Trade Show Strategy with Abby

Trade Show Strategy with Abby

Scanner Monkey member, Abby Hunt, recently attended the ASD trade show in Las Vegas. She summed up her lessons learned which really apply to attending any trade show.

  1. DO YOUR RESEARCH BEFORE YOU GO. I researched vendors and products for the week prior to ASD and was completely prepared when I hit the floor.
  2. SCHEDULE SOME BROWSE TIME. Since I had prepared, I was able to enjoy browsing some booths & vendors by day 3 without missing out on the booths I HAD to visit.
  3. JUST SAY NO TO CATALOGS! I prefer a backpack to a rolling bag and by day 3 I had bruises on my shoulders from the weight of the bag!
  4. GRAB ESSENTIAL CATALOGS. There were 2 vendors that were not on my original search list so I did grab those two catalogs, researched at night on wifi at my hotel and placed an order the next day with the most profitable items.
  5. LEARN SOMETHING NEW ON PURPOSE. I was able to schedule just one seminar so I made it count by seeing Katharyne Shelton. She was such a wealth of knowledge, it was time very well-spent.
  6. WORK THE SHOW LIKE A BOSS. Save the meandering, window shopping for another time. The purpose of attending is to make money. I saw things I could have purchased as gifts for family or things I thought were cute, but I made myself research everything before buying. This saved me tons of money for sure.
  7. TAKE A SMALL RISK. I made a purchase at one booth that was probably profitable but WAY outside my comfort zone. It was a $200 wholesale purchase which was within my budget and if it does well, I will have a new category to continue to pursue.
  8. KNOW YOUR BUDGET. While this may seem obvious, it is still vital! Don’t go overboard. No deal is really THAT good and the vendors/wholesalers will always take your money.
  9. BE YOURSELF. (unless you’re a jerk… just kidding) It is much easier to have a genuine conversation with a business owner when you walk up with a smile and a “good morning” rather than being nervous with some sort of “pitch.”
  10. HAVE FUN. A nice dinner, a little gambling, goofing off and time to unwind are essential so that you don’t burn out by the end of the week.

by Abigaile Hunt

How To Make Tax Exempt Business Purchases From Walmart.com

How To Make Tax Exempt Business Purchases From Walmart.com

Walmart.com can be a lucrative source of inventory either for simple resale or for making bundles. Many online sellers buy from there and resell on Amazon or other marketplaces. If you are buying for resale, you can avoid paying sales tax both online and in store.

ONLINE

If you buy from Walmart.com for the purposes of reselling their inventory on another website such as Amazon, you can apply for TAX EXEMPT status to avoid paying sales tax.

  1. Make sure you have a SALES TAX / RESALE CERTIFICATE from your own state
  2. Set up a business buying account for Walmart.com
  3. Follow these instructions on WALMART’s WEBSITE on how and then fill out the application
  4. Once you are approved you should be able to make business purchases and no tax will be applied

IN STORE

In order to make IN STORE tax exempt purchases, go to customer service with your SALES TAX / RESALE CERTIFICATE and apply. They will give you a card (or multiples) that you can then give to any cashier at any point and you will receive the exemption.

Happy Shopping!

Milas – New Seller

Milas – New Seller

Milas is a relatively new Amazon seller, he’s only been on since the summer of 2016. He was focusing on arbitrage but is switching after his first suspension and reinstatement. He sells on Amazon full time as well as owning a small chain of restaurants in Atlanta, Davinci’s.

Goals?

“My goal, because of my passion is to own a film studio and everything I have done, the restaurants, now retail, is to finance my celluloid dreams, lol. But for retail, in particular, is to establish different brands to build a sustainable retail company. I am returning to China to finally get into PL, I feel that RA has really been paid training to learn about retail.

Moo-Lah

“Currently I am grossing $10K+ per month.”

Life Details

Milas loves movies, playing basketball, movies, video production, and movies!

What Does He Love About Scanner Monkey?

LEARNING!

