Spent the morning cranking out a 7-page guide on all the ways you can get discounts on your online arbitrage products.
Just need to put some finishing touches on it before it's ready for release.
Want to get a copy?
An absolute banger of a podcast by @cleartheshelf and @ChrisRacic interviewing Eli.
I wrote down a cliff notes version of what I heard that might help others (actually selfishly helps me by writing it all down so I can become a better seller).
Here are 22 take aways that I got from the podcast:
1. Using WhatNot to liquidate bad buys.
- This is a newer platform I just heard of two days ago but great to see how we can incoporate it into our Amazon busniess.
2. Eli sources 90% of his own products and he's doing $500k.
- This is incredible. I love it.
3. Talked with another bigger seller and noticed they get more buy box share in general having more inventory in stock across their whole catalog.
4. He has sites to come back to regularly and has something still in his catalog from 2017.
- I use Link Collect but am interested in what tools others' are using.
5. Blind Spots - He was scared to grow out of fear of being too invested in Amazon and Amazon completely shutting his account down.
6. Find a category you like and dive deeper into different social media channels that talk about it - Instagram pages, Reddit, Facebook groups, etc. Watch the TRENDS - The category is beauty for Eli.
7. Heavy advocate for gift cards - 1%, 2%, 3% doesn't seem like much but at scale, it's thousands of dollars.
8. Uses 10 different cashback sites.
9. Predicting where reselling is going - not going anywhere and will always be around.
- Agreed
10. Amazon is a constant changing landscape and we have to play by the rules. You could literally make millions of dollars at home in your pajamas.
11. Amazon is not saturated, it's just more opportunities. It's more sellers, but it's also more customers.
12. Managing online receipts - use a catchall - one archive and one inbox. Need that for yourself and/or for any employee you bring on.
13. CloudHQ Plugin for authenticity/IP Complaints/account health issues - locates all the emails of all the orders of a particular ASIN (search by keyword) and print all those emails to one PDF.
- LOVE THIS
14. You will need a scanner to scan documents into the cloud if you're doing RA - @fba_dr actually has a good write up on documenting RA purchases.
15. Brought account health and returns back in house versus outsourcing those tasks.
16. Managing orders and missing items - doesn't do a lot of reimbursements from retailers. Loss rate is too low versus a retailer shutting him down. Once a month or so, look for discrepancies for products ordered and products prepped.
17. Hire when you you've maxed out your time efficiency.
18. Lean into debt wisely - ideeally pay off credit cards every month but in a growth phase, 80%-90% is understandable.
19. Most important account health issues - IP complaints, authenticity complaints, expired complaints.
20. SOP for Authenticitiy Complaint - Open SKU Ecomomics on Amazon for ASIN, see how many sold in the last year, find all orders in email, uses Adobe Professional Suite to combine together and attach a POA with it.
21. A total of 4 suspensions. Account was suspended for 2 months at once and with Ed Rosenberg's help, he was able to get back up and running. Eli admitted at least 1 or 2 times was due to neglecting account health issues.
22. Listens to How I Built This - which often interviews owners of beauty brands, beauty being a category Eli focues heavily on. See point 6.
THAT'S ALL FOLKS.
Not my podcast, I only took notes to help me become a better seller. If you read all the way down here, you want to be better too. Let's be friends.
Share this is you found it valuable. Very good podcast!!
Everyone focuses on Nike as a new Amazon seller.
For good reason.
Tons of different products, great sellers, and profit to be made.
But there are hundreds of thousands of other brands to sell.
Here are the top 10 arbitrage brands on Amazon along with some stats.
👇👇👇
Here are my actionable takeaways from the @cleartheshelf podcast with @jasimeisa2.
I spend $40,000 - $60,000 a month on A2A as a solo Amazon seller doing this part time, but I cannot seem to get past this number on a consistent basis. This is what I’m going to do about it:
1. Hire help. More eyes = more buys. I can’t see everything all the time, bringing on a staff member that I can trust with purchasing will increase my surface volume on finding ASINs.
2. Be more flexible with what I’m buying. I’ve been averaging 60% ROI but I know I can lower this. Focusing on items that don’t increase my return rate but allow me to spend more is the key.
3. With lower ROI comes cost cutting. I use a prep center for 99% of my A2A. It’s really helpful as I have other businesses I run and I can’t actively prep daily anymore. However, I have a warehouse and would save $2+ per unit between prep and shipping costs given my location. I’m going to start pulling some ASINs in house and have a team member prep 2-3 days a week.
4. Bonus I’ve now heard twice and I’m leaning in @JeffSendsIt here. Move through returns quickly. Warehouse sales or even an eBay lister. 20% of my warehouse is poorly used because of boxes sitting that need to be sorted. Time is money but so is space.
