How to Make Money on Amazon Fast: Earn $700/Hour with Online Arbitrage

How to Make Money on Amazon Fast: Earn $700/Hour with Online Arbitrage Speaker 1: So yeah, I was born and raised in the Philippines. I moved to Los Angeles when I was 15 years old. So now I'm married with three kids. I currently live in Las Vegas, Nevada. I first started with becoming a nurse. So I became a nurse in 2010. I practiced nursing for about five years and then I started network marketing in 2013. So this was my very first business. I started over 10 years ago now. Wow. And then in 2018, I started doing eCommerce. So I started with reselling on Facebook Marketplace and OfferUp. I did Facebook Marketplace dropshipping, OfferUp. I've sold on Mercari, Poshmark. I've sold locally. So I've done like a lot of stuff in a lot of different strategies. I've helped over 1,500 students make extra money online with eCommerce. So I've helped people with dropshipping in the past, reselling locally and now Amazon FBA. I do love helping others and I'm also an introvert. So doing things like this, presenting helps me grow and push myself to get better. So I do appreciate you guys for being here tonight. Yeah, today I'm gonna talk about Amazon and how it changed my life and how it can change yours. And I'm gonna talk about the different ways on how it's on Amazon. But before that, Amazon, as you guys know, is the world's largest online retailer and cloud service provider. So Amazon is now in 131 countries. So let's see in the chat, do you guys buy from Amazon? And how much do you guys buy from Amazon? So do you guys buy from Amazon and how frequent do you guys buy from Amazon? Let's see in the chat. So DJ said every day. Okay, same. So Jessica said yes. Okay. Yeah, so. Yeah, so I'm sure you guys know by now that people love Amazon. There's a lot of brand loyalty with Amazon, right? Like people like Amazon Prime because of the two day shipping. They like Amazon videos that comes with it. You get your packages in like one, two days or less. And yeah, so the process of selling on Amazon, there's a lot of free traffic. There's a lot of buyers on Amazon. Amazon provides the customers to us sellers. Which means we don't need to do a lot of marketing because Amazon provides us with the buyers on the platform, right? There's a lot of products to sell on Amazon. I mean, you can go from toys to books to kitchenware to household products. There's a lot of stuff on Amazon. Everything is pretty much on Amazon by now, right? I think they started selling cars on there too, which is crazy. So Amazon is a solid platform. Buyers love Amazon, buyers trust Amazon and I think Amazon is a long-term business. Do you guys agree? I think Amazon is going to be here for a very long time, right? The concept of Amazon is strict. Amazon is strict as they should. They should be strict with buyers and sellers because they got to protect their platform. It needs to be great to sell on Amazon. You can't just treat this like whatever. You got to be a great seller to be on Amazon. You got to be careful too with account suspensions. They're very strict, but as long as you're careful with the stuff that you sell on Amazon, you are gonna be okay. And selling on Amazon is like having a corporate boss, which is fair because we're selling on their marketplace, right? So technically Amazon is our boss. So you gotta just be playing by their rules and be careful with the stuff you sell on Amazon. And then how do you manage your risk of selling on Amazon? You gotta be aware and be careful with fake products. This is gonna be the main one, okay? So you guys need to be careful with selling fake inventory on Amazon. Unknown Speaker: Oh, what's going on? Speaker 1: Oops. So just be careful with selling fake inventory on Amazon. You need to make sure that your products are 100% legit. You guys need to have the right paperwork if Amazon asks. Don't treat Amazon like a casino, meaning it doesn't matter if you have a lot of capital, you gotta be managing your money properly. Don't just buy products and just dump them into Amazon. That's not how it works. It's not a casino. Have proper money management. Diversify as soon as you learn how to sell on Amazon. And then have the right mentorship and group for support. And then there's two ways to fulfill orders at Amazon. FBA is fulfilled by Amazon, meaning Amazon does all the fulfillment for you. And then FBA means fulfilled by a merchant, meaning you as a seller is going to fulfill the orders. And then this is how Amazon FBA works. So step one, this is you, right? This is you in the chat right now thinking about selling on Amazon. And then step two is you got to find profitable products to sell on Amazon, which I'm going to show you guys later. And then sub three, you're gonna have to find suppliers to buy the products. Sub four, you guys are gonna ship the products to Amazon or if you're doing FBA, you're shipping it to yourself to fulfill yourself by FBM. And then sub five is Amazon is gonna pack and fulfill and ship your orders for you, which I like, right? If you're doing FBA, I think I love it because Our job as sellers with FBA is we're providing Amazon with inventory and then Amazon does all the heavy lifting like packing, prepping, warehousing, shipping, handling, which is I think most of the business. So I do love FBA because my only really job is to find profitable products for them and then do most of the heavy lifting. Yeah, so FBA, I like it because orders are fulfilled by Amazon. It's just less work for us sellers. They handle storage, customer service, shipping, billing, returns, handling, saves you a lot of time. You can do it from anywhere in the world. It's 100% online. And again, Amazon does all the heavy lifting, meaning they manage all the employees, they manage all the returns, they manage all the logistics, you know, they manage the warehouse. I think that's a big responsibility and I like this because we can just be at home like now and run our business using spreadsheets and our computer and maybe some VAs. Very low risk, low overhead business if you're doing an FBA. And the seller's job is to provide Amazon with profitable products. You can also automate this business using virtual assistants if you want to. And you don't need to trust their products. Meaning, you can buy their products from a supplier, you ship it to your prep center, and then your prep center ships it to Amazon. There's a way for you guys not to even see their products if you guys don't want to deal with that. And then the cons of FBA is they are strict as they should. So if you're doing FBA, you gotta be on top of your game because Amazon is very strict with their business, which as they should, right? Amazon tends to lose inventory, but that's okay because they do reimburse it when they lose your products. I think this is okay because it's just part of business, right? There's always gonna be some lost inventory because there's a lot of things moving around. You know, all throughout the country, products. So if they lose some of it, it's okay because they do reimburse it. And then with FBA, you don't have any control over their products because you're buying it online and you're shipping it to Amazon. So you don't really see their products. You know, you don't really touch it. So you have less control over it. And it's also a slower process because there's just like shipping times, right? You buy it from your supplier. It takes like three to five business days for it to hit your prep center. They pack and prep it. It takes another like three to five business days for them to pack and prep it and ship to Amazon. And then there's another like three to five business days for Amazon to receive your inventory and have it in your shelves. So it can be a slow process, but then again, it's also hands off, right? And then as an FBM, I saw a lot of you guys in the chat who do FBM. So FBM means fulfilled by merchant, which means Amazon sellers fulfill the orders. They do the storage, shipping, handling and customer