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- Jul 1, 2023
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Hi guys,
A few weeks ago I started working on my latest project, and I will chronicle my progress here to help keep me more accountable.
The project is to use a lot of automation and a bit of logistics to do retail arbitrage between Amazon regions on different continents. This is not a new business idea, and actually there are about 20-30 players doing the same thing in my market. Some of them I even know personally and professionally. But I think I can create an advantage because none of them are technical and they have to outsource their development, while I think I can do it much better myself.
Basically I have to write automation software that manages millions of listings on Amazon to maximize sales. Additionally, my logistics costs have to be low enough that I can compete.
Three weeks ago, starting from nothing, and having never used Amazon's Selling Partner API before, I sketched some architecture and started work:
Anyway, I'm currently measuring my progress with the number of 'BuyBox Winners', which means that my listing is the featured listing on the page, and it is actually visible to potential customers.
On Monday I had 142 BuyBox Winners. Right now (Saturday night) I have 27,567 BuyBox Winners, with 20k of those added today.
And I have one sale so far, which is nice, but that isn't the focus right now.
Maybe 27k sounds like a lot, but this is on 126k listings and I understand that my competitors have 2-3 million. So I'm not at their scale yet.
My goal for the week (by tomorrow) is to hit 50k BuyBox Winners. The system is on pace for that in its current state. So tomorrow I will do some cleanup of my codebase and make a plan for next week.
A few weeks ago I started working on my latest project, and I will chronicle my progress here to help keep me more accountable.
The project is to use a lot of automation and a bit of logistics to do retail arbitrage between Amazon regions on different continents. This is not a new business idea, and actually there are about 20-30 players doing the same thing in my market. Some of them I even know personally and professionally. But I think I can create an advantage because none of them are technical and they have to outsource their development, while I think I can do it much better myself.
Basically I have to write automation software that manages millions of listings on Amazon to maximize sales. Additionally, my logistics costs have to be low enough that I can compete.
Three weeks ago, starting from nothing, and having never used Amazon's Selling Partner API before, I sketched some architecture and started work:
- In the first week I made something that searched and profiled new products to add. I also sourced logistics partners and set up SOPs
- In the second week I did the automated listing creation and launched it last Thursday night
- And this week I optimized the throughput of the system, fixed lots of bugs, and created some UI for myself to monitor things
Anyway, I'm currently measuring my progress with the number of 'BuyBox Winners', which means that my listing is the featured listing on the page, and it is actually visible to potential customers.
On Monday I had 142 BuyBox Winners. Right now (Saturday night) I have 27,567 BuyBox Winners, with 20k of those added today.
And I have one sale so far, which is nice, but that isn't the focus right now.
Maybe 27k sounds like a lot, but this is on 126k listings and I understand that my competitors have 2-3 million. So I'm not at their scale yet.
My goal for the week (by tomorrow) is to hit 50k BuyBox Winners. The system is on pace for that in its current state. So tomorrow I will do some cleanup of my codebase and make a plan for next week.
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