The Online Arbitrage Challenge w/ Christ Grant
In this show, Chris and Reezy, discuss online arbitrage and share insights into how to get started with it. The conversation is informative, engaging, and offers practical tips on how to succeed in the online arbitrage space.
Online arbitrage is a business model that involves buying products from one marketplace and selling them on another at a higher price to earn a profit. In this model, the seller acts as a middleman between the manufacturer or distributor and the end customer. As the hosts introduce Chris, they describe how they met him at the Miami sellers conference and found him to be very smart. They proceed to discuss how he has been in the Amazon business for a long time and has a proven track record of success.
One of the most important things when starting an online arbitrage business is having a good understanding of the market. Chris recommends doing research on products and understanding which ones are in demand and which are not. He also suggests using tools like Keepa to help with product research and understanding market trends.
The hosts then discuss how online arbitrage is different from retail arbitrage. With online arbitrage, there is a lot more opportunity, but it can be more difficult to find profitable products. The hosts suggest finding niche websites that sell products that are not available on larger marketplaces like Amazon.
One example of a niche website is Aussie Food Express, which sells Australian food products. Chris shares that he used to sell Australian food products on Amazon and was able to make a profit. The hosts emphasize the importance of consistency in an online arbitrage business and suggest creating a habit of doing product research every day.
The conversation then turns to the 14-day online arbitrage challenge that the hosts offer. They explain that the challenge is designed to help sellers develop the habit of doing product research every day. The challenge is conducted through a private Facebook group and includes daily live videos, which are also available for lifetime access in a private class portal.
In conclusion, online arbitrage can be a lucrative business for those who are willing to put in the effort to find profitable products and develop the habit of doing product research consistently. Using tools like Keepa and finding niche websites can help sellers identify profitable products that are not readily available on larger marketplaces like Amazon. The 14-day online arbitrage challenge is a great way to develop the habit of doing product research every day and build a successful online arbitrage business.
| FREE Intro to Amazon Course | Sign up for the OA Challenge | Seller Amp Free Trial | Tactical Arbitrage Free Trial |
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