095: Tim Jensen Explains Amazon Retail Arbitrage

Today's Sponsor: Dropship CEO Amazon Selling Course(Feedback Patrol tool included) Tim Jensen is one of our favorite Dropship CEO students. He and his wife in Onalaska, Wisconsin sell $1,000 of inventory through Amazon from retail arbitrage (scanning in items at discount stores and mailing them in) with no employees, from their living room and one-stall garage: "Amazon Retail Arbitrage" FREE Report https://www.youtube.com/watch?v=aSUoTce2Xvg Part 1: Big Picture (long term with Amazon) invest in inventory scale: invest the profits that come back in inventory turnover: sell frequently (30-90 days after purchase, or dump what's not selling) outsource some tasks: receipts, taxes, payroll Part 2: Flexibility sell evergreen items Use CamelCamelCamel.com to see if Amazon is selling the item you want to sell (so you can avoid it) Part 3: Pay Attention to Detail make sure your UPC code matches the listing follow the rules, there is no flying under the radar supply and demand: people pay higher prices for convenience Terms Tim Uses inventory: the items you're selling supplies: tape, boxes, etc. sourcing: where your items are coming from UPC: barcode SKU: stock keeping unit FBA: Fulfilled By Amazon MF: Merchant Fulfilled prep: bubble wrap, packing, labeling, etc. RA: retail arbitrage OA: online arbitrage wholesale: purchase items in bulk PL: private label (your own brand name)