Online Arbitrage 101, Amazon Selling, How to Sell on Amazon, Online Arbitrage Sourcing to Sell on Amazon

Online Arbitrage 101, Amazon Selling, How to Sell on Amazon, Online
Arbitrage Sourcing to Sell on Amazon WHAT WILL BE COVERED IN
TODAY’S TRAINING Online Arbitrage (OA)Basics How To Source Manually
How to Source Using Tactile Arbitrage (TA) Software How To Source
Using OA Lead Lists How To Ship Items Yourself How To Use a Prep
Center How to Use RevSeller Additional Tips and Sources What is
Online Arbitrage (OA)? It’s a simple way to make money on Amazon by
shopping online, in your pajamas if you want, at any hour of the
day, right from the comfort of your home. This basic and
straightforward method is called Online Arbitrage. With Online
Arbitrage, you can shop for your inventory on your computer at
home-and then sell this inventory for a profit by listing it on
Amazon to ship to customers directly, or send to Amazon for FBA
service. Online Arbitrage is a legitimate business model that can
be profitable and successful. It is making money from a price
difference between purchasing physical goods from an online source
at a lower cost and reselling these same goods for a higher price.
Sourcing is done online, and this inventory is sold online. If you
add some outsourcing-you could run your entire business without
seeing or touching a product. If you also use FBA-you may never
even talk to a customer. Exciting isn’t it? Basic Steps of OA: 1.
Go to a retail website. 2. Search for items that you can buy for a
lower price to resell on Amazon.com for a higher price. 3. Order
those items and have them shipped to you or a prep center. 4. When
your shipment arrives at your prep center or your home inspect your
items. 5. List your new inventory on Amazon. 6. Manually fulfill
your orders or ship them to Amazon for FBA services. PROS There is
an abundance of inventory to source from. It’s always open-you can
shop all hours. Quantities are higher than what is available at
physical stores. Your items are conveniently shipped and delivered
to you or your prep center. Easy to scale because of the
opportunity to purchase large quantities of diversified inventory.
CONS There is a learning curve so some time has be invested. Need
to understand how to interpret data to make good buying decisions.
Can’t see expiration dates for grocery items. Items may arrive
damaged. To make money shopping online-you need to know your
numbers. You need to buy items at a lower price to resell at a
higher price. Enough of a price difference to cover your inventory
cost, all your fees, prep costs, shipping costs, and be left with a
profit for yourself. Here are the numbers you need to think about
when looking for inventory: · The total cost of your purchased
inventory including tax and shipping. · Amazon fees (about 30% for
FBA and 15% for just listing on the marketplace for MF) · Shipping
costs to Amazon for FBA or direct to your customers for MF · The
retail price on Amazon If you take the Amazon retail price and
subtract the expenses, and there is still money left over, that is
your profit. We will discuss this later-but you can use Amazon’s
profit calculator as well as RevSeller to do the math for you.