The Best Amazon FBA Arbitrage Sourcing Routine for Beginners to Hit 10k Per Month
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- Опубликовано: 26 авг 2024
- In this video, I'll be sharing my thoughts on the best Amazon FBA Arbitrage sourcing routine for beginners to reach $10,000 per month as quickly as possible.
To get started, I recommend a 30 replens in 30 days challenge. You should aim to find an average of 67 replens with an average selling price of $10 or $15 and 10 sales per month, per ASIN to reach this goal. It's crucial to find profitable and good inventory, so make sure to check out my other videos on sourcing.
Now, let's break down the routine into several steps, starting with sourcing. Spend at least one hour per day to source products online or in stores to find one new replan per day. You can also spend two or three hours on a few different days, as long as you can find two or three replans on those days to average one replan per hour spent sourcing.
Don't forget to drop a comment below the video to participate in a contest to win my Amazon best-selling book, "Side Hustle to Full-Time Income," along with the free course and audiobook that come with it. Thanks for watching and good luck!
eCommerce Training and Business Building Links:
Free Amazon Facebook Group:
bit.ly/mstgroup
Jimmy’s Amazon Selling Course:
askjimmysmith....
The Proven Amazon Course:
bit.ly/paccourse
Business Building Legends $1 Trial:
bit.ly/legends...
Amazon Coaching (affiliate):
bit.ly/jimcock...
500+ Success Stories:
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Side Hustle to Full Time Income Book:
bit.ly/replens...
eBay Selling Group:
bit.ly/replens...
eCommerce Accounting Services:
ecommerceaccou...
Acquisitional Wealth:
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Kingsbridge Brokers (Business Brokers):
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Affiliates and Discount Links:
Aura Repricer:
bit.ly/replens...
BQool Repricer (Extended Free Trial):
bit.ly/replens...
Profit Protector Pro (PPP) Repricer:
bit.ly/ppprepr...
Helium10 (Discounts):
bit.ly/helium1...
Gusto Payroll Software:
bit.ly/replens...
Relay Bank ($50 Free for First Time Accounts Funded with $50):
bit.ly/amazonr...
Make sure to visit his website, askjimmysmith.com, to sign up for his newsletter so you can stay up-to-date on all Amazon Replens Arbitrage related news and tips!
Additionally, head over to Amazon at this link (www.amazon.com...) to check out his best-selling book, Side Hustle to Full Time Income, so you can learn to add replens to your Retail Arbitrage and Online Arbitrage business!
Disclaimer:
While all of these success stories/testimonials are from real people and we get more each and every day, please understand however that the results posted are not typical. I'm not implying you’ll duplicate them or that you’ll get any results at all! Your results will vary greatly and will depend on many factors including your experience, work ethic and other factors as well. The fact is, the average person who buys any business course or training gets little to no results. The results I share here and in other places are for reference only. Business always involves risk and your best chance of success is to take consistent, intentional action. We can equip and inspire you, but no one, including me can guarantee your results!
Let me know your thoughts in the comments to be entered into the contest! Also, if you're interested in a free eCommerce Facebook group check out my favorite here: bit.ly/mstgroup and to reach out to me, head over to my website askjimmysmith.com/freetraining
@AskJimmySmith is the tool of 500 is it when someone reaches 500 sold Items or 500 send Items to Amazon? 🤔
Thank you for reading 👋
@@farahonaa 500 sold items 🙂
I have been selling on Amazon since 2015. I am always looking around RUclips to see what is happening. I think your approach is honest, sensible, and a solid trustworthy way to get started as a new seller.
Love hearing this, thank you!
Being consistant and staying on track is a struggle for me, Im not gonna lie. Too many distractions here and there, and I don't even have a regular job. Enjoying my coaches and love the wealth of information you provide Jimmy. Thank you for your enthusiasm.
Oh really like the way u telling truth
Linda, get up early and “clock in” like it’s a real job. It helps you get the idea that it’s essential to be working lol
@@nikwieneke8744 I love that tip.
I found eBay easier
You got this!
Signing up for the replens dashboard today - I didn’t realize it was 500 orders or 30 day free trial - great opportunity. Thank you! 🙏🏼🙏🏼
Awesome! We recently made that change to help newer sellers with managing inventory better! I hope you enjoy it as much as I do!
