finding products to sell on amazon can
sometimes be long and stressful which is
the reason why in this video i'm going
to be sharing with you guys one easy way
to find products and more specifically
retail arbitrage products if you're new
around here my name is chatting and i'm
a 22 year old uni student who loves
hustling and on this channel we talk
about money mindset entrepreneurship and
everything around that so if you enjoyed
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video i really appreciate it as it would
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it will allow this video to reach out to
more people so the normal way to find
retail arbitrage product to sell on
amazon is by going to a physical store
or maybe going to an online store and
going through each and every product
scanning it on the mobile phone to check
if this product is selling at a higher
price or not now the problem with this
is that you have to go through so many
products in order for you to find that
one good product and if you're doing
retail arbitrage to specifically go to a
retail store to find a product
now if i told you there's a tool which
could help you get rid of all these
problems and basically do product
research from your home from your own
comfort by going through a list of
products which are potentially good
products i personally use this to to
find products and i'll be using this
exact method on my 100 to 10 000 pound
challenge which if you guys haven't
checked out the first episode is already
out you can go check it out right here
now let me hop onto the laptop and show
you guys what exactly i'm talking about
and how it works and just tell you guys
why it's so great so this is the tool
i'm talking about which i use to find
products now you guys might be like how
the hell do you pronounce this name it's
actually profit tool so it's p r o f i t
and then else or profit tool you can do
profitable whatever you want to say but
it's basically profit tool i've been
using this app for nearly over two
months and this app basically allows you
to
analyze the product as well as find the
product so it's basically all in one
package so once you have found a product
how do you know if it's going to sell or
not this app will allow you to help and
check that too and i will show you guys
exactly what i mean one great thing
about this app is that it also has this
scan feature and basically you can go
and use this specific app in stores
everywhere and basically open the app
and start scanning and it will show you
if this product is selling how much is
it selling on amazon and whether it's a
good buy or a bad buy or an average buy
let me quickly log in to show you guys
how the app actually works so now i'm
logged in and as you can see on the
right hand side you can see track
account settings and i'll go through
that everything in a bit but i'm going
to quickly show you guys what i meant by
analyzing the product where they will
sell or not so with profit tool they
have an analyzer and i'll quickly show
you guys how it works so you can either
scan or use an async if you have a
mobile phone you can directly scan or
you can put the ace in here of the
product so i'm on amazon and i'm quickly
going to grab an async of a product to
show you guys how exactly this works so
i'm going to quickly get the asim which
obviously if you guys don't know what an
async is don't worry i'm not going to go
too much in detail right now but i'll
simply put the acing off the product and
i'll put how much i can get this product
for so the asin is from amazon and it
will automatically collect how much it
makes how much it's selling on amazon
and everything and i have to put in the
amount i can buy the product for from a
retail store or wherever i can buy it
from so let's say i can get this
specific product for five pounds from a
shop
or from a retail store i simply press on
calculate and it will give me all the
analytics so basically this is selling
between ten thousand times to thirteen
thousand times every single month
the price it's selling at is 19 pounds
and 50 pence the estimated amazon fba
fees which amazon will take is four
pound and 62 pence the estimates that
referral fee which is what again amazon
charges is two pound and 92 and the
estimated v8 which amazon charges is
152. so this here right here is overall
how much amazon charges for you to sell
that specific product now here is how
much profit you're making so this is all
calculated will you you don't need to do
anything you just put the ace in and how
much you bought the product for and as
you can see
in the load price graph it will
basically this price graph basically
tells you how the price of the product
has been over time whether it's gone
very down or not now this part here our
rating there could be three ratings poor
buy average buy and a great buy now as
you know poor buy means shite
and great buy means yes this product
will sell and down here it will tell you
if it's a gated category hazmat or
potentially oversized product so this is
basically
everything you need to know in order for
you to see if that product is going to
sell or not now again even profitable
the best analyzers in the world no one's
ever ever gonna be able to predict if
that product is the best product or not
you just have to do your due diligence
before you buy the product in order for
