching :)
Okay, Tracy. So, I went out with my 2 & 5-year-old yesterday as well, equipped with lolly pop bribes (did-NOT-work, lol). I found some items that were going for $7-8 FBA in Kid's collectible stationery on Amazon for a dollar. I thought that was a great way to test the water. So, far my item is the lowest, but not advertised on the product detail page because it is not free shipping. It's been a few days, but no grabbers yet :/..and with only a potential $2 profit for each after Amazon fees not incl. FBA'S. I am almost thinking going bulk, because after all that- first-time-list hassle, I rather have more qty I am thinking....So discouraged so far. I know I have a great eye for deals, but ooo-weee that was a lot of work for items that are not moving. Perhaps all those clearance items are on clearance for a reason. They don't move.
+Jessica A Getting started is the hardest part! Here's the 3 things that makes it a little easier when you keep them in mind when shopping 1) ranking is under 100k 2) Item will give you a $10 profit after fees 3) listed 3x purchase price 4) not a ton of other people selling item. It's always easier to buy in bulk and sell than shop for individual items. Consider online arbitrage, liquidations, and private label. And shopping online (without the kids) suuuuuuure is easier :)
So if you buy for triple the value, how much will you net from that?
Love your videos and the honesty
I live in Kokomo Indiana. Super weird that I came across this video.
You are awesome - for the fact alone that you take care for eight kids! WOW!
+Andreas Za Thanks!!!! I love my babies :)
Quick question. How do you remove the sticker tags without any damage or glue residue?
+RcFrenzy I use the Magic Eraser for most items.
Could you post a video on how you handle your taxes and inventory value? I use excel and turbotax but would like to see what other people use.
Thanks for the video suggestion. I have added it to my list. I use GoDaddy Bookeeping right now and have been fairly happy with it. Every time I source for inventory, I make a quick note of the value (ex: garage sale, date, $230 or Walmart, date, $47) and put it in GoDaddy, and keep all the receipts. Taxes are given to an accountant that my husband and I share (he has his own business, too).
EntrepreneurGirl
Check out Inventory Lab!
Do you by chance have any videos on scanning items and using Profit Bandit, etc.? Thanks
Absolutely love your videos and soothing voice, just a quick question do you FBA most of your haul or ship them out yourself ?
FBA!!!! I love FBA :)
Very cool video and very helpful! I have a couple questions...my Husband and I are starting to run our own business and use FBA/Ebay..we do not have a huge amount of money to put into this...maybe $500 bucks or so. Are there items that sell better than others? For instance...finding things at goodwill/thrift stores/on clearance and such? I am just trying to find out what we should buy so we do not waste any money! Thanks!
Casey Corrier When I first started I was in the exact same boat. I started with garage sales because the profit margin is the greatest (you can buy items for $1 and resell them for $20). Grab any new in the box items you can for Amazon and anything interesting that looks like a good seller for ebay. Then I added new-in-the-box items from thrift stores like Goodwill for Amazon. I started with ebay and sold really anything that would give me a profit. Examples of good items are electronics, games, puzzles, vintage, and clothes for ebay. Then I added Amazon FBA with only books (stick to non fiction only as fiction doesn't pay) and have since added new in the box puzzles, games, anything still wrapped. ALWAYS scan using profit bandit (or another app like it) or you will make mistakes. Good luck!!!
Hi , great videos , quiestion to do this retail arbitrage do I have to have a DBA ( doing business as ) or not? , Also what about taxes ?Thanks for any answer
Great video! We have similar strategies... My strategy though is to NOT buy anything that I don't make MINIMUM of 3x my money on AFTER fee calculations and shipping guess-timations. So if I buy something for $5, it has to make $15 profit minimum after fees and shipping :)
Great strategy! The longer I list... the higher my bar :)
@MichaelBaker- The page wouldn't let me respond directly to your question, so I'm hoping you will see it posted here... In Florida, garage sales are everywhere and year round, probably much like Southern California. Different sellers target different item categories while shopping garage sales, because they are familiar with certain products, have had good experience with different type things, etc. When I go to a sale, the first thing I look for are new-in-the-box items (Amazon FBA). Secondly, electronics (high dollar on ebay). Thirdly, anything interesting, different, or unique (here you stumble on items from Africa or the like). I also look for vintage goods (high dollar on ebay). Some people will only shop clothes, because that's what they like... and I avoid clothes because I don't enjoy listing them. Affluent neighborhoods can be good if they don't price everything too high. I have a loop that I drive in my city that allows me to drive all main roads and look for signs. I normally hit thrift stores that I pass along the way :)
A how to set up Amazon fba - step by step would be great, I have an account but don't know how to proceed. Also maybe do one product from start to finish would be great so we could see the whole process. Thanks for the help in advance
I'm finishing a video for you on taking an item start to finish :)
EntrepreneurGirl I will surely watch it and then leave a thumbs up.