service, meaning you as the merchant or the seller is in charge of all your products and all the logistics, right? It's good and bad. It's good because you have full control of your inventory, meaning you touch it, you have it, you have it in your hand. Shipping speed is a lot quicker. Because as soon as you receive their product, you can ship it to your buyer right away. You carry your inventory, you have it with you. So as soon as you make a sale, you can just ship it out right away. There's no delays, there's no waiting with FBA. And you're also getting a quicker payout from Amazon because as soon as you sell their product, You receive your payment and you can get your money back quicker too. So it's just better for cashflow. You're working a lot more as far as effort, but then you're also getting your money back quicker too, right? So there's pros and cons to FBM. And the concept of FBM is you need to spend a lot of energy because you're doing all the packing, the prepping, the carrying of the box, going to the post office. You also need storage. So usually people use their garage, but as you get bigger though, you're going to be needing like a bigger storage space. So people usually rent storage spaces or they even get warehouses depending on the size of the business. So storage is an issue. There's going to be a cost to this. You know, in your garage, right? It's not always open to keep inventory. So, you know, it can be a problem. And as you scale, you might need to hire actual employees, which costs money. Because, you know, you're going to need like actual people to help you pack and prep your boxes as you scale, especially during the holidays. It's not going to be a one person job as you scale your business. So you're going to have to hire You know, like US based people to do this. And another thing that I don't like about it is that you're going to be tied up to a location. You know, if you're going vacation, for example, for two weeks to a month, you can't do FBM, your business stops, right? So you're tied up to a location, you can't really travel as much, because you need to be packing and prepping orders, you know, at your location. So, Yeah, they both work great. It's all about preference. Some people like FBA, some people like FBM. I do like FBA personally because of leverage. I do like leverage more because it fits my lifestyle better. I like being at home. I like having a time freedom. Like I said earlier, when my sister passed, I do value family time. So I do like to be just free and have time with the family. I also use virtual assistants to help run my business so I really don't work as much. I only really work an hour to a day on my business because I do have a team that manage my store. You can automate the whole process if you want to. It gives me a lot of time and location freedom. My family is in Los Angeles. So I do visit Los Angeles a lot to see my mom and my sister. So I do like to be just, you know, just like free. And I want to be able to run my business from anywhere since I'm always traveling a lot. And again, it only takes me like an hour or two to run my business. And then you can also make money while you're on vacation. So, you know, or when you're traveling, right? Which I also like. And there's also a lot of tax benefits to that too. Yeah, so here's my three-step process. So, I do FBA, but I do I do have a system where I do it 100% online. So I do buy my products from my suppliers, right? My online suppliers or like retailers like Walmart, Target, Home Depot, Lowe's and other smaller retailers. I buy from them and then I ship it to a third party prep center. So I buy it from the website, right? I ship it to my prep center's address and then from there, they receive their products. They pack and prep it for me And then from there, they ship it to Amazon. And then once Amazon receives the products, they do all the fulfillment for me. So it's a three-step process, right? I buy the product, I ship it to my prep center, and then they ship it to Amazon and Amazon does the rest. And here's some testimonials or success stories from my group. So Norm here is a six-figure Amazon seller from my group. So he works a nine-to-five. I think he's an engineer, if I'm not mistaken. And he does Amazon part-time using my three-step formula. And this is, oh, and this is Sam. So Sam is a five-figure Amazon seller from my mentorship. So he is in the military. I think he is in the army, if I'm not mistaken. And he also does Amazon part-time using my through third process. And here's more people from my group. So Elaine is a six-figure Amazon seller. She has a nine to five. She does Amazon part-time. Cindy and Steve are six-figure Amazon sellers. So they're parents and business owners. They do have a title business here in Vegas and they do Amazon on the side part-time. Natasha here is a five-figure Amazon seller. So she's in the credit and banking space full-time. I think that's her 95 and she does Amazon part-time. And then Brandy here on this side is a six-figure Amazon seller from a group and she did $100,000 in sales in four months. Part time. And she's also a mom. And there's also other different ways to sell on Amazon. So I talked about FBA, right, and FBM. I do arbitrage, but there's also other ways to sell on Amazon, like print-on-demand, Amazon Handmade, KDF, Merge, Amazon Influencer Program, which is popular right now, Private Label, Wholesale. And then I do online arbitrage, and some people do retail arbitrage. So print on demand, it just means people are printing their designs on blank shirts, hats, mugs and they sell the product on Amazon, right? This is great too. It's another way to make money on Amazon. It's just not for me because I'm not really creative to be honest. I do prefer to sell a product that is selling on Amazon already versus me creating it because I'm not really a creative person per se. So it's still for me to create products like that. But it is great too because it's 100% online. You can outsource the fulfillment. There's a lot of third-party print-on-demand companies out there that can fulfill your orders for you, which is great. You can work from home. It's scalable because if you can make one shirt, you can sell, if you can sell one shirt, you can sell 100 shirts, right? It's really scalable too and it's great for creative people. If you're creative, you can design a lot of stuff. I have one friend here in Vegas, he does print on demand in the Christian space and it does really well. He has Bible verses on t-shirts, mugs, hats and that's all he does. He just sells online and he creates products that are Christian based. It's great. The cons to this though is that you're limited to shirts, mugs and accessories, picture frames. You can't really sell other stuff, right? Like tables or a lot of like more tangible stuff. You're very limited to what you can sell and you really can't sell other products, which I don't like because you're limited to your market. And then there's Amazon Handmade. So it's very similar to Etsy. So these are for creative people too. So they'll create jewelry, they create like PDFs, they create soaps, they create like random handmade products and install them on Amazon. It's also great It's very similar to Etsy. You can sell handmade products. It's great for people that are creative and people pay premium for handmade products, by the way, meaning they, I mean, they would pay for, you know, a lot of money for custom jewelry or custom furnitures, like a lot, a lot of money because it's handmade and very like unique, so. The cons of this though is that you're limited to handmade products. Again, you're limited to your market. It's hard to scale because of manpower. If you're creating it yourself, it's gonna be hard to create a lot of it yourself too, right? And you're also not duplicatable because there's only one you. You can't really duplicate yourself if you're a creator. It's gonna be hard to do that. And if you do, you're gonna lower the quality of your products. So that's the problem