hi and welcome back to another amazon selling video if you're new to my channel my name
is nikki kirk otherwise known as your selling guide on instagram and tick tock
but here on youtube nikki kirk and i've been signed on amazon doing retail arbitrage
for five years now and i'm coming up on my sixth year which is really exciting and super crazy but
i love it so much that i have no plans to stop so in this video i'm actually gonna go this is a part
two of my grocery outlet sourcing trip so if you follow my channel you know that i went
in april to grocery outlet in oregon and i sourced like crazy
so this is part two recapping everything that's sold so far and how much profit i actually made
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out so just a real quick recap this is a part two video so in april i went to oregon to source
specifically for grocery outlet i'm from oregon my parents live there so i didn't have to pay
for a hotel or anything but i did have to pay for my flight and i rented a car for a week
because i wasn't going to use my parents car they need their car so i rented a car for the
week and which was really fun because i got to drive a jeep wrangler which i've always wanted
now i can say i don't really want one anymore but it was real fun i absolutely love sourcing
grocery outlet because it has so much profitable items usually they are like discontinued or hard
to find which means they have even more profit on amazon so i love it and it was well worth the trip
i went sourcing for three days so i went sunday monday and tuesday which is not something i
normally do outside of q4 during q4 i'm sourcing as much as i possibly can sometimes two times a
week very rarely do i ever do three days a week um and after this last trip i don't think i will
because my back was starting to go out sourcing is physically exhausting so going three days back to
back was really exhausting but then i packed it up the next day so what's that wednesday
and dropped it off friday so or thursday i can't remember now but let's just say i dropped it off
on friday i'm pretty sure i did and then i flew back on saturday so i was there for an entire week
and that shipment was my largest shipment ever 645 units the total profit that it was estimated by
inventory labs at the time i packed it up because i used inventory laps to pack it up
was 5246 dollars that's how much inventory lab estimated that i would make on it and the total
sales volume that this order could do was 14 000 so that's a lot of money for one shipment
let's see how it really did if you are totally new and you're watching youtube videos and you're kind
of interested in selling on amazon but you're not quite sure definitely check out my beginner fba
amazon selling course as one reviewer said it's literally like a friend sitting there step by step
walking you through it because i broke down every lesson there's 16 lessons and video formats all
of it is step by step broken out for you it comes with a facebook community it has the video lessons
it has a written transcript of the whole entire thing and it also has audio files which you can
download and listen to like a podcast so however you're learning style i am right there with you to
help you i'm in the group every day answering your guys's questions so definitely consider it if you
want to start your amazon selling business at the time of this recording it has been
eight weeks two months since i dropped off the shipment at the ups store we'll really kind of say
seven weeks because you know it takes a while from it to be dropped off and shipped and arrived to
amazon's warehouses so it's a perfect time to do a little recap of what has sold now how much money
did i spend on this trip like i said i stayed at my parents house i rented a car that was 849 for
the week i also had to fly there and unfortunately it's not that cheap to fly from tulsa to portland
so it was 650 for the flight but the great thing is all this is business tax deductible so these
will be just an expense on my businesses at the end of the day so if i had gotten a hotel that
also would have been a business expense and i gotta tell you it was a lot of fun traveling
and sourcing so i'm definitely gonna make sure i do more of that especially now that i'm kind
of uh home based in oklahoma i want to get out there and travel some more and why not do it
while sourcing my two favorite things so at the end of the day i need this to profit at least 1
549 to get to my break even where i paid for the car and i paid for the flight oh plus 60 of gas i
forgot that i but this was before gas went crazy so it was only 60 to fill it back up to the level
that i used okay so let's dig into the inventory labs reports if you remember i did the suppliers
as or grocery outlet or walmart because i wanted a way to pull out a report that would tell me how
this shipment did and currently there's not a way to do that except for just by supplier and while i
have lots of inventory over the years from grocery outlet i just want to look at this stuff from this
shipment so that was a helpful way for me to do it um if you know of a way where you can pull it by
batch like your inventory lab batch that would be awesome wouldn't it be awesome to
see how each shipment did but apparently that's nothing so unless you know of a way let me know
so we're going to go through the supplier profitability report that i pulled and it is
based on the supplier that i called it when i was creating my shipment in inventory lab if you don't
use inventory lab i highly recommend it there's a link below where you can get a month for free
it's awesome and it makes your fba shipment so much better and also has this reporting so if you
want to check it out the link is below so if you remember i really only had four stores so there
was grocery outlet which was the bulk of my stuff but i also went to target i went to tg max and i
went to walmart and dj maxx these were items that i was kind of replanting so i didn't change their
store and we're not going to get into those i mean they're so small anyways so i really only did the
four so here's the supplier profitability report first up we have walmart total of eight units sold
