understanding the amazon customer exclusive proven amazon course article
TRANSCRIPT
UnderstandingThe Amazon Customer
Exclusive Proven Amazon Course Article
Not about books and media :(Nathan Holmquist's ebook
Part of the Proven Amazon Course
SellYourBooksOnline.com
By Adam Bertram
Isn't Scouting About Books? It was, and here's why: Books were easy! Books were easy to find (cheap) Easy to analyze (barcodes or ISBNs) Easy to store (small) Easy to list (Amazon) Easy to ship (Media Mail)
Enter FBAScout and FBA FBAScout lets you see prices for all items, not
just books and media FBA gives you virtually unlimited storage space No need to restrict yourself to a small portion of
the Amazon catalog
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Every Store has Opportunities!
Compare Used Books To Retail
Think of it this way: you have your scout, you drive to a thrift store, poke around, scan some items, and find a book that will give you $20 profit.
You buy that book. ONE BOOK.
Now, in that same amount of time that it took you to go out and find one book, you could have found one product from any number of retail stores that would yield that same $20 profit.
But here’s the kicker: you put 16 units in your cart.
16 times more profit for the same amount of work. Live in a big city? Go to another store and buy the same item again. Sell out on Amazon? Go buy more and replenish.
The Ultimate Arbitrage ToolArbitrage is the practice of taking advantage of a price difference between two or more markets: striking a combination of matching deals that capitalize upon the imbalance, the profit being the difference between the market prices.
http://en.wikipedia.org/wiki/Arbitrage
RETAIL ARBITRAGE
Don't Discriminate! Don't think of yourself as a 'book scouter'
anymore With FBAScout, you're an 'anything that is
profitable scouter'
Only one requirement: Profitability!
Real World Examples
Here I'll show you examples of actual products that I bought using FBAScout and sold using FBA.
In three hours of work on a Saturday afternoon, I made $1,943.04 profit.
Dippin Dots Frozen Dot Makerhttp://www.amazon.com/dp/B002OOLQ80/
Low price of $89.95 at time of scan Bought 49 from three stores (Big Lots) Cost: $21.88 each Listed for $64.99
Dippin Dots Frozen Dot Maker Sold 49 units in 8 days FBA payouts of $50.44; Profit per unit of $28.56 Total profit of $1,399.44
Tyco R/C Stunt Psycho Vehicle – Greenhttp://www.amazon.com/dp/B001UEUH6W/
Low price of $59.95 at time of scan Bought 18 from three stores (Big Lots) Cost: $17.50 each Listed for $59.95
Tyco R/C Stunt Psycho Vehicle - Green Sold 18 units in 5 days FBA payouts of $47.83; Profit per unit of $30.20 Total profit of $543.60
Summary
Spent $1,387.12 Sold for $3,330.16 Total profit on both items: $1,943.04 This is just two products!
Scouting Retail
The ONLY Scout With FBA Offers
Clearance Items
But Not Just Clearance Items :)
Isn't Wal-Mart always the lowest price? Costco?
If No FBA Offers...Read the Exclusive Proven Amazon
Course Article:
Understanding The Amazon Customer
No FBA Offers: Example 1Cost: $7.50; Sold for $25 (Sweet spot FBA price)
No FBA Offers: Example 1 Sold 32 in
18 days $18.61
payouts $11.11
profit/item $355.52
total profit Turned $240
into $595.52
No FBA Offers: Example 2Cost: $2.50; Sold for $19.95
No FBA Offers: Example 2 Sold 5 in 40
days $15.09
payouts $12.59
profit/item $62.95
total profit Turned $12.50
into $75.45
If Not On Amazon At All... Consider adding it to the Amazon catalog Be the first to sell the item Be the only seller (no competition)
House Brands Exclusives not available on Amazon Often heavily advertised, but not all customers
are able to buy (location, sold out) Amazon buyers want to buy from Amazon
Cult Classics Regional Products “Gotta-have” products
Let It Sink In Opportunities are all around you Books and media are good sources of money
makers, but look to expand Tired of trading elbow jabs at book sales?
Powerful Combination
You have chosen......wisely.
Proven Amazon Course