with Amazon Handmade. And then KDF, so Kindle Direct Publishing is Amazon's eBook publishing platform. It's good too because it's 100% online. You create digital products or digital books. It's really scalable because you create the product once and you can scale it and sell it over and over again. You can scale it using Amazon's organic traffic. You can delegate this business to virtual assistants too so you can have like ghost writers do this. You can have like people who create books do this for you. You can leverage talent to create your products. You don't even need to really do it per se and then you can sell it right as your own product. There's no storage, there's no warehousing, there's no physical inventory which I like. So Kelly said, I do KDF or KDP or KDF. I'm so sorry. Oh, KDP. I'm sorry. KDP. Yeah. So it's great. It works. Again, it's just about preference, right? The concept of this though, is that you're limited to digital books and audible. So you're just limited to products in your market, right? You can only sell books, you can sell furnitures, you can sell other physical, tangible products. I believe they also deal with a lot of copyright issues and you need to create your own product. So I think with KDP, correct me if I'm wrong, Kelly, I think not everything works, right? You create your product and you kind of see how it works. And then if it doesn't work, then you got to create another one. Yeah, and then it's also Amazon Merch on Demand. So you can make money through the sale of branded products designed by you. So this is very similar to print on demand, right? You're creating your own merch, which I think is also a great business. It's just not for me. I'm just not a creative person. So here, the pros of Amazon Merch is that it's perfect for creative people. So again, if you're a creator, you do know how to do Photoshop or you know how to draw or, you know, or create your own designs, this is perfect for you. You can create your own designs, a shirt, you can sell clothes, shoes, accessories, mugs, picture frames. I'm sorry, this is a merch. You sell merch. The cons of Amazon merch though is that you gotta create your own products. It's not good if you're not creative. It's gonna be tough. You're gonna be limited, again, to your market. You can only sell clothes, shoes, accessories. And I believe you also can suffer from copyright issues because of your designs, right? And then Amazon Influencer Program, another big thing in the Amazon space right now is you get paid by shooting videos of products you bought from Amazon, so you're reviewing Amazon products. And this is great because influencer marketing is a big trend right now. This is what actually my wife does. So I do FBA, I do sell physical products. And my wife does Amazon influencer program, TikTok shops. She does a lot of tickets paid to review products. So companies pay her to do 30 second videos, marketing different products. So which I think is great too. Again, it's just not for me too because I don't consider myself creative and an influencer so I don't like the idea of shooting videos, marketing a product. I prefer to sell tangible products. So yeah, the pros of Amazon Influencer Program is you can make money without inventory. This is great because you're not carrying a lot of debt, you're not carrying a lot of inventory in your house. My wife makes money without inventory. All she has to do is shoot videos of the product, send it to the brand and she gets paid for those videos. Very minimal work. It's great. You make money by shooting videos. You don't have to sell anything. You can even make money without showing your face, which I think is great for people who are not willing to show their face on social media or online. It's scalable with effort. You can scale this with, man, I wanna say very minimal capital because you're using sweat equity, right? You're creating videos, you're not really selling anything. So you make money by using your energy instead of your money. I think it's a perfect combination with Amazon FBA. Because with Amazon FBA, we carry a lot of inventory and the products that we sell, we can actually review it for Amazon Influencer Program. So we can double dip with Amazon FBA and Amazon Influencer Program. You can get paid by selling their products and you can also get paid by reviewing their product as an Amazon Influencer. So income potential is three to five K per month. The biggest influencers that I've met are making up to 20,000 per month doing this, you know, well, not just this, but also TikTok and other platforms. But I mean, this one is also like really good. The cons of this though is that you can't scale this as much as you want to because you're tied up to your own self and effort, right? There's only one you, you can't really delegate this to another person or a VA. It's tied up to you, so it's really hard to scale this. You can't duplicate yourself because you are the only creator that can do this. I mean, there's AI now, but still can't really duplicate yourself. It's a very low leverage business because the creator needs to do all those videos. And the problem too with most people is that they're not comfortable with shooting videos, right? So not a lot of people are willing to do product reviews because of this reason. PrivateLabel is another great one. So you can create your own products and sell them on Amazon. So AMZScout is actually a great software for doing PrivateLabel. I'm gonna show you guys in a minute. And PrivateLabel is really good too because you can create your own products, which means you're dealing with less competition or no competition because you're creating your own product, right? It's your own product. So no one can really compete with you. You have full control of the product. There's no need to deal with other brands or copyright issues because it's your own product. You can buy products at a low cost, usually from China. So you can buy products from Alibaba for tens of thousands of dollars. You can put your brand on it, make it your own product or brand and get them on Amazon. And you can also sell these products on other marketplaces like TikTok, Shopify, Facebook Marketplace or if you have a local store. So the cause of private label is it's a very high risk business in my opinion because you need to create your own products. Your sales are not guaranteed. You also need to run a lot of ads and marketing, not just with Amazon, but also on other platforms. You gotta really be promoting your product. You also need to buy inventory in bulk overseas in China usually. So there's a lot of risk because you can't really start with a smaller amount. You're usually starting off with a big chunk of money and you're risking a lot of capital. I'm buying a product that's not even proven yet. So there's a lot of risk with that. But you can minimize that risk though because of AMZScout. They have a great software that you can use to study data before you buy anything. And most of these products are made in China as well. Amazon Wholesale is another great one. I think a lot of people move from arbitrage to wholesale usually because as soon as they know the game, it's very similar to wholesale and all they have to do is buy more inventory, right? So Amazon has the best model where you buy products in bulk from manufacturers, suppliers, distributors and resell them on Amazon for a profit. And then wholesale pros and cons. So with wholesale, it's good because you're working less because you're buying inventory in bulk, right? You're buying a big chunk of products, you send to Amazon and you're kind of done with it. Versus OA, you're always sourcing products every day, you're always looking for the next thing. It's a lot of work. But with wholesale, you're buying one product, a lot of it in bulk, send to Amazon and you're just done with it. You scale this business with money and less effort. You have full control of the products. You buy directly from brands, suppliers or manufacturers, which is just less of a risk