Hi, let’s say I want into a shop and see a product on sale, how do I know if I would be making profits out of it, what do you use to compare prices immediately, and also how do u know if you won’t be gated from selling that product.
Reezy = reselling G.O.A.T. 🐐 Been watching you for 5 years now…made thousands of dollars using the free game that you’ve put out. Thank you bro, for what you do. You the Realest!
I think a lot of people, myself included, would get a lot of value out of a video regarding taxes and bookkeeping. Struggled to get by this years tax season as a sole proprietor but I would love some ideas on how to make the bookkeeping easier to use at the end of the year
I've always hired CPA. I used to do my own book keeping in QuickBooks, once a week I would categorize everything, but I never filed my own taxes. I hate doing taxes so I just pay someone else to do it. When I was really small, like the first few years I did a cheap online tax service like turbo tax or tax slayer
I think if you are talking about amazon only there are software like taxomate to have that sync in with quickbook. Just try to do as much automation as possible to pay less and live an easier life.
Inventory lab connects directly to amazon & keeps track of everything.. then just make sure your not purchasing anything with your personal cards or bank account.
As others have mentioned in this reply, Make your life easier by having separate bank and credit cards for all your business related stuff. Use an accounting software, even just a free one like MINT and catalog everything once a week. Inventory Lab has great accounting as well but obviously that's not free
Bro this the most informative video out of them all. I use Reddit sometimes and follow an Amazonseller group and just the way people talk in it, I can tel their not doing OA or RA. But I never knew what they did. Like are they at home welding or creating products with a 3d plastic printer. They’d talk about PL. but I still don’t understand how you just manufacture/create your own product and it seems so risky as to if it will sell on Amazon. Anyways. This just answered a lot of questions.
Awesome video!!! I just stumbled on to your channel tonight and this is the first one ive watched so far and its packed with detailed, practical information that i can experiment and play around with. Ive been watching videos on how to make faceless youtube videos for a couple months now and have become disenchanted with them. Im looking for something that can produce results quickly (Even if they are modest ones.) I want to just jump in and try some stuff in order to learn but all the formulas and models from other videos seem too difficult and out of reach for someone like me with no money and no experience. Your video actually reignited the fire of excitement i started with that has slowly been dying down to embers. Thanks!
Hi Reezy. For OA, can you just sell a hodgepodge of products you find online? I'm still not sure how that works. I know some products are gated or restricted, but how exactly does OA work on your Amazon store? If I find 5 to 10 products I think are worth selling, do I just put them on my Amazon store? And do I have those products shipped directly to Amazon, or is that more for wholesale or private label? Thank you for your amazing content. 🙏
Hey reezy can u make a video on total cost of everything including the paid apps like scoutify,cost of buying scanner and printers... Pls make a complete video thks .. i appreciate ur work
All you really need is a printer and some tape. You can get by with the seller app. Are you saying youw ant a video detailing the cost of every app you could possibly use? I really dont recommend buying a bunch of supplies or services before you start. 9 times out of 10, people who do that end up not starting at all
Hey Reezy, Does an FBA seller who has the professional account($40 per month) get the buy box more often than an FBA seller who has the individual (free) account? if so, is it by a significant amount or not by enough to worry about? Thank You!
I do not believe there's any advantage outside of the fact that if you're more established, you likely have more feedback, less transaction defects etc
Thank you for all the good information that you are sharing, I have a quick question for you hopefully you can answer me. You said you made over 10 millions in 15 years, would you say that you can make the same amount if you had a job 40 hours per week?
Hi reezy u did made video on buying and selling books but never saw video of finding low competition keyword which is as much important as finding good products...
I don't sell private label. Everything I've done and taught revolves around selling things people already want and listing in those pages. I have done a tiny bit of research w that for Merch on Demand (amazon pod) using Helium 10 tho. I also do this for RU-vid video titles as well
Not my cup of tea, but this video wasnt really about my opinion, more about the options that are available. There is a hybrid version of wholesale/dropshipping where you ship from your suppliers direct to your customers that I actually think works quite well. I also forgot to include affiliate marketing on here
@@ReezyResells Thank you for your reply. Do you have a video that talks about going into flipping or retail arbitrage starting from nothing? I’m pretty green when it comes to this. I started watching a lot of Gary V videos on flipping.
Bro what do I do when the buy box isn’t rotating? I see FBA. Buy box only has been rotating to 1-2 people. And we’re at the same price. My metrics are really good. I have no clue what’s going on. Can you help?
usually its something with the offer and usually price. Also dont forget that what you see as the buybox is not the same as what everyone else sees. Different offers might get the box depending on how close the item is to the customer viewing it. Other than that all I can think of is even tho your metrics are good, theres are better or they have much more feedback than you or much less defects overall
Hey Reezy . Quick question for you. I’ve been trying to find an answer for awhile now. When it comes to having the addresses match could I use both for my home address? I just wanna hear what you do when it comes to that.
Love your videos man and the info has helped a lot! I’m trying to send my first used book shipment but it’s asking to upload photos. Do I have to upload photos of them or is there a way I can just use the listing that’s already on Amazon? Again greatly appreciate all the advice!
