Update (What I’m Doing While Out of Stock)

Hey Hey!!

Please note, my income is about hmmm 100 bucks after 6 or 8 refunds from sales during holidays. Keep in mind I’m out of stock so this kinda trickled in. 

So it’s been a few days since I’ve posted, but wanted to update you on my journey. I will be out of stock for another 10 days or so, but don’t think for a minute I’ve been twiddling my thumbs. Here’s what I’ve been up to:

Sunday Jan 11, I purchased a course to help me take my Amazon selling international. So far, so good. Great course, a little under $1K, and I’m learning a lot (plus getting A+ support).

Monday-Wednesday Jan 12-14, I research like a mad person! I find several products with a BSR under 20K with competition under 100 search results (mind you that actually means less than 100 because some of the search results are non-relevant or just plain junk).

Friday Jan 16, I settle on 4 products…1 I may dismiss, seems like I can’t find a good supplier for it, but maybe I shouldn’t give up so soon. Luckily I find a few good suppliers for the other items (a few have traded over $100K, been on Alibaba for 5+ years, one 9 years).

One supplier may be able to supply me with 2 of the 4 products which would be awesome. I am planning to ship over the 2 items in order for them to better understand my needs (I’ll try and remember to update on how it works out).

Saturday Jan 17, I order a sample for one of my products, supper excited because this product will cost me under $1 and I can package it in 3 and resale for ~$19.97. Loving the ROI on that one!

Another plus is one of the items is in the same niche so I can use the same brand…this is exciting for me because I am not all that good at coming up with brand names.

So yep, I’ve been a busy bee and I can’t wait to share with you updates about samples, rolling out a new product, and sales. Stay tuned!

Comments

comments

9 thoughts on “Update (What I’m Doing While Out of Stock)

  1. Would you look for the product in the main category or the sub->sub-> to identify the potential like this?
    $1 and I can package it in 3 and resale for ~$19.97.

  2. I look for sub, but that’s my preference. Buying for $1 or $3 and reselling for $19.97 is similar to the numbers I have now and after shipping, amazon fees, etc, it’s a nice margin!

  3. great points altogether, you simply gained a new reader. What might you suggest in regards to your put up that you simply made some days ago? Any positive?

  4. I’m sorry which post are you referring to? If you can tell me, I’ll do my best to answer accordingly 🙂

  5. Can you explain how you are combining three of an item? Do you physically have to combine those before sending to Amazon? If so, is your manufacturer doing that, or do you do it? Thanks in advance!

  6. Since my first orders will be small, I’ll do it manually, but after, I’ll send to a 3rd party to inspect and repackage goods for me, then ship to Amazon’s warehouse.

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