Our First Time Trying Amazon RETAIL ARBITRAGE (Honest Results)
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- Опубликовано: 4 июл 2024
- Have you been wanting to sell on Amazon FBA but don’t know how to get started or don’t yet have the budget to launch a Private Label product? One great method to get started is through Retail Arbitrage. Check out this video for a step-by-step overview of how to get started!
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🚀 We’ve never done Amazon Retail Arbitrage before, but in this video we visited Walmart, Target, TJ Maxx, Marshalls, and Costco and found some profitable products to sell. Using the Seller Central mobile app we scanned over a hundred products and came away with a few that we’re reselling on Amazon for a significant profit.
WHAT IS RETAIL ARBITRAGE?
Arbitrage is the practice of taking advantage of a price difference between two or more markets, or in other words, reselling.
In this case, retail arbitrage is the process of buying discounted products through retailers (including online retailers) to sell on Amazon.
An example of this would be finding a product at Walmart that sells for $5, purchasing that product, and then reselling it on Amazon for $20. Pretty cool, right?
Some sellers also buy products they find online, which is known as online arbitrage, and the process is the same: buy low, sell high (on Amazon).
You may be asking yourself, “is retail arbitrage legal?” Fortunately, it is. According to the first-sale doctrine, once you purchase a product legally, you then have the right to resell that product, as long as it is sold in an unchanged condition. So if you buy it and sell it as new, the product must be in new condition.
#JungleScout #AmazonFBA #retailarbitrage
Have you done Retail Arbitrage before? If so let us know In the comments, or if not drop your questions down below and we'll do our best to answer them! 😄
That’s hilarious! I tried retail arbitrage for the first time in May and found the exact same Foxbae hairdryer at Marshalls, but after listing it and not getting any sales on the listing after several weeks, I gave up on it. Just not enough demand for it.
(I did make sure to keep updating my pricing strategy as my competitors did, but still no luck)
Thanks for sharing this with us! Though I'm so sorry to hear there wasn't the demand for the \foxbae hairdryer 😞
which app you are using for scanning and product profit estimating ?
I'm doing online orbitrage. But this series making excited know about the business. Thank you. Waiting for next videos.
🥰 Hey! Thanks so much, glad you enjoyed the content! 🙂 --Lenny
I hope you are doing well. It is some of the best side hustle and now my main job that i have.
Looking forward to see the shipping plan and new workflow. I'm currently still using the old method. I'm worried, because I often have shipping plans with 25+ skus
Great! I hope that works out well for you! :) 😊
Hello,one thing wich nobody mention is how fast they sell,considering you chose high demand products
It would be really good if you guys do the same excercise but with online shopping. Doing research from amazon to retailers websites and vice versa
Great idea! We'll certainly take a look into this!
It is basically the same but you can do it with Tactical Arbitrage
I follow all your videos on YT. I really appreciate all of the great content! 👍 I have a question for you? What Amazon categories do you recommend I get ungated with first as a new FBA seller? Especially that Q4 is behind the corner? Thanks a million in advance for all your help. Isaac
Hey! Thanks so much, glad you enjoyed the content! We don't recommend gated categories unless you really need them. 🙂 --Lenny
I hope you are doing well and it has up and down and hope you will stick to it.
Great tips
Have you tried Retail Arbitrage yet!?
@@junglescout Yes 7Fig Seller in Wholesale . used to do RA big time.
Great video but would have loved to see if you had trouble selling the items because at times there could be quite a few competitors and you don’t always have the buy box =\
Thanks for your feedback!
I'll certainly pass this along to the content team.
Very helpful video. But we didn’t check the IP alert. On Amazon the IP alert is very important to keep your account safe.
Thanks! You should definitely check that. 😉
IP alert is a good software but most of the claims are not verified but there is always risks
guys I have a question on selling shoes. You buy shoe from lets say marshall (size 9 for example), how do you list it in amazon? don't you need to list with all possible sizes in amazon? can you please help me to understand?
