Amazon FBA Retail Arbitrage Rookie Mistakes and How to Avoid Them

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  • เผยแพร่เมื่อ 27 พ.ย. 2024

ความคิดเห็น • 137

  • @jasmenw5561
    @jasmenw5561 4 ปีที่แล้ว +6

    Love watching your videos! I had decided a week ago to do FBA! I am learning so much and you’re so nice,positive and helpful! Keep it up! Very thankful to come across your channel!

    • @NikkiKirk
      @NikkiKirk  4 ปีที่แล้ว +1

      Congrats on getting started!! And thanks of the kind words, I’m happy to be helpful!

    • @susyscores6664
      @susyscores6664 3 ปีที่แล้ว

      I go on bolo and ungating group

    • @susyscores6664
      @susyscores6664 3 ปีที่แล้ว

      Info on bolo and I hating group - typo

    • @susyscores6664
      @susyscores6664 3 ปีที่แล้ว

      Omg typos - can I get info on bolo and ungating group

  •  3 ปีที่แล้ว +1

    Yes, its a nightmare at the beginning when you want to avoid mistakes. You can make preparation of your business for weeks or years - you will make mistakes. Now, a couple of years later, I make mistakes too. Take a few weeks for preparation, read the TOS, visit videos like this one - and start. Sometimes it's hard work but you will succeed if you persistently fight for it.

  • @andrewkim7700
    @andrewkim7700 3 ปีที่แล้ว

    It really takes a lot for me to subscribe to a channel, but I'm trying to make my goal income and this is probably the best way to do that. I really appreciate everything your doing for the retail arbitrage community Nikki! Excited for you to make your first million dollars if you haven't already!

  • @NikkiKirk
    @NikkiKirk  4 ปีที่แล้ว +3

    See you guys in the groups! Yoursellingguide.com

  • @thehopefulbudgeter
    @thehopefulbudgeter 3 ปีที่แล้ว +1

    I’m so nervous getting into this. Def need to learn about all this. Thank u!

  • @eliokcu8573
    @eliokcu8573 3 ปีที่แล้ว +1

    Hey Nikki,
    Love your videos, such a very rare sight on TH-cam to come across content that is so to the point with zero unnecessary fluff.
    I would love to join your bolo group and I was hoping you had a promo to celebrate 2020 end maybe 😊💕
    Happy New Year!

  • @saranjoel1613
    @saranjoel1613 4 ปีที่แล้ว +1

    Hi nikki
    Pls put one video on advertising, campaigns, whether it is required to increase sale in fba.

  • @jessikaascencio1962
    @jessikaascencio1962 ปีที่แล้ว

    Hi, thank you for sharing this information. I noticed you mentioned that if Amazon was selling the item you wouldn't sell it, if there are no other amazom FBA sellers, would you not purchase the item to resell?

  • @Gigi-gs6tg
    @Gigi-gs6tg 4 ปีที่แล้ว +2

    Hi Nikki I love watching your videos. I’m planing to start AMZ FBA and love to join your fb group .Happy Holidays ! 🎄✨🥂🍾

    • @NikkiKirk
      @NikkiKirk  4 ปีที่แล้ว +1

      Thank you!! Happy Holidays to you!

  • @evanknoll8684
    @evanknoll8684 4 ปีที่แล้ว +4

    Love your videos. Merry Christmas.

    • @NikkiKirk
      @NikkiKirk  4 ปีที่แล้ว +2

      Thank you! Merry Christmas!

  • @susanpelletier6478
    @susanpelletier6478 3 ปีที่แล้ว +1

    I’m dealing with an expiration date issue! My very first shipment, never crossed my mind, and I am paying for that mistake now! 🤯

    • @jezvelez421
      @jezvelez421 3 ปีที่แล้ว

      What can I sell? I’ve been scanning all day different items and everything appears gated. 😖 I’m completely new

    • @nehakumar298
      @nehakumar298 2 ปีที่แล้ว

      @@jezvelez421 what did you finally start with and where? I am where you were 5 months ago. :)

  • @kimberlyzayakosky6522
    @kimberlyzayakosky6522 3 ปีที่แล้ว

    What do you use to track your purchases, FBA fees, profit, etc.? As a new FBA business I want to make sure we track everything correctly but also as efficiently as possible.
    Thank you for all of the tips and advise you share!

