Why the Replens Model Works for New Amazon Sellers

Why the Replens Model Works for New Amazon Sellers Speaker 1: Welcome my friends. Thanks for joining me this evening. It's a huge honor to be here as the guest of our host AMZScout. My name is Jim Cockrum. I'll talk a little bit more about what I'm bringing to the game tonight here in just a moment, but a sincere warm welcome. If you're listening to this, even the recording later, but if you're with me live tonight, that's phenomenal. Thanks for making some time to hang out with us. I guarantee if you hang out with me for the next half hour, hour or so, I'm going to teach you some things about selling on Amazon that you've never seen before that you can go put to work right now and start making some money. That's the goal. I want to make this very worth your time. But a couple other issues before we dive into the great content that I have for you tonight. I consider you a business building warrior. I consider myself a business building warrior. We live in uncertain times. We live in times of great changes and things swinging back and forth and uncertainty about business online and off. I want to attempt tonight to get us very focused on one specific topic, however, and that is What's the best opportunity right now with everything that's on the horizon, all the things going on in the world, even these supply chain problems and these delivery issues that we're all seeing? Where is the true opportunity? And the good news is, one of the things I have that's good news is that this is something I've talked to thousands of people, my team and I. I've got a team of about 100 people. 30 of them are coaches. The rest are content creators. And leaders in our community of about 70,000 people around the world that use Amazon to make a living all day every day. Again, around the world, making a living on Amazon, most of them selling on .com. I'm going to focus on that today because it doesn't matter where you live, you can sell on the us.com and I'm going to tell you a strategy that works. And keep in mind, no matter where you are, you can do this. It doesn't have to be products that's delivered to your house and then shipped to the United States. You can buy and sell within the U.S. So I wanted to make sure to make a very warm welcome to those of you who live outside the U.S. This is for you guys tonight as well. Who am I? A little bit about me. I like to keep this part very short. It's not a bio of me. It's what I can do for you that matters, okay? So let's keep this short. I've sold millions of dollars online. It's been the only source of income for my family and I. I've got five kids, my wife. I'll show you a picture in a second. 20 years, that's been our sole source of income full time coming up on 20 years. I use the internet creatively to launch and grow income streams and I teach other people how to do it. That's it. My wife is a stay-at-home mom. We homeschool our kids, three of whom are international adoptions. I told you about one. My family works in the business. I got kids in the business, my aunt, my mom. When family or old friends approach me and say, Hey, I want to start making money online like you. I'm nervous about where my job is at. I'm nervous about this company I work for. I just, I think I might get laid off or I need an extra income stream. I have friends who come to me and say these things. What do I show them? What do I teach them? I show them and teach them what I'm about to show and teach you right now. This is it. They could, I would say, Hey, come join this presentation. I'm going to show you exactly what it is. I think you should be doing this. I consider this the lowest hanging fruit opportunity in eCommerce right now. There's many opportunities in eCommerce, but this is the lowest hanging fruit where you can have a very low level of skill. You can have a very low level of financial backing, very low level of education. It just doesn't require any kind of new technical strain, no new skills to learn. It's very low hanging fruit. It's called Amazon Replens. We'll jump into it in a minute, but I just wanted to show you a quick picture of my family. This is just a couple of weeks ago. So you got some girlfriends in the back row along with my three sons. There's my oldest from Russia. We were blessed to be able to adopt from Guatemala. That's our little girl, our only little girl, Avon. Our son Ty, he's actually from China. I got to visit Hong Kong with him not too long ago and do a presentation in front of some Amazon sellers. It was total blast. This is me. I'm Jim, the one riding the cow. I'm very brave as you can tell. And that's my beautiful wife of 27 years, Andrea. And we are just super blessed and I'm honored to be here hanging out with you guys tonight. Like I said, girlfriends in the back row. One of them is about to get married right here. Those two about to get hitched here in a few weeks. So pretty exciting times for our family. But let's keep it rolling now that you kind of know a little bit who it is you're talking to tonight. I consider there to be about four basic models of selling on Amazon. Now, some people would say, oh, there's