Thanks :)
EntrepreneurGirl I did see it thanks, I lived in Florida for two years other than the humidity it was great. I am a western mountains guy so I stay in little ole Utah
Love your vids! I understand that we should be looking for 3x. But what about sales rank and/or determining how fast a product will sell? We don't want product sitting on the shelves. How do you determine if you find something at 3x and that will sell in a reasonable time?
Marc Possoff The sales ranking gives you a clue as to how fast something will sale. Also, consumables also have a tendency to sell quickly sometimes. The best scenerio is to scan until you find an item that's 3x and a low sales ranking (under say, 50,000). Although sales rank, good vs bad, can vary depending on the item. If you have limited inventory funds, try for low price to buy, 3x your money, and low sales rank. Another tip: if there isn;t much competition currently selling the item. For example, there have been times that I was the only FBA seller on a item. When this happens, most times it will sell fairly fast.
Thanks! Very informative.
cabindude Thanks! :)
I wish you could do a video about how to prep all your inventory. I went out and scanned a few things but Amazon fees and labels (done by Amazon) are killing my profits. Any ideas will be appreciated. Hopefully, I will do this full time.
Ricardo Figueroa Would love to do this for you... can you be more specific as to what you would like me to include?
Thank you for another amazing video! So when you say triple your money do you mean lets say the item is $15 in the store I would list on ebay for at least $45? I always give free shipping on ebay so I would have that cost plus ebay fees any advise and help is very much appreciated thanks again for all you do for the reselling community have a great weekend. Paul
Paul Rhodes Yes, the 3x money is a "general rule" I have in my head when I shop. I have learned from doing this long enough now, that if I go below that line, I'm just not happy with my profit margin and if I make a big error, I can even be negative! However, scanning each item is the true test of whether you should purchase an item or not. I, too, do fast and free on ebay. In the 3x, I have calculated average shipping as well as amazon/ebay fees, but if you have large or heavy items (most of my items are light or media mail) then you would want to charge more. Another thought is that many times I make upwards of 10x my money (garage sale cowgirl boots bought for $5 and sold for $50) happens all the time... so I figure it all works out in the end... just don't go below that 3x (or as you put it, buy for $15 and list for $45). Hope that helps, Paul.
Im kind of confused as to when you get stuff from AliExpress is it shipped to Amazon because surely tht would be double shipping???? shippung to me to put barcodes on and then me to send and list and send to Amazon more money shipping??????? What are your thoughts on D H Gate
I love your videos. You are really helpful. Don't you have to worry about the boxed chocolates melting? Especially in Florida? =)
+abentco YES!!! Can't do chocolate in Florida. Actually, I don't do chocolate at all anymore.
Nice haul! I just got started on Amazon myself and am always looking for good tips to help me grow my business. I might suggest that you turn your phone sideways so you don't have the skinny looking videos. Thanks!
Thanks. Hope you a successful 2015! Figured out the phone landscape mode awhile ago... thankfully :)
Have you made any videos for retail arbitrage where you visit local retail stores? Meaning retail stores that are mainly specific to your town or area.
+CrowdPleeza Like mom and pop stores or no brand name store?
+EntrepreneurGirl
Yeah mom n pop and local specialty stores. I heard those stores can be good for finding unique items with less competition.
if you're interested in Amazon Retail Arbitrage. I'd love to give you a Free link to my course. I guarantee if you follow the steps I lay out you'll make money.
so helpful! thank you!!!!
Deana Vaughn Thanks Deana!
Reason I ask the question about how to determine if a ordered product will sell is cash flow. I notice you buy stuff if you can triple your money at least. I understand that but I don't want stuff sitting on the shelf because I'm not in financial position to have things sit. I do have $500 to invest in inventory.
Marc Possoff Yes, you are so right. When I first started especially, I needed items that would turn fast and/or didn't cost me very much to purchase (garage sale). As you make more money, you can afford to take more risk. Having said all that, I always look at sales ranking. The lower number the better and I tend to avoid anything over 100,000. If I find something with a number under 10,000, I buy several normally.
EntrepreneurGirl Agreed... although I have bought and sold things in the millions if I get it very dirt cheap.
Great video!!
Urbandiggers Thanks :)
Just found you. I've been thrifting and selling on ebay for about two years. I just started Amazon, but not FBA. I ship myself. Man its time consuming. Do ou have a video on the FBA process? Thanks For the info.
