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The
next level is online traffic trapper review . Why is this on a level up from retail
arbitrage? In my opinion it's because it's more scalable and efficient. You
have access to so much more inventory and can shop many more stores in the same
time that it would take you to drive around town. With online arbitrage you
also have the option to never even touch your inventory.
How
is that possible? Well, John Bullard Sr and his family have a fulfillment
service in which you can have items shipped to their warehouse and they will
prep it and ship it to Amazon for you. For more information about their service
go to – MyInventoryTeam.com Chris Green also recently released a book about
online arbitrage called Online Arbitrage: Sourcing Secrets for Buying Products
Online to Resell for BIG PROFITS.
Up
from online traffic trapper review is wholesale. Since this book is not about wholesale I
won't delve deep into it, but here are three reasons that you should consider
adding wholesale to your inventory: 1. Less Competition – Higher Barrier to
entry 2. Easy to replenish 3.
Never
have to touch your inventory Let's tackle #1 - Less Competition Anyone can open
an Amazon or eBay account, walk into a retail store like Walmart or Target and
scan items to determine their profitability. The barrier to entry for retail
arbitrage is very low. But as you progress in your business, you should look to
add in inventory sources that have a higher barrier to entry.
Remember
the pyramid? The closer to the ground, the lower the barrier to entry the
inventory sourcing method is. Since the majority of sellers are in the lower
levels, why wouldn't you want to separate yourself from the pack? Wholesale gives
you that opportunity. #2 - Easy to Replenish Isn't it frustrating when you find
a clearance sale with some very profitable items at a retail store, sell them
all, and then can no longer find that item? It's happened to all of us. This
problem (unless an item is discontinued) is solved with wholesale.
Once
you find a profitable item the only thing you have to do is re-order it. To
manage this process effectively I recommend setting replenishment alerts in
Amazon. So for example, if you have an item that is selling at 2 per day and
you have 60 of them at the warehouse you will sell out in about 30 days. When
your inventory gets to 20 or whatever number you choose, you can set an alert
to have Amazon notify you to place a re-order.
Here's
the page on Amazon that illustrates this process
http://www.amazon.com/gp/help/customer/display.html/ref=
hp_rel_topic?ie=UTF8&nodeId=200296340 Wholesale makes my business much more
efficient and easy. I now have several items that sell on a consistent basis
that all I have to do is place re-orders.
The
more items I have like this, the more my traffic trapper review runs on auto pilot. #3 -
Never have to touch your inventory Do you want to have a business that you can
manage from anywhere in the world? Would you like to be able to sit on the
beach and run your business by just sending a few emails? Wholesale gives you
that opportunity. How? Again, by using the services of MyInventoryTeam.com.
You
can have your items shipped to their warehouse in Tennessee and they will
process, label, and ship it off to Amazon for you for a very nominal fee. For
some more information on wholesale please check out my book Real Wholesale
Sources. And above wholesale is exclusives. An exclusive is approaching a
dealer or manufacturer and asking them to allow you to be the only seller to
offer their product on a certain marketplace.
Since
most of you reading this book are Amazon sellers, you could go to a trade show
and ask the vendor to allow you to be their exclusive seller on Amazon. Private
label, the topic of this book, is at the top because in my opinion it's the
absolute best inventory to be selling. Now just because I put Private Label at
the top doesn't mean you should completely abandon all the other sources of
inventory.
If
you enjoy going to garage sales to find items then by all means continue doing
that. If you like going from store to store scanning items you don't have to
stop. Having a good selling private label product will allow you to do retail
arbitrage more for the fun of it rather than because your business depends on
it. So now to answer the question “Why Private Label?” What would your business
be like if you could count on one item to bring in an extra $10,000 to $20,000
in sales in a month or more? What if you had three or four items like that?
There are probably many more reasons why having your own private label product
is superior than other sources of inventory, but here are the main ones: 1) No
Competition – If you sell toys during Christmas time you know what I mean.
It's
not unheard of to have items with hundreds of sellers on one listing. How often
can you win the Buy Box with that amount of competition?
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