Table of Contents
1. Introduction
2. My Experience with Retail Arbitrage on Amazon
3. Sourcing at Marshalls and TJ Maxx
4. Dealing with Glitches in the Amazon Seller App
5. Using Scoutify for Sourcing
6. Importance of Shoe Boxes for Selling Shoes
7. Gating and Approval Process for Selling Brands
8. Understanding Buy Box Statistics on Amazon
9. Replenishable Items and Hidden Gems
10. Tax Exemption Benefits at Marshalls and TJ Maxx
11. Conclusion
Introduction
Hey there! Welcome back to another exciting Amazon selling video. If you're new here, my name is Nikki Kirk, and I've been selling on Amazon for seven years now. Retail Arbitrage has been my longest and most fulfilling job, and I'm thrilled to share my experiences with you. Today, I'll take you along on my sourcing trip to Marshalls and TJ Maxx. But before we dive into the details, let's address a minor hiccup with the Amazon seller app.
My Experience with Retail Arbitrage on Amazon
For the past seven years, I've been fully immersed in the world of Retail Arbitrage on Amazon. It has been an incredible journey, filled with ups and downs, but the thrill of finding profitable products never gets old. I've honed my skills over the years and developed a keen eye for spotting hidden gems in stores like Marshalls and TJ Maxx.
Sourcing at Marshalls and TJ Maxx
Today's sourcing trip takes us to Marshalls and TJ Maxx, two popular retail stores known for their discounted products. While my main focus is on finding profitable items, I also have some errands to run for my new office space, the Barn Shop Warehouse. So, it's a slightly shorter sourcing trip for me today.
Dealing with Glitches in the Amazon Seller App
As luck would have it, the Amazon seller app is currently experiencing some glitches. This isn't the first time I've encountered this issue, as it happened last year too. The problem lies in the missing fees, making it challenging to estimate profits accurately. To overcome this hurdle, I'm relying on Scoutify, a reliable alternative for sourcing. I start by scanning products on Amazon to gauge their potential, and then I switch to Scoutify for a more detailed analysis of profitability.
Using Scoutify for Sourcing
Scoutify, an app developed by Inventory Lab, has proven to be a valuable tool in my sourcing arsenal. It seamlessly integrates with my inventory management system and provides comprehensive data on product profitability. While I don't use Scoutify extensively, it's a reliable backup when the Amazon app isn't functioning optimally.
Importance of Shoe Boxes for Selling Shoes
When it comes to selling shoes on Amazon, having the original shoe box is crucial. While TJ Maxx doesn't always provide boxes, Marshalls takes it a step further by cutting off the box lids. It took me some time to realize this practice, but now I know better. To sell shoes as new on Amazon, the box and lid must be intact. This attention to detail is especially important during the holiday season when customers expect their purchases to be in pristine condition.
Gating and Approval Process for Selling Brands
Navigating the world of brand restrictions and gating can be a bit tricky. While I'm generally ungated for brands like Under Armour, there are specific items within those brands that still require approval. It's essential to understand the different gating processes for various brands, such as Adidas, which has both an Adidas brand and an Adidas Originals brand. Being aware of these nuances helps avoid potential roadblocks in your selling journey.
Understanding Buy Box Statistics on Amazon
The buy box is a coveted spot on Amazon, as it significantly impacts sales. While many sellers believe that lowering prices is the only way to win the buy box, that's not always the case. By analyzing buy box statistics on Keepa, you can identify instances where Amazon doesn't share the buy box with other sellers. This knowledge allows you to maintain higher prices and still secure the buy box, maximizing your profits.
Replenishable Items and Hidden Gems
During my sourcing trip, I stumbled upon some fantastic replenishable items. These are products that consistently sell well and provide a steady stream of income. Additionally, I came across a few hidden gems
