what's going on youtube welcome back to
debt to dollars where we teach you how
to take side hustles
and turn them into financial freedom so
today i have a pretty interesting video
topic for you guys today
and it's out of the ordinary for what we
typically focus this channel on
and that is how to sell an existing
product on amazon
so typically our amazon tutorials are
focused on
receiving a private label product from
our supplier overseas
and then we put our brand on it and we
resell in the the us market or the uk
market in mexico and so forth
and today i want to teach you guys how
to take existing products
it could be used goods or use products
that you have just lying around that you
want to sell
or there could be some you know some
discount that you saw at target or
walmart
and you bought a bulk majority and now
you want to resell them for market price
or a higher price on amazon
so i'm teaching you guys how to do that
today and make sure that you guys stay
until the end because there's a tip of
advice i'm going to give you guys
that can save you a lot of money because
there's actually some restricted
products
and limitations on what you can and what
you cannot sell on amazon so stick
around for that i'll make that very
clear and simple
so you know exactly before you you sell
an existing product on amazon
if you're actually going to be able to
sell it all right so we're going to jump
over the computer here
and we're going to be using these two
products so this is a used book
that i've read and so now i want to
resell on amazon so just like reselling
things on ebay
we're going to take this book and we're
going to look for an existing listing on
amazon and resell it
and then secondly we're going to take a
look at this jbl charge 4 speaker
and see if we can actually sell this on
amazon alright so let's jump to the
computer and we can get started
alright so the first thing that you need
to do is you need to go ahead and go to
your amazon
seller central i have plenty of videos
if you don't already have an account
you can watch those videos on how to
create an account and how to get started
selling on amazon
but at this point i'm assuming that you
already have an account and you can get
to this page
so once you're at this page you want to
go to inventory up the top here
and then you want to go down to add a
product and click that
and this is going to bring up a product
search bar where you can type in the
product name
so for example we could type in the
book's name how to be a capitalist
without any capital
we could type in the upc the universal
product code or
any other type of unique identifier such
as the ean isbn or the
asin and so the easiest thing to do is
look at the back of the book or the
product that you have
and you'll see the barcode there so this
barcode is actually your upc
number and that's what we're going to
type in to find this book and see if
there's actually an existing listing on
amazon
another thing you can do you can just
type in the title and i'm sure it will
come up
so i'll show you guys how to do it both
ways we'll start off with the title here
so we'll type in how to be a capitalist
without any capital
as you see it popped up right away so
there's already an active listing
and again another way that we could have
done it in the search bar
which we'll just go back here we'll type
in that upc
so the bottom of that barcode you'll see
a number and so we're going to type that
12 digit number in
978.0525.53440.
so you type that in and there you go
there's actually two listings but if you
look on the right here
only one's actually available and active
and that's the top one here
so now we want to go ahead and do is we
want to add our product to that existing
listing
so what we'll need to do is we need to
go to the right here where it says
select a condition
as i mentioned this is used you also
have some other options
depending on the product that you want
to sell you're going to see a different
amount of options here
sometimes there will be a refurbished
option as well as some other options
like here you can see there's a
collectible one
so pick the condition that your product
is currently in for us it's
used and the type of advice i want to
give you guys is
always look at this show limitations so
once you
click this drop down to the right here
it's going to tell you what you can and
cannot do
so for this it's saying that for the
refurbished condition you are not
approved to list this product and we are
not accepting applications at this time
and so this is very important and if i'm
going to go out to target or walmart and
purchase some products to resell for
for some profit on amazon i'm going to
go find the upc or
find the product name and type it in
here beforehand and go down to where it
says
show limitations when we get to the jbl
speaker you'll eventually see that we
can actually sell that
and that's because you actually have to
be a brand owner or you have to have
approval from the brand owner
be in jbl to actually sell that product
so that is going to be the make or break
thing that will either allow you to sell
this on amazon or will prevent you from
selling on amazon
so for us fortunately we can sell in the
used position
so what we'll do we'll go ahead and
click sell this product
and then i'm actually going to jump back
and just show you guys what it looks
like for the jbl speaker here
so it's jbl speaker same thing if you
look somewhere on the box there's going
to be a barcode
they actually have a bunch of barcodes
