How to Buy Products at Walmart and Sell Them on Amazon
How to Buy Products at Walmart and Sell Them on Amazon
There are many business opportunities for anyone interested in making income on the side. One such business opportunity is Amazon Retail Arbitrage. It entails selling products on Amazon. You can achieve that by buying products in a Walmart store and selling them on Amazon. The concept is simple; you earn some income by simply going through the discount aisles and finding products that you can sell on Amazon at a profit. If done right, it is lucrative enough for you to even quit your day job like many people have.
In 2017, a 28-year-old former accountant shared his success story on how he buys goods at Walmart and sells them on Amazon. He has been successful enough to quit his job. He sells the products that he identifies in large amounts. It is relatively cheaper to handle large amounts of goods. The process of reselling goods using Amazon Retail Arbitrage is quite simple.
The first step is to find products to sell. Walk into your nearest Walmart outlet with the Amazon Seller app installed on your smartphone. The best items to consider are the clearance items. You should compare the price tags on the items with the prices listed on the app to know how much you can potentially make. If you are uncertain about the viability of certain products, you can start out small. Buy a variety of products to spread the risk. Invest more in products that look nailed on to do well.
Create an Amazon Seller account. You will use this account to sell your products on Amazon. Scan your items using the Amazon Seller app. Then you can have the products labeled for a small fee. Create a shipment to a Fulfillment Center. You will be instructed to ship your items to an Amazon Warehouse. Once your goods arrive there, they are processed and brought into the market. Then people can buy your goods. You will incur some expenses throughout this process hence you should factor them into your calculations so that you can still make a profit.
One of the most important things you need to do to succeed is to choose products that are popular. At the very least, find products that will sell at a reasonable rate. You need to do some research before you walk into Walmart so that you can have a rough idea of what you want to purchase. Household items and fashionable clothes and ornaments do particularly well.
The process of putting your products up for sale on Amazon is quite simple and cheap. Amazon is quite helpful because they provide you with updates regarding the whole process to keep you well informed. Once the goods are in the Amazon Fulfillment Center, it takes does not take long for them to be put up on the website.
Walmart and Amazon are two retail giants that have dominated the market in many countries. The difference in their business models allows creative business minds to create opportunities for themselves. Even though people have saturated the market, a little creativity can take you a long way.
You should also consider the lucrative business of selling products to Walmart. Remember, Walmart needs to buy merchandise in order to sell it.