- Greetings everyone and welcome.
My name is Kris
and in today's video I'm going to be breaking down to you,
from beginning to finish,
on how to start online arbitrage for Amazon FBA.
Now in my opinion this is the path of least resistance.
The quickest way to get money from your bank account
to buy items, back to your bank account
with obviously more money.
But before we go ahead and get into that,
I wanna announce the one hour call giveaway winner
from last video, right here.
Feel free to reach out to me via Facebook
and we can make that happen.
And as always all you have to do
to enter into for a one hour free call is to like,
subscribe and comment in the description below.
And I'll also be showing my sales for the day
at the end of the video.
I'm trying to show my sales,
just be more transparent with you guys.
Now, let's go ahead and get back to online arbitrage.
Now in my opinion, you know, I've done a lot of videos
but I've not done like one encompassing video,
and I really feel
like this is going to help a lot of people.
Now, I have some notes right here to help me stay on track.
And obviously I'm not gonna get into detail on everything,
because if I were to get into every nitty gritty detail
it would be a two hour video.
However, I did do separate videos on a lot of these topics
which are in an online arbitrage playlist.
So, let's go ahead and get into it.
The first thing I recommend before getting anything,
even your Amazon seller account,
is to get the free extensions.
There's free Chrome extensions
that you need to learn how to use
that will help you find items.
So the first one is a keeper extension.
And what this is, it's on your Chrome browser,
and it's built into where,
anytime you pull up an Amazon listing,
underneath it shows data.
There's two different graphs showing different things.
And I'm gonna briefly summarize this,
but in the first graph as you can see,
it shows number of competing offers which the more,
you can see when it starts to spike, that's not a good sign.
Unless the items are on backorder,
which I get into more on videos.
But basically that's something you need to look at.
And then another thing on the keeper graph
is it shows sales rank.
It shows how quickly items have sold in the past 90 days.
By looking at this you can make good, informed decisions
that will help you buy good selling items.
The next free extension you're gonna get
is the Amazon FBA calculator extension, which,
this is another one that you install on your Chrome browser.
Anytime you're on an Amazon listing, you click it,
and it will show you the fees associated with that item.
You can plug in the cost,
you can see how many sales per month
and it will allow you to calculate
how many items you're gonna be able to sell that month,
and the profit.
Now, the next step is, assuming you're in the United States.
Now if you're not in the United States
the next step is going to be to find a pick and pack center.
You're gonna have to set up a pick and pack center
so you can sell wherever in the United States.
So, assuming we get the pick and pack center,
which if you live in the United States
you don't have to worry about.
The next thing is gonna be,
is setting up a tactical arbitrage account,
which, this is a software that I use
that allows me to find profitable items to sell.
Now, it does have a 10 day free trial
which I highly recommend you using,
and you don't have to use this in order to find items.
Another way I like to find items
is to go on page two, three or four of Google
and just start looking up items to sell on Amazon.
But tactical arbitrage,
if you wanna be in it for the long haul,
you're gonna need to learn how to use this software.
And at this point,
this is where you sign up for your Amazon account,
because in order to use this software
you have to sign up for the Amazon pro seller account,
which is $40.
Now, when you're going through the software,
this software will allow you to look over sites
such as Walmart, Target,
I believe there are 500 websites built into it.
And you can sort items by gross ROI,
you can look at different sections of the store.
It usually takes a few hours to load the data
and then once its loaded you can filter through the results.
And I highly recommend looking at filters,
and I highly recommend building in sites
that are not included in there, because, it's called xpath.
If you go on fiver and you type in tactical arbitrage xpath,
there's usually a couple of gigs on there.
And what they do is they will build in sites
that aren't on tactical arbitrage,
that basically there's not gonna be as high of a demand
of people searching,
so you're gonna be able to find better items on there.
And that's honestly what I do.
So, you have tactical arbitrage set up.
Let's say you have your Amazon account set up,
you've found some items.
Now the next step is to order the items.
