21 | NJ | E-Commerce | 100k+ in revenue | Documenting the journey
Joined April 2024
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Last couple of days numbers.
Been trying so hard to hit these numbers daily.
Buying inventory has been a struggle especially with OA order cancels
What profit software is good for Walmart WFS? I know Sellerboard has an option for it but I’m not sure if it’s accurate
I got my first 2 sales on Walmart. I’m still learning this platform as I go and one thing I noticed is the low fees and good seller support. Definitely good margins to be made
Edwin Garcia retweeted
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
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Edwin Garcia retweeted
it’s 2024 and they still being mean to lil kids in cod lobbies 😭 nitter.gq/jimmylubetron/status/1…
October results
- Not my best month , was expecting to hit $30k in sales
- A lot of unexpected returns which brought down margin
- Couple products lowered in price
November is going good so far for sales
September results
- Same revenue as last month but way better profit margin
- Less returns
- Back to school
Purchasing all inventory this week to get ready for the rest of the month @YaredGebers @BuyBoxBandit
Does anyone know why my late shipment rate goes up even though i haven’t had an FBM order since September 3rd? It was at 13% last week @amznsellerhelp
