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Wholesale expert reveals his Amazon success

Ed note: We all start as just 'sellers of stuff'. Some online sellers take it much farther with, say, wholesale sourcing. It's up to me to find those stories and bring them to you. (Plus, you asked for exactly this in my recent survey). Below is a very helpful guest post from a (modest, 100% legit) multi-million-dollar seller Dan Meadors (l). This is chock full of great advice and a lot more is to come. Enjoy!

P.S. Learn from Dan free in a live 'Learn Wholesale' webinar Thursday 7/21/16. Click for info


Life of a Multi-Million Dollar Amazon Seller

By: Dan Meadors

wholesale formula review

A little bit about us and how we got started selling on Amazon

In late 2011 we were both working full-time jobs for an online retail company that specialized in selling collectible card games. One day, the CFO of the company quit. It surprised us because he was making a six-figure salary at the time, so we asked him why he was leaving. He told us that he was making more money selling stuff on Amazon and he was just going to focus all his time on that.

We were shocked that this was even possible and to be honest, rather skeptical. We probed him about it [click to continue…]

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See my 2016 used book profits (from hardly working)

sell books fbaIt's 2016 and I have a news flash: the used book business for Amazon sellers is still very profitable and inventory is plentiful.

How do I know? I keep casually sourcing used books and media (CDs, DVDs) and make a killer profit margin. I spend just 3 to 5 hours a month (total) in local thrift stores and on used book sites like AbeBooks.  Just some of my results are:

That's a net profit, after the cost of inventory and Amazon fees, of [click to continue…]

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Amazon seller training (& more) is free for 30 days

amazing.com reviewMany of you remember the colorful history I've had in the past with Amazing.com.

Well, they've completely reinvented themselves and I have to tell you about it (for, at the least, their Amazon sourcing training.)

This has nothing to do with me earning an affiliate fee (the amount is really negligible). This is about the value to you.

I got Amazing.com's free trial subscription myself. My receipt is here. There were no upsells when I joined.  [click to continue…]

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2800 sellers love my free online arbitrage software

"Wow. I just sold an item on Amazon for $150. [Another software] told me the next "lowest" price was $160. Using Cleer Pro, I found the item on Newegg for less than $50!" - Holly Helder

online arbitrage software reviews

Can I brag a little bit?

It's awesome to hear how my various books, podcasts and resources have helped Amazon and eBay sellers like you.

But it's even better when I can offer you something for free. (Over 2800 of you have taken me up on it).

My Cleer Pro software (for online sourcing) is 1+ years old this month. It's been helping sellers like you every day since. And it keep accumulating rave reviews (click on the image to the right to view 1/2 of them). And yes, it's 100% free (no catch.)

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The untapped profits in used toys (with proof)

sell used toys on amazon

Ed. note: This type of product sourcing can be very profitable, so don't dismiss it until you try it! 

U.S. consumers are living in a "throwaway" economy. This means that we buy lots of 'stuff', use it for a little while, and then replace it with other 'stuff'.

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Find products with no or low competition (Amazon)

low competition products on Amazon

"There's too much competition on Amazon." (I'm hearing from you folks daily about this.)

So I have help for you from a trusted expert.

See, if you know where to look, Amazon will tell you EXACTLY what high margin, zero competition, easily located products you should sell on their site for huge margins.

How is this happening? My short video explains it, but here's the reason: [click to continue…]

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Amazon expert Robyn JohnsonThis is a guest post from a trusted Amazon expert Robyn Johnson. You don't need to buy anything to learn from this post. But all her (very) affordable and free trainings are top-notch (her prices should be higher). Below, Robyn instructs us how to properly read Amazon seller reports. If you're just sending inventory in and hoping it sells (and ignoring the data that Amazon provides), well your profits are probably lower than you think they are. Use these tips to ensure you're tracking your real profit and performance (regardless of what you're selling.)

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Secrets to overcoming a downturn in your business

advice for discouraged amazon ebay sellersExclusive:  In my recent survey, some of you were feeling discouraged with 1.) your Amazon/eBay sales and/or 2.) increased competition (Ed. note: the latter is sometimes just a perception).

So I reached out to the best (=most trusted) experts I know in: retail arbitrage, eBay sales, used book selling, and more. I asked them:

"What help can you give the discouraged seller?"

[click to continue…]

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amazon expertsExclusive:  In my recent survey, many of you online sellers asked me for  private label or wholesale sourcing advice. So I reached out to the  best (=most honest) experts I know and asked "What's your best advice for someone just starting out?"

So here you go. Many of the experts have links below for free (or inexpensive) help, I highly suggest you pick one and take action.

(Private Label means sourcing mass produced goods and labeling them with your own 'brand'. Wholesale means sourcing mass produced goods that are already branded by the manufacturer).

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How to import from ChinaMany online sellers freak out if they have one competitor selling the same item.

Well, how about if you have thirty - count 'em, 30!

Trusted importing and Amazon expert Manuel Becvar aimed to find out. Using his own money. And he's almost sold out of his inventory!

Becvar is author of the recommended Import Bible (free) and head of the Import Dojo training program I endorse.

Manuel's killer process is detailed here. In summary, here's what I learned: [click to continue…]

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  • How to compete with 30 other sellers (and still crush it)

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