095: Tim Jensen Explains Amazon Retail Arbitrage
Today's\xa0Sponsor: Dropship CEO\xa0Amazon Selling Course\n(Feedback Patrol tool included)\n\nTim 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:\n\n\n\n"Amazon Retail Arbitrage" FREE Report\n\n\nPart 1: Big Picture (long term with Amazon)\n\n \tinvest in inventory\n \tscale: invest the profits that come back in\n \tinventory turnover: sell frequently (30-90 days after purchase, or dump what's not selling)\n \toutsource some tasks: receipts, taxes, payroll\n\nPart 2: Flexibility\n\n \tsell evergreen items\n \tUse CamelCamelCamel.com to see if Amazon is selling the item you want to sell (so you can avoid it)\n\nPart 3: Pay Attention to Detail\n\n \tmake sure your UPC code matches the listing\n \tfollow the rules, there is no flying under the radar\n \tsupply and demand: people pay higher prices for convenience\n\nTerms Tim Uses\n\n\n \tinventory: the items you're selling\n \tsupplies: tape, boxes, etc.\n \tsourcing: where your items are coming from\n \tUPC: barcode\n \tSKU: stock keeping unit\n \tFBA: Fulfilled By Amazon\n \tMF: Merchant Fulfilled\n \tprep: bubble wrap, packing, labeling, etc.\n \tRA: retail arbitrage\n \tOA: online arbitrage\n \twholesale: purchase items in bulk\n \tPL: private label (your own brand name)