Lecture Notes: Amazon Selling Journey and Retail Arbitrage

Introduction

• Speaker: Jasmine aka Jazz Hustles
• Started selling on Amazon in January 2023
• Documenting journey and helping new sellers

Today's Video Overview

• Objective: Resell items from TJ Maxx on Amazon within one hour
• Additional Resource: Released an Amazon ebook
  • Contains 10 chapters, 34 pages
  • Covers basics of selling on Amazon
  • Available through a link in the description
• Content Sharing:
  • Continues posting content on TikTok, Instagram, and YouTube

Retail Arbitrage at TJ Maxx

• Timing: Started at 6:20 PM
• Tools Used: Seller app
• Focus Areas:
  • Beauty and personal care section preferred for profitable items
  • Availability of brand name items e.g., Nike, Adidas

Profitable Finds at TJ Maxx

• Soaps: Found products with good return on investment (ROI)
  • Example 1: $5.85 profit on $6.99 cost (83% ROI)
  • Example 2: $7.51 profit on found two units
• Body Butter: $2.51 profit
• Considerations:
  • Avoid sharing ASIN due to competition tanking prices
  • Importance of price setting to avoid Amazon competition

Challenges and Learnings

• Product Evaluation:
  • Importance of checking Best Seller Rank (BSR)
  • Avoid competing with Amazon listings
  • Use of Keepa chart for sales analysis
• Stock Evaluation:
  • Example: Philosophy apple cider soap not advisable due to Amazon’s dominance and high stock

Importance of Product Analysis

• Scanning Method: Use manufacturer barcode, not store barcode
• Sales Metrics:
  • Monthly sales, seller competition, and listing variations
• Ungating: Important to sell various brands

Additional Insights

• Retail vs. Online Arbitrage: Preference for online due to time efficiency
• Future Plans:
  • Explore Nike outlet for potential sourcing due to ungating
• Product Selection:
  • Avoid oversized items due to higher shipping costs

Conclusion

• Time Spent: Session ends at 7:02 PM
• Financial Outcome: Spent $82.88, potential profit $62.93
• Future Goals: Aim for higher profits with dedicated sourcing

Call to Action

• Follow Jasmine on social media for tips and updates
• Consider purchasing her ebook for comprehensive guidance
• Engage with content by liking and subscribing
  • New videos every Friday

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• Note: Ensure ungating for selling diverse brand products and leverage festive seasons for higher sales potential. Connect via comments for further inquiries or guidance.