- 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.
- 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.
- 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!
- 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.
- 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.
- 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.
- 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.
- 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.
- 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.”
- 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.
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.
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.
- Make sure you have a SALES TAX / RESALE CERTIFICATE from your own state
- Set up a business buying account for Walmart.com
- Follow these instructions on WALMART’s WEBSITE on how and then fill out the application
- Once you are approved you should be able to make business purchases and no tax will be applied
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.
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.
“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.”
“Currently I am grossing $10K+ per month.”
Milas loves movies, playing basketball, movies, video production, and movies!
What Does He Love About Scanner Monkey?
- 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.
- Q4 on Ebay with Jason T Smith and Nadene Shearstone of the Thrifting Board
- Senior Marketing Manager of Amazon Business, Colin Puckett joined us to fill us in on this new billion dollar program for sellers.
- Cynthia Stine discusses the safety of Arbitrage as a business model
- 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)
- SELLER SUCCESS STORIES – This series of posts gives you a peek into the lives of many sellers who succeed in different ways. Whether it be part time or full time, they are growing and thriving.
- Q1 – A Most Wonderful Time Of Year
- Arbitrage, Is it Viable?
- Selling On Swap.com
- White Label
- Top 25 RA Tips & Strategies
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.
“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.”
“Since I went full time growth has been amazing, and revenue for the year between Amazon and eBay will be in the 6 figures.”
“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.”