Give me 34 minutes, and I'll show you how to start Amazon online arbitrage from zero

Free Amazon FBA Course Overview

In this video, the speaker provides a comprehensive overview of Amazon FBA and how to get started with it. The course covers creating a seller account, finding your first product, different sourcing strategies, and tools that can help you save time and earn money.

What is Amazon FBA?

• Amazon FBA stands for Fulfillment by Amazon.

• Over 50% of sales on Amazon come from third-party sellers.

• Third-party sellers can be brands, distributors, resellers, etc.

• Selling on Amazon through FBA can be very lucrative.

Creating Your Seller Account

• How to create an Amazon seller account.

• Choosing the right seller account type.

Four Business Models of Amazon FBA

• The four business models of selling products on Amazon.

• Understanding the difference between FBA and FBMs fulfillment styles.

Tools for Saving Time and Earning Money

• Introduction to software tools that can help you save time and earn money.

• Examples of software tools used in the speaker's own business.

Sourcing Profitable Items

• Why sourcing profitable items is where all the money is made in an Amazon FBA business.

• Different ways to source profitable items.

• How the speaker sources profitable items in their own business.

Scaling Your Business

-[]( t = 1m32s) How to scale your Amazon FBA business to seven figures in revenue.

-[]( t = 2m46s) The speaker's personal experience with scaling their own Amazon FBA business.

Overall, this video provides a comprehensive overview of Amazon FBA and how to get started with it. It covers everything from creating a seller account to sourcing profitable items and scaling your business. The speaker also shares their personal experience with starting and growing an Amazon FBA business.

Introduction to Selling on Amazon

In this section, the speaker introduces the concept of selling on Amazon and highlights the potential for making money through the platform.

Selling on Amazon

• Over 4,000 sellers topped a million sales for the first time during a certain period.

• Amazon houses products in Prime warehouses to control supply chain and deliver products quickly.

• Small businesses are often responsible for sending products into these warehouses.

• Making money on Amazon is possible by selling various types of items.

Creating an Amazon Seller Account

This section covers how to create an Amazon seller account and explains the differences between professional and individual accounts.

Types of Accounts

• Two types of accounts available: professional and individual.

• Professional account costs $40 per month but has access to more features and no cost per sale.

• Individual account is free but costs $1 per sale.

• It's recommended to get a professional account if you plan on selling over 40 items.

Creating an Account

• Go to sellercentral.amazon.com to create an account.

• Choose between professional or individual account type.

• Verification process takes a few days before you can start selling.

Getting Started with Amazon Selling

This section covers the basics of getting started with selling on Amazon, including creating an account and choosing a business model.

Choosing a Business Model

• There are three main business models for selling on Amazon: arbitrage, wholesale, and private label.

• Arbitrage involves buying low and selling high. There are two types of arbitrage: retail and online.

• Wholesale involves buying products directly from brands or distributors at a discounted price.

• Private label involves creating your own brand and manufacturing your own products to sell on Amazon.

Getting Started with Selling on Amazon

• To get started with selling on Amazon, create an account at sellercentral.amazon.com.

• Choose the $40/month option to gain access to tens of millions of customers in the US without having to pay additional fees until you start making sales.

• Retail arbitrage involves going into physical stores like Walmart or Nike outlets to find products to resell on Amazon. Online arbitrage involves finding deals on websites like Walmart.com or Nike.com and reselling those products through Amazon.

• When starting out, it's recommended to begin with low-risk options like used books or retail arbitrage before moving onto more complex business models like wholesale or private label.

Introduction to Amazon Selling

In this section, the speaker introduces different models of selling on Amazon and highlights the benefits and drawbacks of each model.

Different Models of Selling on Amazon

• Arbitrage: finding profitable items that are already listed on Amazon and reselling them for a profit.

• Private Label: creating your own brand and products to sell on Amazon. This requires buying inventory from China, creating listings, and potentially running ads.

• Wholesale: buying products in bulk from manufacturers at a discounted price and reselling them on Amazon.

• Dropshipping: shipping products directly from the manufacturer or supplier to the customer without holding inventory. This is not recommended as it can lead to a poor customer experience.