So, at this point
you're either going to send them to yourself,
or if you are out of the United States
you're gonna send them to a pick and pack center.
Which I've done a whole video on.
But in this case we're just gonna send them to ourselves
'cause we're just starting.
Now, by the time your items arrive,
and another thing is I do wanna add.
Make sure you're using Ebates to,
and just other coupon offers
to get discounts on these items,
make sure you're qualifying for the free shipping,
or whatever deals that the site may have
that you're ordering from.
And my link to Ebates is in the description below.
It will give you $10 if you spend more than 25,
so just money back in your pocket.
So it's a win win.
Now your ordered items are being delivered to you.
Now don't take it easy.
Now is the time, now what you're gonna do is,
between this time period
you're gonna learn how to navigate seller central
and how to set up an Amazon shipment.
So your items are coming to you,
you're gonna have to process those units.
You're gonna have to list 'em, create a listing
and then send those in.
So, and this time you can get shipping supplies,
which you can get dollar rolls of tape,
either online or at a dollar store.
You can get boxes for a $1.39 at Home Depot,
or you can buy 'em online.
Whatever you wanna do.
And just some packing paper.
All of this may cost $10-15.
That way you'll have the supplies ready
and then you're gonna learn how to.
I would recommend maybe watching a tutorial
on how to set up an Amazon listing in the meantime.
That way when your items get there you'll be ready to go.
So now that your items have arrived to you,
you're gonna list them, you're gonna ship them
and you're gonna send them into Amazon.
And you can use that via FedEx or UPS.
You will have to pay a shipping into Amazon,
but you get to use Amazon's account.
I believe I shipped in 69 units,
the box weighed 30 ish pounds,
and I shipped it into Amazon for around $15.
It is very very cheap.
So I highly recommend doing that.
Now, when your items are being sent into Amazon,
now this is the time.
I don't necessarily recommend going out
and buying a lot more products.
Usually just wanna wait
to make sure that your decisions were good.
That's why you have me here though.
Run products by me to make sure that they're good products.
But while they're being sent into Amazon,
this is where you wanna learn how to price your items,
make sure they're priced competitively,
and make sure to learn how to win the buy box.
So, it's not just as simple as keep lowering your price
because either one, someone's gonna buy you out
and you're not gonna make as much profit.
You wanna make sure that you're learning
how to price these items correctly,
which will allow you to make more money in the long.
So this is, I would recommend learning how to do that.
I have a video on this as well.
Watch this while your items are being sent into Amazon.
And once your items arrive into Amazon,
that's when they're live.
And that's when they're gonna sell.
And so pretty much from here it's rinse and repeat.
However I do wanna add a couple more things.
I highly recommend reinvesting,
not only in more products back into your business,
but this is where you're gonna want to.
You know, once things are going better,
this is where you're gonna wanna establish
a business bank account, an LLC,
establish business in your state
so you can get a sellers permit,
which allows you to collect sales tax
and product insurance.
So, if you're in some dated categories
such as health and beauty or supplements,
it's definitely good to buy product insurance
because these people are applying these products
in them and on them.
And this leads me to the last thing,
is, look to getting ungated, right.
So, if you wanna get.
Getting ungated will allow you to sell more things on Amazon
and honestly I think you should just do this right away.
Like, don't devote too much time and energy to it
because part of it is just starting to sell on Amazon,
but you definitely wanna learn how to get ungated.
And then guys, it's just rinse and repeat from there.
So, I know I didn't really dive into this too much
but it literally gives you a platform
on where to research more.
In my opinion, the best steps to take,
and the best way to get money from your bank account
to items and then back with obviously more cash.
So guys, I really hoped you valued this video.
Obviously if you have any questions
you leave those in the description below
and I will get to 'em.
And feel free to reach out to me on Facebook or Instagram
and I will see you in the next video.
And here are my sales for the day.
Notice that I ran out of stock on Monday,
but things are getting back up to stock.
And yeah, just wanted to show that to you guys.