This episode unveils how a couple, working just 15 hours a week, found 100 replenishable products (REPLENS) in their first month selling on Amazon, starting with local retail arbitrage at Walmart. They swiftly scaled to online sourcing, so effectively that they are now cash-constrained due to abundant winning products. It highlights pathways to achieve significant Amazon FBA sales and net profits, even for new sellers.
Key takeaways
Start with retail arbitrage at local stores like Walmart to quickly identify profitable "REPLENS" and build initial capital for Amazon FBA.
Transition to online sourcing once comfortable with retail arbitrage to unlock a wider range of profitable inventory and scale your Amazon business.
Utilize profit analytics tools like sellerboard to accurately track all fees and ensure a clear understanding of your net profit margins across all sales channels.
Consider outsourcing "replen hunting" to a trained Virtual Assistant (VA) to efficiently expand your sourcing efforts and free up your time for other business growth activities.
Aim for specific, ambitious financial goals, such as $100K in monthly sales at 20% net profit, and systematically work towards them through proven sourcing and selling strategies on Amazon.
Today's guest is a yet another ProvenAmazonCourse.com student who has ramped up very quickly in his Amazon selling adventure. He and his wife work about 15 hours per week and are having success with both online and retail sourcing. They've been selling on Amazon for less than a year, but they are ramping up beautifully! He shares how they found 100 REPLENS in their first month at a local Walmart, as well as how they are now using online sourcing strategies so effectively that they are "running out of cash to buy more inventory" - they say, "there are so many winning REPLENS to be found!" Their goal for 2023 is to average 100K in sales per month at 20% NET- and they are well on their way! Come be inspired by yet another of the 100s of recently successful "PAC" students in our community! Our sponsor: sellerboard - THE accurate profit analytics tool for Amazon sellers that helps you calculate your profit precisely accounting for all hidden fees and in real time. Use our link and get a TWO month free trial: https://SilentJim.com/numbers View this episode on our YouTube channel: https://youtu.be/TkHeBoNpdec Show note LINKS: Leigha and Jessica podcast episodes https://silentjim.com/podcast - episode #431 and episode #480 ProvenReplensVA.com -We find, train and assign a VA (Virtual Assistant) to work ONLY for you as a "Replen Hunting" specialist! Visit this website to learn more! My Silent Team Facebook group <a class= "ProsemirrorEditor-link" href= "https://www.facebook.com/group
What does this episode say about amazon & marketplaces?
Start with retail arbitrage at local stores like Walmart to quickly identify profitable "REPLENS" and build initial capital for Amazon FBA.
What does this episode say about supply chain & operations?
Transition to online sourcing once comfortable with retail arbitrage to unlock a wider range of profitable inventory and scale your Amazon business.
What does this episode say about founder & leadership?
Utilize profit analytics tools like sellerboard to accurately track all fees and ensure a clear understanding of your net profit margins across all sales channels.
What does this episode say about analytics & attribution?
Consider outsourcing "replen hunting" to a trained Virtual Assistant (VA) to efficiently expand your sourcing efforts and free up your time for other business growth activities.
What does this episode say about amazon & marketplaces?
Aim for specific, ambitious financial goals, such as $100K in monthly sales at 20% net profit, and systematically work towards them through proven sourcing and selling strategies on Amazon.
