Start a Retail Arbitrage Business via Amazon FBA

Discussion in 'Articles & Tutorials' started by Stockgenius, Jun 25, 2015.

  1. Stockgenius

    Stockgenius
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    Amazon has been around for a long time, but not many people are aware of Amazon FBA.

    What is Amazon FBA?

    With Fulfillment by Amazon (FBA) you store your products in Amazon's fulfillment centers, and we pick, pack, ship, and provide customer service for these products.

    Basically, you find items and send them to the Amazon warehouse while they do the customer service for you. Your goal is to pick out in demand items where you can get for cheap somewhere else and sell them on Amazon FBA.

    How Do I Get Started?

    You need 3 things:
    1) Mobile Phone
    2) Amazon Seller App
    3) Transportation to local stores

    How much money do I need to get started?

    I recommend at least $200(the more the better). You need to buy inventory you got from local stores and send them over to Amazon. That ties up some of your funds until you have your items sold.

    Pros of Amazon FBA

    1) Easy to get into
    2) Start with as little as $200
    3) A business that can scale
    4) Can be outsourced eventually
    5) Amazon handles all customer service
    6) This can also be a side business that doesn't take up too much of your time

    Cons of Amazon FBA

    1) Sometimes products might not sell as fast as you want it to
    2) Sales taxes can be confusing
    3) Sometimes you won't be able to find good items to sell on there

    This is perfect for regular people wanting to start a business but doesn't have a big budget to do so. And if you like regular shopping trips to stores(I call them treasure hunting), then this might be of interest to you.

    Here are 5 experts that share their Amazon FBA tips for newbies that are interested in this line of business.

    Source: http://onlinefanatic.com/amazon-fba-guide-and-tips/

    PS: Feel free to ask any questions if you are interested.
     
    #1 Stockgenius, Jun 25, 2015
    Last edited: Jun 25, 2015

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