Searching for profitable products to sell on Amazon? Have you heard of an online arbitrage?. Did you know that you can make money on Amazon by buying online from your couch?
Yes, you can, with online arbitrage you can purchase inventory at your comfort and sell it on Amazon for profit.
Online arbitrage is something you can do from just anywhere, as long as you have internet access. Let’s dive deep into this concept.
WHAT IS ONLINE ARBITRAGE?
If you’re already familiar with Retail Arbitrage, then you will probably have a good understanding of Online Arbitrage.
With Retail Arbitrage, you buy products at brick & mortar stores like Walmart and resell those items for a higher price.
With Online Arbitrage, instead of sourcing inventory from the physical locations of retail stores, you order those from their websites.
Online arbitrage is the act of buying items from online retailers (like Walmart or Target) and then selling them via different marketplace like Amazon for a profit.
HOW TO GET STARTED WITH ONLINE ARBITRAGE?
Online Arbitrage helps you to make money on Amazon when you buy items at a significantly lower price compared to what you will sell them in a different marketplace.
The first step in getting started with an online arbitrage is setting up an Amazon seller account. If you don’t already have an Amazon selling account, you’ll need to go ahead and set one up.
With an online arbitrage, the first step is to go to any of the retail websites and see if they had any sales going on for your desired product.
Then you need to see if that item is also on Amazon. If it is, then copy the product name from the website and paste it into the Amazon search bar.
Match your product with an amazon products. Sometimes it’s trickier to find the right product, that’s when searching by UPC code helps.
Not all retail websites will list a product’s UPC code. But when they do, it’s the best way to find a true match on Amazon.
You’ll need to repeat this process for every product you find on a retail website. If you find this process a bit time-consuming, I will recommend you to use a free tool.
If you found a profitable product to sell on Amazon, it’s time to place your order.
When your inventory arrives from the website, unpack the items, list them on Amazon, and then ship them to an Amazon Fulfillment Center.
You can prefer using Amazon FBA, it will store, pack, ship, handle customer returns, and service for you.
While selling products on amazon, don’t forget to ungate it from the restricted categories. Amazon has put certain restrictions on certain categories.
Start selling with online arbitrage and earn more profit.
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