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Hello and Thank you for subscribing to the Side Hustle Selling Email Newsletter! Every week, we’ll dive into news, info, tips and tactics on how to win with e-commerce and reselling online.

If you want a side hustle to supplement your income, or scale your side hustle to eventually leave your “day job,” we’ll have content for you wherever you are in your reselling journey.

News & Information

With this first issue of the Side Hustle Selling Newsletter, we think it would be a good idea to review some common terms and acronyms along with the definitions we often come use, or come across when reselling.

• OA - Online Arbitrage
  The method of sourcing, or buying products online to then resell online.

• RA - Retail Arbitrage
  The method of sourcing, or buying products at a local retail store to them resell online.

• Seller Central
  Amazon's platform for sellers to manage their accounts, inventory, listings, orders, and customer interactions.

• FBA - Fulfillment by Amazon
  Inventory is shipped to Amazon warehouses and orders are fulfilled by Amazon

• FBM - Fulfillment by Merchant
  Inventory is held at your own warehouse, or home, and you (the merchant) fulfills the orders

• ASIN - Amazon Standard Identification Number
  A unique 10-character alphanumeric identifier assigned by Amazon to each product listing on its platform.

• SKU - Stock Keeping Unit
  A unique identifier assigned to each product to track inventory and sales.

• UPC - Universal Product Code
  A standardized barcode used for tracking trade items in stores.

• Buy Box
  The section on a product detail page where customers can directly add items to their shopping carts. Winning the buy box is crucial for maximizing sales on Amazon.

• Walmart Marketplace
  Walmart's platform that allows third-party sellers to list and sell products alongside Walmart's own inventory.

• WFS - Walmart Fulfillment Services
  Similar to Amazon FBA, WFS is Walmart's fulfillment service that handles storage, packing, and shipping for third-party sellers.

Winning Product of the Week

Title: Starbucks French Roast, Intense & Smoky, Dark, Whole Bean

Platform: Amazon

Cost: 17.99

Selling Price: 35.99

Margin: 20% / $7.10ea

Tip or Trick of the Week

A winning product can be found all around you. It can be the most boring and everyday items we use. Toothpaste, Coffee, Tea, Hair Dye, Razor Refill Cartridges. It can be anything, and everything we use day to day.

I sometimes joke, “Always be sourcing.” Basically this is a way that during your day to day activities, spend an extra 5-10min to look through a clearance or markdown area of a store. If we had to stop at the grocery store, and happen to find marked down cereal and granola bars to sell for a profit. Or, If we’re at the drug store. For example, we’ve found cooler bags! Always Be Sourcing.

Q&A

Every week we answer a question or two from social media or our subscribers.

This week, we got the question:

Good Question from subscriber, Antonio!

There are a lot of variables that can go into what type of margin we look for when reselling. It goes without saying we try and get as much as we can. As we’ll explore in future newsletters there are 50% or more margins that can be made! However we set our ballpark margin at around 18% to 20%. This can also depend on selling trends and quantity. For example, if you are selling hundreds or thousands of units per month, then perhaps 8% to 10% maybe perfectly fine depending on the selling price.

There are software tools, platforms and resources that will help us determine if a product is profitable and what margins can be. We’ll cover these in future issues. The Amazon Seller app can work, with their Revenue Calculator this can be a good place to start. We’ll cover this in greater detail as well.

Thank you! We appreciate your support. If you found this helpful and may provide value to others, please forward this to your friend, colleague, neighbor or family member!