Yeah i hate videos like this, its not good for a side hustle you need to invest a good chunck of time and sell in bulk to offset the fees such as amazons selling, shipping, labels packaging and cardboard boxes materials. Its an investment
@@SemekiIzuio with all due respect with this reply, this is my opinion from someone who has tried this, all businesses take a good chunk of time, iv'e seen people work 60-70 hours to waking up non stop on many businesses, and you do not need to buy in bulk to offset fees, I started with buying used books from thrift stores, $3 books for $2 to $5 in general, starting with like $200, which ya to start is slow but if you spend the time to do it, it grows over time, shipping and package labels are cheaper with amazon because amazon gives you a discount, if you did fba, it would be around $0.40 to ship each book, and around $4 including packing material with fbm, (fba is shipping your inv to amazon to hold in there warehouse, fbm is shipping it from your place of business).
You make it sound so easy, what about posting the product, getting found on amazon, dealing with returns, paying the reseller fees and we'll the time to actually find those products that can be turned into over priced products. also just because something is listed for x doesn't mean it sells for x right? All I'm saying is there is alot more that goes into your business like additional operating costs, legalities, taxes, etc.
The American Dream, screw your neighbor so you can put your toes in the sand. Selling overpriced items all while Amazon makes HUGE MONEY without taxation for our country. All producing way more trash, burning of fuel from the thousands of inefficient delivery trucks racing around. Did I mention Amazon analyzes sales data and will cut you out if you have successful products and there is an angle? They will go direct to manufacturer and produce it themselves. I have scene this done for multiple companies that had a manufacture build their own products. Amazon went directly to the sellers manufacturer and put in a bigger order and pushed them out as the manufacturer just stopped making the sellers order who had been running for a few years at a couple hundred grand a month. Then Amazon placed themselves ahead of the seller in search and push the seller back. UNREAL ETHICS! Something isn't right here, actually many things aren't right here.
You want him to pre-chew your food for you too? There’s hundreds of how to videos on RU-vid for apps and how to read the sales rank data. And yes it’s a lot of work.
@@user-oe2bq7xy7r I don't want him doing anything for me but what I would like to see is for our country's citizens to not contribute to this nonsense of extremely overpriced goods and encouragement of others to want to join in this as a meaningful business to our communities. We should be coming together to help each other and our country's longevity and we'll buying products from big box stores who already over price by 40-70% to cover a giant marketing budget to have it all in our faces is garbage. It's just silly and not necessary and brings zero value. And I'm all for small local business but these big box franchise are junk! I once heard you can't buy happiness but you can buy local 🙂
the great thing about Amazon is every item has a sales rank. You don't buy these items unless the sales rank is low. Lower ranks mean the item is selling. And if you're using Keepa software, you see all the data on how much it sells for and at what price within the last 12 months, includingthe number of sellers selling the same thing. It's literally cheating. The only thing is he's ungated and new sellers wont be able to do this or sell these brands until you prove you're a solid seller. He's unrestricted or ungated so he makes it look easy. The only thing he leaves out is the software he uses to find the profitable items. Once you're ungated, it's just easy money.
@@xavierj5423 you’re correct but hell I may as well do that, I suppose just not support people who would go out of their way to buy something to resell it!
You forgot to say - Always keep in mind : 1. You need a budget to buy products in Marshals. 2. How many competitors on Amazon Prime for specific product? And how they fighting to be the first and how they playing with the price. 3. How many returns of damaged products and who gonna pay for this?
These are the things every seller has to keep in mind, you dont blindly start buying crap at the store and expect hella revenue, thats not how it works
Amazon used to be cheaper than stores but this is causing the prices to be driven up. Many customers assume Amazon prices are lower than the stores but laziness has run amuck and they don’t even bother to check anymore. 😢
It's kinda funny how he's making it seem like he's made 1.3 million. LoL Now look at the 30k items he bought and how much that cost him. I'm not saying he didn't turn a profit but he also has 5k of items that hasn't been sold yet. How much were those items and how much is the place he's storing them at etc. There's a lot more going on then what he's selling.