more models than that. And I'm not looking to debate here, but if we broke it down into its four general categories, There's four. There's one you've probably heard a whole lot about and another one that you're probably a couple too, maybe you're somewhat familiar with, but there's a third you may not have heard of before and I'm going to teach it to you the way, again, I've taught thousands of people with hundreds of recent success stories. Okay. Those four models are on your screen right now. Private label, wholesale, replens and the traditional RAOA, retail arbitrage, online arbitrage, buying stuff off of Store shelves near you, you know, flipping it, the old scanning barcodes kind of thing. That's not what we're going to be talking about tonight. Replens is different from that. Although it does involve some retail opportunities, it's very different from the basic scanning barcodes looking for stuff to sell. But I will say this, in defense of the RAOA model, we have plenty of people in our community and maybe you know people as well who are doing extremely well with just that model. It's very simple. But the thing I like about Replens, if we go one step up, if you notice, I kind of stacked these and I've stacked them in the order of how difficult I think they are, the skill set required to achieve the highest level of results with each one. RAOA, it's just a matter of getting the Amazon app on your phone and scanning barcodes and sometimes you find some good stuff and sometimes you don't. Sometimes you spend all day looking for good deals and sometimes you get nothing. Other days you come home and you got $1,000 worth of stuff you can sell that's going to sell very well. You just never know. So Replens is a step up from that. And I'll show you why that is here as we get into our training tonight. Now, if you were to go on YouTube right now and you were to type in, I want to learn to sell on Amazon, what you're going to find is about 90% of the content has to do with private label, launching your own brand, finding that perfect product and bringing, I like to call it sometimes bringing that new better mousetrap to the world and launching your own product out there. Now, we teach that. We teach it with excellence, but that's not what we're going to focus on tonight. But just so you know that we do know what we're talking about in that arena, if you were to go on Amazon right now and type in the word coffee, The generic term coffee on amazon.com, Amazon US, one of the top five to 10 results any given day is going to be a brand called Death Wish Coffee. That's one of our students. We helped him do that. We understand private label branding. We understand launching a brand new brand that the world has never heard of before. We're good at it, but here's the big caveat. Here's the big warning I have for you. If you're new to succeeding on Amazon, Your odds of failure with private label are off the charts. I would say it's 90 to 95% chance you will fail. I've heard from literally hundreds of people. Who have product in their garage because they went to YouTube and they said, I want to learn to sell on Amazon. And they bought a course for between four and $8,000 with some guru and expert and shiny software that costs a whole bunch of money every month. And they wound up with a bunch of stuff in their garage eight, nine months later that just won't sell. And they're trying all the pay-per-click tricks and all the keyword tricks and all the other marketing strategies that are in the end of this expensive course. And it's just not working for them. That's why we start our new students out with the Replens Model right here. That's why I've got it highlighted. The vast majority of our students, unless they're making significant money already on Amazon, This is where we start them and the training I'm going to go through tonight is going to show you exactly how this works to the point where you could go start trying to do it yourself. I'm not going to hold anything back. I'm going to show you as much as I can with the demonstration tools that I have in front of me, how you can go begin doing this and prove for yourself that it works. I'm actually going to jump on amazon.com and show you several examples that I found very easily myself and show you the skillset that you'll need in order to start finding these opportunities yourself. Wholesale, we're very excited about that as well. We quickly transition people from Replens into Wholesale in our community once they understand the basics because then you're just ordering in larger, slightly larger quantities at a slightly better price. But we have examples, and I'll show you these people in just a minute, hundreds of them, the people who build just Replens Model businesses on Amazon. And I'll tell you what a Replen is in a minute for those of you who are wondering. I'm sure there's several wondering. Replens Models who have seven figure businesses, multiple seven figure businesses in some cases, just selling replens. So we'll get into what that is. Hey, I've got a podcast episode number 391 at silentjim.com. You can see it right here on my little banner if you can read