i am back on the farm in indiana and i'm super excited welcome back to another amazon selling
video the wind is now kicking up of course because i hit record so hopefully this video works out all
right either way i am literally out on the edge of a field when we were here before this was soy and
now it's being harvested you can kind of see back there that like part of it isn't yet harvested but
hopefully you'll get to see it while i'm here we are out here putting our solar to the test
it's been one day so far and it's been awesome i love it so this video is really kind of a mix of
things so i'm going to run you through a bunch of frequently asked questions that i get all the time
how to create a listing on amazon how to create a bundle listing on amazon as well as show you my
real numbers for this month the month is september that we're in right now so i'm going to show you
my numbers the profit tracking that i use as well as i have a member of my bolo group who
so thoughtfully shared a video i wanted to ask other sellers to share videos to tell you guys
like what amazon selling is all about because if you're on my channel you're only getting my view
and i really wanted to share all the other people that are doing it because there really are a lot
of people doing it you just don't notice them so if you're thinking about selling on amazon
hopefully his video is encouraging to you and let's just jump right in so if you didn't know on
my youtube channel there is a community tab where i ask questions and get your feedback or just
kind of pull so that everyone can see like where everyone else is at there's also a join function
so if you wanted to join the channel you can do that there so recently i asked for the q a like
what questions you want answered and i answered them there but i'm also going to answer them here
as well as some of the other questions that i get asked a lot so the first one is what app do i use
i use the amazon seller app it is free when you have an amazon selling account
the amazon selling account is different than the like shopping account that you use all the
time it could be the same email and all that but it's two separate things that you sign up for so
i use the amazon seller app another question i'm often asked is about my spreadsheets so i
have spreadsheets that i show on videos those are ones i create specific for that shipment
i do not recommend doing those but if you want to know how i make them i made a video so that
i can show you so i'll post the video here the app i use to track my profit and numbers and inventory
and all that is seller board i have a link below where you get two months free and at the end of
the video i'm gonna that's what i'm gonna show you is the app for seller board where i'll show
you all my numbers my margin my profit all that so stay tuned for that so katie asked if i keep
my receipts like in the bag that they came from so yes i do so i actually will keep them in there
until i go through everything because sometimes if i buy it like today and then i don't pack it
up till tomorrow or the next day then i'll obviously forget what i what the cost was so
i used the receipt to tell me what the cost was so i keep the receipts until i do that and then
i have the receipt bank app where i just literally take a photo of the receipt and then it files it
away from me and creates an excel sheet that i can download whenever i want or at tax time so just to
piggyback off of that so what i do every week is i'll go out shopping one day and then i'll pack it
all into the truck obviously as i'm out shopping and then when i get home i will bring it all into
the rv where i pack it up and it kind of takes over both the living room and my dining room which
is now my office slide so it's like a explosion of bags everywhere so then i will pack it all up
usually the next day if it's like i go shopping on a friday then i'll pack it up like sunday
because i can't take it to the ups store anyway so it just depends but that's normally what i will do
and then another question i'm often asked is is there a best day to source personally i don't
like to go on the weekends because that's when everyone else is out there i like to go i go
any day really but no matter when you go it's in the morning is the best like the earlier you
can get to when the store's opening the less people were there and then it's just easier
like as you get into the afternoon like tj maxx and marshall starts to fill up around like two
so it all just depends either way there's no bad day to go sourcing um i think stores like tuesday
morning used to that's how they got their name they put their stuff out in tuesday morning so if
they got the truck on monday all the new stuff was there on tuesday i like to go in the mornings if
you don't travel around like i do you can actually ask your store like when they get trucks and then
if they're getting a truck on tuesday then maybe wednesday is the better day to go because then
they're gonna have all the stuff out so you can make those relationships if you want with your
stores obviously i can't because i am in a new place all the time okay this question is from
baber i hope i said that right i'm sorry so they actually have a couple questions the first
is do i use a prep center i used to use a prep center i did buy some backpacks like wholesale
which or distributor really wasn't wholesale the wholesale is like i can buy it direct from the
brand wholesale pricing distributor you have that extra layer and so it's harder to find a profit i
did buy some backpacks from a distributor and then i had them sent to a prep center because it was a
lot of backpacks and why touch it if i don't have to so i did use it for that that was last year
i haven't actually used a prep center a long time another question they had was do you need a legal
name for online arbitrage and no you do not you do need your legal name for ungating and getting
invoices and so that's what i go through in the guide but for online arbitrage like just ordering
from target or walmart.com you do not need any kind of legal name to be on it because you won't
actually be able to submit those as an invoice so for ungaining yes if you need help with ungating
