hi and welcome back to another amazon selling video if you're new to my channel my name is
nikki kirk you can follow me at your selling guide on instagram on tick tock all that kind of stuff
but here on youtube i am nikki kirk i have been selling on amazon doing retail arbitrage for five
years coming up on six years and it's really kind of crazy but i absolutely love it and i've been
helping other sellers get started for the last two years and that has been just so amazing in this
video i'm going to answer some of the questions that frequently come up from both new and
experienced sellers if you like this video don't forget to give it a thumbs up and subscribe and
there's actually something called super tips now that i enabled on my channel i have no idea what
it is but if there's one thing about youtube that i learned it's that you gotta enable everything
new that they send you so i enabled it and if someone gives me a certain tip i will tell you
what it is and what happens um i know what it is right it's like a tip but i just don't know what
happens so that'll be an experience and if i get your name through it i will definitely give you a
shout out in an upcoming video but all that to say don't forget to subscribe if you like my channel
so that you'll get more amazon selling tips right to you right when they upload okay so let's jump
into the amazon questions that come up often the first question is once you start scanning how long
does it take before you're able to actually find anything profitable and for me it took me about
three weeks of scanning in stores but some people find something right off the bat it really does
kind of depend on where you're scanning so i always recommend the walmart clearance aisle
is a great place to start just because it has so much different variety right in one aisle
scan everything on it and it might take you a couple weeks a couple days if you found something
pretty fast consider yourself very lucky because it does take a long time to get started you'll be
gated in stuff you'll be restricted that's what the gated means it won't make any profit you
will be like how the heck does anyone make this work there's nothing out there that you can sell
but i promise you that there is you just have to keep scanning i know when you're starting
your business that funds are tight but if you do have the funds available to join the bolo group
for a month or two it might really help you out so bolo means be on the lookout and it's
all different community members who are sharing one lead every month so we've got this whole list
generated by everyone outsourcing and so that'll help direct you to different stores different
aisles categories things to look for so that is something that's available to you if you want in
your business you can be a new seller and join the group it just helps if you've already been
out there scanning for a little bit so that you have an idea and will be able to share something
right because you do have to share something to remain in the group so the bolo group is your
com slash bolo b-o-l-o and you can learn more and join if you want to another question from a newbie
is have you ever had a manager or someone who's working at the store come up and say anything to
you while you're out scanning and what do you do i have one time i'm not gonna say never no two times
had someone come up and say something but it was never anything negative mostly they're
just wondering what you're doing um but they don't really care so i think we all think that
everyone's looking at us but sad fact is no one really cares about us as much as we think they do
so don't worry about other people looking at you funny or wondering
more often it's customers asking what i'm doing and so i know some people put headphones in to
kind of avoid the talking um if you have the resting b face like i do that might deter people
but there's i don't really worry about it the two times that happened one was at t.j.maxx and um the
lady was asking me what i was doing i was like oh i resell and then she told me about someone else
who actually sells the watches at t.j.maxx i think he must sell him on ebay or something like that or
who knows could be amazon but he comes in and buys watches and so actually if you get to know the
store managers you might have a friend there who will tell you hey we're getting this stuff in or
hey do you want me to hold this stuff for you and they'll let you know when new stuff comes in so
definitely if you are more outgoing than i am i'm a little bit of an introvert i'm right on the line
there so it's not in my nature necessarily to go out and talk to other people like that but if it
is in your nature it definitely helps to talk to the managers or if you're like me we can just step
out of our comfort zone and make a friend and get to know when all the profitable stuff is coming
the other thing that happened was in a grocery outlet in oregon this was early like three or four
years ago um i had sourced that store before and uh lost prevention is kind of in a lower income
area so they had lost prevention people there and he came up to me and asked me what i was doing
and i told him and then he's like i need to talk to the manager and i literally never i saw the guy
again he never came and talked to me so clearly what i was doing was totally fine and i was like
what the heck that doesn't mean like i've heard of some people who've gotten walked out of target or
they still were able to buy what they wanted to buy but they were like awkwardly walked around
the store because target has a negative reseller policy however i shop at target all the time for
my business so i don't worry about it um you'll get used to it i was super self-conscious in the
beginning but you'll get better as you go and you'll realize that no one really cares
question number three what credit cards should you use or do you use or all that kind of stuff that
comes up in the groups all the time so here's my advice on credit cards first of all when i
started selling i was really into that dave ramsey like using a credit card didn't even cross my mind
however if you are smart with your credit cards if you are not smart with your credit cards and
you're truthful with yourself please don't even go down that road because you don't want to get
yourself in more debt while you're learning amazon um because if you decide to quit now you just have
all this debt so definitely be very careful if you do use a credit card but i think credit
cards and business are the perfect combination so i have i think i've left four over the last
five years but i really only use one at this point for my business um i started out with a
chase inc because i heard i saw the commercials i heard that they were really friendly to small
businesses so i had to chase inc they had amazing points that i was able to roll over for cash back
or use for travel then i got an american airlines credit card and that is the one i currently use
because i have so many points on it like i can literally fly three people first class anywhere in
the world and i'm excited to figure out where i'm gonna go so that's awesome totally on points just
by doing every purchase on my business if i can with a credit card and then i pay that balance off
every month i never carry a balance it's always paid off so that is one key if you're going to
use credit cards i also have a credit card that is a marriott i think bon boy or whatever it's called
i get points so i'm currently in a marriott because it's so hot outside in the rv that