and the revenue was 449 the profit on those was 174 now if you remember when i sent it in at the
time it said 279 in gross sales but i've actually done 449 so that's awesome the roi on that is 113
so over 100 roi always a great thing when you're selling on amazon next up we got tj maxx so at the
time i sent it in it was estimating my gross sales to be 342 in sales from tj maxx specifically and
as you can see i've sold 12 units and i've got 255 dollars so not just under 100 less 73 profit 76
roi i still have one on hand for there you can see here i still have items that haven't sold
and you'll continue to see that throughout this report when i say that i want stuff to sell fast
what i mean is i want it to sell within two to three months obviously month one would be awesome
but by month three so i've got another month on this shipment before i kind of go like oh
why isn't it selling so i do have some stuff left but i'm confident that it's gonna sell when i say
i wanna flip stuff fast or if you ever hear me say it now some people might think they're gonna
flip real fast that's not really how a profitable long-term amazon business works i want my stuff to
sell for the price i need to sell for to make a profit right so i'm not nickel and diming penny
dropping to make the buy box i'm selling my stuff for what i wanted to sell it for which is a profit
so just know that when i'm talking about selling stuff quickly i do mean like three months so it's
not technically that quick but it is quick it's not sitting there for years on end like some
sellers have items that sit there for a really long time and that you've got all these long-term
storage fees and that's not the case i'm trying to sell it quickly quickly three months okay now back
to target so at the time i sent it in target's estimated sales volume was 918 dollars and so far
i've sold 612 dollars so doing pretty good there my roi on target is the lowest of all the stores
with 50 so it is hitting my minimum like roi that i want even though it's 22 items 50 roi so you can
see here i still have 10 items on hand for another this is the buy cost so this is what i spent
this is how much money i still have sitting there i need to make back 64. for target all right and
now the big one we've made it to grocery outlet so if you remember at the time i sent it in it
was sales volume estimate of 12 000 so let's see how it did i have sold 302 units from my grocery
outlet for my gross revenue of 6 326 profit from my grocery outlet sourcing 1 945 dollars for 93
roi of course that's awesome right just from the grocery outlet which was the point of my trip i've
already covered the stuff i still have on hand 266 items though so i still have a lot left to sell
now we're going to take a look at the total so i have sold total of the 645 units i sent 344 of
them for gross sales volume of 7643 my profit that i've made 2 332 83 roi three refunds still on hand
almost have the same amount on hand i've sold just over half of it and if i take the 83 roi
use that as my cost of goods that are still sitting there if i say i spent this much and i'm
going to get 83 roi return on investment i have still profit left sitting there that will sell
four hundred dollars left of profit now i don't really think it's going to be 83 roi because at
this point it's been there for a while right it's been there two months and it hasn't sold i still
have it priced high that's why it hasn't sold i'm not trying to you know go to the bottom i still
want to sell it and make money so let's rough estimate that i'm going to make another thousand
dollars of profit on that shipment so now we're talking 3 300 of profit from one sourcing trip one
full-time week i don't always sell full-time i say this often i've always sold part-time
except for q4 where i do move into full-time mode because i want to make that money but normally i'm
just sourcing one day a week so i went a full week full five days typical work week i made
it work and so far from that one shipment three thousand three hundred and thirty two dollars
two thousand of it is actualized one thousand is still waiting to sell so now if you sell on amazon
you know that like when you send in a shipment it said i was gonna make four thousand five hundred
dollars that's like if everything's sold for the price i sent it in and i always send it in
a dollar more just in case the buy box changes i want to make sure that i'm not losing profit
but sending in for thinking i'm going to make 5 000 and really making 3 000 is pretty freaking
awesome again for one week of work and it was a fun week of work right i got to travel
i got to see my family i got to make money while i was doing it i got to go shopping
all of my favorite things and i gotta do it and i gotta call it work and make money doing it that's
why selling on amazon is so much fun because you get to make money working whenever you wanna work
you can work one day a week you can work one day a month like literally whatever you want to do
you can make it happen with your amazon selling business you can grow it to what you want to grow
it to you can give yourself the freedoms that you want if you want more time with your family
you can make that happen selling on amazon is so much fun which is why i like to do these videos to
encourage you to keep going to start whatever it is that you need help with on your amazon business
i have different resources out there to help you so of the total money that i spent on the trip
i made just under 800 of profit if we take out the money already plus i have another thousand
dollars of profit that i expect to make on this shipment so all together profit-wise net profit
after you take out the expenses that happened on the trip we're looking at eighteen hundred dollars
which is pretty great for a fun week of work and it's not even q4 so that's why you gotta go to
grocery outlet if you haven't already make a trip honestly it's worth it let me know how it goes if
you're ready to start your amazon selling business head to beginnerfba.com and i will teach you how
you can start selling on amazon thank you guys so much for watching don't forget to subscribe
and let me know if you liked this video and i'll be sure to break down more shipments along the way