  • @ellencoole7934
    @ellencoole7934 4 ปีที่แล้ว

    Lovely video! Thanks for sharing 🥰 Merry Christmas and an amazing 2021!!!! 🙏🏻

  • @blackteaandhoney
    @blackteaandhoney 3 ปีที่แล้ว +2

    Happy holidays Nikki! Thanks for ALL your help!

    • @NikkiKirk
      @NikkiKirk  3 ปีที่แล้ว

      Thank you! Happy Holidays to you too! ❤️

  • @leopiedra9560
    @leopiedra9560 3 ปีที่แล้ว

    Not using Keepa is huge!! The rank can “look” good but when you check keep no sales

  • @themagicthinktankpodcast2571
    @themagicthinktankpodcast2571 3 ปีที่แล้ว

    Thank you for your valuable information !!

  • @mygodisable2
    @mygodisable2 4 ปีที่แล้ว +2

    Thanks Nikki, great video.

    • @NikkiKirk
      @NikkiKirk  4 ปีที่แล้ว

      Thank you for watching Deborah!

  • @laurachevrette8060
    @laurachevrette8060 4 ปีที่แล้ว

    Great video!!! Can you explain why you wouldn't want to list an item that Amazon is selling? I am still learning and have definitely made mistakes doing this. Wishing you a safe and happy holiday and a Happy New Year!!!! 🎄 🎊🥂🍾

  • @Fasteddie-op6sd
    @Fasteddie-op6sd 3 ปีที่แล้ว

    Hey so i am literally just starting, i dont even have enough $for a computer right now.. lol but ive always wanted a buisness n u can laugh but i never knew what Amazon was.. thought it was a store like walmart... wow.. imma gonna be a hustler n make bennies ($100) tnk u so much for the help vids!

  • @joeg4208
    @joeg4208 3 ปีที่แล้ว +4

    I keep seeing on the seller central forums that amazon will request a proof of authentication for new sellers and that retail store receipts are not accepted. Is this true or have you experienced this issue?

    • @coreys6072
      @coreys6072 3 ปีที่แล้ว +1

      Any answer on this?

    • @aside628
      @aside628 3 ปีที่แล้ว

      @@coreys6072 depends what the item is generally no

  • @Doreti208
    @Doreti208 3 ปีที่แล้ว

    Hi Nikki, Thanks for all that you do. When going from FBA selling books to toys, cosmetics, etc., It would be best, or required, to establish my business as an LLC to protect myself?

  • @LanceandYing
    @LanceandYing 2 ปีที่แล้ว

    For me I am not worried on making a mistake but I am just worried on getting a IP claim right off the bat and having my account suspended with out even trying/learning and getting better :(

  • @TierraNicoleTierraNicole
    @TierraNicoleTierraNicole 3 ปีที่แล้ว

    Hi Nikki ! I just subbed I just joined Amazon your info is lovely!
    I got ungated for a specific ASIN but it won’t let me upload my inventory :(

  • @adamsdiyandrandomvids5379
    @adamsdiyandrandomvids5379 2 ปีที่แล้ว +1

    I have like 20 items and I just haven't sent them in yet big mistake

  • @Geek-uy1gx
    @Geek-uy1gx 3 ปีที่แล้ว

    Hello, I would like to start in Retail Arbitrage at the beginning of January. I would like to know what budget you started with and how much working capital do we need to live on, how much do you invest per month and how much do you manage to earn per month? Thank you

    • @NikkiKirk
      @NikkiKirk  3 ปีที่แล้ว

      Hi There, I started with $500 for inventory and put in another $750 after about a month. What you or I live on will be different and as will what we sell etc so I did this video to show what is possible. th-cam.com/video/qN6c5V-EJtE/w-d-xo.html

  • @kamhuang
    @kamhuang 3 ปีที่แล้ว

    Great content! Keep it up! RA really works. I do it full time too :)

  • @katygriffith9472
    @katygriffith9472 3 ปีที่แล้ว

    Good advice

  • @animal.lover291
    @animal.lover291 2 ปีที่แล้ว

    Hello love your videos, had a question? Do you have a VA to help you with your business

  • @elicob6227
    @elicob6227 4 ปีที่แล้ว +1

    Great video Nikki! Thanks so much lady you are awesome and deserve a break Merry Christmas! 🎄

    • @NikkiKirk
      @NikkiKirk  4 ปีที่แล้ว +1

      Thank you! Merry Christmas to you!!

