Hey guys! Here’s the first of many more “Day in the life” style sourcing videos as a full time Amazon FBA seller. We basically want to take you behind the scenes to show you what it’s like to scan and source at stores. Today I bring you some Walmart footage and show you exactly what I found, and exactly how much I’ll be making from these items.
Some days you’ll find a lot, and some days you wont. Scanning and sourcing is an acquired skill just like anything else. I’ve been doing this almost 4 years, and it’s my full time job… so I’m pretty darn good at it. Amazon is NOT easy… but it is VERY simple. Just scan… do the math… and repeat.
All in all, I spent about 2.5 hours shopping today. I spent about $1,000. I will sell those products for ~4,600. And my Net profit after everything is said and done will be about $1750… Not bad for half a days work! After buying all this stuff I will need to ship it off to Amazon (Though we’ve hired employees to do this for us). That process wont take too long, and it’s already been outsourced and accounted for in my math 🙂
Lots of people have been asking what tools I use to scan. There are 2 main things I use:
Scoutify two (which comes free with Inventory Lab). bit.ly/HustleIL
And Keepa. https://bit.ly/HBKeepa
You don’t HAVE to have these tools to start, but they are incredibly valuable to my business and I highly recommend them.
We’ve done lots of other videos in the past showing various part of how to do Amazon FBA for beginners, so be sure to check out the rest of our channel!
And lastly, we have an incredible community of sellers over on Facebook. Come join in on the conversation 🙂 Facebook.com/groups/hustlebuddies