There is a dropshipping category but I didn't see a category for retail arbitrage.
It's not quite the same thing. I've been doing this for almost 10 years on ebay
with moderate success. Ever since the sales tax came in, it's taken away about
20-40% of my profit margins. Those of you who do retail arbitrage dropshipping
KNOW exactly what I'm talking about. If you don't, feel free to message me
or ask me about it.
I'm hoping this thread can be a place where retail arbitragers can come together
and share some helpful tips, ideas, and maybe even winning products. I realize
it's stiff competition out there so we aren't eagerly willing to share what we have
found to be hot sellers right now, but I am willing to share what has worked for
me in the past and how I did it.
There are endless amounts of niches out there and one can only focus on a few
unless you've figured out a way to mass automate listings and stores etc. I do
everything manually which sucks but it's the only thing I know and feel safe
and comfortable doing it.
One of the best ways to make profits is to somehow find products that are on
huge sales (20% - 70% off) and resell it quickly before the sale ends. In those
circumstances, I can make 50% or more profits which is fantastic. A small, low
risk selling item at only $30 can net you $15 profit, etc. Usually my profit margins
for selling a $30 item is about $5-$7 per sale. That's still pretty nice, but before
sales tax came in, I used to make $10 per sale easy on $20-$40 products.
Sales tax + seller fees can eat as much as 40% of my profits now so I'd only make $6 because
I'm paying $4 sales tax out of my own pocket.
I wanted to try and sell in the hot markets like electronics/photo/video/pc/computer
but those are risky due to returns, defects, mfg problems, and the cost of items
can be quite high. I like to take smaller risks with higher reliability such as the
niches in beauty products and health supplements. They often cost less and
have less chance of being problematic. But I'm curious about other niches
like clothes, shoes, camping, furniture/household products, applicances, car
parts, hardware tools, gardening/farming, pets, groceries, books/ebooks,
jewelery, toys, games, and other niches. I hope we can share some ideas
and experiences together.
It's not quite the same thing. I've been doing this for almost 10 years on ebay
with moderate success. Ever since the sales tax came in, it's taken away about
20-40% of my profit margins. Those of you who do retail arbitrage dropshipping
KNOW exactly what I'm talking about. If you don't, feel free to message me
or ask me about it.
I'm hoping this thread can be a place where retail arbitragers can come together
and share some helpful tips, ideas, and maybe even winning products. I realize
it's stiff competition out there so we aren't eagerly willing to share what we have
found to be hot sellers right now, but I am willing to share what has worked for
me in the past and how I did it.
There are endless amounts of niches out there and one can only focus on a few
unless you've figured out a way to mass automate listings and stores etc. I do
everything manually which sucks but it's the only thing I know and feel safe
and comfortable doing it.
One of the best ways to make profits is to somehow find products that are on
huge sales (20% - 70% off) and resell it quickly before the sale ends. In those
circumstances, I can make 50% or more profits which is fantastic. A small, low
risk selling item at only $30 can net you $15 profit, etc. Usually my profit margins
for selling a $30 item is about $5-$7 per sale. That's still pretty nice, but before
sales tax came in, I used to make $10 per sale easy on $20-$40 products.
Sales tax + seller fees can eat as much as 40% of my profits now so I'd only make $6 because
I'm paying $4 sales tax out of my own pocket.
I wanted to try and sell in the hot markets like electronics/photo/video/pc/computer
but those are risky due to returns, defects, mfg problems, and the cost of items
can be quite high. I like to take smaller risks with higher reliability such as the
niches in beauty products and health supplements. They often cost less and
have less chance of being problematic. But I'm curious about other niches
like clothes, shoes, camping, furniture/household products, applicances, car
parts, hardware tools, gardening/farming, pets, groceries, books/ebooks,
jewelery, toys, games, and other niches. I hope we can share some ideas
and experiences together.
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