Thread by @flips4miles

A year ago I finished college and dove into entrepreneurship, this week I passed $1M in sales YTD

My business model, tools I use, and how much was profit👇

THREAD🧵

Many people lie with screenshots saying they “made” their revenue amount

Tons of misinformation out there about how to actually sustainably make money with ecom

Here one man’s take on making it work…

There are a few different Amazon business models:

-Wholesale (buying in bulk)
-Arbitrage (flipping)
-Private Label (building a brand)

I do arbitrage, simple buying low and selling high

There are two main types of arbitrage

Online and retail

Retail being going into stores and buying stuff to flip

Online being sourcing product from websites then sending to Amazon

I do entirely Online Arbitrage

Driving around all day would suck and I can spend a lot more money online in less time

This allowed me to scale

I like to keep it lean and only use a few softwares

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

Bqool is an automated repricer which outsourced my pricing strategy to optimize for getting sales

Keepa is an advanced product research tool which provides tons of extra data to help the sourcing process

InventoryLab makes the listing, shipping, and backend process a lot more smooth

My tech stack is only $170/mo

Lean and efficient

Lastly, let’s talk numbers.

$1,000,000 in revenue looks great on a screenshot, but the truth is a lot less is actually takehome.

I have to pay Amazon fees, inventory cost, and shipping

My net profit margin comes out to around 17%~ total

I’ve seen Amazon profit margins as high as 25-30% for those driving around doing arbitrage at low scale

and as low as 5-10% for massive wholesale operations

Spending time focused on others margins is a losing game.

Sell through more items, make more money.

Enjoy the community we have on here, it can take you far.

I look forward to doing multiple million next year, and documenting it all here on twitter.

Thanks for reading, and make sure to follow me @flips4miles and leave a RT on the first tweet for the free game💰💰

Also join my free discord👇

mileslongstreth.gumroad.com/l/BUYKO