because you're buying direct. You're not buying from retailers. So you do have legit, you know, supply chain documents, invoices, receipts, and you also get products cheaper because you're buying them in bulk. You also are going to get the right paperwork, like I said, because you're buying direct from suppliers and brands and manufacturers is also very scalable. The biggest story that I've seen doing wholesale is I think he's doing like 60 million a year in sales. It's very scalable. The problem with wholesale though is that you need to buy in bulk, right? I don't think a lot of people have the buying power in the beginning, especially as a new seller to go straight to wholesale because there's a minimum order quantity with wholesale meaning Most of these distributors are gonna require to buy in bulk and not in small quantities like with arbitrage, right? With arbitrage, you can go to Walmart and buy like five pieces and test it. With wholesale, there's usually a minimum of, you know, 30, 50, 100, 200 units per buy. So there's a lot of risks, especially for new sellers. And then you also need a lot more capital to maintain because again, you're buying in big portions, right? So one order can be like two, three, $5,000 per order. So it's going to be hard to maintain that if you don't have the capital as a beginner, especially. And you're also buying too much of one product versus diversifying. Meaning instead of you like going wide with products, you're going deep on one product and risking that one product. And in most cases, you also can't return the products to your suppliers because you're buying them in bulk and usually there's no need to return the products to them. You can resell it on your own, but you can't return the products to them though. So I think it's just a higher risk compared to other models. And let me pause real quick and let me just read the questions and answer some of them real quick. So what do you need to be a part of Amazon Influencer Program? You just go to their website and just apply, really. You just apply and then once you get approved, you can start reviewing products for them. Let me see. What do you mean by fake products? Good question. So there's a lot of scammers out there, unfortunately, creating fake products, like literally fake products, like fake books, fake books, fake moisturizers. I don't even know how to do this stuff, right? Like fake, like fake stuff. Just like how they create fake shoes, you know, like fake Jordans, like a lot of fake stuff are being created. And Amazon is very strict with that, of course, because they don't want their marketplace to be saturated with fake products, right? So be careful with fake products. And the way to protect yourself from this is by buying from legitimate suppliers. And you can do that by calling them, reviewing the supplier, getting a proper invoice or receipt from them. And then what is arbitrage? Arbitrage means you're buying from retailers like Walmart, Target, Home Depot, Lowe's and you're reselling them on other marketplaces like Amazon. So you're arbitraging products, you're buying it from a different source for a lower cost and you're reselling them for a higher cost on a different platform. So just buy low, sell high, but with products. Alright, um, and then with our a. So we do arbitrage. It means you're buying products from stores like Target, Home Depot. So you're buying them locally and you're reselling them on Amazon for a higher cost. So I used to do this. So as you guys can see here on the photo, I used to buy from Walmart, Chewy, Lakeshore. What is this box? So some online retailer here. So I used to buy products from stores. I have it shipped to my house or I go to the stores in person. I buy them, I pack and prep it and ship it to Amazon. So that's RA, retail arbitrage. So you're buying it from retailers and you're arbitraging it or reselling it on Amazon, right? So the pros of this, it's good because you can buy small quantities and go to Walmart and buy like five pieces of this lipstick and sell them on Amazon. You can do a small test buy. You buy a small amount of the supplement, you send it to Amazon and see how it does. If it does good, you just buy more of it. So it's very beginner friendly. You don't need a lot of capital to start because you can just buy in small increments and you can even return them, right? There's a play where you can even return to the retailers if you want to. And with this, you can also buy multiple products to lower your risk, right? Meaning instead of you buying a lot of one product, you can buy 10 different products, five pieces each and just test them. And you can also return their products if needed. I mean, it's not really recommended to do that, but you know, if you're a beginner, sometimes you just gotta do what you gotta do. And if you gotta return them for like whatever reason, you just gotta do that, right? And then the pros of, I'm sorry, the cons of RA is that you need to physically buy the products. It's very labor intensive. You got to go to the stores. You got to, you know, you got to pack and prep your stuff. You got to have storage. Um, it's very time consuming in my opinion, especially if you have kids like me, you know, I got three kids, I got two dogs, two cats. It's just going to be hard, right? To create space in my house, pack and prep boxes, you know, take them to UPS, USPS. It's just, you know, I'm not saying it doesn't work. It works for a lot of people, but. You know, if you know that you're a very busy person already and you don't have a lot of space and you have kids or other responsibilities, it's going to be hard to do this because of time, energy, space, resources. It also can be automated because it's It's physical, right? So you can't really have your virtual assistants do a lot for you because it's an offline business. And also you don't have any location freedom, meaning if you want to go on vacation, your business stops. Yeah, but just a reminder, they all work. I'm not talking bad about any of them. They all work. It's all about preference. So there's pros and cons to each model. They all work, in my opinion. It's just a matter of preference, your lifestyle, your amount of capital, your risk tolerance. Are you creative or are you not creative? Do you like going to Walmart? Do you prefer to have your store online? Do you like virtual assistants? You know what I mean? So you just gotta pick. The model that works best for you and then compare yourself to other sellers, right? He's got to do what works best for you in your life because that's all that matters really at the end, right? What works for you. But yeah, this is the exact model that I do and teach. So I do teach online arbitrage. So online arbitrage means you're buying products from online stores and you're reselling them on Amazon for a profit, right? And I do like this because it's 100% online. I can run this whole business from my laptop anywhere. It's 100% online. It's very scalable because I'm not dealing with any physical inventory. I'm buying products online. I have virtual assistants helping me with my store. If I want to scale it, I just increase my spend. I can do it from home. It gives you location and time freedom, which I do value. Especially after my sister passed away. I do like to be working from home. I want to be home so I can pick up my kids, take them to school, take them to their place. I'm actually going to my daughter's play after this call, which I'm looking forward to. You can also automate this model using virtual assistants. I like to leverage virtual assistants because I do pay them about $5 per hour. They're in the Philippines, which is my hometown also. So I'm helping them get jobs. They help me with my business. We're getting a high salary and they can help me automate my business and buy back my time. You can also do a test buy before going deep on any product. So I usually buy like five to 10 pieces of one product. I test it out, I send it to Amazon. If it does good, I buy more of it. If it doesn't, I