you to make sure you know that yes this
product is selling and it's gonna sell
so i have i still make mistakes i'm just
telling you what this product tells you
i mean what this tool tells you and yes
this tool does not give you the most
accurate numbers and everything but this
tool definitely helps you to know that
okay there is profit to be made the
product is selling the price graph is
like this and everything which you need
to know now at this point you guys must
be thinking jets where is the way to
find products now here it is so on the
side as you can see deal sheets now deal
sheets is something which basically
tells you by the name it's basically a
excel sheet with potentially good
products now not all products are good
but it basically has products which are
probably good products so you're
basically going through a list of
products which
aren't like you're going through a
retail store where you don't know if
that product is going to sell or not on
the deal sheet you could actually see a
lot more details so i'm going to quickly
show you guys in baby so you can see the
supplier of the product
the product name the amazon link the
name on amazon the async which i told
you guys you can use the purchase price
the amazon price the sales rank so it
basically tells you everything you you
need to know before you scan the product
so if you're looking at a product and
you're like oh yeah look at this baby
pampers or pampers baby dry this is i
can buy this for nine pound and sell
this for 21 pounds so probably this
profit to be made within these deal
sheets so base this is the reason why
it's so much better so much easier to
find products using deal sheets rather
than going through a retail store or an
online store i'm quickly gonna go
through the deal sheet and show you guys
how easy it is to find products using
this all right so i've just found this
specific product and i've checked it on
here now this product i could buy it for
eight pounds from the entertainers the
toy shop and i can sell this exact
product i was just checking everything
to confirm i can sell this product the
cheapest i can sell this is the buy bot
if you guys don't know what i mean i can
tell that later but the cheapest which
is going is 16 pounds so if he was to
analyze this using the analyzer right
here let's put the async of this product
which is again this
so we're going to put this ace in right
here and we're going to put how much we
can get this forward so we can get this
for eight pounds and then we just need
to press calculate it to see how much is
selling so as you can see it's already a
sick product because look it's selling
180 to 390 times the price which you can
buy for 17 pounds and 48 but let's say
it causes 16 pounds we take that out and
we make that one pound less so after all
the vats and taxes the fees
we can make three pound and sixty four
pence so if you minus one pound that's
two pound and sixty four pence if i was
to sell
ten of these that's around twenty pound
profit if i sell twenty it's only 180
times so let's say we sell a hundred
times in a month so 100 times
2.50
that's 250 pounds profit for you just
for selling this product and the buy is
a great buy as well it is a gated
category so to get ungated you need to
buy 10 items off that specific product
or maybe a product within that category
and get invoice for that product so most
likely you to buy from a wholesaler i'll
explain more on how to get ungated in a
different video on my youtube channel if
you guys want that let me know in the
comment section and i can make it so
this is basically the reason why i just
showed you how easy is to find products
using profit tool rather than going to
physical stores now guys i do use profit
tool and i do have an affiliate with
them you can use this code right here to
get five pounds off on your subscription
it does cost you but i'm telling you
jungle scout costs more than this and it
doesn't allow you to it doesn't give you
a deal sheet where you can simply go
through and analyze the product so i use
this if you want to use it you can use
this discount code to get five pounds
off i think that's around 10 pounds
because if you get the deal sheet i
think it cost around 35 but with my
discount code you can get it for 30
pounds and no
it's worth a pound but you can get it
for 25 and the profit will analyze it
for 30 but with five pounds off you can
get 425 so you can get 10 pounds off
forever lifetime free so if you want to
go check it out the links in the
description the first link click on it
and you can sign up and let me know how
you basically find it they also have a
discord server where you can simply
speak to the actual people and they will
help you to get started as well which is
why it's a great community and that's
why i'm an affiliate with them and i
respect what they do and i just love
using the two now if you want to start
selling on amazon and you have no idea
where to start you can start with this
course where i've basically shown
everything you need to know how to start
from scratch till the ending of
everything you need to know and if you
want to see me make
to ten thousand pounds i have just
started a series which you can go check
out here and if you're new on there
don't forget to like and subscribe and i
hope you enjoyed this video i will see
you in another video take care and peace