My journey into Amazon Arbitrage (and eBay Arbitrage as well) started a few months ago... I have finally listed all the items I purchased as a test.
The listings all started on June 2, 2011 and I've sold 2 items so far.
UPDATE: I've been adding to my inventory and selling stuff now for almost 3 months. August 2011 - I will hit over $1000 in sales! (That's not profit - this is the "gross sales" figure - you have to take out cost of products and fees to find the profit).
First... let me explain ~ Arbitrage ~ (http://en.wikipedia.org/wiki/Arbitrage)
Arbitrage - In this instance - Just means
Buy Low - Sell High
That's it... you have to find "cheap stuff" and sell it to someone who wants it so bad they will pay top dollar for it.
I found that it's easy to BUY stuff - It's much harder to get motivated to SELL!
Once I put my items up for sale on Amazon - I kicked myself because it was so easy and painless. It's much easier to list on Amazon than eBay.
Not knocking eBay - I still use eBay to sell "collectibles" but for new (or slightly used items) Amazon.com is really a nice way to go.
I learned from Deb Henry in Fishing For Niches that buying other peoples stuff for cheap and selling it on eBay or Amazon is a great way to make some fast cash.
In fact - I got so excited I started shopping around online and offline (following Deb's research tips and ideas from Fishing For Niches) and found a few things to "test".
- I'm testing one thing I purchased at the Goodwill store on eBay... not very optimistic about this one.
- I'm testing some things I bought at Goodwill on Amazon.com.
- I tested a product I bought and resold on Amazon for a profit.
- I'm testing a few products I purchased on eBay and are now up for sale on Amazon.
I found my Dream Product to sell on Amazon.com! It's really a surprise and yet so easy... once I put all the pieces I've learned from a variety of sources ~ together.
My Journey Into Amazon Arbitrage ~ How I Found The Perfect Product
You can read all about my journey through this process and the exact product I found to sell on Amazon.com (and why) here:
In this short report I show exactly what products I purchased and where I'm selling them now.
I also tell you a story explaining exactly how I came up with the "Perfect Product" (for me) to sell on Amazon.com and why this product is so perfect for my business. I don't need products that are hard to find and even harder to ship.
This report tells you where I came up with the ideas and who (which expert) gave me the ideas.
It's amazing the ideas you can come up with - just by seeing what others have done that works (and doesn't work).
That's exactly what you will find in "My Journey Into Amazon Arbitrage".
Click On The Buy Now Button
Amazon Arbitrage Has Been Updated Again and Again!
July 16, 2011 and August 17, 2011. I've included every detail about what's happening with my Amazon FBA business... and few more glitches that need to be ironed out.
If you have purchased Amazon Arbitrage before - you can go right into your account at the download center and download the new updated version now.
This "little" report is getting huge! It's already at 54 pages and still growing.
I've also found a great tool that is helping me in my research - it's paid for itself many times over already. You will find that on the very last page.
I've also found some fantastic tools that are helping to speed up the process of everything from buying decisions to listing products and shipping.