What a timely video! I was talking to my sister just this morning and I told her that my new goal was one replens a day for the next 30 days. I've been at this for two years and I've yet to hit my stride. I read a post last night in MST where someone said that if you get 150 ASINS selling 10 times a month at $3.00 profit, you'll make $50,000 a year. Right now, I'd be happy with half that. That post really made it clear for me what needed to be done. Thanks Jimmy for all you do and for the folks over at MST!
Not sure how I found this channel but I am so glad that I did! I have been attempting to sell on Amazon for over a year and so far I have been able to keep it going with little profit. I feel like I am still a newbie just starting out and love the 30 replens in 30 days so much that I am going to start today! I absolutely love how you break everything down and help me get focused. Since I just found this channel I am definitely going back to look at your other videos and can't wait for the next one! Thank you for everything you do and all the help you are willing to give to people like me who want to have as much success as you have.
I hope you're enjoying the challenge! Excited to see where your business grows from here!
Newer seller here. I sourced a lot last week using Keepa product finder, reverse sourcing and store front stalking. It took many hours in total but over the weekend, I ordered my 1st four products to test for a replen. Hopefully they're not all duds!!
Awesome, congratulations on your first replens! Excited for you!
Any update, are you still selling on Amazon?
@rg26 Nope not at all, after 8 months and coaching investment this business was a waste of time, money and energy. I sold 74k in inventory. Which shows how much I spent to get those sales, and didn't make money. It was awful. It was a learning experience but not worth it. I believe a lot of fairy dust is misted out there that lures you in, but very few can make this work.
It’s really cool that you have made as much as you have made and continue to make on Amazon, yet you’re taking the time to educate others for free here on RUclips. Thank you for what you continue to do for all of us up and coming sellers.
Oh thank you Bryan! I love doing these videos and helping where I can :-)
Love the content🎉🎉 watch all the videos. Your Keepa videos are bomb!!
I’ve had a few audible credits kicking around just picked up the book I always like your channel good content
Awesome! I hope you enjoy it!
Hi Jimmy. Great common sense, useful content (as usual). Staying on track can be tricky but first you need a track! Thanks for providing a track to stay on👍
Another great video with a lot action steps to take. Trying to take the Amazon side hustle full time so thanks for a good solid growth plan to follow.
Thank you so much for breaking this down, as a complete beginner this really made a lot of sense and I love the challenge idea. I will definitely be checking out your other videos. Cheers 😊
Awesome! Looking forward to hearing your progress!
Great content. For those of us listening with earbuds, those popping sounds when the words are put on screen are a bit painful.
Oh good to know! Thank you Connie!
Thankyou Jimmy, for being there for us newbies!.
Great video ! I am relatively new to Amazon FBA and all of the things you mentioned I am definitely going to implement! Thank you !
Great! Excited for your business!
Great video on the basics of getting started and setting up a consistent, profitable business that will grow with time and dedication.
Glad it was helpful!
I love the idea of getting one replenishable per day. It helps me stay on track with a plan.
Awesome! Glad it helps!
Jimmy, thank you so much for another wonderful video! I've always wanted to read your book, so this is an excellent opportunity! Thank you so much for all you do!
Awesome, thank you!
I'm new, and still learning about the biz before to jump on it.!
Excited for you to start your journey!
ok you're speaking in gross terms, when most people say they want to make 10k per month. they are referring to net income (after taxes, business expenses). which means these numbers need to be 3x'd at minimum depending on ROI of that product, in order to hit said goal.. in video example sellers are walking away with 2k-3k per month net income. (which for most is still life changing money) no hate here, just speaking perspective. love the content, liked the video and subbed to the channel.
Absolutely true! I was targeting this to beginners to hit $10k per month in sales. Revenue for $10k per month in profit would be approximately $30 per month in sales or a bit more. Since it was for new sellers that's why I used that number. Going to $10k/month in profit is a different story than the guidelines I gave in this video as there are more complexities
Great Video, Thank you for sharing. First time seeing your videos and became a subscriber.
Awesome! Excited to have you here!
That was really good information. Thank you for breaking it down.
I am really excited to start this! Thank you so much!
Awesome!! Go crush it!!
Thanks Jimmy for sharing these tips. Newer seller as well.
hi
thanks for vid., how do you know the item will sell per month?
Brazilian I found your channel and I'm learning a lot.
thanks
Glad to hear that!
Jimmy, thank you very much for all the great content you provide.
Great video Jimmy! Keep up the great work man.
Thank you!
Great video but those popping sounds during every comment got to me.
Thank you for letting me know! Glad you enjoyed the video
Great content. Will be watching again and taking notes.
