Online Sourcing Strategies Jessica Larrew copyIn this Thrifting For Profit Podcast with Debra Conrad, we discuss … Online Sourcing Strategies  with Jessica Larrew and Matt Carlett.

I’ve been selling on Amazon FBA for about 3 years. I’ve made many mistakes and yet I’m still here – selling away. :)

I’ve learned to source and sell many different types of products on Amazon and so far – it’s been an amazing and profitable ride.

I dipped my toes into sourcing online my first year of selling products on Amazon. I didn’t go BIG because I didn’t “get it”.  I found a few pockets of untapped profitable products… but what I Did Not Do was this:

I didn’t learn and retain WHY they were great products to sell on Amazon.

AND…

I didn’t learn when to “get IN and sell and when to Stop Selling because the competition had joined in the fun and the product is no longer profitable”.

Learn To Source/Sell Products That Are Harder To Find

OR

Products That Don’t Have A Ton Of Competition

 

 You CAN find profitable products ONLINE!

Sourcing Online IS Boring!

Why is shopping online Boring?

Because – it’s just clicking around on websites – doing the ol’ hunt/peck routine – looking for the best deals.

Most of us relish the idea of finding GREAT Deals at every Big Box (or little) retail stores we can get to in a day.

Do we always FIND “Great” deals every day? Nope.  We might find deals – we might be able to stock up on our replenish-able inventory – we might stumble on some new to the market products that aren’t even listed on Amazon yet….

It’s a bit hit or miss in reality. You have to “Kiss a lot of frogs to find your prince”.

Sourcing (shopping) is fun! Getting out in your car… fresh air… actual live people are surrounding you… and you never know what hidden scores are waiting for you.

BUT… (you know I always have a BUT when I’m sharing my own experience)

You have to get out the door – which means wearing publicly acceptable clothing, messing with hair and/or makeup and the car better have a full tank of gas.

Then – you must be mindful of traffic (On the road and in the stores). 30 seconds waiting at a stop light will aggravate my patience. More than 3 minutes waiting in line to check out will elevate my blood pressure. 2 seconds of crabby shoppers in my way… I am past my boiling point.

Lugging all that “stuff” out of the carts to check out… lugging it out to my car and piling it in… lugging it out of my car into the house… Lugging is not one of my favorite pastimes.

Then You Must Research

Research is my middle name… (not really, but I’m very cautious when I’m spending my very hard earned cashola).

I will stand in an aisle for 10 minutes researching products I am not familiar with.

WHY? Because, I’ve come home with more “bad buys” than I want to admit to myself or anyone else.

Now… Let’s Look At Why I Love To Source Online

24/7 Shopping Hours – No – I’m NOT one of those that will shop the Wal-Mart aisles at 2 a.m. I WILL shop Walmart.com at 2 a.m.

I can source in bed, in the car (as a passenger), watching TV, listening to podcasts, sitting on my patio (which is where my office is located most of the year), or in waiting rooms for appointments that are running 30 minutes late.

I often get up – right out of bed – grab my coffee – and start browsing around online. I try to make my daily “buys” before I check Facebook and email. Yes… you read that correctly, I make daily online purchases.

I can research EVERY product – as much or as little as I choose. I can make buying decisions based on my own “rules” – at the very moment of finding the product. I can (usually – if the product doesn’t have a qty. buying limit) buy as much of every product as I feel comfortable with.
I won’t find myself overly excited by anything I find online. I make wiser buying choices and stay within my budget.

• I am not out and in traffic of any kind.

• I have not “dressed” in grown-up (presentable) clothing.

• I didn’t spend one penny on gas.

So Far So Good – right?

Here is the BEST Part of Online Sourcing…

I get boxes every day delivered right to my business address.

Boxes of inventory that don’t need labels removed.

NO Lugging!

What Is The Worst Part of Online Sourcing…

Others can find the same products you are finding. (Much the same as sourcing anywhere).

Stock can be delivered in un-sellable condition. (It happens – not often if you learn to avoid companies that are notorious for sending damaged products or not packing well.)

You usually won’t find the “killer deals” that others find in stores. 90% off a popular toy is not easy to find online… and they are usually limited to buying one or two.

Again… It’s Boring. It’s Tedious. It’s (often) Frustrating.
I Buy From Many Online Sources

Yes – I buy from a large variety of stores – many of these are stores I could shop locally.