it. That's where our podcast is completely free. I think you'll really enjoy it. It's dozens of success stories for people in our community. The vast majority of the episodes are about the Replens Model for the past couple of years because we're so excited about it. And the opportunity is actually expanding right now because of the times that we find ourselves in. So let's keep it going. Some things about me just to kind of hopefully validate credibility wise that I am who you should be listening to on this topic. We've helped multiple people start making money with less than $1,000. You don't need a lot of money and you're going to see from the offer we have tonight. You just don't. If you've got around $1,000, you're going to be able to get everything you need, including the courses, the training, the tools and the inventory to start putting money in the bank. We've seen people do it for even less than that actually. So you can start earning money quickly. That's the other thing too that we love about this model. If you go down the private label route, you're going to run into a whole lot of people. That have taken eight, nine months or maybe a year or more to start hopefully making a profit with these products and these ideas. Not so here. We're talking just a few weeks. We have people excitedly, as you can see, I'll show you our Facebook group. It's a free Facebook group, by the way, with about 70,000 people in it. That's where these success stories and exciting pictures of results are being posted literally every day. Within the first few weeks, in many cases, they're showing their first shipments going in and they're showing money being made. So we start you out earning money. Instead of spending money, that's a good way to think of us. When you think of SilentJim.com, the guy you met tonight, think of he's the guy that teaches Amazon so that you start earning money before you start spending money. That's what we do. It takes a little bit of investment. Yes, you got to buy some inventory. You got to get trained on how to do this. You're going to need a couple tools. None of it's ridiculously expensive and you can start putting money in the bank and then you can move on and do some of these other models if you'd like. No reason you have to stick with just Replens, but Replens puts money in the bank fast. I've made my point. Okay. I've talked to you a little bit about the Facebook group. There'll be a link at silentjim.com. It's a link. You can go right into this Facebook group. This is what the banner looks like now that you've seen it. That's our most recent conference from a few months ago. And guess what? Because you were here tonight, One of the cool bonuses we have for you, I forgot to mention this early on, is I'm going to give you the 30 videos that we charge $400 for. These people all paid around a couple thousand dollars a piece to be at this event, by the way. Travel, registration, right? Hotel. They paid a couple grand to be there just a few months ago. This is the cutting edge Amazon content from our leadership team, from the best students in our community. 30 videos. You're going to get those for free tonight, just for showing up. That's a pretty cool bonus. But here's our Facebook group. As you can see about 67,000 members. And I'm just going to tell you when you get to that group, the first thing you want to do, we've got a great welcome video. We've got some other content who needs another Facebook group in their life, right? Well, no one has this. You won't find any other Amazon seller community in the world that has what I'm about to show you. So check this out. You click on topics when you get there. And you go to the topics called recent success or coaching success, right? We got about 900 and it's small print. I got my glasses on 976. Now that's a few days old. We're coming up on a thousand recent success stories from our courses, which is what you're going to get access to tonight. And our coaching students over a hundred recent success stories. You can scroll through them. If you click on this hashtag, you can scroll through page after page. You can do that for the next eight hours if you want to validate what I'm teaching you actually works. Okay. I just grabbed two random screenshots, one with some small numbers, one with some big numbers. You're going to scroll through hundreds of stories that look like this if you want to. Don't go do it now because you're going to miss the content. Okay. But make a note, silentjim.com. If you're writing anything down on paper or taking a note, that's the only thing you're going to need to write down until we get to the end. We got an offer for you too. You want to not make note of that, but there's no need to take notes right now. You're going to get this whole recording anyway. So again, why do we talk so much about Replens? Podcast episode 391, I talk about why I go into that slide I showed you with the four models, why we talk so much about the Replen model. I told you a little bit, but in the interest of time, I want to keep moving. If you want more detail on why we fully believe and have proof that it's the superior model for new sellers, go