Thread by @mywifequit

Over 50% of the online retail market is owned by Amazon

That's trillions of dollars exchanging hands every day

Here are 3 ways you can get a piece of that with online arbitrage:

An example of Online Arbitrage:

1. Shop online for deals you can resell on Amazon for a profit
2. Ship those items to you
3. Repackage the products, list them on Amazon and send them to be shipped
4. You receive around 30% commission for each sale

Reasons why Amazon beats eBay:

-10x the market size
-More opportunity to make sales
-Less shipping and fulfillment headaches

How you can get started with Amazon:

1. Amazon FBA

How it works:

-You send your products to Amazon warehouses
-Amazon fulfils customer orders for you
-Amazon delivers the order to the customer
-Every 2 weeks, Amazon pays you

Over 50% of Amazon sales come from 3rd party sellers

Amazon are responsible for warehousing and shipping sellers product

FBA is a great opportunity because Amazon process all the fulfillments for you

You don’t lift a finger.

2. Amazon Merchant Fulfilment

It's similar to FBA, except to pack and ship items when orders come in.

Pros:

-Can be more profitable
-Control of your products
-You provide customer support

Cons:

-Time-consuming
-More labour intensive
-You have to ship /pack items

3. Amazon Dropshipping

Dropshipping is where you sell a physical product without dealing with inventory, shipping or customers.

When you make a sale on Amazon, you notify your dropshipper and they ship the product for you

You don’t touch a single product in the process.

Pros:
-Low Risk
-Less work
-Easy to start

Cons:
-Low profits
-Not a good long term strategy
-You don’t own the products, customers or marketplace!

Dropshipping is a nice place to start, but I don’t recommend it long term.

Thanks for reading through the thread!

I take it you’re interested in starting an eCommerce business?

Shoot me a follow and share this thread to help a fellow entrepreneur

Talk soon,

Steve