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Saykho 📦
@7FigSaykho
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I hated bagging fries. Now I sell millions online
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Joined June 2021
Let's break down the math behind a $120k/m Amazon Online Arbitrage operation: (Thread) Online Arbitrage (OA) means I buy inventory from online retail stores such as Walmart and Kohl's website to sell on Amazon Let's get straight into it Specific KPIs: Revenue: $120k/m Gross Profit: $18k - $24k/m Investment Cost: $60k - $70k/m These are rough estimates Gross profits are before expenses such as packing material, software, and employees But after expenses such as inventory, shipping, and Amazon fees It'll take around $60k - $70k invested into inventory monthly to sell $120k This means you need to buy minimum $70k of inventory every month to guarantee $120k revenue every month It takes 45 - 60 days to get your initial investment back (unless something goes wrong and lots can go wrong) In reality, you'd need $140k of available capital to hit these numbers $70k for month one Another $70k for month two Month one's capital including profit will be ready to reinvest in month 3 and so on I know spending $70k/m sounds insane Breaking it down into daily spend goals will make it easier $70k monthly = $17.5k weekly = $3.5k daily (Mon - Fri) 1. Find 10-$100 products 2. Buy 4 units each 3. 10x$100x4 = $4k invested And that's spend goal crushed for the day Now it's a question of how long it takes to find said products This depends on product category, suppliers, etc I'll save "How To Details" on that for a later release since this one is already getting too long If you'd like more high level Amazon content sign up for the free newsletter ➡️
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@Saimaxsheikh Sounds like imagination but this was the case for a select few. Had to be a crazy feeling to be one of the only ones left after a generational massacre
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I’ve never been keen on using software for shipments. Native seller central is my go to Most prep centers use Inventory Labs and they have way better report & search features than most softwares including seller central I used to be a major IL hater but they’ve grown on me over the years ngl I’d still put SellerBoard (especially at $15/m) above all as an everyday, beginner friendly seller dashboard calculating top level profits, expenses, etc
@7FigSaykho I jumped on the boxem train too early. IL was a solid software. Should have stuck with it. Got sold on it on the announcement. 🤦🏻
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@MattHemingway_ I kept telling people I’d only be out here for a year at the longest but that could change given the right circumstances
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Once you figure out that competition stops existing as soon as you factor in skill You’ll never worry about competition again
Honestly, I'm not even really too worried about the influx of new sellers coming to Walmart 90% of them are Nike sellers (good luck doing that on Walmart), or have no clue what they're doing and will quit in a week The 10% who figure it out? They will print.
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This is my last week in America The #1 question I've been getting from others is "How will you work from Africa?" The perks of an online business is that you can run it from anywhere in the world Location freedom >
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@honeydice_ I haven’t even begun entering in COGs yet but we’re for sure likely losing 15 - 30% on whatever we’re selling there
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