In fact – I often find products in store (Sunday paper) advertisements that I can buy in bulk – by checking online.

Thousands of sources are waiting for shoppers online. Many of them will give you coupon codes, discounted or free shipping and you can get rewards from rebate programs.

Once you get into the “groove” of shopping online – the world of options and opportunities will open up for you.

Online Sourcing Jessica Larrew

Discover the Strategies Top FBA Sellers Use to

Find, Purchase and Process Product

- All Without Leaving Home

Everything You Think You Know About Sourcing Online is About to Change

 CLICK HERE>>>http://thriftingforprofit.com/online

Debra and Charlene Speaking At Phoenix ETailers Conference – April 25 thru 27 – 2014

EVENT-Banner-all-001

WHEN:   April 25, 26, & 27, 2014

WHERE:  Radisson fort McDowell Resort & Casino Hotel, Scottsdale, AZ

10438 North Fort McDowell Road

Scottsdale/Fountain Hills, AZ  85264

http://phoenixetailersconference.com/

Use the code ”  TFP2014  ” for a huge discount! Hurry, because this discount won’t last.

Here is a video about the conference and also about why I believe you should be sourcing toys NOW – Phoenix eTailers Conference

Join Me In Vegas – “More Fun – Bigger Profits” Training Conference – May 2 – 3, 2014

ebay confrence

http://thriftingforprofit.com/fun

DC50MFBP for an extra $50 discount.

Registration is now OPEN.

Special Room Rates are available.

Come a day early and/or stay a day late for a “Day with Danni” – You get to pick my brain while sourcing!

Okay… Have A Great Weekend and Profitable Sourcing!

That’s my story… and I’m sticking to it…

Debra Giggle

Debra ConradDebra Signature

Next week’s show….

Jessica Larrew and Matt Carlett join us to talk about Online Sourcing Strategies.

Listen live to the show Fridays, 2pm ET at http://thriftingforprofit.com/listen

 

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Source more, Sell more, Make more money on eBay & Amazon

 

Heads UP! I partnered with with Mike Franco (Pick4Profit) on a live Spreecast talking about Toys and why you should always have toys on your sourcing list.

We are also going to share why you should join both of us at the Phoenix Etailers Conference next week!

If you live anywhere near Phoenix Arizona (even if you live in California for heaven’s sake) and you have ever wanted access to pick my brain for 3 days… get yourself to this event.

Mike and I plan to make ourselves available to you – and help you one-on-one (or 4×4 *giggle) set up your business for success. As us anything… we are both open books.

We have a great discount code available.

Of course… it’s still an expense.. and not a small one. BUT – think about this – what would you pay for direct one on one coaching? Coaching that gives you a leg up – learning from those who are already making a full-time living selling products on Amazon and eBay?

Tax season is over – you know exactly what you made in profit last year. Would you like to see that double or even triple this year? That’s what both Mike and I are doing this year – and you can come along for the ride.

AND – it’s not just about Mike and I (we are the bomb) – this conference is filled with other speakers that will motivate you and help you take your business to the next level.

Phoenix ETailers Conference – April 25 thru 27 – 2014

EVENT-Banner-all-001

WHEN:   April 25, 26, & 27, 2014

WHERE:  Radisson Fort McDowell Resort & Casino Hotel, Scottsdale, AZ

10438 North Fort McDowell Road

Scottsdale/Fountain Hills, AZ  85264

http://phoenixetailersconference.com/

Use the code ”  TFP2014  ” for a huge discount! Hurry, because this discount won’t last.

http://phoenixetailersconference.com/

 

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What size products are best for amazon fbaIn this Thrifting For Profit Podcast with Debra Conrad, we discuss … What Size  Products Are Best For Amazon FBA?.

You might be surprised to learn that we strive to find smaller, lightweight products to sell on Amazon… or maybe you have heard us mention this often enough to know that for us – Smaller and Lighter Is Better.

Why?  Because, beautiful wonderful things come in small packages.  LOL

Today, Charlene Anderson of Purveyor Of All Things Creative is helping me answer questions on the air and in the chat room.

Charlene actually taught me this idea – and I don’t think she realizes it.

