Online Income Generation Evolution. Raymond Wayne

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СКАЧАТЬ app, you need a Smartphone or tablet. Then, you’ll need to scan items when you’re in the store. ScanPower connects to the available information on Amazon to quickly help you make a buying decision. Essentially, you get to see how profitable you can be before you even get started.

      ScanPower will then help you list your items once you’re home so you’re ready to ship them to Amazon. The ScanPower suite can save you hours of time over doing it all manually, and it can prevent you from making bad buying decisions.

      The Profit Bandit app is a good one, though it tends to be slightly less accurate. It’s a one-off payment so I recommend you get this if nothing else. It’s an app similar to the one ScanPower provides. It even links you to CamelCamelCamel.com data so you can check the price history of an item over time. Both services allow you to check the sales rank and competition data of each item.

      There are other devices, such as the Scanfob (https://serialio.com/products/barcode-scanners/bluetooth-wireless ) that can help you scan items more quickly via Bluetooth. There are even devices that allow you to download Amazon’s product catalog so you can scan items even when you don’t have Internet or cell service. However, this can be more complicated and less up to date than devices that connect wirelessly.

      Getting Started With What You Have

      Again, I’m going to urge you to get started with what you have if you’re going to go the retail arbitrage route and are short on funds. You have books and other media items and electronics just collecting dust. Scan those items or manually type them into Amazon to see what kind of cash you can get for them. Create a shipment to go into FBA and watch your “trash” turn into real cash.

      Set this guide aside and just go get started with this. The best way to understand the process is to just go ahead and do it, especially since you’ll soon be buying items to send in to Amazon. This will give you some capital so you can buy more items and it will give you the confidence you need to keep going.

      Now let’s talk about shopping.

      Recommended Stores

      There are so many stores where you can try to get your retail arbitrage business going. The exact stores will differ depending on the area you live in. For example, Meijer has some incredible deals but is not available everywhere. Target is available in more locations. Walmart is available just about everywhere. If you're reading this outside the U.S., you'll have to figure out which stores are most viable near you.

      Big box stores often run big discounts. They have to clear out old merchandise to make room for the new. Target, Walmart, Kmart, and others are good spots to scout for merchandise. Check out their clearance sections, but certainly don't restrict yourself to those sections.

      Then, there are discount stores that act as a clearinghouse for department stores and others. TJ Maxx, Marshalls, Ross, Tuesday Morning, and Big Lots are examples of these. You can often find incredible deals on brand name items that will be perfect for you to buy low and sell high on Amazon.

      Local Mom and Pop shops are great to shop as well. They often carry hard to find items and decide on their own when they'll offer discounts, unlike other stores that have to follow a particular schedule. Sadly, you can often get your best deals when stores like this are going out of business.

      Drugstores like Walgreens, Rite Aid, and CVS often have excellent deals. You can shop their clearance aisles or use coupons to find excellent deals that will be profitable for you.

      And your local grocery stores often have clearance sales on items, but it’s a perishable item, make sure that it will still be good for a decent period of time after you pick it up.

      And of course your local thrift stores like Good Will and Salvation Army are good places to shop, plus flea markets, garage sales, estate sales, etc.

      There are certain apps you can download that will alert you of specific sales in your area, and some stores have their own app. Coupon Sherpa and Shop Nearby are two apps that are worthy of a download for deals. You can also subscribe to the email lists of your favorite stores so you hear about sales first.

      Remember—you can't just enter into these stores and expect to buy everything you see. You have to very carefully figure out which, if any, of the items you're interested in will be profitable for you on Amazon. Whether you use Amazon's price comparison app (free), ScanPower's app (subscription, but the best), Profit Bandit (inexpensive), or something else, you need to make sure the item sells regularly on Amazon and that you can sell it for at least 3X profit.

      Don't get discouraged if you don't come away with a cart full right away. You're sure to develop an eye over time of which items will be profitable. As with anything in business, you make your money when you buy the item, not when you sell the item. You can't force something to be profitable, you have to do your due diligence up front to make sure it's going to be.

      Sourcing Online

      It can be a lot of fun to source online. This is ideal for someone who lives in a rural area without the stores I've mentioned or who just wants to maximize their portfolio of products. Stores run amazing discounts online all the time. There are, of course, some benefits and some drawbacks to sourcing online.

      Let's start with the drawbacks. For one thing, everyone, no matter where they live, gets access to the same deal information as you. You can rest assured that if something was posted on SlickDeals, other deal hunters will be all over the product as well. That doesn't mean you can't get lucky, of course. But, the stores in your local area are different from what everyone else has access to. That's simply not true online.

      For another thing, you'll have to pay shipping and handling costs. You'll also have to wait for the item. Something that was profitable or out of stock on Amazon when you bought online may suddenly be in stock by the time the other retail store has shipped it to you and you ship it to FBA.

      There are some great benefits of shopping online as well. You don't have to leave your house or fight the crowds. You can easily compare prices and determine profitability from the comfort of home. For another thing, you get your items nicely shipped to you and you can save money not only on gas, but by reusing the packaging materials they use. Packaging supplies can really add up when you're frequently shipping to Amazon.

      Next, I'm going to cover some popular spots for online sourcing. I think you'll be pleased at just how many profitable deals you can find without having to leave your couch.

      eBay

      Retail arbitrage involving eBay is simply genius. Now, I want to make it clear that I'm not talking about the unfortunate method some people use where they sell something on eBay and use Amazon as their “drop shipper,” or vice versa. I am talking about finding unbeatable deals on eBay that you purchase, have delivered to your home, and then send in to FBA.

      Obviously, you're not going to be able to buy any old junk on eBay and sell it on Amazon. You're looking for brand new items, in most cases, unless it's in the book or media categories. You're looking for items that are selling for lower prices than they should be. However, be really careful here, because there is plenty of counterfeit media out there. Amazon does NOT look the other way, and doesn’t want to hear that you were innocently duped by someone else. What you sell is your responsibility.

      eBay sellers often use poor descriptions, poor pictures, and just don't know their way around items. Many eBay sellers list their item under the wrong category or completely botch the СКАЧАТЬ