Instead of multiplying the price by .6 to get sixty percent off, then subtracting it from the total, instead, multiply by .4 to get the amount you'll pay. $21.99x.4=8.80. Saves a step.Think of it as the amount you're paying, not the amount you're saving. 40% instead of 60.
Love JoAnn’s as I’ve been sewing & designing clothes my whole life. So glad you did this video! Stuff I can really get into! Hope you do other stores like Michael’s & Barnes & Noble as you said. Thanks 👍🏻
I'd add this...when shopping at JoAnn's...they give teacher, military & senior discounts on certain days of the month. If you don't quality for these, take grandma with you! LOL
Nice video and great idea but just a few thoughts. On the yarn and you could have easily FMB'd them with how light they are an easily saved on the FBA fees and potentially made better margins. Also are you sure these ranks aren't over inflated due to a parent/child listings where good selling colors are making the rank over inflated on the slower selling colors? That happens alot on craft products and can cause bad buys easily. This is where Keepa and looking at data is highly needed vs blind buying based off BSR especially for newer sellers.
Love the video. I never would have thought of this. Have you ever thought of doing a video of how you do the Amazon FBA from beginning to end, such as buying, packaging, labeling, shipping, etc and what you pay in costs? It would be a very informative video.
Thanks for the video! I did something similar at Kohls before Christmas but by the time the shipment was processed by Amazon, Amazon had dropped their prices. What's your suggestion on something like this? Do I just list my items at a profitable price and let the listing sit there for however long it takes? Or do I lower my prices and make smaller margins?
Mate what an inspirational video, thank you for the novel idea & approach. Ive just been forced into fulltime reselling sooner than i planned and just startrd my own youtube channel, so i'll gladly take all the tips and help i can get 👍🤝
Can I ask you a question, what happens if you sell an item through Amazon and the person that purchases it returns the item because they didn’t like it ? What happens then do you have to pay back the money you made from the item or what ?
Great content brother! Can we get some behind the scenes type videos. Like how long a particular batch took to sell. Or dealing with the Amazon stuff, packaging, shipping costs. Maybe how to sign up to Amazon seller as individual. Counting game prices lol idk. Thanks for the great content, keep it up!
10:08 heres you a protip, if you want to see what its price is without having to do all of that extra remembering on percentage you do Price * (1-%) so 21.99*.4 = $8.796
You know the way I have always done it was to move the decimal over to the left 1 place on both the cost and discount, and then multiply that by the % off. So for example $24.95 at 40% off would be $2.45*4. And you can generally round up the cost to make it easier to do in your head, so I would say it was $2.50*4 which is easy to come up with $10 off.
I binged watched a lot of your videos going back two years and I was in some of them from red white and blue thrift 😂. Had to stop going there people arguing over items and people stealing from carts have gotten wild! Impressed you found anything from that Joann’s I can never find anything in Torrington!
Yea, red white and blue can get wild. I dont go there super often anymore, but I do try to get out there a few times a month. This was my first time trying out Retail Arbitrage at Joanns and was pleasantly suprised
Very informative video. I would have never thought to go to a place like Jo Ann’s. Gives me inspiration to try other stores too. For those who think it’s too much work, a lot of people work much harder in their 9 to 5 and don’t make near as much. This is just one option. Everyone has to decide for themselves what works best for them.
Wow that is just crazy finds at Joannes fabric. How hard is it to sell on Amazon for a new reseller do u have a tutorial on how to get started selling on Amazon Platform?
Great video. The Amazon ap you are using, do you have to pay the monthly fee for Amazon to access that. We are not Amazon members? Also, when you put the money out to purchase all those items. How long will it take to actually to get your money back and profit when and if they sell? Do you list the items first before you ship it to Amazon or ship and wait for your items to be see buy people in Amazon? To me you have to put all the money up front and you do not know how long it will take for you to get the money back from those items.
I have a question for you I have three vintage VHS tapes I was wondering if they are worth any money I have ET, I have Ghostbusters, and I have Beetlejuice/would you like to buy them?
Do you do training/consults to help people get going? Would happily pay for help and individual advice re: getting ungated in categories and such. (We have a seller account, haven’t done much with it).