The plan here is to work on these over the next 3-4 months to get them in place pre Black Friday. I’ve been actively hiring already for the Shopify prep so that’ll be my first order of business.
I’ll report back as it goes. I’d like to get closer to that $100k spend a month just A2A and then 30-40 OA as I rabbit trail those leads. Anything bigger and I’ll need a new space lol.
$450,000
This is the rounded number I spent on A2A purchases in 2023.
In 2024 I am on pace to spend over $550,000 using the same five methods to source A2A I have used for the last 5 years.
Each of these pillars has been tweeted by me on Twitter, I have written over 10,000 words on the subject of A2A in the last 12 months, right here on X.
I don't promote paid material often, and I hope I have helped many of you with my free content over the months.
If you want to see me go over the exact methods I use to source A2A, the strategies, wins, fails, tips, stories, theories, and much more than join me Monday 5/27 for the first ever A2A Challenge.
I aim to overdeliver within the first 48 hours and have you spending money on A2A before the week ends.
You will not only get lifetime access to the 10-15 hours of replays, but many wonderful bonuses with one of the best just added on today.
https://t.co/wzZBfWobot
The doors close Sunday night and we start Monday at 6pm Live.
Excited to see you in there!
Drop any questions here and I will be sure to respond today.
When we interviewed a $25M OA seller the other week the podcast went 2+ hours long.
So, we put together cliffs notes for you to pick up some quick tips and find relevant portions of the podcast that are most helpful to you.
Comment "25M" below and I'll send it over.
How to find your very first Amazon to Amazon flip.
In this thread I'll show you an easy way to find your first Amazon to Amazon flip AND how to add the sourcing method to your arsenal for good.
Let's go:
Fishing is a $51B a year hobby and you can cash in on it as an Amazon seller.
You don't even need to know how to bait a hook or tie a fly.
Let me show you how to start reeling in your own profits:
The average angler spends over $1,000 a year on their hobby.
They could head to the local bait and tackle shop but they'd rather look at products on their phone and have them delivered in a day or two.
This is why 63% of consumers start their shopping on Amazon.
Because of this Amazon sells almost $1.5 Billion of product every day.
67% of those sales come from people like you.
3rd party sellers.
You don't have to runs ads, buy products from China, or build a brand.
You just sell what people are already looking for.
You compare the products on the digital shelves of fishing sites, sporting goods stores, and even places like Target and Walmart to what's selling on Amazon.
If you use a tool like Seller Amp you'll be able to see if there is a profit and if so how much profit there is.
You ship these products off to Amazon.
They store them, sell them, and ship them to the end customer.
You get paid after the item makes it to the customer minus your selling fees, of course.
Let me give you an example.
You can buy this Gerber fillet knife on a source site for $16.99.
The current Buy Box is $33.88.
After Amazon fees you can profit approximately $5.
This item doesn't sell a ton every month but you can find hundreds of items like this.
And, this is something I found back in August of 2023.
The average price over the last 6 months is just a little lower than the current price but still a profitable one.
Here's what you need:
• Amazon Seller Account ($40/m)
• Keepa ($20/m)
• Profit Calculator like Seller Amp ($20/m)
• Capital ($1K-$3K)
• Time
You also need a bit of knowledge.
I'll show you where to get that.
If you want to get started doing online arbitrage we have a guide to get you going.
Check it out here:
https://t.co/nEzy3mQpq1
Haven't opened up a seller account yet?
We can point you in the right direction with this guide:
https://t.co/RaKd6qs7lO
Not sure if the product you're going to buy is:
• Going to stay profitable?
• Sells consistently?
• Has too much competition?
We'll show you how to figure all that out here:
https://t.co/d8BXDBpr5M
Want to know very quickly if the item is profitable?
Selleramp can help you make the calculations including Amazon's fees:
https://t.co/hqhVTs9NZA
Eventually, you'll become a pro at sourcing and you may want to automate a portion of it.
Tactical Arbitrage can help with that and I'll show you how here:
https://t.co/vdXKAlxcjj
Be sure to spend some time going through Amazon's own resources at Amazon Seller University.
You should also take advantage of all the free game dropped by people here on Twitter.
Get out there. Ask questions. Shoot a DM to someone.
If you got some value from this please:
1️⃣ follow me, @cleartheshelf
2️⃣ RT this post to help another seller
3️⃣ Be kind to each other and good selling
Just 6 pages of notes for @ChrisRacic and I podcast with a $25M online arbitrage seller.
Stoked for this one.
Hope you all are ready for a 2+ hour show lol