Retail Arbitrage For Beginners - The $30,000 FBA Secret
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- Опубликовано: 5 окт 2024
- I'm breaking down one of the TOP beginner FBA secrets that I rarely hear mentioned on other Amazon Retail Arbitrage business channels... RELATIONSHIPS.
Building relationships with stores and managers is one of the biggest tips out there for beginners who are feeling nervous about scanning for your Amazon FBa business.
This weeks challenge for you is to go out and make some connections! Get some manager phone numbers. Get some exclusive deals. Get into some back warehouses. Build. Those. Relationships.
P.S. There is a bonus for you folks who watch to the end ;)
As always, don't forget to Like/Subscribe and then check out our free Facebook mastermind community: Facebook.com/c/hustlebuddies
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I bring Starbucks to one of my fave sourcing locations. They give me extra discounts/free product all the time.
Lol I loved the "I don't want free products!!!" story you told :D
Thirty-five years ago I worked in retail for Radio Shack. They had a spiff (a small bonus for selling a old clearance item). I loved those! If the store was still around today, you could make some really good money selling their clearance items and the sales person would love it!
Great info! Would love to see how to streamline processes. Time is my current issue and it seems to take me forever to list prep and pack!
Great suggestion!
Wow! Love this advice. this group has changed my family's life for generations to come!
Wow... We've been blown away by the response of our community and how many folks are taking action and changing their lives. ❤❤
Next Video suggestions: Q4 Preparation and timing to send them.
Scaling and dealing with bottlenecks.
Thanks for what you do
Great ideas! I've got a lot of Q4 stuff planned for the end of the month :)
@@HustleBuddiesOfficial
Fantastic! A Q4 video would be incredibly helpful :-)
For those of us brand new to not just arbitrage but also to retail in general, can you do something going over all the lingo? i.e., Q4, bottleneck, sustainability & scaling (what it means & why it's important) and maybe there already is that video out there...I've watched a lot of you tube videos and many I've subscribed to bcz they have knowledge and expertise. But there is something special abt you and your wife. Two real people who understand the struggle or haven't forgotten anyway and genuinely youtubing to help not to always profit. Seems as though many give good info but leave out little details that can honestly make a difference and set ourselves apart. I tend to sometimes focus too much on the details enough to where it deters me from getting where I need to be. I realize I need to trust the process more at times. But everyone learns differently. If there were more videos out there that can keep in mind the diversity of how people learn and interpret and maybe break things down a little more, I believe we'd see many more success stories. I know a lot of people are just plain lazy and expect to be spoon fed every little thing and as a you tuber I'm sure you have to pick and choose what to include and exclude. But over time as I've been trying to learn from others and have joined many many paid and free webinars and courses, I've found I get stuck on what seems like a small thing but ends up being pretty important to understand at some point...so I'll comb through comments and question's hoping someone else asked the same question and actually got a response. Very rarely do we get a response! Prob bcz it's a question that can be answered through a little site searching on our own...but when it comes down to making a decision as to whether or not I should buy a membership or upgrade something or even purchase a product to resell and make a profit, if we're not understanding some of the key terms etc and can't pick up a phone and talk to an actual person, it makes sense to me why many people hit that hump and end up giving up. So many times I've been working towards something or on something going step by step and the only way I can get an answer to a question is through email waiting an hour or way longer...with response including lingo that makes no sense or it's unclear and things are even more uncertain. I think there's a huge flaw with this concerning online marketing and it's success rate. Maybe I'm unrealistic and asking for too much and maybe this is an idea for myself to take and make possible for when I get brave enough to start a channel idk 🤓 but I'd like to learn and understand fully the basics before I start making big moves and purchases. People similar to you are trustworthy and if they see you actually taking the time to explain everything you're building credibility and will prob end up being the guru of the industry. Success comes in many forms. Thank you for reading my novel. I'm a talker.
Great advice. I think the bit about building relationships applies well outside of business and into everyday life. Also being kind never hurts. That said I do try and bring snacks to my local post office from time to time. ☮️
Absolutely!
thank you for this video. my husband and I listened to it and are just at the researching phase!!
