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The Side Hustle Show

307: Online Arbitrage – How to Find Amazon FBA Profit from Home

The Side Hustle Show

Nick Loper

How To, Entrepreneurship, Business, Education

4.71.6K Ratings

🗓️ 1 November 2018

⏱️ 47 minutes

🧾️ Download transcript

Summary

Can you find Amazon FBA profit from the comfort of your couch? Amit Desai of CreditCard101.us has built a business doing exactly that, and now he’s on track to sell $250k worth of stuff this year – all on the side from his day job. We’ve covered Amazon FBA and retail arbitrage before on the Side Hustle Show, but Amit has a unique angle in that he sources most of his inventory online. Full Show Notes and PDF Highlight Reel: Finding Amazon FBA Profit from Home Amit’s side hustle background is actually as a travel hacker. He’s one of those guys that racks up a bunch of points and frequent flier miles, so he can go on awesome trips for free. It was at a travel hacking conference where one of the speakers presented about his Amazon business, and how he was racking up tones of credit card points by buying inventory for his business that a light bulb went off for Amit. Flipping Items for Profit on Amazon Amit realized that if he could figure out a way to flip items on Amazon and breakeven he could step up his travel game. However, he soon found out there was real profit out there, not just from credit card cashback offers and free flights. He shares some interesting examples of how he's stacked cashback and other discounts on the items he's flipping to effectively increase the ROI on his products while being able to sell them at a competitive price. You'll hear where you should be spending your time if you’re starting out in the FBA space, loads of cool apps, websites, and tools that have helped automate most of his business, and the criteria he uses when sourcing goods. Tune in to hear Amit’s favorite tools for sourcing profitable inventory, his buying criteria, and how you can stack different discounts and rewards offers to improve your margins and get a leg up on the competition.

Transcript

Click on a timestamp to play from that location

0:00.0

Sidos will show 307. This is online arbitrage. Can you find Amazon FBA

0:06.3

profit from the comfort of your couch? My guest today shares how he does just

0:10.3

that and how he's on track to sell a quarter million dollars worth of stuff this year,

0:14.8

all on the side from his day job.

0:18.5

What's up, what's up, Nick Loper here?

0:20.3

Welcome to the Side Hustle Show because you're 9 to 5 may make you a living but your 5 to 9 makes you alive online

0:27.6

Arbitrage buy low from one website sell high on another and collect the profit in between.

0:33.0

And sometimes as you'll hear, maybe even from the same website,

0:36.0

it's a tantalizingly simple sounding business model

0:40.0

and one I've been anxious to dive into and learn more about myself.

0:44.3

The conversation today is going to center on Amazon FBA or fulfillment by Amazon.

0:49.3

That's the program through which

0:55.0

allows individual sellers like you and me and which allows individual sellers like you and me

0:58.0

to tap into Amazon's

0:59.6

ginormous audience of buyers

1:01.6

and world-class logistics network, meaning they're going to ship

1:05.0

the stuff out to customers on your behalf.

1:08.2

We've covered FBA in the past on the show, but today's guest focuses on online arbitrage to sources inventory

1:15.2

which appeals to me because it seems more efficient than hunting up and down the

1:19.8

aisles of Walmart. So I'm excited to introduce Amete Desai from Creditcard

1:24.6

101. U.S. to the show. He's a research scientist by day, but by nights and weekends

1:31.4

he's built a pretty serious e-commerce business on track to do $250,000 in sales this year

...

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