I’ve heard, over the last year, Charlene talk about shipping hundreds of products out to the Amazon warehouses. She would often say that they all fit in (what I consider) miniscule boxes and only cost pennies each to ship.

After a while, (I’m sort of slow on the uptake) what she had been saying, started to seep into my sourcing habits.

For instance, if I’m holding an 18 oz. bottle of shampoo in one hand and a 4 oz tube of conditioner in the other – which is easier and cheaper to ship?  The smaller, lighter tube of course.  AND, (All other costs associated being equal) – more profitable.

Shipping Costs

Storage Costs

I still sell some extremely heavy products, and I always dread shipping them to Amazon. Why? Because, I’ve got to worry about how the other products in the same box will survive.  The only reason I keep selling them, is that they are so dang profitable.

Learn To Use The Amazon Calculator

This might seem obvious to some… but, learning to use the Amazon Calculator is imperative!

Amazon has divided up fees based on size and weight in so many ways… in general is impossible to know where each of your products fit into the “chart”.

In the past – the division for size was pretty easy to calculate

 

 

Debra and Charlene Speaking At Phoenix ETailers Conference – April 25 thru 27 – 2014

http://phoenixetailersconference.com/

Join Me In Vegas – “More Fun – Bigger Profits” Training Conference

ebay confrence

http://thriftingforprofit.com/fun

Registration is now OPEN.

Special Room Rates are available.

Come a day early and/or stay a day late for a “Day with Danni” – You get to pick my brain while sourcing!

Okay… Have A Great Weekend and Profitable Sourcing!

That’s my story… and I’m sticking to it…

Debra Giggle

Debra ConradDebra Signature

Next week’s show….

Jessica Larrew and Matt Carlett join us to talk about Online Sourcing Strategies.

Listen live to the show Fridays, 2pm ET at http://thriftingforprofit.com/listen

 

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Thrifting For Profit Podcast – Episode 73 – Treasure Hunting With Katharyne Shelton

April 8, 2014

In this Thrifting For Profit Podcast with Debra Conrad, we discuss … Selling On Amazon and Ebay With Our Special Guest Katharyne Shelton. I first found Katharyne when she sent me a link to her first YouTube video. I was so impressed with her content – I had to share it on the Thrifting For […]

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Thrifting For Profit Podcast – Episode 72 – Our Income History With Debra Conrad and Charlene Anderson

March 28, 2014

In this Thrifting For Profit Podcast with Debra Conrad, we discuss … Our Income History. You might be surprised that Charlene and I have a varied history revolving around “making money” – listen in to learn what various projects we have worked on that add to our income… some of it is still working for […]

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Thrifting For Profit Podcast – Episode 71 – Selling Collectible Games On Amazon With Ron Davison

March 21, 2014

In this Thrifting For Profit Podcast with Debra Conrad, we discuss … Collectible Games On Amazon. We have discussed selling Used/Collectible Games in the past – but it’s time for another round of discussion. You just can’t go wrong selling games on Amazon IF you know what to look for. Charlene Anderson of Purveyor Of […]

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Thrifting For Profit Podcast – Episode 70 – Selling Groceries On Amazon With Jessica Larrew

March 14, 2014

In this Thrifting For Profit Podcast with Debra Conrad, we discuss … Selling Groceries On Amazon. We have all been hearing a lot of talk lately about selling Groceries on Amazon… and how profitable they can be. The Groceries (much like health and beauty) Category is filled with Replenishable Product Opportunities. Today – Jessica Lareww […]

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Thrifting For Profit Podcast – Episode 69 – Sales Tax For Your Amazon Business – TaxJar with Mark

March 7, 2014

In this Thrifting For Profit Podcast with Debra Conrad, we discuss … Sales Tax For Your Amazon Business. Today’s podcast is for Everyone Who Sells Products Online – Amazon, eBay, Etsy as well as your own products sold via Paypal.  The issue of Sales Tax has stopped new business start-up’s dead in their tracks. It’s […]

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Thrifting For Profit Podcast – Episode 68 – Is Fear Holding You Back From Selling On Amazon FBA

February 28, 2014

In this Thrifting For Profit Podcast we discuss …  Is Fear Holding You Back From Selling On Amazon? Today’s podcast is NOT just for those that want to get started selling on Amazon FBA… We are also discussing some of the painful parts of selling on Amazon FBA or just having your own business. Today […]

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