Online Sourcing Strategies by Jessica Larrew Complete Review

April 25th, 2014

I have had several requests from readers asking me if I had a chance to go through the latest product released by Jessica Larrew.  In the past couple of days I have gone through all of the information and will be sharing a review in today’s post.

The product is titled Online Sourcing Strategies: A Video Course for Amazon Sellers by Jessica Larrew and Matt Carlett.  This product consists of 14 separate videos that in total are around 2 hours of footage, a couple of downloadable files, and many links to websites that they are using to help them source online.  Each video is about a separate topic related to sourcing online.  Both Jessica and Matt are full time FBA sellers and both do a significant portion of their sourcing for inventory online.

A little background about my online sourcing experience before I get into the review.  In the month of March I spent about $3,500 in products purchased online to resell, which represents almost 30% of my total spending on inventory for the month.  The amount I have been spending on inventory purchased online has been about 20-30% of my total spending on inventory since I started full-time back in September.  So, I wouldn’t consider myself an expert at online sourcing, but I am far from a beginner as well.  Keep my experience level in mind as I go through this review.

The first video discusses some of the perceived pitfalls of selling online and a brief discussion of why it works.  One important thing to note is that Matt is generally looking for a minimum return on investment of 50% when sourcing online.  This is not to say that you can’t get 100% returns when sourcing online, it’s just that he is willing to go down to 50% returns since there is less work involved as the products are shipped directly to your door. After this video there is a downloadable PDF that includes some recent products that Jessica and Matt have sold successfully that were sourced online.

The next 4 videos go over tools that Matt and Jessica are using to help them source online and how to install and properly use each one.  Prior to going through the videos I was already using 3 of these 4 services, but the one that I was not using has already (in the 24 hours since going through the course) helped me to identify 2 different products that I have purchased that I should be able to sell for a decent profit.  These 4 videos go through step by step how to use each tool.  This is pretty basic info if you have already used them, but if you have not used them before then they are great.  So in my case I found 1 of the 4 videos to be very helpful, and the other 3 to be re-emphasizing what I already knew.  This may not be the case though if you have not sourced online before.

The next 4 videos go over some tips and tricks of online sourcing, and goes over Matt’s strategies for purchasing products from both amazon and eBay to resell on amazon.  There are some good strategies in these videos for finding products to purchase, particularly on eBay and amazon, to resell.  I spent over $1,500 on purchases from eBay and amazon last month alone for products to resell, so I knew much of this information, but this video covers several of the strategies that I am using, and I can attest to the fact that they are profitable strategies.

The 10th video covers 5 websites that often share deals that have resale potential.  Prior to watching the videos I was aware of all 5 of these websites, but I was not utilizing them in the manner that Matt discusses.  All 5 of the sites do help to locate deals, and I have purchased items for resale from 3 of the 5 sites shared (prior to going through the course).

Next, there is a downloadable excel file that shows how Jessica and Matt keep track of their online orders.  My current system of keeping track of all of my online orders is pretty lackluster, so I am definitely going to try out the file they are using.

The next 2 videos discuss ways to lower your cost of goods through cash back sites and per the sales page “Jessica’s favorite way to save extra cash on your finds, and where to look for these special savings.”  I won’t give away what this method is as it’s not stated on the sales page, but it’s something that I have not been utilizing properly when I source online.  I was previously aware of some of the sites mentioned in these 2 videos, but not all of them, and the new information learned will allow me to save a significant amount at certain stores that I purchase from regularly.

The last 2 videos discuss ways to outsource the entire process of online sourcing from finding items to sell, to actually processing the products to send into FBA.  I have not utilized any of what is discussed in these last 2 videos to this point in my business, but it’s definitely some food for thought, and I will likely be trying out these strategies in the future.

That covers the course, so what does this course cost and what are my overall thoughts?

This course is fairly expensive with a price tag of $57.  is it worth it?

Personally, I felt like about 70-75% of this was information that I had already learned from my own experiences sourcing online.  The remaining 25-30% that I learned will definitely help me earn significantly more than the $57 price tag in the coming months.  The 2 main things I learned that will help me to do this are: a free tool that helps me to identify items to resell, and a great way to lower my cost of goods (I was aware of something similar, but not the particular resource I learned of which is better).

I think this course is tailored more to someone who is just getting started with online sourcing.  If you have minimal experience sourcing online, then I think this course would be great to help you find all of the tools that you need to source online and gives you an idea of how to identify deals.

I am 100% confident that the new information I learned in through this course will allow me to earn many times over the $57 it cost.  With that said, I still walk away wishing it would have a slightly lower price tag.  I think the reason for that is that most of what is shared in the course are ways to use free resources.  I suppose I wish I could have found them myself without going through the course.