Great broken down approach to 10k thanks dude!
Another awesome tips Jimmy. Thank you for sharing.
Great tips, especially on setting dedicated time goals. Thank you.
Happy to help!
Awesome advice Jimmy, I am new to Amazon FBA and this video made a clearer business plan to fly
Love hearing this!
I love your videos and the way you explain things!❤
Thank you! Happy to help!
Fantastic video great knowledge to learn ❤
Happy it helped!
Always valuable information - Thanks
Great video & info
Thank you! Happy to help!
wow i'm a newbie here and i think all this information its great and so valuable with the beginners as me
Glad it was helpful!
Thanks Jimmy!!!
My pleasure!!
Hey Jimmy, thanks so much for the video; I am working my way through PAC and have an audible copy of your book. Would love a physical copy. Really enjoy all your videos, and when you have presented on the Silent Jim podcasts too. You make everything easy to understand and practical
Thank you! So glad to hear!
Great video! 👍🏽. Thank you, Jimmy!
Great information and content!! Thanks for sharing!
Dear Jimmy, thank you for a great video again and all your tips and encouragement. Would love to have a copy of your book. Have a great day
Thank you for the reminder!
nice video. Im a beginner on this game. Hard time to unlock products and find good stuff
Happy to help! Keep up the hard work, it's worth it!
Over these eight failing months as FBA seller, I've come across lots of questionable characters pretending to help but all they were trying to do is to line their own pockets. I get a genuine feeling about Jimmy Smith. I'm going to stick around, God know I need to help. Thank you Jimmy.
Thank you! You got this :-) looking forward to seeing your success as you continue learning and growing in your business!
Great video from a great Jimmy!
Been loving your content, thank you!
So glad to hear, thank you Ian!
Love it
Thank you!
Where is the best place to find replens in the UK?
Tons of places in the UK there is no best place unfortunately
This was really helpful thanks man
Glad to hear!
Awesome! Thank YOU!
great video
Thank you!
Great content as always. I would love to read your book.
Excellent content as always. God bless
Great video as always. Question ! When no one has de buy box Means the product is out of stock or an IP problem ?
It doesn’t mean anything - amazon many times won’t give a buy box because of pricing or other reasons. They can be great items to sell if Keepa shows it does still
Please lose the monotanous music. It makes it really hard to focus on what you are saying.
Thank you for letting me know!
Great content as per usual Jimmy! Signing up for Replens dashboard today, and please enter me into the contest, thank you!
Thanks Jimmy!
I am all in on FBA.
Love it!
Awesome information Jimmy. Any suggestions on a daily task-tracking app?
I don't use apps, I use a paper calendar with a Power List of 5 Things I need to do that day - I've discussed that on this channel before :-)
How little money can a person start selling with on amazon? Can someone start with $500? Thanks Jimmy.
Absolutely! I've seen people start with less than $100
Love it challenge. Starting this challenge ASAP
Great! I hope it's going well for you!
Thanks for the excellent info
Glad it was helpful!
Hello! Thanks for this awesome video. How do you know the expiration date of food products when ordering online? Thanks!
You don't unfortunately - but you will want to speak with your prep center if you use one on how they handle bad dated products
thanks
You're welcome!
Great video. Would like to read your book.
Hi Jimmy Smith. It seems that I may be a giveaway winner. If that is so, please let me know what to do next. Thanks so much
Congratulations! The instructions are in the video where it announced the winner which is to email jimmy@askjimmysmith.com :-)
Would love your course, book and audio book.
Great! Check out my website at askjimmysmith.com :-)
Hey, I really liked your video. I would like to start my Amazon reselling business. Need help on some of your resources. Thanks.
Not sure what help you need, but I'm happy to help in any way! Feel free to check out my site at askjimmysmith.com
Hi there Amazon family, have a quick question for you all who are well versed in FBA space. What tools or how do you decide which ASINs to enroll in FBA? (Any help or resources would be greatly appreciated).
Tons of training on this channel for that. When it comes to arbitrage the biggest thing to know well is Keepa. Check out my Keepa playlist on this channel. Knowing a product has a good Keepa chart and has good profitability/ROI are the key factors as long as you are ungated in the category and brand
@@AskJimmySmith Thanks so much for your reply! Do you mean by Keepa chart, the historical pricing over time?
@@natacouture Yes and the seller trend over time
I would love to have your book! Love your videos!