  • @5.7dobey
    @5.7dobey ปีที่แล้ว +1

    Should I keep joungle scout if I’m just trying to do resale like this

    • @NikkiKirk
      @NikkiKirk  ปีที่แล้ว

      You don’t need the paid jungle scout for RA, nope

    • @5.7dobey
      @5.7dobey ปีที่แล้ว

      @@NikkiKirk okay thank you I’ll get rid of it and get Keepa in my area they are building a lot of stores I’m already near a supercenter Walmart with a Ross and dd’s as well as a five and below and burligintion and target

  • @chiapas123456789
    @chiapas123456789 3 ปีที่แล้ว

    “Price started to tank” hahaha the price will ALWAYS tank. Get used to it.

  • @djpreble
    @djpreble 3 ปีที่แล้ว +1

    What have you done to get on gated in beauty items such as namebrand items and hair products and so on

  • @xciceroguy
    @xciceroguy 3 ปีที่แล้ว +1

    Happy holidays.

    • @NikkiKirk
      @NikkiKirk  3 ปีที่แล้ว

      Thank you! Happy Holidays to you!

  • @CynthiaTheHealthExperience
    @CynthiaTheHealthExperience 3 ปีที่แล้ว

    When i am checking a product in the search on the amazon seller app, the fees i see are only the amazon referral fee. Your screenshots show the FBA fees. How do i go about showing the FBA fees on the app? I just went for a shop and realized my calculations were all wrong because my app is not showing the FBA fees :(

  • @jamesl4379
    @jamesl4379 3 ปีที่แล้ว +1

    Do you ever have amazon lose some of the items you send in? I've only sent a couple shipments and there's missing items from 2 out of 3 shipments. Not enough time has passed to reconcile yet. Are they generally good at reimbursing for lost items? I'm not sure what to expect. I read online it's better to reconcile instead of investigate when there's a problem.

    • @NikkiKirk
      @NikkiKirk  3 ปีที่แล้ว +1

      Yes they usually will reimburse you when you send them the receipts and ask them to find the items or give you your money back. Unfortunately you can’t do this until the shipment is up for reconciling

  • @darlenek8498
    @darlenek8498 3 ปีที่แล้ว

    If I buy something is it better to ship to customer myself or ship to Amazon? If I ship to Amazon is there a certain amount of days I should wait until I list it? Thank you for all your help!!

  • @GardenDownSouth
    @GardenDownSouth 3 ปีที่แล้ว +1

    Hello Nikki, when I go to request for approval on amazon seller app for an item , it says "page not found" any ideas what is going on. are they just not accepting approvals right now?

    • @NikkiKirk
      @NikkiKirk  3 ปีที่แล้ว +1

      It’s a glitch, if you hit refresh it’ll fix itself

    • @GardenDownSouth
      @GardenDownSouth 3 ปีที่แล้ว

      @@NikkiKirk thank you!... that was super discouraging lol... alot of things were doing this to me

  • @dragonext2001
    @dragonext2001 2 ปีที่แล้ว

    ok I have a question. How do you make sure the seller app shows your actual profit?
    I purchased 6 Dr. Teals items coz it was the only thing I could get ungated for and ofcourse not realizing lower # is better I started with a sales rank 169,785.
    Anyway clearly I don't have a clue how to use the app calculator rt since its not showing all the fees to get the rt profit margin.
    Would this cause a headache next year when I file my tax return?

  • @gaegeroot
    @gaegeroot 4 ปีที่แล้ว +1

    ......SHEEZ....things...... haha nice save.