I don't trust JoAnns. In the first place, the items have a high mark-up and when put on sale, the customer is paying the regular price with a store profit. Don't be fooled. Stores do this all the time. They're not going to be out any money even on sales.
Lots of math to make 20% profit margins. Got to find 2-5x or more profits. This is good for folks who have a large amount of income to dispose of. But a lot of these items with 200k ranks are not going to recover your money fast. If these items was selling this fast, the average crafter would be buying these up in this store but yet the shelves are full. That being said you wouldn't profit anything on these on ebay.
@@justslides8588 I mean my comment got 9 likes already so they know that prices and ranks matter and being ungated does too. Also I didn't see him buying any and coming back later and saying I sold those so fast. I'm a fan of him but like I said in the comment you need to invest to make money at these margins
Yeah, it's nothing but being a patsy third party supplier at this point when they're taking 50% in fees. I don't mess with anything that doesn't give me at least 4x a return on my investment.
Bought a house and have been moving for the past 2 weeks. Im mostly settled in, but so behind on work and youtube sadly. I wish I recorded some more videos to upload while I was moving but I didnt have time :(
Idk if you watched the whole video or not, but the paper find was massive. Multiple quantities of the same product help so much. Gas to the store and gas to mail always makes me chuckle. These stores are in my town and the UPS store is on my road, it couldn't have costed me more than $2 in gas. Packing supplies are maybe another $5-6 max. You can even find boxes for free at so many places if you are tight on cash. I recommend if you are new to check out Facebook Marketplace in the free section for bubblewrap and moving boxes. There is always a few people trying to give that stuff away. I think ill make a video breaking down all those costs in the future, because I hear this arguement a lot. Amazon is a different beast than ebay, you aren't paying to ship each item individually. You pay to ship a large box filled with items to Amazons warehouse and the price drastically dropps per item. Sometimes as low as 10 cents.
The ranks help with understanding how fast things sell. All the paper should sell within a couple of weeks at most. When the rank is lower, the faster the item sells. Ive been doing this so long I can tell an item will sell decently fast this way.
how come you didn't buy anything you talked about ?
He does that a lot even at Goodwills. Still great videos but I think he's looking for higher profit margins for his time 🤷🏼♀️
Instead of multiplying the price by .6 to get sixty percent off, then subtracting it from the total, instead, multiply by .4 to get the amount you'll pay. $21.99x.4=8.80. Saves a step.Think of it as the amount you're paying, not the amount you're saving. 40% instead of 60.
Love JoAnn’s as I’ve been sewing & designing clothes my whole life. So glad you did this video! Stuff I can really get into! Hope you do other stores like Michael’s & Barnes & Noble as you said. Thanks 👍🏻
I'd add this...when shopping at JoAnn's...they give teacher, military & senior discounts on certain days of the month. If you don't quality for these, take grandma with you! LOL
Nice video and great idea but just a few thoughts.
On the yarn and you could have easily FMB'd them with how light they are an easily saved on the FBA fees and potentially made better margins. Also are you sure these ranks aren't over inflated due to a parent/child listings where good selling colors are making the rank over inflated on the slower selling colors? That happens alot on craft products and can cause bad buys easily. This is where Keepa and looking at data is highly needed vs blind buying based off BSR especially for newer sellers.
Did you buy anything though?
Love the video. I never would have thought of this.
Have you ever thought of doing a video of how you do the Amazon FBA from beginning to end, such as buying, packaging, labeling, shipping, etc and what you pay in costs? It would be a very informative video.
I've always wanted a video like this, and i think he would be a great choice to explain the process in way we can understand.
Did you buy any of it?
Why would you leave 1k in profit?
did you see any of it in his cart ? no you didn't
Thanks for the video! I did something similar at Kohls before Christmas but by the time the shipment was processed by Amazon, Amazon had dropped their prices. What's your suggestion on something like this? Do I just list my items at a profitable price and let the listing sit there for however long it takes? Or do I lower my prices and make smaller margins?
Mate what an inspirational video, thank you for the novel idea & approach.
