Hello everyone,
I'm new to Amazon FBA and I have a few beginner questions.
I've watched a lot of your videos and I noticed that you mainly show Online Arbitrage. However, I also watched another Amazon FBA YouTuber who does IRL sourcing vlogs in grocery stores in the United States. He seems to be very profitable just by scanning products directly in stores and analyzing them with SellerAmp.
- My first question is: can this strategy be just as profitable in Canada? Is it realistically possible to find products with 100%+ ROI on a regular basis by spending hours scanning products in grocery stores, or is the Canadian market very different from the U.S.?
- My second question is about BSR. I know sales speed depends on many factors, but can BSR alone give a rough idea of how quickly an item will sell if everything else looks good? Is there any rule of thumb that experienced sellers use?
- My third question is something I don't really understand. How is it possible that some people struggle for months to become profitable, while others seem to find 100%+ ROI products during their first weeks or even their first month (worst case)? Is it mostly because they are not sourcing correctly, not putting in enough work, or is there something else I'm missing?
I watched a lot of Amazon Trapper's videos, and in his vlogs he makes it look almost easy to find profitable products. That's why I'm wondering if the same thing is possible in Canada if I spend hours on stores or if the opportunities are much more limited.
Thanks for any insights!