leave it there and it usually sells out. And with this model, you don't really need a lot of capital to start. You start with a few hundred dollars and you can work your way up. The cons of this model though, hold on, let me see. So Madeline has a question about VAs. So what do you use the VAs for the most part? So product research is their main job. Looking for products for me using AMZScout. So they do use that software. They look for products for me. It's a really great combination, right? AMZScout is a great software. My VAs use it to look for products. They send me their products on a spreadsheet. And I do have another VA buying for me too, which you don't need right away. You can work your way up to that. But you know, for new sellers like you guys. Man, like the VA is looking for products for you guys using AMZScout is already like a big, big value for you because a full-time VA working eight hours a day, I mean, that's like 40 hours a week. It means you just bought back 40 hours of your life, right? By hiring a full-time VA. But yeah, the cons of online arbitrage though is that you're reselling other brands, it's not yours. So you can be hit with brand complaining about you selling their products. It's not your product, so you really have no control over it. So brands can complain about you selling their products. You need manpower to scale. But the good thing though is that you can, again, leverage virtual assistants, right? Instead of physical employees. And then you need to buy a lot of different products to scale. That's a problem with this too because we're doing a lot of test buy, right? So every day the VAs are looking for products or you're looking for products consistently because we're buying a lot of products in small increments. So it's a lot of work. So you need to buy a lot of different products to scale. Great. So again, you're not all perfect, right? So we'll say it's great because you're buying bulk, but then there's more risk. But then again, always great too, because you're risking less, but then you're working more, right? So you just gotta like find your balance and see what works for you. And yeah, this is my three-step online arbitrage process. So step one, you buy from your online supplier, Walmart, Target, Home Depot, Lowe's, Chewy.com and other smaller online retailers. You buy from their website. You ship it to your prep center, which is usually tax-free too. So I use a tax-free prep center. So by using a tax-free prep center, you also save about 8, 10% on your sales tax, which I think is a big, big chunk of money, right? So you're sending it to their prep center, you're saving under 8-10% on your margins because you're shipping it to a tax-free prep center. They pack and prep it for you. And then from there, they ship it to Amazon. And then once Amazon receives their products, Amazon does all the selling for you, all the marketing for you, all the fulfillment, shipping, handling, storage, customer service, handling the employees, the trucks. So I really love this model because All I'm really doing is I'm looking for products that are great using AMZScout, leveraging my VAs, right? And then I'm buying the ones that I like and I'm shipping it to Amazon. So I'm technically Amazon's, I guess, like product supplier or provider, right? And then they do all the heavy lifting for me. I just love this model. So yeah, here's the third-party prep center. So I do have a prep center that I work with in New Hampshire, a tax-free state and also Oregon. So these are tax-free third-party companies that store, pack and prep products for Amazon sellers. So they pack and prep Amazon products for you guys and they ship it to Amazon. I also believe that a lot of them or some of them do FBM. I think they're very limited as far as FBM, but you can ship your FBM products to their warehouse. And then once you get orders, you're going to have them ship your products to your FBM customers. So that's another play if you guys do FBM. So I do like the strategy because I don't touch their products. The prep center does all the packing and prepping for me, shipping. If you guys don't know, packing and prepping takes a lot of time. It's like having another job. I used to do it myself in the past. Yeah, it's just a lot, right? To receive inventory to your house, carry them to your garage, pack and prep it, put them in one box, put them in your car, go to UPS. So it's a lot of moving parts and it's all tied up to you. So I do like this strategy because I don't even test your product. Everything is online. I don't really see any of their products. And then again, my prep centers are also tax-free, which means I'm saving another eight to 10% on sales tax. And then from there, I ship it to Amazon and Amazon does all the heavy lifting, fulfilling orders, selling to customers, handling returns. You can do it from anywhere, anywhere meaning your house, you can be in Hawaii, you can be in Asia. You can be anywhere. You can be in South America. You can also be, if you're a parent, you can be at your kid's soccer game. You know what I mean? You can be on vacation. You can be anywhere. You can be at your lunch break at work. You can be in the car. So it gives you a lot of time, right? Especially if you're a busy person, especially for people working nine to fives, right? I mean, if you can only run this business during your lunch break, then it is what it is. At least you can do it from your car or your workplace, right? Some people that I teach, they actually work night shift and they run their business at their jobs during night shift period. So, yeah. So, you know, it just gives you a lot of freedom to do it from anywhere. And then you can also do this. And like one to two hours per day, because once you have your systems in place, you don't really need a lot of time to do it. A lot of your work goes into buying and honestly buying five products should not take you more than 30 minutes, right? Once you find the product that you like, you look at the data using AMZScout. I mean, it shouldn't take you more than 30 minutes to buy products. But to be conservative, you really only need an hour or two a day. So it's perfect for busy people. A lot of us are busy with our jobs, other businesses, kids. You know, like most people are just busy. So it's not going to work if it's not, if it's very time consuming. So I do like this model because you can do it in like one, two hours a day. You can also automate this business using virtual assistants, like I said, and it's scalable using capital. So there's a lot of people that know how to leverage loans, credit cards, personal lines of credits, business line, So there's a lot of people who have a lot of credit cards. You can scale this business with capital and less effort, right? So people with a lot of money, they can scale this business quicker with capital instead of working a lot. It's a perfect side hustle too for busy people, people with jobs, people that are business owners who are looking for another side hustle, right? Perfect for busy parents like me, or like you guys, or busy people, busy single people, you know what I mean? People that are looking for side hustles with very limited time, which I think most people are very limited with their time, right? And people that are looking to get rid of their second or third jobs, people that are looking to get rid of their other businesses or I think just have, you know, like more freedom. And here's some examples of products, right, that you can sell. So for example, this one is a Target product for 9.29 and the same product is on Amazon for about $19.49, right? So it's a $10 difference. You buy it from Target for 9.29 and you can resell this on Amazon for 19.99, 20 bucks. And then this other product, It is about $24.49 from Target, I think. Is it Target? Yeah, Target. And the same products on Amazon for $44.99. So $20 difference. And then this product is from Sam's Club, another good supplier for doing arbitrage. $11.34 from Sam's Club and $25.99 from Amazon. Yeah, and