Finding profitable items for Amazon FBA really isn’t that difficult, but it does take time and there is a learning curve. Many newbies to the Amazon FBA program get discouraged when they go out sourcing a few times, spend hours and come home with little to nothing that brings a profit. I remember being that newbie.
Here is the thing though. The more you do it the better you will get and the broader your finds will become. The best way to explain this is to share with you how it’s happening for me.
The first couple of times I went out sourcing for my Amazon inventory, I found a couple of items. No great profit. Second time, I found a couple more. Now six months later, I can walk into any Walmart, Target, Ollies, where ever and fill up my cart with great profitable items in about an hour. How did this happen? How did I go from discouraged to some great finds? Let me just outline how my first few trips have progressed below. That is the best way I can explain how this process works of finding profitable items for Amazon.
1. One of my first sourcing trips was to the discount store here called Ollies. I found a few items by the toy people, Orb Factory. Great profit margins on some of these items. I also found a few items made by Super Pets, again great margins. I also found some dog biscuits that were worth my time. Time spent, 3 hours.
2. My second trip out sourcing I went to target. I found this craft thing for kids called Beados. I bought 8 of them and made a nice profit fast! Time spent again, 2 hours and lots of scanning.
3. Third trip I go to Walmart. I find two more profitable items. These cake mix refills for one of the easy bake type ovens. I also see more of the beado things so pick them up as well. Time spent about an hour and a half.
4. Fourth trip I go to a different Walmart. Cake mixes for little oven, more beados and I scan a few more times and find these little mini dolls with a big profit and these refills for little girls sewing machine projects. Do you see how I am increasing my inventory every time I go out. Time spent, less than an hour.
5. Fifth trip out, I go back to target. I see the beedos again, the cake mixes, the refills for the sewing machine projects, the little mini dolls and a few more new finds. I just keep rinsing and repeating.
So when I go out sourcing now, it doesn’t take near as long. I pick up all the items that I have had success with already and my goal each time I go is to find at least one more. By doing this, you can see that just the Walmarts and Targets alone can keep me well stocked with profitable inventory for selling with Amazon FBA. Imagine what my arsenal will look like a year from now. That is exciting. The fact that there are numerous Walmarts in my city is even better and I don’t live in the biggest of cities.
Moral of this is it takes time to get your business plan with Amazon up and going. You see you have to stick with it. If you start a new job and it baffles your mind you don’t just quit, you keep trying. A year down the road you have it mastered.
If you want to know how it’s done and more tricks of the trade or just how to get started selling with Amazon FBA, you can check out Amazing Sales Ninja.