I know you are planning to sell on Amazon. But have you done research?
You’ll be confused about choosing your business strategy, right? Then this article is for you.
Because I’ve explained the two different business models to do reselling on Amazon. By the end of this article, you can get a clear picture of reselling on Amazon.
2 STRATEGIES TO HELP YOU!!
After a lot of research, you might have found your target audience’s tastes. So the next step is to sourcing products, right?
Now tell me how you’ll source the products; through OFFLINE OR ONLINE?
Well, let me explain both.
1. RETAIL ARBITRAGE
” RETAIL ARBITRAGE ” may sound like a new term to you.
But it’s a really simple business where you’ll purchase products from retail stores at a discounted price and resell them on Amazon with a higher profit margin.
In this case, you can visit your favorite stores, like Target and Walmart, and get products that are on clearance sale or closeout.
Wanna know the price difference? You’ll be eager to know the profit margin, right?
Then look for the price of that product on Amazon and compare it with your purchase price. For sure you’ll be wondered about the price difference.
If the price difference is reliable, buy it and resell it. This is the exact business.
By that time you would have planned to buy and resell more quantity, right? That’s obvious. Then try the wholesale method.
When the products are at discounts, buy a large number of products and resell them. This is another diplomatic way to earn faster.
As you know, the more you purchase, the more discounts you’ll get. Of course, it’s an additional advantage.
And, you can bargain to get the products at a lower price, since you’re buying in bulk.
Make sure the products you buy in bulk are really a requirement for Amazon customers. If not, then you’ll have to store the products at your own place. It will lead to loss.
So please do field research on the demand and selling rank of the products.
Estate sales, thrift stores, consignment shops, auctions, and more places where you can buy second-hand items are a good source for finding products at a lower price.
Pathetically, many sellers assume that they should only sell new items. But you can resell used items on Amazon.
Thrift stores usually provide discounts for specific items daily. But the major inconvenience in this is, you will have to visit the thrift store more often, depending on the products you’re planning to sell.
An alternative option is, when it comes to sourcing at your local stores for inventory, better try to shop at surplus stores and stores that are under liquidation.
2. ONLINE ARBITRAGE
Don’t think that wholesale stores, thrift stores, surplus stores, and stores at liquidation are limited to just retail arbitrage. You can find them on Online Arbitrage too.
Online Arbitrage Amazon is quite similar to retail arbitrage. The only major difference is sourcing online.
Like retail arbitrage, you can buy products from online stores and sell them for a higher price in Online Arbitrage.
So easy, right? But how could you source 1000s of online stores at once, and find profitable products?
I’ve made it even easier for you, by recommending Amz Online Arbitrage.
With Amz Online Arbitrage, you can get a list of all the products that have a higher ROI ad good BSR.
I hope now you got a clear view of retail arbitrage and online arbitrage. Though they are good business models, they are not quite suitable for the long run.
However, you can earn more profits in a short time by these methods. All you need to do is just plan and source.
You’ll have to invest more time rather than more money. Or you can take shortcuts like arbitraging tools.
Get more informative tips about online arbitrage on Amazon Seller Talk.