One of the easier strategies is with something called Online and Retail Arbitrage.
This is when you physically buy products from regular retail shops and resell them on Amazon for a profit. What?! Yep…its called being an Amazon reseller. Let me explain…
Do you ever walk down the discounted isle in a shop or find something that is cheaper than it usually is?
If the product is in a New condition and not broken or missing any parts, then you can potentially buy this and resell it on Amazon and make a profit.
This is a very simple way to explain retail and online arbitrage and there are lots of factors to consider, but it is a very straightforward strategy that people are using to make money selling on Amazon (myself included).
As a reseller, you do not have any creative rights to the product, but if the product is in the Amazon catalog, then you simply list yours along with other resellers.
If you do your research, find the right products, commit some time and effort to caring for your business, you can make hundreds or thousands of pounds per month by selling on Amazon — even as a new seller.
Is It Easy To Start?
If retail arbitrage sounds appealing to you, but you have no idea where to start, i fully recommend you take a course on becoming an Amazon Reseller.
Yes, there are lots of YouTube videos on the subject, but these can be misleading and hard to piece everything together. To speed up the process, a step by step course is the best option and you’ll get full support along the way.
Details of the course i took can be found here. This link will take you to a FREE 90 minute training session.
If you’d like to see Retail Arbitrage in action, then check out my YouTube channel. I’m not comfortable in front of the camera, so bare this in mind!
This article is a gem. I’ve bookmarked it for future reference. Thanks for the valuable insights!