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[vc_section full_width=”stretch_row_content” full_height=”yes” content_placement=”middle” parallax=”content-moving” css=”.vc_custom_1491211825394{background-color: #f9f9f9 !important;}”][vc_row][vc_column width=”1/3″][/vc_column][vc_column width=”1/3″][vcma_fonticons icon_alignment=”center” icon_type=”linecons” icon_font_size=”58px” icon_line_height=”1.4″ icon_padding=”0″ icon_margin=”0 auto” icon_placement=”none” icon_border=”0″ icon_border_radius=”100%” icon_border_style=”0″ vcmafonticons_title=”HOW TO USE” vcmafonticons_title_fsize=”18px” vcmafonticons_title_line_height=”1.2″ vcmafonticons_title_letter_spacing=”8px” vcmafonticons_titlecolor=”#ddcdb3″ vcmafonticons_textcolor=”#606060″ vcmafonticons_description_fsize=”64px” vcmafonticons_description_line_height=”1.4″ vcmafonticons_description_letter_spacing=”2px” google_fonts=”font_family:Open%20Sans%3A300%2C300italic%2Cregular%2Citalic%2C600%2C600italic%2C700%2C700italic%2C800%2C800italic|font_style:400%20regular%3A400%3Anormal” css_animation=”flipInX” vcmafonticons_title_word_spacing=”3px” vcmafonticons_description_word_spacing=”5px” icon_linecons=”vc_li vc_li-diamond” css=”.vc_custom_1520301837416{padding-top: 10px !important;padding-right: 30px !important;padding-bottom: 10px !important;padding-left: 30px !important;}”]THE WEEKLY DEALS[/vcma_fonticons][vcma_advancedtext advancedtext_fontsize=”18px” advancedtext_wordspacing=”0″ advancedtext_lineheight=”1.2″ google_fonts=”font_family:Open%20Sans%3A300%2C300italic%2Cregular%2Citalic%2C600%2C600italic%2C700%2C700italic%2C800%2C800italic|font_style:400%20regular%3A400%3Anormal” css_animation=”flipInY”]

INSTRUCTIONAL GUIDE

[/vcma_advancedtext][vc_empty_space height=”45px”][vcma_advancedtext advancedtext_textcolor=”#919191″ advancedtext_fontsize=”13px” advancedtext_wordspacing=”3px” advancedtext_lineheight=”1.6″ google_fonts=”font_family:Open%20Sans%3A300%2C300italic%2Cregular%2Citalic%2C600%2C600italic%2C700%2C700italic%2C800%2C800italic|font_style:400%20regular%3A400%3Anormal” css_animation=”flipInY”]Now that you have decided to make the most of your e-commerce business by signing up for Investible, it’s time to learn how to use one of our key services, “Weekly Deals.” In this tutorial we are going to show you how to do the following:

 

  • How to read the Weekly Deals spreadsheet
  • How to compare products on retail sites to products on Amazon
  • What are the primary numbers to look at first
  • How to extract the exceptional products from the average products
  • What quantity should you purchase

 

    By now you probably already know the purpose of Weekly Deals — to help you find ready to sell arbitrage products to fuel your selling engine — and now you’re simply wondering how to best utilize it. Step one is learning how to read the spreadsheet. Here is a brief explanation of what each column header and what it means.[/vcma_advancedtext][/vc_column][vc_column width=”1/3″][/vc_column][/vc_row][/vc_section][vc_row][vc_column width=”1/6″][/vc_column][vc_column width=”2/3″][vc_empty_space height=”45px”][vc_column_text]Image: This one is pretty self explanatory; it is simply the image of the product you’re viewing

Sale Page: This is the link to where you can purchase the arbitrage product at the retail store where it has been featured.

Sale Price: This is the price the retail store is charging for the product. This is essentially your cost per unit before any applicable taxes or shipping fees.

Amazon Link: This is the matching listing on Amazon for the product. We encourage you to use this link and research the product at the time you view it to ensure there have been no market changes for that product since the weekly deals list was published. Remember Amazon is a live, ever changing marketplace so it is important to look for potential shifts and surprises.

BuyBox Price: This is the “Add to Cart” price that was recorded on Amazon at the time the Weekly Deals research was made. It represents the potential gross revenue per unit for the product.

Title: This is simply the name of the product as it is featured on Amazon.

ASIN: The Amazon Standard Identification Number. This is Amazon’s version of a UPC and is used when adding this product to your store

Restricted?: This column lets you know if the product is restricted in any of the default gated categories on Amazon. While this does not guarantee the product will be unrestricted for your account, it does represent what is or is not restricted in the average new Amazon account.

