Amazon Seller... A Sourcing Road Trip. Six Ollie's and over $3500 in Profit doing Retail Arbitrage
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- เผยแพร่เมื่อ 15 ต.ค. 2024
- Hello, My name is Dan and I have been an Amazon seller for over six years. I started as very part time. Working about 10-15 hours a month. I am also a retire school teacher. Since retiring, my Amazon business has become a large source of income for me. I still only work my Amazon business about 20-25 hours a week. My goal is to have 16K in sales every month. 16K in sales equals between $4K and $4.5K in profit.
In today's video, I take a trip to Maryland to visit my mom. During that trip, I stop at six different Ollie's and spend $4300 on items from Ollie's. A $4300 in spend should be over $3500 in profit. I also discuss my sales in the sales report and give business tips in the pro section.
New to my channel is the "Membership" feature. I have decided to open my channel up to memberships. There are a lot of features that can be added to a membership channel. I will be starting with some basic features. Basic feature one will be a monthly AMA (Ask me anything). I will message all members and ask for questions about anything. I will then make a video with my answers that will only be shared with channel members. The "Pro Section" of videos will also start including short questions and comments from members. Finally, the membership feature will serve as a means to show appreciation. I have have been making videos for over a year. In that year I have provided hundreds of bolos and numerous pro tips. I have also shared with you my sales and profit in this business. Many of you have thanked me for doing that. It has provided motivation for you in your business. Membership is a way to say thank you. Membership is $4.99 a month and you can cancel at anytime. I am not trying to get rich from this channel but I do need to justify the amount of time I am putting into the channel.
Join this channel to get access to perks:
/ @danflynn7342
Thank you fot showing sales and more. Love how you do your videos.
Thank you, appreciate the kind words.
Amazing your the 1st seller that actually shows everything and doesn’t gate keep .. been doing Amazon 3 months hit 14k last month . I’m also from pa
What is the trick to endless Ollie’s coupons? That would make a huge difference getting that extra 10 to 15% off!
You get a new coupon for every $250 you spend. I have two tricks ... Trick one, I have a couple of accounts. My wife has an Ollie's account also. Trick two, I belong to a Discord group. The members of the group are always sharing coupons with each other.
That’s a great idea being in a discord where people share
Hi - this is the second video I’ve watched of yours, and I’m liking the content. I’ve been doing mostly books FBA for about 7 yrs, but my old sources have mostly closed or just dried up over the last couple of yrs. So I’ve been wanting to branch out to different products recently. I have sourced Ollie’s twice in the last year, but just books. You’ve given me some ideas though. Thanks!
I started with books. It was hard to make profit for me. The fees have really increased with books. I have picked up a couple winner books at Ollies. Mostly the big box sets.
That’s funny we both pick some of the same products!
Great minds think alike !
@@danflynn7342 I actually just realized after I packed them up I can’t sell hazmat goods on Amazon. So back to Ollie’s to return these I go 🥲 do you have a video on applying or how to get approved for hazmat goods through fba?
I do not have a video for that. I applied a number of years ago and the process has changed since then. Is there any profit in selling it MF (FBM)?
I live in Salisbury I love my ollies good sourcing
Visiting your Ollie's has become a ritual for my mom and I. We hit Salisbury Ollie's, then Assateague island, Thrashers Fries then Casino. Always a great day.
Awesome video. Do you save all tots for 4th quarter? When exactly would you send those in to amazon. Do you have a video on that idea
Hello Dillion, Thanks for watching. Most of the toys will go in 3rd quarter in prep for 4th. I will start sending large amounts of toys in September. I made a couple videos last fall about my 4th quarter prep. Best of luck .
Thank you for your videos, they are in inspiring. We scaled to 13K/mo in sales after just 8 months of selling. We are continuing to grow.
That is awesome. Congrats. The key to scaling up... the more you buy, the more you sell. Best of luck to you.
Hi Dan, I am from Maryland and have been recently retired. I too just wanted to replace my salary with arbitrage. I have enjoyed watching your videos and learning from your sourcing trips.
Hello, Welcome to the jungle :) Do you love sourcing? I do! I love finding the deals. I think it fulfills a primordial desire similar to a caveman hunting. I feel you need to love the sourcing part. If you are just doing it to make money... this may not be the best retirement fit. I know a couple people that have started an Amazon business only to shut it down a few months later. What did they have in common... they got into it for money. They did not love the hunt. Best of luck to you.