there's other ways to make money with a strategy too, right, that you can't really do with wholesale. So you can leverage cashback websites like Rakuten, TopCashback, right. So like Rakuten usually gives another, you know, 2-3% cashback on your purchases. And when you do have promos, they usually give like 10-20%. Cashback, so you can also make money from cashback websites. If you guys are using credit cards, you can accumulate a lot of credit card points because you're buying inventory frequently, right? So you guys can get free travel points. A lot of people in my group I do travel a lot using TravelPoints. So if you guys like to travel, this is great because you guys can leverage your credit cards to buy the inventory and you guys are getting a lot of TravelPoints because of your business. And then when you want to take a break, you can just go to different places using your TravelPoints. And the software that I use is Amazon Scout. Great software. They cater to sellers who does private label, wholesale, arbitrage, OA, RA. Great software. So Amazon's got tools, I mean I do love this software. I do love it a lot. They have a pro AI extension, a product database. They have a lot of great products that they provide to sellers. They do help dropshippers, people who do arbitrage like me. Wholesale, they do have a great extension which I'm going to show you guys later. They have a lot of stats, graphs that shows you a lot of information that you can use before you buy anything. Really, really good. So, AMZScout's Pro AI extension is really amazing. As you guys can see here, they give a lot of data. They leverage AI, which is very, very good because AI is up and coming right now. And AI just saves you a lot of time, right? It gives you a lot of good data. It saves you a lot of time. And AI is also up and coming. So, I'm sure AMZScout is still working on their AI stuff. And they're gonna continue to improve it. So you can get a lot of inside look at trends, sales volume, competition, different niches, which ones to avoid, FBA cost, profit margins. So they give you a lot of data. And then AI also gives you answers to your questions, right? It's giving you the answer to your, Problems per se, right? So for example, this one. It's telling you that, hey, this product is a likely to succeed product. The profit is really high. Demand is medium, which is what you want, right? And competition is medium. It gives you a breakdown of more data. Like, hey, this niche is not saturated. There's very low quality of listings here, very few Amazon sellers, very low brand competition, very few reviews. So you can look at this. And say, hey, okay, AI is going to hand you like all these data. Which saves you a lot of time. So instead of you like analyzing all this data, it gives you like a breakdown for every single product, right? Which saves you a lot of time because you go through a lot of products, hundreds of products. So if AI is gonna give you a lot of data in front of you easily, it just helps a lot. So AMZScout's AI extension is really amazing. They have this for wholesale, private label and arbitrage, which is great. So this is their pro AI extension for reselling. I love this too because it gives you an answer, right? So, okay, is this product good for reselling? Yes or no? On a scale of one to 10, this product is only a four. So you don't really like want to mess with products that are only a four and it gives you like, The reasoning too, right? So this product is saying that, okay, well, this is a four because this has low sales. Even if you went to Barbox regularly, you will not have many sales with this product. You don't wanna be selling products that are not moving, right? So instead of you analyzing it yourself, AMZScout's AI extension is giving you a breakdown of its review and it gives you answers to your questions, right? And then here on the other side, it's also showing you, hey, this product, That's a score of a 10 out of 10. It's perfect for reselling. Very low competition. There's only a few sellers on this product. It has a good price. You could get a lot of sales. However, be aware that if a few sellers are on the listing, it could be hard to source this product. So it gives you a lot of data. This has a lot of sales, for example. It gives you the answers to your questions, right? So instead of you analyzing it yourself, which I think is hard for beginners to do, AMZScout's extension is giving you a full breakdown of the product. And then here, there's more data here. I mean, they show you guys a lot of data. So AMZScout's AI product insights. So it gives you the strength and weaknesses, opportunities and threats for each product, which is amazing, right? And then also AI gives you how we can improve the product, right? So it gives you a hypothesis for enhancing a product using real So here it gives you the strengths and weaknesses right there. And then it gives you tips on how to improve this product, right? And also give you a lot of data like monthly sales estimates, product profit calculator, review numbers, rating numbers, FAA fees, listing quality analysis, main product keywords, VASR history, lowest seller price information. So it gives you a lot of data and information. Yeah, so AMZScout extension, it gives you a lot of affordable and trustworthy suppliers based in the US with ease, right? So as you guys can see here, you guys can click the supplier country. So right there, you can click China or USA usually. And then it gives you a list of products that you can sell. And it also gives you a lot of data like the price, MOQ. So instead of you scraping the internet, you can use AMZScout's extension. And in a few clicks, you can have a lot of suppliers in front of you. And then I also like their Add to Favorites feature right there. Because you guys can click on this feature and then create a database of great suppliers and products. Right? So instead of you using spreadsheets, you know, everything is on here. And if you click add to favorites, you create a database of products. And then from there, you go through your favorite list, and then pick the ones that you like. No spreadsheets, no hassle, everything is on your software. And then here, Amazon's product database. So man, it gives you a lot of products. 600 million of products, right? And database. Again, everything is on here. You don't have to go online and create different websites. You can pick products from appliances, groceries, Kindle store for KDP sellers, books. Padding and furniture. So it gives you a lot of products based on your criterias. So for example, if you're a KDP seller, you guys can click here on your Kindle store. It's going to show you a lot of different KDP products. And for example, if you're a BAB product seller, you guys can click here under BAB products, right? Include keywords, add your price that you like. And then you click find products. It's going to shoot out a lot of different products based on your criteria. So it saves you a lot of time. Again, no spreadsheets needed. Everything is going to be on his software. So very, very organized and very... Everything's in one place. And then this one is AMZScout's dropshipping, arbitrage and wholesale extension. I do love this too because it gives me a lot of data when I'm doing the product research for my arbitrage products. So here, You guys can see how many sellers are on the listing, if Amazon's on the listing, the profit margins, important ones, the ROI, the fees, the size, because you need to know, right? Like how heavy is the product? What's the size? So instead of you like going through the whole supplier website, you can just see it here under one page. It's just a lot easier. And then if you guys like looking at graphs, you also have nice graphs. So here, for example, the pink line here, it shows you the FBA, like minimum price. So it kind of shows you the price fluctuation of the product. And then if you're an FBM seller, the orange line right there, it shows you the FBM minimum price, shows you the