19/05/2023
🚨 Updated Budget Breakdown of Wholesale and Online Arbitrage for 2023:
One-time fixed expenses:
LLC Registration = $200-$500
Physical Address /Year = $100-$150
EIN Number = $100-$150
Business Bank Account (Fin-tech) = $50-$70
Website:
Domain and Hosting: $50-$200 /Annum
Professional Email: $30- $50 /Annum
Vyke Number: $16 /Year
Monthly fixed expenses:
Amazon Professional Account = $40
Software Tools (Keepa, FBA Toolkit, FBA Calculator / seller board / IP Alert) = $19-$40 / Month
VPS: $20
Utilization of Budget:
· Typically it takes to 2-3 months for the utilization of the budget and be ready for wholesale purchase
· Utilization of the Budget is divided into two months:
1st Inventory - This is highly variable, based on your goals, budget, and strategy. It can range from even $3k-$4k all the way to the top.
· If you’re doing OA and Wholesale then you should do Online Arbitrage for the first 2 months. In that time you should continue reaching out to brands. Two months are enough for approval from brands for reselling their products.
After two months finally, we got approved by some brands for reselling their products, and purchasing cost for wholesale depends on the brand’s MOQ.
Benefits to do Online Arbitrage with Wholesale
Online Arbitrage is a Quick way of making a profit you should find a product in a day, source and ship it in a week, and the product will be live on Amazon in 15 days. Wholesale takes time to make a profit but this is a long-term project but much safe as compared to private label and online arbitrage. So our successful and tested strategy is to do wholesale and online arbitrage, making a profit from the first month.
Regards
Team Management Amazon Hub