hello James Greaney here from Internetbizuni.com and in this video I'm
going to show you how you can quickly make twenty pounds in five minutes
just flipping products on Amazon. This isn't something that I usually do
anymore I used to do quite a bit when I was working at this on the side while I would
be at work I'd be just flicking through my phone seeing if there was any
products that I recognized purchase these products and flip them for a
profit. now that I run my business full time I
spend the time just working on my business but this is just a purchase
that I recently made so I said I'd shoot this video and let you know about it and
if you just go to Amazon.co.UK, again you can do this on any of the Amazon
platforms and I'm just going to type in the product that I purchased the last
day so it's a blue Yeti microphone probably aware of it
as you can see here it's a hundred and nineteen pounds at the moment and let's
just click in and see it now so it's just a microphone you know a fairly
basic product and as you can see up here I purchased this item on the 20th of
October which was only a few days ago but you will see the prices here just to
see that it is the lowest price available is a hundred and nineteen and
as you can see another third-party seller is selling it here for one
hundred nine-teen with free delivery I'm just going to jump back and show you the
price that I paid for it when I purchased this item so if you this order
and as you can see $79.99 on the 20th of October which was only a couple of days
ago so now you're probably wondering how do you make money with it you purchase
it for $79.99 and it's now selling for a hundred and nineteen ninety seven well
you can easily send sell it back on Amazon so I'm just going to click over
and show you what fees you're going to have when you send it in so go to Google
and just type in FBA calculator and here it will come up just click on
this one and then it's in Amazon Seller Central you can see just check that it's
selected up here for the UK then you just have to grab the ASIN from the
product so I'm going to have to jump back here to the product listing and
scroll down to the middle and just grab the asin then jump back over to your
calculator and pace in the asin here this will bring it up then
you put in the item price so what you're gonna sell it for will just say the
lowest because it's a hundred 119.97 now although you could get more because you
could just wait for them to run out of stuff I'll explain that again in just a
moment then here you just want to put in the cost what it's gonna cost to deliver
it to Amazon and again you're going to be getting UPS is special rate because
you are delivering it to Amazon so what you would do is you purchase around four
of these together and to send in the four of them will be around four pound
so it's going to be around one pound each just to send them in you get UPS is
ridiculously low rates I've sent in items for as little as twenty P per item
in the past because you just put them all in one box and they give you a price
based on the box's weight and size and it's really low cost but anyway then you
just put in your cost of your product here so for this one seventy nine ninety
nine and you click calculate so as you can see here net profit is 21.97
and that's after all your fees everything and that's a net margin of
18.3% so how again you can save even more
costs if you want to fulfill the item yourself so what you do you just put in
your prices here if you want to fulfill it yourself but there's again there's no
point doing that because you're going to have to put in all the work wait for a
customer Tobias when the customer buys it you're going to have to send it out
to that customer direct whereas with FBA he'll just push whatever items you're
sending into their warehouse in one box send it into their warehouse when the
item sells Amazon ships it to the customer any customer service anything
like that anna de amazon deals with on your behalf
so they take away all the work from it basically outta putting in this border
and what you to spend preparing the box so if you purchased four of these you
would literally put the four of them in the box print off a label put that label
on the outside of the box UPS come around to your house click the box and
it goes into FBA it's you know max five minutes work and you'll be making twenty
one pounds profit per item that you sell now the key with this is if you're
looking to make money with this so let's say if you
want to stay at your own brand that's what I would recommend do you stay your
own private label brand so basically you can get this type of microphone made in
China if you want with your own brand honors have your own listing and you'll
make money every time it sells but if you want to just start like this
flipping products to make some money the key is to find good products to do with
so there are a range of products that are always fluctuating in prices you'll
notice this blue yeti mic is one of them it's always going up and down in prices
and knowing these products that are really good sellers is the key so I'll
jump back and show you just how good of a seller this product is so down here
you'll be able to see this is the best sellers rank for the product so it's a
hundred and ninety three in musical and instrumental and it was like 23 the last
day when I purchased it so I'm just going to jump over here and type in
jungle scout
estimator and just show you how many of these are actually selling how
quickly it's going to sell you know once you send it in it will sell within
within a day or so but I'm just gonna show you that here you can easily check
how many items how many units an item sells per month so this is on the US you
go over here and click on the UK then you go to the cash grace or its musical
and instrumental whatever that is so
this one then you type in 193 because that's the best sellers rank and they
SPO tell you this item is selling 275 units per month so you know it's gonna
sell with any day within two days and that's the key to finding items that
sell very quickly and that fluctuate in price and this one is definitely that so
on this item at the moment there's only 13 left at this price and again you can
just check how many the other seller has or click in here again and you could
just add this one to care it cuz this is the other seller at 119 and then after
this guy sells out and Amazon sells out so Amazon of only 13
we'll just check what this seller has then the price goes up to 167 so you can
make a lot more on this product if you want to hold out but I'm just going to
click see how many units this guy has in stuffed in a basket and then you go in
here you click 10 plus and you click 999 and then click update and this guy
has a 147 ok so this guy isn't going to sell out too quickly but as you see it
is selling 275 units per month so if Amazon sells out and don't get back in
stock within two weeks then this seller is also going to sell out at this price
what this seller will probably start doing when their items are selling
really fast is put up the price so you you will be able to get a lot more for
this item but I'll just click into it here again you'll be able to get a lot
more for this item at once once Amazon runs out stuff and definitely if this
seller runs our stuff and the good thing is there is so many of these types of
products on Amazon when I used to be doing this business on the side used to
just be checking on my phone a few times a day a few different products and there
always be one or two products that you could easily flip make you know 10 15 20
pounds profit and it's only a few minutes work in it so definitely
something that you should keep in mind if you're just getting started just want
to start flipping products online to make some money on the side this is
definitely a way that you can do it but it's not a long-term business model it's
only arbitrage on prices if you are interested in having your own brand so
that you've your own brand of products that you're selling you keep all the
profit that you made so you working out how much it's gonna cost you get the
product made in China and then you get the product sent from China into Amazon fba's
warehouse when it sells out that it goes out to your customer and you keep all
the profit then you can check out my course in the link in the description
that's the unique private label course that's where I teach how to start your
own brand and do everything that you need to do what type of research and all
that so you can check that out it's currently closed at the moment but put
in your name as I will be opening that again soon and I will notify you when I
do open up but I hope that you like this video and if you do please give it a
thumbs up and subscribe. Cool I will speak to you soon, bye.
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