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.
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.
Related: The best items to flip for a profit.
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.
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Links / Next Steps
- CreditCard101.us
- Credit Card 101 Facebook Group
- FreeCreditCardCourse.com
- RevSeller
- Discover
- BestBuy
- How Many? (Chrome extension)
- Keepa
- Capital One Shopping (formerly Wikibuy) – Chrome extension
- Google Express
- Walmart
- Costco
- Barnes & Noble
- Amazon Seller (iOS app)
- Amazon Seller (Android app)
- FBA Sourcing Simplifiers (Facebook Group)
- Allen Brothers
- Tactical Arbitrage – Use promo code SIDEHUSTLE for an extended 10-day free trial.
- Cashback Monitor
- Dosh
- Ibotta (get $10 free)
- Drop
- Gyft (iOS app)
- Gyft (Android app)
- Flipping books
- Gifts for Entrepreneurs
- MileagePlus X (iOS app)
- MileagePlus X (Android app)
- Mercari
- Craigslist
- ebay
- Brickseek
Many of these apps made our list of the best money-making apps of the year.
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Does Amit ship by hand? Hire it out?
Great episode Nick & Amit! I always enjoy these podcasts.
I wanted to drop a line and let you (Amit) know that I would love to talk automation with you. I’m a web developer by day, but I love automating any workflows I’m able. I’m especially interested in the topic of automating business workflows that could potentially save a bunch of money and/or time. If you’d like to talk shop I’m always available. You can check out my link, which should be attached to my name? Not sure how things are handled on Nick’s site.
Either way, keep up the great work guys!
OK. I’m in.
So is he on track to sell $250k this year or earn $250k this year?
I believe that’s top-line sales, not profit.
There was something not covered in this podcast. Shipping. Does he buy products and send directly to Amazon? Not my impression. So paying for shipping to his place, then to Amazon all costs. The shipping costs around Amazon is what eats profits! Love to hear more about how he deals with that.
I believe Amit was using a pack-and-prep center. Shipping is definitely part of the equation but in my limited experience with retail arbitrage, I was blown away at how low their negotiated UPS shipping rates were to send inventory in to their warehouses.
Do you mind posting which facebook groups he recommended?