George, an Australian-based Amazon reseller, scaled his US Amazon business to multiple seven figures with a 15% net margin without ever touching his inventory. This episode reveals his strategy, leveraging US-based prep centers and developing his own software, ASTRO, to dramatically streamline product research and identify profitable wholesale opportunities. Learn how to achieve location independence and optimize your Amazon reselling operation for maximum efficiency and profit.
Key takeaways
Implement a remote Amazon reselling model by utilizing US-based prep centers; George achieved seven figures in US sales from Australia without ever handling inventory.
Leverage advanced analytics tools like ASTRO (or similar) to automate and optimize product research, allowing you to efficiently sift through thousands of ASINs and identify profitable "gems" based on graded data points.
Focus on wholesale sourcing for lower-risk, predictable inventory with existing demand, as George transitioned from private label to wholesale due to its data-driven predictability.
Consider building or utilizing software to automate repetitive tasks in your business; George developed ASTRO to streamline his product research, which was previously done manually with spreadsheets.
Prioritize volume in product research: the more products you analyze, the higher your chances of uncovering profitable opportunities quickly, especially with the aid of intelligent filtering tools.
Today's guest Geroge Dimitriou lives in Australia and is crushing it selling on Amazon.com U.S. without ever seeing or touching his inventory! He's sold millions worth of inventory at great margins without ever touching any of his products - and it's all "OA" (online arbitrage - aka, online sourcing). He uses a U.S. based prep center to receive the products he orders and has them shipped to Amazon FBA from there - which is the strategy that ProvenAmazonCourse.com students use if they are non-U.S. based students, as well as those who live in the U.S. who don't want to physically have to prep and manage their own inventory. He's also the creator of AstorAdvancedAnalytics - a tool that's gaining popularity quickly especially among 3PMercury users! Astro can scrape through massive product lists (i.e. a wholesale list) and find winning ASINs quickly. It's gaining a lot of popularity in our community of listeners so we thought it was time to have George on the show! We discuss at length the "two steps to success" on Amazon for resellers which are: 1) FIND LOADS OF GREAT ASINS (which is what Astro helps with), and 2) LET SOFTWARE TELL YOU WHEN AND WHAT TO SELL AND MANAGE THE WORKFLOW OF YOUR BUSINESS (which is what 3PMercury does for you). George will also be with us at the upcoming TheProvenConference.com which will be only the second time ever visiting the U.S. ,but we are excited to welcome him back to join us in Vegas in August - and we hope you can attend as well! Don't forget to check out our episode sponsor, Sellerboard, our awesome sponsor - THE accurate profit analytics tool for Amazon sellers that helps you calculate your profit precisely, accounting
What does this episode say about amazon & marketplaces?
Implement a remote Amazon reselling model by utilizing US-based prep centers; George achieved seven figures in US sales from Australia without ever handling inventory.
What does this episode say about supply chain & operations?
Leverage advanced analytics tools like ASTRO (or similar) to automate and optimize product research, allowing you to efficiently sift through thousands of ASINs and identify profitable "gems" based on graded data points.
What does this episode say about ai & automation?
Focus on wholesale sourcing for lower-risk, predictable inventory with existing demand, as George transitioned from private label to wholesale due to its data-driven predictability.
What does this episode say about founder & leadership?
Consider building or utilizing software to automate repetitive tasks in your business; George developed ASTRO to streamline his product research, which was previously done manually with spreadsheets.
What does this episode say about amazon & marketplaces?
Prioritize volume in product research: the more products you analyze, the higher your chances of uncovering profitable opportunities quickly, especially with the aid of intelligent filtering tools.