  • @randytaylor2815
    @randytaylor2815 3 ปีที่แล้ว +1

    Hello do you need a sellers license in order to purchase items from wholesaler to get ungated ?

  • @bettinasawatzky2809
    @bettinasawatzky2809 ปีที่แล้ว

    I can not figure out how to fix my error after amazon got my order

  • @CHADKANDARIS
    @CHADKANDARIS 3 ปีที่แล้ว

    Listing items for a loss. Been there and done that mistake. LOL

  • @sanachaudhry8275
    @sanachaudhry8275 3 ปีที่แล้ว

    why shouldnt you sell things if amazon is selling them?

  • @adrianacrespo6073
    @adrianacrespo6073 3 ปีที่แล้ว

    Hi, please besides Keepa or jungle scout, you mentioned another ranking tool, what was it?

  • @rockler1987
    @rockler1987 3 ปีที่แล้ว

    Out of curiosity have you or do you sell on eBay ? If so will you make a video on it.

  • @johnrosariocotto2751
    @johnrosariocotto2751 3 ปีที่แล้ว +1

    Hi, I live near an Amazon warehouse, is it possible for me to take the items directly or it has to be by usps.

    • @NikkiKirk
      @NikkiKirk  3 ปีที่แล้ว +1

      I believe so but I don’t know for sure. I think it has to be pallets, but again, I’m not sure

  • @apowerfulwomanofgod9172
    @apowerfulwomanofgod9172 ปีที่แล้ว

    Don’t see the link for the rankings

  • @kelishawatson6775
    @kelishawatson6775 3 ปีที่แล้ว

    Okay do you storage your own inventory to save money ? And also if so would you just send to the fulfillment center

    • @NikkiKirk
      @NikkiKirk  3 ปีที่แล้ว

      No I don’t store anything I send it to Amazon for FBA. Since I live in an RV there’s no room ;)

    • @kelishawatson6775
      @kelishawatson6775 3 ปีที่แล้ว

      Nikki Kirk okay so if you have space you can keep it at your house and then ship it to fulfillment center when someone orders?

  • @kiranbajaj1104
    @kiranbajaj1104 4 ปีที่แล้ว

    What if the UPC has the wrong picture and description. It has happened to me when sold my items and people are returning because the picture and description saying 5 items in the case and my box is with 4 items. My UPC was matching with wrong item. Not my fault 🤦‍♀️. No resolution, just closed the listing.

    • @clutchkickers4188
      @clutchkickers4188 3 ปีที่แล้ว

      There was a video she made and she mentioned how you can add more inventory from the app

  • @WalletInvestUSA
    @WalletInvestUSA 2 ปีที่แล้ว

    So the higher the rank the easier it is to sell ?

  • @adamsdiyandrandomvids5379
    @adamsdiyandrandomvids5379 2 ปีที่แล้ว

    What if it has a rank but not a 3rd party rank

  • @gingerkate1985
    @gingerkate1985 3 ปีที่แล้ว

    i would like to buy the program. not at the moment.

  • @michellemorales4365
    @michellemorales4365 3 ปีที่แล้ว

    Can I start with products i already have on hand?

  • @HappyMeow7
    @HappyMeow7 3 ปีที่แล้ว

    Hello Nikki thank you for sharing your experience. I have a question confusing me. what happens when you send your item to Amazon(FBA) and do not get sold? do you need to pay extra inventory??? thank you

    • @NikkiKirk
      @NikkiKirk  3 ปีที่แล้ว +2

      Most all my stock sells in the first month and things that have been there longer I price to move them. You do get hit with storage fees after they’ve been there 90 days but it’s not that much concern really

    • @HappyMeow7
      @HappyMeow7 3 ปีที่แล้ว

      @@NikkiKirk Thank you so much Nikki. I'm about to start soon. Do you recommend starting with FBA or MBA ??

    • @vitaligrigoryan1133
      @vitaligrigoryan1133 3 ปีที่แล้ว

      @@NikkiKirk In case you have products that don't get sold, do you return them back to the stores or something else?

