We all know the old saying, “Don’t put all your eggs in one basket.” If you drop the basket, the basket spills, or Amazon suspends your basket (wait, what?) you risk losing all of your eggs. Spread those eggs out in a few different baskets, and you protect yourself from a number of unforeseen circumstances. One of the
Amazon’s Inventory Liquidation Program – How to Get Paid for Removing Inventory From Amazon
There are multiple situations where it’s in your best interest to remove some of your items from your Amazon FBA inventory. Here are just a few: To remove dead inventory that seems like it will never sell To avoid long term storage fees Because the item has become restricted and you can no longer sell it
The 2 Best Retail Arbitrage Sourcing Strategies
Retail arbitrage can be very profitable. The feeling of anticipation when you walk into a retail store is extremely motivating. I always advise other resellers to grab a shopping cart when they first enter a store because they need to be mentally ready for a big haul. Now, the big haul doesn’t always happen, but
How to Use Inventory Lab to Track Supplier Profitability
Let’s talk profitability, shall we? You’ve likely heard us mention that we use the Inventory Lab software package to streamline our process of listing inventory on Amazon FBA and for sourcing inventory through the Scoutify app. Today we want to share with you another feature of Inventory Lab that we’ve come to depend on: the
If I Had To Start My Amazon FBA Business Over Again With Only $500
* Updated for 2020 Who doesn’t love a do-over? Hindsight is 20/20, and I’m sure all of us can think of ways we would improve our Amazon FBA businesses if we could start over from scratch. I know I can think of plenty of things I wish I had known back in 2011 when I
Overcoming Your Fear of Handling Sales Tax
Today we have a guest post from Mark Faggiano. Mark is the founder and CEO of TaxJar. We hope you find the information as helpful as we have. I get it. Sales tax can be confusing and intimidating. The rates change from location to location. The laws change from state to state. And don’t get me started
Overcoming Your Fear of Leaving with an Empty Shopping Cart
We’re well into our second round of blog posts in our series on Overcoming Your Amazon FBA Fears. If you want to catch up on the previous posts, click here to read through them. Today we’re going to discuss a fear that can strike deep in the heart of anyone who spends time doing retail
Overcoming Your Fear of Buying High Ranked Items
I’m like any other Amazon FBA seller out there – if I could source and sell only low ranking, fast turning items at 100% ROI (return on investment) or higher, I would choose to do that every day, all day. That’s what we all want to do, right? Maximize our ROI and maximize the speed
Overcoming Your Fear of Selling via FBA versus Merchant Fulfilled or eBay
The “Overcoming Your Amazon FBA Fears” Series is back on the blog! You may remember that last fall we did a 10-part series on our Amazon fears and how we can combat the myths and fears with the TRUTH. If you haven’t read those posts, you might want to take this opportunity to check them
The Best (and Easiest) Way to Remove Price Stickers From Your Inventory
When it comes to retail arbitrage, removing the price tags (or any other stickers) from your products is the most annoying thing you have to do before you can sell them on Amazon. Sure, you could use your fingernail to try and slowly peel the sticker off the box, but that takes a lot of
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