Hi! Thanks for the comment. I LOVE LOVE LOVE Amazon FBA because it is so easy and not time consuming at all. I still use ebay for vintage, or worn items, or for categories that aren't allowed on Amazon (beauty goods, etc). But now that I've gotten use to the processes of Amazon FBA... it's sooooo hard to go back to eBay. FBA packs, ships, and handles all customer service/returns. Which means I have more time to shop for better inventory and work on the forward momentum of my company. Having said that, I still believe in using both forums, because it makes better business sense to not have all your eggs in one basket. I do have a video on the FBA process (it's an hour long). I will work on getting a more concise version out for you soon :)
Wow... what a schedule. I complain about my schedule. I will need to reevaluate my excuses for not getting things done.
+Julio Rosario Isn't it weird... the more you do the more you do!
I always think there's no way to fit in more, and yet there is :)
you need a pro merchant account for the profit bandit?
+Chris K I believe so...
Do you recall what items sold for you and what was the best profit turner for you?
+Jessica A I don't :( But I am following the Christmas items from the video in January through to sell and profit so I can show everyone :)
Cool. Can't wait :D
"Buying for 10, selling for 60, that's at least three fold." That had me dying. Good video though.
Did I mention I have 8 kids... sometimes the distraction sneaks though... lol. Thanks for the comment.
EntrepreneurGirl You are truly impressive sister!!! Love the vids!!! I realized a while back that the Proverbs 31 woman in the Bible was a home Business Entrepreneur!!! :)
Love it!!!
EntrepreneurGirl so all you have to do is pack all that in a box and send it to amazon? or you need to list one by one?
You list it, label it, put it in the box, and ship it away....
Should we also be looking at the rankings on Amazon
Yes, ranking are very helpful in making an educated guess as to how fast an item will sell and if it's a good seller or bad seller "in general". I will try to do a video about that topic and give loose guidelines as to what numbers to look for in which category. Very good point!!
Thanks loved your video keep on making them.
How do you handle ebay sales while you are away from home? Do your buyers wait for shipping until you return? Thanks.
happiehousewife Ebay sales away from home are tricky and my biggest complaint. Ultimately, I want work that I can do from ANYWHERE and ebay doesn't quite fit into that. Ebay now has a service similar to Amazon, where you can send items in, but I haven't gone that route yet. When I go out of town, I hire someone (normally a family member) to mail items for me. There is always the option of putting your account on "vacation mode" while gone, but like you said, buyers aren't always so happy about that. I will probably continue to ebay, in hopes of adding employees within the year that can handle it. If I find that I just can't fit ebay into the lifestyle I want, then I will work harder in other areas (website income, amazon, ebooks, etc) so I can eventually eliminate it completely. For now, I just do the best I can while away :)
Wouldn't the chocolate melt while being shipped around this time of the year? This video is very helpful and very motivating. Cute little helpers by the way :D
You are right on target with one of my concerns. I had never shipped chocolate and didn't dare travel with it to Florida... so I mailed one box to Amazon while in Indiana and gave one to my mom as a gift. I wasn't sure how it was going to go with the chocolate, so I figured one box would be a smart first try. Ended up working out fine since it was still quite cool up there. Yay! Thanks for the comment. So glad the videos can be of help :)
Sorry if I missed this in the video. But are you including in your profits how much it will cost you to ship to Amazon? Or are you shipping these items yourself?
if you're interested in Amazon Retail Arbitrage. I'd love to give you a Free link to my course. I guarantee if you follow the steps I lay out you'll make money. It deals with cost of products and where to find them online. It also talks about shipping and FBA costs, as well as everything else you need to know.
HI Entrepreneur Girl, Would you ever buy a product to sell on amazon fba if it was a good deal but had no ranking and no comments and no stars? Scott
It would really depend on the item. Sometimes I can look other places to find ranking... like camelcamelcamel. Comments about products can be found generally with a Google search. I'm kind of a risk taker, so I would probably try an item if it was a super good deal, knowing I could sale it on ebay, etsy or craigslist, if I couldn't on Amazon.
Question about this video. To use FBA. Do you send all this stuff to Amazon?
if you're interested in Amazon Retail Arbitrage. I'd love to give you a Free link to my course. I guarantee if you follow the steps I lay out you'll make money.
Does someone ever get a product you have sold FBA and the original price is on the package and it is very low and they paid much more - do they complain? For example, I found a sticker book - where a kid creates 4 books with stickers and it is new in package. It shows obviously that is costs $2.00. There is only one seller on Amazon and it is being sold new in package for 19.98. I assume I list at the same price. Will the customer react when they see the $2.00 on the store package?