Source better stuff. Pay attention to Sales rank. If the rank is bad don’t buy it. Don’t give in to FOMO (fear or missing out) and buy everything just because there’s a price discrepancy. I’m learning this myself-it’s not easy.
Lol 😂 imagine thinking this works. Factor in the cost. The time(driving to marshals, looking through the stores, uploading the product, waiting for it to sell) it ain’t flying off like a Apple iPhone.
Trust me you definitely can make a worthwhile profit if you're patient enough and find the right items I think it's all very market dependent you have to live in an area that has a decently strong economy and a lot of different retail options with high population density
@@moneymakin_ro9486 I never said a 9-5 is better? tax brackets are literally set to benefit small businesses owners and real estate owner investors. Driving around looking for toys to sell on Amazon is a waste of time, go learn a trade as simple as carpet cleaning.
The only reason I go to Amazon is to get the product cheaper. Manufacturers price for a part I needed was $44.00. I found the same part on Amazon for $15.00.
This will take you hours and hours and hours. You might not find anything. And amazon might lose some of your stuff once u send it to them. And they won’t accept your Marshall’s receipt for reimbursement. Or to defend against a customers baseless counterfeit accusation. Or against an IP violation.
$9 per unit but you spent $19.99 per unit. & not only what I saw is that you sold it for $43 & only profit $9!? How the hell does that make sense! All I see is that Amazon gets the most out of it & you do all the work!
All the work? He bought like 10 of the things. That's 90 profit and he's prolly got a hour of work into it.... 90 bucks a hour... hmmm. I'd call that pretty good
Tbh its because people are lazy would buy things online that can be found cheaper by just driving around. Thats why its not flying off shelves. Its flying off shelves off amazon warehouses tho which goes back to my first point
It doesn’t often work like this. You are scanning all sorts of items before you find one that’s reasonable. Then don’t forget you need money in advance to buy the product you plan to resell. And I’ve never done it but how does it work with Amazon returns? Who eats that bill? I mean if you got lots of free time to shop package ship and wait for money this can help supplement an income but I can’t imagine this lucrative to most people.
What did you expect? He gets those products for free to sell!? That literally makes no sense. He doesnt mention that you need some money to put into the business, because thats common sense, and yes you are scanning products, might take a while, might not, but if it has good margins, it might be a good deal🤷♂️ meaning it might be worth it
@@Model-Rat yes he should get them for free. That’s clearly how that should have been interpreted. To explain more clearly what I meant by “you need money” I meant if you find 5 items as $100 that retail for $200 on Amazon you need an extra $500 burning a hole in your pocket. Not everyone has that. And that your items may not sell in a hour so your money might be tied up for a while. Again not something a lot of people can afford to do with their side hustle. And working a normal 8 hour job and then scanning items at marshals for hours may not be the most lucrative use of one’s time.
just love people adding cost to things that dont need cost added to them. now kdis cant even afford toys because people like this take the items from the discount stores and sell them at higher prices. its so scummy.
It sound very nice but it's not like that in reality, I do same but when people get this idea they are not told that the time it takes to sell and at times some items don't at all so it's not this perfect
Its definitely not perfect, but especially if you know what you are doing, done the necessary research, and etc, the items would most likely sell then just stay in the warehouse of returned. People always think things are easier done then how they are actually done.
So you add one label to each product and then you put all those products in a box and ship them to Amazon and then they open up the box scan each item and put it on the shelves the label will link back to your account am I right? Where do you get that label machine or do I just use a printer?
I’m really trying to understand how are you making money if you paid 19.99 for a item you only get 10 for it how does this make sense? I wanna sell but I don’t wanna lose money
@@ben-israelgurjar4378 it's amazon seller fulfilled. You don't ship anything to amazon, you handle all the orders and shipping to customers yourself. Same restrictions on certain brands.
Where do you get the label printer from And where do you get the special paper from for the label printer But first where do you get the label printer from
Just because you CAN does not mean you SHOULD. This is the reason why you can’t find that toy your child wants at Christmas without paying 4X on Amazon. With concert or sports tickets they call it scalping. During a catastrophe they call it price gouging. They get it before you can and if you wanted - pay up!