I am a fan of ridiculous analogies, so here’s how I look at it.  Let’s say you want to try out the Paleo Diet and are looking for the best recipes for meals to make.  Here are the 2 most likely options as I see them:

Option #1: you search through free recipes online from various websites and pick 14 recipes for your meals for the next 2 weeks.   You go to the store to buy the ingredients, prepare all of the food, eat the food, and then clean up the mess you made cooking the food.

Option #2: you decide to buy a Paleo Diet cookbook from one of the top cookbook authors related to the Paleo Diet, one with a customer review rating of 4.8 out of 5 stars based on 842 customer reviews (book actually exists).  You go through the same process of buying, preparing, eating, and cleaning up as in option #1.

So, it seems like you go through the same basic steps in both options, but let’s look a little deeper.  In option #1, I am willing to bet that of the 14 recipes you picked from free resources online several of these meals did not turn out very well.  Leaving your cooking skills aside, this is likely due to having several recipes that just weren’t very high quality.  In these several meals (let’s say 3 or 4) that weren’t very high quality the time you spent buying the ingredients, preparing the food, eating the food (because you have to eat it if you made it, even if it’s not good), and cleaning up, the time spent going through this process is essentially wasted (yes it was a learning experience, but could it have been avoided?) since the result was not desirable.

Now, let’s say you choose option #2 and select 14 recipes that look good from this top Paleo cookbook that you purchased.  I am not going to claim that you won’t end up with any low quality meals from going through this cookbook, but I am willing to bet that it would be less, let’s say 1 or 2, compared to the 3 or 4 picking from the free online recipes.  In option #2 less time is wasted because fewer undesirable outcomes were reached.  The main reason for having more desirable outcomes in option #2 compared to option #1 is due to the fact that you purchased tried and true recipes from an expert in the Paleo Food recipe business.  By spending some money up front you are able to save yourself from wasting time trying out recipes that just aren’t very good.  So is it worth buying the proven cookbook to avoid some undesirable experiences? Unfortunately, I can’t answer that for you.

When you really boil  it down (pun intended), the Online Sourcing Strategies videos are Jessica and Matt’s tried and true recipes for sourcing online successfully.  In the videos they are laying out what they have learned about sourcing online in a way that others can learn from and replicate.  They have gone through the bumps and bruises of learning online sourcing by sorting through all of the various resources out there, and now they are sharing their successful strategies so that anyone who purchases the course can accelerate their success sourcing products online.

While I would have liked to see it come in at a slightly lower price tag, I don’t think it is very likely that you would go through this entire course and not increase your profits by many times the cost of the course.  With that said, I don’t think this course is absolutely necessary for success sourcing online.  You could definitely learn many of these strategies through trial and error, it just depends on if you would rather go through trying yourself, or paying to see methods other successful sellers use.

If you are interested in purchasing this course, HERE is a link to the product detail page.  In the interest of full disclosure this is an affiliate link and if you purchase through it I will earn a commission.  The price is exactly the same using this link, and if you choose to purchase through the affiliate link, I truly thank you.

If you have any questions or comments please leave them below, or send me an email at grant.ryanj@gmail.com.

 

 

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34 responses to “Online Sourcing Strategies by Jessica Larrew Complete Review”

  1. Rob says:

    Hi Ryan,

    Is this course useful for people living in the UK?

    • Ryan Grant says:

      Hi Rob,

      I would imagine that it would be helpful for those living in the UK. They tailor it more to the US, but I think that the majority of the tools could be applied in the UK as well.

      Best Regards,
      Ryan

  2. chad says:

    Are the 4 tools they teach about all free to use?

    • Ryan Grant says:

      Hi Chad,

      The 4 specific tools that they mention in the videos are all free. Just about everything mentioned in the course is free, with the exception of some of the outsourcing strategies. All of the tools that I have been using from it and will start using as a result of it are free tools. Let me know if you have further questions.

      Best Regards,
      Ryan

  3. Rob says:

    What other sources do you utilize for finding products to resell on amazon and Ebay?

    • Ryan Grant says:

      Hi Rob,

      My primary source of products is retail arbitrage, so the bulk of my sourcing is purchasing product from large national retailers. Some examples of stores that I am purchasing from are: Wal-mart, Target, Kmart, Shopko, and many others. Let me know if you have further questions.

      Best Regards,
      Ryan

  4. Lei says:

    Ryan,

    Thanks for taking so much time to do such a thorough review. I’d say this is the best of your reviews to date. I appreciate your honest input of the pros and cons of the course. Your desire in helping others always come through loud and clear. I’ll definitely consider buying the course through your affiliate link.

    Have a wonderful weekend!