How do you mail that thing with only 3 dollars? It looks to be 8 dollars shipping fee to me.
Hello, thanks for this great video. Are you using the Amazon seller app to scan or is it a different app?
Yes, that's the app used to scan.
So you are saying that you purchased one of each of these items and then listed them on Amazon to only sell 1 of each item? How does your listing even get seen if you only have a qty of 1 in stock on your listing?
Sorry for any confusion! Are you referring to the Shipping Plan part? If so, you can send multiple units as your initial inventory per product.
What app you use to scan?
Great content...question for you guys. If we have a Fullfiment center in our city can we just drive our products there? Therefore eliminating shipping costs?
Amazon doesn't allow sellers to drop off products and boxes at the fulfillment centers directly, so you would have to ship them through a major carrier like UPS or FedEx.
Amazon just does not accept drive in but they offer cheap shipping rate
@@on9francisyu can you elaborate on that? How do you mean they offer cheap shipping rate?
Which software should you use for retail arbitrage
Ours is perfect to use! 😉
How do you categorize your Amazon "store" if there isn't a specific thing you sell? Or there isn't a specific product you sell. Just seems like a variety of things you'd offer on Amazon.
Great question! @KWB466 🤔
Whether you have a product to sell or just want to get in the game but don’t yet know what to sell or categorize your products, there’s a business model that will work for you to sell on Amazon.
Do consider setting up your business model as this sets the precedence of how you will run
Amazon business models :
Private Label: Creating your own product label/brand
Wholesale: Buying products in bulk directly from a brand or from distributors with extra stock in order to sell on Amazon
Reselling/Arbitrage: Buying discounted products through retailers or online to resell on Amazon
Dropshipping: Buying products directly from a manufacturer who fulfills the order and ships directly to the customer
Handmade: Creating/crafting your own products to sell on Amazon
While each of these methods for selling on Amazon can be successful, we’re going to focus on one that has proven to be a profitable, scalable method: private label.
Why sell private label products on Amazon?
1. You own the brand
2. Higher profit margins
3. Customize your product
4. Creative control over the Amazon listing
5. No competing for the Buy Box
To know more about private label, please check our article: www.junglescout.com/blog/amazon-fba-private-label/
Which seller plan should we choose? Individual or professional as a beginner in online arbitrage? Considering the fact that with Individual seller account we won't be able to win buy box? & with professional we will be charged $40?
Starting with the Pro plan is much preferable since it allows you to scale your Amazon business over time. However, if you want to start small for now or give the arbitrage a try , you can go with individual plan then upgrade later on.
if you sell more than 40 items you should have the professional plan
What happens if you purchase products from retailers and send them to the Amazon warehouse and it doesn’t sell, can you get the product back from the Amazon warehouse and return it back to the retailer?
you may not be able to return it to the retailer directly especially if it's out of policy. However you can request a removal and send the product to yourself and re-sell it on FB or eBay.
Great 👍 explanation. What mobile application you're using to scan products?
There are a few, you can use the first one in the play or app store depending on your location :)
When will you add middle east to your country list, I mean amazon ae ?
We are hoping to do it soon!
how much time you spend
One thing wich most youtubers forgot to mention is how fast they sell,asuming the item have a high demand
That's always a positive, if you have enough stock & know when to re-order!
Our Inventory Manager can help there!
My first product reached the fulfillment center and now has the prime badge! Very excited for that but I’m confused on a new issue. There are two other sellers with the same price with also prime. Their prime offers a day earlier and I am getting no buy box sales. One of the other sellers has many reviews, the other has only a couple and I just launched. With estimated sales over 1000 a month, I should expect to get at good portion of those sales daily correct? We are all listed at the same exact price. Please help clarify, I am confused.
For context, I send in this as a test and only have 7 sellable units. The other seller at 6 units and the biggest seller appear to have over 999 units. Any help would be great! Didn’t think inventory also dictated the buy box win percentage
Price and good reviews are the biggest drivers! Try discounting your product or offering a coupon to win the buy box and entice sales
@@junglescout I will try that thank you! Without removing too much from my profits, If I drop 3% of the lowest price, would this help the sales?
