Guest blog post by Kev from Life Success Engineer
When Amazon created the Fulfilment by Amazon (FBA) program, it changed the future of commerce. Sellers could now outsource shipping for the first time ever. This then evolved into brand new business models such as Online Arbitrage (or Retail Arbitrage). This is the process of taking advantage of price differences from online retail stores and the Amazon marketplace.
In this blog post, you are going to learn the seven steps you need to take to start and 100% automate this business model so that the business can be supporting your life to live the way you want. This could be leaving your job to make this full time or having additional income for you to enjoy life with your family and friends.
You can learn the system step by step with this FREE Online Arbitrage Mastery Course.
The steps I share in the video are the exact steps that I took starting in 2015 to the present date.
7 Steps To 100% Amazon Online Arbitrage Automation
Step 1: Preparation
Once you have learned the business model and how it works, the best step to take first is preparation. This is super time consuming and will free up a lot of your time.
Step 2: Sourcing
Sourcing profitable products is critical when it comes to Online Arbitrage, as it is the fuel that will grow your business. The more you source, the more chance you have in finding winners to sell for a profit.
Step 3: Reviewing
Hiring a virtual assistant to review the sourcing products is very important, as you need criteria for product selection.
Step 4: Account Management
Managing your seller central account is very important as this is what keeps the entire business model together. You need to keep the relationship with Amazon healthy. Tasks here will include uploading and listing products.
Step 5: Purchasing
Purchasing from suppliers is another important step to take as this is when you are now no longer having to do the purchasing yourself and you have a team member doing it for you.
Step 6: Other Tasks Including RepricerExpress
Many other tasks are involved such as customer messages, customer feedback and even RepricerExpress. You need to stay competitive with your prices and RepricerExpress has always given me an advantage.
Step 7: Management of Business
The final step is to manage the entire business. When you have all the pieces to the puzzle in place, you then just need to monitor everything and improve systems for your business to keep growing.
Join thousands of happy sellers like Kev
https://www.youtube.com/watch?time_continue=2&v=Bkn68ra9Ndk&feature=emb_logo
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About the Author:
My name is Kev. In 2015, I took massive action and started a business on Amazon. Within 6 months, I quit my full-time Electrical Engineer job and we have now gone on to sell over £1,000,000 worth of physical products. We created a team of virtual assistants and physical employees, which gave my family the freedom to build the lives we wanted. On my Life Success Engineer blog, I share my journey and everything I have learned along the way. Read my story or check out my YouTube channel.
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