listen to that episode. Okay, so what is a replen? Finally, I've used this word, what, 15, 20 times now and I haven't told you what it is. What's a replen, Jim? Before I answer that question, you guys can all read, of course, obviously. Just so you know, I'm doing my best to keep an eye on the questions popping in here, but they have a team as well at AMZScout and they're going to be doing it as well. Towards the end, I'll stick around as best I can, but I just want to say a quick hi to Tony, Arnita, Brandon in Pittsburgh. Awesome. Probably a Steelers fan, right? I'm a Cowboys fan from back in the day. Talking football. Jeff, no, you haven't missed much. And plus, Jeff said, I hope I didn't miss much. I just joined. No, buddy, you'll get the recording as well, okay? So just relax and sit back, enjoy. And we'll have some Q&A time at the end. Hopefully I'm coming through loud and clear. I've only seen one person complaining about the volume, but I'll try to speak more directly into my mic. I think we're pretty much at a solid volume there. So appreciate you guys saying, Hey, as you show up, I'm going to focus back on the presentation. So what is a replen? A replen is any item that you can easily source. Typically it's retail sourced. Right now near you, if there's a store that has shelves and barcodes, There's probably Replens in there. Now, what's the difference between a Replen and retail arbitrage? Well, the difference is the way we study that product before we buy it. We're not just looking at the price. We're looking at how consistently is it selling on Amazon? At what price is it selling on Amazon? How many times per month is it selling on Amazon? We want to go after products that we can buy at full retail. I'm going to repeat that because it's important. Full Retail. Paying full retail price, but it's selling on Amazon for two, three, four or five times more than it is sitting on the shelf at your store. And you're probably saying, Jim, that doesn't make sense. How many products there possibly be that are selling for that much more on Amazon than they are a retail store? And I would say you probably haven't spent much time scrolling on amazon.com lately because in the United States, let's just make sure everybody's on the same page here with how big Amazon is in the United States. I probably should have had a graph for this, but you guys have good imaginations. Let's make a pie chart now, right? And let's cut it in half. Pie chart, cut it in half. Half of all transactions on the internet any given day are happening on Amazon.com in the United States. Did you know that? Half of all transactions. Everybody else shares the other half of the pie. eBay, Etsy, all those Shopify sites, and they're all sharing, Walmart, all those other, they're all sharing the other half of the pie. Be with me. That's where all the activity is. And what are those people doing? Well, they've got their prime accounts and they're shopping for convenience. They're not necessarily price sensitive. Some of them are, of course, but a lot of them aren't price sensitive. Which means they're shopping just because they want it a couple hours from now on their front steps. They're not looking, comparing the price to Walmart and all these other stores. They just want to get it quickly. They want it on their front steps. That creates opportunity for people who are willing to take the time and do the research and find these products that are selling for significantly more on Amazon.com than they are on store shelves. And you can turn a virtual assistant loose, by the way, for those of you who kind of know a little bit about that and do the research for you. We have two virtual assistants that find us way more products than we ever have time to go shop for on retail shelves that are selling for more on Amazon than they are on retail shelves. This is not a complicated model. Hopefully it's starting to click what we're talking about here. If it feels complicated, I haven't explained it well because it's not a complex model. It's only slightly different from a retail arbitrage where you're scanning barcodes because we don't scan barcodes. We actually search on Amazon for opportunity or we search on store shelves and do research by keyword as I'll show you in a moment. But we teach our students how to find these quickly. Finding the products is not the challenge. The challenge is building the system to get it into the hands of a shopper, or sorry, to get the products shopped and into the hands of someone on your team and then get them into a box and sent to Amazon and building a good system that replenishes your inventory as these sell. That's where the term comes from. You're just replenishing your inventory. You're buying items that sell well. Maybe you buy five of those units, two of them sell, you go buy a couple more. Two more sell, you go buy a couple more. You're replenishing your inventory. You're finding profitable products and just simply replenishing. Shipping around the world is clogged. I don't think it's going to change anytime soon personally. Now that's just me prognosticating and I can explain why I think that is. I don't think