2016 In Review, 2017 In Motion

2016 In Review, 2017 In Motion

We’d like to share some of what we accomplished in 2016 as a group. Our group, as far as we know, is like no other. We focus entirely on the tribe, with no affiliate marketing or “gurus”. We all have value to offer each other. We thank you for being a member of our list and invite you to join our tribe. It’s a strategic and useful way to invest only $20 a month and have access to hundreds or thousands of dollars of resources each day.
FACEBOOK GROUP HIGHLIGHTS 2016: (post links are for members only)
  • Tape Machines – WORTH IT! We are warehouse geeks at heart. Full post 
  • We celebrated our THIRD ANNIVERSARY by giving away over $7000 worth of prizes to members!
  • There were some tough changes to the FBA landscape but our members looked on the positive side.
  • At least 15 of our members sold 1 Million in product for the first time in 2016! CONGRATS!
  • We saw many full timers thrive.
  • Our members diversified in so many ways this year. Whether it was new marketplaces (Jet, Walmart and more), new countries (UK and beyond), or new ways of sourcing (wholesale, private label and manufacturing)
  • We were inspired to learn how our members got their start. Here.
  • We also had members who had a tough year who reached out to each other and are continuing to build, re-build and grow. Here.
CONTESTS:
We had many contests for our members, they won thousands of dollars worth of prizes throughout the year. Prizes were awarded in the form of gift cards, merch, classes, and services. We’ve already had 2 CONTESTS in 2017! “Best End Of Year Tip” and “Best Wholesale Tip”. More coming every month!
#SMTV IN 2016:
We had an incredible array of guests this year on #SMTV. We published a few choice shows on our YouTube channel but, most of our juiciest content is for members only to replay at will. A few of our YouTube replays:
A few of our replays which are available to members only covered topics and guests such as former Amazon exec Peter Kearns, Wholesale with Eddie Levine, Private Label, Credit Card Wizardry, FBA Family, Shoe Sourcing and MORE! We produced over 40 shows with actionable content! 
We already have an amazing schedule of shows in 2017! Join us LIVE at our new time, Thursdays at 8PM EST/ 5PM PAC. See our FACEBOOK PAGE for weekly show registration. LIVE shows are FREE, many replays are for members only. Upcoming shows:
  • Building A Sellable Amazon Business (THIS WEEK-1/10. REGISTER)
  • Daneen England, Seller Success Story! Rising Like A Phoenix and THRIVING in 2016 After Their Warehouse BURNED DOWN (1/19)
  • Listing Writing Strategy Session with Karon Thrackston (1/26)
  • Etsy Basics (2/2)
Other Topics Coming In 2017: China Sourcing, Going International and MORE!
LIVE GET TOGETHERS
We were so happy to connect in person with our members and more importantly, see our members connect with each other! Just a FEW of our get togethers in 2016 include: Our Cruise, Orlando Happy Hour, Resonate Atlanta, Rocky Mountain Resellers Conference in Denver, Retail Global in Vegas, eComChicago.  Images at the bottom of this post.
BLOG
Check out these blog posts for some free info and resources:
DISCOUNTS
We added tons of new discounts for our members. For software, conferences, courses, books and more. We are always looking to add more. Please see our members only website for a full list.
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Thank you for being part of our community, for sharing us with your colleagues and friends and for being a community leader and friend! Our group continues to stay strong and healthy because of our members! Please tell your friends about us and JOIN. You can’t beat the deal for $20/month. The more members that we have, the more discounts we can get, the more events we can host, and the more resources we have for everyone.
All the best,
-Jay, Cordelia, & Ashley
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Wants To Be Married To Her Own Business!

Wants To Be Married To Her Own Business!

Joy sells online on eBay and Amazon. She has been at it part time for 5 years and went full time in 2016. She does a bit of consulting but mostly earns her living from her online sales business.

Goals?

“For the last 6 years I was responsible for running someone else’s company. While it was a job I loved, I realized all that energy could be spent growing my own business and affording me more freedom over my life and my schedule. If I am going to be married to my work I want it to be my own business not someone else’s.

I started out selling primarily Health and Beauty items, mostly limited edition and discontinued makeup. My eBay business originally was comprised entirely of Retail Arbitrage. Now I also do vintage and thrifted items on eBay in addition to RA. I sell in a variety of categories on Amazon…toys, clothes, grocery, health and beauty, video games and more! I am 99% RA, 1% OA and am in the very early stages of finding a manufacturer for my first PL product.”

