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Resell Black Friday sourcing flip

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Flip Black Friday items

It's that time of year again, where online sellers grab great deals to flip during the holiday season. Black Friday falls on Friday, November 23, 2018, the day after Thanksgiving, as always. Although it's traditionally the biggest shopping day of the year, retailers have stretched out Black Friday to really encompass at least a week or more.

Check out the following strategies to help you prepare for Black Friday online sourcing (and in stores), stretch your sourcing dollars, and grab the right produxcts to flip.

1.) Make your list, check it twice. Sit down and think about everything you'd like to purchase on Black Friday. Compare the Black Friday store item to the equivalent item on Amazon and/or eBay (whichever marketplace you're selling on). Have your shopping list handy when those Black Friday teasers start filling up your e-mail box. Then you'll ready to take advantage of the best deals at the best prices. Don't have the local circulars yet? Use this free app to view your local fliers on your computer or mobile device: snip.ly/bhk2v. Also, bfads.net will have the actual Black Friday ads as they are "leaked" out.

2.) Then check your bank account. Before the big day, it's a good idea to put together a budget. It's easy to get swept away by all the great deals, until you get your credit card bill in January. Set your sourcing expenditures limits first, and then enjoy your shopping. I'm a big fan of 'invest with only what you receive.' Meaning most of the time, I don't use credit or loans to by inventory. I only use the profits I receive from my eBay Amazon sales.

3.) Keep sourcing a top priority. To find the best deals, you have to stay on top of the advertisements and marketing propaganda. Many times, deals last for several hours or one day. Now, stores are releasing or "leaking" some Black Friday deals several days in advance! Be sure you check out those items on your list regularly and often between now and Christmas to snag them whenever there is an opportunity.

4.) Get cash back from your purchases.  For online sourcing, I use TopCashBack to earn cash back on my buying (it adds up!) Also, some credit cards will track your purchases for free, and automatically credit you the difference if/when the price drops (Check your credit card company's policies or this article for more.) For cash back in stores, I use the popular iBotta app (Android/iPhone)

5.) Get cash automatically when prices drop on your purchases. Earny (Free) can track your online purchases and automatically contact the retailer if there's a price drop, and ask them to credit you the price difference Example: Earny automatically refunded me $3.40 for Walmart bubble wrap, when its price dropped to below what I paid for it:cash back from earny

5.) Watch those buyers reviews. Both Amazon and eBay offers display buyer ratings for many of their products, and it's worth the time to read up on those before you buy. The last thing you want is grabbing qty: 25 toasters and realizing that customers loathe the product. By reselling that item, you'll be bound to get poor seller ratings and returns. By relying on the posted experiences of others (e.g., Amazon's 'star reviews' for products), you can avoid that trap.

6.) Watch that sales history. If you're an Amazon seller, find the item(s) you're sourcing on CamelCamelCamel.com and/or Keepa.com to see what their selling history was recently (and/or last holiday). If you're an eBay seller, check the 'completed' listings to see if the same item is selling well. Also remember whether you sell on eBay or Amazon, note that generally speaking, many items' selling prices can increase from 50-to-200% during the Holiday season (versus the rest of the year).

7.) Restricted from selling in various categories or brands? This is common among newer sellers, but thankfully there are some free ungating techniques from my trusted partners MySilentTeam here (you may be prompted to first join their free Facebook group before you can view their ungating instructional video); and The Selling Family here and here)

Easy tip: For a quick way to see if you're restricted from selling a specific product (in stores or online), see "2.) What you should do from now on - Part II:" on my blog article page.

8.) Join the clubs.  Most retailers offer some sort of frequent shopper program that gives them critical marketing information and gives you additional savings. For instance, last Black Friday  Kohl's offered $15 in Kohl's Cash for every $50 spent, on Black Friday! (No signup is required to earn Kohl's Cash, they'll give it to you at checkout in the stores, or via email for your online Khols.com purchases). The Target App (formerly 'Cartwheel') gives you discounts in-store.

For other retailers (like Macy's, REI, Nordstrom's, Macy's, etc.) sign up for their rewards program, and don't forget to redeem your points or discounts if you're already a member. More info on the best rewards programs is here.

9.) Dress comfy. Even if you love shopping, Black Friday in-store shopping can be stressful, and in some cases, brutal. Prepare for your own comfort by being prepared for warm stores or cold parking lots (dress in layers!). Wear comfortable shoes, charge up your mobile phone and test your price scanning apps, bring coupons or ad information, and don't forget your list and budget.

10.) Eat a big meal before you go in the stores. This one is critcial for me. If you go in on an empty stomach, you'll be cranky and hungry and (thus) distracted. If you can't eat, tuck a bottled water and some granola bars in your coat/handbag.

11.) Get help. Bring a friend or family member, or (better yet), assign them to store(s) to buy your stuff for you, and meet up later. (You'll get 2x-3x more done in less time, verus hopping from store to store yourself).

12.) Prepare a strategy. Figure out when sales begin online, when stores open on Black Friday, and what time special deals end. Then map out your day and prioritize your shopping based on the items you are looking for, where they are most likely to be found, and which retailers you are most likely to frequent. A little planning will make you much more
efficient and less stressed. Some retailers provide 'aisle maps' to the inside of your local store, so you can find stuff faster. Example: Use the free Target and Walmart mobile apps to find the physical location of an item in the store.

13.) Finally, have fun. Getting great deals on things you want to resell is one thing, but remember to stock up on give gifts to bring loved ones (or a charity) a little extra joy this holiday season.

Good luck. I'll see you in the aisles!

-Jordan

P.S.  Speed up your Black Friday sourcing. Grab the only trusted guide to in-store and online deals, published by me:

 

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Boost Amazon Christmas Sales with My 11 Tips

amazon seller tips christmas

Even if you are not enrolled in one of my recommended Q4 product sourcing groups, I put together some tips to help you make maximum sales/profits with your Amazon business this Xmas:

1. If this is your first Q4 experience, you may have noticed that your sales haven't yet started to soar. That isn't unusual. While most of the corporate world divides the year into quarters starting in October, Amazon sellers consider Nov., Dec. and Jan. the "true" Q4. In other words, don't be alarmed if your sales figures are still modest because the real rush has not yet begun.

2. Get approved to sell major brand names. Amazon sellers are finding themselves restricted from seling brands. Thankfully there is some free help from my trusted partners:

  • "Smashing Through the Toy Brand Barriers" My trusted partners at MySilentTeam are doing free webinar to show you how to get approval for many of the restricted brands. Live Oct. 26 Friday 4:15P Eastern/1:15P Pacific (Replay will be available soon after if you miss it at the same link): http://bit.ly/BrandApproval
  • The Selling Family's recommendations here and here to see if you can get ungated in various categories/brands.

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9 eBay Seller Tips – Christmas & Q4

eBay christmas selling tips

It is that time of year again ... the weather turns cooler, children go back to school and people begin to prepare for the holidays. It is also time for all you as an online seller to take a look at your inventory and get ready to capitalize on the annual shopping spree.

Just like any business, you have to not only have products that are demanded by consumers, but you have to be able to [click to continue…]

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Christmas Hot Lists suck (It’s not what you think).

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 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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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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Beware Fake Wholesale

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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Source your products for Christmas now

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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  • Source your products for Christmas now

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