It definitely could!
@@grantgwin6084 always do the penny below
What happens when the scanned product doesn't have a listing on Amazon when doing RA/OA? Can I still create a new listing for that product?
You can create your own listing!
How do you get around item approval if you’re not buying from a distributor or manufacturer?.. also are you using the Amazon seller app to scan and calculate margins or a different app?
Yes we are using their app! You only need a receipt of purchase if you aren't sourcing but re-selling!
@@junglescout How do you get around item approval with arbitrage? Do you just use the store receipt as proof or purchase instead of an invoice from a distributor/manufacturer? Or are you emailing these brands and asking permission to sell their products?
This forum may help: sellercentral.amazon.com/forums/t/online-arbitrage-amazon-asking-receipt/782747/62
Hi Guys , great video , tks for sharing .I am a beginner on Amazon , launched my first product from my brand but will take some time to be sustainable.Can I use the same Amazon seller account(I am brand registry) to do some arbitrage just as some side hustle? Tks
Yes, you can! 😊 You can do multiple methods to sell on Amazon using from your Seller Central account.
@@junglescout great tks
Lots and lots of people in the amazon seller forum say that retail arbitrage can get your account suspended cause you don't get invoices from those stores. 2nd... why are you not clicking the request for approval button? Sometimes it's says that but you can get approved in a few clicks.
You absolutely can get banned if you don't have proof and receipts or if you go about selling trademarked products. But there it a way to do it correctly and follow the rules :)
@@junglescout And how do you know if it's a trademark product?
Usually shows on the listing, but if not, you can check it on USPTO.
As an experienced seller, I can tell you. You need to have a way to proof of purchase from a credible seller like Walmart when there is a claim against you.
if you ever know Amazon to Amazon flip which is buying when Amazon is doing a deep discount and you buy and hold then you sell it back on amazon when the price goes back up. You can use the amazon invoice too
What application were you guys using to scan the products?
You need an Amazon Seller Central app to scan the products. Just go to Add Products and click the Camera icon to scan the barcode. 😊
What app are you guys using to scan the products.?
This is seller central app 😊
Can normalizing price increases across the board actually contribute to inflation? Never asked Gary V 😉
🤔 Stuff we don't analyze that might affect income-gaps, supply-chain and sustainability-efforts in real time.
😂 a Gary V fan I see!
What app are you using to do the scanning and profit determination?
Scanning of barcodes?
Hi, I just wondering there are taxes when you buy it. why no adding tax? thank you!
That should be added to your consideration for the price when selling the item.
Can we use GTIN exemption for these products?
We have a great article about this here: www.junglescout.com/blog/amazon-gtin-exemption/ 😊
if you post the items for sale under an ungated listing. can the brand still file a ip complaint and have it taken down or anything like that? sorry im new to this.
Yes, this is possible!
Fast question how do you sell retail on Amazon with all the restrictions???? All the best
You have to produce all the. receipts and follow all guidelines!
What app are you using to scan everything!!??
You can check out this article for that: www.junglescout.com/blog/best-amazon-seller-scanner-app/
what system are you using to scan and compare prices on amazon
It's an app from Seller Central! Search their store app area for the price scanner
Hello sorry I’m confused is there a List of products you can sell on Amazon thats not restricted thanks for your help
There isn't a list, you'll need to ensure you do thorough Product Research!
What is the software you're using to scan products?
Hey! It's the Amazon Seller app! :)
Can I purchase direct from a website, e.g., Walmart.com and have Walmart ship directly to Amazon Fulfillment Center via my account? And then pay for FBA per order?
Unfortunately, this is not possible as you need to create a shipping plan in Seller Central in order to ship your products to Amazon's warehouse
which app did you use to scan the products ?is it from jungel scout
It's not from Jungle Scout, it's the seller Central one :)
Which App did you use to scan the barcodes?