    Lei

    • Ryan Grant says:

      Hi Lei,

      Great to hear you found the review helpful! My goal with the post was to provide the information needed to help everyone make an informed decision about if this course is right for them or not.

      Hope you have a great weekend!

      Best Regards,
      Ryan

  5. Mike says:

    Ryan,

    What is your time worth? For someone without your online sourcing experience how long, and how much would it cost in terms of time and actual money spent, to gather all the information contained in the course?

    The course, as described by you, is a bargain at $257, let alone $57! AND, that is a tax deductible business expense.

    As someone who has spent thousands of dollars on seminars, books, audios, and various other self improvement and business teaching tools, I can tell you that investing in yourself and your business is the wisest thing one can do.

    * I am in no way affiliated with Jessica Larrew and Matt Carlett and receive no compensation or consideration for their product. I have not purchased or reviewed the materials referenced.

    Mike

    • Ryan Grant says:

      Hey Mike,

      You make some excellent points. For someone without my level of experience it would very likely take a significant amount of time to learn all of the strategies to source online and that the $57 would be money well spent for most individuals interested in sourcing online. I would definitely agree that investing in yourself is one of the best things to do, and is very worthwhile. My goal with this review was to be as objective as possible while providing as much information as possible, to allow individuals to make an informed decision.

      Thanks again for your input!

      Best Regards,
      Ryan

  6. Ron says:

    Thanks for a lot of Great information !!!

  7. Matt Carlett says:

    Hey Ryan, I want to thank you for reviewing the course. I really appreciate it and I have to say I am a fan of your blog. Your posts are always so detailed and packed with great info. Thanks again and keep up the awesome work. – Matt

    • Ryan Grant says:

      Hey Matt,

      No problem! Congrats to you on being a part of this course as I am sure that it will help many people (including me) really up their game sourcing online.

      Thank you for the kind words about my blog as well!

      Best Regards,
      Ryan

  8. Mark Dacoron says:

    Just found your site like 2 weeks ago and really love the content. Do you find yourself using sites to find products online through any wholesale type lots? Just wanted to see your input on them.

    • Ryan Grant says:

      Hi Mark,

      Great to hear you are enjoying the content! Currently the online sourcing that I have done are primarily retail. Lately, I haven’t ventured into purchasing items by the lot online. It’s something that I will likely be exploring, but at the present time it’s not part of my strategy.

      Best Regards,
      Ryan

  9. Juliet says:

    I found your review helpful, and convincing, so I bought the course through your affiliate link. I hope you do get credited for it. Sometimes it’s hard to know if that sort of thing actually worked.

    • Ryan Grant says:

      Hi Juliet,

      Great to hear you found it helpful! I did receive credit for an affiliate sale for this product right around the time you posted this comments, so I did receive it. Thank you very much for going through my link and following up to make sure that I received the commission! 🙂

      If any questions come up, please let me know.

      Best Regards,
      Ryan

  10. Carol says:

    Ryan,

    Thanks for the great review. I purchased this course last week and find it informative. I decided to follow the tips given in the course and was able to source about 3 toys that I hope to sell with a 60% ROI. I ordered about 10 of them as this is my first shipment to FBA and I want to test the waters.

    Unfortunately, I couldn’t find any good deal through the websites mentioned in the course. I spent about 3-4 hours sourcing online, going through clearance, exclusives, etc…but couldn’t find a deal that was better than Amazon or gave me at least 50% ROI.

    With your experience in sourcing online (retail), how much time do you spend browsing the web and how often do you find a good deal online? When you do find one, do you buy the entire quantity or just a few? Also, how can someone build a good inventory if there are so few deals out there with a decent ROI?

    Just to check how it works in-store, I spent about 30 mins in my local TOys r us memorial day clearance section. I know it’s not a lot of time but I had my hyper active toddler with me! (one reason why I was pulled to the online sourcing possibility) I scanned about 40-50 toys and not one of them were priced cheaper than Amazon or gave a decent return. How does one find a lot of inventory to sell at a good profit?

    • Ryan Grant says:

      Hi Carol,

      When I am online specifically looking for deals, I normally find at least a couple for every hour I spend sourcing online. Initially, it’s hard to find them but after awhile you will know what to look for and get more efficient. Depending on how many are available, I may buy them all. I normally buy at least 5-10 of each item that I find when sourcing online.

      As for building an inventory, it takes time and gaining some experience. I will say the deals are out there and if you keep looking you will almost certainly find some.

      As for finding inventory in retail stores, I am planning on releasing a short video course within the next month that explains my retail arbitrage strategy, so keep an eye out for that.

      Best Regards,
      Ryan

      • Caroline says:

        I really look forward to your own video course!