Ive just been forced into fulltime reselling sooner than i planned and just startrd my own youtube channel, so i'll gladly take all the tips and help i can get 👍🤝
Can I ask you a question, what happens if you sell an item through Amazon and the person that purchases it returns the item because they didn’t like it ? What happens then do you have to pay back the money you made from the item or what ?
Great idea to go to a “regular” store!
Thank you! I had fun making it :)
Great content brother!
Can we get some behind the scenes type videos.
Like how long a particular batch took to sell. Or dealing with the Amazon stuff, packaging, shipping costs. Maybe how to sign up to Amazon seller as individual. Counting game prices lol idk.
Thanks for the great content, keep it up!
10:08 heres you a protip, if you want to see what its price is without having to do all of that extra remembering on percentage you do Price * (1-%) so 21.99*.4 = $8.796
You should talk about the taxes you pay on your profits. Id like to know what that looks like.
You know the way I have always done it was to move the decimal over to the left 1 place on both the cost and discount, and then multiply that by the % off. So for example $24.95 at 40% off would be $2.45*4. And you can generally round up the cost to make it easier to do in your head, so I would say it was $2.50*4 which is easy to come up with $10 off.
I binged watched a lot of your videos going back two years and I was in some of them from red white and blue thrift 😂. Had to stop going there people arguing over items and people stealing from carts have gotten wild! Impressed you found anything from that Joann’s I can never find anything in Torrington!
Yea, red white and blue can get wild. I dont go there super often anymore, but I do try to get out there a few times a month. This was my first time trying out Retail Arbitrage at Joanns and was pleasantly suprised
Very informative video. I would have never thought to go to a place like Jo Ann’s. Gives me inspiration to try other stores too.
For those who think it’s too much work, a lot of people work much harder in their 9 to 5 and don’t make near as much. This is just one option. Everyone has to decide for themselves what works best for them.
In Australia we have a craft store called Spotlight. Maybe I should go there since Joann sounds like the US equivalent and has good sales
What apps should we use in Australia to get comps/prices on?
I get an extra 15% off for being a healthcare provider, too! I don’t resell anything from Joann though.
Wow that is just crazy finds at Joannes fabric. How hard is it to sell on Amazon for a new reseller do u have a tutorial on how to get started selling on Amazon Platform?
usually Craft Materials are already dirt cheap. The high prices are with the equipment and furniture.
Great video. The Amazon ap you are using, do you have to pay the monthly fee for Amazon to access that. We are not Amazon members? Also, when you put the money out to purchase all those items. How long will it take to actually to get your money back and profit when and if they sell? Do you list the items first before you ship it to Amazon or ship and wait for your items to be see buy people in Amazon? To me you have to put all the money up front and you do not know how long it will take for you to get the money back from those items.
Any UK equivalent to this shop
Hobbycraft
@@TomTheEnglishPicker thanks
Just saw you on the Travel Channel with the ghost reflection in the CD. Interesting stuf! Did they pay you anything for the interview?
I have a question for you I have three vintage VHS tapes I was wondering if they are worth any money I have ET, I have Ghostbusters, and I have Beetlejuice/would you like to buy them?
Hi from the Uk. Interesting stuff. Could you get more off with coupons on top and maybe get cash back on purchases with Rakuten or similar apps?
Definitely! Theres always more ways to save a little more.
Would you have to wrap the thread individually or can you just tag it?
I would place one in a clear polybag thats a bit bigger so you can put a sticker on the bag.
WOW 😲 Great idea, thanks for sharing 🙂
Thank you! Glad you enjoyed :)
I'd be interested more in seeing your hauls. Neat to see profitable items everywhere though even if I don't personal do Amazon.
Do you have a new video on the way?
When I try this in stores, I get a lot of weird looks from other customers and store employees. Do you ever get that?
Do you do training/consults to help people get going? Would happily pay for help and individual advice re: getting ungated in categories and such. (We have a seller account, haven’t done much with it).
7:32 what are thimbles anyways
To protect your fingers from getting pricked from needles while sewing.
@@lnruiz2003 oh ok
I’m always the thimble when I play Monopoly.
