Best part about Scoutify? Input your target ROI, and it will tell you your target buy price for whatever you scan.
But what should your target ROI be? Let's talk about it 👇👇👇
But what should your target ROI be? Let's talk about it 👇👇👇
First and foremost, IT DEPENDS. Consider the following:
Can you buy 1 or 100?
Is it $1 or $100?
Is it 1 lb or 100lb?
Is it fragile?
What is the sales rank?
How many can you sell per month?
Are you ungated on Amazon?
Can you buy 1 or 100?
Is it $1 or $100?
Is it 1 lb or 100lb?
Is it fragile?
What is the sales rank?
How many can you sell per month?
Are you ungated on Amazon?
20% ROI on a $10 one time sale? No thanks.
20% ROI on a $10 replenish-able lightweight grocery item that could sell 300 times per month? Yup!
20% ROI on a $10 replenish-able lightweight grocery item that could sell 300 times per month? Yup!
I look for about 30% ROI on most toys. More if the toy is big, oddly shaped, or fragile, and less if said item is super easy to ship, and I can grab 10+.
There are lots of opportunity in grocery. These are items that can sell A LOT as well. Think seasoning packets, condiments, etc. You can order these wholesale, streamline your prepping, and make a couple bucks per sale. But if you are doing hundreds of sales per month, $$$.
Another thing I consider is checkout time. If I am already buying certain things, I am more likely to grab one or two random items I find. If i don't have anything in my cart and I'm about done, maybe it's best to get moving to the next store.
As you start, lower your requirement. Get some feedback on eBay, learn the process, get better. That's valuable as well.
As you get going, you'll learn what's worth it and what's not. Just like everything in this game.
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