+Muzette Casas I know this is past due, but I have seen customers give poor feedback ratings for seeing the clearance items ((stickered and forgotten to be taken off)) being sent to them when they had paid full price. I am sure it is insulting for them, as I would be a little annoyed if this happened to me
.
Do you remove the stickers from the packaging that show a much lower price than what the Amazon buyer will be paying or just leave the stickers on?
I always take them off, or cover them if I can't get them off. It only upsets people when you leave them on... and we don't want that :)
EntrepreneurGirl That makes sense. Thanks for the prompt reply. If there are stickers showing a higher price than what your customer is paying, do you leave them on? After watching your video and some others, I made my first attempt at retail arbitrage by buying 140 Angry Birds iPhone cases for .50 cents each today. Some of them still have the sticker on them from Best Buy that say $11.99. Since I'm only charging $6 each for them I thought it would be a good idea to leave the stickers on, but I'm hoping to find out what peoples' experience has been with this before experimenting on my own.
CavvyStudios On FBA, I take off all stickers since I believe they are supposed to be removed and it appears more professional.... and I really don't want to do ANYTHING to offend Amazon or an Amazon customer (it's so important to my livelihood). But on ebay, a higher ticket value might make them happy, and I would probably keep it on there. The clean appearance isn't as important on that forum; and ebay customers LOVE a good deal :)
I love the video .. Do you do any dropshipping on eBay ? Thanks in advance...
Scottie Lewis I am hoping to add dropshipping 2015. I will keep you posted on how it goes :)
EntrepreneurGirl thank you
+EntrepreneurGirl I was wondering the same thing...Granted I haven't checked out your other videos yet...just came across this one, but if you haven't I would love to know how it worked for you since, well, it seems to be a times saver.
What is the best scanner to go to the store instead of using you cellphone?
Ricardo Figueroa I use the handheld Scanfob Serialio.com
I do use it with my cellphone, but I believe you can use it with a PDA. Is there a reason you don't want to use your cellphone?
Sometimes the signal is bad in some stores and then I have to leave because of that.
That is why I was looking for a good scanner. My plan is to go to the store and scan as fast as I can and get it done. I just don't know how the information from the scanner goes to the cellphone.
oh, yes. I know what you mean there. In that case a PDA is your best bet. You will need to make sure the database is current (recently downloaded) before you scan. Here's an example of one: www.neatoscan.com/ProductCategory.aspx?productCategoryID=6
Please can you explain how scan products for Amazon?
Using a scanning app like Profit Bandit or the free amazon seller app, you can use the scanner (which uses the camera feature on your phone) ormanually enter in the title of a product and the app will provide information to you that helps you decide if it is a good purchase or not.
How much time do you spend shopping each day? Is that time part of your 4 hours per day?
Lisa Miller Not always. It's very time consuming to shop. So for example, this week I spent four hours at an auction on Monday, and then four hours the next day listing the items I purchased. Getting inventory is normally done wherever I happen to be (errands) or weekends fri-sun when I'm at garage sales and passing by stores. When you shop, make it count. When you list, list hard.
What does she mean when she says only do products under 100,000? what is that and where please do I find that info.?
Hi Scott! What I meant was the ranking number. If you are using the Amazon Seller App on your smartphone (or most other selling apps) it will give you a ranking number. This number indicates if an item will sell fast or slow (lower number is better). I like to stay under 100,000 as a general rule, but it really depends on the item and the category.
Do you have multiple days where you say to yourself, this is too much daily stuff going on, and you don't want to go looking for these deals various different stores. It seems like you have so much happening daily it would burn you out at some point. Appreciate your thoughts, motivation etc...
+Giggidygiggidy12 oh yes!!!! Some days I am in a "listing" mood (read that, pop in movies and sit and enter them in the computer while I watch) and some days I just want to garage sale and have fun (so my garage fills up like a hoarder). lol. There are even days, I go to the beach and say the heck with it. I realize now that my energy levels with this business (and I'm guessing all work related tasks) ebb and flow. I get tons done when I feel strong (think energizer bunny) and then when I feel blah I just take a much needed break and don't beat myself up for it because I know it all works out in the end. This past year, my dad was in hospice and passed away. I didn't make any of my year end big goals. Yet, that is ok, because I made my biggest goal = people first. always. I find that when I hug on myself and my company and know that tomorrow is always another day, and to walk away from it when it just isn't flowing, that burnout might edge close, but never consumes me. Hope this helps.
Do you have to have a resale license in Indiana?