this is a temporary glitch. I don't think this inflation thing is temporary. I think we're heading into a pretty major shift economically. Again, not because of COVID, not because of consumers. I think it's our governments are doing some pretty irresponsible things right now. That's just my opinion. But regardless, even if things do start to turn around, it's going to take at least a year or two for that to happen. So, who has the advantages when products like these are moving so slowly from point A to point B? Do you have an advantage or does say Walmart have an advantage getting the stuff that they want? Who do you think has the advantage? You or the large retailers like Kroger in the U.S. or Target is another one in the U.S. or Costco or Sam's Club. Some of these big retailers, you may not have heard of them, but these are the big boys of retail in the United States. Who has an advantage on actually getting stuff onto their store shelves? I would say that big retail does, and that's the point I'm trying to make here. Big retail has the advantage. Don't we all miss the days when store shelves look like this? That's what it's looked like pretty much since I was a kid in the United States, but it doesn't kind of look like that so much right now. It looks a little thinner than that right now, but the products that are there in many, many cases are worth a whole lot more money on Amazon than they are sitting on the store shelf. And this is again, a reminder, we've taught a whole bunch of people without scanning barcodes, how to go through store aisles and find products very quickly that they can flip. Maybe it's two packs or 12 packs. We teach you how to go through Amazon, how to find the winners, separate them out from the losers, where you live in the world doesn't matter to answer our friend's question and repeat it one more time. Uh, we've got a Canadian here who's asking, Hey, I haven't made a, I haven't done as well as I'd like to in the Canada, Amazon. Uh, could I start selling on .com? Yes. Many of our best success stories, as you could see from our free Facebook group, silentjim.com has the link to that group. Scroll through the success stories or go through our podcast again, silentjim.com, our podcast, dozens of recent success stories. Many of them are Canadians, but again, it doesn't matter where you live. It's irrelevant. Remember my friend in Slovakia, our buddy in Slovakia, we've got people all over the world that are doing this business model because you can use U.S. based partners to help you with the parts that you can't physically do yourself. You're not shipping the product to you and then back to the U.S. No, you're just shipping it from a partner in the U.S. who bought it for you or hold it for you and sends it into Amazon for you. Many people do that model. So yeah, you can source online. Just to be clear, like I've just said, if you live outside the US, it just doesn't matter where you live. Here's some of the big retail stores located all over the US. We've got people In the US, who never see or touch their product and do this business model, you can do it from anywhere in the world as well. If you have someone that can shop for you that lives near one of the big retailers, these are several, there's hundreds more that you can use. It doesn't have to be a big retailer. Actually, some of the smaller regional stores, you have a bit of an advantage because you're going to run into less competition there. But that's how the business model works. You send someone either online to buy or you go physically into the store to buy. You send the products into Amazon and you sell them. So why are they such a big deal? Let's just go through a quick bullet point list here. It's easily sourced inventory. And in many cases, zero competition worries very, very frequently. And the reason I say zero competition worries is because many of our most successful replen sellers, they'll have like in our business, we've got a couple thousand replens. We can't always find all of them. And if a competitor comes in and drops the price on one of them, we just go find 10 or 15 more. That's the game. It is a bit of a churn, but the stuff is everywhere. It's some low hanging fruit and I don't want to oversimplify it. I don't want you to make you think that it's not work because it is. It's definitely work. Do not go through my course if you're not ready to do some work or hire other people to do work because it's work. If you're still under the illusion that you can build a legitimate business without actually doing any work, I'm the wrong guy to listen to. I always say come back and listen to me when you've listened to a handful of other people who lead you down a shiny rainbows and unicorns path to no work income and then come back once you've burned through all that money and you've decided that maybe you will have to work to make some money online because it will be work. Unless you happen to time out the right bitcoins. You're going to have to work. And I love Bitcoin, but that's not the topic tonight. This is about building a business that you know is growing and scaling. And yes, you can absolutely sell it