i wanted to come to a hotel and just cool off i got this whole state for free from the points for
using in my business so pick what is important to you some have really great cash back offers
some have airline points others have hotel travel points so whatever is important to
you and what you want like in life pick that credit card that would be my advice but again
please don't go crazy like you need to be able to pay it off every month and if you
can't do that you really should consider or think about if you really want to get that credit card
okay next question is amazon prime day what does that mean for us as sellers
it actually doesn't mean very much it just means that there's going to be more traffic on amazon
which is always good for us so maybe you want to make sure that you have your prices adjusted
or where you want buy box eligible all that kind of stuff but it's really more for amazon and for
brands to offer special discounts on things which drive traffic to amazon it's supposed
to be christmas in july and so it'll kind of have that feel but there's nothing i do special
i don't stock more like for that specifically sometimes my sales aren't actually that great
on prime days um compared to other days so i don't treat it any different i just make sure
that maybe i priced you know those two days checking my prices more often and when i check
my prices that doesn't mean i'm always lower than i'm just aware of what's going on with my prices
and my products the next question is how often do i send shipments in so i've always said that
i do this part-time because i've always done it part-time even when amazon was my full-time only
thing that i was doing i was doing it part-time so for me that looks like i go sourcing once a week
and then i pack it up usually the next day or between the two days and i drop that shipment off
so if i go sourcing on like a wednesday i'll try to have it packed up by friday but if not then
i might pack it up over the weekend and drop it off at the ups store on monday but i really try
to go once a week now more recently i've been trying to go every other week because i've got
a lot of other things going on right but i still like going sourcing is my favorite thing out of
all the different things i do i love making these videos i love being in the groups but i absolutely
love selling on amazon even more during q4 i go sourcing once a week sometimes twice a week but i
am like non-stop going going going i did a recent video on where i went to oregon to travel and went
to grocery outlet i sourced three days back to back and that was brutal so i'm really happy with
my one sometimes one and a half days a week you should source as much as you possibly can for you
and your lifestyle that's the beauty of amazon you can do whatever you want like if you want
to go sourcing once a month if you want to go sourcing every other week if you want a goal of
three times a month or every week like whatever that goal is for you you get to make it right
you're the business owner here so definitely do what is best for you your goals and your time
another question from a new seller is i sent in my first shipments and they both had zero dollars
as the shipping fee so when you send in your fba shipping you will get the cost right so it can
be dollars seven dollars you know eighty dollars depending on the size of your shipment how much
that fee is to send it you ps to amazon right so as a new seller you actually get as of right now
and it's been going on for a little over two years now you get a hundred dollars in free shipping
from amazon as like a perk to get you going and sending in inventory they want to encourage new
sellers and so they're gonna give you a hundred dollars free shipping so if you happen to see that
you're a new seller and you send in a couple shipments and you're like why is it zero
you're not it's that's just what it is it's a new program that apparently they don't actually tell
you about but that's why you're not getting charged so it's awesome more profit for you
if you want help getting started selling on amazon check out my beginner fba amazon selling
course in 16 detailed video lessons i walk you through step by step from no amazon account to
how to source what you're looking for where to source how to send in an fba shipment how to
send an fbm shipment as well as how to run your business reports and analyze your business going
forward so it really walks you through literally from no account to like the six months selling
and beyond if you want my help again that's beginnerfba.com where i am right there with
you walking you through how to set up your amazon business another question was how long do you wait
when you return goes through before contacting amazon because you haven't got that product back
the customer actually has 45 days to return the product either through fbm or fba if it
never comes back amazon will credit you back from reimbursement after 60 days so you've
got the 45 days and then it's another 15 days and amazon will credit you back
after that point you can pull reports to see what you need to be reimbursed for and amazon
is usually pretty good now that every time i pull a report there's nothing to be reimbursed because
they already have but the customer does have 45 days in order to return it so it's quite a while
and it's quite annoying especially when you're starting and you're really aware of every single
item that you have that you've kind of got this limbo item but don't worry it'll work itself out
another question that came up in the group is how realistic is to find a hundred percent roi
item i feel like i see a lot of youtubers saying it i don't want to believe this is a get rich
scheme all that kind of stuff it's actually really realistic to find 100 roi item and every shipment
i've got a couple of them if not more because there's a lot of profitable stuff out there
now some stuff sure is 50 roi or 60 but my overall average and i'll show you some couple months here
is always between 70 like at the low end is 70 roi that's after everything has sold so
this is seller board that i'm showing you where i track my profit you're gonna have two months free
the link is below you don't have to put a credit card you can just try it out it links to your
account and you enter your cost and then you can see your profit again this is the profit
after stuff has sold so 70 is pretty good and that means that when i sent it in it was way above that
right because stuff usually comes down and doesn't necessarily always sell for what we sent it in for
but it does sell a lot so it's a hundred percent realistic i know some of the youtubers might
make it seem like it's just get rich quick and it is absolutely not it is work it's a
small business you are starting a business but it is a profitable business if you do it right
okay so that was it that's eight beginner questions sometimes experience seller questions
that come up often on your amazon business so hopefully this video was helpful and gave you
a better idea of what's gonna happen during your amazon business again if you want help
from me to get started there's beginner fba amazon selling course or if you want to join
the group and know what we're all selling every month the bolo group is available all the links
are below or at yoursellingguide.com thank you guys so much for watching don't forget to
subscribe have a happy fourth of july and i will see you back here for another amazon selling video