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A Journey With Chris Smith

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Presentation on theme: "A Journey With Chris Smith"— Presentation transcript:

1 A Journey With Chris Smith
Ebay selling A Journey With Chris Smith

2 Areas of discussion Disclaimer My Journey (Real Quick) Goal Setting
Arbitrize Tips eBay Selling Tips Other Tips Resources

3 My journey Sold sports collectibles full time on eBay (2004-07)
Middle school teacher First daughter born in December 2010 The Art of Failing Signed up for coaching in October 2012 First sale on December 26, 2012 Turning point (My “Why”) Retired from Teaching in August 2013 Coming up on 3 Years of Being My Own Boss

4 Goal Setting A ship at sea analogy
A Great Goal: Specific time, date & amount (if appropriate) Bad Goal: I want to make more money Good Goal: I want to build my business to be making $1,000 per day in profit by July 31st, 2016 Business Growth Exercise Page 1 – How I am currently performing Store 1 does this, Store 2 does this, Store 3 does this….. Page 2 – Ways I know how to make money eBay / Arbitrize, Shopify, Amazon, FBA, T-Shirts, Author, Blogger, YouTuber, etc. Page 3 – Redefine Goals Individual goals for current streams of income Establish YOUR “Why?” Vision board, “Act as if……” Are you a professional or an amateur?

5 Arbitrize tips Perfect Business Model To Scale Listings Pricing
Arbitrize suggestions posted High sell through ration items Merchant Words / Terapeak Pricing Niche stores are typically less sales but higher margins High Volume accounts are typically lower margin profits on the front end Back End Cash / Gift Card Discounts Back End Cash – Capital One Spark card is 2% (Averaging about 100 per day) Gift Card Discounts – Check with Palmer about current rates Don’t Go Crazy Uploading

6 Merchant words Product Searches Larger Than Next 5 Platforms
Halloween Example Costumes, Candy, etc. Inflatables (high demand) Black cat inflatables Keep Digging Page 120 of Key Word Popular Key Words

7 Business Account Open a “main” Amazon Business Account
EIN needed (free from IRS) Create sub-accounts Multiple for high volume sellers For multiple stores Open a “Retail” Prime Account Share the Prime Benefits with your sub-accounts I use the Gmail +1 trick I use my eBay stores as my Amazon store name. For example: Underwear Surplus Inc Underwear Surplus: for eBay / PayPal for Amazon You are able to edit the “from” in Gmail settings if you need to send an to Amazon Upload resale certificate to your account

8 Ebay selling tips Niche Stores (Branding & Selling)
Logo (Fiverr) Facebook Page Scarcity Tactic / Sales History Out of stock inventory settings on eBay Quantity Manager Optimize Titles Sells 3 times (remove manufacturer’s name / model number (if appropriate) and add features) Add Pictures Google Images, Videos, etc Sell Through Ratio Some people in this group push for an 80% sell through ratio Promotions / Mark Down Manager

9 Other tips Multiple streams of income / Eggs in a basket
Four eBay Stores Amazon Drop Shipper Amazon FBA Seller Made a KILLING on black cat inflatables purchased at Dollar Store Coaching Websites Affiliate Sales Fiverr Sales Be a student of the game Outsource via software or virtual assistants unwanted tasks Pay hundreds per month in automation tools Pay two full time Virtual Assistants Replacemyself.ph Protection Form a LLC Get liability insurance Give back

10 resources Tools (Not Affiliate) Facebook Groups Blogs My websites:
Quantity Manager Merchant Words ($9 per month) Facebook Groups eBay: Thrifting Groups, Drop Shipper Groups & Tools Amazon: Silent Sales Machine, ScanPower Blogs Skip McGrath (eBay) eBay’s Seller Growth Blog The Amazing Seller (Amazon Private Label expert) My websites: ChrisSmithBlog.Com NinjaAuctionSecrets.Com/Arbitrize ($97) ShoeStringSelling.Com/Arbitrize ($197)


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