You realize stores restock items right? All I hear is bitter whining. If you feel entitled to clearance then get to the stuff before the resellers do. They’re putting in the effort but you expect it owed to you.
@@user-oe2bq7xy7r All I hear is someone trying to justify doing something that is ethically immoral, and economically and socially useless. Sure, it makes you a buck, and I'm glad you can live with yourself. But I stand by what I said.
It is not chance if there is demand, thats why you would have to do your research on what products are popping on amazon. Its not guessing what is selling, thats how you would not make anything. And if you want to get into this business, you are going to need money to spend in order to be profitable, its not a one time buy and quick money scheme. Its simply unlikely for ALL or even most of the products to not sell if you did your research.
I truly don’t understand everyone’s desire to tell everyone about their side hustle it’s truly about the clicks I just don’t understand it why do you think that most anybody would want to hear what you have to say about really anything keep it to yourself I just don’t understand
@@WeFlipItAll oh nice! And I'm very unfamiliar but what app do you use that tells you your net profit? (after commission fees and shipping and the cost of the item)
Lol. Do you guys believe this. First of all that 9 dollar profit when you sell with Amazon you have to pay the shipping fees, and can the product sell as well? This is alot harder then it looks. It is taking a niche product, once with good margins, something that is on sale, and lower then Amazon inducing shipping cost yeah people would buy but how much can you buy, not alot. Doesn't seem viable even for product selling.
How much did you make hourly on these? It looks like you maybe had 10 of those dolls at max, making that $90 worth of profit. Subtract the cost of those boxes and labels and tape and everything. Also subtract the cost of gas for driving to and from Marshall’s. All that together and you probably took home $80 before taxes. You said you and your wife are working together so that’s $40 a piece. Let’s just say you could get this done in 2 hours which I doubt, that’s $20 an hour. And that’s not including all of the accounting work you have to do on top of that. Why not just go work as a W-2 employee for $20 an hour and save the headache? Maybe there’s better items to sell that you didn’t show in this video. Also, you only showed total sales at the end. What are your total profits?
The only scam is you may fail at first or may not make as much as you want but if you find the right product it could change your life you never know research before you sell
You'll be gated for a long ass time before you can actually sell good stuff. My buddy was gated for almost 2 years before he could sell anything worth his time
Its not for everyone, but the thing you have to understand is that it will take time, you buy these items in bulk most of the time, the numbers add up, he in this video showed the elmo figure, but later shows all the other items in the boxes, so he had to buy all those other items, and as long as they have good margins, they are worth selling and you would make all you money back plus some more, it will add up to a proper business over time.
@@Model-Rat I get it completely. My business is a service business with a average of 70% profit. And that is considered very high compared to many businesses. The large corporations have a terrible profit margin. Too much cost involved.
Just wants you to buy his course lol, it’s veeeery time consuming pain in the ass and not as much money as you’d think, until you’re able to scale up this is not worth your time
You talk about cheap clothes I bought two sweaters I washed one and it felt all apart yeah that was my first and last time I ever shopping at Marshall's.
It’s a small amount of bread your not gonna make a lot off of $20 if ya think your gonna make 100 off of a 20 you might be smokin some other shit cause it don’t work like that
@@dreamcream5443 keep chasing you little dreams kid. Spending 20 to profit 9 makes sense to you becuase you've heard the saying "gotta spend money to make money" lol keep working hard for your 9 dollars profit kid.
That’s 45% profit lol. The point is that you have a huge inventory after a while. Imagine if that profit margin was pretty consistent through all items in your inventory.
Also, this is scummy work - you're a scalper. Your business relies on overcharging people for items you find that are cheap or on sale. Good thing I make decent money so u I don't need to fuuuck people over the way you do
It wont cost him 10k for all those expenses, you could simply do this in a cafe with free wifi with a ups right around the corner, but all in all it wont cost too much. There are expenses of course and after all that is when you get the net profit. May or may not be so much money but its still profit, the point is doing this in bulk and for a long period of time