Moo-Lah

“Since I went full time growth has been amazing, and revenue for the year between Amazon and eBay will be in the 6 figures.”

Life Details

“I have a daughter who is 23 and in college studying business management, and a son who is 22 and works full time as a material handler. I am a coffee junkie and am an admin in the Facebook group, The Thrifting Board, which focuses on helping sellers who sell vintage and thrifted goods on eBay with a little Amazon mixed in. I’ve been blessed by a lot of sellers who’ve helped me along the way so I love to pay it forward helping in that group. Vintage Levi’s are kind of my area of expertise.”

What Does She Love About Scanner Monkey?

I adore how welcoming and friendly the group is. And so knowledgeable! I love how active and positive Jay and Cordelia are in the group.”

Tribe Testimonials:

Finding so much more to source

I have been scanning a lot more different things because of the BOLOs. I’m stepping out of my comfort zone…
Scanner Monkey
2014-02-02T02:05:01+00:00
I have been scanning a lot more different things because of the BOLOs. I’m stepping out of my comfort zone and finding so much more to source. I’ve been “working” about 20 hours a week on the weekends. I am View Full →

100k in revenue in 1 year

Just wanted to say I may not speak much within group but I am grateful for it and all it’s…
Scanner Monkey
2015-09-03T19:58:39+00:00
Just wanted to say I may not speak much within group but I am grateful for it and all it’s members. I started with $142.00 and 388 days later I have had 100k in revenue with about a 46% profit View Full →

Areas to diversify

I found 31 of a certain BOLO. While sourcing those, in 8 hours, I found another 50 products to list.…
Scanner Monkey
2014-02-02T02:05:44+00:00
I found 31 of a certain BOLO. While sourcing those, in 8 hours, I found another 50 products to list. I love this group for showing me other areas to diversify. I never would have thought to look at some View Full →

Record day yesterday!

Record day yesterday! [$2562.18] Hard to believe I started last November with total gross sales of $98 in books part-time.…
Scanner Monkey
2015-09-10T19:31:18+00:00
Record day yesterday! [$2562.18] Hard to believe I started last November with total gross sales of $98 in books part-time. What a difference a year makes. Thanks Scanner Monkey for helping me soar through the clouds! –Robert

Broadened my scouting range

I love the fact that so many sellers offer up so many great items that they have come across in…
Scanner Monkey
2014-02-02T02:06:18+00:00
I love the fact that so many sellers offer up so many great items that they have come across in there sourcing. I do not go out hunting BOLOS as my business model but seeing the items from the group View Full →

Thank you … for creating such an awesome thing

I started … and fumbled my way through. I asked to join this group and was … like nope not going to…
Scanner Monkey
2015-09-10T19:33:45+00:00
I started … and fumbled my way through. I asked to join this group and was … like nope not going to pay for information that I can get on the internet for free. Then I watched spreecast after spreecast, fast turn, View Full →

More successful members

Scanner Monkey WAS a derogatory term used in the past by extremist/elitist type sellers who thought the marketplace was being…
Scanner Monkey
2014-02-02T02:06:48+00:00
Scanner Monkey WAS a derogatory term used in the past by extremist/elitist type sellers who thought the marketplace was being flooded with all kinds of clueless people (newbies) with a phone and a scanner. “Monkey see, monkey do” kind of View Full →

I love this group.

I love this group. It’s my happy place. –Heather 9/14
Scanner Monkey
2015-09-10T19:35:14+00:00
I love this group. It’s my happy place. –Heather 9/14

It helps your own business succeed

This ScannerMonkey group is like a spin-off from Scanpower in the same way Frasier was from Cheers and Angel from…
Scanner Monkey
2014-02-02T02:07:16+00:00
This ScannerMonkey group is like a spin-off from Scanpower in the same way Frasier was from Cheers and Angel from Buffy the Vampire Slayer. The characters you know and love have now expanded their roles and you look forward to View Full →

Scanner Monkey Has Been the Most Valuable

After the many workshops, presentations, training, etc. that I have participated in for our Amazon business, I can say that…
Scanner Monkey
2016-01-13T18:31:06+00:00
After the many workshops, presentations, training, etc. that I have participated in for our Amazon business, I can say that Scanner Monkey has been the most valuable to me over the past year. -Candace Tanner, 1/2016