Amazon Selling: A Day in the Life of a Retail Arbitrage Seller
Are you interested in becoming an Amazon seller? Do you want to know what it's like to do retail arbitrage? In this article, we'll take a look at a day in the life of a retail arbitrage seller and provide tips and insights for those interested in this business model.
Introduction
Retail arbitrage is the practice of buying products from retail stores and reselling them for a profit on Amazon. It's a popular business model for many Amazon sellers, as it requires little upfront investment and can be done from anywhere. In this article, we'll follow Nikki Kirk, a retail arbitrage seller, as she goes about her day sourcing products to sell on Amazon.
The Day Begins
Nikki wakes up to find that it has snowed overnight. She needs to get a shipment out, but wasn't expecting the snow. She decides to take on the challenge and sets out to source products for her Amazon store.
The Bolo Group
Nikki is a member of the Bolo Group, a community of Amazon sellers who share leads on products to sell. She checks the group for new leads and finds a few items she's interested in.
Walmart
Nikki heads to Walmart, where she scans the clearance aisle, Valentine's aisle, and toy aisle. She finds some items, but warns against going too deep on clearance items, as they can tank in price. She also advises against buying Squish Malo, as they tend to get compliance documents or tank in price.
The Bolo Group, Part 2
Nikki shares some of her finds with the Bolo Group, including some Easter items that are starting to show up in stores. She advises sellers to get in early on holiday items, as they tend to sell out quickly.
TJ Maxx and HomeGoods
Nikki heads to TJ Maxx and HomeGoods, where she finds some good deals on footwear and beauty items. She advises sellers to start scanning different items in January, as the things that sell well in Q4 may not sell as well in the new year.
Target
Nikki heads to Target, where she finds some good leads in the Valentine's Day aisle. She also takes advantage of the 25% off seasonal candy sale.
Conclusion
Retail arbitrage can be a profitable business model for Amazon sellers. By following the example of Nikki Kirk, sellers can learn how to source products and make a profit on Amazon. Remember to be cautious when buying clearance items, and to get in early on holiday items. With these tips in mind, you can start your own retail arbitrage business and become a successful Amazon seller.
Pros and Cons of Retail Arbitrage
Pros:
- Low upfront investment
- Can be done from anywhere
- No need to create your own products
- Can be a profitable business model
Cons:
- Limited inventory
- Can be time-consuming
- Can be competitive
- Clearance items can tank in price
Highlights
- Retail arbitrage is the practice of buying products from retail stores and reselling them for a profit on Amazon.
- Nikki Kirk is a retail arbitrage seller who sources products from stores like Walmart, TJ Maxx, and Target.
- Nikki advises sellers to be cautious when buying clearance items, and to get in early on holiday items.
- Retail arbitrage can be a profitable business model for Amazon sellers, but it does have its pros and cons.
FAQ
Q: Is retail arbitrage a good business model for beginners?
A: Yes, retail arbitrage can be a good business model for beginners, as it requires little upfront investment and can be done from anywhere.
Q: What stores are good for retail arbitrage?
A: Stores like Walmart, TJ Maxx, and Target are good for retail arbitrage, as they often have clearance items and seasonal products that can be resold for a profit.
Q: How much money can you make with retail arbitrage?
A: The amount of money you can make with retail arbitrage depends on the products you source and the prices you sell them for. Some sellers make a few hundred dollars a month, while others make thousands.
Resources:
- The Bolo Group: https://www.yoursellingguide.com/slg-bolo-group/
- Walmart: https://www.walmart.com/
- TJ Maxx: https://tjmaxx.tjx.com/store/index.jsp
- Target: https://www.target.com/