and toys otc grocery topicals baby topicals any of that i could definitely help you out i have
my ungating guides as always the link is here on the screen or it will be down in the description
another question i got asked around on gating is is amazon stopping can you still get ungated
for q4 yes you can amazon is not stopping i got ungated in november of 2017. i got an
ungated in november of 19 so i don't know what these rumors are but you can definitely still
get ungated it might take a while longer it was taking longer in the last couple months but now
members of my ungating groups have been getting ungated like within days so definitely now is
the time especially with q4 coming and the last question from the beaker is how do i know how
much the boxes weigh i have a shipping scale that i bought all my supplies are always linked
below but it's just a shipping skill i should have brought it out here but i didn't and you
i just put the box on and weigh them i think it's like 35 they're relatively inexpensive
and so valuable because if your shipping is off you're going to pay more either in amazon fees or
in ups so definitely invest in a shipping scale sav asked if i see a product on sale and that
barcode is not on amazon can i add it to amazon yes you can you can add any product you want on
amazon and that goes into the bundling question i get asked a lot is like how you create bundles
honestly i've not really created a bundle i i know how i know the technical so i'll walk you through
how to do it as far as like me creating them i have not done that yet creating a product on
amazon is the same way if bundle or not it's relatively easy you just have to make sure
that you're inputting all the right information so how the product is going to be searched because
if it's not searched for and popping up then the customer can't buy it and it will be for nothing
you can definitely add anything you want to amazon if the product already exists on amazon
don't add it because amazon will just combine it and usually that's like
that's not a good way to do it so dory is there list on the one don't try to get around it let
me walk you through how to create a listing so i'm already on the page but you just go to
inventory and add a product and that will take you here and then you just want to click here i'm
adding a product that's not currently on amazon so right here you can pick a category if you want to
here i'll walk you through so let's say i have clothing it's a costume these aren't really a
great costume category options so down here you can actually search so i'm going to do a halloween
costume and now all of a sudden it pops up is it a toy dress-up costume sure yep that's what it is
so you do need to have the upc so what you would do here is you just select upc and then you would
put in the upc that's on the item if you're creating a bundle you'll have to buy you pcs
the only difference from creating a bundle from scratch and creating a product from scratch is
really that the images of three things so i mean or two or however many is in the bundle that's the
really only difference the process is exactly the same so we'll put in the upc whatever that
happened to be you want to make the product name i highly recommend going to a product maybe not
necessarily a name brand product say you want to search girls dress up costumes find a listing that
comes up that's done really well and just look to that to see how they're doing it so you want to
make sure you have all the bullet points you want to make sure things are phrased and you have the
keywords correctly it's a lot of time and energy to doing it right which is why i don't do it but
that doesn't mean you can't do it i do want to get into bundle when i have more time down the road
but as far as just creating a product listing i tried it early on when i first started selling and
those things did not sell so i just haven't tried it again so the product name have here little
examples tommy bahama light blue large whatever the brand name and the manufacturer so this is
where you really want to be careful because if you're gated in disney and you're trying to sell
a disney thing and you put disney here guess what now you're gated you do want to be careful because
i made that mistake my first year i accidentally i had a i think it was like a jojo sue
blanket thing the listing already was there i could sell it so i got it from marshalls and then
it says like quality alert fix it it needs this and so i just added okay it's by nickelodeon and
i couldn't sell nickelodeon at the time and then i ended up gating myself from my own product so
you just want to make sure you don't do that part number it's probably on there it's like whatever
the number you can probably find it online too or you can make one up obviously because i picked a
costume it has sizes and you just pick the size map and then what it is this will not go blue
yet because we're not done so up here you want to go to offers and then that's where you would put
all your information like you would if you were listing it on an existing one and then images
you can see if you can find images existing on the web i don't know if that's frowned upon or not but
you can if you have like white paper or a white background you can take photos you want them to
look really professional even i use canva now you can use canva and get rid of the background of
something so that's just the item and i think it's a paid feature it's like 12 a month or something
but that's an option i think even i've heard powerpoint has that option now too i don't know
how to tell you to do it but there are ways or if you're not tech savvy with photoshop and don't
know how to get rid of the background there are ways you can do it free or inexpensive so i would
recommend that you want to make them professional this is a professional listing you want people to
buy it can't look like you just took it in your car real fast or on the store aisle floor or
whatever so you really do want to make sure that it looks good also because if it doesn't look good
amazon will downgrade it and it won't even show up so there's that and that is really it after you've
added everything in it'll then say save and finish and you are off you've made it your bundle or your
