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095: Tim Jensen Explains Amazon Retail Arbitrage
- Author: Vários
- Narrator: Vários
- Publisher: Podcast
- Duration: 0:49:29
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Synopsis
Today's Sponsor: Dropship CEO Amazon Selling Course (Feedback Patrol tool included) Tim Jensen is one of our favorite Dropship CEO students. He and his wife in Onalaska, Wisconsin sell $1,000 of inventory through Amazon from retail arbitrage (scanning in items at discount stores and mailing them in) with no employees, from their living room and one-stall garage: "Amazon Retail Arbitrage" FREE Report Part 1: Big Picture (long term with Amazon) invest in inventory scale: invest the profits that come back in inventory turnover: sell frequently (30-90 days after purchase, or dump what's not selling) outsource some tasks: receipts, taxes, payroll Part 2: Flexibility sell evergreen items Use CamelCamelCamel.com to see if Amazon is selling the item you want to sell (so you can avoid it) Part 3: Pay Attention to Detail make sure your UPC code matches the listing follow the rules, there is no flying under the radar supply and demand: people pay higher prices for convenience Terms Tim Uses