fluctuation of the FBM price of the product. Yeah, it's just really good. I do like looking at both. So I like looking at numbers like this and then graphs. So I usually look at I usually look at the ROI. I like my ROI to be at least 20% right there and then I look at the net profit too. I like to make at least like $3 to $5 per sale. I look at this data. I look at the sales per month and then I jump on AMZScout's graphs. I look at the graphs, I look at the price fluctuation because I wanna see if the product price is fluctuating too much or not, right? If it's fluctuating too much, I don't wanna buy it because it's just too choppy for me. I like to buy products that are stable in price, are profitable. And AMZScout's extension gives me all of this in one page, which I like. And then AMZScout also provides the stock count. So for example here, right? It gives you the seller name. So Amazon's on the listing here. Brands Walk is here. So it gives you a list of other sellers on the listing. How much are they pricing their products at? How much do they have in inventory? So on this page, you guys can see your competition, right? Like how many people are on the listing? How are they pricing their product? Are they undercutting other sellers? How many do they have in stock? Is it FBA, is it FBM? Like how are their reviews of these sellers? So it gives you like a lot of data of your competition, which you also need because you wanna be buying products that are selling a lot with very low competition, right? And I think this is great because, let me go back here, because you can use these to look at your data, right? To see if their product is profitable. Look at the ROI, look at the graphs, and then from there, you can look at your competition to see, hey, the product is profitable, I like the price, it's not choppy, but now I wanna see the competition. If the ratio between the sales per month and the competition is good, then I can do that by looking at this page. All right, live examples. So let me share some examples to you guys. Second. How are you guys doing in the chat, by the way? You guys liking it? Let's see in the chat. If you guys are liking the presentation, type one in the chat. Let's see it. You guys enjoying it? Am I boring you guys? Is this good? All right. So Joy said yes. Jessica said yes, sir. Appreciate you guys. Good information. Okay. Love it. All right. So can you guys see my screen right now? I just want to make sure. Alright, so here's some live examples of the software. So, you guys can go on your Amazon product page, right, main page, and then I would type, you know, let's say you like sun supplements, right? I would type supplements here. And then from here, AMZScout is going to show up on your page, which I love, and it's going to give you a lot of data on this page. Yeah, it's still loading here. But yeah, so it's going to show up here in a second. And then what I like to do is I like to click on Run Analysis right here. And then it's giving you a lot of data on the monthly revenue of this keyword, monthly sales per month. The BSR, average price, and then here it gives you a lot of reviews too, right? So right there. And then I do love this feature because it's very easy to look for products for arbitrage. So it's good for private label and wholesale, but I do arbitrage and I do like this feature because I can just scroll down here. And I can see data for every single supplement in one page. You guys got it? So instead of me clicking around, I can just view my product research here on one page, scroll down. And then I can look at different data points that I like, right? So if I'm doing product research, I do prefer to stay away from private label products, right? So I'm doing arbitrage. So here, if I see that there's only one FBA seller, I usually stay away from it because it's most likely a private label product. So let's scroll down. So skip, skip, skip. And then here, there's two or three sellers here, right? So instead of me clicking around, I can just do my product research here on this one page and then pick the ones that I like that fit my business model, right? So this product has one FBA seller and nine FBM sellers, which means they're most likely doing arbitrage like me, right? Same with this one. This one has three sellers so they're probably doing arbitrage like me. So I can like click on these two products and look at the data even deeper. Yeah so here one FBA seller so skip, skip, skip, skip, skip. So I would just focus on the ones that I would possibly sell. So I would go back to this one product here. And again, instead of me clicking around, it gives me the data here. So AMZScout does a great job showing you data on one page and saving you all the hassle of clicking around, right? So this product, it gives me the ASIN, it gives me the brand name, it gives me the sales per month right here. It gives me the number of sellers. It gives me the margin. It gives me the listing quality, which doesn't really apply for me, honestly. And then it gives me the size of the package. It gives me the weight. And then if I wanna go deeper, I'll show you guys some examples of some products, right? I can click on the product and I can do a deeper analysis on it, right? So for example, this product, I usually take the supplier's price and then I use AMZScout's calculator here. I plug in the cost here, which is $49.99 right there. And then from there, the software does a great job of giving me all the data points that I need, right? So it gives me the buy box price, the minimum price, the fees, the net profit, profit margin, ROI. So I usually look, I usually look at the ROI. So I like my ROI to be at least 20%. So this is good. It gives me 44%. And then here, if you're selling arbitrage, you also should not sell private labor products. So it shows you here, it shows you if it's Hazmat, it shows you if it's delivering Prime, gives you the ASIN, the UPC, the product rank, the monthly sales. If you're doing a private label, you can even click on the supplier here from Alibaba and then you can even click here too if you want to see more data and graphs, right? So right there. So again, I usually look at numbers and I look at the graphs. So I usually look at The FBA minimum price because I'm selling FBA. So this one is going to be the purple pink line right there. I just want to see the product is selling at a good price, right? Meaning it's not going to tank on me. So it seems like it's selling at a very stable price. It dropped here a little bit. It's pretty stable here. And then here it dipped a little bit, but then it went back up again, up here. And then I can even zoom out if I want. I can zoom out to like six months. I can zoom out to one year if I want to. So I usually like to zoom out too because some products you can sell all year long. So if you can see that the product is good all year long, then you keep buying it, right? And yeah, AMZScout does a great job of showing all this data to you. That way there's no guessing, right? Before you buy the product. You guys get a one year Data on the product six months three months even two years one month if you want to I want to get the most recent data And then here You need to run an analysis here, too It gives you the monthly revenue of this product, gives you the BSR, monthly sales, the rating of their product which is important because you don't want to be selling crappy products. Listing quality of their product and then here it gives you the product score for private label and reselling which I like. So this product seems to be a bad product for reselling. It says zero right there. You guys see that? So this is the AI feature of the product. I love it. So here it's saying this product would not be appropriate for dropshipping or online arbitrage because the label only sells this product itself. So this one you can't sell as arbitrage because it's a private label product, right? Then here I usually click on the AI Product Analysis 2. So it's like having your own personal assistant right