Amazing what networking and talking to others could do! It opens the doors to great opportunities! The most important part is that initial conversation. Will do this moving forward instead of hiding my cell phone every time an employee passes by. :-)
Thank you for sharing that you are not naturally that guy who strikes up a conversation with a manager type person... but you do it anyway. That means there's hope for me!
Lol yes. I still kind of hate it... but I know it's good so I force myself to do it. The more good experiences you have with it the easier it is.
Love this! I bought flowers for the customer service ladies at a store near us. Why are you giving away all of my secrets! 😂
Haha that's great man.
Flowers are probably the healthier option so I may have to change my game up ;)
Building relationships works in every aspect of our lives.
Please do a “getting ready for Q4”
On it :)
This is awesome information....thank you very much
Always grateful for your tips. Awesome!
My pleasure!
I prefer the small group or 1:1 conversations. I don’t like large groups. My start is usually the issue. If they seem great grumpy about my purchase I’ll just bypass and ask about them and their day but if they’re really asking and interested I share freely. I’ve also done the coffees. Guess donuts are next lol.
Pizza also works! Haha.
I was a music performance/theater major in college so I'm much more used to talking to a giant crowd than 1 on 1.
This video made me happy and way to go! New to RA but am looking forward to implementing these methods
You got this!
Once I’m in a conversation I feel fine, but STARTING the conversation is my road block. I just never know what to say to get started.
At kohls "Hey so I'm running my own store and wondering if you had any more of X anywhere? I also noticed a bunch of your clearance rack had fallen so I picked that up for you :) "
@@HustleBuddiesOfficial I have a local grocer I'm having a hard time initiating a conversation with~
I've found just being friendly and kind helps a lot. In a retail setting just asking how someones day is or (as noted) helping clean up a shelf as you scan through it can go a long way. Least that's been my experience. ☮️♥️
@@myecomjourney1838 Exactly
Thank you for the tip, as always.
Please do a video on q4? Thank you in advance, Nate.
Noted!
Thank you!
As a beginner how to best take advantage of / prepare for Q4?
Great question! e're planning a lot of Q4 content for later in July :)
Get sales up so you can sell toys during q4
Unless u have invoices!
Allllright Alllright Alllright ..... Another awsome video sir. Thanks for all the great content . One of the best beginner places to be by far for newcomer's .
Glad to help and thanks for the shoutout 👊
Great Tips.
Glad it was helpful!
Thank you for all of your genuine life and business changing content! Hoping to become more personable while sourcing ( although it’s tough when we are all busy social distancing and wearing masks 😂)
I personally Would love to see a video on how to get ungated in some of the bigger brands or what to do when your automatic ungated products become gated while you are selling them ! 🙏🏼🙏🏼🙏🏼
We actually did do exactly that last part already. ruclips.net/video/evdPCORIVKw/видео.html
Personally, I haven’t tried to approach a manager yet because I m unsure of their receptivity.
My suggestion for your next video would be just a tag along video where you go out and scan your items. Exactly what you take with you and how to use the tools to decide on the spot if it’s a buy or not, what you do before you go (coupons, checking sales papers) and how you bring it all together to ship off. Not sure if you’ve done this type of video as I have not watched all of them yet but this would be good to see in real-time.
Yes!!! I have sooooo many plans for these... Just trying to figure out logistics with a mask and a mic for the camera in store.
Love this video, such great info. And I to feel that same exact way about head figures most if the time...
Glad it was helpful!
That’s so great!! Thanks so much for sharing!!
I’m not nervous going into stores but my husband has just started going sourcing with me and he was NOT comfortable in the bra section lol so he scanned another section lol great info. We are looking forward to building relationships
Once you start seeing the money from stuff you stop caring what the item your scanning is. Go make that bra money :D
Thank you for sharing your great experience.
It's my pleasure
Thank you for the great advice!
Another awesome video! I haven’t had the nerve to talk to store managers but hopefully soon!
As a newbie, I’d like to hear your thoughts on clearance vs full price items when sourcing. It seems overwhelming to scan the store to find items! Also, what do you try to stay above for ROI on full price items? (Some of my clearance finds are 100-300% ROI sometimes so I feel like I am super picky when it comes to what I buy to send in!) Clearance has worked well for me thus far but I have started scanning more full priced items lately that I know I’m not gated in. Nothing with great profit yet so I would like to hear your thoughts on this!
