hi and welcome back to another Amazon selling video if you don't know me my name is Nikki
Kirk and I've been selling on Amazon for three years now all from this RV which is
currently in Texas so the way I've normally sold up until this point which if you don't
know what's going on you know what's going on right so we're under stay at home and all the
stores have really closed so there's not much shopping you can do so up until this point I
have been doing retail arbitrage and fulfilled by Amazon or FBA but now I've been doing a lot
more online arbitrage and fulfilled by merchants for whatever reason I keep calling it manufactured
but it's merchants and honestly when I read it I just read it as fulfilled by me because it's FBM
and I'm doing it so under normal circumstances is kind of annoying because I really like just
shipping everything to Amazon and not having to deal with the customer service and all that
however I've been making insane amount of profits this last month doing fulfilled by manufacturer
that I said it doing fulfilled by merchants or fulfilled by me because Amazon is so backed up
on their shipping and out of the warehouses you actually you're kind of at an advantage because
shoppers want their stuff faster and if you can deliver it faster than Amazon what is it today
like April 9th and some items on Amazon are not shipping until the end of April even into May so
if you can ship it for free or faster you totally are gonna win that customer so I like to show you
what I'm selling because I've always been really open and honest with what I'm making and how I'm
doing on my channel so with that I'm going to show you some of the things I sold last month and the
profits I saw just in case you need that extra little nudge to really get into you fulfilled
by merchants if you've seen past videos where I share profits and show you what the item is but
because it's so new I don't want to share what it is so I'm just gonna share the numbers with
you so I've just titled them 1 2 3 4 5 I've got 10 of them here so on this sheet am I gonna break
down for you the cost of the item the average cost to ship it because obviously that's a huge unknown
and if you're not familiar with it that's kind of scary like am I gonna lose money because of
shipping I also have the cost of the packaging so most of them I shipped in a padded envelope some
I shipped in boxes and then I have the labels so it's just a normal label I normally stick on the
box for Amazon it's the 2-2 aside a box of 200 of them that sells for twelve dollars because
the way Amazon ships out the label it was on both sides so I had to use a whole one so that ends up
being twelve cents a label if I was getting the twelve or twenty five packs of bubble Miller's
those were about forty eight to forty cents each the boxes were fifty eight cents each sometimes
that they get a bigger one if people ordered a lot of something and those were 72 cents each
so really not a lot of cost in all of that so if you're scared about that you don't be scared
it's pretty cheap altogether not even not even a dollar I added the average shipping cost honestly
most of them were under three well let's just say for most of them were under three though so we've
got some 290 s/390 some were more expensive and I'll show you a little bit later how you can set
up your shipping template most of these products people were buying expedited and they were paying
for that shipping so I didn't even pay for that the ones I did end up paying anywhere from three
or four dollars so let's go ahead and jump into him so the first product I sold product number
one I did almost $2,000 in sales average selling crest was 27:56 I sold 66 of them they cost me a
dollar ninety nine when we add in all the totals the total cost for me to buy that item ship it to
the customer was ten forty nine and I profited on that one seventeen dollars I have another
one I did one thousand one hundred twenty one dollars average selling cost of that one was 46
I still twenty four of them they cost me $14.99 so this one wasn't a cheap one but the shipping
was cheap and altogether cost me 1890 for this one but I was making $27 so this is profit this
is the money after the cost of the item and all that another one a thousand dollars you can see
here that one costs $12.99 all-in cost 1649 and I made $21 on that one here's another thousand
dollar total $42 I sold 25 of them $8.99 costs all-in cost 13 21 and I profited 29 almost $30
on that one so here you can see my total profits let's just add that up four thousand nine hundred
and eleven dollars profit and just a month and honestly this was just in a week if I'm being
totally honest let me go through a couple more I'll just leave this up here so you can see it but
so we've got $8.99 was the cost 1290 all-in and I made $36 on that one so that was a great find
let's see so some of these other ones I just found and sold a couple of them a little more expensive
for these ones but the profit was really great I mean 12 dollars it's not twenty dollars I was
seen but I'm not gonna turn away from $12 profit I could just keep reading these off to you but you
can take a look at him if you're scared about fbm like I was honestly I was I can't believe
I did all this it was stressful learning it but learning it on the fly is the best way to do it I
think so I did learn it I did do it and it totally paid off if you aren't used to fulfilled by Amazon
I really highly recommend trying out fulfilled my manufacturer because things like toys kitchen
items things people still want but they can't get out there and buy it right now so they're
gonna look online for it I know I've been looking online for things like bread flour there's still
items people want toys puzzles games all that kind of stuff so you definitely want to get out
there and give this a shot and buy get out there I mean get online if you saw my video on Wednesday I
went through some of the fines I found this week online so you don't have to leave your house very
quickly I'm going to walk you through setting up the shipping template this is a one and done kind
of thing you could get in there and change it if you want to for me honestly don't remember
setting this up I am NOT an expert so you might want to look around but here's how I did it you
just go into your account under settings shipping settings so you're just going and edit it what
I have is I have free shipping I have standard shipping and then I have expedited shipping so
for free it's obviously free I did send some stuff you PS but mostly it was all USPS and I
only did the UPS because it was cheaper for some it was heavy since I go USPS everything gets there
within 7 days so I just went ahead and clicked four to eight days that one and then as you go
down standard shipping honestly no one even did that they all went to free shipping but
I just said $4.99 you have the per pound that you can add that in I can't remember if this
was something Amazon already had or if I added it in but I added it in and then on expedited
shipping I just said $8.99 and then in 99 cents a pound so most of those were coming in at nine
something almost $10 and so I did like I said I didn't have to pay when they did exponentiate
bean I didn't have to pay as a shipping I mean I bought the label but the customer paid for the
shipping the other ones you are paying it's just coming out of your account and all those I sent
Priority Mail because it was just the cheapest so one to two day handling time and you just go
ahead and hit save on that and then you're done you don't have to touch it again if you don't
want to normally I suggest free shipping honestly I still sort of just free shipping I just buffer
in that shipping cost to the price I'm listing it for but you can charge shipping especially now if
you want to because everyone wants it faster and they're not as unwilling to pay for it like I said
I still have free shipping I'm not changing this but it's up to you one last very helpful
tool I'll drop the link below is Rev seller so Rev seller is $99 a year I use it all the time
every shipment I use it on every product because it tells you how much you're gonna make and I use
that to make my SKUs I have another video where I show how I pack everything I get into that but
for this here I'll show you on a twisty pen so you can see you put in there's the selling price you
put in your cost obviously this one's not making money I was just using it as an example so you'll
see you've got the selling price of the item the referral fee the 15% to Amazon so with FBM you're
not paying that extra fee commissions finder's fee the Amazon gets you're paying less and fees
this way and then the cost to ship to buyer so it's really good for you to help figure out if
you want to buy it and what price you want to list it at I highly recommend this I have a link below
honestly it's just a really great tool $99 a year awesome and that is kind of it if you want to be a
part of my bolo group which is still very much happening where we're sharing items that we're
finding online now it's still there if you saw Wednesday's video I talked about some of the
items that are in there you can join that below I also have on gating guides if you want to take
the time now to get on gated and toys and health and beauty and topicals and all that stuff they're
very inexpensive those links are also below I have Facebook groups with them now so if you're
having trouble getting done gated those groups are awesome I think that's it I will see you
guys back here for another video either about my RV life cooking show thank you guys for watching