Dave

i sell on amazon

[Dave @daveflips_]

Hit my first $1mil in sales in my 16th month. Been a fun journey so far and while Amazon has its downsides, I am very grateful for the platform changing my life 🙏

The next million will be done by the end of 2024.

[Dave @daveflips_]

@1000asins GUIDE

[Dave @daveflips_]

@paypercallaff Ah okay, makes sense

[Dave @daveflips_]

@Eoin2M A2A

[Dave @daveflips_]

@7FigSaykho damn how many couches you got

[Dave @daveflips_]

@FlippinFelixx @stockxsucks reviews, fba/fbm not big deal, most customers dont know the difference, and margin on these if you sell the correct product is not worth it

[Dave @daveflips_]

@FlippinFelixx @stockxsucks their storefronts

[Dave @daveflips_]

@rpw_fba big ass pdf, lowering the quality of the images in the pdf might work

[Dave @daveflips_]

Another very nice month.

Margin was lower than last month but still way better than it was earlier in the year.

Good profit.

Spent the most I ever have on inventory this month too so 2025 should be a good start.

I’m not expecting a big December. I have little inventory checked in and I’m not FBMing a lot.

My goals going forward are to:

-Sustain good margin months like this and last month
-Spend little time sourcing and purchase a lot when the opportunity arises
-Get rid of 99% of leakage and focus on inventory turnover

I have been scaling Amazon since I started and I reached a point where I just want to sustain for the near future to stack cash and have more time to work on other things.

I’m okay with a poor December this year as I did not prepare for it but I have learned so much for next Q4.

I will spend December reconciling alot of 2024 leakage and also 2023, getting ready for taxes, liquidating all old inventory sitting in my house, graduating college, improving systems for my VA, and focusing on other businesses.

[Dave @daveflips_]

@OutDuhMud thats why my bed is filled with boxes so i cant sleep

[Dave @daveflips_]

@Eoin2M FBA

[Dave @daveflips_]

@jason_fba @parkerbiederer trading

[Dave @daveflips_]

I look for 40% ROI at the WORST price in the past year.

Can be flexible. If the worst price is very uncommon and is not likely to happen, its good. Will also take less than 40% if item sells fast or is not return-heavy.

For shoes/clothing, aim a little higher, 50%. And know that for alot of shoes/clothing, the price will go down if its a popular sale so have to account for that too.

[Dave @daveflips_]

Best month ever sales-wise.
Best month ever profit-wise.
Best month ever margin-wise.

And I worked very little to achieve this compared to before.

Slow end to the month but more inventory should be checked in soon.

I did not buy a crazy amount of inventory this month though so if I want a big December, I can’t rely on FBA.

Gonna have to FBM again this year it seems.

Have a lot of improvements I’m going to implement this month.

[Dave @daveflips_]

@CRAZYBEAST10 if you have a good return handling system and source higher ROI to account for returns, shoes/clothes are no issue

[Dave @daveflips_]

@CRAZYBEAST10 i sell everything but shoes/clothing is big one

[Dave @daveflips_]

@JoshConard121 @hxxntrr havent started yet but will be shopify. definitely dont do that on amazon

[Dave @daveflips_]

@FBASwift thank you sir

[Dave @daveflips_]

@ecomcole cole

[Dave @daveflips_]

@ecomcole thank you cold

[Dave @daveflips_]

@flips4miles goat