  • @zachfisher7250
    @zachfisher7250 3 ปีที่แล้ว

    Can i buy ten of the same item from say walmart online and then use that as my invoice? Is that how that works to get ungated? Also love your videos i started two days ago with some coolers i bought for 20$ and already sold all my inventory for 90$ a piece. Im just trying to get ungated cause i found so many things i can make bank on but cant sell them

    • @NyxGaming006
      @NyxGaming006 3 ปีที่แล้ว

      I’ve heard it’s a hit or miss. That some people have gotten ungated and others haven’t.

  • @MrEamaya08
    @MrEamaya08 3 ปีที่แล้ว

    Huge fan of u I have a question I recently got my seller license approved by Amazon I’ve been watching your videos for a while I ended up buying A couple of victrola Record players and I listed it on Amazon FBa ended up selling two I was pretty happy about it but real quick ended up getting a letter from the brand stating that they want to proof of vendor not sure what to do from here I know you’ve been in the game for a while if you can help me please

  • @anthonysavath1805
    @anthonysavath1805 3 ปีที่แล้ว +1

    What type of printer do I need

    • @NikkiKirk
      @NikkiKirk  3 ปีที่แล้ว

      Any printer!

  • @ericks4280
    @ericks4280 3 ปีที่แล้ว

    question for anyone really. is ungating grocery and topicals done by brand like toys? or general

    • @NikkiKirk
      @NikkiKirk  3 ปีที่แล้ว +1

      It’s the same as toys in that toys is a category and then it has brands that may be restricted after that. There are fewer gated brands in grocery and topical than there are in toys but there are some. I still run into ones I can’t sell but I just move on because there are so many I can sell

  • @TheJdizzleforizzle
    @TheJdizzleforizzle 2 ปีที่แล้ว

    What is a BOLO? How you gonna throw up acronyms without explanation?! Not everyone knows the lingo.

  • @dennismassie3552
    @dennismassie3552 4 ปีที่แล้ว +4

    👋🏻Florida ☀️🌴🇺🇸

  • @stormym5100
    @stormym5100 3 ปีที่แล้ว

    I sent in a shipment to amazon and it says the products are received, but my inventory says 0 available. Any advice??

  • @goforaprofit634
    @goforaprofit634 3 ปีที่แล้ว

    Nikki! Are you back yet?

  • @candacejohnston8572
    @candacejohnston8572 3 ปีที่แล้ว

    If I’m sending 5 different products into FBA, can I put them in the same boxes?

    • @NikkiKirk
      @NikkiKirk  3 ปีที่แล้ว

      Yes! Amazon will tell you where it goes but if everything is going to the same warehouse you can!

  • @gumgumresells5518
    @gumgumresells5518 3 ปีที่แล้ว

    So do you need to get a resell license and get a invoice by distributor to get ungated ? some youtubers made me believe you slowly unlock categories by selling on Amazon

    • @NikkiKirk
      @NikkiKirk  3 ปีที่แล้ว

      Hey Jessy! For my topical/grocery guide you don’t need anything and yes you’ll get an invoice. So the problem is that yes, you can get ungated after 6 months to a year automatically but most people who start selling on Amazon don’t make it that long because it’s hard to find stuff when you keep seeing the red restricted bar all the time and they get burned out. If you’re someone who can push through and keep going while you wait you can wait. Then there’s the side of the coin that you are waiting when you could be selling all these high profit categories. Example my Sunday video has $2500 profit from the categories you can get ungated in in like a week time and $300 all in

    • @gumgumresells5518
      @gumgumresells5518 3 ปีที่แล้ว +1

      @@NikkiKirk oh that makes perfect sense thank you for the clarification! Love your channel lots of great advice ! This helped so much !

    • @NikkiKirk
      @NikkiKirk  3 ปีที่แล้ว

      @@gumgumresells5518 thank you!

  • @laura-n-billrhoten692
    @laura-n-billrhoten692 3 ปีที่แล้ว

    What is keepa?

  • @cassandramanansala4959
    @cassandramanansala4959 3 ปีที่แล้ว

    The rank from keepa.. isn’t it the same as the one on the listing?