listing again that's the technical like how it's done there's even more to it because you want to
make sure you got the words and the phrases and all that so i'm not the best person just tell you
how to do that but i mean if you want to know the actual technical steps that's how you do it now
i'm going to walk you through my seller board account and why i use it to track my inventory
instead of making my own sheets here are my real actual numbers for this month i'm not exaggerating
this is literally what it is in seller board i finally put all my costs in so now you can see
so i've done 5291 dollars in sales this month i literally have only gone shopping once if you saw
last sunday's video i'll link it up here that is the only day i went shopping i went shopping for
seven hours and these are my numbers obviously there's some like leftover from when i had been
shopping before that was still in inventory but for the most part this is all that one
shopping trip that i went on so 12 hours total between packing it up and this is what you can do
this is why i'm always saying you don't have to work full-time hours you can do this one day
a week you can make it work for you however you want to work obviously if i'm shopping more often
every day all that kind of stuff i would have a lot bigger numbers but this is just how it goes
it comes out to like once a year actually when i'm like slow down so last year it was like end
of august september we were visiting new england doing all the touristy things i think we did like
18 states in like two months or something like that so we were on the move and i was not shopping
as much then two years ago in april we were in the northern arizona grand canyon and i was not
shopping because literally there was nothing to shops i was just doing that whole touristy thing
so it comes and goes you don't have to i mean obviously my sales take a dip when i'm not out
there shopping but you don't have to work all the time if you don't want to that's kind of the
beauty of it so this year it is september which is honestly normally a slow time anyways if i look
at my past septembers it's always a slower month in general for retail because people are gearing
up for holidays so they're not necessarily spending you know i've even heard parents
christmases coming so they're not buying their kids the stuff right now and then there's also the
fact that everyone just bought a bunch of stuff for back to school so they're also not buying just
yet obviously everyday items people are buying okay so here we have my sales my total units
and this is again the seller board app which is what i use we've got shipping that is shipping
both fbm orders that i've been doing and shipping to amazon then we've got the refund costs which i
had some refunds amazon fees that is obviously the commission and the referral fees and all
that kind of stuff when i sell estimated payouts which looks good but i haven't got to the cost
of goods yet so the next is my cost of goods so we have two thousand and my gross profit is
right now about thirteen hundred dollars for the month of september again twelve hours and
1300 so it's pretty good then here at the bottom we have my month to date margin 24
profit margin i'm working on an roi of 64 so how you get that obviously is that i'm spending 2 000
and i'm making thirteen hundred so that's sixty percent and then seller board even goes further
and they'll forecast for you so this is my month forecast i've got the forecasting that i'm gonna
do seven thousand dollars by the time you see this video i will have shopped again because i'm going
shopping tomorrow but this video is coming out on sunday so i have not yet shopped but i'll be
shopping tomorrow so it'll be two probably three because i'll probably go shopping next week also
three times this month so this number will go up but if i didn't go shopping anymore this is what
they're forecasting that i would do so they're forecasting my gross profit off of 12 hours of
work for the month of september would be 1 750 so you don't have to have a lot of time you can do
this part time you can get it going and then quit the job you don't like or you just want to quit
because you want to spend time at home whatever it is you can definitely do it i want to leave
you with the video from buffington from my bolo group he's just going to tell you how he started
what he started with and what he recommends as a new seller hey nikki ambolo family wow what
a great day had a great day sourcing had a lot of fun and i tell you i really appreciate this group
and the contributions everyone makes to the group i've been selling on amazon for about two years i
bankrolled everything i never took any money out i started with 300 and then after a couple weeks i
put 200 more in so i was you know 500 in and and i just kept that rolling every time i'd get a payout
continue buying sending you know feed the beast i enjoy amazon i'm also on ebay and a couple of
other platforms but i i just like the thrill of the chase it's a lot of fun to me i think
for new sellers good advice would be document everything take your pictures it's tiresome you
don't want to do it but you need to do that it's very important just in case you do get an ip claim
i got one literally the first week my account was open all the pictures and receipts and whatnot
that got my account reinstated in about 48 hours so it's very important also i think it's important
to get ungated as soon as you can you don't have to but it could take you a year or longer to get
auto approved you know for certain products and you know brands categories subcategories
and if you think of the possible profit potential over you know the course of many months
it could be a huge difference in how fast you can scale i've been doing it my wife and i enjoy doing
it and we get to travel a little bit and just have a good time there's you know really nothing like
being able to call your own shots and i enjoy it again you know appreciate this group i wish all of
you the best of luck and happy hunting thank you guys so much for watching if you need any help
definitely let me know and i will see you back here for another amazon selling video
you