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How Anyone Can Start Amazon FBA | Get Spoon Fed Profitable Products with this Software
Turn $200 into 2K Selling on Amazon - Make a $1,000+ Fast Selling These Products on Amazon
In this video I’m going to show you how you can turn $200 into $2,000 very fast in the next month by buying and selling products on amazon.
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We’re officially in the heart of Q4. And eCommerce sales skyrocket from now through black Friday….up until after Christmas.
You can either watch this video and think “yeah, there’s a lot of money to be made in Q4 online. I hear that every year.”
…or you can be one of the few who actually takes advantage of it.
Now, one of the very first businesses I ever had success with was reselling.
If you go back to some of my first videos like 4-5 years ago….you can see they’re all on how you can make money reselling.
And there are many ways you can resell products online for a profit.
This isn’t anything revolutionary….BUT it’s simple, proven, and effective.
Now, you could flip books on amazon….and the margins on that can be EXTREMELY HIGH. Although, you’ll need a decent amount of $ to start and some patience to wait for them to sell…..so that’s ideal for this.
You could sell brand name wholesale products on amazon, which is great b/c you can leverage other in demand brands which sales skyrocket for during Q4. But again, you’ll need a few thousand dollars to realistically start that….so that’s out.
You could also flip liquidation pallets…but then you’ll need to do lots of leg work, take product pictures listing them to different platforms manually, and be patient for profitable sales to roll in….so nah…we’re not going to do that either.
The best thing you can do right now…to make some good money during Q4 in the resale game….is online arbitrage.
Online arbitrage is simply buying from retail stores or retail websites for a lower price….and then selling them on marketplaces (like amazon for example) at a higher price so you can keep the difference in profit.
Online arbitrage is great because practically anyone can start it and make money pretty quickly.
There’s plenty of products and brands you can sell (even as a beginner)….AND you don’t need a lot of money to get started.
….And since Q4 demand is so high…there’s lots of opportunity to profit right now….if you know the right places to look.
Plus, I’ve never been a big proponent of spending hours and hours going to stores in person to look for products…. (even though that can work….it takes way too much time and way too much effort).
Especially when you can do the same exact thing from home with software.
So the first thing that you need to do is find good profitable products.
There’s many ways to find profitable products…but perhaps the best way is to use a software that compares amazon’s catalog of millions of products against similar products all over the internet…on hundreds of other websites.
The software I recommend for this is called source mogul. It’s a game changer of a software and has been instrumental in helping me scale both online arbitrage….and dropshipping too.
I’ve been recommending it for years….and I can’t say enough good things about it.
I’ll put a link to a free trial of sourcemogul in the description that I setup with them if you want to try it out for yourself.
Source mogul lets you search through hundreds of websites to find products that are selling for less on those sites….than they are on amazon.
Then once the software spits you out those products….you’ll want to make sure that….
1) You’re able to sell it before you buy it (and this will obviously depend on the age and sales history of your amazon seller account…..as well as if you’re gated for that product category or specific brand).
Just put the product identifier on amazon (like the ASIN) into the backend of your seller central to see if you’re able to click “sell new” or not.
2) And second you’ll want to make sure that it is indeed still profitable (after amazon fees are deducted)….
A simple way to check this is by using the free amazon profit calculator they give you in seller central.
All you have to do is put the price on amazon into the calculator in one spot…put the price on the suppliers website in the other spot….and then choose whether you’ll be fulfilling it yourself (FBM – or Fulfilled by merchant)….or using amazon fulfillment (FBA).
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