        I was a bit disappointed after spending hours browsing and not being able to find too many deals. However, this course has some awesome tips to save money and I applied a couple of those tips and managed to shave off another 20% from my purchase. 🙂

        Have you ever tried online liquidation/wholesale stores from sites like toptenwholesale.com, etc? Just curious.

        I wanted to enter the gourmet food niche, but as luck would have it, need approval as a new seller. So I am going to explore the toys/baby niche, even though they are highly competitive. Thanks again for the inputs. I will probably update this post with my experience after purchasing this video course. Am gonna need a month or so to do that though 🙂

        • chad says:

          Hello Caroline,
          As a newby to FBA I’ll give you my 2 cents
          On sourcing.

          Toys r us is very challenging and I have stayed
          Away from it early on but I hear when it gets
          Closer to the holidays you can find deals worth
          Taking.

          I have sourcing days where I am picky and don’t fine
          Much and then somedays I find plenty so just
          Keep working at it.

          I have had the best luck starting off with clearance
          At places like wal mart target etc. and have found a
          Wide variety of items to sell.

          I also like discount stores like Tuesday morning th max
          And Ross . I never new these places carried toys until I
          Started doing FBA.

          As far as online sourcing that’s something I find
          A challenge as well but I think once you find out
          What products sell then you will be able to search
          For more specific items and just maybe by more at
          Once to make it worth your while .

          Thanks
          Chad

          • Caroline says:

            Thanks Chad. I will keep your tips in mind. Yes, the more time I spend online, the more I learn on what works and what doesn’t. Great to hear from a fellow newbie 🙂

        • Ryan Grant says:

          It can be a bit disappointing when you are not finding deals, but the more you do this the more you will find. I would agree that the money savings tips are great, and if you combine all of them the course mentions it gets to be a significant amount of savings.

          I have purchased from liquidation.com once about 4 years ago. I didn’t do proper research though, and it turned into a learning experience rather than a profitable experience. So far I haven’t tried any online liquidation/wholesale stores again since.

          That would be great if you could provide an update with your experiences in a month or so!

          Best Regards,
          Ryan

  11. MK says:

    Hi Ryan,

    Thanks for your great and unbiased review!

    Is the course good for someone who wants to buy items from wholesalers and then getting those wholesalers to send the items directly to Amazon for FBA?

    Thanks

    • Ryan Grant says:

      Hi MK,

      You are welcome! This course is not about wholesale at all, and is about buying inventory at consumer based websites (walmart.com). Let me know if you have further questions.

      Best Regards,
      Ryan

  12. Jai Thompson says:

    Hi Ryan,

    Thank you for your review. I am new to Amazon FBA and I am wondering if this course is newbie friendly. If someone knows nothing about being a seller on Amazon using their FBA center will this course show them everything they need to do to start selling by using online sourcing or is this course for someone who already knows about selling on Amazon?

    Thanks and have a blessed day.

    • Ryan Grant says:

      Hello Jai,

      This course is newbie friendly in terms of finding products online to sell via the FBA program, but it does not go into the basics of how to actually send/list/pack your products etc to send to amazon. This course is focused almost solely on how to find products online that would be viable for selling on amazon.

      Let me know if you have further questions.

      Best Regards,
      Ryan

  13. Will B. says:

    It may be the fact that I’ve spoke to you over the phone before, or that you write in such a genuine way, but without a doubt your blog/reviews are the most genuine source of information I’ve come across in the world of online money making.

    There’s never any embellish or a concerted effort to push your own products, instead it just comes across as a honest account of your experience and knowledge in the FBA world.

    Short of buying all the stuff you’ve reviewed to be good, I definitely promote this website to whoever I can that’s interested in this type of work!

    • Ryan Grant says:

      Hey Will,

      Thank you for the kind words, and for passing my blog on to others who may be interested, I really appreciate it!

      Best Regards,
      Ryan

  14. […] This is an adapted version of a post that originally appeared on Online Selling Experiment, you can read the original HERE. […]

  15. Pete says:

    Hi Ryan, thanks for putting up a detailed review on the course. I love your content.
    Using the methods taught in the course, can I source online with a budget of $80-$100? And how effective are the free tools compared to the paid ones you can find online?

    Thanks.

    • Ryan Grant says:

      Hi Pete,

      No problem. Starting with a budget of $80-$100 would be a little light I think, especially if you are going to spend $57 on the course. That’s not to say it couldn’t be done, but it would take awhile to get some momentum starting with that amount. You definitely could, but I would seriously consider investing the $57 along with the $80-100 into inventory either from retail/thrift stores compared to this course, just due to the available budget. Then if that goes well I would consider looking into the course, if you start having more sourcing funds available and are looking to diversify your current methods.

      The free tools are quite effective, and several of them I continue to use regularly.

      Best Regards,
      Ryan

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