This is the Seller Central mobile app 😊
My keywords are not upto the marks I'm doing g everything but sales is not increasing plz help me out
Check out the Keyword tutorials in the Academy!
What price scanning app is being used in this video?
This is our $69/monthly or $589 annual plan :)
I see you guys are using your phone isb jungle Scout usable with bluetooth barcode scanners
Jungle Scout doesn't support Barcode Scanners just yet
Hello How do you get products Un-Restricted so you can sell them on Amazon???
We have a great blog post that explains how to do that: pulse.ly/nvw4yl7od8
Why do you use to ship? Did you get shipping discounts?
within the amazon account you can do shipment there they will offer discount there
Can you please provide us what application you are using to scan and calculate profits?!
We're using our tools! Come check them out 😀
@@junglescout I’m in where to start..
Hey! You can check out our Academy! Thanks😄
What software are you using on your phone?
It's the Amazon Seller App.
For retail arbitrage isn’t it better to do fbm?
Yes for single items, if you have a few or large items, FBA is great!
what app did you use it?
Are you referring to the scanner? The Amazon seller app has that.
what is the app you guys are using?
It's the Amazon seller app! sell.amazon.com/tools/amazon-seller-app
which app you are using for scanning and product profit estimating ?
Hey! That's the Amazon Seller App! 😁
@@junglescout I never used that before in my mobile 😛
Kindly guide me how I put noticeable n attractive keywords
Use Keyword scout to check out keywords that are relevant and then use listing builder to work on a good listing!
@@junglescout thanks alot
For listing builder can I put my ASIN?
Yes! You can import your active ASINs once your Seller Central account is connected. Then you can go ahead and edit them on Listing Builder!
What app do they use to scan
That's the Amazon Seller app! You can check our article guide on this here: www.junglescout.com/blog/best-amazon-seller-scanner-app/
How do you estimate shipping cost to Amazon?
If you want an estimate for shipping purposes then the rule of thumb is to provide your supplier/Freight Forwarder with the Dallas, Texas Amazon warehouse.
That address is: 33333 J J Lemmon Rd, Dallas, TX 75241
usually you are paying 15 to 20 % of what you would pay to UPS so you can do the math. Each time and depend on the item the Amazon FBA warehouse so the shipping will be more expansive or less
how you take out the price label there?
From the product itself?
@@junglescout yeah with what liquid? coz i have tried many things nothing works to take out those price label
I'm not quire sure. You may want to check RUclips for any label removing hacks, 😉
Hello, I'm curious to know what app your using on your phone?.
Check this article out: www.junglescout.com/blog/best-amazon-seller-scanner-app/
@junglescout Thanks so much, just downloaded it. Greatly appreciate you responding so quick. I've been watching all your videos. I learn so much tips and tricks, pros and cons, I look forward for future videos 👍
Glad to hear you find our videos useful! 🙌
@junglescout Hello, again Im from Canada 🇨🇦
I got a few questions as a Canadian myself?
what are some of the permits and licenses a person needs? For Canada
I read some articles that say you need this. Also, some articles say you don't need anything I'm confused in the word play Era
-I have 2 different emails. Like you mentioned.
-I have Amazon account created?
-I have bank account for the business.
pretty sure I need sales tax ID, Federal Tax ID? possibly LLC
are my missing anything?
any advice would be awesome 👌
We have a great blog post about documents you will need to verify your Seller Central account: www.junglescout.com/blog/amazon-seller-account-verification/
Doing arbitrage do I still have to pay attention to how many sellers on the listings of products?
It's worth while chekcing it out, as these will be the sellers you are competing with to win the Buy Box
@@junglescout what’s the over/under # you guys would say?
We wish we could help, but there is no strict rule for that. There are too many factors that might decide wether to jump on that listing as well, or stay away from it
@@junglescout that’s understandable, how can I get 1st get approval on products? Because every product I scan needs approval.
