Amazon book arbitrage is essentially purchasing products from online or physical retailers at a low price, then reselling them for a large profit to Amazon through their Amazon program. This how most people got started trying to earn money online, unfortunately, many just used an improper arbitrage service which did not always give accurate information regarding Amazon and most of the time, not even give you any commission rates! I’ve had this happen to me and it was quite disappointing.
If you’re looking to take advantage of Amazon’s competitive prices, you should be using retail arbitrage instead of tactical arbitrage. With retail arbitrage, you find a physical product at a cheaper price, read reviews about it and then go to an online retail outlet and sell it for a higher price. However, it’s a very tedious process because you’ll need to know where to buy the product at a cheaper price and where to sell it for a higher price…and that’s before you even know if you can turn a profit. It’s very difficult and tedious, and in my opinion, rarely worth the effort.
Amazon, however, has provided a unique method allows anyone to profit from this market. They provide a free tool called the Amazon Reverse Search Engine that allows anyone to run a basic search for a specific product and pull up a complete history on that product’s Amazon page. This includes statistics on the average sales price (not total sales price), buyers that purchased the product within a certain time frame, the number of reviews on the product and many other useful details. This data is incredibly detailed and can really help you gain an advantage over the market.
The method allows you to quickly determine if a particular product is a profitable purchase or not. In essence, Amazon reverse search engine allows you to do a profitable Amazon arbitrage strategy with practically no effort. Basically, all you have to do is conduct a simple Amazon product search for your targeted niche. The Amazon software will then show you any product that matches several criteria that you enter. You can see which products are profitable, and which ones are not.
Now, this is where it gets good! The key to turning Amazon’s free product search into a real profit-making system is to combine Amazon’s free product search with a good online wholesale analysis program. Once you’ve found a few good products to target, you can then find the cheap wholesalers that sell those products at a lower price. When you sell those products for a lower price, you can then resell them at a higher price and make even more money. The key here is finding products that sell for low prices and selling them at high prices-that is, using Amazon’s online arbitrage tactical arbitrage strategy.
Online wholesale analysis programs, such as Amazon Powersellers or ClickBank are great for this method because they can scan through tens of thousands of products, looking for potential mismatches. These programs then allow you to find products with similar sales patterns and find mismatches between products that have similar listings. For instance, a product may be listed under the same category and have similar pricing. Those two products may have very slight differences in their listings (i.e., one has a picture and description versus the other’s), but if those differences are enough to cause people to buy from the first instead of the second, you can then identify a possible Internet marketing opportunity using Amazon Book Arbitrage.
If you’re looking to use Amazon Book Arbitrage to make some extra money on the side, you need to use a good online wholesale directory. A directory like ClickBank or Powells is ideal because these directories can provide you with high-quality lists of high-profitable products, and they also have an easy-use interface to help you find products quickly and start making money on them right away. I personally prefer Amazon’s version, which is called the Digital Product Index, or DPI. Although Amazon’s Book arbitrage strategy works well with most of its available products, it is still worth investing in a good DPI list because its listing of profitable products is much more thorough.
Overall, this method of Internet marketing using Amazon’s products makes for a great way to earn extra money on the side. Just make sure to use Amazon’s online wholesale directory services, such as Amazon’s Book arbitrage, to locate high-quality sources for products to resell. Once you’ve found a few good sources of products to sell, start scanning Amazon’s website for any specials or promotions that might be relevant to your reselling business. And of course, once you’ve got a reliable source of products, use Amazon’s online retail strategy for easy, cost-effective ways to make a profit from every sale that you make!