- Hi, and welcome back to another Amazon selling video.
If you are new to my channel, my name is Nikki Kirk
and normally I would be talking about retail arbitrage,
but today I am talking about online arbitrage.
This video is actually much requested by a lot of people
and I kind of been putting it off because honestly,
I don't do a whole lot of online arbitrage.
I did an April and May of 2020,
and I do a little bit here and there,
especially around the holiday time.
But for the most part, I really stick to RA.
So if you're totally new to Amazon selling
and what any of this is,
retail arbitrage is where you literally go to a store,
a retail store and you go find things to sell
and you buy them, you turn around and you flip them
for a profit on marketplaces, Amazon, eBay, Poshmark.
There's like so many marketplaces right now.
And to eat your own, like whatever you're comfortable with
but it's all considered RA 'cause it's retail arbitrage.
Online arbitrage is essentially the same thing,
only you're doing it online.
So you're going to websites, you're buying stuff,
it's being shipped to you or a prep center.
And then you are selling it for profit
on whatever marketplace do you prefer.
I really only do Amazon.
I occasionally will put stuff on Poshmark,
but really that was just to get rid of stuff
that didn't sell on Amazon.
So in this video, I'm just gonna walk you through
how I do it.
I don't use any software,
I just use the regular Amazon selling app,
and of course the internet.
So this video is walking you through it
with no software at all.
There are a lot of softwares out there,
Tactical Arbitrage is one of the big ones.
And I will tell you that I did have it two years ago,
I think it was now.
I bought it, I had a subscription for a few months.
I gave it, you guys a really good effort.
I didn't just like, oh, I didn't use it and unsubscribe.
I'd stopped paying for it because it literally never worked.
I'd never found a single product from it.
I would find like new stores that I didn't know of.
But all of the listings didn't match,
they weren't profitable, they were the wrong product,
there was like so many different things at, or out of stock.
So I just ended up not even using it at all and so-
There is a learning curve to it,
but I feel like I really gave it effort.
I tried, I put in a lot of hours and it didn't work.
So if you wanna try it, it is out there,
I think it's free for the first month
or something like that.
But this video is walking you through everything
with no software at all.
There are so many different ways to sell on Amazon,
and as always my videos and my content, or just how I do it,
I'm just explaining how I've done it.
So you might see other videos
or other YouTubers saying another way
and that's totally fine, that's probably how they do it.
There's so many different ways,
so I'm just teaching you how I do it.
So first, how I go about online arbitrage is in general,
I'll usually try to find the things that I found in-store.
So if I find something at Target or Walmart in-store
and I'll go online to see if I can buy more of it
from Target or Walmart.
The tricky thing about Target is
they're not reseller friendly.
So actually the most you can buy of certain things
is like three, four or five, six.
I literally placed the other day two orders of six.
Two separate orders.
Sometimes it actually works in handy because
if they have a promo going on, you get that promo twice.
But they will kind of force you to do multiple orders.
I have never had any issues, just a lot of orders.
Sometimes I'll even go to the store and I'm like,
oh yeah, I have four different orders to pick up.
But that's how I usually go about OA.
I will just look for stuff
that I have already sourced in-store.
Online arbitrage is also really good for bundles.
Like example, I have a bundle right now
that I'm selling FBM, it costs $38.
'Cause it's three separate things that I bundled together,
each one's like 12 something.
And I'm making $24 on every bundle
because it's selling for $90.
So you might think it's crazy that I can go to Target
and buy this thing on its own.
You're like, why can't people just go buy three at Target?
I don't know why, but if they wanna buy it on Amazon,
I will make it easy for them and provide them that service.
So bundling is a really good opportunity for OA because
OA in general, you're looking for things that are different,
things that not everyone can find.
Because that's really your real money is gonna be,
and where the less competition is.
You can do online arbitrage in pretty much any website store
that there is.
Some of the stores I do are Lakeside Collection,
Kohl's, Target and Walmart, like I said,
you could also try sporting goods sites.
Some of the like lesser known or local sites,
stores like Home Depot
or Lowe's home improvement type stores.
You might be able to find some good stuff
on their clearance or sales area.
The key to online arbitrage in general
is thinking outside of the box,
not thinking like everyone else is thinking.
So everyone's probably going to Amazon, Target or Walmart,
but they're not gonna probably go
to the little local mom and pop store.
So if you're in a region where you have a regional retailer,
like that kind who does everything,
like here in Oregon there's a Wilco farm store.
It's kind of like niche down and different.
I bet you, if I went on there,
I might be able to find stuff.
So look at things like that.
By you going that extra step
and finding those different kinds of stores
is where you're gonna end up making your profit.
So it really is a little bit more work
because if it's online, anyone can find it, right?
And you wanna be that person who's finding,
who's digging a little deeper to find it.
If it's open to the general public and anyone can find it,
that means any other seller can also find it.
So it's probably not gonna make a whole lot of profit
if it does at all.
So what I suggest doing, is just grabbing your laptop
and your cell phone,
that's literally all the tools you need,
and just start scanning some websites.
I recommend going to whatever website you choose,
go to the sale area, the clearance area,
focus on like one category.
So if you wanna do baby, or toys, or grocery,
or like whatever that category is.
If you need help finding categories, so think of-
What I do is, like I said, I will find stuff that is
at retail arbitrage that I'm buying,
and then I'll just go like Google whatever the product is
and then see what pops up.
Obviously you wanna cruise right past all the main ones,
but what about, where are these other random little stores
E-commerce that are selling it?
Because that is where you might actually find more products,
a branch lead off of that one product.
All right, so let's do a little test
and do some online arbitrage.
Now, I really don't think I'm gonna find anything
'cause I'm just sitting here filming this video.