+brandy smith See if this answers your question:
blog.taxjar.com/register-sales-tax-permit-amazon-fba-states/
Great stuff! I am going to have my wife view this several times and take notes. One suggestion, next time film with your phone in the wide view so the picture will be wide. In the narrow your arms are cut off and the things you are talking about are sometimes not in view. THX for the great information!
Thanks!
No Thank You! Tom here Naomi's other half. I have been working out of the country in Afghanistan for 5 years now to support our family. I discovered FBA a few months ago and Naomi has been working it from home to get me home so to speak. You story has been a real motivator to Naomi and I showing us that we can do this and I can come home soon to work it with her. Again thank you.
Let me know if I can help you guys in any way... best of luck to you and welcome home!!!
Naomi Parsons I just came across this type of selling today and watched this video , its been two months since you made a comment. How is your shopping and retailing at fba doing? My Family are all veterans and my dad is 93 and fought in the Pacific God bless.
We did ok during Christmas but we are having a hard time sourcing inventory right now. We are concentrating on getting un gated as they say in as many categories on Amazon as we can then moving forward in the new year.
how much of the stuff you buy do you never sell?
+Jamie Spitale Probably, about 3-5% I will have sent back to me or discarded if the value is low.
You're a super woman. Wow. How do you do it? I don't have children, I work with kids though full time and have recently started this and it's hard....... lol You're incredible.
+Life4Sale Yeah, some days.... lol. But overall, what a blessing to have a house full of noise and a job I love... I do it easily, because I love it all so. Thanks for your sweet words :)
Can I ask you something? I came across your reviews of Chris Greens Online Arbitrage. Did you feel it was worth the money and made a difference to your knowledge gained? It seems everyone likes to take courses, like there are loads. I have even taken two which have helped as I knew nothing about this world. The courses were priced very very fairly (under $50) and worth their weight in gold as they gave informative info on different aspects like bundling etc. I just wondered what you felt about some of the courses doing the rounds and if you felt they were at all necessary?
+Life4Sale I learned without anything. You can too. Some people like the added support, and this does offer that. Actually, I would go as far as to say it is the best book on the market regarding this (currently). It's such an individualized decision. Personally, I am currently taking courses to learn Private Label even though I have self taught up to this point. Because it is a concept that I would like to move fast in and the knowledge will gain me more in a month than I paid.
I wanted to see spidy
the reason you said 3x your money on items, is it because you're factoring Amazon fees? in actuality, you're really getting 2x the money? is that why?
+Aaron QH Exactly. If an item sold for $30... 1/3 ($10) wold go to Amazon fees, 1/3 ($10) cost to purchase item, 1/3 ($10) into your bank.
what happens if your product don't sell?
If my item doesn't sell with Amazon FBA, they will give me the option to pay extra fees to store in the warehouse, or to pay to have it sent back to me, or to have them destroy the product. So far, I've only had to have a dozen of one item sent back. I opted to pay to have sent back, because I could still sell on ebay for a profit even after shipping expenses.
If my item doesn't sell on ebay, and I do not want to keep relisting it because it is no longer profitable, I simply stop the listing and put the item in my "reject box". This box is one I keep in my garage for items that I can't sell. For example, I recently went to a book sale and acquired over 1000 books for a rock bottom price; knowing full well, that some of those books will be penny romance novels that I can't sell for a profit. They will go into the reject box, I will then take the box to the local Kiwanis, and I will ask for a donation receipt. Sometimes they even give me a blank receipt (meaning I fill in the $$ amount). This receipt is very useful at tax time, because I can write off my "loss".... which in essence, means the reject items actually made me money in the end :)
+EntrepreneurGirl LOVE THAT.
yum
:)
im new to selling, what is FBA?
+WarLion Fullfillment By Amazon
www.amazon.com/gp/help/customer/display.html/ref=hp_left_ac?ie=UTF8&nodeId=200229160
if you're interested in Amazon Retail Arbitrage or Amazon Private Labeling, I'd love to give you a Free link to my course. I guarantee if you follow the steps I lay out you'll make money.
What's Quackin'?
Flippin Profits Hiya! Just subscribed to you. Great channel :)
lolz Y thank U
I want to know how on earth you can go shopping with your kids, and still hold to the triple your money. WITHOUT spending gazillions on your own kids?! Ha! Bob (grayelephantclub)
Let's see... bribery, "the look", ziplock of gummy bears... well, and I say we can get one ($1 store) bag of candy to share if EVERYONE lets mommy shop.... it's my sanity that we should be talking about... haha
+GrayElephantClub LOL!!!! I was thinking the SAME thing!!
You look like a very nice American lady.
leave the kids in the car.. Noooo don't that.😁.
:) lol