Secret Sauce #2: Beginner Tips
Ungating Mistakes, Shipping Templates, Naming SKUs
The following is only for paid members. If you’re not a member, go back to Secret Sauce #1 to see if the subject is something you’re interested in. If you aren’t delving into Retail Arbitrage or Reverse Sourcing Online Arbitrage, then Secret Sauce #2 isn’t for you.
Secret Sauce #1: Speed Kills & Money Loves It
First and Foremost Learning this skillset is similar to working out and getting in the best shape of your life. There are no shortcuts. The work must be done. However, the knowledge you have dictates the quality of your work, which dictates the speed at which you accomplish your goals. You can work out every day, but if you have poor form, a bad program, or poor recovery habits, then you may never reach your goals, whereas someone with the best knowledge, the key exercises and form, along with good recovery habits, might only work out two days per week and attain the physique you wish you had. The same can be said of this skillset. Knowledge is the critical difference in between being able to source profitable items vs. not being able to find them. However, even without that knowledge, you can still discover a profitable item that sells so fast you’d never be able to keep up with demand on your own. While rare, it has happened, but that item may run out of demand or supply eventually, and you’d have to start over, whereas someone with the knowledge of how to interpret the data and purchase accordingly, find discounts or suppliers, as well as organize a system and duplicate that over and over again with both year-round and seasonal items, will eventually be able to grow and leverage himself out of doing everything on his own by delegating those responsibilities.
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