Are you looking for online arbitrage leads? If so, then you're in luck because OA Hunt is giving away 10 free ones every Friday! Just sign up for their email list and you'll be entered into the weekly drawing. 45 winners will be chosen at random and emailed the free leads. You are automatically entered into every drawing until you choose to stop.
What is Amazon FBA?
If you're visiting this page then you likely already know what FBA is and maybe you even have signed up for an account. Just in case let's clear the air by stating that Amazon FBA is THE BEST way to earn money online. By utilizing Amazon's vast network of warehouses and staff you have access to the world's largest online retailer network right at your fingertips!
But do you have all the leads you can handle buying? Do you have enough time to source the leads you need every day?
To learn more about the various ways that Amazon can help your side hustle raise more income check this out.
What is Online Arbitrage?
Online arbitrage is the process of finding online marketplace price discrepancies between two different sites. This is often extremely successful when using Amaon's FBA network as your reselling platform. Name of the game: buy at a low price and resell for a higher price! This is mainly done with physical goods that are either shipped to your house or picked up in-store. You can find online arbitrage opportunities on websites like Target, Best Buy, And Kohls.
For A full breakdown of what exactly online arbitrage is please check out our article What's Online Arbitrage? The Art of making money on Amazon in 2021
How do you find products for online arbitrage?
There are many ways to find these marketplace discrepancies. A few of the most common include:
1- Using software like Tactical Arbitrage
2- Manual searching from source sites to Amazon
3- Reverse searching from Amazon to source sites
4- Using a sourcing list (aka lead list)
All of the methods above can yield incredible results once you become a seasoned arbitrager.
*Is reselling legal? Check out our article "Is online arbitrage legal? All you need to know!" to find out
One of my favorite methods is using an online arbitrage sourcing list. This is a list of some profitable products and data points delivered to you so you can review and purchase if desired. The products on the list are typically profitable and have been sourced from online marketplaces. The data points usually include the price of the product, the expected profit, and the estimated sales per month. If you have 5 minutes feel free to dive deeper into the topic in the article "What is an online arbitrage sourcing list?"
Call me biased but I think online arbitrage leads lists are an incredible tool to help you build your inventory and scale your business. BUT you should have reasonable expectations before you purchase one. We wrote an entire blog post about this!
Don't forget that once you sign up to OA Hunt's mailing list you will be entered into their weekly giveaway where we give 10 FREE ONLINE ARBITRAGE LEADS away every single Friday.
Is online Arbitrage the same as Retail Arbitrage?
Some people view online arbitrage and retail arbitrage as two sides of the same coin but there are some key distinctions. They are very similar but the main difference is where you're doing the sourcing from. Retail arbitrage is physically going into stores to find the pricing discrepancies while online arbitrage is doing the same thing, from the comfort of your pajamas and couch.
Let's take a look at a few advantages of online arbitrage
- You can do online arbitrage from anywhere in the world as long as you have an internet connection. This is great for online entrepreneurs who want the ability to source from anywhere.
- Extremely scalable business model and easier to outsource
And a few advantages retail arbitrage offers:
- Retail arbitrage usually has higher profit margins. This is because retailers typically have lower prices at brick-and-mortar stores.
- A seemingly endless amount of products to scan for potential profits!
- You have your products in hand when you spend your $, making the turnaround time for your profits often much quicker.
Summing it up
Whether you're already a seasoned seller or just getting your FBA business started, online arbitrage is a great way to make money on Amazon in 2021. There are many ways to find online arbitrage opportunities, and using a sourcing list is one of the best methods. Online arbitrage's main advantage is the ability to do it from anywhere in the world and the scalability of the business model. If you're interested in online arbitrage, be sure to sign up for our mailing list to be entered into our weekly giveaway of free online arbitrage leads! Thanks for reading!