If I am a Canadian Citizen and also a US Resident, what are the tax implications of selling products online; specifically on Amazon.

A good starting point for determining valuation is 3x your annual profits. That said, you may find a 1 - 2X variance up or down depending on the type of product(s), the category or categories you sell in, your total number of SKUs, etc.

Book arbitrage can be a great way to make extra income with Amazon FBA but it's not for everybody. While I don't have specific experience with the program you posted, I looked at the web page to see what they are all about. First, the link opened 10 identical browser tabs which is pretty suspect and feels spammy. Their program is specifically geared to finding cheap books on Amazon that have few or no FBA sellers. You buy the books and relist them as an FBA seller at a higher price then pocket the difference. I don't have any experience with this type of arbitrage so I can't say if it's a profitable method. If you're just starting out, I would go to places like library book sales and Goodwill to find cheap books. There is a big movement right now for college students to find alternative sources for textbooks since they can be extremely expensive. This is an excellent opportunity to find cheap textbooks locally and sell them on Amazon. You make money and the buyer saves money vs. buying from a bookstore. If you're considering buying this program, I would strongly recommend doing more research as there is a wealth of free information out there on book arbitrage.

Compared to other business ideas, yes it is easy but it's not 'push-button' as many experts would have you believe (as they pitch you their $5,000+ training/services to help you). Selling products on Amazon is a business and the more you treat it like 'your baby', the much higher chance you will have with success. Also buying products in bulk and rebranding them (this is called 'private label' or 'white label') is just one of 25+ ways to get products to resell on Amazon. For more free information than you'll ever need to get started, check out my resources page at: http://jordanmalik.com/blog/resources (especially near the top under 'Amazon - Free Beginner Help'. Also (if you're interested in a high-quality, low price course to help you along), check out my free review guides/comparison charts of the world's best Amazon seller training at: http://jordanmalik.com/blog/asm and http://CourseComparo.com .... Good luck!

First, avoid UPC codes. They're expensive + cumbersome + Amazon no longer uses them... or rather... even if you have a UPC code, you'll require replacing these with the Amazon AISN number assigned you. https://www.gs1us.org - UPC Mafia, where you purchase UPC codes. More important is a high throughput multicolor printer (to print ad-hoc labels) + a barcode reader device, to ensure your barcodes are accurate (can be read by Amazon barcode scanners).

Besides being trained in the best keyword ranking techniques, you need to have just the right product. Easy to manufacture but not too easy to knock off. Otherwise you will find yourself ranking and then immediately getting chased by others willing to go leaner on margins. Product sourcing and design/development can be the differentiator that allows you to stay in a product category for much longer and really get a good ROI.