Arbitrage professional Warner gives us an insight into sourcing your first $10,000+ products on Amazon FBA. Read on for a summary of his top recommendations or check out the video above for the full walk-through!
- Spotting Easy Wins: Warner starts by showing how retailer sales events are a huge opportunity for profit. Buying discounted stock and selling it for more is an easy win! Deals like BOGOF, 20% off or coupons, are prime chances to source items already in high-demand.
- Speedy Product Research: He goes on to explain how SellerAmp is a great tool for sourcing products. The software evaluates analytics like sales history, ranking, pricing trends, and customer reviews. These all help Warner choose items with great profit margins.
- Competitor Analysis: By looking at what successful sellers carry in their Amazon Storefront, Warner demonstrates a sourcing hack. This gives a clearer picture of popular and profitable products to add to your own inventory.
- Leveraging Seasonal Trends: Keeping track of seasonal products help maximize profits during peak arbitrage periods. Because he exports product data from SellerAmp to Google Sheets, Warner’s got a spreadsheet of potentially high-demand items ready to go when holiday periods come around.
- Keeping Initial Costs Low: Warner recommends starting with affordable tools, like SellerAmp, that give you a ton of great features without breaking the bank. With a two week free trial, then less than 20 bucks a month after, he says just one profitable product can pay for the whole subscription!
Warner wraps up by encouraging everyone to dive in, start sourcing, and have fun.
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