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Follow me on twitter to get notified on clearance deals you can potentially resell: http://twitter/flipping_junk Take a look at how easy it is to make when you source bulk clearance to flip online. I'm Wick and I am a reseller. I find things at garage sales, thrift stores, and even retail stores to sell. I do online arbitrage to retail arbitrage to buying locally. While the majority of my business is done through Amazon FBA, I also sell on eBay or anywhere else I can flip the junk that I find. Subscribe and join me on my adventures to see what I can find to make some dollars. Instagram: flipping_junk Find stuff to resell on bluelots -- http://bit.ly/2BKvTr1 FAQ: What tools do I need to sell on Amazon FBA and eBay? Here is what I use for my reselling business below. https://www.amazon.com/shop/flippingjunk Q: What Apps do you use to sell online (eBay and Amazon)? A: I search the eBay sold and completed listings to get an idea of what products are selling for. I use the Amazon Seller App to scan for FBA. Seller app -- http://amzn.to/2HM1qbM Q: Can you make a living selling online? A: Yes, the difficulty is based on how much effort you put in and how much you need to make each month. I do this full time. Q: Where do you find your clearance products to resell? A: Literally everywhere. Check end caps and look for clearance aisles, but mostly it will be mixed in. Ask a manager if there's any good clearance deals and build a relationship if possible. Q: Do you make a full-time living selling online? A: I do. All my bills are covered, I'm able to save a good amount, and put money back into the business. I also do other things to make money, but reselling is the meat. It takes a lot of work and dedication to make a full-time living reselling. Please like, comment, and subscribe! It keeps me motivated and happy. Thanks :D Please consider sharing the video to help my channel grow and promote new videos. Links are amazon affiliate links. They help compensate me for the time it takes to shoot, edit, and upload these videos. Please consider supporting me for my time. Thanks.
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Making money from retail arbitrage on eBay and Amazon
Retail arbitrage is not a new method of making money online. Hundreds of third-party sellers on Amazon and eBay are using this technique to make a living. If you understand the ins and outs of the marketplace, it can even make you a millionaire.
How is it done? Is it legal? How it possible? These are probably a few questions about retail arbitrage that you have in mind.
First, let’s explain the concept of retail arbitrage. It’s a simple concept that even a grade school student can understand. In simple words, it means to buy low then sell high.
Walmart and Target are two major online retailers. You can purchase any product from them and sell it for a higher price on Amazon or eBay. That’s how you make a profit. If you want bigger earnings, you can take advantage of a clearance sale. When items are on sale, you can get them for a much lower price then you can sell them at a higher price. That’s how retail arbitrage works.
How is retail arbitrage done?
A classic example is buying and selling of branded bags such as Michael Kors and Kate Spade. Third-party sellers would wait for a big clearance sale such as Black Friday and buy several pieces of bags at a very low price then sell them at a price that is still lower than it's original price tag.
Why would customers buy from third-party sellers instead of from the actual Kate Spade store?
If you are serious about getting into retail arbitrage business, you have to understand the buyer psychology. Not all customers are price shoppers and looking for the cheapest products. Many of them are on eBay for convenience or because they are looking for items that are no longer available in the physical store.
How can big brands afford a clearance sale?
Most items that are being sold during a clearance sale are overstock meaning they don't have space anymore for new products so old stocks must go. In order to quickly sell these items, they will offer big discounts or buy one take one promo. Third-party sellers see this as an opportunity to earn profits.
Why don't big brands just distribute the overstock items to their other branches?
Sending those items to different store branches would mean spending on manpower and shipping. They're going to lose more money by choosing that option. It is easier more practical to just sell them at discounted prices.
How to take advantage of the FBA or Fulfilled by Amazon program
The process is quite simple and doable even if you have a low capital to start with. First, find a discounted product in-store. Second, find a listing on Amazon where similar brand or item are being sold at its original retail price. You will receive a custom mailing label from Amazon that you can attach to your item's box or packaging.
Third, your item will be stored in Amazon's warehouse and is now officially for sale under the brand name's official page. Finally, somebody buys the item and Amazon deposits your earnings in your bank account. They take care of the shipping process.
Retail arbitrage can make you thousands of dollars. The key is to find low priced items and sell them at a higher price. Waiting for clearance sale is something that you should consider.