You'd need to purchase 10-15 units and submit the receipt to get ungated for the category
No sales tax?
We have a whole video on taxes and VAT, check it out!
Do we run PPC for arbitrage of listings already existed (having ASIN) now?
most of the times you do not it is the beauty of arbitrage but if you have some highly profitable item but slightly lower ranking you might want to do that or you want some items absolutely flying out of the doors
Can you plz help me for PPC, so I have a product with almost more than 32 colour variation now I want to start with Exact PPC campaign.... So how I target my 32 listings like do I need to target just one listing and other will company them as they all are child listing
You can definitely check out this article. I believe that this will help you with your PPC questions: www.junglescout.com/blog/amazon-ppc-best-practices/
Which app are you guys using?
This is the Seller Central mobile app 😉
@@junglescout Thanks!
You're more than welcome, #freedombuilder! 🙌
What app is that?
amazon seller app
If Amazon ask invoice? Does amazon allowed Walmart invoice?
As your as that is an invoice for a product you purchased, you should be fine
No my question is very clear is that Amazon allowed Walmart invoice.
If you purchased the product from Walmart, then yes! 😊
I think … you don’t now how to find products ! Costco is one of the best places to find items …. Practice ! Hahaha
We love Costco for wholesale and arbitrage!
But why are you being a jerk lol. Just advice them instead!
I think they know what they do since at least one of them the Australian guy is definitely a millionaire from Amazon FBA and who knows what else e-commerce.
Ive seen him around since 2016 and I bet he has several products/brands running,
His been around for longer than you for sure, so don't be so cocky with your "profound"costco insights and 5 online arbitrage sales a day.
These dudes are helping /while promoting.. Win win situation.
but if the BSR is over 100K is not gonna sell ever.
Most likely but it also depends on the category
isn't it .50-.60 cents a pound?
Are you referring to the shipping price/FBA fee? It depends on the Size tier and Shipping weight and also, the dimensions of the product.
Do I need brand approval? Do I need an LLC?
You will need Brand approval for Retail Arbitrage.
No, you can start selling on Amazon as a Sole Proprietor without an LLC.
@@junglescout brand approval from Amazon or the brand itself?
Amazon needs to approve it in order for you to list the item.
Hi, I’m new seller. Why I got a lot of item restrict.
You might be violating some of Amazon's TOS. Have you tried reaching out to Seller Support to sort this out?
@@junglescout no, i don’t sell online since 2017. I just got back to my Amazon account. I don’t touch my account for 5 yrs. Should I just cancel my account and open new one? What is your recommend?
Oh then it might be your listing might be suppressed. I suggest reaching out to Seller Support and see if there's anything you can do to fix it.
I have done this and let me tell you it's exhausting as MOST products are gated.
Did you create a new listing or listed the product under an existing ASIN? 🤔
@@junglescout I tried under existed ASIN
You will need to check the requirements of this product as the category may be gated by Amazon. We have a great article guide here: www.junglescout.com/blog/amazon-restricted-categories/
Make more
Thank you, glad to see you like the content! We'll post new content as soon as it becomes available 😼
I read bsr above 40k isnt worth selling
it's true, you won't get visibility - but perhaps you can improve it and make a better product
The amount of miss information you guys are giving ppl is unreal .. you guys went shopping for fun not actually knowing how to look or what to look and where to look.. please don’t give false hope to ppl because you saw something gives you 10$ profit..
retail arbitrage has tools and sadly you guys using none.
Thank you so much for your honest perspective on our content. Our focus is to guide and help those who aspire to sell or currently selling on Amazon on how they can sell via different methods.
Nevertheless, I'm happy to pass your feedback along to our content team.
Thanks again for sharing your feedback!
What are the tools people should be using?
Great .
U guys are great .
Love U....❤❤❤❤❤❤❤❤❤❤❤❤❤❤❤❤❤❤❤❤❤❤❤❤❤❤❤❤❤❤❤❤❤❤❤❤❤
Thank you for being so supportive! 🧡