Notes on Amazon FBA Product Sourcing

Introduction

• Importance of learning to source products for Amazon FBA to make money.
• Speaker: Joe, owner of Strictly Commerce.
• Experience: Over 5 years on Amazon, $5 million in sales.

Fastest and Most Efficient Sourcing Method

• Reverse Sourcing:
  • Ideal for online arbitrage in 2023.
  • Involves checking products sold by other sellers.
  • If they're selling a product, they may have other online arbitrage flips.

Benefits of Reverse Sourcing

• More exposure to a vast array of listings.
• Helps in reading Keepa charts and understanding products.
• Aimed at finding affordable products that can be resold at a profit.
• Although not always the most profitable, it allows for substantial listings exploration.
• The goal is to scrutinize multiple listings to find viable products.

Key Concepts

• Look for Groups of 10:
  • Review at least 10 products to find 1 potential winner.
  • Higher exposure increases the chances of finding profitable items.
• Competitive Analysis:
  • Once a winning product is located, analyze other sellers on that listing to find additional opportunities.

Methodology

1. Start with Known Brands:

   • Example: Use Walmart private label brands that sell exclusively at Walmart.
   • Search for Walmart brands on Amazon to find items to flip.

2. Product Search Example:

   • Search for products through a known private label brand (e.g., Spring Valley).
   • Check prices on Walmart vs. Amazon to identify potential flips.
   • Review sellers and analysis of competitive pricing on listings.

3. Recognize Timing Issues:

   • Be aware of the timing when sourcing; products may be out of stock the moment you find them.
   • Prices can drop fast post-listing, but good items can still be found.

Practical Sourcing Walkthrough

• Finding the Product:

  • Use the example of a product (e.g., health product) and check its pricing.

• Evaluate Seller Storefronts:

  • If you discover a seller, inspect what other products they're selling.
  • Assess potential profitability based on pricing and fees.

Conclusion

• Reverse sourcing is effective in navigating Amazon’s product landscape for profitable purchases.
• It's advisable to remain patient and methodical, exploring multiple sellers and their offerings.
• For more insights on reverse sourcing and Amazon FBA, refer to community links provided.