    • @NikkiKirk
      @NikkiKirk  3 ปีที่แล้ว

      Ranks change daily as the product and other products in the categories sell more or less. Keepa tracks the rank history so you can see what it was in the past

  • @Draze_K
    @Draze_K 3 ปีที่แล้ว +2

    How long do the products take to sell on average? Also, do the rankings greatly affect how fast they sell to others?

    • @props60fps99
      @props60fps99 3 ปีที่แล้ว

      Did you find out?

    • @Draze_K
      @Draze_K 3 ปีที่แล้ว +1

      @@props60fps99 The products depend on the rank and if Amazon sells them or not, ln which can slow down your sales.

    • @props60fps99
      @props60fps99 3 ปีที่แล้ว

      @@Draze_K have you done it and how is it going so far?

    • @Draze_K
      @Draze_K 3 ปีที่แล้ว

      @@props60fps99 Not yet. But she has posted a vid on what it's like to begin.

  • @CHADKANDARIS
    @CHADKANDARIS 3 ปีที่แล้ว

    i didnt see keepa in the IOS app store

    • @NikkiKirk
      @NikkiKirk  3 ปีที่แล้ว

      You have to search Keepa price tracker

  • @Doreti208
    @Doreti208 3 ปีที่แล้ว

    Should I be concerned about the crazy frivolous lawsuits that are a little too rampant in this day and age? Will we be asked to carry insurance to cover ourselves? Currently am selling books FBA. Competition is fierce. Looking to do what you are doing. Good travels to you.Thank you

  • @dmiller1229
    @dmiller1229 3 ปีที่แล้ว

    How can I join your ungating group? :)

    • @NikkiKirk
      @NikkiKirk  3 ปีที่แล้ว +1

      Hi Diane! They’re a part of the ungating guides which can be found here gumroad.com/nikkirk7

  • @davidpera5068
    @davidpera5068 3 ปีที่แล้ว

    What’s a good ranking for electronics (ie Bluetooth speakers and headphones)?

  • @sherandamartin5900
    @sherandamartin5900 3 ปีที่แล้ว

    Where do you get the UPC codes? I guess I am in need of a step by step.

    • @briansinjira8007
      @briansinjira8007 3 ปีที่แล้ว

      I have a PDF that can bd useful for you

  • @Nevele00
    @Nevele00 3 ปีที่แล้ว

    What does it mean to be "gated" or "ungated" in this instance?

  • @jezvelez421
    @jezvelez421 3 ปีที่แล้ว

    I just opened my amazon seller account and everything appears gated what can I do? I don’t know what to sell!!

  • @Evidencehhol
    @Evidencehhol 3 ปีที่แล้ว

    What are the main thing to get ungated on in first few months

  • @Evidencehhol
    @Evidencehhol 3 ปีที่แล้ว

    My problem right now is that I get embarrassed when scanning

  • @Mzakhieh
    @Mzakhieh 3 ปีที่แล้ว

    So if u make money why are u begins for student to pay you

    • @NikkiKirk
      @NikkiKirk  3 ปีที่แล้ว +1

      Am I begging? Hmm. Please don’t buy anything you don’t need for your business and please don’t join any of my groups. Thanks for your comment though! TH-cam loves it

  • @sm-gp7ld
    @sm-gp7ld 3 ปีที่แล้ว

    What is a good kipa rank for a product?

  • @panzycarper6252
    @panzycarper6252 3 ปีที่แล้ว +1

    You talk way to fast please slow down.

    • @freedakaye6720
      @freedakaye6720 3 ปีที่แล้ว

      Click the gear button and you can select playback in .5 speed.

    • @pepperwoster1469
      @pepperwoster1469 3 ปีที่แล้ว

      noooooo. omg i space off with slow speakers. perfect pace!

  • @katygriffith9472
    @katygriffith9472 3 ปีที่แล้ว

    Good advice

  • @katygriffith9472
    @katygriffith9472 3 ปีที่แล้ว

    Good advice

  • @katygriffith9472
    @katygriffith9472 3 ปีที่แล้ว

    Good advice

  • @katygriffith9472
    @katygriffith9472 3 ปีที่แล้ว

    Good advice