Good ideas :) Thanks!
That’s a great story! I am sure that in the 3 years since you have done other things for the staff there.
Yup! Pizza, Coffee, Gift cards, etc...
7:57 Tell the store manager you wanna buy 1,000 of this item.
I’ve worked for Walmart for 23 years here in Texas ... so I know a lot of people....I need help getting started and over my fear of doing it wrong!!!!!
Head to the Facebook group and go through the units at the top :)
I take clothing off hangers, fold, put in cart turn when I’ve hit a bunch of hangers I’ll take them up to a register.
That ensures they know I’m trying not to help 😏
Makes checkout and prep that quicker
Love it! That's a great tip to speed up checkout.
Cool story!
There is a lot of items that Amazon doesn’t allow you to sell. You have to be approved by the Wholeseller. So when you scan a product and you think it will be profitable, you have to go into your account to see if you can actually sell it. I haven’t seen one video that has told us that?
We've talked about that a number of times.
We have a video about the difference between an invoice and a receipt, and another video specifically about how to get a wholesale order to get ungated (And plenty of mentions in other videos about how there are many restrictions at the beginning)
How do you find products that don’t require ungating when starting RA?
Great video!
Thanks!
I’ve been hovering around 300k in gross sales for 2 years straight….. I want to grow to that 7 figure mark but I think the turn on profit is to slow for me to do so, do you wait the two weeks to get paid out from Amazon ?
So the stores that have a "no resales" policy do they normally enforce it? Or are they like your store and on the store level they dont care since they are getting the stuff sold? I dont know what stores but I am guessing like Walmart Target ect ....
When using the repricer it doesn’t seem to reprice against other collectible conditions is there a way around this
I can't think of many situations where you would want that.
Not ashamed but some managers and associates look down on it. Had a really bad experience at a couple different stores
I find that often this to be false perception what what's going on. I remember reading comments in the group about a lady saying "I WAS ALMOST KICKED OUT" but then you read the story and it was just loss prevention walking over and looking at what she was doing.
Upfront, friendly, and help them with an issue.
Hustle Buddies Official yeah 95% of the time my experiences are good but I have been called a scammer con artist told lies to prevent me from getting items
@@joeb8725 Probably in how it was presented to begin with and maybe what you were buying.
How to create a listing not found on amazon already.
Have you been selling more than 6 months and doing over 10k/mo?
If not, then don't do this. It's not easy and not simple. Stick to the basics before trying the marathon :)
0:25 0:25
How do I get an gated?
Very good advice! There is no need to be shy when sourcing, although I know this is an issue for many people. I am at the point where there are stores I go into and literally walk straight to the back, grab the dolly and start moving the goods because they know what I want and they text me when it arrives. I even get introduced to vendors from store employees. The biggest thing when it comes to arbitrage is to just DO IT! From there, everything that needs to happen will, eventually. I used to feel strange and then I learned that no one really cares what you are doing. They are busy with their own business. Think about it...when you're scanning you are standing in a store isle looking down at your phone. Nowadays, does that look in any way unusual? LOL!
Exactly! The back warehouse is where it's at man... haha.
This is an awesome comment! I'm so new to this it's prob obvious with my comments and question's. But your comment made me laugh when you said people don't really pay attention..I think most people are pretty uneducated abt retail arbitrage. But every time I mean every single time I'm at a Walmart scanning things, customers come up to me and ask me if I can help them in some way lol...the first time it happened I looked at the person like "are you effin serious do I look like a Walmart employee seriously never say that again" lol! I only was thinking that but offended! When I told the customer I'm not an employee that I had a store they laughed and apologized and said they thought maybe I was corporate management checking on some things... Made me feel better but opened my eyes as to how literal and somewhat self-absorbed into our own little worlds we are living! Everyday people just want their days to go as quickly and as smoothly as possible with as much productivity as possible. If we can help them, they're more than willing to help us and let us go abt our business without having to go tattle to the RA police! "Ain't no one got time for that" ...usually
"Do I look like a Walmart employee?" PRICELESS!!!🤣🤣🤣🤣