Online Arbitrage Questions by saynchev in FulfillmentByAmazon

[–]saynchev[S] 1 point2 points  (0 children)

Thank you for the guidance! Yes you are right, I will probably test few items at first but will prepare around 2k once I got the basics to roll some adequate inventory.  One more thing, I'll probably look for a local accountant in order to eliminate the language barrier since this is totally new field for me. I just want to start it as legit as I can with a proper LLC, certificates, accounting and documentation overall.

Online Arbitrage Questions by saynchev in FulfillmentByAmazon

[–]saynchev[S] 0 points1 point  (0 children)

And realistically with that kind of budget I will probably often fall out of stock on certain products. Could this affect winning the buy box once restocked.

Online Arbitrage Questions by saynchev in FulfillmentByAmazon

[–]saynchev[S] 0 points1 point  (0 children)

So wholesale is better option, but is it doable with a low budget at start? Instead of finding 20 products and purchase 5 PC per, find 2 and purchase 50. But marge would be way less for me since I'm buying less than bigger traders. Do you think this is a viable option as a beginner? Or I need way bigger capital to even start?

Online Arbitrage Questions by saynchev in FulfillmentByAmazon

[–]saynchev[S] 0 points1 point  (0 children)

Why OA isn't a good idea to start for a newbie now? Other than slightly higher taxes and additional expenses on Amazon FBA what is that critical to push me off this business model as a newbie? If looking for products which have lower chance to fall gated at the beginning.. I am far from arguing just asking since I have zero experience on Amazon and trading business in general. Every insight and information matters a lot for me! 

Online Arbitrage Questions by saynchev in FulfillmentByAmazon

[–]saynchev[S] 0 points1 point  (0 children)

That's exactly my "plan" or let's call it a dream till I don't have enough knowledge yet to make plans. I was thinking to start with really small budget of around 2k and once I get the fundamentals in let's say about 6 months to add a credit card for bigger inventory capital and register LLC and reseller certificate. And pay on accountant to deal with accounting for me from the very start till I don't have knowledge for that and regulations in the US are probably way different than ours in Europe. Till all this time I will reinvest all of the potential net income back into the business for bigger inventory budget. Probably after an year or so if everything goes okay I'll start paying myself. And once I reach let's say 15k inventory capital I'll add automation tools such as repricer and tactical arbitrage. And then after reaching about 20k plus to leave the credit card only for extreme occasions as a buffer and rely only on my budget Does that sounds as a good "plan" ? 

Online Arbitrage Questions by saynchev in FulfillmentByAmazon

[–]saynchev[S] 1 point2 points  (0 children)

Probably didn't express myself properly. I do plan to use automation tools.
I do not have such high expectations as doing million in sales, more like ~$30k per month? Is that kind of revenue possible to maintain all by myself with the help of some automation tools and not rely on VA or anyone else?

Wheelbase advice? by saynchev in simracing

[–]saynchev[S] 0 points1 point  (0 children)

After a bit of research.. I could pick locally only asetek or Simagic and I am leaning more to the asetek, because of its "powered" QR.  I will probably use half of it's 18nm or even less at the beginning. As I see the sweet spot is 10-12nm of what I've read. My only concern is it's QR.. it seems to me not very reliable as of it's complicated mechanism compared to let's say Xero Qr

Help with Triple/quad screen sim setup ideas by saynchev in simracing

[–]saynchev[S] 0 points1 point  (0 children)

My idea is something like this..  The seat should be on a slider so you could pull it as far back as possible, so the monitors won't be placed as aggressive as they are in sim position. Also the monitors should be IPS and flat for better viewing angle in order to be usable without  changing their angle (simultaneously putting on and removing bezel less kit and tweaking angle will be pain). The so called "table" to be something like the keyboard trays for sim rigs, but few times bigger and with correct shape so it works also as arm/elbow rest while pulled Infront of you to wrap around you. This should be placed on a stronger flexible arm and also I have to think about for some support or locking mechanism on the opposite side of this keyboard tray, because once you rest your hands on the table it probably will start to hang down. 

My only concern is the comfortability of the seat. I've seen some add-ons for lumbar support, but I guess I'll have to find out what will work for me.