Great video! Do you ever buy online to sell online? Just curious because I am disabled and only buy online these days.
why would he? he wouldn't make anything doing that
@@YcatsVlogs I meant amazon return pallets or wholesale lots, things like that. Sorry for being vague.
@@suzannebizzaro4658 do you not watch youtube at all. people buy pallets all the time and make money from it.
Excellent video! Who knew. Plus, you might have a coupon too.... lol
Do you use a re-seller's license when you buy stuff from places like Joann's?
Umm you buy a heap of those by 3 get 2 free, they only give you the cheapest items free. So be prepared to do multiple transactions
Do you have to pay to ship the items to the Amazon warehouse?
I don't trust JoAnns. In the first place, the items have a high mark-up and when put on sale, the customer is paying the regular price with a store profit. Don't be fooled. Stores do this all the time. They're not going to be out any money even on sales.
My question is: do you actually buy and resell any of these items you show OR do you just make $ from the vids?
Videos
Lots of math to make 20% profit margins. Got to find 2-5x or more profits. This is good for folks who have a large amount of income to dispose of. But a lot of these items with 200k ranks are not going to recover your money fast. If these items was selling this fast, the average crafter would be buying these up in this store but yet the shelves are full. That being said you wouldn't profit anything on these on ebay.
The ave. crafter is NOT buying them for resell.
All the paper he found were amazing flips idk what you’re talking abt
@@oldfartvideos63 no they would be buying them because the prices are good
@@justslides8588 I mean my comment got 9 likes already so they know that prices and ranks matter and being ungated does too. Also I didn't see him buying any and coming back later and saying I sold those so fast. I'm a fan of him but like I said in the comment you need to invest to make money at these margins
Yeah, it's nothing but being a patsy third party supplier at this point when they're taking 50% in fees. I don't mess with anything that doesn't give me at least 4x a return on my investment.
I was just wondering how come you didn’t buy any of these things that were good sellers?
Also, I noticed he doesn’t answer any of the questions that are posted in the comments. I really enjoyed this video but that bothers me.
0:03🇺🇲Hawaii🤙
The profit is so great and flying of the shelf i will leave it behind (the cart was a movie prop )
Thrift school where u at
Bought a house and have been moving for the past 2 weeks. Im mostly settled in, but so behind on work and youtube sadly. I wish I recorded some more videos to upload while I was moving but I didnt have time :(
@@ThriftSchool no problem Bud! Congratulations on your new home
@@ThriftSchoolI was wondering also!! Congrats on your house. Can’t wait for new vids ❤
@@ThriftSchool When do you reckon you'd make your next video?
They filed for bankruptcy. This is Social Media not selling. Your Ebay store is linked for sales.
NICE MAN ... GREAT VIDEO RA IS GOOD ...IF U HAVE MONEY ...LOL
Thanks man! Yeah the more money you have, the more you can make lol
Did Thrift School quit RUclips??? No new videos for awhile
ThriftSchool has moved house and is settling in first
First!!!! Awesome video!!
w00t w00t
@@ThriftSchool Yeahhh! Boyyyyy!!
Hey guys look at all this easy money you can make then buys nothing I wonder why
Just not worth it for $5 or less an item when you think about gas to store, gas to mail, packing supplies, and time.
Idk if you watched the whole video or not, but the paper find was massive. Multiple quantities of the same product help so much. Gas to the store and gas to mail always makes me chuckle. These stores are in my town and the UPS store is on my road, it couldn't have costed me more than $2 in gas. Packing supplies are maybe another $5-6 max. You can even find boxes for free at so many places if you are tight on cash.
I recommend if you are new to check out Facebook Marketplace in the free section for bubblewrap and moving boxes. There is always a few people trying to give that stuff away. I think ill make a video breaking down all those costs in the future, because I hear this arguement a lot.
Amazon is a different beast than ebay, you aren't paying to ship each item individually. You pay to ship a large box filled with items to Amazons warehouse and the price drastically dropps per item. Sometimes as low as 10 cents.
🔥
👍
You are assuming these items are going sell fast,,,,,
The ranks help with understanding how fast things sell. All the paper should sell within a couple of weeks at most. When the rank is lower, the faster the item sells. Ive been doing this so long I can tell an item will sell decently fast this way.
😮