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Hot Toy LIsts Christmas 2018

You know those 'Hot Lists' that the stores like Walmart and blog sites release every year? Those don't work. Many are made up by the stores themselves, hoping that enough hype generates sales of their hand-picked 'winners'.

Some background: Every year I see hundreds of buyers using those lists to source stuff they hope to resell for 3x more on Amazon or eBay. And (in most cases) those sellers lose a LOT of money.

Where does that leave you?

The 'trick' is to know what's trending from actual customer demand (=sales) in toys and other product categories like kitchen, tools, and more. Those store lists don't tell you that. See, the more demand a product has (or if demand is outstripping supply), the higher it can be sold on Amazon or eBay.

So I gathered some of my trusted partners who have all this figured out. They're ready to tell you exactly what to source in stores and online, and flip online. That way, you can ensure you're picking the most profitable products to sell. Remember, I only work with the bwho offest: experts er the best selling ideas, product and sourcing info, and support to help you, bar none.

Keep reading if you want their help.

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The 3 Major Advantages to Sourcing Wholesale (Guest Post)

compare wholeasale to private label and retail arbitrage

Ed. note: Below is a 'plain english' overview of how sourcing wholesale is different than other sourcing methods, courtesy of Vendrive. Vendrive provides inexpensive CRM (Customer Relationship Management) software. That's a fancy way name for software that helps wholesale-sourcing Amazon sellers stay organized and make the right product decisions. You probably don't need a CRM if you just dabble in wholesale. But if you are sourcing multiple SKUs from a few different manufacturers, a CRM Solution can help in spades. No Vendrive links in this article are affiliate links, and I am not compensated at all if you sign up for their service here. Vendrive did not pay a fee for posting the below article.


Guest post by Dillon Carter of Vendrive:

 

Selling on Amazon can mean so many different things, from writing books for Kindle Publishing to building massive brands using private label. It can seem a bit daunting when you're first introduced to selling on Amazon given all of these options but I’d like to help you make that decision much easier.

Most of us take a very similar path - we hear about selling on Amazon either online or on some podcast and quickly jump into a course to learn how to get started. The easiest path is the retail arbitrage or online arbitrage model, but after a grueling time trying to scale this model, we begin looking at either wholesale or private label.

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The above pic is Dan & Eric from The Wholesale Formula. They sell $11M+ annually on Amazon

Dan & Eric from The Wholesale Formula  sell $11,00,000M+ annually on Amazon. Those profit #'s (above) are just for ONE pallet for ONE month.

For my Amazon business, I source products 3 ways (well, more than 3, but the major methods are):

  • Retail/online arbitrage
  • Private Label
  • Wholesale
Can you guess which two have been the more problematic these days?

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compare proven amazon course wholesale formula
A handful of folks are emailing me with: "Jordan, what's the difference between The Wholesale Formula and Jim Cockrum's Proven Wholesale Sourcing?"

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All the info you need about The Wholesale Formula

Best Wholesale course for Amazon sellers

The Wholesale Formula ("TWF") is a proven blueprint/system for sourcing and selling wholesale products profitably on Amazon. Its founders Dan Meadors and Eric Lambert have sold over $20M in wholesale products on Amazon. Enrollment is now closed. It is rumored to re-open in January 2019

You're probably here because you're asking "is The Wholesale Formula legitimate, and does it work?"

The short answer is "yes" and "yes". But perhaps you need more info. So I wrote this post for you. (Full disclosure: I'm an affiliate partner of TWF, so I may be compensated if you purchase it). [click to continue…]

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What’s ‘Fake’ Wholesale Sourcing?

Buying wholesale

There's a big problem for eBay and Amazon sellers who want to buy wholesale. Typically, they'll go to google.com and type in “buy wholesale”, and they'll end up buying from one of the dozens of companies they see in the results (an example follows)

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Start sourcing your Q4 inventory now (Free ideas)

Source products for Q4

                                        (She waited till October to source products for Q4. Don't do the same!)

Right now (Summer '18) is the time for you to start sourcing for products to resell Christmas/Q4 shopping season. This is whether you sell on Amazon or eBay (or anywhere else).

See, I get an influx of emails in October from sellers panicking because they waited too long.

By then, it's too late for most sellers to source products for the Holiday.  So I have some free help [click to continue…]

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I had to sell my shorts

selling used clothes on eBayOver the years, I've heard a lot of funny things from online sellers just starting out.

"I can't find anything to sell."

"eBay sucks."

"I don't have enough money to get started with selling online."

"Selling stuff takes too much time."

See, I don't 'have' to sell on eBay anymore. My income from everything else, [click to continue…]

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When Amazon “Coaching” Goes Horribly Wrong

Depositphotos_80666370_l-2015

Last Christmas, I told my readers that a company called FBA Stores* was being sued by both Amazon and The State of Washington for, among other alleged crimes, charging people up to $35,000 for bogus coaching on how to sell products on Amazon. Here's a copy of the Washington State civil suit, and the whopper from Amazon too.

When you thought it couldn't get any worse for FBA Stores, last month the Federal Trade Commission (FTC) charged them for running the alleged scam. (See the court documents here.) Their "F" grade from the Better Business Bureau (which also references the governments' actions against them) is equally scathing.

I had at least 3 readers contact me and say "Yeah, I paid them $30,000+ and got nothing, too." [click to continue…]

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Why Dropshipping sucks (and the mistakes I made)

Dropshipping amazon ebay

I get these inquiries all the time:

"Hi Jordan, I want to start dropshipping - you know, find an Amazon item online, post it on eBay at a higher price, then when its sold, I want to buy it from Amazon and ship it to the eBay buyer."

I'll cut to the chase: That business model is a crappy one. It's high risk, with typically razor-thin (or negative) profit margins, and eBay and Amazon will penalize or ban your seller account if you get caught (it's happened).

The reality is many sellers are doing that type of dropshipping (if you even want to call it that) anyway, because it's "easy." And in this business, when something is that easy, it's destined for failure.

There are other forms of dropshipping. But even those are generally high risk. [click to continue…]

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  • Why Dropshipping sucks (and the mistakes I made)

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