After graduating high school Garret Rozell got a job at FedEx. He figured it was decent enough money but then he came across a Reezy Resell YouTube video about flipping books. It changed his money mindset and he started doing that on the side by buying cheap books at bookstores and Goodwill then reselling them for a profit online. That led to him doing retail arbitrage, private label, and now mainly wholesale and online arbitrage. He teaches it all in his new online course, scroll down for my full Amz Arbitrage University review.
Garret says the first you should do as an Amazon seller is get ungated in as many categories and brands as you can. Luckily, you don’t have to jump through nearly as many hoops today as he and others had to back then. All the best products and brands like groceries or nike or adidas, are all ungateable. And inside his Amz Arbitrage University you’ll get hand held step by step.
You should also get the Keepa software app as soon as you can too according to Rozell. It’s a neat little browser extension that gives you all the important information about an FBA product you’d be interested in. You’ll get stats like it’s average sale price, volume, how it ranks, and how many other sellers have checked it out. And if all the numbers fit in Garret’s golden zone, it’ll probably be a good product for you to start with.
“A third tip,” Garret elaborates, “is just staying on top of your account health. A lot of people that get into Amazon don’t know how crucial this is. So this is, like, if you have an inauthentic complaint, making sure you respond to it. If you have a bad review, making sure you appeal it and try to get it removed. Staying on top of inventory metrics. Making sure you’re following all the rules. When you’re sending shipments into Amazon, you’re not using oversize boxes that are dinging your account. Things like that.”
Honestly it sounds pretty simple right? So then why do so many people fail at this Amazon stuff? Garret will tell ya it’s because people quit too soon. If they’re not a millionaire after a week or two, they shut down altogether. Are you like that type of person? Just know it’ll take some time to get it off the ground and there’s definitely a learning curve. To be honest, you should be willing to wait a solid 12 months to see if it pans out. If you can’t, it’s probably not the business model for you. You’d be better off falling for another get rich quick scheme.
So how much money to get started with Garret’s model? Well you’ll probably be relieved to know that it isn’t $10,000+ or something like that. You could realistically get a solid start for about $1,000. Just start reselling things like video games, books, and anything cheap that people like to buy. If you have a bigger nest egg somewhere you might be able to hop straight into the retail arbitrage, wholesale, or even online arbitrage. Basically what I’m getting at is that this can work for just about anyone in any financial situation. Don’t let capital hold you back.
And lastly, watch out for paralysis by analysis. Pay attention to your fba mentor, get tunnel vision, and get to work. If you take in anymore information it’ll be like trying to drink water out of a fire hose. If you think Garret has what it takes to be the mentor you trust, be ready to hand him $497 for the Amz Arbitrage University program. He says he’s gonna race the price soon too. But if you want better margins and less competition…maybe you’ll like the solution I have below.