I love the hunt actually. I did private label and I did not love it because I cannot touch the item I am buying until I get the sample or the merchandise.
Another great video Dan. Thank you
Thanks for the comment and thanks for becoming a member.
Great stuff dan, glad to see bella is doing good!
Thanks for the comment and thanks for joining.
Do you hold toys till q4
Depends on the toy... About 50% of my sales now , are toys. I have a couple toys that I purchased over 18 months ago that are making over 300% profit. I go through my stored inventory once a month. If an item has few sellers and good profit, I'll send it in.
How do you prep the case of cat food cans to FBA?
I purchase boxes from ULine. I use a 12 * 12 *4 box. I also bubble wrap the entire inside of the box. Make sure there is no movement inside. If the cans move, they could break open. I have sold many units and have not had any complaints nor have I had any damaged cans. Good Luck.
@@danflynn7342 Very clear explanation, thank you!
Have you ever had to fight an inauthentic IP claim using an Ollie's receipt?
I have not, but I belong to an Amazon discord group. Some of those members have used Ollie’s receipts for fighting IP claims and getting ungated.
What a happy girl!! Great seeing her recovering to almost 100% keep up the great work Dan
Hello and thanks for joining. for the last 5 months I have had to talk Bella out on a leash. I stopped doing that on Saturday. She didn't know what to do. It was funny.
Just wanted to let ya know richies hustles just mentioned you in his last live video said good things about your channel so he watches your channel . Pretty cool .
Lol… I was wondering why my views and sub count went so high today. He commented on my video yesterday. That was very cool of him to do. Thanks so letting me know .
Great video! I always get nervous when someone buys a high quantity. I feel like they are other sellers. I sold 8 of something last month and just got the return notice.
I think it was a dentist office that bought my item but yeah, I know what you mean.
MAN THEY HAVE GHOSTBUSTERS!!!!!
They do but surprisingly not a good rank.
When you say hold on to it until others sell out. Do you mean not listing it?
That is correct. If I am selling MF, I'll list it at my target price and forget about it. If FBA, I box is up and check on it every month. I have items that have taken years to make a profit, but they eventually do.
Patient man!
Do you offer a mentorship?
Hello, Thanks for watching. I do not offer a mentorship but I am honored that you would be interested if I did. I do have a channel membership for $5 a month . As a channel member you would be able to participate in a monthly membership Q and A videos.
How do you decide which ones to ship FBM?
MF or FBM is decided using number of sellers, rank and profit. I need the item to sell in 90 days. If I can not sell the item in 90 days for my set price, I will not send it in.
Thank you and how do you figure that something is going to sell within 90 days. Do you go by the BSR?
Hello, Sorry for the delay in my response, did not see this message. I mainly use SellerAmp with that. SellerAmp will give you an estimate of how many units will sell in a month. I look at the number of sellers and their current inventory. I make my determination mainly form those variables.
Isn't it nice that many care about their oral health and you can provide them the Oral B flossers?!
Love the Bella update.
Dental hygiene is the key to a long and happy life. :)
At kohls the clothing is profitable. Women’s underwear, under armour, bras, mens underwear. I always find Adidas but only worth it when there is extra off of clearance.
@@maccastellon2768 I was a big Kohls shopper when I started. I would hit the toys section and clearance pretty hard. Then Kohl’s stopped allowing the use of 30% for name brand toys . For me, I average $500 in spend every time I go into a Ollie’s . I can be in and out in 2 hours. No other store comes close for me. If I’m sourcing, I’m at Ollie’s . Any other store is a loss in time … for me.
How do you get those darn price stickers off items? I specifically wonder about the action figures etc as I too sell some on ebay and collectors are extremely picky.
Heat gun about 6 inches away for 6 seconds works about 95% of the time. Heat gun is the trick! Different surfaces require different amounts of time and distance but the 6/6 rule works for most items. Be careful not to burn the surface. Some people use a hair dryer, I prefer a heat gun. Good luck
Good thing you didnt buy it, that Aussie was not the same product.
Sometimes I get in a rush and miss some of those. Good thing Ollie's is good with returns. Thanks for watching.
@@danflynn7342 They do have the ones shown on your phone though. They had them at 4 out of the 5 Ollie's near me. Bought a ton of them for FBM. A ton of Aussie stuff out there right now. Great job Dan. Keep em coming.