Two years ago I was an unpaid intern, this Cyber Monday I did nearly $20,000 in sales
How I did it🧵
By 10pm I was at $15.6k, and ended up closer to $18,000 for the day, close to 3k profit.
I sell on Amazon, here is my biz model:
There’s many ways to sell on Amazon
-Private Label
-Dropshipping
-Arbitrage
I do arbitrage, I buy low and sell high.
Specifically Online Arbitrage, where I buy stuff from retail websites like Walmart
then flip the products through Amazon’s platform.
Over 50% of products purchased on Amazon come from third party sellers like myself.
I use software and available data to find arbitrage opportunities, and take advantage
There’s TONS of different niches for Amazon arbitrage:
-Shoes
-Grocery
-Beauty
-Toys
I mainly do athletic gear, and am working to mix in more toys
I am confident next December I can do $500k in revenue, and make $100k in profit.
This December should be 30-40% of that.
I learned to sell on Amazon from free Youtube videos, and you can do.
It’s not rocket science, but it is real work.
By using software like Keepa and Tactical Arbitrage, you can scan hundreds of websites in just a few hours, completed automated and find profitable products
If you want your sourcing done for you by more advanced sellers, @CoachJoeHart_ has a group that will feed you profitable items
Another GREAT way to get going💰
I do most of my sourcing manually on sites, and will probably start buying product bulk via wholesale in the future.
I’ve been doing Amazon full time for 7 months after finishing college, and am just getting started.
Thanks for reading, make sure to follow me @flips4miles and leave a RT on the first tweet for the free game♻️
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