here i know you can't really see that
too well
but the upc is on here the ean the sap
which i'm not
entirely sure what that is so we're just
going to type in the upc and it will
eventually pop
up here so that's zero five zero zero
three six
three five three four zero three and
once you type that in there's one list
in here
and as i mentioned always go down to the
right hand side where it says
show limitations now if we click this as
you can see there are more limitations
for this type of product
for the larger products like electronics
it's very difficult to resell them
especially for more established brands
so here it says we cannot sell this
product as a collectible or a
refurbished condition
and to the bottom here under new
condition which more than likely you
would be selling this new
uh you need approval to list this in
this brand
and the second one says here you're not
approved to list this product you will
need to contact the brand owner be in
jbl
or whoever that parent company is to
become an authorized seller of this
product on amazon
if you're an independent seller like me
you have no shot of
selling this product brand new now that
does not stop you from selling it used
but it does stop you from selling it new
to really flip the product if that's
what you wanted to do with it
so now you guys know that always check
that out before you go out to buy a
product just to resell it on amazon
all right so we're gonna jump back to
the book listing so this is the active
listing on amazon right now
if you want to take a look at that
active listing you can go ahead and do
so
there's a link right there where it says
view listings on amazon
and then you get an idea of what the
current sellers are currently selling
that product
at as well as how many sellers there are
and all that information is going to be
on the right side here
i'm not gonna get in too much detail on
the active listing uh because it also
tells you right here
so it says 31 new from 1545
and 26 use so these are our competitors
with the used right here
and they're starting at 9.36
so it gives us an idea of you know what
we can actually price this book as if we
want to be competitive in that market
so the first thing we want to fill out
here is the seller sku and this is
really your stock keeping unit
how are you going to identify this book
or this product that you're selling
amongst all the other products that
you're selling
i usually just try to do something very
simple here so i'll put
a capitalist book because
i really only have one that's that's
like this and next is your price
think of something competitive again the
lower end of this is 9.36
if you want to get an idea on the spread
you can come here where it says
hardcover and click the 26
used it's actually showing that the the
lowest one is
dollars and thirty something so get an
idea of what they're selling at
and also decide how quickly you wanna
sell this if you want ten dollars for
this product you might have to wait a
while for the demand to increase the
supply to go down
but for us i'm gonna price this
somewhere in the middle between nine and
seven dollars so right around
six dollars and ninety nine cents
and then we list it for use there's a
couple different options for use
it can be acceptable condition good very
good like new
use your best judgment the last thing
you want to do is put a like new
condition and then someone receives your
used product
and they send it back to you because by
then you've already eaten a chunk of
capital for
shipping that product to them and also
receiving it back and now you're back at
square one
so make sure you're you're just
transparent on the condition of this
now this book cover it is a little bit
bent as you can tell here so i'm not
going to say it's like new
however there's no markings in the book
there's nothing that would
obstruct the user from actually getting
getting the knowledge that's in the book
and so i'll put good condition somewhere
in the middle there
next is going to ask you your
fulfillment channel are you going to do
an fbm or an fba that's merchant
fulfilled or fulfilled by amazon
since i only have one product that
doesn't really make a whole lot of sense
to send this to amazon to have them
fulfill for me
it's just added cost and if it's just
one product like this book
i don't mind doing that by myself so
i'll do merchant fulfilled here
save a little bit more money and then
it's going to ask you your shipping
options
so take a look at these figure out
what's best for you
and what you can do given your area as
well as what location
you plan to ship to so i'll just do what
the standard is standard us domestic
and then click save and finish all right
there you have it guys
so in about 15-30 minutes you should get
approval and then you become
an active seller for that existing
product and as you can tell it's really
really simple to actually sell an
existing product
on amazon i primarily only do it for
used products
i do not go the route to actually go out
to retail stores and purchase products
to try to flip them on amazon
it's a very difficult set of skills that
you need to learn
and it's not as easy or beginner
friendly because you really have to work
closely with your profit margins
if you enjoyed this video make sure to
go down below and hit the like button as
well as comment let me know what you
guys learned from this video and what
you want to see
going forward on this channel i
appreciate you guys watching and i will
catch you all
next time