Differences Between Arbitrage and Dropshipping

In this section, the speaker explains why arbitrage is a better option than dropshipping when it comes to selling on Amazon.

Why Arbitrage is Better Than Dropshipping

• With arbitrage, you can make money by finding profitable items that are already listed on Amazon without having to create demand or build trust with customers.

• With dropshipping, you have to find a product, build a website, run ads, optimize keywords, and build customer trust. This requires more effort than arbitrage.

• Dropshipping can lead to a poor customer experience since products may take longer to arrive and may not come in an Amazon Prime box. This can result in negative reviews and account suspension.

Conclusion

In this section, the speaker concludes by summarizing the benefits of selling through arbitrage on Amazon.

Benefits of Selling Through Arbitrage

• Arbitrage is a low-risk way to make money on Amazon without having to create your own products or build your own brand.

• Unlike private label, there is no need to buy inventory in bulk or negotiate with manufacturers.

• By selling through arbitrage, you can take advantage of existing demand and marketing efficiencies on Amazon.

Introduction to Selling on Amazon

This section introduces the concept of selling on Amazon and highlights the importance of third-party sellers. It also discusses the two ways to fulfill products, FBA and FBM.

Third-Party Sellers

• Over 50% of products sold on Amazon come from third-party sellers.

• Third-party sellers are individuals who sell products on Amazon to make money.

Fulfillment by Amazon (FBA) vs Fulfillment by Merchant (FBM)

• FBA involves sending bulk products to Amazon's warehouse for individual fulfillment to customers.

• FBM involves shipping directly to customers.

• FBA is more cost-effective due to cheaper shipping costs and quicker sales.

• Being an FBA seller increases chances of getting the buy box, which is where customers add items to their cart.

How To Get The Buy Box

This section explains how to get the buy box as a seller and why being an FBA seller increases your chances.

Importance of Being an FBA Seller

• Amazon wants happy customers and makes more money through higher fees with FBA sellers.

• Being an FBA seller increases your chances of getting the buy box, which leads to more sales.

Un-gating Products

This section discusses un-gating products, which can be a major issue for new sellers.

Un-gating Products

• Un-gating refers to gaining permission from Amazon to sell certain products that may be restricted or gated.

• Un-gating can be a major issue for new sellers, as they may receive notifications that they are not allowed to sell certain products.

Introduction to FBA and Unlocking Products

In this section, the speaker introduces FBA and explains how to unlock products on Amazon.

Unlocking Products on Amazon

• To get unlocked for a product, you need an invoice with 10 of a product from an authorized distributor wholesale.

• You can use sites like EE Distribution or Frontier Co-op to order from one of those sites and then get an invoice.

• By unlocking one product, you'll be able to go ahead and get all of that category unlocked.

Tools for Selling on Amazon

In this section, the speaker discusses helpful tools for selling on Amazon.

Keepa

• Keepa is a tool that helps sellers know what's good to sell on Amazon.

• It provides a chart that shows how a product has performed over time.

• The green line represents sales rank which indicates how well an item sells in regard to other products in its category.

• The pink line shows the price history of the product.

• Keepa costs around $20 per month.

Other Helpful Tools

• Inventory Lab is helpful for listing products because it's much better than just doing it through Amazon Seller Central. It costs $50 per month.

• Seller Amp is another affordable tool ($23 per month) that provides a profit calculator and monthly sales numbers for different products.

Introduction to Amazon Repricing and Sourcing Tools

In this section, the speaker introduces different tools that can help Amazon sellers optimize their pricing and sourcing strategies.

Be Cool Repricer

• The Be Cool repricing tool helps sellers change prices to optimize buy box share.

• It is especially helpful for FBA sellers who want to increase their buy box share even if they are priced higher than other sellers.

• The speaker shares an example of how he was able to make more profit per sale using the Be Cool repricer.

Other Helpful Tools

• Inventory Labs Seller is a tool that helps find profitable items and gives better data to avoid bad buying decisions.

• Tactile Arbitrage is an advanced sourcing software that automates looking through websites for products. It's pricier at $70/month but can save time in finding profitable items.

• These tools have been helpful for the speaker's own Amazon business.