someday. You can transition it to an automated process. We have many people in our community who have done just that. It's very automated. I don't do any packing or shipping or shopping. Very little. I enjoy it. I do it sometimes, but I don't have to. Our team does that. Okay, so why is it a big deal? You can end the constant hunt for that next big home run type product, that next big winner. You don't have to do that. You can go find easy products anytime you want to. You don't have to keep finding big winners. You can find a whole bunch of small winners. That's kind of the Replens Model. Very short learning curve, as we've mentioned. Easy to automate. You're just hiring people. You know, my shoppers on my team, they have a shopping list. I can train my shoppers in two minutes. That's not an exaggeration. It's the same level of difficulty as handing somebody a shopping list and saying, Hey, here's the things I need from the store. Could you go buy them please? And they say, yeah, it's actually on their smartphone and they can click and see, oh, I need to buy three of these. Oh, there's a picture of it. And they go into the store and they buy it. It's that easy. When I go to the store for my family, I can't help but walk up and down the aisle and recognize some of our Replens and throw them in the cart. I'll check our team's inventory, see if we need them. Yeah, we need six of those. All right, they've got four here. Grabbed them. Little $20 bills sitting on the shelf. Sure, I'll grab them when I'm out shopping for my family. That's the reality. Slowly walking up and down the aisle, either you or somebody else, and flipping the money into your shopping cart. Going home, selling it on Amazon. Worst case scenario is, The price starts to tank on one of these items. What do you do? You sell it, break even, or maybe a tiny loss. But as long as it's a good replant, it's selling for a nice profit. We typically see anywhere from 30% ROI up to 300% ROI with margins in the 20 to 35% range, typically. That's the typical business model. It's the most stable model I've seen in 20 years. I probably mentioned earlier, but I've been doing this for 20 years. I've taught and used a whole bunch of different business systems to grow my business, my income, things that we've trained other people on. I've always done the things that I train, by the way. We don't just teach new stuff just for the sake of teaching it. We do it ourselves as well. Multiple income streams. This is the lowest hanging fruit, most stable model. Again, I said at the beginning, if I have old friends come to me or family members I haven't seen in a while, Hey, what are you doing online? Is this something you think I could do? I'd give them this training. This is what I would teach them. The stuff that we're giving you tonight, the Replens Model. Many really big sellers use only this model. Okay, let's move forward. So I've mentioned a couple of these things before, just as a reminder, this isn't brand new content. This is stuff we've taught to a whole bunch of other people. Our course, which is the offer we're going to make for you tonight, to my knowledge, is the longest standing Amazon seller course in the industry. It's over 10 years old. Most of the courses that you're seeing on YouTube and these other things, and you may think to yourself, well, the new latest and greatest, that's what I want to know. We've got a team of about 100 people that are constantly updating, improving this course, adding new content, and we all run Amazon businesses ourself. We are some of the most established Amazon sellers in the space. We're the guys that have been doing it a while the right way. We're not flashy. I don't spend a million dollars a month on YouTube trying to get new people into our funnel, buying some $8,000 course. That's not how we do it. We're building a team and a community of people who are willing to do some work, who understand that building a business means work. They're ready to do it and they just want a proven system and a good community that they can lean on to help them as they hit little speed bumps and snags. That's what we do. Okay, so are you ready to find some replens with all that setup? Thank you for bearing with me. We're half an hour into the presentation and we're finally going to teach you, but I thought it was important to emphasize that all the things that I've gone over so far have kind of laid the groundwork. Who should you be listening to in the Amazon arena? I've made a case for us. What makes the replens model so different? I explained to you why it's different. What is a replen? Now you kind of know. That's the foundation. Okay. I could have just said, Hey, if you trust me, let's get into the training, but that wouldn't have flown. There's a good reason you're skeptical. You should be skeptical. You want to know who you're dealing with. What are you learning? Is it worth your time? Hopefully I made that case in the first half hour. So let's get into the good stuff. This is amazon.com. Anyone familiar with that? Think you can find it on your browser? Okay, that's where we're going to start. That's all it requires to start looking. It's