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Listen "Online Arbitrage 101, Amazon Selling, How to Sell on Amazon, Online Arbitrage Sourcing to Sell on Amazon"
Episode Synopsis
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.
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.
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