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Aug 15 • 10 tweets • 3 min read
How to start an Amazon FBA business this week

THREAD
I started Amazon FBA back in 2019 and failed to find success for the first 1.5 years.

This was mainly due to not being able to sell big brands because of Amazon gating them to new sellers

Luckily that's easy to get around now.
Use the following sites to get ungated:

EE Distribution - Toys

Eastbay - Nike, Adidas, Under Armour

Frontier CoOp - Beauty & Grocery
In terms of getting going, here is the #4 step process

#1 - Open an Amazon seller account ($40/mo), pretty simple, can be done in an hour and then a few days for Amazon to verify you.
#2 - Get Keepa ($20/mo) and a SellerAmp free trial ($17/mo)

These will help you find products
#3 - Learn the basics.

Binge my Youtube videos (Flips4Miles) listen to @BuyBoxBandits podcast, and start scanning anything you see with a barcode on the @SellerAmp app

There's a good chance you already have some old books, gifts, etc with value
If they have a decent sales rank list them on Amazon

#4 - Start sending items to Amazon and selling through

The point is to get through the basics ASAP (a few weeks) and learn the processes.
You only have to learn them once, now its time to grow.

Q4 is right around the corner and there is sooooooo much opportunity.

Let's get after it.
Thx for reading, follow me @flips4miles for more and leave a RT on the first tweet

Get a free trial:

Selleramp.com

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More from @flips4miles

Miles Profile picture
Aug 13
I've spent well over $1,000,000 the last 12 months on items to resell on Amazon

Here's how I find profitable items: Image
Sales are scaling nicely with back to school, I've focused the last 2 months on getting lots of BTS items

August was the first month last year I found success on Amazon.

My average ROI is right around 25%
I used to keep my minimum ROI at 30% but now as I've grown and have more capital I focus on quick selling, lower margin items

For me, return of capital > return on capital.

Every dollar needs to be working.
Read 13 tweets
Miles Profile picture
Aug 9
I spent $250,000 on products to sell on Amazon FBA last month

Here's how: Image
I don't use tactical arbitrage

I have no virtual assistants for product research

I'm not a member of any sourcing groups or lists

I keep it super simple, which allowed me to get great at reverse sourcing.
Reverse sourcing = looking at what products successful sellers are carrying, weeding out which fit my velocity and price criteria

Then going and hunting for those items

This is what I originally started doing last summer to scale to $100k/mo revenue
Read 15 tweets
Miles Profile picture
Aug 7
How I scaled my Amazon business to multi six figures in profit over 18 months:
I previously started selling on Amazon back in 2019, selling used books in college.

However I could never scale it.

Never knew how to ungate good brands, so I put it on the backburner in 2020.
Eventually, I figured out how to get ungated in February 2021 and it was go time

Immediately

By March I had a $5k profit month, and by August I was doing $15k/mo profit.
Read 11 tweets
Miles Profile picture
Aug 2
Amazon reselling transformed my life.

Here's a free crash course in the basics to help you get started.

THREAD
Lets walk through:

>What is Amazon FBA
>Some crazy amazon statistics
>Creating a seller account
>The Four business models
>FBA vs. FBM
>Helpful tools
I've done over $2m in revenue the last 12 months after not screwup the first 18 months.

This will keep you from making the same mistakes I did.
Read 12 tweets
Miles Profile picture
Aug 1
How to get started Amazon FBA reselling and find your first products

Amazon Arbitrage 101

THREAD
I try to share a lot of beginner tips but find a lot of you want the blueprint laid out

I did a little over $1,000,000 in sales in 2021.

Originally I started two years ago, failed heavily but returned to it last year
Now multiple six figures in profit later, I'll show you how to fast track success and not screw up how I did.

Lets do it:
Read 29 tweets
Miles Profile picture
Jul 31
How to start an Amazon arbitrage business on a budget

THREAD Image
I started selling on Amazon three years ago while working as an unpaid intern

Since then I've been able to scale up and have done around $2.5m in sales.
There are several types of Amazon FBA businesses, I specialize in arbitrage.

Specifically online arbitrage
Read 15 tweets

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