right there. And if you haven't done this in a while, you could probably blow yourself away just by getting on amazon.com. Don't even have to log in. It doesn't have to be a seller account. You're not a, you're just like a shopper trying to do some shopping, right? Type in some brand names of products that you're familiar with and just start scrolling down the page. This is how you can spend some time convincing yourself this is legitimate. You're going to find ridiculous prices on items that you know. Now, you don't know what everything costs at the store. We're not playing the old US game show prices, right? You don't have to know what everything costs, although you could easily research it, but you're going to scroll and you're going to see like, I got a can of peanuts here on my desk, right? And you're going to scroll and see a three pack of these peanuts for like $22. You think to yourself, surely, That's a whole lot less than that at the grocery store, right? And then you do the math with the tools we're about to show you and you discover, wow, I could go buy those three cans of peanuts and sell them on Amazon right now and make about $4.50 per sale after everything's said and done. Imagine having a few hundred or a few thousand of those that your shopping team is shopping for that you're sending into Amazon. It's a beautiful model. We start right here on amazon.com. Don't even be logged in. One of the tools we're going to show you tonight, this is a Chrome extension that comes to us from our friends tonight at AMZScout. It's going to be the one, the tool that I'm demonstrating tonight. Now that I've introduced AMZScout into the discussion, let me tell you this. They have such a robust tool. I'm not going to show you and demonstrate more than one one hundredth of what this thing can do. Okay. All kinds of imaginable features and functions I haven't had a chance to even dive into, but the one I am going to show you tonight is part of the offer we're going to make at the end of this, by the way. And that is this AMZ, it's called the Dropshipping and Arbitrage by AMZScout. I wouldn't have named it that, but that just happens to be what the tool's name is. Okay. It's irrelevant what the name of it is. It's what it does that matters because I'm not a fan of dropshipping. Actually, I don't do any myself, but this tool has a feature in it. That is very powerful that you've probably never noticed. And this is the part where you've probably never heard anybody talk to you about Amazon this way. And we'll get into that in just a moment. I'll show you why this, and now this is a paid extension that comes with AMZScout with the offer we're giving you tonight, but I'll show you what it does and why it's so important and powerful. Okay, let's jump in. Let's get into an example now. If I have that Chrome extension that I just showed you and I go on Amazon.com and I pull up these products. Yes, I found these products a couple nights ago setting these slides up. I was just going to go find some replens and boom, they dropped right in my lap just like I've told you they do once you know what you're doing. This box here comes up and maybe I could ask someone on the team to move my face out of the way here if it's in the way because I want to make sure everyone can see this corner down here if you guys can bump me around. Hey, beautiful. Magic, huh? And that actually makes me look a lot better probably as postage stamp size. You guys don't have to look at my big shiny forehead with the light on my laptop. This button right here is part of that Chrome extension and they've got some new features in here. And I'm not going to talk about all the other stuff they got going on. There's so many cool things going on here. We could spend three hours diving into what this one tool does, let alone all of AMZScout. Okay. But this little orange button right here, I've got an arrow on it. I'm going to click that once I found this product and it looks like there might be some potential here just based on my rough estimation. Now, I don't know what these costs retail. But surely for $29 I could make a profit selling these two boxes. This is a real listing. You could go look it up yourself. This is a real ASIN right here. Go check it out. 29 bucks. It took me about 15 seconds to find this guys. Okay. And this one, it's kind of small in here, but I looked the cost. Yeah, there it is. Cost, it was $15 on Amazon. It's selling for about $32. I looked using our orange button down here that I just showed you to see how many drops we were getting. AMZScout told me 26 drops per month. And there's only a couple other sellers. If I recall, I didn't record that. I probably should have. But if you know that it's dropping, let's say 26, approximately 30 times a month, there's a couple other sellers. They're each getting about 15 sales, right? Do you follow me? 30 sales per month, 30 customers per month, approximately. According to AMZScout, according to the rank drops, counting the drops, that means a product sold at least 26. Which means at least that many, if not more, probably more like 30 or 40 based on our experience. Because typically each