Business & Society
Amazon is a great digital marketplace for consumers looking for products that are affordable and at the right price. Sometimes, products are found at a cheaper price on other websites. Online resellers make use of this price gap by buying them cheap and selling them at a higher price on Amazon. This is called online arbitrage and is currently hugely popular in the US. Here’s what you didn’t about online arbitrage in India:
• What is online arbitrage:
Sellers exploit a price mismatch by buying product at a cheaper price and selling them at a higher price on websites like Amazon and eBay. Sellers often look for the best Amazon products and then hunt down deals across the internet to buy them at a much lower price than their current Amazon price. Unlike retail arbitrage, sellers do not buy products from traditional brick and mortar stores; instead they source them from other online websites on the internet. And unlike resellers who buy from other wholesalers or manufacturers, arbitragers buy directly from consumers. It is a reasonably profitable venture considering the fact that initial investment is very less and you don’t have to spend more than a few hours every day.
• Some resellers buy from Amazon and sell on eBay:
Some resellers do not actually buy the product; rather, they find products on Amazon and list them for a higher price on eBay. When a customer orders a product on eBay, they simply order it for them on Amazon and get it shipped directly to the customer. This helps them save money on initial investment, but margins are considerably lower.
• Books, video games, music, etc. are some popular products that resell well:
Look for regular deals and discounts across the internet. Some of the popular products that resell well on eBay and Amazon include video games, music, gadgets, and books. There are millions of products that are on sale on the internet. It is not easy to source items at a lower price than those sold on Amazon, but you can definitely use sophisticated software tools like Oaxray for help. We’ll help you find the best deals with a complete analysis of the ROI, Net Profit, Sales Rank, and other information that influences buying decisions.
Author Bio : The Author manages Oaxray, a browser extension that helps people instantly find the best deals and make selling on Amazon profitable.
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