FBA Fees: This represents the total fees charged by Amazon for this product and includes the referral fee, pick and pack fee, and storage fee.

Net Profit: This represents the net profit of the item if it is purchased at the sale price and sold at the BuyBox price. This does not include shipping or tax fees, so do keep that in mind when making your profit projections.

Monthly Revenue: This number reflects the BuyBox price multiplied by the total estimated monthly sales for this product.

Est. Monthly Sales: This is the estimated total of sales of this product over a 30 day period. It is important to note that this is the total for all sellers together, so you will want to look at the competition on the listing to determine what portion of the monthly sales you think you can secure for yourself.

Total New: This is the total number of FBA sellers on Amazon selling this product in new condition. This number is, essentially, your competition.

Estimated ROI: This is your estimated ROI (or Return On Investment) based on the net profit vs cost figures.

Sales Rank: This is the Amazon sales rank of the product at the time it was researched. The sales rank is a good indicator of the demand level of the product.

Product Group: This is the category or sub-category in which the item is listed.

 

    Now that we know what each column means, let’s take a look at how to compare the retail store item to the Amazon item. This step is fairly easy, you will simply need to open both links from the spreadsheet so you can compare them side by side. We recommend opening it up in two tabs on your browser so it is easy to switch back and forth. While our research team thoroughly looks through the products on the Weekly Deals list, it is important to double check the retail listing to the Amazon listing to ensure the retailer has not changed their listing in any way since the spreadsheet was published. Sometimes retailers will swap out colors or prices on their website when certain variations sell out or become unavailable. You will want to ensure that both listings are identical and that the UPC codes match.

 

    Once you’ve confirmed that the products are identical and the price has not changed at the retail store, the next thing to look at is the data on the spreadsheet. There is a lot of empirical data in our spreadsheet and it can be a little overwhelming if you’re unsure where to start. So, let us start with two of the most important numbers and best indicators of the viability of a product. Those two numbers are the Net Profit and the Est. Monthly Sales. These two numbers will need to have a certain degree of balance to constitute a desirable product. For example, if your Net Profit is $50 per sale, but the Est. Monthly Sales is only 2, then we know the likelihood of us obtaining many sales is fairly slim. Conversely, if the Est. Monthly Sales are at 5,000 but the Net Profit is only $0.50 then we know it is unlikely we will make much money with that product, despite its high demand. You’ll want to find a product with high numbers in both columns.

 

    When looking for the product that is just right you will want to look at a few factors. Comparing the Net Profit to the Est. Monthly Sales is a good first step, but we also want to consider the ROI and total number of sellers. A high Net Profit is excellent but we also want to make sure that our ROI is in a good spot as well. A product’s ROI can be a good indicator of the risk vs reward level of the product. If it has a Net Profit of $50 but the ROI is at 10%, then we know that we’re going to need to invest a lot of money, and as a result risk it, to invest in the inventory for the product. It can sometimes be easier to look at this from another viewpoint. Imagine that you are preparing to invest money into a stock or bank. If the account manager tells you that you will get a 5% return on your money with one investment or a 50% return on a different investment, you would be smarter to go with the 50% return investment, correct? It is similar with products on Amazon. We want to strike a proper balance between Net Profit dollars and ROI percentages. This is what separates exceptional products and average products.

 

    The final question you’re probably asking about Weekly Deals is, now that you’ve found some products that you want to purchase, how do you determine the quantity to purchase? The answer is no more than 5 to 10 per arbitrage product. It is important to remember that arbitrage selling is dependant upon constantly rotating out products so we never want to have a large inventory of any one product. Many retail stores have maximum order quantities as well which will prevent you from ordering dozens of units of a product and not all stores have these limits posted. If you buy 5 to 10 units and find that they sell out quickly and there is still a demand for more of that product, then simply reorder 5 to 10 more from the retail store and send them in again. Doing it this way ensures that you are unlikely to have maximum order restrictions placed upon you and you will be able to remove yourself from a product quickly if and when demand or prices for that product change.

 

    We hope you’ve found this tutorial on using the Weekly Deals on Investible helpful and that it will inspire you to go out and add products to your Amazon store today. Remember to check the site every Monday morning for the new list every week. We would like to wish you good product hunting out there![/vc_column_text][vc_btn title=”BACK TO WEEKLY DEALS” style=”classic” shape=”square” color=”black” align=”center” css_animation=”flipInX” link=”url:https%3A%2F%2Finvestible.io%2Fweeklydeals|||”][/vc_column][vc_column width=”1/6″][/vc_column][/vc_row]