I haven't searched for a product before this.
So if we get lucky, that'll be kind of a miracle.
I'm just gonna go to Lakeside Collections
because I have actually found a few things
on this website before in the past.
I always kind of just go to their sale area.
They are actually really good for seasonal stuff,
so right here as an Easter item.
So literally all you do is you take your phone,
you open up the Amazon Seller App and you go and you scan.
And then a listing will pop up,
which is not the actual listing, and that happens a lot.
Let me see, let's see about these guys.
All right, let's go to-
That was a bust.
Let's go to Dick's Sporting Goods.
That's probably a great example
because they're having a flash sale, a 50% off.
So let's just shop all.
The other key thing you wanna do is,
don't shop just for you.
So obviously I'm a woman and I wanna go click women's.
But I'm gonna click all because,
you can't shop like you are shopping.
Really quickly, if you need help getting ungated in Adidas,
you can actually get my topical OTC and grocery guide
and you can get ungated in Adidas using that guide.
It is new seller specific and friendly,
and it is affordable for you.
So definitely check that out if you wanna get ungated
in Adidas or any of those other brands and categories.
You can join the hundreds of other sellers
who are getting ungated today.
So go ahead and check that out.
The links are always below.
Now let's see what any of these are going for.
If the scanning doesn't work, you might have to type it in.
So now I found this shoe, except for there's no rank.
So there's no rank, I don't wanna buy it.
Because the other thing about online arbitrage is,
you have to use all your same sourcing methods
as retail arbitrage.
So for me, it has to have a $5 minimum profit,
it has to have a rank, because of rank means that it sells.
Amazon can't be selling it, and I check Keepa.
Those are all things that you do during retail arbitrage,
and they're all things that you wanna make sure
you're doing online arbitrage because
it will definitely be the same burn as retail arbitrage.
If you get it wrong, you might be eating the cost.
So now I can see this is the shoe right here, sold out.
Let's see if they have it here at Dick's.
Nope, no 12.
But see here, couldn't see they had it in 14.
That's another thing like bigger sizes,
like different things.
Always wanna be on the lookout for different things
no matter where you're sourcing online, or retail arbitrage.
So here we have it.
They have it in a size 14 it's $49.98 if I buy it at Dick's.
So it would make a profit of $6 and 48 cents.
Not a big profit, I wouldn't spend that much money.
But I just wanted to show you like how it works.
So it's basically like you're sourcing in-store,
only it's a little more effort
while you're sitting at home or work or whatever.
But you do have to type some of the stuff in.
Let me just go to target.com just to see if I can scan a toy
and show you that it really does come up sometimes.
I guess I should have planned ahead
and had a product ready for you.
But I wanna show you the real thing,
it really kind of is a lot at work.
Once you get a replenish of all of those,
something you can keep doing especially if it's a bundle,
then it will be a lot easier.
So I just went ahead and got Lego.
My toy guide helps you with Lego, just FYI.
But I knew Lego would be here at easy to find.
So if it has only at Target, that is a really good sign
because those are going to be a little different,
and you want different.
So we've got this Lego Star Wars, and here you go.
So it's $99 at Target, and it is $110 on Amazon,
but it is not gonna make any profit,
it would actually lose money.
Let me just quickly go through the rest of them.
See what we got here.
This one here is at Target and it is for $49.99.
And on Amazon $70.
So $49.99, this one would make $10.
Yeah, it's over $5, but if I'm spending $50
and I'm only making $10, it's like, what is that?
20%, 25% ROA, that's not good enough for me,
I really want 50.
So if I was gonna spend $50 and it made me $25,
I would do that in a heartbeat, especially with Lego,
because those are always really good profit.
But for this one, it's not enough for me.
But again, if you wanna do it, it's at Target.
It just really wanted to show you
that they really do come up.
Here's another Harry Potter one $99,
selling for $140 on Amazon.
So again, you would make like what $17.
Now another thing with online arbitrage is,
if it happens to go on sale.
So if Target has a like a buy two, get one half off,
or something like that, you always-
The way I would do it is, if I'm buying three things,
so if I buy two, get one free,
I do the price of two and divide it by three.
I just cover that cost across it
to get the special price for each one.
Because when it sells each one, I'm not gonna be like,
oh, I didn't make any money on those two.
But on the third I did, I just like to spread it.
So online arbitrage is great,
especially if you use things like, I use Rakuten,
I don't know if you saw all those keep popping up.
All those kinds of like cashback rewards are really great
'cause now you're making money
while you shop for your business.
So you can turn around and use that money as income
or buy more product.
So like I mentioned, the best way to start
is to just first start and then use products,
branch leads of things that you've already sourced in-store.
So if you have a hot product you're sourcing in-store,
go ahead and search for it online,
see if you can find a different source online for it.
Look for things that are different.
You can do bundles, anything that is a little bit
above and beyond what a normal everyday person or seller
is gonna do.
You have to put in that little bit of extra work
and it does take time like anything selling on Amazon.
It takes time to get the hang of it,
but once you do, you can really make some great profit.
I hope this video was helpful and explained
just a little bit of how I do online arbitrage.
If you need help and get-in in toys,
things like Lego Star Wars, Disney, Mattel, Hasbro,
Transformers, DC, all that kind of stuff,
that is in my toy guide,
and that is separate from my OTC topical and grocery guide
which also has Adidas.
And the reason they're separate,
is they're two different suppliers.
So you can get both guides together, I have a bundle price,
or you can just get the one you need right now.
Those are all available.
My BOLO group is also welcoming you to join.
So all the links are below.
If you have any questions or wanna see any other videos
from me, please reach out and let me know.
Thank you guys so much for watching, I truly appreciate it.
And I hope this video was helpful.
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