Thank you!! You're entered into the contest :-)
Already have your book - great read. Excellent video. One suggestion - considering the state of woke issues right now (and companies forgetting who is paying their bills), I would seriously consider losing the Nike hat. Go back to the St. Louis swag - much less controversial.
Thank you for the recommendation! I'm traveling and unfortunately only have the Nike one with me right now :-/
When you are sourcing the 30 days, how much quantity of each item would you suggest buying? Realistically for a new seller lol
It varies depending on Keepa but I typically suggest between 4-8 is ideal but 2-6 is good if someone is really learning the process and is brand new
Can you do a video on how you handle fake IP complaints from other sellers?
I've done a whole series on Account Management/Health you can check out the playlist on my channel if you'd like
Love your content, and your candor. Looking forward to watching all your videos as I continue on my own journey with FBA. 🙏
God bless you brother!
Thank you! God bless you as well!
Nice work my friend 👍
Thank you :-)
When you say 10k you are talking about sales or profit ?
$10k sales :-)
Feel like I can’t find anything, I’ve bought 2 separate courses in total spending 1,700$ and I still have been able to make my money back. Feel like the market is to saturated now. The past 2 days I haven’t found anything.
I've heard the market is too saturated since 2015 and have seen hundreds of millions of dollars of sales happen from arbitrage sellers since then. It's not too saturated, it's just difficult especially when starting. It can take a few months to get used to the process and what you're looking for. If you've spent that much in courses then that may be the problem. The only course I recommend which includes over 15 different courses in one program is the Proven Amazon Course which costs $39/month and you get a free group that goes with it. You can check it out at bit.ly/paccourse (my affiliate). There are no other courses needed in my opinion and the price is extremely low.
However, you don't need more courses to succeed. You can succeed with putting in consistent effort. Also, check out the Free Facebook group at bit.ly/mstgroup with over 70,000 eCommerce entrepreneurs that is full of great content.
500 orders sold or 500 post to sale on Amazon? Thank you for reading 👋
500 orders sold :-)
I have not started. And need help getting started
Check out the free community MySilentTeam facebook group here: bit.ly/mstgroup or if you're interested in a course that's currently $39 per month you can head over to the Proven Amazon Course at bit.ly/paccourse
I just bought the audiobook. Does it also include the course?
Yes! It's in the first couple chapters of the audiobook where I mention how to get the mini-course for free
Let's Rock!
In my case I do have 76 replen items in 2 months but I don’t have enough funds to get more replens . No more sells as in each replens there is tums of seller from FBA &fbm . Help……..
I recommend checking out my Profit First videos, that may help you to be able to manage your funds a bit better so you can keep growing. Check with your accountant or bookkeeper first to make sure it's the right fit, but it could help!
Thanks for the info Jimmy.
Happy to help!
Hi Jimmy, How do you go about with suppliers sending products with expiration past the minimum requirement of amazon
Return the products to the store and stop ordering those products from that store/distributor
thank you 🎉 ❤
Happy to help!
Like your podcasts. Coujd use a few coaching sessions to learn how to use seller amp for retail arbitrage. Do you offer this? Thanks. Lew
I don't use Seller Amp actually but if you're looking for coaching calls check out bit.ly/jimcockrumcoaching
Thank you for your video
It’s my pleasure! Glad you enjoyed it!
i want the course
askjimmysmith.com/sell-on-amazon
Awesome video
Glad you enjoyed it!
Is the key difference between OA and OA replens basically that replens are full price?
Mainly that you can repurchase the item over and over again profitably. Sometimes items can be replens when on sales cycles only but most replens you will be trying to purchase at full price
Like your podcasts. Reformed Amazon FBA library book reseller looking for 2-3 coaching sessions to learn and get started with seller amp and keepa. Do you offer this? Thanks. Lew
I don't use Seller Amp actually but if you're looking for coaching calls check out bit.ly/jimcockrumcoaching
Love this but have limited time
Totally understand! Hopefully when you’re able to make time you can come back to this and implement it
Hi Jimmy,
Haven’t hit my $10k milestone yet, even with having a PAC coach.
I must be doing something wrong!
That’s why I was intrigued to watch
your video so I praying you have a “pearl” for me.
Thank you 🙏
You'll get there!!
Keep at it!!
Thanks
Let's go!!!!!!
YES LET'S GO!!
I was on track to start April as a good month and boom amazon seems to have lost my shipment. I have limited funds so I almost went out of business I just sent another package hopefully it won't get lost too😢
I'm sorry to hear that! You should get reimbursed for those items though if you send in documentation!