@@jurgenschemelzer8369 I always go to the store, i want to see what i am buying. Now i see that Amazone ripp you off, i continue buy in the store coz its cheaper.
I see so many people interested in this and had to put my two cents in. First off, if you want to do this sort of thing, you need a storage unit or clean garage. Second you need to have some cash to get started. You will then need to go shopping and find good things that are in demand, buy them and store them. IF you plan on shipping them for Amazon to store, you need to know that Amazon charges you to store them at their facility by the cubic foot, and also charges you a fee for them to fulfill an order IF someone does order them. So..another words you scan products, see if you can make a few bucks, store them at your house or at Amazon, then wait for someone to buy. IF you end up selling an item and the box is shitty or all busted up, plan on making it right, also keep in mind most discount retailers where you get a good deals like TJ max or Ross sells rejected items, so be willing to refund someone's money when they find out. Don't forget sellers fees, taxes, and any other bs that will come with it.
It's funny how people love to talk about things they know nothing about. First off, I do 2 million in sales a year as a full time amazon seller, % or revenue that's net profit comes out just shy of 27%. Which is over 500k profit per year. If your talking about paying sales tax on items as a reseller, well you probably shouldn't get into business. It's called sales tax exemption. You as the reseller are not the end consumer. Sales tax gets passed to the end consumer (customer on amazon) therefore, if you do things correctly, all the added cost you think applies..actually does not. Do your research and don't be lazy, amazon could very well make you rich.
Talking nonsense..nothing is brand-new ever..unless hand built right in front you..not scum at all ..must be a guy uncomfortable with handouts...like me
@@user-lm9eu4kb9fnope you don’t understand. I worked at TJ max as a teenager and once you know there are defects in the product you can easily spot them. Nobody else can so I still shop there
@@barbarossacoffee8011 society was still a mess. People are largely vacuous, self important, ignorant, arrogant buffoons. Godless. Everything wasn't fine at all under T man. Just better than it is now.
TJ Maxxx may also receive items sent out of QC issues. Not always because it can't sell. I just bought a Walmart pallet cos of a few defective microwaves. Now I have 10 boxes of working 100 dollar microwaves that will get me 1000 bucks and I paid 450 for the pallet. And I can sell the defective ones for 25 bucks to some fixer at a flea market.
That's what made it a good place for re-selling before this market saturation. More expensive clothes could be bought here for cheaper. I bought a Ralph Lauren polo hoodie for $30 back in 2018 and they went for $80 new online when I checked. Now all the Polo stuff is picked clean and sold online.
I have not, nor will I ever, buy or sell anything on Amazon. Do not have an account, will not open one, ever. Shop local as much as possible. Support local business
He doesn’t keep inventory. Amazon does. This is why you are going to be stuck at a 9-5 for the rest of your life because you pass judgement on a growing and accessible income stream
I miss the old days before resellers ruined stores like this and I could actually go to a store and find clothes and things that I need at a discounted price.
@@oliver_klozoff let’s hope you don’t buy gas, any clothing items, no groceries, don’t use internet or electricity…because..wait for it..all those companies buy their product and..RESELL to you at a higher price. Crazy!!!
All fine until Amazon requires you to submit an invoice from a legitimate distributor but doesn’t accept store receipts. This also voids the manufacturer warranty when not purchased on Amazon from an authorized retailer. Amazon sued some buyers for this several years ago when they tried to falsify legit invoices. Good luck
@@stephreneewilliI work for Amazon no Amazon does not sell everything but to sell on Amazon you have to have proof that you have the right to seek those products. You can not sell brand names on Amazon with out the brands permission that’s why you need an invoice that you bought it from the brand.
Some genius in the TJ Maxx or Marshalls marketing department just posted this video. It’s a very smart way of them clearing out their used inventory. And getting idiots to do their selling online.
Well he’s not the idiot if can profit 100 dollars from spending 60 I’m 15 I’m about to start I was like it’s almost like free money the you sell at a lower price like 140 and undercut the competition they save 30 and you make 90 I do this about 10 times a week I’ll make a pretty penny
@@Anonymous_joe445one cannot sell branded items through Amazon until you have take permission from that brand. Most brands do not allow that, if some brands do then they charge a commission. This man is a scammer.
Buy the time you scan every item ,buy it, pay the amazon commission, ship it, deal with the buyers questions, deal with returns, You end up with less than minimum wage!
@@shalatornatore9611 If you are doing FBA then you get to take advantage of Amazon having a partnership with UPS and get a highly discounted shipping rate.
Haha. Cause he’s lying. No business man would give his secret away so other people start doing it and become his competitor and his profits drop. This guy is a liar and says shut like this because he makes the majority of his money on you tube.
@@regieds I'm sure he made more than $2, but $1.5m was his gross sales. His net profit would be much less as you have to subtract the cost of the items sold, taxes and expenses. If he buys something for $100 and sells it for $125, thats $125 in sales, but profit of $25 (minus tax and expenses).
