Tag Archives: Black Friday

Online Arbitrage Tips for Black Friday

Not everybody wants to go out and bust the doors and brave the crowds on Black Friday or any of the other big shopping days of the season. Actually, you count me in that number – I am not a huge fan of the big Black Friday crowds and just don’t want to have to deal with them. But I also don’t want to miss out on the amazing opportunities to find great items for resale, and I’ve come up with a few ways to take advantage of Black Friday deals without leaving my house.

We all know Black Friday is the biggest shopping day of the year, and there is great money to be made buying up deals on Black Friday and flipping them on Amazon. What some people forget is that stores also have awesome sales the week before Black Friday and the week after. The stores want to keep the money flowing all throughout this Q4 season, and they are eager to have enticing sales over the course of a few weeks, not just on one particular day. When it comes to online arbitrage (OA), you can find amazing sales at dozens of online stores for weeks around the time of Black Friday – but you want to be sure and maximize your time and efforts at OA sourcing during this time period, as well as maximize your profits.

In the rest of this blog post I want to give you my top three tips for OA on and around Black Friday. Here we go!

1. Stay informed on all the Black Friday deals. 

This first point might seem obvious, but if you miss this one, you are missing out on a ton of potential profits. You have to stay informed about upcoming sales or spur-of-the-moment sales on all your favorite online stores.

I recommend using a dedicated email address to subscribe to the updates from any stores you like to frequent for OA shopping. Big stores, little stores, whoever you might find – if they have an email list, sign up. You want all of these stores to send you notifications of their sales – and you want them to send you coupon codes!

The reason I recommend using a dedicated email address is that signing up for all these store updates becomes annoying very quickly if you have 20 or more store emails landing in your inbox every day. If you use a different email than your normal address, you won’t feel overwhelmed with store spam.

Bonus tip: If you work with a virtual assistant (VA), you can have them check that dedicated email address for you and stay on top of which stores have sales or coupon codes. No need for you to even deal with all the extra email!

2. Increase your ROI by finding more discounts.

One of the best ways to get an edge on your competition is to increase your return on investment (ROI) by buying your product at a lower price. OA sourcing has some great methods built into the process for finding bigger discounts on the products you find to resell on Amazon.

The first way you can increase your ROI is by getting cash back on your online purchases with cash back sites like Ebates and Swagbucks. Both of these cash back sites have a Google Chrome extension and a pop-up at the top of the browser to let you know if an online store offers cash back by going through their link to do your shopping. I highly recommend signing up for both Ebates and Swagbucks and keeping their Chrome extensions active so you never miss out on an opportunity to earn cash back on your OA purchases. Both Ebates and Swagbucks offer increased cash back percentages on and around Black Friday and Cyber Monday, so make sure you do your due diligence and figure out which site offers the best deal before completing your OA purchases.

Another great way to increase discounts and increase your ROI is by searching for coupon codes every time you are ready to check out at an online store. We use the Google Chrome extension Honey to automatically check for coupon codes before completing an online order. You never want to check out at an online store without checking to see if you can save some money up front by using a coupon code on your order.

3. Consider upgrading your shipping.

Typically when I’m making OA purchases, I want to buy the minimum amount to get free shipping. The money saved on free shipping is money that can increase my ROI and help me buy more inventory. But when I’m shopping for Black Friday deals online, the time it takes to get my inventory shipped to me for prep and shipment to Amazon is crucial. Sometimes it can be worth it to pay $5 or $10 for expedited shipping on an OA order on Black Friday so that I can get my inventory in to the FBA warehouse faster. Always check to see if online stores are offering discounts on expedited shipping on Black Friday, and take advantage of those discounts when possible.

If you put these three tips (four if you count the bonus tip!) into practice this Black Friday, you will be well on your way to maximizing your profits and increasing your success in your Black Friday OA sourcing. Now we want to hear from you. Are you shopping online this Black Friday or are you going to brave the stores? Do you have any tips for OA sourcing on Black Friday or Cyber Monday? Please let us hear from you in the comments.

You may already know that Black Friday is an incredible opportunity for resellers to find amazing ROI on fast turning inventory, but many resellers don’t know where to start.