rank drop represents anywhere from one to five sales, depending on other factors we're not going to get into right now. But this thing's selling at least 30 times a month. There's two other sellers. They're each getting 15 sales. You with me? You could be the third seller and you'd be getting about 10 sales per month. Buying it for about 15 bucks. It's kind of a unique little bundle here, right? You can do that. Go buy two of this one, two of this one, two of that one and two of that one. Your total costs at checkout is going to be about 15 bucks. You can expect to sell about 10 times a month at $32, 26 drops. I'm not going to get into the math of making sure that you can pick a winner from a loser right now, but just in general, if you can a little more than double your money in this price range, there's probably some money there. If you can triple your money, meaning if this was selling for $45, there's definitely some money there just as a general rule. Okay. Cause it depends on how big it is, how heavy it is, how hard it is to package those sorts of things go into it. That's some of what we train you on. But again, this is me spending, I spent less than maybe four minutes, five minutes tops to find some examples. And just so no one gets all excited and runs out and starts buying everything that looks like it's priced higher on Amazon, I want to emphasize this looks like a potential winner here, right? Five bags of candy. Like, wow, I bet every Walmart in the US has those and they probably most for the most part do. Selling for $44. Holy cow, that's beautiful, right? Well, hold on. I clicked our orange button here. I went over to the graph. In the last 30 days, how many rank drops? One rank drop. It's only sold once. I'm not going to go buy five bags of chocolate for a product that only sells once a month. Stay away from that. Do you see why rank drops become important? Just because the price on Amazon is high does not mean it's a winner. You want to look at rank drops. How many other sellers are there? That's where you make your decisions over because you don't want to spend your time, waste your time testing stuff that doesn't work out, bringing it back. In this case, I wouldn't be too disappointed to bring these back, especially not the minis. If you haven't had them, I highly recommend them. The thins, they're good, slightly overrated. You need more peanut butter, but I'm getting off topic, making myself hungry here. You don't want to be testing all day on new products like this that don't work out. You want to get good at making decisions. Once you're good at the process, after you've done it a few times, about seven or eight times out of 10, you're going to have winners. Once you go through the process of analyzing, is this a good product or not? That's what our training does. That's what we're going to be talking about. Step-by-step video training that our team goes through. It'll take you about Six to seven hours to understand the whole process. You can turn that over to a virtual assistant. Excuse me, or you can go do it yourself. Either way, you'll be off and rocking with the Replens Model, finding profitable products, which is the whole game. If you didn't know, that's the whole game of selling on Amazon is finding profitable products, right? This is a stable way to find products that you can source over and over again and sell. So everybody's clear. This is a bad example, right? And I could do this for, let me get a sip of water here. I could do this for hours, guys. You could go to Amazon. Remember that slide I showed you when we first started? Just go to Amazon.com, no tools needed, and just scroll around and you're going to see products that are priced ridiculously higher than what your instincts tell you they should be priced. And with a little bit of research, how many other sellers are in there? How often is it selling? Is this worth testing? Is it in a category that I'm approved for? How do I know? Right? Those are the little decisions that you make and you make those rapid fire little decisions and you decide, yeah, this is a product worth testing. The model we're using the most right now, the most excited about right now is online shopping, which anyone in the world can do. You can shop on walmart.com from anywhere in the world, have it delivered to someone who sends it into Amazon for you. I'm taking pictures of local store shelves. If you happen to live in the US, you could go do this yourself. Go to the store, take your digital camera, snap a picture of about 20, 30 products at a time, make it a clear picture. You want to have some barcodes on there to help you with your research. Make sure you get the price tag on there so you know how much it costs. Go home and just scroll around on Amazon looking at some of those brands. You're going to find three packs and five packs and easily sourced bundles that are selling for nice profits. Guaranteed that they're there. I could, I've been fond of saying recently, you could drop me in any store that has barcodes and shelves in the world with about an hour or two of time and I'm going to walk out with a couple dozen profitable replen products.