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1. Inventory: in order to make sales, you need inventory. Think of your Amazon store as a conscience store that needs to be filled up with a bunch of stock. I would recommend to start with around $500 on inventory.
Dec 7, 2021 • 22 tweets • 4 min read
WHAT IS AMAZON FBA (RESELLING EDITION):
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Okay so there are plenty of business models on Amazon such as:
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1. USE CASH BACK TOOLS: please PLEASE take advantage of Rakuten, Top Cash Back, loyalty programs, Cash back credit cards etc.
My fav thing ever is when I can get loyalty points, cash back on my credit card & cash back from Rakuten all from the SAME transaction!
Dec 6, 2021 • 4 tweets • 1 min read
The concept of online arbitrage is super super simple:
Find products that are already selling on Amazon and then figure out where you can buy them for cheaper.
It’s not hard. It’s just time consuming in the beginning. A lot of people aren’t willing to put in the time to properly grow their business. After a couple of months once you can start delegating tasks, it won’t take up as much of your time anymore.
Dec 5, 2021 • 11 tweets • 2 min read
HOW TO SCALE YOUR AMAZON BUSINESS:
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1. USE SOFTWARES TO AUTOMATE TASKS: I use Sellerboard to calculate profit & keep track of inventory and I use BQOOL to reprice my products.
Once you have too many products to keep doing all of this manually, make sure to start using automation softwares
Dec 5, 2021 • 6 tweets • 2 min read
This is what the first couple months of your business will look like.
If you’re not willing to put in work, then your business will never grow.
And you probably won’t make a lot of profit in your first couple of months, but once you get passed that first 6 months, you’ll start to get rewarded.
And you probably won’t make a lot of profit in your first couple of months, but once you get passed that first 6 months, you’ll start to get rewarded.