Nobody wanted it locally, but Amazon or eBay opens up the buyer market to hundreds of millions in US alone. I buy online things I can't find locally and because I hate in- person shopping. To each his own.
If nobody else wants the items at Ross or TJ max....how do they stay in business? You see those stores everywhere! That means that somebody are wanting what they sell.
You buy stuff that is sold and fulfilled by Amazon not 3rd party sellers. People who say they don't shop on Amazon or Amazon isn't what is used to be are just dumb and don't know how to use Amazon properly
@@jayz4evr who said anything about not knowing how to identify 3rd party sellers? Your assumptions are dumb. And if you think Amazon is still the best place to buy things from you’re even dumber. Or just just a blind fanboy.
Youll be stuck with inventory for months because you buy clearance items. You’ll never get your time back in cost hunting for clearance items. Time vs profit
@@tradergirl7067 i know from experience, I started when shipping was only 3$.. now it’s high, people steal and return items. Return empty boxes or old used clothes. There’s no tax right off for this. And you are now competing with companies like Ali baba. Mass production over quality. You can get better prices off thieves now.
Not to mention the approval you'll need from Amazon to even be allowed to sell the product on their platform. Everything is gated when you start. Nobody talks about that
@andresvillagomez75 sales rank is how often people buy it on Amazon. So if the rank is 1000, that was the 1000nth item to have sold last on Amazon. Anything under a million is good. Shows how fast it will sell
Amazon isn't like eBay, if it's selling for $X and it has a a seller's ranking that shows it's selling a high amount. Then you will sell it at $X price. The fees are insanely high tho
@@felixrivera7219 Gross sales is how much money came in from sellinf stuff altogether while net profit is how much money Is left over after paying your bills and everything
@@jasoncastillo7685 bro 20% is unattainable. It’s more like 5-7% after all of the real costs come through. You’ve never ran a biz obviously, or if you have you’ve failed.
That’s a weird pet peeve to have. You’re not the first one to have it either. People seem genuinely upset by low phone batteries. Personally, I think it’s a sign of autism to care about things like that. 😂
I guess alot of people don't know this but they sell blems at these stores. The items have some kind of blemish that makes them unable to be sold at retailers. Example - Messed up stitching, crooked logo or in the wrong place, color appears faded or wrong color. Basically it can be any number of things but they are blemish items.
i can go through an entire store in about 3 hrs. and make thousands in about two weeks from it. why are people so wrong about this type of thing. it's easy and it's true!
I shop Amazon a lot. I’ve noticed that Amazon has lowered prices on a lot of items sold and shipped directly by Amazon. Plus, with Prime shipping is free. Amazon gets a percentage from third-party sellers.
Today's lesson in "stop paying attention to the top line". $1.5 million in sales can get swallowed up real quick. First all the gas driving at the very least a large pick up to different retailers. He needs to be picking up at least $4200 worth of shit a day. He's got to pay to ship. Amazons BuyBox Algorithm directly compares sellers. Rapid race to the bottom. Financing costs.
He actually did reference the fact that he has overhead when he stated his profits were $60 ( despite the fact that the difference between his purchase price and selling price was $110. He is clearly admitting that he is giving up $50 in overhead ( of which is Amazon fee and shipping). If he had suggested the total difference ( between $59 and $160) was all profit to him by saying his profits would be $100.
@@FoxInTheBasement You actually have a good point worth thinking about if using this claim to support starting your own. Perhaps he overlooked this but he would actually have to buy more than $4.200/day, considering his profit margin ( assuming his John Deere example is representative margin of his business) dictates he average a 100% margin ( $60 spent to double his money and make $60 clear). I doubt he averages 100% margin
@@FoxInTheBasement why are you people so dumb? Oh wait..I know. You’re a “college” guy, studying what? Business? Like every other dumbass that goes to college? You’re wrong about what you said. You really think he’s ONLY shopping at TJ maxx and retail stores? Have you heard of the internet? Now you have. Next, google something called “wholesalers”. WOW! Holy shit! You can buy items in bulk from licensed wholesalers and have it shipped right to your door! Crazy! Fucking idiot.
What he isn’t telling you is the $20 plus he’s gonna spend in paying for the shipping. Since he is matching the lowest price that will include free shipping. So he is going to make maybe $40 profit at best. But with shipping prices and the item size is say more a $25-$35 profit which is still good for sure
How do you get around the trademark violation? Do you already have a resellers agreement with TJ Max or the items manufacturer? I have seen a ton of friends get cease and desist letters
That they don’t need to follow. You can sell anything that you bought legally to another party. Trademark violations only matter if you’re trying to copy a product.
The reason everything is expensive is because of the nature of supply and demand, not because some dude on your phone goes to tj max and resells, dont get me wrong i hate this shit and see it everyday working retail, but it is not the reason everything is so expensive now
@@cameronbrown367 maybe, but it is the reason stuff is so expensive online. You can't tell me thousands of people across the nation doing this at stores like TJ Maxx don't affect supply and demand
Whenever I go into a store and scan the item it ALWAYS is cheaper on Amazon than the store EXCEPT few voluminous items that aren’t cost-effective for postal delivery.