Methods for Sourcing Products on Amazon

In this section, the speaker discusses different methods for sourcing products on Amazon.

Retail Arbitrage

• Retail arbitrage involves going into retail stores or thrift stores, scanning items with the Amazon seller app, and flipping them online.

• While it's a good starting point, it's hard to scale as there may be limited quantities of certain products in physical stores.

Online Arbitrage

• Online arbitrage involves using software like Tactile Arbitrage to automate searching through websites for profitable products.

• It's easier to scale as there are often larger quantities of products available online.

Reverse Sourcing

• Reverse sourcing involves finding a product that is already selling well on Amazon and then sourcing it from the manufacturer or supplier.

• This method can be more profitable as there is less competition and the seller can negotiate better prices with the supplier.

Conclusion

In this section, the speaker concludes by emphasizing the importance of using tools and methods to optimize pricing and sourcing strategies on Amazon.

• Using repricing tools like Be Cool can help increase buy box share and profits.

• Different sourcing methods like retail arbitrage, online arbitrage, and reverse sourcing can all be effective depending on the seller's goals.

• The speaker encourages sellers to invest in these tools and methods to save time and make more money on Amazon.

Online Arbitrage and Reverse Sourcing

This section covers the basics of online arbitrage, leads lists, and bowler groups. It also discusses reverse sourcing as a strategy for finding profitable products.

Online Arbitrage and Sourcing Strategies

• Online arbitrage involves buying products from one online retailer and selling them on Amazon for a profit.

• Leads lists and bowler groups are resources that provide profitable items to list. Leads lists are more advanced options for replenishable products while bowler groups deal with seasonal opportunities like retail arbitrage.

• Reverse sourcing is a strategy where you use public data on what other people sell to find profitable products. It can be confusing but is very lucrative.

Manual Sourcing

• Manual sourcing involves using tools like Keepa to look at different products. This is helpful for wholesale as well.

FBA Roadmap Program

• For those interested in learning how to source step-by-step, there is the FBA Roadmap program which provides over 9 hours of content on making money with Amazon arbitrage.

The Speaker's Story with Amazon

This section covers the speaker's personal experience with Amazon, including his journey from selling shoes in college to making over $300k in revenue in one month.

Getting Started with Amazon

• The speaker started selling shoes in college before learning about people selling stuff on Amazon through YouTube videos.

• He eventually started out with used books before expanding into other categories.

• Ungating was a challenge for the speaker, but he eventually learned how to do it and saw his sales quickly go up.

The Speaker's Success with Amazon

• The speaker's sales quickly went up to $30k a month before passing $100k in revenue a month.

• In December 2020, the speaker made over $55k in profit from $300k in revenue.

• The speaker passed the one million in revenue mark in late December 2020.

FBA Roadmap Program

This section provides more information on the FBA Roadmap program, which is a step-by-step guide to making money with Amazon arbitrage.

What is the FBA Roadmap Program?

• The FBA Roadmap program is a comprehensive guide to making money with Amazon arbitrage.

• It includes over 40 videos and over 9 hours of content, as well as access to a private Discord community and live calls.

Feedback and Testimonials

In this section, the speaker shares some feedback and testimonials from students who have enrolled in the course.

Testimonials

• The speaker shares that they have received positive feedback from hundreds of students who have enrolled in the course.

• Students are posting additional testimonials on Discord.

• The speaker encourages viewers to check out the description for more testimonials and shipments people are getting.

• Viewers can also find messages from the private member Discord.

Private Community and Amazon Videos

In this section, the speaker talks about the private community and Amazon videos.

Private Community

• The speaker invites viewers to check out the FBA roadmap in the description for information about the private community, bonuses, and structure.

Amazon Videos

• The speaker posts Amazon videos on how to make money with Amazon arbitrage every Monday, Wednesday, and Friday.

• Viewers are encouraged to subscribe and turn on notifications for updates on new videos.

Conclusion

In this section, the speaker thanks viewers for watching and encourages them to leave any questions or comments they may have.

Thank You Message

• The speaker thanks viewers for watching and expresses appreciation for their interest in the free Amazon course.

• Viewers are encouraged to leave any questions or comments they may have.