WELCOME!

Welcome to the Internet Mastery Global Newsletter!

We have been asked for years to create a powerful weekly newsletter… and now, it’s finally here! We are super excited to welcome to you to the ultimate resource for everything eCommerce, Amazon and AI related content!

Each week you can expect an article, a video and a “joke of the week”.

Weekly Training Video

It seems as if the number one question people ask when they start selling on Amazon is product sourcing related. “Where will I find product to sell”? Perhaps it’s “I’ve tried finding profitable items but it’s harder than I thought it be.”

Check out this quick 7 minute video to help with your product sourcing strategies:

Retail Arbitrage Strategies:

1. Product Research Using SpyRivals: Start by employing SpyRivals to identify products that are already selling on Amazon. Only purchase items that are already on Amazon to ensure they are already selling . Look for products with high demand but limited competition, and use SpyRivals to monitor price histories and velocity rankings on Amazon.

2. Sourcing Products for Amazon Arbitrage: Source items from retailers who offer them at a lower cost than their average selling price on Amazon. Focus on finding deals through clearance sales, wholesale discounts, or even retail stores. Ensure the products are new, as Amazon has strict policies on product conditions, especially in categories like health and beauty.

3. Calculating Profit Margins for Amazon Sales: Use SpyRivals to help calculate potential profits, factoring in Amazon’s fees (such as referral fees and FBA fees if you opt for Fulfillment by Amazon), shipping costs, and product costs. This calculation is crucial to ensure that each item you plan to sell will yield a worthwhile profit after all expenses.

Congratulations!

We are super proud of the Internet Mastery Community - now surpassing more than $170,000,000 in sales on Amazon.

Check it out for your self here: https://app.internetmasterycommunity.com

Joke of the Week:

Try not to laugh out loud…

Upcoming Events

Join us for our next IM Live event where hundreds of Internet Mastery Community Members will discover the latest advanced strategies, insights and updates to scale their online business.

These events happen 3 times each year!

Join us in person or virtually - get your tickets here: https://www.internetmastery.live

Amazon Seller News & Policy Updates

Amazon has introduced a range of new options regarding Unfulfillable Inventory, offering sellers more opportunities to make the most of their unsellable items.

Previously, when inventory fell into the Unfulfillable category due to issues like product damage or packaging damage, the usual course of action involved creating a removal order to call back the inventory or disposing of it at an Amazon warehouse. Failure to take action in these cases would result in ongoing storage fees for inventory that might never find a buyer.

Now, Amazon has introduced a streamlined approach with a variety of step-by-step options, providing you with more choices and the potential to turn unsellable inventory into revenue. Here are a few options:

• Refurbishment: Explore the possibility of refurbishing damaged items, making them sellable once again.

• Grade and Resell: Assess the condition of your inventory, categorize it based on its state, and consider reselling items that are in acceptable condition.

• Liquidation: Opt for liquidation if you have a surplus of items that you'd like to sell at a discounted rate, allowing you to recover some of your investment.

• Removal: Choose to have your inventory removed, but be aware that this option involves costs.

• Dispose: Dispose of items that can no longer be used or sold, again with associated costs.

While removal and disposal options may incur expenses, the exciting part is that refurbishment, grading and liquidation offer potential revenue streams from inventory that may have otherwise gone to waste.

Love Internet Mastery? Let us know!

Please leave us a review - we would love to hear from you!

That’s all we have time for today!

Stay tuned - each week we’ll uncover strategies and updates to help you grow and scale your ecommerce business!

Knowing No Boundaries,

Internet Mastery Newsletter Team!

© Internet Mastery 

By reading this, you agree to all of the following: You understand this to be an expression of opinions and not professional advice. You are solely responsible for the use of any content and hold Internet Mastery and all members and affiliates harmless in any event or claim.

Copyright © 2011+ Internet Mastery. All Rights Reserved.

To make sure you keep getting these emails, please add us to your address book or whitelist us.  If you don't want to receive any other emails, click on the unsubscribe link below.