Many resellers end up skipping out on the Black Friday sales simply because they don’t know what to do. Other resellers assume that you have to spend all day fighting the crazy crowds and long lines in order to find the best inventory for selling online.

It doesn’t have to be that way at all.

I’m excited to tell you today that my friend Kristin Ostrander and I (Stephen) are launching the 2017 updated version of The Reseller’s Guide to Black Friday:  The Fool-proof Strategy to Rock Black Friday Sales Every Year. In this combination ebook and live master class, we will walk you through, step-by-step, multiple Black Friday strategies that you can implement in your own Amazon business model.

Here’s the cool thing: Kristin and I have completely different Black Friday strategies, yet we are both able to make a killing off of Black Friday sales. She likes to shop Black Friday sales in the stores, while I usually stay home on Black Friday… How can both of these strategies work? We can’t wait to tell you in the 2017 edition of The Reseller’s Guide to Black Friday.

The tips from the blog post are just the beginning of what we’ll share with you when it comes to big profits from Black Friday sales without having to brave the crowds!

Note: This book is only available for sale from now until Monday, November 20. After that day, the book and master class will not be available for sale. Right now really is the best time to make the most of your Black Friday shopping opportunity.

Top 4 Tips for Amazon FBA Sourcing in November

november-sourcing-tipsWow! I can’t believe it’s almost November. While the weather may be getting cooler, the opportunities to make big profits via Amazon FBA are getting hotter and hotter. You probably have noticed a slight increase in sales in October, and this month the numbers of sales will continue to rise. This is an exciting time.

To help you make the most of every opportunity for the rest of Q4, I’ve put together a list of my best tips for FBA sourcing in November. While most resellers are focusing on toys, toys, and more toys, I want to help broaden your thinking on other ways to make this Q4 profitable. In fact, only one of the four tips below mentions toys . That’s because I think that toys is the most obvious thing people are sourcing, and I wanted to give you other ideas of profitable items to source that others might be ignoring. Yes, toys are awesome to sell during Q4, but if you only look at toys, you are leaving a lot of other money making opportunities on the table

1. Halloween clearance. 

rbk-kids-halloween-costumes-super-mario-lgnHalloween clearance sales provide a great opportunity for profitable items. Halloween candy (especially candy corn) still sells well throughout the year. And certain children’s costumes are big sellers year round. Many kids love getting a costume of their favorite TV, movie, or video game character as a Christmas or birthday gift during the year… so if you happen to come across any Halloween costumes still on clearance, scan and buy those things up. If a store still has costumes on clearance, it’ll probably be up to 90% off by now. What awesome ROI! Note: If you are not approved to sell in clothing, then be sure that the costume is in the toy category. From my experience, about 75% of the costumes I’ve looked at are in the toy category, while the other 25% are in clothing.

2. Winter related items

doc-mcstuffin-fleece-blanketNovember is here, and so is the cold. In many places across the US, arctic fronts are hitting soon (or have already been) and this signals a huge increase in winter related products. If you see anything on clearance that is winter related, scan it as soon as possible. This especially includes themed winter merchandise such as blankets with children’s characters on them (Doc McStuffins Fleese Throw), Snuggies (with the local college logo all over it), and anything else winter related with a TV, movie, music, or sports theme.

The best thing about winter related items is that they will often still sell year-round. Even during the hot summer months in the US, it’s still cold somewhere in the world, and customers want to get their winter related items from Amazon. You want them to buy from you! I’ve sold Thomas the Train fleece throws and Hello Kitty Snuggies both in November and in July. So while the next 3 months are going to be the best time to sell winter themed items, you don’t have to worry if they don’t sell now… because it’s likely to sell (if priced competitively) sometime later.

ice-scrapperOf course, there are a million other winter related items that sell well while it’s freezing outside other than blankets, fleeces, and Snuggies. Put on your thinking cap and come up with other cold related items that people buy between November and February. Just brainstorming I can think of winter boots, vaporizers, ice scrappers, wool socks, lotions and skin moisturizers for dry skin, ice fishing supplies, car covers, snow blowers, ice skates, hot chocolate mixes, hand warmers, fireplace tools, bags of rock salt, cough and cold medicines, and space heaters… and that’s just off the top of my head. Keep your eyes open for these items (some regular price, but especially clearance priced) because they may sell very quickly.