I don't buy bigger ticket items from Amazon. I go to Walmart, Costco, and some other big box stores which I see are always busy. I use Amazon for little things I can't be bothered to shop for like computer supplies, cables, ink cartridges, razor foils and batteries.
Exactly because you know the merchandise is actually new and not some closeout junk or a return/open box that came from a discounters clearance rack. Most the clearance stuff at TJ Maxx has been manhandled, torn, missing parts, opened, returned multiple times, used, etc. I never buy anything of value from third party sellers on Amazon unless they have their own fully functioning, brick & mortar or online retail business I can confirm quality outside of Amazon.
@@DD-dr4dn Amazon fees, postages, time, misc materials, vehicle maintenance, purchase price of the items, etc. People like to say I had millions in sales without stating actual profit or expenses. Kind of misleading if you ask me.
The time it takes to go shop for it, list it take photographs then all the time it takes to answer everybody’s stupid questions about it, then it finally sells you have to pay all of the selling fees taxes then you have to go to a place to ship it. Hopefully it arrives in good condition and you get a good feedback from the buyer otherwise not really worth it.
Tk maxx is litterally a shop that sells excess stock that the brand or previous retailer has struggled to sell online or instore at retail price. Hope you have somewhere to store it for 18 months
@@antonmuller8940 yeah he needs to buy. Tk maxx turns stock over quick. You wont last long or get a good rating selling stuff that titns out to be not avsilable because tk maxx sold out.
@@antonmuller8940 and then it sells on anazon a week later and he goes to tk maxx to buy it and its gone? No he doesnt do that. And that would the flimsiest most time consuming and unreliable business model. Say he puts ten of one item on amazon. Sells one a week. Has to go back to tx maxx every time. And thats just one item, so every time he sells any item he has to go back to whatever store he scanned it in. Just hoping its still available.
This is why I stopped shopping conveniently on Amazon. So many people are doing this and the ones buying are doing it so they don’t have to go to the store. Price match. Compare prices. Make time for your shopping needs to get the best rates.
If you get things like fragrances, the shipping would be way cheaper and you could sell them on eBay or Amazon. I recently got a Versace Bright Crystal gift set from TJ Maxx for $64, that includes a 100 ml tube of lotion and one of shower gel, a ten ml travel bottle of the perfume and a 90 ml bottle of the perfume. They had the 50 ml bottle in the case too, for $60! Also the red price stickers mean it's marked down, at least at TJ Maxx. I've gotten ten ml travel fragrances for $10 or $20, for things like Valentino Voce Viva Intense and Donna Born in Roma, and Calvin Klein CK Every One and more. They sell those for $35+ at places like Sephora and Ulta.
The biggest issue here is that some of the items don’t sell immediately and you end up with a whole bunch of items that don’t sell for months it might even run out of storage
@SilentDiablo that would be drop shipping to Amazon FBA, and yeah it's way more profitable. But costs a lot more to get into, with $150 I can make $300 with FBA in a 10 day period. To dropship FBA you need probably $2k to start Edit: just thought about also then you have to rank your listing, get amazon to actually try to sell it. with retail arbitrage you can find products that the manufacturer is marketing for you, and it's a very fast and simply process. If you hit under the 100k ranking, you're pretty much promised to sell your item in 30 days at lowest price match
@@DaltonCollinsonthanks for the info. I'm trying Amazon FBA right now. Would I have to buy items for example on AliBaba and ship them to my house then send to Amazon or can I send them straight there?
I’ve used apps years ago yours is by far the cleanest one i’ve seen. I have one question please respond back you must be un gated on all categories in order to sell certain brands seen one of your last videos example Amazon will send you a letter for you to show proof that you have permission to sell Nike products on Amazon to make sure that it is an authentic Nike item. Did something change or Amazon does not have certain items restricted for you to sell I would like to hear a response on this
Here’s one… As of today November22, 2002. The price to ship that via USPS, UPS, or FedEx would be somewhere near $60. What a waste of time. And then you don’t even get into cash flow, handling costs, your time, and taxes.
Let’s say you have to drive to store, find item, buy item and drive home. Then when you sell it you package and ship. That takes an hour. Assuming you did that with 100% success and every item sold for an average of 169, that would require 8,875 hours to sell 1.5 million. If you did that for 24 hours a day, it would take you 369 days of finding one item to sell for that price.
If he paid $750,000 for the purchases and made 70% profit that is $562,000. Not bad. But you say a lot of work. We work 40 hrs a week and make far less per hour.
Lol, then you gotta ship that big ol pkg for FREE, which will cost you a minimum of $35. As a seller on Ebay and Amazon for over 20 years, this is a waste of time.
One of my friends does stuff kinda like this. He has several buildings full of stuff... and an amazing memory of where everything came from and how much he paid. He also keeps some stuff for 10 years before it sells.
