if you follow me, or pay attention at all.. i've been sharing snippets of my journey of building an Amazon business. i've shared quite a few gold nuggets of information that could help you. pay attention.
one thing i haven't made entirely clear, for obvious reasons, is my process on sourcing products outside books. wanna know the secret? it's called bots. bots and AI tools. i have bots that scrape different wholesale and retail sites.
these bots looks for giant price discrepancies, deals that are over 80% off, and close-out sales. they will improve over time. when it pings for a product, it also checks the price of that item on Amazon, & calculates profit margins.
once the bot checks profit margin, i get a ping on Discord that lets me know there is a product i can easily source and make a 35%+ return on by selling on Amazon FBA. it even accounts for fees & prep costs! the secret is out now...
these tools & getting better and better. combine the bots with tools like Keepa that track price data, sales, offers, & traffic... then you have a pretty fucking educated guess as to if you will be able to make a profit on that product.
you don't have to be a genius to do this kinda stuff. you just have to be smart enough to use the tools that exist, & find ways to take advantage of them. maybe you make enough money to have your own custom tools built eventually...
for now though, this is how i am able to source hundreds of dollars worth of product sometimes for cheap. i sourced about $300 worth of product for around $50 the other day. i did something similar last night before bed.
OK so you soon you would need a warehouse to stock all the stuff you buy or r u tweaking the drop shipping model so the seller holds on to the discounted stuff for you till you make a sale #10x profits and save the shipment
if you follow me, or pay attention at all.. i've been sharing snippets of my journey of building an Amazon business. i've shared quite a few gold nuggets of information that could help you. pay attention.
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one thing i haven't made entirely clear, for obvious reasons, is my process on sourcing products outside books. wanna know the secret? it's called bots. bots and AI tools. i have bots that scrape different wholesale and retail sites.
3/
these bots looks for giant price discrepancies, deals that are over 80% off, and close-out sales. they will improve over time. when it pings for a product, it also checks the price of that item on Amazon, & calculates profit margins.
4/
once the bot checks profit margin, i get a ping on Discord that lets me know there is a product i can easily source and make a 35%+ return on by selling on Amazon FBA. it even accounts for fees & prep costs! the secret is out now...
5/
these tools & getting better and better. combine the bots with tools like Keepa that track price data, sales, offers, & traffic... then you have a pretty fucking educated guess as to if you will be able to make a profit on that product.
6/
you don't have to be a genius to do this kinda stuff. you just have to be smart enough to use the tools that exist, & find ways to take advantage of them. maybe you make enough money to have your own custom tools built eventually...
7/
for now though, this is how i am able to source hundreds of dollars worth of product sometimes for cheap. i sourced about $300 worth of product for around $50 the other day. i did something similar last night before bed.
8/
Man!!! That's awesome. I welcome you to do a post in The Mindful AI community with such tricks.
Wish you great luck with the new adventure.
What are you selling exactly?
i sell a little bit of literally anything profitable. outdoor and home improvement items are hot right now.
might have to do that!
i hope you enjoyed my rant
/9
That is amazing and make it more easier
absolutely
OK so you soon you would need a warehouse to stock all the stuff you buy or r u tweaking the drop shipping model so the seller holds on to the discounted stuff for you till you make a sale #10x profits and save the shipment
No, I use FBA. This is where you source products, and ship to Amazon. They store them for you at a fee and handle shipping, etc.
I have been curious what you sell and how you do it!
Bots and AI well, now we know, still pretty fluffing clever.
I remember dropshipping with ebay and Amazon about ten years ago were all the rage!
Great to see you doing well!