Hi fellow fastlaners, I have learned a lot from all of you and I thank you for that.
In the past 6 months I have really gotten into selling on Amazon using FBA. I temporarily store all of the inventory at my house which I then box up and ship off to different warehouses for Amazon to sell.
As I've been increasing the inventory that I sell, the amount of inventory that I am storing at my house in between shipments has increased dramatically. At first, I was just stacking inventory in the corner of my office. A few weeks ago I installed a shelving unit, and now I have added another unit. Pretty soon I will need to move operations to my garage.
I am doing retail arbitrage in the US and I hope to switch to 100% private labeling within the next 6 months. Retail arbitrage seemed like a good way to raise the initial capital and learn Amazon's process before launching a product.
Anyway, I have found that inventory management has been a learning process although I really enjoy the obstacles I'm facing as sales are growing. I still have a full time job, but I hope to be full time selling on Amazon by the end of the year.
I ran into this link that has a good basic overview of inventory management: http://www.clearlyinventory.com/inventory-basics
It's pretty basic stuff, but very useful as your inventory levels begin to rise. If anyone has any other resources, I'm really enjoying learning about this stuff and would appreciate the suggestions! Thanks!
In the past 6 months I have really gotten into selling on Amazon using FBA. I temporarily store all of the inventory at my house which I then box up and ship off to different warehouses for Amazon to sell.
As I've been increasing the inventory that I sell, the amount of inventory that I am storing at my house in between shipments has increased dramatically. At first, I was just stacking inventory in the corner of my office. A few weeks ago I installed a shelving unit, and now I have added another unit. Pretty soon I will need to move operations to my garage.
I am doing retail arbitrage in the US and I hope to switch to 100% private labeling within the next 6 months. Retail arbitrage seemed like a good way to raise the initial capital and learn Amazon's process before launching a product.
Anyway, I have found that inventory management has been a learning process although I really enjoy the obstacles I'm facing as sales are growing. I still have a full time job, but I hope to be full time selling on Amazon by the end of the year.
I ran into this link that has a good basic overview of inventory management: http://www.clearlyinventory.com/inventory-basics
It's pretty basic stuff, but very useful as your inventory levels begin to rise. If anyone has any other resources, I'm really enjoying learning about this stuff and would appreciate the suggestions! Thanks!
Dislike ads? Become a Fastlane member:
Subscribe today and surround yourself with winners and millionaire mentors, not those broke friends who only want to drink beer and play video games. :-)
Access Restricted: Unlock 1,000,000+ Posts
Stop Peeking Through the Keyhole.
Open the Door.
You hit a wall because the best advice isn't free—it's earned. Since 2007, MJ DeMarco has been active here daily (99.9% active rate), building a war room for entrepreneurs who refuse to settle for mediocrity.
- Active Daily: Life-changing content posted dozens of times every day. No dead threads.
- MJ's Inner Circle: Direct access to the author of The Millionaire Fastlane.
- Vetted Network: Connect with founders scaling to 7 and 8 figures.
- Proven Roadmaps: Strategy over motivation. Execution over "hustle porn."
"SCALED TO 6-FIGURE MONTHS"
"Tips and advice here saved me from huge mistakes, others allowed me to scale my business to 6-figure months."— User MitchC
"INSANE QUALITY OF PEOPLE"
"The number of high quality people I've met from this forum has been insane. All of it predicated on building real value."— User Richard Peck
"You are the average of the five people you surround yourself with."
Are you surrounding yourself with success?
