21 tips for Online Arbitrage on Amazon
We gathered a list of 21 simple tips for successful Online Arbitrage on Amazon. Don't forget the main rule of OA - "Buy lower and sell higher".
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We gathered a list of 21 simple tips for successful Online Arbitrage on Amazon. Don't forget the main rule of OA - "Buy lower and sell higher".
We gathered a list of 21 simple tips for successful Online Arbitrage on Amazon. Don't forget the main rule of OA - "Buy lower and sell higher".
1. Don't invest too much at the start.
2. Always do a proper research before any purchase.
3. Look for product you can sell off quickly (look for decent positive product reviews and a good seller ranking).
4. The more research you do, the higher are your chances of success.
5. Focus on positive reviews first. Sales will follow.
6. Try to find items at half of their current Amazon price.
7. Monitor your stocks.
8. Make sure you are not competing with Amazon (Use "Non Amazon only" filter at ASINSpotlight to remove such products).
9. Label your items according to Amazon requirements. (More details here⇒)
10. Observe the trending items on Amazon and/or eBay.
11. Respect Amazon policies. Don't try to cheat.
12. Walmart and eBay are good. But other arbitragers look there as well. Consider other retailers and niche stores.
13. Try to maximize the discount you are receiving.
14. Use ASINSpotlight to speed up your searches.
15. Bear in mind that prices can change unexpectedly.
16. Use ASINScope to convert ASINs to UPC, EAN, MPN etc. Sometimes its faster to find an item by its code than by its name.
17. Don't sell counterfeit. You could be sued for trademark infringement.
18. Avoid major brands.
19. Use social networks to drive traffic to your items.
20. Try different niches. You may lose many opportunities if you concentrate on one niche.
21. Be patient and persistent.
Good luck!