there. So I click on it. And then it gives me a breakdown of why I should buy or not buy the product. Yeah, just give it a second. Yeah, it saves you a lot of time because it gives you a breakdown of different reasons why you should buy the product or not buy the product. And then once you get your data here, you can even use the Cognitive Clipboard if you guys wanna create like your own report. So here. Unknown Speaker: Sorry, one second. Speaker 1: Yes. Yeah, right there. So product improvement tip, it gives you a whole breakdown of how we can improve the product. So tips for improvement, introduce a smaller trial size option. So offering a smaller trial size is going to attract customers or residents to commit a higher priced product. So basically AI is saying that you should have a trial size for this product because Buyers are not willing to buy a high-priced product, right? So it's giving you like reports on what you should do as a seller. And then here it says this option could appeal to beauty enthusiasts looking to experiment with new products without the risk of a significant financial commitment, okay? A trial size can act as a gateway for new customers who may buy the full size upon A Satisfying Experience. So AI here is giving you a breakdown as to what you should do to improve your sales, right? And then here it gives you a lot of metrics too. It gives you a report on your conversion rate, your sales. So for example, with sales, it says increased conversion rate from offering a trial size could lead to a boost in overall sales. Estimated increase in 10 to 15%, right? So it gives you a full report on what you should do to improve your business. I think, I mean, I love that feature. You guys agree? So instead of you like going to Google, you know what I mean? And looking up, you know, like different reports, it just gives it to you right here. So let's see in the chat, do you guys like that feature right there? How do you guys feel about the AI of AMZScout? Do you guys like it? Unknown Speaker: All right, let's see. Speaker 1: Yeah, pretty cool, I love it. So Joy said, pretty cool. Sina said, yes. Michael said, good feature. Yeah, AI, I know there's a lot of stigma with AI, but if you use AI the right way, it helps you a lot with your life and business, right? As you guys saw right now, so. All right, more features. Yeah, there's a lot of features here that I can show you guys. Here it also shows you, right? Like more data, more data here. So it gives you why the product is good. It gives you the strength of the product and it gives you the weaknesses, right? So for this example, it's saying the high net margin is approximately 6%, so it's a highly profitable product. This one is saying, This product has a strong sales performance with 3,000 units sold and estimated revenue of eight. So in short, the AI feature is giving you a report on why that product is good, right? Like why that product is good, why that product is bad, like what you can do to create more opportunity for yourself and then what are the risks of having this product. So man, this is amazing. So if you're doing your own research, it gives you a full breakdown and then you even have this feature right here to copy the clipboard. If you have business partners, if you have VAs, you can copy this whole report here, paste it on their chat or WhatsApp or Slack or whatever and send it to them. And from there, you guys can have a meeting and you guys can just discuss this as a group, right? There's just a lot of views for this feature. And then here, you can even, man, this is a lot of features. It's amazing. Here's another feature. You guys can look at different products right here. So different supplements, right? Right there, it gives you the keyword, supplements. You search it. Instead of you going and doing your research like this, You can do your research like this. Unknown Speaker: Right. Speaker 1: Some people prefer it with photos. Some people prefer it like this. Some people, um, I like both, but this one is great too, because you guys can see their product here. It gives you the brand. It gives you the category, gives you a score. And this is the one that I like the most. If you're a reseller like me, you can click here. And it's gonna give you a list of products with a 10 score for reselling, right? So instead of you manually looking through each product, the AI feature is giving you a list of different products that are most likely gonna sell for you as a reseller right there. And then if you're a private label seller, you can click here, And now you have the list of private label products that have a score of at least eight. Right? So instead of you going through hundreds of products, you can just minimize your search and only look at products that, you know, have a good score, right? Gives you the sales rank. Sorry, let me go back to the reselling, good ones for reselling right there. So I usually click here and then I pick the ones that are good for reselling. It gives me the sales rank. So good for reselling, high sales rank. And then from here I can see the sales volume here. So this one for example has 800,000 sales. Really good, 28,000 sales per month. Gives me the price, gives me the fees. It gives me the dates here, number of reviews, which is also very important, 11,000 reviews. And then it also gives me the number of sellers on his listing, right? Because you need to be looking at a product with a lot of sales. So high, high score for reselling, a lot of sales per month, and then a product with low competition, right? There. Are you guys tracking with me in the chat? Can you show us how you find the supplier once you found the product? Okay, so once you find the product, all you really have to do is, let me click here. You have to do a reverse search on the product. Meaning, you have to go to Google, basically. So here, let me show you guys some examples of the ones that I found already. To make it easier. So for example, this one, right? So this one right here, let's say you found this one, right? So I would take the name of their product. I would just do a reverse search on Google. And then it's gonna show you here. And then once you find the exact product, then you run the numbers. So. All right, let me go back to my slides real quick. So yeah, those are the live examples. Data points, so a lot of you guys are beginners, so the main data points that I like to look at is sales per month versus number of sellers, right? To keep it simple, you need to be looking at products with a high sales per month, meaning their products sell. And then it also has a low number of sellers, right, supply and demand. And then I look at ROI, meaning I only like to sell products that give me at least a 20% ROI after all the fees. And then the supply and demand, right, meaning the product needs to sell good, the product needs to have low competition and the product needs to be profitable. So I know you guys can be lost in all these like data points, but really if you guys focus on these three, you guys are gonna find great products. And then how do you guys mitigate your risk with Amazon? So you guys take calculated risk, right? Spread your capital into six months. Don't treat Amazon like a casino just because you found good products doesn't mean you guys just, you know, like swipe your card and buy a lot of it. There's a certain way of like buying products. You gotta be conservative. You gotta learn Amazon and try to diversify right away. Learn other platforms like Walmart, how to influence your program as soon as you guys get comfortable with Amazon. Also spread your capital across different platforms and other income streams, right? So, you know, just play it safe. Like once you learn Amazon, You know, you can diversify later on. And then how do they diversify? You can learn Amazon first, automate your business using your virtual assistants. You can learn other platforms like Walmart, Amazon Influencer Program, TikTok. And again, spread your capital across different platforms.