Hi Reezy. I just got approved for my Seller account. But I want to change my cell phone number. Is it a good idea to do it so soon ? Will they take there time to approve me. I don't wanna raise any red flags
I have been having the most difficult time adding two different products to my inventory and the associates have been no help! When I go add this product to my inventory - it never shows up! It’s not in drafts and just doesn’t show up. Have you dealt with anything like this? Helpppp ❤
Scoutify is for retail arbitrage. I think it would be better to utilize a newer tool which does both called Seller Amp. Grab a free trial here www.selleramp.com/reezy
Hi just a quick question on getting ungated so do you have to have an LLC when you get invoices from Walmart, target , Costco ? To submit to Amazon Or can you still send invoices to Amazon not having an LLC
Just want you to go on and on 💯. Can you let me know what are the risks associated with Online Arbitrage? Secondly, is there any way to avoid an IP complaint?
One of the biggest risks some brands would do the policing on the products but there is many softwares tell you who is the trouble brands. If you have complaints of IP you can dispute it but you need to buy it from legal sources
It's all the same, and the part that's different is stuff I don't know about because I'm not Canadian. You'll def need a prep center that's based in the US and a US amazon account (and bank) but other than that it's pretty straight forward. Check my online arbitrage videos ru-vid.com/group/PLC7FBp9RHhdoVHzT_MN-0l2QEWZoBrxFt
@@ReezyResells ok thank you very much! I’ll check those out. I’m having difficulty understanding how to get ungated and shipping items to the US. We don’t have kohl’s or target etc. here.
Dumb question but I'm trying to figure it out... Regarding the different methods such as RA, FBA, FBM etc can I do them all under the same company & Amazon account?
Not on amazon. You have to follow their rules, these are never your customers, they're amazons customers and we get the privilege of selling to them provided we follow amazons rules. This is also why the brand has so much consumer trust, because they've orchestrated that entire relationship through strict rules for sellers
Tactical arbitrage is the industry standard, but it's a little pricey and has a steep learning curve. That's the best route IMO. You can also use things like Seller Amp to do some reverse sourcing. You're gonna need a subscription to Keepa for sure. Grab some free trials with these links Tactical Arbitrage bit.lY/TACTICALARBITRAGE Seller Amp selleramp.com/reezy
@@Andyelmz if you're using your social security and being a sole proprietor or if you have an LLC that's not electing to file as an S or C corp, you still will be registering as an individual. The other options are Corporation, publicly listed company, Charity or State owned business. And LLC is not a corporation unless you file it as such
Hello reezy my question how can I even make profit in retail arbitrage, if there so much monthly expenses in all the services you listed and plus expenses from Amazon on top of that?
Are you able to explain the reserve account? It seems like im now making profit from the reserve covering fees the more books i sell. I also see why you suggested 80% merch fulfilled. I appreciate your videos!
As you go along they start holding less and for less period of time. I'm not sure on the exact mechanics of it but I think after 6 months to a year of good performance it turns into them Only holding money for potential claims
So I already have my LLC set up, wholesalers buyer approved, got approved w Amazon to sell, and my first product is being delivered to me next week, but I can’t figure the shipment process to Amazon once I get my product here. It was so confusing on the seller side. Any help you have on that would be so appreciated 🙏🏽
Seller app will work but it's very slow and doesn't have a database which means ever scan will have to wait for signal to come back. Since 95+% of books are not worth selling, the speed at which you can scan and evaluate them really matters. My suggestion is to try the seller app until you get tired of it. Once you see the speed difference in the ScoutIQ database trial, you're not gonna want to go back. Grab a trial here when you're ready bit.ly/SCOUTIQapp
Lets say you ship to amazon fulfillment warehouses, do you ship it to the warehouse location from the website you are buying the product off of or get the product to your own house then ship it to the fulfillment warehouse?
You wouldnt order from an online supplier and send it direct to amazon unless youre doing wholesale or private label and your supplier has experience with that. When doing online arbitrage, you would ship it either to yourself and then package and prepare the shipment to amazon, or you would send it to a third party prep facility and they would do that work for you and forward to amazon fulfilment warehouse for you
Hey reezy I tried to sign up for the individual plan on Amazon but it won't let me it keeps going to the 40$ plan do you know how I can sign up for the individual plan?
Hi I like all of your videos, could you explain how to choose the shipping cost when you ship your item yourself and have Amazon to print an ups label Im confused on how to choose it or get the estimate shipping cost from the app when I scan a product and want all the cost for that product so I can really know how much I will be paying for the product? I will appreciate your feedback 😊
When you're shipping yourself, the seller app cannot estimate the price for you. My suggestion is to use www.pirateship.com (free) and input the package dimensions and an address far from you; somewhere in LA or NYC (whichever is farther). Just google a common address and use that for an example. Once you plug in the destinations address and the package dimensions, it will calculate the cheapest shipping option available for you. However, the easier thing to do rather then figuring shipping on each item, is to make your standard shipping free, and then build it into your price, which is what most people are doing Overtime you'll become much more familiar w the shipping options and rates. The USPS website also has a shipping fee calculator Flat rate shipping is easy to remember and you can gauge is an item will fit in a priority flat rate padded mailer or a priority large flat rate box for example easily. Keep a screenshot of the rates in your favorites on your camera roll as well Most of all, once you more familiar you'll just be buying things and knowing that with X much profit. you're gonna cover shipping for sure Hopefully that helps
Also you don't have to use amazon postage, although usually it's the cheapest. You can print postage from pirate ship and just manually input the tracking. Especially useful when amazon doesn't give you the best rate (usually because they're trying to ensure it gets there on time so they omit the slowest option if you don't ship it right away. You can fine tuned this by adjusting your handling time in your settings. But beware it can affect sales as customers can see expected delivery times