3. Summer related items 

It might seem seem obvious to sell winter related items during the winter, but did you know that summer items sell well this time of year too? In fact, it’s more likely that you’ll find summer items that are clearanced up to 75% or even 90% off retail prices.

Even though it may be winter weather where you are, there are many places where it’s still warm. I’ll never forget when I was in middle school and went swimming on Christmas day in Houston, Texas. Sure, it was a rare winter season where the temps never got close to being cold, but I know there are plenty of states in the US (think of Florida, Arizona, and Hawaii too) that stay warmer than the rest of the US… and they still might be buying summer items right now. Also, some families take winter vacations to warm weather destinations, and need to buy summer related items. You want them to buy from you! And if you’re set up with FBA Global Export (you are by now, aren’t you?) then people all over the globe can buy your summer related items while it’s summer weather for them.

Again, put on your FBA thinking cap and think of all the spring and summer items that sell well. These include inflatable pool toys, sandals, grilling tools, grilling seasonings, swimsuits, air conditioners, box fans, camping gear, water balloon and squirt gun toys, sprinklers, plant seeds, lawn tools, lawn ornaments, car wax, beach towels, baseball gear, sunglasses, wedding related items (most weddings are in the summer), swimming pool supplies, and coolers are just a few ideas to get you thinking of summer items.

Sure, not all of your summer merchandise will sell during the winter months, but just think how awesome it is, that for only a few pennies a month, Amazon will store these items for you until they eventually sell. Come spring or summertime, these items will be back to flying off the shelves, and the ROI you get will make your wallet very happy. And if you’re worried about long term storage fees, since you’re sending summer related items in after August 15th, you won’t be charged any long term storage fees until August 15th of next year. You’ll have almost all of summer to sell these items.

Note: Don’t just assume all summer related items will sell during the winter. Do your due diligence and check the data from CamelCamelCamel and/or Keepa to see if you can expect sales.

4. Black Friday

Black-Friday-LineAnother big event in the life of a reseller in the month of November is Black Friday. This year, Black Friday falls on November 24th, but that doesn’t mean that all the best deals happen on that specific day. Retail and online stores still want to bring in customers and make profits on the days both before and after Black Friday. In fact, some pre and post Black Friday deals are the best deals all year.

Did you know that many of the Black Friday deals are honored online? That’s right, you can order from home many of the same deals that others are camping out overnight to get. Another way to take advantage of Black Friday deals is that Amazon often price-matches Black Friday ads. Do your due diligence to find out which ads they are matching, but for many items, it’s well worth the time to get Amazon to price match. That way, you could buy from the retailer (who will often limit your purchase to a small quantity) AND you could buy from Amazon (who will also limit your purchasing numbers). This way, you could get double what you would normally get if you only shopped from the retail store’s website.

book-and-masterclass-black-friday-2If you want to be properly prepared for Black Friday, check out The Reseller’s Guide to Black Friday: The Fool-proof Strategy to Rock Black Friday Sales Every Year. In this combination ebook and master class, Kristin Ostrander (the Queen of Black Friday) and I walk you through everything you need to know to make big profits before, during, and after Black Friday. The ebook will walk you through multiple Black Friday strategies so you can pick the one that best fits your situation and skills.

The live online master class will be an opportunity for Kristin and I to show you how we make our best Black Friday sourcing decisions using actual Black Friday ads. There will also be a time of Q&A during the master class where you can ask both Kristin and I any Black Friday related questions. With a 30 day money back guarantee, you have nothing to lose. The price goes up very soon, so be sure to learn more about The Reseller’s Guide to Black Friday.

Profit-graph-260x259I really love sourcing in November. Amazon’s Q4 sales have started to increase, and there is more money to source with than usual. The more money you can source with in November, the faster you can get inventory into Amazon to flip… which leads to even bigger payouts, and more capital to source with in the next disbursement… and then the cycle starts over and over again!

So how about you? What tips do you have to share about sourcing in November? Do you have a plan of attack for Black Friday? I’d love to hear how you plan on making November the most profitable it can be. Comment below with your awesome ideas.