Thread by @flips4miles

2 years ago I was working as an unpaid intern, and yesterday I did $26,670 in sales

I resell items on Amazon FBA

Here’s how I did it

THREAD👇

I started selling on Amazon flipping textbooks to make some extra money

Now I do six figure revenue months and will soon pass 7 figures in revenue YTD

Let’s talk about it;

There’s a disgusting amount of misinformation and gurus talking about Amazon FBA out there

Lying through their teeth and taking people’s money on expensive courses

Luckily i’ll give you all the game for free

There are a variety of different Amazon business models

-Wholesale
-Dropshipping
-Arbitrage
-Private Label

I do arbitrage

Specifically online arbitrage, where I source products from retail websites and sell them on Amazon

My typical ROI is around 30%, and my net profit margin is about 15%

This allows me to benefit from compound interest flipping capital over and over again

I find profitable items using my own sourcing methods, and then order product and send it into Amazon

They then handle the fulfillment and pick, pack, ship orders to my customers

That’s FBA in a nut shell.

Back in March I started with a few homies really looking to scale, now this month we will do a combined $1M+ in revenue

I’m proud to know them and have learned a lot.

Relationships have been everything for me in online biz, as it’s pretty much impossible to find people IRL into this stuff

I give out a lot of gems on here because it helps me meet more of you, I love it

If you want to get into Amazon arbitrage you need an Amazon account

Some people think you need a lot of expensive software

You don’t.

My tech stack:

-Keepa ($20/mo)
-InventoryLab ($50/mo)
-Bqool ($100/mo)

I used to use tactical arbitrage a lot, and as a beginner it’s very helpful.

The way I analyze products is by using Keepa charts

They show not only the demand today, but the demand overtime, price action, AND the supply

If you can learn to read these, you can make a lot of money.

Another fun fact:

Over 50% of product bought on Amazon comes from third party sellers

That’s BILLIONS of sales

there is no saturation.

Get started and execute, watch my free videos and do stuff

With a will you succeed and an open mind you can make some good extra cash.

Amazon arbitrage changed my life and i’m very thankful, thanks for reading.

Follow me @flips4miles and leave a RT on the first tweet for the free game💰